A2Z Smart Technologies Corp. (AZ) Income Statement
AZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAZ revenue and net income
Where AZ's revenue goes
2025Each bar shows an amount and its share of revenue. AZ kept −477.6% of revenue as net income.
AZ profit margins
AZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.3% | −5.5% | +49.2% | — |
| Gross profit | −44.9% | −15.8% | +38.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AZ quarterly EPS vs estimates
A2Z Smart Technologies beat the analyst EPS estimate in 1 of the last 5 quarters. Next report: November 12, 2026 (estimate $-0.15).
AZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9M | $7.2M | $11.4M | $9.4M | $2.7M | $1.1M | $1.4M | $1.3M | $1.3M |
| Cost of revenue | $6.8M | $5.2M | $9.4M | $7.5M | $2.0M | $853,000 | $783,000 | $870,000 | $924,000 |
| Gross profit | $1.1M | $2.0M | $2.0M | $1.8M | $656,000 | $215,000 | $601,000 | $457,000 | $399,000 |
| Research & development | $9.9M | $4.0M | $4.8M | $4.5M | $3.2M | $418,000 | $414,000 | — | — |
| Sales, general & admin | $26.2M | $9.9M | $14.3M | $12.8M | $6.0M | $2.2M | $623,000 | $104,904 | $593,000 |
| Total operating expenses | $37.5M | $16.6M | $21.1M | $18.5M | $9.8M | $2.9M | $1.3M | $103,904 | $644,000 |
| Operating income | −$36.5M | −$14.6M | −$19.1M | −$16.7M | −$9.2M | −$2.7M | −$654,000 | −$103,904 | −$245,000 |
| Interest income | — | — | $85,000 | $20,000 | $75,000 | $75,000 | $0 | — | — |
| Interest expense | $185,000 | $47,000 | $62,000 | $97,000 | $14,000 | $107,000 | $109,000 | $29 | $0 |
| Income before taxes | −$36.1M | −$19.3M | −$18.1M | −$18.3M | −$40.1M | −$5.9M | −$2.6M | −$103,933 | −$375,000 |
| Income taxes | — | — | −$416,143 | $636,000 | $142,000 | $17,000 | $380,000 | $0 | −$54,000 |
| Net income | −$37.7M | −$17.0M | −$16.1M | −$16.6M | −$39.2M | −$6.0M | −$2.9M | −$103,933 | −$321,000 |
| EBITDA | −$35.1M | −$18.4M | −$17.0M | −$17.5M | −$39.8M | −$5.7M | −$2.2M | −$103,904 | −$169,000 |
| EPS (diluted) | −$0.96 | −$1.04 | −$0.96 | −$0.90 | −$2.18 | −$0.81 | −$0.18 | −$0.12 | — |
| Gross margin | 13.8% | 27.7% | 17.5% | 19.6% | 24.4% | 20.1% | 43.4% | 34.4% | 30.2% |
| Operating margin | −461.4% | −204.2% | −167.9% | −178.6% | −341.2% | −250.6% | −47.3% | −7.8% | −18.5% |
| Net margin | −477.6% | −237.2% | −141.2% | −177.1% | −1,458.6% | −557.4% | −212.1% | −7.8% | −24.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9M | $3.3M | $3.6M | $1.5M | $1.2M | $2.0M | $1.9M | $2.1M | $1.5M | $1.3M | $1.3M | $2.6M |
| Cost of revenue | $3.4M | $3.2M | $3.9M | $1.0M | $890,000 | $1.3M | $1.5M | $1.3M | $1.4M | $1.4M | $1.4M | $2.2M |
| Gross profit | $2.5M | $139,000 | −$282,000 | $526,000 | $270,000 | $626,000 | $350,000 | $746,000 | $123,000 | −$34,000 | −$34,000 | $368,000 |
| Research & development | $4.0M | $2.9M | $3.1M | $1.6M | $3.9M | $1.3M | $980,000 | $824,000 | $978,000 | $1.3M | $1.3M | $1.2M |
| Sales, general & admin | $6.1M | $5.2M | $14.1M | $3.1M | $3.1M | $6.8M | $1.9M | $2.8M | $2.7M | $2.4M | $2.4M | $4.1M |
| Total operating expenses | $10.1M | $8.2M | $22.6M | $4.6M | $7.1M | $8.2M | $4.8M | $3.7M | $3.6M | $4.3M | $5.6M | $5.3M |
| Operating income | −$7.6M | −$8.0M | −$19.0M | −$4.1M | −$6.8M | −$7.5M | −$4.5M | −$2.9M | −$3.5M | −$4.3M | −$4.3M | −$5.0M |
