What is Clearone Inc's earnings per share (EPS)?

Clearone Inc (CLRO) reported diluted earnings per share of $-14.77 for fiscal year 2025. This represents a -163.3% 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.

Clearone Inc Financials

CLRO

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Clearone Inc (CLRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 CLRO FY2025 2026-05-15

Liquidity erosion rather than top-line momentum now appears to be the dominant operating constraint at ClearOne.

Cash reserves collapsed from $17.8M to $220K over the last two reported years, which matters more than the reported losses because liquidity, not accounting earnings, sets day-to-day operating room. At the same time, shareholders' equity flipped from $44.7M to -$714K, showing that the balance-sheet cushion was consumed rather than merely reshuffled.

FY2023 cash generation looked strong on the surface, with operating cash flow of $54.6M despite a net loss of -$560K. Because operating income stayed negative and a large share of that inflow left through financing outflows, including dividends, that year reads more like a balance-sheet event than a sustainably self-funding business model.

Before liquidity tightened, the core cost structure was already under strain: gross margin fell from 41.1% to 34.0%. Inventory stayed near $10M even as revenue shrank, which suggests slower throughput and cash tied up in product rather than a simple temporary dip.

Financial Health Signals

Financial health score pending refresh

We are recalculating Clearone Inc'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.

Altman Z-Score Distress

-24.68

Clearone Inc scores -24.68, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($17.7M) relative to total liabilities ($3.0M). 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

Clearone Inc generated $0 in revenue in fiscal year 2025.

EBITDA

-$4.4M

YoY-166.4%

Clearone Inc's EBITDA was -$4.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 166.4% from the prior year.

Net Income

N/A

EPS (Diluted)

$-14.77

YoY-163.3%

Clearone Inc earned $-14.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 163.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$220K

YoY-84.5%

5Y CAGR-43.4%

10Y CAGR-33.7%

Clearone Inc held $220K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+39.9%

Clearone Inc had 2M shares outstanding in fiscal year 2025. This represents an increase of 39.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CLRO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$0	$0-100.0%	$18.7M-25.8%	$25.2M-13.0%	$29.0M-0.4%	$29.1M
Cost of Revenue	$328K+69.1%	$194K-98.4%	$12.3M-21.6%	$15.7M-7.6%	$17.1M+3.3%	$16.5M
Gross Profit	-$328K-69.1%	-$194K-103.1%	$6.4M-32.8%	$9.5M-20.6%	$11.9M-5.1%	$12.6M
R&D Expenses	N/A	$3.3M-10.1%	$3.7M-16.4%	$4.4M-24.2%	$5.8M+5.1%	$5.5M
SG&A Expenses	$2.5M+108.8%	$1.2M-74.2%	$4.6M-32.6%	$6.8M-1.6%	$6.9M+16.9%	$5.9M
Operating Income	-$4.4M-105.9%	-$2.1M+68.5%	-$6.8M+6.2%	-$7.2M+3.6%	-$7.5M-34.6%	-$5.6M
Interest Expense	N/A	N/A	$537K+27.9%	$420K-18.3%	$514K+17.9%	$436K
Income Tax	$83K-15.3%	$98K-77.4%	$434K-93.7%	$6.9M+2539.6%	-$283K+95.6%	-$6.4M
Net Income	N/A	-$9.0M-1504.1%	-$560K-102.7%	$20.6M+367.2%	-$7.7M-1623.6%	$505K
EPS (Diluted)	$-14.77-163.3%	$-5.61	$-0.02-102.4%	$0.83+312.8%	$-0.39-1400.0%	$0.03

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$0	N/A	$0-100.0%	$1.9M	$0	N/A	$0-100.0%	$2.3M
Cost of Revenue	$70K	N/A	$27K-98.7%	$2.1M+7851.9%	$27K	N/A	$27K-98.8%	$2.3M
Gross Profit	-$70K	N/A	-$27K+88.3%	-$231K-755.6%	-$27K	N/A	-$27K-35.0%	-$20K
R&D Expenses	$0	N/A	$0-100.0%	$1.4M	$0	N/A	$0-100.0%	$868K
SG&A Expenses	$780K	N/A	$827K-47.9%	$1.6M+98.5%	$799K	N/A	$815K-3.6%	$845K
Operating Income	-$850K	N/A	-$854K+81.3%	-$4.6M-451.9%	-$826K	N/A	-$842K+71.2%	-$2.9M
Interest Expense	$0	N/A	$20K+150.0%	$8K	$0	N/A	-$29K	$0
Income Tax	$0	N/A	$1K-87.5%	$8K	$0	N/A	$16K+6.7%	$15K
Net Income	-$487K	N/A	-$13.7M-200.4%	-$4.6M-61.3%	-$2.8M	N/A	-$2.1M+26.9%	-$2.8M
EPS (Diluted)	$-0.18	N/A	$-7.92-200.0%	$-2.64	$-1.71	N/A	$-1.29+26.7%	$-1.76

