Poet Technologies Inc (POET) Financials

POET

FY2025 annual

Revenue $1.1M +2494.6% YoY

Net Income -$63.0M -11.1% YoY

Free Cash Flow -$33.3M -10.9% YoY

Operating Cash Flow -$31.1M -33.5% YoY

Market Cap $1.4B as of Sep 9, 2026

Price / Sales n/m outside the range published as a multiple, on $1.1M revenue, FY2025

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book 7.8x on $183.8M equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 31, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Mar 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the POET SEC filings page.

Poet Technologies Inc (POET) reported $1.1M in revenue for fiscal year 2025, up 2494.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 POET FY2025 2026-09-05

The business is being built through external financing and heavy investment while commercial revenue remains tiny relative to its asset base.

In FY2025, the financing inflow of $292.3M roughly offset the investing outflow of -$259.2M, while operations still produced cash flow of -$31.1M. That combination indicates the asset build is not yet funded by the business's commercial activity, with revenue at only $1.1M.

Assets expanded from $8.8M in FY2023 to $328.6M in FY2025, shifting the company toward a much larger capital base before operating results have scaled with it. The current ratio reached 2.2x in FY2025, a stronger short-term liquidity position than the 0.9x recorded in FY2023.

Shares outstanding rose from 49.0M in FY2023 to 132.3M in FY2025, so the scale-up coincided with substantial share-count expansion rather than a purely debt-led balance-sheet build. The net loss of -$63.0M and free cash flow of -$33.3M show that reported losses are still accompanied by cash needs.

Financial Health Signals

Financial health score not available

Poet Technologies Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Poet Technologies Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Poet Technologies Inc reported a net loss of $63.0M while operations used $31.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$40.0M

YoY+7.6%

QoQ+7.6%

Poet Technologies Inc held $40.0M in cash against $1.0M in long-term debt as of Q4 2025, with $143.8M of liabilities due within a year.

Shares Outstanding

132M

YoY+72.9%

QoQ+72.9%

Poet Technologies Inc had 132M shares outstanding in Q4 2025. This represents an increase of 72.9% from the same quarter a year earlier. Against the prior quarter it is up 72.9%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

POET Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

POET quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$1.1M+2494.6%	$41K-91.1%	$466K-15.7%	$553K+164.3%	$209K	N/A	N/A	$3.9M+39.2%	$2.8M+50.1%	$1.9M	N/A
Interest Expense	$144K+40.3%	$103K+46.3%	$70K+41.1%	$50K-86.4%	$365K-61.1%	$938K+14.4%	$820K	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	-$293K+1.7%	-$298K0.0%	-$298K-43.8%	-$207K	N/A
Net Income	-$63.0M-11.1%	-$56.7M-179.7%	-$20.3M+3.7%	-$21.0M-34.3%	-$15.7M+13.8%	-$18.2M-205.2%	-$6.0M+63.5%	-$16.3M-27.5%	-$12.8M+3.2%	-$13.2M-9.6%	-$12.1M
Diluted Shares (Avg)	93M+54.6%	60M+50.2%	40M+9.1%	37M+6.4%	35M+18.4%	29M+1.2%	29M-89.8%	282M+8.6%	260M+18.0%	220M+18.9%	185M

Metric	Q4'2520-F	Q4'2420-F	Q4'2320-F	Q3'2310-Q	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Revenue	N/A	N/A	N/A	N/A	N/A	$233K	N/A	N/A
Interest Expense	N/A	N/A	N/A	$35K+198.0%	N/A	$12K	N/A	N/A
Net Income	N/A	N/A	N/A	-$5.1M-27.1%	N/A	-$4.0M	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	41M+10.6%	N/A	37M	N/A	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted).

