Aclarion Inc Financials
Aclarion Inc (ACON) reported $76K in revenue for fiscal year 2025, up 65.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Fresh financing created a cash-rich balance sheet, but the business still runs on R&D and overhead rather than customer revenue.
FY2025 looks financially cleaner only because financing inflow of$18.9M dwarfed revenue of$75.7K , so the stronger equity and liquidity reflect capital raising more than commercial traction. With cash at$12.0M against operating cash burn of$7.2M , solvency improved even though the core operation remained far from self-funding.
The notable operating change in FY2025 was a move to positive gross profit of
The balance sheet shifted from short-term tightness in FY2024 to a cash-heavy posture in FY2025, with
Financial Health Signals
Aclarion Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Aclarion Inc scores -1.47, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.3M) relative to total liabilities ($837K). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Aclarion Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Aclarion Inc reported a net loss of $7.2M while operations used $7.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Aclarion Inc generated $76K in revenue in fiscal year 2025. This represents an increase of 65.6% from the prior year.
Aclarion Inc's EBITDA was -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 28.3% from the prior year.
Aclarion Inc reported -$7.2M in net income in fiscal year 2025. This represents a decrease of 3.4% from the prior year.
Cash & Balance Sheet
Aclarion Inc recorded an outflow of $7.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 36.2% from the prior year.
Aclarion Inc held $12.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Aclarion Inc's gross margin was 9.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 94.2 percentage points from the prior year.
Aclarion Inc's ROE was -56.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 664.5 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Aclarion Inc invested $1.0M in research and development in fiscal year 2025. This represents an increase of 16.3% from the prior year.
Aclarion Inc invested $22K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 320.9% from the prior year.
Not reported for fiscal year 2025.
ACON Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25K+19.2% | $21K+14.4% | $18K-2.4% | $19K-2.0% | $19K+1.7% | $19K+85.6% | $10K-29.0% | $14K |
| Cost of Revenue | $17K-2.8% | $17K+4.2% | $17K+14.6% | $15K+2.7% | $14K-39.6% | $23K+14.2% | $21K-3.6% | $21K |
| Gross Profit | $8K+121.3% | $4K+109.5% | $2K-59.2% | $4K-14.7% | $5K+214.5% | -$4K+56.5% | -$10K-49.1% | -$7K |
| R&D Expenses | $297K-5.8% | $315K+19.9% | $263K-12.9% | $302K+11.7% | $270K+36.5% | $198K-21.3% | $252K+28.6% | $196K |
| SG&A Expenses | $1.7M-1.9% | $1.8M+59.2% | $1.1M+23.2% | $901K-20.1% | $1.1M+14.3% | $987K-18.2% | $1.2M+40.2% | $860K |
| Operating Income | -$2.9M+2.9% | -$3.0M-49.9% | -$2.0M-8.8% | -$1.8M-5.4% | -$1.7M-16.4% | -$1.5M+17.4% | -$1.8M-39.4% | -$1.3M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$2.7M+3.7% | -$2.9M-51.1% | -$1.9M-10.7% | -$1.7M-6.6% | -$1.6M+21.4% | -$2.0M-2.4% | -$2.0M-45.6% | -$1.4M |
| EPS (Diluted) | -$1.12+16.4% | -$1.34 | -$2.01 | -$2.93-6.5% | -$2.75 | -$9.32 | -$1585.25 | -$1321.49 |
Not reported in any period shown, so not listed: Interest Expense.
ACON Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.0M-12.6% | $20.6M+51.0% | $13.7M+3.6% | $13.2M-10.5% | $14.8M-10.5% | $16.5M+676.1% | $2.1M-33.4% | $3.2M |
| Current Assets | $16.8M-13.3% | $19.4M+56.3% | $12.4M+4.1% | $11.9M-11.4% | $13.4M-11.3% | $15.2M+1738.9% | $824K-56.6% | $1.9M |
| Cash & Equivalents | $16.3M-14.3% | $19.0M+58.2% | $12.0M+5.9% | $11.3M-11.6% | $12.8M-13.0% | $14.8M+3151.4% | $454K-65.4% | $1.3M |
| Accounts Receivable | $28K-30.6% | $41K+36.7% | $30K-7.3% | $32K+53.0% | $21K+9.1% | $19K+4.6% | $18K+8.1% | $17K |
| Total Liabilities | $1.0M+5.1% | $986K+17.8% | $837K+19.7% | $700K+24.0% | $564K-19.3% | $699K-39.4% | $1.2M+70.1% | $678K |
| Current Liabilities | $1.0M+5.1% | $986K+17.8% | $837K+19.7% | $700K+24.0% | $564K-19.3% | $699K-39.4% | $1.2M+70.1% | $678K |
| Total Equity | $17.0M-13.5% | $19.7M+53.1% | $12.8M+2.7% | $12.5M-11.9% | $14.2M-10.1% | $15.8M+1526.8% | $970K-61.3% | $2.5M |
