What is Vystar Corp's earnings per share (EPS)?

Vystar Corp (VYST) reported diluted earnings per share of $-0.12 for fiscal year 2024. This represents a -50.0% 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.

Vystar Corp Financials

VYST

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Vystar Corp (VYST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Piotroski F-Score Weak

2/9

Vystar Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.13x

For every $1 of reported earnings, Vystar Corp generates $-0.13 in operating cash flow (-$100K OCF vs $760K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-6.1x

Vystar Corp earns $-6.1 in operating income for every $1 of interest expense (-$1.5M vs $248K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$136K

YoY-74.1%

5Y CAGR-60.2%

10Y CAGR-14.5%

Vystar Corp generated $136K in revenue in fiscal year 2024. This represents a decrease of 74.1% from the prior year.

EBITDA

-$1.4M

YoY+1.5%

Vystar Corp's EBITDA was -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.5% from the prior year.

Net Income

$760K

YoY+114.5%

Vystar Corp reported $760K in net income in fiscal year 2024. This represents an increase of 114.5% from the prior year.

EPS (Diluted)

$-0.12

YoY-50.0%

Vystar Corp earned $-0.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 50.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$13K

YoY-73.4%

5Y CAGR-28.7%

10Y CAGR-15.7%

Vystar Corp held $13K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+34.4%

5Y CAGR-56.5%

10Y CAGR-12.8%

Vystar Corp had 17M shares outstanding in fiscal year 2024. This represents an increase of 34.4% from the prior year.

Margins & Returns

Gross Margin

51.2%

YoY-21.9pp

5Y CAGR+4.8pp

10Y CAGR+4.2pp

Vystar Corp's gross margin was 51.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 21.9 percentage points from the prior year.

Operating Margin

-1116.1%

YoY-823.3pp

5Y CAGR-1080.0pp

10Y CAGR-921.1pp

Vystar Corp's operating margin was -1116.1% in fiscal year 2024, reflecting core business profitability. This is down 823.3 percentage points from the prior year.

Net Margin

558.6%

YoY+1555.8pp

5Y CAGR+614.9pp

10Y CAGR+779.0pp

Vystar Corp's net profit margin was 558.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1555.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

VYST Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$136K-74.1%	$526K+351.3%	$117K-93.0%	$1.7M-92.0%	$21.0M+53.3%	$13.7M
Cost of Revenue	$66K-53.1%	$141K-72.0%	$505K-73.6%	$1.9M-80.9%	$10.0M+36.5%	$7.3M
Gross Profit	$70K-81.9%	$385K+198.9%	-$389K-60.7%	-$242K-102.2%	$11.0M+72.7%	$6.4M
R&D Expenses	N/A	$100K	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$1.5M+1.5%	-$1.5M+47.8%	-$2.9M+22.3%	-$3.8M+21.6%	-$4.8M+2.0%	-$4.9M
Interest Expense	$248K+363.5%	$53K-75.1%	$214K-27.9%	$297K-83.9%	$1.8M+32.8%	$1.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$760K+114.5%	-$5.2M-32.5%	-$4.0M-46.8%	-$2.7M+64.5%	-$7.6M+1.3%	-$7.7M
EPS (Diluted)	$-0.12-50.0%	$-0.08+70.4%	$-0.27	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$20K+75.5%	$12K-8.2%	$13K+75.8%	$7K-86.4%	$53K+39.5%	$38K+1.2%	$38K+92.9%	$20K
Cost of Revenue	$5K-4.1%	$5K-37.3%	$8K-6.0%	$9K-48.0%	$17K-25.5%	$23K+31.6%	$17K-67.2%	$53K
Gross Profit	$15K+140.8%	$6K+48.2%	$4K+355.6%	-$2K-104.7%	$36K+137.8%	$15K-25.0%	$20K+160.1%	-$34K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$247K+7.6%	-$267K+20.9%	-$338K+49.7%	-$673K-160.9%	-$258K-3.1%	-$250K+25.9%	-$337K+61.7%	-$882K
Interest Expense	$24K-84.7%	$159K+32.0%	$120K+10.4%	$109K+15.8%	$94K+160.3%	$36K+347.4%	$8K-57.4%	$19K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$271K+36.4%	-$427K+20.7%	-$538K-130.6%	$1.8M+605.2%	-$348K-21.0%	-$287K+20.7%	-$362K+89.2%	-$3.4M
EPS (Diluted)	$-0.01+50.0%	$-0.02+33.3%	$-0.03	N/A	$-0.03-50.0%	$-0.02+33.3%	$-0.03	N/A

