Renovaro Financials
Financial Health Signals
Renovaro passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Renovaro generates $0.04 in operating cash flow (-$7.9M OCF vs -$178.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Renovaro earns $-260.4 in operating income for every $1 of interest expense (-$189.0M vs $726K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Renovaro (RENB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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
Renovaro's EBITDA was -$188.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 131.7% from the prior year.
Renovaro reported -$178.0M in net income in fiscal year 2025. This represents a decrease of 101.3% from the prior year.
Renovaro earned $-1.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 18.7% from the prior year.
Renovaro held $93K in cash against $0 in long-term debt as of fiscal year 2025.
Renovaro had 18M shares outstanding in fiscal year 2025. This represents a decrease of 88.8% from the prior year.
Renovaro invested $537K in research and development in fiscal year 2025. This represents a decrease of 80.2% from the prior year.
RENB Income Statement
| Metric | Q1'25 | Q3'25 | Q3'24 | Q1'24 | Q2'24 | Q3'23 | Q2'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $24K | N/A | $161K-58.7% | $390K | N/A | $621K | N/A | $326K |
| SG&A Expenses | $2.4M-42.9% | $4.2M-3.0% | $4.4M-17.9% | $5.3M | N/A | $3.6M | N/A | $4.0M |
| Operating Income | -$3.3M+20.5% | -$4.2M+8.4% | -$4.5M+91.5% | -$53.3M | N/A | -$4.3M | N/A | -$4.4M |
| Interest Expense | $122K-35.1% | $189K+90.8% | $99K-60.5% | $250K | N/A | $275K | N/A | $93K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $2.8M+1390.2% | $189K+102.6% | -$7.3M+83.6% | -$44.2M | N/A | -$4.5M | N/A | -$4.5M |
| EPS (Diluted) | $0.13 | $0.00+100.0% | $-0.04+98.6% | $-2.76 | N/A | $-0.07 | N/A | $-0.08 |
RENB Balance Sheet
| Metric | Q1'25 | Q3'25 | Q3'24 | Q1'24 | Q2'24 | Q3'23 | Q2'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.0M-94.1% | $117.7M+5.7% | $111.3M-8.6% | $121.8M-25.3% | $163.1M+181.2% | $58.0M-0.5% | $58.3M-27.4% | $80.3M |
| Current Assets | $800K-78.2% | $3.7M+114.7% | $1.7M-12.3% | $1.9M-2.5% | $2.0M-16.9% | $2.4M-6.3% | $2.6M-52.4% | $5.4M |
| Cash & Equivalents | $625K-32.3% | $923K+196.1% | $312K+41.3% | $221K0.0% | $220K-9.6% | $244K-87.0% | $1.9M-54.5% | $4.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $964K | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $6.0M-94.7% | $112.6M+4.3% | $108.0M-8.6% | $118.2M-25.8% | $159.3M+1268.8% | $11.6M0.0% | $11.6M0.0% | $11.6M |
| Total Liabilities | $20.0M-31.8% | $29.3M+0.2% | $29.3M+23.3% | $23.7M-23.8% | $31.2M+116.0% | $14.4M+22.2% | $11.8M-11.8% | $13.4M |
| Current Liabilities | $19.7M-31.6% | $28.8M+0.8% | $28.6M+24.2% | $23.0M-24.0% | $30.3M+120.3% | $13.8M+24.8% | $11.0M-2.4% | $11.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$13.0M-114.8% | $88.4M+7.7% | $82.1M-16.3% | $98.1M-25.7% | $132.0M+202.7% | $43.6M-6.3% | $46.5M-30.5% | $66.9M |
| Retained Earnings | -$507.6M-32.3% | -$383.7M0.0% | -$383.9M-1.9% | -$376.7M-13.3% | -$332.5M-29.0% | -$257.7M-5.6% | -$244.0M-12.7% | -$216.5M |
RENB Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q3'24 | Q1'24 | Q2'24 | Q3'23 | Q2'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M+9.3% | -$1.5M+41.9% | -$2.6M-26.9% | -$2.0M+16.5% | -$2.4M+23.3% | -$3.1M-39.1% | -$2.3M+36.3% | -$3.6M |
| Capital Expenditures | N/A | N/A | $5K | N/A | $24K | $0-100.0% | $6K | $0 |
| Free Cash Flow | N/A | N/A | -$2.6M | N/A | -$2.4M+26.3% | -$3.3M-45.9% | -$2.3M+18.6% | -$2.8M |
| Investing Cash Flow | $545K | N/A | -$92K | $0+100.0% | -$53K+6.9% | -$57K-833.6% | -$6K | $0 |
| Financing Cash Flow | $1.3M-62.5% | $3.6M+38.3% | $2.6M+27.7% | $2.0M-17.7% | $2.5M-13.4% | $2.8M+128.1% | $1.2M+516.0% | -$300K |
| 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 |
RENB Financial Ratios
| Metric | Q1'25 | Q3'25 | Q3'24 | Q1'24 | Q2'24 | Q3'23 | Q2'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 40.5%+40.3pp | 0.2%+6.7pp | -6.5%+29.8pp | -36.3% | N/A | -7.8% | N/A | -5.5% |
| Current Ratio | 0.04-0.1 | 0.13+0.1 | 0.06-0.0 | 0.08+0.0 | 0.07-0.1 | 0.17-0.1 | 0.23-0.2 | 0.48 |
| Debt-to-Equity | -1.53-1.9 | 0.33-0.0 | 0.36+0.1 | 0.240.0 | 0.24-0.1 | 0.33+0.1 | 0.25+0.1 | 0.20 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$21.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Renovaro profitable?
No, Renovaro (RENB) reported a net income of -$178.0M in fiscal year 2025.
What is Renovaro's earnings per share (EPS)?
Renovaro (RENB) reported diluted earnings per share of $-1.08 for fiscal year 2025. 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 Renovaro's EBITDA?
Renovaro (RENB) had EBITDA of -$188.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Renovaro's operating cash flow?
Renovaro (RENB) generated -$7.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Renovaro's total assets?
Renovaro (RENB) had $8.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Renovaro spend on research and development?
Renovaro (RENB) invested $537K in research and development during fiscal year 2025.
How many shares does Renovaro have outstanding?
Renovaro (RENB) had 18M shares outstanding as of fiscal year 2025.
What is Renovaro's current ratio?
Renovaro (RENB) had a current ratio of 0.04 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Renovaro's debt-to-equity ratio?
Renovaro (RENB) had a debt-to-equity ratio of -1.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Renovaro's return on assets (ROA)?
Renovaro (RENB) had a return on assets of -2162.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Renovaro's cash runway?
Based on fiscal year 2025 data, Renovaro (RENB) had $93K in cash against an annual operating cash burn of $7.9M. This gives an estimated cash runway of approximately 0 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.
Why is Renovaro's debt-to-equity ratio negative or unusual?
Renovaro (RENB) has negative shareholder equity of -$21.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Renovaro's Piotroski F-Score?
Renovaro (RENB) has a Piotroski F-Score of 2 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 Renovaro's earnings high quality?
Renovaro (RENB) has an earnings quality ratio of 0.04x, 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.
Can Renovaro cover its interest payments?
Renovaro (RENB) has an interest coverage ratio of -260.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.