FIREFLY NEUROSCIENCE, INC.
FIREFLY NEUROSCIENCE, INC.
FIREFLY NEUROSCIENCE, INC. (AIFF) — SEC Financial Statements & Analysis
FIREFLY NEUROSCIENCE, INC. (AIFF) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Current | |||||||||||||||||
Cash | - | 3 | 4 | 6 | 10 | 2 | 1 | - | - | 2 | - | - | |||||
Other Receivables Net Current | - | - | 0 | 0 | - | - | 0 | - | - | - | - | - | |||||
Cash And Cash Equivalents At Carrying Value | 3 | - | - | - | - | - | - | 0 | 1 | 1 | 1 | 0 | |||||
Accounts Receivable Net Current | 0 | 0 | - | - | 0 | 0 | - | 1 | 1 | 0 | 1 | 2 | |||||
Prepaid Expense Current | 1 | - | 1 | - | - | - | 1 | - | - | - | - | - | |||||
Prepaid Expense And Other Assets Current | 1 | 1 | - | 1 | 1 | 1 | - | 0 | 0 | 0 | 0 | 1 | |||||
Inventory Net | 0 | 0 | 0 | 0 | - | 0 | - | - | - | - | - | - | |||||
Assets Current | 4 | 4 | 5 | 8 | 10 | 3 | 3 | 1 | 2 | 2 | 3 | 3 | |||||
Assets Noncurrent | |||||||||||||||||
Operating Lease Right Of Use Asset | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Prepaid Expense Noncurrent | 0 | - | 1 | - | - | - | 1 | - | - | - | - | - | |||||
Prepaid Expense And Other Assets Noncurrent | 0 | 0 | - | 1 | 2 | 2 | - | - | - | 0 | - | - | |||||
Property Plant And Equipment Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Business Combination Contingent Consideration Asse… | - | - | - | - | - | - | - | - | - | - | - | 1 | |||||
Equity Method Investments | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Other Assets Noncurrent | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Intangible Assets Net Excluding Goodwill | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | |||||
Goodwill | 5 | 5 | 5 | 5 | - | 0 | - | 1 | 1 | 1 | 1 | 1 | |||||
Assets Noncurrent | 6 | 6 | 7 | 7 | 2 | 2 | 3 | - | - | 0 | - | - | |||||
Assets | 11 | 10 | 12 | 15 | 12 | 5 | 5 | 3 | 4 | 3 | 5 | 6 | |||||
Assets Held For Sale Not Part Of Disposal Group | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Liabilities Current | |||||||||||||||||
Lines Of Credit Current | - | - | - | - | - | - | - | 0 | 1 | 1 | 1 | 1 | |||||
Notes Payable Current | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Employee Related Liabilities Current | - | - | - | - | - | - | - | 1 | 1 | 1 | 1 | 1 | |||||
Accrued Sales Commission Current | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Accrued Income Taxes Current | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Other Accrued Liabilities Current | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 1 | |||||
Accounts Payable Trade Current | - | - | 1 | 2 | - | - | - | - | - | - | - | - | |||||
Accrued Liabilities Current | - | - | 1 | - | - | - | - | - | - | - | - | - | |||||
Accounts Payable Current | 1 | 1 | - | - | 2 | 2 | - | 1 | 1 | 1 | 0 | 1 | |||||
Contract With Customer Liability Current | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | |||||
Operating Lease Liability Current | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Convertible Debt Current | - | 0 | - | 0 | 0 | 1 | - | - | - | 0 | - | - | |||||
