FIRY (FIRY) Income Statement
FIRY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFIRY revenue and net income
Where FIRY's revenue goes
2025Each bar shows an amount and its share of revenue. FIRY kept −67.4% of revenue as net income.
FIRY profit margins
FIRY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −31.3% | −27.1% | −14.5% | — |
| Gross profit | −33.1% | −27.4% | −15.9% | — |
| 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.
FIRY quarterly EPS vs estimates
FIRY beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026.
FIRY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104.5M | $152.1M | $152.1M | $269.7M | $380.2M | $229.0M | $119.9M | $50.8M |
| Cost of revenue | $13.1M | $15.4M | $15.4M | $30.7M | $25.2M | $12.3M | $5.7M | $2.1M |
| Gross profit | $91.4M | $136.7M | $136.7M | $239.0M | $354.9M | $216.8M | $114.2M | $48.7M |
| Research & development | $20.6M | $28.1M | $28.1M | $52.3M | $46.2M | $23.2M | $11.2M | $7.5M |
| Sales, general & admin | $142.2M | $219.5M | $219.5M | $440.0M | $602.5M | $296.7M | $127.7M | $66.7M |
| Total operating expenses | $162.9M | $251.0M | $263.0M | $660.3M | $648.7M | $320.0M | $139.0M | $74.2M |
| Operating income | −$71.4M | −$114.3M | −$111.0M | −$421.4M | −$293.8M | −$103.2M | −$24.8M | −$25.5M |
| Interest income | $9.4M | $15.4M | — | — | — | — | — | — |
| Interest expense | $15.2M | $2.9M | $2.9M | $26.5M | $1.2M | $1.3M | $2.5M | $2.2M |
| Income before taxes | −$70.3M | −$101.1M | −$101.1M | −$439.2M | −$207.1M | −$149.0M | −$23.6M | −$27.8M |
| Income taxes | $108,000 | $239,000 | — | −$345,000 | −$19.1M | $115,000 | — | −$45,000 |
| Net income | −$70.4M | −$101.4M | −$101.4M | −$438.9M | −$187.9M | −$149.1M | −$23.6M | −$27.8M |
| EBITDA | −$53.7M | −$96.3M | −$96.3M | −$394.8M | −$194.2M | −$146.0M | −$20.4M | −$25.2M |
| EPS (diluted) | −$4.26 | −$5.27 | −$18.07 | −$21.10 | −$13.75 | −$2.52 | −$0.74 | −$2.31 |
| Gross margin | 87.5% | 89.9% | 89.9% | 88.6% | 93.4% | 94.6% | 95.2% | 95.8% |
| Operating margin | −68.3% | −75.2% | −73.0% | −156.2% | −77.3% | −45.1% | −20.7% | −50.3% |
| Net margin | −67.4% | −66.6% | −66.6% | −162.7% | −49.4% | −65.1% | −19.7% | −54.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.0M | $29.1M | $27.3M | $27.4M | $25.2M | $21.9M | $24.6M | $25.3M | $36.4M | $40.2M | $44.4M | $42.7M |
| Cost of revenue | $3.9M | $3.6M | $3.5M | $3.4M | $3.2M | $3.0M | $3.4M | $3.3M | $3.7M | $3.6M | $4.6M | $4.9M |
| Gross profit | $27.1M | $25.5M | $23.8M | $24.0M | $22.0M | $18.9M | $21.2M | $21.9M | $32.7M | $36.5M | $39.8M | $37.8M |
| Research & development | $6.9M | $5.1M | $5.5M | $5.4M | $4.8M | $4.8M | $4.7M | $4.3M | $7.9M | $8.0M | $8.9M | $6.7M |
| Sales, general & admin | $41.8M | $36.7M | $46.1M | $34.8M | $33.1M | $37.1M | $37.4M | $17.2M | $56.3M | $58.7M | $63.0M | $58.0M |
| Total operating expenses | $48.6M | $41.8M | $51.6M | $40.3M | $41.2M | $44.9M | $42.2M | −$3.6M | $64.2M | $66.8M | $71.9M | $185.2M |
| Operating income | −$21.6M | −$16.2M | −$27.8M | −$16.3M | −$16.0M | −$23.0M | −$21.0M | $25.6M | −$31.4M | −$30.3M | −$32.1M | −$147.4M |
| Interest income | $1.4M | $1.6M | $2.0M | $2.3M | $2.5M | $2.7M | — | — | — | — | — | — |
| Interest expense | $2.4M | $3.8M | $3.8M | $1.6M | $3.8M | $3.8M | $3.8M | — | $3.8M | $1.7M | $3.5M | $4.4M |
| Income before taxes | −$24.4M | −$10.9M | −$29.1M | −$17.4M | −$17.9M | −$17.1M | −$21.1M | $26.1M | −$33.5M | −$16.6M | −$35.5M | −$151.5M |
| Income taxes | $96,000 | $74,000 | $56,000 | $40,000 | — | — | $32,000 | $73,000 | $9,000 | $114,000 | $69,000 | $143,000 |
| Net income | −$24.5M | −$10.9M | −$29.1M | −$17.4M | −$17.9M | −$17.1M | −$21.1M | $26.0M | −$33.5M | −$16.7M | −$35.6M | −$151.6M |
| EBITDA | −$21.0M | −$6.3M | −$17.0M | −$15.6M | −$13.9M | — | −$16.9M | −$20.0M | −$29.2M | −$14.1M | −$31.4M | −$145.1M |
| EPS (diluted) | −$1.52 | −$0.69 | −$1.16 | −$1.14 | −$0.58 | −$1.38 | −$1.20 | −$1.12 | −$1.58 | −$1.78 | −$1.80 | — |
| Gross margin | 87.4% | 87.6% | 87.2% | 87.7% | 87.2% | 86.5% | 86.3% | 86.8% | 89.9% | 90.9% | 89.7% | 88.6% |
| Operating margin | −69.6% | −55.8% | −101.7% | −59.4% | −63.4% | −104.9% | −85.5% | 101.2% | −86.3% | −75.3% | −72.3% | −345.2% |
| Net margin | −79.0% | −37.6% | −106.5% | −63.7% | −71.1% | −78.3% | −86.0% | 103.0% | −92.1% | −41.6% | −80.2% | −355.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FIRY's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FIRY financial results
In fiscal year 2025 (ended December 31, 2025), FIRY reported revenue of $104.5 million, down 31.3% from the year before. It had a net loss of $70.4 million, a net profit margin of −67.4%. Diluted earnings per share came to −$4.26. Over five years revenue grew at an average rate of −14.5% a year.
See the FIRY stock overview for the latest quote and news, or the FIRY chart for price history and technical indicators.
FIRY income statement FAQ
What is FIRY's annual revenue?
FIRY reported total revenue of $104.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 31.3% from $152.1 million the previous year.
Is FIRY profitable?
No. FIRY reported a net loss of $70.4 million in fiscal 2025, a net profit margin of −67.4%; its operating margin was −68.3%.
What is FIRY's gross margin?
FIRY's gross margin was 87.5% in fiscal 2025: for every $100 of revenue, FIRY kept $88 after the direct cost of its products and services.
How much does FIRY spend on research and development?
FIRY spent $20.6 million on research and development in fiscal 2025, 19.7% of revenue.
How fast is FIRY growing?
Revenue grew −14.5% a year on average over the last five fiscal years, from $229.0 million to $104.5 million.
What are FIRY's earnings per share?
FIRY earned $-4.26 per diluted share in fiscal 2025, compared with $-5.27 a year earlier.
When will FIRY report its next earnings?
FIRY is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does FIRY's fiscal year end?
FIRY's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.