Fabric.AI, Inc. FABC
this Annual Report on Form 10-K, unless the context otherwise requires, references to "we," "us," "our,"
"our company," "StableX" and "Company" refer to StableX Technologies, Inc. and its subsidiaries.
have historically designed and manufactured compact, sustainable electric vehicles. In July 2025, we commenced a strategic transition
toward a new business model focused on digital asset initiatives, with a focus on targeting the acquisition of crypto tokens that are
Last close
1.99
2026-10-23
Market cap
$13.9M
2026-06-30 share count
52-week range
1.99 - 6.28
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-32.24
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $63.8K | $498.9K | $3.0M | $2.7M | $1.6M | $890.2K | $6.1M | $4.3M | $16.7M |
| Cost of revenue | $956.2K | $6.7M | $5.1M | $6.0M | $4.8M | $1.8M | $691.8K | $7.9M | $4.5M | $12.9M |
| Gross profit | -$956.2K | -$6.6M | -$4.6M | -$3.1M | -$2.1M | -$166.5K | $198.3K | -$1.8M | -$257.9K | $3.8M |
| R&D | $1.4M | $1.5M | $7.4M | $6.8M | $11.4M | $1.9M | $714.3K | $322.3K | $90.1K | — |
| SG&A | $8.1M | $8.6M | $14.4M | $11.5M | $17.2M | $6.6M | $6.7M | $2.2M | $5.7M | $6.3M |
| Total operating expenses | $9.5M | $12.8M | $23.5M | $20.2M | $31.0M | $9.9M | $8.7M | $2.2M | $6.1M | $19.3M |
| Operating income | -$10.5M | -$19.4M | -$28.2M | -$23.3M | -$33.1M | -$10.1M | -$8.5M | -$2.2M | -$6.3M | -$2.5M |
| Interest expense | $126.6K | $484.3K | $441.4K | $182.3K | $2.3K | $327.2K | $172.5K | $672.1K | $1.3M | $6.6K |
| Pre-tax income | -$21.1M | -$1.8M | -$34.2M | -$22.9M | -$33.1M | — | — | — | — | -$1.2M |
| Income tax | — | — | — | — | — | — | — | — | — | $3.1K |
| Net income | $21.1M | $1.8M | $34.2M | -$22.9M | -$33.1M | -$10.8M | -$8.7M | -$18.7M | -$7.6M | -$1.2M |
| EPS, basic | -32.24 | -32.25 | -8.19 | -4.95 | -0.94 | — | -1.40 | -14.89 | — | — |
| EPS, diluted | -32.24 | -32.25 | -8.19 | -4.95 | -0.94 | -0.73 | -2.95 | -14.89 | -23.61 | -0.76 |
| Shares, diluted (wtd. avg.) | 875,190 | 385,652 | 4.8M | 4.6M | — | — | 3.5M | 1.4M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.0M | $16.0M | $33.4M | $39.1M | $69.2M | $36.5M | $641.8K | $3.9M | $0 | $51.4K |
| Short-term investments | $3.2M | $4.1M | — | $9.8M | — | — | — | — | — | — |
| Receivables | — | — | $219.0K | $510.1K | $969.4K | $765.9K | $71.1K | $295.6K | $187.7K | $4.2M |
| Inventory | — | — | $3.4M | $970.4K | $3.7M | $1.2M | $1.1M | — | — | — |
| Total current assets | $9.2M | $21.3M | $49.0M | $51.9M | $76.2M | $40.1M | $2.0M | $4.9M | $611.2K | $6.8M |
| Property, plant and equipment | — | — | $3.1M | $2.2M | $835.2K | $611.3K | $489.4K | $39.8K | $6.0K | $322.6K |
| Goodwill | — | — | — | — | — | — | $3.4M | $3.4M | — | — |
| Other intangibles | — | — | — | — | $88.3K | $143.8K | $244.1K | — | — | — |
| Total assets | $11.4M | $21.7M | $52.9M | $55.0M | $78.1M | $42.0M | $2.8M | $5.6M | $1.2M | $7.1M |
| Accounts payable | $916.7K | $1.9M | $2.5M | $1.1M | $647.0K | $767.2K | $772.1K | $1.3M | $1.8M | $1.8M |
| Short-term debt | — | — | — | — | — | $7.5K | $1.0M | — | — | $53.0K |
| Total current liabilities | $1.6M | $4.2M | $4.3M | $2.2M | $3.8M | $1.6M | $2.4M | $2.6M | $2.2M | $3.9M |
| Long-term debt | — | — | — | — | — | $14.1K | $318.0K | — | — | $125.0K |
| Total liabilities | $1.7M | $9.5M | $27.5M | $2.9M | $4.7M | $2.6M | $2.7M | $2.6M | $5.7M | $4.1M |
| Retained earnings | -$138.2M | -$117.1M | -$115.3M | -$81.2M | -$58.2M | -$25.2M | -$14.0M | -$29.8M | -$9.6M | -$87.1M |
| Total equity | $3.7M | $4.7M | $14.1M | $52.1M | $73.4M | $39.4M | $68.9K | $108.4K | -$4.5M | $83.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.7M | -$13.3M | -$26.2M | -$18.7M | -$26.6M | -$10.0M | -$4.1M | -$10.6M | -$4.2M | -$1.4M |
| Depreciation and amortisation | — | $1.4M | $1.1M | $580.4K | $314.2K | $209.5K | $615.7K | $359.7K | $218.7K | $115.5K |
| Stock-based compensation | $1.9M | $713.7K | $918.1K | $1.2M | $7.6M | $1.8M | $3.4M | $82.4K | $709.0K | $602.4K |
| Capital expenditure | — | $199.3K | $2.1M | $1.6M | $538.0K | $504.3K | $469.8K | $43.1K | $6.6K | $77.3K |
| Investing cash flow | -$2.9M | -$3.1M | $8.9M | -$11.3M | -$600.4K | $2.5M | -$374.4K | $6.4M | -$257.9K | -$77.3K |
| Financing cash flow | -$551.9K | -$10.9M | $21.6M | — | $59.9M | $43.4M | $5.1M | $8.1M | $4.8M | $1.4M |
| Buybacks | — | $376.6K | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-026653.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M | $4.3M | $6.1M | $890.2K | $1.6M | $2.7M | $3.0M | $498.9K | $63.8K | — |
| Gross profit | $3.8M | -$257.9K | -$1.8M | $198.3K | -$166.5K | -$2.1M | -$3.1M | -$4.6M | -$6.6M | -$956.2K |
| Net income | -$1.2M | -$7.6M | -$18.7M | -$8.7M | -$10.8M | -$33.1M | -$22.9M | $34.2M | $1.8M | $21.1M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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