AERGOTCSearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 31Also trades as AERGP
APPLIED ENERGETICS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.85+0.04 (+5.07%)
Close on Oct 19, 2026
- Market cap
- $195.67M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
54.0%+41.3 pts over 5 years
Operating margin
-3233.6%−255.1 pts over 5 years
Net margin
-3221.1%−1384.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -81.0% | -29.3% | +21.3% | – | |
| Gross profit | -73.7% | -37.1% | +62.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 370.1% | 529.7% | -374.0% | |
| Return on assets | -714.8% | -86.4% | -267.1% | |
| Current ratio | 0.00 | 1.87 | 8.29 | |
| Debt to equity | – | 0.59 | – | |
| Net debt to EBITDA | – | 0.44× | – | |
| Interest coverage | – | -24.8× | – | |
| Capex to revenue | – | – | 267.4% | |
| Diluted shares | 93M | 194M | 224M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Applied Energetics generated $24.92M from operations and spent $1.98M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$24.92M
Used
$1.98M
Capital expenditure$1.98M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3221.1%
×Asset turnover0.08×
×Equity multiplier1.40×
=Return on equity, FY2025-374.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3221.1% | 0.08× | 1.40× | -374.0% |
| FY2024 | -378.1% | 0.86× | 2.79× | -911.6% |
| FY2023 | -279.3% | 0.51× | 1.43× | -204.2% |
| FY2022 | -441.3% | 0.23× | 1.36× | -135.1% |
| FY2020 | -1836.3% | 0.05× | -6.13× | 529.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$14.87M
- Cash generatingOperating cash flow above zero-$9.24M
- Return on assets improvedROA up on the prior year-259.0% → -718.2%
- Earnings backed by cashOperating cash flow above net income-$9.24M vs -$14.87M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.91 → 8.29
- No dilutionShare count did not rise213M → 224M
- Gross margin improvedGross margin up on the prior year39.01% → 53.95%
- More efficientAsset turnover rose0.69 → 0.22