Azio AI Holdings, Inc. (EVTV) Financials

EVTV

Trailing 12 months to March 31, 2026

Revenue $7.6M YoY not available

Net Income $6.7M YoY not available

Free Cash Flow -$6.2M +17.9% YoY

Operating Cash Flow -$4.7M +32.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 19, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EVTV SEC filings page.

Azio AI Holdings, Inc. (EVTV) reported $7.6M in revenue over the twelve months to Mar 31, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI EVTV FY2025 2026-10-04

Revenue recovered in FY2025, but costs exceeded sales, leaving a smaller asset base and liabilities that dominated it.

Revenue recovery lifted sales from $1.9M in FY2024 to $5.9M in FY2025, but it did not restore operating economics. A -222.2% gross margin alongside operating cash flow of -$5.6M indicates the added volume arrived with costs that overwhelmed the revenue base.

The cash-conversion gap was substantial: FY2025 produced a net loss of $3.3M alongside operating cash flow of -$5.6M. Cash absorbed by operations therefore exceeded the reported accounting loss, pointing to additional cash demands beyond the income statement result.

The balance sheet shifted to negative equity: $4.7M of assets stood against $13.6M of liabilities. The current ratio fell from 1.5x in FY2024 to 0.3x in FY2025, showing that near-term liquidity became much tighter as obligations overtook current assets.

Financial Health Signals

Financial Health Score 37/100

Scored as: Emerging companies peer group

Scored against emerging 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 Azio AI Holdings, 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.

Cash Runway

Azio AI Holdings, Inc. held $359K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $5.6M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Azio AI Holdings, Inc. scores 3/100 among other emerging companies.

Dilution

Azio AI Holdings, Inc. had 5M shares outstanding at the end of fiscal year 2025, against 2M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Azio AI Holdings, Inc. scores 84/100 among other emerging companies.

R&D Intensity

Azio AI Holdings, Inc. spent $732K on research and development in fiscal year 2025, which was 2.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Azio AI Holdings, Inc. scores 15/100 among other emerging companies.

Revenue Progress

Azio AI Holdings, Inc. reported revenue of $5.9M in fiscal year 2025, against $1.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Azio AI Holdings, Inc. scores 77/100 among other emerging companies.

Burn Trend

Azio AI Holdings, Inc.'s operations used $5.6M of cash in fiscal year 2025, against $3.5M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Azio AI Holdings, Inc. scores 38/100 among other emerging companies.

Balance Sheet

Azio AI Holdings, Inc.'s cash, cash equivalents and investments came to $359K at the end of fiscal year 2025, against $13.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Azio AI Holdings, Inc. scores 6/100 among other emerging companies.

Piotroski F-Score Weak

1/9

Azio AI Holdings, Inc. passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Azio AI Holdings, Inc. reported a net loss of $3.3M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.2M

YoY+280.8%

QoQ-9.7%

Azio AI Holdings, Inc. generated $2.2M in revenue in Q1 2026. This represents an increase of 280.8% from the same quarter a year earlier. Against the prior quarter it is down 9.7%.

EBITDA

-$3.7M

YoY+72.4%

Azio AI Holdings, Inc.'s EBITDA was -$3.7M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 72.4% from the same quarter a year earlier.

Net Income

-$4.0M

YoY+71.6%

QoQ-118.0%

Azio AI Holdings, Inc. reported -$4.0M in net income in Q1 2026. This represents an increase of 71.6% from the same quarter a year earlier. Against the prior quarter it is down 118.0%.

EPS (Diluted)

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

-$4.9M

YoY-10.8%

QoQ-787.3%

Azio AI Holdings, Inc. recorded an outflow of $4.9M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 10.8% from the same quarter a year earlier. Against the prior quarter it is down 787.3%.

Cash & Debt

$2.0M

YoY+853.1%

QoQ+461.0%

5Y CAGR-24.6%

10Y CAGR-5.5%

Azio AI Holdings, Inc. held $2.0M in cash against $4.5M in long-term debt as of Q1 2026.

Shares Outstanding

13M

YoY-44.0%

5Y CAGR-44.9%

Azio AI Holdings, Inc. had 13M shares outstanding in Q1 2026. This represents a decrease of 44.0% from the same quarter a year earlier.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

-8.4%

YoY-28.6pp

Azio AI Holdings, Inc.'s gross margin was -8.4% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 28.6 percentage points from the same quarter a year earlier.

