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Neonode Inc.

NEON Technology Electronic Components

Neonode Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 million, down 33.7% from fiscal 2024. In the quarter to June 2026, revenue fell 20.4%, EPS fell 18.2%, free cash flow fell 9.97% and total debt fell 61.9%, each against the same quarter a year earlier.

0.77 0.03 −3.75%
Market cap
$13.4M
P/E
1.6×
Fwd P/E
0.0×
Dividend yield
—
F-score
4/9
Altman Z
−1.19
Beneish M
−0.07
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 21.89%

Capital & Financial Ratios $m

Market Cap 13.43
Revenue 2.04
Net Income 8.12
Free Cash Flow (11.24)
Net Debt (21.31)
Current Ratio 10.86 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 1.59
Fwd P/E 0.00
P/S ratio 6.33
P/B ratio 0.62
Past 5Y EPS Growth —
This Y EPS Growth (10.81%) (below 0%: weak)
Next Y EPS Growth 7.32%
Next Y revenue growth 69.35% (at or above 10%: strong)
Next 5Y EPS Growth 2.78%

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

Valuation vs history

EV/Sales, ten years
EV/Sales is −3.4×, against a ten-year median of 7.0×; over the ten years it ranged from −3.4× in 2026 to 160× in 2025.
P/S against its own 10 years 34.28%
10-year low 10-year high
P/B against its own 10 years 0.23%
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
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 16 25 21
Receivables 1 1 0 0
Inventory — — — —
Other — 0 — —
19 18 26 22
2023 2024 2025 Q'26
Payables 0 0 0 0
ST’ Debt — — — —
Other 0 — 0 0
2 2 2 2

Compound Annual Growth %

10y 5y 3y
Sales (15.50%) (19.19%) (28.62%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 29.70% 15.73% 8.33%

Revenue $m

Mar Jun Sep Dec Year
’26 1 0 — — —
’25 1 1 0 1 2
’24 1 1 1 1 3
’23 1 1 1 1 4
’22 1 1 1 2 6
’21 2 2 1 1 6
’20 1 1 1 2 6
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (2) — — —
’25 (1) (2) (2) (6) (10)
’24 (2) (1) (1) (1) (6)
’23 (2) (1) (2) (2) (6)
’22 (2) (3) 0 (1) (7)
’21 (2) (1) (2) (3) (8)
’20 (1) (1) (2) (2) (6)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (2) — — —
’25 (1) (2) (2) (6) 9
’24 (2) (1) (1) (1) (5)
’23 (2) (1) (2) (2) (6)
’22 (2) (3) 0 (1) (7)
’21 (2) (1) (2) (3) (8)
’20 (1) (1) (2) (2) (6)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.11) (0.13) — — —
’25 (0.10) (0.11) 0.85 (0.12) 0.51
’24 (0.14) (0.11) (0.07) (0.09) (0.41)
’23 (0.09) (0.10) (0.08) (0.39) (0.66)
’22 (0.10) (0.11) (0.06) (0.09) (0.36)
’21 (0.14) (0.14) (0.15) (0.11) (0.54)
’20 (0.11) (0.18) (0.16) (0.11) (0.56)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
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 9.60 7.20 1.31 1.09 1.25 4.56 3.30 1.02 1.23 1.72

