Applied Energe Financials
This page shows Applied Energe (AERGP) 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).
External financing rather than customer revenue is driving AERGP’s operations, with cash reserves rebuilt even as free cash burn widened.
FY2025 looked more liquid than FY2024, with the current ratio moving from 0.9x to 8.3x. That shift was financing-led: a$16.7M cash inflow more than covered free cash burn, even as revenue contracted81.0% , reversing the FY2024 liquidity squeeze without fixing commercial scale.
Cost structure, not product-level margin, is the main operating constraint, even though gross margin rebounded to
The balance sheet is cash-rich relative to liabilities in the near term, which reduces immediate lender pressure but does not solve the operating model. Cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Applied Energe's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Applied Energe 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 Energe's revenue declined 81% year-over-year, from $2.4M to $462K. This contraction results in a growth score of 0/100.
Applied Energe 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 Energe holds $8.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Applied Energe 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 Energe 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 Energe 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 Energe 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 Energe generated $462K in revenue in fiscal year 2025. This represents a decrease of 81.0% from the prior year.
Applied Energe'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 Energe reported -$14.9M in net income in fiscal year 2025. This represents a decrease of 62.1% from the prior year.
Applied Energe 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 Energe 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 Energe held $6.4M in cash against $0 in long-term debt as of fiscal year 2025.
Applied Energe had 230M shares outstanding in fiscal year 2025. This represents an increase of 7.4% from the prior year.
Margins & Returns
Applied Energe'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 Energe'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 Energe'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 Energe'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 Energe invested $1.7M in research and development in fiscal year 2025. This represents an increase of 598.6% from the prior year.
Applied Energe 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.
AERGP Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $73K-33.3% | $109K+54.9% | $70K-66.5% | $210K-72.5% | $764K+2.2% | $748K-4.2% | $781K |
| Cost of Revenue | N/A | $48K-10.5% | $53K+12.5% | $47K-25.7% | $64K-79.6% | $313K-38.5% | $509K+32.4% | $384K |
| Gross Profit | N/A | $25K-55.3% | $56K+143.3% | $23K-84.3% | $146K-67.7% | $451K+88.8% | $239K-39.7% | $396K |
| R&D Expenses | $375K-32.4% | $555K+21.7% | $456K+35.6% | $336K+4.1% | $323K+544.6% | $50K-28.7% | $70K+85.2% | $38K |
| SG&A Expenses | $3.3M-2.1% | $3.4M-0.7% | $3.4M+19.5% | $2.8M+8.2% | $2.6M+9.1% | $2.4M-2.7% | $2.5M+4.9% | $2.3M |
| Operating Income | -$3.8M+5.8% | -$4.1M-2.4% | -$4.0M-4.9% | -$3.8M-21.9% | -$3.1M-46.0% | -$2.1M+10.4% | -$2.4M-15.2% | -$2.1M |
| 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 | -$3.8M+5.0% | -$4.0M-1.0% | -$4.0M-4.9% | -$3.8M-21.9% | -$3.1M-45.9% | -$2.1M+10.4% | -$2.4M-15.2% | -$2.1M |
| EPS (Diluted) | $-0.02 | N/A | $-0.020.0% | $-0.02-100.0% | $-0.01 | N/A | $-0.010.0% | $-0.01 |
AERGP Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.6M-26.9% | $9.1M+125.7% | $4.0M+13.7% | $3.5M-40.5% | $5.9M+186.3% | $2.1M-41.0% | $3.5M-24.8% | $4.7M |
| Current Assets | $4.6M-33.3% | $7.0M+283.1% | $1.8M+49.5% | $1.2M-73.1% | $4.5M+581.4% | $665K-67.2% | $2.0M-38.6% | $3.3M |
| Cash & Equivalents | $4.1M-36.9% | $6.4M+383.1% | $1.3M+53.9% | $866K-79.8% | $4.3M+2500.1% | $165K-89.8% | $1.6M-42.4% | $2.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $0 | $0-100.0% | $109K | N/A | $90K-73.1% | $336K+76.3% | $190K-9.8% | $211K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5M+0.6% | $1.5M-68.3% | $4.7M+159.1% | $1.8M+11.9% | $1.6M-2.4% | $1.7M-12.0% | $1.9M+19.8% | $1.6M |
