Income Statement iSpecimen Inc.

Stocks

ISPC

US45032V3069

Software

Real-time Estimate Cboe BZX 22:19:49 14/09/2026 +04			5-day change	1st Jan Change
1.465 ^USD	-0.34%		-6.92%	-85.77%

09-04	ISpecimen Inc. entered into an asset purchase agreement to acquire certain artificial intelligence software, intellectual property and related assets of Foldlab AI Ltd from Foldlab AI Ltd. for $4.5 million.	CI
09-01	ISpecimen Inc. Announces CEO Changes	CI

e3f404cbb03fca8e5da.MjR0G9-K_qwL7r0I0PphCY0LSuZWehV_8mxQkGaXCvs.H3sySOu5toFaiMtcto00Ub5lfJwmKGE0vykp5CvPbr5hXiZQvPCW70Gk9A

Published financial data: ISPECIMEN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	11.14M	10.4M	9.93M	9.29M	1.93M
Total Revenues	11.14M	10.4M	9.93M	9.29M	1.93M
Cost of Goods Sold, Total	5.25M	4.76M	4.82M	5.3M	1.9M
Gross Profit	5.89M	5.65M	5.11M	3.99M	24.11K
Selling General & Admin Expenses, Total	9.97M	13.18M	12.71M	13.19M	6.84M
R&D Expenses	1.84M	2.66M	3.57M	3.53M	2.16M
Other Operating Expenses, Total	11.81M	15.83M	16.28M	16.72M	9M
Operating Income	-5.93M	-10.19M	-11.17M	-12.73M	-8.98M
Interest Expense, Total	-2.1M	-239K	-231K	-220K	-9.92K
Interest And Investment Income	11.4K	169K	340K	44.13K	3.75K
Net Interest Expenses	-2.09M	-69.62K	109K	-176K	-6.17K
Other Non Operating Income (Expenses)	1.27M	9.78K	-39.1K	406K	-1.5M
EBT, Excl. Unusual Items	-6.75M	-10.25M	-11.1M	-12.5M	-10.49M
Other Unusual Items	-2.21M	-	-	-	-
EBT, Incl. Unusual Items	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Net Income to Company	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Net Income - (IS)	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Net Income to Common Incl Extra Items	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Net Income to Common Excl. Extra Items	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Per Share Items
Net EPS - Basic	-	-926.81	-982.08	-703.27	-91.15
Basic EPS - Continuing Operations	-	-926.81	-982.08	-703.27	-91.15
Basic Weighted Average Shares Outstanding	-	11.06K	11.3K	17.77K	115K
Net EPS - Diluted	-	-926.81	-984	-703.27	-91.15
Diluted EPS - Continuing Operations	-	-926.81	-984	-703.27	-91.15
Diluted Weighted Average Shares Outstanding	-	11.06K	11.3K	17.77K	115K
Normalized Basic EPS	-	-579.26	-613.8	-439.54	-56.97
Normalized Diluted EPS	-	-579.26	-613.8	-439.54	-56.97
Supplemental Items
EBITDA	-5.88M	-10.16M	-11M	-12.47M	-8.72M
EBITA	-5.93M	-10.19M	-11.12M	-12.54M	-8.79M
EBIT	-5.93M	-10.19M	-11.17M	-12.73M	-8.98M
EBITDAR	-5.71M	-9.99M	-10.83M	-12.31M	-8.63M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Normalized Net Income	-4.22M	-6.4M	-6.94M	-7.81M	-6.55M
Interest on Long-Term Debt	205K	232K	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	229K	188K	219K	358K	-
Selling and Marketing Expenses	2.42M	3.45M	3.96M	4.95M	2.3M
General and Administrative Expenses	6.19M	7.73M	6.97M	6.61M	3.72M
Research And Development Expense From Footnotes	1.84M	2.66M	3.57M	3.53M	2.16M
