Iveda Solutions Financials
This page shows Iveda Solutions (IVDA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Iveda Solutions has an operating margin of -67.6%, meaning the company retains $-68 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 down from -62.2% the prior year.
Iveda Solutions's revenue declined 7.3% year-over-year, from $6.5M to $6.0M. This contraction results in a growth score of 8/100.
Iveda Solutions carries a low D/E ratio of 0.15, meaning only $0.15 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.
With a current ratio of 2.19, Iveda Solutions holds $2.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
While Iveda Solutions generated -$4.4M in operating cash flow, capex of $3K consumed most of it, leaving -$4.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Iveda Solutions passes 2 of 9 financial strength tests. No 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, Iveda Solutions generates $1.11 in operating cash flow (-$4.4M OCF vs -$4.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Iveda Solutions earns $-155.5 in operating income for every $1 of interest expense (-$4.1M vs $26K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Iveda Solutions generated $6.0M in revenue in fiscal year 2024. This represents a decrease of 7.3% from the prior year.
Iveda Solutions's EBITDA was -$4.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.4% from the prior year.
Iveda Solutions generated -$4.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 29.3% from the prior year.
Iveda Solutions reported -$4.0M in net income in fiscal year 2024. This represents an increase of 3.9% from the prior year.
Iveda Solutions earned $-1.81 per diluted share (EPS) in fiscal year 2024. This represents an increase of 12.6% from the prior year.
Iveda Solutions held $2.6M in cash against $376K in long-term debt as of fiscal year 2024.
Iveda Solutions had 3M shares outstanding in fiscal year 2024. This represents an increase of 38.9% from the prior year.
Iveda Solutions's gross margin was 21.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the prior year.
Iveda Solutions's operating margin was -67.6% in fiscal year 2024, reflecting core business profitability. This is down 5.4 percentage points from the prior year.
Iveda Solutions's net profit margin was -66.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.
Iveda Solutions invested $363K in research and development in fiscal year 2024. This represents a decrease of 54.4% from the prior year.
Iveda Solutions invested $3K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 97.0% from the prior year.
IVDA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7M+8.1% | $1.5M+3.6% | $1.5M-15.3% | $1.7M+13.5% | $1.5M+342.4% | $347K-66.2% | $1.0M+17.6% | $873K |
| Cost of Revenue | $1.1M+4.7% | $1.1M-8.7% | $1.2M-22.6% | $1.5M+48.5% | $1.0M+526.4% | $165K-81.0% | $868K+18.7% | $731K |
| Gross Profit | $517K+16.3% | $445K+54.3% | $288K+38.5% | $208K-58.5% | $501K+175.6% | $182K+15.1% | $158K+11.6% | $142K |
| R&D Expenses | $26K-50.0% | $52K+56.1% | $33K+37.5% | $24K-78.5% | $112K-40.7% | $188K | N/A | N/A |
| SG&A Expenses | $706K-23.7% | $926K-15.1% | $1.1M-36.0% | $1.7M+70.9% | $998K-24.7% | $1.3M+17.9% | $1.1M+7.2% | $1.0M |
| Operating Income | -$214K+59.7% | -$532K+36.3% | -$836K+45.1% | -$1.5M-150.0% | -$608K+54.3% | -$1.3M+24.4% | -$1.8M-94.4% | -$907K |
| Interest Expense | $12K-4.5% | $12K+109.0% | $6K-46.5% | $11K+107.3% | $5K+21.9% | $4K+221.5% | $1K-43.9% | $2K |
