Vystar Corp (VYST) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VYST SEC filings page.
Vystar Corp (VYST) reported $44K in revenue over the twelve months to Jun 30, 2026, down 47.4% from the prior twelve months. This page shows its 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).
A liability-heavy balance sheet and tiny revenue base leave operations reliant on financing, even when gross margins are positive.
The latest year paired operating cash flow of-$180K with financing cash flow of$177K , showing that operations were nearly offset by financing rather than internally generated cash. Its reported liquidity comparison equaled 0.3 months of annual outflow, reinforcing that the business was not self-funded.
FY2024’s net income of
FY2025 liabilities of
Financial Health Signals
Vystar Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Vystar Corp scores -214.82, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.2M) relative to total liabilities ($7.0M). 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.
Vystar Corp passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Vystar Corp reported a net loss of $1.5M while operations used $180K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Vystar Corp reported an operating loss of $1.1M against $404K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Vystar Corp generated $8K in revenue in Q2 2026. This represents a decrease of 33.1% from the same quarter a year earlier. Against the prior quarter it is up 26.4%.
Vystar Corp's EBITDA was -$161K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.1% from the same quarter a year earlier. Against the prior quarter it is up 38.4%.
Vystar Corp reported -$225K in net income in Q2 2026. This represents an increase of 47.2% from the same quarter a year earlier. Against the prior quarter it is up 38.2%.
Vystar Corp earned -$0.01 per diluted share (EPS) in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier.
Cash & Balance Sheet
Vystar Corp held $110K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Vystar Corp's gross margin was 93.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 38.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 24.3 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
VYST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8K-33.1% | $6K-51.4% | $10K+41.2% | $20K-61.6% | $12K-69.5% | $13K-66.3% | $7K-63.1% | $53K-12.0% |
| Cost of Revenue | $479-90.8% | $2K-77.5% | $4K-50.4% | $5K-70.6% | $5K-77.2% | $8K-52.1% | $9K-83.3% | $17K+206.0% |
| Gross Profit | $7K+14.2% | $4K-0.8% | $6K+441.9% | $15K-57.3% | $6K-57.8% | $4K-78.7% | -$2K+95.0% | $36K-34.3% |
| SG&A Expenses | $6K | N/A | N/A | $647-43.3% | N/A | N/A | $137+100.3% | $1K-98.4% |
| Operating Income | -$167K+37.6% | -$277K+18.1% | -$208K+69.0% | -$247K+4.2% | -$267K-7.0% | -$338K-0.2% | -$673K+23.7% | -$258K+19.1% |
| EBITDA | -$161K+35.1% | -$262K+17.9% | -$193K+70.4% | -$231K+3.2% | -$249K-7.5% | -$319K-0.2% | -$654K+24.2% | -$239K+20.3% |
| Interest Expense | $135K-15.2% | $88K-27.0% | $100K-7.9% | $24K-74.1% | $159K+339.6% | $120K+1389.3% | $109K+474.8% | $94K+629.2% |
| Net Income | -$225K+47.2% | -$365K+32.2% | -$295K-116.8% | -$271K+22.0% | -$427K-48.5% | -$538K-48.5% | $1.8M | -$348K+48.7% |
| EPS (Basic) | -$0.01+50.0% | -$0.01+66.7% | -$0.01+80.0% | -$0.01+66.7% | -$0.020.0% | -$0.030.0% | -$0.05-66.7% | -$0.03+40.0% |
| EPS (Diluted) | -$0.01+50.0% | -$0.01 | -$0.01+80.0% | -$0.01 | -$0.020.0% | -$0.030.0% | -$0.05-66.7% | -$0.03+40.0% |
| Diluted Shares (Avg) | 25M+38.8% | 25M | N/A | 20M | 18M+33.5% | 17M+31.1% | N/A | 13M+2.7% |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
VYST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $549K+8.6% | $438K-20.3% | $452K-18.2% | $484K-17.9% | $506K-19.8% | $550K-14.7% | $553K-22.3% | $589K-91.4% |
| Current Assets | $491K+23.6% | $374K-11.4% | $374K-8.2% | $391K-8.1% | $397K-11.2% | $423K-4.6% | $407K-17.2% | $425K-59.2% |
| Cash & Equivalents | $110K+396.8% | $10K-77.1% | $4K-42.2% | $17K-40.3% | $22K-5.2% | $43K+267.5% | $8K-84.7% | $28K-39.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $58K-13.2% | $58K-17.6% | $59K-18.4% | $63K-20.1% | $67K-21.1% | $70K-16.1% | $72K+64.7% | $78K+21.8% |
| Accounts Receivable | $5K+94.6% | $859-75.1% | $338-98.4% | $6K-48.6% | $2K-90.0% | $3K-88.4% | $21K+391.5% | $11K-46.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.6M+16.2% | $7.3M+15.2% | $7.0M+19.1% | $6.7M-24.2% | $6.6M-22.9% | $6.3M-23.2% | $5.8M-26.6% | $8.8M-14.3% |
