What is Neonode's operating income?

Neonode's total operating income in 2025 was $7.37 million, based on the following breakdown: Total Gross Profit: $2.04 million Total Operating Expenses: -$5.34 million

Neonode (NEON) Financials

$0.86 +0.00 (+0.12%)

Closing price 07/17/2026 04:00 PM Eastern

Extended Trading

$0.88 +0.02 (+2.23%)

As of 07/17/2026 07:55 PM Eastern

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Annual Income Statements for Neonode

This table shows Neonode'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	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-7.82	-5.29	-4.71	-3.06	-5.30	-5.64	-6.45	-4.88	-10	-6.47	8.49
Consolidated Net Income / (Loss)	-7.84	-5.65	-5.50	-3.94	-5.80	-6.28	-7.27	-5.28	-10	-6.47	8.49
Net Income / (Loss) Continuing Operations	-7.84	-5.65	-5.50	-3.94	-5.80	-6.28	-7.27	-5.28	-5.12	-5.88	8.04
Total Pre-Tax Income	-7.74	-5.28	-5.55	-3.93	-5.76	-6.22	-7.12	-5.17	-5.00	-5.86	8.03
Total Operating Income	-7.70	-5.14	-5.48	-3.88	-5.73	-6.19	-7.11	-5.29	-5.74	-6.55	7.37
Total Gross Profit	7.34	8.88	7.90	7.62	5.96	4.91	4.88	4.87	3.82	2.99	2.04
Total Revenue	11	10	10	8.54	6.65	5.98	5.84	5.67	3.83	3.11	2.06
Operating Revenue	11	10	10	8.54	6.65	5.98	5.84	5.67	3.83	3.11	2.06
Total Cost of Revenue	3.78	1.34	2.34	0.92	0.68	1.08	0.96	0.80	0.01	0.12	0.03
Operating Cost of Revenue	3.78	1.34	2.34	0.92	0.68	1.08	0.96	0.80	-	0.12	0.03
Total Operating Expenses	15	14	13	11	12	11	12	10	9.55	9.54	-5.34
Selling, General & Admin Expense	5.00	4.09	4.52	4.22	4.30	4.42	5.60	4.16	3.27	3.77	4.12
Marketing Expense	3.75	2.86	2.77	2.00	2.16	2.53	2.84	2.03	2.46	2.33	2.27
Research & Development Expense	6.28	7.07	6.08	5.28	5.24	4.14	3.55	3.96	3.83	3.44	3.78
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	0.00	-16
Total Other Income / (Expense), net	-0.05	-0.14	-0.08	-0.05	-0.03	-0.03	0.00	0.12	0.74	0.00	0.00
Income Tax Expense	0.09	0.37	-0.06	0.01	0.04	0.06	0.15	0.12	0.12	0.02	-0.01
Other Gains / (Losses), net	-	-	-	-	-	-	-	-	-	0.69	0.66
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-5.01	-0.59	0.46
Basic Earnings per Share	($0.19)	($0.12)	($0.89)	($0.52)	($0.60)	$0.56	($0.54)	($0.36)	($0.66)	($0.41)	$0.51
Weighted Average Basic Shares Outstanding	41.20M	45.69M	5.29M	5.88M	8.84M	9.99K	11.91M	13.63M	15.32M	15.87M	16.78M
Weighted Average Diluted Shares Outstanding	41.20M	45.69M	5.29M	5.88M	8.84M	9.99K	11.91K	15.36M	15.32M	-	16.78M
Weighted Average Basic & Diluted Shares Outstanding	41.20M	45.69M	5.29M	5.88M	8.84M	9.99K	11.91K	15.36M	15.36M	-	16.78M

This table shows Neonode'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	-1.27	-5.93	-2.08	-1.70	-1.09	-1.60	-1.73	-1.87	14	-2.09	-1.86
Consolidated Net Income / (Loss)	-1.27	-5.93	-2.08	-1.70	-1.09	-1.60	-1.73	-1.87	14	-2.09	-1.86
Net Income / (Loss) Continuing Operations	-1.06	-1.12	-1.72	-1.68	-1.04	-1.05	-1.80	-1.98	14	-2.11	-1.86
Total Pre-Tax Income	-1.03	-1.10	-1.71	-1.67	-1.05	-1.05	-1.81	-1.98	14	-2.11	-1.86
Total Operating Income	-1.26	-1.28	-1.89	-1.79	-1.23	-1.26	-1.97	-2.11	14	-2.36	-2.07
Total Gross Profit	0.84	0.61	0.80	0.78	0.82	0.62	0.50	0.59	0.42	0.52	0.61
Total Revenue	0.84	0.54	0.81	0.80	0.84	-0.17	0.51	0.60	0.43	0.52	0.61
Operating Revenue	0.84	0.54	0.81	0.80	0.84	-0.17	0.51	0.60	0.43	0.52	0.61
Total Cost of Revenue	0.00	-0.07	0.02	0.02	0.02	-0.79	0.01	0.01	0.01	0.00	0.00
Operating Cost of Revenue	0.00	-	-	-	0.02	-	0.01	-	0.01	-	0.00
Total Operating Expenses	2.10	1.89	2.68	2.57	2.04	1.88	2.47	2.70	-13	2.88	2.68
Selling, General & Admin Expense	0.75	0.09	0.97	1.05	0.73	0.65	0.85	1.03	0.86	1.38	1.17
Marketing Expense	0.52	0.66	0.82	0.54	0.48	0.48	0.64	0.60	0.47	0.57	0.61
Research & Development Expense	0.83	1.14	0.90	0.98	0.82	0.75	0.98	1.07	0.79	0.94	0.91
Total Other Income / (Expense), net	0.23	0.18	0.18	0.12	0.00	0.21	0.16	0.13	0.00	-0.28	0.21
Other Income / (Expense), net	0.01	-	0.18	0.12	-	-	0.16	0.13	-	-	0.21
Income Tax Expense	0.04	0.02	0.01	0.01	-0.01	0.01	-0.01	0.00	0.00	0.00	0.00
Net Income / (Loss) Discontinued Operations	-0.20	-	-0.37	-0.02	-0.04	-	0.07	0.12	0.25	0.02	0.00
Basic Earnings per Share	($0.08)	($0.39)	($0.14)	($0.11)	($0.07)	($0.09)	($0.10)	($0.11)	$0.85	($0.13)	($0.11)
Weighted Average Basic Shares Outstanding	15.36M	15.32M	15.36M	15.36M	15.98M	15.87M	16.78M	16.78M	16.78M	16.78M	16.78M
Weighted Average Diluted Shares Outstanding	15.36M	15.32M	15.36M	15.36M	-	15.87M	-	16.78M	16.78M	16.78M	16.78M
Weighted Average Basic & Diluted Shares Outstanding	15.36M	15.36M	15.36M	15.47M	-	0.00	-	16.78M	16.78M	16.78M	16.78M