CLRO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.3M-91.3%	$26.5M-47.6%	$50.7M-39.5%	$83.8M+26.5%	$66.2M+6.2%	$62.3M
Current Assets	$1.7M-91.0%	$18.8M-56.7%	$43.3M-44.1%	$77.4M+163.0%	$29.4M+0.5%	$29.3M
Cash & Equivalents	$220K-84.5%	$1.4M-92.1%	$17.8M+1712.5%	$984K-8.1%	$1.1M-71.8%	$3.8M
Inventory	$353K-9.9%	$392K-96.3%	$10.6M+18.6%	$9.0M-10.7%	$10.0M-4.1%	$10.5M
Accounts Receivable	N/A	$2.2M-32.7%	$3.3M-9.0%	$3.6M-27.8%	$5.0M-3.9%	$5.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0M-42.2%	$5.2M-13.2%	$6.0M-37.5%	$9.6M-34.5%	$14.7M+17.4%	$12.5M
Current Liabilities	$1.5M-58.1%	$3.5M-16.9%	$4.3M-47.5%	$8.1M-29.2%	$11.5M+61.6%	$7.1M
Long-Term Debt	N/A	N/A	$0	$0-100.0%	$1.5M-52.7%	$3.2M
Total Equity	-$714K-103.3%	$21.3M-52.3%	$44.7M-39.7%	$74.1M+43.9%	$51.5M+3.4%	$49.8M
Retained Earnings	-$36.1M-259.3%	-$10.1M-834.9%	-$1.1M-108.5%	-$516K+97.6%	-$21.1M-57.5%	-$13.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.0M-12.3%	$2.3M-75.7%	$9.5M-60.5%	$24.0M-2.7%	$24.7M-7.0%	$26.5M-6.5%	$28.4M-7.8%	$30.8M
Current Assets	$1.7M-1.4%	$1.7M-80.3%	$8.6M-49.0%	$16.9M-1.3%	$17.1M-8.9%	$18.8M-18.6%	$23.0M-9.1%	$25.4M
Cash & Equivalents	$756K+243.6%	$220K+117.8%	$101K-91.1%	$1.1M+17.8%	$961K-32.2%	$1.4M-15.9%	$1.7M-31.2%	$2.5M
Inventory	$333K-5.7%	$353K-9.9%	$392K-95.6%	$8.8M-10.3%	$9.9M+2416.8%	$392K-97.3%	$14.3M-2.3%	$14.6M
Accounts Receivable	N/A	N/A	N/A	$1.1M-44.8%	$1.9M-13.5%	$2.2M+18.2%	$1.9M-27.4%	$2.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5M-50.7%	$3.0M-42.7%	$5.3M-42.0%	$9.1M+75.4%	$5.2M-0.9%	$5.2M+6.9%	$4.9M-7.0%	$5.2M
Current Liabilities	$875K-41.2%	$1.5M-60.4%	$3.8M-50.0%	$7.5M+111.2%	$3.5M+0.1%	$3.5M+6.6%	$3.3M-8.8%	$3.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$532K+174.5%	-$714K-120.6%	$3.5M-76.8%	$14.9M-23.4%	$19.5M-8.5%	$21.3M-9.2%	$23.5M-8.0%	$25.6M
Retained Earnings	-$36.6M-1.3%	-$36.1M-13.1%	-$32.0M-83.0%	-$17.5M-35.5%	-$12.9M-28.2%	-$10.1M-28.0%	-$7.9M-35.6%	-$5.8M

