Azitra Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Azitra Inc has an operating margin of -146468.5%, meaning the company retains $-146469 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 -1086.1% the prior year.
Azitra Inc's revenue declined 98.9% year-over-year, from $686K to $8K. This contraction results in a growth score of 0/100.
Azitra Inc carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.80, Azitra Inc holds $3.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Azitra Inc generated -$10.2M in operating cash flow, capex of $9K consumed most of it, leaving -$10.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Azitra 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, Azitra Inc generates $1.14 in operating cash flow (-$10.2M OCF vs -$9.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Azitra Inc earns $-903.4 in operating income for every $1 of interest expense (-$11.0M vs $12K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Azitra Inc (AZTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Key Financial Metrics
Azitra Inc generated $8K in revenue in fiscal year 2024. This represents a decrease of 98.9% from the prior year.
Azitra Inc's EBITDA was -$10.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 48.3% from the prior year.
Azitra Inc generated -$10.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 37.9% from the prior year.
Azitra Inc reported -$9.0M in net income in fiscal year 2024. This represents an increase of 20.5% from the prior year.
Azitra Inc earned $-2.37 per diluted share (EPS) in fiscal year 2024. This represents an increase of 95.7% from the prior year.
Azitra Inc held $4.6M in cash against $0 in long-term debt as of fiscal year 2024.
Azitra Inc had 1M shares outstanding in fiscal year 2024. This represents an increase of 184.0% from the prior year.
Azitra Inc's operating margin was -146468.5% in fiscal year 2024, reflecting core business profitability. This is down 145382.4 percentage points from the prior year.
Azitra Inc's net profit margin was -119566.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 117921.7 percentage points from the prior year.
Azitra Inc invested $4.7M in research and development in fiscal year 2024. This represents an increase of 29.6% from the prior year.
Azitra Inc invested $9K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 67.7% from the prior year.
AZTR Income Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0-100.0% | $8K | $0-100.0% | $90K-71.0% | $311K+80.6% | $172K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $1.2M-15.8% | $1.4M+25.6% | $1.1M-0.2% | $1.1M-24.1% | $1.5M-2.5% | $1.5M+175.4% | $549K-27.3% | $755K |
| SG&A Expenses | $1.6M+8.1% | $1.5M+11.5% | $1.3M-14.9% | $1.5M+4.1% | $1.5M+41.8% | $1.0M-40.2% | $1.8M+107.9% | $845K |
| Operating Income | -$2.8M+3.6% | -$2.9M-18.0% | -$2.4M+8.5% | -$2.7M+10.2% | -$3.0M-19.9% | -$2.5M-23.9% | -$2.0M-39.7% | -$1.4M |
| Interest Expense | $372-20.5% | $468-91.7% | $6K+214.9% | $2K+94.8% | $915-8.2% | $997+40.4% | $710-99.1% | $76K |
| Income Tax | $0 | $0-100.0% | $9K | $0 | $0-100.0% | $8K | $0 | $0 |
| Net Income | -$2.8M+4.3% | -$2.9M-20.7% | -$2.4M+9.1% | -$2.6M+10.3% | -$2.9M-19.5% | -$2.5M-26.3% | -$1.9M+56.1% | -$4.4M |
| EPS (Diluted) | $-0.67-272.2% | $-0.18 | $5.83 | $-2.74 | $-4.32 | $23.67+591.1% | $-4.82+93.2% | $-70.83 |
AZTR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.3M+8.7% | $4.0M-46.2% | $7.4M+89.5% | $3.9M-36.0% | $6.1M+18.6% | $5.1M-31.7% | $7.5M-23.8% | $9.8M |
| Current Assets | $2.2M+23.9% | $1.8M-65.6% | $5.2M+291.4% | $1.3M-62.1% | $3.5M+39.1% | $2.5M-47.9% | $4.9M-28.9% | $6.8M |
| Cash & Equivalents | $1.4M+34.1% | $1.0M-77.0% | $4.6M+467.2% | $803K-73.2% | $3.0M+67.1% | $1.8M-59.2% | $4.4M-30.0% | $6.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $0 | $0-100.0% | $233 | N/A | N/A | N/A | N/A | $445K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.0M+17.0% | $1.7M+4.0% | $1.7M-23.0% | $2.2M+23.7% | $1.7M-20.8% | $2.2M+2.0% | $2.2M-16.8% | $2.6M |
| Current Liabilities | $1.8M+24.4% | $1.5M+5.6% | $1.4M-20.9% | $1.7M+38.3% | $1.3M-21.5% | $1.6M+10.3% | $1.5M-16.5% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.3M+2.3% | $2.2M-60.9% | $5.7M+230.1% | $1.7M-60.1% | $4.3M+48.4% | $2.9M-45.4% | $5.3M-26.3% | $7.2M |
| Retained Earnings | -$66.3M-4.4% | -$63.5M-10.3% | -$57.6M-6.3% | -$54.2M-5.1% | -$51.5M-6.0% | -$48.6M-5.3% | -$46.1M-4.4% | -$44.2M |