This table details how cash moves in and out of Neonode'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	-3.05	0.39	2.32	0.76	-4.20	8.12	6.91	-2.57	1.34	0.27	8.93
Net Cash From Operating Activities	-8.06	-6.25	-5.58	-2.86	-3.52	-5.75	-7.68	-6.81	-6.31	-5.59	-10
Net Cash From Continuing Operating Activities	-8.06	-6.25	-5.58	-2.86	-3.52	-5.75	-7.68	-6.81	-6.31	-5.59	-10
Net Income / (Loss) Continuing Operations	-7.84	-5.65	-5.50	-3.94	-5.80	-6.28	-7.27	-5.28	-10	-6.47	8.49
Consolidated Net Income / (Loss)	-7.84	-5.65	-5.50	-3.94	-5.80	-6.28	-7.27	-5.28	-10	-6.47	8.49
Depreciation Expense	0.19	0.36	0.95	1.01	0.86	0.77	0.63	0.12	0.10	0.06	0.05
Amortization Expense	-	-	-	0.00	0.40	0.41	0.51	0.40	0.07	0.08	0.29
Non-Cash Adjustments To Reconcile Net Income	1.14	0.50	0.07	0.04	0.51	0.09	-0.35	0.08	3.63	0.55	-20
Changes in Operating Assets and Liabilities, net	-1.56	-1.47	-1.11	0.04	0.52	-0.73	-1.19	-2.12	0.03	0.19	0.70
Net Cash From Investing Activities	-0.20	-0.99	-0.66	-0.23	-0.09	-0.06	-0.07	-0.05	-0.12	0.15	19
Net Cash From Continuing Investing Activities	-0.20	-0.99	-0.66	-0.23	-0.09	-0.06	-0.07	-0.05	-0.12	0.15	19
Purchase of Property, Plant & Equipment	-0.20	-0.99	-0.66	-0.24	-0.09	-0.06	-0.07	-0.05	-0.12	-0.04	-0.09
Sale of Property, Plant & Equipment	0.00	0.01	0.00	0.00	-	-	-	-	0.00	0.19	0.00
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-	19
Net Cash From Financing Activities	5.37	7.80	8.64	4.07	-0.50	14	15	4.51	7.78	5.78	-0.01
Net Cash From Continuing Financing Activities	5.37	7.80	8.64	4.07	-0.50	14	15	4.51	7.78	5.78	-0.01
Issuance of Common Equity	5.43	7.91	9.08	4.62	0.04	-	-	4.69	7.87	5.80	0.00
Other Financing Activities, net	-	-	-	-	-0.54	-0.34	-0.49	-0.17	-0.09	-0.02	-0.01
Cash Interest Paid	0.02	0.05	0.07	0.01	0.03	0.03	0.02	0.01	0.01	0.00	0.00
Cash Income Taxes Paid	0.09	0.37	0.22	0.05	0.04	0.06	0.15	0.13	0.12	0.02	-0.01

This table details how cash moves in and out of Neonode'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	-1.82	-2.32	-1.88	-1.17	4.49	-1.17	-1.44	-1.75	-1.65	14	-2.13
Net Cash From Operating Activities	-1.79	-2.21	-1.92	-1.22	-1.29	-1.16	-1.36	-1.75	-1.53	-5.62	-2.11
Net Cash From Continuing Operating Activities	-1.79	-2.21	-1.92	-1.22	-1.29	-1.16	-1.36	-1.75	-1.53	-5.62	-2.11
Net Income / (Loss) Continuing Operations	-1.27	-5.93	-2.08	-1.70	-1.09	-1.60	-1.73	-1.87	14	-2.09	-1.86
Consolidated Net Income / (Loss)	-1.27	-5.93	-2.08	-1.70	-1.09	-1.60	-1.73	-1.87	14	-2.09	-1.86
Depreciation Expense	0.02	0.04	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Amortization Expense	0.02	0.02	0.02	0.02	0.02	0.03	0.08	0.09	0.09	0.03	0.10
Non-Cash Adjustments To Reconcile Net Income	0.05	3.58	0.28	0.03	0.00	0.24	-0.08	-0.10	-16	-3.87	-0.07
Changes in Operating Assets and Liabilities, net	-0.60	0.08	-0.16	0.42	-0.24	0.16	0.36	0.12	-0.01	0.31	-0.30
Net Cash From Investing Activities	-0.02	-0.07	0.00	0.15	-	-0.00	-0.04	0.03	-0.08	19	-0.01
Net Cash From Continuing Investing Activities	-0.02	-0.07	0.00	0.15	-	-0.00	-0.04	0.03	-0.08	19	-0.01
Purchase of Property, Plant & Equipment	-0.02	-0.07	0.00	-0.04	-	-	-0.04	0.03	-0.08	-0.00	-0.01
Net Cash From Financing Activities	-0.03	-0.01	-0.01	-0.00	5.79	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Net Cash From Continuing Financing Activities	-0.03	-0.01	-0.01	-0.00	5.79	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Repayment of Debt	-	-	-	-	-	-	-0.00	-	-	-	-0.00
Effect of Exchange Rate Changes	0.01	-0.03	0.04	-0.10	-0.01	-0.01	-0.03	-0.03	-	-	-0.00
Cash Income Taxes Paid	0.04	0.02	0.01	0.01	-0.01	0.01	0.01	-	-0.02	0.00	0.00

This table presents Neonode'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	5.93	9.70	13	13	7.44	17	23	21	19	18	27
Total Current Assets	5.33	7.67	9.80	10	5.43	15	22	21	19	18	26
Cash & Equivalents	3.08	3.48	5.80	6.56	2.36	10	17	15	16	16	25
Accounts Receivable	1.35	1.55	1.01	1.83	1.32	1.74	1.29	1.45	0.65	0.73	0.39
Prepaid Expenses	0.75	1.95	1.84	0.89	0.72	1.16	0.84	0.71	0.89	0.48	0.50
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	0.92	0.00	0.04
Plant, Property, & Equipment, net	0.59	2.03	3.33	2.48	1.58	1.00	0.38	0.28	0.11	0.06	0.15
Total Noncurrent Assets	0.00	0.00	0.00	0.26	0.42	0.92	0.58	0.12	0.28	0.63	0.46
Other Noncurrent Operating Assets	-	-	0.00	0.26	0.42	0.92	0.58	0.12	0.00	0.63	0.46
Total Liabilities & Shareholders' Equity	5.93	9.70	13	13	7.44	17	23	21	19	18	27
Total Liabilities	4.09	5.57	5.26	3.45	3.59	4.68	3.16	1.78	1.85	1.94	2.20
Total Current Liabilities	3.81	4.61	3.58	2.31	3.02	4.21	2.97	1.70	1.83	1.62	2.18
Short-Term Debt	0.06	0.23	0.57	0.00	-	0.50	0.43	0.08	0.00	0.23	0.34
Accounts Payable	0.97	1.29	0.51	0.50	0.56	1.08	0.78	0.33	0.40	0.23	0.46
Accrued Expenses	0.38	0.17	0.18	0.27	0.54	0.55	0.37	0.20	0.31	0.40	0.46
Current Deferred Revenue	1.48	1.92	-	0.08	0.07	0.14	0.11	0.04	0.00	0.00	0.04
Current Employee Benefit Liabilities	0.93	1.00	1.08	0.90	0.96	1.17	1.04	0.95	0.85	0.76	0.87
Other Current Liabilities	-	-	1.25	0.57	0.90	0.77	0.26	0.10	0.01	0.00	0.01
Total Noncurrent Liabilities	0.28	0.96	1.68	1.13	0.57	0.47	0.18	0.08	0.02	0.32	0.02
Capital Lease Obligations	0.28	0.96	1.68	1.13	0.51	0.10	0.07	0.05	0.00	0.00	0.02
Other Noncurrent Operating Liabilities	-	-	-	0.00	0.06	0.38	0.12	0.04	0.00	0.32	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1.83	4.14	7.86	9.80	3.85	12	20	19	17	16	25
Total Preferred & Common Equity	1.85	4.51	9.02	12	6.39	15	24	19	17	16	25
Preferred Stock	0.00	0.00	0.00	0.00	-	-	-	-	0.00	0.00	0.00
Total Common Equity	1.85	4.51	9.02	12	6.39	15	24	19	17	16	25
Common Stock	176	184	193	198	198	212	227	227	235	241	241
Retained Earnings	-174	-179	-184	-185	-191	-196	-203	-207	-218	-224	-216
Accumulated Other Comprehensive Income / (Loss)	0.05	-0.17	-0.10	-0.46	-0.64	-0.40	-0.41	-0.34	-0.40	-0.45	-0.70

