Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PARKERVISION 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
4.06
0.1
0.14
0.14
0.93
25
0
0
Cost of revenue
0.34
0.01
0.01
0.01
0.01
0.01
0.23
0.23
0.2
Gross profit
3.72
-0.1
-1.1
-0.01
0.14
0.92
24.8
-0.23
-0.2
Research and development
3.34
4.34
2.88
0.33
Selling, general and administrative
14.1
10.4
7.6
10.7
8.09
7.77
14.7
4.26
7.61
General and administrative
16.3
14.1
Operating expenses
19.7
18.4
14
7.94
10.7
8.09
7.77
14.7
4.26
7.61
Interest expense
0.07
0.07
0.12
0.42
0.55
0.25
0.32
0.42
0.39
0.27
Other non-operating income
-4.91
-0.75
-5.78
-1.51
-8.91
-4.38
-2.96
-0.51
-9.98
0.38
Pre-tax income
-20.8
-19.3
-20.9
-9.45
-19.6
-12.3
-9.81
9.52
-14.5
-7.43
Income tax
0
0
0
0
0
Net income
-21.5
-19.3
-20.9
-9.45
-19.6
-12.3
-9.81
9.52
-14.5
-7.43
EPS, basic
-1.76
-1.09
-0.85
-0.30
-0.42
-0.17
-0.13
0.11
-0.16
-0.06
EPS, diluted
-1.76
-1.09
-0.85
-0.30
-0.42
-0.17
-0.13
0.08
-0.16
-0.06
Shares, basic (weighted)
0.01
0.02
0.02
0.03
0.05
71.3
78.4
85.7
92.2
121
Shares, diluted (weighted)
0.01
0.02
0.02
0.03
0.05
0.07
78.4
120
92.2
121
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.26
0.35
1.53
0.06
1.63
1.03
0.11
2.56
4.92
4.36
Receivables
0
0.03
0
Inventory
0.17
1.03
0.1
Other current assets
0.01
0.01
0.06
0.12
0.01
0.03
0.03
0.03
0.03
0.11
Total current assets
2.04
3.44
2.29
0.68
2.23
1.63
0.38
2.66
5.05
4.66
Property, plant and equipment
0.27
0.38
0.13
0.07
0.03
0.01
0
0
Lease right-of-use assets
0
0.28
0.01
0.01
0
Intangible assets
6.27
5.08
3.9
2.88
2.17
1.79
1.36
1.06
0.83
0.69
Other non-current assets
0.02
0.02
0.02
0.01
0.02
0.01
0.31
0
Total assets
8.58
8.91
6.33
3.93
4.46
3.44
1.75
4.02
5.88
5.36
Accounts payable
0.6
0.68
0.66
2.33
4.32
0.71
0.9
0.57
0.51
0.52
Deferred revenue
0.02
0.02
Total current liabilities
2.51
3.66
4.36
6.14
5.99
1.65
2.26
2.29
2.41
2.41
Long-term debt
0.53
0.8
0.13
0.47
0.34
0.2
0.06
Lease liabilities
0.09
0.31
0.16
0
0
Other non-current liabilities
0.07
0
0.4
0.13
Total liabilities
16.7
20.2
31.6
37
48.3
48.2
52.4
43.5
52.3
50.5
Total debt
0.83
3.24
2.33
1.02
0.7
0.61
0.47
0.34
0.2
Paid-in capital
343
359
365
368
377
388
392
393
401
409
Retained earnings
-352
-371
-392
-402
-421
-433
-443
-434
-448
-456
Other comprehensive income
0
Shareholders' equity
-8.12
-11.2
-25.3
-33.1
-43.8
-44.8
-50.7
-39.5
-46.4
-45.1
Total equity
-8.12
-11.2
-25.3
-33.1
-43.8
-44.8
-50.7
-39.5
-46.4
-45.1
Total liabilities and equity
8.58
8.91
6.33
3.93
4.46
3.44
1.75
4.02
5.88
5.36
Shares outstanding
13.2
21.2
28.7
34.1
58.6
77
81.2
87.7
114
143
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-21.5
-19.3
-20.9
-9.45
-19.6
-12.3
-9.81
9.52
-14.5
-7.43
Depreciation and amortization
1.38
1.3
1.21
0.84
0.63
0.37
0.31
0.26
0.23
0.2
Stock-based compensation
2.21
2.16
1.05
0.59
1.24
3.32
3.08
0.78
0.39
3.28
Deferred income tax
0
0
0
0
0
0
Change in receivables
0
-0.03
0.03
0
Change in inventory
0
-0.98
-0.21
0.08
Change in payables
-1.45
1.74
1.03
2.79
1.76
-3.92
-0.09
-0.36
0.66
-0.73
Cash from operations
-14.4
-14.1
-10.3
-3.37
-4.78
-7.7
-2.96
10.8
-3.22
-5.14
Capital expenditures
-0.01
-0.25
-0.01
-0.01
-0
-0
-0
-0
0
-0
Cash from investing
1.62
-0.3
0.06
0.01
-0
-0
-0
-0
0
-0.06
Debt issued
13
1
5.29
3.07
1.24
0
1.67
Debt repaid
-3.34
-0.13
-1.2
-1.27
-0.1
-0.09
-0.2
-0.1
Cash from financing
13.7
14.5
10.4
1.9
6.35
7.11
2.04
-8.34
5.57
4.65
Net change in cash
0.99
0.19
0.17
-1.47
1.57
-0.6
-0.92
2.45
2.36
-0.56
Free cash flow
-14.4
-14.3
-10.3
-3.38
-4.78
-7.71
-2.96
10.8
-3.22
-5.15
Interest paid
0.06
0.07
0.04
0
0.06
0.02
0.02
0.02
0.02
0.01
Income taxes paid
0.66
0
0
0
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 $0.13 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-92.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-8.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
45.2%
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
3.8%
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
31.7%
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
15.7%
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
381.2%
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
1.35x
Current assets / current liabilities.
Quick ratio
1.10x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.10x
(Cash + short-term investments) / current liabilities.
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
$0.00
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.02
Cash from operations / diluted weighted shares.
Book value per share
-$0.30
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-18.3%
Net income / market cap (the inverse of P/E).
What was PARKERVISION INC's revenue in fiscal 2025?
PARKERVISION INC reported revenue of $0.0 for fiscal 2025.
Was PARKERVISION INC profitable in fiscal 2025?
No. It reported a net loss of $7.4M.
How much free cash flow did PARKERVISION INC generate in fiscal 2025?
Cash from operations of $5.1M minus capital expenditures of $2.0K left free cash flow of -$5.1M.
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.