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Financial statements

FOXO TECHNOLOGIES INC. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data FOXO TECHNOLOGIES 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

FY2021FY2022FY2023FY2024FY2025
Revenue0.120.510.154.0516.4
Cost of revenue0.120.340.13
Gross profit0.120.170.01
Research and development4.883.050.90.310.18
Selling, general and administrative10.325.819.47.2311.4
Operating expenses15.240.322.311.826.7
Operating income-15-40.2-22.2-7.76-10.3
Interest expense1.121.441.063.913.43
Interest income0.03
Other non-operating income-0.24-55.1-4.26-4.66-2.3
Pre-tax income-38.5-95.3-26.5-12.4-12.6
Income tax-0.18
Net income to minority interests-0.01-0.02
Net income-38.5-95.3-26.5-12.4-12.4
EBITDA-14.9-38.7-20.9-6.53-9.73

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash and equivalents6.865.520.040.070.21
Receivables2.272.47
Inventory0.31.310.160.18
Other current assets0.020.110.110.090.16
Total current assets7.6212.30.232.883.11
Property, plant and equipment0.190.010.360.32
Lease right-of-use assets3.983.55
Goodwill25.527.8
Intangible assets0.192.040.389.029.77
Other non-current assets0.1
Total assets30.335.40.7341.744.6
Accounts payable3.463.474.566.686.97
Accrued liabilities1.053.981211.9
Total current liabilities36.16.9114.331.228.7
Long-term debt1.73
Lease liabilities3.673.17
Other non-current liabilities0.48
Total liabilities55.528.714.836.433.5
Paid-in capital4.9154163196236
Retained earnings-52-147-177-191-225
Shareholders' equity-25.26.71-14.15.3211.1
Minority interests-0.05-0.07
Total equity-25.26.71-14.15.2711.1
Total liabilities and equity30.335.40.7341.744.6

Cash flow statement

FY2021FY2022FY2023FY2024FY2025
Net income4.65-95.3-26.5-12.4-12.4
Depreciation and amortization0.11.491.281.240.6
Stock-based compensation0.13110.38-0.1-0.16
Deferred income tax-0.18
Change in receivables0.55-0.12
Change in inventory0.04-0.01
Change in payables3.090.130.51.160.19
Cash from operations-15.1-23.8-6.65-2.84-3.87
Capital expenditures-0.12-0.11-0.06
Acquisitions-0.060.01
Purchases of investments-0.05
Cash from investing-0.36-1.870.01-0.66
Debt issued7.2528
Debt repaid-0.6-0.3
Stock issued-30.6
Cash from financing14.124.31.172.864.66
Net change in cash-1.27-1.34-5.480.030.14
Free cash flow-15.2-23.9-3.93
Interest paid1.131.22

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 $0.14 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-4.9%Operating income / revenue.
EBITDA margin-1.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-26.9%Pre-tax income / revenue.
Net margin-25.8%Net income / revenue.
Operating cash flow margin-2.4%Cash from operations / revenue.
Return on equity (ROE)-465.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-10.0%Net income / average total assets.
Return on invested capital (ROIC)-74.6%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%.
R&D / revenue1.0%Research and development expense / revenue.
SG&A / revenue64.6%Selling, general and administrative expense / revenue.
D&A / revenue3.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y304.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y217.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y109.3%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y18.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y6.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y8.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.12xCurrent assets / current liabilities.
Quick ratio0.10x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets98.0%Total liabilities / total assets.
Interest coverage-0.23xOperating income / interest expense.
Working capital-$35.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets81.8%(Goodwill + intangible assets) / total assets.
Tangible book value-$36.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.39xRevenue / average total assets.
Fixed asset turnover62.3xRevenue / average property, plant and equipment.
Receivables turnover4.32xRevenue / average receivables.
Days sales outstanding85 days365 x average receivables / revenue.

Valuation

MetricValueHow it is calculated
Market cap$231.8KShare price x shares outstanding.
Enterprise value$173.4KMarket cap + total debt - cash - short-term investments.
P/S0.01xMarket cap / revenue.
P/B0.23xMarket cap / shareholders' equity. Only when equity is positive.
EV/Sales0.01xEnterprise value / revenue.
Earnings yield-1,986.0%Net income / market cap (the inverse of P/E).
What was FOXO TECHNOLOGIES INC.'s revenue in fiscal 2025?

FOXO TECHNOLOGIES INC. reported revenue of $16.4M for fiscal 2025, 304% higher than the year before.

Was FOXO TECHNOLOGIES INC. profitable in fiscal 2025?

No. It reported a net loss of $12.4M.

How much free cash flow did FOXO TECHNOLOGIES INC. generate in fiscal 2025?

Cash from operations of $3.9M minus capital expenditures of $62.0K left free cash flow of -$3.9M.

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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