NASDAQ : XLAB
Exascale Labs Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 2.86 USD (Oct 30, 2026, 3:51 PM EDT) · Market cap 260.83M
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Financial statements
Exascale Labs Inc. (XLAB) reported revenue of 14.82M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Revenue | 14.82M | 14.82M | 7.02M | 1.32M |
| Cost of Revenue | 12.40M | 12.40M | 5.91M | 1.26M |
| Gross Profit | 2.42M | 2.42M | 1.11M | 55.57K |
| Selling, General & Admin | 1.73M | 1.73M | 1.35M | 535.96K |
| Research & Development | 5.49M | 5.49M | 2.80M | 1.37M |
| Operating Expenses | 7.22M | 7.22M | 4.15M | 1.90M |
| Operating Income | -4.80M | -4.80M | -3.04M | -1.85M |
| Other Non Operating Income (Expenses) | -7.36M | -7.36M | -4.61M | -3.11M |
| Pretax Income | -12.16M | -12.16M | -7.66M | -4.96M |
| Net Income | -12.16M | -12.16M | -7.66M | -4.96M |
| Net Income to Common | -12.16M | -12.16M | -7.66M | -4.96M |
| Free Cash Flow | -1.01M | -588.72K | ||
| Gross Margin | 16.31% | 16.31% | 15.75% | 4.21% |
| Operating Margin | -32.39% | -32.39% | -43.40% | -139.93% |
| Profit Margin | -82.05% | -82.05% | -109.18% | -375.73% |
| Free Cash Flow Margin | -14.44% | -44.63% | ||
| EBITDA | -4.79M | -4.79M | -3.04M | -1.84M |
| EBITDA Margin | -32.34% | -32.34% | -43.31% | -139.62% |
| D&A For EBITDA | 6.92K | 6.92K | 6.23K | 4.11K |
| EBIT | -4.80M | -4.80M | -3.04M | -1.85M |
| EBIT Margin | -32.39% | -32.39% | -43.40% | -139.93% |
| Advertising Expenses | 157.39K | 26.34K |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Cash & Equivalents | 2.69M | 2.69M | 4.23M | 969.63K |
| Cash & Short-Term Investments | 2.69M | 2.69M | 4.23M | 969.63K |
| Receivables | 1.11M | 1.11M | 152.54K | 123.33K |
| Other Current Assets | 2.72M | 2.72M | 2.92M | 3.28M |
| Total Current Assets | 6.52M | 6.52M | 7.30M | 4.37M |
| Property, Plant & Equipment | 12.84K | 12.84K | 19.60K | 23.70K |
| Long-Term Deferred Charges | 190.00K | 190.00K | ||
| Total Assets | 6.73M | 6.73M | 7.32M | 4.39M |
| Accounts Payable | 916.42K | 916.42K | 90.02K | 128.04K |
| Current Unearned Revenue | 1.07M | 1.07M | 432.76K | 95.33K |
| Other Current Liabilities | 29.90M | 29.90M | 19.80M | 9.66M |
| Total Current Liabilities | 31.89M | 31.89M | 20.32M | 9.88M |
| Total Liabilities | 31.89M | 31.89M | 20.32M | 9.88M |
| Common Stock | 15.00 | 15.00 | 15.00 | 15.00 |
| Additional Paid-In Capital | 220.64K | 220.64K | 220.64K | 67.37K |
| Retained Earnings | -25.38M | -25.38M | ||
| Comprehensive Income & Other | -13.22M | -5.56M | ||
| Shareholders' Equity | -25.16M | -25.16M | -13.00M | -5.49M |
| Total Liabilities & Equity | 6.73M | 6.73M | 7.32M | 4.39M |
| Net Cash (Debt) | 2.69M | 2.69M | 4.23M | 969.63K |
| Working Capital | -25.36M | -25.36M | -13.02M | -5.51M |
| Tangible Book Value | -25.16M | -25.16M | -13.00M | -5.49M |
| Machinery | 29.94K | 27.81K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Net Income | -7.66M | -4.96M | ||
| Depreciation & Amortization | 6.23K | 4.11K | ||
| Stock-Based Compensation | 153.27K | 21.10K | ||
| Other Operating Activities | 4.61M | 3.11M | ||
| Change in Accounts Receivable | -29.20K | -123.33K | ||
| Change in Accounts Payable | -38.02K | 128.04K | ||
| Change in Unearned Revenue | 337.43K | 95.33K | ||
| Change in Other Net Operating Assets | 1.60M | 1.16M | ||
| Operating Cash Flow | -1.01M | -560.91K | ||
| Capital Expenditures | -2.14K | -27.81K | ||
| Investing Cash Flow | -2.14K | -27.81K | ||
| Issuance of Common Stock | 4.28M | 1.28M | ||
| Financing Cash Flow | 4.28M | 1.28M | ||
| Net Cash Flow | 3.26M | 696.28K | ||
| Free Cash Flow | -1.01M | -588.72K | ||
| Free Cash Flow Margin | -14.44% | -44.63% | ||
| Levered Free Cash Flow | 9.02M | |||
| Unlevered Free Cash Flow | 9.02M | |||
| Change in Working Capital | 1.87M | 1.26M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Market Capitalization | 224.81M | 297.90M | ||
| Enterprise Value | 222.11M | 296.91M | ||
| Last Close Price | 2.84 | 10.43 | ||
| PS Ratio | 15.01 | 20.10 | ||
| PB Ratio | -11.84 | |||
| EV/Sales Ratio | 14.83 | 20.03 | ||
| Net Debt / Equity Ratio | 0.11 | 0.11 | 0.33 | 0.18 |
| Net Debt / EBITDA Ratio | 0.56 | 0.56 | 1.39 | 0.53 |
| Net Debt / FCF Ratio | 4.18 | 1.65 | ||
| Asset Turnover | 2.11 | 2.11 | 1.20 | |
| Quick Ratio | 0.12 | 0.12 | 0.22 | 0.11 |
| Current Ratio | 0.20 | 0.20 | 0.36 | 0.44 |
| Return on Assets (ROA) | -42.71% | -42.71% | -32.49% | |
| Return on Capital Employed (ROCE) | 19.10% | 19.10% | 23.40% | 33.60% |
| Earnings Yield | -5.47% | -4.08% |