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Financial statements

Aditxt, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Aditxt, 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

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0.110.930.650.130
Cost of revenue0.080.770.760.630
Gross profit0.030.17-0.11-0.490
Research and development0.180.945.047.277.0710.93.19
Selling, general and administrative00.080.331.85
Selling and marketing1.850.270.20.4
General and administrative5.697.8522.11618.616.316
Operating expenses5.878.874225.62627.419.6
Operating income-5.87-8.87-41.9-25.5-26.1-27.9-19.6
Interest expense0.010.0204.24.190.68
Interest income000.060.0100.2
Other non-operating income0.04-0.28-4.44-2.17-6.33-7.16-23.2
Pre-tax income-9.15-46.4-27.6-32.4-35-42.8
Net income to minority interests-0.01-0.57-1.07
Net income-5.83-9.15-46.4-27.6-32.7-40.4-43.1
EBITDA-5.87-8.85-41.6-25.1-25.6-27.2-19.3
EPS, basic-109,926,248.00-96,185,467.00-8,763,725,482.00-1,079,592,960.00-195,535,018.00-22,147,415.00-1,154.00
EPS, diluted-109,926,228.00-96,185,450.00-8,763,723,927.00-1,076,843,120.00-195,534,895.00-22,147,415.00-1,154.00
Shares, basic (weighted)0000000.04
Shares, diluted (weighted)0000000.04

Balance sheet

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents010.57.872.770.10.833.2
Short-term investments0
Receivables0.090.530.410.04
Inventory0.950.750.010.01
Other current assets0.150.460.50.2200.62
Total current assets0119.424.746.9123.82
Property, plant and equipment0.82.272.321.91.550.88
Lease right-of-use assets1.263.162.21.231.2
Intangible assets0.320.210.110.010.010
Other non-current assets0.29
Total assets0.1213.116.710.744.632.116.5
Accounts payable1.850.241.581.967.5210.27.34
Accrued liabilities0.391.890.3
Total current liabilities2.981.233.613.6425.923.412.2
Lease liabilities0.861.891.040.440.34
Total liabilities2.982.096.485.5328.523.912.6
Paid-in capital9.0632.177.7100144170214
Retained earnings-11.7-20.9-67.4-95-128-168-210
Treasury stock-0.19-0.2-0.2-0.2-0.2-0.2-0.2
Other comprehensive income1.25
Shareholders' equity-2.851110.25.2116.11.675.61
Minority interests-0.01-0.58-1.66
Total equity-2.851110.25.21161.093.95
Total liabilities and equity0.1213.116.710.744.632.116.5
Shares outstanding0000000.02

Cash flow statement

FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Net income-5.83-9.15-46.4-27.6-32.4-35-42.8
Depreciation and amortization00.020.370.430.440.610.27
Stock-based compensation3.73.194.643.131.40.030.47
Deferred income tax0.120.160.43
Change in receivables-0.06-0.31-0.440.120.360.04
Change in inventory-0.49-0.460.20.730.01
Change in payables0.6-1.481.330.416.655.1-5.63
Cash from operations-0.46-7.22-22.3-22.4-19.2-16.8-25.7
Capital expenditures-0.37-0.01-0.01
Purchases of investments-5
Cash from investing-0.17-16.3-0.24-0.01-5-2.44
Stock issued0.4718.529.917.20.51
Cash from financing0.3517.93617.516.522.530.5
Net change in cash-0.1110.5-2.63-5.1-2.670.742.37
Free cash flow-22.8-19.2-25.7
Interest paid0.010.753.071.242.47

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.00 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Gross margin19.9%Gross profit / revenue.
Operating margin-127,821.0%Operating income / revenue.
EBITDA margin-126,088.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-369,865.0%Pre-tax income / revenue.
Net margin-372,062.0%Net income / revenue.
Operating cash flow margin-129,420.0%Cash from operations / revenue.
Return on assets (ROA)-383.5%Net income / average total assets.
R&D / revenue21,150.0%Research and development expense / revenue.
D&A / revenue1,733.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-97.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-84.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 3y-88.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y235.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y2.5%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-12.6%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-48.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y15.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y4.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y1,867,650.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.06xCurrent assets / current liabilities.
Quick ratio0.02x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.02x(Cash + short-term investments) / current liabilities.
Liabilities / assets352.9%Total liabilities / total assets.
Interest coverage-33.3xOperating income / interest expense.
Working capital-$12.5MCurrent assets - current liabilities.
Goodwill and intangibles / assets3.9%(Goodwill + intangible assets) / total assets.
Tangible book value-$33.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.00xRevenue / average total assets.
Fixed asset turnover0.02xRevenue / average property, plant and equipment.
Inventory turnover0.09xCost of revenue / average inventory.
Days inventory4,080 days365 x average inventory / cost of revenue.
Receivables turnover1.20xRevenue / average receivables.
Days sales outstanding305 days365 x average receivables / revenue.
Days payables245,645 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-241,261 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$2,644.00Net 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$0.71Revenue / diluted weighted shares.
Operating cash flow per share-$919.68Cash from operations / diluted weighted shares.
Book value per share-$861.43Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$875.39Tangible book value / shares outstanding.
Cash per share$6.96(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.3KShare price x shares outstanding.
Enterprise value-$265.5KMarket cap + total debt - cash - short-term investments.
P/S0.23xMarket cap / revenue.
Earnings yield-1,594,585.0%Net income / market cap (the inverse of P/E).
What was Aditxt, Inc.'s revenue in fiscal 2025?

Aditxt, Inc. reported revenue of $3.2K for fiscal 2025, 97.6% lower than the year before.

Was Aditxt, Inc. profitable in fiscal 2025?

No. It reported a net loss of $43.1M.

How much free cash flow did Aditxt, Inc. generate in fiscal 2025?

Cash from operations of $25.7M minus capital expenditures of $13.7K left free cash flow of -$25.7M.

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.

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