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Dyadic International (DYAI) Financials

Dyadic International logo
$1.26 +0.07 (+5.88%)
Closing price 07/17/2026 04:00 PM Eastern
Extended Trading
$1.26 0.00 (-0.08%)
As of 07/17/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Dyadic International

Annual Income Statements for Dyadic International

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

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 -2.14 -5.69 -8.31 -9.33 -13 -9.74 -6.80 -5.81 -7.36
Consolidated Net Income / (Loss)		 -2.14 -5.69 -8.31 -9.33 -13 -9.74 -6.80 -5.81 -7.36
Net Income / (Loss) Continuing Operations		 -2.14 -5.71 -8.31 -9.33 -13 -9.74 -6.80 -5.81 -7.36
Total Pre-Tax Income 		-2.20 -6.72 -8.30 -9.29 -13 -9.74 -6.80 -5.81 -7.36
Total Operating Income		 -7.13 -7.59 -9.28 -10 -15 -10 -8.23 -5.90 -7.19
Total Gross Profit		 0.08 0.27 0.22 0.18 0.46 0.81 0.92 3.50 3.09
Total Revenue		 0.76 1.30 1.68 1.60 2.40 2.93 2.90 3.50 3.09
Operating Revenue		 0.76 1.30 1.68 1.60 2.40 2.93 2.90 3.50 3.09
Total Cost of Revenue		 0.68 1.03 1.46 1.42 1.94 2.12 1.98 0.00 0.00
Total Operating Expenses		 7.21 7.84 9.50 10 15 11 9.15 9.40 10
Selling, General & Admin Expense		 5.03 4.52 5.52 6.08 6.70 6.42 5.82 6.13 5.76
Research & Development Expense		 2.20 3.32 3.96 3.87 8.39 4.50 3.30 3.24 2.76
Other Operating Expenses / (Income)		 -0.03 - 0.03 0.25 0.10 0.05 0.04 0.02 1.77
Total Other Income / (Expense), net		 4.92 0.87 0.98 0.73 1.66 0.43 1.43 0.09 -0.17
Interest Expense		 - - - - - - 0.00 0.43 0.46
Interest & Investment Income		 0.57 0.89 0.98 0.45 0.05 0.18 1.43 0.52 0.28
Basic Earnings per Share		 ($0.07) ($0.21) ($0.31) ($0.34) ($0.47) ($0.34) ($0.24) ($0.20) ($0.23)
Weighted Average Basic Shares Outstanding		 28.92M 27.67M 27.00M 27.47M 27.84M 28.36M 28.80M 29.32M 32.62M
Diluted Earnings per Share		 ($0.07) ($0.21) ($0.31) ($0.34) - - - ($0.20) ($0.23)
Weighted Average Diluted Shares Outstanding		 28.92M 27.67M 27.00M 27.47M 27.84M 28.81M 28.97M 29.32M 32.62M
Weighted Average Basic & Diluted Shares Outstanding		 28.92M 27.67M 27.00M 27.47M 27.84M 28.81M 28.97M 30.09M 36.44M

Quarterly Income Statements for Dyadic International

This table shows Dyadic International's 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		 -1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Consolidated Net Income / (Loss)		 -1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Net Income / (Loss) Continuing Operations		 -1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Total Pre-Tax Income 		-1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Total Operating Income		 -1.72 -2.17 -2.13 -2.04 -0.20 -1.53 -2.00 -1.73 -1.93 -1.54 -1.90
Total Gross Profit		 0.29 0.34 0.19 0.39 1.96 0.96 0.39 0.97 1.16 0.86 1.11
Total Revenue		 0.40 0.69 0.33 0.39 1.96 0.82 0.39 0.97 1.16 0.57 1.11
Operating Revenue		 0.40 0.69 0.33 0.39 1.96 0.82 0.39 0.97 1.16 0.57 1.11
Total Cost of Revenue		 0.11 0.35 0.14 0.00 0.00 -0.14 0.00 0.00 0.00 -0.30 0.00
Total Operating Expenses		 2.01 2.51 2.32 2.43 2.16 2.49 2.39 2.70 3.09 2.40 3.02
Selling, General & Admin Expense		 1.28 1.65 1.79 1.61 1.30 1.44 1.60 1.44 1.48 1.25 1.76
Research & Development Expense		 0.72 0.85 0.52 0.82 0.86 1.04 0.62 0.78 0.83 0.66 0.82
Other Operating Expenses / (Income)		 0.01 0.00 0.00 0.00 0.01 0.01 0.17 0.48 0.78 0.50 0.45
Total Other Income / (Expense), net		 0.11 0.10 0.12 -0.00 -0.00 -0.02 -0.03 -0.06 -0.05 -0.03 -0.04
Interest Expense		 0.00 - 0.03 0.14 0.13 0.13 0.11 0.11 0.11 0.11 0.11
Interest & Investment Income		 0.11 0.10 0.15 0.14 0.13 0.11 0.09 0.05 0.06 0.08 0.06
Other Income / (Expense), net		 - - - - - - -0.01 - - - 0.01
Basic Earnings per Share		 ($0.06) ($0.08) ($0.07) ($0.07) ($0.01) ($0.05) ($0.07) ($0.06) ($0.06) ($0.04) ($0.05)
Weighted Average Basic Shares Outstanding		 28.81M 28.80M 28.83M 29.29M 29.50M 29.32M 29.89M 30.10M 34.51M 32.62M 36.40M
Diluted Earnings per Share		 - - - ($0.07) ($0.01) - ($0.07) ($0.06) ($0.06) - ($0.05)
Weighted Average Diluted Shares Outstanding		 28.81M 28.97M 29.24M 29.29M 29.50M 29.32M 29.89M 30.10M 34.51M 32.62M 36.40M
Weighted Average Basic & Diluted Shares Outstanding		 28.81M 28.97M 29.24M 29.48M 29.59M 30.09M 30.09M 36.19M 36.19M 36.44M 36.44M

