AI Era Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AI Era Corp. 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2.82	0.41	0.25	0.43	0.45	0.12	2.93	1.47	3.3	6.37
Cost of revenue	0	0.05	0.15	0.17	0.18	1.49	3.22	0.24	0.19	0.16
Gross profit	0.02	-0.03	0.1	0.26	0.27	-1.38	-0.29	1.23	3.11	6.21
Research and development					0.11
Selling, general and administrative	0.05	0.13	0.9	0.53	1.35	1.51	1.19	1.51	0.83	0.63
Operating expenses	0.06	0.16	0.98	-0.7	-1.64	-1.84	-4.96	-5.03	-2.81	-4.49
Operating income		-0.18	-0.88		-1.37	-3.22	-2.03	-3.56	0.49	1.88
Interest expense					0.26	0.16	0	0.01	0.03	0.07
Other non-operating income									0.09	0.01
Pre-tax income	-0.04	-0.18	-1.16		-1.52	-3.64	-2.17	-3.57	0.54	1.46
Income tax	-0.04	0.2				-0.06
Income from continuing operations	-0.04	-0.18	-1.16	-0.4	-1.52	-3.61
Net income	-0.04	0.14	-1.11	-0.4	-1.52	-3.58	-2.17	-3.57	0.54	1.46
EBITDA					-1.32	-3.17	1.23	-0.5	2.15	3.44
EPS, basic	0.00	0.48	-0.96	-0.11
EPS, diluted	0.00	0.48	-0.96	-0.11
Shares, basic (weighted)	0.2	0.55	1.16	3.77	7.19	195	291	867	2,288	4,793
Shares, diluted (weighted)	0.2	0.55	1.16	3.77	82	195	291	867	2,288	4,793

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.17	0.15	0.21	1.56	2.46	0.13	0.08	0.12	0.06	0.01
Receivables	0.03	0.09	0.01	0.04	0.14				0.62	0.22
Other current assets	0.02	0.04	0.33	0.02	0.01	0.01	0.01			0.01
Total current assets	0.22	0.27	0.55	3.99	2.78	0.88	0.1	0.12	0.69	0.24
Property, plant and equipment				0.02	0.02	0.05	0.01	0.01	0	0
Lease right-of-use assets					0.13	0.05	1	0.7	0.49	0.29
Intangible assets	0.1	0.48	0.64	0.41	0.18	4	3.8	1.46	0.37	4.77
Total assets	0.31	0.95	1.19	4.58	4.94	5.76	5.84	2.62	2.35	6.66
Accounts payable	0.08	0.17	0.09	0.12	0.36	0.12	0.29	0.16	0.03	0.09
Accrued liabilities							0.02
Total current liabilities	0.08	0.23	0.15	0.35	0.94	1.11	0.95	1.12	0.53	3.49
Lease liabilities										0.11
Total liabilities	0.08	0.23	0.15	0.35	0.99	1.11	1.82	1.73	0.89	3.6
Paid-in capital	0.29	0.63	2.87	6.52	7.27	11	12.6	12	11	13.5
Retained earnings	-0.04	0.06	-1.05	-1.45	-2.97	-6.58	-8.79	-12.4	-11.8	-10.4
Shareholders' equity	0.23	0.73	1.05	4.23	3.96	4.65	4.02	0.89	1.46	3.07
Total equity	0.23	0.73	1.05	4.23	3.96	4.65	4.02	0.89	1.46	3.07
Total liabilities and equity	0.31	0.95	1.19	4.58	4.94	5.76	5.84	2.62	2.35	6.66
Shares outstanding	0.54	0.62	147	4.82	46.7	227	385	1,285	2,281	4.02

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-0.04	0.14	-1.11	-0.4	-1.52	-3.58	-2.17	-3.57	0.54	1.46
Depreciation and amortization	0			0.01	0.05	0.05	3.26	3.05	1.66	1.56
Stock-based compensation				0
Change in receivables	-0.03	-0.06	-0.06	-0.03	-0.1	0.14			-0.62	0.41
Change in payables	0.01	-0.05	-0.08	0.14	0.25	-0.24	0.17	-0.14	-0.09	0.06
Cash from operations	-0.08	0.17	-0.87	-0.81	-1.26	-5.14	-1.5	-0.55	0.16	-2.32
Sales and maturities of investments						0.82
Cash from investing	-0.03	-0.5	-0.23	-1.23	1.05	-0.01
Debt repaid						-0.56
Stock issued	0.16	0.02	1.16	3.4	0.51	2.22	0.32	0.15		0.65
Cash from financing	0.27	0.31	1.16	3.4	1.11	2.83	1.45	0.59	-0.21	2.27
Net change in cash	0.16	-0.02	0.06	1.35	0.89	-2.32	-0.05	0.03	-0.05	-0.05
Interest paid						0.03	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to May 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.12 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	98.8%	Gross profit / revenue.
Operating margin	32.8%	Operating income / revenue.
EBITDA margin	74.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-3.1%	Pre-tax income / revenue.
Net margin	-3.1%	Net income / revenue.
Operating cash flow margin	25.8%	Cash from operations / revenue.
Return on equity (ROE)	-11.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-3.1%	Net income / average total assets.
Return on invested capital (ROIC)	102.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	13.1%	Selling, general and administrative expense / revenue.
D&A / revenue	41.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	93.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	29.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	70.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	99.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y	87.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	286.3%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	59.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	40.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	168.4%	Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-1,529.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	110.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-8.7%	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	-5.0%	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	183.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.5%	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	6.2%	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	109.5%	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	154.5%	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	125.6%	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	0.08x	Current assets / current liabilities.
Quick ratio	0.06x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.02x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	73.9%	Total liabilities / total assets.
Working capital	-$6.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	92.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$6.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.99x	Revenue / average total assets.
Fixed asset turnover	9,576x	Revenue / average property, plant and equipment.
Receivables turnover	30.3x	Revenue / average receivables.
Days sales outstanding	12 days	365 x average receivables / revenue.
Days payables	4,137 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.06	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	$1.83	Revenue / diluted weighted shares.
Operating cash flow per share	$0.47	Cash from operations / diluted weighted shares.
Book value per share	$0.46	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$1.16	Tangible book value / shares outstanding.
Cash per share	$0.02	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$718.6K	Share price x shares outstanding.
Enterprise value	$602.8K	Market cap + total debt - cash - short-term investments.
P/S	0.07x	Market cap / revenue.
P/B	0.27x	Market cap / shareholders' equity. Only when equity is positive.
P/OCF	0.28x	Market cap / cash from operations, when positive.
EV/Sales	0.06x	Enterprise value / revenue.
EV/EBIT	0.18x	Enterprise value / operating income, when both are positive.
EV/EBITDA	0.08x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-43.6%	Net income / market cap (the inverse of P/E).

What was AI Era Corp.'s revenue in fiscal 2025?

AI Era Corp. reported revenue of $6.4M for fiscal 2025, 93% higher than the year before.

Was AI Era Corp. profitable in fiscal 2025?

Yes. Net income was $1.5M, a net margin of 22.9%.

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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