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Financial statements

Big Digital Energy, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Big Digital Energy, 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0.01-004.4543.984.443.659.339.8
Cost of revenue3.169.947.728.63922.4
Gross profit1.293436.71520.317.3
Research and development0.240.450.690.490.43
Selling, general and administrative2.4816.125.919.218.322.7
General and administrative0.791.032.942.682.01
Operating expenses0.637.176.680.875.351.436.6
Operating income-1.03-1.48-3.63-3.17-2.44-42.7-44.1-60.3-31.2-19.3
Interest expense0.020.021.646.063.053.13.37
Other non-operating income-0.11-1.490.35-0.28-2.49-9.947.72-14.2-4.35
Pre-tax income-1.14-2.97-3.28-11.3-4.93-45.2-54-52.6-45.4-23.6
Income tax0.130.285.950.980.01
Income from continuing operations-5.81-42.7
Net income to minority interests-0.03-0.5-1.271.88-0.21
Net income-1.14-2.97-3.28-3.45-5.06-45-52.8-60.4-46.1-23.7
EBITDA-1.03-1.48-3.63-3.172.18-28.619.1-22.2-13.3-13.7
EPS, basic114.89-260.01-184.42-108.84-96.75-652.70-83.12-77.13-51.75-20.11
EPS, diluted114.89-260.01-184.42-108.84-96.75-109.01-83.12-77.13-51.75-20.11
Shares, basic (weighted)0.010.010.020.030.050.070.640.780.891.18
Shares, diluted (weighted)0.010.010.020.030.050.070.640.780.891.18

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.040.223.180.721.115.470.954.486.0913.3
Other current assets0.030.040.180.380.070.333.493.564.753.68
Total current assets0.070.593.41.151.7511.420.320.12627.5
Property, plant and equipment00.010.010.017.0276.99157.728.122.6
Lease right-of-use assets0.020.043.972.822.313.983.24
Long-term investments0.012.830.333.24
Other non-current assets0.25
Total assets0.070.63.41.189.814513384.861.457.4
Accounts payable0.010.040.310.371.3110.632.539.432.1
Accrued liabilities0.092.164.011.852.27
Short-term debt0.030.2911.123.619.420.925.2
Total current liabilities0.823.693.190.642.1920.135.553.361.958.8
Long-term debt4.510.05
Lease liabilities0.022.961.731.022.521.72
Total liabilities0.90.250.250.252.2330.757.254.464.760.6
Total debt28,120,47719.420.925.2
Paid-in capital23.423.430.334.535.1194211225249
Retained earnings-23.5-26.5-30-33.9-26.2-71.1-122-183-229-252
Treasury stock-0.75
Other comprehensive income0.01-0.05-0.07-0.07-1.34-0.525.020.610.20.37
Shareholders' equity-0.83-3.10.217.437.5911577.129.2-3.24-3.12
Minority interests-0.03-0.16-0.911.15
Total equity-0.83-3.10.216.977.5611576.230.4-3.24-3.12
Total liabilities and equity0.070.63.41.189.814513384.861.457.4
Shares outstanding0.010.010.030.050.520.10.680.830.943.62

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-1.14-2.97-3.28-3.45-5.06-45.5-54-58.5-46.3-23.7
Depreciation and amortization00004.6214.163.238.117.95.6
Stock-based compensation0.070.021.290.820.2522.53.0110.814.18.98
Deferred income tax0.370.27-0.32
Change in payables-0.04
Cash from operations-0.87-1.36-2.21-2.06-0.192314.3-2.553.56-6.9
Capital expenditures-0-0-0.01-5.51-76.8-50-5.35-1.96-0.15
Sales and maturities of investments0.176.93
Cash from investing-0-00.25-5.54-128-32.510.7-1.12-0.11
Debt repaid-0.01-0.23-28-12.5-0.5
Stock issued0.026.76.1914.6
Cash from financing0.471.544.91-0.366.2311014-4.65-0.8314.2
Exchange rate effect0.010.0200.03-0.21-0.22-0.02
Net change in cash-0.40.192.96-2.420.534.35-4.523.531.617.18
Free cash flow-0.88-1.37-2.21-5.69-53.9-35.7-7.91.6-7.05
Interest paid0.655.881.420.020.02
Income taxes paid0.9

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 $5.76 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin36.9%Gross profit / revenue.
Operating margin-101.3%Operating income / revenue.
EBITDA margin-83.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-80.4%Pre-tax income / revenue.
Net margin-80.7%Net income / revenue.
FCF margin-90.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-90.5%Cash from operations / revenue.
Return on equity (ROE)-177.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-37.0%Net income / average total assets.
Return on invested capital (ROIC)-83.6%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 / revenue89.8%Selling, general and administrative expense / revenue.
Stock-based pay / revenue25.6%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.5%Capital expenditures / revenue.
D&A / revenue17.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-32.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-22.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y55.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-14.5%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-22.1%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y68.1%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-293.7%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-539.2%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-6.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-24.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y42.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y32.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y22.8%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, 5y86.5%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.71xCurrent assets / current liabilities.
Quick ratio0.35x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.35x(Cash + short-term investments) / current liabilities.
Debt / equity2.41xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets50.3%Total debt / total assets.
Liabilities / assets79.2%Total liabilities / total assets.
Net debt$13.8MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-7.48xOperating income / interest expense.
Working capital-$13.7MCurrent assets - current liabilities.
Tangible book value$12.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.46xRevenue / average total assets.
Fixed asset turnover1.35xRevenue / average property, plant and equipment.
Days payables314 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.98Net 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$4.93Revenue / diluted weighted shares.
FCF per share-$4.48Free cash flow / diluted weighted shares.
Operating cash flow per share-$4.46Cash from operations / diluted weighted shares.
Book value per share$2.20Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.20Tangible book value / shares outstanding.
Cash per share$2.88(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$32.6MShare price x shares outstanding.
Enterprise value$46.4MMarket cap + total debt - cash - short-term investments.
P/S1.19xMarket cap / revenue.
P/B2.62xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.62xMarket cap / tangible book value, when positive.
EV/Sales1.69xEnterprise value / revenue.
FCF yield-76.3%Free cash flow / market cap.
Earnings yield-67.7%Net income / market cap (the inverse of P/E).
What was Big Digital Energy, Inc.'s revenue in fiscal 2025?

Big Digital Energy, Inc. reported revenue of $39.8M for fiscal 2025, 32.9% lower than the year before.

Was Big Digital Energy, Inc. profitable in fiscal 2025?

No. It reported a net loss of $23.7M.

How much free cash flow did Big Digital Energy, Inc. generate in fiscal 2025?

Cash from operations of $6.9M minus capital expenditures of $149.0K left free cash flow of -$7.0M.

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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