Kubient Inc Financials
Kubient Inc (KBNT) reported $2.4M in revenue for fiscal year 2022, down 12.2% from the prior fiscal year. This page shows its 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).
Operating losses are expanding faster than revenue, while near-zero capex makes cash consumption primarily an operating problem.
From FY2021 to FY2022, revenue fell12.2% while the operating loss widened from-$10.4M to-$14.3M ; the resulting margin deterioration points to cost absorption worsening as volume softened, not merely a temporary sales dip. Operating cash flow of-$9.6M was nearly identical to free cash flow of-$9.6M , showing that the cash gap was created by the operating model rather than heavy reinvestment.
The business consumed cash equal to roughly 4.0x FY2022 revenue, while selling, general and administrative expense rose to
The balance sheet became smaller but remained liquid on reported measures: total assets fell from
Financial Health Signals
Kubient Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Kubient Inc scores -5.61, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1K) relative to total liabilities ($2.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kubient Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Kubient Inc reported a net loss of $13.6M while operations used $9.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Kubient Inc reported an operating loss of $14.3M against $11K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
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 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.
Cash & Balance Sheet
Kubient Inc recorded an outflow of $9.6M in free cash flow in fiscal year 2022, representing a cash shortfall after capex. This represents a decrease of 24.7% from the prior year.
Kubient Inc held $14.7M in cash as of fiscal year 2022; long-term debt is not reported for that period.
Not reported for fiscal year 2022.
Margins & Returns
Kubient Inc's ROE was -106.4% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 65.9 percentage points from the prior year.
Not reported for fiscal year 2022.
Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
KBNT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12K-98.2% | $650K+504.6% | $108K-73.1% | $400K-67.9% | $1.2M+373.7% | $263K-61.2% | $677K+36.1% | $498K |
| SG&A Expenses | $1.2M-28.3% | $1.7M+53.1% | $1.1M-25.0% | $1.5M-30.9% | $2.2M-2.5% | $2.2M+47.8% | $1.5M+36.7% | $1.1M |
| Operating Income | -$2.5M+1.1% | -$2.5M-49.7% | -$1.7M+71.3% | -$5.8M-38.6% | -$4.2M+6.0% | -$4.5M-92.4% | -$2.3M-34.3% | -$1.7M |
| Interest Expense | $2K+22.7% | $2K-20.5% | $3K-1.1% | $3K-34.5% | $4K+25.9% | $3K+46.6% | $2K+33.1% | $2K |
| Net Income | -$2.5M+1.7% | -$2.5M-49.8% | -$1.7M+71.2% | -$5.8M-60.2% | -$3.6M+19.1% | -$4.5M-94.0% | -$2.3M-35.7% | -$1.7M |
| EPS (Diluted) | -$0.170.0% | -$0.17-41.7% | -$0.12+70.7% | -$0.41-64.0% | -$0.25+21.9% | -$0.32-100.0% | -$0.16-33.3% | -$0.12 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
KBNT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2M-19.6% | $15.2M-14.7% | $17.9M-1.8% | $18.2M-32.1% | $26.8M-15.5% | $31.7M-1.8% | $32.3M-4.4% | $33.7M |
| Current Assets | $12.2M-19.6% | $15.2M-14.7% | $17.8M-1.8% | $18.2M-22.6% | $23.5M-16.8% | $28.2M-5.1% | $29.7M-4.4% | $31.1M |
| Cash & Equivalents | $11.8M-19.8% | $14.7M-12.8% | $16.9M-4.4% | $17.7M-14.6% | $20.7M-16.9% | $24.9M-13.4% | $28.7M-5.6% | $30.5M |
| Accounts Receivable | $98K-27.7% | $136K-69.8% | $449K+72.9% | $260K-89.0% | $2.4M+2.7% | $2.3M+514.4% | $373K-24.6% | $495K |
| Goodwill | N/A | N/A | N/A | N/A | $463K0.0% | $463K | N/A | N/A |
