BOLLINGER INNOVATIONS NEW (BINI) Financials

BINI

FY2024 annual

Revenue $1.1M +199.0% YoY

Net Income -$457.1M +53.0% YoY

Free Cash Flow -$200.3M -3.4% YoY

Operating Cash Flow -$185.6M -3.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Jun 30, 2025 Reported Aug 15, 2025 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2025, filed Aug 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BINI SEC filings page.

BOLLINGER INNOVATIONS NEW (BINI) reported $1.1M in revenue for fiscal year 2024, up 199.0% from the prior fiscal year. This page shows its 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).

Rhea AI BINI FY2024 2026-08-30

The development-stage model is dominated by minimal revenue, heavy operating costs, and persistent cash consumption.

From FY2023 to FY2024, revenue nearly tripled, yet gross margin collapsed from 25.2% to -1,443.8% while operating cash flow stayed near -$180M; incremental sales are not yet improving the economics.

Working-capital pressure is visible in the latest structure: current liabilities of $183.2M nearly triple current assets of $63.2M, leaving little short-term balance-sheet flexibility. That produces a 0.3x current ratio, while reported liquidity measured 0.7 months of annual operating outflow and total liabilities exceeded total assets, leaving negative equity.

Investment intensity remains extreme: R&D consumed $74.9M against only $1.1M of FY2024 revenue, indicating activity is still development-led rather than commercially scaled. Cash conversion is not merely weak: operating cash flow of -$185.6M was close to free cash flow of -$200.3M, so capital spending added relatively little to the underlying cash shortfall.

Financial Health Signals

Financial health score not available

BOLLINGER INNOVATIONS NEW 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 Weak

2/9

BOLLINGER INNOVATIONS NEW passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

BOLLINGER INNOVATIONS NEW reported a net loss of $457.1M while operations used $185.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

BOLLINGER INNOVATIONS NEW reported an operating loss of $391.8M against $1.6M 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

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Earnings & Revenue

Revenue

$474K

YoY+626.1%

QoQ-90.4%

BOLLINGER INNOVATIONS NEW generated $474K in revenue in Q3 2025. This represents an increase of 626.1% from the same quarter a year earlier. Against the prior quarter it is down 90.4%.

EBITDA

-$55.1M

YoY+5.5%

QoQ+9.7%

BOLLINGER INNOVATIONS NEW's EBITDA was -$55.1M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the same quarter a year earlier. Against the prior quarter it is up 9.7%.

Net Income

-$129.7M

YoY-48.5%

QoQ-175.6%

BOLLINGER INNOVATIONS NEW reported -$129.7M in net income in Q3 2025. This represents a decrease of 48.5% from the same quarter a year earlier. Against the prior quarter it is down 175.6%.

EPS (Diluted)

Not reported for Q3 2025.

Cash & Balance Sheet

Free Cash Flow

-$21.2M

YoY+44.6%

QoQ+14.0%

BOLLINGER INNOVATIONS NEW recorded an outflow of $21.2M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents an increase of 44.6% from the same quarter a year earlier. Against the prior quarter it is up 14.0%.

Cash & Debt

$455K

YoY-87.2%

QoQ-67.6%

5Y CAGR-12.1%

10Y CAGR-3.9%

BOLLINGER INNOVATIONS NEW held $455K in cash as of Q3 2025; long-term debt is not reported for that period.

Shares Outstanding

YoY-88.5%

QoQ-89.6%

5Y CAGR+2.3%

10Y CAGR-23.5%

BOLLINGER INNOVATIONS NEW had 5M shares outstanding in Q3 2025. This represents a decrease of 88.5% from the same quarter a year earlier. Against the prior quarter it is down 89.6%.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

Gross Margin

Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Operating Margin

Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q3 2025.

Capital Allocation

R&D Spending

$11.6M

YoY-18.9%

QoQ+11.8%

BOLLINGER INNOVATIONS NEW invested $11.6M in research and development in Q3 2025. This represents a decrease of 18.9% from the same quarter a year earlier. Against the prior quarter it is up 11.8%.

Capital Expenditures

$379K

YoY-76.1%

QoQ-76.9%

BOLLINGER INNOVATIONS NEW invested $379K in capex in Q3 2025, funding long-term assets and infrastructure. This represents a decrease of 76.1% from the same quarter a year earlier. Against the prior quarter it is down 76.9%.

