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Ainos (AIMD) Financials

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$1.65 +0.06 (+4.03%)
As of 11:24 AM Eastern
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Annual Income Statements for Ainos

Annual Income Statements for Ainos

This table shows Ainos' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.52 -0.67 -1.23 -1.34 -1.58 -1.45 -3.89 -14 -14 -15 -15
Consolidated Net Income / (Loss)		 -0.52 -0.67 -1.23 -1.34 -1.58 -1.45 -3.89 -14 -14 -15 -15
Net Income / (Loss) Continuing Operations		 -0.52 -0.67 -1.23 -1.34 -1.58 -1.45 -3.89 -14 -14 -15 -15
Total Pre-Tax Income 		-0.52 -0.67 -1.23 -1.34 -1.58 -1.45 -3.89 -14 -14 -15 -15
Total Operating Income		 -0.52 -0.67 -1.16 -1.33 -1.58 -1.44 -3.87 -14 -13 -14 -14
Total Gross Profit		 0.00 0.00 0.38 0.01 0.00 0.01 0.41 1.41 -0.25 -0.03 0.10
Total Revenue		 0.00 0.00 0.50 0.08 0.01 0.02 0.59 3.52 0.12 0.02 0.12
Operating Revenue		 0.00 0.00 0.50 0.08 0.01 0.02 0.59 3.52 0.12 0.02 0.12
Total Cost of Revenue		 0.00 0.00 0.12 0.06 0.01 0.01 0.18 2.11 0.38 0.05 0.02
Operating Cost of Revenue		 0.00 0.00 0.12 0.06 0.01 0.01 0.18 2.11 0.38 0.05 0.02
Total Operating Expenses		 0.52 0.67 1.54 1.35 1.58 1.45 4.28 15 13 14 14
Selling, General & Admin Expense		 0.52 0.67 1.54 1.31 1.53 1.45 2.36 8.54 5.64 5.40 6.34
Research & Development Expense		 0.00 0.00 0.00 0.03 0.05 0.00 1.92 6.85 7.32 8.41 7.75
Total Other Income / (Expense), net		 -0.00 -0.00 -0.08 -0.00 -0.00 -0.01 -0.02 -0.03 -0.56 -1.02 -0.78
Interest Expense		 0.00 0.00 0.08 - - 0.01 0.02 0.05 0.14 0.62 0.71
Other Income / (Expense), net		 - - - - - -0.00 - 0.02 -0.42 -0.40 -0.07
Income Tax Expense		 - - - - - - - 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.03) ($0.03) ($0.03) ($0.04) ($0.04) ($0.04) - ($5.14) ($3.36) ($7.82) ($3.46)
Weighted Average Basic Shares Outstanding		 20.14M 20.14M 22.66M 35.64M 39.90M 40.73M 113.27M 2.73M 4.10M 1.90M 4.27M
Diluted Earnings per Share		 ($0.03) ($0.03) ($0.03) ($0.04) ($0.04) ($0.04) - ($5.14) ($3.36) ($7.82) ($3.46)
Weighted Average Diluted Shares Outstanding		 20.14M 20.14M 22.66M 35.64M 39.90M 40.73M 113.27M 2.73M 4.10M 1.90M 4.27M
Weighted Average Basic & Diluted Shares Outstanding		 20.14M 20.14M 22.66M 35.64M 39.90M 40.73M 113.27M 2.73M 4.10M 15.43M 7.27M

Quarterly Income Statements for Ainos

This table shows Ainos' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Consolidated Net Income / (Loss)		 -2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Net Income / (Loss) Continuing Operations		 -2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Total Pre-Tax Income 		-2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Total Operating Income		 -2.68 -5.70 -3.12 -3.05 -3.04 -4.63 -3.16 -3.75 -2.78 -4.30 -2.28
Total Gross Profit		 -0.06 -0.11 -0.01 -0.03 -0.00 0.00 0.09 0.00 0.00 0.01 -0.00
Total Revenue		 0.02 0.02 0.02 0.00 0.00 - 0.11 0.00 0.00 0.01 0.00
Operating Revenue		 0.02 0.02 0.02 0.00 0.00 - 0.11 0.00 0.00 0.01 0.00
Total Cost of Revenue		 0.09 0.13 0.03 0.03 0.00 -0.00 0.02 0.00 0.00 0.00 0.00
Operating Cost of Revenue		 0.09 0.13 0.03 0.03 0.00 -0.00 0.02 0.00 0.00 0.00 0.00
Total Operating Expenses		 2.61 5.59 3.11 3.02 3.04 4.63 3.25 3.75 2.79 4.31 2.28
Selling, General & Admin Expense		 0.90 3.35 1.03 1.04 1.02 2.31 1.53 1.84 0.80 2.18 0.59
Research & Development Expense		 1.71 2.24 2.08 1.98 2.02 2.33 1.72 1.91 1.99 2.12 1.69
Total Other Income / (Expense), net		 -0.30 -0.22 -0.19 -0.15 -0.66 -0.02 -0.12 -0.34 -0.15 -0.17 -0.18
Interest Expense		 0.04 - 0.05 0.12 0.26 0.18 0.18 0.18 0.18 0.18 0.18
Other Income / (Expense), net		 -0.26 -0.13 -0.15 -0.03 -0.40 0.16 0.06 -0.16 0.03 0.01 0.00
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.73) ($1.45) ($0.57) ($2.45) ($1.64) ($2.45) ($1.04) ($0.99) ($0.64) ($1.05) ($0.41)
Weighted Average Basic Shares Outstanding		 4.06M 4.10M 5.77M 1.30M 2.26M 1.90M 3.17M 4.12M 4.55M 4.27M 6.03M
Diluted Earnings per Share		 ($0.73) ($1.45) ($0.57) ($2.45) ($1.64) ($2.45) ($1.04) ($0.99) ($0.64) ($1.05) ($0.41)
Weighted Average Diluted Shares Outstanding		 4.06M 4.10M 5.77M 1.30M 2.26M 1.90M 3.17M 4.12M 4.55M 4.27M 6.03M
Weighted Average Basic & Diluted Shares Outstanding		 20.29M 4.10M 6.28M 7.66M 13.84M 15.43M 20.76M 4.66M 4.81M 7.27M 8.52M