Operating Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q1 2026.

Capital Allocation

R&D Spending

$10K

YoY-89.8%

Azio AI Holdings, Inc. invested $10K in research and development in Q1 2026. This represents a decrease of 89.8% from the same quarter a year earlier.

Capital Expenditures

$1.5M

YoY+762.9%

Azio AI Holdings, Inc. invested $1.5M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 762.9% from the same quarter a year earlier.

Share Buybacks

Not reported for Q1 2026.

EVTV 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.

EVTV quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$7.6M	$5.9M+217.6%	$1.9M-34.7%	$2.9M-36.4%	$4.5M+120.5%	$2.0M+2202.2%	$89K-99.3%	$12.6M+150.7%	$5.0M+1079.1%	$425K+525.0%	$68K	N/A
Cost of Revenue	$21.1M	$19.1M+1285.5%	$1.4M-25.6%	$1.9M-33.0%	$2.8M+116.4%	$1.3M+1642.1%	$74K-99.4%	$11.6M+138.4%	$4.9M+918.4%	$479K+858.0%	$50K	N/A
Gross Profit	-$13.5M	-$13.2M-2800.1%	$489K-51.4%	$1.0M-41.9%	$1.7M+127.5%	$761K+4917.3%	$15K-98.4%	$934K+602.3%	$133K+346.3%	-$54K-400.0%	$18K	N/A
R&D Expenses	$643K	$732K+279.4%	$193K-18.3%	$236K+57.5%	$150K+157.9%	$58K	$0-100.0%	$109K-84.2%	$686K+16.9%	$587K+1474.6%	$37K-93.2%	$549K
SG&A Expenses	$11.3M	$11.3M+38.5%	$8.1M-0.3%	$8.2M+2.2%	$8.0M-2.9%	$8.2M+2219.2%	$355K-93.8%	$5.7M-46.4%	$10.7M-43.1%	$18.7M+99.0%	$9.4M+102.8%	$4.6M
Operating Income	N/A	N/A	-$7.9M+37.7%	-$12.7M+71.0%	-$43.8M-467.7%	-$7.7M-1779.5%	-$411K+92.1%	-$5.2M+54.2%	-$11.4M+47.3%	-$21.6M-126.5%	-$9.5M-79.3%	-$5.3M
EBITDA	N/A	N/A	-$7.7M+38.6%	-$12.6M+71.2%	-$43.8M-471.6%	-$7.7M-1846.1%	-$393K+92.4%	-$5.2M+54.4%	-$11.3M+47.5%	-$21.6M-126.6%	-$9.5M-79.3%	-$5.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$322K-72.0%	$1.1M+63.5%	$702K
Income Tax	$0	$0	$0	$0	$0-100.0%	$221K+201.1%	-$218K	N/A	N/A	$3K	N/A	N/A
Net Income	$6.7M	-$3.3M+20.8%	-$4.2M+66.7%	-$12.7M+71.0%	-$43.8M-472.4%	-$7.7M-2637.6%	-$280K+94.6%	-$5.2M+53.4%	-$11.0M+49.6%	-$21.9M-105.0%	-$10.7M-77.1%	-$6.0M
EPS (Basic)	N/A	-$11.54-111.4%	-$5.46-550.0%	-$0.84+71.2%	-$2.92-335.8%	-$0.67	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$2.2M+280.8%	$2.5M	$1.8M	$1.0M+28.8%	$591K-27.1%	N/A	$0-100.0%	$813K-61.9%
Cost of Revenue	$2.4M+417.3%	$14.4M	$1.7M+1193.0%	$2.5M+311.3%	$471K-6.2%	N/A	$134K+66.8%	$609K-51.4%
Gross Profit	-$189K-258.0%	-$11.9M	$81K+160.3%	-$1.5M-815.2%	$119K-61.3%	N/A	-$134K-778.4%	$204K-76.8%
R&D Expenses	$10K-89.8%	$0	$43K+111.5%	$590K+857.7%	$98K+40.0%	N/A	$20K-56.2%	$62K+6.4%
SG&A Expenses	$3.6M-0.9%	$2.1M	$2.8M+99.2%	$2.8M+87.6%	$3.6M+12.8%	N/A	$1.4M-45.9%	$1.5M-28.1%
Operating Income	-$3.8M+72.5%	N/A	-$6.1M-277.7%	-$4.8M-262.4%	-$13.7M-364.5%	N/A	-$1.6M+73.2%	-$1.3M-4.6%
EBITDA	-$3.7M+72.4%	N/A	-$5.7M-265.5%	-$4.5M-251.0%	-$13.5M-361.1%	N/A	-$1.6M+73.6%	-$1.3M-4.2%
Income Tax	$0	$0	$0	$0	$0	N/A	$0	$0
Net Income	-$4.0M+71.6%	$22.2M	-$6.4M-414.8%	-$5.1M-581.6%	-$14.0M-209.7%	N/A	-$1.2M+79.4%	-$755K+39.8%
EPS (Basic)	-$0.31+95.2%	N/A	-$1.79-135.5%	-$2.01-318.7%	-$6.44-2120.7%	N/A	-$0.76-90.0%	-$0.48-500.0%