Share Buybacks

Not reported for Q3 2025.

BINI 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.

BINI quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	$1.1M+199.0%	$366K	N/A	N/A	$65.7M+1.1%	$65.0M-1.2%	$65.8M+9.5%	$60.1M+10.6%	$54.3M+34.9%	$40.2M+89.5%	$21.2M+13.3%	$18.7M+1253.9%	$1.4M+656.0%	$183K
Cost of Revenue	N/A	$16.9M+6068.4%	$274K	N/A	N/A	$55.9M+2.1%	$54.7M-1.6%	$55.6M+8.5%	$51.2M+12.1%	$45.7M+34.5%	$34.0M+113.3%	$15.9M+19.1%	$13.4M+1505.8%	$833K+39.7%	$596K
Gross Profit	N/A	-$15.8M-17251.7%	$92K	N/A	N/A	$9.8M-4.2%	$10.3M+1.1%	$10.2M+15.2%	$8.8M+2.9%	$8.6M+37.1%	$6.3M+17.8%	$5.3M-1.2%	$5.4M+873.8%	$552K+233.6%	-$413K
R&D Expenses	N/A	$74.9M-3.2%	$77.4M+257.4%	$21.7M+619.5%	$3.0M+80.5%	$1.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$181.9M-15.7%	$215.8M+186.5%	$75.3M+288.5%	$19.4M+176.4%	$7.0M-24.9%	$9.3M-4.3%	$9.8M-8.2%	$10.6M+20.8%	$8.8M-5.5%	$9.3M-18.0%	$11.4M-59.7%	$28.2M+133.0%	$12.1M	N/A
Operating Income	N/A	-$391.8M-3.7%	-$377.8M-289.5%	-$97.0M-332.9%	-$22.4M-398.6%	-$4.5M+19.6%	-$5.6M-29.0%	-$4.3M+49.6%	-$8.6M+2.7%	-$8.8M+16.0%	-$10.5M-45.2%	-$7.2M+83.8%	-$44.7M-232.9%	-$13.4M	N/A
EBITDA	N/A	-$369.8M-2.3%	-$361.4M-285.7%	-$93.7M-332.2%	-$21.7M-1387.8%	-$1.5M+40.9%	-$2.5M-31.4%	-$1.9M+69.1%	-$6.1M-12.9%	-$5.4M+32.9%	-$8.0M-63.8%	-$4.9M+88.5%	-$42.5M-222.6%	-$13.2M	N/A
Interest Expense	N/A	$1.6M-61.9%	$4.2M	N/A	N/A	$1.4M+30.0%	$1.1M+31.3%	$847K-28.8%	$1.2M+39.6%	$852K	$0+100.0%	-$3.7M-24.4%	-$3.0M-903.9%	$371K+116.3%	$171K
Income Tax	N/A	-$3.9M+64.6%	-$11.0M-3839.2%	-$279K-34969.0%	$800	N/A	N/A	N/A	$0	$0	$0	$0-100.0%	$213K+37.0%	$156K	N/A
Net Income	N/A	-$457.1M+53.0%	-$972.3M-31.5%	-$739.5M-1571.6%	-$44.2M-649.8%	-$5.9M+8.6%	-$6.5M-30.8%	-$4.9M+50.2%	-$9.9M+26.5%	-$13.5M-1.8%	-$13.3M-30.1%	-$10.2M+78.9%	-$48.3M-194.8%	-$16.4M	N/A
EPS (Basic)	N/A	-$1425.61+99.1%	-$157405.25-149.5%	-$63085.26-736877.3%	-$8.56-63.7%	-$5.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	—	N/A	-$1574.14	-$63083.67	-$8.56	-$5.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	612,964	12,365	5M	6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$474K+626.1%	$5.0M+14749.7%	$2.9M	N/A	$65K-78.8%	$33K	$0	N/A
Cost of Revenue	$10.6M+40194.4%	$7.0M+51960.5%	$6.6M	N/A	$26K-89.5%	$13K	N/A	N/A
Gross Profit	-$10.1M-34630.8%	-$2.0M-10388.0%	-$3.7M	N/A	$29K-50.7%	$20K	N/A	N/A
R&D Expenses	$11.6M-18.9%	$10.4M-56.9%	$11.3M-30.2%	N/A	$14.3M-35.3%	$24.0M+17.3%	$16.2M+87.5%	N/A
SG&A Expenses	$36.2M-23.8%	$41.4M-13.6%	$36.5M-15.6%	N/A	$47.5M+49.4%	$47.9M+1.0%	$43.2M-33.5%	N/A
Operating Income	-$58.2M+5.8%	-$65.8M+62.9%	-$51.4M+13.4%	N/A	-$61.8M-14.8%	-$177.4M-161.3%	-$59.4M+19.3%	N/A
EBITDA	-$55.1M+5.5%	-$61.0M+63.6%	-$46.7M+15.2%	N/A	-$58.3M-13.8%	-$167.4M-160.8%	-$55.1M+20.0%	N/A
Interest Expense	$25.7M+210.0%	$1.2M+362.1%	$900K+800.0%	N/A	$8.3M+1260.7%	$260K-86.2%	$100K	N/A
Income Tax	$600-50.0%	$600+100.0%	$600+100.0%	N/A	$1K-99.7%	-$2.2M-348.3%	-$1.7M	N/A
Net Income	-$129.7M-48.5%	-$47.1M+64.5%	-$114.9M-87.1%	N/A	-$87.4M+71.7%	-$132.4M-15.2%	-$61.4M+83.7%	N/A
EPS (Basic)	-$11231.39+98.9%	-$489.24-3963.0%	-$661.33+99.3%	-$1387.69+8.6%	-$1000000.00-89750393.6%	-$12.04-931.6%	-$91940.42-1375.0%	-$1518.70-389510.3%
EPS (Diluted)	N/A	N/A	N/A	N/A	-$7.91	N/A	-$15.32	-$1518.70
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	12M	N/A	4M	N/A

