ADVENT TECHNOLOGIES HOLDINGS, INC. financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data ADVENT TECHNOLOGIES HOLDINGS, INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
0.88
7.07
7.84
1.54
3.28
Cost of revenue
0.51
5.41
8.58
6.96
1.49
Gross profit
0.37
1.66
-0.74
-5.43
1.79
Research and development
0.1
3.54
9.8
7.57
3.23
Selling, general and administrative
3.55
41.9
35.9
28.8
14.3
Selling and marketing
0.05
0.08
0.5
0.1
0
Operating income
-0.7
-3.07
-44.1
-85.4
-50.7
-18.4
Interest income
4.64
0.84
Other non-operating income
-0.02
0.02
-0.22
-0.87
0.01
Pre-tax income
22.6
-3.12
-21.4
-76.3
-51
-30.1
Income tax
1.07
0
-0.92
-1.97
-0.08
-0.06
Income from continuing operations
-50.9
-30
Net income
21.5
-3.12
-20.5
-74.3
-71.4
-41
EBITDA
-3.05
-43.6
-83.9
-48.4
-16.8
EPS, basic
-1.50
-4.50
-13.50
-43.28
-37.24
-15.65
EPS, diluted
-1.50
-4.50
-13.50
-43.28
-37.24
-15.65
Shares, basic (weighted)
0.22
0.68
1.53
1.72
1.92
2.62
Shares, diluted (weighted)
0.22
0.68
1.53
1.72
1.92
2.62
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
1.2
0.52
79.8
32.9
3.2
0.38
Receivables
0.42
3.14
0.98
0.06
0.96
Inventory
0.11
6.96
12.6
0.2
0.01
Other current assets
0.06
0.5
4.73
2.29
0.62
0.32
Total current assets
0.58
1.7
97.4
49.5
8.84
2.69
Property, plant and equipment
0.2
8.59
17.9
20.8
4.64
Lease right-of-use assets
4.06
3.16
0.27
Goodwill
0
30
5.74
Intangible assets
0
23.3
6.06
0.08
0.09
Long-term investments
0
0.32
Other non-current assets
0
2.48
5.22
0.24
0.32
Total assets
226
1.89
163
89.6
34.7
8.01
Accounts payable
0.03
0.88
4.84
4.68
4
16.7
Accrued liabilities
0.03
0.81
5.9
1.52
0.65
0.39
Deferred revenue
0.17
1.12
1.02
0.41
3.19
Short-term debt
0.56
Total current liabilities
1.28
3.43
18.9
13.7
11.9
28.8
Lease liabilities
9.8
8.23
0.18
Other non-current liabilities
0.04
1
0.85
0
0
Total liabilities
19.2
3.69
32.8
25.4
21.3
29.3
Paid-in capital
-15.2
11
165
175
195
199
Retained earnings
20.2
-12.9
-33.4
-108
-179
-220
Other comprehensive income
0.11
-1.27
-2.6
-2.33
-0.16
Shareholders' equity
-0.83
-1.79
130
64.1
13.4
-21.3
Total equity
-0.83
-1.79
130
64.1
13.4
-21.3
Total liabilities and equity
226
1.89
163
89.6
34.7
8.01
Shares outstanding
0.83
1.71
1.72
2.58
2.64
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
21.5
-3.12
-20.5
-74.3
-71.4
-41
Depreciation and amortization
0.02
0.56
1.49
2.33
1.56
Stock-based compensation
0.87
7.71
10.4
9.88
3.78
Deferred income tax
0
0
-0.92
-1.97
-0.08
-0.06
Change in receivables
-0.1
0.94
1.83
0.58
0.68
Change in inventory
-0.08
-1.6
-5.93
0.84
0.22
Change in payables
-0.03
0.32
Cash from operations
-0.63
-1.43
-35.8
-32.1
-21
1.4
Acquisitions
0
-19.4
-1.86
Cash from investing
0.27
-0.12
-25.6
-14.5
-5.31
1.21
Debt repaid
-0.5
0
-0.04
-0.1
Stock issued
0
0.02
0
Share buybacks
0
-0.07
0
Cash from financing
0
0.88
142
-0.04
9.06
0.85
Exchange rate effect
-0.02
-0.86
0.54
0.08
0.38
Net change in cash
-0.37
-0.67
80.1
-46.7
-29.2
-3.67
Interest paid
0
0.01
0.02
0.04
0.12
Income taxes paid
0
0
0.96
0.01
-0.08
-0.06
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-3,437.0%
Gross profit / revenue.
Operating margin
-34,667.0%
Operating income / revenue.
EBITDA margin
-32,316.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1,602.0%
Pre-tax income / revenue.
Net margin
-589.8%
Net income / revenue.
Operating cash flow margin
-5,276.0%
Cash from operations / revenue.
Effective tax rate
0.1%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
-4.3%
Net income / average total assets.
R&D / revenue
3,329.0%
Research and development expense / revenue.
Stock-based pay / revenue
-3,118.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
2,351.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
113.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-22.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 3y
2.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-258.4%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-76.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-63.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-48.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
36.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
19.7%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
63.6%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.10x
Current assets / current liabilities.
Quick ratio
0.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.02
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.87
Cash from operations / diluted weighted shares.
Book value per share
-$5.40
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.02x
Market cap / revenue.
Earnings yield
-25,418.0%
Net income / market cap (the inverse of P/E).
What was ADVENT TECHNOLOGIES HOLDINGS, INC.'s revenue in fiscal 2024?
ADVENT TECHNOLOGIES HOLDINGS, INC. reported revenue of $3.3M for fiscal 2024, 113.3% higher than the year before.
Was ADVENT TECHNOLOGIES HOLDINGS, INC. profitable in fiscal 2024?
No. It reported a net loss of $41.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.