What is Ayro Inc's earnings per share (EPS)?

Ayro Inc (AYRO) reported diluted earnings per share of $-32.24 for fiscal year 2025. This represents a -1496.0% 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.

Ayro Inc Financials

AYRO

Source SEC Filings (10-K/10-Q) Updated Mar 30, 2026 Currency USD FYE March

This page shows Ayro Inc (AYRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Earnings Quality Low Quality

0.36x

For every $1 of reported earnings, Ayro Inc generates $0.36 in operating cash flow (-$7.7M OCF vs -$21.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-82.6x

Ayro Inc earns $-82.6 in operating income for every $1 of interest expense (-$10.5M vs $127K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$64K

YoY+0.0%

5Y CAGR-47.5%

10Y CAGR-44.8%

Ayro Inc generated $64K in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.

EBITDA

-$10.4M

YoY+41.0%

Ayro Inc's EBITDA was -$10.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.0% from the prior year.

Net Income

-$21.1M

YoY-1101.3%

Ayro Inc reported -$21.1M in net income in fiscal year 2025. This represents a decrease of 1101.3% from the prior year.

EPS (Diluted)

$-32.24

YoY-1496.0%

Ayro Inc earned $-32.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1496.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$7.9M

YoY+41.6%

Ayro Inc generated -$7.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.6% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

YoY+172.7%

Ayro Inc had 1M shares outstanding in fiscal year 2025. This represents an increase of 172.7% from the prior year.

Margins & Returns

Gross Margin

-1499.2%

YoY+8829.3pp

5Y CAGR-1488.8pp

10Y CAGR-1515.0pp

Ayro Inc's gross margin was -1499.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8829.3 percentage points from the prior year.

Operating Margin

-16394.5%

YoY+13988.0pp

5Y CAGR-15764.4pp

10Y CAGR-16390.1pp

Ayro Inc's operating margin was -16394.5% in fiscal year 2025, reflecting core business profitability. This is up 13988.0 percentage points from the prior year.

Net Margin

-33067.0%

YoY-30314.5pp

5Y CAGR-32396.0pp

10Y CAGR-33030.9pp

Ayro Inc's net profit margin was -33067.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 30314.5 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$1.4M

YoY-6.6%

5Y CAGR-6.2%

Ayro Inc invested $1.4M in research and development in fiscal year 2025. This represents a decrease of 6.6% from the prior year.

Share Buybacks

$377K

YoY+0.0%

Ayro Inc spent $377K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

$199K

YoY+0.0%

5Y CAGR-16.9%

10Y CAGR+15.6%

Ayro Inc invested $199K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.

AYRO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$64K0.0%	$64K-87.2%	$499K-83.3%	$3.0M+11.4%	$2.7M+67.3%	$1.6M
Cost of Revenue	$956K-85.6%	$6.7M+29.5%	$5.1M-15.0%	$6.0M+26.6%	$4.8M+169.7%	$1.8M
Gross Profit	-$956K+85.5%	-$6.6M-42.1%	-$4.6M-51.8%	-$3.1M-46.0%	-$2.1M-1156.1%	-$166K
R&D Expenses	$1.4M-6.6%	$1.5M-79.9%	$7.4M+8.4%	$6.8M-40.2%	$11.4M+496.2%	$1.9M
SG&A Expenses	$8.1M-6.3%	$8.6M-39.9%	$14.4M+25.0%	$11.5M-33.0%	$17.2M+160.0%	$6.6M
Operating Income	-$10.5M+46.0%	-$19.4M+31.2%	-$28.2M-21.0%	-$23.3M+29.7%	-$33.1M-227.8%	-$10.1M
Interest Expense	$127K-73.9%	$484K+9.7%	$441K+142.2%	$182K+7783.9%	$2K-99.3%	$327K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$21.1M-1101.3%	-$1.8M+94.9%	-$34.2M-48.9%	-$22.9M+30.7%	-$33.1M-207.3%	-$10.8M
EPS (Diluted)	$-32.24-1496.0%	$-2.02+75.3%	$-8.19-65.5%	$-4.95	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	$5K	N/A	$58K-63.0%	$158K
Cost of Revenue	$717K+200.0%	$239K	N/A	N/A	$286K-73.4%	$1.1M-9.2%	$1.2M-72.8%	$4.4M
Gross Profit	-$717K-200.0%	-$239K	N/A	N/A	-$281K+73.9%	-$1.1M+4.4%	-$1.1M+73.2%	-$4.2M
R&D Expenses	$344K-1.8%	$350K+13.7%	$308K	N/A	$15K-97.6%	$623K-18.1%	$760K-50.9%	$1.5M
SG&A Expenses	$2.5M+106.2%	$1.2M-28.0%	$1.7M	N/A	$1.4M-28.5%	$2.0M-35.4%	$3.1M-21.9%	$3.9M
Operating Income	-$3.5M-97.6%	-$1.8M+9.4%	-$2.0M	N/A	-$1.9M+51.4%	-$4.0M+24.1%	-$5.2M+47.1%	-$9.9M
Interest Expense	$62K+678.2%	$8K-69.7%	$26K	N/A	$89K-36.6%	$141K-8.3%	$153K+6.3%	$144K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.8M+80.5%	-$14.1M-1773.7%	$845K	N/A	$551K-92.0%	$6.9M+290.0%	-$3.6M+63.9%	-$10.1M
EPS (Diluted)	$-3.84+87.1%	$-29.87	$-0.20	N/A	$-3.96-282.5%	$2.17+248.6%	$-1.46	N/A

