What is AYRO, Inc.'s earnings per share (EPS)?

AYRO, Inc. (AYRO) reported diluted earnings per share of -$32.24 for fiscal year 2025. 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. (AYRO) Financials

AYRO

FY2025 annual

Net Income $21.1M +1101.3% YoY

EPS (Diluted) -$32.24 YoY not available

Operating Cash Flow -$7.7M +42.2% YoY

Gross Profit -$956K +85.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 15, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AYRO SEC filings page.

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).

Rhea AI AYRO FY2025 2026-08-30

Shrinking sales leave a cost-heavy operation, while reported profits remain disconnected from cash generation and balance-sheet capacity.

FY2023 paired $34.2M of net income with -$26.2M of operating cash flow. FY2024 repeated the disconnect, with $1.8M of net income alongside -$13.3M of operating cash flow; reported earnings did not track cash produced by operations.

Revenue fell from $499K in FY2023 to $64K in FY2024, shrinking the sales base dramatically. Gross margin improved from -929.0% to -103.3%, but remained negative; the change signals less extreme unit economics, not gross-profit scale.

Assets and liabilities both contracted between FY2023 and FY2024, but liabilities remained large relative to the reduced asset base: debt-to-equity rose from 2.7x to 3.6x as equity compressed. The 5.1x current ratio indicates short-term assets exceeded current obligations, while the higher leverage ratio shows that liquidity and solvency are different questions here.

Financial Health Signals

Financial health score not available

AYRO, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

AYRO, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

$0.36used

For every $1 of reported earnings, AYRO, Inc. used $0.36 of operating cash (-$7.7M OCF vs $21.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

AYRO, Inc. reported an operating loss of $10.5M against $127K 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

Export CSV

Earnings & Revenue

Net Income

-$2.4M

YoY-385.7%

AYRO, Inc. reported -$2.4M in net income in Q1 2026. This represents a decrease of 385.7% from the same quarter a year earlier.

EPS (Diluted)

-$2.42

AYRO, Inc. earned -$2.42 per diluted share (EPS) in Q1 2026.

Revenue

Not reported for Q1 2026.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$3.3M

YoY-74.5%

QoQ-34.5%

5Y CAGR-48.7%

10Y CAGR+3.1%

AYRO, Inc. held $3.3M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding

QoQ0.0%

5Y CAGR-47.1%

10Y CAGR-5.5%

AYRO, Inc. had 1M shares outstanding in Q1 2026. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Return on Equity

-204.6%

YoY-232.7pp

AYRO, Inc.'s ROE was -204.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 232.7 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Net Margin

Not reported for Q1 2026.

Capital Allocation

R&D Spending

$125K

YoY-59.4%

AYRO, Inc. invested $125K in research and development in Q1 2026. This represents a decrease of 59.4% from the same quarter a year earlier.

Share Buybacks

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

AYRO 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.

