ScanTech AI Systems Inc. Financials
ScanTech AI Systems Inc. (STAI) reported $542K in revenue for fiscal year 2024. This page shows its 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 rather than sales is funding a development-stage operating model whose costs still dwarf current revenue.
In FY2024, operating cash use of-$6.6M was almost entirely offset by financing inflows of$6.3M , yet the company finished with$0 cash and a current ratio of only 0.013x. That combination says the business is not just unprofitable; it is functionally dependent on fresh capital to bridge day-to-day obligations.
FY2024 gross profit was only
Free cash flow of
Financial Health Signals
ScanTech AI Systems Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
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.
Not reported for fiscal year 2024.
Cash & Balance Sheet
ScanTech AI Systems Inc. recorded an outflow of $6.6M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 21.8% from the prior year.
ScanTech AI Systems Inc. held $0 in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for 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.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
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.
Not reported for fiscal year 2024.
STAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 | -$0.77-122.7% | $3.39+300.6% | -$1.69-284.1% | -$0.44+67.2% | -$1.34 | N/A |
Not reported in any period shown, so not listed: Income Tax.
STAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Goodwill.
STAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
STAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| 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% | -440.1% | -4503.9% | N/A | N/A | -425.8% | N/A | N/A |
| Net Margin | -1532.9% | -785.1% | -5174.2% | N/A | N/A | -1093.0% | 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 | 0.180.0x | 0.170.0x | 0.13+0.1x | 0.01 | N/A | N/A | N/A | 0.01 |
| FCF Margin | -120.2% | -166.0% | -623.8% | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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: Operating Margin, Net Margin, FCF Margin.
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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Where ScanTech AI Systems Inc. Ranks
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 free cash flow?
ScanTech AI Systems Inc. (STAI) recorded an outflow of $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) recorded an outflow of $6.6M in operating cash flow during fiscal year 2024, representing cash used by 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.
How does ScanTech AI Systems Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, ScanTech AI Systems Inc. (STAI) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $6.6M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is ScanTech AI Systems Inc.'s debt-to-equity ratio negative or not reported?
ScanTech AI Systems Inc. (STAI) has negative shareholder equity of -$155.6M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.