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 16 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).
Oblong now shows an asset-light model whose ongoing operating burn is financed through equity rather than debt or internal cash.
FY2025 brought a$9.0M financing inflow, yet cash still fell to$2.3M . That gap was largely explained by$8.7M of investing outflow; with no long-term debt, low liabilities, and a share count that nearly tripled, the company is maintaining equity-funded solvency rather than financing itself from operations.
Because capital spending has been minimal for several years, cash burn is mostly operating burn: in FY2025 operating cash outflow of
The FY2025 rebound in gross margin to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Oblong Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Oblong Inc scores -36.13, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.7M) relative to total liabilities ($1.2M). 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.
Oblong Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Oblong Inc generates $0.47 in operating cash flow (-$3.0M OCF vs -$6.4M 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
Earnings & Revenue
Oblong Inc generated $2.4M in revenue in fiscal year 2025. This represents an increase of 2.5% from the prior year.
Oblong Inc reported -$6.4M in net income in fiscal year 2025. This represents a decrease of 57.2% from the prior year.
Cash & Balance Sheet
Oblong Inc held $2.3M in cash against $0 in long-term debt as of fiscal year 2025.
Oblong Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 190.7% from the prior year.
Margins & Returns
Oblong Inc's gross margin was 41.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 27.7 percentage points from the prior year.
Oblong Inc's operating margin was -121.5% in fiscal year 2025, reflecting core business profitability. This is up 55.2 percentage points from the prior year.
Oblong Inc's net profit margin was -260.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 90.8 percentage points from the prior year.
Oblong Inc's ROE was -90.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.6 percentage points from the prior year.
Capital Allocation
Oblong Inc invested $10K in research and development in fiscal year 2025. This represents a decrease of 93.5% from the prior year.
OBLG Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $707K+13.7% | $622K+3.5% | $601K+1.5% | $592K-4.8% | $622K+10.5% | $563K-2.6% | $578K-5.4% | $611K |
| Cost of Revenue | $237K-28.0% | $329K-7.8% | $357K-1.9% | $364K-2.4% | $373K-12.9% | $428K-14.2% | $499K+1.6% | $491K |
| Gross Profit | $470K+60.4% | $293K+20.1% | $244K+7.0% | $228K-8.4% | $249K+84.4% | $135K+70.9% | $79K-34.2% | $120K |
| R&D Expenses | $0-100.0% | $1K-66.7% | $3K0.0% | $3K0.0% | $3K+50.0% | $2K-94.7% | $38K-41.5% | $65K |
| SG&A Expenses | $1.0M-4.6% | $1.1M+2.7% | $1.0M+15.6% | $902K-2.9% | $929K-12.1% | $1.1M+1.0% | $1.0M+3.1% | $1.0M |
| Operating Income | -$559K+28.9% | -$786K+2.0% | -$802K-17.4% | -$683K+1.2% | -$691K+25.5% | -$928K+13.4% | -$1.1M-5.3% | -$1.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0+100.0% | -$5K | $0 | $0-100.0% | $7K+600.0% | $1K | $0-100.0% | $9K |
| Net Income | $1.7M+160.9% | -$2.8M-21.7% | -$2.3M-278.5% | -$605K+10.0% | -$672K+24.0% | -$884K+15.0% | -$1.0M-5.8% | -$983K |
| EPS (Diluted) | $0.43 | N/A | N/A | N/A | $-0.59 | N/A | N/A | N/A |
OBLG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.0M+21.4% | $8.2M-24.6% | $10.9M-16.6% | $13.1M+174.7% | $4.8M-9.9% | $5.3M-12.0% | $6.0M-4.9% | $6.3M |
| Current Assets | $10.0M+21.4% | $8.2M-24.6% | $10.9M-16.6% | $13.1M+174.9% | $4.8M-9.9% | $5.3M-12.0% | $6.0M-4.9% | $6.3M |
| Cash & Equivalents | $2.1M-5.7% | $2.3M-39.6% | $3.7M-65.4% | $10.8M+150.1% | $4.3M-13.1% | $5.0M-11.6% | $5.6M-4.1% | $5.9M |
| Inventory | N/A | $0 | N/A | N/A | N/A | $0-100.0% | $50K-43.2% | $88K |
| Accounts Receivable | $135K-2.2% | $138K+1050.0% | $12K-20.0% | $15K-86.7% | $113K-39.2% | $186K+463.6% | $33K+6.5% | $31K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $1.3M+5.5% | $1.2M+10.8% | $1.1M-40.9% | $1.8M+29.0% | $1.4M+10.5% | $1.3M-3.8% | $1.3M+5.5% | $1.3M |
