GYRE THERAPEUTICS, INC. (GYRE)
Gyre Therapeutics, Inc. is a pharmaceutical company dedicated to discovering, advancing, and bringing to market small-molecule drugs that target inflammation and fibrosis in various organs. The company's key anti-fibrotic medication, ETUARY (Pirfenidone), has received approval for treating idiopathic pulmonary fibrosis. Beyond this, ETUARY is also undergoing late-stage (Phase 3) clinical trials for several other conditions, including dermatomyositis and interstitial lung disease linked to systemic sclerosis, pneumoconiosis, and diabetic kidney disease. The company's pipeline further includes F351 (Hydronidone), a compound structurally related to ETUARY. F351 is currently in Phase 3 studies for chronic hepatitis B-induced liver fibrosis and is in Phase 1 trials for liver fibrosis associated with nonalcoholic associated steatohepatitis (NASH). Other programs in development feature F573, which is progressing through Phase 2 studies for acute and acute-on-chronic liver failure. Additionally, two early-stage candidates, F528 and F230, are in preclinical development, focusing on chronic obstructive pulmonary disease (COPD) and pulmonary arterial hypertension (PAH), respectively. Established in 2002, Gyre Therapeutics, Inc. is based in San Diego, California, and operates as a subsidiary of GNI USA, Inc.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Gyre Therapeutics, Inc.
NASDAQ:GYREHealthcare · Biotechnology
-28.94%$4.55
AH$4.60+0.99%vs close
Mkt Cap$507.93M
Float16.76M
O/S111.51M
Vol
$ Vol
RVOL
Inst Own7.8%
SI11.5%
Earnings
Dilution
Financials Summary
Revenue$116.59M
Net Income$5.03M
Total Assets$166.13M
Free Cash Flow-$180K
Debt & Equity
Debt 1%
Equity 99%
Total Debt$939K
Total Equity$106.03M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 2:1Forward splitJan 13, 20231 share → 2
- 1:15Reverse splitFeb 13, 201715 shares → 1
Balance Sheet Details
Assets$166.13M
Liabilities$23.85M
Accounts Receivable$36.95M
Accounts Payable$124K
Inventory$10.17M
PP&E (Net)$24.73M
Goodwill$0
Intangible Assets$4.73M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Revenue | $116.59M | $105.76M | $113.45M | $102.29M | $7.34M | $20.95M | $0 | $6K | $1.02M | $399K | $1.75M | $1.81M | $3.63M | $57.86M | $97.64M | $85.71M | $25.06M | $20.09M | $11.58M | $27.54M | $1.18M | $3.74M | $2.46M | $2.29M | $1.7M |
| YoY Growth | 10.2% | -6.8% | 10.9% | 1294.0% | -65.0% | - | - | -99.4% | 155.1% | -77.2% | -3.5% | -50.0% | -93.7% | -40.7% | 13.9% | 242.0% | 24.8% | 73.5% | -58.0% | 2233.9% | -68.4% | 52.1% | 7.5% | 34.2% | - |
| Cost of Revenue | $5.42M | $3.88M | $4.64M | $4.79M | $7.67M | $9.16M | $146K | $149K | $173K | $10.55M | $5.96M | $5.27M | $6.56M | $0 | $2.48M | $2M | $691K | $749K | $715K | $457K | $481K | $198K | $743K | $244K | $0 |
| Gross Profit | $111.17M | $101.87M | $108.81M | $97.5M | -$332K | $11.79M | -$146K | -$143K | $845K | -$10.16M | -$4.21M | -$3.45M | -$2.93M | $57.86M | $95.16M | $83.72M | $24.37M | $19.34M | $10.86M | $27.08M | $699K | $3.54M | $1.72M | $2.04M | $1.7M |