| Current Liabilities | $937K+11.5% | $840K-9.1% | $924K-7.1% | $995K+29.8% | $766K+4.6% | $732K-17.6% | $889K+27.3% | $698K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.1M-32.3% | $7.6M+1135.3% | -$730K-143.0% | $1.7M-60.4% | $4.3M+992.9% | $393K-75.5% | $1.6M-47.9% | $3.1M |
| Retained Earnings | -$138.7M-2.8% | -$134.9M-3.1% | -$130.9M-3.1% | -$126.9M-3.1% | -$123.1M-2.6% | -$120.0M-1.8% | -$117.9M-2.1% | -$115.5M |
AERGP Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3M+12.4% | -$2.6M-5.2% | -$2.5M-3.9% | -$2.4M-38.4% | -$1.7M-27.4% | -$1.4M-27.7% | -$1.1M+5.7% | -$1.1M |
| Capital Expenditures | $43K-18.3% | $53K+76.6% | $30K-97.1% | $1.0M+809.1% | $114K+162.9% | $43K | $0 | N/A |
| Free Cash Flow | -$2.3M+12.5% | -$2.7M-6.1% | -$2.5M+26.6% | -$3.4M-86.0% | -$1.8M-31.6% | -$1.4M-31.8% | -$1.1M | N/A |
| Investing Cash Flow | -$43K+18.3% | -$53K-76.6% | -$30K+97.1% | -$1.0M-809.1% | -$114K-162.9% | -$43K | $0 | N/A |
| Financing Cash Flow | -$32K-100.4% | $7.8M+160.4% | $3.0M+21386.4% | $14K-99.8% | $6.0M+14536.5% | -$41K+66.2% | -$122K-104.1% | $3.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AERGP Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 34.2%-16.8pp | 51.0%+18.5pp | 32.5%-37.1pp | 69.5%+10.5pp | 59.1%+27.1pp | 32.0%-18.8pp | 50.8% |
| Operating Margin | N/A | -5598.6%-1954.8pp | -3643.8%+1738.7pp | -5382.5%-3901.8pp | -1480.6%-1202.2pp | -278.5%+39.2pp | -317.6%-53.6pp | -264.0% |
| Net Margin | N/A | -5519.4%-1875.6pp | -3643.8%+1738.6pp | -5382.4%-3901.8pp | -1480.6%-1202.1pp | -278.5%+39.1pp | -317.6%-53.6pp | -264.0% |
| Return on Equity | -74.4%-21.4pp | -53.0% | N/A | -222.8%-150.4pp | -72.4%+469.5pp | -541.8%-393.5pp | -148.3%-81.2pp | -67.1% |
| Return on Assets | -57.4%-13.2pp | -44.2%+54.6pp | -98.9%+8.3pp | -107.2%-54.8pp | -52.4%+50.4pp | -102.8%-35.1pp | -67.7%-23.5pp | -44.2% |
| Current Ratio | 4.96-3.3 | 8.29+6.3 | 1.97+0.7 | 1.22-4.7 | 5.91+5.0 | 0.91-1.4 | 2.28-2.4 | 4.73 |
| Debt-to-Equity | 0.30+0.1 | 0.20+6.7 | -6.50-7.6 | 1.08+0.7 | 0.38-3.9 | 4.27+3.1 | 1.19+0.7 | 0.52 |
| FCF Margin | N/A | -3679.6%-1367.3pp | -2312.3%+2569.3pp | -4881.6%-4001.7pp | -880.0%-696.4pp | -183.5%-41.3pp | -142.3% | N/A |
Frequently Asked Questions
What is Applied Energe's annual revenue?
Applied Energe (AERGP) 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 Energe's revenue growing?
Applied Energe (AERGP) revenue declined by 81% year-over-year, from $2.4M to $462K in fiscal year 2025.
Is Applied Energe profitable?
No, Applied Energe (AERGP) reported a net income of -$14.9M in fiscal year 2025, with a net profit margin of -3221.1%.
What is Applied Energe's EBITDA?
Applied Energe (AERGP) had EBITDA of -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Applied Energe's gross margin?
Applied Energe (AERGP) 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 Energe's operating margin?
Applied Energe (AERGP) 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 Energe's net profit margin?
Applied Energe (AERGP) 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 Energe's return on equity (ROE)?
Applied Energe (AERGP) 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 Energe's free cash flow?
Applied Energe (AERGP) 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 Energe's operating cash flow?
Applied Energe (AERGP) generated -$9.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Applied Energe's total assets?
Applied Energe (AERGP) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Applied Energe's capital expenditures?
Applied Energe (AERGP) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Applied Energe spend on research and development?
Applied Energe (AERGP) invested $1.7M in research and development during fiscal year 2025.
What is Applied Energe's current ratio?
Applied Energe (AERGP) had a current ratio of 8.29 as of fiscal year 2025, which is generally considered healthy.
What is Applied Energe's debt-to-equity ratio?
Applied Energe (AERGP) 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 Energe's return on assets (ROA)?
Applied Energe (AERGP) 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 Energe's cash runway?
Based on fiscal year 2025 data, Applied Energe (AERGP) 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 Energe's Piotroski F-Score?
Applied Energe (AERGP) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Applied Energe's earnings high quality?
Applied Energe (AERGP) 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 Energe?
Applied Energe (AERGP) 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.