Neonode Inc. (NEON) Financial Statements
Industry: Electronic Components (Other)
In fiscal 2025, Neonode reported revenue of $2.1M, down 33.7% from $3.1M the year before. Net income was $8.5M (a 411.9% net margin). Gross margin was 98.7% and operating margin was 357.5%. Operating activities generated -$10.3M of cash, leaving -$10.4M of free cash flow. At fiscal year end, Neonode held $26.9M in total assets against $2.2M in total liabilities, including $25.4M of cash and equivalents.
Open the full interactive Neonode financials → Quarterly statements, key ratios, valuation history and price charts.
Neonode Key Stats
| Share Price | $0.83 |
|---|---|
| Market Cap | $13.9M |
| P/E Ratio | 1.6 |
| Revenue YoY Growth | -33.7% |
| 52-Week Range | $0.75 – $3.63 |
| Shares Outstanding | 16.8 million (basic, 2026 Q2) |
Neonode Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.0M | $5.8M | $5.7M | $4.4M | $3.1M | $2.1M |
| Cost of Goods Sold | — | — | — | — | $9.7M | $10.2M |
| Gross Profit | $4.9M | $4.9M | $4.9M | -$93,000 | $3.0M | $2.0M |
| Operating Income | -$6.2M | -$7.1M | -$5.3M | -$10.7M | -$6.5M | $7.4M |
| Pre-Tax Income | -$6.2M | -$7.1M | -$5.2M | -$10.0M | -$5.9M | $8.0M |
| Income Tax | $59,000 | $146,000 | $118,000 | $115,000 | $15,000 | -$9,000 |
| Net Income | -$5.6M | -$7.3M | -$4.9M | -$10.1M | -$6.5M | $8.5M |
| Diluted EPS | -$0.56 | -$610.40 | -$0.36 | -$0.66 | -$0.41 | — |
Neonode Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $430,000 | $520,000 | $614,000 | $477,000 |
| Net Income | $14.2M | -$2.1M | -$1.9M | -$2.1M |
Neonode Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.5M | — | — | $16.2M | $16.4M | $25.4M |
| Current Assets | $14.7M | $22.0M | $20.8M | $18.6M | $17.7M | $26.3M |
| Total Assets | $16.6M | $23.0M | $21.2M | $19.0M | $18.4M | $26.9M |
| Current Liabilities | $4.2M | $3.0M | $1.7M | $1.8M | $1.6M | $2.2M |
| Total Liabilities | $4.7M | $3.2M | $1.8M | $1.9M | $1.9M | $2.2M |
| Shareholders' Equity | $15.1M | $23.9M | $19.4M | $17.2M | $16.4M | $24.7M |
Neonode Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$5.8M | -$7.7M | -$6.8M | -$6.3M | -$5.6M | -$10.3M |
| Cash From Investing | -$58,000 | -$67,000 | -$52,000 | -$123,000 | $152,000 | $19.3M |
| Cash From Financing | $13.6M | $14.6M | $4.5M | $7.8M | $5.8M | -$11,000 |
| Free Cash Flow | -$5.8M | — | — | -$6.4M | -$5.6M | -$10.4M |
Figures from Neonode's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Neonode financials page for every line item.
Neonode Company Profile
| Ticker | NEON |
|---|---|
| Exchange | Nasdaq |
| Industry | Electronic Components (Other) |
| Headquarters | Stockholm |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000087050 |
Frequently Asked Questions
What was Neonode's revenue in fiscal 2025?
Neonode (NEON) reported revenue of $2.1M for fiscal 2025.
What is Neonode's annual revenue history?
Neonode's annual revenue by fiscal year: 2020: $6.0M; 2021: $5.8M; 2022: $5.7M; 2023: $4.4M; 2024: $3.1M; 2025: $2.1M.
What was Neonode's net income in fiscal 2025?
Neonode reported net income of $8.5M for fiscal 2025.
How much free cash flow did Neonode generate in fiscal 2025?
Neonode generated -$10.4M of free cash flow in fiscal 2025.
What was Neonode's revenue last quarter?
In its most recent reported quarter (2026 Q2), Neonode reported revenue of $477,000.
How many shares of Neonode are outstanding?
Neonode reported a weighted average of 16.8 million basic shares outstanding in 2026 Q2.
What is Neonode's market cap?
Based on its latest closing price, Neonode (NEON) has a market capitalization of about $13.9M.
When does Neonode's fiscal year end?
Neonode's fiscal year end, as registered with the SEC, is December 31.
Where is Neonode headquartered?
Neonode lists its business address in Stockholm in its SEC filings.