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MicroCloud Hologram Inc. (HOLO) Financials

HOLO
FY2025 annual
Revenue $56.5M +38.6% YoY
Net Income -$7.0M +22.1% YoY
EPS (Diluted) -$0.56 YoY not available
Free Cash Flow $7.9M +156.9% YoY
Market Cap $33.2M as of Oct 10, 2026
Price / Sales 0.6x on $56.5M revenue, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 0.1x on $382.8M equity, Q4 FY2025

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 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HOLO SEC filings page.

MicroCloud Hologram Inc. (HOLO) reported $56.5M in revenue for fiscal year 2025, up 38.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 HOLO FY2025

Cash generation has recovered, but the enlarged balance sheet is funded far more by capital than by liabilities.

From FY2024 to FY2025, operating cash flow swung from -$13.8M to $7.9M while net income remained negative, showing cash conversion improved before full accounting profitability returned. That gap points to noncash or working-capital effects driving reported cash performance.

FY2025 revenue recovered to $56.5M, but gross margin was only 21.3%, leaving limited room between sales and direct costs. Operating margin reached 0.6% as R&D spending fell sharply, indicating near break-even operations were helped more by lower development spending than by stronger gross economics.

At $395.3M of assets and $11.8M of liabilities, the balance-sheet expansion is not debt-led. A debt-to-equity ratio of 0.0x alongside $176.4M of financing cash flow indicates that recent scale was materially shaped by financing activity rather than accumulated profits.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&DIntensity Revenue Progress BurnTrend BalanceSheet 69 / 100
Financial Health Score 69/100
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 MicroCloud Hologram 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
86

MicroCloud Hologram Inc. held $390.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $7.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and MicroCloud Hologram Inc. scores 86/100 among other emerging companies.

Dilution
11

MicroCloud Hologram Inc. had 23M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and MicroCloud Hologram Inc. scores 11/100 among other emerging companies.

R&D Intensity
44

MicroCloud Hologram Inc. spent $8.0M on research and development in fiscal year 2025, which was 14.2% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and MicroCloud Hologram Inc. scores 44/100 among other emerging companies.

Revenue Progress
75

MicroCloud Hologram Inc. reported revenue of $56.5M in fiscal year 2025, against $40.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and MicroCloud Hologram Inc. scores 75/100 among other emerging companies.

Burn Trend
97

MicroCloud Hologram Inc.'s operations generated $7.9M of cash in fiscal year 2025, against $13.8M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and MicroCloud Hologram Inc. scores 97/100 among other emerging companies.

Balance Sheet
100

MicroCloud Hologram Inc.'s cash, cash equivalents and investments came to $390.2M at the end of fiscal year 2025, against $11.8M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and MicroCloud Hologram Inc. scores 100/100 among other emerging companies.

Altman Z-Score Grey Zone
2.87

MicroCloud Hologram Inc. scores 2.87, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($33.2M) relative to total liabilities ($11.8M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

MicroCloud Hologram Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

MicroCloud Hologram Inc. reported a net loss of $7.0M while generating $7.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$262.3M
YoY+121.4%
QoQ+17.6%

MicroCloud Hologram Inc. held $262.3M in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding
23M

MicroCloud Hologram Inc. had 23M shares outstanding in Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

HOLO 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.

HOLO quarterly income statement
MetricQ4'2510-KQ2'256-KQ4'2410-KQ2'2410-QQ4'2310-KQ2'2310-QQ1'2310-QQ4'2210-Q
RevenueN/AN/AN/AN/AN/AN/A$6.6M-72.8%N/A
Cost of RevenueN/AN/AN/AN/AN/AN/A$2.7M-79.9%N/A
Gross ProfitN/AN/AN/AN/AN/AN/A$3.9M-64.0%N/A
R&D ExpensesN/AN/AN/AN/AN/AN/A$4.1M-37.3%N/A
SG&A ExpensesN/AN/AN/AN/AN/AN/A$1.1M+62.0%N/A
Operating IncomeN/AN/AN/AN/AN/AN/A-$3.8M-216.2%N/A
EBITDAN/AN/AN/AN/AN/AN/A-$3.8MN/A
Income TaxN/AN/AN/AN/AN/AN/A-$28K+49.8%N/A
Net IncomeN/AN/AN/AN/AN/AN/A-$3.6M-206.1%N/A

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

HOLO 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.

