Modular Medical, Inc. (MODD) Income Statement
MODD FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsMODD revenue and net income
MODD growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| 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.
MODD quarterly EPS vs estimates
Modular Medical beat the analyst EPS estimate in 0 of the last 7 quarters. Next report: November 13, 2026.
MODD income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $1.7M | $1.4M | $768,000 | $355,446 | $196,921 | $181,841 | $35,431 | $14,468 | $1,861 | — |
| Gross profit | −$1.7M | −$1.4M | −$768,000 | −$355,446 | −$196,921 | −$181,841 | −$35,431 | −$14,468 | −$1,861 | — |
| Research & development | $20.0M | $14.7M | $12.9M | $9.1M | $7.7M | $4.1M | $3.0M | $1.9M | $332,642 | — |
| Sales, general & admin | $7.6M | $4.4M | $4.6M | $4.8M | $7.2M | $3.3M | $2.3M | $694,954 | $331,661 | $91,051 |
| Total operating expenses | $25.9M | $19.0M | $17.5M | $13.9M | $14.9M | $7.3M | $5.3M | $2.6M | $91,051 | $91,051 |
| Operating income | −$27.6M | −$19.0M | −$17.5M | −$13.9M | −$14.9M | −$7.3M | −$5.3M | −$2.6M | −$91,051 | −$91,051 |
| Interest income | — | — | — | — | — | $130 | $28,749 | $39,390 | $8,518 | — |
| Interest expense | — | — | — | $975,000 | $2.8M | $39,791 | $28,749 | $0 | $15,508 | $0 |
| Income before taxes | −$28.2M | −$18.8M | −$17.5M | −$13.9M | −$18.6M | −$7.4M | −$5.3M | −$2.5M | −$106,559 | −$106,559 |
| Income taxes | $2,000 | $2,000 | $2,000 | $2,000 | $1,600 | $1,600 | $1,600 | $1,589 | $1,600 | — |
| Net income | −$28.2M | −$18.8M | −$17.5M | −$13.9M | −$18.6M | −$7.4M | −$5.3M | −$2.5M | −$106,559 | −$106,559 |
| EBITDA | −$25.9M | −$17.8M | −$17.0M | −$13.7M | −$15.8M | −$7.2M | −$5.3M | −$2.6M | −$89,190 | — |
| EPS (diluted) | −$3.97 | −$11.82 | −$12.96 | −$38.70 | −$2.78 | −$1.18 | −$1.01 | −$0.59 | −$0.18 | −$0.08 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $902,000 | $0 | $0 |
| Cost of revenue | — | $441,000 | $430,000 | $391,000 | $410,000 | $326,000 | $281,000 | $260,000 | $286,000 | $230,000 | $130,000 | $180,000 |
| Gross profit | — | −$441,000 | −$430,000 | −$391,000 | −$410,000 | −$326,000 | −$281,000 | −$260,000 | −$286,000 | −$230,000 | −$130,000 | −$180,000 |
| Research & development | $1.0M | $3.4M | $5.4M | $5.6M | $5.1M | $3.9M | $3.9M | $3.7M | $3.2M | $3.7M | $3.8M | $3.2M |
| Sales, general & admin | $2.2M | $1.8M | $1.8M | $2.2M | $1.7M | $1.0M | $1.0M | $1.3M | $1.0M | $643,000 | $1.4M | $1.0M |
| Total operating expenses | $6.5M | $5.2M | $7.2M | $7.8M | $6.8M | $5.0M | $4.9M | $5.0M | $4.2M | $4.3M | $5.3M | $4.2M |
| Operating income | −$6.5M | −$5.7M | −$7.2M | −$7.8M | −$6.8M | −$5.0M | −$4.9M | −$5.0M | −$4.2M | −$4.3M | −$5.3M | −$4.2M |
| Income before taxes | −$6.5M | −$6.4M | −$7.4M | −$7.8M | −$6.7M | −$4.9M | −$4.8M | −$5.0M | −$4.1M | −$4.3M | −$5.3M | −$4.2M |
| Income taxes | — | — | — | $2,000 | — | — | — | $2,000 | −$1 | −$14,724 | — | $2,000 |
| Net income | −$6.5M | −$6.4M | −$7.4M | −$7.8M | −$6.7M | −$4.9M | −$4.8M | −$5.0M | −$4.1M | −$4.3M | −$5.3M | −$4.2M |
| EBITDA | −$6.0M | −$5.2M | −$6.9M | −$7.4M | −$6.3M | −$4.6M | −$4.5M | −$4.7M | −$3.9M | −$4.1M | −$5.1M | −$4.1M |
| EPS (diluted) | −$1.19 | −$3.60 | −$0.11 | −$0.14 | −$0.12 | −$0.12 | −$3.90 | −$4.20 | −$3.60 | −$0.14 | −$6.90 | −$5.70 |
| Gross margin | — | — | — | — | — | — | — | — | — | −25.5% | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | −478.8% | — | — |
| Net margin | — | — | — | — | — | — | — | — | — | −474.6% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MODD's financial statements (latest annual report filed June 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MODD financial results
Modular Medical reported no revenue in fiscal year 2026 (ended March 31, 2026). It had a net loss of $28.2 million. Diluted earnings per share came to −$3.97.
See the MODD stock overview for the latest quote and news, or the MODD chart for price history and technical indicators.
MODD income statement FAQ
Does Modular Medical have revenue?
Modular Medical reported no revenue for fiscal year 2026, which ended on March 31, 2026.
Is Modular Medical profitable?
No. Modular Medical reported a net loss of $28.2 million in fiscal 2026.
How much does Modular Medical spend on research and development?
Modular Medical spent $20.0 million on research and development in fiscal 2026.
What are Modular Medical's earnings per share?
Modular Medical earned $-3.97 per diluted share in fiscal 2026, compared with $-11.82 a year earlier.
When will Modular Medical report its next earnings?
Modular Medical is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Modular Medical's fiscal year end?
Modular Medical's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 29, 2026.