| Retained Earnings | -$64.1M-4.5% | -$61.3M-4.9% | -$58.5M-3.3% | -$56.6M-3.1% | -$54.9M-3.0% | -$53.3M-4.0% | -$51.3M-4.0% | -$49.3M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
ACON Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-0.6% | -$2.6M-62.3% | -$1.6M-40.3% | -$1.2M+37.8% | -$1.9M+25.7% | -$2.5M-172.1% | -$923K+12.6% | -$1.1M |
| Capital Expenditures | N/A | N/A | $14K+87.5% | $7K | N/A | N/A | $5K | $0 |
| Free Cash Flow | N/A | N/A | -$1.6M-40.5% | -$1.2M | N/A | N/A | -$928K+12.1% | -$1.1M |
| Investing Cash Flow | -$43K+12.5% | -$49K-19.0% | -$41K-3.3% | -$40K+8.8% | -$44K+43.8% | -$78K-28.9% | -$61K+41.4% | -$104K |
| Financing Cash Flow | -$19K-100.2% | $9.7M+313.1% | $2.3M+925.7% | -$284K-28379700.0% | -$1-100.0% | $16.9M+13393.2% | $125K-90.4% | $1.3M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ACON Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.9%+15.2pp | 17.7%+8.1pp | 9.7%-13.5pp | 23.2%-3.5pp | 26.6%+50.2pp | -23.6% | -100.9% | -48.1% |
| Operating Margin | -11503.2% | -14129.3% | -10785.8% | -9666.2% | -8988.6% | -7856.0% | -17652.7% | -8995.3% |
| Net Margin | -10899.5% | -13498.5% | -10223.7% | -9008.0% | -8285.9% | -10728.4% | -19444.6% | -9482.7% |
| Return on Equity | -16.2%-1.6pp | -14.5%+0.2pp | -14.7%-1.1pp | -13.7%-2.4pp | -11.3%+1.6pp | -12.9%+192.2pp | -205.1%-150.7pp | -54.4% |
| Return on Assets | -15.2%-1.4pp | -13.8%0.0pp | -13.8%-0.9pp | -12.9%-2.1pp | -10.8%+1.5pp | -12.4%+81.3pp | -93.7%-50.8pp | -42.9% |
| Current Ratio | 16.20-3.5x | 19.65+4.8x | 14.81-2.2x | 17.01-6.8x | 23.81+2.1x | 21.68+21.0x | 0.71-2.1x | 2.80 |
| Debt-to-Equity | 0.060.0x | 0.050.0x | 0.070.0x | 0.060.0x | 0.040.0x | 0.04-1.1x | 1.19+0.9x | 0.27 |
| FCF Margin | N/A | N/A | -8881.7% | -6164.6% | N/A | N/A | -9069.4% | -7327.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where Aclarion Inc Ranks
Frequently Asked Questions
What is Aclarion Inc's annual revenue?
Aclarion Inc (ACON) reported $76K in total revenue for fiscal year 2025. This represents a 65.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Aclarion Inc's revenue growing?
Aclarion Inc (ACON) revenue grew by 65.6% year-over-year, from $46K to $76K in fiscal year 2025.
Is Aclarion Inc profitable?
No, Aclarion Inc (ACON) reported a net income of -$7.2M in fiscal year 2025.
What is Aclarion Inc's EBITDA?
Aclarion Inc (ACON) had EBITDA of -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Aclarion Inc's gross margin?
Aclarion Inc (ACON) had a gross margin of 9.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Aclarion Inc's return on equity (ROE)?
Aclarion Inc (ACON) has a return on equity of -56.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Aclarion Inc's free cash flow?
Aclarion Inc (ACON) recorded an outflow of $7.2M in free cash flow during fiscal year 2025. This represents a -36.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Aclarion Inc's operating cash flow?
Aclarion Inc (ACON) recorded an outflow of $7.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Aclarion Inc's total assets?
Aclarion Inc (ACON) had $13.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Aclarion Inc's capital expenditures?
Aclarion Inc (ACON) invested $22K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Aclarion Inc spend on research and development?
Aclarion Inc (ACON) invested $1.0M in research and development during fiscal year 2025.
What is Aclarion Inc's current ratio?
Aclarion Inc (ACON) had a current ratio of 14.81 as of fiscal year 2025, which is generally considered healthy.
What is Aclarion Inc's debt-to-equity ratio?
Aclarion Inc (ACON) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aclarion Inc's return on assets (ROA)?
Aclarion Inc (ACON) had a return on assets of -52.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Aclarion Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Aclarion Inc (ACON) held $12.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.2M over that year. Dividing the one by the other, the reported balance equals about 20 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Aclarion Inc's Altman Z-Score?
Aclarion Inc (ACON) has an Altman Z-Score of -1.47, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Aclarion Inc's Piotroski F-Score?
Aclarion Inc (ACON) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Aclarion Inc's earnings high quality?
Aclarion Inc (ACON) reported a net loss of $7.2M while operations used $7.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.