| Total Liabilities | $1.8M-25.8% | $2.4M-8.7% | $2.7M+78.8% | $1.5M-67.3% | $4.5M-27.1% | $6.2M+146.6% | $2.5M+28.6% | $2.0M |
| Current Liabilities | $1.7M-26.7% | $2.3M-9.0% | $2.6M+83.1% | $1.4M-68.3% | $4.4M-19.8% | $5.5M+126.2% | $2.5M+29.8% | $1.9M |
| Total Equity | $10.4M-18.4% | $12.8M-15.8% | $15.2M-9.0% | $16.7M-24.9% | $22.2M-12.6% | $25.5M-14.4% | $29.7M-6.4% | $31.8M |
| Retained Earnings | -$42.7M-6.1% | -$40.2M-6.7% | -$37.7M-4.6% | -$36.0M-19.2% | -$30.2M-13.6% | -$26.6M-20.3% | -$22.1M-11.7% | -$19.8M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
KBNT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M-36.5% | -$2.1M-201.5% | -$687K+76.0% | -$2.9M+27.8% | -$4.0M-28.3% | -$3.1M-93.9% | -$1.6M-8.2% | -$1.5M |
| Capital Expenditures | N/A | $0 | $0-100.0% | $9K+20.1% | $8K-50.1% | $15K+6.6% | $14K+70.5% | $8K |
| Free Cash Flow | N/A | -$2.1M-201.5% | -$687K+76.1% | -$2.9M+27.8% | -$4.0M-27.9% | -$3.1M-93.1% | -$1.6M-8.6% | -$1.5M |
| Investing Cash Flow | N/A | $0 | $0+100.0% | -$9K-20.1% | -$8K+98.5% | -$515K-1453.8% | -$33K+96.9% | -$1.1M |
| Financing Cash Flow | -$82K+4.0% | -$86K+13.5% | -$99K+33.7% | -$149K+31.5% | -$218K+3.7% | -$227K-164.8% | -$86K-118.6% | $459K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
KBNT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -21159.9% | -386.5% | -1560.9% | -1459.8% | -338.5% | -1705.2% | -344.2% | -348.6% |
| Net Margin | -20988.0% | -385.8% | -1556.8% | -1451.2% | -291.3% | -1704.8% | -341.3% | -342.3% |
| Return on Equity | -23.6%-4.0pp | -19.6%-8.6pp | -11.0%+23.8pp | -34.8%-18.5pp | -16.3%+1.3pp | -17.6%-9.8pp | -7.8%-2.4pp | -5.4% |
| Return on Assets | -20.1%-3.7pp | -16.5%-7.1pp | -9.4%+22.6pp | -31.9%-18.4pp | -13.5%+0.6pp | -14.1%-7.0pp | -7.2%-2.1pp | -5.1% |
| Current Ratio | 7.11+0.6x | 6.48-0.4x | 6.91-6.0x | 12.89+7.6x | 5.28+0.2x | 5.09-7.0x | 12.13-4.3x | 16.48 |
| Debt-to-Equity | 0.170.0x | 0.190.0x | 0.17+0.1x | 0.09-0.1x | 0.200.0x | 0.24+0.2x | 0.090.0x | 0.06 |
| FCF Margin | N/A | -318.7% | -639.2% | -718.3% | -319.7% | -1183.8% | -238.0% | -298.3% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Kubient Inc Ranks
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.
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 return on equity (ROE)?
Kubient Inc (KBNT) has a return on equity of -106.4% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is Kubient Inc's free cash flow?
Kubient Inc (KBNT) recorded an outflow of $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) recorded an outflow of $9.6M in operating cash flow during fiscal year 2022, representing cash used by 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.
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.
How does Kubient Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2022, Kubient Inc (KBNT) held $14.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $9.6M over that year. Dividing the one by the other, the reported balance equals about 18 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Kubient Inc's Altman Z-Score?
Kubient Inc (KBNT) has an Altman Z-Score of -5.61, placing it in the Distress Zone (elevated bankruptcy 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.
What is Kubient Inc's Piotroski F-Score?
Kubient Inc (KBNT) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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.
Are Kubient Inc's earnings high quality?
Kubient Inc (KBNT) reported a net loss of $13.6M while operations used $9.6M of cash. With neither figure positive, 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.
Can Kubient Inc cover its interest payments?
Kubient Inc (KBNT) reported an operating loss of $14.3M against $11K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.