STIM (STIM) financial statements
STIM reported revenue of $149M in fiscal 2025, up 17.8% a year over 9 years.
Net income was -$39M and the operating margin -21.1%, against -27.3% in 2016.
Free cash flow was -$21M.
The diluted share count rose 45072% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from STIM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34M | $40M | $53M | $63M | $49M | $55M | $65M | $71M | $75M | $149M |
| Cost of revenue | $7M | $10M | $12M | $15M | $12M | $12M | $15M | $20M | $21M | $77M |
| Gross profit | $28M | $31M | $40M | $47M | $38M | $44M | $50M | $52M | $54M | $72M |
| Research and development | $8M | $8M | $8M | $14M | $9M | $8M | $9M | $10M | $13M | $7M |
| Selling, general and admin | $29M | $36M | $52M | $60M | $51M | $63M | $75M | $73M | $76M | $97M |
| Operating income | -$9M | -$14M | -$20M | -$27M | -$22M | -$28M | -$35M | -$31M | -$35M | -$31M |
| Interest expense | $2M | $3M | $4M | $4M | $5M | $4M | $4M | $5M | $7M | $8M |
| Pre-tax income | -$11M | -$16M | -$24M | -$29M | — | — | — | — | — | — |
| Net income | -$11M | -$16M | -$24M | -$29M | -$27M | -$31M | -$37M | -$30M | -$44M | -$39M |
| EPS (diluted) | -$76.95 | -$86.34 | -$2.69 | -$1.58 | -$1.46 | -$1.22 | -$1.38 | -$1.05 | -$1.38 | -$0.59 |
| Diluted shares | 0M | 0M | 9M | 18M | 19M | 25M | 27M | 29M | 32M | 66M |
| Gross margin | 80.7% | 76.2% | 76.4% | 75.4% | 76.5% | 78.9% | 76.3% | 72.5% | 72.3% | 48.5% |
| Operating margin | -27.3% | -33.7% | -37.6% | -43.0% | -45.3% | -49.8% | -53.8% | -42.8% | -46.2% | -21.1% |
| Net margin | -32.8% | -39.7% | -45.7% | -46.4% | -55.7% | -56.4% | -57.0% | -42.3% | -58.4% | -26.1% |
Balance sheet
Fiscal years, from STIM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $29M | $105M | $76M | $49M | $94M | $70M | $60M | $18M | $28M |
| Receivables | — | $4M | $6M | $7M | $7M | $8M | $14M | $16M | $23M | $16M |
| Inventory | — | $2M | $2M | $3M | $4M | $7M | $9M | $8M | $4M | $4M |
| Total current assets | — | $37M | $114M | $88M | $65M | $115M | $99M | $94M | $58M | $62M |
| Property, plant and equipment | — | $1M | $1M | $1M | $730,000 | $1M | $2M | $2M | $6M | $4M |
| Goodwill | — | — | — | — | — | — | — | — | $19M | $24M |
| Total assets | — | $39M | $117M | $100M | $79M | $141M | $117M | $116M | $141M | $142M |
| Total current liabilities | — | $12M | $14M | $28M | $14M | $16M | $33M | $20M | $31M | $31M |
| Long-term debt | — | $30M | $30M | $20M | $35M | $35M | $23M | $59M | $55M | $66M |
| Total liabilities | — | $44M | $46M | $52M | $53M | $56M | $60M | $82M | $109M | $115M |
| Shareholders' equity | -$177M | -$193M | $71M | $48M | $25M | $85M | $57M | $34M | $28M | $22M |
| Net debt | -$17M | $409,000 | -$74M | -$45M | -$14M | -$59M | -$34M | -$394,000 | $37M | $38M |
Cash flow
Fiscal years, from STIM's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9M | -$11M | -$21M | -$30M | -$28M | -$28M | -$31M | -$32M | -$31M | -$20M |
| Capital spending | $324,000 | $594,000 | $1M | $813,000 | $730,000 | $2M | $3M | $2M | $1M | $801,000 |
| Free cash flow | -$9M | -$12M | -$22M | -$31M | -$29M | -$30M | -$34M | -$34M | -$32M | -$21M |
| Stock-based compensation | $161,000 | $496,000 | $2M | $3M | $4M | $8M | $9M | $7M | $6M | $7M |
| Net borrowing | — | — | — | — | $2M | — | — | $24M | -$3M | $10M |
| Free cash flow margin | -25.9% | -29.0% | -40.9% | -49.9% | -59.1% | -54.8% | -52.2% | -48.2% | -43.3% | -14.2% |
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Open STIM in InvestinglyQuestions
What was STIM's revenue in 2025?
$149M in fiscal 2025, from its 10-K filing.
How much free cash flow does STIM generate?
-$21M in fiscal 2025 (operating cash flow minus capital spending).
From STIM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.