SRAX, Inc (SRAX) Income Statement
SRAX 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsSRAX revenue and net income
Where SRAX's revenue goes
2024Each bar shows an amount and its share of revenue. SRAX kept −113.6% of revenue as net income.
SRAX profit margins
SRAX growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.3% | +62.6% | +23.0% | +23.4% |
| Gross profit | −17.1% | +44.9% | +22.4% | +32.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | −54.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SRAX quarterly EPS vs estimates
SRAX beat the analyst EPS estimate in 3 of the last 8 quarters.
SRAX income statement
| 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.9M | $26.7M | $28.6M | $6.5M | $3.6M | $9.9M | $23.3M | $35.8M | $30.3M | $5.1M |
| Cost of revenue | $9.4M | $6.3M | $6.3M | $2.6M | $1.7M | $3.2M | $9.3M | $23.2M | $14.4M | $2.8M |
| Gross profit | $18.4M | $22.3M | $22.3M | $6.1M | $1.9M | $6.7M | $14.0M | $12.5M | $15.9M | $2.3M |
| Research & development | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $14.0M | $19.5M | $19.5M | $16.4M | $18.6M | $18.4M | $17.0M | $16.6M | $14.8M | $6.1M |
| Total operating expenses | $14.4M | $20.3M | $26.6M | $17.7M | $19.8M | $18.4M | $17.0M | $16.6M | $14.8M | $6.1M |
| Operating income | $4.0M | −$85,000 | $2.0M | −$7.0M | −$17.9M | −$11.7M | −$3.0M | −$4.8M | $1.1M | −$3.7M |
| Interest income | — | $12,000 | $42,000 | $0 | $9,000 | $1.6M | $8.3M | $3.2M | $3.8M | — |
| Interest expense | $4.4M | $10.3M | $10.3M | $12.2M | $725,000 | $4.3M | $748,329 | $3.2M | $3.8M | $673,347 |
| Income before taxes | −$31.6M | −$16.3M | $2.0M | −$10.0M | −$16.9M | $8.9M | −$6.7M | −$4.2M | −$2.7M | −$4.4M |
| Income taxes | — | −$127,000 | −$127,000 | $21,000 | $726,000 | −$25.7M | $812,208 | $3.2M | $0 | $0 |
| Net income | −$31.6M | −$24.1M | $2.0M | −$14.7M | −$16.9M | $34.6M | −$7.5M | −$4.2M | −$2.7M | −$4.4M |
| EBITDA | −$28.5M | −$5.1M | $2.8M | $2.9M | −$15.0M | −$11.0M | −$8.6M | −$651,125 | $1.5M | −$3.7M |
| EPS (diluted) | $0.07 | −$0.19 | −$1.19 | −$0.33 | −$1.20 | $3.41 | −$1.08 | −$1.20 | −$0.46 | −$0.99 |
| Gross margin | 66.2% | 83.3% | 78.0% | 93.5% | 53.1% | 68.0% | 60.0% | 35.1% | 52.4% | 45.5% |
| Operating margin | 14.4% | −0.3% | 6.8% | −108.5% | −498.3% | −118.6% | −12.8% | −13.4% | 3.5% | −73.0% |
| Net margin | −113.6% | −90.2% | 6.8% | −227.0% | −470.4% | 350.4% | −32.0% | −11.9% | −9.0% | −86.2% |
| Jun '24 | Sep '23 | Jun '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3M | $5.3M | $7.7M | $7.5M | $9.6M | $7.7M | $7.5M | $5.3M | $8.3M | $7.7M | $5.4M | $4.5M |
| Cost of revenue | $232,000 | $942,000 | $4.0M | $2.8M | $2.1M | $4.0M | $2.8M | $1.6M | $1.8M | $1.5M | $1.6M | $1.2M |
| Gross profit | $7.1M | $4.4M | $3.8M | $4.7M | $7.5M | $3.8M | $4.7M | $3.7M | $6.5M | $6.2M | $3.8M | $3.3M |
| Sales, general & admin | $3.0M | $3.5M | $3.2M | $5.8M | $6.9M | $3.2M | $5.8M | $67,000 | $7.7M | $6.9M | $4.8M | $5.0M |
