Growth & profitability
- Revenue has declined 19.2% per year over the past 5 years.
- Operating margin has expanded, at 357.5% in the latest year.
NEON Financials Neonode Inc.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2M | $8M | 98.7% | 357.5% | -$10M | — | $25M |
| 2024 | $3M | -$6M | 96.3% | -210.6% | -$6M | — | $16M |
| 2023 | — | -$10M | — | — | -$6M | — | $16M |
| 2022 | — | -$5M | — | — | -$7M | — | $15M |
| 2021 | — | -$6M | — | — | — | — | — |
| 2020 | $6M | -$6M | 82.0% | -103.5% | -$6M | — | $10M |
| 2019 | $7M | -$5M | 89.7% | -86.2% | -$4M | — | $2M |
| 2018 | $8M | -$3M | 95.8% | -48.7% | -$3M | — | $7M |
| 2017 | $9M | -$5M | 90.9% | -63.1% | -$6M | — | $6M |
| 2016 | — | -$5M | — | — | -$7M | — | $3M |
| 2015 | — | -$8M | — | — | -$8M | — | $3M |
| 2014 | — | -$14M | — | — | -$12M | — | $6M |
| 2013 | — | -$13M | — | — | -$9M | — | $9M |
| 2012 | — | -$9M | — | — | -$4M | — | $9M |
| 2011 | — | -$17M | — | — | -$4M | — | $13M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $614000 | -$2M | 99.3% | -337.3% | -$2M | — | $23M |
| Dec '25 | $520000 | -$2M | 99.6% | -454.6% | -$6M | — | $25M |
| Sep '25 | $430000 | $14M | 97.9% | 3211.6% | -$2M | — | $12M |
| Jun '25 | — | -$2M | — | — | -$2M | — | $13M |
| Mar '25 | $513000 | -$2M | 98.2% | -383.0% | -$1M | — | $15M |
| Dec '24 | $655000 | -$2M | 92.1% | -260.2% | -$1M | — | $16M |
| Sep '24 | $838000 | -$1M | 97.3% | -146.2% | -$1M | — | — |
| Jun '24 | — | -$2M | — | — | — | — | — |
| Mar '24 | — | -$2M | — | — | — | — | $14M |
| Dec '23 | — | -$6M | — | — | -$2M | — | $16M |
| Sep '23 | $840000 | -$1M | 100.0% | -149.6% | -$2M | — | $18M |
| Jun '23 | — | -$2M | — | — | — | — | $20M |
| Mar '23 | — | -$1M | — | — | — | — | — |
| Dec '22 | — | -$1M | — | — | -$1M | — | $15M |
| Sep '22 | — | -$800000 | — | — | -$487000 | — | — |
| Jun '22 | — | -$2M | — | — | — | — | — |
| Mar '22 | — | -$1M | — | — | — | — | — |
| Dec '21 | — | -$2M | — | — | — | — | — |
| Sep '21 | — | -$2M | — | — | -$2M | — | $5M |
| Jun '21 | — | -$2M | — | — | -$1M | — | $7M |
Valuation over time
How the market has priced NEON against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 3.4× (Dec '25) to 1.8× (Jun '26).
- The price-to-sales ratio has fallen from 44.2× (Dec '24) to 7.4× (Jun '26).
P/E
P/S
Frequently asked questions
Is NEON growing its revenue and profit?
Over the past 5 years, Neonode Inc.'s revenue has declined 19.2% per year. These are computed facts, not advice.
How much debt does NEON have?
As of FY2025, Neonode Inc. reported — of total debt against $25M of cash.
What is NEON's profit margin?
In FY2025, gross margin was 98.7%, operating margin 357.5%, and net margin 411.9%.
What is NEON's P/E ratio?
As of Jun '26, Neonode Inc. traded at a price-to-earnings ratio of about 1.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.