Annual Cash Flow Statements for Dyadic International

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

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 -8.73 -3.38 2.44 16 -4.89 -9.95 0.72 -0.01 -0.65
Net Cash From Operating Activities		 -1.69 -4.41 -5.78 -6.57 -11 -8.08 -6.73 -3.97 -5.70
Net Cash From Continuing Operating Activities		 -1.69 -4.41 -5.78 -6.57 -11 -8.08 -6.73 -3.97 -5.70
Net Income / (Loss) Continuing Operations		 -2.14 -5.69 -8.31 -9.33 -13 -9.74 -6.80 -5.81 -7.36
Consolidated Net Income / (Loss)		 -2.14 -5.69 -8.31 -9.33 -13 -9.74 -6.80 -5.81 -7.36
Amortization Expense		 1.11 0.68 0.20 0.33 0.33 0.03 -0.05 -0.01 0.02
Non-Cash Adjustments To Reconcile Net Income		 -0.99 1.40 1.45 1.43 0.28 1.94 0.26 1.20 0.97
Changes in Operating Assets and Liabilities, net		 0.33 -0.79 0.87 0.99 1.19 -0.32 -0.14 0.65 0.67
Net Cash From Investing Activities		 -0.81 3.33 7.71 22 5.22 -2.37 7.45 -1.88 0.08
Net Cash From Continuing Investing Activities		 -0.81 3.33 7.71 22 5.22 -2.37 7.45 -1.88 0.08
Purchase of Investments		 -51 -50 -48 -18 -11 -9.87 -3.00 -7.34 -5.95
Sale and/or Maturity of Investments		 51 53 55 40 15 7.50 10 5.47 6.03
Net Cash From Financing Activities		 -6.22 -2.30 0.55 0.26 1.23 0.54 0.00 5.85 4.96
Net Cash From Continuing Financing Activities		 -6.22 -2.30 0.55 0.26 1.23 0.54 0.00 5.85 4.96
Issuance of Debt		 - - - - - - 0.00 5.82 0.00
Issuance of Common Equity		 - - - - - - - 0.00 4.94
Other Financing Activities, net		 0.00 0.00 0.55 0.26 1.23 0.54 0.00 0.02 0.02
Effect of Exchange Rate Changes		 - - - 0.01 - - -0.00 -0.01 0.00
Cash Interest Paid		 - - - - - - 0.00 0.26 0.41

Quarterly Cash Flow Statements for Dyadic International

This table details how cash moves in and out of Dyadic International's 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		 1.56 -0.89 4.05 -4.44 -0.21 0.59 -1.44 -1.09 3.18 -1.30 -0.70
Net Cash From Operating Activities		 -1.96 -0.92 -1.11 -1.96 -0.20 -0.70 -1.95 -0.13 -1.85 -1.77 -1.96
Net Cash From Continuing Operating Activities		 -1.96 -0.92 -1.11 -1.96 -0.20 -0.70 -1.95 -0.13 -1.85 -1.77 -1.96
Net Income / (Loss) Continuing Operations		 -1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Consolidated Net Income / (Loss)		 -1.61 -2.07 -2.01 -2.05 -0.20 -1.55 -2.03 -1.79 -1.98 -1.57 -1.95
Amortization Expense		 -0.02 -0.01 -0.00 -0.00 -0.01 0.00 0.00 0.01 0.01 0.01 0.00
Non-Cash Adjustments To Reconcile Net Income		 0.29 0.30 0.28 0.38 0.25 0.28 0.23 0.36 0.17 0.22 0.13
Changes in Operating Assets and Liabilities, net		 -0.62 0.86 0.62 -0.30 -0.24 0.57 -0.15 1.30 -0.05 -0.43 -0.14
Net Cash From Investing Activities		 3.53 0.03 -0.65 -2.47 -0.01 1.26 0.48 -0.96 0.09 0.47 1.27
Net Cash From Continuing Investing Activities		 3.53 0.03 -0.65 -2.47 -0.01 1.26 0.48 -0.96 0.09 0.47 1.27
Purchase of Investments		 -0.27 -0.74 -1.62 -3.12 -1.24 -1.37 -1.46 -3.10 -0.53 -0.86 -0.57
Sale and/or Maturity of Investments		 3.80 0.78 0.96 0.65 1.23 2.64 1.94 2.14 0.62 1.33 1.83
Net Cash From Financing Activities		 - - 5.82 - - 0.02 0.02 - 4.94 -0.00 0.00
Net Cash From Continuing Financing Activities		 - - 5.82 - - 0.02 0.02 - 4.94 -0.00 0.00
Other Financing Activities, net		 - - 0.00 - - 0.02 0.02 - - - 0.00
Effect of Exchange Rate Changes		 -0.00 0.00 -0.00 0.00 0.00 -0.01 0.00 0.00 -0.00 -0.00 -0.00
Cash Interest Paid		 - - 0.00 0.03 0.11 0.11 0.11 0.10 0.22 -0.01 0.10

