Earlyworks Financials
Earlyworks (ELWS) reported $3.1M in revenue for fiscal year 2025, up 171.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Revenue is scaling, but fixed operating costs still absorb gross profit, leaving growth-dependent losses and a shrinking equity cushion.
Gross margin expansion moved from34.5% in FY2023 to51.6% in FY2025, but operating margin remained negative. Because SG&A stayed near$2.5M while gross profit reached only$1.6M in FY2025, scaling improved the loss ratio without yet funding the operating structure.
FY2025 operating cash flow of
Equity fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Earlyworks'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.
Earlyworks has an operating margin of -55.8%, meaning the company loses $56 on every $100 of revenue. This results in a profitability score of 20/100. This is up from -212.7% the prior year.
Earlyworks's revenue surged 171.2% year-over-year to $3.1M, reflecting rapid business expansion. This strong growth earns a score of 99/100.
Earlyworks has a moderate D/E ratio of 0.46. This balance of debt and equity financing earns a leverage score of 61/100.
Earlyworks's current ratio of 1.74 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Earlyworks's operations used $1.3M of cash, and capex of $3K added to the outflow, for a free cash flow shortfall of $1.3M. This results in a cash flow score of 6/100.
Earlyworks posts a -346.8% return on equity (ROE), meaning it loses $347 for every $100 of shareholders' equity. This results in a returns score of 24/100. This is down from -162.8% the prior year.
Earlyworks scores -1.81, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21.5M) relative to total liabilities ($817K). 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.
Earlyworks 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.
Earlyworks reported a net loss of $1.8M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Earlyworks reported an operating loss of $1.7M against $12K 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
Earlyworks generated $3.1M in revenue in fiscal year 2025. This represents an increase of 171.2% from the prior year.
Earlyworks's EBITDA was -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.2% from the prior year.
Earlyworks reported -$1.8M in net income in fiscal year 2025. This represents an increase of 23.6% from the prior year.
Earlyworks earned -$0.12 per diluted share (EPS) in fiscal year 2025. This represents an increase of 14.3% from the prior year.
Cash & Balance Sheet
Earlyworks recorded an outflow of $1.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 46.2% from the prior year.
Earlyworks held $732K in cash against $237K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Earlyworks's gross margin was 51.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 27.5 percentage points from the prior year.
Earlyworks's operating margin was -55.8% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Earlyworks's net profit margin was -58.3% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Earlyworks's ROE was -346.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 184.0 percentage points from the prior year.
Capital Allocation
Earlyworks invested $303K in research and development in fiscal year 2025. This represents a decrease of 37.2% from the prior year.
Earlyworks invested $3K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 43.2% from the prior year.
Not reported for fiscal year 2025.
ELWS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
ELWS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Total Assets | $1.3M-46.5% | $2.5M-31.7% | $3.7M-28.2% | $5.1M+52.7% | $3.3M |
| Current Assets | $1.0M-54.9% | $2.2M-33.8% | $3.4M-32.2% | $5.0M+187.8% | $1.7M |
| Cash & Equivalents | $732K-47.5% | $1.4M-35.0% | $2.1M-53.7% | $4.6M+310.1% | $1.1M |
| Accounts Receivable | $64K-65.5% | $186K-28.1% | $258K+256.3% | $73K-68.1% | $227K |
| Total Liabilities | $817K-22.0% | $1.0M-32.6% | $1.6M-18.9% | $1.9M+6.6% | $1.8M |
| Current Liabilities | $579K-25.3% | $775K-36.7% | $1.2M-17.9% | $1.5M+15.3% | $1.3M |
| Long-Term Debt | $237K-12.8% | $272K-15.5% | $322K-72.8% | $1.2M+136.1% | $502K |
| Total Equity | $519K-64.1% | $1.4M-37.6% | $2.3M-26.4% | $3.2M+115.5% | $1.5M |
| Retained Earnings | -$15.3M-14.5% | -$13.4M-9.3% | -$12.2M-4.3% | -$11.7M-0.2% | -$11.7M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
ELWS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
ELWS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|
| Current Ratio | 1.74-1.1x | 2.87+0.1x | 2.75-0.6x | 3.33+2.0x | 1.33 |
| Debt-to-Equity | 0.46+0.3x | 0.190.0x | 0.14-0.2x | 0.380.0x | 0.34 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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Where Earlyworks Ranks
Frequently Asked Questions
What is Earlyworks's annual revenue?
Earlyworks (ELWS) reported $3.1M in total revenue for fiscal year 2025. This represents a 171.2% 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 Earlyworks's revenue growing?
Earlyworks (ELWS) revenue grew by 171.2% year-over-year, from $1.1M to $3.1M in fiscal year 2025.
Is Earlyworks profitable?
No, Earlyworks (ELWS) reported a net income of -$1.8M in fiscal year 2025, with a net profit margin of -58.3%.
What is Earlyworks's EBITDA?
Earlyworks (ELWS) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Earlyworks have?
As of fiscal year 2025, Earlyworks (ELWS) had $732K in cash and equivalents against $237K in long-term debt.
What is Earlyworks's gross margin?
Earlyworks (ELWS) had a gross margin of 51.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Earlyworks's operating margin?
Earlyworks (ELWS) had an operating margin of -55.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Earlyworks's net profit margin?
Earlyworks (ELWS) had a net profit margin of -58.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Earlyworks's return on equity (ROE)?
Earlyworks (ELWS) has a return on equity of -346.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Earlyworks's free cash flow?
Earlyworks (ELWS) recorded an outflow of $1.3M in free cash flow during fiscal year 2025. This represents a 46.2% 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 Earlyworks's operating cash flow?
Earlyworks (ELWS) recorded an outflow of $1.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Earlyworks's total assets?
Earlyworks (ELWS) had $1.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Earlyworks's capital expenditures?
Earlyworks (ELWS) invested $3K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Earlyworks spend on research and development?
Earlyworks (ELWS) invested $303K in research and development during fiscal year 2025.
What is Earlyworks's current ratio?
Earlyworks (ELWS) had a current ratio of 1.74 as of fiscal year 2025, which is generally considered healthy.
What is Earlyworks's debt-to-equity ratio?
Earlyworks (ELWS) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Earlyworks's return on assets (ROA)?
Earlyworks (ELWS) had a return on assets of -134.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Earlyworks's Altman Z-Score?
Earlyworks (ELWS) has an Altman Z-Score of -1.81, 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 Earlyworks's Piotroski F-Score?
Earlyworks (ELWS) 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 Earlyworks's earnings high quality?
Earlyworks (ELWS) reported a net loss of $1.8M while operations used $1.3M 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 Earlyworks cover its interest payments?
Earlyworks (ELWS) reported an operating loss of $1.7M against $12K 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.
How financially healthy is Earlyworks?
Earlyworks (ELWS) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.