AYRO quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	N/A	N/A	$64K-87.2%	$499K-83.3%	$3.0M+11.4%	$2.7M+67.3%	$1.6M+80.2%	$890K-85.4%	$6.1M+41.8%	$4.3M	$16.7M+15.0%	$14.6M-40.4%	$24.4M+55.0%	$15.8M-36.4%	$24.8M-62.2%	$65.5M
Cost of Revenue	N/A	$956K-85.6%	$6.7M+29.5%	$5.1M-15.0%	$6.0M+26.6%	$4.8M+169.7%	$1.8M+155.9%	$692K-91.2%	$7.9M+73.1%	$4.5M	$12.9M+11.4%	$11.6M-43.7%	$20.6M+61.6%	$12.7M-27.5%	$17.6M-72.4%	$63.5M
Gross Profit	N/A	-$956K+85.5%	-$6.6M-42.1%	-$4.6M-51.8%	-$3.1M-46.0%	-$2.1M-1156.1%	-$166K-184.0%	$198K+111.1%	-$1.8M-592.4%	-$258K	$3.8M+28.8%	$3.0M-22.6%	$3.9M+27.5%	$3.0M-58.1%	$7.2M+268.6%	$2.0M
R&D Expenses	N/A	$1.4M-6.6%	$1.5M-79.9%	$7.4M+8.4%	$6.8M-40.2%	$11.4M+496.2%	$1.9M+168.9%	$714K+121.6%	$322K+257.8%	$90K	N/A	N/A	N/A	$269K	$0	N/A
SG&A Expenses	N/A	$8.1M-6.3%	$8.6M-39.9%	$14.4M+25.0%	$11.5M-33.0%	$17.2M+160.0%	$6.6M+166.6%	$2.5M+11.1%	$2.2M-61.2%	$5.7M	$6.3M-9.8%	$7.0M+42.8%	$4.9M-4.1%	$5.1M-22.8%	$6.6M-53.4%	$14.1M
Operating Income	N/A	-$10.5M+46.0%	-$19.4M+31.2%	-$28.2M-21.0%	-$23.3M+29.7%	-$33.1M-227.8%	-$10.1M-19.0%	-$8.5M-280.8%	-$2.2M+64.7%	-$6.3M	-$2.5M+36.9%	-$4.0M-277.1%	-$1.1M+72.8%	-$3.9M-1342.3%	-$273K+98.1%	-$14.0M
EBITDA	N/A	-$10.4M+41.0%	-$17.7M+34.7%	-$27.1M-20.2%	-$22.5M+30.9%	-$32.6M-237.5%	-$9.7M-24.3%	-$7.8M-315.4%	-$1.9M+69.3%	-$6.1M	-$2.4M+38.8%	-$4.0M-293.2%	-$1.0M+73.6%	-$3.8M-429.1%	$1.2M+109.9%	-$11.7M
Interest Expense	N/A	$127K-73.9%	$484K+9.7%	$441K+142.2%	$182K+7783.9%	$2K-99.3%	$327K+89.7%	$172K+125.7%	-$672K+49.3%	-$1.3M	$7K+107.2%	$3K-99.9%	$2.8M-40.8%	$4.8M+129.2%	$2.1M+147.4%	$846K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3K+83.5%	$2K-97.6%	$70K+123.4%	-$298K-237.7%	$216K-88.5%	$1.9M
