Revenue
$8.97M
Fiscal year ended 2025-12-31Operating income
-$5.70M
Fiscal year ended 2025-12-31Free cash flow
-$2.93M
Fiscal year ended 2025-12-31MILESTONE SCIENTIFIC INC. (MLSS) reported revenue of $8.97M and net income of -$5.72M for the fiscal year ended 2025-12-31. This page shows 9 annual periods of income statement, balance sheet and cash flow figures normalized from MILESTONE SCIENTIFIC INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Orthopedic, Prosthetic & Surgical Appliances & Supplies.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.97M | $8.63M | $9.83M | $8.81M | $10.30M | $5.44M | $8.37M | $9.62M | $11.28M |
| Cost of revenue | $2.57M | $2.20M | $3.03M | $3.91M | $3.99M | $1.82M | $2.66M | $5.19M | $4.31M |
| Gross profit | $6.41M | $6.43M | $6.79M | $4.90M | $6.31M | $3.62M | $5.72M | $4.43M | $6.97M |
| Operating income | -$5.70M | -$6.76M | -$7.11M | -$8.83M | -$7.38M | -$7.45M | -$4.00M | -$8.00M | -$5.23M |
| Net income | -$5.72M | -$4.71M | -$6.93M | -$8.71M | -$6.82M | -$7.34M | -$7.52M | -$7.43M | -$5.19M |
| Research & development | $449.47K | $858.77K | $701.38K | $1.15M | $878.21K | $307.85K | $189.92K | $245.64K | $272.75K |
| Weighted-average diluted shares | shares 82.06M | shares 79.79M | Unavailable | Unavailable | shares 68.83M | shares 63.06M | shares 45.74M | shares 35.30M | shares 32.70M |
| Pretax income | -$5.72M | -$4.71M | -$6.98M | -$8.77M | -$7.12M | -$7.47M | -$7.64M | -$8.00M | -$5.23M |
| Income tax expense | Unavailable | Unavailable | $0 | $0 | $333 | $15.50K | $18.13K | $23.99K | $19.09K |
| Diluted EPS | $-0.07 | $-0.06 | Unavailable | Unavailable | $-0.10 | $-0.12 | $-0.16 | $-0.21 | $-0.16 |
| Selling, general & administrative | $11.58M | $12.30M | $13.14M | $12.51M | $12.74M | $10.67M | $9.53M | $10.65M | $11.93M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.10M | $3.26M | $2.98M | $8.72M | $14.76M | $14.22M | $1.52M | $2.00M | $2.64M |
| Total assets | $7.81M | $9.80M | $11.37M | $13.70M | $19.81M | $19.57M | $6.56M | $6.40M | $15.63M |
| Current assets | $7.48M | $9.29M | $10.79M | $12.97M | $18.93M | $18.55M | $6.08M | $5.86M | $12.02M |
| Total liabilities | $4.99M | $3.96M | $3.36M | $3.70M | $3.59M | $3.46M | $4.93M | $4.87M | $8.13M |
| Current liabilities | $4.13M | $3.74M | $3.08M | $3.30M | $3.10M | $2.88M | $4.93M | $4.87M | $6.73M |
| Total equity incl. NCI | $2.81M | $5.83M | $8.01M | $10.01M | $16.22M | $16.11M | $1.63M | $1.53M | $7.50M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $3.78M | $3.71M | $2.64M | $1.79M | $1.54M | $2.42M | $1.62M | $1.92M | $3.38M |
| Accounts receivable | Unavailable | $475.38K | $312.66K | $693.72K | $943.27K | $1.08M | $1.71M | $1.98M | $1.54M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | $1.10M | $780.43K | $482.97K | $1.38M | $1.06M | $977.62K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.92M | -$2.92M | -$5.33M | -$6.03M | -$4.03M | -$6.98M | -$1.78M | -$1.63M | -$1.23M |
| Capital expenditures | $15.12K | $10.12K | Unavailable | $8.53K | $15.19K | $21.44K | $9.92K | $7.40K | $6.01K |
| Investing cash flow | -$15.12K | $2.97M | -$2.97M | -$8.53K | -$15.19K | -$21.44K | -$9.92K | -$15.42K | -$199.18K |
| Financing cash flow | $786.34K | $233.77K | $2.56M | -$8.54K | $4.59M | $19.71M | $2.56M | -$250.00K | $463.34K |
| Net change in cash | -$2.15M | $280.34K | -$5.74M | -$6.05M | $540.43K | $12.71M | $772.84K | -$1.89M | -$965.27K |
| Stock-based compensation | $952.72K | $1.35M | $1.47M | $1.50M | $790.92K | $550.35K | $183.89K | $409.02K | $651.41K |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $78.20K | $37.45K | $61.91K | $63.76K | $73.84K | $95.95K | $100.51K | $881.28K | $573.15K |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$2.93M | -$2.93M | Unavailable | Unavailable | -$4.05M | -$7.01M | -$1.79M | -$1.64M | -$1.24M |
| Gross margin | 71.4% | 74.6% | 69.1% | 55.7% | 61.3% | 66.6% | 68.3% | 46.1% | 61.8% |
| Operating margin | -63.5% | -78.3% | -72.3% | -100.2% | -71.6% | -137.1% | -47.8% | -83.1% | -46.4% |
| FCF margin | -32.7% | -34.0% | Unavailable | Unavailable | -39.3% | -128.9% | -21.4% | -17.0% | -11.0% |
| SBC / revenue | 10.6% | 15.6% | 14.9% | 17.0% | 7.7% | 10.1% | 2.2% | 4.3% | 5.8% |
| Current ratio | 1.81x | 2.48x | 3.51x | 3.93x | 6.11x | 6.45x | 1.23x | 1.20x | 1.79x |
| Revenue YoY growth | 4.0% | -12.2% | 11.6% | -14.5% | 89.5% | -35.1% | -13.0% | -14.7% | Unavailable |
| Net margin | -63.8% | -54.6% | -70.5% | -98.9% | -66.2% | -134.9% | -89.8% | -77.2% | -46.0% |
| R&D / revenue | 5.0% | 10.0% | 7.1% | 13.1% | 8.5% | 5.7% | 2.3% | 2.6% | 2.4% |
| CapEx / revenue | 0.2% | 0.1% | Unavailable | Unavailable | 0.1% | 0.4% | 0.1% | 0.1% | 0.1% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MLSS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-13View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-15View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.