What is Minim's operating income?

Minim's total operating income in 2025 was $1.55 million, based on the following breakdown: Total Gross Profit: $5.35 million Total Operating Expenses: $3.80 million

Minim (FIEE) Financials

$3.52 -0.13 (-3.42%)

As of 04:00 PM Eastern

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Annual Income Statements for Minim

This table shows Minim's 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	12/31/2024	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.83	-2.93	-1.37	-0.07	-3.28	-3.86	-2.20	-16	-4.22	-4.22	1.07
Consolidated Net Income / (Loss)	-0.83	-2.93	-1.37	-0.07	-3.28	-3.86	-2.20	-16	-4.22	-4.22	1.07
Net Income / (Loss) Continuing Operations	-0.83	-2.93	-1.37	-0.07	-3.28	-3.86	-2.20	-16	-4.25	-4.22	1.07
Total Pre-Tax Income	-0.83	-2.93	-1.35	-0.05	-3.25	-3.83	-2.13	-15	-4.24	-4.24	1.52
Total Operating Income	-0.74	-2.88	-1.21	0.05	-3.22	-4.82	-1.93	-15	-4.24	-4.24	1.55
Total Gross Profit	3.40	5.37	10	12	11	14	19	12	0.21	0.21	5.35
Total Revenue	11	18	29	32	38	48	55	51	0.64	0.64	6.19
Operating Revenue	11	18	29	32	38	48	55	51	0.64	0.64	6.19
Total Cost of Revenue	7.39	12	19	21	27	34	37	39	0.43	0.43	0.84
Operating Cost of Revenue	7.39	12	19	21	27	34	37	39	0.43	0.43	0.84
Total Operating Expenses	4.14	8.25	11	12	14	18	21	27	4.44	4.44	3.80
Selling, General & Admin Expense	2.80	6.73	9.51	9.82	12	5.44	4.89	6.12	2.06	2.06	3.34
Marketing Expense	-	-	-	-	-	9.15	14	15	0.07	0.07	0.42
Research & Development Expense	1.34	1.52	1.94	1.77	2.24	3.83	6.16	5.82	0.11	0.11	0.05
Other Operating Expenses / (Income)	-	0.00	-	-	-	-	-	-	2.20	2.20	0.00
Total Other Income / (Expense), net	-0.09	-0.04	-0.14	-0.10	-0.03	0.99	-0.21	-0.39	0.00	0.00	-0.03
Interest Expense	0.07	0.05	0.10	0.08	0.05	-1.01	0.25	0.39	0.00	-0.00	0.01
Other Income / (Expense), net	-0.01	0.01	-0.04	-0.02	0.00	-0.02	-	0.00	0.00	0.00	-0.02
Income Tax Expense	0.01	0.01	0.01	0.03	0.02	0.03	0.06	0.11	0.01	-0.01	0.45
Basic Earnings per Share	($0.09)	($0.21)	($0.09)	$0.00	($0.18)	($0.15)	($0.06)	($8.38)	($1.34)	($1.34)	$0.12
Weighted Average Basic Shares Outstanding	9.47M	13.91M	14.92M	15.96M	18.05M	25.30M	39.76M	1.86M	3.16M	3.16M	5.62M
Diluted Earnings per Share	($0.09)	($0.21)	($0.09)	$0.00	($0.18)	-	-	($8.38)	($1.34)	($1.34)	$0.10
Weighted Average Diluted Shares Outstanding	9.47M	13.91M	14.92M	15.96M	18.05M	25.30M	39.76M	1.86M	3.16M	3.16M	7.08M
Weighted Average Basic & Diluted Shares Outstanding	9.47M	13.91M	14.92M	15.96M	18.05M	25.30M	39.76M	47.19M	-	-	7.93M

This table shows Minim'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	-6.82	-1.15	-3.26	-0.49	-0.63	0.15	-0.37	-0.64	-0.25	2.34	0.35
Consolidated Net Income / (Loss)	-6.82	-1.15	-3.26	-0.49	-0.63	0.15	-0.37	-0.64	-0.25	2.34	0.35
Net Income / (Loss) Continuing Operations	-6.82	-1.15	-3.26	-0.49	-0.63	0.15	-0.37	-0.64	-0.25	2.34	0.35
Total Pre-Tax Income	-6.82	-1.13	-3.27	-0.49	-0.63	0.15	-0.37	-0.64	-0.11	2.65	0.49
Total Operating Income	-6.72	-1.10	-3.27	-0.49	-0.63	0.15	-0.37	-0.64	-0.10	2.66	0.43
Total Gross Profit	-3.00	0.37	0.21	0.00	0.00	-	-0.00	0.00	1.65	3.71	1.49
Total Revenue	6.70	1.46	0.64	0.00	0.00	-	0.00	0.04	1.94	4.21	2.12
Operating Revenue	6.70	1.46	0.64	0.00	0.00	-	0.00	0.04	1.94	4.21	2.12
Total Cost of Revenue	9.69	1.09	0.43	0.00	0.00	-	0.00	0.04	0.29	0.50	0.63
Operating Cost of Revenue	9.69	1.09	0.43	0.00	0.00	-	0.00	0.04	0.29	0.50	0.63
Total Operating Expenses	3.72	1.47	3.48	0.49	0.63	-0.15	0.37	0.64	1.75	1.05	1.07
Selling, General & Admin Expense	0.96	1.30	1.02	0.57	0.63	-0.15	0.34	0.60	1.72	0.68	1.00
Marketing Expense	2.07	0.09	0.02	0.05	0.00	-	0.00	0.02	0.03	0.37	0.03
Research & Development Expense	0.69	0.09	0.07	0.04	0.00	-	0.03	0.02	0.00	-	0.04
Total Other Income / (Expense), net	-0.10	-0.03	0.00	0.00	0.00	-	-0.00	-0.00	-0.01	-0.01	0.06
Interest Expense	0.10	0.03	-0.00	-0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Income / (Expense), net	-	-	-	0.00	0.00	-	0.00	-0.00	-0.01	-	0.06
Income Tax Expense	-0.00	0.02	-0.01	-0.00	0.00	-	0.00	0.00	0.14	0.31	0.14
Basic Earnings per Share	($3.61)	($0.56)	($1.18)	($0.16)	($0.21)	$0.05	($0.10)	($0.13)	($0.04)	$0.39	$0.03
Weighted Average Basic Shares Outstanding	1.89M	2.04M	2.77M	2.97M	3.02M	3.16M	3.71M	5.09M	6.30M	5.62M	7.94M
Diluted Earnings per Share	($3.61)	($0.56)	($1.18)	($0.16)	($0.21)	$0.05	($0.10)	($0.13)	($0.04)	$0.37	$0.02
Weighted Average Diluted Shares Outstanding	1.89M	2.04M	2.77M	2.97M	3.02M	3.16M	3.71M	5.09M	6.30M	7.08M	10.44M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	2.81M	2.81M	3.56M	0.00	3.71M	6.22M	6.30M	7.93M	8.33M

