APPLIED ENERGETIC PFD A (AERGP) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AERGP SEC filings page.
APPLIED ENERGETIC PFD A (AERGP) reported $462K in revenue for fiscal year 2025, down 81.0% from the prior fiscal year. This page shows its 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 is carrying a development-stage cost base as revenue remains too small to absorb operating spending.
Revenue fell to$462K from$2.4M in FY2024, while operating loss widened; the cost base expanded as the commercial base contracted. Gross margin recovered to54.0% from39.0% , but that margin improvement did not overcome the scale gap.
The 2025 financing inflow of
Development spending accelerated: R&D reached
Financial Health Signals
APPLIED ENERGETIC PFD A 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.
APPLIED ENERGETIC PFD A 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.
APPLIED ENERGETIC PFD A reported a net loss of $14.9M while operations used $9.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
APPLIED ENERGETIC PFD A generated $62K in revenue in Q2 2026. This represents a decrease of 11.9% from the same quarter a year earlier.
APPLIED ENERGETIC PFD A's EBITDA was -$4.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.0% from the same quarter a year earlier. Against the prior quarter it is down 12.6%.
APPLIED ENERGETIC PFD A reported -$4.3M in net income in Q2 2026. This represents a decrease of 13.0% from the same quarter a year earlier. Against the prior quarter it is down 12.4%.
APPLIED ENERGETIC PFD A earned -$0.02 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Cash & Balance Sheet
APPLIED ENERGETIC PFD A recorded an outflow of $2.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 16.6% from the same quarter a year earlier. Against the prior quarter it is down 22.4%.
APPLIED ENERGETIC PFD A held $1.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
APPLIED ENERGETIC PFD A's gross margin was 65.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 32.7 percentage points from the same quarter a year earlier.
APPLIED ENERGETIC PFD A's ROE was -195.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 27.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 121.4 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
APPLIED ENERGETIC PFD A invested $699K in research and development in Q2 2026. This represents an increase of 108.0% from the same quarter a year earlier. Against the prior quarter it is up 86.4%.
APPLIED ENERGETIC PFD A invested $37K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 96.4% from the same quarter a year earlier. Against the prior quarter it is down 14.6%.
Not reported for Q2 2026.
AERGP 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62K-11.9% | N/A | $73K-90.5% | $109K-85.4% | $70K-91.0% | $210K+56.3% | $764K-12.4% | $748K+4.9% |
| Cost of Revenue | $22K-54.6% | N/A | $48K-84.7% | $53K-89.5% | $47K-87.6% | $64K-76.7% | $313K+115.9% | $509K+191.7% |
| Gross Profit | $40K+77.0% | N/A | $25K-94.5% | $56K-76.7% | $23K-94.2% | $146K+204.0% | $451K-37.9% | $239K-55.6% |
| R&D Expenses | $699K+108.0% | $375K+16.1% | $555K+1007.4% | $456K+549.0% | $336K+786.5% | $323K+299.9% | $50K-24.9% | $70K+29.5% |
| SG&A Expenses | $3.4M+21.1% | $3.3M+25.8% | $3.4M+40.1% | $3.4M+37.3% | $2.8M+20.5% | $2.6M+12.6% | $2.4M+0.9% | $2.5M+10.7% |
| Operating Income | -$4.3M-13.6% | -$3.8M-23.3% | -$4.1M-91.2% | -$4.0M-67.2% | -$3.8M-83.7% | -$3.1M-18.8% | -$2.1M-18.4% | -$2.4M-29.8% |
| EBITDA | -$4.2M-13.0% | -$3.7M-22.7% | -$4.0M | -$3.9M-67.8% | -$3.7M | -$3.0M-19.1% | N/A | -$2.3M-29.3% |
| Net Income | -$4.3M-13.0% | -$3.8M-22.6% | -$4.0M-88.5% | -$4.0M-67.2% | -$3.8M-83.7% | -$3.1M-18.9% | -$2.1M-19.3% | -$2.4M-31.1% |
| EPS (Basic) | -$0.020.0% | -$0.02-100.0% | -$0.02-100.0% | -$0.02-100.0% | -$0.02-100.0% | -$0.01 | -$0.01 | -$0.010.0% |
| EPS (Diluted) | -$0.020.0% | -$0.02 | -$0.02-100.0% | -$0.02-100.0% | -$0.02-100.0% | -$0.01 | -$0.01 | -$0.010.0% |
| Diluted Shares (Avg) | 230M+3.5% | 230M | N/A | N/A | 222M+4.5% | 217M+2.9% | N/A | 214M+1.2% |
Not reported in any period shown, so not listed: Interest Expense, Income Tax.
