Kubient Inc Financials
This page shows Kubient Inc (KBNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Kubient Inc has an operating margin of -593.0%, meaning the company retains $-593 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 -378.9% the prior year.
Kubient Inc's revenue declined 12.2% year-over-year, from $2.7M to $2.4M. This contraction results in a growth score of 0/100.
Kubient Inc carries a low D/E ratio of 0.19, meaning only $0.19 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 6.48, Kubient Inc holds $6.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Kubient Inc generated -$9.6M in operating cash flow, capex of $17K consumed most of it, leaving -$9.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Kubient Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Kubient Inc generates $0.70 in operating cash flow (-$9.6M OCF vs -$13.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kubient Inc earns $-1306.4 in operating income for every $1 of interest expense (-$14.3M vs $11K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Kubient Inc generated $2.4M in revenue in fiscal year 2022. This represents a decrease of 12.2% from the prior year.
Kubient Inc's EBITDA was -$13.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 40.3% from the prior year.
Kubient Inc generated -$9.6M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 24.7% from the prior year.
Kubient Inc reported -$13.6M in net income in fiscal year 2022. This represents a decrease of 32.3% from the prior year.
Kubient Inc earned $-0.95 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 26.7% from the prior year.
Kubient Inc held $14.7M in cash against $0 in long-term debt as of fiscal year 2022.
Kubient Inc had 14M shares outstanding in fiscal year 2022. This represents an increase of 1.4% from the prior year.
Kubient Inc's operating margin was -593.0% in fiscal year 2022, reflecting core business profitability. This is down 214.1 percentage points from the prior year.
Kubient Inc's net profit margin was -566.7% in fiscal year 2022, showing the share of revenue converted to profit. This is down 190.8 percentage points from the prior year.
Kubient Inc invested $17K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 58.0% from the prior year.
KBNT Income Statement
| Metric | Q1'23 | Q3'22 | Q2'22 | Q4'21 | Q1'21 | Q4'20 | Q3'20 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12K-89.1% | $108K-73.1% | $400K+52.3% | $263K-79.8% | $1.3M | N/A | $280K+206.3% | $92K |
| 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 | $1.2M+9.8% | $1.1M-25.0% | $1.5M-32.6% | $2.2M+78.3% | $1.3M | N/A | N/A | N/A |
| Operating Income | -$2.5M-48.1% | -$1.7M+71.3% | -$5.8M-30.4% | -$4.5M-145.7% | -$1.8M | N/A | -$1.4M-28.2% | -$1.1M |
| Interest Expense | $2K-2.5% | $3K-1.1% | $3K-17.5% | $3K+88.2% | $2K | N/A | $393K+32.4% | $297K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.5M-47.3% | -$1.7M+71.2% | -$5.8M-29.6% | -$4.5M-149.4% | -$1.8M | N/A | -$4.2M-176.7% | -$1.5M |
| EPS (Diluted) | $-0.17-41.7% | $-0.12+70.7% | $-0.41-24.2% | $-0.33-135.7% | $-0.14 | N/A | $-1.03 | N/A |
KBNT Balance Sheet
| Metric | Q1'23 | Q3'22 | Q2'22 | Q4'21 | Q1'21 | Q4'20 | Q3'20 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2M-31.4% | $17.9M-1.8% | $18.2M-42.6% | $31.7M-7.6% | $34.3M+25.4% | $27.4M+157.0% | $10.6M+320.5% | $2.5M |
| Current Assets | $12.2M-31.4% | $17.8M-1.8% | $18.2M-35.6% | $28.2M-15.0% | $33.2M+26.5% | $26.3M+183.3% | $9.3M+1332.6% | $647K |
| Cash & Equivalents | $11.8M-30.0% | $16.9M-4.4% | $17.7M-29.0% | $24.9M-23.4% | $32.5M+31.3% | $24.8M+196.5% | $8.4M+18423.4% | $45K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $98K-78.1% | $449K+72.9% | $260K-88.7% | $2.3M+398.0% | $460K-66.5% | $1.4M+72.3% | $797K+39.3% | $573K |
| Goodwill | $463K | N/A | N/A | $463K | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.8M-32.3% | $2.7M+78.8% | $1.5M-76.1% | $6.2M+241.7% | $1.8M-36.7% | $2.9M-5.7% | $3.1M-66.4% | $9.1M |
| Current Liabilities | $1.7M-33.3% | $2.6M+83.1% | $1.4M-74.6% | $5.5M+222.5% | $1.7M-36.2% | $2.7M-3.3% | $2.8M-36.4% | $4.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $10.4M-31.3% | $15.2M-9.0% | $16.7M-34.4% | $25.5M-21.6% | $32.5M+32.7% | $24.5M+222.5% | $7.6M+215.8% | -$6.6M |
| Retained Earnings | -$42.7M-13.2% | -$37.7M-4.6% | -$36.0M-35.5% | -$26.6M-47.0% | -$18.1M-11.0% | -$16.3M-15.3% | -$14.1M-41.8% | -$10.0M |
KBNT Cash Flow Statement
| Metric | Q1'23 | Q3'22 | Q2'22 | Q4'21 | Q1'21 | Q4'20 | Q3'20 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M-311.6% | -$687K+76.0% | -$2.9M+7.4% | -$3.1M-105.8% | -$1.5M+35.4% | -$2.3M-24.8% | -$1.9M-323.6% | -$441K |
