Aether Holdings, Inc. (ATHR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 24, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 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 ATHR SEC filings page.
Aether Holdings, Inc. (ATHR) reported $1.3M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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 funding operating losses while gross margins remain intact and overhead overwhelms the business.
The gross-margin structure held or improved, from69.1% in FY2024 to70.8% in FY2025, so the cost of revenue was not the main source of deterioration. Overhead absorption was the constraint: FY2025 SG&A reached$3.6M against gross profit of$977K , leaving little room for operating expenses.
Operating cash flow deteriorated from
The current ratio rose from 1.2x to 9.2x as the balance sheet expanded, a structural improvement in short-term coverage rather than evidence of operating self-funding. External funding outweighed operating cash outflow, while the reported liquidity comparison was 0.5 months of annual outflow.
Financial Health Signals
Scored against operating 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 Aether Holdings, Inc.'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.
Not available for Aether Holdings, Inc., and counted as zero in the overall score.
Aether Holdings, Inc.'s revenue declined 4.1% year-over-year, from $1.4M to $1.4M. This contraction results in a growth score of 18/100.
Aether Holdings, Inc. carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.21, Aether Holdings, Inc. holds $9.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Aether Holdings, Inc.'s reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 2/100.
Not available for Aether Holdings, Inc., and counted as zero in the overall score.
Aether Holdings, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Aether Holdings, Inc. reported a net loss of $3.1M while operations used $3.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Aether Holdings, Inc. generated $329K in revenue in Q3 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 2.2%.
Aether Holdings, Inc. reported -$1.3M in net income in Q3 2026. This represents a decrease of 33.5% from the same quarter a year earlier. Against the prior quarter it is down 30.5%.
Aether Holdings, Inc. earned -$0.11 per diluted share (EPS) in Q3 2026. This represents a decrease of 37.5% from the same quarter a year earlier. Against the prior quarter it is down 37.5%.
Not reported for Q3 2026.
Cash & Balance Sheet
Aether Holdings, Inc. recorded an outflow of $1.2M in free cash flow in Q3 2026, representing a cash shortfall after capex. Against the prior quarter it is down 30.0%.
Aether Holdings, Inc. held $254K in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
Aether Holdings, Inc.'s gross margin was 80.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 10.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Aether Holdings, Inc.'s ROE was -133.1% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 116.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 89.1 percentage points.
Not reported for Q3 2026.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Aether Holdings, Inc. invested $101K in research and development in Q3 2026. Against the prior quarter it is up 37.6%.
Aether Holdings, Inc. invested $7K in capex in Q3 2026, funding long-term assets and infrastructure.
Not reported for Q3 2026.
ATHR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $329K-4.0% | $336K-1.7% | $339K-4.5% | $342K | $342K-4.0% | $342K-6.4% | $355K | N/A |
| Cost of Revenue | $64K-37.5% | $65K-40.9% | $66K-38.2% | $83K | $103K-6.4% | $110K0.0% | $108K | N/A |
| Gross Profit | $264K+10.5% | $271K+16.8% | $272K+10.2% | $259K | $239K-2.9% | $232K-9.1% | $247K | N/A |
| R&D Expenses | $101K | $73K | $58K | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.3M+13.7% | $1.1M+86.7% | $1.3M+164.2% | $1.4M | $1.1M+119.8% | $566K+38.2% | $510K | N/A |
| Interest Expense | $70K+46.2% | $6K | $25K | N/A | $48K | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $0 | $5K | N/A | N/A |
| Net Income | -$1.3M-33.5% | -$1.0M-163.7% | -$1.3M-302.6% | -$1.4M | -$1.0M-236.6% | -$390K-114.1% | -$322K-243.0% | N/A |
| EPS (Basic) | -$0.11-37.5% | -$0.08-100.0% | -$0.11-266.7% | -$0.13-225.0% | -$0.08-166.7% | -$0.04-100.0% | -$0.03 | -$0.04 |
| EPS (Diluted) | -$0.11-37.5% | -$0.08-100.0% | -$0.11-266.7% | -$0.13-225.0% | -$0.08-166.7% | -$0.04-100.0% | -$0.03 | -$0.04 |
| Diluted Shares (Avg) | 12M+2.3% | 12M+21.1% | 12M+20.8% | N/A | 12M+18.4% | 10M+5.2% | 10M | N/A |
Not reported in any period shown, so not listed: Operating Income, EBITDA.
