Infobird Co., Ltd key statistics and ratios

In fiscal 2025, Infobird Co., Ltd had return on equity of -130.1%, an operating margin of -606.8%, debt equal to 0.0% of equity and a current ratio of 1.98. 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.

Infobird Co., Ltd: financial ratios, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	50.5%	56.2%	67.5%	23.5%	35.9%	55.3%	41.2%	29.5%
Operating margin	16.3%	33.1%	30.1%	−8.3%	−16.3%	<−999%	−120.6%	−606.8%
Net margin	13.0%	26.6%	27.5%	−143.9%	−294.0%	<−999%	−146.1%	−615.9%
Free-cash-flow margin	−7.1%	34.1%	9.8%	−79.3%	−95.0%	—	172.7%	−6.0%
Return on equity	—	—	70.7%	−121.0%	−149.7%	−8.9%	−3.4%	−130.1%
Return on assets	—	43.5%	29.5%	−62.4%	−54.8%	−6.5%	−3.2%	−110.6%
Asset turnover	—	1.64	1.07	0.43	0.19	0.01	0.02	0.18
Current ratio	—	0.81	0.97	1.66	1.14	86.79	2.63	1.98
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	6.2x	14.7x	20.9x	n/m	n/m	n/m	n/m	n/m
Effective tax rate	5.6%	11.7%	6.6%	—	—	—	—	—
R&D as % of revenue	16.0%	8.2%	13.1%	33.9%	60.4%	—	1.0%	1.1%
Capital spending as % of revenue	0.9%	0.5%	0.7%	1.1%	0.1%	—	53.5%	0.0%
Free cash flow ÷ net income	−54.6%	128.4%	35.6%	—	—	—	—	—

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

2 of 3 checks passed · December 31, 2025

What it owns · $23m

Short-term assets $10mLonger-term assets $14m

What it owes, and who funded it · $23m

Short-term liabilities $5mLonger-term liabilities $0mShareholders' equity $18m

Short-term assets cover short-term liabilities $10m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $10m short-term assets against $103,900 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$53m against $504,116 of interest.

From Infobird Co., Ltd'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

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

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

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Figures from Infobird Co., Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Infobird Co., Ltd.