AERGP 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.1M+15.2% | $6.6M+11.8% | $9.1M+337.7% | $4.0M+14.5% | $3.5M-24.3% | $5.9M+92.9% | $2.1M-41.5% | $3.5M-20.5% |
| Current Assets | $2.2M+81.6% | $4.6M+2.6% | $7.0M+948.4% | $1.8M-10.2% | $1.2M-63.2% | $4.5M+171.6% | $665K-67.3% | $2.0M-32.8% |
| Cash & Equivalents | $1.1M+29.0% | $4.1M-5.2% | $6.4M+3805.1% | $1.3M-17.2% | $866K-69.0% | $4.3M+325.2% | $165K-87.5% | $1.6M-33.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $81K | $0-100.0% | $0-100.0% | $109K-42.8% | $0-100.0% | $90K-71.5% | $336K-40.9% | $190K-52.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.9M+2.8% | $1.5M-7.6% | $1.5M-10.3% | $4.7M+148.9% | $1.8M+15.0% | $1.6M-47.2% | $1.7M-12.7% | $1.9M-4.4% |
| Current Liabilities | $1.4M+40.6% | $937K+22.3% | $840K+14.7% | $924K+4.0% | $995K+42.5% | $766K-64.4% | $732K-21.0% | $889K-6.7% |
| Non-Current Liabilities | $485K-42.0% | $576K-33.8% | $665K-29.7% | $3.8M+275.3% | $837K-6.4% | $871K-8.0% | $946K-4.9% | $1.0M-2.2% |
| Total Equity | $2.2M+28.6% | $5.1M+19.2% | $7.6M+1824.8% | -$730K-145.6% | $1.7M-44.7% | $4.3M+16284.3% | $393K-75.8% | $1.6M-33.8% |
| Retained Earnings | -$142.9M-12.7% | -$138.7M-12.7% | -$134.9M-12.4% | -$130.9M-11.0% | -$126.9M-9.9% | -$123.1M-8.5% | -$120.0M-8.3% | -$117.9M-8.1% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
AERGP 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M-18.0% | -$2.3M-32.6% | -$2.6M-92.9% | -$2.5M-134.1% | -$2.4M-112.4% | -$1.7M-12.3% | -$1.4M-55.6% | -$1.1M-108.9% |
| Depreciation & Amortization | $87K+49.9% | $88K+57.0% | $87K+50.1% | $81K+42.1% | $58K | $56K+7.1% | $58K+55.7% | $57K+53.9% |
| Stock-Based Compensation | N/A | $1.3M+35.9% | N/A | N/A | N/A | $992K+3.8% | N/A | N/A |
| Capital Expenditures | $37K-96.4% | $43K-62.0% | $53K+22.3% | $30K | $1.0M | $114K | $43K-77.3% | $0-100.0% |
| Free Cash Flow | -$2.9M+16.6% | -$2.3M-26.8% | -$2.7M-90.7% | -$2.5M-136.9% | -$3.4M | -$1.8M | -$1.4M-31.7% | -$1.1M-72.5% |
| Investing Cash Flow | -$37K+96.4% | -$43K+62.0% | -$53K-22.3% | -$30K | -$1.0M | -$114K | -$43K+77.3% | $0+100.0% |
| Financing Cash Flow | -$7K-153.0% | -$32K-100.5% | $7.8M+18918.8% | $3.0M+2545.9% | $14K-99.5% | $6.0M+384.8% | -$41K-18.8% | -$122K+34.5% |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
Not reported in any period shown, so not listed: Share Buybacks.