This table presents Neonode'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	25	17	15	20	17	15	33	25
Total Current Assets	24	17	15	20	16	14	32	24
Cash & Equivalents	18	14	13	18	15	13	12	23
Accounts Receivable	0.93	1.07	1.25	0.84	0.67	0.37	0.65	0.53
Prepaid Expenses	0.76	0.76	0.54	0.76	0.48	0.52	0.53	0.63
Other Current Nonoperating Assets	-	-	-	0.36	0.05	0.04	0.04	0.04
Plant, Property, & Equipment, net	0.29	0.29	0.08	0.08	0.10	0.10	0.16	0.14
Total Noncurrent Assets	0.07	0.03	0.02	0.00	0.61	0.55	0.47	0.34
Other Noncurrent Operating Assets	0.07	0.03	0.02	0.00	0.61	0.55	0.47	0.34
Total Liabilities & Shareholders' Equity	25	17	15	20	17	15	33	25
Total Liabilities	1.84	1.87	1.87	1.64	2.40	2.41	6.02	2.06
Total Current Liabilities	1.81	1.86	1.87	1.64	2.12	2.22	5.93	2.05
Short-Term Debt	0.07	0.03	0.02	0.00	0.26	0.28	0.30	0.23
Accounts Payable	0.51	0.49	0.32	0.21	0.40	0.23	0.53	0.37
Accrued Expenses	0.43	0.21	0.21	0.14	0.44	0.55	0.25	0.39
Current Deferred Revenue	0.03	0.08	0.05	0.03	0.08	0.06	-	0.10
Current Employee Benefit Liabilities	0.74	1.02	1.27	1.12	0.94	1.08	0.91	0.94
Other Current Liabilities	0.04	0.03	0.01	0.00	0.01	0.01	3.95	0.01
Total Noncurrent Liabilities	0.02	0.01	0.00	0.00	0.28	0.19	0.09	0.01
Capital Lease Obligations	0.02	0.01	0.00	0.00	0.02	0.02	0.09	0.01
Other Noncurrent Operating Liabilities	0.00	-	-	-	0.26	0.17	-	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	23	15	13	18	15	13	27	23
Total Preferred & Common Equity	23	15	13	18	15	13	27	23
Preferred Stock	-	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	23	15	13	18	15	13	27	23
Common Stock	235	235	235	241	241	241	241	241
Retained Earnings	-212	-220	-221	-222	-226	-228	-213	-217
Accumulated Other Comprehensive Income / (Loss)	-0.49	-0.43	-0.46	-0.49	-0.58	-0.64	-0.67	-0.68