| Capital Expenditures | $0 | $0-100.0% | $9K-40.1% | $15K+701.4% | $2K-82.4% | $11K+260.6% | $3K+141.7% | $1K |
| Free Cash Flow | -$2.1M-201.5% | -$687K+76.1% | -$2.9M+7.6% | -$3.1M-106.5% | -$1.5M+35.6% | -$2.3M-25.2% | -$1.9M-323.1% | -$442K |
| Investing Cash Flow | $0 | $0+100.0% | -$9K+98.2% | -$515K-681.0% | -$66K+85.5% | -$456K+9.3% | -$503K-40825.2% | -$1K |
| Financing Cash Flow | -$82K+17.0% | -$99K+33.7% | -$149K+34.1% | -$227K-102.4% | $9.3M-51.5% | $19.2M+79.8% | $10.7M+2191.4% | $466K |
| 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 |
KBNT Financial Ratios
| Metric | Q1'23 | Q3'22 | Q2'22 | Q4'21 | Q1'21 | Q4'20 | Q3'20 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -21159.9%-19599.0pp | -1560.9%-101.1pp | -1459.8%+245.3pp | -1705.2%-1564.9pp | -140.3% | N/A | -511.1%+710.0pp | -1221.0% |
| Net Margin | -20988.0%-19431.1pp | -1556.8%-105.6pp | -1451.2%+253.6pp | -1704.8%-1566.6pp | -138.2% | N/A | -1485.2%+159.3pp | -1644.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -20.1%-10.8pp | -9.4%+22.6pp | -31.9%-17.8pp | -14.1%-8.9pp | -5.2% | N/A | -39.1%+20.3pp | -59.5% |
| Current Ratio | 7.11+0.2 | 6.91-6.0 | 12.89+7.8 | 5.09-14.2 | 19.32+9.6 | 9.75+6.4 | 3.33+3.2 | 0.15 |
| Debt-to-Equity | 0.170.0 | 0.17+0.1 | 0.09-0.2 | 0.24+0.2 | 0.06-0.1 | 0.12-0.3 | 0.40+1.8 | -1.39 |
| FCF Margin | -318.7%+320.4pp | -639.2%+79.2pp | -718.3%+465.5pp | -1183.8%-1067.9pp | -115.9% | N/A | -667.0%-184.1pp | -483.0% |
Similar Companies
Frequently Asked Questions
What is Kubient Inc's annual revenue?
Kubient Inc (KBNT) reported $2.4M in total revenue for fiscal year 2022. This represents a -12.2% 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 Kubient Inc's revenue growing?
Kubient Inc (KBNT) revenue declined by 12.2% year-over-year, from $2.7M to $2.4M in fiscal year 2022.
Is Kubient Inc profitable?
No, Kubient Inc (KBNT) reported a net income of -$13.6M in fiscal year 2022, with a net profit margin of -566.7%.
What is Kubient Inc's earnings per share (EPS)?
Kubient Inc (KBNT) reported diluted earnings per share of $-0.95 for fiscal year 2022. This represents a -26.7% 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 Kubient Inc's EBITDA?
Kubient Inc (KBNT) had EBITDA of -$13.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kubient Inc's operating margin?
Kubient Inc (KBNT) had an operating margin of -593.0% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Kubient Inc's net profit margin?
Kubient Inc (KBNT) had a net profit margin of -566.7% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Kubient Inc's free cash flow?
Kubient Inc (KBNT) generated -$9.6M in free cash flow during fiscal year 2022. This represents a -24.7% 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 Kubient Inc's operating cash flow?
Kubient Inc (KBNT) generated -$9.6M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Kubient Inc's total assets?
Kubient Inc (KBNT) had $15.2M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Kubient Inc's capital expenditures?
Kubient Inc (KBNT) invested $17K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How many shares does Kubient Inc have outstanding?
Kubient Inc (KBNT) had 14M shares outstanding as of fiscal year 2022.
What is Kubient Inc's current ratio?
Kubient Inc (KBNT) had a current ratio of 6.48 as of fiscal year 2022, which is generally considered healthy.
What is Kubient Inc's debt-to-equity ratio?
Kubient Inc (KBNT) had a debt-to-equity ratio of 0.19 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kubient Inc's return on assets (ROA)?
Kubient Inc (KBNT) had a return on assets of -89.4% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Kubient Inc's cash runway?
Based on fiscal year 2022 data, Kubient Inc (KBNT) had $14.7M in cash against an annual operating cash burn of $9.6M. This gives an estimated cash runway of approximately 18 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 Kubient Inc's Piotroski F-Score?
Kubient Inc (KBNT) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kubient Inc's earnings high quality?
Kubient Inc (KBNT) has an earnings quality ratio of 0.70x, 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 Kubient Inc cover its interest payments?
Kubient Inc (KBNT) has an interest coverage ratio of -1306.4x, 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 Kubient Inc?
Kubient Inc (KBNT) scores 40 out of 100 on our Financial Profile, indicating moderate 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.