BINI Balance Sheet

BINI quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$178.6M-57.6%	$421.7M+39.4%	$302.6M+1662.1%	$17.2M-36.0%	$26.8M+16.4%	$23.0M-10.6%	$25.8M-20.3%	$32.3M+39.5%	$23.2M+1.1%	$22.9M+60.0%	$14.3M-36.4%	$22.5M-20.7%	$28.4M+1601.1%	$1.7M
Current Assets	$63.2M-68.1%	$198.1M+129.5%	$86.3M+1167.6%	$6.8M-51.2%	$14.0M+61.1%	$8.7M-10.5%	$9.7M-49.1%	$19.0M+106.6%	$9.2M+25.7%	$7.3M+50.1%	$4.9M-61.5%	$12.7M-54.7%	$28.0M+6761.2%	$408K
Cash & Equivalents	$10.3M-93.4%	$155.3M+187.1%	$54.1M+128144.1%	$42K-99.1%	$4.5M+833.2%	$487K-70.4%	$1.6M-85.4%	$11.3M+1715.5%	$622K-39.4%	$1.0M+103.8%	$503K+298.5%	$126K-96.4%	$3.5M+5872.3%	$59K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$37.5M+123.1%	$16.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$124K-81.5%	$672K	N/A	N/A	$7.1M+8.4%	$6.6M+4.3%	$6.3M+14.9%	$5.5M-23.2%	$7.1M+37.1%	$5.2M+52.1%	$3.4M-67.8%	$10.6M-2.2%	$10.9M+172615.6%	$6K
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$0-100.0%	$28.8M-68.9%	$92.8M	$0-100.0%	$7.7M0.0%	$7.7M-14.7%	$9.0M-6.6%	$9.6M0.0%	$9.6M0.0%	$9.6M+44.5%	$6.7M0.0%	$6.7M	$0-100.0%	$422K
Total Liabilities	$195.2M+31.1%	$148.9M-39.0%	$243.9M+209.2%	$78.9M+11.4%	$70.8M+272.8%	$19.0M+10.7%	$17.2M-10.5%	$19.2M+0.4%	$19.1M+37.7%	$13.9M+57.0%	$8.8M-76.7%	$37.9M+233.5%	$11.4M+154.1%	-$21.0M
Current Liabilities	$183.2M+31.2%	$139.6M+14.2%	$122.2M+71.8%	$71.2M+372.2%	$15.1M+44.8%	$10.4M-7.2%	$11.2M-23.5%	$14.7M-5.3%	$15.5M+48.6%	$10.4M+85.5%	$5.6M-72.8%	$20.7M+83.9%	$11.2M+288.5%	$2.9M
Non-Current Liabilities	$12.0M+29.3%	$9.3M-92.4%	$121.7M+1475.4%	$7.7M-86.1%	$55.8M+549.0%	$8.6M+44.5%	$5.9M+31.5%	$4.5M+25.0%	$3.6M+4.9%	$3.4M+7.2%	$3.2M-81.4%	$17.3M+12616.6%	$136K+100.6%	-$23.9M
Long-Term Debt	$0	$0-100.0%	$5.2M+1985.7%	$248K-97.1%	$8.6M+3.2%	$8.3M+40.3%	$5.9M+31.5%	$4.5M+25.0%	$3.6M+4.9%	$3.4M+7.2%	$3.2M-81.4%	$17.3M	N/A	N/A