| Income Tax | $665-97.8% | $30K | N/A | -$80-106.4% | $1K-96.0% | $31K+41893.3% | -$75+63.6% | -$206 |
| Net Income | -$221K+60.8% | -$564K+28.9% | -$794K+47.5% | -$1.5M-152.2% | -$599K+53.6% | -$1.3M+35.7% | -$2.0M-142.1% | -$829K |
| EPS (Diluted) | $-0.07+65.0% | $-0.20+28.6% | $-0.28+53.3% | $-0.60 | $-0.30+53.1% | $-0.64 | $-1.57 | $-0.41 |
IVDA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8M+31.6% | $4.4M-3.1% | $4.5M-12.6% | $5.2M-23.3% | $6.8M+2.3% | $6.6M+4.7% | $6.3M-21.4% | $8.0M |
| Current Assets | $5.5M+34.2% | $4.1M-3.0% | $4.2M-16.2% | $5.0M-5.7% | $5.3M+1.0% | $5.3M-10.7% | $5.9M-14.8% | $6.9M |
| Cash & Equivalents | $3.3M+107.2% | $1.6M-36.1% | $2.5M-5.3% | $2.6M-8.0% | $2.9M-26.7% | $3.9M-17.7% | $4.7M-14.9% | $5.6M |
| Inventory | $248K-10.0% | $275K+26.3% | $218K+46.9% | $148K-80.8% | $770K+57.0% | $490K+51.1% | $325K-33.5% | $488K |
| Accounts Receivable | $1.3M-3.1% | $1.4M+66.7% | $820K-35.8% | $1.3M+20.6% | $1.1M+419.5% | $204K-27.4% | $281K-36.0% | $439K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.0M-30.9% | $2.9M+2.9% | $2.8M+5.7% | $2.7M-32.1% | $3.9M+20.0% | $3.3M+124.9% | $1.5M+9.0% | $1.3M |
| Current Liabilities | $1.6M-34.4% | $2.4M+2.7% | $2.3M+1.8% | $2.3M+10.6% | $2.1M+40.7% | $1.5M-10.9% | $1.7M+23.9% | $1.3M |
| Long-Term Debt | $306K-16.1% | $365K+7.2% | $341K-9.4% | $376K-14.7% | $441K-8.1% | $480K | N/A | N/A |
| Total Equity | $3.8M+154.5% | $1.5M-13.0% | $1.7M-32.1% | $2.5M-11.0% | $2.8M-15.2% | $3.3M-42.8% | $5.8M-13.1% | $6.7M |
| Retained Earnings | -$54.8M-0.4% | -$54.5M-1.0% | -$54.0M-1.5% | -$53.2M-7.3% | -$49.5M-1.0% | -$49.0M+0.3% | -$49.2M-5.0% | -$46.8M |
IVDA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$317K+76.2% | -$1.3M-957.5% | -$126K+85.8% | -$890K+11.0% | -$1000K+22.7% | -$1.3M+7.0% | -$1.4M+49.1% | -$2.7M |
| Capital Expenditures | N/A | N/A | N/A | -$7-100.0% | $114K-39.3% | $188K+3213.5% | -$6K+98.3% | -$348K |
| Free Cash Flow | N/A | N/A | N/A | -$890K+20.1% | -$1.1M+24.8% | -$1.5M-6.1% | -$1.4M+54.7% | -$3.1M |
| Investing Cash Flow | N/A | -$1K-1301.8% | $109+1457.1% | $7-100.0% | $186K+198.6% | -$188K-150.6% | $372K+287.8% | -$198K |
| Financing Cash Flow | $2.1M+549.1% | $318K+37801.7% | $839+101.4% | -$59K-678.8% | -$8K-101.4% | $526K+414.0% | $102K+230.0% | -$79K |
| 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 |
IVDA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.3%+2.2pp | 29.1%+9.6pp | 19.6%+7.6pp | 11.9%-20.7pp | 32.7%-19.8pp | 52.4%+37.0pp | 15.4%-0.8pp | 16.2% |
| Operating Margin | -13.0%+21.9pp | -34.8%+21.8pp | -56.7%+30.7pp | -87.3%-47.7pp | -39.7%+344.4pp | -384.1%-212.3pp | -171.8%-67.9pp | -103.9% |
| Net Margin | -13.4%+23.5pp | -36.9%+16.9pp | -53.8%+32.9pp | -86.8%-47.7pp | -39.1%+332.8pp | -371.9%-176.4pp | -195.5%-100.5pp | -95.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.8%+9.0pp | -12.8%+4.7pp | -17.5%+11.6pp | -29.2%-20.3pp | -8.9%+10.7pp | -19.5%+12.3pp | -31.8%-21.5pp | -10.3% |
| Current Ratio | 3.48+1.8 | 1.70-0.1 | 1.80-0.4 | 2.19-0.4 | 2.56-1.0 | 3.570.0 | 3.56-1.6 | 5.18 |
| Debt-to-Equity | 0.08-0.2 | 0.25+0.0 | 0.20+0.1 | 0.150.0 | 0.16+0.0 | 0.14-0.1 | 0.25+0.1 | 0.20 |
| FCF Margin | N/A | N/A | N/A | -51.1%+21.5pp | -72.6%+354.7pp | -427.3%-291.2pp | -136.2%+216.9pp | -353.1% |
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Frequently Asked Questions
What is Iveda Solutions's annual revenue?
