Data Storage Corp financial statements

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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	4.38	8.26	8.89	8.48	9.32	14.9	23.9	25	1.22	1.38
Cost of revenue	3.1	4.91	5.43	4.75	5.43	8.46	15.8	15.4	0.69	0.77
Gross profit	1.28	3.35	3.46	3.74	3.9	6.42	8.08	9.58	0.53	0.61
Selling, general and administrative	1.91	3.43	3.12	3.53	3.9	7.18	9.84	9.74	3.84	4.19
General and administrative								1.01	1.07
Operating expenses						7.18	12.2	9.74	11
Operating income	-0.63	-0.08	0.34	0.21	-0	-0.77	-4.08	-0.17	-3.31	-3.57
Interest expense	0.23	0.11	0.1	0.18	0.18	0.13	0.14	0.07	0.12
Interest income	0	0	0	0	0		0.01	0.54	0.59	0.85
Other non-operating income	-0.29	-0.1	-0.1	-0.18	0.17	0.63	-0.33	0.47	0.47
Pre-tax income	-0.93	-0.19	0.24	0.03	0.17	-0.14	-4.41	0.3	-2.72	-2.72
Income tax						-0.4			-0.04	1.86
Income from continuing operations									-2.76	-0.87
Net income to minority interests		-0	-0.02	-0.04	-0.03	-0.01	-0.05	-0.08	-0.01	0.01
Net income	-0.93	-0.18	0.26	0.07	0.2	0.27	-4.36	0.38	0.52	19.2
EBITDA	-0.41	0.53	0.94	1.1	1.03	0.52	-2.85	1.13	-3.31	-3.57
EPS, basic	-0.02	0.00	0.00	0.00	0.02	0.05	-0.73	0.07	0.08	2.64
EPS, diluted	-0.02	0.00	0.00	0.00	0.02	0.03	-0.73	0.06	0.08	2.64
Shares, basic (weighted)	46.7	112	112	112	2.81	4.44	5.93	5.99	6.93	7.27
Shares, diluted (weighted)	46.7	112	115	112	2.95	5.55	5.93	6.5	6.93	7.27

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.26	0.11	0.23	0.33	0.89	12.1	2.29	1.43	1.07	1.99
Short-term investments							9.01	11.3	11.3	39
Receivables	0.81	0.41	0.53	0.69	0.55	2.38	3.5	1.26	0.06	0.03
Other current assets	0.23	0.12	0.17	0.08	0.24	0.54	0.58	0.51	0.12	0.1
Total current assets	1.29	0.63	0.93	1.1	1.69	15.1	15.4	14.5	15.4	42.6
Property, plant and equipment	0.18	1.62	1.29	2.19	2.3	1.94	2.21	2.73	0.01
Lease right-of-use assets				0.32	0.24	0.42	0.23	0.06	0.58
Goodwill	3.02	3.02	3.02	3.02	3.02	6.56	4.24	4.24	4.24
Intangible assets	1.27	1.04	0.85	0.65	0.46	2.25	1.98	1.7	1.43
Other non-current assets	0.05	0.08	0.07	0.07	0.05	9.34	0.05	0.05
Total assets	5.81	6.39	6.14	7.34	7.75	26.3	24.1	23.3	25.3	43
Accounts payable	0.37	1.09	0.99	0.91	0.98	1.34	3.21	2.61	0.59	0.84
Deferred revenue	0.92	0.57	0.44	0.43	0.46	0.37	0.28	0.34	0.21
Short-term debt						1.06	0.54	0.04
Total current liabilities	3.79	3.58	3.13	3.67	4.35	2.97	4.53	3.51	3.55	2.02
Long-term debt					0.11
Lease liabilities				0.23	0.15	0.23	0.07	0	0.52
Total liabilities	4.11	4.81	4.37	5.61	5.83	3.72	5.14	3.55	4.11	2.34
Total debt		0.29			0.48	1.06	0.54	0.04
Paid-in capital	17.2	17.4	17.4	17.5	17.7	38.2	39	39.5	40.4	40.7
Retained earnings	-15.6	-15.9	-15.7	-15.8	-15.7	-15.5	-19.9	-19.5	-19	0.22
Other comprehensive income									-0.02	-0.01
Shareholders' equity	-1.7	1.58	1.8	1.8	2.02	22.7	19.1	20	21.4	40.9
Minority interests		-0	-0.03	-0.07	-0.09	-0.1	-0.15	-0.24	-0.25	-0.24
Total equity	1.7	1.58	1.78	1.73	1.92	22.6	18.9	19.8	21.2	40.7
Total liabilities and equity	5.81	6.39	6.14	7.34	7.75	26.3	24.1	23.3	25.3	43
Shares outstanding	112	112	112	112	2.81	5.86	5.97	6.02	7.05	7.79

