I On Digital Financials
This page shows I On Digital (IONI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Revenue expanded sharply in FY2025, but external funding still underwrites operations because cash burn stayed near $1.0M .
FY2025 cash use was still largely financed from outside: operating cash outflow was-$998K and financing inflow was$905K , so the sales rebound did not yet make the business self-funding. That matters because a 0.1x current ratio points to immediate liquidity strain even though total liabilities are only 0.3x equity, meaning the pressure is timing and funding access more than an overleveraged balance sheet.
The top line changed shape in FY2025: revenue rose 13.3x from the prior year, yet selling and administrative expense still ran at
Despite total assets of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of I On Digital'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.
I On Digital has an operating margin of -638.8%, meaning the company retains $-639 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 -3929.8% the prior year.
I On Digital's revenue surged 1227.2% year-over-year to $433K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
I On Digital carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
I On Digital's current ratio of 0.07 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
I On Digital generates a -20.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -12.1% the prior year.
I On Digital passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, I On Digital generates $0.35 in operating cash flow (-$998K OCF vs -$2.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
I On Digital generated $433K in revenue in fiscal year 2025. This represents an increase of 1227.2% from the prior year.
I On Digital reported -$2.9M in net income in fiscal year 2025. This represents a decrease of 51.0% from the prior year.
I On Digital earned $-0.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.6% from the prior year.
Cash & Balance Sheet
I On Digital held $158K in cash against $0 in long-term debt as of fiscal year 2025.
I On Digital had 34M shares outstanding in fiscal year 2025. This represents an increase of 9.6% from the prior year.
Margins & Returns
I On Digital's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 64.4 percentage points from the prior year.
I On Digital's operating margin was -638.8% in fiscal year 2025, reflecting core business profitability. This is up 3291.1 percentage points from the prior year.
I On Digital's net profit margin was -666.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5188.4 percentage points from the prior year.
I On Digital's ROE was -20.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.1 percentage points from the prior year.
Capital Allocation
IONI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27K | N/A | $356K | N/A | $0 | 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 | $356K | 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 | $196K | N/A | $350K+21.9% | $287K+63.8% | $175K | N/A | $201K+41.9% | $142K |
| Operating Income | -$391K | N/A | -$121K+71.4% | -$425K-21.8% | -$348K | N/A | -$344K-22.7% | -$280K |
| Interest Expense | $183K | N/A | N/A | N/A | N/A | N/A | $139K+1.1% | $137K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $4.1M | N/A | -$121K+71.4% | -$425K-21.8% | -$348K | N/A | -$475K-8.1% | -$440K |
| EPS (Diluted) | $0.04 | N/A | $0.00+100.0% | $-0.010.0% | $-0.01 | N/A | $-0.020.0% | $-0.02 |
IONI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.9M+25.2% | $18.3M+0.9% | $18.2M+0.1% | $18.1M-1.0% | $18.3M-0.6% | $18.4M-0.9% | $18.6M-0.2% | $18.6M |
| Current Assets | $432K+48.2% | $292K+161.7% | $111K+84.1% | $61K-70.7% | $206K-27.0% | $283K-8.4% | $309K+18.5% | $261K |
| Cash & Equivalents | $193K+22.0% | $158K+48.2% | $107K+113.1% | $50K-73.6% | $189K-29.9% | $270K+35.1% | $200K+27.9% | $156K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.5M+11.4% | $4.1M+24.2% | $3.3M+4.6% | $3.1M+8.5% | $2.9M+9.0% | $2.6M+24.9% | $2.1M+25.7% | $1.7M |
| Current Liabilities | $4.5M+11.4% | $4.1M+24.2% | $3.3M+4.6% | $3.1M+8.5% | $2.9M+9.0% | $2.6M+24.9% | $2.1M+25.7% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $18.4M+29.1% | $14.3M-4.2% | $14.9M-0.8% | $15.0M-2.8% | $15.4M-2.2% | $15.8M-4.3% | $16.5M-2.8% | $17.0M |
| Retained Earnings | -$4.1M+50.0% | -$8.3M-31.6% | -$6.3M-2.0% | -$6.2M-7.4% | -$5.8M-6.4% | -$5.4M-14.9% | -$4.7M-11.2% | -$4.2M |
IONI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$391K-23.7% | -$316K-695.4% | -$40K+88.8% | -$354K-23.3% | -$287K+7.0% | -$309K+9.0% | -$340K-16.7% | -$291K |
| 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 | -$13K | N/A | N/A | N/A | $26K | N/A | N/A |
| Financing Cash Flow | $426K+11.8% | $381K+272.2% | $102K-52.4% | $215K+4.0% | $207K-41.5% | $354K+22.4% | $289K-35.2% | $446K |
| 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 |
IONI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 100.0% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1448.7% | N/A | -34.1% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 15367.6% | N/A | -34.1% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 22.5% | N/A | -0.8%+2.0pp | -2.8%-0.6pp | -2.3% | N/A | -2.9%-0.3pp | -2.6% |
| Return on Assets | 18.1% | N/A | -0.7%+1.7pp | -2.3%-0.4pp | -1.9% | N/A | -2.6%-0.2pp | -2.4% |
| Current Ratio | 0.10+0.0 | 0.07+0.0 | 0.03+0.0 | 0.02-0.1 | 0.07-0.0 | 0.11-0.0 | 0.150.0 | 0.16 |
| Debt-to-Equity | 0.25-0.0 | 0.28+0.1 | 0.22+0.0 | 0.21+0.0 | 0.19+0.0 | 0.17+0.0 | 0.13+0.0 | 0.10 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is I On Digital's annual revenue?
I On Digital (IONI) reported $433K in total revenue for fiscal year 2025. This represents a 1227.2% 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 I On Digital's revenue growing?
I On Digital (IONI) revenue grew by 1227.2% year-over-year, from $33K to $433K in fiscal year 2025.
Is I On Digital profitable?
No, I On Digital (IONI) reported a net income of -$2.9M in fiscal year 2025, with a net profit margin of -666.0%.
What is I On Digital's gross margin?
I On Digital (IONI) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is I On Digital's operating margin?
I On Digital (IONI) had an operating margin of -638.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is I On Digital's net profit margin?
I On Digital (IONI) had a net profit margin of -666.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is I On Digital's return on equity (ROE)?
I On Digital (IONI) has a return on equity of -20.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is I On Digital's operating cash flow?
I On Digital (IONI) generated -$998K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are I On Digital's total assets?
I On Digital (IONI) had $18.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is I On Digital's current ratio?
I On Digital (IONI) had a current ratio of 0.07 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is I On Digital's debt-to-equity ratio?
I On Digital (IONI) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is I On Digital's return on assets (ROA)?
I On Digital (IONI) had a return on assets of -15.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is I On Digital's cash runway?
Based on fiscal year 2025 data, I On Digital (IONI) had $158K in cash against an annual operating cash burn of $998K. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is I On Digital's Piotroski F-Score?
I On Digital (IONI) has a Piotroski F-Score of 3 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 I On Digital's earnings high quality?
I On Digital (IONI) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). 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 I On Digital?
I On Digital (IONI) scores 33 out of 100 on our Financial Profile, indicating weak 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.