Oblong Inc Financials

OBLG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

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).

Rhea AI OBLG FY2025 2026-05-15

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 $3.0M was close to operating loss of $3.0M. That means reported losses convert into real cash use rather than being offset by depreciation or other accounting items, a useful clue for judging earnings quality in a very small business.

The FY2025 rebound in gross margin to 41.6% on nearly flat revenue points to a mix or cost shift, not a broad recovery in scale. But SG&A at $3.9M still overwhelms the gross profit base, so better unit economics have improved the surface of the income statement without solving the fixed-cost load.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Oblong Inc has an operating margin of -121.5%, meaning the company retains $-122 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 up from -176.7% the prior year.

Growth

Oblong Inc's revenue grew a modest 2.5% year-over-year to $2.4M. This slow but positive growth earns a score of 0/100.

Leverage

Oblong Inc carries a low D/E ratio of 0.17, meaning only $0.17 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.

Liquidity

100

With a current ratio of 6.93, Oblong Inc holds $6.93 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Oblong Inc generates a -90.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -101.0% the prior year.

Piotroski F-Score Weak

3/9

Oblong Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.47x

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

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Earnings & Revenue

Revenue

$2.4M

YoY+2.5%

5Y CAGR-30.8%

10Y CAGR-20.9%

Oblong Inc generated $2.4M in revenue in fiscal year 2025. This represents an increase of 2.5% from the prior year.

EBITDA

N/A

Net Income

-$6.4M

YoY-57.2%

Oblong Inc reported -$6.4M in net income in fiscal year 2025. This represents a decrease of 57.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.3M

YoY-54.5%

5Y CAGR-15.6%

10Y CAGR+2.5%

Oblong Inc held $2.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+190.7%

Oblong Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 190.7% from the prior year.

Margins & Returns

Gross Margin

41.6%

YoY+27.7pp

5Y CAGR-10.9pp

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.

Operating Margin

-121.5%

YoY+55.2pp

5Y CAGR-55.9pp

10Y CAGR-119.6pp

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.

Net Margin

-260.8%

YoY-90.8pp

5Y CAGR-212.4pp

10Y CAGR-252.4pp

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.

Return on Equity

-90.4%

YoY+10.6pp

5Y CAGR-56.7pp

10Y CAGR-56.8pp

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

R&D Spending

$10K

YoY-93.5%

5Y CAGR-69.4%

Oblong Inc invested $10K in research and development in fiscal year 2025. This represents a decrease of 93.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

OBLG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.4M+2.5%	$2.4M-37.6%	$3.8M-30.4%	$5.5M-29.2%	$7.7M-49.5%	$15.3M
Cost of Revenue	$1.4M-30.5%	$2.0M-29.4%	$2.9M-26.2%	$3.9M-21.7%	$5.0M-31.0%	$7.3M
Gross Profit	$1.0M+206.3%	$331K-63.7%	$911K-41.1%	$1.5M-43.1%	$2.7M-66.2%	$8.1M
R&D Expenses	$10K-93.5%	$155K+675.0%	$20K-98.8%	$1.7M-41.7%	$2.9M-21.5%	$3.7M
SG&A Expenses	$3.9M-6.0%	$4.2M-13.8%	$4.9M-7.7%	$5.3M-17.1%	$6.4M-5.4%	$6.7M
Operating Income	-$3.0M+29.5%	-$4.2M+6.5%	-$4.5M+79.6%	-$22.0M-86.4%	-$11.8M-17.2%	-$10.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2K-80.0%	$10K-63.0%	$27K+485.7%	-$7K+92.2%	-$90K-187.4%	$103K
Net Income	-$6.4M-57.2%	-$4.0M+7.8%	-$4.4M+80.0%	-$21.9M-142.4%	-$9.1M-22.0%	-$7.4M
EPS (Diluted)	N/A	N/A	$-0.98	$-10.62-93.8%	$-5.48	$-1.48