VYST Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$553K-22.3%	$712K-93.9%	$11.6M-31.0%	$16.9M-25.6%	$22.7M+1.2%	$22.4M
Current Assets	$407K-17.2%	$492K-87.0%	$3.8M-28.6%	$5.3M-35.5%	$8.2M+59.1%	$5.2M
Cash & Equivalents	$13K-73.4%	$50K-62.9%	$136K-10.3%	$151K-75.6%	$621K+757.6%	$72K
Inventory	$72K+64.7%	$44K-52.2%	$92K+2.7%	$89K-98.6%	$6.5M+59.1%	$4.1M
Accounts Receivable	$21K+391.5%	$4K-65.0%	$12K-45.1%	$22K-90.6%	$236K+512.8%	$39K
Goodwill	N/A	N/A	N/A	$147K-68.0%	$460K0.0%	$460K
Total Liabilities	$5.8M-26.6%	$8.0M-35.6%	$12.4M-45.7%	$22.8M-22.6%	$29.4M+24.5%	$23.6M
Current Liabilities	$5.8M-1.3%	$5.9M-13.6%	$6.8M-49.6%	$13.6M-26.0%	$18.4M+54.1%	$11.9M
Long-Term Debt	N/A	N/A	N/A	$4.3M+205.0%	$1.4M+180.6%	$500K
Total Equity	-$5.3M+27.5%	-$7.2M-261.5%	-$2.0M+73.5%	-$7.6M-2.7%	-$7.4M-187.7%	-$2.6M
Retained Earnings	-$59.9M+1.3%	-$60.6M-9.5%	-$55.4M-7.7%	-$51.4M-5.5%	-$48.7M-18.5%	-$41.1M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$484K-4.3%	$506K-8.0%	$550K-0.6%	$553K-6.1%	$589K-6.5%	$630K-2.3%	$645K-9.5%	$712K
Current Assets	$391K-1.6%	$397K-6.1%	$423K+3.7%	$407K-4.1%	$425K-5.0%	$447K+0.9%	$443K-9.9%	$492K
Cash & Equivalents	$17K-25.0%	$22K-48.9%	$43K+223.3%	$13K-51.8%	$28K+19.1%	$23K+98.2%	$12K-76.6%	$50K
Inventory	$63K-6.6%	$67K-4.2%	$70K-3.2%	$72K-7.8%	$78K-7.8%	$85K+1.9%	$83K+90.1%	$44K
Accounts Receivable	$6K+148.4%	$2K-31.7%	$3K-83.5%	$21K+83.7%	$11K-51.5%	$23K-21.2%	$30K+599.5%	$4K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.7M+1.8%	$6.6M+3.7%	$6.3M+8.6%	$5.8M-33.9%	$8.8M+3.6%	$8.5M+3.3%	$8.3M+3.7%	$8.0M
Current Liabilities	$6.7M+1.8%	$6.6M+3.6%	$6.4M+9.2%	$5.8M-24.3%	$7.7M+15.1%	$6.7M+4.8%	$6.4M+8.2%	$5.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.2M-2.3%	-$6.1M-4.8%	-$5.8M-10.2%	-$5.3M+36.3%	-$8.2M-4.4%	-$7.9M-3.8%	-$7.6M-5.0%	-$7.2M
Retained Earnings	-$61.1M-0.4%	-$60.8M-0.7%	-$60.4M-0.9%	-$59.9M+2.9%	-$61.6M-0.6%	-$61.3M-0.5%	-$61.0M-0.6%	-$60.6M

VYST Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$100K+77.4%	-$443K+14.1%	-$516K+82.0%	-$2.9M-26.6%	-$2.3M-49.5%	-$1.5M
Capital Expenditures	N/A	N/A	N/A	$115K-11.4%	$130K	N/A
Free Cash Flow	N/A	N/A	N/A	-$3.0M-24.5%	-$2.4M	N/A
Investing Cash Flow	N/A	N/A	N/A	$371K+377.4%	-$134K-1306.4%	-$10K
Financing Cash Flow	$62K+126.4%	-$235K-147.0%	$500K-75.3%	$2.0M-31.3%	$2.9M+90.5%	$1.5M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$26K+53.3%	-$55K+36.4%	-$86K-328.9%	-$20K-4547.9%	$451-97.8%	$20K+120.3%	-$101K+63.9%	-$279K
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	$1K	N/A
Financing Cash Flow	$20K-39.6%	$33K-72.8%	$122K	$0	$0+100.0%	-$12K-116.6%	$74K+46.6%	$51K
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

