Rezolve AI Limited (RZLV) Income Statement
RZLV FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsRZLV revenue and net income
Where RZLV's revenue goes
FY2025Each bar shows an amount and its share of revenue. RZLV kept −216.7% of revenue as net income.
RZLV profit margins
RZLV growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2,224.2% | +640.7% | — | — |
| Gross profit | +1,595.9% | — | — | — |
| 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.
RZLV quarterly EPS vs estimates
Rezolve AI beat the analyst EPS estimate in 1 of the last 3 quarters.
RZLV income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $46.8M | $2.0M | $145,051 | $115,159 | $3.9M |
| Cost of revenue | $15.9M | $192,829 | $34,791 | $745,040 | $1.7M |
| Gross profit | $30.9M | $1.8M | $110,260 | −$630,000 | $2.2M |
| Research & development | $11.2M | $1.2M | $497,978 | $467,563 | $559,122 |
| Sales, general & admin | $102.4M | $138.7M | $24.7M | $91.0M | $39.0M |
| Total operating expenses | $117.7M | $140.5M | $26.1M | $106.4M | $39.4M |
| Operating income | −$86.9M | −$138.5M | −$26.0M | −$107.0M | −$37.3M |
| Interest income | — | — | — | $0 | — |
| Interest expense | $3.5M | $10.6M | $4.8M | $3.9M | $301,594 |
| Income before taxes | −$119.1M | −$173.2M | −$30.7M | −$110.7M | −$37.7M |
| Income taxes | −$17.7M | — | $63,408 | $38,765 | −$26,755 |
| Net income | −$101.4M | −$173.5M | −$30.7M | −$110.7M | −$37.7M |
| EBITDA | −$108.7M | −$162.3M | −$25.8M | −$106.5M | −$36.8M |
| EPS (diluted) | −$1.01 | −$0.30 | −$0.08 | −$0.17 | −$0.02 |
| Gross margin | 66.0% | 90.4% | 76.0% | −547.1% | 55.4% |
| Operating margin | −185.6% | −6,879.4% | −17,928.9% | −92,955.0% | −954.4% |
| Net margin | −216.7% | −8,614.1% | −21,189.8% | −96,139.3% | −966.0% |
| Jun '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130.8M | $40.5M | $3.2M | $6.3M | $3.2M | $67,194 | $67,194 | $26,700 | $26,700 | $98,287 | $0 | $46,764 |
| Cost of revenue | $87.3M | $15.6M | $138,025 | $276,050 | $138,025 | $8,938 | $8,938 | $8,089 | $8,089 | $18,680 | — | $16,111 |
| Gross profit | $43.5M | $24.8M | $3.0M | $6.0M | $3.0M | $58,257 | $58,257 | $18,611 | $18,611 | $79,607 | — | $30,653 |
| Research & development | $19.9M | $11.2M | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | — | $65.5M | $18.4M | $36.9M | $18.4M | $64.1M | $64.1M | $1.4M | $715,715 | $1.4M | $1.4M | $2.4M |
| Total operating expenses | $171.6M | $79.3M | $19.2M | $38.5M | $19.2M | $64.2M | $64.2M | $4.9M | $4.9M | $637,839 | $637,839 | $818,698 |
| Operating income | −$128.1M | −$54.4M | −$16.2M | −$32.4M | −$16.2M | −$64.2M | −$64.2M | −$485,000 | −$485,000 | −$638,000 | −$638,000 | −$819,000 |
| Interest expense | $9.2M | $1.4M | — | $2.1M | — | $3.8M | — | $118,811 | $118,811 | $5,387 | — | — |
| Income before taxes | −$144.0M | −$61.8M | −$28.7M | −$57.4M | −$28.7M | −$79.9M | −$79.9M | −$334,000 | −$334,000 | −$251,000 | −$251,000 | $155,710 |
| Income taxes | −$4.5M | −$18.2M | $247,124 | $494,248 | $247,124 | $7,468 | $7,468 | $47,080 | $47,080 | $89,724 | $89,724 | $182,853 |
| Net income | −$139.5M | −$43.6M | −$28.9M | −$57.9M | −$28.9M | −$79.9M | −$79.9M | −$381,000 | −$381,000 | −$340,000 | −$340,000 | −$27,143 |
| EBITDA | −$107.6M | −$77.8M | −$15.4M | −$30.9M | −$15.4M | −$64.1M | −$64.2M | −$4.8M | −$4.8M | $136,113 | −$251,000 | $1.1M |
| EPS (diluted) | — | — | −$0.03 | — | −$0.98 | — | −$0.01 | −$0.20 | −$0.05 | −$0.04 | −$0.04 | −$0.06 |
| Gross margin | 33.3% | 61.4% | 95.6% | 95.6% | 95.6% | 86.7% | 86.7% | 69.7% | 69.7% | 81.0% | — | 65.5% |
| Operating margin | −97.9% | −134.5% | −513.3% | −513.3% | −513.3% | −95,527.9% | −95,527.9% | −1,816.5% | −1,816.5% | −649.1% | — | −1,751.3% |
| Net margin | −106.6% | −107.6% | −915.8% | −915.8% | −915.8% | −118,912.4% | −118,912.4% | −1,427.0% | −1,427.0% | −345.9% | — | −58.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RZLV's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RZLV financial results
In fiscal year 2025 (ended September 30, 2025), Rezolve AI reported revenue of $46.8 million, up 2,224.2% from the year before. It had a net loss of $101.4 million, a net profit margin of −216.7%. Diluted earnings per share came to −$1.01.
See the RZLV stock overview for the latest quote and news, or the RZLV chart for price history and technical indicators.
RZLV income statement FAQ
What is Rezolve AI's annual revenue?
Rezolve AI reported total revenue of $46.8 million for fiscal year 2025, which ended on September 30, 2025. That was up 2,224.2% from $2.0 million the previous year.
Is Rezolve AI profitable?
No. Rezolve AI reported a net loss of $101.4 million in fiscal 2025, a net profit margin of −216.7%; its operating margin was −185.6%.
What is Rezolve AI's gross margin?
Rezolve AI's gross margin was 66.0% in fiscal 2025: for every $100 of revenue, Rezolve AI kept $66 after the direct cost of its products and services.
How much does Rezolve AI spend on research and development?
Rezolve AI spent $11.2 million on research and development in fiscal 2025, 23.9% of revenue.
What are Rezolve AI's earnings per share?
Rezolve AI earned $-1.01 per diluted share in fiscal 2025, compared with $-0.30 a year earlier.
When does Rezolve AI's fiscal year end?
Rezolve AI's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on March 31, 2026.