Dyadic Intl Inc Del Financials

DYAI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Dyadic Intl Inc Del (DYAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Financial Health Signals

Financial Profile 47/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Dyadic Intl Inc Del has an operating margin of -168.8%, meaning the company retains $-169 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 -283.9% the prior year.

Growth

Dyadic Intl Inc Del's revenue surged 20.6% year-over-year to $3.5M, reflecting rapid business expansion. This strong growth earns a score of 87/100.

Leverage

Dyadic Intl Inc Del has elevated debt relative to equity (D/E of 3.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

100

With a current ratio of 4.01, Dyadic Intl Inc Del holds $4.01 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Piotroski F-Score Neutral

4/9

Dyadic Intl Inc Del passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.68x

For every $1 of reported earnings, Dyadic Intl Inc Del generates $0.68 in operating cash flow (-$4.0M OCF vs -$5.8M 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

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Revenue

$3.5M

YoY+20.6%

5Y CAGR+15.8%

Dyadic Intl Inc Del generated $3.5M in revenue in fiscal year 2024. This represents an increase of 20.6% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$5.8M

YoY+14.5%

Dyadic Intl Inc Del reported -$5.8M in net income in fiscal year 2024. This represents an increase of 14.5% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$6.5M

YoY-0.1%

5Y CAGR+6.2%

Dyadic Intl Inc Del held $6.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+3.6%

5Y CAGR+1.7%

Dyadic Intl Inc Del had 30M shares outstanding in fiscal year 2024. This represents an increase of 3.6% from the prior year.

Gross Margin

65.8%

YoY+34.0pp

5Y CAGR+52.6pp

Dyadic Intl Inc Del's gross margin was 65.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 34.0 percentage points from the prior year.

Operating Margin

-168.8%

YoY+115.1pp

5Y CAGR+383.4pp

Dyadic Intl Inc Del's operating margin was -168.8% in fiscal year 2024, reflecting core business profitability. This is up 115.1 percentage points from the prior year.

Net Margin

-166.2%

YoY+68.2pp

5Y CAGR+328.0pp

Dyadic Intl Inc Del's net profit margin was -166.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 68.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$2.0M

YoY-38.0%

5Y CAGR-7.9%

Dyadic Intl Inc Del invested $2.0M in research and development in fiscal year 2024. This represents a decrease of 38.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

DYAI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.5M+20.6%	$2.9M-1.1%	$2.9M+21.9%	$2.4M+50.1%	$1.6M-4.7%	$1.7M
Cost of Revenue	$1.2M-39.5%	$2.0M-6.9%	$2.1M+9.2%	$1.9M+36.5%	$1.4M-2.4%	$1.5M
Gross Profit	$2.3M+149.3%	$923K+14.4%	$807K+75.7%	$459K+159.6%	$177K-20.0%	$221K
R&D Expenses	$2.0M-38.0%	$3.3M-26.7%	$4.5M-46.4%	$8.4M+117.0%	$3.9M+25.3%	$3.1M
SG&A Expenses	$6.1M+5.5%	$5.8M-9.4%	$6.4M-4.1%	$6.7M+10.1%	$6.1M+10.2%	$5.5M
Operating Income	-$5.9M+28.3%	-$8.2M+19.0%	-$10.2M+31.0%	-$14.7M-46.9%	-$10.0M-8.0%	-$9.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	$0-100.0%	$31K+203.9%	$10K
Net Income	-$5.8M+14.5%	-$6.8M+30.2%	-$9.7M+25.5%	-$13.1M-40.2%	-$9.3M-12.2%	-$8.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.2M+20.5%	$967K+145.6%	$394K-51.8%	$817K+111.8%	$386K+15.3%	$335K-51.3%	$687K+72.9%	$397K
Cost of Revenue	$1.0M	N/A	N/A	$353K+16.8%	$302K+109.8%	$144K-58.9%	$350K+230.7%	$106K
Gross Profit	$141K	N/A	N/A	$465K+453.4%	$84K-56.0%	$191K-43.3%	$336K+15.5%	$291K
R&D Expenses	$572K-9.1%	$629K+27.2%	$495K-9.3%	$546K+5.8%	$516K-1.4%	$523K-38.7%	$853K+19.0%	$716K
SG&A Expenses	$1.5M+3.1%	$1.4M-10.0%	$1.6M+10.8%	$1.4M-10.4%	$1.6M-10.1%	$1.8M+8.3%	$1.7M+28.8%	$1.3M
Operating Income	-$1.9M-11.4%	-$1.7M+13.7%	-$2.0M-30.9%	-$1.5M+25.1%	-$2.0M+3.9%	-$2.1M+2.0%	-$2.2M-26.1%	-$1.7M
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	-$2.0M-10.2%	-$1.8M+11.5%	-$2.0M-30.7%	-$1.6M+24.2%	-$2.0M-1.8%	-$2.0M+3.0%	-$2.1M-28.3%	-$1.6M
EPS (Diluted)	$-0.060.0%	$-0.06	N/A	$-0.01+85.7%	$-0.07	N/A	N/A	N/A

