iTonic Holdings (ITOC) financial statements
iTonic Holdings reported revenue of $523,031 in fiscal 2025, down 8.4% a year over 3 years.
Net income was -$5M and the operating margin -991.7%, against 4.0% in 2022.
Free cash flow was -$3M, and the company returned $8,907 in dividends.
The diluted share count rose 34% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from iTonic Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $679,777 | $628,591 | $448,196 | $523,031 |
| Cost of revenue | $121,627 | $157,763 | $67,041 | $195,680 |
| Gross profit | $558,150 | $470,828 | $381,155 | $327,351 |
| Research and development | $73,717 | $84,474 | $93,324 | $459,135 |
| Selling, general and admin | $456,912 | $693,034 | $1M | $5M |
| Operating income | $27,521 | -$306,680 | -$770,266 | -$5M |
| Pre-tax income | $71,027 | -$260,508 | -$638,759 | -$5M |
| Income tax | -$12,953 | -$19,291 | $21,829 | — |
| Net income | $83,980 | -$241,217 | -$660,588 | -$5M |
| EPS (diluted) | $0.01 | -$0.02 | -$0.05 | -$0.32 |
| Diluted shares | 12M | 12M | 13M | 16M |
| Gross margin | 82.1% | 74.9% | 85.0% | 62.6% |
| Operating margin | 4.0% | -48.8% | -171.9% | -991.7% |
| Net margin | 12.4% | -38.4% | -147.4% | -974.7% |
Balance sheet
Fiscal years, from iTonic Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $72,288 | $217,885 | $6M | $3M |
| Receivables | — | $206,329 | $281,585 | $288,456 |
| Inventory | — | $52,263 | $117,422 | $52,479 |
| Total current assets | — | $532,468 | $7M | $4M |
| Property, plant and equipment | — | $58,885 | $45,594 | $37,818 |
| Goodwill | — | — | — | $2M |
| Total assets | — | $2M | $7M | $9M |
| Total current liabilities | — | $1M | $538,551 | $462,817 |
| Total liabilities | — | $1M | $538,551 | $969,832 |
| Shareholders' equity | $556,322 | $306,272 | $6M | $6M |
| Net debt | -$72,288 | -$217,885 | -$6M | -$1M |
Cash flow
Fiscal years, from iTonic Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$116,152 | -$63,636 | -$775,000 | -$3M |
| Capital spending | — | — | $861 | $3,806 |
| Free cash flow | — | — | -$775,861 | -$3M |
| Stock-based compensation | — | — | — | $3M |
| Dividends paid | $398,444 | — | — | $8,907 |
| Free cash flow margin | — | — | -173.1% | -618.6% |
| Dividends per share | $0.03 | — | — | $0.00 |
Questions
What was iTonic Holdings's revenue in 2025?
$523,031 in fiscal 2025, from its 10-K filing.
How much free cash flow does iTonic Holdings generate?
-$3M in fiscal 2025 (operating cash flow minus capital spending).
From iTonic Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.