Not reported in any period shown, so not listed: Interest Expense, EPS (Diluted), Diluted Shares (Avg).

EVTV Balance Sheet

EVTV quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$4.7M-85.7%	$32.7M+44.2%	$22.7M-32.3%	$33.5M-55.5%	$75.3M+3026.5%	$2.4M-76.7%	$10.3M-4.8%	$10.8M+103.6%	$5.3M+56.3%	$3.4M	N/A
Current Assets	$3.5M-80.2%	$17.6M+46.3%	$12.1M-34.3%	$18.3M-20.3%	$23.0M+1087.3%	$1.9M-79.9%	$9.6M-5.3%	$10.2M+128.8%	$4.4M+62.1%	$2.7M	N/A
Cash & Equivalents	$359K-81.5%	$1.9M+325.0%	$457K-83.5%	$2.8M-42.9%	$4.8M+3457.8%	$136K-96.9%	$4.4M+17.9%	$3.8M+53.7%	$2.4M+160.8%	$938K-79.3%	$4.5M
Short-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	$0-100.0%	$6.4M-6.1%	$6.8M+20.4%	$5.7M+47.3%	$3.9M	$0-100.0%	$494K	$0-100.0%	$225K-28.3%	$314K	N/A
Accounts Receivable	N/A	$1.0M+45.9%	$692K-66.6%	$2.1M+45.2%	$1.4M+15767.0%	$9K-98.6%	$661K-33.6%	$997K	$0	N/A	N/A
Long-Term Investments	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0-100.0%	$10.1M+5.4%	$9.6M-34.7%	$14.7M-71.6%	$51.8M	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.6M+15.7%	$11.7M+481.7%	$2.0M+35.7%	$1.5M-4.9%	$1.6M-45.6%	$2.9M-72.6%	$10.5M+225.5%	$3.2M+8.3%	$3.0M-51.2%	$6.1M	N/A
Current Liabilities	$13.3M+13.1%	$11.7M+562.2%	$1.8M+20.5%	$1.5M-5.0%	$1.6M-43.2%	$2.7M-60.4%	$6.9M+128.8%	$3.0M+11.8%	$2.7M-55.9%	$6.1M	N/A
Non-Current Liabilities	$307K+7263.3%	$4K-98.3%	$246K+1375.9%	$17K+6.4%	$16K-89.7%	$153K-95.8%	$3.6M+1554.2%	$219K-24.2%	$289K	$0	N/A
Long-Term Debt	$486K-85.6%	$3.4M+1109.8%	$280K	N/A	N/A	N/A	N/A	N/A	$2.1M-62.8%	$5.8M	N/A
Total Equity	-$8.9M-142.7%	$20.9M+1.4%	$20.6M-35.5%	$32.0M-56.6%	$73.7M+15718.0%	-$472K-145.0%	-$193K-102.5%	$7.6M+225.0%	$2.3M+186.4%	-$2.7M-220.0%	-$846K
Retained Earnings	-$112.6M-53.3%	-$73.5M-13.7%	-$64.6M-24.4%	-$51.9M-539.2%	-$8.1M-1620.3%	-$472K+99.2%	-$59.2M-9.5%	-$54.0M-25.7%	-$43.0M-103.9%	-$21.1M	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$11.2M-55.0%	$4.7M-85.7%	$18.2M-20.3%	$22.7M+1.0%	$24.8M+7.3%	$32.7M+44.2%	$22.8M-10.2%	$22.5M-25.1%
Current Assets	$6.8M-66.3%	$3.5M-80.2%	$15.5M+26.5%	$16.3M+36.1%	$20.1M+58.7%	$17.6M+46.3%	$12.2M-10.0%	$12.0M-19.2%
Cash & Equivalents	$2.0M+853.1%	$359K-81.5%	$78K-88.6%	$942K+115.6%	$211K-79.9%	$1.9M+325.0%	$683K-22.3%	$437K-47.5%
Inventory	$0-100.0%	$0-100.0%	$4.9M-27.6%	$4.9M-27.6%	$6.2M-13.7%	$6.4M-6.1%	$6.7M-2.6%	$6.7M-3.4%
Accounts Receivable	N/A	N/A	N/A	N/A	$852K-16.9%	$1.0M+45.9%	$1.1M-32.9%	$1.4M-47.8%
Goodwill	N/A	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$10.1M+5.4%	$9.6M-15.1%	$9.6M-34.7%
Total Liabilities	$19.4M+23.6%	$13.6M+15.7%	$16.3M+320.9%	$16.8M+286.2%	$15.7M+236.5%	$11.7M+481.7%	$3.9M+136.6%	$4.4M+217.1%
Current Liabilities	$18.3M+16.8%	$13.3M+13.1%	$16.0M+347.3%	$16.4M+283.8%	$15.7M+248.7%	$11.7M+562.2%	$3.6M+119.5%	$4.3M+214.6%
Non-Current Liabilities	$1.1M+40493.7%	$307K+7263.3%	$356K+15.5%	$405K+414.1%	$3K-98.4%	$4K-98.3%	$309K+2270.5%	$79K+460.5%
Long-Term Debt	$4.5M-0.7%	$486K-85.6%	$2.9M+213.2%	$4.9M+273.8%	$4.6M+307.5%	$3.4M+1109.8%	$918K	$1.3M
Total Equity	-$8.2M-189.2%	-$8.9M-142.7%	$1.9M-90.2%	$5.9M-67.5%	$9.2M-50.4%	$20.9M+1.4%	$19.0M-20.3%	$18.1M-36.7%
Retained Earnings	-$116.6M-33.2%	-$112.6M-53.3%	-$99.0M-39.2%	-$92.6M-32.5%	-$87.5M-26.5%	-$73.5M-13.7%	-$71.1M-15.8%	-$69.9M-26.1%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

