Infobird Co Ltd Financials

IFBD

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 77/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Infobird Co Ltd has an operating margin of -120.6%, meaning the company retains $-121 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1127.3% the prior year.

Growth

100

Infobird Co Ltd's revenue surged 413.5% year-over-year to $1.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Infobird Co Ltd carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.63, Infobird Co Ltd holds $2.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.

Cash Flow

100

Infobird Co Ltd converts 172.7% of revenue into free cash flow ($2.5M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

4/9

Infobird Co Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-1.55x

For every $1 of reported earnings, Infobird Co Ltd generates $-1.55 in operating cash flow ($3.3M OCF vs -$2.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-3.2x

Infobird Co Ltd earns $-3.2 in operating income for every $1 of interest expense (-$1.7M vs $547K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Infobird Co Ltd (IFBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$1.4M

YoY+413.5%

5Y CAGR-39.8%

Infobird Co Ltd generated $1.4M in revenue in fiscal year 2024. This represents an increase of 413.5% from the prior year.

EBITDA

-$1.7M

Infobird Co Ltd's EBITDA was -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Free Cash Flow

$2.5M

5Y CAGR-16.8%

Infobird Co Ltd generated $2.5M in free cash flow in fiscal year 2024, representing cash available after capex.

Net Income

-$2.1M

YoY+26.8%

Infobird Co Ltd reported -$2.1M in net income in fiscal year 2024. This represents an increase of 26.8% from the prior year.

EPS (Diluted)

$-1.05

YoY+84.0%

Infobird Co Ltd earned $-1.05 per diluted share (EPS) in fiscal year 2024. This represents an increase of 84.0% from the prior year.

Cash & Debt

$4.7M

YoY+8813.4%

5Y CAGR+6.0%

Infobird Co Ltd held $4.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+306.3%

5Y CAGR-22.1%

Infobird Co Ltd had 5M shares outstanding in fiscal year 2024. This represents an increase of 306.3% from the prior year.

Gross Margin

41.2%

YoY-14.0pp

5Y CAGR-15.0pp

Infobird Co Ltd's gross margin was 41.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 14.0 percentage points from the prior year.

Operating Margin

-120.6%

YoY+1006.6pp

5Y CAGR-153.7pp

Infobird Co Ltd's operating margin was -120.6% in fiscal year 2024, reflecting core business profitability. This is up 1006.6 percentage points from the prior year.

Net Margin

-146.1%

YoY+878.2pp

5Y CAGR-172.7pp

Infobird Co Ltd's net profit margin was -146.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 878.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$15K

5Y CAGR-60.1%

Infobird Co Ltd invested $15K in research and development in fiscal year 2024.

Share Buybacks

N/A

Capital Expenditures

$769K

5Y CAGR+51.9%

Infobird Co Ltd invested $769K in capex in fiscal year 2024, funding long-term assets and infrastructure.

IFBD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.4M+413.5%	$280K-94.9%	$5.5M-42.9%	$9.6M-33.7%	$14.5M-20.4%	$18.2M
Cost of Revenue	$845K+574.7%	$125K-96.4%	$3.5M-52.2%	$7.4M+56.3%	$4.7M-40.9%	$8.0M
Gross Profit	$593K+283.0%	$155K-92.2%	$2.0M-12.7%	$2.3M-76.9%	$9.8M-4.3%	$10.3M
R&D Expenses	$15K	N/A	$3.3M+1.6%	$3.3M+72.3%	$1.9M+26.8%	$1.5M
SG&A Expenses	$1.9M-43.4%	$3.3M+269.0%	$897K+12.6%	$797K-53.4%	$1.7M+43.6%	$1.2M
Operating Income	-$1.7M+45.0%	-$3.2M-251.7%	-$897K-12.6%	-$797K-118.3%	$4.4M-27.7%	$6.0M
Interest Expense	$547K-25.8%	$737K-41.0%	$1.3M+293.8%	$317K+52.2%	$209K-49.3%	$411K
Income Tax	$21K	N/A	-$78K-162.6%	$124K-56.6%	$286K-57.5%	$673K
Net Income	-$2.1M+26.8%	-$2.9M+82.3%	-$16.2M-16.7%	-$13.9M-447.0%	$4.0M-17.5%	$4.8M
EPS (Diluted)	$-1.05+84.0%	$-6.55+99.7%	$-2122.77+10.4%	$-2369.30-225747.6%	$1.05	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

