Innovative Eyewear Inc
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.7M | $1.6M | $1.2M | $659,788 | $690,670 |
| Cost of revenue | $2.1M | $1.4M | $1.3M | $716,077 | $542,416 |
| Gross profit | $567,451 | $215,190 | -$119,329 | -$56,289 | $148,254 |
| Research and development | $725,388 | $819,387 | $662,184 | $524,692 | $86,261 |
| Operating expenses | $9.1M | $8.1M | $6.7M | $5.5M | $3.4M |
| Interest expense | — | — | $3,036 | $105,171 | $39,433 |
| Net income | -$7.6M | -$7.8M | -$6.7M | -$5.7M | -$3.2M |
| Balance Sheet | |||||
| Cash and equivalents | $6.5M | $2.6M | $4.3M | $3.6M | $79,727 |
| Current assets | $9.4M | $9.2M | $5.6M | $4.2M | $644,327 |
| Total assets | $10.1M | $9.8M | $6.2M | $4.7M | $824,317 |
| Current liabilities | $1.0M | $737,718 | $624,486 | $600,005 | $616,801 |
| Total liabilities | $1.1M | $743,168 | $659,936 | $665,455 | $616,801 |
| Stockholders' equity | $9.1M | $9.1M | $5.6M | $4.0M | $207,516 |
| Cash Flow Statement | |||||
| Cash from operations | -$7.3M | -$6.7M | -$5.8M | -$3.2M | -$1.2M |
| Depreciation and amortization | $66,788 | $109,489 | $61,093 | $22,101 | $498 |
| Stock-based compensation | $738,170 | $774,788 | $936,769 | $1.5M | $1.3M |
| Capital expenditure | $72,513 | $62,203 | $78,463 | $121,561 | $20,782 |
| Free cash flow | -$7.3M | -$6.8M | -$5.8M | -$3.3M | -$1.2M |
Shares outstanding 6.4M · Free float 14.9%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.