Net Income	N/A	$21.1M+1101.3%	$1.8M-94.9%	$34.2M+248.9%	-$22.9M+30.7%	-$33.1M-207.3%	-$10.8M-24.2%	-$8.7M+53.8%	-$18.7M-145.4%	-$7.6M	-$1.2M+56.2%	-$2.8M+68.4%	-$8.8M+20.2%	-$11.1M-60.0%	-$6.9M+66.4%	-$20.5M
EPS (Basic)	N/A	-$32.240.0%	-$32.25-293.8%	-$8.19-65.5%	-$4.95-426.6%	-$0.94	N/A	-$1.40+90.6%	-$14.89	N/A	-$0.76+80.9%	-$3.98+71.8%	-$14.13+66.3%	-$41.94-675.2%	-$5.41	N/A
EPS (Diluted)	—	-$32.24	-$32.25-293.8%	-$8.19-65.5%	-$4.95	N/A	N/A	-$1.40	-$14.89	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	875,190	385,652-91.9%	5M+2.9%	5M	N/A	N/A	4M	1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$5K-93.9%	N/A
Cost of Revenue	N/A	N/A	$717K+150.7%	$239K-77.8%	N/A	N/A	$286K+23.4%	$1.1M+223.7%
Gross Profit	N/A	N/A	-$717K-155.6%	-$239K+77.8%	N/A	N/A	-$281K-95.6%	-$1.1M-458.4%
R&D Expenses	$125K-59.4%	N/A	$344K+2225.1%	$350K-43.8%	$308K-59.5%	N/A	$15K-98.9%	$623K-74.1%
SG&A Expenses	$1.6M-5.4%	N/A	$2.5M+74.9%	$1.2M-39.3%	$1.7M-45.6%	N/A	$1.4M-67.6%	$2.0M-39.1%
Operating Income	-$1.7M+13.8%	N/A	-$3.5M-83.5%	-$1.8M+54.8%	-$2.0M+62.2%	N/A	-$1.9M+69.1%	-$4.0M+36.8%
EBITDA	N/A	N/A	N/A	N/A	-$2.0M+59.7%	N/A	-$1.6M+73.3%	-$3.6M+39.9%
Interest Expense	$10K-61.9%	N/A	$62K-30.4%	$8K-94.3%	$26K-82.9%	N/A	$89K+150.5%	$141K+19.9%
Net Income	-$2.4M-385.7%	N/A	-$2.8M-601.0%	-$14.1M-304.5%	$845K+123.2%	N/A	$551K+104.4%	$6.9M+215.2%
EPS (Basic)	-$2.42-1110.0%	N/A	-$3.84+3.0%	-$29.87-339.9%	-$0.20+86.3%	N/A	-$3.96-32.4%	$12.45+1072.7%
EPS (Diluted)	-$2.42	N/A	-$3.84	-$29.87	-$0.20+86.3%	N/A	-$3.96-32.4%	$2.17
Diluted Shares (Avg)	1M	N/A	946,139	554,989	9M+73.3%	N/A	428,952-91.0%	1M