ATHR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6M-28.9% | $3.0M+710.8% | $4.0M | $5.0M+600.0% | $6.5M | $368K | N/A | $719K |
| Current Assets | $2.7M-59.0% | $1.1M+196.4% | $2.2M | $4.8M+567.9% | $6.5M | $365K | N/A | $716K |
| Cash & Equivalents | $254K+35.8% | $216K+20.4% | $263K-33.1% | $160K-17.1% | $187K-77.1% | $179K-77.2% | $394K | $192K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0-100.0% | $0 | $0 | $0 | $9K | $0 | $0 | $0 |
| Total Liabilities | $3.6M+522.5% | $641K-33.5% | $637K | $519K-14.0% | $583K | $964K | N/A | $603K |
| Current Liabilities | $792K+35.9% | $641K-33.5% | $637K | $519K-14.0% | $583K | $964K | N/A | $603K |
| Non-Current Liabilities | $2.8M | $0 | $0 | $0 | $0 | $0 | N/A | $0 |
| Total Equity | $1.0M-83.0% | $2.3M+492.6% | $3.4M+1734.9% | $4.5M+3791.4% | $5.9M+1448.9% | -$596K-264.5% | -$206K-172.9% | $116K |
| Retained Earnings | -$8.9M-134.9% | -$7.5M-171.7% | -$6.5M | -$5.2M-152.7% | -$3.8M | -$2.8M | N/A | -$2.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ATHR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.2M+40.5% | -$919K-785.9% | -$1.0M-290.7% | -$1.6M-308.0% | -$2.0M-558.7% | -$104K | -$258K | -$385K |
| Depreciation & Amortization | $37K+5909.7% | $30K+5568.9% | $8K+1380.7% | -$593-213.4% | $609+16.4% | $524+0.2% | $523 | $523 |
| Capital Expenditures | $7K | $0 | $1.2M | $1K | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$1.2M | -$919K | -$2.2M | -$1.6M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $13K | -$72K | -$1.6M | -$241K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | $0-100.0% | $7.7M+4201.9% | -$97K | $94K | $126K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$36K |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
ATHR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.4%+10.5pp | 80.7%+12.8pp | 80.4%+10.7pp | 75.7% | 69.9%+0.8pp | 67.9%-2.0pp | 69.7% | N/A |
| Net Margin | -408.5% | -306.2% | -382.9% | -416.2% | -293.8% | -114.1% | -90.8% | N/A |
| Return on Equity | -133.1%-116.2pp | -44.0% | -38.5% | -31.5% | -16.9%+61.0pp | N/A | N/A | N/A |
| Return on Assets | -29.0%-13.5pp | -34.5%+71.6pp | -32.4% | -28.3% | -15.4% | -106.1% | N/A | N/A |
| Current Ratio | 3.37-7.8x | 1.69+1.3x | 3.38 | 9.21+8.0x | 11.18 | 0.38 | N/A | 1.19 |
| Debt-to-Equity | 3.60+3.5x | 0.27 | 0.19 | 0.11-5.1x | 0.10 | N/A | N/A | 5.20 |
| Asset Turnover | 0.070.0x | 0.11-0.8x | 0.08 | 0.07 | 0.05 | 0.93 | N/A | N/A |
| FCF Margin | -363.6% | -273.5% | -642.5% | -460.2% | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Operating Margin.
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: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Aether Holdings, Inc. ATHR | FY2025 | $1.4M | -$3.1M | N/A | $44.1M | 33/100 |
| VirTra, Inc. VTSI | FY2025 | $22.4M | $258K | 1.1% | $32.6M | 59/100 |
| Upland Software, Inc. UPLD | FY2025 | $216.9M | $40.4M | 18.6% | $10.5M | 23/100 |
| Aware Inc AWRE | FY2025 | $17.3M | $5.9M | 34.0% | $25.3M | 39/100 |
| mF International Limited MFI | FY2025 | $4.3M | $10.1M | N/A | $471.7M | 37/100 |
Where Aether Holdings, Inc. Ranks
Frequently Asked Questions
What is Aether Holdings, Inc.'s annual revenue?
Aether Holdings, Inc. (ATHR) reported $1.4M in total revenue for fiscal year 2025. This represents a -4.1% 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 Aether Holdings, Inc.'s revenue growing?
Aether Holdings, Inc. (ATHR) revenue declined by 4.1% year-over-year, from $1.4M to $1.4M in fiscal year 2025.
Is Aether Holdings, Inc. profitable?
No, Aether Holdings, Inc. (ATHR) reported a net income of -$3.1M in fiscal year 2025.
What is Aether Holdings, Inc.'s gross margin?
Aether Holdings, Inc. (ATHR) had a gross margin of 70.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Aether Holdings, Inc.'s return on equity (ROE)?
Aether Holdings, Inc. (ATHR) has a return on equity of -69.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Aether Holdings, Inc.'s free cash flow?
Aether Holdings, Inc. (ATHR) recorded an outflow of $3.6M in free cash flow during fiscal year 2025. 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 Aether Holdings, Inc.'s operating cash flow?
Aether Holdings, Inc. (ATHR) recorded an outflow of $3.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Aether Holdings, Inc.'s total assets?
Aether Holdings, Inc. (ATHR) had $5.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Aether Holdings, Inc.'s capital expenditures?
Aether Holdings, Inc. (ATHR) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Aether Holdings, Inc. spend on research and development?
Aether Holdings, Inc. (ATHR) invested $53K in research and development during fiscal year 2025.
What is Aether Holdings, Inc.'s current ratio?
Aether Holdings, Inc. (ATHR) had a current ratio of 9.21 as of fiscal year 2025, which is generally considered healthy.
What is Aether Holdings, Inc.'s debt-to-equity ratio?
Aether Holdings, Inc. (ATHR) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aether Holdings, Inc.'s return on assets (ROA)?
Aether Holdings, Inc. (ATHR) had a return on assets of -62.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Aether Holdings, Inc.'s P/E ratio?
Aether Holdings, Inc. (ATHR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $44.1M as of Sep 24, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Aether Holdings, Inc.'s price-to-sales ratio?
Aether Holdings, Inc. (ATHR) trades at 32.7x sales, its market capitalization divided by revenue of $1.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $44.1M as of Sep 24, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Aether Holdings, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Aether Holdings, Inc. (ATHR) held $160K in cash, cash equivalents and investments, and reported an operating cash outflow of $3.6M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Aether Holdings, Inc.'s Piotroski F-Score?
Aether Holdings, Inc. (ATHR) has a Piotroski F-Score of 3 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 Aether Holdings, Inc.'s earnings high quality?
Aether Holdings, Inc. (ATHR) reported a net loss of $3.1M while operations used $3.6M 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.
How financially healthy is Aether Holdings, Inc.?
Aether Holdings, Inc. (ATHR) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.