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Limitless X Financials

LIMX
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Limitless X (LIMX) financial statements, including the 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 LIMX FY2025

FY2025 shows a high-margin but underscaled operation constrained more by balance-sheet strain than by product economics.

Even with gross margin at 75.3% in FY2025, the business did not have enough scale to carry overhead and financing costs: SG&A plus interest were about $2.5M against only $947K of revenue. That operating mismatch sat alongside a 0.04x current ratio and just $7K of cash, so the immediate constraint appears to be funding structure rather than product-level margin.

The balance sheet improved in absolute size from FY2024 to FY2025, with total liabilities falling from $14.9M to $6.2M, but negative equity still remained at roughly -$6.0M. Current assets of only $172K against $4.5M of current liabilities show that short-term obligations still dominate the company’s financial posture.

Funding still looks external-capital dependent: FY2025 brought $1.6M of financing inflow, yet year-end cash was only $7K, and shares outstanding rose from 7.5M to 16.9M in one year. That combination suggests new capital is being consumed to sustain operations rather than building liquidity on the balance sheet.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Limitless X's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue
$947K
5Y CAGR+114.2%

Limitless X generated $947K in revenue in fiscal year 2025.

EBITDA
N/A
Net Income
N/A
EPS (Diluted)
$-1.23
YoY-48.2%

Limitless X earned $-1.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 48.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$7K
YoY-86.6%
5Y CAGR-36.4%

Limitless X held $7K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
17M
YoY+125.7%
5Y CAGR+9.5%

Limitless X had 17M shares outstanding in fiscal year 2025. This represents an increase of 125.7% from the prior year.

Margins & Returns

Gross Margin
75.3%
5Y CAGR+350.4pp

Limitless X's gross margin was 75.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

LIMX Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $78K-46.2% $144K-41.8% $248K-18.1% $303K+20.1% $252K N/A $607K-56.8% $1.4M
Cost of Revenue $2K+106.3% -$30K-150.6% $60K-31.2% $87K-25.9% $117K N/A $154K-62.7% $413K
Gross Profit $76K-56.6% $174K-7.3% $188K-12.8% $216K+60.1% $135K N/A $453K-54.4% $993K
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $382K+5.6% $361K-48.5% $702K+115.6% $325K+90.4% $171K N/A $55K-84.3% $348K
Operating Income -$1.2M N/A N/A -$777K N/A N/A -$502K+3.7% -$521K
Interest Expense $120K-64.6% $338K+150.4% $135K+636.9% $18K-96.0% $463K N/A $194K+47.8% $131K
Income Tax N/A N/A N/A N/A N/A N/A N/A $915
Net Income N/A N/A N/A -$4.6M N/A N/A -$727K-11.1% -$654K
EPS (Diluted) $-1.61 N/A $0.47+246.9% $-0.32+88.1% $-2.68 N/A $-0.17-6.3% $-0.16

LIMX Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $2.0M+964.1% $184K-0.2% $184K-85.3% $1.3M+521.2% $202K+67.1% $121K+4.3% $116K-71.0% $399K
Current Assets $745K+333.2% $172K-0.2% $172K-86.1% $1.2M+553.9% $190K+74.9% $109K+39.8% $78K-78.9% $368K
Cash & Equivalents $184K+2464.4% $7K-86.1% $52K-39.4% $85K+115.7% $39K-26.3% $54K+120.4% $24K+327.8% $6K
Inventory $143K+1.6% $141K+59.6% $88K-6.3% $94K+9.9% $85K+364.2% $18K-35.2% $28K-13.5% $33K
Accounts Receivable N/A N/A N/A $106 N/A $25K0.0% $25K-91.4% $290K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $8.9M+43.6% $6.2M+26.3% $4.9M-87.7% $40.1M+2.8% $39.0M+161.1% $14.9M+6.8% $14.0M-56.3% $32.0M
Current Liabilities $6.4M+42.8% $4.5M+40.7% $3.2M-40.2% $5.3M+26.1% $4.2M-68.1% $13.2M+7.8% $12.2M-18.4% $15.0M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$7.0M-15.5% -$6.0M-27.3% -$4.7M+87.8% -$38.8M-0.1% -$38.8M-161.9% -$14.8M-6.9% -$13.9M+56.1% -$31.6M
Retained Earnings -$113.8M-34.0% -$85.0M-4.7% -$81.1M-3.9% -$78.1M-6.3% -$73.5M-89.1% -$38.8M-4.7% -$37.1M-33.1% -$27.9M

LIMX Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$661K-44.3% -$458K-104.4% -$224K-35.9% -$165K+78.3% -$760K-582.5% $157K+236.6% -$115K-116.5% $700K
Capital Expenditures $89K N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow -$750K N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$489K N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow $1.3M+220.8% $414K+151.1% -$809K-166.9% $1.2M+62.4% $746K+681.6% -$128K-195.7% $134K+203.2% $44K
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

LIMX Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 97.6%-23.4pp 121.0%+45.1pp 75.9%+4.6pp 71.3%+17.8pp 53.5% N/A 74.6%+4.0pp 70.6%
Operating Margin -1486.9% N/A N/A -256.9% N/A N/A -82.7%-45.6pp -37.1%
Net Margin N/A N/A N/A -1521.4% N/A N/A -119.7%-73.2pp -46.5%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A -367.0% N/A N/A -627.4%-463.6pp -163.8%
Current Ratio 0.12+0.1 0.04-0.0 0.05-0.2 0.23+0.2 0.05+0.0 0.010.0 0.01-0.0 0.02
Debt-to-Equity -1.28-0.3 -1.030.0 -1.040.0 -1.03-0.0 -1.010.0 -1.010.0 -1.010.0 -1.01
FCF Margin -966.8% N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$6.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Limitless X (LIMX) reported $947K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Limitless X (LIMX) reported diluted earnings per share of $-1.23 for fiscal year 2025. This represents a -48.2% 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.

Limitless X (LIMX) had a gross margin of 75.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Limitless X (LIMX) generated -$1.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Limitless X (LIMX) had $184K in total assets as of fiscal year 2025, including both current and long-term assets.

Limitless X (LIMX) had 17M shares outstanding as of fiscal year 2025.

Limitless X (LIMX) had a current ratio of 0.04 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Limitless X (LIMX) had a debt-to-equity ratio of -1.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Based on fiscal year 2025 data, Limitless X (LIMX) had $7K in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 0 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.

Limitless X (LIMX) has negative shareholder equity of -$6.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

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