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-0.93	-0.19	0.24	0.03	0.17	0.26	-4.41	0.3	0.51	19.2
Depreciation and amortization	0.22	0.61	0.6	0.9	1.03	1.28	1.23	1.3	0	0.01
Stock-based compensation	0.05	0.18	0.03	0.04	0.16	0.17	0.73	0.51	0.5	1.01
Deferred income tax									0.04	0.27
Change in receivables	-0.25	0.4	-0.12	-0.16	0.14	-0.44	-1.12	2.12	-0.03	0.02
Change in payables	0.7	-0.27	-0.1	-0.08	0.04	-0.14	1.86	-0.6	0	0.24
Cash from operations	0.06	0.48	0.54	0.8	1.11	-0.36	0.66	3.87	1.74	-3.16
Capital expenditures				-0.04	-0.18	-0.46	-0.13	-1.55	-0	-0.02
Purchases of investments							-9.01	-2.31	-0.84	-38.9
Sales and maturities of investments									0.9	11.2
Cash from investing	0.24		-0.07	-0.04	-0.18	-6.42	-9.14	-3.85	-1.74	6.92
Debt repaid	-0.1	-0.05
Stock issued				0.01	0.01	16.9	0.01	0	0.13	0.96
Cash from financing	-0.11	-0.63	-0.35	-0.66	-0.36	18	-1.37	-0.88	-0.35	-1.35
Exchange rate effect									-0	0.01
Net change in cash	0.19	-0.15	0.12	0.1	0.57	11.2	-9.85	-0.86	-0.36	2.42
Free cash flow				0.76	0.93	-0.82	0.54	2.33	1.74	-3.18
Interest paid	0.23	0.11	0.1	0.18	0.17	0.12	0.13	0.07	0.02
Income taxes paid		0	0.01							3.97

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 $3.13 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	47.7%	Gross profit / revenue.
Operating margin	-309.2%	Operating income / revenue.
EBITDA margin	-308.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-246.5%	Pre-tax income / revenue.
Net margin	1,248.0%	Net income / revenue.
Operating cash flow margin	-350.9%	Cash from operations / revenue.
Return on equity (ROE)	174.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	162.3%	Net income / average total assets.
Return on invested capital (ROIC)	-35.1%	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 / revenue	356.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	121.5%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	0.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	13.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-61.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-31.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	16.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-57.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-30.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	3,571.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	149.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	3,200.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	158.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-281.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	-282.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	91.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	28.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	82.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	70.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	21.3%	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	40.9%	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	4.9%	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	7.1%	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	19.8%	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
Liabilities / assets	9.2%	Total liabilities / total assets.
Tangible book value	$10.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.13x	Revenue / average total assets.
Receivables turnover	31.5x	Revenue / average receivables.
Days sales outstanding	12 days	365 x average receivables / revenue.
Days payables	355 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.05	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	$0.65	Revenue / diluted weighted shares.
Operating cash flow per share	-$2.26	Cash from operations / diluted weighted shares.
Book value per share	$4.42	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.42	Tangible book value / shares outstanding.
Cash per share	$3.97	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$7.3M	Share price x shares outstanding.
Enterprise value	-$2.0M	Market cap + total debt - cash - short-term investments.
P/E	0.41x	Market cap / net income. Only when net income is positive.
P/S	5.06x	Market cap / revenue.
P/B	0.71x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.71x	Market cap / tangible book value, when positive.
Earnings yield	246.9%	Net income / market cap (the inverse of P/E).

What was Data Storage Corp's revenue in fiscal 2025?

Data Storage Corp reported revenue of $1.4M for fiscal 2025, 13.4% higher than the year before.

Was Data Storage Corp profitable in fiscal 2025?

Yes. Net income was $19.2M, a net margin of 1,388.7%.

How much free cash flow did Data Storage Corp generate in fiscal 2025?

Cash from operations of $3.2M minus capital expenditures of $16.0K left free cash flow of -$3.2M.

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.

Open interactive statements, quarterly figures and charts

Back to Data Storage Corp