Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data 1606 CORP. 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
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.07
0.03
0.01
0
0.01
0
Cost of revenue
0.05
0.02
0.01
0
0.01
0
Gross profit
0.02
0.01
0
0
-0
0
Selling, general and administrative
0.05
0.54
1.56
4.12
0.49
Selling and marketing
0.09
0.13
0.54
1.71
General and administrative
0.24
0.31
Operating expenses
0.24
0.31
0.54
1.62
4.14
0.49
Operating income
-0.54
-1.62
-4.14
-0.49
Interest expense
-0.15
0.49
0.95
Other non-operating income
-0.38
-0.81
Pre-tax income
-0.23
-0.3
-0.54
-1.58
-4.51
-1.3
Income tax
0
0
0
0
0
0
Net income
-0.23
-0.32
-0.54
-1.58
-4.51
-1.3
EPS, basic
0.00
-0.01
EPS, diluted
0.00
-0.01
-0.03
-0.06
-0.01
Shares, basic (weighted)
37.1
37.1
37.1
47.3
Shares, diluted (weighted)
37.1
37.1
37.1
47.3
78.2
195
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0
0.01
0.11
0.05
0
0
Receivables
0
0
0
Inventory
0.05
0.03
0.11
0.07
0
Other current assets
0
0.01
0
0.01
0.02
Total current assets
0.23
0.15
0.01
0.02
Total assets
0.05
0.04
0.23
0.15
0.01
0.02
Accounts payable
0.3
Accrued liabilities
0
Short-term debt
0.05
0.19
0.93
Total current liabilities
0
0.22
0.83
1.56
2.21
3.24
Total liabilities
0
0.26
0.83
1.56
2.21
3.24
Total debt
0.95
2.06
Paid-in capital
0.07
0.24
1
4.72
4.96
Retained earnings
0
-0.3
-0.84
-2.42
-6.94
-8.23
Shareholders' equity
0.05
-0.22
-0.6
-1.41
-2.2
-3.22
Total equity
0.05
-0.22
-0.6
-1.41
-2.2
-3.22
Total liabilities and equity
0.05
0.04
0.23
0.15
0.01
0.02
Shares outstanding
0
37.1
37.1
58.6
113
472
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0.23
-0.3
-0.54
-1.58
-4.51
-1.3
Stock-based compensation
0.09
0
Change in receivables
0.03
0
0
-0
0
0
Change in inventory
0.01
0.02
-0.08
0.04
0
Change in payables
0.03
0.27
0.2
0.07
Cash from operations
-0.1
-0.26
-0.61
-0.75
-0.89
-0.46
Cash from investing
0
0
0
-0.09
0
0
Debt issued
0.64
Stock issued
0
0.08
0.16
0.41
0.37
0.08
Cash from financing
0.1
0.27
0.71
0.78
0.84
0.46
Net change in cash
0
0.01
0.1
-0.06
-0.05
-0
Interest paid
0
0
0
0
0
0
Income taxes paid
0
0
0
0
0
0
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 $0.00 on October 23, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-4,964.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-100.0%
Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
58.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-58.9%
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
-20.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
149.8%
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
73.9%
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
39.4%
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
0.01x
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.
Debt / assets
6,227.0%
Total debt / total assets.
Liabilities / assets
9,564.0%
Total liabilities / total assets.
Net debt
$2.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
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.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-1,538.0%
Net income / market cap (the inverse of P/E).
What was 1606 CORP.'s revenue in fiscal 2025?
1606 CORP. reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.
Was 1606 CORP. profitable in fiscal 2025?
No. It reported a net loss of $1.3M.
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.