DYAI · CIK 0001213809

DYADIC INTERNATIONAL, INC.

Annual figures as reported, FY2016–FY2025. Ratios and growth rates derived on-page.

Revenue

$3.1M

▼ −11.6% vs FY2024

Net income

−$7.4M

▼ −26.8% vs FY2024

Operating cash flow

−$5.7M

▼ −43.5% vs FY2024

Diluted EPS

−$0.23

▼ −15.0% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Recent quarters

momentum · last 12 quarters

Revenue — Mar ’26 quarter

$1.1M

▲ +182.3% vs Mar ’25

Net income — Mar ’26 quarter

−$2.0M

▲ +3.6% vs Mar ’25

Revenue — trailing 12 months

$3.8M

▲ +7.1% vs Mar ’25

Diluted EPS — trailing 12 months

−$0.21

▼ −5.0% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

Quarterly net income

Losses shown in terracotta

Quarter	Revenue	Rev. YoY	Gross margin	Net income	Net margin	Diluted EPS
Mar ’26	$1.1M	182.3%	—	−$2.0M	−175.9%	−$0.05
Dec ’25	$566K	−30.8%	—	−$1.6M	−277.1%	−$0.04
Sep ’25	$1.2M	−40.5%	—	−$2.0M	−169.7%	−$0.06
Jun ’25	$967K	150.5%	—	−$1.8M	−185.6%	−$0.06
Mar ’25	$394K	17.6%	—	−$2.0M	−515.2%	−$0.07
Dec ’24	$817K	19.1%	—	−$1.6M	−189.7%	−$0.05
Sep ’24	$2.0M	393.0%	—	−$203K	−10.4%	−$0.01
Jun ’24	$386K	−53.9%	—	−$2.0M	−530.0%	−$0.07

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Growth rates

compounding, annualized

Revenue CAGR

+1.8%

+14.0%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	ROE	ROA	Current ratio
FY2025	24.9%	−232.8%	−238.3%	−597.6%	−74.0%	2.68×
FY2024	65.8%	−168.8%	−166.2%	−235.2%	−58.5%	4.01×
FY2023	31.8%	−283.9%	−234.4%	−115.6%	−82.7%	3.58×
FY2022	27.5%	−346.9%	−332.2%	−87.8%	−71.0%	5.48×
FY2021	19.1%	−612.7%	−543.7%	−71.1%	−61.4%	8.22×
FY2020	11.0%	−625.9%	−582.1%	−32.8%	−31.0%	18.32×
FY2019	13.2%	−552.2%	−494.2%	−23.2%	−22.2%	22.44×
FY2018	20.7%	−586.1%	−439.4%	−13.4%	−13.1%	50.31×
FY2017	10.3%	−939.7%	−281.6%	−4.3%	−4.2%	64.53×
FY2016	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	$3.1M	$770K	−$7.2M	−$7.4M	−$0.23	−$5.7M	—	$9.9M	$8.7M	$1.2M	$4.6M	—
FY2024	$3.5M	$2.3M	−$5.9M	−$5.8M	−$0.20	−$4.0M	—	$9.9M	$7.5M	$2.5M	$6.5M	—
FY2023	$2.9M	$923K	−$8.2M	−$6.8M	−$0.24	−$6.7M	—	$8.2M	$2.3M	$5.9M	$6.5M	—
FY2022	$2.9M	$807K	−$10.2M	−$9.7M	−$0.34	−$8.1M	—	$13.7M	$2.6M	$11.1M	$5.8M	—
FY2021	$2.4M	$459K	−$14.7M	−$13.1M	−$0.47	−$11.3M	—	$21.3M	$2.9M	$18.4M	$15.7M	—
FY2020	$1.6M	$177K	−$10.0M	−$9.3M	−$0.34	−$6.6M	—	$30.1M	$1.6M	$28.4M	$20.6M	—
FY2019	$1.7M	$221K	−$9.3M	−$8.3M	−$0.31	−$5.8M	—	$37.5M	$1.6M	$35.9M	$4.8M	—
FY2018	$1.3M	$268K	−$7.6M	−$5.7M	−$0.21	−$4.4M	—	$43.3M	$850K	$42.5M	$2.4M	—
FY2017	$758K	$78K	−$7.1M	−$2.1M	−$0.07	−$1.7M	—	$50.7M	$769K	$50.0M	$5.8M	—
FY2016	—	—	—	—	—	—	—	—	—	$57.7M	$14.3M	—

