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FIEE Financials

FIEE NASDAQ

Ticker history: MINM became FIEE (FiEE, Inc) on . Earlier news and filings retain their original names and dates. View MINM history.

FY2025 annual
Revenue $6.2M +867.9% YoY
Net Income $1.1M YoY not available
EPS (Diluted) $0.10 n/m YoY
Free Cash Flow $3.5M YoY not available
Market Cap $24.2M as of Oct 30, 2026
Price / Sales 1.8x on $13.1M revenue, trailing 12 months to June 30, 2026
Price / Earnings 5.3x on $4.5M net income, trailing 12 months to June 30, 2026
Price / Book 2.1x on $11.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FIEE SEC filings page.

FiEE, Inc (FIEE) reported $6.2M in revenue for fiscal year 2025, up 867.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 FIEE FY2025

FY2025 shows a much smaller business with sharply different gross economics, positive earnings, and cash generation rather than growth-led improvement.

Compared with FY2023, FY2025 revenue was down 76.3% while operating margin improved 90.9 percentage points, indicating the improvement came from a changed revenue-cost structure rather than volume. Cash also stayed positive at $3.6M versus $4.8M, so the smaller operation generated cash without regaining its earlier sales base.

Operating cash flow was 339.1% of net income, while free cash flow reached $3.5M; reported earnings translated into cash rather than being absorbed by investment. Capital expenditures were only 3.0% of revenue, reinforcing that cash generation was not consumed by heavy reinvestment.

Liabilities fell to 38.8% of assets in FY2025 from 99.1% in FY2023, while the current ratio improved from 0.9x to 1.6x. That combination indicates a materially less strained balance-sheet posture, although the business remains heavily dependent on its new gross-profit structure because selling, general, and administrative costs consumed 60.6% of revenue.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 39 / 100
Financial Health Score 39/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 FiEE, 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.

Profitability
27

FiEE, Inc has an operating margin of 25.0%, meaning the company retains $25 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 27/100.

Growth
1

FiEE, Inc's revenue surged 867.9% year-over-year to $6.2M, reflecting rapid business expansion. This strong growth earns a score of 1/100.

Leverage
56
Liquidity
46

FiEE, Inc's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
98

FiEE, Inc converts 55.7% of revenue into free cash flow ($3.5M). This strong cash generation earns a score of 98/100.

Returns
7

FiEE, Inc generates a 16.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100.

Altman Z-Score Distress
-7.63

FiEE, Inc scores -7.63, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $95.6M against total assets of $10.8M. 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.

Piotroski F-Score Partial
5/7

FiEE, Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 3 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality Cash-Backed
3.39x

For every $1 of reported earnings, FiEE, Inc generates $3.39 in operating cash flow ($3.6M OCF vs $1.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
173.18x

FiEE, Inc earns $173.18 in operating income for every $1 of interest expense ($1.6M vs $9K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.8M
YoY+10624.6%
QoQ+127.4%

FiEE, Inc generated $4.8M in revenue in Q2 2026. This represents an increase of 10624.6% from the same quarter a year earlier. Against the prior quarter it is up 127.4%.

EBITDA
$2.7M
YoYn/m
QoQ+488.2%

FiEE, Inc's EBITDA was $2.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 488.2%.

Net Income
$2.1M
YoYn/m
QoQ+500.6%

FiEE, Inc reported $2.1M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 500.6%.

EPS (Diluted)
$0.14
QoQ+600.0%

FiEE, Inc earned $0.14 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 600.0%.

Cash & Balance Sheet

Cash & Debt
$5.4M
YoY+20.7%
QoQ+18.7%
5Y CAGR+46.3%
10Y CAGR+49.7%

FiEE, Inc held $5.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
9M
QoQ+2.4%

FiEE, Inc had 9M shares outstanding in Q2 2026. Against the prior quarter it is up 2.4%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
80.3%
YoY+77.9pp
QoQ+9.8pp

FiEE, Inc's gross margin was 80.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 77.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.8 percentage points.

Operating Margin
54.8%
QoQ+34.7pp

FiEE, Inc's operating margin was 54.8% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 34.7 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin
43.8%
QoQ+27.2pp

FiEE, Inc's net profit margin was 43.8% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 27.2 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity
18.7%
YoY+40.5pp
QoQ+14.8pp

FiEE, Inc's quarterly ROE was 18.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 40.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.8 percentage points.