CLRO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	-$6.1M-111.2%	$54.6M+1407.2%	-$4.2M+4.9%	-$4.4M-347.5%	-$982K
Capital Expenditures	N/A	$196K-47.7%	$375K+635.3%	$51K-76.9%	$221K-22.2%	$284K
Free Cash Flow	N/A	-$6.3M-111.6%	$54.3M+1382.6%	-$4.2M+8.3%	-$4.6M-264.5%	-$1.3M
Investing Cash Flow	N/A	$4.2M+185.8%	-$4.9M-334.2%	$2.1M+124.5%	-$8.5M-53.4%	-$5.5M
Financing Cash Flow	N/A	-$14.5M+56.0%	-$32.9M-1703.7%	$2.1M-79.9%	$10.2M+62.6%	$6.3M
Dividends Paid	$0-100.0%	$14.5M-50.0%	$29.0M	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$680K+93.9%	-$11.2M-1389.7%	-$754K+33.2%	-$1.1M+21.5%	-$1.4M+63.9%	-$4.0M-777.2%	$588K+118.6%	-$3.2M
Capital Expenditures	N/A	N/A	$0	$0-100.0%	$17K-58.5%	$41K+105.0%	$20K-69.7%	$66K
Free Cash Flow	N/A	N/A	-$754K+33.2%	-$1.1M+22.5%	-$1.5M+63.8%	-$4.0M-808.3%	$568K+117.6%	-$3.2M
Investing Cash Flow	N/A	N/A	N/A	-$3K+83.3%	-$18K-101.4%	$1.3M+17.2%	$1.1M-29.9%	$1.6M
Financing Cash Flow	N/A	N/A	N/A	$3.0M+197.2%	$1.0M+14285.7%	$7K+133.3%	$3K+100.0%	-$14.5M
Dividends Paid	N/A	$0	$0	N/A	N/A	$0-100.0%	$6K+200.0%	-$6K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CLRO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	34.0%-3.5pp	37.5%-3.6pp	41.1%-2.1pp	43.2%
Operating Margin	N/A	N/A	-36.2%-7.6pp	-28.6%-2.8pp	-25.9%-6.7pp	-19.1%
Net Margin	N/A	N/A	-3.0%-84.5pp	81.6%+108.1pp	-26.6%-28.3pp	1.7%
Return on Equity	N/A	-42.1%-40.9pp	-1.3%-29.0pp	27.7%+42.7pp	-14.9%-16.0pp	1.0%
Return on Assets	N/A	-33.8%-32.7pp	-1.1%-25.6pp	24.5%+36.2pp	-11.6%-12.4pp	0.8%
Current Ratio	1.14-4.1	5.29-4.9	10.16+0.6	9.54+7.0	2.57-1.6	4.13
Debt-to-Equity	-4.22-4.5	0.24+0.2	0.000.0	0.00-0.0	0.03-0.0	0.07
FCF Margin	N/A	N/A	290.1%+306.8pp	-16.8%-0.9pp	-15.9%-11.6pp	-4.4%

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	-12.1%-17.3pp	5.2%	N/A	N/A	-0.9%
Operating Margin	N/A	N/A	N/A	-237.9%-114.9pp	-123.0%	N/A	N/A	-126.9%
Net Margin	N/A	N/A	N/A	-238.6%-116.1pp	-122.5%	N/A	N/A	-122.4%
Return on Equity	-91.5%	N/A	-396.9%-366.3pp	-30.6%-16.1pp	-14.5%	N/A	-8.8%+2.3pp	-11.0%
Return on Assets	-24.1%	N/A	-145.0%-126.0pp	-19.1%-7.6pp	-11.5%	N/A	-7.3%+1.9pp	-9.2%
Current Ratio	1.91+0.8	1.14-1.2	2.29+0.0	2.25-2.6	4.81-0.5	5.29-1.6	6.92-0.0	6.95
Debt-to-Equity	2.79+7.0	-4.22-5.7	1.52+0.9	0.61+0.3	0.26+0.0	0.24+0.0	0.210.0	0.21
FCF Margin	N/A	N/A	N/A	-58.9%+4.0pp	-62.9%	N/A	N/A	-139.8%

Note: Shareholder equity is negative (-$714K), 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.

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Frequently Asked Questions

What is Clearone Inc's annual revenue?

Clearone Inc (CLRO) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

What is Clearone Inc's EBITDA?

Clearone Inc (CLRO) had EBITDA of -$4.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What are Clearone Inc's total assets?

Clearone Inc (CLRO) had $2.3M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Clearone Inc have outstanding?

Clearone Inc (CLRO) had 2M shares outstanding as of fiscal year 2025.

What is Clearone Inc's current ratio?

Clearone Inc (CLRO) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.

What is Clearone Inc's debt-to-equity ratio?

Clearone Inc (CLRO) had a debt-to-equity ratio of -4.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Clearone Inc's debt-to-equity ratio negative or unusual?

Clearone Inc (CLRO) has negative shareholder equity of -$714K 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 Clearone Inc's Altman Z-Score?

Clearone Inc (CLRO) has an Altman Z-Score of -24.68, 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.