Applied Energetc Financials
This page shows Applied Energetc (AERG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Applied Energetc has an operating margin of -3233.6%, meaning the company retains $-3234 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -378.2% the prior year.
Applied Energetc's revenue declined 81% year-over-year, from $2.4M to $462K. This contraction results in a growth score of 0/100.
Applied Energetc carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.29, Applied Energetc holds $8.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Applied Energetc generated -$9.2M in operating cash flow, capex of $1.2M consumed most of it, leaving -$10.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Applied Energetc generates a -196.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -2336.1% the prior year.
Applied Energetc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Applied Energetc generates $0.62 in operating cash flow (-$9.2M OCF vs -$14.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Applied Energetc generated $462K in revenue in fiscal year 2025. This represents a decrease of 81.0% from the prior year.
Applied Energetc's EBITDA was -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 63.5% from the prior year.
Applied Energetc reported -$14.9M in net income in fiscal year 2025. This represents a decrease of 62.1% from the prior year.
Applied Energetc earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 75.0% from the prior year.
Cash & Balance Sheet
Applied Energetc generated -$10.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 101.7% from the prior year.
Applied Energetc held $6.4M in cash against $0 in long-term debt as of fiscal year 2025.
Applied Energetc had 224M shares outstanding in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Margins & Returns
Applied Energetc's gross margin was 53.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 14.9 percentage points from the prior year.
Applied Energetc's operating margin was -3233.6% in fiscal year 2025, reflecting core business profitability. This is down 2855.4 percentage points from the prior year.
Applied Energetc's net profit margin was -3221.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2843.0 percentage points from the prior year.
Applied Energetc's ROE was -196.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2139.4 percentage points from the prior year.
Capital Allocation
Applied Energetc invested $1.7M in research and development in fiscal year 2025. This represents an increase of 598.6% from the prior year.
Applied Energetc invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1149.1% from the prior year.
AERG Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109K+54.9% | $70K-66.5% | $210K-72.5% | $764K+2.2% | $748K-4.2% | $781K+481.5% | $134K-84.6% | $872K |
| Cost of Revenue | $53K+12.5% | $47K-25.7% | $64K-79.6% | $313K-38.5% | $509K+32.4% | $384K+40.0% | $274K+89.5% | $145K |
| Gross Profit | $56K+143.3% | $23K-84.3% | $146K-67.7% | $451K+88.8% | $239K-39.7% | $396K+382.8% | -$140K-119.3% | $727K |
| R&D Expenses | $456K+35.6% | $336K+4.1% | $323K+544.6% | $50K-28.7% | $70K+85.2% | $38K-53.1% | $81K+21.0% | $67K |
| SG&A Expenses | $3.4M+19.5% | $2.8M+8.2% | $2.6M+9.1% | $2.4M-2.7% | $2.5M+4.9% | $2.3M+1.1% | $2.3M-2.3% | $2.4M |
| Operating Income | -$4.0M-4.9% | -$3.8M-21.9% | -$3.1M-46.0% | -$2.1M+10.4% | -$2.4M-15.2% | -$2.1M+21.1% | -$2.6M-45.5% | -$1.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$4.0M-4.9% | -$3.8M-21.9% | -$3.1M-45.9% | -$2.1M+10.4% | -$2.4M-15.2% | -$2.1M+21.1% | -$2.6M-46.5% | -$1.8M |
| EPS (Diluted) | $-0.020.0% | $-0.02 | $0.00 | N/A | $-0.010.0% | $-0.01 | $0.00 | N/A |
AERG Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0M+13.7% | $3.5M-40.5% | $5.9M+186.3% | $2.1M-41.0% | $3.5M-24.8% | $4.7M+51.7% | $3.1M-13.2% | $3.5M |
| Current Assets | $1.8M+49.5% | $1.2M-73.1% | $4.5M+581.4% | $665K-67.2% | $2.0M-38.6% | $3.3M+98.0% | $1.7M-18.1% | $2.0M |
| Cash & Equivalents | $1.3M+53.9% | $866K-79.8% | $4.3M+2500.1% | $165K-89.8% | $1.6M-42.4% | $2.8M+177.2% | $1.0M-23.6% | $1.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $109K | N/A | $90K-73.1% | $336K+76.3% | $190K-9.8% | $211K-33.3% | $317K-44.2% | $568K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.7M+159.1% | $1.8M+11.9% | $1.6M-2.4% | $1.7M-12.0% | $1.9M+19.8% | $1.6M-48.6% | $3.1M+61.3% | $1.9M |
| Current Liabilities | $924K-7.1% | $995K+29.8% | $766K+4.6% | $732K-17.6% | $889K+27.3% | $698K-67.6% | $2.2M+132.3% | $927K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $189K | N/A |
| Total Equity | -$730K-143.0% | $1.7M-60.4% | $4.3M+992.9% | $393K-75.5% | $1.6M-47.9% | $3.1M+11682.5% | -$27K-101.6% | $1.6M |
| Retained Earnings | -$130.9M-3.1% | -$126.9M-3.1% | -$123.1M-2.6% | -$120.0M-1.8% | -$117.9M-2.1% | -$115.5M-1.8% | -$113.4M-2.4% | -$110.8M |