Annual Cash Flow Statements for Ainos

This table details how cash moves in and out of Ainos' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.30 0.11 3.81 -0.76 -0.87 -0.39 1.73 0.10 0.03 2.01 -3.48
Net Cash From Operating Activities		 -0.37 -0.52 -0.97 -1.01 -0.91 -0.50 -1.25 -3.04 -4.69 -5.81 -4.61
Net Cash From Continuing Operating Activities		 -0.37 -0.52 -1.33 -1.01 -0.91 -0.50 6.37 -3.28 -4.69 -5.81 -4.61
Net Income / (Loss) Continuing Operations		 -0.52 -0.67 -1.85 -1.34 -1.58 -1.45 3.89 -14 -14 -15 -15
Consolidated Net Income / (Loss)		 -0.52 -0.67 -1.85 -1.34 -1.58 -1.45 3.89 -14 -14 -15 -15
Depreciation Expense		 0.02 0.03 0.12 0.06 0.02 0.01 2.04 4.83 4.87 4.80 4.78
Non-Cash Adjustments To Reconcile Net Income		 - 0.00 0.35 0.13 0.40 0.52 -0.01 6.42 4.11 3.94 4.65
Changes in Operating Assets and Liabilities, net		 0.14 0.12 -0.03 0.14 0.25 0.41 0.44 -0.53 0.10 0.31 0.73
Net Cash From Investing Activities		 -0.01 -0.15 -0.10 -0.01 -0.01 -0.01 -0.18 -0.63 -0.10 -0.13 -0.00
Net Cash From Continuing Investing Activities		 -0.01 -0.15 -0.10 -0.01 -0.01 -0.01 -0.18 -0.63 -0.10 -0.13 -0.00
Purchase of Property, Plant & Equipment		 -0.01 -0.05 0.00 -0.00 -0.00 0.00 -0.14 -0.63 -0.09 -0.02 -0.03
Other Investing Activities, net		 - - - - - -0.01 -0.04 - -0.01 -0.10 0.03
Net Cash From Financing Activities		 0.08 0.78 4.88 0.25 0.05 0.12 3.15 3.85 4.92 8.03 1.01
Net Cash From Continuing Financing Activities		 0.08 0.78 4.88 0.25 0.05 0.12 3.17 3.98 4.92 8.03 1.01
Repayment of Debt		 - - 0.00 -0.20 -0.07 - 0.00 0.00 -1.08 -1.85 -1.00
Issuance of Debt		 0.00 0.19 1.55 0.05 0.00 - 3.11 2.20 6.00 9.88 0.00
Issuance of Common Equity		 0.00 0.33 0.29 0.40 0.13 0.00 - 1.78 - 0.00 2.01
Other Financing Activities, net		 0.08 0.26 3.03 0.00 - 0.12 0.06 - - 0.00 -0.00
Effect of Exchange Rate Changes		 - - - - - 0.00 0.01 - -0.10 -0.08 0.13
Cash Interest Paid		 0.00 0.00 0.06 0.00 0.00 0.00 0.02 0.04 0.02 0.02 0.00
Cash Income Taxes Paid		 0.00 0.00 0.00 0.00 - - - - 0.00 0.00 0.00

Quarterly Cash Flow Statements for Ainos

This table details how cash moves in and out of Ainos' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.01 -0.49 -0.85 6.98 -2.86 -1.26 -1.26 -1.41 -0.09 -0.71 2.42
Net Cash From Operating Activities		 -0.74 -1.37 -1.49 -1.97 -1.48 -0.86 -1.22 -1.35 -1.18 -0.86 -0.98
Net Cash From Continuing Operating Activities		 -0.74 -1.37 -1.49 -1.97 -1.48 -0.86 -1.22 -1.35 -1.18 -0.86 -0.98
Net Income / (Loss) Continuing Operations		 -2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Consolidated Net Income / (Loss)		 -2.98 -5.92 -3.31 -3.20 -3.70 -4.65 -3.29 -4.08 -2.93 -4.47 -2.46
Depreciation Expense		 1.23 1.22 1.20 1.20 1.21 1.19 1.18 1.19 1.21 1.20 1.17
Non-Cash Adjustments To Reconcile Net Income		 0.65 3.04 0.56 0.42 0.64 2.31 0.92 1.40 0.42 1.91 0.00
Changes in Operating Assets and Liabilities, net		 0.35 0.29 0.05 -0.40 0.37 0.29 -0.03 0.14 0.12 0.50 0.30
Net Cash From Investing Activities		 -0.05 0.02 -0.11 -0.01 -0.02 0.01 -0.02 0.00 0.00 0.01 -0.00
Net Cash From Continuing Investing Activities		 -0.05 0.02 -0.11 -0.01 -0.02 0.01 -0.02 0.00 0.00 0.01 -0.00
Purchase of Property, Plant & Equipment		 -0.04 0.01 -0.00 -0.01 -0.01 -0.00 -0.03 0.01 -0.01 0.00 -0.01
Other Investing Activities, net		 -0.01 0.00 -0.11 -0.00 -0.01 0.01 0.01 -0.01 0.02 0.01 0.01
Net Cash From Financing Activities		 1.84 0.90 0.78 9.00 -1.48 -0.27 0.01 -0.30 1.13 0.16 3.41
Net Cash From Continuing Financing Activities		 1.84 0.90 0.78 9.00 -1.48 -0.27 0.01 -0.30 1.13 0.16 3.41
Repayment of Debt		 -0.66 -0.10 -0.10 - -1.48 -0.27 0.00 -1.00 - - 2.81
Issuance of Common Equity		 - - 0.00 - - - 0.01 0.70 1.13 0.16 0.60
Effect of Exchange Rate Changes		 -0.04 -0.03 -0.03 -0.03 0.12 -0.14 -0.03 0.24 -0.05 -0.02 -0.01

Annual Balance Sheets for Ainos

This table presents Ainos' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.12 0.46 6.88 1.46 0.60 0.26 41 37 32 29 21
Total Current Assets		 0.04 0.26 8.34 1.30 0.45 0.08 2.22 2.85 2.47 4.34 1.14
Cash & Equivalents		 0.02 0.13 8.15 1.28 0.41 0.02 1.75 1.85 1.89 3.89 0.42
Accounts Receivable		 0.00 0.04 - - - - 0.00 0.20 0.00 0.00 0.00
Inventories, net		 0.00 0.01 0.09 0.00 0.00 - 0.00 0.60 0.17 0.14 0.30
Other Current Assets		 - - - - - 0.05 0.47 - 0.42 0.30 0.43
Plant, Property, & Equipment, net		 0.01 0.04 0.11 0.01 0.01 0.00 1.19 1.38 0.88 0.56 0.34
Total Noncurrent Assets		 0.07 0.16 -1.56 0.15 0.15 0.18 37 33 28 24 19
Intangible Assets		 0.07 0.16 0.73 0.15 0.15 0.18 37 33 28 24 19
Other Noncurrent Operating Assets		 - - -2.29 - - 0.00 0.09 0.08 0.21 0.17 0.16
Total Liabilities & Shareholders' Equity		 0.12 0.46 4.59 1.46 0.60 0.26 41 37 32 29 21
Total Liabilities		 0.59 1.27 3.65 0.73 0.75 1.10 31 2.48 7.39 13 13
Total Current Liabilities		 0.59 1.27 3.65 0.73 0.75 1.10 31 2.47 1.34 3.95 1.08
Short-Term Debt		 0.38 - - - 0.44 - - 0.38 0.04 3.00 0.00
Accrued Expenses		 0.00 - - - - 0.15 1.00 1.21 1.18 0.85 0.73
Other Current Liabilities		 0.00 0.98 3.33 0.62 0.10 0.95 3.59 0.88 0.11 - 0.35
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.01 6.06 9.35 12
Long-Term Debt		 - - - - - - - 0.00 3.27 9.00 11
Other Noncurrent Operating Liabilities		 - - - - - 0.00 0.03 0.01 2.79 0.35 1.23
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -0.47 -0.81 0.94 0.73 -0.16 -0.84 10 35 24 16 7.56
Total Preferred & Common Equity		 -0.47 -0.81 0.94 0.73 -0.16 -0.84 10 35 24 16 7.56
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -0.47 -0.81 0.94 0.73 -0.16 -0.84 10 35 24 16 7.56
Common Stock		 0.12 0.46 4.71 3.92 4.61 5.38 20 59 63 69 77
Retained Earnings		 -0.60 -1.27 -3.77 -3.19 -4.77 -6.22 -10 -24 -38 -53 -68
Treasury Stock		 - - - - - - - - - 0.00 -1.97
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - - -0.20 -0.27 -0.41 -0.25

