FiEE Inc Financials
This page shows FiEE Inc (FIEE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
FY2025 shows a recapitalized business where revenue mix appears far less inventory-heavy and each dollar now converts into cash.
From FY2023 to FY2025, gross margin moved from1.8% to86.4% , a step-change too large to read as routine efficiency. Because inventory shrank from$10.0M to zero over the same span, the cleaner explanation is revenue mix shifted away from inventory-heavy activity; FY2025 operating cash flow of$3.6M then showed that the new model produced real cash.
The balance-sheet repair was abrupt: equity moved from negative in FY2024 to
FY2025 cash generation was stronger than the income statement alone suggests: free cash flow reached
Financial Health Signals
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 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.
FiEE Inc scores -7.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($24.1M) relative to total liabilities ($4.2M). 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.
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 efficiency signals pass.
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.
FiEE Inc earns $173.2 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
Earnings & Revenue
FiEE Inc generated $6.2M in revenue in fiscal year 2025. This represents an increase of 867.9% from the prior year.
FiEE Inc's EBITDA was $1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
FiEE Inc reported $1.1M in net income in fiscal year 2025.
FiEE Inc earned $0.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 107.5% from the prior year.
Cash & Balance Sheet
FiEE Inc generated $3.5M in free cash flow in fiscal year 2025, representing cash available after capex.
FiEE Inc held $3.1M in cash against $0 in long-term debt as of fiscal year 2025.
FiEE Inc had 8M shares outstanding in fiscal year 2025. This represents an increase of 113.6% from the prior year.
Margins & Returns
FiEE Inc's gross margin was 86.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 54.0 percentage points from the prior year.
FiEE Inc's operating margin was 25.0% in fiscal year 2025, reflecting core business profitability.
FiEE Inc's net profit margin was 17.3% in fiscal year 2025, showing the share of revenue converted to profit.
FiEE Inc's ROE was 16.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
FiEE Inc invested $47K in research and development in fiscal year 2025. This represents a decrease of 58.1% from the prior year.
FiEE Inc invested $186K in capex in fiscal year 2025, funding long-term assets and infrastructure.
FIEE Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M-49.6% | $4.2M+117.0% | $1.9M+4210.8% | $45K+35894.4% | $125 | N/A | N/A | N/A |
| Cost of Revenue | $628K+24.7% | $504K+72.6% | $292K+564.1% | $44K+5757.3% | $750 | N/A | N/A | N/A |
| Gross Profit | $1.5M-59.7% | $3.7M+124.9% | $1.6M+154914.4% | $1K+270.1% | -$625 | N/A | N/A | N/A |
| R&D Expenses | $37K | N/A | N/A | $17K-41.9% | $30K | N/A | N/A | $41K |
| SG&A Expenses | $997K+47.2% | $677K-60.5% | $1.7M+184.2% | $604K+77.3% | $340K | N/A | $625K+10.3% | $567K |
| Operating Income | $426K-84.0% | $2.7M+2743.1% | -$101K+84.2% | -$637K-71.6% | -$371K | N/A | -$625K-28.0% | -$488K |
| Interest Expense | N/A | $280-91.4% | $3K+23.0% | $3K-5.4% | $3K | N/A | N/A | -$20 |
| Income Tax | $137K | N/A | $140K | N/A | $0 | N/A | N/A | -$554 |
| Net Income | $352K-85.0% | $2.3M+1024.6% | -$253K+60.5% | -$640K-71.1% | -$374K | N/A | -$625K-28.1% | -$488K |
| EPS (Diluted) | $0.02 | N/A | $-0.04+69.2% | $-0.13-30.0% | $-0.10 | N/A | $-0.21-31.2% | $-0.16 |
FIEE Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.8M+9.9% | $10.8M+26.6% | $8.5M+20.7% | $7.1M+1870.0% | $358K+16.6% | $307K-29.1% | $433K-54.6% | $953K |
| Current Assets | $6.2M-5.6% | $6.6M-1.7% | $6.7M+29.3% | $5.2M+4930.0% | $103K-37.3% | $165K-23.6% | $216K-67.0% | $655K |
| Cash & Equivalents | $4.6M+48.5% | $3.1M-47.8% | $5.9M+31.1% | $4.5M+49373.6% | $9K-69.8% | $30K-84.3% | $192K-69.6% | $631K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.4M-32.6% | $2.1M+1026.6% | $187K | N/A | N/A | $0 | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.9M-29.6% | $4.2M-9.1% | $4.6M+11.8% | $4.1M+377.8% | $862K+97.2% | $437K-55.9% | $992K-26.9% | $1.4M |