AERG Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M-3.9% | -$2.4M-38.4% | -$1.7M-27.4% | -$1.4M-27.7% | -$1.1M+5.7% | -$1.1M+26.9% | -$1.5M-76.7% | -$873K |
| Capital Expenditures | $30K-97.1% | $1.0M+809.1% | $114K+162.9% | $43K | $0 | N/A | N/A | $191K |
| Free Cash Flow | -$2.5M+26.6% | -$3.4M-86.0% | -$1.8M-31.6% | -$1.4M-31.8% | -$1.1M | N/A | N/A | -$1.1M |
| Investing Cash Flow | -$30K+97.1% | -$1.0M-809.1% | -$114K-162.9% | -$43K | $0 | N/A | N/A | -$191K |
| Financing Cash Flow | $3.0M+21386.4% | $14K-99.8% | $6.0M+14536.5% | -$41K+66.2% | -$122K-104.1% | $3.0M+141.3% | $1.2M+3637.5% | -$35K |
| Dividends Paid | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $48K | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AERG Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.0%+18.5pp | 32.5%-37.1pp | 69.5%+10.5pp | 59.1%+27.1pp | 32.0%-18.8pp | 50.8%+155.2pp | -104.4%-187.8pp | 83.4% |
| Operating Margin | -3643.8%+1738.7pp | -5382.5%-3901.8pp | -1480.6%-1202.2pp | -278.5%+39.2pp | -317.6%-53.6pp | -264.0%+1682.9pp | -1946.9%-1740.9pp | -206.1% |
| Net Margin | -3643.8%+1738.6pp | -5382.4%-3901.8pp | -1480.6%-1202.1pp | -278.5%+39.1pp | -317.6%-53.6pp | -264.0%+1681.4pp | -1945.4%-1740.9pp | -204.5% |
| Return on Equity | N/A | -222.8%-150.4pp | -72.4%+469.5pp | -541.8%-393.5pp | -148.3%-81.2pp | -67.1% | N/A | -110.1% |
| Return on Assets | -98.9%+8.3pp | -107.2%-54.8pp | -52.4%+50.4pp | -102.8%-35.1pp | -67.7%-23.5pp | -44.2%+40.8pp | -84.9%-34.6pp | -50.3% |
| Current Ratio | 1.97+0.7 | 1.22-4.7 | 5.91+5.0 | 0.91-1.4 | 2.28-2.4 | 4.73+4.0 | 0.77-1.4 | 2.20 |
| Debt-to-Equity | -6.50-7.6 | 1.08+0.7 | 0.38-3.9 | 4.27+3.1 | 1.19+0.7 | 0.52+7.7 | -7.14-8.3 | 1.19 |
| FCF Margin | -2312.3%+2569.3pp | -4881.6%-4001.7pp | -880.0%-696.4pp | -183.5%-41.3pp | -142.3% | N/A | N/A | -122.1% |
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Frequently Asked Questions
What is Applied Energetc's annual revenue?
Applied Energetc (AERG) reported $462K in total revenue for fiscal year 2025. This represents a -81.0% 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 Applied Energetc's revenue growing?
Applied Energetc (AERG) revenue declined by 81% year-over-year, from $2.4M to $462K in fiscal year 2025.
Is Applied Energetc profitable?
No, Applied Energetc (AERG) reported a net income of -$14.9M in fiscal year 2025, with a net profit margin of -3221.1%.
What is Applied Energetc's EBITDA?
Applied Energetc (AERG) had EBITDA of -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Applied Energetc's gross margin?
Applied Energetc (AERG) had a gross margin of 53.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Applied Energetc's operating margin?
Applied Energetc (AERG) had an operating margin of -3233.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Applied Energetc's net profit margin?
Applied Energetc (AERG) had a net profit margin of -3221.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Applied Energetc's return on equity (ROE)?
Applied Energetc (AERG) has a return on equity of -196.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Applied Energetc's free cash flow?
Applied Energetc (AERG) generated -$10.5M in free cash flow during fiscal year 2025. This represents a -101.7% 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 Applied Energetc's operating cash flow?
Applied Energetc (AERG) generated -$9.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Applied Energetc's total assets?
Applied Energetc (AERG) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Applied Energetc's capital expenditures?
Applied Energetc (AERG) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Applied Energetc spend on research and development?
Applied Energetc (AERG) invested $1.7M in research and development during fiscal year 2025.
What is Applied Energetc's current ratio?
Applied Energetc (AERG) had a current ratio of 8.29 as of fiscal year 2025, which is generally considered healthy.
What is Applied Energetc's debt-to-equity ratio?
Applied Energetc (AERG) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Applied Energetc's return on assets (ROA)?
Applied Energetc (AERG) had a return on assets of -164.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Applied Energetc's cash runway?
Based on fiscal year 2025 data, Applied Energetc (AERG) had $6.4M in cash against an annual operating cash burn of $9.2M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Applied Energetc's Piotroski F-Score?
Applied Energetc (AERG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Applied Energetc's earnings high quality?
Applied Energetc (AERG) has an earnings quality ratio of 0.62x, considered low quality (accrual-driven). 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.
How financially healthy is Applied Energetc?
Applied Energetc (AERG) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.