Annual Balance Sheets for Dyadic International

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

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 51 43 37 30 21 14 8.22 9.93 9.95
Total Current Assets		 50 43 36 30 21 13 8.07 9.83 9.90
Cash & Equivalents		 5.79 2.39 4.82 21 16 5.79 6.52 6.51 4.62
Restricted Cash		 - - - - - - - 0.00 1.23
Short-Term Investments		 42 39 29 8.46 4.51 6.85 0.75 2.76 2.70
Accounts Receivable		 0.27 0.32 0.56 0.29 0.28 0.33 0.47 0.24 1.09
Prepaid Expenses		 1.17 0.43 0.28 0.28 0.38 0.39 0.33 0.30 0.22
Other Current Assets		 - - - - - - - 0.02 0.04
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 1.13 0.55 1.81 0.29 0.29 0.29 0.15 0.10 0.05
Long-Term Investments		 0.92 0.00 1.51 0.28 0.28 0.28 - - 0.00
Other Noncurrent Operating Assets		 0.21 0.05 0.05 0.01 0.01 0.01 0.15 0.10 0.05
Total Liabilities & Shareholders' Equity		 51 43 37 30 21 14 8.22 9.93 9.95
Total Liabilities		 0.77 0.85 1.59 1.63 2.91 2.63 2.34 7.46 8.71
Total Current Liabilities		 0.77 0.85 1.59 1.63 2.56 2.45 2.25 2.45 3.69
Accounts Payable		 0.52 0.31 0.94 1.01 1.55 1.28 0.66 0.48 0.85
Accrued Expenses		 0.15 0.40 0.57 0.49 0.71 0.96 1.06 1.08 1.07
Current Deferred Revenue		 - - 0.08 - 0.15 0.18 0.49 0.83 1.73
Other Current Liabilities		 0.00 0.14 - 0.12 0.15 0.04 0.05 0.05 0.03
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 0.35 0.18 0.09 5.01 5.03
Long-Term Debt		 - - - - - - 0.00 4.98 5.03
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 50 42 36 28 18 11 5.88 2.47 1.23
Total Preferred & Common Equity		 50 42 36 28 18 11 5.88 2.47 1.23
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 50 42 36 28 18 11 5.88 2.47 1.23
Common Stock		 94 94 96 98 101 103 105 107 114
Retained Earnings		 -27 -33 -41 -51 -64 -73 -80 -86 -93
Treasury Stock		 -17 -19 -19 -19 -19 -19 -19 -19 -19

Quarterly Balance Sheets for Dyadic International

This table presents Dyadic International's 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		 9.26 13 11 11 7.89 8.14 12 7.81
Total Current Assets		 9.09 13 11 11 7.81 7.41 12 7.70
Cash & Equivalents		 7.40 11 6.13 5.92 5.06 2.14 5.83 4.25
Restricted Cash		 - - - - - 1.59 1.32 0.91
Short-Term Investments		 0.77 1.47 3.96 4.00 2.28 2.84 3.10 1.36
Accounts Receivable		 0.42 0.25 0.25 0.35 0.22 0.75 0.95 1.00
Prepaid Expenses		 0.48 0.24 0.13 0.37 0.21 0.08 0.34 0.17
Other Current Assets		 - - - - - - - 0.01
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.17 0.14 0.13 0.12 0.09 0.73 0.13 0.11
Long-Term Investments		 0.00 - - - - 0.41 0.06 0.07
Other Noncurrent Operating Assets		 0.17 0.14 0.13 0.12 0.09 0.32 0.06 0.03
Total Liabilities & Shareholders' Equity		 9.26 13 11 11 7.89 8.14 12 7.81
Total Liabilities		 1.60 8.17 7.46 7.39 6.97 8.67 9.07 8.22
Total Current Liabilities		 1.46 2.26 1.95 2.08 1.96 3.66 4.05 3.18
Accounts Payable		 0.60 0.66 0.43 0.56 0.45 0.74 1.21 1.06
Accrued Expenses		 0.62 1.02 0.98 0.95 0.79 1.03 1.46 0.99
Current Deferred Revenue		 0.18 0.53 0.48 0.51 0.67 1.83 1.34 1.11
Other Current Liabilities		 0.06 0.05 0.05 0.05 0.06 0.06 0.05 0.02
Total Noncurrent Liabilities		 0.15 5.90 5.51 5.32 5.01 5.01 5.01 5.03
Long-Term Debt		 - 5.83 5.45 5.27 4.99 5.00 5.01 5.03
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7.65 4.52 3.17 3.41 0.92 -0.53 2.61 -0.41
Total Preferred & Common Equity		 7.65 4.52 3.17 3.41 0.92 -0.53 2.61 -0.41
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 7.65 4.52 3.17 3.41 0.92 -0.53 2.61 -0.41
Common Stock		 105 106 106 107 108 108 113 114
Retained Earnings		 -78 -82 -84 -85 -88 -90 -92 -95
Treasury Stock		 -19 -19 -19 -19 -19 -19 -19 -19

