Xiao-I Corporation Financials
Xiao-I Corporation (AIXI) reported $12.3M in revenue for fiscal year 2025, down 82.5% 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).
Latest results show a cost base built for a larger business sitting on a much smaller and less profitable revenue stream.
Gross margin fell to44.4% in the latest year after staying above66.0% in each of the prior two years, showing gross-profit erosion before overhead is even considered. With revenue down to$12.3M but SG&A still at$76.6M , the business is now carrying a cost structure mismatch that a simple sales rebound would not quickly fix.
The balance sheet is operating with a thin liquidity cushion: cash was
Cash burn looks operational rather than capital-intensive: free cash flow was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Xiao-I Corporation'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.
Xiao-I Corporation passes 0 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Key Financial Metrics
Earnings & Revenue
Xiao-I Corporation generated $12.3M in revenue in fiscal year 2025. This represents a decrease of 82.5% from the prior year.
Xiao-I Corporation earned -$2.44 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 335.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Xiao-I Corporation recorded an outflow of $3.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 75.9% from the prior year.
Xiao-I Corporation held $2.3M in cash against $1.4M in long-term debt as of fiscal year 2025, with $103.3M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Xiao-I Corporation's gross margin was 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 23.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Xiao-I Corporation invested $24.5M in research and development in fiscal year 2025. This represents a decrease of 29.4% from the prior year.
Xiao-I Corporation invested $42K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 88.7% from the prior year.
Not reported for fiscal year 2025.
AIXI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue | $12.3M-82.5% | $70.3M+18.8% | $59.2M+22.8% | $48.2M+48.2% | $32.5M+134.7% | $13.9M |
| Cost of Revenue | $6.8M-69.2% | $22.3M+12.8% | $19.7M+13.6% | $17.4M+59.7% | $10.9M+50.6% | $7.2M |
| Gross Profit | $5.5M-88.6% | $48.0M+21.9% | $39.4M+28.0% | $30.8M+42.4% | $21.6M+226.4% | $6.6M |
| R&D Expenses | $24.5M-29.4% | $34.7M-33.8% | $52.4M+118.3% | $24.0M+347.5% | $5.4M+26.6% | $4.2M |
| SG&A Expenses | $76.6M+233.7% | $22.9M+420.5% | $4.4M-26.9% | $6.0M-9.4% | $6.7M+16.9% | $5.7M |
| Operating Income | N/A | -$12.9M+41.3% | -$21.9M-599.1% | -$3.1M-162.8% | $5.0M+163.5% | -$7.9M |
| Interest Expense | $453K+75.1% | $259K-59.2% | $634K-37.4% | $1.0M+24.2% | $816K | N/A |
| Income Tax | N/A | N/A | $3.8M+473.3% | $661K+19.6% | $552K+334.2% | -$236K |
| Net Income | N/A | -$14.5M+45.2% | -$26.5M-348.6% | -$5.9M-260.4% | $3.7M+152.1% | -$7.1M |
| EPS (Diluted) | -$2.44-335.7% | -$0.56+50.0% | -$1.12-314.8% | -$0.27-268.8% | $0.16+151.6% | -$0.31 |
AIXI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $15.9M-81.4% | $85.5M+28.9% | $66.3M+9.5% | $60.6M+28.4% | $47.2M | N/A |
| Current Assets | $11.9M-84.4% | $76.5M+101.0% | $38.1M-21.4% | $48.4M+35.2% | $35.8M | N/A |
| Cash & Equivalents | $2.3M+174.0% | $847K-45.9% | $1.6M+52.5% | $1.0M-21.8% | $1.3M+58.6% | $827K |
| Inventory | N/A | $14K-78.8% | $68K-91.2% | $768K-0.1% | $769K | N/A |
| Accounts Receivable | $6.3M-88.6% | $55.5M+96.1% | $28.3M-31.5% | $41.4M+32.6% | $31.2M | N/A |
| Total Liabilities | $116.5M+15.0% | $101.3M+35.4% | $74.8M+7.5% | $69.6M+37.6% | $50.6M | N/A |
| Current Liabilities | $103.3M+19.3% | $86.6M+50.2% | $57.7M+9.6% | $52.6M+45.9% | $36.1M | N/A |
| Long-Term Debt | $1.4M-45.3% | $2.5M | N/A | $3.3M | N/A | N/A |
| Total Equity | -$100.6M-724.1% | -$12.2M-150.9% | -$4.9M+17.4% | -$5.9M-3011.7% | -$189K+97.1% | -$6.6M |
| Retained Earnings | -$226.6M-80.8% | -$125.3M-13.1% | -$110.8M-41.2% | -$78.5M-8.1% | -$72.6M | N/A |
Not reported in any period shown, so not listed: Goodwill.
