NAGE (NAGE) financial statements
NAGE reported revenue of $129M in fiscal 2025, up 22.0% a year over 9 years.
Net income was $17M and the operating margin 12.6%, against -13.4% in 2016.
The diluted share count rose 129% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NAGE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22M | $21M | $32M | $46M | $59M | $67M | $72M | $84M | $100M | $129M |
| Cost of revenue | $11M | $11M | $16M | $21M | $24M | $26M | $29M | $33M | $38M | $46M |
| Gross profit | $10M | $10M | $16M | $26M | $35M | $41M | $43M | $51M | $62M | $83M |
| Research and development | $3M | $4M | $5M | $4M | $3M | $4M | $5M | $5M | $6M | $6M |
| Selling, general and admin | $11M | $22M | $44M | $53M | $52M | $65M | $57M | $51M | $48M | $63M |
| Operating income | -$3M | -$16M | -$33M | -$31M | -$20M | -$27M | -$19M | -$6M | $8M | $16M |
| Interest expense | $333,286 | $153,000 | $79,000 | $847,000 | $71,000 | $55,000 | — | — | — | — |
| Pre-tax income | -$4M | -$17M | — | — | — | — | — | -$5M | $9M | $18M |
| Income tax | $0 | $0 | — | — | — | — | — | $0 | $305,000 | $810,000 |
| Net income | -$3M | -$11M | -$33M | -$32M | -$20M | -$27M | -$17M | -$5M | $9M | $17M |
| EPS (diluted) | -$0.08 | -$0.26 | -$0.61 | -$0.56 | -$0.33 | -$0.40 | -$0.24 | -$0.07 | $0.11 | $0.20 |
| Diluted shares | 37M | 45M | 55M | 57M | 61M | 67M | 70M | 75M | 78M | 85M |
| Gross margin | 48.0% | 49.4% | 50.9% | 55.7% | 59.5% | 61.5% | 59.4% | 60.8% | 61.8% | 64.3% |
| Operating margin | -13.4% | -77.2% | -105.1% | -67.6% | -33.5% | -40.1% | -25.9% | -6.7% | 7.8% | 12.6% |
| Net margin | -13.5% | -53.7% | -105.6% | -69.4% | -33.6% | -40.2% | -23.0% | -5.9% | 8.6% | 13.4% |
Balance sheet
Fiscal years, from NAGE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $45M | $23M | $19M | $17M | $28M | $20M | $27M | $44M | $65M |
| Receivables | $6M | $5M | $4M | $2M | $3M | $5M | $8M | $5M | $8M | $10M |
| Inventory | $8M | $6M | $8M | $12M | $12M | $14M | $15M | $15M | $9M | $20M |
| Total current assets | $16M | $57M | $37M | $34M | $32M | $49M | $47M | $50M | $64M | $97M |
| Property, plant and equipment | $2M | $3M | $4M | $4M | $3M | $3M | $3M | $2M | $2M | $1M |
| Total assets | $20M | $63M | $42M | $40M | $38M | $58M | $54M | $55M | $68M | $106M |
| Total current liabilities | $9M | $8M | $14M | $15M | $16M | $18M | $18M | $21M | $18M | $20M |
| Long-term debt | $0 | — | — | — | — | — | — | — | — | — |
| Total liabilities | $10M | $9M | $15M | $20M | $22M | $26M | $25M | $27M | $22M | $30M |
| Shareholders' equity | $10M | $54M | $27M | $20M | $16M | $32M | $29M | $28M | $46M | $77M |
| Net debt | -$2M | -$45M | -$23M | -$19M | -$17M | -$28M | -$20M | -$27M | -$44M | -$65M |
Cash flow
Fiscal years, from NAGE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | -$10M | -$21M | -$20M | -$11M | -$24M | -$15M | $7M | $12M | $14M |
| Capital spending | $2M | $1M | $1M | $743,000 | — | — | — | — | — | — |
| Free cash flow | -$4M | -$11M | -$22M | -$21M | — | — | — | — | — | — |
| Stock-based compensation | $1M | $5M | $6M | $7M | $7M | $6M | $6M | $5M | $4M | $6M |
| Share buybacks (net) | — | $0 | -$404,000 | — | — | — | — | — | $0 | -$251,000 |
| Free cash flow margin | -20.5% | -51.7% | -70.4% | -45.8% | — | — | — | — | — | — |
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What was NAGE's revenue in 2025?
$129M in fiscal 2025, from its 10-K filing.
From NAGE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.