Co-diagnostics, Inc. income statement
In fiscal 2025, Co-diagnostics, Inc. reported revenue of $622,489, down 84.1% on the year before, operating income of −$50.2m (a -8058.8% margin) and net income of −$46.9m, or −$35.25 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 75 | 98 | 34 | 7 | 4 | 1 | 1 |
| Cost of revenue | 0 | 0 | 0 | 17 | 12 | 5 | 4 | 1 | 0 | 0 |
| Gross profit | 0 | 0 | 0 | 58 | 86 | 29 | 3 | 3 | 0 | 0 |
| Research and development | 1 | 1 | 1 | 3 | 15 | 17 | 23 | 21 | 19 | 20 |
| Selling and marketing | 0 | 1 | 1 | 5 | 13 | 7 | 7 | 4 | 2 | 2 |
| General and administrative | 3 | 4 | 3 | 8 | 12 | 14 | 14 | 16 | 9 | 8 |
| Operating income | −5 | −6 | −6 | 42 | 46 | −27 | −43 | −40 | −50 | −49 |
| Interest expense | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Income before tax | −7 | −6 | −6 | 43 | 46 | −19 | −38 | −38 | −49 | −49 |
| Income tax | — | — | — | 0 | 9 | −5 | −3 | 0 | −2 | −2 |
| Net income | −7 | −6 | −6 | 42 | 37 | −14 | −35 | −38 | −47 | −47 |
| Diluted EPS | −$0.63 | −$0.50 | −$0.37 | $1.52 | $1.23 | −$0.45 | −$1.20 | −$37.22 | −$35.25 | — |
| Diluted shares (average) | — | — | — | — | — | 1m | — | 1m | 1m | — |
| EBITDA | −5 | −6 | −6 | 42 | 46 | −26 | −41 | −39 | −49 | −48 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 0 | −0 | 0 | 0 | 0 | 0 | −0 | 0 |
| Research and development | 5 | 5 | 5 | 5 | 4 | 5 | 6 | 4 |
| Selling and marketing | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| General and administrative | 4 | 6 | 3 | 3 | 2 | 2 | 3 | 2 |
| Operating income | −10 | −12 | −9 | −8 | −7 | −27 | −9 | −6 |
| Income before tax | −10 | −11 | −8 | −8 | −7 | −26 | −9 | −6 |
| Income tax | 0 | −0 | 0 | 0 | −1 | −0 | 0 | 0 |
| Net income | −10 | −11 | −8 | −8 | −6 | −26 | −9 | −6 |
| Diluted EPS | −$0.16 | −$18.17 | −$3.52 | −$3.50 | −$2.40 | −$17.32 | −$2.03 | −$1.46 |
| EBITDA | −10 | −12 | −8 | −8 | −7 | −26 | −9 | −6 |
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