Ayro Inc Financials
This page shows Ayro Inc (AYRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ayro Inc has an operating margin of -30382.4%, meaning the company retains $-30382 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -5643.5% the prior year.
Ayro Inc's revenue declined 87.2% year-over-year, from $499K to $64K. This contraction results in a growth score of 0/100.
Ayro Inc has elevated debt relative to equity (D/E of 3.64), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 5.11, Ayro Inc holds $5.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Ayro Inc generated -$13.3M in operating cash flow, capex of $199K consumed most of it, leaving -$13.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ayro Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Ayro Inc generates $7.59 in operating cash flow (-$13.3M OCF vs -$1.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ayro Inc earns $-40.0 in operating income for every $1 of interest expense (-$19.4M vs $484K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ayro Inc generated $64K in revenue in fiscal year 2024. This represents a decrease of 87.2% from the prior year.
Ayro Inc's EBITDA was -$17.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.7% from the prior year.
Ayro Inc generated -$13.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 52.3% from the prior year.
Ayro Inc reported -$1.8M in net income in fiscal year 2024. This represents an increase of 94.9% from the prior year.
Ayro Inc earned $-2.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 75.3% from the prior year.
Ayro Inc held $16.0M in cash against $0 in long-term debt as of fiscal year 2024.
Ayro Inc had 533,842 shares outstanding in fiscal year 2024. This represents a decrease of 89.1% from the prior year.
Ayro Inc's gross margin was -10328.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 9399.5 percentage points from the prior year.
Ayro Inc's operating margin was -30382.4% in fiscal year 2024, reflecting core business profitability. This is down 24738.9 percentage points from the prior year.
Ayro Inc's net profit margin was -2752.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4094.4 percentage points from the prior year.
Ayro Inc invested $1.5M in research and development in fiscal year 2024. This represents a decrease of 79.9% from the prior year.
Ayro Inc spent $377K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Ayro Inc invested $199K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 90.7% from the prior year.
AYRO Income Statement
| Metric | Q3'25 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $5K-90.7% | $58K-63.0% | $158K+78.6% | $88K-36.7% | $140K+23.4% | $113K-81.4% | $609K |
| Cost of Revenue | $717K+150.7% | $286K-75.8% | $1.2M-72.8% | $4.4M+1776.5% | $232K-30.2% | $332K+51.1% | $220K-79.7% | $1.1M |
| Gross Profit | -$717K-155.6% | -$281K+75.1% | -$1.1M+73.2% | -$4.2M-2822.7% | -$143K+25.5% | -$192K-80.4% | -$107K+77.5% | -$475K |
| R&D Expenses | $344K+2225.1% | $15K-98.1% | $760K-50.9% | $1.5M+15.9% | $1.3M-44.5% | $2.4M+12.9% | $2.1M-31.0% | $3.1M |
| SG&A Expenses | $2.5M+74.9% | $1.4M-53.8% | $3.1M-21.9% | $3.9M-10.3% | $4.4M+34.6% | $3.2M+14.2% | $2.8M-7.2% | $3.1M |
| Operating Income | -$3.5M-83.5% | -$1.9M+63.1% | -$5.2M+47.1% | -$9.9M-57.9% | -$6.2M+0.4% | -$6.3M-8.1% | -$5.8M+16.4% | -$6.9M |
| Interest Expense | $62K-30.4% | $89K-41.9% | $153K+6.3% | $144K+305.7% | $36K-69.7% | $117K-18.8% | $144K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.8M-601.0% | $551K+115.1% | -$3.6M+63.9% | -$10.1M+19.8% | -$12.6M-109.7% | -$6.0M-9.6% | -$5.5M+18.3% | -$6.7M |
| EPS (Diluted) | $-3.84+3.0% | $-3.96-171.2% | $-1.46+46.9% | $-2.75+8.0% | $-2.99 | $-1.28-9.4% | $-1.17 | N/A |
AYRO Balance Sheet
| Metric | Q3'25 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.7M-27.7% | $21.7M-54.6% | $47.9M-9.4% | $52.9M-11.6% | $59.8M+37.5% | $43.5M-11.8% | $49.3M-10.3% | $55.0M |
| Current Assets | $13.8M-34.9% | $21.3M-52.0% | $44.3M-9.5% | $49.0M-11.7% | $55.5M+40.6% | $39.5M-13.3% | $45.5M-12.3% | $51.9M |
| Cash & Equivalents | $7.3M-54.7% | $16.0M+193.7% | $5.5M-83.7% | $33.4M+917.1% | $3.3M-75.8% | $13.6M-57.6% | $32.0M-18.2% | $39.1M |
| Inventory | N/A | $3.2M-12.7% | $3.7M+7.1% | $3.4M-21.0% | $4.3M+42.5% | $3.0M+100.4% | $1.5M+56.8% | $970K |
| Accounts Receivable | N/A | $129K-6.2% | $138K-37.1% | $219K+52.1% | $144K+38.2% | $104K-3.3% | $108K-78.9% | $510K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.4M-56.7% | $17.1M-58.3% | $40.9M+5.5% | $38.7M+57.7% | $24.6M+921.0% | $2.4M-2.1% | $2.5M-16.1% | $2.9M |
| Current Liabilities | $1.9M-54.0% | $4.2M+3.3% | $4.0M-6.5% | $4.3M+114.2% | $2.0M+11.5% | $1.8M-0.3% | $1.8M-19.1% | $2.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.3M+77.9% | $4.7M-33.2% | $7.0M-50.4% | $14.1M-48.2% | $27.3M-33.5% | $41.1M-12.3% | $46.8M-10.0% | $52.1M |
| Retained Earnings | -$133.1M-13.7% | -$117.1M+1.6% | -$119.0M-3.2% | -$115.3M-9.6% | -$105.2M-13.6% | -$92.6M-6.9% | -$86.6M-6.7% | -$81.2M |
