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SMX reported net income of −$174.59M in FY2025.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2025 | - | −$174.59M |
| 2024 | - | −$35.4M |
| 2023 | - | −$20.99M |
3 more years are on Measure
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Also filed under Specialty Business Services, ranked by how closely they sit beside SMX.
The assistant answers from what SMX has actually filed: 6 annual reports filed with the SEC and 3 Form 4 filings from the last year. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
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Cash flow breakdown
What the business generated, and where it went
Operating cash flow
−$17M 2025
Cash generated by the business itself
Free cash flow
−$11.34M 2024
Operating cash flow minus capital expenditure
Capital expenditure
$21K 2024
Spending on property, plant and equipment
SMX generated −$17M of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
A non-cash cost, added back above
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | −$17M | −$11.31M | −$12.48M | −$5.22M | −$3.91M | −$3.52M |
| Capital expenditure | - | $21K | $60K | $152K | $297K | $235K |
| Free cash flow | - | −$11.34M | −$12.54M | −$5.38M | −$4.21M | −$3.75M |
| Stock-based compensation | $114.21M | $3.66M | $3.27M | $306K | $484K | $483K |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 6 years and 0 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | $13K |
| Cost of revenue | - | - | - | - | - | $10K |
| Gross profit | - | - | - | - | - | $3K |
| Research and development | $11.23M | $3.06M | $2.71M | $1.9M | $2.04M | $1.69M |
| Operating income | −$146.29M | −$27.87M | −$36.74M | −$5.19M | −$4.97M | −$4.56M |
| Net income | −$174.59M | −$35.4M | −$20.99M | −$6.18M | −$4.94M | −$4.57M |
| Diluted EPS | -$0.82 | -$3,031.00 | -$202,900.00 | -$17,624.00 | -$0.03 | -$0.04 |
| Diluted shares | 206.85M | 10K | 1.26K | 351 | 666 | - |
| Gross margin | - | - | - | - | - | 23.08% |
| Operating margin | - | - | - | - | - | −35076.92% |
| Net margin | - | - | - | - | - | −35176.92% |
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | $41.44M | $43.53M | $51.16M | $11.29M | $10.34M | - |
| Current assets | $12.79M | $4.34M | $802K | $5.07M | $5.09M | - |
| Cash | $12.2M | $2.34M | $168K | $1.4M | $4.17M | $4.34M |
| Short-term investments | $17K | $30K | $87K | $72K | - | - |
Derived from SEC XBRL filings. Not investment advice.
See every filed year for SMX, quarter by quarter.
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Every annual statement SMX has filed is on this page as figures. Drawn to scale, a trend over the whole record is something you can see rather than something you have to add up.
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Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
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| Total liabilities |
|---|
| $22.11M |
| $21.14M |
| $18.92M |
| $9.13M |
| $2.45M |
| - |
| Current liabilities | $21.73M | $20.8M | $18.02M | $4.93M | $1.9M | - |
|---|
| Total debt | $5.75K | - | - | - | - | - |
|---|
| Shareholder equity | $19.33M | $22.39M | $32.24M | $2.16M | $7.89M | $6.44M |
|---|