KERN · Akerna Corp. - 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 | $62.12M | - | $64.22M | $1.38M | $1.56M | - | $3.69M | $5.51M | $7.49M | - |
| Cost of Revenue | $29.60M | - | $28.28M | $1.61M | $4.84M | - | $3.61M | $3.80M | - | - |
| Gross Profit | $32.52M | - | $35.94M | ($231.0K) | ($3.28M) | - | $77.0K | $1.71M | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.91M | - | $8.05M | $1.65M | $3.00M | - | $2.44M | $3.83M | $2.46M | - |
| Total Operating Expenses | - | - | - | $3.61M | $9.05M | - | $9.13M | $7.97M | $9.05M | - |
| D&A | $26.62M | - | $15.21M | $515.0K | $1.07M | - | $2.90M | $3.29M | $3.25M | - |
| Operating Income | ($118.20M) | - | $7.20M | ($2.23M) | ($5.47M) | - | ($5.45M) | ($5.87M) | ($1.56M) | - |
| Interest Expense | - | - | - | $290.0K | $287.0K | - | $283.0K | $282.0K | $326.0K | - |
| Income Tax | ($13.47M) | - | $1.75M | - | - | - | - | - | - | - |
| Net Income | ($81.79M) | - | $3.48M | ($5.26M) | ($6.28M) | - | ($5.95M) | ($4.01M) | ($11.74M) | - |
| EPS - Basic | ($0.08) | - | - | ($0.07) | ($0.09) | - | ($0.15) | ($0.10) | ($0.36) | - |
| EPS - Diluted | ($0.08) | - | - | ($0.07) | ($0.09) | - | ($0.15) | ($0.10) | ($0.40) | - |
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 | $10.05M | $3.82M | $7.98M | $678.0K | $318.0K | $735.0K | $368.0K | $1.22M | $1.74M | $768.5K |
| Accounts Receivable | - | - | - | - | $175.0K | - | $1.0K | $1.0K | $290.0K | $147.9K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $1.96M | - | $8.64M | $6.86M | $5.51M | $5.76M | $3.88M | $5.12M | $2.17M |
| Current Assets | $13.95M | $8.92M | $10.92M | $2.96M | $4.00M | $2.27M | $1.69M | $3.24M | $7.09M | $1.34M |
| Total Assets | $1.30B | $1.25B | $1.16B | $6.20M | $8.98M | $7.63M | $7.54M | $11.45M | $17.78M | $1.36M |
| Current Liabilities | $110.96M | $111.59M | $148.12M | $11.91M | $11.31M | $9.26M | $26.41M | $25.44M | $30.19M | $10.37M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $5.15M |
| Total Liabilities | $609.17M | $580.69M | $587.37M | $17.19M | $16.64M | $14.64M | - | $25.44M | $30.19M | $10.37M |
| Stockholders' Equity | $694.83M | $665.82M | $575.45M | ($10.99M) | ($7.66M) | ($7.01M) | ($18.86M) | ($13.99M) | ($12.41M) | ($9.01M) |
| Retained Earnings | ($134.34M) | ($52.55M) | $6.91M | ($79.27M) | ($74.02M) | ($67.73M) | ($68.14M) | ($62.19M) | ($58.18M) | ($179.14M) |
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 | ($42.51M) | - | - | - | ($3.22M) | - | - | - | ($983.0K) | - |
| Investing Cash Flow | ($61.76M) | - | - | - | ($1.78M) | - | - | - | - | - |
| Financing Cash Flow | $110.50M | - | - | - | $4.58M | - | - | - | $1.80M | - |
| CapEx | - | - | - | - | - | - | - | - | $42.0K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($1.02M) | - |
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 | 52.4% | - | 56.0% | -16.8% | -210.5% | - | 2.1% | 31.0% | - | - |
| Operating margin | -190.3% | - | 11.2% | -162.1% | -350.8% | - | -147.6% | -106.4% | -20.8% | - |
| EBITDA margin | -147.4% | - | 34.9% | -124.7% | -282.1% | - | -69.1% | -46.7% | 22.5% | - |
| Net margin | -131.7% | - | 5.4% | -381.8% | -403.1% | - | -161.2% | -72.7% | -156.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -13.7% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.1% | - | 12.5% | 119.6% | 192.6% | - | 66.1% | 69.4% | 32.9% | - |
| Effective tax rate | - | - | 33.5% | - | - | - | - | - | - | - |
| Return on assets | -6.3% | - | 0.3% | -84.8% | -69.9% | - | -78.8% | -35.0% | -66.0% | - |
| Return on equity | -11.8% | - | 0.6% | 47.8% | 82.0% | - | 31.5% | 28.7% | 94.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.13 | 0.08 | 0.07 | 0.25 | 0.35 | 0.25 | 0.06 | 0.13 | 0.23 | 0.13 |
| Quick ratio | 0.13 | 0.08 | 0.07 | 0.25 | 0.35 | 0.25 | 0.06 | 0.13 | 0.23 | 0.13 |
| Cash ratio | 0.09 | 0.03 | 0.05 | 0.06 | 0.03 | 0.08 | 0.01 | 0.05 | 0.06 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | -0.57 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 3.79 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | -7.7x | -19.0x | - | -19.2x | -20.8x | -4.8x | - |
| Equity multiplier | 1.88 | 1.87 | 2.02 | -0.56 | -1.17 | -1.09 | -0.40 | -0.82 | -1.43 | -0.15 |
| Liabilities / Assets | 0.47 | 0.47 | 0.51 | 2.77 | 1.85 | 1.92 | - | 2.22 | 1.70 | 7.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.06 | 0.22 | 0.17 | - | 0.49 | 0.48 | 0.42 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | 41d | - | 0d | 0d | 14d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | 1960d | 517d | - | 582d | 373d | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3887.0% | - | 1640.9% | -75.0% | -79.2% | - | 20.4% | 141.1% | 187.8% | - |
| Revenue CAGR (3y) | 187.9% | - | 128.1% | -39.1% | -39.3% | - | -10.4% | 22.5% | 26.3% | - |
| Revenue CAGR (5y) | 75.7% | - | 83.7% | -16.1% | -13.4% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | 46576.6% | - | - | - | -93.0% | 29.2% | - | - |
| Operating income growth (YoY) | -2062.4% | - | - | 62.0% | -250.4% | - | -111.3% | -233.5% | 19.1% | - |
| Net income growth (YoY) | -1202.4% | - | - | -31.1% | 46.5% | - | -129.2% | -30.1% | -374.6% | - |
| EPS growth (YoY) | 11.1% | - | - | 30.0% | 77.5% | - | 53.1% | 80.8% | 13.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | 21.4% | 38.3% | 22.2% | -105.1% | -71.4% | -114.4% | -86.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$185.16M totalUS$183.14M · 98.9%
CA$2.02M · 1.1%
Peer comparison
Same SIC group: Finance Services
Comparing Akerna Corp. against the 5 most active filers in the same SIC group.