Total Equity	-$28.6M-113.7%	$209.0M+256.0%	$58.7M+195.1%	-$61.7M-40.3%	-$44.0M-1188.8%	$4.0M-53.0%	$8.6M-34.6%	$13.1M+223.6%	$4.1M-55.1%	$9.0M+64.8%	$5.5M+135.6%	-$15.4M-190.6%	$17.0M-25.1%	$22.7M
Retained Earnings	-$2.3B-24.5%	-$1.9B-109.3%	-$889.9M-491.8%	-$150.4M+18.6%	-$184.7M-3.3%	-$178.8M-3.7%	-$172.3M-2.9%	-$167.4M-6.3%	-$157.4M-9.4%	-$144.0M-11.5%	-$129.1M-8.6%	-$118.9M-68.4%	-$70.6M-37.7%	-$51.3M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$89.2M-53.6%	$150.1M-29.9%	$173.0M-54.6%	$178.6M-57.6%	$192.3M-65.7%	$214.1M-46.8%	$381.2M-13.6%	$421.7M+39.4%
Current Assets	$42.4M-37.3%	$52.9M-40.5%	$59.9M-58.3%	$63.2M-68.1%	$67.6M-73.5%	$88.9M-10.2%	$143.5M+5.9%	$198.1M+129.5%
Cash & Equivalents	$455K-87.2%	$1.4M-93.7%	$2.3M-97.1%	$10.3M-93.4%	$3.5M-98.3%	$22.4M-62.9%	$81.5M+19.7%	$155.3M+187.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$28.1M-25.6%	$38.3M+16.1%	$41.8M+36.0%	$37.5M+123.1%	$37.8M+211.5%	$33.0M+373.7%	$30.7M+341.5%	$16.8M
Accounts Receivable	$0	$0	$99K	$124K-81.5%	$0-100.0%	$0	N/A	$672K
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$0	$0	N/A	$0-100.0%	$0-100.0%	$0-100.0%	$28.8M-68.9%	$28.8M-68.9%
Total Liabilities	$196.3M+40.9%	$219.6M+127.1%	$267.2M+144.3%	$195.2M+31.1%	$139.3M-33.1%	$96.7M-30.7%	$109.4M-74.0%	$148.9M-39.0%
Current Liabilities	$186.5M+47.3%	$209.0M+150.1%	$246.1M+155.2%	$183.2M+31.2%	$126.6M-33.4%	$83.5M-31.2%	$96.4M-75.7%	$139.6M+14.2%
Non-Current Liabilities	$9.8M-23.3%	$10.7M-19.0%	$21.1M+63.4%	$12.0M+29.3%	$12.8M-29.6%	$13.2M-27.4%	$12.9M-43.2%	$9.3M-92.4%
Long-Term Debt	N/A	N/A	$13.2M+73.4%	$0	$0-100.0%	$0-100.0%	$7.6M+55.9%	$0-100.0%
Total Equity	-$107.9M-408.9%	-$73.0M-176.7%	-$103.1M-149.0%	-$28.6M-113.7%	$34.9M-90.1%	$95.1M-63.9%	$210.6M+914.7%	$209.0M+256.0%
Retained Earnings	-$2.6B-21.8%	-$2.5B-20.7%	-$2.4B-26.5%	-$2.3B-24.5%	-$2.1B-26.8%	-$2.1B-48.9%	-$1.9B-51.9%	-$1.9B-109.3%

