Vystar Corp Financials
This page shows Vystar Corp (VYST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Tiny sales volume and external funding dependence dominate the picture, with cost cuts reducing burn more than operations generating cash.
From FY2023 to FY2025, operating cash burn narrowed from-$443K to-$180K even as sales kept shrinking, indicating the lower burn came mainly from cost compression rather than a stronger operating base. FY2025 also needed$177K of financing inflow to roughly cover that burn, so the business still appears externally supported rather than self-funded.
FY2025 interest expense of
The balance sheet still reflects a liquidity squeeze: cash was just
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Vystar Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vystar Corp has an operating margin of -1934.6%, meaning the company retains $-1935 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1116.1% the prior year.
Vystar Corp's revenue declined 59.7% year-over-year, from $136K to $55K. This contraction results in a growth score of 0/100.
Vystar Corp has elevated debt relative to equity (D/E of -1.07), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Vystar Corp's current ratio of 0.05 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Vystar Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Vystar Corp generates $0.12 in operating cash flow (-$180K OCF vs -$1.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Vystar Corp earns $-2.6 in operating income for every $1 of interest expense (-$1.1M vs $404K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Vystar Corp generated $55K in revenue in fiscal year 2025. This represents a decrease of 59.7% from the prior year.
Vystar Corp's EBITDA was -$993K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.2% from the prior year.
Vystar Corp reported -$1.5M in net income in fiscal year 2025. This represents a decrease of 301.7% from the prior year.
Vystar Corp earned $-0.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 33.3% from the prior year.
Cash & Balance Sheet
Vystar Corp held $4K in cash against $0 in long-term debt as of fiscal year 2025.
Vystar Corp had 25M shares outstanding in fiscal year 2025. This represents an increase of 41.5% from the prior year.
Margins & Returns
Vystar Corp's gross margin was 58.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.8 percentage points from the prior year.
Vystar Corp's operating margin was -1934.6% in fiscal year 2025, reflecting core business profitability. This is down 818.4 percentage points from the prior year.
Vystar Corp's net profit margin was -2793.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3352.5 percentage points from the prior year.
Capital Allocation
VYST Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10K-50.1% | $20K+75.5% | $12K-8.2% | $13K+75.8% | $7K-86.4% | $53K+39.5% | $38K+1.2% | $38K |
| Cost of Revenue | $4K-12.3% | $5K-4.1% | $5K-37.3% | $8K-6.0% | $9K-48.0% | $17K-25.5% | $23K+31.6% | $17K |
| Gross Profit | $6K-62.5% | $15K+140.8% | $6K+48.2% | $4K+355.6% | -$2K-104.7% | $36K+137.8% | $15K-25.0% | $20K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $647 | N/A | N/A | $137-88.0% | $1K-69.4% | $4K-0.8% | $4K |
| Operating Income | -$208K+15.7% | -$247K+7.6% | -$267K+20.9% | -$338K+49.7% | -$673K-160.9% | -$258K-3.1% | -$250K+25.9% | -$337K |
| Interest Expense | $100K+311.5% | $24K-84.7% | $159K+32.0% | $120K+10.4% | $109K+15.8% | $94K+160.3% | $36K+347.4% | $8K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$295K-8.8% | -$271K+36.4% | -$427K+20.7% | -$538K-130.6% | $1.8M+605.2% | -$348K-21.0% | -$287K+20.7% | -$362K |
| EPS (Diluted) | N/A | $-0.01+50.0% | $-0.02+33.3% | $-0.03 | N/A | $-0.03-50.0% | $-0.02+33.3% | $-0.03 |
VYST Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $452K-6.5% | $484K-4.3% | $506K-8.0% | $550K-0.6% | $553K-6.1% | $589K-6.5% | $630K-2.3% | $645K |
| Current Assets | $374K-4.2% | $391K-1.6% | $397K-6.1% | $423K+3.7% | $407K-4.1% | $425K-5.0% | $447K+0.9% | $443K |
| Cash & Equivalents | $4K-73.1% | $17K-25.0% | $22K-48.9% | $43K+460.8% | $8K-72.2% | $28K+19.1% | $23K+98.2% | $12K |
| Inventory | $59K-5.9% | $63K-6.6% | $67K-4.2% | $70K-3.2% | $72K-7.8% | $78K-7.8% | $85K+1.9% | $83K |
