Precipio, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Precipio, 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	2.1	2.9	4.9	8.18	15.9	17.7	20.3	29.5	41.8	53.5
Cost of revenue	0.97	1.43	2.64	2.91	4.94	6.46	6.9	9.18	11	13.3
Gross profit	0.75	0.29	0.23	0.22	1.15	2.39	2.51	6.02	7.56	10.7
Research and development	0	0.5	1.1	1.2	1.2	1.3	1.7	1.7	1.3	1.6
Selling, general and administrative	2.47	6.49	9.45	9.62	10.3
Operating expenses	2.47	15.8	14.1	11.2	10.3	12	15.3	13.6	11.8	11.9
Operating income	-1.71	-15.5	-13.9	-11	-9.15	-9.61	-12.8	-7.62	-4.22	-1.2
Other non-operating income	0								-0.07	0.84
Pre-tax income	-2.23	-20.7	-16	-13.3	-10.6	-8.52	-12.2	-5.85	-4.29	-0.36
Income tax	0	0.35	-0.28	-0.07	0	0	0	0	0	0
Income from continuing operations	-2.23	-20.7	-15.7	-13.2	-10.6	-8.52
Net income to minority interests					0.03	0.01	0.03
Net income	-2.23	-20.7	-15.7	-13.2	-14	-8.53	-12.2	-5.85	-4.29	-0.36
EBITDA	-1.6	-14.8	-12.6	-9.88	-8.05	-8.48	-11.6	-6.4	-3.02	0.04
EPS, basic	-2,818.00	-2,137.00	-274.61	-46.30	-16.89	-7.95	-10.73	-4.51	-2.93	-0.23
EPS, diluted	-2,818.00	-2,137.00	-274.61	-46.30	-16.89	-7.95	-10.73	-4.51	-2.93	-0.23
Shares, basic (weighted)	0	0.02	0.07	0.29	0.83	1.06	1.14	1.3	1.47	1.61
Shares, diluted (weighted)	0	0.02	0.07	0.29	0.83	1.06	1.14	1.3	1.47	1.61

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.05	0.42	0.38	0.85	2.66	11.7	3.45	1.5	1.39	2.65
Receivables	0.39	0.73	0.69	0.57	0.87	0.7	1.04	1.3	0.8	1.98
Inventory	0.1	0.16	0.2	0.18	0.35	0.56	0.71	0.38	0.72	0.94
Other current assets	0.01	0.43	0.53	0.27	0.32	0.55	0.52	0.5	0.54	0.47
Total current assets	0.55	1.74	1.79	1.88	4.2	13.5	5.71	3.68	3.45	6.04
Property, plant and equipment	0.28	0.35	0.5	0.43	0.28	0.84	0.88	0.74	0.72	0.73
Lease right-of-use assets				0.52	0.31	0.86	0.76	0.61	0.4	2.57
Goodwill		4.69
Intangible assets	0	20.5	19.3	16.7	15.7	14.7	13.8	12.8	11.9	10.9
Other non-current assets	0.01	0.02	0.03	0.03	0.06	0.18	0.13	0.08	0.05	0.07
Total assets	0.84	27.3	21.6	19.5	20.7	30.4	21.5	18.1	17	21.3
Accounts payable	1.08	5.1	5.17	1.94	1.69	1.86	2.04	0.62	0.62	1.13
Accrued liabilities	0.7	1.25	1.94	1.64	2.04	1.92	1.58	1.82	2.8	1.69
Deferred revenue	0.09	0.07	0.05	0.04	0.01	0.02	0.12	0.11	0.23	0.28
Short-term debt	0.4	0.59	0.26	0.32	0.65	0.03	0.26	0.24	0.3	0.03
Total current liabilities	3.01	10	13.8	4.33	4.66	4.21	4.36	3.14	4.27	3.75
Long-term debt	4.13	2.83	0.25	0.2	0.36	0.16	0.13	0.11	0.08	0.05
Lease liabilities				0.32	0.09	0.7	0.57	0.41	0.21	2.21
Other non-current liabilities	0	0.07	0.05
Total liabilities	7.3	14.2	15.5	6.31	6.55	5.84	5.14	3.67	4.9	6.76
Total debt	4.52	3.42	0.52	0.54	1.03	0.19	0.4	0.35	0.38	0.08
Paid-in capital	4.38	44.5	53.8	74.1	85.5	104	109	113	115	117
Retained earnings	-10.8	-31.5	-47.7	-60.9	-71.6	-80.1	-92.3	-98.2	-102	-103
Other comprehensive income	0
Shareholders' equity	-6.46	13	6.12	13.2	14.1	24.6	16.3	14.4
Minority interests					0.03	0.04	0.07
Total equity	-6.46	13	6.12	13.2	14.2	24.6	16.4	14.4	12.1	14.6
Total liabilities and equity	0.84	27.3	21.6	19.5	20.7	30.4	21.5	18.1	17	21.3
Shares outstanding	0	0.03	0.12	0.4	0.88	1.14	1.14	1.42	1.49	1.78