BINI Cash Flow Statement

BINI quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$109.8M	-$185.6M-3.6%	-$179.2M-172.3%	-$65.8M-275.5%	-$17.5M-679.9%	$3.0M+240.4%	-$2.2M+34.1%	-$3.3M+35.5%	-$5.1M-54.5%	-$3.3M-93.9%	-$1.7M-175.0%	$2.3M+120.9%	-$10.8M+57.1%	-$25.2M-20842.9%	-$120K
Depreciation & Amortization	N/A	$22.0M+34.1%	$16.4M+399.3%	$3.3M+355.4%	$721K-76.3%	$3.0M-2.7%	$3.1M+27.1%	$2.5M-3.1%	$2.5M-26.9%	$3.5M+37.9%	$2.5M+6.6%	$2.4M+5.2%	$2.2M+743.0%	$266K-14.7%	$312K
Stock-Based Compensation	N/A	$40.4M-52.7%	$85.4M+95.5%	$43.7M+780.4%	$5.0M+82.7%	$2.7M+32.5%	$2.1M+1344.1%	$142K-95.2%	$2.9M-15.1%	$3.5M-19.6%	$4.3M+0.9%	$4.3M-74.2%	$16.5M+165.2%	$6.2M+39646.5%	$16K
Capital Expenditures	$4.9M	$14.7M+1.7%	$14.5M+25.0%	$11.6M+26343.7%	$44K-83.8%	$271K+96.0%	$138K+20.1%	$115K+11.2%	$103K-44.8%	$187K-67.7%	$579K-22.9%	$751K	N/A	$220K+21.5%	$181K
Free Cash Flow	-$114.7M	-$200.3M-3.4%	-$193.7M-150.2%	-$77.4M-340.6%	-$17.6M-738.5%	$2.8M+220.1%	-$2.3M+32.3%	-$3.4M+34.6%	-$5.2M-49.2%	-$3.5M-52.7%	-$2.3M-251.0%	$1.5M	N/A	-$25.4M-8340.0%	-$301K
Investing Cash Flow	-$6.3M	-$16.1M+85.0%	-$107.9M-128.9%	-$47.2M-29046.5%	-$162K+91.1%	-$1.8M+25.8%	-$2.5M+55.7%	-$5.5M-200.7%	-$1.8M-22.0%	-$1.5M+65.4%	-$4.4M	N/A	$4.1M+155.2%	-$7.4M-52907.1%	$14K
Financing Cash Flow	$113.0M	$56.8M-84.2%	$358.4M+81.7%	$197.3M+1015.1%	$17.7M+485.3%	$3.0M-12.5%	$3.5M+628.7%	-$654K-103.7%	$17.6M+296.8%	$4.4M-31.7%	$6.5M	N/A	$3.1M-91.2%	$35.8M	$0
Share Buybacks	N/A	$0-100.0%	$5.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$482K	$0	$0

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	-$20.8M+43.3%	-$23.0M+52.6%	-$25.6M+57.3%	-$40.4M+38.4%	-$36.7M+20.3%	-$48.6M-41.5%	-$59.9M-80.2%	-$65.5M-190.3%
Depreciation & Amortization	$3.1M-11.4%	$4.8M-52.0%	$4.7M+9.3%	$4.2M	$3.5M+34.9%	$10.0M+169.5%	$4.3M-9.4%	N/A
Stock-Based Compensation	$24.7M+82.4%	$23.7M+1288.2%	$18.6M+33.7%	N/A	$13.6M+26.6%	$1.7M-91.3%	$13.9M-65.9%	N/A
Capital Expenditures	$379K-76.1%	$1.6M-70.7%	$2.2M-67.7%	$694K+286.2%	$1.6M-84.2%	$5.6M+56.9%	$6.9M+845.1%	$180K-71.8%
Free Cash Flow	-$21.2M+44.6%	-$24.7M+54.5%	-$27.8M+58.4%	-$41.1M+37.5%	-$38.3M+31.7%	-$54.2M-42.9%	-$66.8M-96.6%	-$65.7M-183.1%
Investing Cash Flow	-$379K+76.1%	-$1.6M+70.7%	-$2.2M+67.7%	-$2.1M-342.2%	-$1.6M+84.2%	-$5.6M-51.4%	-$6.9M+92.7%	-$474K+98.7%
Financing Cash Flow	$19.7M+58.5%	$24.2M+590.1%	$19.8M	$49.3M+961.4%	$12.4M-93.7%	-$4.9M-128.5%	$0-100.0%	-$5.7M-107.0%

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

BINI 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.