EVTV Cash Flow Statement

EVTV quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	-$4.7M	-$5.6M-59.4%	-$3.5M+25.6%	-$4.7M+36.6%	-$7.4M+42.6%	-$12.9M-947.6%	$1.5M+133.3%	-$4.6M-1.6%	-$4.5M+19.1%	-$5.6M-91.8%	-$2.9M-38.3%	-$2.1M
Depreciation & Amortization	N/A	$961K+404.1%	$191K+47.9%	$129K+32.5%	$97K+38.4%	$70K+297.7%	$18K-63.6%	$49K+12.1%	$43K+133.1%	$19K+45.3%	$13K+80.3%	$7K
Stock-Based Compensation	N/A	$640K-66.1%	$1.9M+42.9%	$1.3M-18.1%	$1.6M-52.7%	$3.4M+884.0%	$347K-54.9%	$769K-88.0%	$6.4M-57.4%	$15.0M+98.8%	$7.6M+149.3%	$3.0M
Capital Expenditures	$1.5M	$177K-58.9%	$430K+1101.7%	$36K-78.8%	$169K+503.0%	$28K-61.7%	$73K+462.2%	$13K-83.5%	$79K-30.7%	$114K-72.3%	$411K+13600.0%	$3K
Free Cash Flow	-$6.2M	-$5.8M-46.5%	-$3.9M+17.1%	-$4.7M+37.5%	-$7.6M+41.4%	-$13.0M-992.1%	$1.5M+131.6%	-$4.6M-0.1%	-$4.6M+19.4%	-$5.7M-71.5%	-$3.3M-57.6%	-$2.1M
Investing Cash Flow	-$1.5M	-$177K+96.2%	-$4.7M-304.0%	$2.3M-58.1%	$5.5M+217.7%	-$4.7M-6300.0%	-$73K-106.5%	$1.1M+130.4%	-$3.7M-503.4%	-$614K+29.5%	-$871K-670.8%	-$113K
Financing Cash Flow	$8.0M	$4.2M-56.9%	$9.7M+26395.5%	$37K+123.4%	-$157K-100.8%	$20.6M+13372.7%	$153K-96.3%	$4.1M-56.7%	$9.5M+23.8%	$7.7M+4177.8%	$180K-97.3%	$6.6M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$3.3M+20.8%	$708K+208.0%	-$910K+20.7%	-$1.2M-21.0%	-$4.2M-473.4%	-$656K+2.5%	-$1.1M-18.8%	-$965K-17.0%
Depreciation & Amortization	$64K-77.2%	$74K	$328K+802.5%	$279K+659.9%	$281K+615.8%	N/A	$36K+6.2%	$37K+20.0%
Stock-Based Compensation	$26K-95.3%	N/A	$27K+51.7%	$40K+15.5%	$547K-69.9%	N/A	$18K-98.4%	$35K-66.7%
Capital Expenditures	$1.5M+762.9%	$0-100.0%	$0-100.0%	$0-100.0%	$177K	$201K+38538.0%	$94K	$135K+702.9%
Free Cash Flow	-$4.9M-10.8%	$708K+182.6%	-$910K+26.7%	-$1.2M-6.1%	-$4.4M-497.4%	-$857K-27.3%	-$1.2M-28.5%	-$1.1M-30.7%
Investing Cash Flow	-$1.5M-762.9%	$0+100.0%	$0+100.0%	$0+100.0%	-$177K	-$4.5M-859475.2%	-$94K-109.3%	-$135K-702.9%
Financing Cash Flow	$6.5M+144.8%	-$427K-106.7%	$46K-96.9%	$1.9M+289.1%	$2.7M+100.6%	$6.4M+2459.2%	$1.5M+142868.1%	$488K+990.6%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