Net Rental Expense, Total	167K	176K	169K	157K	85.51K
Imputed Operating Lease Interest Expense	347K	187K	1.63M	1.08M	23.36K
Imputed Operating Lease Depreciation	-180K	-10.5K	-1.46M	-928K	62.16K
Stock-Based Comp., R&D Exp. (Total)	260K	132K	142K	59.71K	2.69K
Stock-Based Comp., S&M Exp. (Total)	55.04K	93.68K	66.39K	47.91K	9.09K
Stock-Based Comp., G&A Exp. (Total)	265K	369K	196K	101K	-3.54K
Stock-Based Comp., SG&A Exp. (Total)	41.48K	83.95K	55.37K	40.64K	13.02K
Stock-Based Comp., Other (Total)	12.5K	6.25K	-	-	-
Total Stock-Based Compensation	635K	685K	460K	250K	21.27K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	27.74M	15.31M	2.34M	1.88M	6.88M
Short Term Investments	-	-	2.66M	-	-
Total Cash And Short Term Investments	27.74M	15.31M	5.01M	1.88M	6.88M
Accounts Receivable, Total	4.74M	3.93M	2.94M	1.44M	48.3K
Other Receivables	141K	141K	-	-	-
Total Receivables	4.88M	4.07M	2.94M	1.44M	48.3K
Inventory	-	-	-	-	-
Prepaid Expenses	327K	300K	292K	265K	25.46K
Total Current Assets	32.95M	19.68M	8.24M	3.59M	6.95M
Gross Property Plant And Equipment	340K	738K	766K	764K	705K
Accumulated Depreciation	-307K	-327K	-445K	-342K	-411K
Net Property Plant And Equipment	32.78K	411K	322K	422K	295K
Other Intangibles, Total	2.71M	4.5M	7.23M	5.33M	2.27M
Other Long-Term Assets, Total	27.6K	27.6K	27.6K	12.1K	12.1K
Total Assets	35.72M	24.62M	15.82M	9.35M	9.53M
Liabilities
Accounts Payable, Total	833K	2.46M	3.93M	4.2M	5.36M
Accrued Expenses, Total	1.02M	1.53M	1.54M	1.17M	619K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	158K	167K	43.37K	56.92K
Unearned Revenue Current, Total	655K	132K	416K	361K	193K
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	2.51M	4.28M	6.05M	5.77M	6.23M
Long-Term Debt	3.42M	-	-	-	-
Long-Term Leases	-	27.4K	29.13K	269K	212K
Total Liabilities	5.93M	4.31M	6.08M	6.04M	6.44M
Preferred Stock Convertible	-	-	-	-	1
Total Preferred Equity	-	-	-	-	1
Common Stock, Total	873	892	908	170	848
Additional Paid In Capital	67.81M	68.57M	69.1M	75.17M	85.44M
Retained Earnings	-38.02M	-48.27M	-59.36M	-71.86M	-82.35M
Treasury Stock	-172	-172	-172	-172	-172
Comprehensive Income and Other	-	-	840	-	-
Total Common Equity	29.79M	20.31M	9.74M	3.31M	3.09M
Total Equity	29.79M	20.31M	9.74M	3.31M	3.09M
Total Liabilities And Equity	35.72M	24.62M	15.82M	9.35M	9.53M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.98K	11.23K	11.32K	62.42K	742K
ECS Total Common Shares Outstanding	10.92K	11.16K	11.35K	42.42K	212K
Book Value / Share	2.73K	1.82K	857.94	78.05	14.57
Tangible Book Value	27.08M	15.81M	2.51M	-2.02M	818K
Tangible Book Value Per Share	2.48K	1.42K	221.05	-47.56	3.86
Total Debt	3.42M	186K	196K	312K	269K
Net Debt	-24.32M	-15.12M	-4.81M	-1.57M	-6.61M
Debt Equivalent Oper. Leases	1.34M	1.41M	1.35M	1.25M	684K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	207K	207K	219K	138K	138K
Full Time Employees	59	75	53	24	7
Accumulated Allowance for Doubtful Accounts (Supple)	269K	231K	521K	620K	646K