Not reported in any period shown, so not listed: Income Tax.

AYRO Balance Sheet

AYRO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$11.4M-47.5%	$21.7M-58.9%	$52.9M-3.9%	$55.0M-29.6%	$78.1M+86.2%	$42.0M+1410.4%	$2.8M-50.7%	$5.6M+365.4%	$1.2M	$7.1M-1.1%	$7.2M-58.9%	$17.4M-16.5%	$20.8M+11.2%	$18.7M-27.8%	$26.0M
Current Assets	$9.2M-56.7%	$21.3M-56.6%	$49.0M-5.6%	$51.9M-31.8%	$76.2M+90.0%	$40.1M+1908.4%	$2.0M-59.5%	$4.9M+706.2%	$611K	$6.8M-0.9%	$6.8M-58.0%	$16.2M+1.4%	$16.0M+3.3%	$15.5M-23.1%	$20.1M
Cash & Equivalents	$5.0M-68.9%	$16.0M-52.0%	$33.4M-14.5%	$39.1M-43.5%	$69.2M+89.3%	$36.5M+5592.7%	$642K-83.5%	$3.9M	$0	$812K-58.2%	$1.9M-17.9%	$2.4M+79.2%	$1.3M-12.7%	$1.5M+20.2%	$1.3M
Short-Term Investments	$3.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	$3.4M+253.7%	$970K-74.1%	$3.7M+219.1%	$1.2M+4.9%	$1.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Accounts Receivable	N/A	N/A	$219K-57.1%	$510K-47.4%	$969K+26.6%	$766K+976.4%	$71K-75.9%	$296K+57.5%	$188K	$4.0M-7.5%	$4.3M-14.6%	$5.1M-47.7%	$9.7M-2.9%	$10.0M-27.5%	$13.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.4M	$0	N/A	N/A	N/A	N/A	$0-100.0%	$2.0M
Total Liabilities	$7.7M-54.9%	$17.1M-56.0%	$38.7M+1220.9%	$2.9M-37.7%	$4.7M+80.6%	$2.6M-3.9%	$2.7M-50.9%	$5.5M-3.1%	$5.7M	$7.6M+73.7%	$4.3M-69.1%	$14.1M-22.1%	$18.1M-26.0%	$24.5M+30.2%	$18.8M
Current Liabilities	$1.6M-60.5%	$4.2M-3.4%	$4.3M+92.6%	$2.2M-41.8%	$3.8M+142.2%	$1.6M-33.6%	$2.4M-7.7%	$2.6M+18.2%	$2.2M	$4.3M+2.2%	$4.2M-69.8%	$14.0M-19.9%	$17.5M-7.4%	$18.9M+1.0%	$18.7M
Non-Current Liabilities	$6.1M-53.0%	$12.9M-62.5%	$34.4M+4860.8%	$694K-19.3%	$860K-15.5%	$1.0M+219.7%	$318K-89.1%	$2.9M-16.4%	$3.5M	$3.2M+2858.7%	$109K+126.6%	$48K-91.4%	$561K-89.9%	$5.5M+9705.0%	$56K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$14K-95.6%	$318K	N/A	N/A	$125K	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.7M-20.8%	$4.7M-66.9%	$14.1M-72.8%	$52.1M-29.1%	$73.4M+86.6%	$39.4M+56987.2%	$69K-36.4%	$108K+102.4%	-$4.5M	-$476K-117.0%	$2.8M+2.7%	$2.7M+41.1%	$1.9M+129.3%	-$6.6M-208.9%	$6.1M
Retained Earnings	-$138.2M-18.0%	-$117.1M-1.5%	-$115.3M-42.1%	-$81.2M-39.4%	-$58.2M-131.5%	-$25.2M-80.2%	-$14.0M+53.1%	-$29.8M-209.8%	-$9.6M	-$87.5M-3.9%	-$84.3M-4.4%	-$80.7M-19.5%	-$67.5M-12.7%	-$59.9M-29.9%	-$46.1M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$9.5M-41.3%	$11.4M-47.5%	$15.7M-56.3%	$9.2M-79.6%	$16.2M-66.3%	$21.7M-58.9%	$35.9M-39.9%	$45.0M+3.5%
Current Assets	$8.0M-49.4%	$9.2M-56.7%	$13.8M-58.5%	$8.8M-79.0%	$15.7M-64.5%	$21.3M-56.6%	$33.4M-39.9%	$42.0M+6.4%
Cash & Equivalents	$3.3M-74.5%	$5.0M-68.9%	$7.3M+166.0%	$5.1M-63.6%	$12.8M+134.8%	$16.0M-52.0%	$2.7M-17.0%	$14.1M+3.8%
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$3.2M-26.2%	$3.3M+8.7%
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$129K+24.1%
Total Liabilities	$8.3M-36.8%	$7.7M-54.9%	$7.4M-69.8%	$22.3M-30.7%	$13.1M-67.8%	$17.1M-56.0%	$24.5M-0.4%	$32.2M+1237.0%
Current Liabilities	$1.6M-77.9%	$1.6M-60.5%	$1.9M-62.4%	$7.6M+16.1%	$7.1M+77.4%	$4.2M-3.4%	$5.1M+153.1%	$6.5M+262.7%
Non-Current Liabilities	$6.7M+12.2%	$6.1M-53.0%	$5.5M-71.8%	$14.7M-42.6%	$6.0M-83.7%	$12.9M-62.5%	$19.4M-14.1%	$25.6M+4160.4%
Total Equity	$1.2M-60.7%	$3.7M-20.8%	$8.3M-27.3%	-$13.1M-202.1%	$3.0M-57.1%	$4.7M-66.9%	$11.5M-58.0%	$12.8M-68.8%
Retained Earnings	-$140.6M-20.9%	-$138.2M-18.0%	-$133.1M-19.4%	-$130.4M-16.4%	-$116.2M+2.3%	-$117.1M-1.5%	-$111.5M-6.0%	-$112.1M-20.9%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.