Quarterly Balance Sheets for Ainos

This table presents Ainos' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 34 30 36 31 26 24 23 22
Total Current Assets		 3.04 1.51 8.47 5.65 3.05 1.73 1.72 3.52
Cash & Equivalents		 2.37 1.03 8.01 5.16 2.63 1.22 1.13 2.84
Accounts Receivable		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventories, net		 0.22 0.17 0.17 0.16 0.14 0.16 0.17 0.32
Other Current Assets		 - 0.30 0.29 0.33 0.28 0.35 0.43 0.36
Plant, Property, & Equipment, net		 1.16 0.77 0.69 0.65 0.49 0.50 0.41 0.29
Total Noncurrent Assets		 30 27 26 25 23 22 21 18
Intangible Assets		 29 27 26 25 23 22 20 18
Other Noncurrent Operating Assets		 0.24 0.32 0.35 0.18 0.17 0.19 0.18 0.16
Total Liabilities & Shareholders' Equity		 34 30 36 31 26 24 23 22
Total Liabilities		 6.18 7.08 15 13 13 12 13 16
Total Current Liabilities		 0.82 4.71 5.74 4.13 1.52 0.60 0.58 6.35
Short-Term Debt		 0.00 3.31 3.31 3.27 1.00 0.00 0.00 4.81
Accrued Expenses		 0.67 1.29 0.74 0.75 0.52 0.60 0.58 1.18
Current Deferred Revenue		 - - - 0.11 - - - 0.35
Total Noncurrent Liabilities		 5.36 2.37 9.08 9.22 12 12 12 10
Long-Term Debt		 5.27 0.00 9.00 9.00 11 11 11 9.00
Other Noncurrent Operating Liabilities		 0.09 2.37 0.08 0.22 0.71 0.88 1.05 1.04
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 28 23 21 18 13 11 10 5.69
Total Preferred & Common Equity		 28 23 21 18 13 11 10 5.69
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 28 23 21 18 13 11 10 5.69
Common Stock		 60 64 65 66 70 72 73 78
Retained Earnings		 -32 -41 -44 -48 -56 -60 -63 -70
Treasury Stock		 - - - - - - - -1.97
Accumulated Other Comprehensive Income / (Loss)		 - -0.34 -0.38 -0.24 -0.45 -0.15 -0.21 -0.26