This table details how cash moves in and out of Minim's 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	1.71	-1.67	0.05	-0.10	1.24	0.20	11	44	22	-0.68	3.05
Net Cash From Operating Activities	-0.37	-4.21	1.33	-1.80	-1.54	-7.09	-14	44	22	-3.77	3.64
Net Cash From Continuing Operating Activities	-0.37	-4.21	1.33	-1.80	-1.54	-7.09	-14	44	22	-3.77	3.64
Net Income / (Loss) Continuing Operations	-0.83	-2.93	-1.37	-0.07	-3.28	-3.86	-2.20	-16	-18	-4.22	1.07
Consolidated Net Income / (Loss)	-0.83	-2.93	-1.37	-0.07	-3.28	-3.86	-2.20	-16	-18	-4.22	1.07
Depreciation Expense	0.12	0.54	0.50	0.37	0.61	0.24	0.96	-	-	0.35	0.44
Amortization Expense	-	-	-	-	-	0.14	0.22	-	-	0.02	0.06
Non-Cash Adjustments To Reconcile Net Income	0.09	0.22	0.40	0.32	0.79	-0.72	1.68	60	40	2.79	2.70
Changes in Operating Assets and Liabilities, net	0.25	-2.03	1.81	-2.42	0.34	-2.89	-15	-	-	-2.70	-0.64
Net Cash From Investing Activities	-0.83	-0.53	-0.25	-0.33	-0.48	-0.58	-0.68	0.00	0.00	0.01	-4.87
Net Cash From Continuing Investing Activities	-0.83	-0.53	-0.25	-0.33	-0.48	-0.58	-0.68	0.00	0.00	0.01	-4.87
Purchase of Property, Plant & Equipment	-0.83	-0.53	-0.25	-0.24	-0.17	-0.30	-0.59	-	-	0.00	-0.19
Acquisitions	-	-	-	-	-	-	-	-	-	0.00	-3.49
Divestitures	-	-	-	-	0.00	0.50	-	-	-	0.01	0.00
Other Investing Activities, net	-	-	-	-0.09	-0.31	-0.78	-0.09	-	-	0.00	-1.20
Net Cash From Financing Activities	2.91	3.07	-1.04	2.03	3.26	7.88	26	0.00	0.00	3.08	4.30
Net Cash From Continuing Financing Activities	2.91	3.07	-1.04	2.03	3.26	7.88	26	0.00	0.00	3.08	4.30
Issuance of Debt	-	1.31	-	1.65	0.00	0.32	5.17	-	-	0.00	0.30
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	-	3.08	0.00
Issuance of Common Equity	3.71	1.53	-	-	4.94	3.16	23	-	-	0.00	4.00
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	-	0.00	-0.01
Cash Interest Paid	0.07	0.05	0.10	0.08	0.05	0.05	0.27	-	-	0.00	0.00
Cash Income Taxes Paid	0.01	0.01	0.01	0.03	0.03	0.03	0.06	-	-	0.01	0.00

This table details how cash moves in and out of Minim'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	24	-2.06	-1.79	1.71	-0.44	-0.16	-0.02	4.49	1.40	-2.82	1.50
Net Cash From Operating Activities	21	-2.06	-1.79	-1.09	-0.90	0.01	-0.37	0.54	2.31	1.16	0.07
Net Cash From Continuing Operating Activities	21	-2.06	-1.79	-1.09	-0.90	0.01	-0.37	0.54	2.31	1.16	0.07
Net Income / (Loss) Continuing Operations	-7.18	-1.17	-3.26	-0.49	-0.63	0.15	-0.37	-0.64	-0.25	2.34	0.35
Consolidated Net Income / (Loss)	-7.18	-1.17	-3.26	-0.49	-0.63	0.15	-0.37	-0.64	-0.25	2.34	0.35
Depreciation Expense	-	-	-	-	0.07	0.06	0.05	0.02	0.15	0.22	0.34
Amortization Expense	-	-	-	-	-	-	0.01	0.01	0.02	0.02	0.01
Non-Cash Adjustments To Reconcile Net Income	40	-0.88	1.47	1.13	0.01	0.18	0.01	-	1.15	1.55	0.12
Changes in Operating Assets and Liabilities, net	-	-	-	-	-0.36	-0.38	-0.06	1.15	1.24	-2.96	-0.76
Net Cash From Investing Activities	0.38	-	0.00	-	-	0.01	0.00	-	-0.91	-3.97	-0.52
Net Cash From Continuing Investing Activities	0.38	-	0.00	-	-	0.01	0.00	-	-0.91	-3.97	-0.52
Purchase of Property, Plant & Equipment	-	-	-	-	-	-	0.00	-	-	-0.18	-0.52
Net Cash From Financing Activities	2.35	-	0.00	2.80	0.47	-0.18	0.35	3.95	-	-	1.97
Net Cash From Continuing Financing Activities	2.35	-	0.00	2.80	0.47	-0.18	0.35	3.95	-	-	1.97
Repayment of Debt	-	-	-	-	-	-	0.00	-	-	-	-0.03
Issuance of Debt	-	-	-	-	-	-	0.35	-	-	-	0.00
Issuance of Common Equity	-	-	-	-	0.47	-0.47	0.00	3.65	-	-	2.00
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	-	0.00	-0.01	-0.03
Cash Interest Paid	-	-	-	-	-	-	0.00	-	-	-	0.00
Cash Income Taxes Paid	-	-	-	-	0.01	-	0.00	-	-	-	0.27

This table presents Minim's 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	6.87	9.02	8.79	12	14	30	54	31	12	0.31	11
Total Current Assets	6.09	8.26	8.24	12	13	28	52	30	11	0.16	6.61
Cash & Equivalents	1.85	0.18	0.23	0.13	1.22	0.77	13	0.53	0.71	0.03	3.08
Accounts Receivable	1.08	2.50	2.23	2.76	4.07	9.20	4.88	2.76	0.70	0.00	3.33
Prepaid Expenses	0.38	0.65	0.58	0.19	0.27	0.40	0.59	0.36	0.04	0.13	0.20
Plant, Property, & Equipment, net	0.21	0.18	0.16	0.26	0.30	0.46	0.76	0.64	0.43	0.12	0.37
Total Noncurrent Assets	0.57	0.59	0.39	0.22	0.45	1.48	1.11	0.76	0.53	0.02	3.79
Intangible Assets	-	-	-	-	0.00	0.39	0.26	0.07	0.03	0.00	3.53
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	0.00
Other Noncurrent Operating Assets	0.57	0.59	0.39	0.22	0.45	1.03	0.79	0.69	0.50	0.02	0.26
Total Liabilities & Shareholders' Equity	6.87	9.02	8.79	12	14	30	54	31	12	0.31	11
Total Liabilities	1.72	4.86	5.62	8.34	7.79	22	24	15	12	0.44	4.18
Total Current Liabilities	1.72	4.86	5.62	8.34	7.79	22	23	14	12	0.44	4.18
Accounts Payable	1.42	2.50	3.53	4.37	5.02	12	12	2.84	11	0.14	0.51
Accrued Expenses	0.29	1.05	1.17	2.23	2.67	7.47	5.28	4.44	1.08	0.29	1.17
Current Deferred Revenue	-	-	-	-	-	0.00	0.29	0.63	-	-	1.50
Current Deferred & Payable Income Tax Liabilities	-	0.00	0.83	-	-	-	-	-	-	0.00	0.97
Other Current Liabilities	0.00	1.31	0.09	0.00	0.10	0.07	0.14	1.15	0.02	0.00	0.03
Total Noncurrent Liabilities	0.00	0.00	0.00	0.00	0.00	0.04	0.54	0.79	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5.15	4.16	3.17	3.88	6.11	7.79	30	16	0.12	-0.13	6.59
Total Preferred & Common Equity	5.15	4.16	3.17	3.88	6.11	7.79	30	16	0.12	-0.13	6.59
Preferred Stock	-	-	-	-	-	0.00	0.00	0.00	0.00	1.64	1.64
Total Common Equity	5.15	4.16	3.17	3.88	6.11	7.79	30	16	0.12	-1.77	4.95
Common Stock	38	40	40	41	47	65	90	91	93	95	101
Retained Earnings	-33	-36	-37	-37	-41	-57	-59	-75	-92	-97	-96
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-	0.00	-0.01