IFBD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$73.8M+28.0%	$57.7M+88.1%	$30.6M+7.6%	$28.5M+78.5%	$16.0M+43.2%	$11.1M
Current Assets	$10.0M+83.7%	$5.5M-80.0%	$27.4M+34.5%	$20.4M+179.6%	$7.3M+22.6%	$5.9M
Cash & Equivalents	$4.7M+8813.4%	$53K-94.9%	$1.0M-83.5%	$6.3M+274.0%	$1.7M-52.1%	$3.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.9M+2044.2%	$180K-55.3%	$402K-93.7%	$6.3M+53.9%	$4.1M+78.8%	$2.3M
Goodwill	$62.4M	N/A	$479K-76.2%	$2.0M	N/A	N/A
Total Liabilities	$7.0M+10973.8%	$63K-99.7%	$24.1M+92.0%	$12.6M+60.8%	$7.8M+3.7%	$7.5M
Current Liabilities	$3.8M+5954.3%	$63K-99.7%	$24.1M+96.6%	$12.3M+63.5%	$7.5M+2.2%	$7.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$64.8M+12.5%	$57.6M+775.6%	$6.6M-56.3%	$15.1M+90.8%	$7.9M+130.3%	$3.4M
Retained Earnings	-$26.7M-8.5%	-$24.6M+12.3%	-$28.1M-119.3%	-$12.8M-1280.3%	$1.1M+143.2%	-$2.5M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$72.4M-1.9%	$73.8M+17.8%	$62.6M+8.6%	$57.7M+74.3%	$33.1M+8.0%	$30.6M+64.1%	$18.7M-34.4%	$28.5M
Current Assets	$8.7M-12.9%	$10.0M-70.6%	$34.1M+524.1%	$5.5M-83.4%	$32.9M+20.2%	$27.4M+123.6%	$12.3M-39.9%	$20.4M
Cash & Equivalents	$5.2M+11.7%	$4.7M-23.8%	$6.2M+11597.2%	$53K-90.6%	$559K-46.2%	$1.0M-26.9%	$1.4M-77.4%	$6.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.4M-39.0%	$3.9M	N/A	$180K	N/A	$402K-86.1%	$2.9M-54.2%	$6.3M
Goodwill	$62.4M0.0%	$62.4M	N/A	N/A	N/A	$479K-75.0%	$1.9M-4.9%	$2.0M
Total Liabilities	$3.7M-47.4%	$7.0M+4666.3%	$146K+132.3%	$63K-99.8%	$26.5M+9.7%	$24.1M+125.4%	$10.7M-14.8%	$12.6M
Current Liabilities	$3.4M-10.0%	$3.8M+2505.9%	$146K+132.3%	$63K-99.7%	$24.3M+0.7%	$24.1M+127.7%	$10.6M-13.6%	$12.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$66.7M+3.0%	$64.8M+3.7%	$62.5M+8.5%	$57.6M+729.8%	$6.9M+5.5%	$6.6M-8.2%	$7.2M-52.4%	$15.1M
Retained Earnings	-$28.3M-6.0%	-$26.7M-5.1%	-$25.4M-3.3%	-$24.6M+24.6%	-$32.7M-16.3%	-$28.1M-36.6%	-$20.6M-60.6%	-$12.8M

IFBD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.3M+219.6%	-$2.7M+47.9%	-$5.2M+30.7%	-$7.5M-592.5%	$1.5M-75.8%	$6.3M
Capital Expenditures	$769K	N/A	$4K-96.2%	$110K+3.9%	$105K+10.8%	$95K
Free Cash Flow	$2.5M	N/A	-$5.2M+31.6%	-$7.6M-636.6%	$1.4M-77.1%	$6.2M
Investing Cash Flow	-$4.3M+91.0%	-$47.4M-798.8%	-$5.3M+49.1%	-$10.4M-219.6%	-$3.2M-59.2%	-$2.0M
Financing Cash Flow	$5.7M-88.5%	$49.6M+794.9%	$5.5M-75.2%	$22.3M+9671.0%	-$233K+93.2%	-$3.4M
Dividends Paid	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

