Financial Statements — CASI
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Cash & Equivalents | 5.63 | 13.47 | 17.08 | 47.11 |
| Short-term Investments | -- | -- | 12.01 | 2.76 |
| Accounts Receivable | 4.09 | 15.35 | 9.55 | 12.97 |
| Inventory | 1.60 | 5.25 | 15.88 | 6.14 |
| Total Current Assets | 13.46 | 39.58 | 59.34 | 73.42 |
| Property, Plant & Equipment | 6.97 | 7.87 | 9.24 | 11.83 |
| Intangible Assets | 0.22 | 0.24 | 1.84 | 1.06 |
| Total Non-current Assets* | 12.19 | 14.10 | 15.92 | 22.81 |
| Total Assets | 25.65 | 53.67 | 75.27 | 96.23 |
| Accounts Payable | 1.07 | 2.72 | 4.44 | 3.29 |
| Total Current Liabilities | 49.67 | 36.45 | 16.73 | 17.01 |
| Long-term Debt | -- | -- | 18.90 | -- |
| Total Non-current Liabilities* | 13.26 | 15.37 | 34.38 | 12.30 |
| Total Liabilities | 62.93 | 51.82 | 51.10 | 29.30 |
| Retained Earnings | (748.13) | (700.07) | (660.82) | (637.16) |
| Total Stockholder Equity | (37.28) | 1.85 | 24.17 | 44.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Total Revenue | 20.71 | 28.54 | 33.88 | 38.05 |
| Cost of Revenue | 10.64 | 17.39 | 13.83 | 15.83 |
| Gross Profit | 10.08 | 11.15 | 20.05 | 27.28 |
| Research & Development | 6.31 | 8.92 | -- | -- |
| Selling, General & Admin | 28.27 | 23.58 | 25.39 | 23.45 |
| Total Operating Expenses | 55.08 | 50.77 | 45.13 | 61.31 |
| Operating Income | (45.01) | (39.62) | (25.08) | (34.03) |
| Interest Expense | -- | -- | -- | 0.00 |
| Pretax Income | (45.87) | (38.07) | (26.29) | (37.43) |
| Tax Provision | -- | 0.00 | (0.08) | 1.98 |
| Net Income | (48.06) | (39.26) | (26.96) | (41.01) |
| Basic EPS | (2.59) | (2.56) | (2.02) | (3.01) |
| Diluted EPS | (2.59) | (2.56) | (2.02) | (3.01) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Operating Cash Flow | (20.75) | (29.22) | (19.97) | (21.09) |
| Capital Expenditures | 0.02 | 0.22 | 0.20 | 5.61 |
| Free Cash Flow* | (20.77) | (29.45) | (20.17) | (26.70) |
| Investing Cash Flow | 0.95 | 11.24 | (9.67) | 31.16 |
| Financing Cash Flow | 11.25 | 15.43 | (0.91) | (3.27) |
* Derived from reported values