VYST Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	51.2%-21.9pp	73.1%+406.7pp	-333.6%-319.1pp	-14.5%-66.8pp	52.3%+5.9pp	46.4%
Operating Margin	-1116.1%-823.3pp	-292.8%+2236.4pp	-2529.2%-2301.8pp	-227.4%-204.3pp	-23.1%+13.0pp	-36.1%
Net Margin	558.6%+1555.8pp	-997.2%+2399.6pp	-3396.8%-3235.1pp	-161.6%-125.3pp	-36.3%+20.0pp	-56.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	137.3%+873.4pp	-736.1%-702.1pp	-34.0%-18.0pp	-16.0%+17.6pp	-33.6%+0.8pp	-34.4%
Current Ratio	0.07-0.0	0.08-0.5	0.55+0.2	0.39-0.1	0.45+0.0	0.43
Debt-to-Equity	-1.11-0.0	-1.10+5.1	-6.16-5.6	-0.57-0.4	-0.190.0	-0.20
FCF Margin	N/A	N/A	N/A	-178.5%-167.1pp	-11.4%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	75.4%+20.4pp	54.9%+20.9pp	34.0%+57.4pp	-23.4%-91.2pp	67.8%+28.1pp	39.8%-13.9pp	53.7%+226.0pp	-172.3%
Operating Margin	-1211.6%+1090.6pp	-2302.2%+368.0pp	-2670.2%+6672.3pp	-9342.5%-8857.0pp	-485.5%+171.2pp	-656.7%+240.0pp	-896.7%+3624.4pp	-4521.1%
Net Margin	-1331.3%+2342.7pp	-3674.0%+578.9pp	-4252.8%-28658.5pp	24405.6%+25060.6pp	-655.0%+99.8pp	-754.8%+208.8pp	-963.6%+16321.3pp	-17284.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-56.1%+28.3pp	-84.4%+13.5pp	-97.9%-415.4pp	317.5%+376.5pp	-59.0%-13.4pp	-45.6%+10.6pp	-56.2%+417.0pp	-473.1%
Current Ratio	0.060.0	0.060.0	0.070.0	0.07+0.0	0.06-0.0	0.070.0	0.07-0.0	0.08
Debt-to-Equity	-1.080.0	-1.08+0.0	-1.09+0.0	-1.11-0.0	-1.070.0	-1.080.0	-1.08+0.0	-1.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$5.3M), 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 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Vystar Corp's annual revenue?

Vystar Corp (VYST) reported $136K in total revenue for fiscal year 2024. This represents a -74.1% 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 Vystar Corp's revenue growing?

Vystar Corp (VYST) revenue declined by 74.1% year-over-year, from $526K to $136K in fiscal year 2024.

Is Vystar Corp profitable?

Yes, Vystar Corp (VYST) reported a net income of $760K in fiscal year 2024, with a net profit margin of 558.6%.

What is Vystar Corp's EBITDA?

Vystar Corp (VYST) had EBITDA of -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Vystar Corp's gross margin?

Vystar Corp (VYST) had a gross margin of 51.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Vystar Corp's operating margin?

Vystar Corp (VYST) had an operating margin of -1116.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Vystar Corp's net profit margin?

Vystar Corp (VYST) had a net profit margin of 558.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Vystar Corp's operating cash flow?

Vystar Corp (VYST) generated -$100K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Vystar Corp's total assets?

Vystar Corp (VYST) had $553K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Vystar Corp have outstanding?

Vystar Corp (VYST) had 17M shares outstanding as of fiscal year 2024.

What is Vystar Corp's current ratio?

Vystar Corp (VYST) had a current ratio of 0.07 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Vystar Corp's debt-to-equity ratio?

Vystar Corp (VYST) had a debt-to-equity ratio of -1.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Vystar Corp's return on assets (ROA)?

Vystar Corp (VYST) had a return on assets of 137.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Vystar Corp's cash runway?

Based on fiscal year 2024 data, Vystar Corp (VYST) had $13K in cash against an annual operating cash burn of $100K. This gives an estimated cash runway of approximately 2 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 Vystar Corp's debt-to-equity ratio negative or unusual?

Vystar Corp (VYST) has negative shareholder equity of -$5.3M 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 Vystar Corp's Piotroski F-Score?

Vystar Corp (VYST) 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 Vystar Corp's earnings high quality?

Vystar Corp (VYST) 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 Vystar Corp cover its interest payments?

Vystar Corp (VYST) has an interest coverage ratio of -6.1x, 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.