AYRO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$21.7M-58.9%	$52.9M-3.9%	$55.0M-29.6%	$78.1M+86.2%	$42.0M
Current Assets	N/A	$21.3M-56.6%	$49.0M-5.6%	$51.9M-31.8%	$76.2M+90.0%	$40.1M
Cash & Equivalents	N/A	$16.0M-52.0%	$33.4M-14.5%	$39.1M-43.5%	$69.2M+89.3%	$36.5M
Inventory	N/A	N/A	$3.4M+253.7%	$970K-74.1%	$3.7M+219.1%	$1.2M
Accounts Receivable	N/A	N/A	$219K-57.1%	$510K-47.4%	$969K+26.6%	$766K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$17.1M-56.0%	$38.7M+1220.9%	$2.9M-37.7%	$4.7M+80.6%	$2.6M
Current Liabilities	N/A	$4.2M-3.4%	$4.3M+92.6%	$2.2M-41.8%	$3.8M+142.2%	$1.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$14K
Total Equity	N/A	$4.7M-66.9%	$14.1M-72.8%	$52.1M-29.1%	$73.4M+86.6%	$39.4M
Retained Earnings	N/A	-$117.1M-1.5%	-$115.3M-42.1%	-$81.2M-39.4%	-$58.2M-131.5%	-$25.2M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$15.7M+70.9%	$9.2M-43.1%	$16.2M-25.7%	$21.7M-39.5%	$35.9M-20.2%	$45.0M-6.0%	$47.9M-9.4%	$52.9M
Current Assets	$13.8M+56.7%	$8.8M-43.9%	$15.7M-26.0%	$21.3M-36.3%	$33.4M-20.5%	$42.0M-5.3%	$44.3M-9.5%	$49.0M
Cash & Equivalents	$7.3M+41.5%	$5.1M-60.0%	$12.8M-20.1%	$16.0M+487.4%	$2.7M-80.6%	$14.1M+158.1%	$5.5M-83.7%	$33.4M
Inventory	N/A	N/A	N/A	N/A	$3.2M-3.1%	$3.3M-9.9%	$3.7M+7.1%	$3.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$129K-6.2%	$138K-37.1%	$219K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.4M-66.9%	$22.3M+69.6%	$13.1M-22.9%	$17.1M-30.3%	$24.5M-23.9%	$32.2M-21.3%	$40.9M+5.5%	$38.7M
Current Liabilities	$1.9M-74.8%	$7.6M+6.3%	$7.1M+71.7%	$4.2M-18.3%	$5.1M-22.2%	$6.5M+62.4%	$4.0M-6.5%	$4.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.3M+163.6%	-$13.1M-535.9%	$3.0M-35.8%	$4.7M-59.1%	$11.5M-10.7%	$12.8M+83.0%	$7.0M-50.4%	$14.1M
Retained Earnings	-$133.1M-2.1%	-$130.4M-12.2%	-$116.2M+0.7%	-$117.1M-5.0%	-$111.5M+0.5%	-$112.1M+5.8%	-$119.0M-3.2%	-$115.3M

