Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BOLLINGER INNOVATIONS, 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
FY2016
FY2017
FY2018
FY2019
FY2021
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
54.3
60.1
65.8
65
65.7
0.37
1.09
Cost of revenue
45.7
51.2
55.6
54.7
55.9
0.27
16.9
Gross profit
8.58
8.83
10.2
10.3
9.84
0.09
-15.8
Research and development
1.67
3.01
21.7
77.4
74.9
Selling, general and administrative
10.6
9.76
9.34
7.02
Selling and marketing
0.16
0.41
4.41
8.44
General and administrative
8.8
10.6
9.76
10.4
19.4
75.3
216
182
Operating expenses
63.1
68.7
70.1
70.6
12.1
22.4
97
Operating income
-8.84
-8.6
-4.33
-5.59
-12.1
-4.49
-22.4
-97
-378
-392
Interest expense
0.85
1.19
0.85
1.11
1.45
4.99
49.4
Other non-operating income
0.41
0.24
0.79
1.46
0.01
-0.05
-5.65
-640
-118
Pre-tax income
-13.6
-10
-4.01
-5.32
-5.92
-44.2
-740
-1,018
-510
Income tax
0
0
0
-0.28
-11
-3.89
Net income to minority interests
-0.13
-0.11
-0.09
-0.11
-0.04
-0.79
-34.4
-48.8
Net income
-13.5
-9.91
-4.94
-6.46
-30.2
-5.94
-44.2
-740
-972
-457
EBITDA
-5.37
-6.06
-1.88
-2.46
-11.4
-1.46
-21.7
-93.7
-361
-370
EPS, basic
-23,272,044.00
-11,354,414.00
-2,883,661.00
-3,604,576.00
-11,782,458.00
-3,018,832.00
-19,284,482.00
-6,308,173.00
-15,739,644.00
-1,426.00
EPS, diluted
-23,272,075.00
-11,354,429.00
-2,883,665.00
-3,604,581.00
-11,782,473.00
-3,018,836.00
-19,284,507.00
-6,308,016.00
-157,405.00
-1,426.00
Shares, basic (weighted)
0
0
0
0
0
0
0
0
0
0.33
Shares, diluted (weighted)
0
0
0
0
0
0
0
0
0.01
0.33
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2021
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
0.62
11.3
1.65
0.49
0.03
4.54
0.04
54.1
155
10.3
Receivables
7.13
5.47
6.29
6.56
5.25
7.11
0.67
0.12
Inventory
16.8
37.5
Other current assets
1.47
2.28
1.75
1.62
0.2
1.84
0.25
1.96
25
14.8
Total current assets
9.22
19
9.69
8.67
15.3
14
6.81
86.3
198
63.2
Property, plant and equipment
0.12
0.06
0.03
0
1.54
1.18
14.8
82
82.2
Lease right-of-use assets
0.38
1.73
0.8
2.35
4.6
5.25
3.04
Goodwill
9.64
9.64
9.01
7.68
7.68
7.68
0
92.8
28.8
0
Intangible assets
3.59
3.13
6.44
5.68
2.62
3.6
2.5
93.9
104
27.1
Other non-current assets
0.6
0.46
0.6
0.63
0.76
0.78
4.33
3.35
0.96
3.18
Total assets
23.2
32.3
25.8
23
22
26.8
17.2
303
422
179
Accounts payable
7.51
6.79
6.37
6.04
2.69
7.17
5.21
6.11
13.2
41.3
Accrued liabilities
5.52
3.21
2.54
1.8
2.4
4.6
19.1
7.19
41.6
51.6
Deferred revenue
1.36
1.71
1.5
1.4
0.85
1.61
Short-term debt
0.81
2.49
0.43
0.91
33
1.33
39.2
3.86
7.46
5.4
Total current liabilities
15.5
14.7
11.2
10.4
58.2
15.1
71.2
122
140
183
Long-term debt
3.62
4.52
5.95
8.34
0.28
8.61
0.25
5.16
0
0
Lease liabilities
0.25
1.48
0.66
1.86
3.36
3.57
11.6
Other non-current liabilities
4.5
5.62
Total liabilities
19.1
19.2
17.2
19
64.5
24.3
78.9
146
149
195
Total debt
4.42
7.02
6.38
9.25
33.3
9.94
39.4
9.02
7.46
5.4
Paid-in capital
164
183
183
185
63.6
190
88.7
949
2,071
2,291
Retained earnings
-157
-167
-172
-179
-106
-185
-150
-890
-1,862
-2,319
Other comprehensive income
-2.49
-2.53
-2.23
-2.27
-2.21
-2.26
Shareholders' equity
-42.5
-44
-61.7
58.7
209
-28.6
Minority interests
0.07
-0.04
-0.13
-0.23
-0.27
-0.27
98.3
63.9
12
Total equity
4.06
13.1
8.6
4.04
-42.5
2.48
-61.7
157
273
-16.5
Total liabilities and equity
23.2
32.3
25.8
23
22
26.8
17.2
303
422
179
Shares outstanding
0
0
0
0
0
0
0
0
0
0
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2021