Order Backlog	-	-	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-8.96M	-10.25M	-11.1M	-12.5M	-10.49M
Depreciation & Amortization - CF	45.36K	22.43K	118K	65.71K	68.47K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	49.52K	192K	192K
Depreciation & Amortization, Total	45.36K	22.43K	167K	257K	260K
Amortization of Deferred Charges, Total - (CF)	1.83M	1.26M	1.95M	2.04M	1.47M
(Gain) Loss From Sale Of Asset	-	-	-	58	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	680	-
Asset Writedown & Restructuring Costs	-	-	-	327K	2.4M
Stock-Based Compensation (CF)	635K	685K	460K	250K	21.27K
Provision and Write-off of Bad Debts	161K	107K	305K	1.89M	59.86K
Other Operating Activities, Total	901K	-	-177K	-28.98K	-75K
Change In Accounts Receivable	-2.72M	709K	680K	-397K	1.34M
Change In Inventories	-	-	-	-	45.11K
Change In Accounts Payable	-960K	1.63M	1.47M	272K	1.24M
Change in Unearned Revenues	-219K	-522K	283K	-55.06K	-168K
Change In Deferred Taxes	38.5K	-	141K	-	-
Change in Other Net Operating Assets	-1.42M	541K	18.96K	-322K	-340K
Cash from Operations	-10.67M	-5.82M	-5.81M	-8.26M	-4.24M
Capital Expenditure	-2.55K	-216K	-19.48K	-56.55K	-454
Sale (Purchase) of Intangible assets	-1.04M	-2.98M	-4.73M	-653K	-1M
Investment in Marketable and Equity Securities, Total	-	-	-2.48M	2.69M	-
Cash from Investing	-1.04M	-3.19M	-7.23M	1.98M	-1M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	4M	-	-	-	-
Total Debt Issued	4M	-	-	-	-
Long-Term Debt Repaid, Total	-3M	-3.5M	-	-	-
Total Debt Repaid	-3M	-3.5M	-	-	-
Issuance of Common Stock	41.76M	78.64K	70.89K	6.49M	5.75M
Repurchase of Common Stock	-	-	-	-52.5K	-
Issuance of Preferred Stock	-	-	-	-	5.5M
Other Financing Activities, Total	-4.01M	-	-	-621K	-1.01M
Cash from Financing	38.75M	-3.42M	70.89K	5.82M	10.24M
Net Change in Cash	27.04M	-12.43M	-12.97M	-465K	5M
Supplemental Items
Cash Interest Paid	2.82M	162K	16K	33.75K	1.95K
Levered Free Cash Flow	-13.02M	-5.28M	-6.4M	-4.89M	-2.78M
Unlevered Free Cash Flow	-12.58M	-5.21M	-6.26M	-4.75M	-2.78M
Change In Net Working Capital	9.47M	-2.46M	-2.89M	-1.37M	-2.08M
Net Debt Issued / Repaid	1M	-3.5M	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-17.66	-21.1	-34.53	-63.21	-59.44
Return on Total Capital	-24.79	-23.71	-45.88	-117.33	-160.77
Return On Equity %	-130.96	-40.9	-73.87	-191.51	-327.77
Return on Common Equity	-713.06	-40.9	-73.87	-191.51	-327.77
Margin Analysis
Gross Profit Margin %	52.86	54.27	51.45	42.93	1.25
SG&A Margin	89.57	126.66	128.02	141.92	354.7
EBITDA Margin %	-52.8	-97.71	-110.82	-134.22	-451.94
EBITA Margin %	-53.21	-97.92	-112	-134.93	-455.49
EBIT Margin %	-53.21	-97.92	-112.5	-136.99	-465.42
Income From Continuing Operations Margin %	-80.48	-98.5	-111.8	-134.51	-543.68
Net Income Margin %	-80.48	-98.5	-111.8	-134.51	-543.68
Net Avail. For Common Margin %	-80.48	-98.5	-111.8	-134.51	-543.68
Normalized Net Income Margin	-37.88	-61.56	-69.87	-84.07	-339.8