HOLO quarterly balance sheet
MetricQ4'2510-KQ2'256-KQ4'2410-KQ2'2410-QQ4'2310-KQ2'2310-QQ1'2310-QQ4'2210-Q
Total Assets$395.3M+76.0%$412.0M+276.6%$224.7M+891.0%$109.4M+212.4%$22.7M-44.6%$35.0M-40.0%$37.1M-36.2%$40.9M+46.9%
Current Assets$395.0M+76.2%$411.5M+278.5%$224.1M+943.4%$108.7M+267.5%$21.5M-38.1%$29.6M+17717249.1%$31.1M+41746.7%$34.7M+67.4%
Cash & Equivalents$262.3M+121.4%$223.0M+152.2%$118.5M+565.6%$88.4M+368.8%$17.8M-18.8%$18.9M$20.3M+69833.3%$21.9M+190.8%
Short-Term Investments$127.9M+26.7%$183.8M+1094.4%$100.9M$15.4M$0$0$0$0
Inventory$17K-84.3%$83K-52.9%$107K-45.1%$175K-31.7%$194K-23.9%$257K$275K$255K-15.7%
Accounts Receivable$3.2M-3.5%$3.7M+13.8%$3.3M+135.0%$3.2M-64.4%$1.4M-88.1%$9.1M$9.6M$11.7M+8.8%
Long-Term Investments$0$0$0$0$0$0$0$0
GoodwillN/AN/AN/AN/AN/A$2.9M$3.1M$3.1M-7.6%
Total Liabilities$11.8M+165.3%$11.4M+38.0%$4.4M+62.4%$8.2M-27.4%$2.7M-77.9%$11.4M-81.4%$12.0M-80.2%$12.4M+20.9%
Current Liabilities$11.8M+174.2%$11.3M+41.2%$4.3M+76.5%$8.0M-27.1%$2.4M-79.3%$11.0M+1635.6%$11.5M+2817.7%$11.8M+18.7%
Non-Current Liabilities$0-100.0%$36K-83.2%$144K-51.8%$212K-38.0%$299K-49.7%$342K-99.4%$518K-99.1%$595K+91.0%
Total Equity$382.8M+73.7%$400.7M+295.7%$220.3M+1005.9%$101.3M+327.9%$19.9M-30.1%$23.7M+948.2%$25.1M+1126.3%$28.5M+61.7%
Retained Earnings-$37.4M-26.7%$3.6M+109.6%-$29.5M-42.7%-$37.7M-184.0%-$20.7M-126.6%-$13.3M-368.2%-$12.6M-414.2%-$9.1M-178.7%

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

HOLO 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.

HOLO quarterly cash flow statement
MetricQ4'2510-KQ2'256-KQ4'2410-KQ2'2410-QQ4'2310-KQ2'2310-QQ1'2310-QQ4'2210-Q
Operating Cash FlowN/AN/AN/AN/AN/A-$891K-67.3%-$1.5M-638.5%-$24.9M-247.6%
Depreciation & AmortizationN/AN/AN/AN/AN/AN/A$27KN/A
Capital ExpendituresN/AN/AN/AN/AN/A$19K-93.1%$31K+4315.0%$16K
Free Cash FlowN/AN/AN/AN/AN/A-$910K-13.4%-$1.5M-651.4%-$24.9M
Investing Cash FlowN/AN/AN/AN/AN/A-$18K-101.8%-$119K+88.7%-$428K-101.0%
Financing Cash FlowN/AN/AN/AN/AN/A$5K-95.9%-$102K-173.5%$279K+100.5%

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

HOLO 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.

