DarkPulse, Inc. Financials
This page shows DarkPulse, Inc. (DPLSD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 30 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).
Tiny revenue and much lower cash burn still sit inside a business financed mainly by near-term liabilities.
Operating cash burn fell to-$66K from-$5.7M over the last two valid years, a much sharper improvement than the income statement alone suggests. Yet net losses still ran at-$3.0M , so reported losses now overstate the immediate cash drain while current assets of$544K leave almost no cushion against obligations coming due within a year.
The balance-sheet pressure is mostly short-term, not traditional long-term borrowing: total liabilities were
The latest year showed a positive gross margin, but the loss engine sits above gross profit: gross profit was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of DarkPulse, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
DarkPulse, Inc. has an operating margin of -790.4%, meaning the company retains $-790 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1479.6% the prior year.
DarkPulse, Inc.'s revenue surged 143.2% year-over-year to $308K, reflecting rapid business expansion. This strong growth earns a score of 0/100.
DarkPulse, Inc. carries a low D/E ratio of -0.03, meaning only $-0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
DarkPulse, Inc.'s current ratio of 0.03 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While DarkPulse, Inc. generated -$66K in operating cash flow, capex of $0 consumed most of it, leaving -$66K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
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.
For every $1 of reported earnings, DarkPulse, Inc. generates $0.02 in operating cash flow (-$66K OCF vs -$3.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
DarkPulse, Inc. earns $-18.0 in operating income for every $1 of interest expense (-$2.4M vs $136K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
DarkPulse, Inc. generated $308K in revenue in fiscal year 2025. This represents an increase of 143.2% from the prior year.
DarkPulse, Inc.'s EBITDA was -$2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 34.6% from the prior year.
DarkPulse, Inc. reported -$3.0M in net income in fiscal year 2025. This represents an increase of 23.6% from the prior year.
Cash & Balance Sheet
DarkPulse, Inc. generated -$66K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 95.7% from the prior year.
DarkPulse, Inc. held $63K in cash against $615K in long-term debt as of fiscal year 2025.
DarkPulse, Inc. had 91M shares outstanding in fiscal year 2025. This represents a decrease of 99.1% from the prior year.
Margins & Returns
DarkPulse, Inc.'s gross margin was 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 30.3 percentage points from the prior year.
DarkPulse, Inc.'s operating margin was -790.4% in fiscal year 2025, reflecting core business profitability. This is up 689.3 percentage points from the prior year.
DarkPulse, Inc.'s net profit margin was -961.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2100.1 percentage points from the prior year.
Capital Allocation
DarkPulse, Inc. invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
DPLSD Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84K+161.9% | $32K-36.7% | $51K-63.9% | $141K+98.6% | $71K+131.5% | $31K+114.2% | $14K+32.0% | $11K |
| Cost of Revenue | N/A | N/A | $9K-91.1% | $104K+7343.9% | $1K | $0-100.0% | $671+237.2% | $199 |
| Gross Profit | N/A | N/A | $42K+12.2% | $37K-46.7% | $70K+126.9% | $31K+124.7% | $14K+28.1% | $11K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $275K+61.8% | $170K-41.3% | $290K+100.1% | $145K+6101.9% | -$2K-101.6% | $147K-13.9% | $170K+8.4% | $157K |
| Operating Income | -$1.0M-129.3% | -$441K+21.8% | -$564K-33.6% | -$422K-34.6% | -$314K+43.9% | -$559K-19.1% | -$469K+12.3% | -$535K |
| Interest Expense | $89K+482.3% | $15K-34.7% | $23K+192.8% | $8K-97.1% | $272K+544.4% | -$61K-114.7% | $416K+29566.2% | $1K |
| Income Tax | $0 | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Net Income | -$1.5M-215.4% | -$467K+38.4% | -$759K-184.4% | -$267K+23.5% | -$349K+41.0% | -$591K+75.5% | -$2.4M-351.9% | -$533K |
| EPS (Diluted) | N/A | $-0.01 | $0.00 | $0.00 | N/A | $-0.01 | $0.00 | $0.00 |
DPLSD Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-32.7% | $2.0M-6.4% | $2.2M-9.1% | $2.4M-14.4% | $2.8M-7.0% | $3.0M+18.0% | $2.5M-38.6% | $4.1M |
| Current Assets | $544K-48.1% | $1.0M-9.2% | $1.2M-8.7% | $1.3M+14.5% | $1.1M-5.2% | $1.2M+19.6% | $974K-1.5% | $988K |
| Cash & Equivalents | $63K+41.1% | $44K-56.4% | $102K-5.2% | $108K+24.6% | $87K-47.6% | $165K+17233.3% | $953-3.7% | $990 |
| Inventory | N/A | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Accounts Receivable | $419K-52.0% | $873K-8.3% | $952K-9.4% | $1.1M+14.9% | $915K-1.3% | $927K+3.3% | $897K+1.8% | $882K |
| Goodwill | $0-100.0% | $24K0.0% | $24K0.0% | $24K0.0% | $24K-84.7% | $157K | $0 | $0 |