| Gross Margin | 95.4% | 96.3% | 95.9% | 95.3% | -4.5% | 56.3% | - | -2383.3% | 83.0% | -2545.4% | -240.5% | -190.5% | -80.7% | 100.0% | 97.5% | 97.7% | 97.2% | 96.3% | 93.8% | 98.3% | 59.2% | 94.7% | 69.8% | 89.3% | 100.0% |
| Research and Development | $13.7M | $12.02M | $13.78M | $16.69M | $64.57M | $52.98M | $43.86M | $21.47M | $12.85M | $11.55M | $5.96M | $5.27M | $38.84M | $49.09M | $95.22M | $64.55M | $40.18M | $40.98M | $34.62M | $21.79M | $24.25M | $22.77M | $18.18M | $16.24M | $8.15M |
| Selling, General, and Administrative | $85.98M | $73.62M | $75.82M | $71.61M | $18.82M | $16.18M | $13.27M | $12.35M | $9.99M | $9.26M | $9.59M | $4.05M | $12.01M | $13.19M | $12.17M | $8.05M | $8.17M | $6.5M | $8.01M | $5.7M | $6.39M | $5.16M | $3.6M | $4.13M | $2.3M |
| Other | $0 | $66K | $86.44M | $0 | $0 | $0 | $0 | $0 | -$173K | $0 | $0 | -$680K | $0 | $0 | -$2.48M | -$2M | $16.35M | $0 | $0 | $0 | $0 | $0 | $0 | $2.67M | $0 |
| Total Operating Expenses | $99.68M | $85.71M | $176.04M | $88.29M | $83.39M | $69.16M | $57.13M | $33.83M | $22.67M | $20.82M | $15.55M | $8.64M | $50.84M | $62.28M | $104.9M | $70.6M | $64.7M | $47.48M | $42.63M | $27.48M | $30.64M | $27.93M | $21.78M | $23.05M | $10.45M |
| Operating Income (EBIT) | $11.49M | $16.23M | -$67.23M | $9.2M | -$83.73M | -$57.37M | -$57.28M | -$33.82M | -$21.82M | -$20.42M | -$13.8M | -$7.51M | -$47.22M | -$4.86M | -$9.74M | $13.12M | -$40.33M | -$28.14M | -$31.77M | -$404K | -$29.94M | -$24.39M | -$20.06M | -$21M | -$8.75M |
| Operating Margin | 9.9% | 15.3% | -59.3% | 9.0% | -1141.0% | -273.9% | - | -563700.0% | -2143.6% | -5117.3% | -788.7% | -414.2% | -1301.1% | -8.4% | -10.0% | 15.3% | -160.9% | -140.1% | -274.5% | -1.5% | -2537.5% | -652.5% | -816.3% | -918.8% | -513.9% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.48M | $23K | $53K | $86K | $132K | $153K | $217K | $251K | $138K | $84K | $225K | $133K | $0 | $0 | $0 |
| Interest Income | $1.75M | $1.55M | $1.04M | $726K | $39K | $561K | $2.15M | $3.77M | $261K | $3.47M | $518K | $585K | $784K | $1.07M | $1.22M | $1.46M | $1.05M | $2.73M | $3.84M | $2.58M | $1.17M | $505K | $0 | $0 | $0 |
| Other Income (Expense) | $2.94M | $6.99M | -$9.73M | $209K | -$4.21M | $1.13M | $2.1M | $3.77M | $261K | $3.47M | -$960K | $896K | $518K | -$2.24M | $1.22M | $1.31M | $833K | $2.48M | $3.7M | $2.5M | $949K | $368K | $0 | $0 | $0 |
| Income Before Tax (EBT) | $14.44M | $23.22M | -$76.97M | $9.41M | -$87.93M | -$56.24M | -$55.18M | -$30.05M | -$21.56M | -$16.95M | -$14.76M | -$6.61M | -$46.7M | -$7.1M | -$8.53M | $14.43M | -$39.49M | -$25.66M | -$28.07M | $2.1M | -$28.99M | -$24.03M | $0 | $0 | $0 |
| Income Tax Expense | $4.56M | $5.32M | $8.52M | $5.1M | $0 | -$699K | $0 | $0 | $0 | $0 | $0 | $0 | $7K | -$101K | $0 | $3.53M | -$88K | $0 | -$3.7M | -$2.5M | -$949K | -$368K | $19.39M | $21.07M | $7.3M |
| Net Income | $5.03M | $12.09M | -$92.93M | $2.3M | -$87.93M | -$55.54M | -$55.18M | -$30.05M | -$21.56M | -$16.95M | -$14.76M | -$32.62M | -$46.7M | -$7M | -$8.53M | $10.9M | -$39.4M | -$25.66M | -$28.07M | $2.1M | -$28.99M | -$24.03M | -$19.39M | -$21.07M | -$7.3M |
