Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $194M | $219M | $277M | $298M | $254M | $190M | $152M |
| Revenue growth | — | 13.2% | 26.5% | 7.3% | -14.7% | -25.3% | -19.7% |
| Gross profit | $98.8M | $113M | $147M | $130M | $104M | $81.1M | $62.6M |
| Gross margin | 51.0% | 51.4% | 52.9% | 43.5% | 41.0% | 42.7% | 41.0% |
| Operating income | -$9.01M | -$29.2M | -$32.9M | -$100M | -$153M | -$97.6M | -$80.0M |
| Operating margin | -4.7% | -13.3% | -11.8% | -33.7% | -60.2% | -51.4% | -52.4% |
| Net income | -$14.5M | -$25.9M | -$45.4M | -$101M | -$152M | -$93.3M | -$77.3M |
| Net margin | -7.5% | -11.8% | -16.4% | -34.0% | -60.0% | -49.2% | -50.7% |
| EPS (diluted) | -$0.28 | -$0.49 | -$0.65 | -$0.68 | -$20.10 | -$11.87 | -$9.47 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $42.0K | -$34.6M | -$50.9M | -$90.6M | -$30.2M | -$63.9M | -$55.1M |
| Capital expenditures | $13.1M | $14.3M | $24.2M | $31.4M | $10.9M | $4.09M | $3.15M |
| Free cash flow | -$13.1M | -$48.9M | -$75.0M | -$122M | -$41.1M | -$68.0M | -$58.2M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $75.0M | $127M | $289M | $167M | $130M | $66.7M | $26.7M |
| Total assets | — | $244M | $488M | $462M | $313M | $189M | $109M |
| Total liabilities | — | $65.5M | $91.4M | $146M | $127M | $87.2M | $73.5M |
| Long-term debt | — | — | — | — | — | $0.00 | $17.4M |
| Shareholders' equity | -$9.12M | -$25.5M | $397M | $317M | $185M | $102M | $35.9M |
| Retained earnings | — | -$92.0M | -$137M | -$239M | -$391M | -$485M | -$562M |
| Shares (wtd avg diluted) | 51.5M | 53.0M | 69.3M | 149M | 7.58M | 7.86M | 8.16M |
Every figure is extracted from Smartbird, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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