Actelis Networks, Inc. Financials
Actelis Networks, Inc. (ASNS) reported $3.7M in revenue for fiscal year 2025, down 52.7% from the prior fiscal year. This page shows its 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).
Actelis is using new equity funding to support an asset-light business whose operations still consume cash.
In FY2025, free cash flow of-$7.7M was almost identical to operating cash flow of-$7.7M , which means reported losses were turning into real cash losses rather than being driven by accounting noise. The sturdier liquidity position therefore reflects recapitalization, not self-funding: financing added$9.8M and year-end cash reached$4.1M .
This is not a plant-heavy model; it is a scale problem. Gross margin fell to
The balance sheet now carries little debt pressure, but that understates the real funding mechanic. Long-term debt stayed at just
Financial Health Signals
We are recalculating Actelis Networks, Inc.'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.
Actelis Networks, Inc. scores -8.99, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.2M) relative to total liabilities ($4.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Actelis Networks, Inc. passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Actelis Networks, Inc. reported a net loss of $8.3M while operations used $7.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Actelis Networks, Inc. reported an operating loss of $7.2M against $251K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Actelis Networks, Inc. generated $3.7M in revenue in fiscal year 2025. This represents a decrease of 52.7% from the prior year.
Actelis Networks, Inc.'s EBITDA was -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 92.0% from the prior year.
Actelis Networks, Inc. reported -$8.3M in net income in fiscal year 2025. This represents a decrease of 88.9% from the prior year.
Actelis Networks, Inc. earned -$5.68 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Actelis Networks, Inc. recorded an outflow of $7.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 17.6% from the prior year.
Actelis Networks, Inc. held $4.1M in cash against $150K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Actelis Networks, Inc.'s gross margin was 33.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 21.9 percentage points from the prior year.
Actelis Networks, Inc.'s ROE was -172.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 25.7 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Actelis Networks, Inc. invested $2.6M in research and development in fiscal year 2025. This represents an increase of 10.7% from the prior year.
Actelis Networks, Inc. invested $9K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 800.0% from the prior year.
Not reported for fiscal year 2025.
ASNS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $4.1M | $3.7M-52.7% | $7.8M+38.4% | $5.6M-36.5% | $8.8M+3.3% | $8.5M |
| Cost of Revenue | $2.6M | $2.5M-29.7% | $3.5M-5.8% | $3.7M-21.5% | $4.7M+3.2% | $4.6M |
| Gross Profit | $1.5M | $1.2M-71.5% | $4.3M+124.7% | $1.9M-53.8% | $4.1M+3.5% | $4.0M |
| R&D Expenses | $2.6M | $2.6M+10.7% | $2.4M-11.8% | $2.7M-2.3% | $2.8M+13.2% | $2.4M |
| SG&A Expenses | $3.0M | $2.9M-8.5% | $3.2M-10.3% | $3.5M-15.2% | $4.2M+251.9% | $1.2M |
| Operating Income | -$7.0M | -$7.2M-91.2% | -$3.8M+49.0% | -$7.4M-20.7% | -$6.1M-228.0% | -$1.9M |
| Interest Expense | $315K | $251K+375.8% | -$91K-130.8% | $295K-64.5% | $830K+20.3% | $690K |
| Net Income | -$8.3M | -$8.3M-88.9% | -$4.4M+30.4% | -$6.3M+42.8% | -$11.0M-109.1% | -$5.3M |
| EPS (Diluted) | — | -$5.68 | -$8.50 | -$2.61 | -$9.45 | -$2.56 |
Not reported in any period shown, so not listed: Income Tax.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASNS 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 |
|---|---|---|---|---|---|
| Total Assets | $9.5M+15.9% | $8.2M-26.7% | $11.2M-24.3% | $14.8M+216.4% | $4.7M |
| Current Assets | $8.6M+24.5% | $6.9M+16.8% | $5.9M-45.8% | $10.9M+163.8% | $4.1M |
| Cash & Equivalents | $4.1M+106.3% | $2.0M+217.3% | $620K-84.3% | $3.9M+469.0% | $693K |
| Inventory | $2.5M+1.0% | $2.4M-3.6% | $2.5M+114.2% | $1.2M+31.4% | $897K |
| Accounts Receivable | $1.1M-34.5% | $1.6M+143.4% | $664K | N/A | N/A |
| Total Liabilities | $4.7M-9.7% | $5.2M-51.6% | $10.8M-6.2% | $11.6M-52.4% | $24.3M |
| Current Liabilities | $3.5M-23.8% | $4.6M-33.7% | $6.9M+11.4% | $6.2M+4.2% | $6.0M |
| Long-Term Debt | $150K0.0% | $150K-95.2% | $3.2M-31.8% | $4.6M+756.5% | $540K |
| Total Equity | $4.8M+60.7% | $3.0M+669.3% | $388K-88.1% | $3.3M+116.7% | -$19.6M |
| Retained Earnings | -$52.3M-18.7% | -$44.1M-11.0% | -$39.7M-18.8% | -$33.4M-49.0% | -$22.4M |
Not reported in any period shown, so not listed: Goodwill.
