OTC · Financial Statements

FullNet Communications, Inc. (FULO) Financial Statements

$0.35 OTC: FULO Market Cap $6.89M

FullNet Communications, Inc. most recently reported annual revenue of $5.0M, net profit of $1.0M. Revenue grew at an average annual rate of 4.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

FullNet Communications, Inc.: Revenue rose from $2.0M in 2016 to $5.0M in 2025, a change of +150.0% over 9 years; net profit was positive in 6 of 10 reported years; operating margin moved from 0.5% to 15.8%, a shift of +15.3 percentage points; the most recent year shows net profit of $1.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.0M$2.0M$2.0M$2.0M$4.0M$4.0M$4.0M$4.0M$5.0M$5.0M
Operating Expenses$2.0M$2.0M$2.0M$2.0M$3.0M$3.0M$3.0M$4.0M$4.0M$4.0M
Operating Profit$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Operating Margin0.5%4.2%-0.7%13.2%20.9%28.4%19.4%12.2%12.9%15.8%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Tax$-170.3M$0$0$37.0M$-46.3M$25.2M$25.5M$19.4M$27.4M$21.1M
Net Profit$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
EPS$0.00$0.00$0.02$0.01$0.06$0.04$0.03$0.02$0.02$0.03
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Operating Expenses$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Operating Profit$0$0$0$0$0$0$0$0$0$0$0$0
Operating Margin17.3%11.2%4.0%7.8%19.6%18.4%5.9%18.5%21.5%18.6%5.2%14.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$0$0$0$0$0$0$0$0$0$0$0
Tax$25.4M$25.7M$-24.4M$27.2M$30.4M$25.1M$26.4M$24.2M$13.7M$25.0M$25.2M$24.7M
Net Profit$0$0$0$0$0$0$0$0$0$0$0$0
EPS$0.01$0.01$0.00$0.00$0.01$0.01$0.00$0.01$0.01$0.01$0.00$0.01

Over the 10 years reported for FullNet Communications, Inc., cash stood at $3.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.50 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$0$0$0$1.0M$2.0M$3.0M$3.0M$3.0M$3.0M$4.0M
Current Assets$0$0$0$1.0M$1.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Cash$0$0$0$1.0M$1.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$0$0$0$0
Fixed Assets$0$0$0$1.0M$1.0M$0$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Current Liabilities$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Borrowings$0$0$0$1.0M$1.0M$0$0$0$0$0
Other Liabilities$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$-1.0M$-1.0M$-1.0M$0$1.0M$1.0M$1.0M$2.0M$1.0M$2.0M

For FullNet Communications, Inc., operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was $1.0M; free cash flow was positive in 6 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Investing Cash Flow$0$0$0$0$0$0$0$0$0$0
Financing Cash Flow$0$0$0$0$0$0$0$0$0$0
Net Cash Flow$0$0$0$0$1.0M$1.0M$0$0$0$0
Free Cash Flow$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.06
EV / EBITDA5.72
FCF Yield12.99%
Quick Ratio1.38
Interest Coverage—
Return 1Y2.76%
Return 3Y59.33%
Return 5Y28.88%

FullNet Communications, Inc. (FULO) financials — frequently asked questions

What is FullNet Communications, Inc.'s annual revenue?

FullNet Communications, Inc. (FULO) reported annual revenue of $5.0M in its most recent fiscal year.

What is FullNet Communications, Inc.'s net profit?

FullNet Communications, Inc. (FULO) reported net profit of $1.0M in its most recent fiscal year.

What is FULO EV/EBITDA?

FullNet Communications, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 5.72.

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