AYRO Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2M+140.2% | -$3.0M+36.3% | -$4.7M+4.0% | -$4.9M+23.9% | -$6.4M+23.3% | -$8.4M-27.9% | -$6.5M-13.3% | -$5.8M |
| Capital Expenditures | N/A | $36K | N/A | $67K-91.7% | $805K+60.9% | $500K-35.2% | $771K+24.8% | $618K |
| Free Cash Flow | N/A | -$3.0M | N/A | -$4.9M+31.4% | -$7.2M+18.6% | -$8.9M-21.2% | -$7.3M-14.4% | -$6.4M |
| Investing Cash Flow | -$3.3M-127.5% | $12.2M+152.3% | -$23.3M-166.5% | $35.0M+325.9% | -$15.5M-54.1% | -$10.1M-1667.0% | -$570K-110.5% | $5.4M |
| Financing Cash Flow | $7.4M+228.9% | -$5.8M | N/A | $0 | N/A | N/A | N/A | N/A |
| 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 |
AYRO Financial Ratios
| Metric | Q3'25 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | -5171.4%-3243.7pp | -1927.7%+727.5pp | -2655.2%-2493.0pp | -162.3%-24.3pp | -137.9%-43.6pp | -94.4%-16.4pp | -78.0% |
| Operating Margin | N/A | -35495.9%-26557.0pp | -8938.9%-2699.4pp | -6239.6%+819.7pp | -7059.2%-2568.5pp | -4490.7%+636.6pp | -5127.3%-3988.2pp | -1139.0% |
| Net Margin | N/A | 10146.6%+16382.6pp | -6236.0%+155.6pp | -6391.6%+7850.8pp | -14242.4%-9940.4pp | -4302.0%+540.2pp | -4842.2%-3741.8pp | -1100.5% |
| Return on Equity | 28.1%+23.3pp | 4.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -17.5%-19.1pp | 1.5%+9.1pp | -7.6%+11.5pp | -19.1%+2.0pp | -21.1%-7.2pp | -13.8%-2.7pp | -11.1%+1.1pp | -12.2% |
| Current Ratio | 7.23+2.1 | 5.11-5.9 | 11.00-0.4 | 11.37-16.2 | 27.58+5.7 | 21.87-3.3 | 25.16+2.0 | 23.19 |
| Debt-to-Equity | 0.89-2.8 | 3.64-2.2 | 5.83+3.1 | 2.74+1.8 | 0.90+0.8 | 0.060.0 | 0.050.0 | 0.06 |
| FCF Margin | N/A | N/A | N/A | -3132.6%+5027.9pp | -8160.4%-1813.0pp | -6347.4%+114.5pp | -6461.9%-5412.9pp | -1049.0% |
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Frequently Asked Questions
What is Ayro Inc's annual revenue?
Ayro Inc (AYRO) reported $64K in total revenue for fiscal year 2024. This represents a -87.2% 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 Ayro Inc's revenue growing?
Ayro Inc (AYRO) revenue declined by 87.2% year-over-year, from $499K to $64K in fiscal year 2024.
Is Ayro Inc profitable?
No, Ayro Inc (AYRO) reported a net income of -$1.8M in fiscal year 2024, with a net profit margin of -2752.5%.
What is Ayro Inc's earnings per share (EPS)?
Ayro Inc (AYRO) reported diluted earnings per share of $-2.02 for fiscal year 2024. This represents a 75.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ayro Inc's EBITDA?
Ayro Inc (AYRO) had EBITDA of -$17.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ayro Inc's gross margin?
Ayro Inc (AYRO) had a gross margin of -10328.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ayro Inc's operating margin?
Ayro Inc (AYRO) had an operating margin of -30382.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ayro Inc's net profit margin?
Ayro Inc (AYRO) had a net profit margin of -2752.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ayro Inc's free cash flow?
Ayro Inc (AYRO) generated -$13.5M in free cash flow during fiscal year 2024. This represents a 52.3% 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 Ayro Inc's operating cash flow?
Ayro Inc (AYRO) generated -$13.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ayro Inc's total assets?
Ayro Inc (AYRO) had $21.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ayro Inc's capital expenditures?
Ayro Inc (AYRO) invested $199K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ayro Inc spend on research and development?
Ayro Inc (AYRO) invested $1.5M in research and development during fiscal year 2024.
Does Ayro Inc buy back shares?
Yes, Ayro Inc (AYRO) spent $377K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Ayro Inc have outstanding?
Ayro Inc (AYRO) had 533,842 shares outstanding as of fiscal year 2024.
What is Ayro Inc's current ratio?
Ayro Inc (AYRO) had a current ratio of 5.11 as of fiscal year 2024, which is generally considered healthy.
What is Ayro Inc's debt-to-equity ratio?
Ayro Inc (AYRO) had a debt-to-equity ratio of 3.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ayro Inc's return on assets (ROA)?
Ayro Inc (AYRO) had a return on assets of -8.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ayro Inc's cash runway?
Based on fiscal year 2024 data, Ayro Inc (AYRO) had $16.0M in cash against an annual operating cash burn of $13.3M. This gives an estimated cash runway of approximately 14 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.
What is Ayro Inc's Piotroski F-Score?
Ayro Inc (AYRO) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ayro Inc's earnings high quality?
Ayro Inc (AYRO) has an earnings quality ratio of 7.59x, considered low quality (accrual-driven). 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 Ayro Inc cover its interest payments?
Ayro Inc (AYRO) has an interest coverage ratio of -40.0x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Ayro Inc?
Ayro Inc (AYRO) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.