Business Combination Contingent Consideration Liab… | 0 | 0 | - | 0 | - | 0 | - | - | - | - | - | - | |||||
Derivative Liabilities Current | - | 0 | 0 | 0 | 0 | 1 | - | - | - | 0 | - | - | |||||
Liabilities Current | 2 | 3 | 3 | 3 | 7 | 5 | 3 | 2 | 2 | 3 | 2 | 3 | |||||
Operating Lease Liability Noncurrent | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Deferred Income Tax Liabilities Net | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities Noncurrent | |||||||||||||||||
Deferred Revenue Noncurrent | 0 | 0 | - | -0 | - | 0 | - | - | - | - | - | - | |||||
Liabilities | 2 | 3 | 3 | 3 | 7 | 5 | 3 | 2 | 2 | 3 | 2 | 4 | |||||
Contract With Customer Liability Noncurrent | 0 | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | - | 0 | 0 | 0 | 0 | - | - | 0 | - | - | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 122 | 119 | 119 | 118 | 110 | 87 | 86 | 37 | 37 | 77 | 36 | 36 | |||||
Retained Earnings Accumulated Deficit | -114 | -112 | -109 | -106 | -104 | -87 | -83 | -34 | -34 | -77 | -32 | -32 | |||||
Treasury Stock Common Value | - | - | - | - | - | - | - | -1 | -1 | -1 | -1 | -1 | |||||
Stockholders Equity | 8 | 8 | 10 | 12 | 5 | -0 | -3 | -1 | -0 | 0 | -1 | 3 | |||||
Accumulated Depreciation Depletion And Amortizatio… | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities And Stockholders Equity | 11 | 10 | 12 | 15 | 12 | 5 | 5 | 3 | 4 | 3 | 5 | 6 | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | - | - | - | - | - | - | - | 1 | 1 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | - | - | |||||
Preferred Stock Shares Authorized | 3 | 3 | 3 | 3 | 3 | 3 | 3 | - | - | 3 | - | - | |||||
Preferred Stock Shares Issued | 0 | 0 | - | 0 | 0 | 0 | 0 | - | - | 2 | - | - | |||||
Preferred Stock Shares Outstanding | 0 | 0 | - | 0 | 0 | 0 | 0 | - | - | 2 | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.001 | 0 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 5,000 | 5,000 | 100 | 100 | 100 | 5,000 | 300 | 300 | 300 | 259 | 300 | 300 | |||||
Common Stock Shares Issued | 30 | 28 | 27 | 27 | 23 | 24 | 25 | 22 | 22 | 22 | 21 | 21 | |||||
Shares Outstanding | 15 | 14 | 13 | 13 | 12 | 8 | 8 | 1 | 18 | 18 | 20 | 19 | |||||
Treasury Stock Common Shares | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 2 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.22% | -28.33% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 1.20% | -9.01% | -19.82% | -1.77% | 4.24% | -33.92% | -6.32% | -48.85% | -50.00% | 5.05% | -19.72% | -37.16% |
| 2024 | -26.51% | -38.59% | -28.19% | -41.52% | -50.24% | -48.49% | -1.88% | -17.55% | 3.13% | -10.11% | -2.81% | -23.03% |
| 2023 | -25.00% | -12.50% | 20.00% | -31.25% | -45.83% | -60.00% | 27.07% | 30.08% | 84.21% | -26.39% | 3.47% | -23.96% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.82 | 1.43 | 2.00 | 2.69 | 1.45 | 0.53 | 1.05 | 0.61 | 0.76 | 0.89 | 1.25 | 0.77 | |||||
| Quick Ratio | 1.35 | 1.04 | 1.66 | 2.19 | 1.34 | 0.39 | 0.52 | 0.54 | 0.66 | 0.88 | 1.08 | 0.61 | |||||