DYAI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.9M+20.8%	$8.2M-40.1%	$13.7M-35.6%	$21.3M-29.2%	$30.1M-19.7%	$37.5M
Current Assets	$9.8M+21.8%	$8.1M-39.9%	$13.4M-36.1%	$21.0M-29.5%	$29.8M-16.4%	$35.6M
Cash & Equivalents	$6.5M-0.1%	$6.5M+12.4%	$5.8M-63.2%	$15.7M-23.7%	$20.6M+327.8%	$4.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$237K-49.2%	$466K+41.3%	$330K+18.8%	$278K-5.6%	$294K-47.3%	$559K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.5M+218.7%	$2.3M-10.8%	$2.6M-9.7%	$2.9M+78.9%	$1.6M+2.4%	$1.6M
Current Liabilities	$2.4M+8.7%	$2.3M-8.0%	$2.4M-4.2%	$2.6M+57.2%	$1.6M+2.4%	$1.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.5M-58.0%	$5.9M-47.0%	$11.1M-39.7%	$18.4M-35.4%	$28.4M-20.7%	$35.9M
Retained Earnings	-$86.1M-7.2%	-$80.3M-9.2%	-$73.5M-15.3%	-$63.7M-25.8%	-$50.7M-22.6%	-$41.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$11.7M+43.4%	$8.1M+3.1%	$7.9M-20.5%	$9.9M-6.6%	$10.6M-16.2%	$12.7M+54.3%	$8.2M-11.2%	$9.3M
Current Assets	$11.5M+55.9%	$7.4M-5.1%	$7.8M-20.6%	$9.8M-6.4%	$10.5M-16.3%	$12.5M+55.5%	$8.1M-11.2%	$9.1M
Cash & Equivalents	$5.8M+172.5%	$2.1M-57.7%	$5.1M-22.2%	$6.5M+6.1%	$6.1M-42.0%	$10.6M+62.2%	$6.5M-12.0%	$7.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$917K+28.1%	$715K+222.6%	$222K-6.5%	$237K-5.1%	$250K+1.5%	$246K-47.2%	$466K+11.6%	$418K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1M+4.6%	$8.7M+24.3%	$7.0M-6.6%	$7.5M0.0%	$7.5M-8.6%	$8.2M+248.9%	$2.3M+46.0%	$1.6M
Current Liabilities	$4.1M+10.7%	$3.7M+86.6%	$2.0M-19.8%	$2.4M+25.6%	$1.9M-13.9%	$2.3M+0.5%	$2.3M+54.5%	$1.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.6M+592.2%	-$530K-157.4%	$924K-62.6%	$2.5M-22.0%	$3.2M-29.8%	$4.5M-23.2%	$5.9M-23.2%	$7.7M
Retained Earnings	-$91.9M-2.2%	-$89.9M-2.0%	-$88.1M-2.4%	-$86.1M-2.1%	-$84.3M-2.5%	-$82.3M-2.5%	-$80.3M-2.6%	-$78.2M

DYAI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.0M+40.9%	-$6.7M+16.8%	-$8.1M+28.3%	-$11.3M-71.5%	-$6.6M-13.7%	-$5.8M
Capital Expenditures	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
Investing Cash Flow	-$1.9M-125.2%	$7.4M+414.4%	-$2.4M-145.4%	$5.2M-76.4%	$22.1M+187.0%	$7.7M
Financing Cash Flow	$5.8M	$0-100.0%	$544K-55.8%	$1.2M+381.5%	$255K-53.6%	$550K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$1.9M-1324.7%	-$130K+93.3%	-$1.9M-180.0%	-$696K+64.5%	-$2.0M-76.5%	-$1.1M-20.5%	-$923K+52.9%	-$2.0M
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	$93K+109.7%	-$962K-299.5%	$482K-61.8%	$1.3M+151.1%	-$2.5M-277.6%	-$655K-2017.5%	$34K-99.0%	$3.5M
Financing Cash Flow	$4.9M	$0-100.0%	$24K0.0%	$24K	$0-100.0%	$5.8M	$0	$0
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

