Ankam Financials

ANKM

Source SEC Filings (10-K/10-Q) Data as of May 31, 2026 Currency USD FYE November

This page shows Ankam (ANKM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

Rhea AI ANKM FY2025 2026-07-22

ANKM’s business mechanic is fixed-cost absorption: sales are scaling faster than losses, but the company still runs on a liability-heavy balance sheet.

From FY2023 to FY2025, revenue scale improved sharply, with sales rising from $27K to $325K. Cash conversion and cost absorption also improved: operating cash flow reached $109K even though net income was still -$67K, so liquidity improved before the business reached accounting profitability.

FY2025’s gross margin of 53.9% says the core offering now produces meaningful contribution after direct costs, but an operating margin of -20.7% shows corporate overhead still absorbs more than that contribution. That margin shape is more informative than the revenue jump by itself because it suggests added sales are covering fixed costs, not yet creating durable earnings.

The balance sheet remains liability-funded: liabilities of $620K sit against assets of $281K, leaving negative equity as a structural feature rather than a one-year event. A 0.3x current ratio shows short-term obligations still outweigh liquid resources, and receivables tied up in sales of $55K mean a meaningful share of sales had not yet become cash.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ankam's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe

21.90

Ankam scores 21.90, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($27.3M) relative to total liabilities ($575K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Ankam passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.43x

For every $1 of reported earnings, Ankam generates $-0.43 in operating cash flow ($109K OCF vs -$257K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$325K

YoY+211.2%

Ankam generated $325K in revenue in fiscal year 2025. This represents an increase of 211.2% from the prior year.

EBITDA

N/A

Net Income

-$257K

YoY-87.5%

Ankam reported -$257K in net income in fiscal year 2025. This represents a decrease of 87.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$132K

YoY+230970.2%

Ankam held $132K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

Ankam had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

53.9%

YoY-46.1pp

Ankam's gross margin was 53.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 46.1 percentage points from the prior year.

Operating Margin

-20.7%

YoY+258.1pp

Ankam's operating margin was -20.7% in fiscal year 2025, reflecting core business profitability. This is up 258.1 percentage points from the prior year.

Net Margin

-79.0%

YoY+52.1pp

Ankam's net profit margin was -79.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 52.1 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

YoY-100.0%

Ankam invested $0 in research and development in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

ANKM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$325K+211.2%	$104K+284.4%	$27K+1443.9%	$2K	N/A
Cost of Revenue	$150K	$0	N/A	N/A	N/A
Gross Profit	$175K+67.6%	$104K	N/A	N/A	N/A
R&D Expenses	$0-100.0%	$27K	N/A	N/A	N/A
SG&A Expenses	$2K+60.6%	$1K+185.9%	$390-62.9%	$1K-72.5%	$4K
Operating Income	-$67K+76.9%	-$291K+2.3%	-$298K	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	N/A	N/A
Net Income	-$257K-87.5%	-$137K+51.0%	-$279K-404.9%	-$55K-160.1%	-$21K
EPS (Diluted)	N/A	$-0.03+50.0%	$-0.06	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$45K	$0	N/A	$0-100.0%	$165K+120.0%	$75K+6.2%	$71K+711.9%	$9K
Cost of Revenue	$0	$0	N/A	$5K-92.2%	$63K+57.5%	$40K	$0	$0
Gross Profit	$45K	$0	N/A	-$5K-104.8%	$102K+191.4%	$35K-50.4%	$71K+711.9%	$9K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6K	$0	N/A	$71-95.7%	$2K	$0-100.0%	$871+1282.5%	$63
Operating Income	-$53K	N/A	N/A	-$61K-208.8%	$56K+626.3%	-$11K+65.0%	-$30K+57.1%	-$70K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	N/A	$0	$0	$0	$0	$0
Net Income	-$53K	N/A	N/A	-$61K-208.7%	$56K+626.3%	-$11K+65.0%	-$30K-136.0%	$84K
EPS (Diluted)	N/A	N/A	N/A	N/A	$0.01+534.8%	$-0.00	N/A	$0.01

