DARKPULSE INC (DPLS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DPLS SEC filings page.
DARKPULSE INC (DPLS) reported $308K in revenue for fiscal year 2025, up 143.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The latest figures show a smaller business with sharply improved cash conversion, but liabilities still overwhelm its operating base.
FY2025 paired a net loss of$3.0M with operating cash flow and free cash flow of only-$66K , unlike FY2024's much larger cash outflow. That gap means the reported loss did not translate into an equally large cash drain in the latest year, although the business still was not cash-generative.
Revenue more than doubled from FY2024 to FY2025, while gross margin narrowed from
At FY2025 year-end,
Financial Health Signals
DARKPULSE INC 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.
DARKPULSE INC scores -98.89, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.1M) relative to total liabilities ($20.9M). 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.
DARKPULSE INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
DARKPULSE INC reported a net loss of $3.0M while operations used $66K of cash. With neither figure positive, the ratio between the two carries no quality signal.
DARKPULSE INC reported an operating loss of $2.4M against $136K 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
Earnings & Revenue
DARKPULSE INC generated $18K in revenue in Q2 2026. This represents a decrease of 65.0% from the same quarter a year earlier.
DARKPULSE INC's EBITDA was -$463K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.9% from the same quarter a year earlier.
DARKPULSE INC reported -$901K in net income in Q2 2026. This represents a decrease of 18.7% from the same quarter a year earlier. Against the prior quarter it is down 266.2%.
Cash & Balance Sheet
DARKPULSE INC held $83K in cash against $481K in long-term debt as of Q2 2026, with $20.6M of liabilities due within a year.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
DARKPULSE INC's gross margin was 67.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 14.6 percentage points from the same quarter a year earlier.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
DPLS 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18K-65.0% | N/A | N/A | $32K+5.0% | $51K+255.6% | N/A | $71K | $31K-62.6% |
| Cost of Revenue | $6K-36.9% | N/A | N/A | N/A | $9K+1281.7% | N/A | $1K | $0-100.0% |
| Gross Profit | $12K-71.2% | N/A | N/A | N/A | $42K+205.1% | N/A | $70K | $31K-61.2% |
| SG&A Expenses | $213K-26.4% | N/A | N/A | $170K+16.0% | $290K+70.2% | N/A | -$2K | $147K-63.6% |
| Operating Income | -$476K+15.5% | N/A | N/A | -$441K+21.1% | -$564K-20.1% | N/A | -$314K | -$559K-17.1% |
| EBITDA | -$463K+14.9% | N/A | N/A | -$426K+19.1% | -$544K-28.2% | N/A | -$281K | -$527K-21.8% |
| Interest Expense | $158K+573.1% | N/A | N/A | $15K+125.0% | $23K-94.4% | N/A | $272K | -$61K-149.5% |
| Income Tax | $0 | N/A | N/A | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$901K-18.7% | -$246K+9.0% | N/A | -$467K+20.9% | -$759K+68.5% | -$270K+49.3% | -$349K | -$591K+40.1% |
| EPS (Basic) | -$0.01+92.3% | N/A | -$0.02 | -$0.010.0% | -$0.13 | N/A | $0.00 | -$0.01 |
| EPS (Diluted) | -$0.01 | N/A | -$0.02 | -$0.01 | -$0.13 | N/A | $0.00 | -$0.01 |
| Diluted Shares (Avg) | 145M | N/A | N/A | 77M | 68M-99.2% | N/A | N/A | 41M-99.5% |
Not reported in any period shown, so not listed: R&D Expenses.
DPLS Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-36.7% | N/A | $1.4M-50.9% | $2.0M-32.2% | $2.2M-14.6% | $2.4M-42.3% | $2.8M-32.2% | $3.0M-55.2% |
| Current Assets | $568K-50.8% | N/A | $544K-50.7% | $1.0M-9.9% | $1.2M+18.6% | $1.3M+28.0% | $1.1M+15.4% | $1.2M-10.2% |
| Cash & Equivalents | $83K-18.6% | N/A | $63K-27.4% | $44K-73.1% | $102K+10617.1% | $108K+10787.4% | $87K+626.4% | $165K+154.6% |
| Short-Term Investments | $0 | N/A | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Accounts Receivable | $429K-55.0% | N/A | $419K-54.2% | $873K-5.9% | $952K+6.1% | $1.1M+19.2% | $915K+5.3% | $927K+863.1% |
| Long-Term Investments | $0 | N/A | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $0-100.0% | $24K-84.7% | $24K | $24K | $24K | $157K |
| Total Liabilities | $21.0M+3.0% | N/A | $20.9M+5.6% | $20.3M-13.0% | $20.4M-5.9% | $19.6M-7.6% | $19.8M-4.8% | $23.3M+5.8% |
| Current Liabilities | $20.6M+5.0% | N/A | $20.3M+11.0% | $19.6M-9.8% | $19.6M-1.9% | $18.6M-4.5% | $18.3M-4.3% | $21.7M+9.5% |
| Non-Current Liabilities | $401K-48.2% | N/A | $623K-59.0% | $696K-56.1% | $774K-53.9% | $978K-42.2% | $1.5M-10.8% | $1.6M-27.2% |
| Long-Term Debt | $481K-36.5% | N/A | $615K-41.0% | $674K-39.3% | $758K-31.1% | $768K-16.2% | $1.0M-5.2% | $1.1M+1.0% |
| Total Equity | -$19.6M-7.7% | -$19.3M-12.3% | -$19.5M-14.8% | -$18.2M+10.1% | -$18.2M+4.8% | -$17.2M-0.9% | -$17.0M-1.9% | -$20.3M-32.6% |
| Retained Earnings | -$75.4M-4.3% | N/A | -$74.2M-4.2% | -$72.8M-2.6% | -$72.3M-2.8% | -$71.5M-5.3% | -$71.3M-5.8% | -$70.9M-8.0% |
DPLS Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$169K+89.0% | -$392K-214.0% | N/A | N/A | -$1.5M | $344K+121.7% |
