Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Core 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
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
11
9.81
5.99
7.55
6.48
8.23
34.9
55.2
Cost of revenue
9.39
7.12
4.41
5.68
5.09
5.58
33.3
55.5
Gross profit
1.59
2.69
1.58
1.87
1.39
2.66
1.49
-0.3
Research and development
0.76
0.56
0.85
0.34
0.58
0.63
General and administrative
2.26
2.32
2.86
0.53
6.57
Operating income
-10.7
-20.4
-16.6
-10.5
-0.37
-7.12
Interest expense
1.18
1.38
5.95
5.11
Interest income
0.71
Pre-tax income
23.6
15.3
12.9
-0.37
-7.18
Income tax
0
0.01
Income from continuing operations
-0.37
-7.19
Net income
-8.9
0.12
-13.6
-23.6
-15.3
-12.9
-0.37
-31.6
EBITDA
-9.44
-19.4
-15.4
-8.77
1.31
EPS, basic
-117,914.00
-62,759.00
-92,164.00
-10,183.00
-154.66
EPS, diluted
-117,915.00
-62,759.00
-92,164.00
-10,183.00
-154.66
Balance sheet
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.78
2.66
0.16
1.62
1.91
0.9
5.56
1.93
Receivables
0.68
1.49
2.74
1.54
1.57
1.18
9.12
5.69
Inventory
3.66
3.38
2.41
2.4
4.09
3.54
3.94
Other current assets
0.89
1.33
Total current assets
6.77
8.44
23.1
6.19
7.91
6.7
19.6
12.8
Property, plant and equipment
0.04
0.04
0.06
0.27
0.21
0.18
0
0
Lease right-of-use assets
0.2
0.38
1.08
0.89
0.63
0.58
0.29
Goodwill
0.75
0.79
0.8
0.05
Intangible assets
5.5
6.47
6.55
4.35
6.99
7.86
8.29
Long-term investments
0.29
Total assets
13.1
16.1
31.1
12.1
16.1
15.5
19.6
13.4
Accounts payable
2.93
1.97
2.62
2.65
3.08
3.45
15
8.25
Short-term debt
-0.04
-0.06
Total current liabilities
3.42
3.29
9.4
6.86
5.42
17.4
10.3
Lease liabilities
0.08
0.21
0.79
0.64
0.39
0.34
Total liabilities
6.43
7.65
9.81
9.56
6.9
5.81
17.4
10.3
Total debt
0.07
1.02
0.94
0.09
2.08
Retained earnings
-17.6
-25.3
-38.9
-62.5
-77.8
-90.8
-0.37
-32
Other comprehensive income
-0.02
-0
Shareholders' equity
2.57
2.18
3.1
Total equity
6.63
8.48
21.3
2.49
9.24
9.71
3.92
3.1
Total liabilities and equity
13.1
16.1
31.1
12.1
16.1
15.5
19.6
13.4
Shares outstanding
19.9
Cash flow statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-8.9
0.12
-13.6
-23.6
-15.3
-12.9
-0.37
-31.6
Depreciation and amortization
0.54
1.17
1.28
1.01
1.14
1.75
1.68
Change in receivables
3.43
3.71
Change in payables
-7.15
-7.94
Cash from operations
-2.27
-6.73
-9.99
-12.6
-13.9
-8.34
-0.05
-6.65
Capital expenditures
-0
-0.02
-0.22
-0.01
-0
-0.02
Acquisitions
5.63
0
Cash from investing
-2.22
-2.38
-1.53
-3.12
-3.56
-2.27
5.63
3.01
Debt issued
-0.03
-0.05
Stock issued
0.32
28.2
10
24.1
5.78
Cash from financing
2.92
9.51
25.3
1.01
17.6
9.6
0
Exchange rate effect
-0.14
0.49
-0.02
-0.17
0.14
-0.02
0.01
Net change in cash
-1.72
0.88
13.8
-14.8
0.29
-1.01
5.56
-3.63
Free cash flow
-2.28
-10
-12.8
-13.9
-8.35
-0.07
Interest paid
0.1
0.7
2.88
Income taxes paid
0
0.02
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.27 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-0.5%
Gross profit / revenue.
Operating margin
-12.9%
Operating income / revenue.
Pre-tax margin
-13.0%
Pre-tax income / revenue.
Net margin
-57.2%
Net income / revenue.
Operating cash flow margin
-12.0%
Cash from operations / revenue.
Return on equity (ROE)
-1,196.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-191.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
58.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
104.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
55.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-120.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
42.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-31.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-6.0%
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
-15.5%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.24x
Current assets / current liabilities.
Quick ratio
0.74x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.19x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/S
0.10x
Market cap / revenue.
P/B
1.75x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.75x
Market cap / tangible book value, when positive.
EV/Sales
0.06x
Enterprise value / revenue.
Earnings yield
-583.0%
Net income / market cap (the inverse of P/E).
What was Core AI Holdings, Inc.'s revenue in fiscal 2025?
Core AI Holdings, Inc. reported revenue of $55.2M for fiscal 2025, 58.4% higher than the year before.
Was Core AI Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $31.6M.
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.