NASDAQ : IVDA
Iveda Solutions, Inc. — Financial statements
Industrials · Security & Protection Services · United States
Last price 0.217 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.72M
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Financial statements
Iveda Solutions, Inc. (IVDA) reported revenue of 4.57M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 4.57M | 5.28M | 6.02M | 6.50M | 4.47M | 1.91M |
| Other Revenue | 5.45K | |||||
| Revenue | 4.57M | 5.28M | 6.02M | 6.50M | 4.47M | 1.92M |
| Cost of Revenue | 3.10M | 4.01M | 4.72M | 5.43M | 3.50M | 1.09M |
| Gross Profit | 1.47M | 1.27M | 1.30M | 1.07M | 963.50K | 832.25K |
| Selling, General & Admin | 4.39M | 4.33M | 5.01M | 4.31M | 4.29M | 3.56M |
| Research & Development | 214.07K | 170.80K | 363.35K | 797.11K | ||
| Operating Expenses | 4.61M | 4.50M | 5.37M | 5.11M | 4.29M | 3.56M |
| Operating Income | -3.13M | -3.23M | -4.07M | -4.04M | -3.33M | -2.73M |
| Interest Expense | -30.52K | -36.51K | -26.18K | -7.25K | -53.32K | -273.65K |
| Interest & Investment Income | 101.46K | 61.94K | 113.73K | 131.87K | 57.40K | 354.00 |
| Other Non Operating Income (Expenses) | 12.17K | 33.84K | 34.32K | -28.10K | -17.08K | -1.00 |
| EBT Excluding Unusual Items | -3.05M | -3.17M | -3.95M | -3.94M | -3.34M | -3.00M |
| Gain (Loss) on Sale of Investments | -180.00K | |||||
| Pretax Income | -3.05M | -3.17M | -3.95M | -4.12M | -3.34M | -3.00M |
| Income Tax Expense | 114.80K | 30.48K | 32.38K | 18.31K | 2.95K | |
| Net Income | -3.17M | -3.20M | -3.98M | -4.14M | -3.35M | -3.00M |
| Net Income to Common | -3.17M | -3.20M | -3.98M | -4.14M | -3.35M | -3.00M |
| Shares Outstanding (Basic) | 7.44M | 3.64M | 2.20M | 2.00M | 1.61M | 77.35M |
| Shares Outstanding (Diluted) | 7.44M | 3.64M | 2.20M | 2.00M | 1.61M | 77.35M |
| EPS (Basic) | -0.43 | -0.88 | -1.81 | -2.07 | -2.08 | -0.04 |
| EPS (Diluted) | -0.43 | -0.88 | -1.81 | -2.07 | -2.08 | -0.04 |
| Free Cash Flow | -2.93M | -2.03M | -4.42M | -3.42M | -5.42M | -2.00M |
| Free Cash Flow Per Share | -0.39 | -0.56 | -2.01 | -1.71 | -3.38 | -0.03 |
| Gross Margin | 32.22% | 24.11% | 21.62% | 16.43% | 21.56% | 43.40% |
| Operating Margin | -68.54% | -61.11% | -67.61% | -62.21% | -74.51% | -142.10% |
| Profit Margin | -69.23% | -60.57% | -66.12% | -63.77% | -74.87% | -156.35% |
| Free Cash Flow Margin | -64.12% | -38.40% | -73.45% | -52.63% | -121.36% | -104.11% |
| EBITDA | -3.11M | -3.21M | -4.04M | -4.02M | -3.31M | -2.71M |
| EBITDA Margin | -68.10% | -60.70% | -67.08% | -61.90% | -74.11% | -141.32% |
| D&A For EBITDA | 20.01K | 21.58K | 31.80K | 19.75K | 17.80K | 15.02K |
| EBIT | -3.13M | -3.23M | -4.07M | -4.04M | -3.33M | -2.73M |
| EBIT Margin | -68.54% | -61.11% | -67.61% | -62.21% | -74.51% | -142.10% |
| Revenue as Reported | 4.57M | 5.28M | 6.02M | 6.50M | 4.47M | 1.92M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.76M | 5.16M | 2.63M | 4.74M | 7.31M | 1.39M |
| Cash & Short-Term Investments | 4.76M | 5.16M | 2.63M | 4.74M | 7.31M | 1.39M |
| Accounts Receivable | 303.45K | 256.70K | 1.28M | 281.05K | 1.22M | 492.75K |
| Receivables | 303.45K | 256.70K | 1.28M | 281.05K | 1.22M | 492.75K |
| Inventory | 242.60K | 235.96K | 148.12K | 324.51K | 526.47K | 344.65K |
