AMPX Amprius Technologies, Inc.

Overview and Growth

Fiscal 2025 results for Amprius Technologies, Inc. combined $73.01M of revenue with net loss of $44.02M and an operating cash outflow of $31.13M. The $73.01M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 202.1% above fiscal 2024 revenue of $24.17M, marking a year-over-year increase. The company reported diluted EPS of -$0.35, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 124.64M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. At period end, total assets were $156.89M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.47x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $8.26M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 11.3% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $46.65M after the reported operating expense base. An operating margin of -63.9% reflected costs exceeding revenue-level gross profit by 63.9% of sales. The company ended the period with a net loss of $44.02M, extending the operating result through all remaining items. Net margin was -60.3%, reflecting a loss equal to 60.3% of reported revenue. EBITDA was negative $42.28M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $44.02M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 60.3%. Income tax expense totaled $0.00, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 42.4% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 28.1%. The net loss narrowed to $44.02M from $44.67M in fiscal 2024.

Liquidity and Capital Structure

The company held $156.89M of assets against $53.08M of liabilities and $103.81M of equity, revealing how the asset base was financed. At period end, current assets of $126.44M compared with current liabilities of $17.87M, defining the company’s short-term resource position. Current assets covered current liabilities by 7.08x, leaving a positive buffer for near-term obligations. The company held $90.47M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 506.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 66.2% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 33.8% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 57.7%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 29.5% higher than fiscal 2024 assets of $121.12M, measuring the company’s own balance-sheet change. Against $69.47M of equity in fiscal 2024, the current book-equity balance moved 49.4% and ended higher. The reported cash balance changed 64.0% from $55.16M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $31.13M, showing that operations absorbed cash during the period. Capital expenditures used $4.40M 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 $35.53M cash deficit after capital spending. Free-cash-flow margin was -48.7%, reflecting a cash deficit equal to 48.7% of revenue after capital spending. The cash deficit after capital spending represented 22.6% of the period-end asset base.

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