WHWK (WHWK) financial statements
WHWK reported revenue of $7M in fiscal 2025, down 13.8% a year over 7 years.
Net income was -$21M.
Free cash flow was -$98M.
The diluted share count rose 7158% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WHWK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $20M | $0 | $14M | $14M | $15M | $24M | $26M | $7M |
| Cost of revenue | — | — | — | — | — | $0 | $1M | $3M | $3M | $760,000 |
| Gross profit | — | — | — | — | — | $14M | $14M | $22M | $23M | $6M |
| Research and development | $11M | $12M | $18M | $13M | $15M | $20M | $33M | $49M | $51M | $91M |
| Selling, general and admin | $5M | $9M | $13M | $10M | $2M | $19M | $40M | $45M | $37M | $30M |
| Operating income | -$17M | -$21M | -$11M | -$24M | -$3M | -$111M | -$63M | -$72M | -$67M | -$114M |
| Interest expense | $9,942 | — | — | — | $815,000 | $665,000 | $230,000 | $231,000 | $154,000 | $0 |
| Pre-tax income | — | — | — | — | -$3M | -$110M | -$61M | -$66M | -$64M | -$21M |
| Income tax | — | — | — | — | $2,000 | $2,000 | $0 | $0 | $0 | $0 |
| Net income | -$17M | -$21M | -$10M | -$23M | -$3M | -$110M | -$61M | -$66M | -$64M | -$21M |
| EPS (diluted) | -$24.52 | -$1.03 | -$0.31 | -$0.57 | -$1.76 | -$12.41 | -$2.69 | -$2.44 | -$2.36 | -$0.33 |
| Diluted shares | 1M | 22M | 34M | 41M | 3M | 9M | 23M | 27M | 27M | 62M |
| Gross margin | — | — | — | — | — | 100.0% | 91.2% | 88.5% | 88.4% | 89.4% |
| Operating margin | — | — | -55.5% | — | -18.2% | -794.4% | -411.9% | -295.4% | -259.6% | -1601.1% |
| Net margin | — | — | -51.6% | — | -24.8% | -786.4% | -397.7% | -270.0% | -245.1% | -288.3% |
Balance sheet
Fiscal years, from WHWK'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 | $20M | $63M | $39M | $4M | $149M | $173M | $109M | $47M | $146M |
| Receivables | $4,157 | — | — | — | $14M | $0 | $2M | $5M | $6M | $0 |
| Inventory | — | — | — | — | — | $0 | $2M | $6M | $5M | $0 |
| Total current assets | $2M | $21M | $64M | $40M | $19M | $151M | $180M | $125M | $61M | $149M |
| Property, plant and equipment | $149,595 | $107,223 | $98,449 | $164,187 | $21,000 | $57,000 | $508,000 | $5M | $7M | $3,000 |
| Total assets | $2M | $21M | $64M | $40M | $19M | $158M | $184M | $132M | $70M | $151M |
| Total current liabilities | $15M | $4M | $5M | $3M | $30M | $15M | $19M | $26M | $17M | $15M |
| Total liabilities | $89M | $4M | $5M | $3M | $31M | $22M | $26M | $27M | $18M | $15M |
| Shareholders' equity | -$86M | $17M | $59M | -$9M | -$12M | $136M | $158M | $105M | $52M | $136M |
| Net debt | -$2M | -$20M | -$63M | -$39M | -$4M | -$149M | -$39M | -$63M | -$29M | -$38M |
Cash flow
Fiscal years, from WHWK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$24,517 | -$19M | -$6M | -$24M | -$13M | -$22M | -$50M | -$60M | -$60M | -$97M |
| Capital spending | $113,297 | $8,896 | $37,912 | $236,952 | $19,025 | $46,000 | $444,000 | $4M | $2M | $552,000 |
| Free cash flow | -$137,814 | -$19M | -$6M | -$24M | -$13M | -$22M | -$50M | -$64M | -$61M | -$98M |
| Stock-based compensation | $488,326 | $649,409 | $3M | $1M | $139,000 | $2M | $10M | $12M | $11M | $10M |
| Dividends paid | — | — | — | — | — | $4M | $0 | — | — | — |
| Free cash flow margin | — | — | -29.0% | — | -90.9% | -160.5% | -329.2% | -261.3% | -235.6% | -1371.4% |
| Dividends per share | — | — | — | — | — | $0.49 | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for WHWK.
Open WHWK in InvestinglyQuestions
What was WHWK's revenue in 2025?
$7M in fiscal 2025, from its 10-K filing.
How much free cash flow does WHWK generate?
-$98M in fiscal 2025 (operating cash flow minus capital spending).
From WHWK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.