Aeye Inc Financials

LIDRW

Trailing 12 months to June 30, 2026

Revenue $450K +90.7% YoY

Net Income -$35.0M -1.4% YoY

EPS (Diluted) Not reported for the trailing 12 months

Free Cash Flow -$29.9M -11.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Aeye Inc (LIDRW) reported $450K in revenue over the twelve months to Jun 30, 2026, up 90.7% from the prior twelve months. This page shows its 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).

Rhea AI LIDRW FY2025 2026-08-26

AEye remains a development-stage business where external financing, not customer revenue, funds operating and investment needs.

In FY2025, operating cash flow was -$27.8M while financing cash flow was $91.7M, making financing rather than operations the reported cash source. The mismatch is structural: R&D spending reached $13.9M against revenue of only $233K, leaving product-development spending many times larger than the sales base.

The gap between accounting and cash results is relatively narrow in FY2025: net income was -$34.0M versus operating cash flow of -$27.8M, so the reported loss broadly translates into cash use rather than being mainly a noncash accounting effect.

The balance sheet was recapitalized by FY2025: debt-to-equity fell to 0.1x from 0.8x in FY2024, reducing reliance on debt. Meanwhile, current ratio rose to 10.5x from 2.2x, indicating greater current-asset coverage of near-term liabilities; that improvement accompanied financing inflows, not positive operating cash flow.

Financial Health Signals

Financial health score not available

Aeye 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.

Piotroski F-Score Partial

4/8

Aeye Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Aeye Inc reported a net loss of $34.0M while operations used $27.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$233K

YoY+15.3%

5Y CAGR-31.8%

Aeye Inc generated $233K in revenue in fiscal year 2025. This represents an increase of 15.3% from the prior year.

EBITDA

-$31.6M

YoY+11.5%

Aeye Inc's EBITDA was -$31.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.5% from the prior year.

Net Income

-$34.0M

YoY+4.2%

Aeye Inc reported -$34.0M in net income in fiscal year 2025. This represents an increase of 4.2% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$27.9M

YoY-2.9%

Aeye Inc recorded an outflow of $27.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 2.9% from the prior year.

Cash & Debt

$43.4M

YoY+322.3%

5Y CAGR+23.2%

Aeye Inc held $43.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

45M

Aeye Inc had 45M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

-41.8%

YoY+192.7pp

Aeye Inc's ROE was -41.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 192.7 percentage points from the prior year.

Gross Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Operating Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$13.9M

YoY-15.0%

5Y CAGR-4.0%

Aeye Inc invested $13.9M in research and development in fiscal year 2025. This represents a decrease of 15.0% from the prior year.

Capital Expenditures

$109K

YoY-77.6%

5Y CAGR-51.4%

Aeye Inc invested $109K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 77.6% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

