Artificial Intelligence Technology Solutions Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Artificial Intelligence Technology Solutions 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
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
0.11
0.11
0.26
0.36
1.45
1.33
2.23
6.13
7.75
Cost of revenue
0.05
0
0.08
0.1
0.47
0.68
1.66
2.39
2.21
Gross profit
0.06
0.11
0.18
0.26
0.97
0.65
0.57
3.74
5.53
Research and development
0.49
0.54
0.33
0.38
2.96
3.63
3.45
3.46
4.13
General and administrative
0.3
2.39
2.8
1.54
2.75
10.9
8.98
9.96
13.6
12.9
Operating expenses
3.58
3.52
1.96
3.26
14.3
13.3
14.6
17.7
17.5
Operating income
-0.3
-3.52
-3.41
-1.78
-2.99
-13.4
-12.7
-14
-13.9
-11.9
Interest expense
0.81
12.4
6.75
3.47
3.38
16.1
5.43
6.76
5.46
6
Other non-operating income
34.1
-20.7
19.5
-4.43
-2.9
-48.8
-5.42
-6.72
-4.99
-2.57
Net income
33.8
-24.2
16.1
-6.21
-5.9
-62.2
-18.1
-20.7
-18.9
-14.5
EBITDA
-0.3
-3.39
-3.3
-1.68
-2.87
-13.1
-12.2
-13.1
-12.5
-9.82
EPS, basic
20,929.00
-1,826.00
5,805.00
-31.46
-0.01
-0.02
0.00
0.00
-0.16
-0.07
EPS, diluted
327.74
-1,826.00
-46.82
-31.46
-0.01
-0.02
0.00
0.00
-0.16
-0.07
Shares, basic (weighted)
0
0.01
0
0.2
1,015
4,030
5,092
7,081
116
203
Shares, diluted (weighted)
0.11
0.01
0
0.2
1,015
4,030
5,092
7,081
116
203
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
0.06
0.02
0.02
0.01
1.04
4.65
0.94
0.11
0.87
0.11
Receivables
0.01
0.03
0.04
0.05
0.1
0.43
0.27
0.76
1.37
1
Inventory
0.32
0.27
0.02
0.06
1.53
1.64
2.13
1.58
1.32
Other current assets
0.08
0.02
0.44
0.6
0.62
0.79
0.5
Total current assets
0.21
0.49
0.37
0.09
1.21
7.05
3.44
3.62
5.03
2.94
Property, plant and equipment
0.05
0.16
0.04
0.02
0.03
0.14
0.32
0.27
0.26
0.18
Lease right-of-use assets
0.05
1.33
1.21
1.14
1.01
0.93
Intangible assets
0.06
Total assets
0.34
0.74
0.59
0.34
1.57
9.28
6.3
7.6
11
9.3
Accounts payable
0.01
0.49
1.49
1.14
1.37
0.97
1.34
2.03
2.12
3.01
Deferred revenue
0.01
0.01
0.01
0.01
0.01
0.01
0.07
0.09
0.15
Short-term debt
0
0
0.01
0
0
0
0
13.9
0.52
9.48
Total current liabilities
0.1
34.8
15.7
19.7
4.41
4.55
15.1
21.7
7.58
20
Long-term debt
15.6
14.8
31.9
24.2
Lease liabilities
0
1.06
0.95
0.89
0.81
0.68
Total liabilities
0.51
35
16.4
21.5
16.1
30.3
38.1
47.8
60.5
62
Total debt
13.9
0.52
9.48
Paid-in capital
0.01
1.23
3.4
4.33
16.8
73
80.2
92.6
106
118
Retained earnings
-0.18
-35.5
-19.4
-25.6
-31.5
-94.1
-112
-133
-156
-171
Shareholders' equity
-0.17
-34.3
-15.8
-21.1
-14.5
-21
-31.8
-40.2
-49.9
-53.2
Total equity
-0.17
-34.3
-15.8
-21.1
-14.5
-21
-31.8
-40.2
-49.9
-53.2
Total liabilities and equity
0.34
0.74
0.59
0.34
1.57
9.28
6.3
7.6
11
9.3
Shares outstanding
0
0
0.02
0.42
3,229
4,735
5,849
9,239
144
268
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
33.8
-24.2
16.1
-6.21
-5.9
-62.2
-18.1
-20.7
-18.9
-14.5
Depreciation and amortization
0
0.13
0.11
0.1
0.12
0.23
0.48
0.85
1.48
2.12
Stock-based compensation
0
0.01
0
0.36
2.16
0.74
1.79
1.83
1.82
Change in receivables
-0.02
-0.01
-0.01
-0.07
-0.34
0.12
-0.53
Change in payables
0.11
0.34
1.22
0.16
0.09
-0.6
0.37
Cash from operations
-0.18
-3.31
-1.8
-1.54
-3.07
-14.8
-12.6
-13
-12.2
-9.34
Capital expenditures
-0.26
-0.02
-0.02
-0.01
Purchases of investments
-0.05
-0.05
Cash from investing
-0.24
-0.2
-0.02
-0.04
-0.13
-0.31
0
-0.08
-0.01
Debt issued
0.05
Stock issued
10.8
12.7
5.22
Cash from financing
0.19
3.52
2
1.55
4.15
18.6
9.18
12.1
13
8.6
Net change in cash
0
-0.03
-0
-0.01
1.03
3.6
-3.71
-0.83
0.76
-0.76
Free cash flow
-12.8
-13
-12.2
-9.36
Interest paid
0
0.02
0
0.04
0.32
0.23
0.45
0.02
0.09
0.19
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 $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
71.0%
Gross profit / revenue.
Operating margin
-148.6%
Operating income / revenue.
EBITDA margin
-133.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-202.4%
Net income / revenue.
FCF margin
-114.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-113.7%
Cash from operations / revenue.
Return on assets (ROA)
-172.2%
Net income / average total assets.
R&D / revenue
50.8%
Research and development expense / revenue.
Stock-based pay / revenue
23.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.2%
Capital expenditures / revenue.
D&A / revenue
15.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
26.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
79.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
84.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
47.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
103.8%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
84.0%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-15.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
13.9%
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
42.8%
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
74.2%
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
-65.8%
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
-27.5%
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
0.07x
Current assets / current liabilities.
Quick ratio
0.02x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Debt / assets
305.8%
Total debt / total assets.
Liabilities / assets
712.8%
Total liabilities / total assets.
Net debt
$27.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.05
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.
FCF per share
-$0.03
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.03
Cash from operations / diluted weighted shares.
Book value per share
-$0.14
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.15x
Market cap / revenue.
EV/Sales
3.73x
Enterprise value / revenue.
FCF yield
-757.6%
Free cash flow / market cap.
Earnings yield
-1,346.0%
Net income / market cap (the inverse of P/E).
What was Artificial Intelligence Technology Solutions Inc.'s revenue in fiscal 2026?
Artificial Intelligence Technology Solutions Inc. reported revenue of $7.7M for fiscal 2026, 26.3% higher than the year before.
Was Artificial Intelligence Technology Solutions Inc. profitable in fiscal 2026?
No. It reported a net loss of $14.5M.
How much free cash flow did Artificial Intelligence Technology Solutions Inc. generate in fiscal 2026?
Cash from operations of $9.3M minus capital expenditures of $10.9K left free cash flow of -$9.4M.
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.