Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.07M | $104K | $150K | $180K | $202K | $862K | $178K | $1.27M | $3.02M | $1.55M |
| Revenue growth | — | -97.9% | 44.1% | 19.5% | 12.3% | 327.4% | -79.3% | 615.4% | 136.7% | -48.5% |
| Gross profit | — | — | — | — | $150K | $590K | $178K | — | — | — |
| Gross margin | — | — | — | — | 74.3% | 68.4% | 100.0% | — | — | — |
| Operating income | -$10.2M | -$8.88M | -$7.40M | -$5.34M | -$5.47M | -$6.41M | -$19.4M | -$12.6M | -$39.7M | -$38.1M |
| Operating margin | -201.4% | -8509.6% | -4924.1% | -2975.2% | -2714.1% | -743.0% | -10868.0% | -989.0% | -1315.1% | -2455.2% |
| Net income | -$13.0M | -$10.6M | -$9.48M | -$3.81M | $14.9M | -$24.6M | -$46.7M | $9.16M | -$53.3M | -$43.1M |
| Net margin | -255.7% | -10137.3% | -6308.3% | -2118.3% | 7403.1% | -2851.4% | -26235.3% | 718.9% | -1767.9% | -2772.3% |
| EPS (diluted) | -$0.37 | -$0.26 | -$0.79 | -$0.20 | $0.49 | -$0.49 | -$0.62 | $0.87 | -$3.21 | -$1.17 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.60M | -$6.53M | -$4.03M | -$2.31M | -$3.76M | -$7.49M | -$12.1M | -$13.6M | -$13.9M | -$24.4M |
| Capital expenditures | $3.54M | $1.81M | $1.66M | $2.44M | $131K | $78.5K | $1.01M | $1.82M | — | — |
| Free cash flow | -$6.14M | -$8.35M | -$5.68M | -$4.74M | -$3.90M | -$7.57M | -$13.1M | -$15.4M | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $184K | $2.07M | $489K | $1.02M | $2.43M | $5.91M | $2.52M | $3.79M | $954K | $17.0M |
| Total assets | $33.8M | $31.0M | $28.6M | $39.6M | $43.1M | $127M | $100M | $106M | $91.3M | $170M |
| Total liabilities | $19.4M | $19.1M | $19.2M | $16.1M | $11.3M | $34.0M | $43.7M | $28.2M | $31.5M | $58.7M |
| Long-term debt | $8.99M | $9.97M | $8.86M | $5.08M | $0.00 | $4.49M | $6.12M | $5.36M | $8.39M | $0.00 |
| Shareholders' equity | $14.4M | $11.9M | $9.38M | $23.2M | $31.8M | $89.6M | $53.6M | $78.3M | $59.8M | $108M |
| Retained earnings | -$212M | -$223M | -$232M | -$236M | -$221M | -$246M | -$291M | -$282M | -$336M | -$379M |
| Shares (wtd avg diluted) | 35.3M | 41.1M | 15.1M | 19.5M | 30.6M | 50.4M | 74.5M | 10.5M | 16.6M | 36.7M |
Every figure is extracted from Comstock 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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