AYRO Cash Flow Statement

AYRO quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	-$4.2M	-$7.7M+42.2%	-$13.3M+49.1%	-$26.2M-39.8%	-$18.7M+29.7%	-$26.6M-165.8%	-$10.0M-144.1%	-$4.1M+61.2%	-$10.6M-150.5%	-$4.2M	-$1.4M+49.0%	-$2.7M-208.1%	-$870K+39.7%	-$1.4M+54.6%	-$3.2M-166.4%	-$1.2M
Depreciation & Amortization	N/A	$25K-98.5%	$1.7M+56.4%	$1.1M+43.4%	$762K+44.5%	$528K+18.0%	$447K-38.1%	$723K+100.9%	$360K+64.5%	$219K	$115K+78.3%	$65K+7.5%	$60K-45.3%	$110K-92.3%	$1.4M-38.4%	$2.3M
Stock-Based Compensation	N/A	$1.9M+165.7%	$714K-22.3%	$918K-26.0%	$1.2M-83.6%	$7.6M+313.6%	$1.8M-45.8%	$3.4M+3991.3%	$82K-88.4%	$709K	$602K-76.0%	$2.5M+1369.4%	$171K+595.2%	$25K-78.0%	$112K+154.3%	$44K
Capital Expenditures	N/A	N/A	$199K-90.7%	$2.1M+34.9%	$1.6M+195.3%	$538K+6.7%	$504K+7.3%	$470K+989.9%	-$43K+553.2%	-$7K	$77K-44.6%	$140K+197.5%	$47K-40.3%	$79K	N/A	N/A
Free Cash Flow	N/A	N/A	-$13.5M+52.3%	-$28.3M-39.4%	-$20.3M+25.2%	-$27.2M-158.2%	-$10.5M-130.1%	-$4.6M+56.9%	-$10.6M-151.1%	-$4.2M	-$1.4M+48.8%	-$2.8M-207.6%	-$917K+39.8%	-$1.5M	N/A	N/A
Investing Cash Flow	-$4.8M	-$2.9M+6.7%	-$3.1M-134.5%	$8.9M+178.5%	-$11.3M-1788.1%	-$600K-123.6%	$2.5M+779.0%	-$374K-105.8%	$6.4M+2599.0%	-$258K	-$77K-106.5%	$1.2M-18.3%	$1.5M+31.3%	$1.1M-73.8%	$4.2M+1572.9%	$252K
Financing Cash Flow	$2.6M	-$552K+94.9%	-$10.9M-150.2%	$21.6M	N/A	$59.9M+38.0%	$43.4M+753.6%	$5.1M-36.9%	$8.1M+67.9%	$4.8M	$1.4M+7.3%	$1.3M+389.5%	-$441K-138.1%	$1.2M+363.3%	-$439K+85.6%	-$3.1M
Share Buybacks	N/A	N/A	$377K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$1.1M+25.8%	-$1.6M+44.7%	$1.2M+134.3%	-$2.6M-22.0%	-$1.5M+68.5%	-$3.0M+38.9%	-$3.5M+45.4%	-$2.2M+74.2%
Depreciation & Amortization	N/A	N/A	N/A	N/A	$7K-98.0%	N/A	$348K+7.3%	$349K+37.1%
Stock-Based Compensation	$611K	N/A	N/A	$69K+1708.7%	N/A	N/A	$81-100.0%	-$4K-101.8%
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$36K-45.3%	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$3.0M+39.0%	N/A	N/A
Investing Cash Flow	-$219K-112.5%	-$540K-104.4%	-$3.3M-148.5%	-$725K-163.3%	$1.7M+107.5%	$12.2M-65.2%	$6.9M+144.5%	$1.1M+111.4%
Financing Cash Flow	-$404K+88.6%	-$88K+98.5%	$7.4M+256.4%	-$4.3M	-$3.5M	-$5.8M	-$4.7M	N/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

AYRO 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.