| Depreciation & Amortization | $13K-34.7% | N/A | $21K-35.9% | $15K-54.0% | $20K-56.2% | N/A | $33K | $32K-28.5% |
| Capital Expenditures | N/A | N/A | $0-100.0% | N/A | N/A | N/A | -$27K | $60K |
| Free Cash Flow | N/A | N/A | -$169K+89.2% | N/A | N/A | N/A | -$1.6M | $283K+117.9% |
| Investing Cash Flow | N/A | N/A | $0-100.0% | -$106K-75.5% | N/A | N/A | $27K | -$60K+76.2% |
| Financing Cash Flow | N/A | N/A | $246K-46.0% | $237K-81.2% | N/A | N/A | $457K | $1.3M+156.1% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
DPLS 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24POS AM | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2%-14.6pp | N/A | N/A | N/A | 81.8%-13.5pp | N/A | 98.0% | 100.0%+3.7pp |
| Operating Margin | -2670.5% | N/A | N/A | -1369.4% | -1107.6% | N/A | -441.7% | -1821.8% |
| Net Margin | -5051.0% | N/A | N/A | -1450.9% | -1490.5% | N/A | -491.4% | -1926.6% |
| Return on Assets | -65.5%-30.6pp | N/A | N/A | -23.0%-3.3pp | -34.9%+59.9pp | -11.3%+1.6pp | -12.5% | -19.7%-5.0pp |
| Current Ratio | 0.030.0x | N/A | 0.030.0x | 0.050.0x | 0.060.0x | 0.070.0x | 0.060.0x | 0.050.0x |
| Asset Turnover | 0.010.0x | N/A | N/A | 0.020.0x | 0.020.0x | N/A | 0.03 | 0.010.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -2213.3% | 922.9% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$19.5M), 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 (0.03), 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 |
|---|---|---|---|---|---|---|
| DARKPULSE INC DPLS | FY2025 | $308K | -$3.0M | N/A | $1.1M | — |
| TRACK GROUP INC TRCK | FY2025 | $35.2M | -$1.9M | -5.3% | $20.7M | — |
| SCIENTIFIC INDUSTRIES INC SCND | FY2025 | $5.1M | -$1.2M | -24.1% | $8.2M | — |
| LIFELOC TECHNOLOGIES INC LCTC | FY2025 | $9.0M | -$2.5M | -27.4% | $11.0M | — |
| GLOBAL WARMING SLTNS INC GWSO | FY2023 | $0 | -$516K | N/A | $3.2M | — |
| US NUCLEAR CORP UCLE | FY2025 | $2.2M | -$1.2M | -57.1% | $2.5M | — |
Where DARKPULSE INC Ranks
Frequently Asked Questions
What is DARKPULSE INC's annual revenue?
DARKPULSE INC (DPLS) reported $308K in total revenue for fiscal year 2025. This represents a 143.2% 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 DARKPULSE INC's revenue growing?
DARKPULSE INC (DPLS) revenue grew by 143.2% year-over-year, from $127K to $308K in fiscal year 2025.
Is DARKPULSE INC profitable?
No, DARKPULSE INC (DPLS) reported a net income of -$3.0M in fiscal year 2025.
What is DARKPULSE INC's EBITDA?
DARKPULSE INC (DPLS) had EBITDA of -$2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does DARKPULSE INC have?
As of fiscal year 2025, DARKPULSE INC (DPLS) had $63K in cash and equivalents against $615K in long-term debt.
What is DARKPULSE INC's gross margin?
DARKPULSE INC (DPLS) had a gross margin of 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is DARKPULSE INC's free cash flow?
DARKPULSE INC (DPLS) recorded an outflow of $66K in free cash flow during fiscal year 2025. This represents a 95.7% 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 DARKPULSE INC's operating cash flow?
DARKPULSE INC (DPLS) recorded an outflow of $66K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are DARKPULSE INC's total assets?
DARKPULSE INC (DPLS) had $1.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are DARKPULSE INC's capital expenditures?
DARKPULSE INC (DPLS) reported no capital expenditure during fiscal year 2025.
What is DARKPULSE INC's current ratio?
DARKPULSE INC (DPLS) had a current ratio of 0.03 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is DARKPULSE INC's return on assets (ROA)?
DARKPULSE INC (DPLS) had a return on assets of -216.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is DARKPULSE INC's P/E ratio?
DARKPULSE INC (DPLS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is DARKPULSE INC's price-to-sales ratio?
DARKPULSE INC (DPLS) trades at 3.5x sales, its market capitalization divided by revenue of $308K revenue, FY2025. The market capitalization is $1.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does DARKPULSE INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, DARKPULSE INC (DPLS) held $63K in cash, cash equivalents and investments, and reported an operating cash outflow of $66K over that year. Dividing the one by the other, the reported balance equals about 11 months 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 DARKPULSE INC's debt-to-equity ratio negative or not reported?
DARKPULSE INC (DPLS) has negative shareholder equity of -$19.5M as of fiscal year 2025, 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 DARKPULSE INC's Altman Z-Score?
DARKPULSE INC (DPLS) has an Altman Z-Score of -98.89, 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 DARKPULSE INC's Piotroski F-Score?
DARKPULSE INC (DPLS) has a Piotroski F-Score of 3 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 DARKPULSE INC's earnings high quality?
DARKPULSE INC (DPLS) reported a net loss of $3.0M while operations used $66K 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 DARKPULSE INC cover its interest payments?
DARKPULSE INC (DPLS) reported an operating loss of $2.4M against $136K 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.