POET Balance Sheet

POET quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$328.6M+371.7%	$69.7M+693.5%	$8.8M-43.0%	$15.4M-43.3%	$27.2M+133.3%	$11.6M-51.7%	$24.1M-4.2%	$25.1M-0.3%	$25.2M-29.0%	$35.5M+122.8%	$15.9M
Current Assets	$314.5M+466.8%	$55.5M+1650.4%	$3.2M-66.9%	$9.6M-56.1%	$21.8M+190.8%	$7.5M-63.0%	$20.3M+194.1%	$6.9M-13.4%	$8.0M-53.6%	$17.1M+17.7%	$14.6M
Cash & Equivalents	$40.0M+7.6%	$37.1M+1130.3%	$3.0M-67.3%	$9.2M-38.2%	$14.9M+117.4%	$6.9M+381.3%	$1.4M-44.4%	$2.6M-48.4%	$5.0M-65.4%	$14.4M-0.2%	$14.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$437K-16.7%	$525K-53.0%	$1.1M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.7M0.0%	$7.7M0.0%	$7.7M	N/A
Total Liabilities	$144.8M+195.7%	$49.0M+1173.1%	$3.8M-2.5%	$3.9M+80.8%	$2.2M-62.5%	$5.8M+15.5%	$5.0M+24.6%	$4.0M+89.5%	$2.1M-34.6%	$3.3M+533.1%	$515K
Current Liabilities	$143.8M+197.4%	$48.3M+1265.9%	$3.5M-7.3%	$3.8M+98.4%	$1.9M-64.3%	$5.4M+9.9%	$4.9M+61.3%	$3.0M+275.1%	$811K-50.1%	$1.6M+215.1%	$515K
Non-Current Liabilities	$1.0M+64.4%	$627K+104.0%	$307K+139.4%	$128K-50.3%	$258K-39.8%	$429K+222.2%	$133K-86.7%	$1.0M-24.2%	$1.3M-19.3%	$1.6M	$0
Long-Term Debt	$1.0M+64.4%	$627K+104.0%	$307K+139.4%	$128K-50.3%	$258K-28.1%	$359K+169.4%	$133K	N/A	N/A	N/A	N/A
Total Equity	$183.8M+788.3%	$20.7M+319.5%	$4.9M-56.9%	$11.4M-54.2%	$25.0M+329.4%	$5.8M-69.5%	$19.0M-9.7%	$21.1M-8.6%	$23.1M-28.4%	$32.2M+109.1%	$15.4M
Retained Earnings	-$297.1M-9.6%	-$271.0M-26.5%	-$214.3M-10.4%	-$194.0M-12.2%	-$173.0M-10.0%	-$157.3M-13.1%	-$139.1M-4.5%	-$133.2M0.0%	-$133.2M-28.0%	-$104.1M-14.6%	-$90.9M

Metric	Q4'2520-F	Q4'2420-F	Q4'2320-F	Q3'2310-Q	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Total Assets	$328.6M+371.7%	$69.7M+693.5%	$8.8M-43.0%	$10.7M	$15.4M-43.3%	N/A	$27.2M+133.3%	$11.6M-51.7%
Current Assets	$314.5M+466.8%	$55.5M+1650.4%	$3.2M-66.9%	$4.9M	$9.6M-56.1%	N/A	$21.8M+190.8%	$7.5M-63.0%
Cash & Equivalents	$40.0M+7.6%	$37.1M+1130.3%	$3.0M-67.3%	$4.5M-56.4%	$9.2M-38.2%	$10.3M	$14.9M+117.4%	$6.9M+381.3%
Total Liabilities	$144.8M+195.7%	$49.0M+1173.1%	$3.8M-2.5%	$1.9M	$3.9M+80.8%	N/A	$2.2M-62.5%	$5.8M+15.5%
Current Liabilities	$143.8M+197.4%	$48.3M+1265.9%	$3.5M-7.3%	$1.7M	$3.8M+98.4%	N/A	$1.9M-64.3%	$5.4M+9.9%
Non-Current Liabilities	$1.0M+64.4%	$627K+104.0%	$307K+139.4%	$232K	$128K-50.3%	N/A	$258K-39.8%	$429K+222.2%
Long-Term Debt	$1.0M+64.4%	$627K+104.0%	$307K+139.4%	$232K	$128K-50.3%	N/A	$258K-28.1%	$359K+169.4%
Total Equity	$183.8M+788.3%	$20.7M+319.5%	$4.9M-56.9%	$8.8M-31.7%	$11.4M-54.2%	$12.9M	$25.0M+329.4%	$5.8M-69.5%
Retained Earnings	-$297.1M-9.6%	-$271.0M-26.5%	-$214.3M-10.4%	-$208.8M-11.2%	-$194.0M-12.2%	-$187.7M	-$173.0M-10.0%	-$157.3M-13.1%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill.