This table presents Minim'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	15	1.50	0.95	0.43	0.36	7.05	8.51	12
Total Current Assets	14	1.08	0.65	0.22	0.10	5.20	6.73	6.24
Cash & Equivalents	0.47	1.03	0.63	0.19	0.01	4.50	5.91	4.58
Accounts Receivable	3.00	0.02	0.00	0.00	-	0.52	0.62	1.44
Prepaid Expenses	0.13	0.03	0.02	0.02	0.09	0.18	0.21	0.22
Plant, Property, & Equipment, net	0.56	0.35	0.26	0.19	0.07	0.27	0.32	0.90
Total Noncurrent Assets	0.63	0.08	0.03	0.03	0.18	1.58	1.46	4.70
Intangible Assets	0.04	0.03	0.00	0.00	-	1.27	1.17	3.21
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.03
Other Noncurrent Operating Assets	0.59	0.05	0.03	0.03	0.18	0.31	0.28	1.47
Total Liabilities & Shareholders' Equity	15	1.50	0.95	0.43	0.36	7.05	8.51	12
Total Liabilities	15	1.42	1.36	0.99	0.86	4.12	4.60	2.94
Total Current Liabilities	14	1.42	1.36	0.99	0.85	4.12	4.60	2.94
Accounts Payable	10	0.40	0.26	0.31	0.43	0.00	0.15	0.26
Accrued Expenses	1.40	1.01	1.09	0.68	-	0.76	0.86	1.14
Current Deferred Revenue	0.85	-	-	-	-	-	-	0.67
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	0.86
Other Current Liabilities	1.05	0.01	0.00	0.00	0.41	3.06	3.29	0.01
Total Noncurrent Liabilities	0.75	0.00	0.00	0.00	0.02	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.14	0.08	-0.40	-0.56	-0.50	2.93	3.91	8.90
Total Preferred & Common Equity	0.14	0.08	-0.40	-0.56	-0.50	2.93	3.91	8.90
Preferred Stock	0.00	1.36	1.36	1.36	1.64	1.64	1.64	1.64
Total Common Equity	0.14	-1.28	-1.76	-1.92	-2.14	1.29	2.27	7.26
Common Stock	91	94	94	95	95	99	100	103
Retained Earnings	-91	-96	-96	-97	-97	-98	-98	-95
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	0.00	0.00	-0.04