LIDRW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LIDRW quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$450K	$233K+15.3%	$202K-86.2%	$1.5M-59.9%	$3.6M+21.3%	$3.0M+90.4%	$1.6M	N/A
Cost of Revenue	$914K	$554K-28.8%	$778K-94.9%	$15.3M+75.4%	$8.7M+140.1%	$3.6M+350.1%	$808K	N/A
Gross Profit	-$464K	-$321K+44.3%	-$576K+95.8%	-$13.9M-172.5%	-$5.1M-707.1%	-$630K-181.7%	$771K	N/A
R&D Expenses	$15.3M	$13.9M-15.0%	$16.4M-37.4%	$26.2M-30.5%	$37.6M+41.8%	$26.5M+55.0%	$17.1M	N/A
SG&A Expenses	$16.6M	$14.9M-18.5%	$18.3M-27.4%	$25.2M-31.4%	$36.8M+44.1%	$25.5M+177908.8%	$14K+14525.5%	$98
Operating Income	-$36.0M	-$31.7M+11.4%	-$35.8M+59.2%	-$87.8M+11.2%	-$98.8M-56.3%	-$63.2M-138.8%	-$26.5M-4832381.8%	-$548
Income Tax	N/A	$11K+650.0%	-$2K-103.5%	$57K-1.7%	$58K	$0	$0	N/A
Net Income	-$35.0M	-$34.0M+4.2%	-$35.5M+59.3%	-$87.1M+11.7%	-$98.7M-51.8%	-$65.0M-144.9%	-$26.6M-4844973.0%	-$548
EPS (Diluted)	—	N/A	N/A	-$14.95+20.6%	-$18.82	-$0.60-130.8%	-$0.26	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$202K+100.0%	$101K+4.1%	$97K+94.0%	$50K+127.3%	$22K-65.6%	$64K+39.1%	$46K-55.8%	$104K
Cost of Revenue	$363K+80.6%	$201K-18.6%	$247K+139.8%	$103K-4.6%	$108K+12.5%	$96K+95.9%	$49K-84.0%	$306K
Gross Profit	-$161K-61.0%	-$100K+33.3%	-$150K-183.0%	-$53K+38.4%	-$86K-168.8%	-$32K-966.7%	-$3K+98.5%	-$202K
R&D Expenses	$4.7M+26.0%	$3.8M+1.3%	$3.7M+21.4%	$3.1M-16.6%	$3.7M+5.2%	$3.5M-17.9%	$4.3M+12.9%	$3.8M
SG&A Expenses	$4.7M+12.6%	$4.2M+15.9%	$3.6M-11.7%	$4.1M-6.2%	$4.3M+50.2%	$2.9M-38.0%	$4.7M+22.8%	$3.8M
Operating Income	-$10.8M-19.1%	-$9.0M-7.5%	-$8.4M-7.4%	-$7.8M+10.1%	-$8.7M-28.0%	-$6.8M+24.4%	-$9.0M-14.6%	-$7.8M
Income Tax	$0-100.0%	$2K	N/A	N/A	$0-100.0%	$2K+150.0%	-$4K	$0
Net Income	-$10.0M-20.1%	-$8.3M-13.7%	-$7.3M+21.3%	-$9.3M-0.6%	-$9.3M-15.6%	-$8.0M+6.2%	-$8.5M+1.8%	-$8.7M

Not reported in any period shown, so not listed: Interest Expense, EPS (Diluted).

LIDRW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LIDRW quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$90.9M+235.2%	$27.1M-50.1%	$54.3M-59.3%	$133.3M-28.4%	$186.2M+619.2%	$25.9M+103440.0%	$25K
Current Assets	$89.6M+256.1%	$25.2M-36.7%	$39.8M-62.3%	$105.5M-40.5%	$177.4M+810.4%	$19.5M+77828.0%	$25K
Cash & Equivalents	$43.4M+322.3%	$10.3M-39.4%	$16.9M-11.2%	$19.1M+34.4%	$14.2M-7.1%	$15.3M+61000.0%	$25K
Inventory	$1.0M+476.7%	$176K-69.8%	$583K-87.2%	$4.6M+11.5%	$4.1M+53.9%	$2.7M	N/A
Accounts Receivable	$77K+600.0%	$11K-91.6%	$131K-78.8%	$617K-85.4%	$4.2M+2606.4%	$156K	N/A
Total Liabilities	$9.6M-20.4%	$12.0M-52.6%	$25.3M-35.8%	$39.4M+126.4%	$17.4M-60.6%	$44.1M+875.8%	-$5.7M
Current Liabilities	$8.6M-24.2%	$11.3M+12.8%	$10.0M-55.6%	$22.6M+66.3%	$13.6M-63.9%	$37.6M+1535016.4%	$2K
Long-Term Debt	N/A	N/A	N/A	$0	$0-100.0%	$2.9M	N/A
Total Equity	$81.3M+437.8%	$15.1M-47.9%	$29.0M-69.1%	$94.0M-44.3%	$168.8M+1026.0%	-$18.2M-419.1%	$5.7M
Retained Earnings	-$407.1M-9.1%	-$373.1M-10.5%	-$337.6M-34.8%	-$250.5M-65.0%	-$151.8M-74.9%	-$86.8M-3543550.5%	-$2K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$76.6M-6.7%	$82.1M-9.7%	$90.9M+3.8%	$87.5M+296.1%	$22.1M-23.2%	$28.8M+6.2%	$27.1M+2.9%	$26.4M
Current Assets	$74.3M-6.7%	$79.7M-11.1%	$89.6M+4.0%	$86.2M+322.3%	$20.4M-24.3%	$27.0M+7.1%	$25.2M+3.8%	$24.3M
Cash & Equivalents	$11.2M-75.2%	$45.2M+4.2%	$43.4M+0.7%	$43.0M+1712.8%	$2.4M-54.9%	$5.3M-48.7%	$10.3M+75.5%	$5.9M
Inventory	$1.0M+4.2%	$963K-5.1%	$1.0M+14.8%	$884K+281.0%	$232K+129.7%	$101K-42.6%	$176K-31.8%	$258K
Accounts Receivable	$216K+125.0%	$96K+24.7%	$77K+37.5%	$56K+107.4%	$27K+350.0%	$6K-45.5%	$11K-85.5%	$76K
Total Liabilities	$8.3M+5.4%	$7.8M-18.0%	$9.6M+2.1%	$9.4M-21.5%	$11.9M+1.0%	$11.8M-1.7%	$12.0M+4.7%	$11.5M
Current Liabilities	$6.9M+11.0%	$6.2M-27.9%	$8.6M+6.0%	$8.1M-23.6%	$10.6M-1.7%	$10.8M-4.8%	$11.3M+5.6%	$10.7M
Total Equity	$68.3M-8.0%	$74.2M-8.8%	$81.3M+4.0%	$78.2M+667.9%	$10.2M-40.1%	$17.0M+12.4%	$15.1M+1.5%	$14.9M
Retained Earnings	-$425.4M-2.4%	-$415.4M-2.1%	-$407.1M-1.8%	-$399.7M-2.4%	-$390.4M-2.4%	-$381.1M-2.1%	-$373.1M-2.3%	-$364.5M

