AKOM Aerkomm Inc.

Overview and Growth

Fiscal 2025 results for Aerkomm Inc. included net loss of $18.27M. On a per-share basis, diluted EPS was -$0.94, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 19.39M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 6.5% from 18.21M in fiscal 2024, leaving the current share base higher year over year. The company employed $69.97M of total assets, the balance-sheet base supporting its current operating and cash-flow results.

Profitability

The company recorded an operating loss of $15.20M after the reported operating expense base. After all below-operating-line items, the company recorded a net loss of $18.27M for the fiscal year. Negative EBITDA totaled $12.95M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $18.27M, establishing the deficit before tax effects. The company recognized $2.40K of income tax for the period, completing the transition from pretax income to net income. Relative to total assets, the net loss represented 26.1%. Compared with a $29.19M net loss in fiscal 2024, the current loss improved to $18.27M.

Liquidity and Capital Structure

Total assets were $69.97M, supported by $77.32M of liabilities and -$7.35M of shareholder equity. Equity was negative at -$7.35M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. Current assets were $6.55M against $77.09M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.08x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $72.58K, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 0.1%, excluding receivables and other current assets. The equity-to-assets relationship was -10.5%, placing book capital against the total resource base. The liabilities-to-assets relationship was 110.5%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 0.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 3.7% from $72.62M in fiscal 2024, leaving current total assets lower year over year. Against $8.20M of equity in fiscal 2024, the current book-equity balance moved 189.6% and ended lower. Cash and equivalents were 33.6% lower than fiscal 2024 cash of $109.23K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $5.64M, rather than cash generation from operations. Capital expenditures used $16.48K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Operating cash flow and capital spending combined to leave a $5.65M cash deficit after capital spending. The free-cash-flow deficit equaled 8.1% of total assets, placing the cash shortfall against the company’s resource base. The operating cash outflow narrowed to $5.64M from $5.65M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.