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Financial statements

Functional Brands Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Functional Brands 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

FY2025FY2025
Revenue6.576.61
Cost of revenue2.963.13
Gross profit3.613.48
Selling and marketing0.580.63
General and administrative3.264.25
Operating expenses3.844.88
Operating income-0.23-1.4
Interest expense0.330.4
Interest income00.07
Other non-operating income-0.332.16
Net income-0.560.76
EBITDA-0.18-1.38
EPS, basic-0.080.08
EPS, diluted-0.080.01
Shares, basic (weighted)6.698.24
Shares, diluted (weighted)6.6985.1

Balance sheet

FY2025FY2025
Cash and equivalents0.212.73
Receivables0.30.52
Inventory1.711.55
Other current assets00.06
Total current assets2.865.19
Property, plant and equipment0.050.04
Lease right-of-use assets21.67
Goodwill0.820.82
Intangible assets1.441.4
Total assets7.179.11
Accounts payable1.10.67
Accrued liabilities0.740.84
Short-term debt0.15
Total current liabilities5.25.75
Lease liabilities1.841.44
Total liabilities7.297.57
Total debt0.14
Paid-in capital7.548.52
Retained earnings-7.66-6.98
Shareholders' equity-0.121.54
Total equity-0.121.54
Total liabilities and equity7.179.11
Shares outstanding6.6918.7

Cash flow statement

FY2025FY2025
Net income-0.560.76
Depreciation and amortization0.050.02
Stock-based compensation0.410.54
Change in receivables-0.1-0.21
Change in inventory-00.11
Change in payables0.13-0.48
Cash from operations0-1.27
Capital expenditures-0-0.01
Cash from investing-0-0.01
Debt issued0.180.1
Debt repaid-0-0
Cash from financing-0.163.8
Net change in cash-0.162.52
Free cash flow0-1.28
Interest paid0.220.4

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 $0.01 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin55.6%Gross profit / revenue.
Operating margin-47.9%Operating income / revenue.
EBITDA margin-47.7%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-126.9%Net income / revenue.
Operating cash flow margin-42.7%Cash from operations / revenue.
Return on assets (ROA)-131.9%Net income / average total assets.
Stock-based pay / revenue7.0%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue0.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y0.7%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-3.4%Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-63,997.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-1,174,464.0%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y27.0%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y1,171.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.49xCurrent assets / current liabilities.
Quick ratio0.15x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Debt / assets2.1%Total debt / total assets.
Liabilities / assets145.8%Total liabilities / total assets.
Net debt-$213.5KTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-8.93xOperating income / interest expense.
Working capital-$2.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets34.0%(Goodwill + intangible assets) / total assets.
Tangible book value-$5.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.04xRevenue / average total assets.
Fixed asset turnover237xRevenue / average property, plant and equipment.
Inventory turnover1.77xCost of revenue / average inventory.
Days inventory206 days365 x average inventory / cost of revenue.
Receivables turnover13.3xRevenue / average receivables.
Days sales outstanding27 days365 x average receivables / revenue.
Days payables121 days365 x average accounts payable / cost of revenue.
Cash conversion cycle112 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.20Net 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$0.16Revenue / diluted weighted shares.
Operating cash flow per share-$0.07Cash from operations / diluted weighted shares.
Book value per share-$0.05Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.08Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$402.5KShare price x shares outstanding.
Enterprise value$189.0KMarket cap + total debt - cash - short-term investments.
P/S0.06xMarket cap / revenue.
EV/Sales0.03xEnterprise value / revenue.
Earnings yield-2,114.0%Net income / market cap (the inverse of P/E).
What was Functional Brands Inc.'s revenue in fiscal 2025?

Functional Brands Inc. reported revenue of $6.6M for fiscal 2025, 0.7% higher than the year before.

Was Functional Brands Inc. profitable in fiscal 2025?

Yes. Net income was $758.5K, a net margin of 11.5%.

How much free cash flow did Functional Brands Inc. generate in fiscal 2025?

Cash from operations of $1.3M minus capital expenditures of $8.5K left free cash flow of -$1.3M.

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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