This table displays calculated financial ratios and metrics derived from Minim's 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	12/31/2024	12/31/2024	12/31/2025
DEI Shares Outstanding	13,271,303.00	14,595,290.00	15,067,790.00	16,106,681.00	20,880,136.00	24,058,642.00	45,856,351.00	46,578,730.00	3,557,581.00	3,557,581.00	6,295,961.00
DEI Adjusted Shares Outstanding	530,852.00	583,812.00	602,712.00	644,267.00	835,205.00	962,346.00	1,834,254.00	1,863,149.00	3,557,581.00	3,557,581.00	6,295,961.00
DEI Earnings Per Adjusted Shares Outstanding	-1.57	-5.02	-2.27	-0.12	-3.92	-4.01	-1.20	-8.35	-1.19	-1.19	0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.34%	65.28%	64.95%	9.88%	16.37%	27.58%	15.49%	-8.66%	-98.74%	0.00%	867.91%
EBITDA Growth	-393.24%	-267.74%	67.62%	152.38%	-760.79%	-71.36%	83.17%	-1,746.16%	72.16%	0.00%	152.51%
EBIT Growth	-464.61%	-280.96%	56.35%	102.36%	-10,954.84%	-50.52%	60.16%	-679.92%	71.84%	0.00%	136.11%
NOPAT Growth	-292.78%	-289.65%	57.97%	104.35%	-6,214.82%	-49.64%	59.99%	-680.04%	71.85%	0.00%	136.88%
Net Income Growth	-780.19%	-252.06%	53.39%	94.57%	-4,310.25%	-17.79%	43.02%	-607.21%	72.83%	0.00%	125.39%
EPS Growth	-550.00%	-133.33%	57.14%	100.00%	0.00%	0.00%	0.00%	0.00%	84.01%	0.00%	107.46%
Operating Cash Flow Growth	9.82%	-1,033.87%	131.73%	-235.16%	14.79%	-361.59%	-101.19%	14.73%	69.01%	-117.27%	196.41%
Free Cash Flow Firm Growth	-1,114.12%	-49.30%	107.07%	-1,419.75%	40.08%	-389.83%	-105.11%	46.51%	313.47%	-117.17%	13.27%
Invested Capital Growth	63.63%	20.40%	-26.10%	86.64%	-13.65%	84.34%	157.57%	-10.85%	-100.80%	0.00%	2,288.47%
Revenue Q/Q Growth	-8.01%	23.34%	14.46%	-4.14%	9.00%	7.05%	-5.55%	0.30%	-98.19%	102.74%	212.07%
EBITDA Q/Q Growth	-279.57%	-6.77%	41.86%	-52.26%	-3.99%	-37.48%	46.68%	-23.00%	80.22%	-151.62%	311.23%
EBIT Q/Q Growth	-358.68%	-9.14%	31.96%	-93.32%	-12.81%	-29.22%	20.26%	-21.01%	79.30%	-156.56%	259.17%
NOPAT Q/Q Growth	-383.42%	-8.40%	32.72%	-91.76%	-12.52%	-29.70%	20.26%	-21.03%	79.30%	-139.47%	262.56%
Net Income Q/Q Growth	-717.66%	-9.95%	30.61%	-120.32%	-10.96%	-2.31%	-34.34%	-21.22%	79.89%	-153.52%	195.85%
EPS Q/Q Growth	-550.00%	4.55%	35.71%	-100.00%	-12.50%	0.00%	0.00%	-21.22%	87.94%	-151.34%	155.56%
Operating Cash Flow Q/Q Growth	38.35%	-13.61%	508.83%	-33.68%	-136.83%	-948.34%	16.67%	22.59%	-225.64%	35.43%	0.00%
Free Cash Flow Firm Q/Q Growth	-39.75%	-30.76%	116.20%	-427.35%	42.35%	-673.24%	16.98%	40.11%	78.27%	-133.58%	-1,064.49%
Invested Capital Q/Q Growth	1.70%	15.44%	-12.50%	28.12%	-3.09%	169.33%	13.89%	-18.32%	-128.28%	78.66%	307.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.53%	30.09%	34.81%	36.02%	28.99%	28.35%	34.13%	23.56%	32.39%	32.39%	86.44%
EBITDA Margin	-5.86%	-13.05%	-2.56%	1.22%	-6.93%	-9.31%	-1.36%	-27.43%	-604.07%	-604.07%	32.77%
Operating Margin	-6.86%	-16.17%	-4.12%	0.16%	-8.56%	-10.04%	-3.48%	-29.72%	-661.92%	-661.92%	25.03%
EBIT Margin	-6.99%	-16.10%	-4.26%	0.09%	-8.55%	-10.09%	-3.48%	-29.72%	-661.92%	-661.92%	24.70%
Profit (Net Income) Margin	-7.72%	-16.45%	-4.65%	-0.23%	-8.71%	-8.04%	-3.97%	-30.72%	-660.15%	-660.15%	17.32%
Tax Burden Percent	100.89%	100.24%	101.08%	153.21%	100.76%	100.70%	102.99%	100.73%	99.74%	99.74%	70.53%
Interest Burden Percent	109.54%	101.89%	107.87%	-163.60%	101.07%	79.14%	110.69%	102.62%	100.00%	100.00%	99.41%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.47%
Return on Invested Capital (ROIC)	-19.45%	-55.41%	-24.51%	0.87%	-44.07%	-50.05%	-8.64%	-49.46%	-29.78%	0.00%	65.39%
ROIC Less NNEP Spread (ROIC-NNEP)	12.29%	34.80%	228.93%	-15.16%	-866.09%	182.81%	15.54%	187.08%	-97.88%	0.00%	66.74%
Return on Net Nonoperating Assets (RNNOA)	-3.34%	-7.57%	-12.77%	-2.98%	-21.55%	-5.47%	-2.85%	-16.95%	-22.33%	0.00%	-32.18%
Return on Equity (ROE)	-22.79%	-62.98%	-37.28%	-2.11%	-65.61%	-55.52%	-11.49%	-66.41%	-52.10%	60,025.26%	33.21%
Cash Return on Invested Capital (CROIC)	-67.72%	-73.92%	5.50%	-59.58%	-29.42%	-109.37%	-96.77%	-37.99%	0.00%	0.00%	-73.37%
Operating Return on Assets (OROA)	-13.86%	-36.14%	-14.07%	0.28%	-24.63%	-22.25%	-4.60%	-35.29%	-27.09%	-66.88%	27.61%
Return on Assets (ROA)	-15.31%	-36.91%	-15.35%	-0.71%	-25.08%	-17.73%	-5.24%	-36.47%	-27.02%	-66.70%	19.36%
Return on Common Equity (ROCE)	-22.79%	-62.98%	-37.28%	-2.11%	-65.61%	-55.52%	-11.49%	-66.41%	-46.84%	7,053,145.58%	16.35%
Return on Equity Simple (ROE_SIMPLE)	-16.17%	-70.49%	-43.10%	-1.92%	-53.62%	-49.53%	-7.21%	-95.13%	3,249.64%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.52	-2.02	-0.85	0.04	-2.25	-3.37	-1.35	-11	-2.96	-2.96	1.09
NOPAT Margin	-4.80%	-11.32%	-2.88%	0.11%	-5.99%	-7.03%	-2.44%	-20.80%	-463.34%	-463.34%	17.66%
Net Nonoperating Expense Percent (NNEP)	-31.74%	-90.21%	-253.44%	16.04%	822.02%	-232.86%	-24.17%	-236.54%	68.10%	-4,175.37%	-1.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2,280.84%	2,280.84%	16.60%
Cost of Revenue to Revenue	68.47%	69.91%	65.19%	63.98%	71.01%	71.65%	65.87%	76.44%	67.61%	67.61%	13.56%
SG&A Expenses to Revenue	25.95%	37.73%	32.32%	30.38%	31.61%	11.34%	8.82%	12.10%	322.31%	322.31%	53.89%
R&D to Revenue	12.44%	8.54%	6.61%	5.48%	5.95%	7.98%	11.12%	11.51%	17.71%	17.71%	0.77%
Operating Expenses to Revenue	38.39%	46.27%	38.93%	35.86%	37.56%	38.40%	37.61%	53.28%	694.31%	694.31%	61.40%
Earnings before Interest and Taxes (EBIT)	-0.75	-2.87	-1.25	0.03	-3.22	-4.84	-1.93	-15	-4.24	-4.24	1.53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.63	-2.33	-0.75	0.39	-2.61	-4.47	-0.75	-14	-3.87	-3.87	2.03
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.33	0.60	0.85	9.14	3.49	4.29	1.63	0.53	0.00	0.00	4.59
Price to Tangible Book Value (P/TBV)	0.33	0.60	0.85	9.14	3.49	4.55	1.65	0.54	0.00	0.00	16.01
Price to Revenue (P/Rev)	0.16	0.14	0.09	1.10	0.57	0.70	0.90	0.17	12.89	1.09	3.67
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	21.19
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%	4.72%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.58	0.83	6.74	4.20	3.93	1.85	0.62	0.00	0.00	6.07
Enterprise Value to Revenue (EV/Rev)	0.00	0.13	0.08	1.15	0.53	0.72	0.75	0.25	15.40	3.60	3.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	93.84	0.00	0.00	0.00	0.00	0.00	0.00	10.49
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	1,249.98	0.00	0.00	0.00	0.00	0.00	0.00	13.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	1,004.45	0.00	0.00	0.00	0.00	0.00	0.00	19.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	1.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	12.90	0.00	0.00	0.00	0.00	0.00	0.57	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.45	0.00	0.32	0.17	0.29	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.27	-0.22	-0.06	0.20	0.02	-0.03	-0.18	-0.09	0.23	4.29	-0.48
Leverage Ratio	1.49	1.71	2.43	2.98	2.62	3.13	2.19	1.82	1.93	-899.96	1.72
Compound Leverage Factor	1.63	1.74	2.62	-4.88	2.64	2.48	2.43	1.87	1.93	-899.95	1.71
Debt to Total Capital	0.00%	0.00%	0.00%	31.00%	0.00%	24.46%	14.33%	22.55%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	31.00%	0.00%	24.31%	14.33%	22.55%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,261.45%	-1,261.45%	24.89%
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%	100.00%	69.00%	100.00%	75.54%	85.67%	77.45%	1,361.45%	1,361.45%	75.11%
Debt to EBITDA	0.00	0.00	0.00	4.41	0.00	-0.56	-6.78	-0.34	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	4.09	0.00	-0.21	10.60	-0.27	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	47.22	0.00	-0.75	-3.78	-0.45	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	43.80	0.00	-0.28	5.90	-0.35	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-4.15	-3.88	-2.41	1.26	-0.04	-0.46	1.27	-2.38	-474.08	-484.45	-7.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.11%	-11,650.29%	50.77%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.55	1.70	1.47	1.41	1.69	1.27	2.25	2.14	0.38	0.38	1.58
Quick Ratio	1.70	0.55	0.44	0.35	0.68	0.46	0.75	0.24	0.07	0.07	1.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.80	-2.69	0.19	-2.51	-1.51	-7.37	-15	-8.09	17	-2.96	-2.57
Operating Cash Flow to CapEx	-44.57%	-791.68%	534.23%	-761.30%	-881.94%	-2,344.94%	-2,406.30%	-4,398.85%	0.00%	0.00%	1,954.17%
Free Cash Flow to Firm to Interest Expense	-24.93	-49.47	1.93	-32.05	-31.10	0.00	-60.40	-20.50	0.00	0.00	-287.23
Operating Cash Flow to Interest Expense	-5.13	-77.23	13.51	-23.01	-31.75	0.00	-57.00	-30.84	0.00	0.00	406.19
Operating Cash Flow Less CapEx to Interest Expense	-16.62	-86.98	10.98	-26.03	-35.35	0.00	-59.36	-31.54	0.00	0.00	385.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.98	2.24	3.30	3.08	2.88	2.21	1.32	1.19	0.04	0.10	1.12
