Advent Techs Holdings (ADNH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for Q3 FY2025, filed Nov 17, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ADNH SEC filings page.
Advent Techs Holdings Inc (ADNH) reported $3.3M in revenue for fiscal year 2024, up 113.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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.
The latest figures show a small, research-heavy business with positive cash flow but a severely strained balance sheet.
FY2024 operating cash flow was$1.4M despite an operating loss of$18.4M , so cash generation and accounting performance diverged sharply. Liabilities of$29.3M exceeded$8.0M of assets, indicating that balance-sheet pressure is more consequential than the positive cash-flow headline.
Revenue rose
SG&A consumed
Financial Health Signals
We do not publish a peer-relative financial health score for Advent Techs Holdings Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Advent Techs Holdings Inc scores -49.56, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $220.2M against total assets of $8.0M. 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.
Key Financial Metrics
Earnings & Revenue
Advent Techs Holdings Inc generated $62K in revenue in Q3 2025. This represents a decrease of 51.6% from the same quarter a year earlier. Against the prior quarter it is down 37.4%.
Advent Techs Holdings Inc's EBITDA was -$2.2M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Advent Techs Holdings Inc reported $8.6M in net income in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Advent Techs Holdings Inc earned $2.92 per diluted share (EPS) in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Advent Techs Holdings Inc held $468K in cash as of Q3 2025; no long-term debt figure is on record for that period.
Not reported for Q3 2025.
Not reported for Q3 2025.
Margins & Returns
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2025.
Capital Allocation
Advent Techs Holdings Inc invested $229K in research and development in Q3 2025. This represents a decrease of 44.3% from the same quarter a year earlier. Against the prior quarter it is down 33.0%.
Not reported for Q3 2025.
Not reported for Q3 2025.
ADNH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62K-51.6% | $99K-84.9% | $132K-95.2% | N/A | $128K+14.3% | $654K-41.2% | $2.7M+180.2% | $1.5M-23.0% |
| Cost of Revenue | $437K+30.1% | $392K+372.3% | $312K-34.6% | N/A | $336K-58.4% | $83K-95.6% | $477K-67.9% | $12.4M+406.8% |
| Gross Profit | -$375Kn/m | -$293K-151.3% | -$180K-108.0% | N/A | -$208Kn/m | $571Kn/m | $2.3Mn/m | -$10.9Mn/m |
| R&D Expenses | $229K-44.3% | $342K-50.8% | $356K-74.8% | N/A | $411K-65.7% | $695K-75.9% | $1.4M-55.0% | $4.0M+61.0% |
| SG&A Expenses | N/A | N/A | $2.3M-63.7% | N/A | $3.1M-60.8% | $6.4M-23.5% | $6.2M-27.0% | $6.7M-27.3% |
| Operating Income | -$2.4Mn/m | -$2.9M-209.4% | -$2.9Mn/m | N/A | -$7.9Mn/m | $2.7Mn/m | -$4.4Mn/m | -$25.7Mn/m |
| EBITDA | -$2.2Mn/m | -$2.7M-194.6% | -$2.7Mn/m | N/A | -$7.8Mn/m | $2.9Mn/m | -$3.7Mn/m | -$25.3Mn/m |
| Income Tax | $0n/m | $0n/m | $1Kn/m | N/A | $0n/m | $0-100.0% | -$55K-106.9% | -$1Kn/m |
| Net Income | $8.6Mn/m | -$3.8Mn/m | -$3.3Mn/m | N/A | -$18.5Mn/m | -$11.3Mn/m | -$9.4Mn/m | -$25.7Mn/m |
| EPS (Basic) | $3.06n/m | -$1.42n/m | -$1.24n/m | -$0.70n/m | -$7.03 | -$4.28 | -$3.62 | -$12.04 |
| EPS (Diluted) | $2.92n/m | -$1.42n/m | -$1.24n/m | -$0.70n/m | -$7.03 | -$4.28 | -$3.62 | -$12.04 |
| Diluted Shares (Avg) | 3M+12.1% | 3M+1.2% | 3M+2.0% | N/A | 3M | 3M | 3M | 2M |
Not reported in any period shown, so not listed: Interest Expense.
