PROF (PROF) financial statements
PROF reported revenue of $16M in fiscal 2025, up 25.2% a year over 6 years.
Net income was -$43M and the operating margin -256.3%, against -357.1% in 2019.
Free cash flow was -$38M.
The diluted share count rose 172% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PROF's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4M | $7M | $7M | $7M | $7M | $11M | $16M |
| Cost of revenue | $2M | $4M | $4M | $4M | $3M | $4M | $5M |
| Gross profit | $2M | $3M | $3M | $3M | $4M | $7M | $11M |
| Research and development | $9M | $10M | $15M | $15M | $14M | $17M | $21M |
| Selling, general and admin | $6M | $8M | $10M | $9M | $19M | $23M | $32M |
| Operating income | -$15M | -$19M | -$30M | -$32M | -$29M | -$33M | -$41M |
| Interest expense | $171,000 | $3M | $448,000 | $290,000 | $146,000 | $600,000 | $394,000 |
| Pre-tax income | -$15M | -$22M | -$31M | -$28M | -$28M | -$28M | -$42M |
| Income tax | $147,000 | $45,000 | $105,000 | $287,000 | -$128,000 | -$2,000 | $252,000 |
| Net income | -$15M | -$22M | -$31M | -$29M | -$28M | -$28M | -$43M |
| EPS (diluted) | — | $1.25 | $1.50 | $1.38 | $1.34 | $1.12 | $1.41 |
| Diluted shares | 11M | 17M | 20M | 21M | 21M | 25M | 30M |
| Gross margin | 57.3% | 47.6% | 43.0% | 45.2% | 59.9% | 65.9% | 70.8% |
| Operating margin | -357.1% | -258.3% | -440.7% | -480.9% | -398.0% | -309.6% | -256.3% |
| Net margin | -364.7% | -296.0% | -446.7% | -429.1% | -393.4% | -260.4% | -264.4% |
Balance sheet
Fiscal years, from PROF's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $84M | $67M | $47M | $26M | $55M | $60M |
| Receivables | $3M | $7M | $1M | $6M | $7M | — | — |
| Inventory | $4M | $5M | $7M | $8M | $7M | $6M | $8M |
| Total current assets | $23M | $98M | $77M | $62M | $42M | $69M | $76M |
| Property, plant and equipment | $527,000 | $859,000 | $788,000 | $899,000 | $909,000 | $425,000 | $698,000 |
| Goodwill | $3M | $3M | $3M | — | — | — | — |
| Total assets | $30M | $105M | $87M | $64M | $44M | $70M | $77M |
| Total current liabilities | $8M | $5M | $4M | $4M | $6M | $7M | $6M |
| Long-term debt | $5M | — | — | $7M | $5M | $3M | $4M |
| Total liabilities | $16M | $7M | $6M | $12M | $13M | $10M | $11M |
| Shareholders' equity | $14M | $97M | $81M | $52M | $31M | $60M | $66M |
| Net debt | -$10M | -$84M | -$67M | -$40M | -$19M | -$50M | -$55M |
Cash flow
Fiscal years, from PROF's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15M | -$21M | -$22M | -$26M | -$23M | -$23M | -$38M |
| Capital spending | $189,000 | $350,000 | $593,000 | — | — | — | $176,000 |
| Free cash flow | -$15M | -$21M | -$23M | — | — | — | -$38M |
| Stock-based compensation | $1M | $3M | $7M | $4M | $3M | $3M | $5M |
| Net borrowing | — | — | — | $7M | -$912,000 | -$2M | -$290,000 |
| Free cash flow margin | -365.1% | -286.5% | -334.0% | — | — | — | -238.4% |
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What was PROF's revenue in 2025?
$16M in fiscal 2025, from its 10-K filing.
How much free cash flow does PROF generate?
-$38M in fiscal 2025 (operating cash flow minus capital spending).
From PROF's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.