Annual Metrics And Ratios for Dyadic International

This table displays calculated financial ratios and metrics derived from Dyadic International's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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		 0.00 0.00 27,213,157.00 27,482,157.00 28,079,157.00 28,563,100.00 28,811,061.00 29,589,371.00 36,187,798.00
DEI Adjusted Shares Outstanding		 0.00 0.00 27,213,157.00 27,482,157.00 28,079,157.00 28,563,100.00 28,811,061.00 29,589,371.00 36,187,798.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.31 -0.34 -0.47 -0.34 -0.24 -0.20 -0.20
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 70.81% 29.77% -4.71% 50.06% 21.90% -1.07% 20.58% -11.59%
EBITDA Growth		 0.00% -317.54% -30.96% -3.58% -35.95% 22.75% 16.18% 28.66% -21.31%
EBIT Growth		 0.00% -174.98% -21.93% -4.94% -34.71% 24.43% 17.00% 28.30% -21.90%
NOPAT Growth		 0.00% -6.53% -22.26% -8.01% -46.90% 30.97% 19.04% 28.30% -21.90%
Net Income Growth		 0.00% -166.49% -45.96% -12.25% -40.16% 25.52% 30.20% 14.51% -26.78%
EPS Growth		 0.00% -200.00% -47.62% -9.68% 0.00% 0.00% 0.00% 0.00% -15.00%
Operating Cash Flow Growth		 0.00% -160.60% -31.22% -13.69% -71.53% 28.32% 16.79% 40.91% -43.46%
Free Cash Flow Firm Growth		 0.00% 0.00% -3.54% -10.70% -52.60% 18.22% 16.38% 40.47% -23.17%
Invested Capital Growth		 0.00% -8.71% -89.58% -816.62% -131.01% 14.67% 24.68% -31.12% -26.33%
Revenue Q/Q Growth		 0.00% 0.00% -13.11% -5.17% -99.48% 100.64% -1.93% 3.89% -7.54%
EBITDA Q/Q Growth		 0.00% 0.00% -2.16% -0.59% 99.62% -100.30% 0.82% 9.83% 0.05%
EBIT Q/Q Growth		 0.00% 0.00% -1.88% -0.49% 99.61% -100.30% 0.85% 9.77% -0.08%
NOPAT Q/Q Growth		 0.00% 0.00% -1.88% -3.43% 99.56% -100.22% 0.85% 9.77% -0.08%
Net Income Q/Q Growth		 0.00% 0.00% -17.31% -2.44% 99.60% -100.30% 1.09% 8.23% -0.22%
EPS Q/Q Growth		 0.00% 0.00% -19.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -3.07% 1.70% -13.58% 10.55% 10.13% 5.40% -23.20%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 2.34% 99.61% -100.22% 13.21% 4.13% -27.48%
Invested Capital Q/Q Growth		 0.00% 0.00% -52.63% -125.85% -154.16% 1.88% -164.54% -46.19% 15.00%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 10.31% 20.70% 13.17% 11.05% 19.11% 27.54% 31.84% 100.00% 100.00%
EBITDA Margin		 -219.05% -535.46% -540.39% -587.40% -532.16% -337.23% -285.73% -169.05% -231.96%
Operating Margin		 -939.70% -586.09% -552.18% -625.85% -612.67% -346.92% -283.90% -168.82% -232.75%
EBIT Margin		 -365.06% -587.69% -552.18% -608.08% -545.88% -338.38% -283.90% -168.82% -232.75%
Profit (Net Income) Margin		 -281.61% -439.36% -494.21% -582.13% -543.73% -332.23% -234.42% -166.19% -238.31%
Tax Burden Percent		 96.97% 84.72% 100.12% 100.34% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 79.55% 88.25% 89.39% 95.41% 99.61% 98.18% 82.57% 98.45% 102.39%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -364.81% -406.33% -942.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -370.68% -405.50% -937.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 360.54% 394.02% 921.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -4.27% -12.32% -21.22% -29.00% -55.81% -66.05% -80.11% -139.16% -397.80%
Cash Return on Invested Capital (CROIC)		 0.00% -397.23% -780.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -5.46% -16.19% -22.99% -28.85% -51.09% -56.64% -75.05% -65.02% -72.38%
Return on Assets (ROA)		 -4.21% -12.10% -20.58% -27.62% -50.89% -55.61% -61.97% -64.01% -74.11%
Return on Common Equity (ROCE)		 -4.28% -12.32% -21.22% -29.00% -55.81% -66.05% -80.11% -139.16% -397.80%
Return on Equity Simple (ROE_SIMPLE)		 -4.27% -13.41% -23.16% -32.78% -71.07% -87.80% -115.60% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.99 -5.31 -6.50 -7.02 -10 -7.12 -5.76 -4.13 -5.03
NOPAT Margin		 -657.79% -410.26% -386.53% -438.10% -428.87% -242.84% -198.73% -118.17% -162.93%
Net Nonoperating Expense Percent (NNEP)		 5.87% -0.84% -4.71% -7.09% -11.06% -15.65% -10.25% -29.07% -59.64%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - -98.00% -55.46% -80.45%
Cost of Revenue to Revenue		 89.69% 79.30% 86.83% 88.95% 80.89% 72.46% 68.16% 0.00% 0.00%
SG&A Expenses to Revenue		 663.27% 349.12% 328.36% 379.84% 278.62% 219.14% 200.67% 175.51% 186.44%
R&D to Revenue		 290.48% 256.06% 235.34% 241.47% 349.12% 153.61% 113.75% 92.66% 89.16%
Operating Expenses to Revenue		 950.02% 605.18% 565.35% 636.90% 631.78% 374.46% 315.74% 268.82% 332.75%
Earnings before Interest and Taxes (EBIT)		 -2.77 -7.61 -9.28 -9.74 -13 -9.92 -8.23 -5.90 -7.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.66 -6.94 -9.08 -9.41 -13 -9.88 -8.28 -5.91 -7.17
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 3.93 5.20 6.90 3.17 7.89 20.96 27.60
Price to Tangible Book Value (P/TBV)		 0.00 0.00 3.93 5.20 6.90 3.17 7.89 20.96 27.60
Price to Revenue (P/Rev)		 0.00 0.00 83.85 92.30 52.80 11.99 16.00 14.81 11.01
Price to Earnings (P/E)		 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%
Earnings Yield		 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 0.00 808.56 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 62.60 73.96 44.25 7.58 13.50 13.59 9.87
Enterprise Value to EBITDA (EV/EBITDA)		 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
Enterprise Value to NOPAT (EV/NOPAT)		 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
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.01 4.08
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.01 4.08
Financial Leverage		 -0.97 -0.97 -0.98 -1.01 -1.07 -1.14 -1.19 -1.38 -2.11
Leverage Ratio		 1.02 1.02 1.03 1.05 1.10 1.19 1.29 2.17 5.37
Compound Leverage Factor		 0.81 0.90 0.92 1.00 1.09 1.17 1.07 2.14 5.50
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 66.83% 80.31%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 66.83% 80.31%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 100.05% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 33.17% 19.69%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.84 -0.70
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.73 0.49
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.84 -0.70
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.21 -1.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.04 0.70
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.21 -1.00
Altman Z-Score		 0.00 0.00 52.03 52.31 21.11 -0.68 -3.89 -8.69 -12.14
Noncontrolling Interest Sharing Ratio		 -0.05% -0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 64.53 50.31 22.44 18.32 8.22 5.48 3.58 4.01 2.68
Quick Ratio		 63.01 49.22 22.11 18.14 8.07 5.32 3.44 3.88 2.28
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -5.20 -5.38 -5.96 -9.09 -7.43 -6.21 -3.70 -4.56
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.64 -10.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9.29 -12.51
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9.29 -12.51
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.01 0.03 0.04 0.05 0.09 0.17 0.26 0.39 0.31
Accounts Receivable Turnover		 2.80 4.39 3.83 3.76 8.40 9.64 7.28 9.94 4.66
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 1.31 2.48 2.33 1.46 1.52 1.50 2.04 0.00 0.00
Days Sales Outstanding (DSO)		 130.44 83.09 95.24 97.15 43.43 37.86 50.12 36.71 78.39
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 279.18 147.33 156.59 250.58 240.37 242.76 178.52 0.00 0.00
Cash Conversion Cycle (CCC)		 -148.74 -64.25 -61.35 -153.43 -196.95 -204.91 -128.40 36.71 78.39
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 1.37 1.25 0.13 -0.93 -2.15 -1.84 -1.38 -1.82 -2.29
Invested Capital Turnover		 0.55 0.99 2.44 -3.99 -1.56 -1.47 -1.80 -2.18 -1.50
Increase / (Decrease) in Invested Capital		 0.00 -0.12 -1.12 -1.06 -1.22 0.32 0.45 -0.43 -0.48
Enterprise Value (EV)		 0.00 0.00 105 118 106 22 39 47 30
Market Capitalization		 0.00 0.00 141 148 127 35 46 52 34
Book Value per Share		 $1.73 $1.53 $1.32 $1.04 $0.66 $0.39 $0.20 $0.08 $0.03
Tangible Book Value per Share		 $1.73 $1.53 $1.32 $1.04 $0.66 $0.39 $0.20 $0.08 $0.03
Total Capital		 50 42 36 28 18 11 5.88 7.45 6.26
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.98 5.03
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.98 5.03
Net Debt		 -49 -41 -36 -29 -21 -13 -7.26 -4.29 -3.53
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1.16 0.70 -0.17 -0.94 -1.81 -1.67 -1.45 -1.88 -2.34
Debt-free Net Working Capital (DFNWC)		 49 42 34 28 18 11 5.82 7.38 6.21
Net Working Capital (NWC)		 49 42 34 28 18 11 5.82 7.38 6.21
Net Nonoperating Expense (NNE)		 -2.85 0.38 1.81 2.31 2.76 2.62 1.03 1.68 2.33
Net Nonoperating Obligations (NNO)		 -49 -41 -36 -29 -21 -13 -7.26 -4.29 -3.53
Total Depreciation and Amortization (D&A)		 1.11 0.68 0.20 0.33 0.33 0.03 -0.05 -0.01 0.02
Debt-free, Cash-free Net Working Capital to Revenue		 153.18% 53.70% -10.20% -58.61% -75.20% -56.93% -49.94% -53.89% -75.81%
Debt-free Net Working Capital to Revenue		 6,440.61% 3,234.27% 2,025.56% 1,757.62% 767.63% 374.48% 200.62% 211.13% 200.93%
Net Working Capital to Revenue		 6,440.61% 3,234.27% 2,025.56% 1,757.62% 767.63% 374.48% 200.62% 211.13% 200.93%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.07) ($0.21) ($0.31) ($0.34) ($0.47) ($0.34) ($0.24) ($0.20) ($0.23)
Adjusted Weighted Average Basic Shares Outstanding		 28.92M 26.71M 27.36M 27.55M 28.26M 28.36M 28.80M 29.32M 32.62M
Adjusted Diluted Earnings per Share		 ($0.07) ($0.21) ($0.31) ($0.34) ($0.47) $0.00 $0.00 $0.00 ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding		 28.92M 26.71M 27.36M 27.55M 28.26M 28.81M 28.97M 30.09M 32.62M
Adjusted Basic & Diluted Earnings per Share		 ($0.07) ($0.21) ($0.31) ($0.34) ($0.47) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.92M 27.67M 27.00M 27.47M 27.84M 28.81M 28.97M 30.09M 36.44M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.99 -5.31 -6.50 -7.02 -10 -7.12 -5.76 -4.13 -5.03
Normalized NOPAT Margin		 -657.79% -410.26% -386.53% -438.10% -428.87% -242.84% -198.73% -118.17% -162.93%
Pre Tax Income Margin		 -290.41% -518.64% -493.59% -580.18% -543.73% -332.23% -234.42% -166.19% -238.31%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -13.79 -15.78
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9.65 -11.04
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -13.79 -15.78
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9.65 -11.04
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -291.41% -40.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Dyadic International

