NASDAQ · Financial Statements

Neonode Inc. (NEON) Financial Statements

$0.75 NASDAQ: NEON Market Cap $12.65M

Neonode Inc. most recently reported annual revenue of $2.0M, net profit of $8.0M. Revenue declined at an average annual rate of 19.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Neonode Inc.: Revenue fell from $10.0M in 2016 to $2.0M in 2025, a change of -80.0% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from -50.4% to -391.5%, a shift of -341.1 percentage points; the most recent year shows net profit of $8.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$10.0M$10.0M$9.0M$7.0M$6.0M$6.0M$6.0M$4.0M$3.0M$2.0M
Operating Expenses$15.0M$16.0M$12.0M$12.0M$12.0M$13.0M$11.0M$10.0M$10.0M$10.0M
Operating Profit$-5.0M$-5.0M$-4.0M$-6.0M$-6.0M$-7.0M$-5.0M$-6.0M$-7.0M$-8.0M
Operating Margin-50.4%-53.5%-45.4%-86.2%-103.5%-121.8%-93.2%-149.8%-210.7%-391.5%
Other Income$0$0$0$0$0$0$0$1.0M$1.0M$16.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0$0$0
Profit Before Tax$-5.0M$-6.0M$-4.0M$-6.0M$-6.0M$-7.0M$-5.0M$-5.0M$-6.0M$8.0M
Tax$-7.0M$1.0M$-330,000$-660,000$-950,000$-2.0M$-2.3M$-2.3M$-260,000$-110,000
Net Profit$-5.0M$-5.0M$-3.0M$-5.0M$-6.0M$-6.0M$-5.0M$-10.0M$-6.0M$8.0M
EPS$-1.16$-0.89$-0.52$-0.66$-0.63$-0.61$-0.39$-0.66$-0.41$0.51
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.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0$1.0M$1.0M$0
Operating Expenses$2.0M$7.0M$3.0M$3.0M$2.0M$2.0M$2.0M$3.0M$-13.0M$3.0M$3.0M$3.0M
Operating Profit$-1.0M$-6.0M$-2.0M$-2.0M$-1.0M$-2.0M$-2.0M$-2.0M$14.0M$-2.0M$-2.0M$-2.0M
Operating Margin-149.6%-613.1%-231.7%-223.3%-146.2%-260.1%-383.0%-352.3%3211.6%-454.6%-337.5%-486.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-1.0M$-6.0M$-2.0M$-2.0M$-1.0M$-1.0M$-2.0M$-2.0M$14.0M$-2.0M$-2.0M$-2.0M
Tax$-3.4M$-340,000$-590,000$-660,000$1.0M$-340,000$550,000$0$0$-50,000$-50,000$-50,000
Net Profit$-1.0M$-6.0M$-2.0M$-2.0M$-1.0M$-2.0M$-2.0M$-2.0M$14.0M$-2.0M$-2.0M$-2.0M
EPS$-0.08$-0.39$-0.14$-0.11$-0.07$-0.10$-0.10$-0.11$0.85$-0.12$-0.11$-0.13

Over the 10 years reported for Neonode Inc., borrowings decreased from $2.0M in 2016 to $0 in 2025, cash stood at $25.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 13.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$10.0M$13.0M$13.0M$7.0M$17.0M$23.0M$21.0M$19.0M$18.0M$27.0M
Current Assets$8.0M$10.0M$10.0M$5.0M$15.0M$22.0M$21.0M$19.0M$18.0M$26.0M
Cash$3.0M$6.0M$7.0M$2.0M$10.0M$17.0M$15.0M$16.0M$16.0M$25.0M
Inventory$1.0M$1.0M$1.0M$1.0M$1.0M$3.0M$4.0M$1.0M$0$0
Receivables$2.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M$1.0M$1.0M$0
Fixed Assets$2.0M$3.0M$2.0M$2.0M$2.0M$1.0M$0$0$1.0M$1.0M
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$6.0M$5.0M$3.0M$4.0M$5.0M$3.0M$2.0M$2.0M$2.0M$2.0M
Current Liabilities$5.0M$4.0M$2.0M$3.0M$4.0M$3.0M$2.0M$2.0M$2.0M$2.0M
Borrowings$2.0M$4.0M$3.0M$1.0M$2.0M$1.0M$0$0$1.0M$0
Other Liabilities$3.0M$1.0M$1.0M$2.0M$3.0M$2.0M$2.0M$2.0M$1.0M$2.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$5.0M$9.0M$12.0M$6.0M$15.0M$24.0M$19.0M$17.0M$16.0M$25.0M

For Neonode Inc., operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $10.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-6.0M$-6.0M$-3.0M$-4.0M$-6.0M$-8.0M$-7.0M$-6.0M$-6.0M$-10.0M
Investing Cash Flow$-2.0M$-1.0M$0$0$0$0$0$0$0$19.0M
Financing Cash Flow$0$0$0$0$0$-15.0M$0$0$0$0
Net Cash Flow$0$2.0M$1.0M$-4.0M$8.0M$7.0M$-3.0M$1.0M$0$9.0M
Free Cash Flow$-7.0M$-6.0M$-3.0M$-4.0M$-6.0M$-8.0M$-7.0M$-6.0M$-6.0M$-10.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-0.60
FCF Yield-72.70%
Quick Ratio10.86
Interest Coverage—
Return 1Y-96.99%
Return 3Y-81.02%
Return 5Y-85.30%

Neonode Inc. (NEON) financials — frequently asked questions

What is Neonode Inc.'s annual revenue?

Neonode Inc. (NEON) reported annual revenue of $2.0M in its most recent fiscal year.

What is Neonode Inc.'s net profit?

Neonode Inc. (NEON) reported net profit of $8.0M in its most recent fiscal year.

What is NEON EV/EBITDA?

Neonode Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.60. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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