EVTV 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.

EVTV quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Gross Margin	-222.2%	26.1%-9.0pp	35.1%-3.3pp	38.5%+1.2pp	37.3%+20.2pp	17.1%+9.7pp	7.4%+4.8pp	2.6%+15.4pp	-12.7%-39.2pp	26.5%	N/A
Operating Margin	N/A	-423.5%	-444.1%	-973.4%	-378.1%	-463.1%	-41.5%	-227.0%	-5081.9%	-14020.6%	N/A
Net Margin	-56.3%	-225.5%	-443.1%	-972.4%	-374.6%	-315.0%	-41.0%	-220.5%	-5153.6%	-15713.2%	N/A
Return on Equity	N/A	-20.2%+41.3pp	-61.5%+75.4pp	-136.9%-126.5pp	-10.4%	N/A	N/A	-145.3%+790.7pp	-936.0%	N/A	N/A
Return on Assets	-71.6%-58.7pp	-12.9%+43.1pp	-56.0%+74.8pp	-130.8%-120.7pp	-10.2%+1.4pp	-11.6%+38.4pp	-50.0%+52.0pp	-102.0%+309.6pp	-411.6%-97.8pp	-313.7%	N/A
Current Ratio	0.26-1.2x	1.50-5.3x	6.80-5.7x	12.46-2.4x	14.85+14.1x	0.71-0.7x	1.40-2.0x	3.38+1.7x	1.65+1.2x	0.45	N/A
Debt-to-Equity	N/A	0.16+0.1x	0.010.0x	0.050.0x	0.02	N/A	N/A	0.42-0.5x	0.92	N/A	N/A
Asset Turnover	1.27+1.2x	0.06-0.1x	0.130.0x	0.13+0.1x	0.030.0x	0.04-1.2x	1.22+0.8x	0.46+0.4x	0.08+0.1x	0.02	N/A
FCF Margin	-97.1%	-210.4%	-165.9%	-168.7%	-634.6%	1637.7%	-36.6%+55.0pp	-91.6%	-1339.3%	-4880.9%	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	-8.4%-28.6pp	-479.8%	4.5%	-139.2%	20.2%-17.8pp	N/A	N/A	25.1%-16.1pp
Operating Margin	-167.7%	N/A	-334.5%	-458.4%	-2325.2%	N/A	N/A	-163.0%
Net Margin	-177.3%	891.9%	-350.8%	-491.6%	-2376.8%	N/A	N/A	-92.9%-34.1pp
Return on Equity	N/A	N/A	-341.4%-334.9pp	-87.1%-83.0pp	-153.1%-128.6pp	N/A	-6.5%+18.7pp	-4.2%+0.2pp
Return on Assets	-35.6%+20.9pp	475.6%	-34.9%-29.5pp	-22.6%-19.3pp	-56.5%-36.9pp	N/A	-5.4%+18.1pp	-3.4%+0.8pp
Current Ratio	0.37-0.9x	0.26-1.2x	0.97-2.5x	0.99-1.8x	1.28-1.5x	1.50-5.3x	3.43-4.9x	2.80-8.1x
Debt-to-Equity	N/A	N/A	1.54+1.5x	0.84+0.8x	0.50+0.4x	0.16+0.1x	0.050.0x	0.070.0x
Asset Turnover	0.20+0.2x	0.53	0.10+0.1x	0.050.0x	0.020.0x	N/A	0.000.0x	0.040.0x
FCF Margin	-216.5%	28.5%	-50.2%	-111.5%	-744.1%	N/A	N/A	-135.4%

