FCUV

MKT CAP:$1M

Focus Universal Inc.

Market Cap

$1M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$2.17-$6.33 (-74.47%)

Apr 21, 2026

Company Details

Focus Universal Inc. develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output disp...

CEO

Desheng Wang

IPO Date

Nov 17, 2014

Website

www.focusuniversal.com

Key Metrics TTM

Revenue

$255.0K

-35.6% YoY

Net Income

-$5M

EPS (Diluted)

-$7.07

Free Cash Flow

-$5M

Revenue / Share

$0.34

Gross Margin

-13.8%

Operating Margin

-1918.8%

Net Margin

-1877.4%

FCF Margin

-2011.9%

P/S

4.5x

P/E

—

Earnings Reports

FY 2025

Mar 31, 2026

$255.0K-35.9%EPS -$7.07

Q4 2025

Mar 31, 2026

$749-99.4%EPS -$1.77

Q3 2025

Nov 10, 2025

$28.7KEPS -$1.60

Q2 2025

Aug 11, 2025

$35.3K+214.5%EPS -$2.00

Q1 2025

May 7, 2025

$190.3K+6.0%EPS -$1.70

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$634.8K	$113.4K	-$757.6K
Q4 21	$174.5K	$19.9K	-$876.3K
Q1 22	$157.2K	$13.6K	-$2M
Q2 22	$64.6K	$6.9K	-$1M
Q3 22	$60.7K	$18.2K	-$974.0K
Q4 22	$71.2K	-$16.7K	-$1M
Q1 23	$236.1K	$55.4K	-$1M
Q2 23	$215.4K	$66.1K	-$1M
Q3 23	$71.9K	$27.5K	-$1M
Q1 24	$179.5K	$90.3K	-$1M
Q2 24	$11.2K	$15.3K	-$1M
Q4 24	$133.2K	-$127.1K	-$2M
Q1 25	$190.3K	$30.5K	-$1M
Q2 25	$35.3K	-$12.4K	-$2M
Q3 25	$28.7K	-$1.6K	-$1M
Q4 25	$749	-$51.8K	-$898.6K

Valuation

Quarter	P/S	P/E
Q3 21	2695.5x	—
Q4 21	2780.7x	—
Q1 22	4772.6x	—
Q2 22	5593.4x	—
Q3 22	9022.3x	—
Q4 22	5021.6x	—
Q1 23	3137.1x	—
Q2 23	1731.8x	—
Q3 23	2124.6x	—
Q1 24	394.8x	—
Q2 24	339.6x	—
Q4 24	876.6x	—
Q1 25	610.8x	—
Q2 25	813.3x	—
Q3 25	605.8x	—
Q4 25	271.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$532.5K	-$539.4K
Q4 21	-$731.6K	-$747.7K
Q1 22	-$902.3K	-$933.8K
Q2 22	-$847.2K	-$855.4K
Q3 22	-$685.7K	-$685.2K
Q4 22	-$522.8K	-$525.8K
Q1 23	-$838.5K	-$848.5K
Q2 23	-$768.2K	-$775.5K
Q3 23	-$996.8K	-$999.9K
Q1 24	-$892.1K	-$897.1K
Q2 24	-$829.9K	-$834.6K
Q4 24	-$997.9K	-$1M
Q1 25	-$1M	-$1M
Q2 25	-$1M	-$1M
Q3 25	-$1M	-$1M
Q4 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q3 21	$6.9K
Q4 21	$16.1K
Q1 22	$31.5K
Q2 22	$8.2K
Q3 22	$505
Q4 22	$3.0K
Q1 23	$9.9K
Q2 23	$7.3K
Q3 23	$3.1K
Q1 24	$5.0K
Q2 24	$4.7K
Q4 24	$5.4K
Q1 25	$23.4K
Q2 25	$1.7K
Q3 25	$2.2K
Q4 25	$791