| Net Income Margin | 4.3% | 11.4% | -81.9% | 2.3% | -1198.3% | -265.1% | - | -500916.7% | -2118.0% | -4246.9% | -843.5% | -1799.4% | -1287.0% | -12.1% | -8.7% | 12.7% | -157.2% | -127.8% | -242.5% | 7.6% | -2457.1% | -642.7% | -789.1% | -921.8% | -428.8% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 0.06 | 0.14 | -1.41 | 0.03 | -2.87 | -2.93 | -4.41 | -2.68 | -7.45 | -21.76 | -49.99 | -0.97 | -145.78 | -21.95 | -28.31 | 39.90 | -161.39 | -109.24 | -149.47 | -9.45 | -16121.64 | -20635.57 | -8270.79 | -8095.27 | -2805.22 |
| Diluted EPS | 0.02 | 0.05 | -1.41 | 0.03 | -2.87 | -2.93 | -4.41 | -2.68 | -7.45 | -21.76 | -49.99 | -101.40 | -145.78 | -21.95 | -28.31 | 37.80 | -161.39 | -109.24 | -149.47 | -9.45 | -16121.64 | -20635.57 | -8270.79 | -8095.27 | -2805.22 |
| Weighted Average OS | 89.34M | 85.09M | 65.83M | 75.69M | 30.64M | 19.18M | 12.00M | 11.21M | 3.42M | 778,780 | 295,272 | 321,719 | 320,385 | 318,823 | 301,308 | 271,843 | 244,157 | 234,896 | 187,817 | 129,481 | 2,495 | 2,087 | 2,345 | 2,603 | 2,603 |
| EBITDA | $16.92M | $17.82M | $20.33M | $10.54M | -$87.64M | -$56.1M | -$55.03M | -$33.82M | -$21.65M | -$20.03M | -$12.81M | -$6.83M | -$46.76M | -$2.65M | -$7.26M | $15.11M | -$38.49M | -$26.34M | -$30.86M | $417K | -$29.14M | -$23.13M | -$20.06M | -$21M | -$8.75M |
| EBITDA Margin | 14.5% | 16.8% | 17.9% | 10.3% | -1194.4% | -267.8% | - | -563700.0% | -2126.6% | -5019.8% | -732.2% | -376.7% | -1288.6% | -4.6% | -7.4% | 17.6% | -153.6% | -131.2% | -266.6% | 1.5% | -2469.5% | -618.6% | -816.3% | -918.8% | -513.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $37.07M | $11.81M | $33.51M | $25.18M | $44.35M | $30.36M | $15.37M | $31.21M | $14.47M | $10.26M | $29.1M | $56.43M | $54.48M | $82.24M | $107.28M | $165.85M | $83.91M | $51.2M | $53.4M | $41.74M | $24.85M | $53.08M | $0 | $0 | $0 |
| Short-Term Investments | $15.36M | $14.86M | $0 | $0 | $2.5M | $48.99M | $61.5M | $88.91M | $17.97M | $6.8M | $3.4M | $50.95M | $37.84M | $42.72M | $87.72M | $48.17M | $27.16M | $37.16M | $33.64M | $12.45M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $52.42M | $26.67M | $33.51M | $25.18M | $46.85M | $79.35M | $76.86M | $120.13M | $32.44M | $17.06M | $32.5M | $107.39M | $92.33M | $124.96M | $195M | $214.02M | $111.07M | $88.36M | $87.04M | $54.19M | $24.85M | $53.08M | $0 | $0 | $0 |
| Accounts Receivable | $36.95M | $29.15M | $16.84M | $15.61M | $1.82M | $3.31M | $15M | $0 | $24K | $31K | $492K | $141K | $278K | $1.38M | $218K | $838K | $201.8M | $2.07M | $4.2M | $23.37M | $118K | $485K | $0 | $0 | $0 |
| Inventory | $10.17M | $6.34M | $4.28M | $6.12M | $898K | $0 | $0 | $0 | $5.31M | $19.47M | $33.79M | -$141K | -$999K | $0 | -$218K | -$838K | $1.56M | $100K | $140K | $174K | $42K | $103K | $0 | $0 | $0 |