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: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$8.9M), 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 (0.26), 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
Azio AI Holdings, Inc. EVTV	FY2025	$5.9M	-$3.3M	-56.3%	$29.9M	37/100
LOBO TECHNOLOGIES LTD. LOBO	FY2025	$23.2M	-$5.5M	-23.6%	$7.0M	40/100
Fly-E Group, Inc. FLYE	FY2026	$19.1M	-$9.3M	-48.6%	$3.8M	28/100
AYRO, Inc. AYRO	FY2025	N/A	$21.1M	N/A	$4.5M	—
ECD AUTOMOTIVE DESIGN NEW ECDA	FY2024	$25.2M	-$10.8M	-42.8%	$333K	—
Cenntro Inc. CENN	FY2025	$18.1M	-$73.0M	N/A	$9.1M	39/100

Where Azio AI Holdings, Inc. Ranks

Frequently Asked Questions

What is Azio AI Holdings, Inc.'s annual revenue?

Azio AI Holdings, Inc. (EVTV) reported $5.9M in total revenue for fiscal year 2025. This represents a 217.6% 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 Azio AI Holdings, Inc.'s revenue growing?

Azio AI Holdings, Inc. (EVTV) revenue grew by 217.6% year-over-year, from $1.9M to $5.9M in fiscal year 2025.

Is Azio AI Holdings, Inc. profitable?

No, Azio AI Holdings, Inc. (EVTV) reported a net income of -$3.3M in fiscal year 2025, with a net profit margin of -56.3%.

How much debt does Azio AI Holdings, Inc. have?

As of fiscal year 2025, Azio AI Holdings, Inc. (EVTV) had $359K in cash and equivalents against $486K in long-term debt.

What is Azio AI Holdings, Inc.'s net profit margin?

Azio AI Holdings, Inc. (EVTV) had a net profit margin of -56.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Azio AI Holdings, Inc.'s free cash flow?

Azio AI Holdings, Inc. (EVTV) recorded an outflow of $5.8M in free cash flow during fiscal year 2025. This represents a -46.5% 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 Azio AI Holdings, Inc.'s operating cash flow?

Azio AI Holdings, Inc. (EVTV) recorded an outflow of $5.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Azio AI Holdings, Inc.'s total assets?

Azio AI Holdings, Inc. (EVTV) had $4.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Azio AI Holdings, Inc.'s capital expenditures?

Azio AI Holdings, Inc. (EVTV) invested $177K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Azio AI Holdings, Inc. spend on research and development?

Azio AI Holdings, Inc. (EVTV) invested $732K in research and development during fiscal year 2025.

How many shares does Azio AI Holdings, Inc. have outstanding?

Azio AI Holdings, Inc. (EVTV) had 5M shares outstanding as of fiscal year 2025.

What is Azio AI Holdings, Inc.'s current ratio?

Azio AI Holdings, Inc. (EVTV) had a current ratio of 0.26 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Azio AI Holdings, Inc.'s return on assets (ROA)?

Azio AI Holdings, Inc. (EVTV) had a return on assets of -71.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Azio AI Holdings, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Azio AI Holdings, Inc. (EVTV) held $359K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.6M over that year. Dividing the one by the other, the reported balance equals about 1 month 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 Azio AI Holdings, Inc.'s debt-to-equity ratio negative or not reported?

Azio AI Holdings, Inc. (EVTV) has negative shareholder equity of -$8.9M 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 Azio AI Holdings, Inc.'s Piotroski F-Score?

Azio AI Holdings, Inc. (EVTV) 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 Azio AI Holdings, Inc.'s earnings high quality?

Azio AI Holdings, Inc. (EVTV) reported a net loss of $3.3M while operations used $5.6M 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.

How financially healthy is Azio AI Holdings, Inc.?

Azio AI Holdings, Inc. (EVTV) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.