This table displays calculated financial ratios and metrics derived from Dyadic International's 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		 28,811,061.00 28,811,061.00 28,974,105.00 29,236,814.00 29,477,639.00 29,589,371.00 30,090,661.00 30,090,661.00 36,187,798.00 36,187,798.00 36,438,703.00
DEI Adjusted Shares Outstanding		 28,811,061.00 28,811,061.00 28,974,105.00 29,236,814.00 29,477,639.00 29,589,371.00 30,090,661.00 30,090,661.00 36,187,798.00 36,187,798.00 36,438,703.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.06 -0.07 -0.07 -0.07 -0.01 -0.05 -0.07 -0.06 -0.05 -0.04 -0.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -54.86% -7.69% -65.79% -53.90% 393.00% 19.06% 17.62% 150.49% -40.50% -30.81% 182.28%
EBITDA Growth		 5.93% 3.06% -3.70% 11.81% 87.96% 29.63% 5.57% 15.66% -814.52% 0.22% 5.91%
EBIT Growth		 7.69% 3.16% -3.66% 10.82% 88.22% 29.45% 5.46% 15.35% -850.26% -0.38% 5.79%
NOPAT Growth		 7.69% 3.16% -3.66% 10.82% 88.22% 29.45% 5.79% 15.35% -850.26% -0.38% 4.98%
Net Income Growth		 10.77% 3.48% -110.11% 5.00% 87.40% 25.14% -0.89% 12.29% -871.20% -1.06% 3.60%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.29% -500.00% 0.00% 28.57%
Operating Cash Flow Growth		 -10.44% 45.09% 49.11% -18.71% 89.75% 24.58% -75.18% 93.38% -821.31% -154.18% -0.70%
Free Cash Flow Firm Growth		 -817.73% -4.68% 99.95% 61.23% 122.58% 67.54% -128.62% 83.64% -81.17% 6.71% 51.63%
Invested Capital Growth		 72.06% 24.68% -81.70% -29.32% -137.28% -31.12% 15.22% -69.74% -117.25% -26.33% -36.83%
Revenue Q/Q Growth		 -52.57% 72.90% -51.26% 15.32% 407.26% -58.24% -51.85% 145.60% 20.48% -51.44% 96.45%
EBITDA Q/Q Growth		 24.81% -24.83% 2.21% 3.92% 89.73% -629.60% -31.23% 13.88% -11.30% 20.39% -23.74%
EBIT Q/Q Growth		 24.90% -26.08% 1.99% 3.90% 90.08% -655.16% -31.34% 13.65% -11.35% 20.23% -23.26%
NOPAT Q/Q Growth		 24.90% -26.08% 1.99% 3.90% 90.08% -655.16% -30.88% 13.65% -11.35% 20.23% -23.88%
Net Income Q/Q Growth		 25.02% -28.34% 3.00% -1.77% 90.05% -662.25% -30.74% 11.53% -10.16% 20.69% -24.72%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 85.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -18.55% 52.93% -20.53% -76.50% 89.76% -246.37% -179.97% 93.33% -1,324.73% 4.44% -10.92%
Free Cash Flow Firm Q/Q Growth		 9.53% 22.81% 63.19% -50.78% 152.69% -210.98% -159.28% 89.21% 160.63% -649.84% -34.43%
Invested Capital Q/Q Growth		 54.22% -164.54% -22.37% 12.74% 16.00% -46.19% 20.87% -74.70% -7.51% 15.00% 14.29%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 73.34% 49.00% 56.98% 100.00% 100.00% 117.61% 100.00% 100.00% 100.00% 152.63% 100.00%
EBITDA Margin		 -438.66% -316.69% -635.43% -529.38% -10.71% -187.19% -510.14% -178.25% -164.67% -269.97% -170.04%
Operating Margin		 -433.21% -315.89% -635.22% -529.31% -10.35% -187.19% -508.80% -178.88% -165.32% -271.59% -171.27%
EBIT Margin		 -433.21% -315.89% -635.22% -529.31% -10.35% -187.19% -510.59% -178.88% -165.32% -271.59% -170.40%
Profit (Net Income) Margin		 -406.55% -301.78% -600.57% -529.99% -10.39% -189.74% -515.17% -185.57% -169.67% -277.13% -175.95%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.65% 100.00% 100.00% 100.00% 100.49%
Interest Burden Percent		 93.85% 95.53% 94.54% 100.13% 100.42% 101.36% 101.25% 103.74% 102.63% 102.04% 102.75%
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)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -67.80% -80.11% -102.46% -127.38% -114.42% -139.16% -214.26% -422.64% -244.15% -397.80% -2,826.92%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -104.65% -83.50% -112.40% -87.99% -3.47% -72.10% -176.40% -78.82% -49.16% -84.45% -82.63%
Return on Assets (ROA)		 -98.20% -79.77% -106.27% -88.11% -3.49% -73.08% -177.98% -81.77% -50.45% -86.18% -85.32%
Return on Common Equity (ROCE)		 -67.80% -80.11% -102.46% -127.38% -114.42% -139.16% -214.26% -422.64% -244.15% -397.80% -2,826.92%
Return on Equity Simple (ROE_SIMPLE)		 -89.78% 0.00% -173.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.20 -1.52 -1.49 -1.43 -0.14 -1.07 -1.40 -1.21 -1.35 -1.08 -1.33
NOPAT Margin		 -303.25% -221.12% -444.65% -370.52% -7.25% -131.03% -356.16% -125.21% -115.73% -190.11% -119.89%
Net Nonoperating Expense Percent (NNEP)		 -3.62% -5.49% -5.81% -8.33% -0.96% -8.31% -14.60% -17.61% -12.62% -12.60% -31.79%
Return On Investment Capital (ROIC_SIMPLE)		 - -25.82% -14.39% -16.59% -1.63% -14.38% -23.71% -27.07% -17.69% -17.18% -28.79%
Cost of Revenue to Revenue		 26.66% 51.00% 43.02% 0.00% 0.00% -17.61% 0.00% 0.00% 0.00% -52.63% 0.00%
SG&A Expenses to Revenue		 322.96% 240.63% 534.52% 416.63% 66.31% 176.23% 405.60% 148.62% 127.20% 220.58% 158.00%
R&D to Revenue		 180.41% 124.22% 156.22% 211.87% 43.74% 127.53% 157.90% 80.47% 70.98% 115.99% 73.47%
Operating Expenses to Revenue		 506.55% 364.89% 692.20% 629.31% 110.35% 304.80% 607.00% 278.88% 265.32% 424.22% 272.13%
Earnings before Interest and Taxes (EBIT)		 -1.72 -2.17 -2.13 -2.04 -0.20 -1.53 -2.01 -1.73 -1.93 -1.54 -1.89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.74 -2.17 -2.13 -2.04 -0.21 -1.53 -2.01 -1.72 -1.92 -1.53 -1.89
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.23 7.89 10.72 13.66 8.98 20.96 43.98 0.00 16.38 27.60 0.00
Price to Tangible Book Value (P/TBV)		 7.23 7.89 10.72 13.66 8.98 20.96 43.98 0.00 16.38 27.60 0.00
Price to Revenue (P/Rev)		 18.71 16.00 21.45 23.98 9.11 14.81 11.43 7.20 12.78 11.01 7.85
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 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 15.95 13.50 18.70 21.41 7.73 13.59 10.76 6.73 11.19 9.87 7.44
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 1.29 1.72 1.54 2.01 5.40 -9.44 1.92 4.08 -12.34
Long-Term Debt to Equity		 0.00 0.00 1.29 1.72 1.54 2.01 5.40 -9.44 1.92 4.08 -12.34
Financial Leverage		 -1.12 -1.19 -1.17 -1.22 -1.16 -1.38 -1.58 -2.51 -1.65 -2.11 -7.60