Annual Metrics And Ratios for Ainos

This table displays calculated financial ratios and metrics derived from Ainos' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 73,554,897.00 21,394,810.00 23,156,563.00 37,417,524.00 40,216,351.00 41,016,351.00 284,884,430.00 20,011,602.00 40,585,248.00 13,838,826.00 4,812,634.00
DEI Adjusted Shares Outstanding		 2,942,196.00 855,792.00 926,263.00 1,496,701.00 1,608,654.00 1,640,654.00 11,395,377.00 800,464.00 1,623,410.00 2,767,765.00 4,812,634.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.18 -0.78 -1.33 -0.89 -0.98 -0.88 -0.34 -17.50 -8.48 -5.37 -3.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% -84.51% -84.91% 41.19% 3,489.71% 491.97% -96.53% -83.02% 498.95%
EBITDA Growth		 0.00% -28.22% -48.94% -33.88% -21.88% 8.50% -27.86% -400.27% 4.00% -7.88% 1.76%
EBIT Growth		 0.00% -28.33% -73.81% -15.11% -18.41% 8.86% -168.49% -260.79% 2.35% -4.55% 1.32%
NOPAT Growth		 0.00% -28.33% -73.81% -15.11% -18.41% 8.86% -168.49% -261.38% 5.51% -4.81% -1.08%
Net Income Growth		 0.00% -28.38% -84.30% -8.41% -18.13% 8.26% -168.07% -260.19% 1.69% -7.93% 0.62%
EPS Growth		 0.00% 0.00% 0.00% -33.33% 0.00% 0.00% 0.00% 0.00% 34.63% -7.93% 55.75%
Operating Cash Flow Growth		 0.00% -42.14% -86.08% -4.13% 9.88% 45.07% -150.22% -143.26% -54.39% -23.72% 20.55%
Free Cash Flow Firm Growth		 0.00% 0.00% 758.12% -267.80% 71.13% 82.44% -4,367.23% -187.09% 94.30% -278.10% 41.99%
Invested Capital Growth		 0.00% -769.07% -420.87% 88.88% 77.84% -610.35% 1,081.45% 292.53% -21.95% -8.70% -23.19%
Revenue Q/Q Growth		 0.00% 0.00% -33.22% 220.55% 111.97% -8.69% 4.52% 40.34% -89.29% -48.98% 9.84%
EBITDA Q/Q Growth		 0.00% -2.22% -62.12% 41.67% -34.75% -4.29% 36.59% -3.50% -73.83% 12.41% 2.00%
EBIT Q/Q Growth		 0.00% -6.36% -96.84% 39.11% -36.67% -5.37% -34.53% -5.03% -37.42% 8.74% 1.25%
NOPAT Q/Q Growth		 0.00% -6.36% -96.84% 39.11% -36.67% -5.37% -34.53% -5.20% -37.11% 7.16% 2.34%
Net Income Q/Q Growth		 0.00% -6.36% -96.44% 28.76% -4.74% -5.71% -34.44% -5.15% -38.02% 7.87% 1.24%
EPS Q/Q Growth		 0.00% 0.00% -50.00% 0.00% 0.00% 20.00% 0.00% -5.15% -36.59% 7.87% -5.49%
Operating Cash Flow Q/Q Growth		 0.00% 26.05% -243.24% 31.72% 16.65% -33.18% -51.75% 1.96% -19.10% 8.05% 0.20%
Free Cash Flow Firm Q/Q Growth		 100.00% 228.87% 6,536.93% -128.22% -107.17% 46.25% 37.83% -22.65% 4.17% -49.01% 10.28%
Invested Capital Q/Q Growth		 3.51% -42.25% -337.61% -63.85% 69.99% -0.03% -48.66% -6.01% -15.39% -6.02% -8.89%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 75.96% 16.53% 25.22% 31.91% 69.02% 39.93% -207.79% -153.73% 82.89%
EBITDA Margin		 0.00% 0.00% -190.28% -1,644.90% -13,282.52% -8,607.98% -306.61% -259.11% -7,169.24% -45,560.22% -7,472.92%
Operating Margin		 0.00% 0.00% -231.05% -1,717.20% -13,472.11% -8,696.70% -650.47% -397.09% -10,814.99% -66,772.17% -11,268.32%
EBIT Margin		 0.00% 0.00% -231.05% -1,717.20% -13,472.11% -8,696.72% -650.47% -396.44% -11,158.24% -68,724.46% -11,323.01%
Profit (Net Income) Margin		 0.00% 0.00% -246.04% -1,722.30% -13,479.65% -8,758.21% -654.04% -397.96% -11,276.98% -71,702.26% -11,897.04%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.07% 100.00% 100.01% 100.01% 100.01%
Interest Burden Percent		 100.39% 100.43% 106.49% 100.30% 100.06% 100.71% 100.48% 100.38% 101.06% 104.33% 105.06%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -71.38% -47.04% -31.32% -39.15% -46.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 61.83% 214.60% 17,906.50% -147.70% -100.16%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -11.72% -15.46% -15.30% -35.23% -81.11%
Return on Equity (ROE)		 221.11% 104.53% -1,875.22% -160.16% -551.55% 291.59% -83.10% -62.49% -46.62% -74.38% -128.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -142.24% -165.82% -6.67% -30.06% -20.66%
Operating Return on Assets (OROA)		 0.00% 0.00% -31.58% -31.99% -153.41% -336.19% -18.83% -35.81% -39.52% -46.97% -56.58%
Return on Assets (ROA)		 0.00% 0.00% -33.63% -32.08% -153.50% -338.57% -18.93% -35.95% -39.94% -49.00% -59.45%
Return on Common Equity (ROCE)		 221.11% 104.53% -1,875.22% -160.16% -551.55% 291.59% -83.10% -62.49% -46.62% -74.38% -128.00%
Return on Equity Simple (ROE_SIMPLE)		 110.56% 82.72% -131.13% -183.36% 1,009.24% 173.05% -38.13% -40.45% -56.33% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.36 -0.47 -0.81 -0.93 -1.11 -1.01 -2.71 -9.78 -9.24 -9.69 -9.79
NOPAT Margin		 0.00% 0.00% -161.73% -1,202.04% -9,430.48% -6,087.69% -455.33% -277.97% -7,570.49% -46,740.52% -7,887.82%
Net Nonoperating Expense Percent (NNEP)		 43.48% 177.07% -14.12% -11.33% -76.55% 6,652.91% -133.22% -261.64% -17,937.82% 108.55% 53.27%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -33.30% -35.21% -52.76%
Cost of Revenue to Revenue		 0.00% 0.00% 24.04% 83.47% 74.78% 68.09% 30.98% 60.07% 307.79% 253.73% 17.11%
SG&A Expenses to Revenue		 0.00% 0.00% 307.01% 1,691.80% 13,049.71% 8,726.27% 396.45% 242.51% 4,614.84% 26,028.34% 5,109.29%
R&D to Revenue		 0.00% 0.00% 0.00% 41.93% 447.62% 2.35% 323.03% 194.51% 5,992.36% 40,590.11% 6,241.91%
Operating Expenses to Revenue		 0.00% 0.00% 307.01% 1,733.73% 13,497.33% 8,728.62% 719.49% 437.02% 10,607.20% 66,618.45% 11,351.21%
Earnings before Interest and Taxes (EBIT)		 -0.52 -0.67 -1.16 -1.33 -1.58 -1.44 -3.87 -14 -14 -14 -14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.50 -0.64 -0.95 -1.28 -1.56 -1.43 -1.82 -9.12 -8.75 -9.44 -9.28
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.30 29.73 0.00 0.00 3.91 0.36 0.34 0.41 1.04
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.31 37.19 0.00 0.00 0.00 6.81 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.55 279.22 1,028.46 693.39 67.08 3.53 68.13 304.43 63.57
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 4.52 0.33 0.38 0.61 1.02
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 262.80 1,031.49 692.04 64.14 3.11 79.81 695.53 148.81
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.81 0.00 0.00 0.00 -2.84 0.00 0.00 0.01 0.14 0.77 1.45
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.58 1.45
Financial Leverage		 -0.77 -0.18 -45.51 -4.27 -2.16 -0.01 -0.19 -0.07 0.00 0.24 0.81
Leverage Ratio		 -0.25 -0.45 55.77 4.99 3.59 -0.86 4.39 1.74 1.17 1.52 2.15
Compound Leverage Factor		 -0.25 -0.45 59.39 5.01 3.60 -0.87 4.41 1.75 1.18 1.58 2.26
Debt to Total Capital		 -439.56% 0.00% 0.00% 0.00% 154.42% 0.00% 0.00% 1.08% 11.93% 43.61% 59.26%
Short-Term Debt to Total Capital		 -439.56% 0.00% 0.00% 0.00% 154.42% 0.00% 0.00% 1.08% 0.15% 10.90% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 11.78% 32.71% 59.26%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 539.56% 100.00% 100.00% 100.00% -54.42% 100.00% 100.00% 98.92% 88.07% 56.39% 40.74%
Debt to EBITDA		 -0.77 0.00 0.00 0.00 -0.29 0.00 0.00 -0.04 -0.38 -1.27 -1.19
Net Debt to EBITDA		 -0.73 0.00 0.00 0.00 -0.02 0.00 0.00 0.16 -0.16 -0.86 -1.14
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.37 -0.95 -1.19
Debt to NOPAT		 -1.06 0.00 0.00 0.00 -0.40 0.00 0.00 -0.04 -0.36 -1.24 -1.12
Net Debt to NOPAT		 -1.00 0.00 0.00 0.00 -0.03 0.00 0.00 0.15 -0.15 -0.84 -1.08
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.35 -0.93 -1.12
Altman Z-Score		 0.00 -11.09 -0.39 12.21 -10.92 -50.09 -0.70 0.96 -2.36 -3.89 -6.39
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.07 0.21 2.29 1.78 0.59 0.07 0.07 1.15 1.85 1.10 1.06
Quick Ratio		 0.04 0.14 2.24 1.74 0.54 0.02 0.06 0.83 1.41 0.98 0.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.37 3.16 -5.30 -1.53 -0.27 -12 -34 -1.97 -7.44 -4.32
Operating Cash Flow to CapEx		 -5,174.61% -1,092.16% 0.00% -20,562.31% -55,523.57% 0.00% -869.30% -479.75% -5,048.90% -27,229.23% -13,352.32%
Free Cash Flow to Firm to Interest Expense		 0.00 128.33 42.03 0.00 0.00 -26.40 -642.80 -644.32 -13.64 -12.07 -6.06
Operating Cash Flow to Interest Expense		 -178.48 -181.40 -12.88 0.00 0.00 -49.05 -66.88 -56.81 -32.56 -9.42 -6.48
Operating Cash Flow Less CapEx to Interest Expense		 -181.93 -198.01 -12.88 0.00 0.00 -49.05 -74.58 -68.65 -33.20 -9.46 -6.53
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.14 0.02 0.01 0.04 0.03 0.09 0.00 0.00 0.01
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.21 81.13 3,183.51
Inventory Turnover		 0.00 0.00 2.29 0.00 0.00 0.00 0.00 0.00 0.99 0.34 0.10
Fixed Asset Turnover		 0.00 0.00 6.59 1.27 1.23 3.98 1.00 2.75 0.11 0.03 0.28
Accounts Payable Turnover		 0.00 0.00 0.50 0.30 0.05 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 301.90 4.50 0.11
Days Inventory Outstanding (DIO)		 0.00 0.00 159.40 0.00 0.00 0.00 0.00 0.00 370.40 1,080.35 3,773.70
Days Payable Outstanding (DPO)		 0.00 0.00 737.31 1,220.60 6,741.60 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 -577.91 -1,220.60 -6,741.60 0.00 0.00 0.00 672.30 1,084.85 3,773.82
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.11 -0.94 -4.92 -0.55 -0.12 -0.86 8.45 33 26 24 18
Invested Capital Turnover		 0.00 0.00 -0.17 -0.03 -0.04 -0.03 0.16 0.17 0.00 0.00 0.01
Increase / (Decrease) in Invested Capital		 0.00 -0.84 -3.97 4.37 0.43 -0.74 9.31 25 -7.28 -2.25 -5.48
Enterprise Value (EV)		 0.00 0.12 -7.87 20 12 11 38 11 9.75 14 18
Market Capitalization		 0.00 0.26 0.28 22 12 11 40 12 8.32 6.31 7.89
Book Value per Share		 ($0.02) ($0.04) $0.04 $0.02 $0.00 ($0.02) $0.07 $1.73 $1.20 $1.12 $1.57
Tangible Book Value per Share		 ($0.03) ($0.05) $0.01 $0.02 ($0.01) ($0.02) ($0.19) $0.09 ($0.19) ($0.59) ($2.42)
Total Capital		 -0.09 -0.81 0.94 0.73 0.29 -0.84 10 35 28 28 19
Total Debt		 0.38 0.00 0.00 0.00 0.44 0.00 0.00 0.38 3.31 12 11
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.27 9.00 11
Net Debt		 0.36 -0.13 -8.15 -1.28 0.04 -0.02 -1.75 -1.48 1.43 8.11 11
Capital Expenditures (CapEx)		 0.01 0.05 0.00 0.00 0.00 0.00 0.14 0.63 0.09 0.02 0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.19 -1.14 -3.46 -0.71 -0.27 -1.04 -30 -1.10 -0.71 -0.51 -0.36
Debt-free Net Working Capital (DFNWC)		 -0.17 -1.01 4.69 0.57 0.14 -1.02 -28 0.75 1.18 3.38 0.06
Net Working Capital (NWC)		 -0.55 -1.01 4.69 0.57 -0.31 -1.02 -28 0.37 1.14 0.38 0.06
Net Nonoperating Expense (NNE)		 0.16 0.20 0.42 0.40 0.48 0.44 1.18 4.22 4.53 5.17 4.98
Net Nonoperating Obligations (NNO)		 0.36 -0.13 -5.86 -1.28 0.04 -0.02 -1.75 -1.48 1.43 8.11 11
Total Depreciation and Amortization (D&A)		 0.02 0.03 0.20 0.06 0.02 0.01 2.04 4.83 4.87 4.80 4.78
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -689.61% -909.68% -2,322.67% -6,305.62% -5,067.35% -31.36% -579.20% -2,460.59% -287.73%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 934.87% 732.87% 1,164.15% -6,171.32% -4,772.77% 21.30% 964.98% 16,319.48% 48.42%
Net Working Capital to Revenue		 0.00% 0.00% 934.87% 732.87% -2,625.64% -6,171.32% -4,772.77% 10.60% 930.59% 1,847.00% 48.42%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.15) ($0.15) ($0.15) ($0.20) ($0.20) ($0.20) $0.00 $0.00 ($3.36) ($7.80) ($3.46)
Adjusted Weighted Average Basic Shares Outstanding		 4.03M 4.03M 4.53M 7.13M 8.10M 8.41M 0.00 4.00M 0.00 1.90M 4.27M
Adjusted Diluted Earnings per Share		 ($0.15) ($0.15) ($0.15) ($0.20) ($0.20) ($0.20) $0.00 $0.00 ($3.36) ($7.80) ($3.46)
Adjusted Weighted Average Diluted Shares Outstanding		 4.03M 4.03M 4.53M 7.13M 8.10M 8.41M 0.00 4.00M 0.00 1.90M 4.27M
Adjusted Basic & Diluted Earnings per Share		 ($0.15) ($0.15) ($0.15) ($0.20) ($0.20) ($0.20) $0.00 $0.00 ($3.36) $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.03M 4.21M 4.53M 7.13M 7.98M 8.15M 0.00 4.00M 4.10M 3.09M 7.27M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.36 -0.47 -0.81 -0.93 -1.11 -1.01 -2.71 -9.78 -9.24 -9.69 -9.79
Normalized NOPAT Margin		 0.00% 0.00% -161.73% -1,202.04% -9,430.48% -6,087.69% -455.33% -277.97% -7,570.49% -46,740.52% -7,887.82%
Pre Tax Income Margin		 0.00% 0.00% -246.04% -1,722.30% -13,479.65% -8,758.21% -653.61% -397.96% -11,276.33% -71,698.40% -11,896.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -253.20 -232.36 -15.41 0.00 0.00 -141.43 -206.94 -260.67 -94.50 -23.11 -19.75
NOPAT to Interest Expense		 -177.24 -162.65 -10.79 0.00 0.00 -99.00 -144.86 -182.77 -64.11 -15.72 -13.76
EBIT Less CapEx to Interest Expense		 -256.65 -248.97 -15.41 0.00 0.00 -141.43 -214.63 -272.51 -95.14 -23.14 -19.80
NOPAT Less CapEx to Interest Expense		 -180.69 -179.26 -10.79 0.00 0.00 -99.00 -152.55 -194.61 -64.76 -15.75 -13.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Ainos

