Focus Universal Inc. income statement

In fiscal 2025, Focus Universal Inc. reported revenue of $255,023, down 35.9% on the year before, operating income of −$4.9m (a -1918.8% margin) and net income of −$4.8m, or −$282.65 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

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Focus Universal Inc.: income statement, annual
Fiscal year	2014Mar 2014	2015Mar 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	16	20	1,122	898	308	1,460	1,679	1,434	354	987	398	255	753
Cost of revenue	5	11	867	726	138	1,342	1,395	1,137	331	381	388	290	—
Gross profit	11	9	255	172	170	118	284	297	23	60	10	−35	—
Research and development	—	—	202	208	222	255	257	220	1,060	1,324	1,382	920	707
General and administrative	—	41	256	256	452	1,113	1,269	1,362	2,074	1,718	2,116	2,075	—
Operating income	−21	−84	−467	−521	−1,584	−3,330	−2,704	−3,017	−5,206	−4,952	−6,200	−4,893	−4,900
Interest expense	—	0	0	81	—	—	—	—	—	—	—	—	—
Net interest income	—	—	0	−106	−441	2	−4	−38	4	38	41	70	−10
Income before tax	—	−84	−467	−626	−2,025	−3,176	−2,537	−3,221	−4,927	—	—	—	—
Income tax	0	0	0	1	0	0	0	0	0	0	0	0	—
Net income	−21	−84	−467	−626	−2,025	−3,176	−2,537	−3,221	−4,927	−4,718	−3,200	−4,788	−4,796
Diluted EPS	−$39.98	$0.00	−$0.40	−$0.80	−$2.00	−$3.20	−$2.40	−$3.20	−$319.83	−$311.83	−$190.70	−$282.65	—
Diluted shares (average)	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA	—	—	−466	−518	−1,556	−3,179	−2,542	−2,854	−5,039	−4,784	−6,127	−4,869	−4,680

US$ thousands unless shown otherwise. Fiscal quarters.

Focus Universal Inc.: income statement, quarterly
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	74	133	190	35	29	1	48	675
Cost of revenue	43	260	160	—	30	53	33	—
Gross profit	32	−127	31	−12	−2	−52	15	—
Research and development	309	434	372	467	288	−208	265	362
General and administrative	585	503	282	501	441	850	487	—
Operating income	−1,747	−2,008	−1,272	−1,543	−1,180	−899	−1,272	−1,550
Net interest income	14	38	22	12	6	30	40	−86
Net income	1,442	−1,961	−1,251	−1,506	−1,166	−864	−1,246	−1,519
Diluted EPS	$8.00	−$189.90	−$67.16	—	—	—	−$59.17	—
EBITDA	−1,741	−2,007	−1,266	−1,537	−1,174	−892	−1,265	−1,349

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Focus Universal Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Focus Universal Inc.