This table displays calculated financial ratios and metrics derived from Neonode'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	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	43,724,984.00	48,844,503.00	58,594,503.00	5,859,414.00	8,811,154.00	11,467,377.00	13,561,217.00	13,570,322.00	15,359,481.00	-	16,782,922.00
DEI Adjusted Shares Outstanding	4,372,498.00	4,884,450.00	5,859,450.00	5,859,414.00	8,811,154.00	11,467,377.00	13,561,217.00	13,570,322.00	15,359,481.00	-	16,782,922.00
DEI Earnings Per Adjusted Shares Outstanding	-1.79	-1.08	-0.80	-0.52	-0.60	-0.49	-0.48	-0.36	-0.66	-	0.51
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	134.49%	-8.12%	0.27%	-16.63%	-22.16%	-9.96%	-2.47%	-2.84%	-32.47%	-18.83%	-33.66%
EBITDA Growth	46.18%	35.32%	7.22%	36.50%	-55.68%	-12.37%	-18.83%	20.50%	-2.00%	-18.22%	220.23%
EBIT Growth	45.63%	32.22%	-4.60%	29.15%	-47.68%	-8.13%	-14.70%	25.92%	5.01%	-17.18%	212.59%
NOPAT Growth	45.77%	33.16%	-6.45%	29.20%	-47.79%	-8.05%	-14.80%	25.62%	-8.53%	-14.12%	261.02%
Net Income Growth	44.96%	27.90%	2.73%	28.26%	-47.18%	-8.27%	-15.70%	27.31%	-91.61%	36.13%	231.35%
EPS Growth	47.22%	36.84%	-641.67%	41.57%	-15.38%	193.33%	0.00%	0.00%	0.00%	37.88%	0.00%
Operating Cash Flow Growth	31.81%	22.46%	10.73%	48.77%	-23.02%	-63.55%	-33.48%	11.33%	7.34%	11.35%	-83.37%
Free Cash Flow Firm Growth	33.83%	6.32%	3.23%	55.99%	41.33%	-168.14%	-35.30%	7.04%	111.57%	-846.80%	268.05%
Invested Capital Growth	59.45%	272.82%	133.84%	1.37%	-54.54%	1.46%	46.03%	60.70%	-98.31%	200.00%	-246.25%
Revenue Q/Q Growth	12.42%	-0.92%	4.14%	-9.64%	-10.14%	22.70%	-33.59%	17.22%	-25.82%	-29.87%	-6.14%
EBITDA Q/Q Growth	6.55%	31.35%	-46.61%	26.30%	-54.01%	16.03%	-6.32%	12.97%	12.16%	49.87%	-8.49%
EBIT Q/Q Growth	6.49%	28.83%	-40.02%	21.82%	-40.65%	13.34%	-3.80%	10.75%	12.31%	49.37%	-8.87%
NOPAT Q/Q Growth	6.33%	29.19%	-40.02%	21.88%	-40.65%	13.41%	-3.80%	10.39%	-0.60%	43.43%	-8.82%
Net Income Q/Q Growth	6.04%	26.45%	-35.78%	21.88%	-40.52%	13.53%	-4.31%	12.45%	-89.11%	40.08%	-5.45%
EPS Q/Q Growth	0.00%	25.00%	-43.55%	26.76%	-50.00%	168.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-5.30%	9.31%	22.77%	9.67%	-1.74%	-32.20%	-9.39%	18.93%	-20.98%	15.75%	-76.79%
Free Cash Flow Firm Q/Q Growth	-19.49%	13.70%	23.48%	18.90%	15.60%	-190.46%	-5.32%	25.11%	116.61%	-28.82%	209.37%
Invested Capital Q/Q Growth	60.74%	814.73%	-17.69%	-15.68%	-53.36%	166.31%	87.64%	-0.76%	-98.26%	34.08%	-102.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.99%	86.90%	77.12%	89.21%	89.72%	81.99%	83.64%	85.82%	99.69%	96.27%	98.74%
EBITDA Margin	-67.81%	-47.73%	-44.17%	-33.64%	-67.27%	-83.96%	-102.30%	-83.70%	-126.43%	-184.14%	373.76%
Operating Margin	-69.24%	-50.37%	-53.47%	-45.41%	-86.22%	-103.46%	-121.78%	-93.23%	-149.83%	-210.65%	357.47%
EBIT Margin	-69.49%	-51.26%	-53.47%	-45.44%	-86.22%	-103.54%	-121.78%	-92.86%	-130.61%	-188.55%	357.47%
Profit (Net Income) Margin	-70.49%	-55.31%	-53.66%	-46.17%	-87.30%	-104.98%	-124.54%	-93.17%	-264.38%	-208.04%	411.88%
Tax Burden Percent	101.20%	106.95%	98.99%	100.33%	100.66%	100.95%	102.05%	102.28%	202.42%	110.34%	105.79%
Interest Burden Percent	100.23%	100.90%	101.37%	101.26%	100.59%	100.44%	100.21%	98.10%	100.00%	100.00%	108.91%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.11%
Return on Invested Capital (ROIC)	0.00%	-926.85%	-124.54%	-62.51%	-126.17%	-216.52%	-200.60%	-96.42%	-166.95%	-2,864.31%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-847.93%	-67.64%	-35.15%	-77.00%	-183.31%	-183.47%	-86.40%	-128.50%	-2,853.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	737.54%	32.94%	17.86%	41.12%	136.69%	154.78%	69.51%	111.60%	2,825.83%	0.00%
Return on Equity (ROE)	-307.07%	-189.31%	-91.60%	-44.65%	-85.05%	-79.84%	-45.82%	-26.92%	-55.35%	-38.48%	41.30%
Cash Return on Invested Capital (CROIC)	0.00%	-353.13%	-204.72%	-63.87%	-51.18%	-217.97%	-238.02%	-142.99%	26.40%	-2,964.31%	0.00%
Operating Return on Assets (OROA)	-106.33%	-66.99%	-47.97%	-29.43%	-55.42%	-51.62%	-35.93%	-23.83%	-24.87%	-31.34%	32.57%
Return on Assets (ROA)	-107.85%	-72.28%	-48.14%	-29.90%	-56.12%	-52.33%	-36.74%	-23.91%	-50.35%	-34.58%	37.52%
Return on Common Equity (ROCE)	-307.80%	-201.43%	-103.28%	-52.74%	-113.66%	-109.10%	-56.31%	-29.69%	-55.35%	-38.48%	41.30%
Return on Equity Simple (ROE_SIMPLE)	-424.66%	-125.39%	-60.90%	-33.30%	-90.76%	-41.57%	-30.44%	-27.21%	-58.98%	-39.33%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.39	-3.60	-3.83	-2.71	-4.01	-4.33	-4.97	-3.70	-4.02	-4.58	7.38
NOPAT Margin	-48.47%	-35.26%	-37.43%	-31.79%	-60.35%	-72.42%	-85.25%	-65.26%	-104.88%	-147.46%	357.87%
Net Nonoperating Expense Percent (NNEP)	-55.63%	-78.91%	-56.89%	-27.36%	-49.17%	-33.21%	-17.13%	-10.02%	-38.45%	-11.32%	5.40%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-23.40%	-27.50%	29.46%
Cost of Revenue to Revenue	34.01%	13.10%	22.88%	10.79%	10.28%	18.01%	16.36%	14.18%	0.31%	3.73%	1.26%
SG&A Expenses to Revenue	44.98%	40.08%	44.18%	49.44%	64.64%	73.93%	96.01%	73.28%	85.30%	121.20%	199.95%
R&D to Revenue	56.49%	69.22%	59.35%	61.82%	78.83%	69.17%	60.76%	69.89%	100.10%	110.81%	183.27%
Operating Expenses to Revenue	135.23%	137.27%	130.59%	134.62%	175.94%	185.44%	205.41%	179.05%	249.52%	306.92%	-258.73%
Earnings before Interest and Taxes (EBIT)	-7.72	-5.24	-5.48	-3.88	-5.73	-6.20	-7.11	-5.27	-5.00	-5.86	7.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.54	-4.88	-4.52	-2.87	-4.47	-5.02	-5.97	-4.75	-4.84	-5.72	7.71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.04	7.95	1.18
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.04	7.95	1.18
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.16	42.03	14.16
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	3.44
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%	29.08%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	236.68	476.80	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.95	36.82	2.04
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	0.55
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	0.57
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	0.57
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	29.81	0.00	0.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.29	0.29	0.12	0.13	0.05	0.02	0.01	0.00	0.01	0.01
Long-Term Debt to Equity	0.15	0.23	0.21	0.12	0.13	0.01	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.72	-0.87	-0.49	-0.51	-0.53	-0.75	-0.84	-0.80	-0.87	-0.99	-1.00
Leverage Ratio	2.85	2.62	1.90	1.49	1.52	1.53	1.25	1.13	1.10	1.11	1.10
Compound Leverage Factor	2.85	2.64	1.93	1.51	1.52	1.53	1.25	1.10	1.10	1.11	1.20
Debt to Total Capital	15.65%	22.32%	22.24%	10.37%	11.66%	4.80%	2.41%	0.66%	0.01%	1.35%	1.43%
Short-Term Debt to Total Capital	2.62%	4.28%	5.62%	0.00%	0.00%	4.04%	2.09%	0.42%	0.00%	1.35%	1.37%
Long-Term Debt to Total Capital	13.02%	18.03%	16.62%	10.37%	11.66%	0.76%	0.32%	0.24%	0.01%	0.00%	0.06%
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	-0.55%	-6.95%	-11.47%	-18.68%	-58.46%	-25.81%	-19.88%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.91%	84.63%	89.23%	108.32%	146.80%	121.01%	117.47%	99.34%	99.99%	98.65%	98.57%
Debt to EBITDA	-0.05	-0.24	-0.50	-0.39	-0.11	-0.12	-0.08	-0.03	0.00	-0.04	0.05
Net Debt to EBITDA	0.38	0.47	0.79	1.89	0.42	1.97	2.83	3.09	3.34	2.83	-3.24
Long-Term Debt to EBITDA	-0.04	-0.20	-0.37	-0.39	-0.11	-0.02	-0.01	-0.01	0.00	0.00	0.00
Debt to NOPAT	-0.06	-0.33	-0.59	-0.42	-0.13	-0.14	-0.10	-0.03	0.00	-0.05	0.05
Net Debt to NOPAT	0.54	0.64	0.93	2.00	0.46	2.28	3.40	3.97	4.02	3.54	-3.39
Long-Term Debt to NOPAT	-0.05	-0.27	-0.44	-0.42	-0.13	-0.02	-0.01	-0.01	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.26	23.52	-1.19
Noncontrolling Interest Sharing Ratio	-0.24%	-6.40%	-12.75%	-18.13%	-33.63%	-36.66%	-22.90%	-10.29%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.66	2.73	4.54	1.80	3.48	7.41	12.24	10.16	10.92	12.05
Quick Ratio	1.20	1.09	1.90	3.63	1.22	2.90	6.28	9.57	9.17	10.59	11.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.95	-6.51	-6.30	-2.77	-1.63	-4.36	-5.90	-5.49	0.64	-4.74	7.97
Operating Cash Flow to CapEx	-4,072.22%	-636.66%	-850.76%	-1,232.33%	-3,951.69%	-9,586.67%	-11,459.70%	-13,092.31%	-5,128.46%	0.00%	-11,268.13%