Levered Free Cash Flow Margin	-116.89	-50.76	-64.48	-52.63	-144.25
Unlevered Free Cash Flow Margin	-112.94	-50.06	-63.03	-51.15	-143.93
Asset Turnover
Asset Turnover	0.53	0.34	0.49	0.74	0.2
Fixed Assets Turnover	205.51	46.93	27.12	25	5.39
Receivables Turnover (Average Receivables)	3.22	2.4	2.89	4.24	2.58
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	13.15	4.6	1.36	0.62	1.12
Quick Ratio	13.02	4.53	1.31	0.58	1.11
Operating Cash Flow to Current Liabilities	-4.26	-1.36	-0.96	-1.43	-0.68
Days Sales Outstanding (Average Receivables)	113.42	152.06	126.22	86.38	141.24
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	91.27	126.29	241.72	280.33	-
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	11.49	0.92	2.01	9.43	8.7
Total Debt / Total Capital	10.3	0.91	1.97	8.62	8.01
LT Debt/Equity	11.49	0.13	0.3	8.12	6.86
Long-Term Debt / Total Capital	10.3	0.13	0.29	7.42	6.31
Total Liabilities / Total Assets	16.6	17.5	38.42	64.59	67.6
EBIT / Interest Expense	-2.82	-42.63	-48.4	-57.84	-905.21
EBITDA / Interest Expense	-2.8	-41.79	-46.94	-55.95	-870.37
(EBITDA - Capex) / Interest Expense	-2.8	-42.7	-47.03	-56.21	-870.42
Total Debt / EBITDA	-0.58	-0.02	-0.02	-0.03	-0.03
Net Debt / EBITDA	4.14	1.51	0.44	0.13	0.77
Total Debt / (EBITDA - Capex)	-0.58	-0.02	-0.02	-0.03	-0.03
Net Debt / (EBITDA - Capex)	4.13	1.48	0.44	0.13	0.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.06	-6.58	-4.56	-6.42	-79.24
Gross Profit, 1 Yr. Growth %	28	-4.09	-9.52	-21.92	-99.4
EBITDA, 1 Yr. Growth %	148.98	72.85	8.25	13.35	-30.09
EBITA, 1 Yr. Growth %	146.23	71.91	9.17	12.74	-29.91
EBIT, 1 Yr. Growth %	146.23	71.91	9.65	13.96	-29.46
Earnings From Cont. Operations, 1 Yr. Growth %	92.64	14.33	8.33	12.6	-16.09
Net Income, 1 Yr. Growth %	92.64	14.33	8.33	12.6	-16.09
Normalized Net Income, 1 Yr. Growth %	45.08	51.81	8.33	12.6	-16.09
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	6.03	-28.39	-87.04
Accounts Receivable, 1 Yr. Growth %	117.58	-17.2	-25.09	-50.88	-96.66
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-56.63	1.15K	-21.65	31.06	-30.09
Total Assets, 1 Yr. Growth %	475.22	-31.08	-35.74	-40.89	1.94
Tangible Book Value, 1 Yr. Growth %	-190.53	-41.64	-84.12	-180.39	-140.55
Common Equity, 1 Yr. Growth %	-209.21	-31.83	-52.04	-66.01	-6.73
Cash From Operations, 1 Yr. Growth %	3.6K	-45.47	-0.17	42.29	-48.68
Capital Expenditures, 1 Yr. Growth %	498.59	8.35K	-90.96	190.31	-99.2
Levered Free Cash Flow, 1 Yr. Growth %	-4.97K	-59.43	21.25	-23.62	-43.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-976.95	-58.59	20.15	-24.05	-41.58
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	60.95	12.74	-5.58	-5.49	-55.92
Gross Profit, 2 Yr. CAGR %	64.68	10.8	-6.85	-15.95	-93.13
EBITDA, 2 Yr. CAGR %	24.02	107.45	36.79	10.77	-10.98
EBITA, 2 Yr. CAGR %	23.58	105.74	36.99	10.94	-11.11
EBIT, 2 Yr. CAGR %	23.58	105.74	37.3	11.78	-10.35
Earnings From Cont. Operations, 2 Yr. CAGR %	37.69	48.41	11.29	10.44	-2.8
