YDES (YDES) financial statements
YDES reported revenue of $596,817 in fiscal 2025, up 30.6% a year over 2 years.
Net income was -$8M and the operating margin -883.3%, against -2.8% in 2023.
Free cash flow was -$8M.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from YDES's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $350,131 | $510,360 | $596,817 |
| Cost of revenue | $196,686 | $355,004 | $429,407 |
| Gross profit | $153,445 | $155,356 | $167,410 |
| Research and development | — | $491,353 | $2M |
| Selling, general and admin | $160,561 | $1M | $4M |
| Operating income | -$9,847 | -$1M | -$5M |
| Interest expense | $2,144 | $772 | — |
| Pre-tax income | $17,650 | -$1M | -$8M |
| Income tax | $4,090 | $25,080 | -$1,531 |
| Net income | $13,560 | -$1M | -$8M |
| EPS (diluted) | $0.00 | -$0.02 | -$0.12 |
| Diluted shares | 65M | 65M | 67M |
| Gross margin | 43.8% | 30.4% | 28.1% |
| Operating margin | -2.8% | -286.5% | -883.3% |
| Net margin | 3.9% | -276.6% | -1392.6% |
Balance sheet
Fiscal years, from YDES's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $87,098 | $3M | $6M |
| Receivables | — | $86,582 | $167,477 |
| Inventory | — | $37,335 | $2M |
| Total current assets | — | $3M | $10M |
| Property, plant and equipment | — | $64,379 | $59,340 |
| Total assets | — | $7M | $14M |
| Total current liabilities | — | $263,060 | $2M |
| Long-term debt | — | — | $6,764 |
| Total liabilities | — | $273,980 | $17M |
| Shareholders' equity | $22,994 | $7M | -$3M |
| Net debt | -$87,098 | -$3M | -$6M |
Cash flow
Fiscal years, from YDES's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$55,657 | -$1M | -$7M |
| Capital spending | $290 | $74,914 | $1M |
| Free cash flow | -$55,947 | -$1M | -$8M |
| Net borrowing | -$32,609 | -$32,977 | — |
| Free cash flow margin | -16.0% | -254.3% | -1346.6% |
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Open YDES in InvestinglyQuestions
What was YDES's revenue in 2025?
$596,817 in fiscal 2025, from its 10-K filing.
How much free cash flow does YDES generate?
-$8M in fiscal 2025 (operating cash flow minus capital spending).
From YDES's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.