Wearable Devices Ltd. (WLDS) Income Statement
WLDS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWLDS revenue and net income
Where WLDS's revenue goes
2025Each bar shows an amount and its share of revenue. WLDS kept −1,253.0% of revenue as net income.
WLDS profit margins
WLDS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.9% | +143.2% | +62.6% | — |
| Gross profit | −136.5% | — | — | — |
| 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.
WLDS quarterly EPS vs estimates
Wearable Devices beat the analyst EPS estimate in 0 of the last 6 quarters.
WLDS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $647,000 | $522,000 | $82,000 | $45,000 | $142,000 | $57,000 | $242,000 |
| Cost of revenue | $678,000 | $437,000 | $62,000 | $25,333 | $15,500 | $9,000 | $21,000 |
| Gross profit | −$31,000 | $85,000 | $20,000 | $19,667 | $126,500 | $48,000 | $221,000 |
| Research & development | $3.5M | $3.0M | $3.3M | $2.3M | $1.4M | $743,000 | $787,000 |
| Sales, general & admin | $4.7M | $4.9M | $4.9M | $3.3M | $1.3M | $461,000 | $383,000 |
| Total operating expenses | $8.3M | $7.9M | $8.2M | $5.6M | $2.7M | $1.2M | $1.2M |
| Operating income | −$8.3M | −$7.8M | −$8.2M | −$5.6M | −$2.6M | −$1.2M | −$949,000 |
| Interest expense | — | $52,000 | — | $38,000 | $55,000 | $102,000 | $28,000 |
| Income before taxes | −$8.1M | −$7.9M | −$7.8M | −$6.5M | −$2.6M | −$1.3M | −$977,000 |
| Income taxes | $5,000 | $7,000 | −$99,895 | −$205,485 | −$225,558 | −$199,297 | $28,000 |
| Net income | −$8.1M | −$7.9M | −$7.8M | −$6.5M | −$2.6M | −$1.3M | −$977,000 |
| EBITDA | −$8.2M | −$7.7M | −$8.1M | −$6.4M | −$2.6M | −$1.1M | −$942,000 |
| EPS (diluted) | −$81.07 | −$9.25 | — | −$0.85 | −$0.05 | — | — |
| Gross margin | −4.8% | 16.3% | 24.4% | 43.7% | 89.1% | 84.2% | 91.3% |
| Operating margin | −1,287.8% | −1,498.1% | −9,982.9% | −12,342.2% | −1,811.3% | −2,028.1% | −392.1% |
| Net margin | −1,253.0% | −1,509.4% | −9,529.3% | −14,435.6% | −1,840.8% | −2,207.0% | −403.7% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $350,000 | $353,000 | $294,000 | $128,000 | $394,000 | $70,000 | $12,000 | $17,000 | $8,500 | $28,000 | $14,000 | $35,000 |
| Cost of revenue | $335,000 | $358,000 | $447,000 | $175,000 | $315,000 | $59,000 | $26,000 | $13,000 | $2,500 | $16,000 | $2,500 | $10,000 |
| Gross profit | $15,000 | −$5,000 | −$153,000 | −$47,000 | $79,000 | $11,000 | −$14,000 | $4,000 | $6,000 | $12,000 | $11,500 | $25,000 |
| Research & development | $2.7M | $2.0M | $1.5M | $1.3M | $1.6M | $2.2M | $1.6M | $1.3M | $663,500 | $944,000 | $472,000 | $1.0M |
| Sales, general & admin | — | — | $2.1M | $2.2M | $2.7M | $1.4M | $2.5M | $2.3M | $1.1M | $1.0M | $529,000 | $968,000 |
| Total operating expenses | $5.9M | $4.6M | $3.6M | $3.6M | $4.3M | $4.1M | $4.0M | $3.6M | $2.2M | $2.0M | $1.0M | $2.0M |
| Operating income | −$5.9M | −$4.6M | −$3.8M | −$3.6M | −$4.2M | −$4.1M | −$4.1M | −$3.6M | −$1.8M | −$2.0M | −$989,500 | −$2.0M |
| Interest expense | — | — | — | $63,000 | — | — | — | $40,000 | — | — | — | — |
| Income before taxes | −$5.5M | −$4.4M | −$3.7M | −$3.7M | −$4.2M | −$3.9M | −$3.9M | −$4.4M | −$2.2M | −$2.1M | −$1.0M | −$2.0M |
| Income taxes | $4,000 | — | $5,000 | $7,000 | — | — | $1 | — | — | — | — | — |
| Net income | −$5.5M | −$4.4M | −$3.7M | −$3.7M | −$4.2M | −$3.9M | −$3.9M | −$4.4M | −$2.2M | −$2.1M | −$1.0M | −$2.0M |
| EBITDA | −$5.8M | −$4.5M | −$3.7M | −$3.5M | −$4.2M | −$4.1M | −$4.0M | −$3.6M | −$1.8M | −$2.0M | −$984,000 | −$2.0M |
| EPS (diluted) | — | — | −$2.65 | −$9.25 | — | — | — | −$0.53 | — | −$0.14 | −$0.18 | −$0.05 |
| Gross margin | 4.3% | −1.4% | −52.0% | −36.7% | 20.1% | 15.7% | −116.7% | 23.5% | 70.6% | 42.9% | 82.1% | 71.4% |
| Operating margin | −1,676.3% | −1,295.8% | −1,278.2% | −2,811.7% | −1,071.3% | −5,902.9% | −33,783.3% | −21,029.4% | −21,029.4% | −7,067.9% | −7,067.9% | −5,617.1% |
| Net margin | −1,577.1% | −1,244.2% | −1,263.6% | −2,866.4% | −1,068.5% | −5,597.1% | −32,466.7% | −26,147.1% | −26,147.1% | −7,325.0% | −7,325.0% | −5,640.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WLDS's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WLDS financial results
In fiscal year 2025 (ended December 31, 2025), Wearable Devices reported revenue of $0.6 million, up 23.9% from the year before. It had a net loss of $8.1 million, a net profit margin of −1,253.0%. Diluted earnings per share came to −$81.07. Over five years revenue grew at an average rate of 62.6% a year.
See the WLDS stock overview for the latest quote and news, or the WLDS chart for price history and technical indicators.
WLDS income statement FAQ
What is Wearable Devices's annual revenue?
Wearable Devices reported total revenue of $0.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.9% from $0.5 million the previous year.
Is Wearable Devices profitable?
No. Wearable Devices reported a net loss of $8.1 million in fiscal 2025, a net profit margin of −1,253.0%; its operating margin was −1,287.8%.
What is Wearable Devices's gross margin?
Wearable Devices's gross margin was −4.8% in fiscal 2025: for every $100 of revenue, Wearable Devices kept $-5 after the direct cost of its products and services.
How much does Wearable Devices spend on research and development?
Wearable Devices spent $3.5 million on research and development in fiscal 2025, 541.6% of revenue.
How fast is Wearable Devices growing?
Revenue grew 62.6% a year on average over the last five fiscal years, from $0.1 million to $0.6 million.
What are Wearable Devices's earnings per share?
Wearable Devices earned $-81.07 per diluted share in fiscal 2025, compared with $-9.25 a year earlier.
When does Wearable Devices's fiscal year end?
Wearable Devices's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.