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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $255.0K | $398.1K | $1.05M | $353.6K | $1.43M | $1.68M |
| Cost of Revenue | $290.3K | $387.9K | $958.4K | $1.14M | - | $1.40M |
| Gross Profit | ($35.3K) | $10.2K | $93.8K | $297.2K | - | $283.8K |
| R&D | $920.0K | $1.38M | $1.39M | $1.06M | $220.5K | $256.6K |
| SG&A | $2.08M | $2.12M | $1.74M | $2.07M | $1.36M | $1.27M |
| Total Operating Expenses | $4.86M | $6.21M | $5.06M | $5.23M | $4.45M | $2.99M |
| D&A | $23.8K | $73.6K | $168.0K | $166.3K | $162.2K | $162.2K |
| Operating Income | ($4.89M) | ($6.20M) | ($4.96M) | ($5.21M) | ($3.02M) | ($2.70M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | ($4.79M) | ($3.20M) | ($4.72M) | ($4.93M) | ($3.22M) | ($2.54M) |
| EPS - Basic | ($7.07) | ($4.80) | ($8.00) | ($11.00) | - | - |
| EPS - Diluted | ($7.07) | ($4.80) | ($8.00) | ($8.00) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.93M | $3.59M | $428.3K | $4.34M | $8.68M | $583.3K |
| Accounts Receivable | $7.1K | $5.6K | $164.4K | $78.3K | $177.3K | $190.6K |
| Inventory | $99.8K | $126.1K | $282.1K | $103.8K | $22.9K | $42.5K |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $8.65M | $3.85M | $1.03M | $4.81M | $9.21M | $1.01M |
| Total Assets | $8.89M | $4.08M | $5.33M | $9.32M | $14.02M | $5.59M |
| Current Liabilities | $366.5K | $877.0K | $1.66M | $1.39M | $571.4K | $527.6K |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $366.5K | $885.1K | $1.79M | $1.57M | $899.8K | $788.7K |
| Stockholders' Equity | $2.57M | $3.20M | $3.55M | $7.76M | $13.12M | $4.80M |
| Retained Earnings | ($31.02M) | ($25.78M) | ($22.58M) | ($17.86M) | ($12.94M) | ($9.72M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.10M) | ($4.66M) | ($3.53M) | ($2.96M) | ($2.23M) | ($1.96M) |
| Investing Cash Flow | ($185.8K) | $7.13M | $54.1K | ($211.3K) | ($23.0K) | ($1.3K) |
| Financing Cash Flow | $9.65M | $706.1K | ($434.0K) | ($1.16M) | $10.35M | $346.9K |
| CapEx | $28.1K | $18.7K | $20.6K | $42.2K | $23.0K | $1.3K |
| Free Cash Flow | ($5.13M) | ($4.68M) | ($3.55M) | ($3.00M) | ($2.25M) | ($1.96M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -13.8% | 2.6% | 8.9% | 84.0% | - | 16.9% |
| Operating margin | -1918.8% | -1557.3% | -471.7% | -1472.1% | -210.3% | -161.0% |
| EBITDA margin | -1909.4% | -1538.8% | -455.7% | -1425.1% | -199.0% | -151.4% |
| Net margin | -1877.4% | -803.8% | -448.4% | -1393.3% | -224.5% | -151.1% |
| Free cash flow margin | -2011.9% | -1174.3% | -337.3% | -848.4% | -157.0% | -116.5% |
| FCF / Net income | 1.07 | 1.46 | 0.75 | 0.61 | 0.70 | 0.77 |
| R&D / Revenue | 360.7% | 347.1% | 131.8% | 299.9% | 15.4% | 15.3% |
| SG&A / Revenue | 813.7% | 531.4% | 165.4% | 586.5% | 95.0% | 75.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -53.9% | -78.4% | -88.5% | -52.8% | -23.0% | -45.4% |
| Return on equity | -186.1% | -100.2% | -133.1% | -63.5% | -24.5% | -52.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 23.60 | 4.39 | 0.62 | 3.47 | 16.12 | 1.91 |
| Quick ratio | 23.32 | 4.24 | 0.45 | 3.39 | 16.08 | 1.83 |
| Cash ratio | 21.65 | 4.09 | 0.26 | 3.13 | 15.19 | 1.11 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.45 | 1.28 | 1.50 | 1.20 | 1.07 | 1.16 |
| Liabilities / Assets | 0.04 | 0.22 | 0.34 | 0.17 | 0.06 | 0.14 |
| Efficiency | ||||||
| Asset turnover | 0.03 | 0.10 | 0.20 | 0.04 | 0.10 | 0.30 |
| Inventory turnover | 2.91 | 3.08 | 3.40 | 10.96 | - | 32.83 |
| Days sales outstanding | 10d | 5d | 57d | 81d | 45d | 41d |
| Days inventory outstanding | 126d | 119d | 107d | 33d | - | 11d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 2.3x | 73.5x | 2483.6x | 2298.0x | - | - |
| P / S | 23.6x | 590.3x | 8369.1x | 50411.9x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -35.9% | -62.2% | 197.6% | -75.3% | -14.6% | 15.0% |
| Revenue CAGR (3y) | -10.3% | -34.8% | -14.4% | -37.7% | 67.0% | 23.2% |
| Revenue CAGR (5y) | -31.4% | -22.9% | 27.8% | -17.0% | 33.6% | 115.6% |
| Gross profit growth (YoY) | - | -89.1% | -68.4% | - | - | 140.0% |
| Operating income growth (YoY) | 21.1% | -24.9% | 4.7% | -72.6% | -11.6% | 18.8% |
| Net income growth (YoY) | -49.6% | 32.2% | 4.2% | -53.0% | -27.0% | 20.1% |
| EPS growth (YoY) | -47.3% | 40.0% | 0.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -9.7% | -31.7% | -18.3% | -33.3% | -15.1% | -14.5% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -19.5% | -9.9% | -54.3% | -40.9% | 173.1% | -28.2% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-1.02
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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.