Oblong Inc Financials
This page shows Oblong Inc (OBLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Oblong Inc has an operating margin of -176.7%, meaning the company retains $-177 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 -118.0% the prior year.
Oblong Inc's revenue declined 37.6% year-over-year, from $3.8M to $2.4M. This contraction results in a growth score of 0/100.
Oblong Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.14, Oblong Inc holds $4.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Oblong Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Oblong Inc generates $0.84 in operating cash flow (-$3.4M OCF vs -$4.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Oblong Inc generated $2.4M in revenue in fiscal year 2024. This represents a decrease of 37.6% from the prior year.
Oblong Inc's EBITDA was -$4.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.3% from the prior year.
Oblong Inc reported -$4.0M in net income in fiscal year 2024. This represents an increase of 7.8% from the prior year.
Oblong Inc held $5.0M in cash against $0 in long-term debt as of fiscal year 2024.
Oblong Inc had 1M shares outstanding in fiscal year 2024. This represents an increase of 99.6% from the prior year.
Oblong Inc's gross margin was 13.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 10.0 percentage points from the prior year.
Oblong Inc's operating margin was -176.7% in fiscal year 2024, reflecting core business profitability. This is down 58.7 percentage points from the prior year.
Oblong Inc's net profit margin was -170.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 54.9 percentage points from the prior year.
Oblong Inc invested $155K in research and development in fiscal year 2024. This represents an increase of 675.0% from the prior year.
OBLG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $601K+1.5% | $592K-4.8% | $622K+10.5% | $563K-7.9% | $611K-2.4% | $626K-33.7% | $944K+8.3% | $872K |
| Cost of Revenue | $357K-1.9% | $364K-2.4% | $373K-12.9% | $428K-12.8% | $491K-21.9% | $629K-4.0% | $655K+1.1% | $648K |
| Gross Profit | $244K+7.0% | $228K-8.4% | $249K+84.4% | $135K+12.5% | $120K+4100.0% | -$3K-101.0% | $289K+29.0% | $224K |
| R&D Expenses | $3K0.0% | $3K0.0% | $3K+50.0% | $2K-96.9% | $65K+30.0% | $50K+1150.0% | $4K-20.0% | $5K |
| SG&A Expenses | $1.0M+15.6% | $902K-2.9% | $929K-12.1% | $1.1M+4.0% | $1.0M-5.7% | $1.1M-6.1% | $1.1M+17.4% | $977K |
| Operating Income | -$802K-17.4% | -$683K+1.2% | -$691K+25.5% | -$928K+8.8% | -$1.0M+14.0% | -$1.2M+7.2% | -$1.3M-37.9% | -$925K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0-100.0% | $7K+600.0% | $1K-88.9% | $9K | $0+100.0% | -$11K | $0 |
| Net Income | -$2.3M-278.5% | -$605K+10.0% | -$672K+24.0% | -$884K+10.1% | -$983K+13.5% | -$1.1M+7.0% | -$1.2M-36.4% | -$895K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $-0.07 | $0.70 | $-0.30 |
OBLG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.9M-16.6% | $13.1M+174.7% | $4.8M-9.9% | $5.3M-16.3% | $6.3M+6.2% | $5.9M-14.3% | $6.9M-13.2% | $8.0M |
| Current Assets | $10.9M-16.6% | $13.1M+174.9% | $4.8M-9.9% | $5.3M-16.3% | $6.3M+6.3% | $5.9M-14.1% | $6.9M-9.0% | $7.6M |
| Cash & Equivalents | $3.7M-65.4% | $10.8M+150.1% | $4.3M-13.1% | $5.0M-15.2% | $5.9M+9.3% | $5.4M-10.5% | $6.0M-11.5% | $6.8M |
| Inventory | N/A | N/A | N/A | $0-100.0% | $88K-30.7% | $127K-46.9% | $239K-26.2% | $324K |
| Accounts Receivable | $12K-20.0% | $15K-86.7% | $113K-39.2% | $186K+500.0% | $31K+106.7% | $15K-96.5% | $424K+170.1% | $157K |
| Goodwill | N/A | N/A | N/A | $0 | N/A | N/A | $0 | N/A |
| Total Liabilities | $1.1M-40.9% | $1.8M+29.0% | $1.4M+10.5% | $1.3M+1.5% | $1.3M-16.5% | $1.5M+5.4% | $1.4M+8.0% | $1.3M |
| Current Liabilities | $1.1M-40.9% | $1.8M+29.0% | $1.4M+10.5% | $1.3M+2.0% | $1.2M-16.1% | $1.5M+6.4% | $1.4M+9.2% | $1.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.8M-12.7% | $11.3M+235.9% | $3.4M-16.3% | $4.0M-20.8% | $5.1M+13.9% | $4.4M-19.4% | $5.5M-17.4% | $6.7M |