| Working Capital | 2.01M | 1.21M | 2.71M | 4.74M | 3.20M | -2.35M | 130.00K | -746.04K | -480.07K | -277.00K | 537.38K | -780.76K | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.29 | 0.37 | 0.28 | 0.23 | 1.38 | -13.27 | -0.91 | -1.59 | 1.20 | 23.23 | -2.31 | 1.39 | |||||
| Interest Coverage TTM | - | - | - | - | -1,063.76 | -476.27 | -257.23 | -95.31 | -40.92 | -29.81 | -18.77 | -22.70 | |||||
| Debt Ratio | 0.23 | 0.27 | 0.22 | 0.19 | 0.58 | 1.08 | 0.48 | 0.58 | 0.55 | 0.96 | 0.45 | 0.58 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.10 | 0.10 | 0.09 | 0.05 | 0.02 | 0.03 | -0.69 | -0.77 | -0.30 | 0.09 | 0.57 | 0.64 | |||||
| Days Sales Outstanding TTM | 45.63 | 78.75 | - | - | 1,150.18 | 346.41 | - | -125.82 | -266.54 | 627.96 | 88.97 | 114.70 | |||||
| Receivables Turnover TTM | 8.00 | 4.63 | - | - | 0.32 | 1.05 | - | -2.90 | -1.37 | 0.58 | 4.10 | 3.18 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | - | - | -1.57 | - | - | - | -0.50 | -0.28 | - | - | - | -1.31 | |||||
| Free Cash Flow Per Share TTM | -0.76 | -1.04 | -0.74 | -0.88 | -0.77 | -1.00 | -0.83 | -0.52 | -0.36 | -0.34 | -0.39 | -0.56 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 70.22% | 88.36% | -21.87% | -66.42% | -394.43% | 100.00% | -36.80% | -53.53% | -161.00% | 524.96% | 41.04% | 31.01% | |||||
| Operating Profit Margin TTM | -750.94% | -1,213.15% | -1,250.45% | -2,664.25% | -7,933.81% | -9,309.26% | 234.97% | 135.52% | 194.79% | -618.07% | -34.33% | -30.78% | |||||
| Net Profit Margin TTM | -1,160.84% | -3,360.41% | -2,705.87% | -5,335.75% | -16,020.14% | -9,270.32% | 193.30% | 93.48% | 116.78% | -522.69% | -181.52% | -180.40% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 743.17% | 575.93% | -121.42% | -111.68% | -108.42% | -78.31% | -159.15% | -143.31% | -116.20% | -95.48% | -46.90% | -37.91% | |||||
| Net Income Growth (1Y) | -38.90% | 145.02% | 199.90% | 566.62% | 1,055.58% | 284.63% | -37.00% | -77.56% | -88.68% | -85.34% | 16.16% | 202.33% | |||||
| EPS Growth (1Y) | -62.51% | 28.91% | 57.33% | 173.34% | 502.88% | 279.92% | -34.54% | -66.72% | -83.26% | -83.96% | 16.09% | 201.65% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -2.60 | -0.45 | -1.85 | -1.57 | -1.76 | -1.73 | -3.05 | -9.42 | -27.98 | -12.60 | -5.12 | -4.69 | |||||
| P/B | 4.19 | 1.43 | 4.07 | 2.96 | 7.55 | -46.26 | -7.76 | -26.55 | 31.56 | 300.78 | -55.83 | 27.37 | |||||
| P/S TTM | 30.18 | 15.00 | 50.16 | 83.77 | 281.52 | 160.64 | -5.89 | -8.80 | -32.68 | 65.83 | 9.29 | 8.47 | |||||
| Market Cap | 35.38M | 10.95M | 39.28M | 35.85M | 39.13M | 17.35M | 21.53M | 32.26M | 53.92M | 32.79M | 57.39M | 71.65M | |||||
| Enterprise Value | 32.25M | 8.20M | 34.95M | 29.93M | 29.59M | 16.23M | 20.30M | 32.31M | 53.86M | 32.60M | 57.11M | 72.49M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -12.35M | -12.91M | -9.97M | -11.16M | -7.62M | -6.56M | -5.86M | -2.68M | -1.86M | -2.17M | -2.88M | -4.32M | |||||
| Net Debt | -3.13M | -2.75M | -4.33M | -5.92M | -9.55M | -1.12M | -1.23M | 55.86K | -63.32K | -182.00K | -283.13K | 847.82K | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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