VANI - Vivani Medical, Inc.

📈 Is growth accelerating? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Revenue Growth YoY (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	N/M	—	—	-79.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1087%)	-32.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-510%)	15.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+95%)	—	39.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+394%)	-14.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-284%)	-3.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-141%)	—	36.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+356%)	115.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1345%)	95721.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1196418%)	—	-47.0% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-688%)	-61.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-863%)	-99.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1349%)	—	265.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3217%)	335.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4090%)	158.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1886%)	—	—	—	—	—	—
EPS Growth YoY (%)	27.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	18.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	0.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	15.4% Good Good Year-over-year change in earnings per share Optimal: > 10%	23.1% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	—	N/M	-62.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	N/M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-7.6% Weak ↓ Weak Declining Year-over-year change in net income	-9.6% Weak ↓ Weak Declining Year-over-year change in net income	-4.4% Weak ↓ Weak Declining Year-over-year change in net income	-4.4% Weak ↓ Weak Declining Year-over-year change in net income	-4.4% Weak ↓ Weak Declining Year-over-year change in net income	-0.4% Weak ↓ Weak Declining Year-over-year change in net income	4.4% Caution ↓ Caution Declining Year-over-year change in net income	4.4% Caution ↑ Caution Improving Year-over-year change in net income	4.4% Caution ↑ Caution Improving Year-over-year change in net income	17.3% Good ↑ Good Improving Year-over-year change in net income	-61.0% Weak ↑ Weak Improving Year-over-year change in net income	-185.6% Weak ↓ Weak Declining Year-over-year change in net income	-185.6% Weak ↓ Weak Declining Year-over-year change in net income	-101.2% Weak ↓ Weak Declining Year-over-year change in net income	-31.3% Weak ↑ Weak Improving Year-over-year change in net income	22.2% Good ↑ Good Improving Year-over-year change in net income	22.2% Good ↑ Good Improving Year-over-year change in net income	-180.4% Weak ↓ Weak Declining Year-over-year change in net income	66.4% Excellent ↓ Excellent Declining Year-over-year change in net income	68.0% Excellent ↑ Excellent Improving Year-over-year change in net income	68.0% Excellent ↑ Excellent Improving Year-over-year change in net income	83.6% Excellent ↑ Excellent Improving Year-over-year change in net income	8.4% Fair ↓ Fair Declining Year-over-year change in net income	8.4% Fair ↑ Fair Improving Year-over-year change in net income	8.4% Fair ↑ Fair Improving Year-over-year change in net income	11.2% Fair ↑ Fair Improving Year-over-year change in net income	0.5% Caution ↑ Caution Improving Year-over-year change in net income	-21.8% Weak ↓ Weak Declining Year-over-year change in net income	0.5% Caution ↑ Caution Improving Year-over-year change in net income	-19.6% Weak ↑ Weak Improving Year-over-year change in net income	-29.2% Weak ↓ Weak Declining Year-over-year change in net income	-16.3% Weak ↓ Weak Declining Year-over-year change in net income	-29.2% Weak ↓ Weak Declining Year-over-year change in net income	28.6% Excellent ↑ Excellent Improving Year-over-year change in net income	11.1% Fair ↑ Fair Improving Year-over-year change in net income	19.5% Good ↑ Good Improving Year-over-year change in net income	-129679.9% Weak ↓ Weak Declining Year-over-year change in net income	—	-81.9% Weak ↓ Weak Declining Year-over-year change in net income	-72.8% Weak ↓ Weak Declining Year-over-year change in net income	99.9% Excellent ↑ Excellent Improving Year-over-year change in net income	—	39.0% Excellent ↑ Excellent Improving Year-over-year change in net income	34.7% Excellent Excellent Year-over-year change in net income	23.0% Good Good Year-over-year change in net income	—	—	—	—	—	—
FCF Growth YoY (%)	12.6% Fair Fair Year-over-year change in free cash flow	—	—	—	3.0% Caution Caution Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-26.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	923.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	—	0.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-10.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-16.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	—	38.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	54.1% Excellent Excellent Compound annual revenue growth over 3 years	15.4% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-5.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	16.0% Excellent Excellent Compound annual revenue growth over 5 years	11.4% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-380.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2637%)	-418.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2893%)	—	—	-419.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2895%)	-307.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2149%)	—	—	—	—	—	—	-209.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1496%)	-185.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1339%)	-291.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2045%)	—	—	—	—	—	—
Profit Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-434.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3719%)	-417.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3579%)	—	—	-468.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4007%)	-306.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2650%)	—	—	—	—	—	—	-209.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1846%)	-185.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1641%)	-291.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2529%)	—	—	—	—	—	—
FCF Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-292.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-269.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	0.91x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—	—	0.78x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.70x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	1.11x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	0.90x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	—	0.27x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	—	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	0.74x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	0.70x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	0.68x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Return on Invested Capital (%)	-28.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-34.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-405.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-120.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-44.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-29.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-18.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-17.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-23.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-21.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-17.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-8.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-113.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-192.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-10.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	149.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-233.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-118.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	533.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-88.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-42.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-31.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-27.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-227.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-173.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-96.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-218.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-74.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-41.1% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-28.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-24.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-73.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-32.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	-28.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	-15.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-12.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—
Return on Capital (%) (%)	-16.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-26.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-18.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-15.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-14.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-11.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-11.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-13.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-13.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-11.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-15.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-9.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-65.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	-3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-28.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-45.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	-228.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-49.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-31.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-26.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-25.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-83.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-74.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-58.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-93.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	-51.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	-25.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	-24.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	-14.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-13.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-12.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—
Return on Common Equity (%) (%)	-35.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-337%)	-42.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-381%)	—	-128.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-956%)	-54.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-461%)	-34.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-329%)	-32.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-320%)	-25.3% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-269%)	-21.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-240%)	-29.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-294%)	-24.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-261%)	-19.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	-16.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-210%)	-16.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-210%)	-7.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-151%)	-3.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-123%)	-3.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-122%)	-146.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1079%)	-208.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1490%)	-3.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-126%)	-13.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-190%)	192.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1181%)	—	—	—	-108.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-821%)	-67.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-553%)	-45.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-405%)	-34.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-327%)	-287.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-2015%)	-250.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1771%)	-121.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-911%)	-276.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1941%)	-94.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-727%)	-58.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-488%)	-36.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-343%)	-31.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-307%)	-93.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-720%)	-41.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-375%)	—	-36.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-343%)	—	-19.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-227%)	-17.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-217%)	-16.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-208%)	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Net Debt (USD)	$-19.75M	$-16.23M	$-2.63M	$-6.79M	$-13.01M	$-18.35M	$-19.65M	$-24.92M	$-29.65M	$-20.65M	$-24.82M	$-32.49M	$-38.07M	$-45.08M	$-51.68M	$-56.38M	$-59.60M	—	$-1.18M	$-73.84M	$-26.86M	$-3.18M	$-2.44M	$-3.50M	$-2.34M	$-11.33M	$-18.46M	$-25.16M	$-31.68M	$-4.47M	$-4.97M	$-7.48M	—	$-7.84M	$-13.34M	$-18.13M	—	$-10.88M	—	—	$-459.00	$-239.00K	$-268.66K	$-407.44K	$-652.25K	$-619.00K	$-977.40K	$-2.95M	$-62.56K	$-62.00K	$-145.00K

