MINM · Minim, 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 | $2.12M | - | $1.94M | $45.0K | $125 | - | - | - | $639.9K | - |
| Cost of Revenue | $627.7K | - | $291.7K | $43.9K | $750 | - | - | - | $432.6K | - |
| Gross Profit | $1.49M | - | $1.65M | $1.1K | ($625) | - | - | - | $207.3K | - |
| R&D | $30.0K | - | - | $17.4K | - | - | - | - | $72.4K | - |
| SG&A | $996.9K | - | $1.72M | $603.7K | $340.5K | - | $625.1K | $566.5K | $1.02M | - |
| Total Operating Expenses | $1.07M | - | $1.75M | $638.0K | $370.5K | - | $625.1K | $488.5K | $3.48M | - |
| D&A | $29.0K | - | $47.0K | $83.0K | $49.9K | - | - | - | $103.5K | - |
| Operating Income | $426.4K | - | ($100.6K) | ($636.9K) | ($371.1K) | - | ($625.1K) | ($488.5K) | ($3.27M) | - |
| Interest Expense | - | - | $3.2K | $2.6K | $2.8K | - | - | ($20) | ($62) | - |
| Income Tax | $136.8K | - | $140.2K | - | $0 | - | - | ($554) | ($10.7K) | - |
| Net Income | $351.5K | - | ($253.0K) | ($639.7K) | ($373.9K) | - | ($625.1K) | ($487.9K) | ($3.26M) | - |
| EPS - Basic | $0.03 | - | ($0.04) | ($0.13) | ($0.10) | - | ($0.22) | ($0.17) | ($1.18) | - |
| EPS - Diluted | $0.02 | - | ($0.04) | ($0.13) | ($0.10) | - | ($0.22) | ($0.17) | ($1.18) | - |
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 | $4.58M | $3.08M | $5.91M | $4.50M | $9.1K | $30.2K | $191.7K | $630.8K | $1.03M | $709.3K |
| Accounts Receivable | $1.42M | $2.11M | $187.3K | - | - | $0 | - | - | $21.7K | $701.4K |
| Inventory | - | - | - | - | - | - | - | - | - | $9.95M |
| Accounts Payable | $264.0K | $511.2K | $146.9K | - | $100.8K | $143.4K | $307.8K | $263.7K | $398.8K | $11.14M |
| Current Assets | $6.24M | $6.61M | $6.73M | $5.20M | $103.5K | $164.9K | $215.8K | $654.9K | $1.08M | $11.40M |
| Total Assets | $11.84M | $10.77M | $8.51M | $7.05M | $357.9K | $307.0K | $433.2K | $953.3K | $1.50M | $12.36M |
| Current Liabilities | $2.94M | $4.18M | $4.60M | $4.12M | $846.7K | $437.0K | $992.0K | $1.36M | $1.42M | $12.24M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.94M | $4.18M | $4.60M | $4.12M | $861.8K | - | $992.0K | $1.36M | $1.42M | $12.24M |
| Stockholders' Equity | $8.90M | $6.59M | $3.91M | $2.93M | ($503.9K) | ($130.0K) | ($558.9K) | ($404.7K) | $83.2K | $115.9K |
| Retained Earnings | ($95.27M) | ($95.62M) | ($97.96M) | ($97.71M) | ($97.07M) | ($96.69M) | ($96.84M) | ($96.22M) | ($95.73M) | ($92.47M) |
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 | $66.6K | - | - | - | ($371.1K) | - | - | - | ($2.48M) | - |
| Investing Cash Flow | ($518.0K) | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $1.97M | - | - | - | $350.0K | - | - | - | $2.80M | - |
| CapEx | $518.0K | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | ($451.5K) | - | - | - | - | - | - | - | - | - |
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 | 70.4% | - | 85.0% | 2.4% | -500.0% | - | - | - | 32.4% | - |
| Operating margin | 20.1% | - | -5.2% | -1415.6% | -296896.8% | - | - | - | -511.0% | - |
| EBITDA margin | 21.5% | - | -2.8% | -1231.1% | -257016.0% | - | - | - | -494.8% | - |
| Net margin | 16.6% | - | -13.0% | -1421.7% | -299128.0% | - | - | - | -509.3% | - |
| Free cash flow margin | -21.3% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | -1.28 | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 1.4% | - | - | 38.7% | - | - | - | - | 11.3% | - |
| SG&A / Revenue | 47.0% | - | 88.5% | 1341.9% | 272396.8% | - | - | - | 159.2% | - |
| Effective tax rate | 28.0% | - | - | - | - | - | - | - | - | - |
| Return on assets | 3.0% | - | -3.0% | -9.1% | -104.5% | - | -144.3% | -51.2% | -216.9% | - |
| Return on equity | 4.0% | - | -6.5% | -21.8% | 74.2% | - | 111.8% | 120.6% | -3915.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.12 | 1.58 | 1.46 | 1.26 | 0.12 | 0.38 | 0.22 | 0.48 | 0.76 | 0.93 |
| Quick ratio | 2.12 | 1.58 | 1.46 | 1.26 | 0.12 | 0.38 | 0.22 | 0.48 | 0.76 | 0.12 |
| Cash ratio | 1.56 | 0.74 | 1.28 | 1.09 | 0.01 | 0.07 | 0.19 | 0.46 | 0.72 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -31.0x | -241.4x | -133.1x | - | - | 24424.3x | 52736.8x | - |
| Equity multiplier | 1.33 | 1.63 | 2.18 | 2.40 | -0.71 | -2.36 | -0.78 | -2.36 | 18.05 | 106.63 |
| Liabilities / Assets | 0.25 | 0.39 | 0.54 | 0.58 | 2.41 | - | 2.29 | 1.42 | 0.94 | 0.99 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.23 | 0.01 | 0.00 | - | - | - | 0.43 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 245d | - | 35d | - | - | - | - | - | 12d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 153d | - | 184d | - | 49039d | - | - | - | 336d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1697491.2% | - | - | - | -100.0% | - | - | - | -94.0% | - |
| Revenue CAGR (3y) | -41.8% | - | -49.5% | -85.5% | -97.9% | - | - | - | -65.1% | - |
| Revenue CAGR (5y) | -32.4% | - | -30.6% | -66.2% | -89.9% | - | - | - | -39.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | -92.1% | - |
| Operating income growth (YoY) | - | - | 83.9% | -30.4% | 88.6% | - | 90.7% | 91.1% | 16.7% | - |
| Net income growth (YoY) | - | - | 59.5% | -31.1% | 88.5% | - | 90.8% | 91.3% | 19.9% | - |
| EPS growth (YoY) | - | - | 81.8% | 23.5% | 91.5% | - | 93.9% | 94.3% | 45.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | -99.3% | -99.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$55.42M totalCable Modems And Gateways$53.75M · 97.0%
Other Networking Product$1.15M · 2.1%
Software As AService$525.4K · 0.9%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing MINIM against the 5 most active filers in the same SIC group.