The company exhibits structural margin deficits, highlighted by a -60.1% gross margin in 2026Q1, indicating that production costs consistently outpace revenue generation.
| Sales/Revenue | 398.57K | 0 | 152.13K | 2.09M | 1.44M | 376.67K | 692.46K |
| Revenue Growth % | 580.41% | -100% | -92.71% | 44.79% | 282.42% | -45.6% | - |
| Cost of Goods Sold | 806.72K | 181.37K | 2.21M | 5.7M | 4.86M | 1.77M | 2.77M |
| COGS % of Revenue | - | - | 1449.76% | 273.09% | 337.37% | 468.92% | 400.68% |
| Gross Profit | -408.15K | -181.37K | -2.05M | -3.61M | -3.42M | -1.39M | -2.08M |
| Gross Margin % | -102.4% | - | -1349.76% | -173.09% | -237.37% | -368.92% | -300.68% |
| Gross Profit Growth % | - | 91.17% | 43.12% | -5.58% | -146.05% | 33.26% | - |
| Operating Expenses | 22.51M | 18.2M | 11.1M | 18.23M | 10.58M | 8M | 7.96M |
| OpEx % of Revenue | - | - | 7294.92% | 873.92% | 734.41% | 2122.72% | 1149.95% |
| Selling, General & Admin | 22.99M | 18.02M | 9.28M | 12.76M | 6.03M | 5.53M | 4.86M |
| SG&A % of Revenue | - | - | 6097.36% | 611.98% | 418.8% | 1468.74% | 701.76% |
| Research & Development | 57.5K | 174.56K | 1.82M | 5.46M | 4.55M | 2.46M | 3.1M |
| R&D % of Revenue | - | - | 1197.56% | 261.93% | 315.6% | 653.98% | 448.19% |
| Other Operating Expenses | -542.66K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -22.7M | -18.38M | -13.15M | -21.84M | -14M | -9.39M | -10.05M |
| Operating Margin % | -5694.47% | - | -8644.68% | -1047.01% | -971.78% | -2491.64% | -1450.63% |
| Operating Income Growth % | - | -39.74% | 39.77% | -55.99% | -49.15% | 6.57% | - |
| EBITDA | -69.43M | -17.93M | -12.36M | -21.33M | -13.55M | -8.84M | -9.57M |
| EBITDA Margin % | -17420.1% | - | -8125.03% | -1022.75% | -940.5% | -2346.43% | -1381.53% |
| EBITDA Growth % | -564.51% | -45.06% | 42.05% | -57.45% | -53.28% | 7.61% | - |
| D&A (Non-Cash Add-back) | 112.17K | 446.45K | 790.53K | 505.9K | 450.5K | 546.94K | 478.5K |
| EBIT | -69.54M | -68.2M | -31.17M | -19.95M | -13.95M | -9.39M | -9.37M |
| Net Interest Income | -309.44K | -10.86M | -3.33M | -637.18K | -131.31K | 120.06K | -1.64M |
| Interest Income | 40.67K | 10.46K | 17.17K | 117.37K | 43.98K | 120.06K | 12.76K |
| Interest Expense | 207.69K | 10.87M | 3.35M | 754.55K | 175.29K | 0 | 1.65M |
| Other Income/Expense | -40.22M | -60.69M | -21.36M | 1.13M | -131.31K | 1.17K | -979.52K |
| Pretax Income | -62.92M | -79.07M | -34.52M | -20.71M | -14.13M | -9.38M | -11.02M |
| Pretax Margin % | -15786.45% | - | -22688.78% | -992.86% | -980.9% | -2491.33% | -1592.09% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -62.92M | -79.07M | -34.52M | -20.71M | -14.13M | -9.38M | -11.02M |
| Net Margin % | -15786.45% | - | -22688.78% | -992.86% | -980.9% | -2491.33% | -1592.09% |
| Net Income Growth % | -38.51% | -129.09% | -66.69% | -46.55% | -50.57% | 14.88% | - |
| Net Income (Continuing) | -62.92M | -79.07M | -34.52M | -20.71M | -14.13M | -9.38M | -11.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.53 | -2.25 | -5.91 | -6.26 | -7.96 | -9.41 | -11.10 |
| EPS Growth % | 61.87% | 61.93% | 5.59% | 21.36% | 15.41% | 15.23% | - |
| EPS (Basic) | - | -2.25 | -5.91 | -6.26 | -25.89 | -12.27 | -13.23 |
| Diluted Shares Outstanding | 118.23M | 31.91M | 5.84M | 4.96M | 3.27M | 5.98M | 5.96M |
| Basic Shares Outstanding | 118.23M | 31.91M | 5.84M | 4.96M | 3.27M | 4.59M | 5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Liquidity exhaustion and commercial failure
As reported in recent financial filings, Nuburu's revenue trajectory remains highly volatile, characterized by multiple quarters of -100% year-over-year growth, which suggests a fundamental disruption in the company's ability to maintain consistent commercial shipments or successfully execute on its project-based sales pipeline for industrial laser systems.
The recurring periods of zero revenue indicate that the company has yet to transition from a developmental phase to a repeatable commercial model. Investors should monitor whether this lack of top-line activity reflects a strategic pivot or an inability to secure necessary design wins within the competitive EV battery manufacturing sector.
Based on the provided income statement data, Nuburu consistently reports negative gross margins, including a -60.1% margin in 2026Q1, which implies that the cost of producing its specialized blue laser engines currently exceeds the revenue generated from their sale, if any, in the current period.
This persistent margin compression suggests that the company has not achieved the economies of scale required to absorb its high fixed-cost base of cleanroom operations and optical engineering. Without a significant increase in unit volume or a reduction in component procurement costs, the current margin profile appears unsustainable for a standalone manufacturing entity.
According to historical income statements, Nuburu maintains a significant SG&A burden relative to its negligible revenue, with quarterly operating expenses frequently exceeding $2 million, a trend that highlights the company's reliance on external capital to fund its ongoing research and administrative overhead requirements.
The high ratio of SG&A to revenue suggests that management is prioritizing long-term R&D and market development over immediate cost discipline. This structure warrants further investigation into whether the current expense run-rate is commensurate with the company's progress toward commercialization or if it represents an inefficient allocation of limited cash resources.
While the market may assign value to Nuburu's intellectual property in blue laser technology, the income statement reveals a company struggling with commercial viability, as evidenced by the consistent net losses and the absence of a clear path to positive operating cash flow in the near term.
Short-term observers may focus on the risk of liquidity exhaustion given the limited cash balance and the lack of revenue growth. The company's valuation appears to be decoupled from its fundamental performance, relying instead on the speculative potential for an acquisition or a breakthrough in EV battery welding applications.
Quick answers to the most common questions about buying BURU stock.
For fiscal year 2025, Nuburu, Inc. (BURU) reported total revenue of $0.0M. This represents a 100.0% decline compared to $0.7M in 2020.
Nuburu, Inc. (BURU) reported a net loss of $79.1M for the fiscal year ending 2025.