ScanTech AI Systems Inc. Financials
This page shows ScanTech AI Systems Inc. (STAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
ScanTech AI Systems Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, ScanTech AI Systems Inc. generates $0.29 in operating cash flow (-$6.6M OCF vs -$23.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
ScanTech AI Systems Inc. earns $-0.7 in operating income for every $1 of interest expense (-$8.9M vs $12.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
ScanTech AI Systems Inc. generated $542K in revenue in fiscal year 2024.
ScanTech AI Systems Inc.'s EBITDA was -$8.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.7% from the prior year.
ScanTech AI Systems Inc. generated -$6.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 21.8% from the prior year.
ScanTech AI Systems Inc. reported -$23.1M in net income in fiscal year 2024. This represents an increase of 35.1% from the prior year.
ScanTech AI Systems Inc. earned $-0.08 per diluted share (EPS) in fiscal year 2024. This represents an increase of 60.0% from the prior year.
ScanTech AI Systems Inc. held $0 in cash against $0 in long-term debt as of fiscal year 2024.
ScanTech AI Systems Inc. had 14M shares outstanding in fiscal year 2024.
ScanTech AI Systems Inc.'s gross margin was 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
ScanTech AI Systems Inc.'s operating margin was -1644.8% in fiscal year 2024, reflecting core business profitability.
ScanTech AI Systems Inc.'s net profit margin was -4254.4% in fiscal year 2024, showing the share of revenue converted to profit.
ScanTech AI Systems Inc. invested $3.4M in research and development in fiscal year 2024. This represents an increase of 5.0% from the prior year.
ScanTech AI Systems Inc. invested $2K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 63.4% from the prior year.
STAI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Revenue | $631K-28.6% | $884K+155.4% | $346K | N/A |
| Cost of Revenue | $457K-39.7% | $757K+210.1% | $244K | N/A |
| Gross Profit | $174K+37.8% | $127K+24.3% | $102K | N/A |
| R&D Expenses | $518K-60.5% | $1.3M+28.6% | $1.0M | N/A |
| SG&A Expenses | $4.5M+67.9% | $2.7M-81.6% | $14.7M | N/A |
| Operating Income | -$4.9M-25.4% | -$3.9M+75.0% | -$15.6M | N/A |
| Interest Expense | $655K+6.8% | $613K-15.3% | $723K | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | -$9.7M-39.4% | -$6.9M+61.2% | -$17.9M | N/A |
| EPS (Diluted) | $-0.160.0% | $-0.16+79.2% | $-0.77 | N/A |
STAI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $5.1M+11.2% | $4.6M-9.3% | $5.1M+278.2% | $1.3M |
| Current Assets | $5.1M+11.5% | $4.5M-9.4% | $5.0M+295.8% | $1.3M |
| Cash & Equivalents | $158K+283.4% | $41K-94.7% | $771K+1654.7% | $44K |
| Inventory | $1.5M-15.4% | $1.8M+38.7% | $1.3M+425.8% | $250K |
| Accounts Receivable | $287K | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $46.4M+3.0% | $45.1M-18.9% | $55.6M-58.5% | $133.8M |
| Current Liabilities | $28.7M+4.9% | $27.4M-27.7% | $37.8M-71.7% | $133.8M |
| Long-Term Debt | $17.7M0.0% | $17.7M0.0% | $17.7M | N/A |
| Total Equity | -$41.3M-2.0% | -$40.5M+19.8% | -$50.5M+61.9% | -$132.5M |
| Retained Earnings | -$219.0M-4.6% | -$209.3M-3.4% | -$202.4M-27.1% | -$159.2M |
STAI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | -$758K+48.0% | -$1.5M+32.2% | -$2.2M | N/A |
| Capital Expenditures | $0-100.0% | $9K+29.6% | $7K | N/A |
| Free Cash Flow | -$758K+48.3% | -$1.5M+32.0% | -$2.2M | N/A |
| Investing Cash Flow | $0+100.0% | -$9K-29.6% | -$7K | N/A |
| Financing Cash Flow | $875K+18.7% | $737K-74.7% | $2.9M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
STAI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | 27.6%+13.3pp | 14.3%-15.1pp | 29.4% | N/A |
| Operating Margin | -773.2%-333.1pp | -440.1%+4063.9pp | -4503.9% | N/A |
| Net Margin | -1532.9%-747.8pp | -785.1%+4389.1pp | -5174.2% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | -188.0%-38.0pp | -149.9%+201.0pp | -350.9% | N/A |
| Current Ratio | 0.18+0.0 | 0.17+0.0 | 0.13+0.1 | 0.01 |
| Debt-to-Equity | -0.430.0 | -0.44-0.1 | -0.35+0.7 | -1.01 |
| FCF Margin | -120.2%+45.8pp | -166.0%+457.8pp | -623.8% | N/A |
Note: Shareholder equity is negative (-$155.6M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is ScanTech AI Systems Inc.'s annual revenue?