ASNS 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 | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.1M | -$7.7M-17.4% | -$6.5M+0.4% | -$6.6M+15.3% | -$7.8M-185.0% | -$2.7M |
| Capital Expenditures | $93K | $9K+800.0% | $1K-88.9% | $9K | N/A | $54K |
| Free Cash Flow | -$8.2M | -$7.7M-17.6% | -$6.5M+0.5% | -$6.6M | N/A | -$2.8M |
| Investing Cash Flow | -$55K | -$8K-104.1% | $197K-94.8% | $3.8M+194.7% | -$4.0M-7370.4% | -$54K |
| Financing Cash Flow | $13.2M | $9.8M+216.7% | $3.1M-17.8% | $3.8M-75.4% | $15.3M+426.4% | $2.9M |
| Share Buybacks | N/A | N/A | N/A | $50K | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASNS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 33.2%-21.9pp | 55.0%+21.1pp | 33.9%-12.7pp | 46.5%+0.1pp | 46.5% |
| Operating Margin | -195.7% | -48.4% | -131.3% | -69.1%-47.3pp | -21.8% |
| Net Margin | -225.0% | -56.4% | -112.1% | -124.4% | -61.5% |
| Return on Equity | -172.2%-25.7pp | -146.5%+1473.6pp | -1620.1%-1283.7pp | -336.4% | N/A |
| Return on Assets | -86.7%-33.5pp | -53.2%+2.8pp | -56.0%+18.1pp | -74.1%+38.0pp | -112.1% |
| Current Ratio | 2.46+1.0x | 1.51+0.7x | 0.86-0.9x | 1.76+1.1x | 0.69 |
| Debt-to-Equity | 0.030.0x | 0.05-8.1x | 8.13+6.7x | 1.42 | N/A |
| FCF Margin | -209.8% | -84.4% | -117.5% | N/A | -32.5% |
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.
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Where Actelis Networks, Inc. Ranks
Frequently Asked Questions
What is Actelis Networks, Inc.'s annual revenue?
Actelis Networks, Inc. (ASNS) reported $3.7M in total revenue for fiscal year 2025. This represents a -52.7% 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 Actelis Networks, Inc.'s revenue growing?
Actelis Networks, Inc. (ASNS) revenue declined by 52.7% year-over-year, from $7.8M to $3.7M in fiscal year 2025.
Is Actelis Networks, Inc. profitable?
No, Actelis Networks, Inc. (ASNS) reported a net income of -$8.3M in fiscal year 2025.
What is Actelis Networks, Inc.'s EBITDA?
Actelis Networks, Inc. (ASNS) had EBITDA of -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Actelis Networks, Inc. have?
As of fiscal year 2025, Actelis Networks, Inc. (ASNS) had $4.1M in cash and equivalents against $150K in long-term debt.
What is Actelis Networks, Inc.'s gross margin?
Actelis Networks, Inc. (ASNS) had a gross margin of 33.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Actelis Networks, Inc.'s return on equity (ROE)?
Actelis Networks, Inc. (ASNS) has a return on equity of -172.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Actelis Networks, Inc.'s free cash flow?
Actelis Networks, Inc. (ASNS) recorded an outflow of $7.7M in free cash flow during fiscal year 2025. This represents a -17.6% 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 Actelis Networks, Inc.'s operating cash flow?
Actelis Networks, Inc. (ASNS) recorded an outflow of $7.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Actelis Networks, Inc.'s total assets?
Actelis Networks, Inc. (ASNS) had $9.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Actelis Networks, Inc.'s capital expenditures?
Actelis Networks, Inc. (ASNS) invested $9K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Actelis Networks, Inc. spend on research and development?
Actelis Networks, Inc. (ASNS) invested $2.6M in research and development during fiscal year 2025.
What is Actelis Networks, Inc.'s current ratio?
Actelis Networks, Inc. (ASNS) had a current ratio of 2.46 as of fiscal year 2025, which is generally considered healthy.
What is Actelis Networks, Inc.'s debt-to-equity ratio?
Actelis Networks, Inc. (ASNS) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Actelis Networks, Inc.'s return on assets (ROA)?
Actelis Networks, Inc. (ASNS) had a return on assets of -86.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Actelis Networks, Inc.'s Altman Z-Score?
Actelis Networks, Inc. (ASNS) has an Altman Z-Score of -8.99, placing it in the Distress Zone (elevated 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 Actelis Networks, Inc.'s Piotroski F-Score?
Actelis Networks, Inc. (ASNS) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Actelis Networks, Inc.'s earnings high quality?
Actelis Networks, Inc. (ASNS) reported a net loss of $8.3M while operations used $7.7M 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.
Can Actelis Networks, Inc. cover its interest payments?
Actelis Networks, Inc. (ASNS) reported an operating loss of $7.2M against $251K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.