| Current Liabilities | $2.9M-29.6% | $4.2M-9.1% | $4.6M+11.8% | $4.1M+386.3% | $847K+93.7% | $437K-55.9% | $992K-26.9% | $1.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.9M+35.0% | $6.6M+68.7% | $3.9M+33.2% | $2.9M+682.1% | -$504K-287.6% | -$130K+76.7% | -$559K-38.1% | -$405K |
| Retained Earnings | -$95.3M+0.4% | -$95.6M+2.4% | -$98.0M-0.3% | -$97.7M-0.7% | -$97.1M-0.4% | -$96.7M+0.2% | -$96.8M-0.6% | -$96.2M |
FIEE Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $67K-94.2% | $1.2M-49.8% | $2.3M+324.8% | $543K+246.3% | -$371K-3451.3% | $11K+101.2% | -$905K-128.3% | -$396K |
| Capital Expenditures | $518K+187.8% | $180K+112.9% | -$1.4M | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$451K-146.2% | $978K+7.1% | $913K | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$518K+86.9% | -$4.0M | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $2.0M | $0 | $0-100.0% | $4.0M+1028.6% | $350K+289.9% | -$184K-139.6% | $465K | $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 |
FIEE Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.4%-17.6pp | 88.0%+3.1pp | 85.0%+82.6pp | 2.4%+502.4pp | -500.0% | N/A | N/A | N/A |
| Operating Margin | 20.1%-43.1pp | 63.2%+68.4pp | -5.2%+1410.4pp | -1415.6%+295481.2pp | -296896.8% | N/A | N/A | N/A |
| Net Margin | 16.6%-39.0pp | 55.6%+68.6pp | -13.0%+1408.7pp | -1421.7%+297706.3pp | -299128.0% | N/A | N/A | N/A |
| Return on Equity | 4.0%-31.6pp | 35.5%+42.0pp | -6.5%+15.3pp | -21.8% | N/A | N/A | N/A | N/A |
| Return on Assets | 3.0%-18.8pp | 21.7%+24.7pp | -3.0%+6.1pp | -9.1%+95.4pp | -104.5% | N/A | -144.3%-93.1pp | -51.2% |
| Current Ratio | 2.12+0.5 | 1.58+0.1 | 1.46+0.2 | 1.26+1.1 | 0.12-0.3 | 0.38+0.2 | 0.22-0.3 | 0.48 |
| Debt-to-Equity | 0.33-0.3 | 0.63-0.5 | 1.18-0.2 | 1.40 | N/A | N/A | N/A | N/A |
| FCF Margin | -21.3%-44.5pp | 23.2%-23.8pp | 47.1% | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is FiEE Inc's annual revenue?
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.
How fast is FiEE Inc's revenue growing?
FiEE Inc (FIEE) revenue grew by 867.9% year-over-year, from $640K to $6.2M in fiscal year 2025.
Is FiEE Inc profitable?
Yes, FiEE Inc (FIEE) reported a net income of $1.1M in fiscal year 2025, with a net profit margin of 17.3%.
What is FiEE Inc's EBITDA?
FiEE Inc (FIEE) had EBITDA of $1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is FiEE Inc's gross margin?
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.
What is FiEE Inc's operating margin?
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.
What is FiEE Inc's net profit margin?
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.
What is FiEE Inc's return on equity (ROE)?
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.
What is FiEE Inc's free cash flow?
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.
What is FiEE Inc's operating cash flow?
FiEE Inc (FIEE) generated $3.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FiEE Inc's total assets?
FiEE Inc (FIEE) had $10.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FiEE Inc's capital expenditures?
FiEE Inc (FIEE) invested $186K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does FiEE Inc spend on research and development?
FiEE Inc (FIEE) invested $47K in research and development during fiscal year 2025.
What is FiEE Inc's current ratio?
FiEE Inc (FIEE) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.
What is FiEE Inc's debt-to-equity ratio?
FiEE Inc (FIEE) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FiEE Inc's return on assets (ROA)?
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.
What is FiEE Inc's Altman Z-Score?
FiEE Inc (FIEE) has an Altman Z-Score of -7.64, 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 FiEE Inc's Piotroski F-Score?
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.
Are FiEE Inc's earnings high quality?
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.
Can FiEE Inc cover its interest payments?
FiEE Inc (FIEE) has an interest coverage ratio of 173.2x, 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.
How financially healthy is FiEE Inc?
FiEE Inc (FIEE) scores 45 out of 100 on our Financial Health Score, indicating moderate 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.