XFOR (XFOR) financial statements
XFOR reported revenue of $35M in fiscal 2025, up 63.6% a year over 5 years.
Net income was -$79M.
Free cash flow was -$86M.
The diluted share count rose 246973% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from XFOR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $0 | $3M | $0 | $0 | $0 | $3M | $35M |
| Cost of revenue | — | — | — | — | — | — | $0 | $0 | $797,000 | $6M |
| Gross profit | — | — | — | — | — | — | $0 | $0 | $2M | $29M |
| Research and development | $18M | $17M | $20M | $30M | $42M | $51M | $61M | $72M | $82M | $73M |
| Selling, general and admin | $7M | $5M | $9M | $18M | $21M | $25M | $27M | $36M | $62M | $44M |
| Operating income | -$24M | -$22M | -$29M | -$52M | -$60M | -$85M | -$88M | -$108M | -$36M | -$87M |
| Interest expense | $3M | $490,000 | $720,000 | $2M | $3M | $4M | $4M | $6M | $9M | $9M |
| Pre-tax income | -$23M | -$22M | -$33M | -$53M | -$62M | -$89M | -$94M | -$101M | -$37M | -$79M |
| Income tax | — | — | $0 | $0 | $148,000 | $17,000 | $28,000 | $78,000 | $310,000 | $41,000 |
| Net income | -$23M | -$22M | -$33M | -$53M | -$62M | -$89M | -$94M | -$101M | -$37M | -$79M |
| EPS (diluted) | -$1,343.70 | -$1,637.40 | -$2,374.50 | -$138.90 | -$92.70 | -$119.70 | -$45.60 | -$17.07 | -$5.59 | -$1.87 |
| Diluted shares | 0M | 0M | 0M | 0M | 1M | 1M | 2M | 6M | 7M | 42M |
| Gross margin | — | — | — | — | — | — | — | — | 68.8% | 83.6% |
| Operating margin | — | — | — | — | -1995.8% | — | — | — | -1423.6% | -247.4% |
| Net margin | — | — | — | — | -2071.0% | — | — | — | -1464.6% | -225.6% |
Balance sheet
Fiscal years, from XFOR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $27M | $8M | $126M | $79M | $82M | $122M | $114M | $102M | $253M |
| Receivables | — | — | — | $0 | — | — | — | $0 | $1M | $573,000 |
| Inventory | — | — | — | — | — | — | — | $0 | $3M | — |
| Total current assets | — | $80M | $9M | $129M | $83M | $88M | $129M | $122M | $112M | $262M |
| Property, plant and equipment | — | $421,000 | $241,000 | $403,000 | $1M | $2M | $1M | $745,000 | $776,000 | $182,000 |
| Goodwill | — | — | $0 | $27M | $27M | $17M | $17M | $17M | $17M | $17M |
| Total assets | — | $81M | $10M | $161M | $123M | $117M | $156M | $147M | $146M | $290M |
| Total current liabilities | — | $11M | $8M | $9M | $12M | $14M | $22M | $23M | $33M | $26M |
| Long-term debt | — | — | $8M | $20M | $33M | $33M | $32M | $55M | — | — |
| Total liabilities | — | $23M | $22M | $31M | $50M | $53M | $82M | $96M | $124M | $104M |
| Shareholders' equity | -$23M | -$45M | -$77M | $129M | $73M | $64M | $74M | $51M | $22M | $186M |
| Net debt | -$15M | -$27M | $2M | -$106M | -$46M | -$48M | -$88M | -$45M | -$56M | -$217M |
Cash flow
Fiscal years, from XFOR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$22M | -$21M | -$25M | -$48M | -$59M | -$71M | -$77M | -$97M | -$131M | -$86M |
| Capital spending | $73,000 | $378,000 | $0 | $174,000 | $1M | $615,000 | $103,000 | $60,000 | $326,000 | $0 |
| Free cash flow | -$22M | -$22M | -$25M | -$48M | -$60M | -$72M | -$77M | -$97M | -$131M | -$86M |
| Stock-based compensation | $644,000 | $492,000 | $759,000 | $2M | $5M | $6M | $5M | $9M | $8M | $4M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$2M | $0 | $0 | — | — |
| Net borrowing | $264,000 | $694,000 | -$6M | -$9M | $0 | $0 | -$795,000 | -$2M | $0 | $0 |
| Free cash flow margin | — | — | — | — | -2006.0% | — | — | — | -5132.1% | -243.8% |
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Open XFOR in InvestinglyQuestions
What was XFOR's revenue in 2025?
$35M in fiscal 2025, from its 10-K filing.
How much free cash flow does XFOR generate?
-$86M in fiscal 2025 (operating cash flow minus capital spending).
From XFOR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.