AMST

MKT CAP:$7M

Amesite Inc.

Market Cap

$7M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$1.36-$0.64 (-32.00%)

Apr 21, 2026

Company Details

Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include business...

CEO

Ann Marie Sastry

IPO Date

Sep 25, 2020

Website

www.amesite.com

Key Metrics TTM

Revenue

$288.8K

+235.4% YoY

Net Income

-$3M

EPS (Diluted)

-$0.74

Free Cash Flow

-$2M

Revenue / Share

$0.06

Gross Margin

6.4%

Operating Margin

-1022.4%

Net Margin

-1025.7%

FCF Margin

-775.5%

P/S

23.9x

P/E

—

Earnings Reports

Q3 2026

May 13, 2026

PENDING

Q2 2026

Feb 5, 2026

$108.0K+746.8%EPS -$0.16

Q1 2026

Oct 24, 2025

$94.3K+738.2%EPS -$0.14

FY 2025

Sep 29, 2025

$110.5K-33.8%EPS -$1.03

Q4 2025

Sep 29, 2025

$55.8K+100.3%EPS -$0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$209.5K	$209.5K	-$2M
Q4 22	$157.6K	-$35.9K	-$2M
Q1 23	$280.3K	$93.2K	-$2M
Q2 23	$237.1K	$61.8K	-$712.0K
Q3 23	$204.6K	$41.3K	-$945.5K
Q4 23	$123.0K	-$33.9K	-$984.8K
Q1 24	$63.3K	-$89.0K	-$950.0K
Q2 24	$41.4K	-$98.2K	-$956.1K
Q3 24	$34.3K	-$87.9K	-$1M
Q4 24	$27.8K	-$91.6K	-$1M
Q1 25	$11.3K	-$107.0K	-$927.3K
Q2 25	$12.8K	-$100.2K	-$1M
Q3 25	$30.7K	-$69.8K	-$687.7K
Q4 25	$55.8K	-$46.3K	-$857.7K
Q1 26	$94.3K	$94.3K	-$662.1K
Q2 26	$108.0K	$40.3K	-$745.3K

Valuation

Quarter	P/S	P/E
Q3 22	8.7x	—
Q4 22	9.9x	—
Q1 23	8.3x	—
Q2 23	7.8x	—
Q3 23	7.8x	—
Q4 23	8.2x	—
Q1 24	11.0x	—
Q2 24	16.0x	—
Q3 24	26.4x	—
Q4 24	41.4x	—
Q1 25	60.1x	—
Q2 25	80.2x	—
Q3 25	83.6x	—
Q4 25	62.5x	—
Q1 26	35.7x	—
Q2 26	23.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$1M	-$1M
Q4 22	-$2M	-$2M
Q1 23	-$809.8K	-$922.2K
Q2 23	-$1M	-$1M
Q3 23	-$746.9K	-$862.6K
Q4 23	-$665.7K	-$768.0K
Q1 24	-$658.8K	-$724.0K
Q2 24	-$919.1K	-$973.2K
Q3 24	-$581.5K	-$690.9K
Q4 24	-$654.4K	-$654.4K
Q1 25	-$488.3K	-$636.3K
Q2 25	-$850.4K	-$850.5K
Q3 25	-$677.1K	-$677.1K
Q4 25	-$439.4K	-$525.5K
Q1 26	-$415.8K	-$503.4K
Q2 26	-$621.1K	-$533.5K