| Other Current Assets | $2.83M | $1.44M | $1.04M | $2.37M | $1.91M | $6.84M | $4.2M | $3.86M | $1.33M | $958K | $1.91M | $756K | $52.45M | $59.97M | $3.69M | $4.06M | $0 | $0 | $1.04M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $102.37M | $64.79M | $57.22M | $49.65M | $51.48M | $89.51M | $96.07M | $123.99M | $39.11M | $37.52M | $68.7M | $108.14M | $145.05M | $187.71M | $198.69M | $218.08M | $314.43M | $91.97M | $92.41M | $78.85M | $25.74M | $55.39M | $0 | $0 | $0 |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $24.73M | $25.7M | $23.78M | $18.38M | $3.71M | $2.27M | $2.23M | $386K | $276K | $444K | $698K | $428K | $682K | $1.64M | $5.04M | $6.07M | $4.78M | $6.4M | $6.11M | $2.04M | $1.75M | $2.26M | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.73M | $1.71M | $1.7M | $1.86M | $3.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97K | $115K | $132K | $149K | $167K | $184K | $437K | $475K | $513K | $485K | $0 | $0 | $0 |
| Long-Term Investments | $0 | $24.57M | $23.43M | $7.39M | $0 | $2.54M | $0 | $0 | $0 | $125K | $125K | $3.42M | $51.45M | $59.97M | $54.27M | $38.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $6.87M | $5.62M | $4.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$51.55M | -$60.08M | -$54.27M | -$38.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $27.43M | $3.03M | $5.72M | $7.47M | -$2.79M | $528K | $257K | $543K | $128K | $0 | $0 | $12K | $137K | $231K | $54.27M | $38.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $63.76M | $60.62M | $59.32M | $35.1M | $4.19M | $5.34M | $2.49M | $929K | $404K | $569K | $823K | $3.86M | $819K | $1.87M | $59.43M | $44.71M | $4.95M | $6.58M | $6.55M | $2.52M | $2.26M | $2.81M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $166.13M | $125.41M | $116.54M | $84.75M | $55.66M | $94.85M | $98.55M | $124.92M | $39.51M | $38.09M | $69.52M | $112M | $145.87M | $189.58M | $258.13M | $262.79M | $319.38M | $98.55M | $98.96M | $81.37M | $28M | $58.2M | $47.39M | $54.38M | $24.4M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $124K | $108K | $355K | $122K | $6.42M | $5.93M | $4.28M | $1.25M | $747K | $837K | $939K | $405K | $1.3M | $2.06M | $3.49M | $4.72M | $1.27M | $1.5M | $2.3M | $1.98M | $1.17M | $1.85M | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $1.98M | $663K | $483K | $0 | $5.08M | $19.4M | $33.74M | $0 | $853K | $851K | $1.24M | $1.71M | $1.44M | $1.39M | $919K | $593K | $784K | $1.11M | $0 | $0 | $0 |
| Current Income Tax Payable | $2.94M | $2.83M | $5.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $111K | $156K | $79K | $167K | $230K | $1.98M | $15M | $0 | $212K | $283K | $438K | $0 | -$2.15M | $2.36M | $57.71M | $81.71M | $77.28M | $6.52M | $6.52M | $2.48M | $2.85M | $1.94M | $0 | $0 | $0 |
| Other Current Liabilities | $2.67M | $5.7M | $648K | $646K | $4.07M | $6.74M | $7.03M | $3.55M | $2.69M | $1.44M | $2.64M | $2.51M | $10.98M | $6.08M | $16.17M | $10.52M | $21.16M | $4.38M | $5.46M | $3.89M | $403K | $403K | $0 | $0 | $0 |
| Total Current Liabilities | $18.29M | $19.52M | $20.05M | $12.24M | $14.16M | $17.8M | $28.9M | $4.8M | $8.74M | $21.96M | $37.76M | $2.91M | $10.98M | $11.35M | $78.61M | $98.66M | $101.16M | $13.79M | $15.2M | $8.95M | $5.21M | $5.31M | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $283K | $1.14M | $1.99M | $1.35M | $1.97M | $3.41M | $1.69M | $816K | $1.41M | $3.44M | $1.46M | $2.09M | $0 |
