Nexalin Technology, 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 | $301,647 | $168,721 | $110,748 | $1.3M | $144,065 |
| Cost of revenue | $61,373 | $36,593 | $25,688 | $363,212 | $21,442 |
| Gross profit | $240,274 | $132,128 | $85,060 | $958,145 | $122,623 |
| Selling, general & administrative | $4.4M | $4.2M | $1.9M | $1.5M | $5.2M |
| Research and development | $1.1M | $1.2M | $1.9M | $511,000 | $139,000 |
| Operating expenses | $8.6M | $7.9M | $5.8M | $2.8M | $6.1M |
| Operating income | -$8.4M | -$7.8M | -$5.7M | -$1.8M | -$6.0M |
| Interest expense | $8,240 | $3,193 | $38,835 | $59,382 | $82,319 |
| Pretax income | -$8.2M | -$7.6M | -$4.6M | — | — |
| Net income | -$8.2M | -$7.6M | -$4.6M | -$1.7M | -$6.1M |
| Balance Sheet | |||||
| Cash and equivalents | $654,783 | $574,485 | $580,230 | $162,743 | $661,778 |
| Current assets | $4.3M | $4.0M | $3.4M | $7.4M | $752,659 |
| Total assets | $4.6M | $4.2M | $3.6M | $7.4M | $753,698 |
| Current liabilities | $887,333 | $546,694 | $425,281 | $1.9M | $2.4M |
| Total liabilities | $887,333 | $546,694 | $425,281 | $2.0M | $2.4M |
| Stockholders' equity | $3.7M | $3.7M | $3.2M | $5.5M | -$1.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$5.0M | -$3.9M | -$3.8M | -$2.2M | -$1.1M |
| Depreciation and amortization | — | — | $503 | $535 | $537 |
| Stock-based compensation | $3.1M | $3.6M | $2.4M | $270,670 | $4.5M |
| Impairments | $0 | $0 | — | — | — |
Shares outstanding 20.6M · Free float 91.1%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.