Fabric.AI, Inc. (FABC) AI Stock Analysis
FABC AI stock analysis summary
AI ResearchFabric.AI, Inc. (FABC) is a fabless semiconductor company developing optical interconnect technologies for AI data centers. The company recorded $0 in trailing twelve month revenue as of June 30, 2026, alongside an EPS of -$26.35. While holding $26.8M in cash and short-term investments, its 1-year stock return stands at -58.6%.
- Market cap
- $15.2M
- Revenue (TTM)
- $0
- P/E
- —
- 1Y return
- -58.6% S&P 500 16.8%
- Avg. target
- —
Bull case
- The company maintains a strong liquidity buffer with $26.8M in cash and short-term investments alongside net cash of $26.6M as of June 30, 2026.
- Total debt stands at just $162,336, supporting a low debt-to-equity ratio of 0.01 and a current ratio of 18.63.
- Annual net losses narrowed significantly in FY2024 to -$1.8M compared to -$34.2M in FY2023.
Bear case
- Trailing twelve month revenue reached $0 for the period ended June 30, 2026, following a 2-year revenue CAGR of -85.4% through FY2024.
- The business burned cash with FY2024 free cash flow at -$13.5M and operating cash flow at -$13.3M.
- Shareholders experienced substantial dilution as the five-year share count increased by 314.0%.
What Fabric.AI does
Fabric.AI, Inc. designs and develops fabless semiconductor technologies, providing MicroLED based optical interconnects and semiconductor solutions tailored for AI workloads. The company develops and commercializes interfaces for GPU-to-GPU connectivity to build prototype and demonstration versions of its technology. In addition, Fabric.AI maintains a strategic partnership with Kopin Corporation to develop Neural I/o MicroLED optical interconnect technology targeted at AI data centers. Formerly known as StableX Technologies, Inc., the company adopted the name Fabric.AI, Inc. in April 2026 and is headquartered in New York, New York.
Growth and profitability
Annual revenue contracted sharply from $3.0M in FY2022 to $498,917 in FY2023, reflecting a decline of 83.3%. In FY2024, revenue fell 87.2% to $63,777, resulting in a 2-year revenue CAGR of -85.4% from FY2022 to FY2024. Profitability remained under pressure, with FY2024 gross margin at -10328.5% and operating margin at -27779.9%. Annual net income improved from -$34.2M in FY2023 to -$1.8M in FY2024, bringing EPS to -$37.95. For the trailing twelve months ended June 30, 2026, revenue was $0, accompanied by an operating margin of 0.0% and an EPS of -$26.35.
Balance sheet and cash flow
As of the quarter ended June 30, 2026, Fabric.AI held $26.8M in cash and short-term investments against total debt of $162,336, resulting in net cash of $26.6M. Shareholders' equity was $28.3M, and the current ratio stood at 18.63 with a debt-to-equity ratio of 0.01. Free cash flow was -$13.5M in FY2024 compared to -$28.4M in FY2023. In FY2025, the company allocated $7.9M toward share buybacks, while the five-year share count change was 314.0%.
Valuation and performance
Fabric.AI trades at a market capitalization of $15.2M and an enterprise value of $12.0M. The stock has a price-to-sales multiple of 520.8x, significantly above the 2.8x median of its US-listed Technology peers. Its enterprise value to EBITDA ratio is 1.4x, compared to the peer median of 16.6x, while its price-to-book ratio is 1.5x. Over the past year, the stock fell 58.6%, trailing the S&P 500 return of 16.8%, and its 5-year return sits at -99.4% compared to 83.0% for the S&P 500.
What analysts expect
The company recorded 0 EPS beats over the last 4 quarters. The next earnings date is scheduled for November 13, 2026. The stock closed at $2.17 on October 16, 2026, trading 25.2% below its 200-day average. Its 52-week trading range spans between a low of $1.64 and a high of $6.28, accompanied by a beta of 2.96.
Key risks and what to watch
- The stock exhibits high price volatility with a beta of 2.96 and a 1-year decline of 58.6%.
- Short interest represents 20.2% of the float, pointing to elevated bearish positioning.
- The company posted 0 EPS beats over the last 4 quarters, highlighting consistent quarterly earnings challenges.
- Return on equity over the trailing twelve months was -298.0%, reflecting persistent profitability deficits.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FABC AI stock analysis
This page is an AI-written research summary of Fabric.AI, Inc. (FABC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FABC income statement, FABC balance sheet, FABC key metrics, FABC chart. See the FABC stock overview for the latest quote and news.
FABC AI stock analysis FAQ
What is Fabric.AI's current cash and debt position?
As of June 30, 2026, Fabric.AI reported $26.8M in cash and short-term investments alongside total debt of $162,336. This translates to net cash of $26.6M and a current ratio of 18.63.
How has FABC stock performed relative to the broader market?
FABC shares fell 58.6% over the past year, underperforming the S&P 500 return of 16.8%. Over a 5-year period, the stock fell 99.4% while the S&P 500 gained 83.0%.
Does Fabric.AI generate revenue?
Fabric.AI reported $0 in revenue for the trailing twelve months ended June 30, 2026. Annual revenue dropped from $3.0M in FY2022 to $63,777 in FY2024.
When is Fabric.AI's next earnings report?
Fabric.AI is scheduled to report its next earnings on November 13, 2026. The company registered 0 EPS beats over the last 4 quarters.