NASDAQ : RZLV
Rezolve AI PLC — Financial statements
Technology · Software - Infrastructure · United Kingdom
Last price 1.48 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 616.97M
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Financial statements
Rezolve AI PLC (RZLV) reported revenue of 171.27M 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 | |
|---|---|---|---|---|---|---|
| Revenue | 171.27M | 46.80M | 2.01M | 145.05K | 115.16K | 3.90M |
| Cost of Revenue | 82.49M | 15.92M | 192.83K | 34.79K | 745.04K | 1.74M |
| Gross Profit | 88.78M | 30.88M | 1.82M | 110.26K | -629.88K | 2.16M |
| Selling, General & Admin | 206.60M | 102.43M | 138.71M | 24.72M | 90.98M | 38.97M |
| Research & Development | 28.66M | 11.20M | 1.15M | |||
| Other Operating Expenses | 10.18M | -2.86M | 255.41K | 1.16M | 334.95K | |
| Operating Expenses | 271.29M | 117.73M | 140.34M | 26.12M | 91.55M | 39.43M |
| Operating Income | -182.51M | -86.86M | -138.52M | -26.01M | -92.18M | -37.26M |
| Interest Expense | -10.58M | -3.51M | -10.65M | -4.79M | -3.88M | -301.59K |
| Currency Exchange Gain (Loss) | -4.49M | 516.65K | 1.29M | -375.30K | -194.52K | -714.91K |
| Other Non Operating Income (Expenses) | -63.65M | -66.29M | 19.00M | 500.66K | 451.18K | 534.00K |
| EBT Excluding Unusual Items | -261.23M | -156.13M | -128.87M | -30.67M | -95.81M | -37.75M |
| Impairment of Goodwill | -44.44K | |||||
| Gain (Loss) on Sale of Investments | 5.65M | 5.65M | -14.82M | |||
| Other Unusual Items | 55.41M | 31.35M | -44.33M | |||
| Pretax Income | -205.75M | -119.14M | -173.21M | -30.67M | -110.67M | -37.75M |
| Income Tax Expense | -22.71M | -17.73M | 243.74K | 63.41K | 38.77K | -26.75K |
| Net Income | -183.04M | -101.41M | -173.45M | -30.74M | -110.71M | -37.72M |
| Net Income to Common | -183.04M | -101.41M | -173.45M | -30.74M | -110.71M | -37.72M |
| Shares Outstanding (Basic) | 352.68M | 267.98M | 163.67M | 151.26M | 927.81M | |
| Shares Outstanding (Diluted) | 352.68M | 267.98M | 163.67M | 151.26M | 927.81M | |
| EPS (Basic) | -0.52 | -0.38 | -1.06 | -0.20 | -0.12 | |
| EPS (Diluted) | -0.52 | -0.38 | -1.06 | -0.20 | -0.12 | |
| Free Cash Flow | -137.52M | -63.24M | -22.39M | -13.02M | -26.83M | -20.56M |
| Free Cash Flow Per Share | -0.39 | -0.24 | -0.14 | -0.09 | -0.03 | |
| Gross Margin | 51.84% | 65.98% | 90.42% | 76.02% | 55.41% | |
| Operating Margin | -106.56% | -185.59% | -6,879.37% | -17,929.06% | -80,045.58% | -954.36% |
| Profit Margin | -106.87% | -216.69% | -8,614.12% | -21,189.86% | -96,139.21% | -966.03% |
| Free Cash Flow Margin | -80.29% | -135.12% | -1,112.00% | -8,973.57% | -23,294.54% | -526.63% |
| EBITDA | -181.56M | -86.58M | -138.48M | -25.96M | -92.13M | -36.83M |
| EBITDA Margin | -106.00% | -185.00% | ||||
| D&A For EBITDA | 956.94K | 274.94K | 42.73K | 44.64K | 46.41K | 430.09K |
| EBIT | -182.51M | -86.86M | -138.52M | -26.01M | -92.18M | -37.26M |
| EBIT Margin | -106.56% | -185.59% | ||||
| Advertising Expenses | 5.55M | 907.99K | 144.58K | 635.17K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.15M | 111.11M | 9.73M | 10.44K | 39.38K | 2.69M |
| Cash & Short-Term Investments | 33.15M | 111.11M | 9.73M | 10.44K | 39.38K | 2.69M |
| Accounts Receivable | 78.29M | 39.18M | 703.71K | 12.53K | 8.86K | 1.06M |
| Other Receivables | 7.47M | 5.65M | 697.41K | 168.70K | 226.33K | 1.15M |
| Receivables | 85.76M | 44.83M | 1.40M | 181.24K | 833.60K | 2.21M |
| Inventory | 355.05K | |||||