ADNH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.7M-8.9% | $6.7M-53.4% | $7.2M-77.7% | $8.0M-76.9% | $7.3M-86.8% | $14.4M-77.5% | $32.2M-60.2% | $34.7M-61.2% |
| Current Assets | $1.8M+25.8% | $1.5M-78.1% | $2.0M-72.9% | $2.7M-69.5% | $1.4M-93.9% | $6.9M-78.0% | $7.2M-81.5% | $8.8M-82.2% |
| Cash & Equivalents | $468K+143.8% | $75K-89.0% | $329K-57.5% | $381K-88.1% | $192K-94.8% | $682K-93.2% | $774K-96.0% | $3.2M-90.3% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $50K-48.5% | $50K-97.5% | $228K-89.0% | $8K-95.9% | $97K-99.3% | $2.0M-86.9% | $2.1M-86.0% | $195K-98.5% |
| Accounts Receivable | $87K-68.2% | $67K-92.7% | $141K-87.0% | $962K+1427.0% | $274K-67.1% | $922K-9.6% | $1.1M+92.7% | $63K-93.6% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Total Liabilities | $24.5M-3.7% | $36.1M+109.4% | $31.9M+22.2% | $29.3M+37.6% | $25.4M+11.3% | $17.2M-27.7% | $26.1M+1.1% | $21.3M-16.3% |
| Current Liabilities | $17.8M-29.2% | $29.4M+86.1% | $31.1M+79.9% | $28.8M+141.5% | $25.1M+96.2% | $15.8M+17.9% | $17.3M+15.8% | $11.9M-12.8% |
| Non-Current Liabilities | $6.6M+2467.2% | $6.8M+359.5% | $801K-90.9% | $530K-94.3% | $259K-97.4% | $1.5M-86.0% | $8.8M-19.0% | $9.4M-20.4% |
| Total Equity | -$17.8Mn/m | -$29.4Mn/m | -$24.7M-506.0% | -$21.3M-258.4% | -$18.1M-155.5% | -$2.9M-107.2% | $6.1M-89.0% | $13.4M-79.0% |
| Retained Earnings | -$218.6Mn/m | -$227.2Mn/m | -$223.4Mn/m | -$220.2Mn/m | -$218.3Mn/m | -$199.8Mn/m | -$188.5Mn/m | -$179.2Mn/m |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
ADNH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $264K-96.3% | -$1.4Mn/m | $282Kn/m | -$1.7M-111.1% | $7.1Mn/m | -$1.4Mn/m | -$2.6Mn/m | $15.3M+37129.3% |
| Depreciation & Amortization | $172K+65.4% | $207K+3.0% | $195K-71.5% | $590K+43.9% | $104K-89.8% | $201K-79.7% | $685K+10.1% | $410K-60.7% |
| Stock-Based Compensation | N/A | N/A | $393K-79.7% | N/A | N/A | N/A | $1.9M-24.8% | N/A |
| Investing Cash Flow | -$1Kn/m | $0-100.0% | -$29Kn/m | $939K+23.2% | $0n/m | $301Kn/m | -$29Kn/m | $762Kn/m |
| Financing Cash Flow | $1.2Mn/m | $1.1M+609.6% | -$214K-269.8% | $568K-84.1% | $0-100.0% | $156K | $126K | $3.6M+357000.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ADNH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -604.8% | -296.0% | -136.4% | N/A | -162.5% | 87.3%+158.6pp | 82.6%+134.5pp | -726.2% |
| Operating Margin | -3829.0% | -2954.5% | -2225.8% | N/A | -6193.0% | 408.7% | -159.4% | -1706.5% |
| Net Margin | 13911.3% | -3835.4% | -2480.3% | N/A | -14470.3% | -1723.7% | -341.7% | -1708.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -153.9%-132.1pp | -191.3%-117.1pp |
| Return on Assets | 129.2%+381.9pp | -56.8%+21.7pp | -45.6%-16.5pp | N/A | -252.7%-231.3pp | -78.5%-44.3pp | -29.1%-14.3pp | -74.1%-20.9pp |
| Current Ratio | 0.100.0x | 0.05-0.4x | 0.06-0.4x | 0.09-0.6x | 0.06-1.8x | 0.44-1.9x | 0.42-2.2x | 0.74-2.9x |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 4.29+3.8x | 1.58+1.2x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.02-0.1x | N/A | 0.020.0x | 0.050.0x | 0.09+0.1x | 0.040.0x |
Not reported in any period shown, so not listed: Debt-to-Equity, FCF Margin.
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.
Note: Shareholder equity is negative (-$21.3M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Advent Techs Holdings Inc ADNH | FY2024 | $3.3M | N/A | N/A | $1K | — |
| TurnOnGreen Inc TOGI | FY2025 | $7.2M | -$2.1M | -29.2% | $2.4M | — |
Where Advent Techs Holdings Inc Ranks
Frequently Asked Questions
Advent Techs Holdings Inc (ADNH) reported $3.3M in total revenue for fiscal year 2024. This represents a 113.3% 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.
Advent Techs Holdings Inc (ADNH) revenue grew by 113.3% year-over-year, from $1.5M to $3.3M in fiscal year 2024.
Advent Techs Holdings Inc (ADNH) had EBITDA of -$16.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
Advent Techs Holdings Inc (ADNH) had a gross margin of 54.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
Advent Techs Holdings Inc (ADNH) generated $1.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
Advent Techs Holdings Inc (ADNH) had $8.0M in total assets as of fiscal year 2024, including both current and long-term assets.
Advent Techs Holdings Inc (ADNH) invested $3.2M in research and development during fiscal year 2024.
Advent Techs Holdings Inc (ADNH) had a current ratio of 0.09 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
Advent Techs Holdings Inc (ADNH) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $1K as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Advent Techs Holdings Inc (ADNH) trades at 0.0x sales, its market capitalization divided by $3.3M revenue, FY2024. The market capitalization is $1K as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Advent Techs Holdings Inc (ADNH) has negative shareholder equity of -$21.3M as of fiscal year 2024, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Advent Techs Holdings Inc (ADNH) has an Altman Z-Score of -49.56, 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.