Leverage Ratio		 1.21 1.29 1.66 1.79 1.81 2.17 3.78 7.11 3.73 5.37 30.44
Compound Leverage Factor		 1.13 1.23 1.57 1.79 1.82 2.20 3.83 7.38 3.83 5.48 31.28
Debt to Total Capital		 0.00% 0.00% 56.34% 63.24% 60.69% 66.83% 84.38% 111.85% 65.79% 80.31% 108.81%
Short-Term Debt 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%
Long-Term Debt to Total Capital		 0.00% 0.00% 56.34% 63.24% 60.69% 66.83% 84.38% 111.85% 65.79% 80.31% 108.81%
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		 100.00% 100.00% 43.66% 36.76% 39.31% 33.17% 15.62% -11.85% 34.21% 19.69% -8.81%
Debt to EBITDA		 0.00 0.00 -0.70 -0.67 -0.80 -0.84 -0.86 -0.92 -0.70 -0.70 -0.71
Net Debt to EBITDA		 0.00 0.00 0.74 0.57 0.71 0.73 0.41 0.36 0.74 0.49 0.22
Long-Term Debt to EBITDA		 0.00 0.00 -0.70 -0.67 -0.80 -0.84 -0.86 -0.92 -0.70 -0.70 -0.71
Debt to NOPAT		 0.00 0.00 -1.00 -0.97 -1.15 -1.21 -1.23 -1.31 -1.00 -1.00 -1.01
Net Debt to NOPAT		 0.00 0.00 1.07 0.82 1.02 1.04 0.58 0.52 1.05 0.70 0.31
Long-Term Debt to NOPAT		 0.00 0.00 -1.00 -0.97 -1.15 -1.21 -1.23 -1.31 -1.00 -1.00 -1.01
Altman Z-Score		 9.57 -1.45 -4.93 -7.13 -7.26 -7.24 -11.63 -13.05 -7.68 -10.26 -14.54
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		 6.24 3.58 5.54 5.39 5.15 4.01 3.98 2.02 2.85 2.68 2.42
Quick Ratio		 5.90 3.44 5.44 5.33 4.97 3.88 3.87 1.57 2.44 2.28 2.07
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.55 -1.97 -0.73 -1.09 0.58 -0.64 -1.66 -0.18 0.11 -0.60 -0.80
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -22.37 -7.76 4.50 -5.07 -14.61 -1.57 0.95 -5.22 -7.35
Operating Cash Flow to Interest Expense		 0.00 0.00 -34.29 -13.92 -1.57 -5.52 -17.17 -1.14 -16.23 -15.47 -17.98
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -34.29 -13.92 -1.57 -5.52 -17.17 -1.14 -16.23 -15.47 -17.98
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.24 0.26 0.18 0.17 0.34 0.39 0.35 0.44 0.30 0.31 0.48
Accounts Receivable Turnover		 9.05 7.28 4.51 3.55 8.73 9.94 15.19 8.27 5.13 4.66 6.25
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 3.38 2.04 1.95 0.90 0.85 0.00 0.00 2.30 1.52 0.00 0.00
Days Sales Outstanding (DSO)		 40.33 50.12 80.94 102.92 41.81 36.71 24.02 44.13 71.18 78.39 58.39
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 107.88 178.52 187.57 407.14 429.20 0.00 0.00 158.54 239.60 0.00 0.00
Cash Conversion Cycle (CCC)		 -67.54 -128.40 -106.64 -304.22 -387.39 36.71 24.02 -114.41 -168.42 78.39 58.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.52 -1.38 -1.69 -1.48 -1.24 -1.82 -1.44 -2.51 -2.70 -2.29 -1.97
Invested Capital Turnover		 -2.47 -1.80 -1.72 -1.38 -3.81 -2.18 -2.27 -2.07 -1.70 -1.50 -2.24
Increase / (Decrease) in Invested Capital		 1.35 0.45 -0.76 -0.34 -0.72 -0.43 0.26 -1.03 -1.46 -0.48 -0.53
Enterprise Value (EV)		 47 39 42 39 26 47 38 28 37 30 28
Market Capitalization		 55 46 48 43 31 52 41 30 43 34 30
Book Value per Share		 $0.27 $0.20 $0.16 $0.11 $0.12 $0.08 $0.03 ($0.02) $0.07 $0.03 ($0.01)
Tangible Book Value per Share		 $0.27 $0.20 $0.16 $0.11 $0.12 $0.08 $0.03 ($0.02) $0.07 $0.03 ($0.01)
Total Capital		 7.65 5.88 10 8.62 8.68 7.45 5.91 4.47 7.62 6.26 4.63
Total Debt		 0.00 0.00 5.83 5.45 5.27 4.98 4.99 5.00 5.01 5.03 5.03
Total Long-Term Debt		 0.00 0.00 5.83 5.45 5.27 4.98 4.99 5.00 5.01 5.03 5.03
Net Debt		 -8.18 -7.26 -6.21 -4.65 -4.65 -4.29 -2.36 -1.98 -5.31 -3.53 -1.56
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.55 -1.45 -1.76 -1.54 -1.31 -1.88 -1.51 -2.83 -2.76 -2.34 -2.00
Debt-free Net Working Capital (DFNWC)		 7.63 5.82 10 8.55 8.61 7.38 5.84 3.75 7.49 6.21 4.52
Net Working Capital (NWC)		 7.63 5.82 10 8.55 8.61 7.38 5.84 3.75 7.49 6.21 4.52
Net Nonoperating Expense (NNE)		 0.41 0.55 0.52 0.62 0.06 0.48 0.63 0.58 0.63 0.49 0.62
Net Nonoperating Obligations (NNO)		 -8.18 -7.26 -6.21 -4.65 -4.65 -4.29 -2.36 -1.98 -5.31 -3.53 -1.56
Total Depreciation and Amortization (D&A)		 -0.02 -0.01 -0.00 -0.00 -0.01 0.00 0.00 0.01 0.01 0.01 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 -18.45% -49.94% -77.97% -85.57% -38.91% -53.89% -42.38% -68.35% -82.62% -75.81% -52.54%
Debt-free Net Working Capital to Revenue		 258.14% 200.62% 455.77% 474.14% 256.00% 211.13% 164.39% 90.57% 224.20% 200.93% 118.60%
Net Working Capital to Revenue		 258.14% 200.62% 455.77% 474.14% 256.00% 211.13% 164.39% 90.57% 224.20% 200.93% 118.60%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.06) ($0.08) ($0.07) ($0.07) ($0.01) ($0.05) ($0.07) ($0.06) ($0.06) ($0.04) ($0.05)
Adjusted Weighted Average Basic Shares Outstanding		 28.81M 28.80M 28.83M 29.29M 29.50M 29.32M 29.89M 30.10M 34.51M 32.62M 36.40M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.06) ($0.06) $0.00 ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding		 28.81M 28.97M 29.24M 29.48M 29.59M 29.32M 30.09M 30.10M 34.51M 32.62M 36.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.81M 28.97M 29.24M 29.48M 29.59M 30.09M 30.09M 36.19M 36.19M 36.44M 36.44M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.20 -1.52 -1.49 -1.43 -0.14 -1.07 -1.40 -1.21 -1.35 -1.08 -1.33
Normalized NOPAT Margin		 -303.25% -221.12% -444.65% -370.52% -7.25% -131.03% -356.16% -125.21% -115.73% -190.11% -119.89%
Pre Tax Income Margin		 -406.55% -301.78% -600.57% -529.99% -10.39% -189.74% -516.97% -185.57% -169.67% -277.13% -175.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 -65.49 -14.48 -1.58 -12.12 -17.70 -15.19 -16.87 -13.43 -17.34
NOPAT to Interest Expense		 0.00 0.00 -45.84 -10.13 -1.11 -8.48 -12.34 -10.63 -11.81 -9.40 -12.20
EBIT Less CapEx to Interest Expense		 0.00 0.00 -65.49 -14.48 -1.58 -12.12 -17.70 -15.19 -16.87 -13.43 -17.34
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -45.84 -10.13 -1.11 -8.48 -12.34 -10.63 -11.81 -9.40 -12.20
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