| Total operating expenses | $3.0M | $3.5M | $3.4M | $6.0M | $7.0M | $7.3M | $8.8M | $1.3M | $8.1M | $7.3M | $5.2M | $5.3M |
| Operating income | $4.1M | $860,000 | $389,000 | −$1.3M | $483,000 | $389,000 | −$1.3M | $4.0M | −$323,000 | −$1.1M | −$1.4M | −$2.0M |
| Interest income | — | — | — | $0 | $0 | $3,000 | $9,000 | $9,000 | $10,000 | $8,000 | $15,000 | $0 |
| Interest expense | $437,000 | $2.4M | $1.3M | $312,000 | $5.7M | $1.3M | $312,000 | $5.7M | $528,000 | $305,000 | $9.3M | $6.8M |
| Income before taxes | −$8.5M | −$3.8M | −$23.0M | $3.7M | $483,000 | −$23.0M | $3.7M | $6.3M | −$4.6M | −$6.0M | −$11.9M | $216,000 |
| Income taxes | $53,000 | $2.8M | $2.1M | −$312,000 | −$127,000 | — | — | — | $1.0M | $390,000 | $15.1M | $26,000 |
| Net income | −$8.5M | −$3.8M | −$23.0M | $3.7M | $483,000 | −$23.0M | $3.7M | −$14.1M | −$5.6M | −$6.0M | −$11.9M | $190,000 |
| EBITDA | −$8.0M | −$1.4M | −$21.6M | $4.3M | −$4.5M | −$21.6M | $4.3M | $399,000 | −$3.7M | −$5.2M | $3.5M | $7.4M |
| EPS (diluted) | $0.00 | $0.00 | −$0.21 | −$0.06 | $0.14 | −$0.07 | −$0.20 | −$0.20 | −$0.15 | −$0.04 | −$0.80 | — |
| Gross margin | 96.8% | 82.3% | 48.8% | 62.7% | 78.1% | 48.8% | 62.7% | 69.4% | 78.3% | 81.1% | 69.7% | 73.4% |
| Operating margin | 55.7% | 16.2% | 5.0% | −17.7% | 5.0% | 5.0% | −17.7% | 76.0% | −3.9% | −13.9% | −26.2% | −44.2% |
| Net margin | −116.2% | −71.9% | −298.2% | 49.7% | 5.0% | −298.2% | 49.7% | −267.4% | −67.6% | −78.3% | −219.5% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SRAX's financial statements (latest annual report filed September 20, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRAX financial results
In fiscal year 2024 (ended December 31, 2024), SRAX reported revenue of $27.9 million, up 4.3% from the year before. It had a net loss of $31.6 million, a net profit margin of −113.6%. Diluted earnings per share came to $0.07. Over five years revenue grew at an average rate of 23.0% a year.
See the SRAX stock overview for the latest quote and news, or the SRAX chart for price history and technical indicators.
SRAX income statement FAQ
What is SRAX's annual revenue?
SRAX reported total revenue of $27.9 million for fiscal year 2024, which ended on December 31, 2024. That was up 4.3% from $26.7 million the previous year.
Is SRAX profitable?
No. SRAX reported a net loss of $31.6 million in fiscal 2024, a net profit margin of −113.6%; its operating margin was 14.4%.
What is SRAX's gross margin?
SRAX's gross margin was 66.2% in fiscal 2024: for every $100 of revenue, SRAX kept $66 after the direct cost of its products and services.
How fast is SRAX growing?
Revenue grew 23.0% a year on average over the last five fiscal years, from $9.9 million to $27.9 million.
What are SRAX's earnings per share?
SRAX earned $0.07 per diluted share in fiscal 2024, compared with $-0.19 a year earlier.
When does SRAX's fiscal year end?
SRAX's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on September 20, 2024.