ANKM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$184K+2.7%	$179K+65.0%	$108K-75.7%	$446K+4000.7%	$11K
Current Assets	$132K+77.5%	$74K-13.9%	$86K-51.3%	$177K+4169.2%	$4K
Cash & Equivalents	$132K+230970.2%	$57-80.1%	$286-87.4%	$2K+159.6%	$877
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$55K	$0-100.0%	$21K+345.6%	$5K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$575K+14.3%	$503K+16.0%	$434K-11.9%	$492K+1344.5%	$34K
Current Liabilities	$575K+14.3%	$503K+16.0%	$434K-11.9%	$492K+1344.5%	$34K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	-$391K-20.7%	-$324K+0.4%	-$325K-604.9%	-$46K-98.9%	-$23K
Retained Earnings	-$565K-13.5%	-$498K-37.9%	-$361K-341.5%	-$82K-409.1%	$26K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$32K-21.2%	$40K-78.0%	$184K-34.6%	$281K-24.3%	$371K+42.3%	$261K+45.8%	$179K+0.7%	$177K
Current Assets	$6K+252.8%	$2K-98.6%	$132K-38.9%	$216K-26.3%	$293K+72.9%	$169K+128.1%	$74K+24.2%	$60K
Cash & Equivalents	$6K+252.8%	$2K-98.6%	$132K+454.2%	$24K-82.4%	$135K+236161.4%	$570.0%	$57-99.7%	$19K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$55K-15.4%	$65K-13.3%	$75K	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$680K+7.1%	$635K+10.4%	$575K-7.3%	$620K-4.5%	$650K+9.2%	$595K+18.4%	$503K+6.7%	$471K
Current Liabilities	$680K+7.1%	$635K+10.4%	$575K-7.3%	$620K-4.5%	$650K+9.2%	$595K+18.4%	$503K+6.7%	$471K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$648K-9.0%	-$594K-51.9%	-$391K-15.2%	-$340K-21.7%	-$279K+16.6%	-$335K-3.3%	-$324K-10.3%	-$294K
Retained Earnings	-$821K-7.0%	-$768K-36.0%	-$565K-10.1%	-$513K-13.4%	-$453K+11.0%	-$508K-2.1%	-$498K-6.5%	-$468K

ANKM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$109K+169.5%	-$158K+50.8%	-$320K-337.5%	$135K+450.1%	$25K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0-100.0%	$241K+213.5%	$77K+1243.3%	-$7K
Financing Cash Flow	$22K-85.9%	$157K+104.3%	$77K-63.9%	$213K+567.6%	$32K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	N/A	-$158K-340.3%	$66K+160.6%	-$109K-171.5%	$152K	$0+100.0%	-$12K+91.2%	-$142K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	$0	$0	$0	$0	$0-100.0%	$131K+13139800.0%	$1
Financing Cash Flow	N/A	$29K-32.0%	$42K+2200.0%	-$2K+88.8%	-$18K	$0+100.0%	-$138K-186.3%	$160K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ANKM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	53.9%-46.1pp	100.0%	N/A	N/A	N/A
Operating Margin	-20.7%+258.1pp	-278.8%+818.1pp	-1096.9%	N/A	N/A
Net Margin	-79.0%+52.1pp	-131.0%+896.3pp	-1027.3%+2114.2pp	-3141.5%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-139.8%-63.2pp	-76.6%+181.1pp	-257.7%-245.3pp	-12.4%+183.0pp	-195.4%
Current Ratio	0.23+0.1	0.15-0.1	0.20-0.2	0.36+0.2	0.12
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	100.0%	N/A	N/A	N/A	61.8%+15.1pp	46.7%-53.3pp	100.0%0.0pp	100.0%
Operating Margin	-119.1%	N/A	N/A	N/A	33.8%+47.9pp	-14.1%+28.7pp	-42.8%+766.7pp	-809.5%
Net Margin	-119.1%	N/A	N/A	N/A	33.8%+47.9pp	-14.1%+28.7pp	-42.8%-1007.5pp	964.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-167.7%	N/A	N/A	-21.6%-36.6pp	15.0%+19.1pp	-4.1%+12.8pp	-16.9%-64.2pp	47.3%
Current Ratio	0.010.0	0.00-0.2	0.23-0.1	0.35-0.1	0.45+0.2	0.28+0.1	0.15+0.0	0.13
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$391K), 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 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Ankam's annual revenue?

Ankam (ANKM) reported $325K in total revenue for fiscal year 2025. This represents a 211.2% 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 Ankam's revenue growing?

Ankam (ANKM) revenue grew by 211.2% year-over-year, from $104K to $325K in fiscal year 2025.

Is Ankam profitable?

No, Ankam (ANKM) reported a net income of -$257K in fiscal year 2025, with a net profit margin of -79.0%.

What is Ankam's gross margin?

Ankam (ANKM) 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 Ankam's operating margin?

Ankam (ANKM) had an operating margin of -20.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ankam's net profit margin?

Ankam (ANKM) had a net profit margin of -79.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ankam's operating cash flow?

Ankam (ANKM) generated $109K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ankam's total assets?

Ankam (ANKM) had $184K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Ankam have outstanding?

Ankam (ANKM) had 5M shares outstanding as of fiscal year 2025.

What is Ankam's current ratio?

Ankam (ANKM) had a current ratio of 0.23 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Ankam's return on assets (ROA)?

Ankam (ANKM) had a return on assets of -139.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Ankam's debt-to-equity ratio negative or not reported?

Ankam (ANKM) has negative shareholder equity of -$391K 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 Ankam's Altman Z-Score?

Ankam (ANKM) has an Altman Z-Score of 21.90, placing it in the Safe Zone (low 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.

What is Ankam's Piotroski F-Score?

Ankam (ANKM) has a Piotroski F-Score of 5 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 Ankam's earnings high quality?

Ankam (ANKM) has an earnings quality ratio of -0.43x, considered mixed quality. 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.