| Restricted Cash | 63.00K | 63.69K | 29.01K | 129.78K | 129.53K | 142.69K |
| Other Current Assets | 1.30M | 442.96K | 942.36K | 435.58K | 371.99K | 310.66K |
| Total Current Assets | 6.67M | 6.16M | 5.03M | 5.91M | 9.56M | 2.68M |
| Property, Plant & Equipment | 163.04K | 196.04K | 68.68K | 98.58K | 32.91K | 38.19K |
| Other Long-Term Assets | 153.76K | 76.19K | 84.42K | 298.16K | 267.39K | 273.42K |
| Total Assets | 6.98M | 6.43M | 5.18M | 6.31M | 9.86M | 2.99M |
| Accounts Payable | 503.48K | 459.31K | 730.30K | 379.95K | 360.39K | 62.89K |
| Accrued Expenses | 294.34K | 479.06K | 981.77K | 899.75K | 1.24M | 2.83M |
| Short-Term Debt | 314.54K | 159.50K | 427.02K | 348.77K | 398.41K | 50.00K |
| Current Portion of Long-Term Debt | 125.81K | 127.60K | 122.01K | 65.41K | 420.28K | |
| Current Portion of Leases | 44.06K | 41.63K | ||||
| Current Unearned Revenue | 1.93K | 195.00 | 36.79K | 29.21K | 35.30K | 58.21K |
| Total Current Liabilities | 1.28M | 1.27M | 2.30M | 1.66M | 2.10M | 3.43M |
| Long-Term Debt | 199.20K | 265.83K | 376.19K | 190.78K | 338.80K | |
| Long-Term Leases | 94.44K | 114.90K | ||||
| Total Liabilities | 1.58M | 1.65M | 2.67M | 1.66M | 2.29M | 3.76M |
| Common Stock | 125.00 | 59.00 | 28.00 | 20.00 | 150.00 | 97.00 |
| Additional Paid-In Capital | 63.37M | 61.40M | 55.96M | 54.07M | 52.50M | 40.73M |
| Retained Earnings | -57.70M | -56.37M | -53.18M | -49.20M | -44.71M | -41.36M |
| Comprehensive Income & Other | -263.22K | -249.17K | -280.21K | -221.42K | -220.64K | -143.49K |
| Total Common Equity | 5.41M | 4.78M | 2.51M | 4.65M | 7.57M | -777.28K |
| Shareholders' Equity | 5.41M | 4.78M | 2.51M | 4.65M | 7.57M | -777.28K |
| Total Liabilities & Equity | 6.98M | 6.43M | 5.18M | 6.31M | 9.86M | 2.99M |
| Total Debt | 778.05K | 709.47K | 925.22K | 348.77K | 654.59K | 809.09K |
| Net Cash (Debt) | 3.98M | 4.45M | 1.70M | 4.39M | 6.66M | 576.19K |
| Net Cash Per Share | 0.54 | 1.22 | 0.77 | 2.20 | 4.15 | 0.01 |
| Filing Date Shares Outstanding | 12.52M | 11.14M | 2.81M | 2.02M | 2.00M | 1.21M |
| Total Common Shares Outstanding | 12.52M | 5.88M | 2.81M | 2.02M | 1.88M | 1.21M |
| Working Capital | 5.38M | 4.89M | 2.73M | 4.25M | 7.46M | -750.08K |
| Book Value Per Share | 0.43 | 0.81 | 0.89 | 2.30 | 4.02 | -0.64 |
| Tangible Book Value | 5.41M | 4.78M | 2.51M | 4.65M | 7.57M | -777.28K |
| Tangible Book Value Per Share | 0.43 | 0.81 | 0.89 | 2.30 | 4.02 | -0.64 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.17M | -3.20M | -3.98M | -4.14M | -3.35M | -3.00M |
| Depreciation & Amortization | 20.01K | 21.58K | 31.80K | 19.75K | 17.80K | 15.02K |
| Loss (Gain) From Sale of Investments | 180.00K | |||||
| Stock-Based Compensation | 581.00K | 511.00K | 212.60K | 245.85K | 346.04K | 950.39K |
| Provision & Write-off of Bad Debts | 20.00K | |||||
| Other Operating Activities | 139.46K | |||||
| Change in Accounts Receivable | 1.04M | 1.02M | -996.59K | 930.80K | -785.97K | -266.14K |
| Change in Inventory | 32.32K | -87.84K | 176.40K | 199.12K | -214.90K | -122.79K |
| Change in Accounts Payable | -911.03K | -810.30K | 439.94K | -523.63K | -1.24M | 452.64K |
| Change in Other Net Operating Assets | -552.64K | 515.23K | -303.09K | -242.59K | -188.04K | -142.02K |
| Operating Cash Flow | -2.93M | -2.03M | -4.42M | -3.33M | -5.41M | -1.97M |