Dyadic International (NASDAQ: DYAI) continues to operate in a high-burn, cash-rich-but-loss-making mode. Over the last four years, revenue has been volatile and generally modest, while operating expenses have stayed far above sales. The company ended Q1 2026 with a smaller cash balance than at year-end 2025, but still held a meaningful liquidity cushion. However, the balance sheet remains burdened by debt and negative retained earnings, and profitability has not improved yet.

  • Q1 2026 revenue rose to $1.11 million from $565.5 thousand in Q4 2025, showing a strong sequential rebound in top-line activity.
  • The company still had $4.25 million in cash and equivalents, plus $1.36 million in short-term investments and $908 thousand in restricted cash at the end of Q1 2026.
  • Investing activities generated $1.27 million of cash in Q1 2026, helped by $1.83 million of investment sales and maturities.
  • Compared with Q1 2025, quarterly revenue more than doubled, increasing from $393.6 thousand to $1.11 million.
  • Reported operating loss improved year over year, narrowing slightly from -$2.00 million in Q1 2025 to -$1.90 million in Q1 2026.
  • The company’s Q1 2026 gross profit equaled revenue because reported cost of revenue was $0, which may reflect the nature of its business model or reporting structure rather than a traditional manufacturing margin.
  • Basic and diluted EPS were both -$0.05 in Q1 2026, versus -$0.04 in Q4 2025 and -$0.07 in Q1 2025.
  • Long-term debt remained elevated at $5.03 million in Q1 2026, only slightly below $5.01 million in Q3 2025 and still a major balance-sheet obligation.
  • Total liabilities of $8.22 million exceeded total assets of $7.81 million in Q1 2026, leaving shareholders’ equity negative at -$407.7 thousand.
  • Dyadic remains deeply unprofitable, with Q1 2026 net loss at -$1.95 million on just $1.11 million of revenue.
  • Operating cash flow was -$1.96 million in Q1 2026, showing the business is still consuming cash from core operations.
  • Q1 2026 cash and equivalents fell by $697.8 thousand during the quarter, even after investment sales.
  • Operating expenses remained far too high relative to revenue: SG&A of $1.76 million, R&D of $816 thousand, and other operating expenses of $452 thousand in Q1 2026.
  • The balance sheet is highly levered versus equity, and the company has negative retained earnings of -$95.4 million, reflecting years of accumulated losses.

