WAVD · Wavedancer, 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 | $485.0K | - | $388.0K | $299.0K | $12.0K | - | $23.0K | - | - | - |
| Cost of Revenue | $264.0K | - | $242.0K | $25.0K | - | - | - | - | - | - |
| Gross Profit | $221.0K | - | $33.0K | $274.0K | - | - | - | $682.7K | $699.3K | - |
| R&D | $424.0K | - | $378.0K | $336.0K | $289.0K | - | $878.0K | - | - | - |
| SG&A | $1.67M | - | $2.01M | $626.0K | $565.0K | - | $2.99M | $1.06M | $1.37M | - |
| Total Operating Expenses | $2.23M | - | $2.80M | $1.27M | $1.10M | - | $4.30M | - | - | - |
| D&A | $45.0K | - | $10.0K | $10.0K | $19.0K | - | - | - | $52.4K | - |
| Operating Income | ($2.01M) | - | ($2.66M) | ($1.63M) | ($2.06M) | - | ($4.27M) | ($382.1K) | ($674.0K) | - |
| Interest Expense | - | - | - | - | - | - | - | $10.4K | $10.7K | - |
| Income Tax | $0 | - | - | $4.0K | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($2.00M) | - | ($2.64M) | ($1.83M) | ($12.93M) | - | ($4.29M) | ($389.7K) | ($674.0K) | - |
| EPS - Basic | ($0.13) | - | ($0.20) | ($0.14) | ($1.74) | - | ($0.61) | ($0.58) | ($0.33) | - |
| EPS - Diluted | - | - | ($0.61) | - | - | - | - | ($0.58) | - | - |
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 | $3.13M | $2.75M | $4.33M | $5.92M | $9.54M | $1.81M | $1.23M | $244.1K | $563.3K | $682.0K |
| Accounts Receivable | $193.0K | $194.0K | - | - | $100.0K | $121.0K | - | $791.7K | $776.0K | $1.12M |
| Inventory | $103.0K | $108.0K | $80.0K | $0 | - | - | - | - | - | - |
| Accounts Payable | $1.33M | $1.35M | $1.34M | $1.50M | $1.61M | $1.82M | - | $759.2K | $662.3K | $403.4K |
| Current Assets | $4.46M | $4.03M | $5.43M | $7.53M | $10.38M | $2.63M | $2.67M | $1.17M | $1.56M | $2.07M |
| Total Assets | $10.91M | $10.48M | $12.41M | $14.94M | $12.36M | $4.60M | $5.31M | $3.31M | $3.76M | $4.52M |
| Current Liabilities | $2.45M | $2.82M | $2.72M | $2.79M | $7.18M | $4.98M | $2.54M | $1.91M | $2.04M | $2.10M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.47M | $2.84M | $2.75M | $2.84M | $7.18M | $4.98M | $2.54M | $1.93M | $2.06M | $2.25M |
| Stockholders' Equity | $8.44M | $7.64M | $9.66M | $12.10M | $5.18M | ($375.0K) | $2.78M | $1.38M | $1.71M | $2.27M |
| Retained Earnings | ($113.62M) | ($111.61M) | ($108.90M) | ($106.26M) | ($104.42M) | ($87.08M) | ($83.30M) | ($34.29M) | ($33.90M) | ($33.23M) |
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 | ($1.95M) | - | - | - | ($2.51M) | - | - | - | ($118.7K) | - |
| Investing Cash Flow | ($58.0K) | - | - | - | ($7.0K) | - | - | - | $0 | - |
| Financing Cash Flow | $2.39M | - | - | - | $10.25M | - | - | - | $0 | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
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 | 45.6% | - | 8.5% | 91.6% | - | - | - | - | - | - |
| Operating margin | -414.4% | - | -684.5% | -546.5% | -17208.3% | - | -18556.5% | - | - | - |
| EBITDA margin | -405.2% | - | -682.0% | -543.1% | -17050.0% | - | - | - | - | - |
| Net margin | -413.2% | - | -680.2% | -613.0% | -107750.0% | - | -18647.8% | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 87.4% | - | 97.4% | 112.4% | 2408.3% | - | 3817.4% | - | - | - |
| SG&A / Revenue | 343.5% | - | 517.3% | 209.4% | 4708.3% | - | 13008.7% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -18.4% | - | -21.3% | -12.3% | -104.6% | - | -80.8% | -11.8% | -17.9% | - |
| Return on equity | -23.7% | - | -27.3% | -15.1% | -249.4% | - | -154.5% | -28.3% | -39.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.82 | 1.43 | 2.00 | 2.69 | 1.45 | 0.53 | 1.05 | 0.61 | 0.76 | 0.99 |
| Quick ratio | 1.78 | 1.39 | 1.97 | 2.69 | 1.45 | 0.53 | 1.05 | 0.61 | 0.76 | 0.99 |
| Cash ratio | 1.27 | 0.97 | 1.59 | 2.12 | 1.33 | 0.36 | 0.49 | 0.13 | 0.28 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | -36.9x | -62.7x | - |
| Equity multiplier | 1.29 | 1.37 | 1.28 | 1.23 | 2.38 | -12.27 | 1.91 | 2.40 | 2.20 | 1.99 |
| Liabilities / Assets | 0.23 | 0.27 | 0.22 | 0.19 | 0.58 | 1.08 | 0.48 | 0.58 | 0.55 | 0.50 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.03 | 0.02 | 0.00 | - | 0.00 | - | - | - |
| Inventory turnover | 2.56 | - | 3.02 | - | - | - | - | - | - | - |
| Days sales outstanding | 145d | - | - | - | 3042d | - | - | - | - | - |
| Days inventory outstanding | 142d | - | 121d | 0d | - | - | - | - | - | - |
| Days payable outstanding | 1837d | - | 2029d | 21929d | - | - | - | - | - | - |
| Cash conversion cycle | -1550d | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3941.7% | - | 1587.0% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | -44.8% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | -59.9% | - | - | - | -3.2% | 6.5% | - |
| Operating income growth (YoY) | 2.7% | - | 37.8% | -327.7% | -206.4% | - | -725.8% | - | 29.4% | - |
| Net income growth (YoY) | 84.5% | - | 38.5% | -370.4% | -1818.5% | - | -2760.6% | - | 50.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 62.8% | - | 247.9% | 777.4% | 203.5% | - | -3.8% | -47.3% | -28.0% | -39.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.14M totalService$814.0K · 71.3%
Product$111.0K · 9.7%
Subscription And Circulation$110.0K · 9.6%
Rentals$74.0K · 6.5%
Product And Service Other$33.0K · 2.9%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing WAVEDANCER against the 5 most active filers in the same SIC group.