| Prepaid Expenses | 8.39M | 6.95M | 278.73K | 130.31K | 214.51K | 572.12K |
| Other Current Assets | 5.65M | 12.06M | 2.61M | |||
| Total Current Assets | 200.35M | 174.95M | 14.02M | 321.99K | 1.09M | 5.83M |
| Property, Plant & Equipment | 19.13M | 3.50M | 22.32K | 79.59K | 111.00K | 242.94K |
| Long-Term Investments | 5.75M | 5.52M | ||||
| Goodwill | 308.71M | 168.40M | 8.99M | |||
| Other Intangible Assets | 360.50M | 239.20M | 6.75M | 2.13M | 450.45K | 7.32M |
| Other Long-Term Assets | 23.46M | 20.17M | 373.44K | |||
| Total Assets | 917.90M | 611.73M | 21.17M | 2.54M | 1.65M | 22.37M |
| Accounts Payable | 48.01M | 35.71M | 8.06M | 5.35M | 4.35M | 1.24M |
| Accrued Expenses | 17.25M | 20.48M | 9.48M | 4.14M | 2.46M | 1.88M |
| Short-Term Debt | 103.04M | 102.05M | 5.10M | 6.23M | 697.07K | 697.07K |
| Current Portion of Long-Term Debt | 22.31M | 2.33M | 29.62M | 31.22M | ||
| Current Portion of Leases | 1.95M | 1.98M | 46.24K | |||
| Current Income Taxes Payable | 622.50K | |||||
| Current Unearned Revenue | 33.16M | 46.50M | 1.17M | |||
| Other Current Liabilities | 179.85M | 52.40M | 9.00M | 9.88M | 179.08K | 15.06M |
| Total Current Liabilities | 405.58M | 262.07M | 62.44M | 56.82M | 7.69M | 18.92M |
| Long-Term Debt | 30.09M | 50.09M | 25.30M | 2.51M | ||
| Long-Term Leases | 13.73M | 827.04K | 35.42K | |||
| Long-Term Deferred Tax Liabilities | 53.43M | 28.25M | 1.77M | |||
| Other Long-Term Liabilities | 12.85M | 23.68M | 1.18M | 1.06M | ||
| Total Liabilities | 515.68M | 364.92M | 62.44M | 56.82M | 34.17M | 24.30M |
| Common Stock | 55.00K | 43.82K | 26.92K | 131.18K | 130.54K | 126.30K |
| Additional Paid-In Capital | 905.88M | 605.58M | 216.88M | 172.20M | 163.17M | 83.69M |
| Retained Earnings | -499.10M | -359.62M | -258.21M | -226.29M | -195.56M | -85.07M |
| Comprehensive Income & Other | -4.61M | 807.90K | 33.59K | -329.46K | -259.90K | -678.51K |
| Shareholders' Equity | 402.22M | 246.82M | -41.27M | -54.28M | -32.52M | -1.93M |
| Total Liabilities & Equity | 917.90M | 611.73M | 21.17M | 2.54M | 1.65M | 22.37M |
| Total Debt | 171.12M | 157.28M | 34.73M | 37.45M | 26.00M | 3.29M |
| Net Cash (Debt) | -137.97M | -46.17M | -25.00M | -37.44M | -25.96M | -598.29K |
| Net Cash Per Share | -0.39 | -0.17 | -0.15 | -0.25 | -0.03 | |
| Filing Date Shares Outstanding | 416.87M | 336.33M | 243.67M | 208.30M | 927.81M | |
| Total Common Shares Outstanding | 416.87M | 336.33M | 208.26M | 932.97M | 927.81M | |
| Working Capital | -205.23M | -87.12M | -48.42M | -56.50M | -6.60M | -13.10M |
| Book Value Per Share | 0.96 | 0.73 | -0.20 | -0.06 | -0.04 | |
| Tangible Book Value | -266.99M | -160.78M | -48.02M | -56.42M | -32.97M | -18.23M |
| Tangible Book Value Per Share | -0.64 | -0.48 | -0.23 | -0.06 | -0.04 | |
| Machinery | 3.84M | 407.59K | 195.43K | 182.28K | 194.87K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -183.04M | -101.41M | -173.45M | -30.74M | -110.71M | -37.72M |
| Depreciation & Amortization | 956.94K | 274.94K | 42.73K | 44.64K | 46.41K | 430.09K |
| Other Amortization | 24.89M | 6.69M | 183.58K | 197.80K | 929.74K | |
| Asset Writedown & Restructuring Costs | 68.92M | 63.35M | 90.67K | |||
| Loss (Gain) From Sale of Investments | 286.00 | -5.71M | 14.60M | |||
| Stock-Based Compensation | 42.51M | 9.61M | 86.65M | 8.73M | 60.03M | 17.72M |
| Provision & Write-off of Bad Debts | 334.95K | |||||
| Other Operating Activities | -55.78M | -37.81M | 63.43M | 5.17M | 3.61M | 996.97K |