Free Cash Flow to Firm to Interest Expense	-386.18	-138.55	-84.02	-56.59	-47.85	-161.58	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-447.94	-133.02	-74.41	-58.35	-103.44	-213.04	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-458.94	-153.91	-83.16	-63.08	-106.06	-215.26	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.53	1.31	0.90	0.65	0.64	0.50	0.30	0.26	0.19	0.17	0.09
Accounts Receivable Turnover	9.07	7.06	8.01	6.01	4.21	3.90	3.84	4.14	3.65	4.49	3.67
Inventory Turnover	0.00	0.00	2.53	0.78	0.61	0.94	0.50	0.25	0.00	0.00	0.00
Fixed Asset Turnover	17.81	7.78	3.82	2.94	3.27	4.63	8.46	17.23	19.54	36.14	19.92
Accounts Payable Turnover	4.94	1.19	2.61	1.82	1.29	1.32	1.03	1.45	0.03	0.37	0.08
Days Sales Outstanding (DSO)	40.26	51.71	45.58	60.71	86.61	93.54	94.94	88.22	100.09	81.27	99.39
Days Inventory Outstanding (DIO)	0.00	0.00	144.10	470.22	600.94	389.89	724.84	1,440.71	0.00	0.00	0.00
Days Payable Outstanding (DPO)	73.92	307.03	139.82	200.14	282.17	277.47	355.45	251.96	11,162.92	989.59	4,864.33
Cash Conversion Cycle (CCC)	-33.66	-255.32	49.87	330.79	405.38	205.95	464.34	1,276.97	-11,062.83	-908.32	-4,764.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1.07	1.84	4.31	4.37	1.99	2.02	2.94	4.73	0.08	0.24	-0.35
Invested Capital Turnover	-6.01	26.29	3.33	1.97	2.09	2.99	2.35	1.48	1.59	19.43	-37.15
Increase / (Decrease) in Invested Capital	1.56	2.91	2.47	0.06	-2.38	0.03	0.93	1.79	-4.65	0.16	-0.59
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19	114	4.20
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	35	131	29
Book Value per Share	$0.04	$0.09	$0.15	$2.02	$0.73	$1.32	$1.76	$1.43	$1.12	$1.04	$1.47
Tangible Book Value per Share	$0.04	$0.09	$0.15	$2.02	$0.73	$1.32	$1.76	$1.43	$1.12	$1.04	$1.47
Total Capital	2.17	5.32	10	11	4.36	12	20	20	17	17	25
Total Debt	0.34	1.19	2.25	1.13	0.51	0.60	0.49	0.13	0.00	0.23	0.36
Total Long-Term Debt	0.28	0.96	1.68	1.13	0.51	0.10	0.07	0.05	0.00	0.00	0.02
Net Debt	-2.90	-2.29	-3.55	-5.43	-1.86	-9.87	-17	-15	-16	-16	-25
Capital Expenditures (CapEx)	0.20	0.98	0.66	0.23	0.09	0.06	0.07	0.05	0.12	-0.15	0.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.66	-0.19	0.99	1.63	0.05	0.47	2.10	4.37	0.63	-0.14	-0.91
Debt-free Net Working Capital (DFNWC)	1.58	3.29	6.78	8.18	2.41	11	19	19	17	16	24
Net Working Capital (NWC)	1.52	3.06	6.21	8.18	2.41	10	19	19	17	16	24
Net Nonoperating Expense (NNE)	2.45	2.05	1.66	1.23	1.79	1.95	2.29	1.58	6.11	1.88	-1.11
Net Nonoperating Obligations (NNO)	-2.90	-2.29	-3.55	-5.43	-1.86	-9.87	-17	-15	-17	-16	-25
Total Depreciation and Amortization (D&A)	0.19	0.36	0.95	1.01	1.26	1.17	1.14	0.52	0.16	0.14	0.34
Debt-free, Cash-free Net Working Capital to Revenue	-14.94%	-1.83%	9.62%	19.04%	0.69%	7.87%	36.00%	77.00%	16.53%	-4.41%	-44.13%
Debt-free Net Working Capital to Revenue	14.21%	32.20%	66.22%	95.82%	36.28%	182.89%	333.86%	338.31%	438.44%	524.13%	1,185.65%
Net Working Capital to Revenue	13.69%	29.97%	60.68%	95.82%	36.28%	174.47%	326.58%	336.84%	438.44%	516.89%	1,168.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.19)	($0.12)	($0.09)	($0.52)	($0.60)	($0.56)	$0.54	($0.36)	($0.66)	($0.41)	$0.51
Adjusted Weighted Average Basic Shares Outstanding	43.82M	48.84M	58.59M	8.80M	9.17M	11.50M	13.58M	13.63M	15.32M	15.87M	16.78M
Adjusted Diluted Earnings per Share	($0.19)	($0.12)	($0.09)	($0.52)	($0.60)	($0.56)	$0.54	$0.00	$0.00	($0.41)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	43.82M	48.84M	58.59M	8.80M	9.17M	11.50M	13.58M	15.36M	15.36M	15.87M	16.78M
Adjusted Basic & Diluted Earnings per Share	($0.19)	($0.12)	($0.09)	($0.52)	($0.60)	($0.56)	$0.54	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.20M	45.69M	52.89M	5.88M	8.84M	9.99M	11.91K	15.36M	15.36M	0.00	16.78M
Normalized Net Operating Profit after Tax (NOPAT)	-5.39	-3.60	-3.83	-2.71	-4.01	-4.33	-4.97	-3.70	-4.02	-4.58	5.16
Normalized NOPAT Margin	-48.47%	-35.26%	-37.43%	-31.79%	-60.35%	-72.42%	-85.25%	-65.26%	-104.88%	-147.46%	250.23%
Pre Tax Income Margin	-69.65%	-51.72%	-54.20%	-46.02%	-86.73%	-103.99%	-122.04%	-91.09%	-130.61%	-188.55%	389.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-429.11	-111.38	-73.01	-79.18	-168.53	-229.48	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-299.29	-76.61	-51.11	-55.39	-117.97	-160.51	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-440.11	-132.28	-81.76	-83.92	-171.15	-231.70	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-310.29	-97.51	-59.86	-60.12	-120.59	-162.73	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.53%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.53%	0.00%	-0.23%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Neonode'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	15,359,481.00	15,359,481.00	15,359,481.00	15,359,481.00	15,359,481.00	-	15,359,481.00	15,359,481.00	15,359,481.00	16,782,922.00	16,782,922.00
DEI Adjusted Shares Outstanding	15,359,481.00	15,359,481.00	15,359,481.00	15,359,481.00	15,359,481.00	-	15,359,481.00	15,359,481.00	15,359,481.00	16,782,922.00	16,782,922.00
DEI Earnings Per Adjusted Shares Outstanding	-0.08	-0.39	-0.14	-0.11	-0.07	-	-0.11	-0.12	0.92	-0.12	-0.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-30.92%	-71.32%	-35.04%	-33.25%	-0.24%	-131.34%	-36.98%	-25.22%	-48.69%	-20.61%	19.69%
EBITDA Growth	-40.98%	-5.88%	-7.99%	-2.89%	1.07%	0.00%	-3.43%	-15.04%	1,261.52%	-44.38%	-1.40%
EBIT Growth	-29.42%	-2.89%	-8.52%	-2.40%	1.61%	1.56%	-6.10%	-19.09%	1,227.35%	-43.53%	-2.87%
NOPAT Growth	-30.67%	-2.73%	-19.97%	-9.96%	2.55%	1.56%	-4.19%	-17.94%	1,710.50%	-43.53%	-5.39%
Net Income Growth	-27.36%	-412.99%	-46.25%	-12.48%	14.14%	73.00%	16.84%	-10.21%	1,404.88%	-30.63%	-7.50%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-271.88%	-98.20%	-12.78%	-97.73%	27.51%	47.33%	28.98%	-43.44%	-18.01%	-382.98%	-54.85%
Free Cash Flow Firm Growth	81.61%	241.14%	218.35%	552.11%	600.42%	-127.77%	-112.56%	-135.41%	-144.07%	18.97%	-298.01%
Invested Capital Growth	-3.52%	-98.31%	-83.80%	-94.35%	-96.11%	200.00%	-123.20%	-240.26%	8,592.18%	-246.25%	4.74%
Revenue Q/Q Growth	-30.00%	-36.19%	51.87%	-1.60%	4.62%	-120.05%	-21.68%	16.76%	-28.21%	20.93%	18.08%
EBITDA Q/Q Growth	23.84%	-1.16%	-35.67%	1.56%	26.77%	-2.25%	-6.70%	-9.48%	839.37%	-116.72%	25.06%
EBIT Q/Q Growth	23.48%	-2.89%	-33.18%	2.34%	26.47%	-2.94%	-9.90%	-9.61%	796.07%	-117.12%	21.24%
NOPAT Q/Q Growth	22.74%	-1.91%	-47.23%	5.14%	31.53%	-2.94%	-19.31%	-7.38%	1,035.00%	-111.98%	12.39%
Net Income Q/Q Growth	15.99%	-368.01%	64.83%	18.67%	35.87%	-47.19%	-8.31%	-7.79%	859.31%	-114.73%	10.86%
EPS Q/Q Growth	0.00%	0.00%	0.00%	21.43%	0.00%	0.00%	0.00%	-10.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-189.30%	-23.70%	13.27%	36.29%	-6.07%	10.12%	-16.94%	-28.68%	12.74%	-267.85%	62.51%
Free Cash Flow Firm Q/Q Growth	-23.62%	627.36%	-22.28%	-10.77%	36.82%	-129.27%	72.08%	-151.57%	-70.28%	32.24%	-37.12%
Invested Capital Q/Q Growth	12.53%	-98.26%	923.75%	-71.79%	-22.51%	34.08%	-179.17%	-70.53%	4,902.16%	-102.26%	48.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	113.43%	97.91%	97.00%	97.26%	0.00%	98.25%	99.00%	97.91%	99.62%	99.35%
EBITDA Margin	-144.17%	-228.54%	-204.18%	-204.24%	-142.96%	0.00%	-335.09%	-314.19%	3,236.05%	-447.31%	-283.88%
Operating Margin	-149.64%	-238.99%	-231.70%	-223.35%	-146.18%	0.00%	-383.04%	-352.25%	3,211.63%	-454.62%	-337.30%
EBIT Margin	-148.21%	-238.99%	-209.58%	-207.99%	-146.18%	0.00%	-352.83%	-331.22%	3,211.63%	-454.62%	-303.26%
Profit (Net Income) Margin	-150.71%	-1,105.41%	-256.02%	-211.61%	-129.71%	0.00%	-337.82%	-311.85%	3,298.60%	-401.92%	-303.42%
Tax Burden Percent	123.27%	537.66%	122.16%	101.74%	103.13%	152.67%	95.75%	94.15%	101.79%	98.96%	100.05%
Interest Burden Percent	82.49%	86.03%	100.00%	100.00%	86.04%	83.11%	100.00%	100.00%	100.90%	89.34%	100.00%
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)	-115.46%	-266.29%	-187.14%	-216.59%	-128.03%	0.00%	-2,393.12%	0.00%	896.68%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-112.85%	-234.64%	-182.78%	-213.93%	-126.76%	0.00%	-2,390.66%	0.00%	894.10%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	85.66%	203.78%	156.56%	189.36%	111.98%	0.00%	2,339.89%	0.00%	-580.03%	0.00%	0.00%
Return on Equity (ROE)	-29.81%	-62.51%	-30.58%	-27.23%	-16.05%	0.00%	-53.23%	-48.42%	316.65%	41.30%	44.70%
Cash Return on Invested Capital (CROIC)	-81.66%	26.40%	0.08%	-22.84%	3.91%	-2,964.31%	0.00%	0.00%	-92.61%	0.00%	0.00%