BINI quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	-1443.8%	25.2%	N/A	N/A	15.0%-0.8pp	15.8%+0.4pp	15.5%+0.8pp	14.7%-1.1pp	15.8%+0.3pp	15.6%-9.5pp	25.0%-3.7pp	28.7%-11.2pp	39.9%	-225.6%
Operating Margin	-35805.4%	-103216.5%	N/A	N/A	-6.8%+1.8pp	-8.6%-2.0pp	-6.6%+7.7pp	-14.3%+2.0pp	-16.3%+9.9pp	-26.2%+8.0pp	-34.1%	-238.6%	-970.6%	N/A
Net Margin	-41766.4%	-265643.3%	N/A	N/A	-9.0%+1.0pp	-9.9%-2.4pp	-7.5%+9.0pp	-16.5%+8.3pp	-24.8%+8.1pp	-32.9%+15.0pp	-48.0%	-257.7%	-1183.5%	N/A
Return on Equity	N/A	-465.3%+794.6pp	-1259.9%	N/A	N/A	-159.8%-102.4pp	-57.4%+18.0pp	-75.4%+256.7pp	-332.1%-185.5pp	-146.6%+39.1pp	-185.7%	N/A	-96.4%	N/A
Return on Assets	-255.9%-25.3pp	-230.5%+13.9pp	-244.4%+13.2pp	-257.6%-235.6pp	-22.0%+6.0pp	-28.0%-8.9pp	-19.2%+11.5pp	-30.7%+27.5pp	-58.2%-0.4pp	-57.8%+13.3pp	-71.1%+143.5pp	-214.6%-156.9pp	-57.8%	N/A
Current Ratio	0.34-1.1x	1.42+0.7x	0.71+0.6x	0.10-0.8x	0.93+0.1x	0.830.0x	0.86-0.4x	1.30+0.7x	0.59-0.1x	0.70-0.2x	0.87+0.3x	0.61-1.9x	2.49+2.4x	0.14
Debt-to-Equity	N/A	0.00-0.1x	0.09	N/A	N/A	2.06+1.4x	0.69+0.3x	0.34-0.5x	0.89+0.5x	0.38-0.2x	0.59	N/A	0.67	N/A
Asset Turnover	0.010.0x	0.00	N/A	N/A	2.45-0.4x	2.82+0.3x	2.55+0.7x	1.86-0.5x	2.34+0.6x	1.76+0.3x	1.48+0.6x	0.83+0.8x	0.05-0.1x	0.11
FCF Margin	-18303.9%	-52918.1%	N/A	N/A	4.2%+7.7pp	-3.5%+1.6pp	-5.1%+3.5pp	-8.6%-2.2pp	-6.4%-0.7pp	-5.6%-12.7pp	7.1%	N/A	-1833.9%	-164.3%

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Gross Margin	-2130.6%	-41.3%-101.0pp	-125.6%	N/A	44.8%+25.5pp	59.7%	N/A	N/A
Operating Margin	-12282.3%	-1329.0%	-1761.2%	N/A	-94689.9%	-532079.9%	N/A	N/A
Net Margin	-27386.3%	-951.0%	-3933.9%	N/A	-133917.1%	-397276.0%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	-250.1%-162.3pp	-139.3%-95.6pp	-29.2%+1784.2pp	N/A
Return on Assets	-145.4%-100.0pp	-31.4%+30.5pp	-66.4%-50.3pp	N/A	-45.4%+9.7pp	-61.9%-33.3pp	-16.1%+69.2pp	N/A
Current Ratio	0.23-0.3x	0.25-0.8x	0.24-1.2x	0.34-1.1x	0.53-0.8x	1.06+0.2x	1.49+1.1x	1.42+0.7x
Debt-to-Equity	N/A	N/A	N/A	N/A	0.000.0x	0.000.0x	0.04-0.2x	0.00-0.1x
Asset Turnover	0.010.0x	0.030.0x	0.020.0x	N/A	0.000.0x	0.000.0x	0.00	N/A
FCF Margin	-4475.3%	-498.2%	-951.4%	N/A	-58701.3%	-162549.1%	N/A	N/A

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, FCF Margin.