Iveda Solutions (IVDA) reported $6.0M in total revenue for fiscal year 2024. This represents a -7.3% 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 Iveda Solutions's revenue growing?
Iveda Solutions (IVDA) revenue declined by 7.3% year-over-year, from $6.5M to $6.0M in fiscal year 2024.
Is Iveda Solutions profitable?
No, Iveda Solutions (IVDA) reported a net income of -$4.0M in fiscal year 2024, with a net profit margin of -66.1%.
What is Iveda Solutions's earnings per share (EPS)?
Iveda Solutions (IVDA) reported diluted earnings per share of $-1.81 for fiscal year 2024. This represents a 12.6% 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 Iveda Solutions's EBITDA?
Iveda Solutions (IVDA) had EBITDA of -$4.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Iveda Solutions have?
As of fiscal year 2024, Iveda Solutions (IVDA) had $2.6M in cash and equivalents against $376K in long-term debt.
What is Iveda Solutions's gross margin?
Iveda Solutions (IVDA) had a gross margin of 21.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Iveda Solutions's operating margin?
Iveda Solutions (IVDA) had an operating margin of -67.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Iveda Solutions's net profit margin?
Iveda Solutions (IVDA) had a net profit margin of -66.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Iveda Solutions's free cash flow?
Iveda Solutions (IVDA) generated -$4.4M in free cash flow during fiscal year 2024. This represents a -29.3% 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.
What is Iveda Solutions's operating cash flow?
Iveda Solutions (IVDA) generated -$4.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Iveda Solutions's total assets?
Iveda Solutions (IVDA) had $5.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Iveda Solutions's capital expenditures?
Iveda Solutions (IVDA) invested $3K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Iveda Solutions spend on research and development?
Iveda Solutions (IVDA) invested $363K in research and development during fiscal year 2024.
How many shares does Iveda Solutions have outstanding?
Iveda Solutions (IVDA) had 3M shares outstanding as of fiscal year 2024.
What is Iveda Solutions's current ratio?
Iveda Solutions (IVDA) had a current ratio of 2.19 as of fiscal year 2024, which is generally considered healthy.
What is Iveda Solutions's debt-to-equity ratio?
Iveda Solutions (IVDA) had a debt-to-equity ratio of 0.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Iveda Solutions's return on assets (ROA)?
Iveda Solutions (IVDA) had a return on assets of -76.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Iveda Solutions's cash runway?
Based on fiscal year 2024 data, Iveda Solutions (IVDA) had $2.6M in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 7 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 Iveda Solutions's Piotroski F-Score?
Iveda Solutions (IVDA) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Iveda Solutions's earnings high quality?
Iveda Solutions (IVDA) has an earnings quality ratio of 1.11x, 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.
Can Iveda Solutions cover its interest payments?
Iveda Solutions (IVDA) has an interest coverage ratio of -155.5x, 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 Iveda Solutions?
Iveda Solutions (IVDA) scores 35 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.