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

LIDRW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LIDRW quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$29.5M	-$27.8M-4.3%	-$26.6M+47.5%	-$50.7M+29.2%	-$71.6M-28.6%	-$55.7M-182.9%	-$19.7M	N/A
Capital Expenditures	$414K	$109K-77.6%	$486K-75.1%	$2.0M-53.5%	$4.2M+311.4%	$1.0M-74.7%	$4.0M	N/A
Free Cash Flow	-$29.9M	-$27.9M-2.9%	-$27.1M+48.5%	-$52.7M+30.6%	-$75.8M-33.7%	-$56.7M-139.1%	-$23.7M	N/A
Investing Cash Flow	-$43.6M	-$30.8M-497.7%	$7.7M-86.0%	$55.4M-19.2%	$68.5M+145.2%	-$151.5M-3654.9%	-$4.0M	N/A
Financing Cash Flow	$81.9M	$91.7M+811.2%	$10.1M+248.9%	-$6.8M-183.8%	$8.1M-96.1%	$207.1M+546.8%	$32.0M+127972.0%	$25K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$7.3M+14.8%	-$8.6M-13.6%	-$7.5M-23.7%	-$6.1M+4.2%	-$6.4M+18.6%	-$7.8M-62.4%	-$4.8M+36.5%	-$7.6M
Capital Expenditures	$132K-29.4%	$187K+228.1%	$57K+50.0%	$38K+375.0%	$8K+33.3%	$6K-90.9%	$66K-64.5%	$186K
Free Cash Flow	-$7.4M+15.1%	-$8.7M-15.2%	-$7.6M-23.8%	-$6.1M+3.7%	-$6.4M+18.5%	-$7.8M-60.3%	-$4.9M+37.2%	-$7.8M
Investing Cash Flow	-$28.2M-363.6%	$10.7M+756.8%	-$1.6M+93.3%	-$24.5M-729.0%	$3.9M+145.4%	-$8.6M-286.3%	$4.6M+3032.0%	$147K
Financing Cash Flow	$1.6M+548.3%	-$352K-103.7%	$9.5M-86.7%	$71.2M+16665.3%	-$430K-103.8%	$11.4M+146.5%	$4.6M+5346.6%	-$88K

