INTRUSION INC financial statements

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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	6.1	6.86	10.3	13.6	6.62	7.28	7.53	5.61	5.77	7.1
Cost of revenue	2.18	2.82	3.85	5.34	2.71	3.62	3.35	1.26	1.34	1.72
Gross profit	3.92	4.04	6.43	8.3	3.91	3.66	4.18	4.35	4.43	5.38
Research and development	2.5	2.16	1.24	1.31	3.8	6.33	6.47	5.56	4.44	5.17
Selling and marketing	1.64	1.53	1.6	1.3	3.82	10.9	6.51	5.67	4.74	5.27
General and administrative	1.19	1.09	1.11	1.18	2.82	5.9	7.48	5.17	3.71	4.11
Operating income	-1.41	-0.75	2.48	4.51	-6.52	-19.5	-16.3	-12	-8.45	-9.16
Interest expense			0.19	0.05	0.01	0.02	2.36	1.89	0.02
Interest income				0	0.01	0.72	2.03	0.04
Other non-operating income		0.93						0.04	-0.01	0.19
Pre-tax income	-1.55	-0.03	2.29	4.47	-6.52	-18.8	-16.2	-13.9	-7.79	-9.06
Income tax				0	0	0	0	0	0	0
Net income	-1.55	-0.03	2.29	4.47	-6.52	-18.8	-16.2	-13.9	-7.79	-9.06
EBITDA	-1.12	-0.54	2.61	4.69	-6.29	-18.7	-15	-10.4	-6.8	-7.4
EPS, basic	-2.60	-0.20	3.20	6.40	-8.99	-20.99	-16.39	-11.46	-1.63	-0.46
EPS, diluted	-2.60	-0.20	2.80	5.60	-8.99	-20.99	-16.39	-11.46	-1.63	-0.46
Shares, basic (weighted)	0.64	0.64	0.65	0.68	0.73	0.9	0.99	1.21	5.28	19.8
Shares, diluted (weighted)	0.64	0.64	0.75	0.77	0.73	0.9	0.99	1.21	5.28	19.8

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.06	0.22	1.65	3.33	16.7	4.1	3.02	0.14	4.85	3.62
Short-term investments									0
Receivables	0.75	0.96	1.97	1.57	1.23	1.03	0.53	0.36	0.17	0.13
Inventory	0.05	0.02
Other current assets	0.08	0.09	0.09	0.15	0	0.36	1.88	0.64	0.51	0.48
Total current assets	0.93	1.29	3.71	5.05	18.3	5.49	5.42	1.14	5.53	4.23
Property, plant and equipment	0.31	0.12	0.2	0.34	0.47	1.06	2.16	2.92	3.85	4.29
Lease right-of-use assets				1.35	1.01	0.81	0.5	1.64	1.36	1.39
Goodwill										0
Other non-current assets	0.04	0.04	0.04	0.04	0.08	0.17	0.14	0.17	0.28	0.26
Total assets	1.28	1.45	4.07	6.84	19.9	9.23	9.28	6.25	11.5	10.4
Accounts payable	0.21	0.19	0.19	0.25	0.41	0.72	1.27	2.22	1.51	0.49
Accrued liabilities	0.69	0.99	1.4	0.83	0.63	0.53	0.45	0.22	0.29	0.36
Deferred revenue	0.4	0.41	1	0.52	0.18	0.56	0.46	0.44	0.73	0.5
Total current liabilities	1.73	2.08	3.25	1.94	2.14	3.39	13.2	14.3	3.67	1.79
Long-term debt				0	0.21	0				0
Lease liabilities				1.32	1.87	1.25	0.23	1.54	1.41	1.32
Total liabilities	4.68	4.96	5.13	3.28	4.22	5.31	13.5	15.8	5.26	3.11
Paid-in capital	56.6	56.5	56.6	56.8	77.2	84.2	92.5	101	123	135
Retained earnings	-61.5	-61.5	-59.2	-54.8	-61.3	-80.1	-96.3	-110	-118	-127
Treasury stock	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36
Other comprehensive income	-0.11	-0.11	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Shareholders' equity	-3.4	-3.51	-1.06	3.56	15.7	3.92	-4.22	-9.56	6.25	7.28
Minority interests										0
Total equity	-3.4	-3.51	-1.06	3.56	15.7	3.92	-4.22	-9.56	6.25	7.28
Total liabilities and equity	1.28	1.45	4.07	6.84	19.9	9.23	9.28	6.25	11.5	10.4
Shares outstanding	0.64	0.64	0.66	0.68	0.87	0.96	1.06	1.85	15.6	20.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-1.55	-0.03	2.29	4.47	-6.52	-18.8	-16.2	-13.9	-7.79	-9.06
Depreciation and amortization	0.29	0.21	0.13	0.18	0.23	0.78	1.31	1.66	1.65	1.76
Stock-based compensation	0.1	0.02	0.02	0.05	0.32	1.26	1.46	0.97	0.34	1.08
Change in receivables	-0.17	-0.22	-1.01	0.4	0.33	0.17	0.5	0.1	0.11	-0.04
Change in inventory		0.03	0.02
Change in payables	0.06	0.29	0.42	-0.5	-0.33	0.22	0.21	0.41	-0.46	-0.34
Cash from operations	-1.24	0.27	2.58	4.29	-5.18	-16.6	-13.2	-7.77	-6.29	-6.76
Capital expenditures	-0.05	-0.02	-0.2	-0.26	-0.32	-1.06	-0.31	-0.16	-0.53	-0.78
Cash from investing	-0.05	0.04	-0.2	-0.26	-0.32	-1.15	-1.48	-1.45	-1.81	-2.55
Debt issued				0	0.63
Stock issued	0.1	0.01	0.17	0.24	0.21	0.24	0.07	0.01	9.8	-0.12
Dividends paid				-0.71	-0.1	0
Cash from financing	1.25	-0.15	-0.95	-2.35	18.9	5.1	13.6	6.34	12.8	8.08
Net change in cash	-0.04	0.16	1.43	1.68	13.4	-12.6	-1.09	-2.88	4.71	-1.23
Free cash flow	-1.29	0.25	2.38	4.03	-5.5	-17.6	-13.5	-7.92	-6.83	-7.54
Interest paid	0.01	0.01	0	0.51	0	0.02	0.04	0.23	0.02	0.01
Income taxes paid				0	0

