Movano Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Movano Inc has an operating margin of -2391.1%, meaning the company retains $-2391 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.
Movano Inc carries a low D/E ratio of 0.54, meaning only $0.54 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.02, Movano Inc holds $3.02 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Movano Inc generated -$22.5M in operating cash flow, capex of $8K consumed most of it, leaving -$22.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Movano Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Movano Inc generates $0.95 in operating cash flow (-$22.5M OCF vs -$23.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Movano Inc (MOVE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Key Financial Metrics
Movano Inc generated $1.0M in revenue in fiscal year 2024.
Movano Inc's EBITDA was -$24.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.5% from the prior year.
Movano Inc generated -$22.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 14.1% from the prior year.
Movano Inc reported -$23.7M in net income in fiscal year 2024. This represents an increase of 19.0% from the prior year.
Movano Inc earned $-3.94 per diluted share (EPS) in fiscal year 2024. This represents an increase of 58.6% from the prior year.
Movano Inc held $7.9M in cash against $0 in long-term debt as of fiscal year 2024.
Movano Inc had 684,029 shares outstanding in fiscal year 2024. This represents a decrease of 81.6% from the prior year.
Movano Inc's gross margin was -196.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
Movano Inc's operating margin was -2391.1% in fiscal year 2024, reflecting core business profitability.
Movano Inc's net profit margin was -2342.3% in fiscal year 2024, showing the share of revenue converted to profit.
Movano Inc invested $11.2M in research and development in fiscal year 2024. This represents a decrease of 33.7% from the prior year.
Movano Inc invested $8K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 87.5% from the prior year.
MOVE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80K-22.3% | $103K-50.0% | $206K+134.1% | $88K+282.6% | $23K-97.3% | $852K | N/A | N/A |
| Cost of Revenue | $280K-22.7% | $362K-43.6% | $642K+13.2% | $567K+49.2% | $380K-68.7% | $1.2M | N/A | N/A |
| Gross Profit | -$200K+22.8% | -$259K+40.6% | -$436K+9.0% | -$479K-34.2% | -$357K+1.7% | -$363K | N/A | N/A |
| R&D Expenses | $1.2M-16.8% | $1.4M-41.2% | $2.4M+19.3% | $2.0M-31.3% | $2.9M+0.7% | $2.9M | N/A | $5.6M |
| SG&A Expenses | $1.2M-23.4% | $1.6M-33.9% | $2.4M+8.0% | $2.2M-28.0% | $3.1M+24.2% | $2.5M | N/A | $3.4M |
| Operating Income | -$2.6M+20.5% | -$3.3M+37.8% | -$5.2M-11.6% | -$4.7M+26.7% | -$6.4M-11.2% | -$5.8M | N/A | -$9.1M |
| Interest Expense | $1.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Net Income | -$4.0M-24.9% | -$3.2M+37.7% | -$5.2M-12.2% | -$4.6M+25.4% | -$6.2M-8.2% | -$5.7M | N/A | -$9.0M |
| EPS (Diluted) | $-4.73-1053.7% | $-0.41+43.8% | $-0.73 | $9.08+1076.3% | $-0.93+39.2% | $-1.53 | N/A | $-2.65 |
MOVE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6M-1.8% | $5.7M-27.1% | $7.8M-31.4% | $11.3M-45.6% | $20.8M+305.6% | $5.1M-45.5% | $9.4M-11.1% | $10.6M |
| Current Assets | $4.9M-0.5% | $4.9M-29.3% | $6.9M-33.4% | $10.4M-47.2% | $19.7M+342.9% | $4.4M-47.8% | $8.5M-7.1% | $9.2M |
| Cash & Equivalents | $2.0M-5.2% | $2.1M-51.6% | $4.4M-44.9% | $7.9M-53.2% | $16.9M+686.4% | $2.1M-64.9% | $6.1M-20.2% | $7.7M |
| Inventory | $2.5M-0.2% | $2.5M+9.8% | $2.3M+10.4% | $2.0M+14.3% | $1.8M+68.2% | $1.1M-4.5% | $1.1M | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.3M+80.4% | $4.0M-11.2% | $4.5M+14.3% | $4.0M-2.1% | $4.0M-38.8% | $6.6M+10.7% | $6.0M+5.7% | $5.6M |
| Current Liabilities | $6.9M+91.0% | $3.6M-11.0% | $4.1M+18.2% | $3.4M+0.7% | $3.4M-47.9% | $6.6M+11.4% | $5.9M+6.6% | $5.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.7M-203.9% | $1.6M-49.4% | $3.2M-56.0% | $7.4M-56.2% | $16.8M+1235.2% | -$1.5M-142.9% | $3.4M-30.2% | $4.9M |
| Retained Earnings | -$160.5M-2.6% | -$156.5M-2.1% | -$153.3M-3.5% | -$148.1M-8.7% | -$136.3M-4.8% | -$130.1M-4.6% | -$124.4M-5.0% | -$118.4M |
MOVE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M+48.0% | -$3.1M+28.1% | -$4.3M+5.5% | -$4.6M+44.3% | -$8.2M-97.8% | -$4.1M+21.3% | -$5.2M+24.6% | -$7.0M |