Latest filings

the most recent regulatory filings

8-KCurrent report — material event2026-06-22 ↗DEFA14AProxy statement2026-06-18 ↗8-KCurrent report — material event2026-06-18 ↗8-KCurrent report — material event2026-06-15 ↗8-KCurrent report — material event2026-05-28 ↗8-KCurrent report — material event2026-05-13 ↗10-QQuarterly report2026-05-13 ↗DEF 14AProxy statement2026-05-12 ↗SCHEDULE 13G/ASEC filing2026-05-11 ↗SCHEDULE 13GSEC filing2026-05-11 ↗

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Quarter

Revenue

Rev. YoY

Gross margin

Net income

Net margin

Diluted EPS

Mar ’26

$1.1M

182.3%

—

−$2.0M

−175.9%

−$0.05

Dec ’25

$566K

−30.8%

—

−$1.6M

−277.1%

−$0.04

Sep ’25

$1.2M

−40.5%

—

−$2.0M

−169.7%

−$0.06

Jun ’25

$967K

150.5%

—

−$1.8M

−185.6%

−$0.06

Mar ’25

$394K

17.6%

—

−$2.0M

−515.2%

−$0.07

Dec ’24

$817K

19.1%

—

−$1.6M

−189.7%

−$0.05

Sep ’24

$2.0M

393.0%

—

−$203K

−10.4%

−$0.01

Jun ’24

$386K

−53.9%

—

−$2.0M

−530.0%

−$0.07

Fiscal year

Gross margin

Op. margin

Net margin

ROE

ROA

Current ratio

FY2025

24.9%

−232.8%

−238.3%

−597.6%

−74.0%

2.68×

FY2024

65.8%

−168.8%

−166.2%

−235.2%

−58.5%

4.01×

FY2023

31.8%

−283.9%

−234.4%

−115.6%

−82.7%

3.58×

FY2022

27.5%

−346.9%

−332.2%

−87.8%

−71.0%

5.48×

FY2021

19.1%

−612.7%

−543.7%

−71.1%

−61.4%

8.22×

FY2020

11.0%

−625.9%

−582.1%

−32.8%

−31.0%

18.32×

FY2019

13.2%

−552.2%

−494.2%

−23.2%

−22.2%

22.44×

FY2018

20.7%

−586.1%

−439.4%

−13.4%

−13.1%

50.31×

FY2017

10.3%

−939.7%

−281.6%

−4.3%

−4.2%

64.53×

FY2016

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

$3.1M

$770K

−$7.2M

−$7.4M

−$0.23

−$5.7M

—

$9.9M

$8.7M

$1.2M

$4.6M

—

FY2024

$3.5M

$2.3M

−$5.9M

−$5.8M

−$0.20

−$4.0M

—

$9.9M

$7.5M

$2.5M

$6.5M

—

FY2023

$2.9M

$923K

−$8.2M

−$6.8M

−$0.24

−$6.7M

—

$8.2M

$2.3M

$5.9M

$6.5M

—

FY2022

$2.9M

$807K

−$10.2M

−$9.7M

−$0.34

−$8.1M

—

$13.7M

$2.6M

$11.1M

$5.8M

—

FY2021

$2.4M

$459K

−$14.7M

−$13.1M

−$0.47

−$11.3M

—

$21.3M

$2.9M

$18.4M

$15.7M

—

FY2020

$1.6M

$177K

−$10.0M

−$9.3M

−$0.34

−$6.6M

—

$30.1M

$1.6M

$28.4M

$20.6M

—

FY2019

$1.7M

$221K

−$9.3M

−$8.3M

−$0.31

−$5.8M

—

$37.5M

$1.6M

$35.9M

$4.8M

—

FY2018

$1.3M

$268K

−$7.6M

−$5.7M

−$0.21

−$4.4M

—

$43.3M

$850K

$42.5M

$2.4M

—

FY2017

$758K

$78K

−$7.1M

−$2.1M

−$0.07

−$1.7M

—

$50.7M

$769K

$50.0M

$5.8M

—

FY2016

—

$57.7M

$14.3M

—