Longer-term trend: Revenue has not shown a consistent upward trajectory. Quarterly sales ranged from roughly $335 thousand to $1.96 million over the period provided, but losses stayed persistent and operating expenses generally outpaced revenue by a wide margin. The notable improvement in Q1 2026 revenue is encouraging, but investors should watch whether it can translate into sustained growth and lower cash burn.

Bottom line: DYAI appears to have enough liquidity for now, but it is still dependent on improving revenue and tighter cost control to reduce ongoing losses. The current trend is better on the top line, but profitability and balance-sheet strength remain significant concerns.

07/18/26 10:18 AM ETAI Generated. May Contain Errors.

Dyadic International Financials - Frequently Asked Questions

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

Dyadic International's net income appears to be on an upward trend, with a most recent value of -$7.36 million in 2025, rising from -$2.14 million in 2017. The previous period was -$5.81 million in 2024. Find out what analysts predict for Dyadic International in the coming months.

Dyadic International's total operating income in 2025 was -$7.19 million, based on the following breakdown:
  • Total Gross Profit: $3.09 million
  • Total Operating Expenses: $10.28 million

Over the last 8 years, Dyadic International's total revenue changed from $758.42 thousand in 2017 to $3.09 million in 2025, a change of 307.5%.

Dyadic International's total liabilities were at $8.71 million at the end of 2025, a 16.8% increase from 2024, and a 1,033.2% increase since 2017.

In the past 8 years, Dyadic International's cash and equivalents has ranged from $2.39 million in 2018 to $20.64 million in 2020, and is currently $4.62 million as of their latest financial filing in 2025.

Over the last 8 years, Dyadic International's book value per share changed from 1.73 in 2017 to 0.03 in 2025, a change of -98.0%.


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