Firy Inc. FIRY
We were founded on one simple belief: competition holds the power to unleash possibilities in all of us. We are all born with skills and when we are able to apply those skills through competition, we can achieve great things. That is the guiding principle behind why we are advancing competitive mobile gaming.
Our Company's mission is to bring out the best in everyone through competition. We believe our business model is unique in that we create both opportunities for game developers to turn their craft into financial success and opportunities for players to experience wins through our platform.
Our proprietary multi-player platform, a form of social media solution, provides interactive entertainment through competitive game content. We believe our platform democratizes the mobile gaming industry by "leveling the playing field" for developers worldwide, enabling us to deliver gaming experiences that our player community can trust. The trust and fairness we foster with our player community is part of the foundation upon which our business is built.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.5M | $92.9M | $152.1M | $269.7M | $380.2M | $229.0M | $119.9M | $50.8M | — |
| Cost of revenue | $13.1M | $13.4M | $15.4M | $30.7M | $25.2M | $12.3M | $5.7M | $2.1M | — |
| Gross profit | $91.4M | $79.5M | $136.7M | $239.0M | $354.9M | $216.8M | $114.2M | $48.7M | — |
| R&D | $20.6M | $16.7M | $28.1M | $52.3M | $46.2M | $23.2M | $11.2M | $7.5M | — |
| SG&A | $71.1M | $78.9M | $96.7M | $163.0M | $135.8M | $42.5M | $16.4M | $15.0M | — |
| Total operating expenses | $168.4M | $139.4M | $266.4M | $691.1M | $674.0M | $332.2M | $144.7M | $76.3M | — |
| Operating income | -$63.9M | -$46.5M | -$114.3M | -$421.4M | -$293.8M | -$103.2M | -$24.8M | -$25.5M | — |
| Interest expense | $15.2M | $15.1M | $21.5M | $40.6M | $1.2M | $1.3M | $2.5M | $2.2M | — |
| Pre-tax income | -$70.3M | -$46.7M | -$101.1M | -$439.2M | -$207.1M | -$149.0M | -$23.6M | -$27.8M | — |
| Income tax | $108.0K | $66.0K | $239.0K | $345.0K | $19.1M | $115.0K | $0 | $0 | — |
| Net income | -$70.4M | -$46.8M | -$101.4M | -$438.9M | -$187.9M | -$149.1M | -$23.6M | -$27.8M | — |
| EPS, basic | -4.51 | -2.62 | -4.85 | -21.41 | -0.49 | -0.51 | -0.09 | — | — |
| EPS, diluted | -4.51 | -2.62 | -4.85 | -21.41 | -0.71 | -0.51 | -0.09 | -0.12 | — |
| Shares, diluted (wtd. avg.) | $15.6M | $17.8M | $20.9M | $20.5M | $388.5M | $294.5M | $261.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $194.5M | $271.9M | $312.0M | $365.4M | $244.3M | $265.6M | $28.5M | $22.5M | $7.0M |
| Short-term investments | — | $0 | $0 | $127.3M | $319.1M | $0 | — | — | — |
| Receivables | $14.4M | $4.9M | $5.9M | $7.2M | $10.7M | $0 | — | — | — |
| Total current assets | $216.5M | $303.2M | $314.7M | $501.7M | $568.3M | $273.2M | $35.1M | — | — |
| Property, plant and equipment | $20.8M | $16.3M | $14.5M | — | — | $5.3M | $3.6M | — | — |
| Goodwill | — | — | — | $85.5M | $86.3M | $0 | — | — | — |
| Other intangibles | — | — | — | $20.0M | $79.1M | $0 | — | — | — |
| Total assets | $293.5M | $374.3M | $395.8M | $621.3M | $808.1M | $282.4M | $38.9M | — | — |
| Accounts payable | $9.7M | $9.8M | $1.7M | $1.7M | $19.8M | $22.0M | $2.9M | — | — |
| Short-term debt | $127.6M | $0 | — | — | $0 | — | — | — | — |
| Total current liabilities | $180.7M | $65.9M | $49.9M | $49.5M | $46.2M | $55.3M | $10.5M | — | — |
| Long-term debt | $0 | $125.7M | $123.9M | $272.8M | $278.9M | $0 | $9.6M | — | — |
| Total liabilities | $181.6M | $201.2M | $185.3M | $342.9M | $135.6M | $233.6M | $20.2M | — | — |
| Retained earnings | -$1.09B | -$1.02B | -$974.5M | -$873.1M | -$382.2M | -$246.3M | -$90.3M | — | — |
| Total equity | $111.8M | $173.0M | $210.5M | $278.4M | $609.2M | $48.8M | $14.2M | $1.1M | $3.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$68.9M | -$7.1M | -$71.8M | -$179.6M | -$180.2M | -$56.2M | -$21.9M | -$16.9M | — |
| Depreciation and amortisation | $1.4M | $1.7M | $2.0M | $17.9M | $11.7M | $1.6M | $711.0K | $404.0K | — |
| Stock-based compensation | $19.6M | $30.0M | $43.7M | $108.2M | $60.3M | $23.8M | $1.2M | $6.7M | — |
| Capital expenditure | $1.4M | $668.0K | $13.2M | $1.9M | $3.2M | $3.2M | $3.2M | $867.0K | — |
| Investing cash flow | -$6.1M | -$1.4M | $168.3M | $311.4M | -$643.9M | -$3.2M | -$3.2M | -$867.0K | — |
| Financing cash flow | -$11.0M | -$21.7M | -$150.0M | -$10.6M | $802.7M | $296.6M | $31.2M | $33.3M | — |
| Buybacks | $9.3M | $19.3M | $13.0M | $0 | $0 | $1.3M | $0 | $0 | — |
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 0001140361-26-018357.
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