Accounts Receivable Turnover	7.47	9.97	12.44	12.96	11.01	7.23	7.87	13.25	0.00	0.00	0.00
Inventory Turnover	3.28	3.23	3.79	3.15	3.48	2.87	1.45	1.30	0.00	0.00	0.00
Fixed Asset Turnover	79.26	93.65	174.42	152.81	133.25	126.59	91.01	72.33	1.69	2.32	25.47
Accounts Payable Turnover	6.87	6.35	6.36	5.24	5.69	4.10	3.02	5.06	0.29	0.08	2.57
Days Sales Outstanding (DSO)	48.88	36.61	29.33	28.17	33.14	50.48	46.38	27.54	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	111.38	112.88	96.39	115.88	105.01	127.10	251.95	279.71	0.00	0.00	0.00
Days Payable Outstanding (DPO)	53.11	57.47	57.38	69.69	64.19	89.01	121.00	72.14	1,257.32	4,761.29	142.22
Cash Conversion Cycle (CCC)	107.15	92.02	68.35	74.36	73.97	88.57	177.32	235.11	-1,257.32	-4,761.29	-142.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3.31	3.98	2.94	5.49	4.74	8.74	23	20	-0.16	-0.16	3.50
Invested Capital Turnover	4.05	4.89	8.50	7.67	7.35	7.12	3.55	2.38	0.06	-4.00	3.70
Increase / (Decrease) in Invested Capital	1.29	0.67	-1.04	2.55	-0.75	4.00	14	-2.44	-20	0.00	3.67
Enterprise Value (EV)	-0.14	2.32	2.46	37	20	34	42	12	9.85	2.30	21
Market Capitalization	1.70	2.50	2.69	35	21	33	50	8.72	8.25	0.69	23
Book Value per Share	$0.39	$0.29	$0.21	$0.24	$0.29	$0.32	$0.66	$0.35	($0.50)	($0.50)	$0.79
Tangible Book Value per Share	$0.39	$0.29	$0.21	$0.24	$0.29	$0.31	$0.66	$0.35	($0.50)	($0.50)	$0.23
Total Capital	5.15	4.16	3.17	5.62	6.11	10	36	21	-0.13	-0.13	6.59
Total Debt	0.00	0.00	0.00	1.74	0.00	2.52	5.10	4.76	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Net Debt	-1.85	-0.18	-0.23	1.62	-1.37	0.95	-7.97	3.73	-0.03	-0.03	-3.08
Capital Expenditures (CapEx)	0.83	0.53	0.25	0.24	0.17	0.30	0.59	0.28	-0.01	0.00	0.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.53	3.22	2.39	5.01	3.99	6.83	21	19	-0.30	-0.30	-0.65
Debt-free Net Working Capital (DFNWC)	4.38	3.40	2.62	5.13	5.35	8.40	34	21	-0.27	-0.27	2.43
Net Working Capital (NWC)	4.38	3.40	2.62	3.39	5.35	5.90	29	16	-0.27	-0.27	2.43
Net Nonoperating Expense (NNE)	0.31	0.91	0.52	0.11	1.02	0.48	0.85	5.02	1.26	1.26	0.02
Net Nonoperating Obligations (NNO)	-1.85	-0.18	-0.23	1.62	-1.37	0.95	-7.97	3.73	-0.03	-0.03	-3.08
Total Depreciation and Amortization (D&A)	0.12	0.54	0.50	0.37	0.61	0.37	1.18	1.16	0.37	0.37	0.50
Debt-free, Cash-free Net Working Capital to Revenue	23.43%	18.04%	8.12%	15.49%	10.60%	14.24%	38.23%	38.47%	-47.24%	-47.24%	-10.56%
Debt-free Net Working Capital to Revenue	40.55%	19.05%	8.90%	15.88%	14.23%	17.51%	61.81%	40.50%	-42.52%	-42.52%	39.24%
Net Working Capital to Revenue	40.55%	19.05%	8.90%	10.50%	14.23%	12.29%	52.61%	31.10%	-42.52%	-42.52%	39.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.25)	($5.25)	($2.25)	$0.00	($4.50)	($3.75)	$0.00	($8.50)	($1.34)	$0.00	$0.12
Adjusted Weighted Average Basic Shares Outstanding	543.21K	592.31K	634.96K	646.19K	722.04K	1.41M	0.00	1.86M	3.16M	0.00	5.62M
Adjusted Diluted Earnings per Share	($2.25)	($5.25)	($2.25)	$0.00	($4.50)	($3.75)	$0.00	$0.00	($1.34)	$0.00	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	543.21K	592.31K	634.96K	646.19K	722.04K	1.41M	0.00	1.89M	3.16M	0.00	7.08M
Adjusted Basic & Diluted Earnings per Share	($2.25)	($5.25)	($2.25)	$0.00	($4.50)	($3.75)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	378.83K	556.32K	596.69K	638.27K	722.04K	1.01M	0.00	1.89M	0.00	0.00	7.93M
Normalized Net Operating Profit after Tax (NOPAT)	-0.52	-2.02	-0.85	0.04	-2.25	-3.37	-4.12	-11	-2.96	-2.96	1.09
Normalized NOPAT Margin	-4.80%	-11.32%	-2.88%	0.11%	-5.99%	-7.03%	-7.43%	-20.80%	-463.34%	-463.34%	17.66%
Pre Tax Income Margin	-7.65%	-16.41%	-4.60%	-0.15%	-8.64%	-7.98%	-3.85%	-30.49%	-661.91%	-661.91%	24.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-10.42	-52.74	-12.69	0.38	-66.45	0.00	-7.70	-38.12	0.00	0.00	170.85
NOPAT to Interest Expense	-7.16	-37.08	-8.59	0.47	-46.58	0.00	-5.39	-26.69	0.00	0.00	122.14
EBIT Less CapEx to Interest Expense	-21.92	-62.50	-15.22	-2.64	-70.05	0.00	-10.07	-38.82	0.00	0.00	150.06
NOPAT Less CapEx to Interest Expense	-18.66	-46.84	-11.12	-2.55	-50.18	0.00	-7.76	-27.39	0.00	0.00	101.35
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	-6.70%	-1.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Minim'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	47,188,378.00	3,796,936.00	2,632,809.00	2,809,689.00	2,809,689.00	3,557,581.00	3,557,581.00	3,713,792.00	6,224,389.00	6,295,961.00	7,934,122.00
DEI Adjusted Shares Outstanding	1,887,535.00	3,796,936.00	2,632,809.00	2,809,689.00	2,809,689.00	3,557,581.00	3,557,581.00	3,713,792.00	6,224,389.00	6,295,961.00	7,934,122.00
DEI Earnings Per Adjusted Shares Outstanding	-3.61	-0.30	-1.24	-0.17	-0.22	0.04	-0.11	-0.17	-0.04	0.37	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-51.59%	-86.23%	-94.05%	-100.00%	-100.00%	0.00%	-99.98%	0.00%	0.00%	0.00%	1,697,491.20%
EBITDA Growth	-77.54%	72.71%	10.21%	90.79%	91.63%	118.67%	90.50%	-22.93%	111.23%	1,308.96%	372.66%
EBIT Growth	-70.06%	74.74%	16.71%	91.05%	90.70%	113.43%	88.65%	-30.41%	82.47%	1,700.91%	231.59%
NOPAT Growth	-70.06%	74.74%	16.71%	91.05%	90.70%	119.19%	88.65%	-30.38%	83.90%	1,491.35%	218.16%
Net Income Growth	-67.88%	74.67%	19.94%	91.28%	90.84%	112.89%	88.53%	-31.11%	59.53%	1,484.09%	194.01%
EPS Growth	-65.60%	0.00%	45.37%	94.59%	94.18%	108.93%	91.53%	18.75%	80.95%	640.00%	120.00%
Operating Cash Flow Growth	142.17%	-103.72%	-119.90%	-106.80%	-104.22%	100.54%	79.23%	149.74%	355.02%	10,356.93%	117.95%
Free Cash Flow Firm Growth	354.91%	3,392.04%	125.37%	-29.18%	-95.44%	-101.44%	-104.74%	-102.34%	-1.19%	-360.56%	-554.93%
Invested Capital Growth	-97.70%	-102.96%	-105.93%	-112.11%	-232.54%	73.01%	45.65%	-22.19%	-125.15%	2,288.47%	941.48%
Revenue Q/Q Growth	-6.93%	-78.14%	-56.28%	-100.00%	0.00%	0.00%	0.00%	35,894.40%	4,210.76%	117.01%	-49.58%
EBITDA Q/Q Growth	-23.84%	83.27%	-197.44%	85.06%	-12.62%	137.30%	-251.42%	-93.26%	110.29%	4,578.98%	-70.70%
EBIT Q/Q Growth	-23.11%	83.65%	-197.44%	85.06%	-27.96%	123.62%	-351.34%	-71.65%	82.80%	2,527.26%	-81.64%
NOPAT Q/Q Growth	-23.11%	83.65%	-197.44%	85.06%	-27.96%	133.75%	-275.94%	-71.62%	84.20%	3,436.53%	-86.94%
Net Income Q/Q Growth	-21.84%	83.20%	-184.50%	85.03%	-28.11%	123.62%	-353.23%	-71.08%	60.45%	1,024.56%	-84.97%
EPS Q/Q Growth	-21.96%	0.00%	-110.71%	86.44%	-31.25%	123.81%	-300.00%	-30.00%	69.23%	1,025.00%	-94.59%
Operating Cash Flow Q/Q Growth	8.24%	-109.61%	13.21%	38.89%	17.15%	101.22%	-3,451.32%	246.34%	324.83%	-49.81%	-94.25%
Free Cash Flow Firm Q/Q Growth	47.85%	3.08%	-26.73%	-36.58%	-90.49%	-132.48%	-141.81%	68.72%	502.17%	-251.38%	-243.86%
Invested Capital Q/Q Growth	-93.38%	-204.78%	-59.05%	-9.71%	27.51%	78.66%	-220.32%	-146.64%	-33.56%	307.41%	23.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-44.77%	25.53%	32.39%	0.00%	0.00%	0.00%	-500.00%	2.36%	84.96%	88.04%	70.42%
EBITDA Margin	-98.12%	-75.11%	-510.97%	0.00%	0.00%	0.00%	-248,569.60%	-1,334.61%	3.19%	68.69%	39.92%
Operating Margin	-100.38%	-75.11%	-510.97%	0.00%	0.00%	0.00%	-296,896.80%	-1,415.58%	-5.19%	63.18%	20.10%
EBIT Margin	-100.38%	-75.11%	-510.97%	0.00%	0.00%	0.00%	-296,896.80%	-1,415.87%	-5.65%	63.18%	23.01%
Profit (Net Income) Margin	-101.85%	-78.27%	-509.30%	0.00%	0.00%	0.00%	-299,128.00%	-1,421.73%	-13.04%	55.57%	16.57%
Tax Burden Percent	99.99%	101.61%	99.67%	99.89%	100.00%	100.00%	100.00%	100.00%	224.28%	88.36%	71.98%
Interest Burden Percent	101.47%	102.55%	100.00%	100.00%	100.00%	100.00%	100.75%	100.41%	102.96%	99.54%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.64%	28.02%
Return on Invested Capital (ROIC)	-197.15%	-3.45%	-763.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	206.75%	63.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-294.68%	-28.36%	-841.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	207.44%	61.30%
Return on Net Nonoperating Assets (RNNOA)	-61.44%	-5.20%	-168.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.03%	-33.52%
Return on Equity (ROE)	-258.59%	-8.66%	-932.28%	52.24%	-3,729.63%	60,025.26%	636.73%	-117.93%	-66.84%	106.73%	29.73%
Cash Return on Invested Capital (CROIC)	77.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-73.37%	-70.84%
Operating Return on Assets (OROA)	-126.86%	-2.22%	-536.71%	0.00%	0.00%	0.00%	-39.89%	-15.96%	-2.51%	70.64%	31.38%
Return on Assets (ROA)	-128.72%	-2.31%	-534.95%	0.00%	0.00%	0.00%	-40.19%	-16.03%	-5.79%	62.14%	22.59%
Return on Common Equity (ROCE)	-258.59%	-8.66%	-830.80%	41.32%	-15,702.15%	7,053,145.58%	5,175.19%	21.90%	-6.98%	52.54%	18.11%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.71	-0.77	-2.29	-0.34	-0.44	0.15	-0.26	-0.45	-0.07	2.35	0.31
