FCUV · Focus Universal 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 | $48.0K | - | $28.7K | $35.3K | $190.3K | - | $74.2K | $19.8K | $219.2K | - |
| Cost of Revenue | $32.7K | - | $30.3K | - | $159.7K | - | $42.5K | $31.8K | $219.4K | - |
| Gross Profit | $15.2K | - | ($1.6K) | ($12.4K) | $30.5K | - | $31.7K | ($12.1K) | ($199) | - |
| R&D | $264.8K | - | $288.1K | $467.3K | $372.3K | - | $308.5K | $296.2K | $343.3K | - |
| SG&A | $486.6K | - | $441.4K | $501.1K | $282.5K | - | $585.5K | $625.5K | $527.6K | - |
| Total Operating Expenses | $1.29M | - | $1.18M | $1.53M | $1.30M | - | $1.78M | $1.37M | $1.32M | - |
| D&A | $6.7K | - | - | - | $5.5K | - | - | - | $35.3K | - |
| Operating Income | ($1.27M) | - | ($1.18M) | ($1.54M) | ($1.27M) | - | ($1.75M) | ($1.38M) | ($1.32M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($1.25M) | - | ($1.17M) | ($1.51M) | ($1.25M) | - | $1.44M | ($1.37M) | ($1.32M) | - |
| EPS - Basic | ($1.48) | - | ($1.60) | ($2.00) | ($1.70) | - | $2.00 | ($2.00) | ($2.00) | - |
| EPS - Diluted | ($1.48) | - | - | - | ($1.70) | - | $2.00 | ($2.00) | ($2.00) | - |
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 | $6.01M | $7.93M | $410.9K | $1.11M | $2.20M | $3.59M | $5.37M | $13.1K | $78.8K | $428.3K |
| Accounts Receivable | $9.7K | $7.1K | $7.1K | $150 | $10.0K | $5.6K | $0 | $19.8K | $84.2K | $164.4K |
| Inventory | $90.7K | $99.8K | $138.4K | $138.4K | $64.0K | $126.1K | $478.8K | $495.9K | $407.4K | $282.1K |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $6.78M | $8.65M | $771.1K | $1.54M | $2.50M | $3.85M | $5.97M | $654.3K | $715.9K | $1.03M |
| Total Assets | $7.80M | $8.89M | $880.4K | $1.67M | $2.67M | $4.08M | $6.23M | $4.86M | $4.97M | $5.33M |
| Current Liabilities | $507.9K | $366.5K | $705.6K | $829.2K | $769.3K | $877.0K | $763.9K | $3.66M | $2.55M | $1.66M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $567.1K | $366.5K | $705.6K | $829.2K | $769.3K | $885.1K | $784.8K | $3.70M | $2.60M | $1.79M |
| Stockholders' Equity | $1.75M | $2.57M | $174.8K | $845.6K | $1.90M | $3.20M | $5.45M | $1.16M | $2.36M | $3.55M |
| Retained Earnings | ($32.50M) | ($31.02M) | ($29.71M) | ($28.54M) | ($27.03M) | ($25.78M) | ($23.82M) | ($25.26M) | ($23.90M) | ($22.58M) |
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 | ($1.15M) | - | - | - | ($1.22M) | - | - | - | ($892.1K) | - |
| Investing Cash Flow | ($622.2K) | - | - | - | ($23.4K) | - | - | - | ($5.0K) | - |
| Financing Cash Flow | ($154.6K) | - | - | - | ($144.6K) | - | - | - | $550.0K | - |
| CapEx | - | - | - | - | $23.4K | - | - | - | $5.0K | - |
| Free Cash Flow | - | - | - | - | ($1.24M) | - | - | - | ($897.1K) | - |
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 | 31.8% | - | -5.6% | -35.1% | 16.1% | - | 42.7% | -61.2% | -0.1% | - |
| Operating margin | -2650.9% | - | -4114.4% | -4366.7% | -668.3% | - | -2353.8% | -6981.9% | -602.2% | - |