Capital Expenditures

Quarter	CapEx
Q3 22	$79.0K
Q4 22	$123.2K
Q1 23	$112.4K
Q2 23	$65.7K
Q3 23	$115.7K
Q4 23	$102.3K
Q1 24	$65.2K
Q2 24	$54.2K
Q3 24	$109.4K
Q4 24	$5
Q1 25	$148.0K
Q2 25	$2
Q3 25	$0
Q4 25	$86.1K
Q1 26	$87.6K
Q2 26	$87.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+4.0%	+15.2%
Q4 22	-38.5%	+37.3%
Q1 23	+99.2%	-3.5%
Q2 23	+25.4%	-62.3%
Q3 23	-2.4%	-52.5%
Q4 23	-22.0%	-51.7%
Q1 24	-77.4%	-45.6%
Q2 24	-82.5%	+5.1%
Q3 24	-83.3%	+30.3%
Q4 24	-77.4%	+11.7%
Q1 25	-82.2%	-7.4%
Q2 25	-69.2%	+14.6%
Q3 25	-10.4%	-52.0%
Q4 25	+100.3%	-26.2%
Q1 26	+738.2%	-19.4%
Q2 26	+746.8%	-25.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$414.7K	198.0%
Q4 22	$215.7K	136.9%
Q1 23	$175.8K	62.7%
Q2 23	-$77.9K	-32.8%
Q3 23	$5.9K	2.9%
Q4 23	$75.7K	61.6%
Q1 24	$55.1K	87.0%
Q2 24	$33.1K	80.0%
Q3 24	$672.5K	1962.9%
Q4 24	$73.7K	264.8%
Q1 25	$65.4K	581.7%
Q2 25	$41.0K	321.3%
Q3 25	-$144.6K	-471.2%
Q4 25	$264.2K	473.9%
Q1 26	$72.3K	76.6%
Q2 26	$72.3K	66.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$900.0K	$1M	$282.7K	—
Q4 22	$495.6K	—	—	$2M
Q1 23	$300.1K	—	—	$1M
Q2 23	$261.7K	—	—	$512.1K
Q3 23	$122.4K	—	—	$864.4K
Q4 23	$182.1K	—	—	$768.8K
Q1 24	$187.4K	—	—	$673.6K
Q2 24	$197.9K	—	—	$660.0K
Q3 24	$108.0K	—	—	$1M
Q4 24	$72.7K	—	—	$1M
Q1 25	$27.7K	—	—	$792.6K
Q2 25	$105.3K	—	—	$925.4K
Q3 25	$77.9K	—	—	$540.0K
Q4 25	$71.8K	—	—	$739.6K
Q1 26	$102.9K	$547.1K	$106.5K	—
Q2 26	$164.9K	$578.9K	$109.5K	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 22	4.0%	-941.2%	-937.2
Q4 22	-38.5%	-1233.3%	-1271.8
Q1 23	99.2%	-496.0%	-396.8
Q2 23	25.4%	-221.0%	-195.7
Q3 23	-2.4%	-373.8%	-376.1
Q4 23	-22.0%	-643.6%	-665.6
Q1 24	-77.4%	-1165.8%	-1243.2
Q2 24	-82.5%	-1848.2%	-1930.7
Q3 24	-83.3%	-3805.4%	-3888.6
Q4 24	-77.4%	-3812.2%	-3889.6
Q1 25	-82.2%	-7020.2%	-7102.4
Q2 25	-69.2%	-7905.2%	-7974.4
Q3 25	-10.4%	-1834.2%	-1844.6
Q4 25	100.3%	-1474.0%	-1373.8
Q1 26	738.2%	-617.0%	121.2
Q2 26	746.8%	-615.3%	131.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$9M	$0	$9M
Q4 22	$7M	$0	$7M
Q1 23	$8M	$0	$8M
Q2 23	$7M	$0	$7M
Q3 23	$6M	$0	$6M
Q4 23	$5M	$0	$5M
Q1 24	$5M	$0	$5M
Q2 24	$4M	$0	$4M
Q3 24	$3M	$0	$3M
Q4 24	$2M	$0	$2M
Q1 25	$1M	$0	$1M
Q2 25	$519.7K	$0	$519.7K
Q3 25	$3M	$0	$3M
Q4 25	$2M	$0	$2M
Q1 26	$2M	$0	$2M
Q2 26	$1M	$0	$1M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	2M	+8.3%	+15.9%
Q4 22	2M	+16.0%	+34.3%
Q1 23	2M	-0.7%	+26.9%
Q2 23	3M	+10.5%	+37.8%
Q3 23	3M	+0.1%	+27.5%
Q4 23	3M	+0.5%	+10.5%
Q1 24	3M	0.0%	+11.3%
Q2 24	3M	0.0%	+0.7%
Q3 24	3M	0.0%	+0.5%
Q4 24	3M	0.0%	0.0%
Q1 25	3M	+6.5%	+6.5%
Q2 25	3M	+3.1%	+9.8%
Q3 25	3M	0.0%	+9.8%
Q4 25	5M	+63.8%	+79.9%
Q1 26	5M	0.0%	+68.9%
Q2 26	5M	0.0%	+63.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$8.1K	26
Q4 22	$11.3K	14
Q1 23	$20.0K	14
Q2 23	$16.9K	14
Q3 23	$14.6K	14
Q4 23	$10.3K	12
Q1 24	$5.3K	12
Q2 24	$3.5K	12
Q3 24	$2.9K	12
Q4 24	$3.1K	9
Q1 25	$1.3K	9
Q2 25	$1.4K	9
Q3 25	$3.4K	9
Q4 25	$9.3K	6
Q1 26	$15.7K	6
Q2 26	$18.0K	6

Revenue / Employee