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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.2M+55.8%	$5.3M-23.8%	$6.9M+22.3%	$5.7M-80.2%	$28.6M-1.8%	$29.1M
Current Assets	$8.2M+55.9%	$5.3M-23.6%	$6.9M+41.5%	$4.9M-61.8%	$12.8M+27.6%	$10.0M
Cash & Equivalents	$2.3M-54.5%	$5.0M-17.1%	$6.0M+94.2%	$3.1M-65.7%	$9.0M+70.6%	$5.3M
Inventory	$0	$0-100.0%	$239K-66.9%	$723K-60.3%	$1.8M+97.9%	$920K
Accounts Receivable	$138K-25.8%	$186K-56.1%	$424K+2.2%	$415K-51.1%	$849K-73.2%	$3.2M
Goodwill	N/A	$0	$0	$0-100.0%	$7.4M0.0%	$7.4M
Total Liabilities	$1.2M-6.8%	$1.3M-10.7%	$1.4M-30.3%	$2.0M-34.3%	$3.1M-56.1%	$7.1M
Current Liabilities	$1.2M-6.8%	$1.3M-9.0%	$1.4M-26.9%	$1.9M-23.3%	$2.5M-55.3%	$5.6M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$403K
Total Equity	$7.0M+75.7%	$4.0M-27.2%	$5.5M+52.0%	$3.6M-85.8%	$25.5M+15.6%	$22.1M
Retained Earnings	-$238.6M-2.7%	-$232.3M-1.8%	-$228.2M-2.0%	-$223.8M-10.9%	-$201.9M-4.7%	-$192.9M

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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.0M+11.5%	-$3.4M-13.8%	-$3.0M+49.6%	-$5.9M+23.3%	-$7.7M-17.8%	-$6.6M
Capital Expenditures	N/A	N/A	$0-100.0%	$11K-78.0%	$50K+31.6%	$38K
Free Cash Flow	N/A	N/A	-$3.0M+49.7%	-$5.9M+23.6%	-$7.8M-17.8%	-$6.6M
Investing Cash Flow	-$8.7M	$0	$0-100.0%	$19K+138.8%	-$49K-58.1%	-$31K
Financing Cash Flow	$9.0M+279.8%	$2.4M-59.6%	$5.9M	$0-100.0%	$11.5M+58.2%	$7.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	41.6%+27.7pp	13.9%-10.0pp	23.9%-4.3pp	28.2%-6.9pp	35.1%-17.4pp	52.5%
Operating Margin	-121.5%+55.2pp	-176.7%-58.7pp	-118.0%+283.5pp	-401.5%-249.1pp	-152.4%-86.8pp	-65.6%
Net Margin	-260.8%-90.8pp	-170.0%-54.9pp	-115.1%+285.6pp	-400.7%-283.7pp	-117.0%-68.5pp	-48.4%
Return on Equity	-90.4%+10.6pp	-101.0%-21.3pp	-79.7%+526.8pp	-606.4%-570.9pp	-35.5%-1.9pp	-33.6%
Return on Assets	-77.3%-0.7pp	-76.6%-13.3pp	-63.3%+324.3pp	-387.6%-355.9pp	-31.6%-6.2pp	-25.5%
Current Ratio	6.93+2.8	4.14-0.8	4.93+2.4	2.55-2.6	5.11+3.3	1.79
Debt-to-Equity	0.17-0.1	0.32+0.1	0.26-0.3	0.56+0.6	0.00-0.0	0.02
FCF Margin	N/A	N/A	-78.6%+30.0pp	-108.6%-8.0pp	-100.6%-57.5pp	-43.1%

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.

How many shares does Oblong Inc have outstanding?

Oblong Inc (OBLG) had 3M shares outstanding as of 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 Piotroski F-Score?

Oblong Inc (OBLG) has a Piotroski F-Score of 3 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 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 33 out of 100 on our Financial Profile, indicating weak 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.