AZTR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M+13.2% | -$2.8M-8.8% | -$2.6M-23.0% | -$2.1M+30.4% | -$3.0M-18.9% | -$2.5M-41.7% | -$1.8M-3.7% | -$1.7M |
| Capital Expenditures | $3K | N/A | $0 | $0 | $0-100.0% | $4K-31.0% | $5K+66.5% | $3K |
| Free Cash Flow | -$2.4M | N/A | -$2.6M-23.0% | -$2.1M+30.4% | -$3.0M-18.8% | -$2.5M-41.5% | -$1.8M-3.8% | -$1.7M |
| Investing Cash Flow | -$41K-13.2% | -$36K+68.6% | -$116K-54.6% | -$75K+7.8% | -$81K-35.2% | -$60K+37.6% | -$96K-21.2% | -$79K |
| Financing Cash Flow | $2.8M+311.7% | $690K+18353.4% | -$4K+82.3% | -$21K-100.5% | $4.3M+83781.6% | -$5K-129.1% | -$2K-100.0% | $6.3M |
| 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 |
AZTR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | -35470.4% | N/A | -2745.0%-2103.3pp | -641.7%+188.3pp | -830.0% |
| Net Margin | N/A | N/A | N/A | -35093.2% | N/A | -2726.4%-2101.0pp | -625.5%+1949.8pp | -2575.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -64.3%+8.7pp | -73.0%-40.5pp | -32.5%+35.3pp | -67.8%-19.5pp | -48.3%-0.4pp | -48.0%-22.0pp | -25.9%+19.1pp | -45.1% |
| Current Ratio | 1.230.0 | 1.24-2.6 | 3.80+3.0 | 0.77-2.0 | 2.80+1.2 | 1.58-1.8 | 3.35-0.6 | 3.93 |
| Debt-to-Equity | 0.89+0.1 | 0.77+0.5 | 0.29-1.0 | 1.25+0.8 | 0.40-0.4 | 0.76+0.4 | 0.40+0.0 | 0.36 |
| FCF Margin | N/A | N/A | N/A | -28026.0% | N/A | -2825.4%-2247.1pp | -578.4%+427.7pp | -1006.0% |
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Frequently Asked Questions
What is Azitra Inc's annual revenue?
Azitra Inc (AZTR) reported $8K in total revenue for fiscal year 2024. This represents a -98.9% 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 Azitra Inc's revenue growing?
Azitra Inc (AZTR) revenue declined by 98.9% year-over-year, from $686K to $8K in fiscal year 2024.
Is Azitra Inc profitable?
No, Azitra Inc (AZTR) reported a net income of -$9.0M in fiscal year 2024, with a net profit margin of -119566.6%.
What is Azitra Inc's earnings per share (EPS)?
Azitra Inc (AZTR) reported diluted earnings per share of $-2.37 for fiscal year 2024. This represents a 95.7% 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 Azitra Inc's EBITDA?
Azitra Inc (AZTR) had EBITDA of -$10.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Azitra Inc's operating margin?
Azitra Inc (AZTR) had an operating margin of -146468.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Azitra Inc's net profit margin?
Azitra Inc (AZTR) had a net profit margin of -119566.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Azitra Inc's free cash flow?
Azitra Inc (AZTR) generated -$10.2M in free cash flow during fiscal year 2024. This represents a -37.9% 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 Azitra Inc's operating cash flow?
Azitra Inc (AZTR) generated -$10.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Azitra Inc's total assets?
Azitra Inc (AZTR) had $7.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Azitra Inc's capital expenditures?
Azitra Inc (AZTR) invested $9K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Azitra Inc spend on research and development?
Azitra Inc (AZTR) invested $4.7M in research and development during fiscal year 2024.
How many shares does Azitra Inc have outstanding?
Azitra Inc (AZTR) had 1M shares outstanding as of fiscal year 2024.
What is Azitra Inc's current ratio?
Azitra Inc (AZTR) had a current ratio of 3.80 as of fiscal year 2024, which is generally considered healthy.
What is Azitra Inc's debt-to-equity ratio?
Azitra Inc (AZTR) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Azitra Inc's return on assets (ROA)?
Azitra Inc (AZTR) had a return on assets of -121.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Azitra Inc's cash runway?
Based on fiscal year 2024 data, Azitra Inc (AZTR) had $4.6M in cash against an annual operating cash burn of $10.2M. This gives an estimated cash runway of approximately 5 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 Azitra Inc's Piotroski F-Score?
Azitra Inc (AZTR) 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 Azitra Inc's earnings high quality?
Azitra Inc (AZTR) has an earnings quality ratio of 1.14x, 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 Azitra Inc cover its interest payments?
Azitra Inc (AZTR) has an interest coverage ratio of -903.4x, 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 Azitra Inc?
Azitra Inc (AZTR) scores 40 out of 100 on our Financial Profile, indicating moderate 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.