| Long-Term Unearned Revenue | $852K | $928K | $213K | $0 | $0 | $0 | $0 | $0 | $0 | $47K | $292K | $0 | $0 | $1.18M | $3.24M | $70.93M | $147.26M | $23.98M | $30.35B | $6.6B | $0 | $638K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$67K | -$109K | -$30.35B | -$6.6B | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.41M | $5.67M | $82.13M | $173K | $0 | $0 | $0 | $174K | $0 | $7K | $48K | $0 | $0 | $0 | $0 | $0 | $67K | $109K | $30.5M | $6.6M | $183.86M | $171.78M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $5.56M | $7.49M | $82.54M | $294K | $408K | $981K | $1.32M | $174K | $0 | $54K | $340K | $0 | $283K | $2.31M | $5.23M | $72.28M | $149.23M | $27.39M | $32.18M | $7.42M | $185.27M | $175.86M | $1.46M | $2.09M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $23.85M | $27M | $102.59M | $12.54M | $14.57M | $18.78M | $30.22M | $4.97M | $8.74M | $22.02M | $38.1M | $2.91M | $11.26M | $13.66M | $83.84M | $170.94M | $250.39M | $41.18M | $47.38M | $16.37M | $190.48M | $181.17M | $1.46M | $2.09M | $0 |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $69.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81.37B | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $91 | $86K | $77K | $64K | $31K | $22K | $12K | $12K | $6K | $1K | $11K | $34K | $34K | $34K | $33K | $29K | $28K | $25K | $21K | $19K | $270 | $257 | $0 | $0 | $0 |
| Retained Earnings | -$68.43M | -$73.45M | -$85.54M | $10.05M | -$402.69M | -$314.76M | -$258.52M | -$203.34M | -$173.49M | -$147.98M | -$131.04M | -$313.26M | -$280.63M | -$233.93M | -$226.93M | -$218.4M | -$229.3M | -$189.9M | -$164.23M | -$136.16M | -$174.98M | -$134.75M | -$91.67M | -$63.94M | -$38.69M |
| Comprehensive Income & Other | $2.32M | $501K | $1.45M | -$392K | $0 | $5K | $34K | -$4K | $0 | -$1K | $1K | $4K | $87K | $201K | $36K | $225K | $0 | $0 | $0 | -$81.37B | $214K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $174.46M | $136.69M | $69.63M | $32.4M | $443.75M | $390.81M | $326.84M | $323.27M | $204.26M | $164.05M | $162.45M | $422.31M | $415.21M | $409.81M | $401.19M | $310.22M | $298.26M | $247.24M | $215.8M | $201.14M | $12.5M | $11.79M | $876K | $601K | $423K |
| Total Equity | $106.03M | $63.32M | -$15.83M | $42.52M | $41.09M | $76.07M | $68.34M | $119.94M | $30.77M | $16.07M | $31.43M | $109.08M | $134.61M | $175.91M | $174.29M | $91.85M | $68.99M | $57.37M | $51.58M | $65M | -$162.48M | -$122.97M | -$90.8M | -$63.34M | -$38.27M |
| Minority Interest | $36.25M | $35.08M | $29.78M | $29.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $129.88M | $90.32M | $86.76M | $55.06M | $55.66M | $94.85M | $98.55M | $124.92M | $39.51M | $38.09M | $69.52M | $112M | $145.87M | $189.58M | $258.13M | $262.79M | $319.38M | $98.55M | $98.96M | $81.37M | $28M | $58.2M | -$89.33M | -$61.25M | -$38.27M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $939K | $1.6M | $409K | $613K | $2.38M | $1.64M | $1.8M | $0 | $5.08M | $19.4M | $33.74M | $0 | $1.14M | $1.99M | $3.23M | $3.06M | $3.41M | $4.8M | $2.6M | $1.41M | $2.19M | $4.56M | $1.46M | $2.09M | $0 |