| Retained Earnings | -$235.8M-1.0% | -$233.6M-0.3% | -$232.9M-0.3% | -$232.3M-0.8% | -$230.3M-0.4% | -$229.4M-0.5% | -$228.2M-0.5% | -$227.0M |
OBLG 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-4100.0% | -$37K+94.6% | -$680K+23.2% | -$885K+9.7% | -$980K-55.6% | -$630K+10.6% | -$705K-565.1% | -$106K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$705K-565.1% | -$106K |
| Investing Cash Flow | -$6.3M | N/A | N/A | $0 | N/A | N/A | $0 | $0 |
| Financing Cash Flow | $846K-89.6% | $8.2M+26241.9% | $31K-86.6% | $231K-84.4% | $1.5M | $0+100.0% | -$71K | $0 |
| 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 |
OBLG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.6%+2.1pp | 38.5%-1.5pp | 40.0%+16.0pp | 24.0%+4.3pp | 19.6%+20.1pp | -0.5%-31.1pp | 30.6%+4.9pp | 25.7% |
| Operating Margin | -133.4%-18.1pp | -115.4%-4.3pp | -111.1%+53.7pp | -164.8%+1.8pp | -166.6%+22.5pp | -189.1%-54.0pp | -135.2%-29.1pp | -106.1% |
| Net Margin | -381.0%-278.8pp | -102.2%+5.8pp | -108.0%+49.0pp | -157.0%+3.9pp | -160.9%+20.6pp | -181.5%-52.1pp | -129.3%-26.7pp | -102.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -21.0%-16.4pp | -4.6%+9.5pp | -14.1%+2.6pp | -16.8%-1.2pp | -15.6%+3.5pp | -19.1%-1.5pp | -17.6%-6.4pp | -11.2% |
| Current Ratio | 10.18+3.0 | 7.21+3.8 | 3.38-0.8 | 4.14-0.9 | 5.05+1.1 | 3.98-0.9 | 4.93-1.0 | 5.92 |
| Debt-to-Equity | 0.11-0.1 | 0.16-0.3 | 0.42+0.1 | 0.32+0.1 | 0.25-0.1 | 0.34+0.1 | 0.26+0.1 | 0.20 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -74.7%-62.5pp | -12.2% |
Similar Companies
Frequently Asked Questions
What is Oblong Inc's annual revenue?
Oblong Inc (OBLG) reported $2.4M in total revenue for fiscal year 2024. This represents a -37.6% 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 Oblong Inc's revenue growing?
Oblong Inc (OBLG) revenue declined by 37.6% year-over-year, from $3.8M to $2.4M in fiscal year 2024.
Is Oblong Inc profitable?
No, Oblong Inc (OBLG) reported a net income of -$4.0M in fiscal year 2024, with a net profit margin of -170.0%.
What is Oblong Inc's EBITDA?
Oblong Inc (OBLG) had EBITDA of -$4.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Oblong Inc's gross margin?
Oblong Inc (OBLG) had a gross margin of 13.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Oblong Inc's operating margin?
Oblong Inc (OBLG) had an operating margin of -176.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Oblong Inc's net profit margin?
Oblong Inc (OBLG) had a net profit margin of -170.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Oblong Inc's operating cash flow?
Oblong Inc (OBLG) generated -$3.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oblong Inc's total assets?
Oblong Inc (OBLG) had $5.3M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Oblong Inc spend on research and development?
Oblong Inc (OBLG) invested $155K in research and development during fiscal year 2024.
How many shares does Oblong Inc have outstanding?
Oblong Inc (OBLG) had 1M shares outstanding as of fiscal year 2024.
What is Oblong Inc's current ratio?
Oblong Inc (OBLG) had a current ratio of 4.14 as of fiscal year 2024, which is generally considered healthy.
What is Oblong Inc's debt-to-equity ratio?
Oblong Inc (OBLG) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oblong Inc's return on assets (ROA)?
Oblong Inc (OBLG) had a return on assets of -76.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oblong Inc's cash runway?
Based on fiscal year 2024 data, Oblong Inc (OBLG) had $5.0M in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 17 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 Oblong Inc's Piotroski F-Score?
Oblong Inc (OBLG) has a Piotroski F-Score of 1 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 Oblong Inc's earnings high quality?
Oblong Inc (OBLG) has an earnings quality ratio of 0.84x, 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 Oblong Inc?
Oblong Inc (OBLG) scores 50 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.