This table displays calculated financial ratios and metrics derived from Ainos' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 20,292,624.00 40,585,248.00 0.00 6,284,300.00 7,663,022.00 13,838,826.00 15,433,257.00 20,764,225.00 4,657,861.00 4,812,634.00 7,266,011.00
DEI Adjusted Shares Outstanding		 811,705.00 1,623,410.00 0.00 1,256,860.00 1,532,604.00 2,767,765.00 3,086,651.00 4,152,845.00 4,657,861.00 4,812,634.00 7,266,011.00
DEI Earnings Per Adjusted Shares Outstanding		 -3.67 -3.65 0.00 -2.54 -2.41 -1.68 -1.06 -0.98 -0.63 -0.93 -0.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -98.61% -98.08% -57.84% -100.00% -100.00% 0.00% 412.36% 0.00% 0.00% 0.00% -99.85%
EBITDA Growth		 74.16% -414.33% -58.05% -66.10% -30.68% 28.99% 6.62% -44.40% 30.34% 5.77% 42.50%
EBIT Growth		 62.47% -174.78% -30.06% -30.92% -17.16% 23.39% 4.92% -27.01% 19.79% 3.99% 26.49%
NOPAT Growth		 65.79% -168.09% -24.16% -31.62% -13.56% 18.73% -1.37% -22.85% 8.37% 7.25% 27.80%
Net Income Growth		 61.95% -178.01% -31.52% -35.97% -24.31% 21.44% 0.87% -27.85% 20.75% 3.99% 25.14%
EPS Growth		 61.95% -85.90% 9.52% -35.97% -24.31% 21.44% 0.87% -27.85% 60.98% 57.14% 60.58%
Operating Cash Flow Growth		 6.07% -121.40% -4.37% -72.23% -98.46% 37.05% 18.07% 31.59% 19.69% 1.07% 19.69%
Free Cash Flow Firm Growth		 111.59% 112.55% 31,583.98% 52.09% 17.79% -130.21% -96.68% -73.38% -1.43% 348.74% 1,575.66%
Invested Capital Growth		 -13.30% -21.95% -28.18% -20.69% -17.80% -8.70% -9.88% -15.16% -20.76% -23.19% -25.92%
Revenue Q/Q Growth		 -14.24% -18.72% 4.14% -100.00% 0.00% 0.00% 0.00% -95.61% -53.53% 413.15% -98.55%
EBITDA Q/Q Growth		 -50.40% -171.34% 55.26% 9.02% -18.33% -47.44% 41.17% -40.69% 42.92% -99.45% 64.10%
EBIT Q/Q Growth		 -24.76% -98.97% 44.01% 5.81% -11.65% -30.11% 30.51% -25.81% 29.48% -55.73% 46.79%
NOPAT Q/Q Growth		 -15.50% -113.07% 45.27% 2.28% 0.34% -52.49% 31.74% -18.43% 25.67% -54.36% 46.86%
Net Income Q/Q Growth		 -26.65% -99.09% 44.05% 3.61% -15.78% -25.81% 29.39% -24.31% 28.23% -52.41% 44.95%
EPS Q/Q Growth		 -26.65% -98.63% 60.69% 3.61% -15.78% -25.81% 29.39% -24.31% 35.35% -64.06% 60.95%
Operating Cash Flow Q/Q Growth		 35.15% -84.71% -8.87% -32.07% 25.28% 41.41% -41.70% -10.28% 12.27% 27.83% -15.02%
Free Cash Flow Firm Q/Q Growth		 -2.42% 16.69% 131.52% -42.31% -24.43% -129.93% 125.43% 362.78% 179.82% -24.47% 71.32%
Invested Capital Q/Q Growth		 -3.03% -15.39% -3.53% 0.20% 0.50% -6.02% -4.78% -5.66% -6.14% -8.89% -8.17%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -258.83% -559.70% -29.07% 0.00% 0.00% 0.00% 82.83% 79.91% 77.99% 85.62% -373.91%
EBITDA Margin		 -6,946.41% -23,190.00% -9,961.91% 0.00% 0.00% 0.00% -1,815.61% -58,178.45% -71,457.18% -27,774.41% -688,726.71%
Operating Margin		 -10,925.99% -28,642.99% -15,051.82% 0.00% 0.00% 0.00% -2,978.03% -80,327.84% -128,481.45% -38,647.99% -1,418,414.29%
EBIT Margin		 -11,971.00% -29,305.91% -15,756.25% 0.00% 0.00% 0.00% -2,924.08% -83,787.97% -127,139.73% -38,584.36% -1,417,965.22%
Profit (Net Income) Margin		 -12,151.77% -29,765.38% -15,991.17% 0.00% 0.00% 0.00% -3,093.98% -87,604.33% -135,288.51% -40,182.54% -1,527,826.09%
Tax Burden Percent		 100.00% 100.01% 100.00% 100.00% 100.00% 100.02% 100.00% 100.00% 100.00% 100.02% 100.00%
Interest Burden Percent		 101.51% 101.55% 101.49% 103.86% 107.71% 104.13% 105.81% 104.55% 106.41% 104.12% 107.75%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -264.87% -82.96% -33.06% 0.00% 0.00% 0.00% -9.33% -269.70% -451.31% -160.83% -918.47%
ROIC Less NNEP Spread (ROIC-NNEP)		 -391.46% 7,580.84% -34.90% 0.00% 0.00% 0.00% -27.73% -290.49% -462.88% -176.46% -926.94%
Return on Net Nonoperating Assets (RNNOA)		 -10.64% -6.48% 68.03% 0.00% 0.00% 0.00% -9.03% -127.15% -280.12% -142.90% -1,002.30%
Return on Equity (ROE)		 -275.51% -89.44% 34.97% 0.00% 0.00% 0.00% -18.36% -396.86% -731.42% -303.73% -1,920.78%
Cash Return on Invested Capital (CROIC)		 -6.24% -6.67% 0.41% -12.94% -17.92% -30.06% -30.57% -27.76% -21.35% -20.66% -17.10%
Operating Return on Assets (OROA)		 -374.27% -103.80% -44.42% 0.00% 0.00% 0.00% -11.07% -312.46% -531.79% -192.81% -1,060.43%
Return on Assets (ROA)		 -379.92% -105.43% -45.08% 0.00% 0.00% 0.00% -11.71% -326.69% -565.88% -200.80% -1,142.59%
Return on Common Equity (ROCE)		 -275.51% -89.44% 34.97% 0.00% 0.00% 0.00% -18.36% -396.86% -731.42% -303.73% -1,920.78%
Return on Equity Simple (ROE_SIMPLE)		 -36.04% 0.00% -64.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.87 -3.99 -2.18 -2.13 -2.13 -3.24 -2.21 -2.62 -1.95 -3.01 -1.60
NOPAT Margin		 -7,648.19% -20,050.09% -10,536.27% 0.00% 0.00% 0.00% -2,084.62% -56,229.49% -89,937.01% -27,053.60% -992,890.00%
Net Nonoperating Expense Percent (NNEP)		 126.59% -7,663.80% 1.84% 39.02% 31.41% 29.59% 18.40% 20.79% 11.57% 15.62% 8.47%
Return On Investment Capital (ROIC_SIMPLE)		 - -14.38% -8.40% -6.46% -7.02% -11.79% -8.81% -11.68% -9.26% -16.21% -8.20%
Cost of Revenue to Revenue		 358.83% 659.70% 129.07% 0.00% 0.00% 0.00% 17.17% 20.09% 22.01% 14.38% 473.91%
SG&A Expenses to Revenue		 3,683.36% 16,844.07% 4,966.08% 0.00% 0.00% 0.00% 1,437.53% 39,408.39% 36,698.34% 19,639.57% 368,437.89%
R&D to Revenue		 6,983.81% 11,239.21% 10,056.67% 0.00% 0.00% 0.00% 1,623.32% 40,999.36% 91,861.10% 19,094.05% 1,049,602.48%
Operating Expenses to Revenue		 10,667.16% 28,083.28% 15,022.75% 0.00% 0.00% 0.00% 3,060.86% 80,407.74% 128,559.44% 38,733.62% 1,418,040.37%
Earnings before Interest and Taxes (EBIT)		 -2.93 -5.83 -3.27 -3.08 -3.43 -4.47 -3.11 -3.91 -2.76 -4.29 -2.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.70 -4.62 -2.07 -1.88 -2.22 -3.28 -1.93 -2.71 -1.55 -3.09 -1.11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.45 0.34 1.02 0.25 0.20 0.41 0.58 1.03 1.61 1.04 1.77
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 11.03 68.13 246.95 78.51 90.32 304.43 71.38 106.00 142.78 63.57 557.66
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.51 0.38 1.02 0.38 0.43 0.61 0.75 1.01 1.31 1.02 1.26
Enterprise Value to Revenue (EV/Rev)		 13.58 79.81 271.30 144.51 265.38 695.53 159.62 194.19 230.11 148.81 1,163.45
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 205.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.19 0.14 0.15 0.59 0.68 0.77 0.91 0.96 1.10 1.45 2.43
Long-Term Debt to Equity		 0.19 0.13 0.00 0.43 0.50 0.58 0.84 0.96 1.10 1.45 1.58
Financial Leverage		 0.03 0.00 -1.95 0.11 0.22 0.24 0.33 0.44 0.61 0.81 1.08