Net Income, 2 Yr. CAGR %	37.69	48.41	11.29	10.44	-2.8
Normalized Net Income, 2 Yr. CAGR %	17.56	48.41	28.24	10.44	-2.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-12.95	-69.54
Accounts Receivable, 2 Yr. CAGR %	91.85	34.22	-21.24	-39.34	-87.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-47.72	133.05	213.24	1.33	-4.28
Total Assets, 2 Yr. CAGR %	191.12	99.11	-33.45	-38.37	-22.38
Tangible Book Value, 2 Yr. CAGR %	4.02	-27.31	-69.56	-64.27	-42.9
Common Equity, 2 Yr. CAGR %	14.51	-13.71	-42.82	-59.62	-43.69
Cash From Operations, 2 Yr. CAGR %	99.52	349.15	-26.22	19.18	-14.55
Capital Expenditures, 2 Yr. CAGR %	-69.92	2.15K	176.38	-48.78	-84.73
Levered Free Cash Flow, 2 Yr. CAGR %	110.31	344.61	-29.87	-3.76	-34.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	128.12	90.56	-29.46	-4.47	-33.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	36.33	34.26	6.65	-5.86	-42.97
Gross Profit, 3 Yr. CAGR %	42.54	37.52	3.56	-12.17	-83.78
EBITDA, 3 Yr. CAGR %	20.93	38.53	67.02	28.48	-4.99
EBITA, 3 Yr. CAGR %	20.86	37.95	66.56	28.38	-4.81
EBIT, 3 Yr. CAGR %	20.86	37.95	66.81	29.03	-4.12
Earnings From Cont. Operations, 3 Yr. CAGR %	18.78	29.42	33.62	11.72	0.78
Net Income, 3 Yr. CAGR %	18.78	29.42	33.62	11.72	0.78
Normalized Net Income, 3 Yr. CAGR %	7.23	28.01	33.62	22.8	0.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-53.86
Accounts Receivable, 3 Yr. CAGR %	66.58	44.98	10.51	-32.71	-76.91
Net Property, Plant and Equip., 3 Yr. CAGR %	-39.64	50.71	62.05	134.28	-10.46
Total Assets, 3 Yr. CAGR %	106.7	80.09	36.57	-36.03	-27.12
Tangible Book Value, 3 Yr. CAGR %	10.89	-14.2	-56.22	-57.92	-62.73
Common Equity, 3 Yr. CAGR %	17.37	-3.67	-29.05	-51.92	-46.62
Cash From Operations, 3 Yr. CAGR %	58.45	29.48	172.07	-8.16	-10
Capital Expenditures, 3 Yr. CAGR %	-64.28	97.01	257.58	180.94	-87.18
Levered Free Cash Flow, 3 Yr. CAGR %	-	21.52	188.32	-27.84	-19.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	29.16	63.41	-27.7	-18.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	17.7	16.67	-25.1
Gross Profit, 5 Yr. CAGR %	-	-	20.24	12.94	-65.01
EBITDA, 5 Yr. CAGR %	-	-	27.04	26.68	29.85
EBITA, 5 Yr. CAGR %	-	-	27.07	26.43	29.57
EBIT, 5 Yr. CAGR %	-	-	27.18	26.82	30.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	15.73	21.46	17.65
Net Income, 5 Yr. CAGR %	-	-	15.73	21.46	17.65
Normalized Net Income, 5 Yr. CAGR %	-	-	15.19	20.67	17.65
Accounts Receivable, 5 Yr. CAGR %	-	-	23.45	2.32	-53.32
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	16.62	28.58	31.28
Total Assets, 5 Yr. CAGR %	-	-	31.36	17.28	8.95
Tangible Book Value, 5 Yr. CAGR %	-	-	-33.88	-39.56	-51.31
Common Equity, 5 Yr. CAGR %	-	-	-11.97	-31.97	-35.32
Cash From Operations, 5 Yr. CAGR %	-	-	16.71	25.26	71.2
Capital Expenditures, 5 Yr. CAGR %	-	-	-19.03	14.94	1.28
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	10.69	59.79
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	14.48	14.12