Nuburu Financials
This page shows Nuburu (BURU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
External financing rather than commercial revenue is driving liquidity, while losses still dwarf the operating base.
The clearest operating signal in FY2025 is a balance-sheet reset funded from outside: financing inflow of$58.1M turned cash from$209K a year earlier into a usable cash balance. Even after that, cash of$24.7M covered less than half of current liabilities of$61.4M , so the raise improved liquidity without fixing the company’s working-capital shortfall.
Across the last three valid years, cash burn remained substantial even as reported commercial activity shrank, so the operating cost base is not yet being absorbed by sales or receivables. A current ratio below 1.0x alongside negative equity shows that the latest financing eased immediate cash pressure but did not restore balance-sheet flexibility.
FY2025 free cash flow of
Financial Health Signals
We are recalculating Nuburu's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Nuburu scores -6.99, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($25.3M) relative to total liabilities ($65.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nuburu passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Nuburu generates $0.20 in operating cash flow (-$16.1M OCF vs -$79.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Nuburu earns $-38.9 in operating income for every $1 of interest expense (-$18.4M vs $472K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nuburu generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Nuburu's EBITDA was -$17.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.1% from the prior year.
Nuburu reported -$79.1M in net income in fiscal year 2025. This represents a decrease of 129.1% from the prior year.
Cash & Balance Sheet
Nuburu generated -$20.8M in free cash flow in fiscal year 2025, representing cash available after capex.
Nuburu held $24.7M in cash against $25.5M in long-term debt as of fiscal year 2025.
Nuburu had 93M shares outstanding in fiscal year 2025.
Margins & Returns
Capital Allocation
Nuburu invested $175K in research and development in fiscal year 2025. This represents a decrease of 90.4% from the prior year.
Nuburu invested $4.7M in capex in fiscal year 2025, funding long-term assets and infrastructure.
BURU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $408K | N/A | $0 | $0 | $0 | N/A | $0-100.0% | $49K |
| Cost of Revenue | $653K | N/A | N/A | N/A | $236K | N/A | $360K-50.9% | $734K |
| Gross Profit | -$245K | N/A | $50K+997.5% | $5K+101.9% | -$236K | N/A | -$360K+47.4% | -$684K |
| R&D Expenses | $68K | N/A | $0 | $0-100.0% | $185K | N/A | $206K-69.8% | $683K |
| SG&A Expenses | $5.6M | N/A | $1.9M-54.0% | $4.1M+97.0% | $2.1M | N/A | $1.8M-7.4% | $1.9M |
| Operating Income | -$7.9M | N/A | -$2.6M+43.2% | -$4.6M-51.8% | -$3.0M | N/A | -$2.5M+23.4% | -$3.2M |
| Interest Expense | $71K | N/A | $35K-78.0% | $161K-16.8% | $193K | N/A | $1.1M-3.5% | $1.1M |
| Income Tax | $0 | N/A | $0 | $0 | $0 | N/A | $0 | $0 |
| Net Income | -$460K | N/A | -$22.4M-83.4% | -$12.2M | N/A | N/A | -$4.3M+65.6% | -$12.6M |
| EPS (Diluted) | $-0.01 | N/A | $-0.20 | $-0.18+87.1% | $-1.40 | N/A | $-1.11+85.3% | $-7.57 |
BURU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $76.1M+52.8% | $49.8M+278.8% | $13.2M+430.5% | $2.5M+89.0% | $1.3M-81.2% | $7.0M-10.8% | $7.8M-6.9% | $8.4M |
| Current Assets | $35.7M-22.0% | $45.8M+311.0% | $11.1M+543.7% | $1.7M+64.6% | $1.1M-44.6% | $1.9M-18.9% | $2.3M-10.4% | $2.6M |
| Cash & Equivalents | $8.3M-66.5% | $24.7M+315.1% | $5.9M+5248.4% | $111K+56.6% | $71K-66.1% | $209K-9.8% | $232K+98.0% | $117K |
| Inventory | $293K | N/A | $0 | $0 | N/A | $1.5M0.0% | $1.5M0.0% | $1.5M |
| Accounts Receivable | $202K | $0 | $0 | $0 | $0 | $0-100.0% | $55K-25.5% | $73K |
| Goodwill | $19.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $73.0M+12.4% | $65.0M-3.0% | $67.0M+41.9% | $47.2M+17.2% | $40.3M-10.1% | $44.8M+1.7% | $44.1M+2.1% | $43.2M |
| Current Liabilities | $63.4M+3.2% | $61.4M+46.6% | $41.9M-4.6% | $43.9M+9.0% | $40.3M+93.8% | $20.8M+34.8% | $15.4M+16.4% | $13.3M |
| Long-Term Debt | $39.8M+56.2% | $25.5M | N/A | N/A | N/A | $9.2M+5.7% | $8.7M+12.0% | $7.8M |
