CSAI

MKT CAP:$11M

Cloudastructure Inc.

Market Cap

$11M

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

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$0.60-$0.32 (-34.37%)

Apr 21, 2026

Company Details

Cloudastructure Inc. provides cloud-based video surveillance, storage, analytics, and monitoring products in the United States. The company offers AI surveillance, remote guarding, and mobile surveillance related services. It also offers sm...

CEO

James McCormick

IPO Date

Jan 30, 2025

Website

www.cloudastructure.com

Key Metrics TTM

Revenue

$4M

+315.0% YoY

Net Income

-$8M

EPS (Diluted)

-$0.50

Free Cash Flow

-$5M

Revenue / Share

$0.23

Gross Margin

29.5%

Operating Margin

-167.5%

Net Margin

-173.4%

FCF Margin

-119.0%

P/S

2.5x

P/E

—

Earnings Reports

FY 2025

Mar 31, 2026

$5M+271.4%EPS -$0.55

Q4 2025

Mar 31, 2026

$2M+306.4%EPS -$0.11

Q3 2025

Nov 13, 2025

$1M+271.8%EPS -$0.14

Q1 2025

May 15, 2025

$737.8K+211.3%EPS -$0.16

FY 2024

Mar 31, 2025

$1M+124.7%EPS -$0.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$75.0K	-$82.0K	-$2M
Q2 23	$138.0K	-$36.0K	-$2M
Q3 23	$254.0K	$12.0K	-$1M
Q4 23	$140.0K	-$11.0K	-$3M
Q1 24	$237.0K	-$16.0K	-$1M
Q2 24	$297.0K	$108.0K	-$2M
Q3 24	$390.0K	$64.0K	-$2M
Q4 24	$440.0K	$218.0K	-$1M
Q1 25	$737.8K	$330.0K	-$2M
Q3 25	$1M	$720.0K	-$2M
Q4 25	$2M	$35.0K	-$2M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	456.7x	—
Q1 24	360.5x	—
Q2 24	298.7x	—
Q3 24	260.6x	—
Q4 24	203.3x	—
Q1 25	34.7x	—
Q3 25	6.1x	—
Q4 25	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$2M	-$2M
Q2 23	-$1M	-$1M
Q3 23	-$1M	-$1M
Q4 23	-$1M	-$1M
Q1 24	-$1M	-$1M
Q2 24	-$1M	-$1M
Q3 24	-$1M	-$1M
Q4 24	$38.0K	$32.0K
Q1 25	-$2M	-$3M
Q3 25	-$1M	-$1M
Q4 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q1 23	$6.0K
Q2 23	$0
Q3 23	$13.0K
Q4 23	$24.0K
Q1 24	$9.0K
Q2 24	$7.0K
Q3 24	$5.0K
Q4 24	$6.0K
Q1 25	$30.0K
Q3 25	$106.0K
Q4 25	$59.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+216.0%	-35.9%
Q2 24	+115.2%	-13.2%
Q3 24	+53.5%	+40.4%
Q4 24	+214.3%	-51.0%
Q1 25	+211.3%	+117.4%
Q3 25	+388.2%	+68.3%
Q4 25	+358.5%	+82.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$588.0K	426.1%
Q3 23	$0	0.0%
Q4 23	$566.0K	404.3%
Q1 24	$278.0K	117.3%
Q2 24	$540.0K	181.8%
Q3 24	$502.0K	128.7%
Q4 24	$715.0K	162.5%
Q1 25	$627.0K	85.0%
Q3 25	$0	0.0%
Q4 25	$514.0K	28.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$608.0K	$544.0K	$968.0K	—
Q2 23	$646.0K	$885.0K	$645.0K	—
Q3 23	$390.0K	$305.0K	$417.0K	—
Q4 23	$652.0K	$982.0K	$656.0K	—
Q1 24	$354.0K	—	—	$853.0K
Q2 24	$499.0K	$729.0K	$623.0K	—
Q3 24	$327.0K	$306.0K	$495.0K	—
Q4 24	$220.0K	$211.0K	$292.0K	—
Q1 25	$606.0K	$713.0K	$811.0K	—
Q3 25	$446.0K	$504.0K	$968.0K	—
Q4 25	$452.0K	$586.0K	$375.0K	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	—	-2862.7%	—
Q2 23	—	-1560.9%	—
Q3 23	—	-431.9%	—
Q4 23	—	-1167.9%	—
Q1 24	216.0%	-716.5%	-500.5
Q2 24	115.2%	-557.2%	-442.0
Q3 24	53.5%	-402.1%	-348.5
Q4 24	214.3%	-279.5%	-65.3
Q1 25	211.3%	-328.4%	-117.1
Q3 25	388.2%	-140.5%	247.7
Q4 25	358.5%	-95.0%	263.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$4M	$0	$4M
Q1 24	$3M	$0	$3M
Q2 24	$2M	$0	$2M
Q3 24	$444.0K	$0	$444.0K
Q4 24	$52.0K	$0	$52.0K
Q1 25	$7M	$0	$7M
Q2 25	$8M	$0	$8M
Q3 25	$6M	$0	$6M
Q4 25	$8M	$0	$8M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	15M	—	—
Q2 23	15M	0.0%	—
Q3 23	15M	0.0%	—
Q4 23	15M	0.0%	—
Q1 24	15M	0.0%	0.0%
Q2 24	15M	0.0%	0.0%
Q3 24	15M	0.0%	0.0%
Q4 24	15M	0.0%	0.0%
Q1 25	16M	+9.1%	+9.1%
Q3 25	14M	-9.8%	-1.6%
Q4 25	19M	+31.1%	+29.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$27.5K	16
Q1 25	$46.1K	16
Q3 25	$90.6K	16
Q4 25	$34.4K	52

Revenue / Employee