Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Micware Co., Ltd. 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
FY2026
Revenue
140
Cost of revenue
88.7
Gross profit
51.6
Research and development
9.85
Selling, general and administrative
26.6
Operating expenses
36.4
Operating income
15.1
Interest expense
0.3
Other non-operating income
-0.27
Pre-tax income
14.9
Income tax
4.5
Net income to minority interests
-0.11
Net income
10.3
EBITDA
17.9
EPS, basic
0.18
EPS, diluted
0.18
Shares, basic (weighted)
56.1
Shares, diluted (weighted)
56.1
Balance sheet
FY2026
Cash and equivalents
52.9
Receivables
11.3
Inventory
0.12
Other current assets
6.58
Total current assets
93
Property, plant and equipment
11.9
Lease right-of-use assets
24.6
Goodwill
1.53
Intangible assets
1.33
Long-term investments
2.03
Other non-current assets
14.2
Total assets
157
Accounts payable
7.8
Accrued liabilities
8.9
Deferred revenue
4.89
Short-term debt
5.13
Total current liabilities
56.2
Long-term debt
16.4
Lease liabilities
18.5
Other non-current liabilities
4.35
Total liabilities
101
Total debt
29.4
Paid-in capital
6.39
Retained earnings
43.7
Treasury stock
-2.63
Other comprehensive income
0.76
Shareholders' equity
51.3
Minority interests
1.36
Total equity
52.7
Total liabilities and equity
157
Shares outstanding
55.8
Cash flow statement
FY2026
Net income
10.4
Depreciation and amortization
2.75
Deferred income tax
-2.1
Change in receivables
-0.35
Change in inventory
-0.01
Change in payables
-0.93
Cash from operations
13.3
Capital expenditures
-1.72
Cash from investing
-5.09
Debt issued
7.69
Debt repaid
-12.1
Cash from financing
-4.78
Exchange rate effect
0.36
Net change in cash
3.78
Free cash flow
11.6
Interest paid
0.46
Income taxes paid
6.95
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $1.68 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
36.8%
Gross profit / revenue.
Operating margin
10.8%
Operating income / revenue.
EBITDA margin
12.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
10.6%
Pre-tax income / revenue.
Net margin
7.3%
Net income / revenue.
FCF margin
8.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
9.5%
Cash from operations / revenue.
Effective tax rate
30.3%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
20.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
6.6%
Net income / average total assets.
Return on invested capital (ROIC)
38.0%
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
7.0%
Research and development expense / revenue.
SG&A / revenue
18.9%
Selling, general and administrative expense / revenue.
Capex / revenue
1.2%
Capital expenditures / revenue.
D&A / revenue
2.0%
Depreciation and amortization / revenue.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.66x
Current assets / current liabilities.
Quick ratio
1.14x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.94x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.57x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
18.8%
Total debt / total assets.
Liabilities / assets
64.8%
Total liabilities / total assets.
Net debt
-$23.5M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
-1.31x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
112.7%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
13.0%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.18
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
$0.18
Net income per basic share, as reported (split-adjusted).
Revenue per share
$2.50
Revenue / diluted weighted shares.
FCF per share
$0.21
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.24
Cash from operations / diluted weighted shares.
Book value per share
$0.92
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
9.72x
Market cap / net income. Only when net income is positive.
P/S
0.71x
Market cap / revenue.
P/B
1.95x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.06x
Market cap / tangible book value, when positive.
P/FCF
8.63x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
7.51x
Market cap / cash from operations, when positive.
EV/Sales
0.54x
Enterprise value / revenue.
EV/EBIT
5.04x
Enterprise value / operating income, when both are positive.
EV/EBITDA
4.26x
Enterprise value / EBITDA, when both are positive.
EV/FCF
6.59x
Enterprise value / free cash flow, when both are positive.
FCF yield
11.6%
Free cash flow / market cap.
Earnings yield
10.3%
Net income / market cap (the inverse of P/E).
What was Micware Co., Ltd.'s revenue in fiscal 2026?
Micware Co., Ltd. reported revenue of $140.3M for fiscal 2026.
Was Micware Co., Ltd. profitable in fiscal 2026?
Yes. Net income was $10.3M, a net margin of 7.3%.
How much free cash flow did Micware Co., Ltd. generate in fiscal 2026?
Cash from operations of $13.3M minus capital expenditures of $1.7M left free cash flow of $11.6M.
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.