Born Inc Financials
This page shows Born Inc (BRRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Recent filings leave the operating model unmeasurable because revenue, assets, and cash-flow anchors do not form a reliable annual base.
Across FY2023-FY2025, the available annual rows never provide a mechanically usable combination of revenue and total assets, so normal tests of scale, margin shape, and cash conversion cannot be trusted. That makes the main takeaway less about performance than about analytical visibility: the business engine is not verifiable from this dataset.
Without a reliable base for sales, asset backing, or recurring cash generation, ratios such as profitability, leverage, and liquidity would imply more precision than the filings support. For a reader, the practical lesson is that these annual fundamentals do not yet describe how the company earns, funds, or sustains itself in a way that can be analyzed confidently.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
For every $1 of reported earnings, Born Inc generates $1.14 in operating cash flow (-$46K OCF vs -$40K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Born Inc reported -$40K in net income in fiscal year 2025. This represents an increase of 11.0% from the prior year.
Cash & Balance Sheet
Born Inc held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Born Inc had 420M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Capital Allocation
BRRN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | $16K | N/A | $22K+850.5% | $2K |
| Operating Income | N/A | N/A | -$4K+56.3% | -$8K+48.4% | -$16K | N/A | -$22K-850.5% | -$2K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | -$4K+56.3% | -$8K+48.4% | -$16K | N/A | -$22K-850.5% | -$2K |
| EPS (Diluted) | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 |
BRRN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2K | $0 | $0 | $0 | $0 | $0+100.0% | -$1 | $0 |
| Current Assets | $2K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $36K-62.3% | $97K+13.4% | $85K+4.5% | $81K+11.6% | $73K+29.0% | $57K+50.9% | $38K+9.6% | $34K |
| Current Liabilities | $36K-62.3% | $97K+13.4% | $85K+4.5% | $81K+11.6% | $73K+29.0% | $57K+50.9% | $38K+9.6% | $34K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$34K+64.5% | -$97K-13.4% | -$85K-4.5% | -$81K-11.6% | -$73K-29.0% | -$57K-50.9% | -$38K-9.6% | -$34K |
| Retained Earnings | -$117.6M0.0% | -$117.6M0.0% | -$117.6M0.0% | -$117.5M0.0% | -$117.5M0.0% | -$117.5M0.0% | -$117.5M0.0% | -$117.5M |
BRRN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$6K-73.0% | -$4K+81.9% | -$20K-33.4% | -$15K+1.9% | -$16K+45.7% | -$29K-2501.0% | -$1K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $6K+73.0% | $4K-81.9% | $20K+33.4% | $15K-1.9% | $16K-45.7% | $29K+2501.0% | $1K |
| 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 |
BRRN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | 2179600.0% | N/A |
| Current Ratio | 0.06 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1.06-0.1 | -1.000.0 | -1.000.0 | -1.000.0 | -1.000.0 | -1.000.0 | -1.000.0 | -1.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$97K), 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.
Frequently Asked Questions
Is Born Inc profitable?
No, Born Inc (BRRN) reported a net income of -$40K in fiscal year 2025.
What is Born Inc's operating cash flow?
Born Inc (BRRN) generated -$46K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Born Inc's total assets?
Born Inc (BRRN) had $0 in total assets as of fiscal year 2025, including both current and long-term assets.
What is Born Inc's debt-to-equity ratio?
Born Inc (BRRN) had a debt-to-equity ratio of -1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Born Inc's cash runway?
Based on fiscal year 2025 data, Born Inc (BRRN) had $0 in cash against an annual operating cash burn of $46K. This gives an estimated cash runway of approximately 0 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.
Why is Born Inc's debt-to-equity ratio negative or unusual?
Born Inc (BRRN) has negative shareholder equity of -$97K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.
Are Born Inc's earnings high quality?
Born Inc (BRRN) 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.