Capital Allocation

R&D Spending
$39K
YoY+125.2%
QoQ+7.2%

FiEE, Inc invested $39K in research and development in Q2 2026. This represents an increase of 125.2% from the same quarter a year earlier. Against the prior quarter it is up 7.2%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

FIEE 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.

FIEE quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$4.8M+10624.6%$2.1M+1697491.2%$4.2M$1.9M$45K$125-100.0%N/AN/A
Cost of Revenue$952K+2066.6%$628K+83599.3%$504K$292K$44K$750-99.8%N/AN/A
Gross Profit$3.9M+364296.4%$1.5Mn/m$3.7M$1.6M$1K-$625-100.3%N/AN/A
R&D Expenses$39K+125.2%$37K+22.0%$0N/A$17K-57.4%$30K-58.6%N/AN/A
SG&A Expenses$1.2M+91.8%$1.0M+202.9%$1.0M$1.7M+179.7%$621K+1.5%$340K-67.2%N/A$625K-79.4%
Operating Income$2.6Mn/m$426Kn/m$2.7M-$101Kn/m-$637Kn/m-$371Kn/mN/A-$625Kn/m
EBITDA$2.7Mn/m$455Kn/m$2.7M-$54Kn/m-$615Kn/m-$321Kn/mN/A-$550Kn/m
Interest Expense-$97-103.7%N/A$280$3K$3Kn/m$3Kn/mN/AN/A
Income Tax$527K$137Kn/m$308K$140KN/A$0n/mN/AN/A
Net Income$2.1Mn/m$352Kn/m$2.3M-$253Kn/m-$640Kn/m-$374Kn/mN/A-$625Kn/m
EPS (Basic)$0.18$0.03$0.37+184.6%-$0.04-$0.13-$0.10n/m$0.13-$0.21
EPS (Diluted)$0.14$0.02$0.35+169.2%-$0.04-$0.13-$0.10n/m$0.13-$0.21
Diluted Shares (Avg)11M10MN/A6M5M4M+26.9%N/A3M

FIEE Balance Sheet

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.

FIEE quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$15.1M+114.0%$11.8M+3208.2%$10.8M+3408.1%$8.5M+1864.0%$7.1M+639.6%$358K-76.2%$307K-97.5%$433K-97.2%
Current Assets$10.9M+110.3%$6.2M+5930.6%$6.6M+3909.3%$6.7M+3017.9%$5.2M+694.5%$103K-90.4%$165K-98.6%$216K-98.5%
Cash & Equivalents$5.4M+20.7%$4.6M+50206.6%$3.1M+10126.3%$5.9M+2980.1%$4.5M+614.0%$9K-99.1%$30K-95.7%$192K-58.9%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Accounts Receivable$5.1M$1.4M$2.1Mn/m$187KN/AN/A$0-100.0%N/A
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Goodwill$25KN/AN/AN/AN/AN/AN/AN/A
Total Liabilities$3.9M-6.4%$2.9M+241.5%$4.2M+856.9%$4.6M+363.8%$4.1M+203.2%$862K-39.3%$437K-96.4%$992K-93.4%
Current Liabilities$3.9M-6.4%$2.9M+247.6%$4.2M+856.9%$4.6M+363.8%$4.1M+203.2%$847K-40.4%$437K-96.4%$992K-93.1%
Non-Current Liabilities$0n/m$0-100.0%$0n/m$0n/m$0n/m$15Kn/m$0n/m$0-100.0%
Total Equity$11.3M+284.4%$8.9Mn/m$6.6Mn/m$3.9Mn/m$2.9Mn/m-$504K-705.3%-$130K-212.1%-$559K-512.0%
Retained Earnings-$93.2Mn/m-$95.3Mn/m-$95.6Mn/m-$98.0Mn/m-$97.7Mn/m-$97.1Mn/m-$96.7Mn/m-$96.8Mn/m

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

FIEE Cash Flow 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.

FIEE quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$24K-95.6%$67Kn/m$1.2M+10356.9%$2.3Mn/m$543Kn/m-$371Kn/m$11K-99.0%-$905K-173.6%
Depreciation & Amortization$35K+59.1%$29K-42.0%$41K+5.1%$47K-37.3%$22K-73.5%$50K-51.7%$39K-77.3%$75K-26.8%
Stock-Based CompensationN/A$46KN/AN/AN/AN/AN/AN/A
Capital ExpendituresN/A$518K$180KN/AN/AN/AN/AN/A
Free Cash FlowN/A-$451K$978KN/AN/AN/AN/AN/A
Investing Cash Flow$884K-$518K-$4.0MN/AN/AN/AN/AN/A
Financing Cash Flow-$58K-101.5%$2.0M+464.3%$0n/m$0-100.0%$4.0Mn/m$350K-87.5%-$184Kn/m$465Kn/m

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

FIEE 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.

