AIFF FIREFLY NEUROSCIENCE, INC.

Overview and Growth

Fiscal 2025 results for FIREFLY NEUROSCIENCE, INC. combined $1.14M of revenue with net loss of $19.88M and an operating cash outflow of $8.19M. The $1.14M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 957.4% from $108.00K in fiscal 2024, increasing the company’s operating scale. Total assets stood at $10.48M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.11x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $645.00K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 56.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $8.86M operating loss before non-operating and tax effects. The operating loss equaled 775.5% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $19.88M, extending the operating result through all remaining items. Negative EBITDA totaled $8.68M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $19.88M, before the effect of income taxes. The reported income-tax provision was $5.00K, the amount recognized between pretax income and the final net-income result. The net loss equaled 260.3% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 189.8%. Compared with a $10.46M net loss in fiscal 2024, the current loss increased to $19.88M.

Liquidity and Capital Structure

The company held $10.48M of assets against $2.84M of liabilities and $7.64M of equity, revealing how the asset base was financed. The near-term balance sheet paired $4.03M of current assets with $2.82M of current liabilities at the reporting date. At 1.43x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Book equity represented 72.9% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 27.1% of total assets, quantifying the liability-funded share of the company’s resource base. Compared with $4.60M in fiscal 2024, the current asset base moved 127.7% and finished higher.

Cash Flow and Earnings Quality

Operating activities used $8.19M of cash, resulting in an operating cash outflow for the year. Cash absorbed by operations increased from $6.16M in fiscal 2024 to $8.19M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.