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 $0.71 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	73.1%	Gross profit / revenue.
Operating margin	-190.9%	Operating income / revenue.
EBITDA margin	-162.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	-191.3%	Net income / revenue.
FCF margin	-156.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-154.1%	Cash from operations / revenue.
Return on assets (ROA)	-88.8%	Net income / average total assets.
R&D / revenue	90.2%	Research and development expense / revenue.
Stock-based pay / revenue	13.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.8%	Capital expenditures / revenue.
D&A / revenue	28.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	22.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-2.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	1.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	21.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	8.8%	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	6.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	16.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 5y	-14.2%	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	-9.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.8%	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	-12.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	275.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	171.4%	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	93.3%	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
Current ratio	0.39x	Current assets / current liabilities.
Quick ratio	0.27x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.03x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	67.2%	Total liabilities / total assets.
Working capital	-$3.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	34.5%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.46x	Revenue / average total assets.
Fixed asset turnover	1.38x	Revenue / average property, plant and equipment.
Receivables turnover	3.99x	Revenue / average receivables.
Days sales outstanding	92 days	365 x average receivables / revenue.
Days payables	533 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.54	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	$0.28	Revenue / diluted weighted shares.
FCF per share	-$0.44	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$0.44	Cash from operations / diluted weighted shares.
Cash per share	$0.01	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$17.4M	Share price x shares outstanding.
Enterprise value	$17.2M	Market cap + total debt - cash - short-term investments.
P/S	3.01x	Market cap / revenue.
EV/Sales	2.98x	Enterprise value / revenue.
FCF yield	-51.8%	Free cash flow / market cap.
Earnings yield	-63.6%	Net income / market cap (the inverse of P/E).

What was INTRUSION INC's revenue in fiscal 2025?

INTRUSION INC reported revenue of $7.1M for fiscal 2025, 22.9% higher than the year before.

Was INTRUSION INC profitable in fiscal 2025?

No. It reported a net loss of $9.1M.

How much free cash flow did INTRUSION INC generate in fiscal 2025?

Cash from operations of $6.8M minus capital expenditures of $777.0K left free cash flow of -$7.5M.

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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