Movano Inc. (MOVE) Income Statement
MOVE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMOVE revenue and net income
Where MOVE's revenue goes
2025Each bar shows an amount and its share of revenue. MOVE kept −4,222.9% of revenue as net income.
MOVE profit margins
MOVE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −57.3% | — | — | −45.6% |
| 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.
MOVE quarterly EPS vs estimates
Movano beat the analyst EPS estimate in 4 of the last 6 quarters. Next report: November 13, 2026.
MOVE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $433,000 | $1.0M | $0 | $0 | $0 | $0 | $0 | $0 | $227.0M | $199.2M |
| Cost of revenue | $2.3M | $3.0M | $158,000 | $134,000 | $74,000 | $13,000 | $11,000 | $3,000 | $35.4M | $31.9M |
| Gross profit | −$1.8M | −$2.0M | −$158,000 | −$134,000 | −$74,000 | −$13,000 | −$11,000 | −$3,000 | $191.7M | $167.4M |
| Research & development | $5.7M | $11.2M | $16.7M | $19.0M | $13.4M | $8.4M | $6.5M | $2.9M | $38.9M | $37.3M |
| Sales, general & admin | $7.9M | $11.0M | $12.8M | $11.5M | $6.5M | $2.7M | $2.0M | $662,182 | $176.2M | $150.3M |
| Total operating expenses | $13.7M | $22.2M | $29.5M | $30.3M | $19.8M | $11.1M | $8.5M | $3.5M | — | — |
| Operating income | −$15.5M | −$24.2M | −$29.7M | −$30.5M | −$19.8M | −$11.1M | −$8.5M | −$3.5M | $561,000 | $5.2M |
| Interest income | $183,000 | $495,000 | $407,000 | $133,000 | $22,000 | $27,000 | — | — | — | — |
| Interest expense | $3.0M | $0 | — | $133,000 | $883,000 | $1.0M | $0 | $0 | $0 | $0 |
| Income before taxes | −$18.3M | −$23.7M | −$29.3M | −$30.3M | −$21.8M | −$13.0M | −$8.4M | −$3.5M | $473,000 | $6.0M |
| Income taxes | — | — | — | −$133,000 | $809,000 | $1.0M | −$160,860 | — | — | $397,000 |
| Net income | −$18.3M | −$23.7M | −$29.3M | −$30.2M | −$22.6M | −$14.0M | −$8.4M | −$3.5M | $574,000 | $5.6M |
| EBITDA | −$15.2M | −$23.6M | −$29.1M | −$30.2M | −$20.8M | −$12.0M | −$8.4M | −$3.5M | — | — |
| EPS (diluted) | −$22.90 | −$25.80 | −$71.40 | −$0.92 | −$1.51 | −$7.49 | −$3.39 | — | — | — |
| Gross margin | −424.9% | −196.8% | — | — | — | — | — | — | 84.4% | 84.0% |
| Operating margin | −3,580.4% | −2,391.1% | — | — | — | — | — | — | 0.2% | 2.6% |
| Net margin | −4,222.9% | −2,342.3% | — | — | — | — | — | — | 0.3% | 2.8% |
| 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 | $3.8M | $510,000 | $44,000 | $80,000 | $103,000 | $111,000 | $111,000 | $50,000 | $0 | $852,000 | $0 | $0 |
| Cost of revenue | $4.8M | $1.3M | $989,000 | $280,000 | $362,000 | $567,000 | $567,000 | $845,000 | $380,000 | $1.2M | — | $40,000 |
| Gross profit | −$993,000 | −$824,000 | −$945,000 | −$200,000 | −$259,000 | −$456,000 | −$456,000 | −$795,000 | −$380,000 | −$363,000 | — | −$40,000 |
| Research & development | $1.4M | $822,000 | $790,000 | $1.2M | $1.4M | $2.0M | $2.0M | $3.4M | $2.9M | $2.9M | $3.2M | $5.6M |
| Sales, general & admin | $12.9M | $3.4M | $5.2M | $1.2M | $1.6M | $379,000 | $2.2M | $3.2M | $3.1M | $2.5M | $2.8M | $3.4M |
| Total operating expenses | $14.2M | $4.0M | $3.5M | $2.4M | $3.0M | $4.2M | $4.8M | $6.6M | $6.0M | $5.4M | $6.0M | $9.0M |
| Operating income | −$15.2M | −$4.8M | −$4.4M | −$2.6M | −$3.3M | −$4.7M | −$4.7M | −$7.4M | −$6.4M | −$5.8M | −$6.0M | −$9.1M |
| Interest income | — | $20,000 | — | $65,000 | — | $60,000 | — | $178,000 | — | $34,000 | — | — |
| Interest expense | $166,000 | $178,000 | $1.5M | $1.5M | — | $0 | — | $0 | — | $10,000 | — | — |
| Income before taxes | −$12.7M | −$5.0M | −$5.9M | −$4.0M | −$3.2M | −$4.6M | −$4.6M | −$7.2M | −$6.2M | −$5.7M | −$6.0M | −$9.0M |
| Income taxes | $20,000 | $96,000 | $879,000 | — | — | — | — | — | — | −$276 | — | −$40,000 |
| Net income | −$12.8M | −$5.0M | −$5.9M | −$4.0M | −$3.2M | −$4.6M | −$4.6M | −$7.2M | −$6.2M | −$5.7M | −$6.0M | −$9.0M |
| EBITDA | −$11.7M | −$4.5M | −$4.3M | −$2.5M | −$3.2M | −$4.6M | — | −$7.2M | −$6.2M | −$5.7M | — | −$8.9M |
| EPS (diluted) | −$5.12 | −$3.13 | −$4.77 | −$4.73 | −$7.30 | −$6.10 | −$6.10 | −$10.60 | −$9.00 | −$0.10 | −$12.36 | −$19.52 |
| Gross margin | −26.1% | −161.6% | −2,147.7% | −250.0% | −251.5% | −410.8% | −410.8% | −1,590.0% | — | −42.6% | — | — |
| Operating margin | −400.3% | −950.4% | −10,031.8% | −3,238.8% | −3,165.0% | −4,227.0% | −4,227.0% | −14,758.0% | — | −675.4% | — | — |
| Net margin | −335.8% | −981.4% | −13,302.3% | −5,036.2% | −3,131.1% | −4,158.6% | −4,158.6% | −14,402.0% | — | −671.4% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MOVE's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MOVE financial results
In fiscal year 2025 (ended December 31, 2025), Movano reported revenue of $0.4 million, down 57.3% from the year before. It had a net loss of $18.3 million, a net profit margin of −4,222.9%. Diluted earnings per share came to −$22.90.
See the MOVE stock overview for the latest quote and news, or the MOVE chart for price history and technical indicators.
MOVE income statement FAQ
What is Movano's annual revenue?
Movano reported total revenue of $0.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 57.3% from $1.0 million the previous year.
Is Movano profitable?
No. Movano reported a net loss of $18.3 million in fiscal 2025, a net profit margin of −4,222.9%; its operating margin was −3,580.4%.
What is Movano's gross margin?
Movano's gross margin was −424.9% in fiscal 2025: for every $100 of revenue, Movano kept $-425 after the direct cost of its products and services.
How much does Movano spend on research and development?
Movano spent $5.7 million on research and development in fiscal 2025, 1,325.6% of revenue.
What are Movano's earnings per share?
Movano earned $-22.90 per diluted share in fiscal 2025, compared with $-25.80 a year earlier.
When will Movano report its next earnings?
Movano is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Movano's fiscal year end?
Movano's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.