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Financial statements

AZIO AI HOLDINGS, INC. financial statements

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

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0.070.435.0112.60.092.044.52.861.875.94
Cost of revenue0.050.484.8811.60.071.282.771.861.3819.1
Gross profit0.02-0.050.130.930.020.761.731.010.49-13.2
Research and development0.040.590.690.1100.060.150.240.190.73
General and administrative9.418.710.75.710.368.2488.178.1511.3
Operating expenses9.5521.511.56.150.438.4945.613.78.4125.5
Operating income-9.53-21.6-11.4-5.21-0.41-7.72-43.8-12.7-7.92-38.7
Interest expense1.150.32
Other non-operating income-1.15-0.30.330.0600.290.040.03-0.93-0.45
Pre-tax income-10.7-21.9-11-5.15-0.41-7.43-43.8-12.7-8.85-39.1
Income tax0-0.220.220000
Net income-10.7-21.9-11-5.15-0.28-7.65-43.8-12.7-8.85-39.1
EBITDA-9.52-21.6-11.3-5.16-0.39-7.65-43.8-12.6-7.73-37.7
EPS, basic-7,399,680.00-15,261,840.00-6,937,200.00-3,237,360.00-2,774,880.00-6.65-28.99-8.34-5.46-11.54
EPS, diluted-7,399,683.00-15,261,847.00-6,937,203.00-3,237,361.00-2,774,881.00-0.30-28.99-8.34-5.46-11.54
Shares, basic (weighted)000001.151.511.521.623.39
Shares, diluted (weighted)0000023.11.511.521.623.39

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.942.453.764.430.144.852.770.461.940.36
Short-term investments3.952.7782.340
Receivables010.660.011.432.070.691.01
Inventory0.310.2300.4903.855.676.836.420
Other current assets1.040.7800.040.0200.160.160.10.19
Total current assets2.754.4510.29.641.942318.312.117.63.48
Property, plant and equipment0.420.490.150.110.230.270.370.320.590.48
Lease right-of-use assets0.290.2200.540.110.49
Goodwill51.814.79.5810.10
Intangible assets03.970
Long-term investments0.12
Other non-current assets0.120.390.50.570.240.240.090.150.260.22
Total assets3.415.3210.810.32.4175.333.522.732.74.67
Accounts payable0.110.030.340.420.350.240.60.761.473.58
Accrued liabilities0.240.510.970.652.381.280.650.452.072.26
Deferred revenue04.241.54
Total current liabilities6.112.693.016.892.731.551.471.7711.713.3
Long-term debt0.150.010.020.0100
Lease liabilities0.150.2200.2400.31
Other non-current liabilities0.290.220.150.2200
Total liabilities6.112.983.237.042.881.571.492.0211.713.6
Total debt5.772.150.283.380.49
Paid-in capital18.445.361.662.568.281.983.985.294.4104
Retained earnings-21.1-43-54-59.2-0.47-8.12-51.9-64.6-73.5-113
Shareholders' equity-2.712.347.6-0.19-0.4773.73220.620.9-8.93
Total equity-2.712.347.6-0.19-0.4773.73220.620.9-8.93
Total liabilities and equity3.415.3210.810.32.4175.333.522.732.74.67
Shares outstanding000001.51.511.531.997.74

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-10.7-21.9-11-5.15-0.28-7.65-43.8-12.7-8.85-39.1
Depreciation and amortization0.010.020.040.050.020.070.10.130.190.96
Stock-based compensation7.57156.410.770.353.411.611.321.890.64
Change in receivables-10.34-0.2-1.42-0.891.36-0.33
Change in inventory-0.310.21-0.490.14-3.2-1.82-1.160.410.39
Change in payables0.2-0.080.310.080.08-0.240.370.110.712.11
Cash from operations-2.91-5.58-4.51-4.581.53-12.9-7.43-4.71-3.5-5.59
Capital expenditures-0.41-0.11-0.08-0.01-0.07-0.03-0.17-0.04-0.43-0.18
Acquisitions3.3700-4.280
Purchases of investments-3.93-16.2-3.940
Sales and maturities of investments8.21
Cash from investing-0.87-0.61-3.711.13-0.07-4.685.512.31-4.71-0.18
Debt issued1.040.50.470.650.25
Debt repaid-0.01-3.61-2.15-0.43-0.57-0.48
Stock issued0.1912.6110.015.4321.10.120
Cash from financing0.187.79.534.130.1520.6-0.160.049.74.18
Net change in cash1.310.671.612.98-2.08-2.371.48-1.58
Free cash flow-3.32-5.69-4.59-4.61.45-13-7.6-4.75-3.94-5.76
Interest paid0.410.350.040.150.140.010.020.010.030.01
Income taxes paid00

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 $1.28 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin-130.0%Gross profit / revenue.
Operating margin-321.9%Operating income / revenue.
EBITDA margin-318.1%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-331.8%Pre-tax income / revenue.
Net margin-331.8%Net income / revenue.
FCF margin-1,353.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-1,302.0%Cash from operations / revenue.
Return on assets (ROA)-196.5%Net income / average total assets.
R&D / revenue0.7%Research and development expense / revenue.
Stock-based pay / revenue19.1%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue51.2%Capital expenditures / revenue.
D&A / revenue3.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y217.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y9.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y131.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-2,800.0%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-142.7%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-85.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-48.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y109.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y31.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.15xCurrent assets / current liabilities.
Quick ratio0.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Debt / assets68.9%Total debt / total assets.
Liabilities / assets179.6%Total liabilities / total assets.
Net debt$10.6MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital-$22.8MCurrent assets - current liabilities.
Tangible book value-$12.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.59xRevenue / average total assets.
Fixed asset turnover1.00xRevenue / average property, plant and equipment.
Days inventory0 days365 x average inventory / cost of revenue.
Days payables142 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$2.13Net 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$0.64Revenue / diluted weighted shares.
FCF per share-$8.69Free cash flow / diluted weighted shares.
Operating cash flow per share-$8.36Cash from operations / diluted weighted shares.
Book value per share-$0.91Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.91Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$16.6MShare price x shares outstanding.
Enterprise value$27.1MMarket cap + total debt - cash - short-term investments.
P/S1.80xMarket cap / revenue.
EV/Sales2.94xEnterprise value / revenue.
FCF yield-753.0%Free cash flow / market cap.
Earnings yield-184.7%Net income / market cap (the inverse of P/E).
What was AZIO AI HOLDINGS, INC.'s revenue in fiscal 2025?

AZIO AI HOLDINGS, INC. reported revenue of $5.9M for fiscal 2025, 217.6% higher than the year before.

Was AZIO AI HOLDINGS, INC. profitable in fiscal 2025?

No. It reported a net loss of $39.1M.

How much free cash flow did AZIO AI HOLDINGS, INC. generate in fiscal 2025?

Cash from operations of $5.6M minus capital expenditures of $176.8K left free cash flow of -$5.8M.

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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