POET Cash Flow Statement

POET quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$31.1M-33.5%	-$23.3M-51.2%	-$15.4M-25.0%	-$12.3M-9.7%	-$11.2M-19.0%	-$9.4M-0.5%	-$9.4M-1.1%	-$9.3M-1.4%	-$9.2M+8.0%	-$10.0M-47.0%	-$6.8M
Capital Expenditures	$2.3M-66.7%	$6.8M+480.6%	$1.2M-61.2%	$3.0M+290.3%	$772K-49.3%	$1.5M+241.5%	$446K-87.1%	$3.5M+5981.7%	$57K-95.3%	$1.2M+635.2%	$164K
Free Cash Flow	-$33.3M-10.9%	-$30.1M-81.4%	-$16.6M-8.1%	-$15.3M-27.8%	-$12.0M-9.5%	-$11.0M-11.4%	-$9.8M+22.9%	-$12.8M-38.3%	-$9.2M+17.5%	-$11.2M-60.9%	-$6.9M
Investing Cash Flow	-$259.2M-995.3%	-$23.7M-1797.4%	-$1.2M-137.9%	$3.3M+145.1%	-$7.3M-152.4%	$13.9M+158.6%	$5.4M+252.3%	-$3.5M-701.6%	-$441K+81.0%	-$2.3M-520.9%	-$374K
Financing Cash Flow	$292.3M+256.9%	$81.9M+703.3%	$10.2M+196.8%	$3.4M-87.1%	$26.6M+2184.3%	$1.2M-62.9%	$3.1M-70.6%	$10.6M+8519.9%	$124K-99.0%	$11.8M-2.4%	$12.1M

Metric	Q4'2520-F	Q4'2420-F	Q4'2320-F	Q3'2310-Q	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Operating Cash Flow	N/A	N/A	-$2.9M-6.7%	N/A	-$2.7M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	$35K-97.8%	N/A	$1.6M	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	-$3.0M+32.5%	N/A	-$4.4M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$35K+97.8%	N/A	-$1.6M	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	$1.3M-54.1%	N/A	$2.9M	N/A	N/A	N/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

POET Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

POET quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	-5857.8%	-136857.2%	-4351.3%	-3805.8%	-7493.6%	N/A	N/A	-419.8%	-458.0%	-710.3%	N/A
Return on Equity	-34.3%+239.8pp	-274.0%+136.9pp	-411.0%-227.2pp	-183.8%-121.1pp	-62.7%+249.7pp	-312.4%-281.2pp	-31.3%+46.1pp	-77.4%-21.9pp	-55.5%-14.4pp	-41.0%+37.3pp	-78.3%
Return on Assets	-19.2%+62.2pp	-81.4%+149.5pp	-230.9%-94.2pp	-136.7%-79.0pp	-57.7%+98.4pp	-156.1%-131.4pp	-24.7%+40.2pp	-64.9%-14.2pp	-50.8%-13.5pp	-37.3%+38.5pp	-75.8%
Current Ratio	2.19+1.0x	1.15+0.3x	0.90-1.6x	2.51-8.8x	11.33+9.9x	1.39-2.7x	4.13+1.9x	2.27-7.5x	9.81-0.7x	10.55-17.7x	28.25
Debt-to-Equity	0.010.0x	0.030.0x	0.06+0.1x	0.010.0x	0.01-0.1x	0.06+0.1x	0.01-0.2x	0.19+0.1x	0.090.0x	0.10+0.1x	0.03
Asset Turnover	0.000.0x	0.00-0.1x	0.050.0x	0.040.0x	0.01	N/A	N/A	0.150.0x	0.11+0.1x	0.05	N/A
FCF Margin	-3102.0%	-72592.8%	-3558.7%	-2774.8%	-5741.2%	N/A	N/A	-328.1%	-330.0%	-600.0%	N/A

