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Financial statements

GENELUX Corp financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data GENELUX 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

FY2023FY2023FY2024FY2025
Revenue11.10.170.010.01
Research and development9.0812.81919.9
General and administrative511.612.713.4
Operating expenses14.124.331.733.2
Operating income-3.01-24.2-31.7-33.2
Interest expense0.17
Interest income0.180.70.71
Other non-operating income-1.09-4.131.831.07
Income tax1.1
Net income-5.21-28.3-29.9-32.1
EBITDA-2.46-23.7-31.5-33
EPS, basic-0.57-1.16-0.95-0.86
EPS, diluted-0.57-1.16-0.95-0.86
Shares, basic (weighted)9.1231.531.537.2
Shares, diluted (weighted)9.1224.431.537.2

Balance sheet

FY2023FY2023FY2024FY2025
Cash and equivalents0.49.428.575.33
Short-term investments13.822.3
Other current assets1.51.010.650.54
Total current assets1.8924.231.515.1
Property, plant and equipment0.641.171.322.17
Lease right-of-use assets1.342.431.761.58
Other non-current assets0.090.090.090.14
Total assets5.5327.934.719
Accounts payable6.783.785.574.36
Accrued liabilities2.85
Deferred revenue0.17
Short-term debt0.9
Total current liabilities31.66.556.96.23
Lease liabilities1.161.871.541.26
Total liabilities41.38.428.447.48
Paid-in capital154241278295
Retained earnings-190-222-251-284
Treasury stock-0.43-0.43-0.43-0.43
Other comprehensive income00.010.060.01
Shareholders' equity-35.819.526.311.5
Total equity-35.819.526.311.5
Total liabilities and equity5.5327.934.719
Shares outstanding9.1326.834.738.1

Cash flow statement

FY2023FY2023FY2024FY2025
Net income-5.21-28.3-29.9-32.1
Depreciation and amortization0.550.50.240.24
Stock-based compensation2.422.525.745.87
Change in payables2.31-2.362.16-1.21
Cash from operations-3.57-20.3-21.2-25.3
Capital expenditures-0.05-1.03-0.38-1.1
Purchases of investments-13.7-29-18.3
Cash from investing-0.05-14.7-8.1312.1
Debt repaid-1.72
Stock issued25.127.79.55
Cash from financing-0.484428.59.9
Net change in cash-4.19.02-0.85-3.23
Free cash flow-3.62-21.3-21.6-26.4
Interest paid0.260.07

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 $2.48 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-220.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-135.8%Net income / average total assets.
Return on invested capital (ROIC)-415.3%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%.

Growth

MetricValueHow it is calculated
Revenue growth, 1y0.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-91.0%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-56.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-45.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y51.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y18.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y59.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.39xCurrent assets / current liabilities.
Quick ratio2.34x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.34x(Cash + short-term investments) / current liabilities.
Liabilities / assets38.5%Total liabilities / total assets.
Working capital$11.1MCurrent assets - current liabilities.
Tangible book value$16.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.79Net 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.
FCF per share-$0.64Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.56Cash from operations / diluted weighted shares.
Book value per share$0.36Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.36Tangible book value / shares outstanding.
Cash per share$0.41(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$112.2MShare price x shares outstanding.
Enterprise value$93.5MMarket cap + total debt - cash - short-term investments.
P/B6.96xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book6.96xMarket cap / tangible book value, when positive.
FCF yield-25.6%Free cash flow / market cap.
Earnings yield-31.7%Net income / market cap (the inverse of P/E).
What was GENELUX Corp's revenue in fiscal 2025?

GENELUX Corp reported revenue of $8.0K for fiscal 2025, 0% higher than the year before.

Was GENELUX Corp profitable in fiscal 2025?

No. It reported a net loss of $32.1M.

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

Cash from operations of $25.3M minus capital expenditures of $1.1M left free cash flow of -$26.4M.

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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