NOPAT Margin	-70.27%	-52.58%	-357.68%	0.00%	0.00%	0.00%	-207,827.76%	-990.90%	-3.63%	55.83%	14.47%
Net Nonoperating Expense Percent (NNEP)	97.53%	24.91%	77.64%	28.61%	156.96%	0.00%	-22.03%	-8.03%	-6.31%	-0.69%	1.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-663.82%	-2,749.51%	84.50%	78.29%	-113.59%	51.55%	-13.77%	-1.67%	35.66%	3.45%
Cost of Revenue to Revenue	144.77%	74.47%	67.61%	0.00%	0.00%	0.00%	600.00%	97.64%	15.04%	11.96%	29.58%
SG&A Expenses to Revenue	14.38%	88.71%	159.17%	0.00%	0.00%	0.00%	272,396.80%	1,341.86%	88.48%	16.09%	46.98%
R&D to Revenue	10.26%	6.03%	11.32%	0.00%	0.00%	0.00%	24,000.00%	38.71%	0.00%	0.00%	1.72%
Operating Expenses to Revenue	55.61%	100.64%	543.36%	0.00%	0.00%	0.00%	296,396.80%	1,417.94%	90.15%	24.86%	50.32%
Earnings before Interest and Taxes (EBIT)	-6.72	-1.10	-3.27	-0.49	-0.63	0.15	-0.37	-0.64	-0.11	2.66	0.49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.57	-1.10	-3.27	-0.49	-0.55	0.21	-0.31	-0.60	0.06	2.89	0.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	20.21	53.69	0.00	0.00	0.00	0.00	0.00	10.86	7.78	4.59	10.16
Price to Tangible Book Value (P/TBV)	27.96	75.28	0.00	0.00	0.00	0.00	0.00	586.85	16.09	16.01	18.20
Price to Revenue (P/Rev)	0.08	9.73	1.10	0.00	0.00	1.09	16,637.79	311.43	8.88	3.67	8.86
Price to Earnings (P/E)	0.00	0.00	0.00	5.66	0.80	0.00	0.00	0.00	0.00	21.19	41.00
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%	17.66%	124.33%	0.00%	0.00%	0.00%	0.00%	4.72%	2.44%
Enterprise Value to Invested Capital (EV/IC)	5.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.07	16.39
Enterprise Value to Revenue (EV/Rev)	0.09	8.62	1.12	0.00	0.00	3.60	29,683.19	254.71	6.89	3.44	8.51
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	7.43	1.00	0.00	0.00	0.00	0.00	10.49	22.20
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	7.43	1.00	0.00	0.00	0.00	0.00	13.91	29.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	7.32	1.00	0.00	0.00	0.00	0.00	19.46	39.95
Enterprise Value to Operating Cash Flow (EV/OCF)	1.06	0.25	0.00	6.62	0.00	0.00	0.00	0.00	0.00	5.85	17.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.33	0.32	3.40	0.94	0.85	0.00	0.00	0.00	51.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.61	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.08	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.21	0.18	0.20	0.16	-0.56	52.54	2.46	-1.91	-1.73	-0.48	-0.55
Leverage Ratio	2.68	2.63	2.44	3.65	-37.13	-899.96	-4.42	3.17	2.67	1.72	1.45
Compound Leverage Factor	2.72	2.70	2.44	3.65	-37.13	-899.96	-4.46	3.18	2.75	1.71	1.45
Debt to Total Capital	86.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.43%	7.32%	0.00%	0.00%
Short-Term Debt to Total Capital	86.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.43%	7.32%	0.00%	0.00%
Long-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%
Preferred Equity to Total Capital	0.00%	0.00%	1,632.06%	-335.72%	-243.10%	-1,261.45%	-325.42%	50.63%	38.90%	24.89%	18.43%
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	13.14%	100.00%	-1,532.06%	435.72%	343.10%	1,361.45%	425.42%	39.94%	53.78%	75.11%	81.57%
Debt to EBITDA	-0.05	0.00	0.00	0.00	0.00	0.00	0.00	-0.21	-0.32	0.00	0.00
Net Debt to EBITDA	-0.02	0.00	0.00	0.00	0.00	0.00	0.00	2.83	5.82	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.06	0.00	0.00	0.00	0.00	0.00	0.00	-0.29	-0.46	0.00	0.00
Net Debt to NOPAT	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	4.04	8.32	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-7.43	-10.49	-78.53	-157.12	-369.97	-437.34	-384.17	-17.46	-13.33	-7.51	4.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	10.89%	20.91%	-321.01%	-11,650.29%	-712.78%	118.57%	89.56%	50.77%	39.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	0.93	0.76	0.48	0.22	0.38	0.12	1.26	1.46	1.58	2.12
Quick Ratio	0.24	0.12	0.74	0.46	0.19	0.07	0.01	1.22	1.42	1.53	2.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	20	15	9.25	0.88	-0.29	-0.69	-0.22	0.87	-1.32	-4.52
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	643.22%	12.85%
Free Cash Flow to Firm to Interest Expense	194.81	678.94	0.00	0.00	0.00	0.00	-247.61	-81.90	267.68	-4,697.66	0.00
Operating Cash Flow to Interest Expense	12.40	-70.25	0.00	0.00	0.00	0.00	-133.04	205.84	710.68	4,134.97	0.00
Operating Cash Flow Less CapEx to Interest Expense	12.40	-70.25	0.00	0.00	0.00	0.00	-133.04	205.84	710.68	3,492.11	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	0.03	1.05	0.00	0.00	0.10	0.00	0.01	0.44	1.12	1.36
Accounts Receivable Turnover	7.66	0.37	9.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	1.62	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	54.44	1.20	35.59	0.00	0.00	2.32	0.00	0.17	7.75	25.47	17.14
Accounts Payable Turnover	3.86	0.06	6.25	0.00	0.00	0.08	0.00	0.00	1.48	2.57	4.21
Days Sales Outstanding (DSO)	47.66	986.74	36.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	225.27	14,919.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	94.61	5,897.62	58.39	0.00	0.00	4,761.29	202,363.54	0.00	246.68	142.22	86.69
Cash Conversion Cycle (CCC)	178.32	10,008.51	-21.69	0.00	0.00	-4,761.29	-202,363.54	0.00	-246.68	-142.22	-86.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.57	-0.59	-0.94	-1.04	-0.75	-0.16	-0.51	-1.27	-1.69	3.50	4.32
Invested Capital Turnover	2.81	0.07	2.14	0.00	0.00	-1.70	0.00	-0.04	-1.63	3.70	4.37
Increase / (Decrease) in Invested Capital	-24	-21	-17	-9.59	-1.32	0.43	0.43	-0.23	-0.94	3.67	4.83
Enterprise Value (EV)	3.17	5.51	18	10	7.51	2.30	3.71	11	14	21	71
Market Capitalization	2.74	6.22	18	9.61	6.35	0.69	2.08	14	18	23	74
Book Value per Share	$0.00	$0.03	($0.48)	($0.63)	($0.68)	($0.50)	($0.60)	$0.35	$0.36	$0.79	$0.91
Tangible Book Value per Share	$0.00	$0.02	($0.50)	($0.63)	($0.68)	($0.50)	($0.60)	$0.01	$0.17	$0.23	$0.51
Total Capital	1.03	0.12	0.08	-0.40	-0.56	-0.13	-0.50	3.24	4.22	6.59	8.90
Total Debt	0.90	0.00	0.00	0.00	0.00	0.00	0.00	0.31	0.31	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.43	-0.71	-1.03	-0.63	-0.19	-0.03	-0.01	-4.20	-5.60	-3.08	-4.58
Capital Expenditures (CapEx)	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.18	0.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.12	-1.55	-1.37	-1.33	-0.97	-0.30	-0.75	-3.11	-3.47	-0.65	-1.28
Debt-free Net Working Capital (DFNWC)	0.59	-0.84	-0.34	-0.70	-0.78	-0.27	-0.74	1.39	2.44	2.43	3.30
Net Working Capital (NWC)	-0.31	-0.84	-0.34	-0.70	-0.78	-0.27	-0.74	1.09	2.13	2.43	3.30
Net Nonoperating Expense (NNE)	2.12	0.38	0.97	0.15	0.19	0.00	0.11	0.19	0.18	0.01	-0.04
Net Nonoperating Obligations (NNO)	0.43	-0.71	-1.03	-0.63	-0.19	-0.03	-0.01	-4.20	-5.60	-3.08	-4.58
Total Depreciation and Amortization (D&A)	0.15	0.00	0.00	0.00	0.07	0.06	0.06	0.04	0.17	0.23	0.36
Debt-free, Cash-free Net Working Capital to Revenue	0.34%	-242.89%	-8.56%	0.00%	0.00%	-47.24%	-601,883.20%	-6,898.02%	-174.76%	-10.56%	-15.44%
Debt-free Net Working Capital to Revenue	1.66%	-132.04%	-2.14%	0.00%	0.00%	-42.52%	-594,600.00%	3,084.87%	122.79%	39.24%	39.63%
Net Working Capital to Revenue	-0.88%	-132.04%	-2.14%	0.00%	0.00%	-42.52%	-594,600.00%	2,407.92%	107.24%	39.24%	39.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.61)	($0.56)	($1.18)	($0.17)	($0.22)	$0.05	($0.10)	($0.13)	($0.04)	$0.39	$0.03
Adjusted Weighted Average Basic Shares Outstanding	1.89M	2.04M	2.77M	2.81M	2.87M	3.16M	3.71M	5.09M	6.30M	5.62M	7.94M
Adjusted Diluted Earnings per Share	($3.61)	($0.56)	($1.18)	($0.17)	($0.22)	$0.05	($0.10)	($0.13)	($0.04)	$0.37	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	1.89M	2.04M	2.77M	2.81M	2.87M	3.16M	3.71M	5.09M	6.30M	7.08M	10.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.56)	$0.00	$0.00	$0.00	$0.05	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	2.81M	2.81M	3.56M	0.00	3.71M	6.22M	6.30M	7.93M	8.33M
Normalized Net Operating Profit after Tax (NOPAT)	-4.71	-0.77	-2.29	-0.34	-0.44	0.10	-0.26	-0.45	-0.07	2.35	0.31
Normalized NOPAT Margin	-70.27%	-52.58%	-357.68%	0.00%	0.00%	0.00%	-207,827.76%	-990.90%	-3.63%	55.83%	14.47%
Pre Tax Income Margin	-101.86%	-77.03%	-510.96%	0.00%	0.00%	0.00%	-299,128.00%	-1,421.73%	-5.82%	62.89%	23.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-67.84	-37.51	0.00	0.00	0.00	0.00	-133.07	-241.49	-33.75	9,496.99	0.00
NOPAT to Interest Expense	-47.49	-26.26	0.00	0.00	0.00	0.00	-93.15	-169.01	-21.70	8,391.88	0.00
EBIT Less CapEx to Interest Expense	-67.84	-37.51	0.00	0.00	0.00	0.00	-133.07	-241.49	-33.75	8,854.13	0.00
NOPAT Less CapEx to Interest Expense	-47.48	-26.26	0.00	0.00	0.00	0.00	-93.15	-169.01	-21.70	7,749.02	0.00
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

