ADVENT TECHS HLDGS INC (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 Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q 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 HLDGS 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 (10-K and 10-Q reports).
Cash conversion improved in FY2024, but operating costs still overwhelm the company’s restored gross profitability.
Revenue more than doubled from$1.5M in FY2023 to$3.3M in FY2024, yet operating cash flow moved from-$21.0M to$1.4M while operating income remained negative. That divergence indicates the cash improvement came from working-capital or other operating adjustments rather than from a profitable operating engine. Cash generation and earnings were therefore out of alignment.
Gross margin swung from
A current ratio of 0.1 means current liabilities vastly exceed current assets, making short-term obligations the dominant balance-sheet constraint. Liabilities exceeded assets by a wide margin in FY2024, leaving negative equity of
Financial Health Signals
ADVENT TECHS HLDGS 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.
ADVENT TECHS HLDGS INC scores -49.56, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2K) relative to total liabilities ($29.3M). 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.
ADVENT TECHS HLDGS INC reported an operating loss of $18.4M against $535K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
ADVENT TECHS HLDGS 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 HLDGS INC's EBITDA was -$2.2M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 72.0% from the same quarter a year earlier. Against the prior quarter it is up 20.3%.
ADVENT TECHS HLDGS INC reported $8.6M in net income in Q3 2025. This represents an increase of 146.6% from the same quarter a year earlier. Against the prior quarter it is up 327.2%.
ADVENT TECHS HLDGS INC earned $2.92 per diluted share (EPS) in Q3 2025. This represents an increase of 141.5% from the same quarter a year earlier. Against the prior quarter it is up 305.6%.
Cash & Balance Sheet
ADVENT TECHS HLDGS INC held $468K in cash as of Q3 2025; long-term debt is not reported 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 HLDGS 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 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| 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 | -$375K-80.3% | -$293K-151.3% | -$180K-108.0% | N/A | -$208K+70.1% | $571K+172.0% | $2.3M+546.0% | -$10.9M-2096.0% |
| 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 | -$2.4M+70.1% | -$2.9M-209.4% | -$2.9M+32.7% | N/A | -$7.9M+17.7% | $2.7M+112.6% | -$4.4M+63.1% | -$25.7M+48.7% |
| EBITDA | -$2.2M+72.0% | -$2.7M-194.6% | -$2.7M+25.5% | N/A | -$7.7M+10.3% | $2.9M+114.2% | -$3.7M+67.1% | -$25.3M+48.4% |
| Interest Expense | -$685K-4792.9% | -$325K-501.9% | -$244K-5.2% | N/A | -$14K+80.6% | -$54K-775.0% | -$232K-310.9% | -$44K-172.1% |
| Income Tax | $0 | $0 | $1K+101.8% | N/A | $0+100.0% | $0-100.0% | -$55K-106.9% | -$1K+99.7% |
| Net Income | $8.6M+146.6% | -$3.8M+66.3% | -$3.3M+65.0% | N/A | -$18.5M-56.4% | -$11.3M+48.4% | -$9.4M+22.0% | -$25.7M+46.0% |
| EPS (Basic) | $3.06+143.5% | -$1.42+66.8% | -$1.24+65.7% | -$0.70+94.2% | -$7.03-19.4% | -$4.28+65.1% | -$3.62+47.7% | -$12.04+56.4% |
| EPS (Diluted) | $2.92+141.5% | -$1.42+66.8% | -$1.24+65.7% | -$0.70+94.2% | -$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 |
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 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $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 | -$17.8M+1.6% | -$29.4M-922.0% | -$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 | -$218.6M-0.1% | -$227.2M-13.7% | -$223.4M-18.5% | -$220.2M-22.9% | -$218.3M-42.3% | -$199.8M-41.1% | -$188.5M-57.4% | -$179.2M-66.3% |
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 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $264K-96.3% | -$1.4M-2.9% | $282K+110.8% | -$1.7M-111.1% | $7.1M+140.9% | -$1.4M+81.2% | -$2.6M+77.3% | $15.3M+37129.3% |
| Depreciation & Amortization | $207K+3.0% | $207K+3.0% | $195K-71.5% | N/A | $201K-80.2% | $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 | -$1K | $0-100.0% | -$29K0.0% | $939K+23.2% | $0+100.0% | $301K+108.5% | -$29K+98.5% | $762K+107.2% |
| Financing Cash Flow | $1.2M | $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 | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| 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% | -2954.6% | -2225.8% | N/A | -6193.0% | 408.7% | -159.4% | -1706.5% |
| Net Margin | 13911.3% | -3835.3% | -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 |
| Debt-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: 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 debt-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.
Where ADVENT TECHS HLDGS INC Ranks
Frequently Asked Questions
What is ADVENT TECHS HLDGS INC's annual revenue?
ADVENT TECHS HLDGS 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.
How fast is ADVENT TECHS HLDGS INC's revenue growing?
ADVENT TECHS HLDGS INC (ADNH) revenue grew by 113.3% year-over-year, from $1.5M to $3.3M in fiscal year 2024.
What is ADVENT TECHS HLDGS INC's EBITDA?
ADVENT TECHS HLDGS INC (ADNH) had EBITDA of -$16.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is ADVENT TECHS HLDGS INC's gross margin?
ADVENT TECHS HLDGS 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.
What is ADVENT TECHS HLDGS INC's operating cash flow?
ADVENT TECHS HLDGS INC (ADNH) generated $1.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are ADVENT TECHS HLDGS INC's total assets?
ADVENT TECHS HLDGS INC (ADNH) had $8.0M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does ADVENT TECHS HLDGS INC spend on research and development?
ADVENT TECHS HLDGS INC (ADNH) invested $3.2M in research and development during fiscal year 2024.
What is ADVENT TECHS HLDGS INC's current ratio?
ADVENT TECHS HLDGS 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.
What is ADVENT TECHS HLDGS INC's P/E ratio?
ADVENT TECHS HLDGS INC (ADNH) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $2K as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ADVENT TECHS HLDGS INC's price-to-sales ratio?
ADVENT TECHS HLDGS INC (ADNH) trades at 0.0x sales, its market capitalization divided by revenue of $3.3M revenue, FY2024. The market capitalization is $2K as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is ADVENT TECHS HLDGS INC's debt-to-equity ratio negative or not reported?
ADVENT TECHS HLDGS INC (ADNH) has negative shareholder equity of -$21.3M as of fiscal year 2024, so no debt-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.
What is ADVENT TECHS HLDGS INC's Altman Z-Score?
ADVENT TECHS HLDGS 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.
Can ADVENT TECHS HLDGS INC cover its interest payments?
ADVENT TECHS HLDGS INC (ADNH) reported an operating loss of $18.4M against $535K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.