FIEE quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin80.3%+77.9pp70.4%88.0%85.0%2.4%-500.0%N/AN/A
Operating Margin54.8%20.1%63.2%-5.2%-1415.6%-296896.8%N/AN/A
Net Margin43.8%16.6%55.6%-13.0%-1421.7%-299128.0%N/AN/A
Return on Equity18.7%+40.5pp4.0%35.5%-6.5%-21.8%N/AN/AN/A
Return on Assets14.0%+23.1pp3.0%+107.5pp21.7%-3.0%+141.3pp-9.1%+42.1pp-104.5%+112.4ppN/A-144.3%-99.7pp
Current Ratio2.84+1.6x2.12+2.0x1.58+1.2x1.46+1.2x1.26+0.8x0.12-0.6x0.38-0.6x0.22-0.8x
Liabilities-to-Equity0.34-1.1x0.330.631.181.40N/AN/AN/A
Asset Turnover0.32+0.3x0.18+0.2x0.390.230.010.00-0.4xN/AN/A
FCF MarginN/A-21.3%23.2%N/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Debt-to-Equity.

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.

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. Market cap is stated at each company's latest close.

Company Fiscal year Revenue Net income Net margin Market cap Health score
FiEE, Inc FIEE FY2025 $6.2M $1.1M 17.3% $24.2M 39/100
Franklin Wireless Corp. FKWL FY2026 $36.5M -$4.7M -13.0% $25.8M 54/100
UTStarcom Holdings Corp UTSI FY2025 $9.0M -$8.0M -88.5% $21.0M 44/100
B.O.S. Better On-Line Solutions Ltd. BOSC FY2025 $50.6M $3.6M 7.1% $29.9M 66/100
Comtech Telecommunications CMTL FY2026 $249.6M -$36.2M -14.5% $38.3M 17/100
ClearOne, Inc. CLRO FY2025 $0 N/A N/A $9.1M —

Frequently Asked Questions

FiEE, Inc (FIEE) reported $6.2M in total revenue for fiscal year 2025. This represents a 867.9% 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.

FiEE, Inc (FIEE) revenue grew by 867.9% year-over-year, from $640K to $6.2M in fiscal year 2025.

Yes, FiEE, Inc (FIEE) reported a net income of $1.1M in fiscal year 2025, with a net profit margin of 17.3%.

FiEE, Inc (FIEE) reported diluted earnings per share of $0.10 for fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

FiEE, Inc (FIEE) had EBITDA of $1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

FiEE, Inc (FIEE) had a gross margin of 86.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

FiEE, Inc (FIEE) had an operating margin of 25.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

FiEE, Inc (FIEE) had a net profit margin of 17.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

FiEE, Inc (FIEE) has a return on equity of 16.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

FiEE, Inc (FIEE) generated $3.5M in free cash flow during fiscal year 2025. 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.

FiEE, Inc (FIEE) generated $3.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

FiEE, Inc (FIEE) had $10.8M in total assets as of fiscal year 2025, including both current and long-term assets.

FiEE, Inc (FIEE) invested $186K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

FiEE, Inc (FIEE) invested $47K in research and development during fiscal year 2025.

FiEE, Inc (FIEE) had 8M shares outstanding as of fiscal year 2025.

FiEE, Inc (FIEE) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.

FiEE, Inc (FIEE) had a liabilities-to-equity ratio of 0.63 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

FiEE, Inc (FIEE) had a return on assets of 10.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

FiEE, Inc (FIEE) trades at 5.3x earnings, its market capitalization divided by $4.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $24.2M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

FiEE, Inc (FIEE) trades at 1.8x sales, its market capitalization divided by $13.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $24.2M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

FiEE, Inc (FIEE) has an Altman Z-Score of -7.63, 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.

FiEE, Inc (FIEE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

FiEE, Inc (FIEE) has an earnings quality ratio of 3.39x, considered cash-backed (high quality). 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.

FiEE, Inc (FIEE) has an interest coverage ratio of 173.18x, meaning it can comfortably 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.

FiEE, Inc (FIEE) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average 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.

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