Metric	Q4'2520-F	Q4'2420-F	Q4'2320-F	Q3'2310-Q	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Net Margin	N/A	N/A	N/A	N/A	N/A	-1735.0%	N/A	N/A
Return on Equity	N/A	N/A	N/A	-58.2%-26.9pp	N/A	-31.3%	N/A	N/A
Return on Assets	N/A	N/A	N/A	-48.0%	N/A	N/A	N/A	N/A
Current Ratio	2.19+1.0x	1.15+0.3x	0.90-1.6x	2.98	2.51-8.8x	N/A	11.33+9.9x	1.39-2.7x
Debt-to-Equity	0.010.0x	0.030.0x	0.06+0.1x	0.03	0.010.0x	N/A	0.01-0.1x	0.06+0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Asset Turnover, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Poet Technologies Inc POET	FY2025	$1.1M	-$63.0M	N/A	$1.4B	—
Skywater Technology Inc SKYT	FY2025	$442.1M	$118.9M	26.9%	$1.6B	40/100
Ceva Inc CEVA	FY2025	$109.6M	-$10.6M	-9.7%	$795.1M	74/100
Sealsq Corp LAES	FY2025	$18.3M	-$34.2M	N/A	$545.8M	45/100
Arteris, Inc. AIP	FY2025	$70.6M	-$34.7M	-49.2%	$1.1B	67/100
Nve Corp NVEC	FY2026	$26.3M	$15.2M	57.7%	$493.2M	82/100

Where Poet Technologies Inc Ranks

Frequently Asked Questions

What is Poet Technologies Inc's annual revenue?

Poet Technologies Inc (POET) reported $1.1M in total revenue for fiscal year 2025. This represents a 2494.6% 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 Poet Technologies Inc's revenue growing?

Poet Technologies Inc (POET) revenue grew by 2494.6% year-over-year, from $41K to $1.1M in fiscal year 2025.

Is Poet Technologies Inc profitable?

No, Poet Technologies Inc (POET) reported a net income of -$63.0M in fiscal year 2025.

How much debt does Poet Technologies Inc have?

As of fiscal year 2025, Poet Technologies Inc (POET) had $40.0M in cash and equivalents against $1.0M in long-term debt.

What is Poet Technologies Inc's return on equity (ROE)?

Poet Technologies Inc (POET) has a return on equity of -34.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Poet Technologies Inc's free cash flow?

Poet Technologies Inc (POET) recorded an outflow of $33.3M in free cash flow during fiscal year 2025. This represents a -10.9% 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 Poet Technologies Inc's operating cash flow?

Poet Technologies Inc (POET) recorded an outflow of $31.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Poet Technologies Inc's total assets?

Poet Technologies Inc (POET) had $328.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Poet Technologies Inc's capital expenditures?

Poet Technologies Inc (POET) invested $2.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Poet Technologies Inc have outstanding?

Poet Technologies Inc (POET) had 132M shares outstanding as of fiscal year 2025.

What is Poet Technologies Inc's current ratio?

Poet Technologies Inc (POET) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.

What is Poet Technologies Inc's debt-to-equity ratio?

Poet Technologies Inc (POET) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Poet Technologies Inc's return on assets (ROA)?

Poet Technologies Inc (POET) had a return on assets of -19.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Poet Technologies Inc's P/E ratio?

Poet Technologies Inc (POET) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.4B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Poet Technologies Inc's price-to-sales ratio?

Poet Technologies Inc (POET) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $1.1M revenue, FY2025). The market capitalization is $1.4B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Poet Technologies Inc's Piotroski F-Score?

Poet Technologies Inc (POET) has a Piotroski F-Score of 5 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 Poet Technologies Inc's earnings high quality?

Poet Technologies Inc (POET) reported a net loss of $63.0M while operations used $31.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.