JNVR · Janover 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 | $287.0K | - | $4.63M | $1.99M | $287.2K | - | $618.7K | $441.0K | $411.1K | - |
| Cost of Revenue | $103.0K | - | $88.0K | $28.0K | - | - | $7.6K | $8.0K | $8.6K | - |
| Gross Profit | $184.0K | - | $4.54M | $1.96M | - | - | $611.0K | $601.9K | $402.5K | - |
| R&D | $141.0K | - | $269.0K | $313.0K | $169.0K | - | $151.2K | $154.0K | $173.4K | - |
| SG&A | $6.01M | - | $3.57M | $4.68M | $543.9K | - | $564.4K | $667.4K | $758.8K | - |
| Total Operating Expenses | $1.17M | - | ($67.46M) | ($15.20M) | $1.17M | - | $1.07M | $1.28M | $1.42M | - |
| D&A | $351.0K | - | $352.0K | $291.0K | $49.9K | - | $107 | $49.7K | $73.0K | - |
| Operating Income | ($55.22M) | - | $72.09M | $17.19M | ($883.2K) | - | ($454.1K) | ($851.8K) | ($1.02M) | - |
| Interest Expense | $2.20M | - | $2.93M | $776.0K | ($51.1K) | - | - | - | - | - |
| Income Tax | $0 | - | $17.93M | $1.20M | - | - | - | - | - | - |
| Net Income | ($83.39M) | - | $56.03M | $15.43M | ($777.6K) | - | ($471.3K) | ($805.4K) | ($964.1K) | - |
| EPS - Basic | ($3.18) | - | $2.41 | $1.09 | ($0.55) | - | ($0.04) | ($0.07) | ($0.09) | - |
| EPS - Diluted | ($3.18) | - | $1.83 | $0.84 | ($0.55) | - | ($0.04) | ($0.07) | ($0.09) | - |
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 | $3.68M | $5.92M | $8.80M | $2.47M | $1.80M | $2.52M | $2.77M | $3.24M | $3.92M | $5.08M |
| Accounts Receivable | - | $52.0K | $52.0K | $1.09M | $631.4K | $195.4K | $165.8K | $111.2K | $120.8K | $86.1K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $127.77M | $121.93M | $174.41M | $5.58M | $3.05M | $3.27M | $3.11M | $3.42M | $4.18M | $5.29M |
| Total Assets | $229.72M | $307.41M | $479.95M | $107.23M | $4.16M | $4.38M | $4.48M | $4.75M | $5.49M | $6.68M |
| Current Liabilities | $91.74M | $80.79M | $85.55M | $5.14M | $1.06M | $592.9K | $350.1K | $314.8K | $349.9K | $675.1K |
| Long-term Debt | $127.78M | $127.36M | $131.44M | $21.21M | - | - | - | - | - | - |
| Total Liabilities | $219.52M | $208.15M | $236.15M | $27.62M | $1.31M | $873.8K | $529.0K | $493.7K | $528.7K | $867.8K |
| Stockholders' Equity | $10.19M | $99.26M | $243.80M | $79.61M | $2.85M | $3.50M | $3.96M | $4.26M | $4.96M | $5.82M |
| Retained Earnings | ($175.29M) | ($91.77M) | $61.31M | $5.28M | ($10.15M) | ($9.37M) | ($8.88M) | ($8.41M) | ($7.61M) | ($6.64M) |
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 | ($9.82M) | - | - | - | ($785.6K) | - | - | - | ($1.15M) | - |
| Investing Cash Flow | $0 | - | - | - | - | - | - | - | ($6.4K) | - |
| Financing Cash Flow | ($8.61M) | - | - | - | $69.7K | - | - | - | $1.2K | - |
| CapEx | - | - | - | - | - | - | - | - | $6.4K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($1.15M) | - |
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 | 64.1% | - | 98.1% | 98.6% | - | - | 98.8% | 136.5% | 97.9% | - |
| Operating margin | -19240.4% | - | 1558.6% | 865.6% | -307.5% | - | -73.4% | -193.2% | -247.7% | - |
| EBITDA margin | -19118.1% | - | 1566.2% | 880.2% | -290.2% | - | -73.4% | -181.9% | -229.9% | - |
| Net margin | -29055.7% | - | 1211.4% | 777.0% | -270.8% | - | -76.2% | -182.6% | -234.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -280.3% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 1.20 | - |
| R&D / Revenue | 49.1% | - | 5.8% | 15.8% | 58.9% | - | 24.4% | 34.9% | 42.2% | - |
| SG&A / Revenue | 2092.7% | - | 77.2% | 235.5% | 189.4% | - | 91.2% | 151.3% | 184.6% | - |
| Effective tax rate | - | - | 24.2% | 7.2% | - | - | - | - | - | - |
| Return on assets | -36.3% | - | 11.7% | 14.4% | -18.7% | - | -10.5% | -16.9% | -17.6% | - |
| Return on equity | -818.0% | - | 23.0% | 19.4% | -27.3% | - | -11.9% | -18.9% | -19.4% | - |
| Return on invested capital | -31.6% | - | 14.6% | 15.8% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.39 | 1.51 | 2.04 | 1.08 | 2.89 | 5.52 | 8.89 | 10.86 | 11.94 | 7.84 |
| Quick ratio | 1.39 | 1.51 | 2.04 | 1.08 | 2.89 | 5.52 | 8.89 | 10.86 | 11.94 | 7.84 |
| Cash ratio | 0.04 | 0.07 | 0.10 | 0.48 | 1.70 | 4.25 | 7.91 | 10.28 | 11.22 | 7.52 |
| Leverage | ||||||||||
| Debt / Equity | 12.53 | 1.28 | 0.54 | 0.27 | - | - | - | - | - | - |
| Debt / Assets | 0.56 | 0.41 | 0.27 | 0.20 | - | - | - | - | - | - |
| Debt / EBITDA | - | - | 1.81 | 1.21 | - | - | - | - | - | - |
| Interest coverage | -25.1x | - | 24.6x | 22.2x | 17.3x | - | - | - | - | - |
| Equity multiplier | 22.53 | 3.10 | 1.97 | 1.35 | 1.46 | 1.25 | 1.13 | 1.12 | 1.11 | 1.15 |
| Liabilities / Assets | 0.96 | 0.68 | 0.49 | 0.26 | 0.32 | 0.20 | 0.12 | 0.10 | 0.10 | 0.13 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.01 | 0.02 | 0.07 | - | 0.14 | 0.09 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | 4d | 201d | 803d | - | 98d | 92d | 107d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.1% | - | 647.6% | 350.4% | -30.2% | - | 17.8% | -26.7% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | 642.5% | 225.3% | - | - | - | - | - | - |
| Operating income growth (YoY) | -6152.5% | - | - | - | 13.3% | - | 24.6% | -245.7% | - | - |
| Net income growth (YoY) | -10624.0% | - | - | - | 19.3% | - | 70.1% | -102.4% | - | - |
| EPS growth (YoY) | -478.2% | - | - | - | -511.1% | - | 76.5% | -40.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 258.0% | 2734.5% | 6063.2% | 1768.4% | -42.6% | -39.8% | - | 711.0% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$22.77M totalDigital Asset Treasury$9.19M · 40.3%
Treasury$9.19M · 40.3%
Real Estate Investment Trusts$2.20M · 9.7%
Real Estate Platform$2.20M · 9.7%
Product / service
$11.39M totalDigital Asset Treasury$9.19M · 80.7%
Real Estate Platform$2.20M · 19.3%
Peer comparison
Same SIC group: Finance Services
Comparing Janover Inc. against the 5 most active filers in the same SIC group.