Minim’s latest quarter shows a sharp turnaround in profitability and liquidity, but the improvement came alongside heavy reliance on financing and a much larger share count.

Q1 2026 revenue reached $2.12 million, up meaningfully from the weak 2025 first quarter and well above the company’s sub-$50,000 revenue run rate earlier in 2025.
Gross profit was solid at $1.49 million, with gross margin near 70%, suggesting the core revenue mix is relatively profitable.
The company posted $351,516 of net income in Q1 2026, a notable improvement from the losses reported in most prior quarters.
Operating cash flow turned positive at $66,588, showing the business generated cash from operations despite working-capital pressure.
Cash and equivalents rose to $4.58 million at quarter-end, giving Minim a much stronger near-term liquidity position than a year earlier.
The balance sheet also shows $6.24 million in current assets against $2.94 million in current liabilities, which is a healthier short-term coverage profile than the company had in 2024.
Q1 2026 operating income of $426,445 indicates the company is still profitable at the operating line, but only modestly so relative to revenue.
The quarter included $1.99 million of common equity issuance, which helped boost cash but also suggests external funding remains important.
Shares outstanding increased materially versus prior periods, which can dilute per-share results even when profits improve.
Operating cash flow was held back by a -$761,458 change in operating assets and liabilities, showing working capital remains volatile.
Minim spent $518,047 on property, plant and equipment in Q1 2026, which is a sizable cash outflow for a company still rebuilding earnings consistency.
Quarterly results remain uneven: in 2025 the company swung from a small Q1 loss to a large Q2 loss, then back toward stronger Q4 profitability, highlighting inconsistent performance.
Historically, the company has shown periods of very large losses and negative equity, so the recent improvement should be viewed as early-stage rather than fully stabilized.

