Neonode 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 | $2.1M | $3.1M | $3.8M | $5.7M | $5.8M |
| Cost of revenue | $26,000 | $116,000 | $12,000 | $804,000 | $955,000 |
| Gross profit | $2.0M | $3.0M | $3.8M | $4.9M | $4.9M |
| Selling, general & administrative | — | $1.3M | $1.5M | $35,000 | — |
| Research and development | $3.8M | $3.4M | $3.8M | $4.0M | $3.5M |
| Operating expenses | $10.2M | $9.5M | $9.6M | $10.2M | $12.0M |
| Operating income | $7.4M | -$6.5M | -$5.7M | -$5.3M | -$7.1M |
| Interest expense | — | — | — | — | $15,000 |
| Pretax income | $8.0M | -$5.9M | -$5.0M | -$5.2M | -$7.1M |
| Income tax expense | -$9,000 | $15,000 | $115,000 | $118,000 | $146,000 |
| Net income | $8.5M | -$6.5M | -$10.1M | -$4.9M | -$6.5M |
| Balance Sheet | |||||
| Cash and equivalents | $25.4M | $16.4M | $16.2M | $14.8M | — |
| Current assets | $26.3M | $17.7M | $18.6M | $20.8M | $22.0M |
| Total assets | $26.9M | $18.4M | $19.0M | $21.2M | $23.0M |
| Current liabilities | $2.2M | $1.6M | $1.8M | $1.7M | $3.0M |
| Total liabilities | $2.2M | $1.9M | $1.9M | $1.8M | $3.2M |
| Stockholders' equity | $24.7M | $16.4M | $17.2M | $19.4M | $23.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.3M | -$5.6M | -$6.3M | -$6.8M | -$7.7M |
| Depreciation and amortization | $50,000 | $58,000 | $47,000 | $120,000 | $632,000 |
| Stock-based compensation | $0 | $3,000 | $58,000 | $122,000 | $157,000 |
| Capital expenditure | $91,000 | $37,000 | $123,000 | $52,000 | — |
| Free cash flow | -$10.3M | -$5.6M | -$6.4M | -$6.9M | — |
| Share repurchases | — | — | — | $12,000 | — |
| Impairments | — | $357,000 | $3.6M | — | — |
Shares outstanding 16.8M · Free float 67.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.