Xiao-I Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $12.3M | $71.9K | $188.0K | $48.2M | $32.5M | $13.9M |
| Cost of Revenue | $6.8M | $22.3M | $19.7M | $17.4M | $10.9M | $7.2M |
| Gross Profit | $5.5M | $48.0M | $39.4M | $30.8M | $21.6M | $6.6M |
| Gross Margin | 44.4% | 66,864.6% | 20,970.5% | 63.9% | 66.5% | 47.8% |
| Operating Expenses | ||||||
| Research & Development | $24.5M | $34.7M | $52.4M | $24.0M | $5.4M | $4.2M |
| SG&A Expense | $76.6M | $22.9M | $4.4M | $6.0M | $6.7M | $5.7M |
| Operating Income | $-96.6M | $-12.9M | $-21.9M | $-3.1M | $5.0M | $-7.9M |
| Operating Margin | -783.6% | -17,911.0% | -11,661.0% | -6.5% | 15.4% | -56.8% |
| Interest Expense | $453.0K | $258.6K | $633.9K | $1.0M | $816.0K | — |
| Pretax Income | $-101.8M | $-14.6M | $-23.2M | $-5.3M | $3.9M | $-7.3M |
| Income Tax Expense | — | — | $3.8M | $660.7K | $552.4K | $-235.9K |
| Net Income | $-101.2M | $-14.5M | $-26.5M | $-5.9M | $3.7M | $-7.1M |
| Net Margin | -821.1% | -20,185.4% | -14,075.8% | -12.2% | 11.3% | -50.9% |
| EPS (Basic) | $-2.44 | $-0.56 | $-1.12 | $-0.27 | $0.17 | $-0.31 |
| EPS (Diluted) | $-2.44 | $-0.56 | $-1.12 | $-0.27 | $0.16 | $-0.31 |
| Shares Outstanding (Basic) | 41.5M | 25.8M | 23.6M | 22.1M | 22.1M | 22.1M |
| Shares Outstanding (Diluted) | 41.5M | 25.8M | 23.6M | 22.1M | 22.4M | 22.1M |
| Dividends Per Share | — | — | — | — | — | — |