| Net Debt | -$36.13M | -$10.21M | -$33.1M | -$24.56M | -$41.96M | -$28.72M | -$13.57M | -$31.21M | -$9.39M | $9.14M | $4.65M | -$56.43M | -$53.35M | -$80.25M | -$104.06M | -$162.79M | -$80.5M | -$46.4M | -$50.8M | -$40.33M | -$22.66M | -$48.52M | $1.46M | $2.09M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $9.88M | $17.9M | -$85.48M | $4.31M | -$87.93M | -$56.24M | -$55.18M | -$30.05M | -$21.56M | -$16.95M | -$14.76M | -$32.62M | -$46.7M | -$7M | -$8.53M | $10.9M | -$39.4M | -$25.66M | -$28.07M | $2.1M | -$28.99M | -$24.03M |
| Depreciation & Amortization | $2.48M | $1.59M | $1.11M | $1.13M | $290K | $138K | $146K | $149K | $173K | $389K | $470K | $680K | $547K | $2.21M | $2.48M | $2M | $1.83M | $1.8M | $907K | $821K | $803K | $766K |
| Deferred Income Tax | -$1.11M | -$1M | -$1.16M | -$838K | -$3.89M | $0 | -$11.42M | $0 | $0 | $0 | $0 | $72K | $7K | -$101K | $0 | -$3.09M | $35K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $7.16M | $831K | $7.28M | $13.37M | $3.4M | $3.63M | $3.2M | $2.61M | $863K | $635K | $326K | $3.47M | $5.22M | $7.85M | $8.51M | $4.94M | $2.45M | $2.06M | $2.75B | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$11.95M | -$9.29M | $1.3M | -$7.92M | $1.5M | $11.69M | -$15M | $0 | $7K | $461K | -$79K | $1K | $226K | -$1.16M | $620K | $200.96M | $0 | $2.13M | $19.17M | -$23.25M | $0 | $334K |
| Inventory | -$3.63M | -$2.14M | $1.75M | -$879K | $3.88M | $0 | -$490K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $33K | -$132K | $61K | $16K |
| Accounts Payable | $13K | -$245K | $192K | -$112K | $500K | $1.65M | $3.03M | $500K | -$90K | -$102K | -$4.27M | $0 | $1.99M | -$11.52M | $4.42M | -$3.8M | $0 | -$1.88M | $1.89M | $1.85M | $0 | $1.14M |
| Other Working Capital | $17K | -$4.02M | $4.22M | $1.11M | -$5.39M | -$15.91M | $20.67M | -$1.87M | $650K | $477K | -$1.91M | -$6.37M | $0 | $2.46M | $5.31M | $10.16M | $17.23M | -$453K | $28.21M | $8.21M | $1.59M | -$3.01M |
| Total Working Capital Change | -$15.55M | -$15.69M | $7.46M | -$7.8M | $483K | -$2.57M | $8.21M | -$1.37M | $567K | $836K | -$6.26M | -$6.37M | $2.21M | -$10.22M | $10.35M | $207.32M | $17.23M | -$164K | $49.3M | -$13.33M | $1.65M | -$1.52M |
| Other Non-Cash Items | -$1.84M | -$7.27M | $96.68M | $503K | $3.89M | $0 | $11.42M | $116K | $18K | -$3.39M | $1.11M | $284K | -$1.89M | -$56.98M | -$96.53M | -$83.77M | -$6.38M | -$6.3M | -$2.74B | $516K | $288K | -$260K |
| Net Cash from Operating | $1.01M | -$3.64M | $25.89M | $10.68M | -$83.75M | -$55.05M | -$43.61M | -$28.55M | -$19.94M | -$18.47M | -$19.12M | -$34.48M | -$40.61M | -$64.24M | -$83.72M | $138.3M | -$24.27M | -$28.26M | $24.84M | -$9.89M | -$26.25M | -$25.04M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$1.19M | -$2.31M | -$8.52M | -$4.99M | -$839K | -$267K | -$64K | -$376K | -$23K | -$468K | -$272K | -$4K | -$92K | -$333K | -$1.43M | -$3.31M | -$200K | -$2.05M | -$4.94M | -$1.08M | -$250K | -$661K |
| Acquisitions | $30K | -$1.69M | $4.02M | -$1.33M | $0 | $0 | -$27.46M | $0 | $0 | $890K | $23.93M | $0 | $1.17M | $1.59M | $5K | $43K | $0 | $0 | $0 | $0 | $0 | $38K |
| Purchases of Investments | $0 | -$15.47M | -$15.73M | -$7.48M | $0 | -$97.64M | -$129.98M | -$198.91M | -$25.47M | -$13.4M | $0 | -$7.17M | -$57.55M | -$120.97M | -$156.25M | -$144.01M | -$31M | -$104.8M | -$151.75M | -$41.19M | -$25.5M | -$6.19M |