Leverage Ratio		 1.14 1.17 -1.06 1.36 1.43 1.52 1.57 1.85 1.93 2.15 2.57
Compound Leverage Factor		 1.16 1.19 -1.07 1.41 1.54 1.58 1.66 1.93 2.05 2.24 2.77
Debt to Total Capital		 15.99% 11.93% 12.74% 37.28% 40.51% 43.61% 47.77% 49.01% 52.27% 59.26% 70.82%
Short-Term Debt to Total Capital		 0.00% 0.15% 12.74% 10.03% 10.79% 10.90% 3.98% 0.00% 0.00% 0.00% 24.68%
Long-Term Debt to Total Capital		 15.99% 11.78% 0.00% 27.25% 29.71% 32.71% 43.79% 49.01% 52.27% 59.26% 46.14%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 84.01% 88.07% 87.26% 62.72% 59.49% 56.39% 52.23% 50.99% 47.73% 40.74% 29.18%
Debt to EBITDA		 -1.05 -0.38 -0.35 -1.20 -1.14 -1.27 -1.29 -1.08 -1.16 -1.19 -1.63
Net Debt to EBITDA		 -0.58 -0.16 -0.24 -0.42 -0.66 -0.86 -1.01 -0.96 -1.04 -1.14 -1.30
Long-Term Debt to EBITDA		 -1.05 -0.37 0.00 -0.88 -0.83 -0.95 -1.18 -1.08 -1.16 -1.19 -1.06
Debt to NOPAT		 -0.78 -0.36 -0.34 -1.21 -1.18 -1.24 -1.23 -1.08 -1.10 -1.12 -1.51
Net Debt to NOPAT		 -0.43 -0.15 -0.24 -0.42 -0.68 -0.84 -0.96 -0.96 -0.98 -1.08 -1.20
Long-Term Debt to NOPAT		 -0.78 -0.35 0.00 -0.88 -0.86 -0.93 -1.13 -1.08 -1.10 -1.12 -0.98
Altman Z-Score		 -0.27 -1.55 -0.46 -1.73 -2.28 -2.77 -2.95 -3.43 -3.46 -4.84 -4.56
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.71 1.85 0.32 1.48 1.37 1.10 2.00 2.88 2.96 1.06 0.55
Quick Ratio		 2.89 1.41 0.22 1.40 1.25 0.98 1.73 2.03 1.94 0.39 0.45
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.82 3.29 7.61 4.39 3.32 -0.99 0.25 1.17 3.27 2.47 4.23
Operating Cash Flow to CapEx		 -2,030.60% 0.00% -33,756.71% -33,757.61% -14,537.74% -95,179.63% -3,640.24% 0.00% -11,683.22% 0.00% -11,512.77%
Free Cash Flow to Firm to Interest Expense		 63.62 0.00 156.25 36.96 12.54 -5.39 1.40 6.57 18.52 13.96 23.92
Operating Cash Flow to Interest Expense		 -16.79 0.00 -30.70 -16.62 -5.57 -4.69 -6.79 -7.59 -6.71 -4.83 -5.56
Operating Cash Flow Less CapEx to Interest Expense		 -17.62 0.00 -30.79 -16.67 -5.61 -4.69 -6.97 -7.55 -6.77 -4.82 -5.61
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
Accounts Receivable Turnover		 5.70 1.21 0.12 13.86 0.00 81.13 49.83 1,131.33 0.00 3,183.51 317.74
Inventory Turnover		 1.80 0.99 0.81 0.78 0.97 0.34 0.28 0.12 0.12 0.10 0.02
Fixed Asset Turnover		 0.91 0.11 0.09 0.07 0.04 0.03 0.17 0.19 0.21 0.28 0.05
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 64.08 301.90 3,147.20 26.33 0.00 4.50 7.33 0.32 0.00 0.11 1.15
Days Inventory Outstanding (DIO)		 203.10 370.40 448.79 467.13 374.99 1,080.35 1,289.79 3,033.11 3,055.20 3,773.70 22,110.44
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 267.18 672.30 3,595.99 493.45 374.99 1,084.85 1,297.12 3,033.43 3,055.20 3,773.82 22,111.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 31 26 25 25 25 24 22 21 20 18 17
Invested Capital Turnover		 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00
Increase / (Decrease) in Invested Capital		 -4.69 -7.28 -9.79 -6.52 -5.44 -2.25 -2.47 -3.79 -5.22 -5.48 -5.83
Enterprise Value (EV)		 15 9.75 25 9.41 11 14 17 22 26 18 21
Market Capitalization		 13 8.32 23 5.11 3.67 6.31 7.58 12 16 7.89 10
Book Value per Share		 $1.36 $1.20 $3.93 $3.30 $2.35 $1.12 $0.85 $0.55 $2.16 $1.57 $0.78
Tangible Book Value per Share		 ($0.09) ($0.19) ($0.78) ($0.85) ($0.90) ($0.59) ($0.62) ($0.48) ($2.22) ($2.42) ($1.71)
Total Capital		 33 28 26 33 30 28 25 22 21 19 20
Total Debt		 5.27 3.31 3.31 12 12 12 12 11 11 11 14
Total Long-Term Debt		 5.27 3.27 0.00 9.00 9.00 9.00 11 11 11 11 9.00
Net Debt		 2.90 1.43 2.28 4.30 7.11 8.11 9.37 9.78 9.87 11 11
Capital Expenditures (CapEx)		 0.04 -0.01 0.00 0.01 0.01 0.00 0.03 -0.01 0.01 -0.00 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.15 -0.71 -0.92 -1.97 -0.37 -0.51 -0.10 -0.09 0.01 -0.36 -0.86
Debt-free Net Working Capital (DFNWC)		 2.22 1.18 0.12 6.04 4.79 3.38 2.53 1.13 1.14 0.06 1.99
Net Working Capital (NWC)		 2.22 1.14 -3.20 2.73 1.52 0.38 1.53 1.13 1.14 0.06 -2.83
Net Nonoperating Expense (NNE)		 1.10 1.93 1.13 1.06 1.57 1.41 1.07 1.46 0.98 1.46 0.86
Net Nonoperating Obligations (NNO)		 2.90 1.43 2.28 4.30 7.11 8.11 9.37 9.78 9.87 11 11
Total Depreciation and Amortization (D&A)		 1.23 1.22 1.20 1.20 1.21 1.19 1.18 1.19 1.21 1.20 1.17
Debt-free, Cash-free Net Working Capital to Revenue		 -13.18% -579.20% -977.33% -3,030.78% -906.09% -2,460.59% -94.87% -82.97% 10.03% -287.73% -4,722.80%
Debt-free Net Working Capital to Revenue		 194.76% 964.98% 123.15% 9,275.51% 11,784.59% 16,319.48% 2,379.81% 1,020.29% 1,008.13% 48.42% 10,966.13%
Net Working Capital to Revenue		 194.76% 930.59% -3,412.41% 4,189.67% 3,736.95% 1,847.00% 1,438.25% 1,020.29% 1,008.13% 48.42% -15,608.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.45) ($0.57) ($2.45) ($1.65) ($12.25) ($1.05) ($0.99) ($0.64) ($1.05) ($0.41)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 4.10M 5.77M 1.30M 2.26M 380.15K 3.17M 4.12M 4.55M 4.27M 6.03M
Adjusted Diluted Earnings per Share		 $0.00 ($1.45) ($0.57) ($2.45) ($1.65) ($12.25) ($1.05) ($0.99) ($0.64) ($1.05) ($0.41)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 4.10M 5.77M 1.30M 2.26M 380.15K 3.17M 4.12M 4.55M 4.27M 6.03M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($1.45) $0.00 $0.00 $0.00 ($12.25) $0.00 $0.00 $0.00 ($1.05) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 4.10M 6.28M 1.53M 2.77M 3.09M 4.15M 4.66M 4.81M 7.27M 8.52M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.87 -3.99 -2.18 -2.13 -2.13 -3.24 -2.21 -2.62 -1.95 -3.01 -1.60
Normalized NOPAT Margin		 -7,648.19% -20,050.09% -10,536.27% 0.00% 0.00% 0.00% -2,084.62% -56,229.49% -89,937.01% -27,053.60% -992,890.00%
Pre Tax Income Margin		 -12,151.77% -29,761.36% -15,991.17% 0.00% 0.00% 0.00% -3,093.98% -87,604.33% -135,288.51% -40,175.34% -1,527,826.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -66.22 0.00 -67.07 -25.90 -12.98 -24.24 -17.21 -21.95 -15.60 -24.25 -12.91
NOPAT to Interest Expense		 -42.31 0.00 -44.85 -17.97 -8.04 -17.59 -12.27 -14.73 -11.04 -17.00 -9.04
EBIT Less CapEx to Interest Expense		 -67.05 0.00 -67.16 -25.95 -13.02 -24.24 -17.40 -21.91 -15.66 -24.24 -12.96
NOPAT Less CapEx to Interest Expense		 -43.14 0.00 -44.94 -18.02 -8.08 -17.60 -12.46 -14.69 -11.09 -17.00 -9.09
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Ainos, Inc. (NASDAQ: AIMD) is still operating at a significant loss, but its latest quarter shows some important balance sheet and financing changes that investors should watch closely.