| Total Liabilities | $20.9M+3.1% | $20.3M-0.7% | $20.4M+4.1% | $19.6M-0.9% | $19.8M-15.0% | $23.3M+7.3% | $21.7M+2.3% | $21.2M |
| Current Liabilities | $20.3M+3.6% | $19.6M-0.4% | $19.6M+5.4% | $18.6M+2.0% | $18.3M-15.8% | $21.7M+8.4% | $20.0M+2.5% | $19.5M |
| Long-Term Debt | $615K-8.7% | $674K-11.1% | $758K-1.3% | $768K-26.3% | $1.0M-6.2% | $1.1M+1.0% | $1.1M+20.0% | $916K |
| Total Equity | -$19.5M-7.1% | -$18.2M+0.1% | -$18.2M-5.9% | -$17.2M-1.3% | -$17.0M+16.2% | -$20.3M-5.9% | -$19.2M-12.2% | -$17.1M |
| Retained Earnings | -$74.2M-2.0% | -$72.8M-0.6% | -$72.3M-1.1% | -$71.5M-0.4% | -$71.3M-0.5% | -$70.9M-0.8% | -$70.3M-3.5% | -$67.9M |
DPLSD Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$169K+56.8% | -$392K-194.2% | $416K+427.8% | $79K+105.1% | -$1.5M-549.5% | $344K+254.7% | -$222K-142.2% | -$92K |
| Capital Expenditures | $0 | N/A | N/A | N/A | -$27K-145.1% | $60K | $0 | $0 |
| Free Cash Flow | -$169K | N/A | N/A | N/A | -$1.6M-655.1% | $283K+227.5% | -$222K-142.2% | -$92K |
| Investing Cash Flow | $0+100.0% | -$106K-222.8% | $86K+339.1% | $20K-27.8% | $27K+145.1% | -$60K | $0+100.0% | -$60K |
| Financing Cash Flow | $246K+4.0% | $237K+63.7% | $145K-54.5% | $318K-30.2% | $457K-63.8% | $1.3M+467.8% | $222K+57.9% | $141K |
| 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 |
DPLSD Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 81.8%+55.5pp | 26.3%-71.7pp | 98.0%-2.0pp | 100.0%+4.7pp | 95.3%-2.9pp | 98.2% |
| Operating Margin | -1198.8%+170.5pp | -1369.4%-261.8pp | -1107.6%-808.3pp | -299.3%+142.5pp | -441.7%+1380.1pp | -1821.8%+1456.1pp | -3277.9%+1652.9pp | -4930.8% |
| Net Margin | -1747.2%-296.3pp | -1450.9%+39.6pp | -1490.5%-1301.4pp | -189.2%+302.3pp | -491.4%+1435.1pp | -1926.6%+14907.2pp | -16833.8%-11917.7pp | -4916.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -107.7%-84.8pp | -23.0%+12.0pp | -34.9%-23.8pp | -11.2%+1.3pp | -12.5%+7.2pp | -19.7%+75.1pp | -94.8%-82.0pp | -12.9% |
| Current Ratio | 0.03-0.0 | 0.050.0 | 0.060.0 | 0.070.0 | 0.060.0 | 0.050.0 | 0.050.0 | 0.05 |
| Debt-to-Equity | -0.030.0 | -0.040.0 | -0.040.0 | -0.04+0.0 | -0.060.0 | -0.050.0 | -0.060.0 | -0.05 |
| FCF Margin | -200.8% | N/A | N/A | N/A | -2213.3%-3136.3pp | 922.9%+2473.7pp | -1550.8%-705.7pp | -845.0% |
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.
Frequently Asked Questions
What is DarkPulse, Inc.'s annual revenue?
DarkPulse, Inc. (DPLSD) 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. (DPLSD) revenue grew by 143.2% year-over-year, from $127K to $308K in fiscal year 2025.
Is DarkPulse, Inc. profitable?
No, DarkPulse, Inc. (DPLSD) reported a net income of -$3.0M in fiscal year 2025, with a net profit margin of -961.7%.
What is DarkPulse, Inc.'s EBITDA?
DarkPulse, Inc. (DPLSD) 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. (DPLSD) had $63K in cash and equivalents against $615K in long-term debt.
What is DarkPulse, Inc.'s gross margin?
DarkPulse, Inc. (DPLSD) 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 operating margin?
DarkPulse, Inc. (DPLSD) had an operating margin of -790.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is DarkPulse, Inc.'s net profit margin?
DarkPulse, Inc. (DPLSD) had a net profit margin of -961.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is DarkPulse, Inc.'s free cash flow?
DarkPulse, Inc. (DPLSD) generated -$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. (DPLSD) generated -$66K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are DarkPulse, Inc.'s total assets?
DarkPulse, Inc. (DPLSD) 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. (DPLSD) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is DarkPulse, Inc.'s current ratio?
DarkPulse, Inc. (DPLSD) 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 debt-to-equity ratio?
DarkPulse, Inc. (DPLSD) had a debt-to-equity ratio of -0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is DarkPulse, Inc.'s return on assets (ROA)?
DarkPulse, Inc. (DPLSD) 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 cash runway?
Based on fiscal year 2025 data, DarkPulse, Inc. (DPLSD) had $63K in cash against an annual operating cash burn of $66K. This gives an estimated cash runway of approximately 11 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 DarkPulse, Inc.'s debt-to-equity ratio negative or unusual?
DarkPulse, Inc. (DPLSD) has negative shareholder equity of -$19.5M 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 DarkPulse, Inc.'s Piotroski F-Score?
DarkPulse, Inc. (DPLSD) 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. (DPLSD) has an earnings quality ratio of 0.02x, 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 DarkPulse, Inc. cover its interest payments?
DarkPulse, Inc. (DPLSD) has an interest coverage ratio of -18.0x, 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.
How financially healthy is DarkPulse, Inc.?
DarkPulse, Inc. (DPLSD) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.