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).
External financing is carrying the business while commercial scale remains small relative to its operating footprint.
Across FY2023 and FY2024, operating cash burn widened from-$5.4M to-$6.6M and was matched mainly by financing inflows of$5.7M and$6.3M , yet year-end cash still slipped from$44K to$0 . That combination shows the core issue is not just accounting losses: outside capital is funding routine operations, and the business is ending each year with virtually no liquidity buffer.
FY2024 revenue of
The balance sheet strain is intensified by working-capital mix: FY2024 had just
Financial Health Signals
Based on FY2024 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 ScanTech AI Systems 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.
ScanTech AI Systems Inc. has an operating margin of -1644.8%, meaning the company retains $-1645 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.
ScanTech AI Systems Inc.'s current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While ScanTech AI Systems Inc. generated -$6.6M in operating cash flow, capex of $2K consumed most of it, leaving -$6.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Key Financial Metrics
Earnings & Revenue
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.
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.
Cash & Balance Sheet
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. 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.
Margins & Returns
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.
Capital Allocation
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 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $631K-28.6% | $884K+155.4% | $346K | N/A | N/A | $522K | N/A | N/A |
| Cost of Revenue | $457K-39.7% | $757K+210.1% | $244K | N/A | N/A | $448K | N/A | N/A |
| Gross Profit | $174K+37.8% | $127K+24.3% | $102K | N/A | N/A | $74K | N/A | N/A |
| R&D Expenses | $518K-60.5% | $1.3M+28.6% | $1.0M | N/A | $815K-10.9% | $915K+4.5% | $875K | N/A |
| SG&A Expenses | $4.5M+67.9% | $2.7M-81.6% | $14.7M | N/A | $1.4M+0.3% | $1.4M+23.8% | $1.1M | N/A |
| Operating Income | -$4.9M-25.4% | -$3.9M+75.0% | -$15.6M | N/A | -$2.2M+1.0% | -$2.2M-11.5% | -$2.0M | N/A |
| Interest Expense | $655K+6.8% | $613K-15.3% | $723K | N/A | $3.2M+8.9% | $3.0M+3.9% | $2.9M | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$9.7M-39.4% | -$6.9M+61.2% | -$17.9M | N/A | -$23.4M-310.6% | -$5.7M+69.0% | -$18.4M | N/A |
| EPS (Diluted) | $-0.160.0% | $-0.16+79.2% | $-0.77 | N/A | $-1.69-284.1% | $-0.44+67.2% | $-1.34 | N/A |
STAI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1M+11.2% | $4.6M-9.3% | $5.1M+137.0% | $2.2M | N/A | N/A | N/A | $1.3M |
| Current Assets | $5.1M+11.5% | $4.5M-9.4% | $5.0M+142.9% | $2.1M | N/A | N/A | N/A | $1.3M |
| Cash & Equivalents | $158K+283.4% | $41K-94.7% | $771K | $0-100.0% | $181K+61.7% | $112K+2228.8% | $5K-89.0% | $44K |
| Inventory | $1.5M-15.4% | $1.8M+38.7% | $1.3M-7.9% | $1.4M | N/A | N/A | N/A | $250K |
| Accounts Receivable | N/A | N/A | N/A | $287K | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $46.4M+3.0% | $45.1M-18.9% | $55.6M-64.8% | $157.7M | N/A | N/A | N/A | $133.8M |
| Current Liabilities | $28.7M+4.9% | $27.4M-27.7% | $37.8M-76.0% | $157.7M | N/A | N/A | N/A | $133.8M |
| Long-Term Debt | $17.7M0.0% | $17.7M0.0% | $17.7M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$41.3M-2.0% | -$40.5M+19.8% | -$50.5M+67.6% | -$155.6M | N/A | N/A | N/A | -$132.5M |
| Retained Earnings | -$219.0M-4.6% | -$209.3M-3.4% | -$202.4M-9.7% | -$184.5M | N/A | N/A | N/A | -$159.2M |
STAI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$758K+48.0% | -$1.5M+32.2% | -$2.2M-45.7% | -$1.5M+30.5% | -$2.1M-27.3% | -$1.7M-23.5% | -$1.4M | N/A |
| Capital Expenditures | $0-100.0% | $9K+29.6% | $7K+754.1% | $813 | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$758K+48.3% | -$1.5M+32.0% | -$2.2M-46.1% | -$1.5M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0+100.0% | -$9K-29.6% | -$7K-754.1% | -$813 | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $875K+18.7% | $737K-74.7% | $2.9M+120.5% | $1.3M-39.9% | $2.2M+23.6% | $1.8M+73.6% | $1.0M | N/A |
| 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 |
STAI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.6%+13.3pp | 14.3%-15.1pp | 29.4% | N/A | N/A | 14.2% | N/A | N/A |
| Operating Margin | -773.2%-333.1pp | -440.1%+4063.9pp | -4503.9% | N/A | N/A | -425.8% | N/A | N/A |
| Net Margin | -1532.9%-747.8pp | -785.1%+4389.1pp | -5174.2% | N/A | N/A | -1093.0% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -188.0%-38.0pp | -149.9%+201.0pp | -350.9% | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.18+0.0 | 0.17+0.0 | 0.13+0.1 | 0.01 | N/A | N/A | N/A | 0.01 |
| Debt-to-Equity | -0.430.0 | -0.44-0.1 | -0.35+0.7 | -1.01 | N/A | N/A | N/A | -1.01 |
| FCF Margin | -120.2%+45.8pp | -166.0%+457.8pp | -623.8% | N/A | N/A | N/A | N/A | 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.
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 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.
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 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.
How financially healthy is ScanTech AI Systems Inc.?
ScanTech AI Systems Inc. (STAI) scores 0 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.