Analyst estimates 2026–2028

Powerpack
High 26.80 19.60 9.30 3.80 13.00 12.42 9.62 14.75 15.00 29.90
People
People Employees 49 45 52 60 46 47 55 53 43 39
Revenue/emp, $m 0.21 0.23 0.16 0.11 0.13 0.12 0.10 0.07 0.07 0.05
Income, $m
Income, $m Revenue 10 10 9 7 6 6 6 4 3 2
Gross margin, % 86.90 77.12 89.21 89.72 81.99 83.64 85.82 99.69 96.27 98.74
EBT (5) (6) (4) (6) (6) (7) (5) (5) (6) 8
EBT margin, % (51.72) (54.20) (46.02) (86.73) (103.99) (122.04) (91.09) (130.61) (188.55) 389.33
Net income (6) (5) (4) (6) (6) (7) (5) (10) (6) 8
Depreciation 0 1 1 1 1 1 1 0 0 0
Per share, $
Per share, $ Revenue 2.24 1.94 1.45 0.75 0.60 0.49 0.42 0.25 0.20 0.12
Earnings (1.20) (0.90) (0.52) (0.60) (0.56) (0.54) (0.36) (0.66) (0.41) 0.51
Cash flow (1.37) (1.06) (0.49) (0.40) (0.58) (0.64) (0.50) (0.41) (0.35) (0.61)
Capex (0.21) (0.12) (0.04) (0.01) (0.01) (0.01) 0.00 (0.01) 0.01 1.15
Free cash flow (1.58) (1.18) (0.53) (0.41) (0.58) (0.65) (0.50) (0.42) (0.34) 0.54
Book value 0.91 1.49 1.66 0.44 1.19 1.67 1.42 1.12 1.04 1.47
Shares, m 5 5 6 9 10 12 14 15 16 17
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.38
P/S 8.54 3.82 1.14 2.58 11.27 18.06 13.30 9.24 42.03 14.16
P/B 21.10 4.98 1.00 4.46 5.67 5.31 3.88 2.06 7.95 1.18
EV/Sales 8.30 3.42 0.51 2.44 9.79 15.35 10.96 5.42 37.24 2.61
EV/FCF (11.72) (5.62) (1.41) (4.49) (10.08) (11.57) (9.06) (3.23) (21.03) (0.52)
Cash, $m
Cash, $m Operating cash flow (6) (6) (3) (4) (6) (8) (7) (6) (6) (10)
Capex (1) (1) 0 0 0 0 0 0 0 19
Free cash flow (7) (6) (3) (4) (6) (8) (7) (6) (5) 9
Balance, $m
Balance, $m Working capital 3 6 8 2 10 19 19 17 16 24
Total debt 1 2 1 1 0 0 0 0 — 0
Net debt (3) (4) (5) (2) (10) (17) (15) (16) (16) (25)
Shareholders’ equity 4 8 10 4 12 20 19 17 16 25
Returns, %
Returns, % ROA (67.70) (41.22) (23.21) (51.24) (46.97) (32.61) (22.10) (50.35) (34.58) 37.52
ROIC (198.58) (91.32) (55.40) (179.24) (255.91) (176.33) (71.08) (355.01) (27,279.17) 0.00
ROE (177.31) (78.43) (34.66) (77.67) (71.65) (40.66) (24.88) (55.35) (38.48) 41.30
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Neonode Inc. vs peers in Electronic Components (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
HOLO MicroCloud Hologram Inc. $31.2M — (loss-making) — −41.61% (below 0%: shrinking) n/m +320.35% (above 0%: growing) 49.85% 0.00% Compare
DAIO Data I/O Corporation $27.9M — (loss-making) — (loss-making) −13.43% (below 0%: shrinking) n/m −397.95% (below 0%: shrinking) 57.00% (14.06%) Compare
REFR Research Frontiers Incorporated $22.3M — (loss-making) — (loss-making) −33.56% (below 0%: shrinking) n/m −143.69% (below 0%: shrinking) (626.77%) (776.13%) Compare
SELXF Semilux International Ltd. $14.7M — (loss-making) — — −150.00% (below 0%: shrinking) −896.47% (below 0%: shrinking) — — Compare
NEON Neonode Inc. $13.4M 1.6× — (loss-making) −20.37% (below 0%: shrinking) n/m −9.97% (below 0%: shrinking) 98.11% (486.58%)
WETH Wetouch Technology Inc. $13.4M 1.4× — +12.74% (above 0%: growing) −5.26% (below 0%: shrinking) +87.69% (above 0%: growing) 34.88% 22.61% Compare
OST Ostin Technology Group Co., Ltd. $10.2M — (loss-making) — −60.75% (below 0%: shrinking) −100.00% (below 0%: shrinking) −72.90% (below 0%: shrinking) 2.02% 0.00% Compare
MSAI MultiSensor AI Holdings, Inc. $9.5M — (loss-making) — (loss-making) +19.45% (above 0%: growing) n/m −105.04% (below 0%: shrinking) 45.78% (153.45%) Compare
GAUZ Gauzy Ltd. $5.2M — (loss-making) — (loss-making) −17.84% (below 0%: shrinking) n/m +54.56% (above 0%: growing) 21.37% (62.38%) Compare
Median of peers $14.1M — — −17.84% −100.00% −88.97% 34.88% (14.06%)

All 49 Electronic Components stocks →

Neonode Inc. (NEON) key facts

  • Concern: Neonode Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 million, down 33.7% from fiscal 2024.
  • Neonode Inc. (NEON) is an Electronic Components company in the Technology sector, listed on Nasdaq.
  • Net income was $8.5 million, or $0.51 per share (basic), a net margin of 411.9%.
  • As of October 16, 2026, NEON traded at $0.77, a market capitalization of $13.4 million.
  • At that price the stock trades at 1.6× trailing-twelve-month earnings and 6.3× sales.
  • Return on equity was 41.3% and debt-to-equity 0.00.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −1.19 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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