DYAI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	65.8%+34.0pp	31.8%+4.3pp	27.5%+8.4pp	19.1%+8.1pp	11.1%-2.1pp	13.2%
Operating Margin	-168.8%+115.1pp	-283.9%+63.0pp	-346.9%+265.8pp	-612.7%+13.2pp	-625.9%-73.7pp	-552.2%
Net Margin	-166.2%+68.2pp	-234.4%+97.8pp	-332.2%+211.5pp	-543.7%+38.4pp	-582.1%-87.9pp	-494.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-58.5%+24.2pp	-82.7%-11.7pp	-71.0%-9.6pp	-61.4%-30.4pp	-31.0%-8.8pp	-22.2%
Current Ratio	4.01+0.4	3.58-1.9	5.48-2.7	8.22-10.1	18.32-4.1	22.44
Debt-to-Equity	3.02+2.6	0.40+0.2	0.24+0.1	0.16+0.1	0.06+0.0	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	12.1%	N/A	N/A	56.8%+35.1pp	21.8%-35.2pp	57.0%+8.0pp	49.0%-24.3pp	73.3%
Operating Margin	-165.3%+13.6pp	-178.9%+329.9pp	-508.8%-321.6pp	-187.2%+342.1pp	-529.3%+105.9pp	-635.2%-319.3pp	-315.9%+117.3pp	-433.2%
Net Margin	-169.7%+15.9pp	-185.6%+329.6pp	-515.2%-325.4pp	-189.7%+340.3pp	-530.0%+70.6pp	-600.6%-298.8pp	-301.8%+104.8pp	-406.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-16.9%+5.1pp	-22.0%+3.6pp	-25.7%-10.1pp	-15.6%+3.6pp	-19.2%-3.4pp	-15.8%+9.4pp	-25.2%-7.8pp	-17.4%
Current Ratio	2.85+0.8	2.02-2.0	3.98-0.0	4.01-1.4	5.39-0.2	5.54+2.0	3.58-2.7	6.24
Debt-to-Equity	3.48+19.8	-16.36-23.9	7.55+4.5	3.02+0.7	2.36+0.5	1.81+1.4	0.40+0.2	0.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Dyadic Intl Inc Del's annual revenue?

Dyadic Intl Inc Del (DYAI) reported $3.5M in total revenue for fiscal year 2024. This represents a 20.6% 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 Dyadic Intl Inc Del's revenue growing?

Dyadic Intl Inc Del (DYAI) revenue grew by 20.6% year-over-year, from $2.9M to $3.5M in fiscal year 2024.

Is Dyadic Intl Inc Del profitable?

No, Dyadic Intl Inc Del (DYAI) reported a net income of -$5.8M in fiscal year 2024, with a net profit margin of -166.2%.

What is Dyadic Intl Inc Del's gross margin?

Dyadic Intl Inc Del (DYAI) had a gross margin of 65.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Dyadic Intl Inc Del's operating margin?

Dyadic Intl Inc Del (DYAI) had an operating margin of -168.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Dyadic Intl Inc Del's net profit margin?

Dyadic Intl Inc Del (DYAI) had a net profit margin of -166.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Dyadic Intl Inc Del's operating cash flow?

Dyadic Intl Inc Del (DYAI) generated -$4.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Dyadic Intl Inc Del's total assets?

Dyadic Intl Inc Del (DYAI) had $9.9M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Dyadic Intl Inc Del spend on research and development?

Dyadic Intl Inc Del (DYAI) invested $2.0M in research and development during fiscal year 2024.

How many shares does Dyadic Intl Inc Del have outstanding?

Dyadic Intl Inc Del (DYAI) had 30M shares outstanding as of fiscal year 2024.

What is Dyadic Intl Inc Del's current ratio?

Dyadic Intl Inc Del (DYAI) had a current ratio of 4.01 as of fiscal year 2024, which is generally considered healthy.

What is Dyadic Intl Inc Del's debt-to-equity ratio?

Dyadic Intl Inc Del (DYAI) had a debt-to-equity ratio of 3.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dyadic Intl Inc Del's return on assets (ROA)?

Dyadic Intl Inc Del (DYAI) had a return on assets of -58.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Dyadic Intl Inc Del's cash runway?

Based on fiscal year 2024 data, Dyadic Intl Inc Del (DYAI) had $6.5M in cash against an annual operating cash burn of $4.0M. This gives an estimated cash runway of approximately 20 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.

What is Dyadic Intl Inc Del's Piotroski F-Score?

Dyadic Intl Inc Del (DYAI) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dyadic Intl Inc Del's earnings high quality?

Dyadic Intl Inc Del (DYAI) has an earnings quality ratio of 0.68x, 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.

How financially healthy is Dyadic Intl Inc Del?

Dyadic Intl Inc Del (DYAI) scores 47 out of 100 on our Financial Profile, indicating moderate 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.