| Current Liabilities | $7.7M+16.2% | $7.3M+15.1% | $7.0M+19.7% | $6.7M-12.9% | $6.6M-1.5% | $6.4M-0.4% | $5.8M-1.3% | $7.7M+21.9% |
| Non-Current Liabilities | -$30K-0.6% | -$30K-0.6% | -$30K | -$30K-101.0% | -$30K-100.8% | -$30K-100.8% | $0-100.0% | $2.9M-26.6% |
| Total Equity | -$7.1M-16.9% | -$6.9M-18.6% | -$6.5M-23.8% | -$6.2M+24.7% | -$6.1M+23.1% | -$5.8M+23.9% | -$5.3M+27.5% | -$8.2M-112.6% |
| Retained Earnings | -$62.0M-1.9% | -$61.7M-2.2% | -$61.4M-2.6% | -$61.1M+0.8% | -$60.8M+0.7% | -$60.4M+1.0% | -$59.9M+1.3% | -$61.6M-7.6% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
VYST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$91K-66.5% | -$41K+52.3% | -$14K+29.6% | -$26K-5760.1% | -$55K-368.1% | -$86K+14.6% | -$20K+92.8% | $451-73.5% |
| Depreciation & Amortization | $5K-70.7% | $15K-21.1% | $15K-21.1% | $15K-16.9% | $19K0.0% | $19K0.0% | $19K+1.1% | $19K-1.0% |
| Stock-Based Compensation | $91K-44.3% | $183K-6.5% | N/A | $199K+38.5% | $164K+75.2% | $196K+1.9% | N/A | $144K+33.6% |
| Financing Cash Flow | $191K+475.6% | $47K-61.8% | $2K | $20K | $33K+367.4% | $122K+63.5% | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
VYST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.8%+38.9pp | 69.5%+35.5pp | 56.7%+80.1pp | 75.4%+7.6pp | 54.9%+15.2pp | 34.0%-19.7pp | -23.4% | 67.8%-22.9pp |
| Operating Margin | -2148.7% | -4503.8% | -2048.3% | -1211.6% | -2302.2% | -2670.2% | -9342.5% | -485.5% |
| Net Margin | -2900.6% | -5934.3% | -2904.9% | -1331.3% | -3674.0% | -4252.8% | 24405.6% | -655.0% |
| Return on Assets | -41.0%+43.4pp | -83.3%+14.6pp | -65.3%-382.8pp | -56.1%+2.9pp | -84.4%-38.8pp | -97.9%-41.7pp | 317.5% | -59.0%-49.1pp |
| Current Ratio | 0.060.0x | 0.050.0x | 0.050.0x | 0.060.0x | 0.060.0x | 0.070.0x | 0.070.0x | 0.06-0.1x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.020.0x | 0.040.0x | 0.020.0x | 0.020.0x | 0.010.0x | 0.09+0.1x |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.
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.
Note: Shareholder equity is negative (-$6.5M), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Vystar Corp Ranks
Frequently Asked Questions
What is Vystar Corp's annual revenue?
Vystar Corp (VYST) reported $55K in total revenue for fiscal year 2025. This represents a -59.7% 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 59.7% year-over-year, from $136K to $55K in fiscal year 2025.
Is Vystar Corp profitable?
No, Vystar Corp (VYST) reported a net income of -$1.5M in fiscal year 2025.
What is Vystar Corp's EBITDA?
Vystar Corp (VYST) had EBITDA of -$993K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vystar Corp's gross margin?
Vystar Corp (VYST) had a gross margin of 58.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vystar Corp's operating cash flow?
Vystar Corp (VYST) recorded an outflow of $180K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Vystar Corp's total assets?
Vystar Corp (VYST) had $452K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vystar Corp's current ratio?
Vystar Corp (VYST) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vystar Corp's return on assets (ROA)?
Vystar Corp (VYST) had a return on assets of -338.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vystar Corp's P/E ratio?
Vystar Corp (VYST) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $3.2M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vystar Corp's price-to-sales ratio?
Vystar Corp (VYST) trades at 71.9x sales, its market capitalization divided by revenue of $44K revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.2M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Vystar Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Vystar Corp (VYST) held $4K in cash, cash equivalents and investments, and reported an operating cash outflow of $180K 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 Vystar Corp's debt-to-equity ratio negative or not reported?
Vystar Corp (VYST) has negative shareholder equity of -$6.5M as of fiscal year 2025, 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.
What is Vystar Corp's Altman Z-Score?
Vystar Corp (VYST) has an Altman Z-Score of -214.82, 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 Vystar Corp's Piotroski F-Score?
Vystar Corp (VYST) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Vystar Corp's earnings high quality?
Vystar Corp (VYST) reported a net loss of $1.5M while operations used $180K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $1.1M against $404K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.