For Q1 2026, Ainos reported just $161 in revenue and a $2.5 million net loss. Operating expenses remained much larger than gross profit, and the company continues to depend on outside funding to support operations. At the same time, cash increased sharply from the prior quarter, largely because of financing activity and debt repayment structure changes.

  • Cash and equivalents rose to $2.84 million at the end of Q1 2026, up from $1.13 million in Q3 2025 and $1.22 million in Q2 2025.
  • The company appears to have reduced near-term debt pressure, with short-term debt at $4.81 million, down from $11.0 million in Q3 2025 and $9.0 million in prior periods.
  • Q1 2026 operating cash flow improved versus Q4 2025, with net cash used in operations of $983,421 compared with $855,018 in the prior quarter.
  • Ainos generated $3.41 million from financing activities in Q1 2026, which helped offset ongoing operating losses and preserve liquidity.
  • The latest quarter included $601,600 of common equity issuance, showing the company can still access capital.
  • Depreciation remains a meaningful non-cash add-back, at $1.17 million in Q1 2026, which helps reduce the gap between net loss and operating cash burn.
  • The company still has a large noncurrent asset base, led by $18.1 million in intangible assets, though the economic value of those assets may be harder to judge than cash or receivables.
  • Revenue collapsed to $161 in Q1 2026 from $11,120 in Q4 2025 and $2,167 in Q3 2025, highlighting extremely weak top-line generation.
  • Ainos posted a gross loss of $602 in Q1 2026, meaning direct costs still exceeded revenue.
  • The company remained deeply unprofitable, with $2.28 million in operating expenses and a $2.46 million pre-tax loss in the quarter.