AERGP 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.2%+32.7pp | N/A | 34.2%-24.9pp | 51.0%+19.0pp | 32.5%-18.3pp | 69.5% | 59.1%-24.3pp | 32.0%-43.6pp |
| Operating Margin | -6934.9% | N/A | -5598.6% | -3643.8% | -5382.5% | -1480.6% | -278.5% | -317.6% |
| Net Margin | -6901.2% | N/A | -5519.4% | -3643.8% | -5382.4% | -1480.6% | -278.5% | -317.6% |
| Return on Equity | -195.8%+27.0pp | -74.4%-2.1pp | -53.0%+488.8pp | N/A | -222.8%-155.7pp | -72.4% | -541.8%-431.8pp | -148.3%-73.5pp |
| Return on Assets | -105.2%+2.1pp | -57.4%-5.1pp | -44.2%+58.5pp | -98.9%-31.2pp | -107.2%-63.0pp | -52.4%+32.6pp | -102.8%-52.4pp | -67.7%-26.7pp |
| Current Ratio | 1.58+0.4x | 4.96-1.0x | 8.29+7.4x | 1.97-0.3x | 1.22-3.5x | 5.91+5.1x | 0.91-1.3x | 2.28-0.9x |
| Debt-to-Equity | 0.86-0.2x | 0.30-0.1x | 0.20-4.1x | N/A | 1.08+0.6x | 0.38 | 4.27+3.1x | 1.19+1.2x |
| Asset Turnover | 0.020.0x | N/A | 0.01-0.4x | 0.03-0.2x | 0.02-0.1x | 0.040.0x | 0.37+0.1x | 0.21+0.1x |
| FCF Margin | -4620.7% | N/A | -3679.6% | -2312.3% | -4881.6% | -880.0% | -183.5% | -142.3% |
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: Operating Margin, Net Margin, FCF Margin.
Where APPLIED ENERGETIC PFD A Ranks
Frequently Asked Questions
What is APPLIED ENERGETIC PFD A's annual revenue?
APPLIED ENERGETIC PFD A (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 ENERGETIC PFD A's revenue growing?
APPLIED ENERGETIC PFD A (AERGP) revenue declined by 81.0% year-over-year, from $2.4M to $462K in fiscal year 2025.
Is APPLIED ENERGETIC PFD A profitable?
No, APPLIED ENERGETIC PFD A (AERGP) reported a net income of -$14.9M in fiscal year 2025.
What is APPLIED ENERGETIC PFD A's EBITDA?
APPLIED ENERGETIC PFD A (AERGP) had EBITDA of -$14.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is APPLIED ENERGETIC PFD A's gross margin?
APPLIED ENERGETIC PFD A (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 ENERGETIC PFD A's return on equity (ROE)?
APPLIED ENERGETIC PFD A (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 ENERGETIC PFD A's free cash flow?
APPLIED ENERGETIC PFD A (AERGP) recorded an outflow of $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 ENERGETIC PFD A's operating cash flow?
APPLIED ENERGETIC PFD A (AERGP) recorded an outflow of $9.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are APPLIED ENERGETIC PFD A's total assets?
APPLIED ENERGETIC PFD A (AERGP) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are APPLIED ENERGETIC PFD A's capital expenditures?
APPLIED ENERGETIC PFD A (AERGP) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does APPLIED ENERGETIC PFD A spend on research and development?
APPLIED ENERGETIC PFD A (AERGP) invested $1.7M in research and development during fiscal year 2025.
What is APPLIED ENERGETIC PFD A's current ratio?
APPLIED ENERGETIC PFD A (AERGP) had a current ratio of 8.29 as of fiscal year 2025, which is generally considered healthy.
What is APPLIED ENERGETIC PFD A's debt-to-equity ratio?
APPLIED ENERGETIC PFD A (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 ENERGETIC PFD A's return on assets (ROA)?
APPLIED ENERGETIC PFD A (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 ENERGETIC PFD A's Piotroski F-Score?
APPLIED ENERGETIC PFD A (AERGP) 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 APPLIED ENERGETIC PFD A's earnings high quality?
APPLIED ENERGETIC PFD A (AERGP) reported a net loss of $14.9M while operations used $9.2M 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.