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-2.23	-20.7	-15.7	-13.2	-10.6	-8.52	-12.2	-5.85	-4.29	-0.36
Depreciation and amortization	0.11	0.74	1.27	1.12	1.09	1.13	1.22	1.23	1.2	1.25
Stock-based compensation	0.01	0.05	0.53	0.67	0.7	1.88	3.8	1.56	1.49	1.21
Change in receivables	-0.31	-0.5	-0.54	-0.85	-1.64	0.33	-0.75	-0.48	0.44	-1.36
Change in inventory	-0.02	-0.05	-0.04	0.01	-0.17	-0.21	-0.14	0.32	-0.34	-0.21
Change in payables	0.34	0.5	0.31	-1.88	-0.24	0.11	0.17	-0.17	-0.01	0.51
Cash from operations	-0.96	-6.69	-6.75	-9.14	-7.43	-6.58	-7.72	-3.56	0.44	0.69
Capital expenditures	-0.02	-0.14	-0.1	-0.06	-0.15	-0.68	-0.28	-0.13	-0.22	-0.33
Cash from investing	1.01	-0.04	-0.1	-0.06	-0.1	-0.68	-0.28	-0.13	-0.22	-0.33
Debt issued	0.53	0.32	0.3		0.79				0.25
Stock issued	0.48		2.01	6.63	8.93	16.2	0.13	2.25	0.08	0.12
Cash from financing	0.78	7.1	6.81	9.66	9.34	16.3	-0.23	1.74	-0.33	0.9
Exchange rate effect	0
Net change in cash	-0.18	0.37	-0.04	0.47	1.81	9.01	-8.22	-1.94	-0.11	1.26
Free cash flow	-0.98	-6.83	-6.85	-9.2	-7.59	-7.26	-8	-3.69	0.22	0.36
Interest paid	0.13	0.11	0.04	0.04	0.02	0.03	0.05	0.04	0.09	0.1

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 $23.65 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	19.7%	Gross profit / revenue.
Operating margin	-2.5%	Operating income / revenue.
EBITDA margin	-0.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.0%	Pre-tax income / revenue.
Net margin	-2.0%	Net income / revenue.
FCF margin	1.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.8%	Cash from operations / revenue.
Return on assets (ROA)	-5.7%	Net income / average total assets.
Stock-based pay / revenue	3.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	1.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	28.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	38.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	27.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	41.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	62.2%	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	56.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	56.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	66.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	25.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.3%	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	0.6%	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	9.5%	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	12.2%	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	14.1%	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	1.77x	Current assets / current liabilities.
Quick ratio	1.45x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.83x	(Cash + short-term investments) / current liabilities.
Debt / assets	1.5%	Total debt / total assets.
Liabilities / assets	30.8%	Total liabilities / total assets.
Net debt	-$2.8M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$2.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	49.0%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.85x	Revenue / average total assets.
Fixed asset turnover	56.5x	Revenue / average property, plant and equipment.
Inventory turnover	19.6x	Cost of revenue / average inventory.
Days inventory	19 days	365 x average inventory / cost of revenue.
Receivables turnover	26.7x	Revenue / average receivables.
Days sales outstanding	14 days	365 x average receivables / revenue.
Days payables	23 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	9 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	28.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.68	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	$34.04	Revenue / diluted weighted shares.
FCF per share	$0.44	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.62	Cash from operations / diluted weighted shares.
Cash per share	$1.72	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$42.3M	Share price x shares outstanding.
Enterprise value	$39.6M	Market cap + total debt - cash - short-term investments.
P/S	0.70x	Market cap / revenue.
P/FCF	53.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	38.5x	Market cap / cash from operations, when positive.
EV/Sales	0.65x	Enterprise value / revenue.
EV/FCF	50.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	1.9%	Free cash flow / market cap.
Earnings yield	-2.9%	Net income / market cap (the inverse of P/E).

What was Precipio, Inc.'s revenue in fiscal 2025?

Precipio, Inc. reported revenue of $53.5M for fiscal 2025, 28% higher than the year before.

Was Precipio, Inc. profitable in fiscal 2025?

No. It reported a net loss of $363.0K.

How much free cash flow did Precipio, Inc. generate in fiscal 2025?

Cash from operations of $685.0K minus capital expenditures of $326.0K left free cash flow of $359.0K.

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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