Note: Shareholder equity is negative (-$28.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
BOLLINGER INNOVATIONS NEW BINI	FY2024	$1.1M	-$457.1M	N/A	N/A	—
Chijet Motor Company, Inc. CJET	FY2025	N/A	-$30.1M	N/A	$3.8M	—
AYRO, Inc. AYRO	FY2025	N/A	$21.1M	N/A	$4.5M	—
LOBO TECHNOLOGIES LTD. LOBO	FY2025	$23.2M	-$5.5M	-23.6%	$7.3M	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

Where BOLLINGER INNOVATIONS NEW Ranks

Frequently Asked Questions

What is BOLLINGER INNOVATIONS NEW's annual revenue?

BOLLINGER INNOVATIONS NEW (BINI) reported $1.1M in total revenue for fiscal year 2024. This represents a 199.0% 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 BOLLINGER INNOVATIONS NEW's revenue growing?

BOLLINGER INNOVATIONS NEW (BINI) revenue grew by 199.0% year-over-year, from $366K to $1.1M in fiscal year 2024.

Is BOLLINGER INNOVATIONS NEW profitable?

No, BOLLINGER INNOVATIONS NEW (BINI) reported a net income of -$457.1M in fiscal year 2024.

What is BOLLINGER INNOVATIONS NEW's EBITDA?

BOLLINGER INNOVATIONS NEW (BINI) had EBITDA of -$369.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BOLLINGER INNOVATIONS NEW have?

As of fiscal year 2024, BOLLINGER INNOVATIONS NEW (BINI) had $10.3M in cash and equivalents against $0 in long-term debt.

What is BOLLINGER INNOVATIONS NEW's free cash flow?

BOLLINGER INNOVATIONS NEW (BINI) recorded an outflow of $200.3M in free cash flow during fiscal year 2024. This represents a -3.4% 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 BOLLINGER INNOVATIONS NEW's operating cash flow?

BOLLINGER INNOVATIONS NEW (BINI) recorded an outflow of $185.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are BOLLINGER INNOVATIONS NEW's total assets?

BOLLINGER INNOVATIONS NEW (BINI) had $178.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are BOLLINGER INNOVATIONS NEW's capital expenditures?

BOLLINGER INNOVATIONS NEW (BINI) invested $14.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does BOLLINGER INNOVATIONS NEW spend on research and development?

BOLLINGER INNOVATIONS NEW (BINI) invested $74.9M in research and development during fiscal year 2024.

How many shares does BOLLINGER INNOVATIONS NEW have outstanding?

BOLLINGER INNOVATIONS NEW (BINI) had 62M shares outstanding as of fiscal year 2024.

What is BOLLINGER INNOVATIONS NEW's current ratio?

BOLLINGER INNOVATIONS NEW (BINI) had a current ratio of 0.34 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is BOLLINGER INNOVATIONS NEW's return on assets (ROA)?

BOLLINGER INNOVATIONS NEW (BINI) had a return on assets of -255.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

How does BOLLINGER INNOVATIONS NEW's liquidity compare with its operating cash outflow?

At the end of fiscal year 2024, BOLLINGER INNOVATIONS NEW (BINI) held $10.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $185.6M 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.

Why is BOLLINGER INNOVATIONS NEW's debt-to-equity ratio negative or not reported?

BOLLINGER INNOVATIONS NEW (BINI) has negative shareholder equity of -$28.6M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is BOLLINGER INNOVATIONS NEW's Piotroski F-Score?

BOLLINGER INNOVATIONS NEW (BINI) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BOLLINGER INNOVATIONS NEW's earnings high quality?

BOLLINGER INNOVATIONS NEW (BINI) reported a net loss of $457.1M while operations used $185.6M 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.

Can BOLLINGER INNOVATIONS NEW cover its interest payments?

BOLLINGER INNOVATIONS NEW (BINI) reported an operating loss of $391.8M against $1.6M 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.