AZIO on Nasdaq
AZIO AI HOLDINGS, INC.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-222.2%Gross margin3
-651.3%Operating margin3
-56.3%Net margin4
217.6%Revenue growth, 20253
-$116.8MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Medical supplies brought in 94% of the revenue AZIO AI HOLDINGS, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Medical supplies | $5.6M | |
| Electric Vehicles | $1.8M | $349.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue96¢$19.1M
- Research and development4¢$731.8K
Out of $5.9M in revenue.34 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales | $5.9M | $1.9M |
| Cost of sales | $19.1M | $1.4M |
| Gross profit | -$13.2M | $488.8K |
| General and administrative | $11.3M | $8.1M |
| Consulting | $65.3K | $70.0K |
| Research and development | $731.8K | $192.9K |
| Goodwill impairment | $10.1M | $0 |
| Impairment of intangible assets | $3.3M | $0 |
| Total operating expenses, net | $25.5M | $8.4M |
| Loss from operations | -$38.7M | -$7.9M |
| Interest income | $33.3K | $7.7K |
| Loss on conversions and changes in fair value of convertible notes | -$461.0K | -$634.0K |
| Other expense | -$18.1K | -$302.3K |
| Total other income | -$445.8K | -$928.6K |
| Loss before income taxes | -$39.1M | -$8.8M |
| Income tax expense | $0 | $0 |
| Net loss | -$39.1M | -$8.8M |
| Basic and diluted (in dollars per share) | -$11.54 | -$5.46 |
| Basic and diluted (in shares) | 3.4M shares | 1.6M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $359.0K | $1.9M | |
| Inventory, net | $0 | $6.4M | |
| Inventory deposits | $0 | $6.0M | |
| EPA fulfillment asset | $1.5M | $0 | |
| Prepaid expenses | $237.6K | $1.1M | |
| Other current assets | $188.1K | $101.8K | |
| Total current assets | $3.5M | $17.6M | |
| Property and equipment, net | $476.0K | $592.2K | |
| Right-of-use asset | $485.5K | $108.5K | |
| Goodwill | $0 | $10.1M | |
| Intangible assets, net | $0 | $4.0M | |
| Other non-current assets | $222.0K | $263.1K | |
| Total assets | $4.7M | $32.7M | |
| Accounts payable | $3.6M | $1.5M | |
| Deferred revenue | $1.5M | $4.2M | |
| EPA contract liability | $5.2M | $0 | |
| Accrued liabilities | $2.3M | $2.1M | |
| Operating lease liability - short-term | $229.9K | $235.6K | |
| Options liability, at fair value | $0 | $132.4K | |
| Debt - current | $505.8K | $3.6M | |
| Total current liabilities | $13.3M | $11.7M | |
| Operating lease liability - long-term | $306.9K | $0 | |
| Debt - long-term | $0 | $4.2K | |
| Total liabilities | $13.6M | $11.7M | |
| Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, 350,000,000 authorized, $0.00001 par value per share, 7,736,129 and 1,987,262 issued and outstanding as of December 31, 2025 and 2024, respectively | $78 | $20 | |
| Additional paid-in capital | $103.7M | $94.4M | |
| Accumulated deficit | -$112.6M | -$73.5M | |
| Total stockholders equity | -$8.9M | $20.9M | |
| Total liabilities and stockholders equity | $4.7M | $32.7M | |
| Preferred Stock, Shares Authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred Stock, Shares Outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, authorized (in shares) | 350.0M shares | 350.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 |
| Common stock, issued (in shares) | 7.7M shares | 2.0M shares | |
| Common stock, outstanding (in shares) | 7.7M shares | 2.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$39.1M | -$8.8M |
| Depreciation and amortization | $960.5K | $190.5K |
| Provision for bad debt | $853.2K | $10.1K |
| Stock based compensation expense | $639.8K | $1.9M |
| Goodwill impairment | $10.1M | $0 |
| Impairment of intangible assets | $3.3M | $0 |
| Loss on conversions and changes in fair value of convertible notes | $461.0K | $634.0K |
| Inventory write-down | $6.0M | $0 |
| Write-off of inventory deposits | $7.0M | $0 |
| Other | $0 | $28.1K |
| Inventory | $388.4K | $414.2K |
| Inventory deposits | -$2.5M | -$2.7M |
| Prepaid expenses | $892.4K | -$515.8K |
| Other current assets | -$86.3K | $101.6K |
| Other non-current assets | -$335.8K | $404.6K |
| Accounts payable | $2.1M | $709.3K |
| Accrued liabilities and deferred revenue | $3.4M | $4.8M |
| Other non-current liabilities | $301.2K | -$215.1K |
| Net cash used in operating activities | -$5.6M | -$3.5M |
| Purchase of property and equipment, net | -$176.8K | -$430.3K |
| Acquisition of Maddox Industries, net of cash | $0 | -$4.3M |
| Net cash used in investing activities | -$176.8K | -$4.7M |
| Proceeds from convertible notes | $4.8M | $2.6M |
| Proceeds from related party loan | $0 | $300.0K |
| Repayment of related party loan | $0 | -$300.0K |
| Proceeds from the issuance of Conrod convertible note | $0 | $901.0K |
| Proceeds from debt | $254.5K | $648.9K |
| Principal repayments on debt | -$479.2K | -$567.2K |
| Net cash provided by financing activities | $4.2M | $9.7M |
| Net change in cash, restricted cash and cash equivalents | -$1.6M | $1.5M |
| Cash paid for interest expense | $14.1K | $26.2K |
| Non-cash transfer of inventory deposits to EPA fulfillment asset | $1.5M | $0 |
| Non-cash transfer of deferred revenue to EPA contract liability | $5.2M | $0 |
| Conversion of short-term notes to common stock | $8.2M | $0 |
Former names
Recent filings
- Oct 9, 2026DEF 14A
- Sep 28, 20268-K
- Sep 18, 20263
- Sep 18, 2026PRE 14A
- Sep 17, 20268-K
- Sep 15, 20268-K/A
- Sep 14, 20268-K
- Sep 10, 20268-K
- Aug 28, 20268-K
- Aug 18, 202610-Q
- Aug 14, 2026NT 10-Q
- Jul 20, 2026D
- Jul 16, 20263
- Jul 16, 20264
- Jul 16, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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