Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data MicroCloud Hologram 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
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
56.3
72.5
28.9
40.8
56.5
Cost of revenue
17
39.3
18.3
31.6
44.5
Gross profit
39.2
33.2
10.5
9.19
12
Research and development
22.8
49.2
11.2
24.5
7.97
Selling, general and administrative
0
3.15
3.41
9.27
3.27
2.69
General and administrative
0.03
0.73
Operating expenses
0.03
26.9
54.4
21.5
28.6
11.7
Operating income
12.4
-21.2
-10.9
-19.4
0.36
Interest expense
0.05
Other non-operating income
0
0.25
0.16
-1.25
10.7
-7.39
Pre-tax income
-0.03
12.6
-20.4
-12.2
-8.66
-7.02
Income tax
0
-0.12
-0.12
-0.59
0.36
Net income to minority interests
0
-0.04
-0.03
-0.13
0.36
Net income
-0.03
12.8
-20.3
-11.6
-9.02
-7.02
EBITDA
12.4
-21.1
-10.8
-19.3
0.39
EPS, basic
-5.33
-0.71
-0.56
EPS, diluted
1,454,000.00
-5.33
-0.71
-0.56
Shares, basic (weighted)
13.2
0.1
0.01
0.32
13.2
Shares, diluted (weighted)
13.2
0.1
0.01
0.32
13.2
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.02
7.53
21.9
17.8
118
262
Short-term investments
101
128
Receivables
10.7
11.7
1.39
3.27
3.15
Inventory
0.3
0.25
0.19
0.11
0.02
Other current assets
0.1
0.89
2.1
1.35
1.13
Total current assets
0.02
20.7
34.7
21.5
224
395
Property, plant and equipment
0.05
0.24
0.23
0.08
0.07
Lease right-of-use assets
0.59
0.42
0.33
0.17
Goodwill
3.32
3.07
Intangible assets
3.41
2.23
Other non-current assets
1.19
0.54
0.32
Total assets
0.05
27.8
40.9
22.7
225
395
Accounts payable
7.38
8.87
0.19
1.86
2.97
Accrued liabilities
0
0.03
Deferred revenue
0.41
0.78
Total current liabilities
0.09
9.91
11.8
2.43
4.29
11.8
Lease liabilities
0.37
0.29
0.14
Total liabilities
0.09
10.2
12.4
2.73
4.44
11.8
Paid-in capital
4.69
36.7
41.2
250
402
Retained earnings
-0.04
11.6
-9.12
-20.7
-29.5
-37.4
Other comprehensive income
0
-0.01
-0.81
-1.03
-1.16
-1.01
Shareholders' equity
-0.04
17.6
28.5
19.9
220
383
Minority interests
-0
0.04
0.01
-0.11
0.74
Total equity
4.88
17.6
28.5
19.9
220
384
Total liabilities and equity
0.05
27.8
40.9
22.7
225
395
Shares outstanding
0
1.71
5.08
5.94
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0.03
12.8
-20.3
-11.6
-9.02
-7.02
Depreciation and amortization
0.05
0.07
0.11
0.11
0.03
Stock-based compensation
4.56
0.13
Deferred income tax
-0.13
-0.13
-0.57
0.41
0.03
Change in receivables
1.8
-2.24
10
-2.26
-1.15
Change in inventory
0.45
0.02
0.05
-0.01
0.12
Cash from operations
-0.03
16.2
-20
-3.94
-13.8
7.89
Capital expenditures
-0.02
-0.27
-0.11
-0
-0.01
Cash from investing
0
-13.2
1.71
-0.2
-95
-40.7
Stock issued
0
0.03
Cash from financing
0.05
-0.2
33.3
0.31
210
176
Exchange rate effect
-0.04
-0.59
-0.3
-0.12
0.16
Net change in cash
0.02
2.72
14.4
-4.12
101
144
Free cash flow
16.1
-20.3
-4.05
-13.8
7.88
Interest paid
0
0.01
0
0.02
0.02
Income taxes paid
0.01
0
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.67 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
21.3%
Gross profit / revenue.
Operating margin
0.6%
Operating income / revenue.
EBITDA margin
0.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-12.4%
Pre-tax income / revenue.
Net margin
-12.4%
Net income / revenue.
FCF margin
13.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
14.0%
Cash from operations / revenue.
Return on equity (ROE)
-2.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.3%
Net income / average total assets.
Return on invested capital (ROIC)
0.3%
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%.
R&D / revenue
14.1%
Research and development expense / revenue.
SG&A / revenue
4.8%
Selling, general and administrative expense / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
38.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-8.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
30.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-28.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
73.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
137.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
76.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
113.0%
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
507.8%
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
4,024.0%
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
408.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
33.5x
Current assets / current liabilities.
Quick ratio
33.4x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
33.1x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
0.2%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.56
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.
EPS, basic
-$0.56
Net income per basic share, as reported (split-adjusted).
Revenue per share
$4.29
Revenue / diluted weighted shares.
FCF per share
$0.60
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.60
Cash from operations / diluted weighted shares.
Book value per share
$29.05
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.68x
Market cap / revenue.
P/B
0.10x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.10x
Market cap / tangible book value, when positive.
P/FCF
4.86x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
4.85x
Market cap / cash from operations, when positive.
FCF yield
20.6%
Free cash flow / market cap.
Earnings yield
-18.4%
Net income / market cap (the inverse of P/E).
What was MicroCloud Hologram Inc.'s revenue in fiscal 2025?
MicroCloud Hologram Inc. reported revenue of $56.5M for fiscal 2025, 38.6% higher than the year before.
Was MicroCloud Hologram Inc. profitable in fiscal 2025?
No. It reported a net loss of $7.0M.
How much free cash flow did MicroCloud Hologram Inc. generate in fiscal 2025?
Cash from operations of $7.9M minus capital expenditures of $14.0K left free cash flow of $7.9M.
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.