Vivic Financials
This page shows Vivic (VIVC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Episodic revenue bursts produced paper profits, but cash conversion lagged, leaving near-term liquidity tighter once activity faded.
Across FY2023 and FY2024, reported profit outpaced cash by a wide margin: net income summed to$4.36M while operating cash flow was-$469K . With receivables reaching$1.24M in FY2024 and cash down to$41.9K in FY2025, the business appears to have booked earnings faster than it turned them into spendable cash.
FY2024 looks more like a scale event than a settled earnings base: revenue reached
The balance sheet is not dominated by long-term borrowing, but short-term liquidity is the tighter constraint. Equity still stood at
Financial Health Signals
We are recalculating Vivic's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Vivic scores -4.95, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($693K) relative to total liabilities ($2.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Vivic passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Vivic generates $0.13 in operating cash flow (-$459K OCF vs -$3.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Vivic earns $-111.0 in operating income for every $1 of interest expense (-$3.4M vs $30K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Vivic generated $45K in revenue in fiscal year 2025. This represents a decrease of 99.3% from the prior year.
Vivic's EBITDA was -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 391.4% from the prior year.
Vivic reported -$3.4M in net income in fiscal year 2025. This represents a decrease of 220.9% from the prior year.
Vivic earned $-0.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 262.5% from the prior year.
Cash & Balance Sheet
Vivic held $42K in cash against $88K in long-term debt as of fiscal year 2025.
Vivic had 27M shares outstanding in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Margins & Returns
Vivic's gross margin was -185.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 215.4 percentage points from the prior year.
Vivic's operating margin was -7583.3% in fiscal year 2025, reflecting core business profitability. This is down 7602.7 percentage points from the prior year.
Vivic's net profit margin was -7742.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7790.8 percentage points from the prior year.
Vivic's ROE was -190.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 300.6 percentage points from the prior year.
Capital Allocation
VIVC Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44K | N/A | N/A | N/A | N/A | N/A | $44K-98.3% | $2.6M |
| Cost of Revenue | $129K | N/A | N/A | N/A | N/A | N/A | $129K-92.6% | $1.7M |
| Gross Profit | -$84K | N/A | N/A | N/A | N/A | N/A | -$84K-110.2% | $826K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $42K-19.8% | $53K-52.3% | $111K | N/A | $115K-65.0% | $329K+107.0% | $159K-58.6% | $384K |
| Operating Income | -$51K+59.7% | -$127K+66.0% | -$373K | N/A | -$945K-11.9% | -$844K-46.5% | -$576K-230.5% | $441K |
| Interest Expense | $856-33.2% | $1K-61.0% | $3K | N/A | $7K-6.8% | $7K-8.1% | $8K+24.1% | $6K |
| Income Tax | $738 | N/A | N/A | N/A | N/A | $738 | N/A | -$15K |
| Net Income | -$52K+58.9% | -$126K+66.3% | -$375K | N/A | -$951K+1.2% | -$963K-64.7% | -$585K-237.5% | $425K |
| EPS (Diluted) | $-0.00+60.0% | $-0.01+50.0% | $-0.01 | N/A | $-0.03+25.0% | $-0.04-100.0% | $-0.02-200.0% | $0.02 |
VIVC Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.7M-0.6% | $2.8M-1.5% | $2.8M-27.5% | $3.9M-15.3% | $4.6M+1.9% | $4.5M-12.7% | $5.1M+5.3% | $4.9M |
| Current Assets | $1.0M-1.5% | $1.0M+0.6% | $1.0M-22.7% | $1.3M-70.5% | $4.6M+1.9% | $4.5M-12.7% | $5.1M+121.6% | $2.3M |
| Cash & Equivalents | $14K-21.9% | $18K+104.5% | $9K-79.1% | $42K-32.0% | $62K+14.9% | $54K-74.9% | $213K-31.4% | $311K |
| Inventory | $4K | N/A | N/A | $4K+13.7% | $4K-1.2% | $4K-3.5% | $4K+2.5% | $4K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.3M+2.4% | $1.3M+0.6% | $1.3M-37.9% | $2.1M-2.0% | $2.1M+51.6% | $1.4M+18.1% | $1.2M-48.6% | $2.3M |
