Freight Technologies, Inc. income statement
In fiscal 2025, Freight Technologies, Inc. reported revenue of $13.1m, down 4.9% on the year before, operating income of −$5.9m (a -45.1% margin) and net income of −$7.9m, or −$13.95 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 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 16 | 25 | 14 | 1 | 0 | 21 | 26 | 17 | 14 | 13 |
| Cost of revenue | 0 | 0 | 1 | 1 | 0 | — | — | — | — | — | — |
| Gross profit | 8 | 15 | 24 | 14 | 1 | 0 | — | — | — | — | — |
| Research and development | — | — | 0 | 4 | 0 | 0 | 0 | — | — | — | — |
| Selling and marketing | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| General and administrative | 2 | 1 | 3 | 12 | 2 | 4 | 3 | 4 | 3 | 2 | 2 |
| Operating income | 6 | 14 | 21 | −2 | −1 | −4 | −5 | −7 | −8 | −6 | −6 |
| Interest expense | — | — | — | — | — | — | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 7 | 16 | 25 | −6 | −62 | −9 | −8 | −8 | −9 | −6 | −8 |
| Income tax | 2 | 2 | 1 | −2 | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Net income | 6 | 14 | 24 | −4 | −62 | −9 | −8 | −8 | −9 | −6 | −8 |
| Diluted EPS | $0.01 | $0.03 | $0.06 | −$0.01 | −$0.14 | −$0.01 | −$1.05 | −$1.05 | −$194.89 | −$122.72 | −$13.95 |
| Diluted shares (average) | 400m | 400m | 418m | 442m | 442m | 641m | 8m | 8m | — | — | — |
| EBITDA | 6 | 14 | 21 | −2 | −1 | −4 | −5 | −7 | −8 | −6 | −5 |
| Quarter | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 |
|---|---|---|---|---|
| Revenue | 4,288 | 3,838 | 4,101 | 2,990 |
| Selling and marketing | 19 | 16 | 16 | 47 |
| General and administrative | 732 | 940 | 597 | 663 |
| Operating income | −2,084 | −1,705 | −1,464 | −1,471 |
| Interest expense | 173 | 232 | 135 | 208 |
| Income before tax | −2,256 | −1,914 | −1,599 | 668 |
| Income tax | — | 40 | 3 | 19 |
| Net income | −2,256 | −1,955 | −1,602 | 649 |
| Diluted EPS | −$10.76 | −$24.66 | −$0.73 | $0.02 |
| EBITDA | −1,974 | −1,595 | −1,360 | −1,364 |
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