| Capital Expenditures | 1.20K | -2.61K | -85.59K | -14.16K | -24.51K | |
| Investment in Securities | -180.00K | |||||
| Investing Cash Flow | 1.20K | -2.61K | -265.59K | -14.16K | -24.51K | |
| Short-Term Debt Issued | 651.57K | 403.25K | 358.89K | |||
| Long-Term Debt Issued | 498.19K | 459.09K | ||||
| Total Debt Issued | 631.98K | 651.57K | 901.44K | 358.89K | 459.09K | |
| Short-Term Debt Repaid | -919.10K | -325.00K | -47.55K | -300.00K | -93.95K | |
| Long-Term Debt Repaid | -104.76K | -251.50K | -164.09K | |||
| Total Debt Repaid | -1.24M | -1.02M | -325.00K | -299.05K | -464.09K | -93.95K |
| Net Debt Issued (Repaid) | -604.50K | -372.29K | 576.45K | -299.05K | -105.20K | 365.14K |
| Issuance of Common Stock | 6.83M | 4.93M | 1.68M | 1.32M | 11.51M | 2.82M |
| Other Financing Activities | -214.00 | -65.87K | ||||
| Financing Cash Flow | 6.22M | 4.56M | 2.26M | 1.02M | 11.41M | 3.12M |
| Foreign Exchange Rate Adjustments | -91.59K | 31.04K | -48.05K | 1.78K | -56.62K | 9.76K |
| Net Cash Flow | 3.20M | 2.56M | -2.21M | -2.57M | 5.93M | 1.14M |
| Free Cash Flow | -2.93M | -2.03M | -4.42M | -3.42M | -5.42M | -2.00M |
| Free Cash Flow Margin | -64.12% | -38.40% | -73.45% | -52.63% | -121.36% | -104.11% |
| Free Cash Flow Per Share | -0.39 | -0.56 | -2.01 | -1.71 | -3.38 | -0.03 |
| Levered Free Cash Flow | -1.70M | -919.52K | -3.10M | -1.60M | -4.04M | -1.69M |
| Unlevered Free Cash Flow | -1.68M | -896.70K | -3.09M | -1.60M | -4.01M | -1.52M |
| Cash Interest Paid | 34.77K | 25.37K | 15.32K | 9.79K | 53.32K | 2.56K |
| Cash Income Tax Paid | 49.81K | 28.24K | 38.54K | 28.78K | ||
| Change in Working Capital | -388.34K | 638.03K | -683.33K | 363.71K | -2.43M | -78.31K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.72M | 4.93M | 11.16M | 10.19M | 8.31M | 167.97M |
| Enterprise Value | -1.27M | 2.41M | 8.26M | 4.80M | -382.91K | 167.72M |
| Last Close Price | 0.22 | 0.84 | 4.94 | 5.07 | 4.44 | 140.80 |
| Forward PE | 6.29 | 6.29 | 2.13 | 7.44 | ||
| PS Ratio | 0.59 | 0.94 | 1.85 | 1.57 | 1.86 | 87.58 |
| PB Ratio | 0.50 | 1.03 | 4.45 | 2.19 | 1.10 | -216.10 |
| P/TBV Ratio | 0.50 | 1.03 | 4.45 | 2.19 | 1.10 | |
| EV/Sales Ratio | 0.46 | 1.37 | 0.74 | 87.45 | ||
| Debt / Equity Ratio | 0.14 | 0.15 | 0.37 | 0.07 | 0.09 | -1.04 |
| Net Debt / Equity Ratio | -0.74 | -0.93 | -0.68 | -0.94 | -0.88 | 0.74 |
| Net Debt / EBITDA Ratio | 1.28 | 1.39 | 0.42 | 1.09 | 2.01 | 0.21 |
| Net Debt / FCF Ratio | 1.36 | 2.19 | 0.39 | 1.28 | 1.23 | 0.29 |
| Asset Turnover | 0.80 | 0.91 | 1.05 | 0.80 | 0.69 | 0.91 |
| Inventory Turnover | 11.98 | 20.87 | 19.97 | 12.76 | 8.05 | 3.83 |
| Quick Ratio | 3.94 | 4.27 | 1.70 | 3.03 | 4.06 | 0.55 |
| Current Ratio | 5.19 | 4.86 | 2.19 | 3.56 | 4.55 | 0.78 |
| Return on Equity (ROE) | -91.95% | -87.80% | -111.29% | -67.81% | -98.50% | |
| Return on Assets (ROA) | -34.45% | -34.75% | -44.30% | -31.24% | -32.39% | -80.47% |
| Return on Capital Employed (ROCE) | -55.00% | -62.50% | -141.30% | -86.90% | -42.90% | 621.60% |
| Earnings Yield | -196.24% | -64.81% | -35.68% | -40.66% | -40.27% | -1.79% |
| FCF Yield | -107.95% | -41.09% | -39.63% | -33.56% | -65.29% | -1.19% |
| Buyback Yield / Dilution | -185.73% | -65.19% | -10.38% | -24.34% | 97.92% | -9,471.36% |