| Interest income | $254,000 | $160,000 | — | — | — | $449,000 | — | — | — | $23,000 | — | $104,000 |
| Interest expense | — | $414,000 | — | $116,000 | $223,000 | $74,000 | $34,000 | $82,000 | $76,000 | $253,000 | $13,000 | — |
| Income before taxes | −$7.3M | −$8.3M | −$17.7M | −$1.4M | −$11.2M | −$6.8M | −$12.2M | −$3.5M | −$3.2M | −$4.1M | −$4.1M | −$2.6M |
| Income taxes | — | — | — | — | — | — | — | — | −$560,481 | −$605,279 | — | −$3.0M |
| Net income | −$7.2M | −$8.1M | −$17.5M | −$1.3M | −$12.5M | −$6.4M | −$11.4M | −$3.2M | −$2.6M | −$3.6M | −$3.6M | −$1.9M |
| EBITDA | −$7.0M | −$7.6M | −$18.0M | −$1.1M | −$10.8M | −$6.5M | −$2.6M | −$3.2M | −$2.9M | −$3.9M | — | −$2.3M |
| EPS (diluted) | −$0.16 | −$0.18 | −$0.42 | −$0.04 | −$0.31 | −$0.19 | −$0.43 | −$0.37 | −$0.12 | −$0.12 | −$0.09 | −$0.12 |
| Gross margin | 42.5% | 4.2% | −7.7% | 34.0% | 23.3% | 31.7% | 18.8% | 36.0% | 8.0% | −2.6% | −2.6% | 14.2% |
| Operating margin | −128.6% | −242.0% | −520.2% | −265.9% | −585.9% | −381.4% | −241.4% | −140.4% | −228.8% | −329.6% | −323.2% | −191.3% |
| Net margin | −121.2% | −243.4% | −479.7% | −84.4% | −1,078.9% | −325.3% | −612.7% | −155.0% | −167.1% | −274.1% | −274.1% | −73.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AZ's financial statements (latest annual report filed April 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AZ financial results
In fiscal year 2025 (ended December 31, 2025), A2Z Smart Technologies reported revenue of $7.9 million, up 10.3% from the year before. It had a net loss of $37.7 million, a net profit margin of −477.6%. Diluted earnings per share came to −$0.96. Over five years revenue grew at an average rate of 49.2% a year.
See the AZ stock overview for the latest quote and news, or the AZ chart for price history and technical indicators.
AZ income statement FAQ
What is A2Z Smart Technologies's annual revenue?
A2Z Smart Technologies reported total revenue of $7.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 10.3% from $7.2 million the previous year.
Is A2Z Smart Technologies profitable?
No. A2Z Smart Technologies reported a net loss of $37.7 million in fiscal 2025, a net profit margin of −477.6%; its operating margin was −461.4%.
What is A2Z Smart Technologies's gross margin?
A2Z Smart Technologies's gross margin was 13.8% in fiscal 2025: for every $100 of revenue, A2Z Smart Technologies kept $14 after the direct cost of its products and services.
How much does A2Z Smart Technologies spend on research and development?
A2Z Smart Technologies spent $9.9 million on research and development in fiscal 2025, 125.9% of revenue.
How fast is A2Z Smart Technologies growing?
Revenue grew 49.2% a year on average over the last five fiscal years, from $1.1 million to $7.9 million.
What are A2Z Smart Technologies's earnings per share?
A2Z Smart Technologies earned $-0.96 per diluted share in fiscal 2025, compared with $-1.04 a year earlier.
When will A2Z Smart Technologies report its next earnings?
A2Z Smart Technologies is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does A2Z Smart Technologies's fiscal year end?
A2Z Smart Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 1, 2026.