Atomera Incorporated

ATOM Technology Semiconductor Equipment & Materials

Atomera Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $65,000.00, down 51.9% from fiscal 2024. In the quarter to June 2026, revenue grew 3,850.0%, EPS was flat and free cash flow fell 11.3%, each against the same quarter a year earlier.

3.09 0.24 −7.21%
Market cap
$129.8M
P/E
0.0×
Fwd P/E
−17.6×
Dividend yield
—
F-score
n/a
Altman Z
−3.26
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 1.89
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 3 — 1 3 — — 7 1 1 3 —
Insider Ownership 4.44%

Capital & Financial Ratios $m

Market Cap 129.75
Revenue 0.23
Net Income (22.41)
Free Cash Flow (15.15)
Net Debt (38.35)
Current Ratio 17.02 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (17.60) (negative: loss-making)
P/S ratio 519.21 (above 10: high)
P/B ratio 3.22
Past 5Y EPS Growth —
This Y EPS Growth 26.15% (at or above 15%: strong)
Next Y EPS Growth 5.36%
Next Y revenue growth 361.54% (at or above 10%: strong)
Next 5Y EPS Growth 20.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 57.17%
10-year low 10-year high
P/B against its own 10 years 17.94%
10-year low 10-year high
EV/Sales against its own 10 years 51.44%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20 27 19 38
Receivables 1 0 0 0
Inventory — — — —
Other — — — —
20 27 20 39
2023 2024 2025 Q'26
Payables 1 0 1 1
ST’ Debt — — — —
Other — — — —
4 4 2 2

Compound Annual Growth %

10y 5y 3y
Sales — 0.95% (44.59%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (13.22%) (3.28%)

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 0 — 0 0 0
’24 0 0 0 0 0
’23 — — — — 1
’22 0 — 0 0 0
’21 0 — — — 0
’20 0 — — — 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) (4) — — —
’25 (5) (4) (3) (3) (15)
’24 (4) (3) (3) (3) (13)
’23 (4) (4) (3) (3) (15)
’22 (4) (3) (3) (3) (12)
’21 (4) (3) (3) (3) (12)
’20 (4) (3) (3) (3) (12)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) (4) — — —
’25 (5) (4) (3) (3) (15)
’24 (4) (3) (3) (3) (13)
’23 (4) (4) (3) (3) (15)
’22 (4) (3) (3) (3) (13)
’21 (4) (3) (3) (3) (13)
’20 (4) (3) (3) (3) (12)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.17) (0.17) — — —
’25 (0.17) (0.17) (0.17) (0.14) (0.65)
’24 (0.19) (0.16) (0.17) (0.16) (0.68)
’23 (0.21) (0.21) (0.20) (0.18) (0.80)
’22 (0.18) (0.20) (0.20) (0.18) (0.75)
’21 (0.16) (0.17) (0.19) (0.18) (0.70)
’20 (0.22) (0.21) (0.19) (0.19) (0.79)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 6.00 2.45 2.33 2.46 2.53 13.23 5.75 4.96 2.31 1.89