AYRO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$7.7M+42.2%	-$13.3M+49.1%	-$26.2M-39.8%	-$18.7M+29.7%	-$26.6M-165.8%	-$10.0M
Capital Expenditures	$199K0.0%	$199K-90.7%	$2.1M+34.9%	$1.6M+195.3%	$538K+6.7%	$504K
Free Cash Flow	-$7.9M+41.6%	-$13.5M+52.3%	-$28.3M-39.4%	-$20.3M+25.2%	-$27.2M-158.2%	-$10.5M
Investing Cash Flow	-$2.9M+6.7%	-$3.1M-134.5%	$8.9M+178.5%	-$11.3M-1788.1%	-$600K-123.6%	$2.5M
Financing Cash Flow	-$552K+94.9%	-$10.9M-150.2%	$21.6M	N/A	$59.9M+38.0%	$43.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$377K0.0%	$377K	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	$1.2M+145.7%	-$2.6M-77.8%	-$1.5M+50.5%	-$3.0M+14.8%	-$3.5M-62.6%	-$2.2M+54.0%	-$4.7M+4.0%	-$4.9M
Capital Expenditures	N/A	N/A	N/A	$36K	N/A	N/A	N/A	$67K
Free Cash Flow	N/A	N/A	N/A	-$3.0M	N/A	N/A	N/A	-$4.9M
Investing Cash Flow	-$3.3M-361.6%	-$725K-141.4%	$1.7M-85.6%	$12.2M+76.5%	$6.9M+502.7%	$1.1M+104.9%	-$23.3M-166.5%	$35.0M
Financing Cash Flow	$7.4M+271.1%	-$4.3M-22.3%	-$3.5M+38.4%	-$5.8M-21.4%	-$4.7M	N/A	N/A	$0
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-1499.2%+8829.3pp	-10328.5%-9399.5pp	-929.0%-826.9pp	-102.1%-24.2pp	-77.9%-67.5pp	-10.4%
Operating Margin	-16394.5%+13988.0pp	-30382.4%-24738.9pp	-5643.5%-4865.1pp	-778.4%+456.1pp	-1234.5%-604.5pp	-630.0%
Net Margin	-33067.0%-30314.5pp	-2752.5%+4094.4pp	-6846.9%-6080.0pp	-766.9%+465.7pp	-1232.6%-561.6pp	-671.0%
Return on Equity	N/A	-37.5%+204.1pp	-241.6%-197.6pp	-44.1%+1.0pp	-45.1%-17.7pp	-27.4%
Return on Assets	N/A	-8.1%+56.5pp	-64.6%-22.9pp	-41.7%+0.6pp	-42.3%-16.7pp	-25.7%
Current Ratio	N/A	5.11-6.3	11.37-11.8	23.19+3.4	19.81-5.4	25.26
Debt-to-Equity	N/A	3.64+0.9	2.74+2.7	0.060.0	0.06+0.1	0.00
FCF Margin	-12378.9%+8811.7pp	-21190.6%-15513.4pp	-5677.2%-4997.8pp	-679.4%+333.0pp	-1012.4%-356.4pp	-656.1%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	-5171.4%	N/A	-1927.7%+727.5pp	-2655.2%
Operating Margin	N/A	N/A	N/A	N/A	-35495.9%	N/A	-8938.9%-2699.4pp	-6239.6%
Net Margin	N/A	N/A	N/A	N/A	10146.6%	N/A	-6236.0%+155.6pp	-6391.6%
Return on Equity	-33.1%	N/A	28.1%	N/A	4.8%-49.1pp	53.9%+105.8pp	-51.9%+19.5pp	-71.4%
Return on Assets	-17.5%+136.3pp	-153.8%-159.1pp	5.2%	N/A	1.5%-13.8pp	15.4%+23.0pp	-7.6%+11.5pp	-19.1%
Current Ratio	7.23+6.1	1.16-1.0	2.20-2.9	5.11-1.4	6.55+0.1	6.42-4.6	11.00-0.4	11.37
Debt-to-Equity	0.89+2.6	-1.70-6.1	4.37+0.7	3.64+1.5	2.14-0.4	2.51-3.3	5.83+3.1	2.74
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-3132.6%

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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 2025. This represents a 0.0% 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 grew by 0% year-over-year, from $64K to $64K in fiscal year 2025.

Is Ayro Inc profitable?

No, Ayro Inc (AYRO) reported a net income of -$21.1M in fiscal year 2025, with a net profit margin of -33067.0%.

What is Ayro Inc's EBITDA?

Ayro Inc (AYRO) had EBITDA of -$10.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ayro Inc's gross margin?

Ayro Inc (AYRO) had a gross margin of -1499.2% in fiscal year 2025, 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 -16394.5% in fiscal year 2025, 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 -33067.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ayro Inc's free cash flow?

Ayro Inc (AYRO) generated -$7.9M in free cash flow during fiscal year 2025. This represents a 41.6% 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 Ayro Inc's operating cash flow?

Ayro Inc (AYRO) generated -$7.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ayro Inc's capital expenditures?

Ayro Inc (AYRO) invested $199K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ayro Inc spend on research and development?

Ayro Inc (AYRO) invested $1.4M in research and development during fiscal year 2025.

Does Ayro Inc buy back shares?

Yes, Ayro Inc (AYRO) spent $377K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Ayro Inc have outstanding?

Ayro Inc (AYRO) had 1M shares outstanding as of fiscal year 2025.

Are Ayro Inc's earnings high quality?

Ayro Inc (AYRO) has an earnings quality ratio of 0.36x, 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 -82.6x, 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.