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Revenue per Share (USD)	—	—	—	—	$0.00	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-0.08	$-0.09	$-0.11	$-0.12	$-0.11	$-0.11	$-0.11	$-0.10	$0.12	$-0.11	$-0.13	$-0.13	$-0.12	—	$0.04	$-0.08	—	—	$-0.10	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.08	—	$-0.12	$-0.10	$-0.09	—	—	—	$-0.09	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.23	$0.21	$0.02	$0.08	$0.20	$0.30	$0.33	$0.43	$0.55	$0.41	—	—	—	—	—	—	—	$0.07	—	$1.83	$0.75	—	$0.02	—	$-0.08	$0.47	$0.11	$0.17	$0.23	$0.32	—	$0.10	—	$0.14	—	—	—	—	—	—	—	—	$0.68	$0.78	$0.86	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$0.23	$0.21	$0.02	$0.08	$0.20	$0.30	$0.33	$0.43	$0.55	$0.41	—	—	—	—	—	—	—	$0.07	—	$1.83	$0.75	—	$0.02	—	$-0.08	$0.47	$0.11	$0.17	$0.23	$0.32	—	$0.10	—	$0.14	—	—	—	—	—	—	—	—	$0.68	$0.78	$0.86	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	81.27M	—	59.71M	59.24M	59.24M	—	55.25M	55.02M	52.20M	—	—	—	—	—	37,965	—	—	—	33,799	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Working Capital (USD)	$14.77M	$11.30M	$-2.65M	$2.00M	$8.65M	$14.46M	$15.13M	$20.55M	$25.36M	$17.34M	$23.25M	$29.14M	$34.82M	$40.71M	$48.84M	$54.80M	$57.83M	$383.00K	—	$71.78M	$20.68M	$-863.00K	$329.00K	—	$-1.56M	$6.15M	$13.17M	$20.21M	$27.60M	$2.02M	$2.75M	$5.29M	$2.23M	$6.55M	—	—	$22.85M	—	—	$26.51M	$14.46K	$18.78M	$23.08M	$26.91M	$29.40M	$33.52M	—	—	—	—	—
Total Equity (USD)	$19.09M	$15.73M	$1.31M	$4.91M	$11.62M	$17.61M	$18.33M	$23.82M	$28.71M	$20.76M	$26.21M	$32.39M	$38.37M	$44.31M	$51.36M	$63.06M	$66.15M	$2.46M	$1.43M	$72.10M	$21.01M	$-672.00K	$542.00K	$2.08M	$-1.32M	$7.28M	$14.29M	$21.20M	$28.53M	$3.08M	$3.89M	$6.54M	$3.53M	$7.88M	$12.97M	$18.80M	$24.36M	$11.15M	$20.60M	—	$15.94K	$20.26M	$24.50M	$28.10M	$30.46M	$34.62M	—	—	—	$-9.22M	$-3.04M