ScanTech AI Systems Inc. (STAI) reported $542K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is ScanTech AI Systems Inc. profitable?
No, ScanTech AI Systems Inc. (STAI) reported a net income of -$23.1M in fiscal year 2024, with a net profit margin of -4254.4%.
What is ScanTech AI Systems Inc.'s earnings per share (EPS)?
ScanTech AI Systems Inc. (STAI) reported diluted earnings per share of $-0.08 for fiscal year 2024. This represents a 60.0% change compared to the previous fiscal year. 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 ScanTech AI Systems Inc.'s EBITDA?
ScanTech AI Systems Inc. (STAI) had EBITDA of -$8.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is ScanTech AI Systems Inc.'s gross margin?
ScanTech AI Systems Inc. (STAI) had a gross margin of 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is ScanTech AI Systems Inc.'s operating margin?
ScanTech AI Systems Inc. (STAI) had an operating margin of -1644.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is ScanTech AI Systems Inc.'s net profit margin?
ScanTech AI Systems Inc. (STAI) had a net profit margin of -4254.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is ScanTech AI Systems Inc.'s free cash flow?
ScanTech AI Systems Inc. (STAI) generated -$6.6M in free cash flow during fiscal year 2024. This represents a -21.8% 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 ScanTech AI Systems Inc.'s operating cash flow?
ScanTech AI Systems Inc. (STAI) generated -$6.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are ScanTech AI Systems Inc.'s total assets?
ScanTech AI Systems Inc. (STAI) had $2.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are ScanTech AI Systems Inc.'s capital expenditures?
ScanTech AI Systems Inc. (STAI) invested $2K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does ScanTech AI Systems Inc. spend on research and development?
ScanTech AI Systems Inc. (STAI) invested $3.4M in research and development during fiscal year 2024.
How many shares does ScanTech AI Systems Inc. have outstanding?
ScanTech AI Systems Inc. (STAI) had 14M shares outstanding as of fiscal year 2024.
What is ScanTech AI Systems Inc.'s current ratio?
ScanTech AI Systems Inc. (STAI) had a current ratio of 0.01 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is ScanTech AI Systems Inc.'s debt-to-equity ratio?
ScanTech AI Systems Inc. (STAI) had a debt-to-equity ratio of -1.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ScanTech AI Systems Inc.'s return on assets (ROA)?
ScanTech AI Systems Inc. (STAI) had a return on assets of -1071.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is ScanTech AI Systems Inc.'s cash runway?
Based on fiscal year 2024 data, ScanTech AI Systems Inc. (STAI) had $0 in cash against an annual operating cash burn of $6.6M. 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 ScanTech AI Systems Inc.'s debt-to-equity ratio negative or unusual?
ScanTech AI Systems Inc. (STAI) has negative shareholder equity of -$155.6M as of fiscal year 2024, 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 ScanTech AI Systems Inc.'s Piotroski F-Score?
ScanTech AI Systems Inc. (STAI) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ScanTech AI Systems Inc.'s earnings high quality?
ScanTech AI Systems Inc. (STAI) has an earnings quality ratio of 0.29x, 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 ScanTech AI Systems Inc. cover its interest payments?
ScanTech AI Systems Inc. (STAI) has an interest coverage ratio of -0.7x, 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.