HOLO quarterly financial ratios
MetricQ4'2510-KQ2'256-KQ4'2410-KQ2'2410-QQ4'2310-KQ2'2310-QQ1'2310-QQ4'2210-Q
Gross MarginN/AN/AN/AN/AN/AN/A59.1%+14.5ppN/A
Operating MarginN/AN/AN/AN/AN/AN/A-57.8%-71.4ppN/A
Net MarginN/AN/AN/AN/AN/AN/A-54.9%-69.0ppN/A
Return on EquityN/AN/AN/AN/AN/AN/A-14.4%N/A
Return on AssetsN/AN/AN/AN/AN/AN/A-9.7%-15.6ppN/A
Current Ratio33.54-18.6x36.26+22.7x52.19+43.4x13.53+10.8x8.83+5.9x2.69+2.7x2.70+2.5x2.95+0.9x
Debt-to-Equity0.030.0x0.03-0.1x0.02-0.1x0.08-0.4x0.14-0.3x0.480.480.43-0.1x
Asset TurnoverN/AN/AN/AN/AN/AN/A0.18-0.2xN/A
FCF MarginN/AN/AN/AN/AN/AN/A-22.7%-23.8ppN/A

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
MicroCloud Hologram Inc. HOLO FY2025 $56.5M -$7.0M -12.4% $33.2M 69/100
Neonode Inc. NEON FY2025 $2.1M N/A N/A $14.1M 42/100
Interlink Electronics, Inc. LINK FY2025 $11.9M -$1.6M -13.6% $78.0M 51/100
Eltek Ltd ELTK FY2025 $51.8M $826K 1.6% $51.6M 55/100
Deswell Industries Inc DSWL FY2026 $61.3M $10.6M 17.3% $48.1M 60/100

Frequently Asked Questions

What is MicroCloud Hologram Inc.'s annual revenue?

MicroCloud Hologram Inc. (HOLO) reported $56.5M in total revenue for fiscal year 2025. This represents a 38.6% 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 MicroCloud Hologram Inc.'s revenue growing?

MicroCloud Hologram Inc. (HOLO) revenue grew by 38.6% year-over-year, from $40.8M to $56.5M in fiscal year 2025.

Is MicroCloud Hologram Inc. profitable?

No, MicroCloud Hologram Inc. (HOLO) reported a net income of -$7.0M in fiscal year 2025, with a net profit margin of -12.4%.

MicroCloud Hologram Inc. (HOLO) reported diluted earnings per share of -$0.56 for fiscal year 2025. 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.

MicroCloud Hologram Inc. (HOLO) had EBITDA of $394K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

MicroCloud Hologram Inc. (HOLO) had a gross margin of 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

MicroCloud Hologram Inc. (HOLO) had an operating margin of 0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

MicroCloud Hologram Inc. (HOLO) had a net profit margin of -12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

MicroCloud Hologram Inc. (HOLO) has a return on equity of -1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

MicroCloud Hologram Inc. (HOLO) generated $7.9M in free cash flow during fiscal year 2025. This represents a 156.9% 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.

MicroCloud Hologram Inc. (HOLO) generated $7.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

MicroCloud Hologram Inc. (HOLO) had $395.3M in total assets as of fiscal year 2025, including both current and long-term assets.

MicroCloud Hologram Inc. (HOLO) invested $14K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

MicroCloud Hologram Inc. (HOLO) invested $8.0M in research and development during fiscal year 2025.

MicroCloud Hologram Inc. (HOLO) had 23M shares outstanding as of fiscal year 2025.

MicroCloud Hologram Inc. (HOLO) had a current ratio of 33.54 as of fiscal year 2025, which is generally considered healthy.

MicroCloud Hologram Inc. (HOLO) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

MicroCloud Hologram Inc. (HOLO) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

MicroCloud Hologram Inc. (HOLO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $33.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MicroCloud Hologram Inc. (HOLO) trades at 0.6x sales, its market capitalization divided by revenue of $56.5M revenue, FY2025. The market capitalization is $33.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MicroCloud Hologram Inc. (HOLO) has an Altman Z-Score of 2.87, placing it in the Grey Zone (moderate 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.

MicroCloud Hologram Inc. (HOLO) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.

MicroCloud Hologram Inc. (HOLO) reported a net loss of $7.0M while generating $7.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.

MicroCloud Hologram Inc. (HOLO) scores 69 out of 100 on our Financial Health Score, indicating strong 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.

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