Dyadic Intl Inc Del Financials
This page shows Dyadic Intl Inc Del (DYAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Commercial revenue is too small and too volatile to cover a largely fixed cost base, leaving external financing to fund operations.
FY2024’s margin step-up did not hold: gross margin fell from65.8% to24.9% in FY2025 while operating cash burn deepened, suggesting last year’s economics were not a stable new baseline. Because cash dropped to$4.6M despite$5.0M of financing inflow, the business is still being funded from outside rather than by customer cash receipts.
From FY2021 to FY2025, R&D spending fell from
Working capital quality weakened in FY2025: accounts receivable rose from
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 Dyadic Intl Inc Del'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.
Dyadic Intl Inc Del has an operating margin of -232.8%, meaning the company retains $-233 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 down from -168.8% the prior year.
Dyadic Intl Inc Del's revenue declined 11.6% year-over-year, from $3.5M to $3.1M. This contraction results in a growth score of 39/100.
Dyadic Intl Inc Del has elevated debt relative to equity (D/E of 7.07), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Dyadic Intl Inc Del's current ratio of 2.68 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Dyadic Intl Inc Del generates a -597.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -235.2% the prior year.
Dyadic Intl Inc Del passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Dyadic Intl Inc Del generates $0.77 in operating cash flow (-$5.7M OCF vs -$7.4M 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
Earnings & Revenue
Dyadic Intl Inc Del generated $3.1M in revenue in fiscal year 2025. This represents a decrease of 11.6% from the prior year.
Dyadic Intl Inc Del reported -$7.4M in net income in fiscal year 2025. This represents a decrease of 26.8% from the prior year.
Dyadic Intl Inc Del earned $-0.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 15.0% from the prior year.
Cash & Balance Sheet
Dyadic Intl Inc Del held $4.6M in cash against $0 in long-term debt as of fiscal year 2025.
Dyadic Intl Inc Del had 36M shares outstanding in fiscal year 2025. This represents an increase of 21.3% from the prior year.
Margins & Returns
Dyadic Intl Inc Del's gross margin was 24.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 40.9 percentage points from the prior year.
Dyadic Intl Inc Del's operating margin was -232.8% in fiscal year 2025, reflecting core business profitability. This is down 63.9 percentage points from the prior year.
Dyadic Intl Inc Del's net profit margin was -238.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 72.1 percentage points from the prior year.
Dyadic Intl Inc Del's ROE was -597.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 362.4 percentage points from the prior year.
Capital Allocation
Dyadic Intl Inc Del invested $2.2M in research and development in fiscal year 2025. This represents an increase of 5.4% from the prior year.
DYAI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M+96.4% | $566K-51.4% | $1.2M+20.5% | $967K+145.6% | $394K-51.8% | $817K-58.2% | $2.0M+407.3% | $386K |
| Cost of Revenue | $792K | N/A | $1.0M | N/A | $298K-15.6% | $353K-10.9% | $396K+31.1% | $302K |
| Gross Profit | $319K | N/A | $141K | N/A | $96K-79.4% | $465K-70.3% | $1.6M+1760.4% | $84K |
| R&D Expenses | $476K+3.8% | $458K-19.8% | $572K-9.1% | $629K+27.2% | $495K-9.3% | $546K+18.6% | $460K-10.7% | $516K |
| SG&A Expenses | $1.8M+40.7% | $1.2M-15.8% | $1.5M+3.1% | $1.4M-10.0% | $1.6M+10.8% | $1.4M+11.0% | $1.3M-19.3% | $1.6M |
| Operating Income | -$1.9M-23.9% | -$1.5M+20.2% | -$1.9M-11.4% | -$1.7M+13.7% | -$2.0M-30.9% | -$1.5M-655.2% | -$203K+90.1% | -$2.0M |
| Interest Expense | $64K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.0M-24.7% | -$1.6M+20.7% | -$2.0M-10.2% | -$1.8M+11.5% | -$2.0M-30.7% | -$1.6M-662.3% | -$203K+90.1% | -$2.0M |
| EPS (Diluted) | $-0.05 | N/A | $-0.060.0% | $-0.06+14.3% | $-0.07 | N/A | $-0.01+85.7% | $-0.07 |
DYAI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.8M-21.5% | $9.9M-14.8% | $11.7M+43.4% | $8.1M+3.1% | $7.9M-20.5% | $9.9M-8.1% | $10.8M+1.6% | $10.6M |
| Current Assets | $7.7M-22.2% | $9.9M-14.3% | $11.5M+55.9% | $7.4M-5.1% | $7.8M-20.6% | $9.8M-8.1% | $10.7M+1.8% | $10.5M |