| Accounts Receivable | $338-94.2% | $6K+148.4% | $2K-31.7% | $3K-83.5% | $21K+83.7% | $11K-51.5% | $23K-21.2% | $30K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.0M+3.9% | $6.7M+1.8% | $6.6M+3.7% | $6.3M+8.6% | $5.8M-33.9% | $8.8M+3.6% | $8.5M+3.3% | $8.3M |
| Current Liabilities | $7.0M+3.9% | $6.7M+1.8% | $6.6M+3.6% | $6.4M+9.2% | $5.8M-24.3% | $7.7M+15.1% | $6.7M+4.8% | $6.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$6.5M-4.7% | -$6.2M-2.3% | -$6.1M-4.8% | -$5.8M-10.2% | -$5.3M+36.3% | -$8.2M-4.4% | -$7.9M-3.8% | -$7.6M |
| Retained Earnings | -$61.4M-0.5% | -$61.1M-0.4% | -$60.8M-0.7% | -$60.4M-0.9% | -$59.9M+2.9% | -$61.6M-0.6% | -$61.3M-0.5% | -$61.0M |
VYST Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$14K+44.6% | -$26K+53.3% | -$55K+36.4% | -$86K-328.9% | -$20K-4547.9% | $451-97.8% | $20K+120.3% | -$101K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1K |
| Financing Cash Flow | $2K-90.0% | $20K-39.6% | $33K-72.8% | $122K | $0 | $0+100.0% | -$12K-116.6% | $74K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VYST Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.7%-18.7pp | 75.4%+20.4pp | 54.9%+20.9pp | 34.0%+57.4pp | -23.4%-91.2pp | 67.8%+28.1pp | 39.8%-13.9pp | 53.7% |
| Operating Margin | -2048.3%-836.8pp | -1211.6%+1090.6pp | -2302.2%+368.0pp | -2670.2%+6672.3pp | -9342.5%-8857.0pp | -485.5%+171.2pp | -656.7%+240.0pp | -896.7% |
| Net Margin | -2904.9%-1573.6pp | -1331.3%+2342.7pp | -3674.0%+578.9pp | -4252.8%-28658.5pp | 24405.6%+25060.6pp | -655.0%+99.8pp | -754.8%+208.8pp | -963.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -65.3%-9.2pp | -56.1%+28.3pp | -84.4%+13.5pp | -97.9%-415.4pp | 317.5%+376.5pp | -59.0%-13.4pp | -45.6%+10.6pp | -56.2% |
| Current Ratio | 0.050.0 | 0.060.0 | 0.060.0 | 0.070.0 | 0.07+0.0 | 0.06-0.0 | 0.070.0 | 0.07 |
| Debt-to-Equity | -1.070.0 | -1.080.0 | -1.08+0.0 | -1.09+0.0 | -1.11-0.0 | -1.070.0 | -1.080.0 | -1.08 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$6.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Vystar Corp's annual revenue?
Vystar Corp (VYST) reported $55K in total revenue for fiscal year 2025. This represents a -59.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vystar Corp's revenue growing?
Vystar Corp (VYST) revenue declined by 59.7% year-over-year, from $136K to $55K in fiscal year 2025.
Is Vystar Corp profitable?
No, Vystar Corp (VYST) reported a net income of -$1.5M in fiscal year 2025, with a net profit margin of -2793.9%.
What is Vystar Corp's EBITDA?
Vystar Corp (VYST) had EBITDA of -$993K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vystar Corp's gross margin?
Vystar Corp (VYST) had a gross margin of 58.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vystar Corp's operating margin?
Vystar Corp (VYST) had an operating margin of -1934.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vystar Corp's net profit margin?
Vystar Corp (VYST) had a net profit margin of -2793.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vystar Corp's operating cash flow?
Vystar Corp (VYST) generated -$180K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vystar Corp's total assets?
Vystar Corp (VYST) had $452K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vystar Corp's current ratio?
Vystar Corp (VYST) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vystar Corp's debt-to-equity ratio?
Vystar Corp (VYST) had a debt-to-equity ratio of -1.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vystar Corp's return on assets (ROA)?
Vystar Corp (VYST) had a return on assets of -338.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vystar Corp's cash runway?
Based on fiscal year 2025 data, Vystar Corp (VYST) had $4K in cash against an annual operating cash burn of $180K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Vystar Corp's debt-to-equity ratio negative or unusual?
Vystar Corp (VYST) has negative shareholder equity of -$6.5M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Vystar Corp's Piotroski F-Score?
Vystar Corp (VYST) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vystar Corp's earnings high quality?
Vystar Corp (VYST) has an earnings quality ratio of 0.12x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vystar Corp cover its interest payments?
Vystar Corp (VYST) has an interest coverage ratio of -2.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vystar Corp?
Vystar Corp (VYST) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.