undamentalytics Newsletter
Sign in

Firy Inc. key statistics and ratios

In fiscal 2025, Firy Inc. had return on equity of -49.4% and a net margin of -67.4%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−54.7%−19.7%−65.1%−49.4%−162.7%−66.6%−50.4%−67.4%−60.2%
Return on equity———−57.1%−98.9%−41.5%−24.4%−49.4%−72.1%
Return on assets—−60.7%−92.8%−28.8%−53.4%−19.9%−12.2%−21.1%−25.0%
R&D as % of revenue14.9%9.4%10.1%12.2%19.4%18.5%18.0%19.7%19.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · June 30, 2026
What it owns · $272m
Short-term assets $189mLonger-term assets $83m
What it owes, and who funded it · $272m
Short-term liabilities $184mLonger-term liabilities $3mShareholders' equity $84m
  • Short-term assets cover short-term liabilities $189m of assets due within a year against $184m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $189m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt $164m of cash against $129m of debt.
  • Debt below 40% of shareholders' equity Debt is 152% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 46% to 152% over five years.
  • A year's operating cash flow covers at least 20% of debt −$62m of operating cash flow against $129m of debt.
  • Operating profit covers interest at least five times over Operating income of −$63m against $15m of interest.

From Firy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

21 /100

Weak moat

How hard Firy's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -21.3% of total assets over 5 years.

  • Pricing power 19 / 20

    Gross margin has been a median 88.7%, moving by 2.9 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -72.7%; its worst year was -147.7%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -49.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: FIRY vs PAAIEXFY vs FIRYFIRY vs RDVT

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Firy 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 Firy Inc.