Looking at the last several years, Ainos has shown persistent losses, negative operating cash flow, and recurring reliance on financing. Revenue has been volatile and generally very small, while share issuance has helped fund the business. That combination suggests the stock remains highly speculative and could continue to face dilution risk if the company needs more capital.

Bottom line: Q1 2026 brought a stronger cash position and lower short-term debt, but the core operating picture remains weak. Until Ainos can show sustained revenue growth and a path toward positive operating cash flow, investors should expect ongoing balance sheet risk and dilution potential.

07/21/26 10:52 AM ETAI Generated. May Contain Errors.

Ainos Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ainos' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Ainos' net income appears to be on an upward trend, with a most recent value of -$14.77 million in 2025, rising from -$521.87 thousand in 2015. The previous period was -$14.86 million in 2024. View Ainos' forecast to see where analysts expect Ainos to go next.

Ainos' total operating income in 2025 was -$13.99 million, based on the following breakdown:
  • Total Gross Profit: $102.91 thousand
  • Total Operating Expenses: $14.09 million

Over the last 10 years, Ainos' total revenue changed from $0.00 in 2015 to $124.16 thousand in 2025, a change of 12,415,700.0%.

Ainos' total liabilities were at $13.31 million at the end of 2025, a 0.0% increase from 2024, and a 2,158.6% increase since 2015.

In the past 10 years, Ainos' cash and equivalents has ranged from $21.14 thousand in 2015 to $8.15 million in 2017, and is currently $417.35 thousand as of their latest financial filing in 2025.

Over the last 10 years, Ainos' book value per share changed from -0.02 in 2015 to 1.57 in 2025, a change of -6,815.4%.


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Financial statements for NASDAQ:AIMD last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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