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+16.7%	+36.5%
Q4 21	-55.2%	+6.4%
Q1 22	-56.8%	+92.2%
Q2 22	-75.3%	+37.3%
Q3 22	-90.4%	-25.7%
Q4 22	-59.2%	+11.7%
Q1 23	+50.2%	-29.0%
Q2 23	+233.2%	+1.3%
Q3 23	+18.5%	+12.4%
Q1 24	+152.3%	+18.7%
Q2 24	-95.2%	-15.8%
Q4 24	-38.2%	+66.4%
Q1 25	+164.8%	+25.7%
Q2 25	-80.3%	+13.3%
Q3 25	+155.4%	-2.7%
Q4 25	-99.4%	-58.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$121.3K	69.5%
Q1 22	$892.7K	568.0%
Q2 22	$256.9K	397.5%
Q3 22	$174.7K	288.1%
Q4 22	$244.6K	343.8%
Q1 23	$282.8K	119.8%
Q2 23	$152.3K	70.7%
Q3 23	$148.1K	206.1%
Q1 24	$131.9K	73.5%
Q2 24	$171.1K	1523.1%
Q4 24	$0	0.0%
Q1 25	$105.2K	55.3%
Q2 25	$105.2K	297.7%
Q3 25	$129.5K	451.3%
Q4 25	$88.6K	11833.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 21	$55.5K	$800.7K	$14.8K	—
Q4 21	$54.6K	—	—	$841.7K
Q1 22	$561.7K	$1M	$38.3K	—
Q2 22	$167.4K	$1M	$17.5K	—
Q3 22	$133.1K	$782.1K	$77.0K	—
Q4 22	$198.2K	$878.1K	$9.5K	—
Q1 23	$276.5K	$1M	$11.9K	—
Q2 23	$343.0K	$731.6K	$63.1K	—
Q3 23	$305.9K	$787.7K	$25.2K	—
Q1 24	$343.3K	$921.6K	$39.3K	—
Q2 24	$296.2K	$915.2K	$35.6K	—
Q4 24	$433.9K	$1M	$4.2K	—
Q1 25	$372.3K	$755.4K	$49.0K	—
Q2 25	$467.3K	$1M	$7.4K	—
Q3 25	$288.1K	$763.3K	$2.4K	—
Q4 25	—	$803.5K	$1.5K	—

Revenue Segments

Quarter	Avx	Focus	Revenue	Revenue Related Party
Q3 21	$89.2K	$545.5K	—	—
Q4 21	—	—	$160.6K	$13.9K
Q1 22	—	—	$125.6K	$31.5K
Q2 22	—	—	$62.4K	$2.3K
Q3 22	—	—	$54.7K	$6.0K
Q4 22	—	—	$61.2K	$10.0K
Q1 23	—	—	$236.1K	—
Q2 23	—	—	$215.4K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$8M	$0	$8M
Q2 22	$7M	$163.5K	$7M
Q3 22	$6M	$84.8K	$6M
Q4 22	$4M	$105.5K	$4M
Q1 23	$3M	$51.4K	$3M
Q2 23	$1M	$60.7K	$1M
Q3 23	$1M	$39.2K	$1M
Q4 23	$428.3K	$36.7K	$465.0K
Q1 24	$78.8K	$35.3K	$114.1K
Q2 24	$13.1K	$27.6K	$40.6K
Q3 24	$5M	$27.0K	$5M
Q4 24	$4M	$24.7K	$4M
Q1 25	$2M	$21.7K	$2M
Q2 25	$1M	$39.4K	$1M
Q3 25	$410.9K	$43.5K	$454.4K
Q4 25	$8M	$22.9K	$8M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	632K	+2.8%	+2.8%
Q4 21	649K	+2.7%	+5.6%
Q1 22	649K	0.0%	+5.6%
Q2 22	651K	+0.3%	+5.9%
Q3 22	652K	+0.2%	+3.2%
Q4 22	647K	-0.8%	-0.3%
Q1 23	451K	-30.2%	-30.4%
Q2 23	552K	+22.2%	-15.3%
Q3 23	652K	+18.1%	-0.0%
Q1 24	648K	-0.6%	+0.1%
Q2 24	648K	+0.1%	+43.6%
Q4 24	715K	+10.3%	+29.7%
Q1 25	744K	+4.0%	+14.1%
Q2 25	753K	+1.2%	+16.3%
Q3 25	736K	-2.3%	+13.5%
Q4 25	742K	+0.9%	+3.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$30.2K	21
Q4 21	$13.4K	13
Q1 22	$12.1K	13
Q2 22	$5.0K	13
Q3 22	$4.7K	13
Q4 22	$2.2K	32
Q1 23	$7.4K	32
Q2 23	$6.7K	32
Q3 23	$2.2K	32
Q1 24	$4.2K	43
Q2 24	$261	43
Q4 24	$2.9K	46
Q1 25	$4.1K	46
Q2 25	$768	46
Q3 25	$624	46
Q4 25	$1	1K

Revenue / Employee