AERG · Applied Energetics, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $109.0K | $70.3K | $209.8K | - | $747.7K | $780.6K | $134.2K | - |
| Cost of Revenue | - | - | $53.4K | $47.5K | $63.9K | - | $508.7K | $384.2K | $274.4K | - |
| Gross Profit | - | - | $55.6K | $22.8K | $145.8K | - | $239.0K | $396.4K | ($140.2K) | - |
| R&D | $375.0K | - | $455.9K | $336.2K | $323.0K | - | $70.2K | $37.9K | $80.8K | - |
| SG&A | $3.28M | - | $3.37M | $2.82M | $2.61M | - | $2.46M | $2.34M | $2.32M | - |
| Total Operating Expenses | $3.83M | - | $4.03M | $3.81M | $3.25M | - | $2.61M | $2.46M | $2.47M | - |
| D&A | $88.1K | - | - | - | $52.4K | - | - | - | $52.4K | - |
| Operating Income | ($3.83M) | - | ($3.97M) | ($3.79M) | ($3.11M) | - | ($2.37M) | ($2.06M) | ($2.61M) | - |
| Interest Expense | - | - | - | - | - | - | $1.9K | $1.9K | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($3.81M) | - | ($3.97M) | ($3.79M) | ($3.11M) | - | ($2.37M) | ($2.06M) | ($2.61M) | - |
| EPS - Basic | ($0.02) | - | ($0.02) | ($0.02) | $0.00 | - | ($0.01) | ($0.01) | ($0.01) | - |
| EPS - Diluted | ($0.02) | - | ($0.02) | ($0.02) | $0.00 | - | ($0.01) | ($0.01) | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.06M | $6.44M | $1.33M | $865.7K | $4.29M | $164.8K | $1.61M | $2.79M | $1.32M | $1.32M |
| Accounts Receivable | $0 | - | $109.0K | - | $90.3K | $335.8K | $190.4K | $211.2K | $316.7K | $567.8K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $256.8K | $220.9K | $274.1K | $383.1K | $293.6K | $258.5K | $351.4K | $221.4K | $249.6K | $313.0K |
| Current Assets | $4.65M | $6.97M | $1.82M | $1.22M | $4.53M | $664.8K | $2.03M | $3.30M | $1.67M | $2.04M |
| Total Assets | $6.63M | $9.06M | $4.02M | $3.53M | $5.93M | $2.07M | $3.51M | $4.66M | $3.07M | $3.54M |
| Current Liabilities | $936.9K | $840.3K | $924.0K | $994.7K | $766.1K | $732.4K | $888.7K | $698.2K | $2.15M | $927.4K |
| Long-term Debt | - | - | - | - | - | - | - | - | $189.3K | - |
| Total Liabilities | $1.51M | $1.50M | $4.75M | $1.83M | $1.64M | $1.68M | $1.91M | $1.59M | $3.10M | $1.92M |
| Stockholders' Equity | $5.12M | $7.56M | ($730.2K) | $1.70M | $4.29M | $392.7K | $1.60M | $3.07M | ($26.5K) | $1.62M |
| Retained Earnings | ($138.67M) | ($134.86M) | ($130.85M) | ($126.88M) | ($123.09M) | ($119.99M) | ($117.86M) | ($115.49M) | ($113.43M) | ($110.81M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.30M) | - | - | - | ($1.73M) | - | - | - | ($1.54M) | - |
| Investing Cash Flow | ($43.4K) | - | - | - | ($114.1K) | - | - | - | - | - |
| Financing Cash Flow | ($32.3K) | - | - | - | $5.97M | - | - | - | $1.23M | - |
| CapEx | $43.4K | - | - | - | $114.1K | - | - | - | - | - |
| Free Cash Flow | ($2.34M) | - | - | - | ($1.85M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 51.0% | 32.5% | 69.5% | - | 32.0% | 50.8% | -104.4% | - |
| Operating margin | - | - | -3643.8% | -5382.5% | -1480.6% | - | -317.6% | -264.0% | -1946.9% | - |
| EBITDA margin | - | - | - | - | -1455.6% | - | - | - | -1907.8% | - |
| Net margin | - | - | -3643.8% | -5382.5% | -1480.6% | - | -317.6% | -264.0% | -1945.4% | - |
| Free cash flow margin | - | - | - | - | -880.0% | - | - | - | - | - |
| FCF / Net income | 0.61 | - | - | - | 0.59 | - | - | - | - | - |
| R&D / Revenue | - | - | 418.3% | 478.0% | 154.0% | - | 9.4% | 4.9% | 60.2% | - |
| SG&A / Revenue | - | - | 3096.4% | 4013.9% | 1244.2% | - | 328.6% | 300.2% | 1726.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -57.4% | - | -98.9% | -107.2% | -52.4% | - | -67.7% | -44.2% | -84.9% | - |
| Return on equity | -74.4% | - | 543.9% | -222.8% | -72.4% | - | -148.3% | -67.1% | 9846.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.96 | 8.29 | 1.97 | 1.22 | 5.91 | 0.91 | 2.28 | 4.73 | 0.77 | 2.20 |
| Quick ratio | 4.96 | 8.29 | 1.97 | 1.22 | 5.91 | 0.91 | 2.28 | 4.73 | 0.77 | 2.20 |
| Cash ratio | 4.34 | 7.66 | 1.44 | 0.87 | 5.59 | 0.23 | 1.81 | 4.00 | 0.61 | 1.42 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | -7.14 | - |
| Debt / Assets | - | - | - | - | - | - | - | - | 0.06 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | -1244.7x | -1079.7x | - | - |
| Equity multiplier | 1.30 | 1.20 | -5.50 | 2.08 | 1.38 | 5.27 | 2.19 | 1.52 | -115.92 | 2.19 |
| Liabilities / Assets | 0.23 | 0.17 | 1.18 | 0.52 | 0.28 | 0.81 | 0.54 | 0.34 | 1.01 | 0.54 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.03 | 0.02 | 0.04 | - | 0.21 | 0.17 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | 365d | - | 157d | - | 93d | 99d | 861d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | 1873d | 2944d | 1677d | - | 252d | 210d | 332d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 57.0x | - | - | - | - | - | 122.8x | 104.5x | - | - |
| P / S | - | - | - | - | - | - | 263.0x | 411.2x | 3180.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | -85.4% | -91.0% | 56.3% | - | 4.9% | 39.4% | -72.4% | - |
| Revenue CAGR (3y) | - | - | -42.5% | -28.3% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | -8.1% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -76.7% | -94.2% | - | - | -55.6% | 3.6% | - | - |
| Operating income growth (YoY) | -23.3% | - | -67.2% | -83.7% | -18.8% | - | -29.8% | -12.6% | -34.8% | - |
| Net income growth (YoY) | -22.6% | - | -67.2% | -83.7% | -18.9% | - | -31.1% | -13.3% | -34.7% | - |
| EPS growth (YoY) | - | - | -100.0% | -100.0% | - | - | 0.0% | 0.0% | 0.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -26.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 19.2% | 1824.8% | - | -44.7% | - | -75.8% | -33.8% | -11.3% | - | -71.0% |
Peer comparison
Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys
Comparing APPLIED ENERGETICS against the 5 most active filers in the same SIC group.