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Financial statements

DYNARESOURCE, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data DYNARESOURCE, 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
Revenue9.510.914.111.69.0535.939.835.646.558.5
Gross profit-1.417.3
General and administrative2.782.612.22.052.973.774.138.534.166.19
Operating expenses7.9811.516.613.311.722.73750.85.547.61
Operating income1.52-0.63-2.53-1.65-2.6813.22.77-15.2-6.949.67
Interest expense1.570.450.571.71.61
Other non-operating income-0.023.161.570.79-2.69-4.621.34-0.24-1.25-0.47
Pre-tax income1.52.53-0.97-0.86-5.378.564.11-15.5-8.189.19
Income tax000000.03-2.58-0.930.345.38
Net income to minority interests0.350.130.380.060.06
Net income1.52.53-0.97-0.86-5.378.536.69-14.5-8.523.82
EBITDA1.59-0.47-2.53-1.65-2.6813.22.77-15.2-6.910.7
EPS, basic0.100.15-0.04-0.05-0.310.470.33-0.65-0.350.12
EPS, diluted0.100.14-0.04-0.05-0.310.470.29-0.65-0.350.13
Shares, basic (weighted)16.717.117.717.717.717.819.522.724.729.3
Shares, diluted (weighted)18.618.917.717.717.717.822.922.724.737.9

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2.23.532.690.351.515.70000
Receivables0.720.881.210
Inventory0.560.911.590.520.62.722.722.091.581.6
Other current assets0.070.040.370.340.580.671.151.140.660.69
Total current assets4.375.536.573.626.8223.833.114.112.210.2
Property, plant and equipment0.581.70.010.010.01000.10.085.23
Lease right-of-use assets00.810.740.650.550.850.730.5
Total assets9.1711.510.98.7411.928.840.935.438.557.6
Accounts payable0.850.81.072.062.271.282.062.774.8911.6
Accrued liabilities1.372.062.781.783.395.445.767.739.86
Short-term debt0.960.950.711.641.981.96
Total current liabilities8.517.368.356.9712.622.521.324.430.541.9
Long-term debt00.241.10.630.1006.67
Lease liabilities00.770.690.590.560.830.70.51
Other non-current liabilities00.27
Total liabilities8.517.599.459.1417.223.121.925.831.852.8
Total debt0.961.191.82.272.081.96
Paid-in capital55.156.656.656.650.450.656.961.569.170.2
Retained earnings-53.6-50.9-53.2-54-59.3-50.7-44-58.6-69.2-65.4
Treasury stock3.182.22-2.22-2.22-1.47-0.030-0.10-0.1
Other comprehensive income3.771.271.250.330.44-0.250.110.7-1.79-8.65
Shareholders' equity2.344.982.71-4.73-9.67-0.1513.21.741.02-1.09
Minority interests-6.01-5.43-5.615.720
Total equity-3.68-2.11-2.9-4.73-9.67-0.1513.21.741.02-1.09
Total liabilities and equity9.1711.510.98.7411.928.840.935.438.557.6
Shares outstanding16.717.717.717.717.718.122.223.423.430.1

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income1.52.53-0.97-0.86-5.37-8.536.6914.5-8.133.82
Depreciation and amortization0.080.150.0100000.010.031
Stock-based compensation0.880.881.221.25
Deferred income tax-0.4400-2.97-0.61-0.553.59
Change in receivables-0.370.13-0.75-0.03-0.260.26-0.15-0.16-0.331.21
Change in inventory-0.53-0.35-0.681.070.08-1.51-0.610.630.23-1.23
Change in payables0.06-0.051.480.990.21-10.780.712.938.18
Cash from operations0.542.06-0.53-1.32-2.4217.5-1.78-17.7-8.015.76
Capital expenditures-0.15-1.27-0000-0.12-0.01-2.61
Cash from investing-0.15-1.270.0200-0.12-0.01-11.5
Debt issued012
Debt repaid0-0.17-0.4-0.11-0.07-0.06-0.09
Stock issued02.500560
Dividends paid-0.160-0.17-0.19
Cash from financing-0.312.33-0.51-0.113.59-2.564.783.678.55.06
Exchange rate effect0.19-1.780.18-0.9-0.02-0.740.460.53-1.30.1
Net change in cash0.271.33-0.84-2.331.1514.23.46-13.6-0.82-0.61
Free cash flow0.390.79-0.54-1.32-2.42-1.78-17.8-8.023.14
Interest paid0.120.160.40.20.210.580.0600.961.72
Income taxes paid0000000.030.200

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 $0.88 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Gross margin28.5%Gross profit / revenue.
Operating margin15.7%Operating income / revenue.
EBITDA margin17.9%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin18.9%Pre-tax income / revenue.
Net margin10.1%Net income / revenue.
FCF margin7.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin11.1%Cash from operations / revenue.
Effective tax rate46.6%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)138.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)9.5%Net income / average total assets.
Return on invested capital (ROIC)115.5%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%.
Stock-based pay / revenue2.1%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.5%Capital expenditures / revenue.
D&A / revenue2.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y25.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y13.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y45.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 3y51.7%Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 3y56.7%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 3y-17.0%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y-23.5%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-207.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y49.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y12.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y37.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y53.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y18.3%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, 5y16.4%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 ratio0.15xCurrent assets / current liabilities.
Quick ratio0.00x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets83.6%Total liabilities / total assets.
Interest coverage5.59xOperating income / interest expense.
Working capital-$38.4MCurrent assets - current liabilities.
Tangible book value$4.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.95xRevenue / average total assets.
Fixed asset turnover10.5xRevenue / average property, plant and equipment.
FCF conversion75.3%Free cash flow / net income, when net income is positive.
Capex / operating cash flow31.7%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$0.16Net 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$1.55Revenue / diluted weighted shares.
FCF per share$0.12Free cash flow / diluted weighted shares.
Operating cash flow per share$0.17Cash from operations / diluted weighted shares.
Book value per share$0.14Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.14Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$26.5MShare price x shares outstanding.
Enterprise value$26.5MMarket cap + total debt - cash - short-term investments.
P/E4.52xMarket cap / net income. Only when net income is positive.
P/S0.45xMarket cap / revenue.
P/B6.26xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book6.26xMarket cap / tangible book value, when positive.
P/FCF6.00xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF4.10xMarket cap / cash from operations, when positive.
EV/Sales0.45xEnterprise value / revenue.
EV/EBIT2.89xEnterprise value / operating income, when both are positive.
EV/EBITDA2.54xEnterprise value / EBITDA, when both are positive.
EV/FCF6.00xEnterprise value / free cash flow, when both are positive.
FCF yield16.7%Free cash flow / market cap.
Earnings yield22.1%Net income / market cap (the inverse of P/E).
What was DYNARESOURCE, INC.'s revenue in fiscal 2025?

DYNARESOURCE, INC. reported revenue of $58.5M for fiscal 2025, 25.7% higher than the year before.

Was DYNARESOURCE, INC. profitable in fiscal 2025?

Yes. Net income was $3.8M, a net margin of 6.5%.

How much free cash flow did DYNARESOURCE, INC. generate in fiscal 2025?

Cash from operations of $5.8M minus capital expenditures of $2.6M left free cash flow of $3.1M.

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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