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

IFBD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	41.2%-14.0pp	55.3%+19.3pp	35.9%+12.4pp	23.5%-44.0pp	67.5%+11.3pp	56.2%
Operating Margin	-120.6%+1006.6pp	-1127.3%-1111.0pp	-16.3%-8.0pp	-8.3%-38.3pp	30.0%-3.0pp	33.1%
Net Margin	-146.1%+878.2pp	-1024.3%-730.3pp	-294.0%-150.1pp	-143.9%-171.4pp	27.5%+1.0pp	26.6%
Return on Equity	N/A	N/A	N/A	N/A	50.7%-90.9pp	141.6%
Return on Assets	-2.9%+2.1pp	-5.0%+47.8pp	-52.8%-4.1pp	-48.7%-73.8pp	25.1%-18.5pp	43.5%
Current Ratio	2.63-84.2	86.79+85.7	1.14-0.5	1.66+0.7	0.97+0.2	0.81
Debt-to-Equity	0.11+0.1	0.00-3.7	3.67+2.8	0.84-0.2	0.99-1.2	2.20
FCF Margin	172.7%	N/A	-95.0%-15.6pp	-79.3%-89.1pp	9.8%-24.3pp	34.1%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.55-0.1	2.63-230.5	233.15+146.4	86.79+85.4	1.36+0.2	1.14-0.0	1.16-0.5	1.66
Debt-to-Equity	0.06-0.1	0.11+0.1	0.000.0	0.00-3.8	3.82+0.1	3.67+2.2	1.50+0.7	0.84
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Infobird Co Ltd's annual revenue?

Infobird Co Ltd (IFBD) reported $1.4M in total revenue for fiscal year 2024. This represents a 413.5% 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 Infobird Co Ltd's revenue growing?

Infobird Co Ltd (IFBD) revenue grew by 413.5% year-over-year, from $280K to $1.4M in fiscal year 2024.

Is Infobird Co Ltd profitable?

No, Infobird Co Ltd (IFBD) reported a net income of -$2.1M in fiscal year 2024, with a net profit margin of -146.1%.

What is Infobird Co Ltd's earnings per share (EPS)?

Infobird Co Ltd (IFBD) reported diluted earnings per share of $-1.05 for fiscal year 2024. This represents a 84.0% change compared to the previous fiscal year. 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.

What is Infobird Co Ltd's EBITDA?

Infobird Co Ltd (IFBD) had EBITDA of -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Infobird Co Ltd's gross margin?

Infobird Co Ltd (IFBD) had a gross margin of 41.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Infobird Co Ltd's operating margin?

Infobird Co Ltd (IFBD) had an operating margin of -120.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Infobird Co Ltd's net profit margin?

Infobird Co Ltd (IFBD) had a net profit margin of -146.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Infobird Co Ltd's free cash flow?

Infobird Co Ltd (IFBD) generated $2.5M in free cash flow during fiscal year 2024. 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 Infobird Co Ltd's operating cash flow?

Infobird Co Ltd (IFBD) generated $3.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Infobird Co Ltd's total assets?

Infobird Co Ltd (IFBD) had $73.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Infobird Co Ltd's capital expenditures?

Infobird Co Ltd (IFBD) invested $769K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Infobird Co Ltd spend on research and development?

Infobird Co Ltd (IFBD) invested $15K in research and development during fiscal year 2024.

How many shares does Infobird Co Ltd have outstanding?

Infobird Co Ltd (IFBD) had 5M shares outstanding as of fiscal year 2024.

What is Infobird Co Ltd's current ratio?

Infobird Co Ltd (IFBD) had a current ratio of 2.63 as of fiscal year 2024, which is generally considered healthy.

What is Infobird Co Ltd's debt-to-equity ratio?

Infobird Co Ltd (IFBD) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Infobird Co Ltd's return on assets (ROA)?

Infobird Co Ltd (IFBD) had a return on assets of -2.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Infobird Co Ltd's Piotroski F-Score?

Infobird Co Ltd (IFBD) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Infobird Co Ltd's earnings high quality?

Infobird Co Ltd (IFBD) has an earnings quality ratio of -1.55x, considered mixed 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 Infobird Co Ltd cover its interest payments?

Infobird Co Ltd (IFBD) has an interest coverage ratio of -3.2x, meaning it can struggle to 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 Infobird Co Ltd?

Infobird Co Ltd (IFBD) scores 77 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.