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Financial statements

Aether Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Aether 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

FY2025FY2025
Revenue1.441.38
Cost of revenue0.450.4
Gross profit0.990.98
Research and development0.150.05
Selling and marketing0.130.55
General and administrative1.653.62
Operating expenses1.934.23
Other non-operating income0.12
Pre-tax income-0.94-3.14
Income tax00.01
Net income-0.94-3.14
EPS, basic-0.10-0.29
EPS, diluted-0.10-0.29
Shares, basic (weighted)9.511
Shares, diluted (weighted)9.511

Balance sheet

FY2025FY2025
Cash and equivalents0.190.16
Other current assets0.020.37
Total current assets0.724.78
Property, plant and equipment00
Intangible assets0
Total assets0.725.04
Accounts payable00.07
Accrued liabilities0.020.06
Deferred revenue0.380.36
Total current liabilities0.60.52
Total liabilities0.60.52
Paid-in capital2.169.7
Retained earnings-2.06-5.2
Shareholders' equity0.124.52
Total equity0.124.52
Total liabilities and equity0.725.04
Shares outstanding1012.1

Cash flow statement

FY2025FY2025
Net income-0.94-3.14
Depreciation and amortization00
Change in payables-0.110.09
Cash from operations-0.69-3.57
Capital expenditures-0
Acquisitions-0.11
Cash from investing-0.25
Stock issued1.517.73
Share buybacks-0.22
Cash from financing1.157.68
Net change in cash0.463.86
Free cash flow-3.57

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.70 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin79.3%Gross profit / revenue.
Pre-tax margin-378.1%Pre-tax income / revenue.
Net margin-378.5%Net income / revenue.
FCF margin-435.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-348.4%Cash from operations / revenue.
Return on equity (ROE)-504.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-109.8%Net income / average total assets.
Capex / revenue87.4%Capital expenditures / revenue.
D&A / revenue2.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-4.1%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-1.7%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y3,791.0%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y600.0%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y15.8%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 ratio3.37xCurrent assets / current liabilities.
Quick ratio0.32x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.32x(Cash + short-term investments) / current liabilities.
Liabilities / assets78.2%Total liabilities / total assets.
Working capital$1.9MCurrent assets - current liabilities.
Tangible book value$1.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.29xRevenue / average total assets.
Fixed asset turnover1.07xRevenue / average property, plant and equipment.
Days payables474 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.42Net 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$0.11Revenue / diluted weighted shares.
FCF per share-$0.48Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.39Cash from operations / diluted weighted shares.
Book value per share$0.08Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.08Tangible book value / shares outstanding.
Cash per share$0.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$45.3MShare price x shares outstanding.
Enterprise value$45.0MMarket cap + total debt - cash - short-term investments.
P/S33.7xMarket cap / revenue.
P/B44.9xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book44.9xMarket cap / tangible book value, when positive.
EV/Sales33.5xEnterprise value / revenue.
FCF yield-13.0%Free cash flow / market cap.
Earnings yield-11.2%Net income / market cap (the inverse of P/E).
What was Aether Holdings, Inc.'s revenue in fiscal 2025?

Aether Holdings, Inc. reported revenue of $1.4M for fiscal 2025, 4.1% lower than the year before.

Was Aether Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $3.1M.

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

Cash from operations of $3.6M minus capital expenditures of $1.8K left free cash flow of -$3.6M.

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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