Operating Return on Assets (OROA)	-35.91%	-45.51%	-31.77%	-29.99%	-19.66%	0.00%	-58.44%	-57.04%	269.01%	-41.42%	-31.32%
Return on Assets (ROA)	-36.52%	-210.52%	-38.81%	-30.51%	-17.44%	0.00%	-55.96%	-53.71%	276.29%	-36.62%	-31.34%
Return on Common Equity (ROCE)	-33.21%	-62.51%	-30.58%	-27.23%	-16.05%	0.00%	-53.23%	-48.42%	316.65%	41.30%	44.70%
Return on Equity Simple (ROE_SIMPLE)	-23.29%	0.00%	-71.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.88	-0.90	-1.32	-1.25	-0.86	-0.88	-1.38	-1.48	14	-1.65	-1.45
NOPAT Margin	-104.75%	-167.29%	-162.19%	-156.34%	-102.33%	0.00%	-268.13%	-246.58%	3,211.63%	-318.23%	-236.11%
Net Nonoperating Expense Percent (NNEP)	-2.62%	-31.65%	-4.35%	-2.66%	-1.27%	-4.31%	-2.47%	-3.00%	2.57%	-2.11%	-2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-5.22%	-8.75%	-9.39%	-4.76%	-5.30%	-9.26%	-11.40%	50.80%	-6.61%	-6.28%
Cost of Revenue to Revenue	0.00%	-13.43%	2.09%	3.00%	2.74%	0.00%	1.75%	1.00%	2.09%	0.38%	0.65%
SG&A Expenses to Revenue	89.76%	16.79%	119.41%	130.71%	87.59%	0.00%	166.08%	172.45%	200.47%	264.62%	190.23%
R&D to Revenue	98.45%	212.87%	109.95%	121.72%	98.09%	0.00%	190.06%	179.30%	184.65%	180.00%	147.39%
Operating Expenses to Revenue	249.64%	352.43%	329.61%	320.35%	243.44%	0.00%	481.29%	451.25%	-3,113.72%	554.23%	436.65%
Earnings before Interest and Taxes (EBIT)	-1.25	-1.28	-1.71	-1.67	-1.23	-1.26	-1.81	-1.98	14	-2.36	-1.86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.21	-1.23	-1.66	-1.64	-1.20	-1.23	-1.72	-1.88	14	-2.33	-1.74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	2.04	1.43	2.39	0.00	7.95	0.00	33.83	2.19	1.18	1.03
Price to Tangible Book Value (P/TBV)	1.07	2.04	1.43	2.39	0.00	7.95	0.00	33.83	2.19	1.18	1.03
Price to Revenue (P/Rev)	4.76	9.16	6.34	10.63	0.00	42.03	0.00	164.29	26.66	14.16	10.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.52	3.44	2.81
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%	15.34%	29.08%	35.59%
Enterprise Value to Invested Capital (EV/IC)	1.35	236.68	8.88	80.97	0.00	476.80	0.00	0.00	3.04	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.20	4.95	2.15	6.25	0.00	36.82	0.00	159.32	21.56	2.04	0.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.62	0.55	0.07
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.86	0.57	0.07
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.85	0.57	0.07
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	29.81	3,162.87	0.00	0.00	0.00	0.00	0.00	0.00	0.53	0.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.02	0.01	0.01	0.01
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	-0.76	-0.87	-0.86	-0.89	-0.88	-0.99	-0.98	-1.00	-0.65	-1.00	-1.01
Leverage Ratio	1.10	1.10	1.09	1.10	1.08	1.11	1.14	1.16	1.17	1.10	1.12
Compound Leverage Factor	0.90	0.95	1.09	1.10	0.93	0.92	1.14	1.16	1.18	0.98	1.12
Debt to Total Capital	0.39%	0.01%	0.30%	0.13%	0.00%	1.35%	1.87%	2.34%	1.41%	1.43%	1.07%
Short-Term Debt to Total Capital	0.29%	0.00%	0.23%	0.13%	0.00%	1.35%	1.74%	2.18%	1.09%	1.37%	1.01%
Long-Term Debt to Total Capital	0.10%	0.01%	0.08%	0.00%	0.00%	0.00%	0.13%	0.16%	0.32%	0.06%	0.05%
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	99.61%	99.99%	99.70%	99.87%	100.00%	98.65%	98.13%	97.66%	98.59%	98.57%	98.93%
Debt to EBITDA	-0.02	0.00	-0.01	0.00	0.00	-0.04	-0.04	-0.05	0.05	0.05	0.03
Net Debt to EBITDA	3.34	3.34	2.42	2.16	0.00	2.83	2.28	2.15	-1.33	-3.24	-3.01
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Debt to NOPAT	-0.02	0.00	-0.01	0.00	0.00	-0.05	-0.06	-0.06	0.05	0.05	0.03
Net Debt to NOPAT	4.60	4.02	3.36	3.01	0.00	3.54	3.17	2.66	-1.38	-3.39	-3.16
Long-Term Debt to NOPAT	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Altman Z-Score	-2.78	-3.61	-10.38	-9.34	0.00	24.35	0.00	86.27	-0.85	-2.39	-4.47
Noncontrolling Interest Sharing Ratio	-11.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	13.49	10.16	8.91	8.06	11.93	10.92	7.67	6.50	5.43	12.05	11.91
Quick Ratio	10.70	9.17	8.24	7.66	11.24	10.59	7.38	6.14	2.06	11.81	11.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.71	3.75	2.92	2.60	3.56	-1.04	-0.37	-0.92	-1.57	-1.06	-1.46
Operating Cash Flow to CapEx	-8,113.64%	-3,396.92%	0.00%	-3,297.30%	0.00%	-116,300.00%	-3,400.00%	0.00%	-2,036.00%	-561,700.00%	-16,200.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.19	0.15	0.14	0.13	0.17	0.17	0.17	0.08	0.09	0.10
Accounts Receivable Turnover	5.32	3.65	2.25	2.35	3.38	4.49	3.22	3.23	2.95	3.67	3.60
Inventory Turnover	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	18.14	19.54	11.73	16.08	16.38	36.14	14.21	28.63	18.54	19.92	17.95
Accounts Payable Turnover	1.48	0.03	0.00	0.00	0.00	0.37	0.24	0.33	0.21	0.08	0.05
Days Sales Outstanding (DSO)	68.66	100.09	162.20	155.41	107.95	81.27	113.32	112.86	123.69	99.39	101.42
Days Inventory Outstanding (DIO)	2,466.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	247.23	11,162.92	0.00	0.00	0.00	989.59	1,505.63	1,119.33	1,769.77	4,864.33	6,665.60
Cash Conversion Cycle (CCC)	2,288.31	-11,062.83	162.20	155.41	107.95	-908.32	-1,392.30	-1,006.47	-1,646.08	-4,764.93	-6,564.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4.60	0.08	0.82	0.23	0.18	0.24	-0.19	-0.32	16	-0.35	-0.18
Invested Capital Turnover	1.10	1.59	1.15	1.39	1.25	19.43	8.93	-56.02	0.28	-37.15	-11.66
Increase / (Decrease) in Invested Capital	-0.17	-4.65	-4.24	-3.86	-4.42	0.16	-1.01	-0.56	15	-0.59	0.01
Enterprise Value (EV)	6.19	19	7.27	19	0.00	114	0.00	415	47	4.20	0.51
Market Capitalization	25	35	22	32	0.00	131	0.00	428	59	29	23
Book Value per Share	$1.50	$1.12	$0.98	$0.87	$1.13	$1.04	$0.87	$0.75	$1.60	$1.47	$1.36
Tangible Book Value per Share	$1.50	$1.12	$0.98	$0.87	$1.13	$1.04	$0.87	$0.75	$1.60	$1.47	$1.36
Total Capital	23	17	15	13	18	17	15	13	27	25	23
Total Debt	0.09	0.00	0.05	0.02	0.00	0.23	0.28	0.30	0.38	0.36	0.25
Total Long-Term Debt	0.02	0.00	0.01	0.00	0.00	0.00	0.02	0.02	0.09	0.02	0.01
Net Debt	-18	-16	-14	-13	-18	-16	-15	-13	-11	-25	-23
Capital Expenditures (CapEx)	0.02	0.07	0.00	0.04	0.00	0.00	0.04	-0.03	0.08	0.00	0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4.25	0.63	0.49	0.13	0.32	-0.14	-0.59	-0.77	15	-0.91	-0.62
Debt-free Net Working Capital (DFNWC)	23	17	15	13	18	16	14	12	27	24	23
Net Working Capital (NWC)	23	17	15	13	18	16	14	12	26	24	22
Net Nonoperating Expense (NNE)	0.39	5.03	0.76	0.44	0.23	0.72	0.36	0.39	-0.37	0.44	0.41
Net Nonoperating Obligations (NNO)	-18	-17	-14	-13	-18	-16	-15	-13	-11	-25	-23
Total Depreciation and Amortization (D&A)	0.03	0.06	0.04	0.03	0.03	0.04	0.09	0.10	0.11	0.04	0.12
Debt-free, Cash-free Net Working Capital to Revenue	82.24%	16.53%	14.48%	4.38%	10.84%	-4.41%	-21.13%	-29.41%	681.57%	-44.13%	-28.71%
Debt-free Net Working Capital to Revenue	440.06%	438.44%	435.55%	442.59%	599.63%	524.13%	512.93%	478.77%	1,208.88%	1,185.65%	1,045.40%
Net Working Capital to Revenue	438.78%	438.44%	434.54%	442.03%	599.63%	516.89%	503.74%	467.95%	1,195.45%	1,168.96%	1,034.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($0.39)	($0.14)	($0.11)	($0.07)	($0.09)	($0.10)	($0.11)	$0.85	($0.13)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	15.36K	15.32M	15.36M	15.36M	15.98M	15.87M	16.78M	16.78M	16.78M	16.78M	16.78M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.07)	$0.00	($0.10)	($0.11)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	15.36M	15.32M	15.36M	15.47M	15.98M	15.87M	16.78M	16.78M	16.78M	16.78M	16.78M
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	15.36M	15.36M	15.36M	15.47M	0.00	0.00	0.00	0.00	16.78M	16.78M	16.78M
Normalized Net Operating Profit after Tax (NOPAT)	-0.88	-0.90	-1.32	-1.25	-0.86	-0.88	-1.38	-1.48	9.67	-1.65	-1.45
Normalized NOPAT Margin	-104.75%	-167.29%	-162.19%	-156.34%	-102.33%	0.00%	-268.13%	-246.58%	2,248.14%	-318.23%	-236.11%
Pre Tax Income Margin	-122.26%	-205.60%	-209.58%	-207.99%	-125.78%	0.00%	-352.83%	-331.22%	3,240.47%	-406.15%	-303.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Neonode’s latest quarter shows a company that is still unprofitable, but its balance sheet and cash position improved sharply after a major year-end cash build. Q1 2026 revenue was $614,000, up from $520,000 in Q4 2025 and $513,000 in Q1 2025, but the business still posted a net loss of $1.9 million. Operating expenses continue to far exceed gross profit, and operating cash flow remained deeply negative.