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
-13.6
-10
-5.02
-6.56
-30.2
-5.98
-44.2
-740
-1,007
-506
Depreciation and amortization
3.47
2.53
2.45
3.12
0.73
3.04
0.72
3.28
16.4
22
Stock-based compensation
3.46
2.94
0.14
2.05
1.04
2.72
4.97
43.7
85.4
40.4
Deferred income tax
0
0
0
0
0
-0.28
-11
-3.89
Change in receivables
-2.75
3
-1.5
-0.26
-0.58
0
0.55
Change in inventory
-17.8
-36.3
Change in payables
3.8
-2.94
0.97
-1.64
3.51
7.78
25.2
Cash from operations
-3.28
-5.07
-3.27
-2.15
-10.8
3.02
-17.5
-65.8
-179
-186
Capital expenditures
-0.19
-0.1
-0.11
-0.14
-0.27
-0.04
-11.6
-14.5
-14.7
Acquisitions
-29.6
0
-1.4
Cash from investing
-1.51
-1.84
-5.53
-2.45
-0.57
-1.82
-0.16
-47.2
-108
-16.1
Debt issued
3.68
2.13
3.03
Debt repaid
-1
-2.79
-0.16
-2.97
-20.7
-4.95
Stock issued
0
14.9
1.63
4.8
42.3
Share buybacks
-5.61
0
Cash from financing
4.43
17.6
-0.65
3.46
9.16
3.02
17.7
197
358
56.8
Exchange rate effect
-0.05
-0.02
-0.03
0.02
-0.02
Net change in cash
-0.4
10.6
-9.48
-1.13
-2.19
4.21
0.01
84.3
71.3
-145
Free cash flow
-3.47
-5.17
-3.38
-2.29
-11.1
-17.6
-77.4
-194
-200
Interest paid
0.61
1.07
0.77
0.73
0.8
1.06
0.02
1.41
0.12
0.04
Income taxes paid
0.09
0.09
0.26
0.12
0.27
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.06 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-338.9%
Gross profit / revenue.
Operating margin
-2,877.0%
Operating income / revenue.
EBITDA margin
-2,711.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-6,008.0%
Pre-tax income / revenue.
Net margin
-5,006.0%
Net income / revenue.
FCF margin
-1,228.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-1,175.0%
Cash from operations / revenue.
Return on assets (ROA)
-524.0%
Net income / average total assets.
R&D / revenue
574.3%
Research and development expense / revenue.
Stock-based pay / revenue
838.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
52.8%
Capital expenditures / revenue.
D&A / revenue
165.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
199.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-17,252.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-113.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-57.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
118.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
5,289.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
5,387.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.23x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$40,450.00
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
$808.03
Revenue / diluted weighted shares.
FCF per share
-$9,924.00
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$9,497.00
Cash from operations / diluted weighted shares.
Book value per share
-$1,084.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.03x
Market cap / revenue.
FCF yield
-41,519.0%
Free cash flow / market cap.
Earnings yield
-169,224.0%
Net income / market cap (the inverse of P/E).
What was BOLLINGER INNOVATIONS, INC.'s revenue in fiscal 2024?
BOLLINGER INNOVATIONS, INC. reported revenue of $1.1M for fiscal 2024, 199% higher than the year before.
Was BOLLINGER INNOVATIONS, INC. profitable in fiscal 2024?
No. It reported a net loss of $457.1M.
How much free cash flow did BOLLINGER INNOVATIONS, INC. generate in fiscal 2024?
Cash from operations of $185.6M minus capital expenditures of $14.7M left free cash flow of -$200.3M.
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.