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

LIDRW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LIDRW quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	-137.8%	-285.2%	-946.4%	-139.4%	-20.9%-69.8pp	48.8%	N/A
Operating Margin	-13618.5%	-17736.6%	-5995.6%	-2709.3%	-2102.9%	-1677.1%	N/A
Net Margin	-14574.3%	-17554.5%	-5951.2%	-2706.7%	-2162.0%	-1681.5%	N/A
Return on Equity	-41.8%+192.7pp	-234.5%+65.7pp	-300.2%-195.1pp	-105.0%-66.5pp	-38.5%	N/A	0.0%
Return on Assets	-37.4%+93.4pp	-130.8%+29.6pp	-160.4%-86.4pp	-74.0%-39.1pp	-34.9%+67.7pp	-102.6%-100.4pp	-2.2%
Current Ratio	10.46+8.2x	2.23-1.7x	3.96-0.7x	4.68-8.4x	13.07+12.6x	0.52-9.7x	10.21
Debt-to-Equity	0.12-0.7x	0.79-0.1x	0.87+0.9x	0.000.0x	0.00	N/A	N/A
FCF Margin	-11968.2%	-13418.8%	-3598.1%	-2079.8%	-1886.4%	-1502.5%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-79.7%+19.3pp	-99.0%	-154.6%	-106.0%	-390.9%	-50.0%-43.5pp	-6.5%	-194.2%
Operating Margin	-5324.3%	-8939.6%	-8660.8%	-15650.0%	-39568.2%	-10625.0%	-19554.3%	-7544.2%
Net Margin	-4961.4%	-8262.4%	-7569.1%	-18660.0%	-42136.4%	-12525.0%	-18582.6%	-8371.1%
Return on Equity	-14.7%-3.4pp	-11.2%-2.2pp	-9.0%+2.9pp	-11.9%+79.1pp	-91.0%-43.9pp	-47.2%+9.4pp	-56.5%+1.9pp	-58.4%
Return on Assets	-13.1%-2.9pp	-10.2%-2.1pp	-8.1%+2.6pp	-10.7%+31.3pp	-41.9%-14.1pp	-27.8%+3.7pp	-31.5%+1.5pp	-33.0%
Current Ratio	10.83-2.1x	12.89+2.4x	10.46-0.2x	10.66+8.7x	1.93-0.6x	2.50+0.3x	2.230.0x	2.26
Debt-to-Equity	0.120.0x	0.110.0x	0.120.0x	0.12-1.1x	1.17+0.5x	0.69-0.1x	0.790.0x	0.77
FCF Margin	-3672.8%	-8655.5%	-7821.6%	-12254.0%	-28922.7%	-12201.6%	-10591.3%	-7460.6%

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: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Where Aeye Inc Ranks

Frequently Asked Questions

What is Aeye Inc's annual revenue?

Aeye Inc (LIDRW) reported $233K in total revenue for fiscal year 2025. This represents a 15.3% 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 Aeye Inc's revenue growing?

Aeye Inc (LIDRW) revenue grew by 15.3% year-over-year, from $202K to $233K in fiscal year 2025.

Is Aeye Inc profitable?

No, Aeye Inc (LIDRW) reported a net income of -$34.0M in fiscal year 2025.

What is Aeye Inc's EBITDA?

Aeye Inc (LIDRW) had EBITDA of -$31.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Aeye Inc's return on equity (ROE)?

Aeye Inc (LIDRW) has a return on equity of -41.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aeye Inc's free cash flow?

Aeye Inc (LIDRW) recorded an outflow of $27.9M in free cash flow during fiscal year 2025. This represents a -2.9% 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 Aeye Inc's operating cash flow?

Aeye Inc (LIDRW) recorded an outflow of $27.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Aeye Inc's total assets?

Aeye Inc (LIDRW) had $90.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Aeye Inc's capital expenditures?

Aeye Inc (LIDRW) invested $109K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Aeye Inc spend on research and development?

Aeye Inc (LIDRW) invested $13.9M in research and development during fiscal year 2025.

How many shares does Aeye Inc have outstanding?

Aeye Inc (LIDRW) had 45M shares outstanding as of fiscal year 2025.

What is Aeye Inc's current ratio?

Aeye Inc (LIDRW) had a current ratio of 10.46 as of fiscal year 2025, which is generally considered healthy.

What is Aeye Inc's debt-to-equity ratio?

Aeye Inc (LIDRW) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aeye Inc's return on assets (ROA)?

Aeye Inc (LIDRW) had a return on assets of -37.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aeye Inc's Piotroski F-Score?

Aeye Inc (LIDRW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 Aeye Inc's earnings high quality?

Aeye Inc (LIDRW) reported a net loss of $34.0M while operations used $27.8M 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.