Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data ScanTech AI Systems 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
FY2024
FY2024
Revenue
0.54
Cost of revenue
0.45
Gross profit
0.09
Research and development
3.24
3.4
General and administrative
6.28
5.58
Operating expenses
9.56
9.01
Operating income
-9.56
-8.92
Interest expense
10.3
12.4
Other non-operating income
-26
-14.1
Net income
-35.5
-23.1
EBITDA
-9.52
-8.89
EPS, basic
-0.20
-0.08
EPS, diluted
-0.20
-0.08
Shares, basic (weighted)
189
312
Shares, diluted (weighted)
189
312
Balance sheet
FY2024
FY2024
Cash and equivalents
0.04
0
Receivables
0.29
Inventory
0.25
1.43
Other current assets
0.16
0.1
Total current assets
1.27
2.07
Property, plant and equipment
0.08
0.05
Other non-current assets
0.04
Total assets
1.35
2.15
Accounts payable
3.17
4.73
Accrued liabilities
1.61
1.69
Deferred revenue
1.02
1.62
Short-term debt
89
107
Total current liabilities
134
158
Total liabilities
134
158
Retained earnings
-159
-184
Total liabilities and equity
1.35
2.15
Shares outstanding
14.2
Cash flow statement
FY2024
FY2024
Net income
-35.5
-23.1
Depreciation and amortization
0.04
0.03
Stock-based compensation
0.1
0.04
Change in inventory
-0.25
-1.18
Change in payables
1.03
1.56
Cash from operations
-5.43
-6.62
Capital expenditures
-0.01
-0
Cash from investing
-0.01
-0
Debt issued
6.22
6.4
Debt repaid
-0.52
Cash from financing
5.68
6.31
Net change in cash
0.24
-0.31
Free cash flow
-5.44
-6.62
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.01 on October 22, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
22.5%
Gross profit / revenue.
Operating margin
-1,428.0%
Operating income / revenue.
EBITDA margin
-1,426.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-532.0%
Net income / revenue.
FCF margin
-311.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-310.7%
Cash from operations / revenue.
Return on assets (ROA)
-194.5%
Net income / average total assets.
R&D / revenue
193.6%
Research and development expense / revenue.
Stock-based pay / revenue
44.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.9%
Capital expenditures / revenue.
D&A / revenue
1.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
59.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
65.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.18x
Current assets / current liabilities.
Quick ratio
0.01x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / assets
344.0%
Total debt / total assets.
Liabilities / assets
901.9%
Total liabilities / total assets.
Net debt
$17.5M
Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage
-5.12x
Operating income / interest expense.
Working capital
-$23.6M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.37x
Revenue / average total assets.
Fixed asset turnover
41.8x
Revenue / average property, plant and equipment.
Inventory turnover
0.95x
Cost of revenue / average inventory.
Days inventory
386 days
365 x average inventory / cost of revenue.
Days payables
884 days
365 x average accounts payable / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.17
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.
Market cap + total debt - cash - short-term investments.
P/S
0.40x
Market cap / revenue.
EV/Sales
9.73x
Enterprise value / revenue.
FCF yield
-775.2%
Free cash flow / market cap.
Earnings yield
-1,323.0%
Net income / market cap (the inverse of P/E).
What was ScanTech AI Systems Inc.'s revenue in fiscal 2024?
ScanTech AI Systems Inc. reported revenue of $542.2K for fiscal 2024.
Was ScanTech AI Systems Inc. profitable in fiscal 2024?
No. It reported a net loss of $23.1M.
How much free cash flow did ScanTech AI Systems Inc. generate in fiscal 2024?
Cash from operations of $6.6M minus capital expenditures of $1.9K left free cash flow of -$6.6M.
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.