| Capital Expenditures | N/A | N/A | N/A | $5K | $0-100.0% | $6K-53.8% | $13K+8.3% | $12K |
| Free Cash Flow | N/A | N/A | N/A | -$4.6M+44.2% | -$8.2M-97.5% | -$4.1M+21.4% | -$5.3M+24.6% | -$7.0M |
| Investing Cash Flow | N/A | N/A | N/A | -$5K | $0+100.0% | -$6K+53.8% | -$13K-8.3% | -$12K |
| Financing Cash Flow | $1.5M+76.9% | $848K+11.9% | $758K-36.3% | $1.2M-94.8% | $22.9M+13860.4% | $164K-95.6% | $3.7M+2045.1% | $173K |
| 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 |
MOVE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -250.0%+1.5pp | -251.5%-39.8pp | -211.6%+332.7pp | -544.3%+1007.8pp | -1552.2%-1509.6pp | -42.6% | N/A | N/A |
| Operating Margin | -3238.8%-73.7pp | -3165.1%-622.3pp | -2542.7%+2789.1pp | -5331.8%+22481.2pp | -27813.0%-27137.7pp | -675.4% | N/A | N/A |
| Net Margin | -5036.3%-1905.2pp | -3131.1%-617.5pp | -2513.6%+2731.9pp | -5245.5%+21667.6pp | -26913.0%-26241.7pp | -671.4% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -72.5%-15.5pp | -57.0%+9.7pp | -66.7%-25.9pp | -40.8%-11.1pp | -29.7%+81.7pp | -111.4% | N/A | -84.6% |
| Current Ratio | 0.70-0.6 | 1.35-0.4 | 1.70-1.3 | 3.02-2.7 | 5.76+5.1 | 0.68-0.8 | 1.44-0.2 | 1.66 |
| Debt-to-Equity | -4.27-6.7 | 2.46+1.1 | 1.40+0.9 | 0.54+0.3 | 0.24+4.7 | -4.47-6.2 | 1.73+0.6 | 1.14 |
| FCF Margin | N/A | N/A | N/A | -5181.8%+30348.6pp | -35530.4%-35044.9pp | -485.6% | N/A | N/A |
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Frequently Asked Questions
What is Movano Inc's annual revenue?
Movano Inc (MOVE) reported $1.0M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Movano Inc profitable?
No, Movano Inc (MOVE) reported a net income of -$23.7M in fiscal year 2024, with a net profit margin of -2342.3%.
What is Movano Inc's earnings per share (EPS)?
Movano Inc (MOVE) reported diluted earnings per share of $-3.94 for fiscal year 2024. 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 Movano Inc's EBITDA?
Movano Inc (MOVE) had EBITDA of -$24.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Movano Inc's gross margin?
Movano Inc (MOVE) had a gross margin of -196.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Movano Inc's operating margin?
Movano Inc (MOVE) had an operating margin of -2391.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Movano Inc's net profit margin?
Movano Inc (MOVE) had a net profit margin of -2342.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Movano Inc's free cash flow?
Movano Inc (MOVE) generated -$22.5M in free cash flow during fiscal year 2024. This represents a 14.1% 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 Movano Inc's operating cash flow?
Movano Inc (MOVE) generated -$22.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Movano Inc's total assets?
Movano Inc (MOVE) had $11.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Movano Inc's capital expenditures?
Movano Inc (MOVE) invested $8K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Movano Inc spend on research and development?
Movano Inc (MOVE) invested $11.2M in research and development during fiscal year 2024.
How many shares does Movano Inc have outstanding?
Movano Inc (MOVE) had 684,029 shares outstanding as of fiscal year 2024.
What is Movano Inc's current ratio?
Movano Inc (MOVE) had a current ratio of 3.02 as of fiscal year 2024, which is generally considered healthy.
What is Movano Inc's debt-to-equity ratio?
Movano Inc (MOVE) had a debt-to-equity ratio of 0.54 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Movano Inc's return on assets (ROA)?
Movano Inc (MOVE) had a return on assets of -209.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Movano Inc's cash runway?
Based on fiscal year 2024 data, Movano Inc (MOVE) had $7.9M in cash against an annual operating cash burn of $22.5M. This gives an estimated cash runway of approximately 4 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 Movano Inc's Piotroski F-Score?
Movano Inc (MOVE) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Movano Inc's earnings high quality?
Movano Inc (MOVE) has an earnings quality ratio of 0.95x, 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.
How financially healthy is Movano Inc?
Movano Inc (MOVE) scores 48 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.