| Total Equity | $2.2M+114.3% | -$15.2M+71.8% | -$53.9M-20.4% | -$44.7M-14.8% | -$39.0M-3.0% | -$37.8M-4.3% | -$36.3M-4.2% | -$34.8M |
| Retained Earnings | -$200.9M-0.2% | -$200.5M-16.1% | -$172.7M-14.9% | -$150.2M-8.9% | -$138.0M-4.7% | -$131.8M-9.8% | -$120.0M-3.8% | -$115.6M |
BURU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9.1M-1.1% | -$9.0M-190.7% | -$3.1M-50.5% | -$2.1M-6.8% | -$1.9M-72.6% | -$1.1M+5.1% | -$1.2M+47.2% | -$2.2M |
| Capital Expenditures | N/A | $4.1M | $0 | $0-100.0% | $600K | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$13.1M-323.5% | -$3.1M-50.5% | -$2.1M+18.6% | -$2.5M | N/A | N/A | N/A |
| Investing Cash Flow | -$19.4M-51.8% | -$12.8M-371.3% | -$2.7M-441.5% | -$500K+33.3% | -$750K | N/A | N/A | N/A |
| Financing Cash Flow | $12.1M-70.2% | $40.5M+223.6% | $12.5M+381.4% | $2.6M+2.3% | $2.5M+132.0% | $1.1M-15.3% | $1.3M-38.9% | $2.1M |
| 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 |
BURU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -60.1% | N/A | N/A | N/A | N/A | N/A | N/A | -1389.0% |
| Operating Margin | -1939.2% | N/A | N/A | N/A | N/A | N/A | N/A | -6565.2% |
| Net Margin | -112.8% | N/A | N/A | N/A | N/A | N/A | N/A | -25648.1% |
| Return on Equity | -21.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.6% | N/A | -170.5%+322.6pp | -493.1% | N/A | N/A | -55.6%+95.1pp | -150.7% |
| Current Ratio | 0.56-0.2 | 0.75+0.5 | 0.27+0.2 | 0.04+0.0 | 0.03-0.1 | 0.09-0.1 | 0.15-0.0 | 0.20 |
| Debt-to-Equity | 18.31+20.0 | -1.68-0.4 | -1.24-0.2 | -1.06-0.0 | -1.03-0.8 | -0.240.0 | -0.24-0.0 | -0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$15.2M), 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 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Nuburu's annual revenue?
Nuburu (BURU) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% 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 Nuburu's revenue growing?
Nuburu (BURU) revenue declined by 100% year-over-year, from $152K to $0 in fiscal year 2025.
Is Nuburu profitable?
No, Nuburu (BURU) reported a net income of -$79.1M in fiscal year 2025.
What is Nuburu's EBITDA?
Nuburu (BURU) had EBITDA of -$17.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nuburu have?
As of fiscal year 2025, Nuburu (BURU) had $24.7M in cash and equivalents against $25.5M in long-term debt.
What is Nuburu's free cash flow?
Nuburu (BURU) generated -$20.8M in free cash flow during fiscal year 2025. 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 Nuburu's operating cash flow?
Nuburu (BURU) generated -$16.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nuburu's total assets?
Nuburu (BURU) had $49.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nuburu's capital expenditures?
Nuburu (BURU) invested $4.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Nuburu spend on research and development?
Nuburu (BURU) invested $175K in research and development during fiscal year 2025.
What is Nuburu's current ratio?
Nuburu (BURU) had a current ratio of 0.75 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Nuburu's debt-to-equity ratio?
Nuburu (BURU) had a debt-to-equity ratio of -1.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nuburu's return on assets (ROA)?
Nuburu (BURU) had a return on assets of -158.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nuburu's cash runway?
Based on fiscal year 2025 data, Nuburu (BURU) had $24.7M in cash against an annual operating cash burn of $16.1M. This gives an estimated cash runway of approximately 18 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 Nuburu's debt-to-equity ratio negative or unusual?
Nuburu (BURU) has negative shareholder equity of -$15.2M 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.
What is Nuburu's Altman Z-Score?
Nuburu (BURU) has an Altman Z-Score of -6.99, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nuburu's Piotroski F-Score?
Nuburu (BURU) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 Nuburu's earnings high quality?
Nuburu (BURU) has an earnings quality ratio of 0.20x, 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 Nuburu cover its interest payments?
Nuburu (BURU) has an interest coverage ratio of -38.9x, 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.