| Current Liabilities | $1.3M+5.5% | $1.2M+10.8% | $1.1M-40.9% | $1.8M+29.0% | $1.4M+10.5% | $1.3M-3.6% | $1.3M+5.9% | $1.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.7M+24.1% | $7.0M-28.4% | $9.8M-12.7% | $11.3M+235.9% | $3.4M-16.3% | $4.0M-14.3% | $4.7M-7.5% | $5.1M |
| Retained Earnings | -$236.9M+0.7% | -$238.6M-1.2% | -$235.8M-1.0% | -$233.6M-0.3% | -$232.9M-0.3% | -$232.3M-0.4% | -$231.4M-0.5% | -$230.3M |
OBLG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$650K+12.6% | -$744K+52.1% | -$1.6M-4100.0% | -$37K+94.6% | -$680K+23.2% | -$885K+2.9% | -$911K+7.0% | -$980K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $522K+170.9% | -$736K+88.4% | -$6.3M-284.8% | -$1.6M | $0 | $0 | $0 | N/A |
| Financing Cash Flow | $0 | $0-100.0% | $846K-89.6% | $8.2M+26241.9% | $31K-86.6% | $231K-65.6% | $672K-54.5% | $1.5M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.5%+19.4pp | 47.1%+6.5pp | 40.6%+2.1pp | 38.5%-1.5pp | 40.0%+16.0pp | 24.0%+10.3pp | 13.7%-6.0pp | 19.6% |
| Operating Margin | -79.1%+47.3pp | -126.4%+7.1pp | -133.4%-18.1pp | -115.4%-4.3pp | -111.1%+53.7pp | -164.8%+20.6pp | -185.5%-18.9pp | -166.6% |
| Net Margin | 240.0%+688.3pp | -448.2%-67.2pp | -381.0%-278.8pp | -102.2%+5.8pp | -108.0%+49.0pp | -157.0%+22.9pp | -179.9%-19.0pp | -160.9% |
| Return on Equity | 19.4%+59.1pp | -39.6%-16.3pp | -23.3%-17.9pp | -5.4%+14.7pp | -20.1%+2.0pp | -22.1%+0.2pp | -22.3%-2.8pp | -19.5% |
| Return on Assets | 17.0%+50.9pp | -33.9%-12.9pp | -21.0%-16.4pp | -4.6%+9.5pp | -14.1%+2.6pp | -16.8%+0.6pp | -17.3%-1.8pp | -15.6% |
| Current Ratio | 7.97+1.0 | 6.93-3.3 | 10.18+3.0 | 7.21+3.8 | 3.38-0.8 | 4.14-0.4 | 4.53-0.5 | 5.05 |
| Debt-to-Equity | 0.14-0.0 | 0.17+0.1 | 0.11-0.1 | 0.16-0.3 | 0.42+0.1 | 0.32+0.0 | 0.28+0.0 | 0.25 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Oblong Inc's annual revenue?
Oblong Inc (OBLG) reported $2.4M in total revenue for fiscal year 2025. This represents a 2.5% 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 grew by 2.5% year-over-year, from $2.4M to $2.4M in fiscal year 2025.
Is Oblong Inc profitable?
No, Oblong Inc (OBLG) reported a net income of -$6.4M in fiscal year 2025, with a net profit margin of -260.8%.
What is Oblong Inc's gross margin?
Oblong Inc (OBLG) had a gross margin of 41.6% in fiscal year 2025, 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 -121.5% in fiscal year 2025, 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 -260.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Oblong Inc's return on equity (ROE)?
Oblong Inc (OBLG) has a return on equity of -90.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Oblong Inc's operating cash flow?
Oblong Inc (OBLG) generated -$3.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Oblong Inc's total assets?
Oblong Inc (OBLG) had $8.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Oblong Inc spend on research and development?
Oblong Inc (OBLG) invested $10K in research and development during fiscal year 2025.
What is Oblong Inc's current ratio?
Oblong Inc (OBLG) had a current ratio of 6.93 as of fiscal year 2025, which is generally considered healthy.
What is Oblong Inc's debt-to-equity ratio?
Oblong Inc (OBLG) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, 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 -77.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Oblong Inc's cash runway?
Based on fiscal year 2025 data, Oblong Inc (OBLG) had $2.3M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 9 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 Altman Z-Score?
Oblong Inc (OBLG) has an Altman Z-Score of -36.13, 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 Oblong Inc's Piotroski F-Score?
Oblong Inc (OBLG) has a Piotroski F-Score of 3 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 Oblong Inc's earnings high quality?
Oblong Inc (OBLG) has an earnings quality ratio of 0.47x, 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 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.