| Cash & Equivalents | $4.2M-8.1% | $4.6M-20.8% | $5.8M+172.5% | $2.1M-57.7% | $5.1M-22.2% | $6.5M+9.9% | $5.9M-3.5% | $6.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $996K-8.6% | $1.1M+19.0% | $917K+28.1% | $715K+222.6% | $222K-6.5% | $237K-32.8% | $353K+41.3% | $250K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.2M-5.7% | $8.7M-3.9% | $9.1M+4.6% | $8.7M+24.3% | $7.0M-6.6% | $7.5M+0.9% | $7.4M-0.9% | $7.5M |
| Current Liabilities | $3.2M-13.7% | $3.7M-9.0% | $4.1M+10.7% | $3.7M+86.6% | $2.0M-19.8% | $2.4M+17.9% | $2.1M+6.6% | $1.9M |
| Long-Term Debt | $2.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$408K-133.1% | $1.2M-52.7% | $2.6M+592.2% | -$530K-157.4% | $924K-62.6% | $2.5M-27.6% | $3.4M+7.7% | $3.2M |
| Retained Earnings | -$95.4M-2.1% | -$93.5M-1.7% | -$91.9M-2.2% | -$89.9M-2.0% | -$88.1M-2.4% | -$86.1M-1.8% | -$84.5M-0.2% | -$84.3M |
DYAI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M-10.9% | -$1.8M+4.4% | -$1.9M-1324.7% | -$130K+93.3% | -$1.9M-180.0% | -$696K-246.4% | -$201K+89.8% | -$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 | $1.3M+170.5% | $468K+401.0% | $93K+109.7% | -$962K-299.5% | $482K-61.8% | $1.3M+10647.5% | -$12K+99.5% | -$2.5M |
| Financing Cash Flow | $24K+2425000.0% | -$1-100.0% | $4.9M | $0-100.0% | $24K0.0% | $24K | $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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.7% | N/A | 12.1% | N/A | 24.4%-32.5pp | 56.8%-22.9pp | 79.8%+58.0pp | 21.8% |
| Operating Margin | -171.3%+100.3pp | -271.6%-106.3pp | -165.3%+13.6pp | -178.9%+329.9pp | -508.8%-321.6pp | -187.2%-176.8pp | -10.3%+519.0pp | -529.3% |
| Net Margin | -176.0%+101.2pp | -277.1%-107.5pp | -169.7%+15.9pp | -185.6%+329.6pp | -515.2%-325.4pp | -189.7%-179.3pp | -10.4%+519.6pp | -530.0% |
| Return on Equity | N/A | -127.2%-51.4pp | -75.8% | N/A | -219.5%-156.7pp | -62.8%-56.8pp | -6.0%+58.6pp | -64.6% |
| Return on Assets | -25.0%-9.3pp | -15.8%+1.2pp | -16.9%+5.1pp | -22.0%+3.6pp | -25.7%-10.1pp | -15.6%-13.7pp | -1.9%+17.4pp | -19.2% |
| Current Ratio | 2.42-0.3 | 2.68-0.2 | 2.85+0.8 | 2.02-2.0 | 3.98-0.0 | 4.01-1.1 | 5.15-0.2 | 5.39 |
| Debt-to-Equity | -20.15-27.2 | 7.07+3.6 | 3.48+19.8 | -16.36-23.9 | 7.55+4.5 | 3.02+0.9 | 2.17-0.2 | 2.36 |
| 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 $3.1M in total revenue for fiscal year 2025. This represents a -11.6% 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 declined by 11.6% year-over-year, from $3.5M to $3.1M in fiscal year 2025.
Is Dyadic Intl Inc Del profitable?
No, Dyadic Intl Inc Del (DYAI) reported a net income of -$7.4M in fiscal year 2025, with a net profit margin of -238.3%.
What is Dyadic Intl Inc Del's gross margin?
Dyadic Intl Inc Del (DYAI) had a gross margin of 24.9% in fiscal year 2025, 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 -232.8% in fiscal year 2025, 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 -238.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dyadic Intl Inc Del's return on equity (ROE)?
Dyadic Intl Inc Del (DYAI) has a return on equity of -597.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dyadic Intl Inc Del's operating cash flow?
Dyadic Intl Inc Del (DYAI) generated -$5.7M in operating cash flow during fiscal year 2025, 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 2025, 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 $2.2M in research and development during fiscal year 2025.
What is Dyadic Intl Inc Del's current ratio?
Dyadic Intl Inc Del (DYAI) had a current ratio of 2.68 as of fiscal year 2025, 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 7.07 as of fiscal year 2025, 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 -74.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dyadic Intl Inc Del's cash runway?
Based on fiscal year 2025 data, Dyadic Intl Inc Del (DYAI) had $4.6M in cash against an annual operating cash burn of $5.7M. This gives an estimated cash runway of approximately 10 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 1 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 Dyadic Intl Inc Del's earnings high quality?
Dyadic Intl Inc Del (DYAI) has an earnings quality ratio of 0.77x, 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 15 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.