AIXI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.7M+75.6% | -$15.1M+4.1% | -$15.8M-44.5% | -$10.9M+8.1% | -$11.9M-243.3% | -$3.5M |
| Capital Expenditures | $42K-88.7% | $368K-83.0% | $2.2M+1926.4% | $107K+466.6% | $19K-5.4% | $20K |
| Free Cash Flow | -$3.7M+75.9% | -$15.5M+13.6% | -$18.0M-62.8% | -$11.0M+7.4% | -$11.9M-241.8% | -$3.5M |
| Investing Cash Flow | $42K+109.0% | -$469K+97.7% | -$20.1M-602.3% | -$2.9M-3797.2% | $77K+399.2% | -$26K |
| Financing Cash Flow | $5.7M-63.9% | $15.8M-56.6% | $36.5M+170.0% | $13.5M+10.8% | $12.2M+580.2% | $1.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AIXI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 44.4%-23.9pp | 68.3%+1.7pp | 66.6%+2.7pp | 63.9%-2.6pp | 66.5%+18.7pp | 47.8% |
| Operating Margin | N/A | -18.3%+18.8pp | -37.0%-30.5pp | -6.5%-21.9pp | 15.4%+72.1pp | -56.8% |
| Net Margin | N/A | -20.6%+24.1pp | -44.7%-32.5pp | -12.2%-23.5pp | 11.3%+62.2pp | -50.9% |
| Return on Assets | N/A | -17.0%+22.9pp | -39.9%-30.1pp | -9.7%-17.5pp | 7.8% | N/A |
| Current Ratio | 0.12-0.8x | 0.88+0.2x | 0.66-0.3x | 0.92-0.1x | 0.99 | N/A |
| FCF Margin | -30.3%-8.2pp | -22.1%+8.3pp | -30.3%-7.5pp | -22.9%+13.7pp | -36.6%-11.5pp | -25.1% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$100.6M), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Xiao-I Corporation Ranks
Frequently Asked Questions
What is Xiao-I Corporation's annual revenue?
Xiao-I Corporation (AIXI) reported $12.3M in total revenue for fiscal year 2025. This represents a -82.5% 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 Xiao-I Corporation's revenue growing?
Xiao-I Corporation (AIXI) revenue declined by 82.5% year-over-year, from $70.3M to $12.3M in fiscal year 2025.
How much debt does Xiao-I Corporation have?
As of fiscal year 2025, Xiao-I Corporation (AIXI) had $2.3M in cash and equivalents against $1.4M in long-term debt.
What is Xiao-I Corporation's gross margin?
Xiao-I Corporation (AIXI) had a gross margin of 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Xiao-I Corporation's free cash flow?
Xiao-I Corporation (AIXI) recorded an outflow of $3.7M in free cash flow during fiscal year 2025. This represents a 75.9% 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 Xiao-I Corporation's operating cash flow?
Xiao-I Corporation (AIXI) recorded an outflow of $3.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Xiao-I Corporation's total assets?
Xiao-I Corporation (AIXI) had $15.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Xiao-I Corporation's capital expenditures?
Xiao-I Corporation (AIXI) invested $42K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Xiao-I Corporation spend on research and development?
Xiao-I Corporation (AIXI) invested $24.5M in research and development during fiscal year 2025.
What is Xiao-I Corporation's current ratio?
Xiao-I Corporation (AIXI) had a current ratio of 0.12 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Xiao-I Corporation's cash runway?
Based on fiscal year 2025 data, Xiao-I Corporation (AIXI) had $2.3M in cash against an annual operating cash burn of $3.7M. 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.
Why is Xiao-I Corporation's debt-to-equity ratio negative or not reported?
Xiao-I Corporation (AIXI) has negative shareholder equity of -$100.6M as of fiscal year 2025, 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 Xiao-I Corporation's Piotroski F-Score?
Xiao-I Corporation (AIXI) has a Piotroski F-Score of 0 out of 6 computable signals; 3 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.
How financially healthy is Xiao-I Corporation?
Xiao-I Corporation (AIXI) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.