Analyst estimates 2026–2028

Powerpack
High 10.25 7.64 8.00 5.84 16.50 47.13 21.28 10.72 14.55 17.55
People
People Employees 15 16 17 17 21 19 21 21 20 21
Revenue/emp, $m 0.00 0.01 0.01 0.03 0.00 0.02 0.02 0.03 0.01 0.00
Income, $m
Income, $m Revenue — 0 0 1 0 0 0 1 0 0
Gross margin, % 0.00 64.55 39.84 52.53 79.03 100.00 78.80 94.91 8.89 (393.85)
EBT (13) (13) (13) (13) (15) (16) (17) (20) (18) (20)
EBT margin, % 0.00 (11,880.00) (5,242.68) (2,495.31) (23,996.77) (3,912.00) (4,565.71) (3,598.18) (13,655.56) (31,036.92)
Net income (13) (13) (13) (13) (15) (16) (17) (20) (18) (20)
Depreciation 0 0 0 0 0 1 2 1 1 1
Per share, $
Per share, $ Revenue 0.00 0.01 0.02 0.03 0.00 0.02 0.02 0.02 0.01 0.00
Earnings (2.22) (1.08) (1.02) (0.84) (0.79) (0.70) (0.75) (0.80) (0.68) (0.65)
Cash flow (1.20) (0.79) (0.77) (0.66) (0.64) (0.55) (0.54) (0.59) (0.49) (0.48)
Capex 0.00 (0.01) 0.00 0.00 (0.01) 0.00 0.00 0.00 0.00 0.00
Free cash flow (1.20) (0.79) (0.77) (0.66) (0.65) (0.56) (0.54) (0.59) (0.49) (0.48)
Book value 4.55 1.43 1.40 0.87 1.99 1.26 0.88 0.73 0.92 0.60
Shares, m 6 12 13 16 19 22 23 25 27 31
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S — 0.00 0.00 91.60 575.80 529.91 183.60 205.45 2,338.65 774.61
P/B — 2.86 2.05 3.55 8.08 15.95 7.07 8.84 12.59 3.71
EV/Sales — 0.00 0.00 63.78 504.54 501.17 160.33 182.71 2,143.65 557.59
EV/FCF — (4.00) (2.45) (3.25) (21.67) (34.10) (10.00) (9.80) (21.87) (3.29)
Cash, $m
Cash, $m Operating cash flow (7) (9) (10) (10) (12) (12) (12) (15) (13) (15)
Capex 0 0 0 0 0 0 0 0 0 0
Free cash flow (7) (9) (10) (10) (12) (13) (13) (15) (13) (15)
Balance, $m
Balance, $m Working capital 26 17 18 14 37 26 19 17 24 18
Total debt — — — 0 1 4 3 2 0 —
Net debt (27) (17) (19) (15) (37) (25) (18) (18) (26) (19)
Shareholders’ equity 26 17 18 14 37 28 20 18 25 18
Returns, %
Returns, % ROA (83.24) (58.49) (69.41) (76.89) (54.46) (41.65) (55.55) (77.98) (69.37) (80.35)
ROIC 0.00 0.00 0.00 0.00 (186,500.00) (252.75) (517.66) (3,322.14) 0.00 0.00
ROE (198.16) (61.20) (74.54) (84.40) (58.21) (47.82) (71.63) (102.85) (85.25) (92.84)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Atomera Incorporated vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COHU Cohu, Inc. $2.6B — (loss-making) — (loss-making) +38.37% (above 0%: growing) n/m −39.36% (below 0%: shrinking) 45.36% 0.20% Compare
UCTT Ultra Clean Holdings, Inc. $2.5B — (loss-making) 98.9× +24.31% (above 0%: growing) n/m −558.40% (below 0%: shrinking) 16.08% 4.57% Compare
AEHR Aehr Test Systems $2.3B — (loss-making) — (loss-making) +33.69% (above 0%: growing) n/m +133.16% (above 0%: growing) 42.57% (6.40%) Compare
ICHR Ichor Holdings, Ltd. $1.8B — (loss-making) 93.0× +22.68% (above 0%: growing) n/m −59.76% (below 0%: shrinking) 13.90% 2.44% Compare
PLAB Photronics, Inc. $1.7B 9.7× 14.0× +2.69% (above 0%: growing) +25.00% (above 0%: growing) +56.06% (above 0%: growing) 33.20% 21.06% Compare
ASYS Amtech Systems, Inc. $235.5M 47.9× 57.8× +14.45% (above 0%: growing) +1,386.49% (above 0%: growing) −47.84% (below 0%: shrinking) 50.01% 9.86% Compare
INTT inTest Corporation $167.1M 107× 55.7× +25.54% (above 0%: growing) n/m +614.26% (above 0%: growing) 40.49% 1.03% Compare
ATOM Atomera Incorporated $129.8M — (loss-making) — (loss-making) +3,850.00% (above 0%: growing) n/m −11.32% (below 0%: shrinking) 83.54% (4,277.85%)
TRT Trio-Tech International $53.7M — (loss-making) — (loss-making) +39.92% (above 0%: growing) n/m +118.83% (above 0%: growing) 18.61% (1.78%) Compare
Median of peers $1.7B 47.9× 57.8× +24.93% — +8.35% 36.85% 1.74%

All 29 Semiconductor Equipment & Materials stocks →

Atomera Incorporated (ATOM) key facts

  • Concern: Atomera Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $65,000.00, down 51.9% from fiscal 2024.
  • Concern: Atomera Incorporated reported a net loss of $20.2 million, or a loss of $0.65 per share, for fiscal 2025.
  • Atomera Incorporated (ATOM) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, ATOM traded at $3.09, a market capitalization of $129.8 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 519× sales.
  • Return on equity was −92.8% and debt-to-equity 0.00.
  • Its Altman Z-score is −3.26 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/ATOM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com