| Change in Accounts Receivable | -34.41M | -18.53M | -632.12K | -3.68K | 712.55K | -1.05M |
| Change in Accounts Payable | 817.03K | 15.01M | 1.11M | 2.31M | 3.34M | 1.54M |
| Change in Unearned Revenue | -9.51M | 4.44M | 579.21K | |||
| Change in Other Net Operating Assets | 9.35M | 945.72K | -542.72K | 136.39K | 227.79K | -2.36M |
| Operating Cash Flow | -135.29M | -63.15M | -22.38M | -13.00M | -26.79M | -20.44M |
| Capital Expenditures | -2.23M | -90.22K | -8.26K | -14.38K | -36.85K | -117.94K |
| Cash Acquisitions | -129.46M | 4.70M | ||||
| Sale (Purchase) of Intangibles | -26.72M | -23.86M | -3.52M | -1.77M | ||
| Investment in Securities | -5.46M | -5.46M | ||||
| Investing Cash Flow | -177.28M | -24.71M | -3.53M | -1.78M | -36.85K | -117.94K |
| Short-Term Debt Issued | 6.62M | 4.37M | ||||
| Long-Term Debt Issued | 27.07M | 12.26M | 2.62M | 21.50M | 2.50M | |
| Total Debt Issued | 705.00 | 27.07M | 18.88M | 6.99M | 21.50M | 2.50M |
| Short-Term Debt Repaid | -4.74M | -1.15M | -250.00K | |||
| Long-Term Debt Repaid | -84.05M | -1.47M | ||||
| Total Debt Repaid | -84.99M | -88.79M | -2.63M | -250.00K | ||
| Net Debt Issued (Repaid) | -84.99M | -61.73M | 16.26M | 6.74M | 21.50M | 2.50M |
| Issuance of Common Stock | 514.80M | 266.41M | 20.28M | 7.97M | 2.50M | 2.53M |
| Other Financing Activities | -28.50M | -15.87M | -1.09M | |||
| Financing Cash Flow | 401.31M | 188.81M | 35.45M | 14.71M | 24.00M | 18.80M |
| Foreign Exchange Rate Adjustments | 1.95M | 423.50K | 38.53K | 42.40K | 177.29K | -84.44K |
| Net Cash Flow | 90.69M | 101.38M | 9.57M | -28.94K | -2.65M | -1.85M |
| Free Cash Flow | -137.52M | -63.24M | -22.39M | -13.02M | -26.83M | -20.56M |
| Free Cash Flow Margin | -80.29% | -135.12% | -1,112.00% | -8,973.57% | -23,294.54% | -526.63% |
| Free Cash Flow Per Share | -0.39 | -0.24 | -0.14 | -0.09 | -0.03 | |
| Levered Free Cash Flow | -11.13M | 9.77M | -5.53M | 1.28M | -8.17M | |
| Unlevered Free Cash Flow | -4.52M | 11.96M | 1.12M | 4.28M | -5.74M | |
| Cash Interest Paid | 7.10M | 3.00M | 114.97K | |||
| Cash Income Tax Paid | 847.79K | 111.79K | ||||
| Change in Working Capital | -33.76M | 1.86M | 512.61K | 2.44M | 4.28M | -1.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 608.63M | 773.74M | 657.74M | 86.94M | 209.58M | 202.75M |
| Enterprise Value | 746.59M | 799.44M | 703.11M | 112.90M | ||
| Last Close Price | 1.46 | 2.57 | 3.82 | 10.77 | 10.12 | 9.79 |
| PS Ratio | 3.55 | 16.53 | 326.65 | 599.41 | 1,819.92 | 51.92 |
| PB Ratio | 1.51 | 3.13 | -15.94 | -1.60 | -6.45 | -105.27 |
| EV/Sales Ratio | 4.36 | 17.08 | 349.19 | 778.37 | ||
| Debt / Equity Ratio | 0.42 | 0.64 | -0.84 | -0.69 | -0.80 | -1.71 |
| Net Debt / Equity Ratio | 0.34 | 0.19 | -0.61 | -0.69 | -0.80 | -0.31 |
| Net Debt / EBITDA Ratio | -0.76 | -0.53 | -0.18 | -1.44 | -0.28 | -0.02 |
| Net Debt / FCF Ratio | -1.00 | -0.73 | -1.12 | -2.88 | -0.97 | -0.03 |
| Asset Turnover | 0.34 | 0.15 | 0.17 | 0.07 | 0.01 | |
| Quick Ratio | 0.29 | 0.59 | 0.18 | 0.00 | 0.04 | 0.26 |
| Current Ratio | 0.49 | 0.67 | 0.23 | 0.01 | 0.14 | 0.31 |
| Return on Equity (ROE) | -94.36% | -98.67% | ||||
| Return on Assets (ROA) | -22.86% | -17.15% | -730.43% | -776.69% | -479.64% | |
| Return on Capital Employed (ROCE) | -35.60% | -24.80% | 335.60% | 47.90% | 1,526.30% | -1,080.00% |
| Earnings Yield | -35.55% | -13.11% | -26.37% | -35.35% | -52.83% | -18.60% |
| FCF Yield | -22.59% | -8.17% | -3.40% | -14.97% | -12.80% | -10.14% |
| Buyback Yield / Dilution | -72.94% | -63.73% | -8.21% | 83.70% |