| EBITDA margin | -2636.9% | - | - | - | -665.5% | - | - | - | -586.1% | - |
| Net margin | -2597.5% | - | -4065.6% | -4261.7% | -657.7% | - | 1942.9% | -6910.9% | -600.3% | - |
| Free cash flow margin | - | - | - | - | -653.6% | - | - | - | -409.4% | - |
| FCF / Net income | - | - | - | - | 0.99 | - | - | - | 0.68 | - |
| R&D / Revenue | 552.0% | - | 1004.1% | 1322.7% | 195.7% | - | 415.7% | 1499.8% | 156.6% | - |
| SG&A / Revenue | 1014.2% | - | 1538.6% | 1418.4% | 148.5% | - | 788.9% | 3166.6% | 240.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -16.0% | - | -132.5% | -89.9% | -46.9% | - | 23.1% | -28.1% | -26.5% | - |
| Return on equity | -71.2% | - | -667.2% | -178.1% | -65.9% | - | 26.5% | -117.7% | -55.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 13.36 | 23.60 | 1.09 | 1.85 | 3.25 | 4.39 | 7.82 | 0.18 | 0.28 | 0.62 |
| Quick ratio | 13.18 | 23.32 | 0.90 | 1.69 | 3.17 | 4.24 | 7.19 | 0.04 | 0.12 | 0.45 |
| Cash ratio | 11.84 | 21.65 | 0.58 | 1.34 | 2.85 | 4.09 | 7.03 | 0.00 | 0.03 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.45 | 3.45 | 5.04 | 1.98 | 1.41 | 1.28 | 1.14 | 4.19 | 2.10 | 1.50 |
| Liabilities / Assets | 0.07 | 0.04 | 0.80 | 0.50 | 0.29 | 0.22 | 0.13 | 0.76 | 0.52 | 0.34 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.03 | 0.02 | 0.07 | - | 0.01 | 0.00 | 0.04 | - |
| Inventory turnover | 0.36 | - | 0.22 | - | 2.49 | - | 0.09 | 0.06 | 0.54 | - |
| Days sales outstanding | 73d | - | 91d | 2d | 19d | - | 0d | 365d | 140d | - |
| Days inventory outstanding | 1012d | - | 1667d | - | 146d | - | 4109d | 5686d | 678d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 13.2x | - | - | - |
| P / B | 2.0x | - | 1300.6x | 364.3x | 163.4x | - | 318.6x | 1341.9x | 1124.8x | - |
| P / S | 74.8x | - | 7924.5x | 8718.2x | 1630.4x | - | 23379.8x | 78777.8x | 12117.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -74.8% | - | -61.3% | 78.9% | -13.2% | - | -76.7% | -90.8% | -7.2% | - |
| Revenue CAGR (3y) | -41.2% | - | -22.1% | -18.2% | 6.6% | - | -51.1% | -57.7% | -15.5% | - |
| Revenue CAGR (5y) | -33.3% | - | -44.5% | -39.5% | -9.3% | - | -25.9% | -45.7% | -2.0% | - |
| Gross profit growth (YoY) | -50.1% | - | - | -2.7% | - | - | -72.9% | - | - | - |
| Operating income growth (YoY) | -0.0% | - | 32.4% | -11.9% | 3.7% | - | -69.5% | -28.7% | -6.4% | - |
| Net income growth (YoY) | 0.4% | - | - | -10.3% | 4.9% | - | - | -34.1% | -18.1% | - |
| EPS growth (YoY) | 12.9% | - | - | - | 15.0% | - | - | -9900.0% | -9900.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -38.6% | - | - | - | -5.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -7.8% | -19.5% | -96.8% | -27.1% | -19.6% | -9.9% | 12.2% | -79.4% | -65.9% | -54.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$398.1K totalIot Products$398.1K · 100.0%
Peer comparison
Same SIC group: Industrial Instruments For Measurement, Display, and Control
Comparing FOCUS UNIVERSAL INC. against the 5 most active filers in the same SIC group.