Cash and equivalents rose to $23.2 million in Q1 2026, up from $11.6 million in Q3 2025 and $14.0 million in Q1 2025, giving Neonode a much stronger near-term liquidity cushion.
Current assets far exceed current liabilities, with $24.4 million in current assets versus $2.1 million in current liabilities in Q1 2026, suggesting limited immediate balance-sheet stress.
Revenue improved year over year to $614,000 from $513,000 in Q1 2025, showing modest top-line growth.
Gross profit remained strong relative to revenue, with gross profit of $610,000 on $614,000 of revenue in Q1 2026, indicating very low cost of revenue.
Total liabilities are relatively low at $2.1 million versus $22.8 million in equity, which keeps leverage modest.
Revenue is still small and lumpy, with quarterly sales hovering roughly between $430,000 and $614,000 over the last several quarters, so the business has not established a durable scale trend yet.
Non-operating items helped results in some periods, including the large Q3 2025 jump in reported earnings from other operating income, which makes profitability harder to judge from operations alone.
Share count has been stable, with weighted average basic shares near 16.8 million in recent quarters, so dilution has not been the main story lately.
Neonode remains loss-making, posting a Q1 2026 net loss of $1.86 million and an operating loss of $2.07 million.
Operating cash flow is still negative at -$2.1 million in Q1 2026, indicating the core business continues to burn cash.
Operating expenses are far above revenue: Q1 2026 operating expenses were $2.68 million against just $614,000 of revenue.
Retained earnings remain deeply negative at -$217.5 million, reflecting a long history of losses.