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗	Q3 FY2019 Sep 30, 2019 10-Q ↗	Q2 FY2019 Jun 30, 2019 10-Q ↗	Q1 FY2019 Mar 31, 2019 10-Q ↗	Q4 FY2018 Dec 31, 2018 10-K ↗	Q3 FY2018 Sep 30, 2018 10-Q ↗	Q2 FY2018 Jun 30, 2018 10-Q ↗	Q1 FY2018 Mar 31, 2018 10-Q ↗	Q4 FY2017 Dec 31, 2017 10-K ↗	Q3 FY2017 Sep 30, 2017 10-Q ↗	Q2 FY2017 Jun 30, 2017 10-Q ↗	Q1 FY2017 Mar 31, 2017 10-Q ↗	Q4 FY2016 Dec 31, 2016 10-K ↗	Q3 FY2016 Sep 30, 2016 10-Q ↗	Q2 FY2016 Jun 30, 2016 10-Q ↗	Q1 FY2016 Mar 31, 2016 10-Q ↗	Q4 FY2015 Dec 31, 2015 10-K ↗	Q3 FY2015 Sep 30, 2015 10-Q ↗	Q2 FY2015 Jun 30, 2015 10-Q ↗	Q1 FY2015 Mar 31, 2015 10-Q ↗	Q4 FY2014 Dec 31, 2014 10-K ↗	Q3 FY2014 Sep 30, 2014 10-Q ↗	Q2 FY2014 Jun 30, 2014 10-Q ↗	Q1 FY2014 Mar 31, 2014 10-Q ↗	Q4 FY2013 Dec 31, 2013 10-K ↗	Q4 FY2012 Dec 31, 2012 10-K ↗
Sales/Revenue/Turnover (USD)	—	—	—	—	$0.00	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$0.00	—	—	—	$0.00	—	—	$472.00K	$1.28M	$1.13M	—	$2.25M	$1.91M	$976.00K	—	$1.61M	$2.24M	$1.01M	—	$1.18M	$1.04M	$1.05K	—	$2.23M	$2.66M	$1.70M	—	$609.43K	$611.48K	$656.73K	—	—
Depreciation Expense (USD)	$130.00K	$115.00K	$105.00K	$102.00K	$102.00K	$89.00K	—	—	$99.00K	$98.00K	—	—	$108.00K	$110.00K	—	—	$16.00K	$83.00K	$223.00K	—	$20.00K	$16.00K	—	$20.00K	$106.00K	$104.00K	—	—	$99.00K	$106.00K	—	—	$111.00K	$112.00K	$116.00K	$116.00K	$113.00K	$121.00K	$108.00K	—	$99.00	—	—	—	$81.95K	—	$64.79K	$67.23K	$77.27K	—	—
Net Income, GAAP (USD)	$-6.78M	$-6.63M	$-6.30M	$-6.30M	$-6.30M	$-6.05M	$-6.04M	$-6.04M	$-6.04M	$-6.03M	$-6.32M	$-6.32M	$-6.32M	$-7.28M	$-3.92M	$-2.21M	$-2.21M	$-3.62M	$-2.99M	$-2.84M	$-2.84M	$-1.29M	$-8.89M	$-8.89M	$-8.89M	$-7.87M	$-9.70M	$-9.70M	$-9.70M	$-8.86M	$-9.75M	$-7.96M	$-9.75M	$-7.41M	$-7.55M	$-6.84M	$-7.55M	$-10.37M	$-8.49M	$-8.50M	$-5.82K	—	$-4.67M	$-4.92M	$-4.96M	—	$-7.64M	$-7.54M	$-6.44M	—	—
Operating Cash Flow (USD)	$-6.20M	$-6.72M	$-6.35M	$-6.09M	$-5.16M	$-5.81M	—	—	$-4.51M	$-3.48M	—	—	$-6.97M	$-5.20M	—	—	$-1.98M	$-2.96M	$-3.03M	—	$-778.00K	$-1.45M	—	$-5.24M	$-8.65M	$-7.39M	—	—	$-7.15M	$-7.73M	—	—	$-6.78M	$-6.71M	$-4.68M	$-5.96M	—	$-7.02M	—	—	—	—	—	—	—	—	—	—	—	—	—

Vivani Medical, Inc.

Analytical Summary

51-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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