Bottom line: Minim’s latest quarter looks much better than its recent history, with stronger revenue, positive operating cash flow, and a healthier cash balance. However, the turnaround is still dependent on capital raises and the business has a long record of volatility, so investors should watch for sustained revenue growth and repeatable profits before assuming the improvement is permanent.

07/21/26 02:54 PM ETAI Generated. May Contain Errors.

Minim Financials - Frequently Asked Questions

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

Minim's net income appears to be on an upward trend, with a most recent value of $1.07 million in 2025, falling from -$833.14 thousand in 2015. The previous period was -$4.22 million in 2024. Find out what analysts predict for Minim in the coming months.

Minim's total operating income in 2025 was $1.55 million, based on the following breakdown:

Total Gross Profit: $5.35 million
Total Operating Expenses: $3.80 million

Over the last 10 years, Minim's total revenue changed from $10.79 million in 2015 to $6.19 million in 2025, a change of -42.6%.

Minim's total liabilities were at $4.18 million at the end of 2025, a 856.9% increase from 2024, and a 143.7% increase since 2015.

In the past 10 years, Minim's cash and equivalents has ranged from $30.16 thousand in 2024 to $12.57 million in 2021, and is currently $3.08 million as of their latest financial filing in 2025.

Over the last 10 years, Minim's book value per share changed from 0.39 in 2015 to 0.79 in 2025, a change of 102.5%.

Related Companies

Financial statements for NASDAQ:FIEE last updated on 7/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Minim (FIEE) Financials

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Minim (FIEE) Financials

Annual Income Statements for Minim

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Quarterly Cash Flow Statements for Minim

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Quarterly Metrics And Ratios for Minim

Financials Breakdown Chart

Key Financial Trends

Minim Financials - Frequently Asked Questions

When does Minim's financial year end?

How has Minim's net income changed over the last 10 years?

What is Minim's operating income?

How has Minim's revenue changed over the last 10 years?

How much debt does Minim have?

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How has Minim's book value per share changed over the last 10 years?

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