AYRO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	N/A	-10328.5%	-929.0%	-102.1%	-77.9%-67.5pp	-10.4%-32.7pp	22.3%+51.7pp	-29.4%-23.4pp	-6.0%	23.0%+2.4pp	20.5%+4.7pp	15.8%-3.4pp	19.2%-9.9pp	29.1%+26.1pp	3.0%
Operating Margin	N/A	-30382.4%	-5643.5%	-778.4%	-1234.5%	-630.0%	-954.3%	-36.7%	-147.3%	-15.2%+12.5pp	-27.7%-23.3pp	-4.4%+20.6pp	-25.0%-23.9pp	-1.1%+20.3pp	-21.4%
Net Margin	N/A	2752.5%	6846.9%	-766.9%	-1232.6%	-671.0%	-973.4%	-308.5%	-178.3%	-7.3%+11.8pp	-19.1%+17.0pp	-36.1%+34.1pp	-70.2%-42.3pp	-27.9%+3.5pp	-31.4%
Return on Equity	568.4%+530.9pp	37.5%-204.1pp	241.6%+285.7pp	-44.1%+1.0pp	-45.1%-17.7pp	-27.4%+12540.6pp	-12567.9%+4730.6pp	-17298.5%	N/A	N/A	-99.2%+223.7pp	-322.9%+248.5pp	-571.5%	N/A	-339.0%
Return on Assets	184.8%+176.8pp	8.1%-56.5pp	64.6%+106.3pp	-41.7%+0.6pp	-42.3%-16.7pp	-25.7%+286.2pp	-311.9%+21.1pp	-333.0%+298.6pp	-631.6%	-17.2%+21.7pp	-38.9%+11.8pp	-50.7%+2.4pp	-53.1%-16.2pp	-36.9%+42.3pp	-79.2%
Current Ratio	5.60+0.5x	5.11-6.3x	11.37-11.8x	23.19+3.4x	19.81-5.4x	25.26+24.4x	0.83-1.1x	1.90+1.6x	0.28	1.560.0x	1.61+0.5x	1.16+0.2x	0.91+0.1x	0.82-0.3x	1.08
Debt-to-Equity	2.07-1.6x	3.64+0.9x	2.74+2.7x	0.060.0x	0.06+0.1x	0.00-4.6x	4.61-46.3x	50.95	N/A	N/A	1.55-3.6x	5.16-4.2x	9.35	N/A	3.10
Asset Turnover	N/A	0.000.0x	0.010.0x	0.050.0x	0.030.0x	0.04-0.3x	0.32-0.8x	1.08-2.5x	3.54	2.37+0.3x	2.03+0.6x	1.40+0.6x	0.76-0.6x	1.32-1.2x	2.52
FCF Margin	N/A	-21190.6%	-5677.2%	-679.4%	-1012.4%	-656.1%	-513.9%	-174.6%	-98.6%	-8.6%+10.8pp	-19.4%-15.6pp	-3.8%+5.9pp	-9.7%	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	-5171.4%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	-35495.9%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	10146.6%	N/A
Return on Equity	-204.6%-232.7pp	N/A	-33.1%-37.9pp	N/A	28.1%+80.0pp	N/A	4.8%+50.9pp	53.9%+68.5pp
Return on Assets	-25.4%-30.7pp	N/A	-17.5%-19.1pp	-153.8%-169.2pp	5.2%+12.8pp	N/A	1.5%+22.6pp	15.4%+29.2pp
Current Ratio	5.05+2.8x	5.60+0.5x	7.23+0.7x	1.16-5.3x	2.20-8.8x	5.11-6.3x	6.55-21.0x	6.42-15.5x
Debt-to-Equity	7.04+2.7x	2.07-1.6x	0.89-1.2x	N/A	4.37-1.5x	3.64+0.9x	2.14+1.2x	2.51+2.4x
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	0.000.0x	N/A

Not reported in any period shown, so not listed: FCF 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: Gross Margin, Operating Margin, Net 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
AYRO, Inc. AYRO	FY2025	N/A	$21.1M	N/A	$4.8M	—
Chijet Motor Company, Inc. CJET	FY2025	N/A	-$30.1M	N/A	$3.8M	—
LOBO TECHNOLOGIES LTD. LOBO	FY2025	$23.2M	-$5.5M	-23.6%	$8.1M	40/100
ECD AUTOMOTIVE DESIGN NEW ECDA	FY2024	$25.2M	-$10.8M	-42.8%	$333K	—
Azio AI Holdings, Inc. EVTV	FY2025	$5.9M	-$3.3M	-56.3%	$29.9M	37/100
Fly-E Group, Inc. FLYE	FY2026	$19.1M	-$9.3M	-48.6%	$3.0M	28/100

Where AYRO, Inc. Ranks

Frequently Asked Questions

Is AYRO, Inc. profitable?

Yes, AYRO, Inc. (AYRO) reported a net income of $21.1M in fiscal year 2025.

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 return on equity (ROE)?

AYRO, Inc. (AYRO) has a return on equity of 568.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is AYRO, Inc.'s operating cash flow?

AYRO, Inc. (AYRO) recorded an outflow of $7.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are AYRO, Inc.'s total assets?

AYRO, Inc. (AYRO) had $11.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does AYRO, Inc. spend on research and development?

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

How many shares does AYRO, Inc. have outstanding?

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

What is AYRO, Inc.'s current ratio?

AYRO, Inc. (AYRO) had a current ratio of 5.60 as of fiscal year 2025, which is generally considered healthy.

What is AYRO, Inc.'s debt-to-equity ratio?

AYRO, Inc. (AYRO) had a debt-to-equity ratio of 2.07 as of fiscal year 2025, 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 184.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AYRO, Inc.'s Piotroski F-Score?

AYRO, Inc. (AYRO) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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 AYRO, Inc.'s earnings high quality?

For every $1 of reported earnings, AYRO, Inc. (AYRO) used $0.36 of operating cash (-$7.7M OCF vs $21.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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) reported an operating loss of $10.5M against $127K 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.