Bottom line: Neonode’s recent balance-sheet position looks much healthier than its income statement. The company has enough cash for now, but unless revenue grows meaningfully or operating expenses come down, the recurring losses and negative operating cash flow remain the key risk for investors.

07/19/26 02:04 PM ETAI Generated. May Contain Errors.

Neonode Financials - Frequently Asked Questions

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

Neonode's net income appears to be on a downward trend, with a most recent value of $8.49 million in 2025, falling from -$7.84 million in 2015. The previous period was -$6.47 million in 2024. Find out what analysts predict for Neonode in the coming months.

Neonode's total operating income in 2025 was $7.37 million, based on the following breakdown:

Total Gross Profit: $2.04 million
Total Operating Expenses: -$5.34 million

Over the last 10 years, Neonode's total revenue changed from $11.12 million in 2015 to $2.06 million in 2025, a change of -81.4%.

Neonode's total liabilities were at $2.20 million at the end of 2025, a 13.3% increase from 2024, and a 46.4% decrease since 2015.

In the past 10 years, Neonode's cash and equivalents has ranged from $2.36 million in 2019 to $25.36 million in 2025, and is currently $25.36 million as of their latest financial filing in 2025.

Over the last 10 years, Neonode's book value per share changed from 0.04 in 2015 to 1.47 in 2025, a change of 3,386.0%.

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

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Neonode (NEON) Financials

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Neonode (NEON) Financials

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Financials Breakdown Chart

Key Financial Trends

Neonode Financials - Frequently Asked Questions

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

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

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

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