| Current Liabilities | $1.2M+2.5% | $1.2M+0.6% | $1.2M-39.6% | $2.0M-2.1% | $2.0M+55.1% | $1.3M+19.6% | $1.1M-34.9% | $1.7M |
| Long-Term Debt | $88K0.0% | $88K0.0% | $88K0.0% | $88K0.0% | $88K0.0% | $88K0.0% | $88K-83.3% | $524K |
| Total Equity | $1.4M-3.2% | $1.5M-3.3% | $1.5M-15.7% | $1.8M-26.7% | $2.5M-20.3% | $3.1M-21.8% | $4.0M+52.5% | $2.6M |
| Retained Earnings | -$6.3M-0.8% | -$6.2M-2.1% | -$6.1M-6.5% | -$5.7M-19.8% | -$4.8M-24.7% | -$3.8M-33.4% | -$2.9M-25.4% | -$2.3M |
VIVC Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2K+97.4% | -$68K+71.2% | -$235K-547.8% | $52K+177.4% | -$68K+78.4% | -$314K-141.6% | -$130K-380.3% | $46K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$4K-104.6% | $78K-61.0% | $201K+370.4% | -$74K-198.0% | $76K-51.0% | $155K+393.3% | $31K-85.9% | $222K |
| 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 |
VIVC Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -190.6% | N/A | N/A | N/A | N/A | N/A | -190.6%-222.7pp | 32.1% |
| Operating Margin | -115.2% | N/A | N/A | N/A | N/A | N/A | -1302.1%-1319.3pp | 17.1% |
| Net Margin | -117.1% | N/A | N/A | N/A | N/A | N/A | -1321.1%-1337.6pp | 16.5% |
| Return on Equity | -3.6%+4.9pp | -8.6%+16.1pp | -24.6% | N/A | -38.6%-7.4pp | -31.1%-16.4pp | -14.8%-31.2pp | 16.4% |
| Return on Assets | -1.9%+2.7pp | -4.6%+8.8pp | -13.4% | N/A | -20.9%+0.7pp | -21.5%-10.1pp | -11.4%-20.2pp | 8.7% |
| Current Ratio | 0.84-0.0 | 0.880.0 | 0.88+0.2 | 0.69-1.6 | 2.27-1.2 | 3.46-1.3 | 4.73+3.3 | 1.39 |
| Debt-to-Equity | 0.060.0 | 0.060.0 | 0.060.0 | 0.05+0.0 | 0.040.0 | 0.030.0 | 0.02-0.2 | 0.20 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Vivic's annual revenue?
Vivic (VIVC) reported $45K in total revenue for fiscal year 2025. This represents a -99.3% 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 Vivic's revenue growing?
Vivic (VIVC) revenue declined by 99.3% year-over-year, from $6.0M to $45K in fiscal year 2025.
Is Vivic profitable?
No, Vivic (VIVC) reported a net income of -$3.4M in fiscal year 2025, with a net profit margin of -7742.9%.
What is Vivic's EBITDA?
Vivic (VIVC) had EBITDA of -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vivic have?
As of fiscal year 2025, Vivic (VIVC) had $42K in cash and equivalents against $88K in long-term debt.
What is Vivic's gross margin?
Vivic (VIVC) had a gross margin of -185.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vivic's operating margin?
Vivic (VIVC) had an operating margin of -7583.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vivic's net profit margin?
Vivic (VIVC) had a net profit margin of -7742.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vivic's return on equity (ROE)?
Vivic (VIVC) has a return on equity of -190.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vivic's operating cash flow?
Vivic (VIVC) generated -$459K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vivic's total assets?
Vivic (VIVC) had $3.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vivic's current ratio?
Vivic (VIVC) had a current ratio of 0.69 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vivic's debt-to-equity ratio?
Vivic (VIVC) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vivic's return on assets (ROA)?
Vivic (VIVC) had a return on assets of -89.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vivic's cash runway?
Based on fiscal year 2025 data, Vivic (VIVC) had $42K in cash against an annual operating cash burn of $459K. This gives an estimated cash runway of approximately 1 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.
What is Vivic's Altman Z-Score?
Vivic (VIVC) has an Altman Z-Score of -4.95, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vivic's Piotroski F-Score?
Vivic (VIVC) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vivic's earnings high quality?
Vivic (VIVC) has an earnings quality ratio of 0.13x, 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 Vivic cover its interest payments?
Vivic (VIVC) has an interest coverage ratio of -111.0x, 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.