| Sales of Investments | $0 | $0 | $0 | $0 | $49.03M | $107.56M | $157.43M | $127.97M | $14.3M | $10M | $13.82M | $40.99M | $69.88M | $159.54M | $100.01M | $84.48M | $41M | $101.33M | $130.41M | $29M | $25.5M | $37.38M |
| Other Investing Activities | $686K | -$412K | $471K | -$13K | $0 | $0 | $27.46M | $0 | -$57K | $1.67M | -$125K | $38K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$474K | -$19.88M | -$19.76M | -$13.81M | $48.19M | $9.66M | $27.39M | -$71.32M | -$11.25M | -$1.31M | $37.36M | $33.86M | $13.41M | $39.82M | -$57.67M | -$62.8M | $9.8M | -$5.52M | -$26.29M | -$13.27M | -$250K | $30.56M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | - | $6.7M | - | - | $5.08M | $14.32M | $10K | -$235K | $1.14M | $851K | $1.24M | -$168K | $349K | $1.39M | -$2.19M | -$1.2M | $784K | $2.36M | -$2.52M |
| Common Stock Issuance | $25.86M | $773K | $0 | $0 | $49.55M | $60.38M | $327K | $116.41M | $35.4M | $958K | $7.27M | $5.01M | $299K | $614K | $82.65M | $3.29M | $48.57M | $29.39M | $11.91M | $40.84M | $636K | $33.42M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$82K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.49M | $1.33M | $0 | $0 | $6.7M | $0 | $0 | $0 | $18.27M | $0 | $1.89M | $1.14M | $0 | $0 | $0 | $3.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $24.38M | $2.1M | $2.5M | $0 | $49.55M | $60.38M | $327K | $111.33M | $35.4M | $948K | $9.31M | $5.01M | -$552K | -$626K | $82.81M | $6.45M | $47.18M | $31.58M | $13.11M | $40.05M | -$1.73M | $35.94M |
| Forex Effect | $343K | -$273K | -$298K | -$1.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $25.26M | -$21.7M | $8.33M | -$5.03M | $13.99M | $14.99M | -$15.89M | $11.46M | $4.21M | -$18.83M | $27.55M | $1.95M | -$27.75M | -$25.04M | -$58.57M | $81.94M | $32.71M | -$2.2M | $11.66M | $16.89M | -$28.22M | $41.47M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $1.01M | -$3.64M | $25.89M | $10.68M | -$83.75M | -$55.05M | -$43.61M | -$28.55M | -$19.94M | -$18.47M | -$19.12M | -$34.48M | -$40.61M | -$64.24M | -$83.72M | $138.3M | -$24.27M | -$28.26M | $24.84M | -$9.89M | -$26.25M | -$25.04M |
| Capital Expenditure | -$1.19M | -$3.13M | -$8.59M | -$5M | -$839K | -$267K | -$64K | -$376K | -$23K | -$468K | -$272K | -$4K | -$92K | -$333K | -$1.43M | -$3.31M | -$200K | -$2.05M | -$4.94M | -$1.08M | -$250K | -$661K |
| Free Cash Flow | -$180K | -$6.77M | $17.31M | $5.68M | -$84.59M | -$55.31M | -$43.68M | -$28.93M | -$19.96M | -$18.94M | -$19.39M | -$34.49M | -$40.7M | -$64.57M | -$85.15M | $134.99M | -$24.47M | -$30.31M | $19.89M | -$10.97M | -$26.5M | -$25.7M |
| Cash at Beginning | $11.81M | $33.51M | $25.18M | $30.2M | $30.36M | $15.37M | $31.26M | $19.8M | $10.26M | $29.1M | $1.54M | $54.48M | $82.24M | $107.28M | $165.85M | $83.91M | $51.2M | $53.4M | $41.74M | $24.85M | $53.08M | $11.61M |
| Cash at End | $37.07M | $11.81M | $33.51M | $25.18M | $44.35M | $30.36M | $15.37M | $31.26M | $14.47M | $10.26M | $29.1M | $56.43M | $54.48M | $82.24M | $107.28M | $165.85M | $83.91M | $51.2M | $53.4M | $41.74M | $24.85M | $53.08M |