Complete Filing Data
ScanTech AI Systems Inc. reported Members Equity of -$121.66 million for FY2022.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean ScanTech AI Systems Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 |
|---|---|---|
| Net Income * | -$23.1M | -$35.5M |
| Research And Development Expense | $3.4M | $3.2M |
| Operating Income Loss | -$8.9M | -$9.6M |
| Operating Expenses | $9.0M | $9.6M |
| Nonoperating Income Expense | -$14.1M | -$26.0M |
| Interest Expense Nonoperating | $12.4M | $10.3M |
| General And Administrative Expense | $5.6M | $6.3M |
| Revenue From Contract With Customer Excluding Assessed Tax | $542.2K | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | ||
| Research And Development RD Tax Credit Receivable Current | $276.7K | |
| Cost Of Revenue | $448.1K | |
| Gross Profit |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|
| Net Income * | -$9.7M | -$21.1M | -$2.7M | -$23.4M | -$5.7M | -$18.4M | |
| Research And Development Expense | $517.6K | $1.3M | $1.0M | $814.5K | $914.6K | $875.3K | |
| Operating Income Loss | -$4.9M | -$3.0M | -$5.7M | -$2.2M | -$2.2M | -$2.0M | |
| Operating Expenses | $5.1M | $3.3M | $5.8M | $2.2M | $2.3M | $2.0M | |
| Nonoperating Income Expense | -$4.8M | -$18.1M | $3.0M | -$21.2M | -$3.5M | -$16.4M | |
| Interest Expense Nonoperating | $654.8K | $631.6K | $723.5K | $3.2M | $3.0M | $2.9M | |
| General And Administrative Expense | $4.5M | $2.0M | $4.8M | $1.4M | $1.4M | $1.1M | |
| Revenue From Contract With Customer Excluding Assessed Tax | $631.0K | $864.1K | $365.5K | $522.2K | |||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$9.7M | -$21.1M | -$2.7M | -$23.4M | -$5.7M | -$18.4M | |
| Research And Development RD Tax Credit Receivable Current | $38.5K | $99.8K | $135.4K | $164.8K | |||
| Cost Of Revenue | $456.6K | $622.5K | $238.6K | $448.1K | |||
| Gross Profit | $174.4K | $241.6K | $74.1K |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Members Equity | -$121.7M | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $93.0K | ||
| Retained Earnings Accumulated Deficit | -$159.2M | ||
| Liabilities Current | $133.8M | ||
| Liabilities | $133.8M | ||
| Assets | $1.3M | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$310.8K | $240.1K | |
| Dividends Preferred Stock | $2.3M | $2.1M | |
| Adjustments To Additional Paid In Capital Adjustment To Shareholder Receivables | $4.1K | $10.1K | |
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | $82.0K | ||
| Other Liabilities Current | $885.0K | ||
| Liabilities And Stockholders Equity | $1.3M | ||
| Employee Related Liabilities Current | $1.6M | ||
| Assets Current | $1.3M | ||
| Accrued Federal Tax Liability Penalties And Interest | $5.4M | ||
| Accounts Payable Current | $3.2M | ||
| Inventory Net | $249.8K | ||
| Contract With Customer Liability Current | $1.0M | ||
| Accrued Expenses And Other Liabilities Current | $9.4M | ||
| Other Assets Noncurrent | |||
| Payment For Adjustment To Shareholder Receivables | $4.1K | $10.1K | |
| Interest Payable Current | |||
| Common Stock Value | |||
| Temporary Equity Carrying Amount Attributable To Parent | $26.7M | ||
| Dividends Payable Current | $376.4K | ||
| Derivative Liabilities Current | $922.8K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|
| Members Equity | -$41.3M | -$40.5M | -$55.9M | -$184.5M | -$208.4M | -$184.4M | -$178.2M | -$159.2M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $157.6K | $41.1K | $771.2K | $22.3K | $181.4K | $112.2K | $4.8K | $333.1K |
| Retained Earnings Accumulated Deficit | -$219.0M | -$208.3M | -$187.2M | -$184.5M | ||||
| Liabilities Current | $28.7M | $28.4M | $43.5M | $157.7M | ||||
| Liabilities | $46.4M | $46.1M | $61.2M | $157.7M | ||||
| Assets | $5.1M | $4.1M | $5.3M | $2.2M | ||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | $748.9K | -$328.3K | ||||||
| Dividends Preferred Stock | $573.6K | $556.2K | $545.4K | |||||
| Adjustments To Additional Paid In Capital Adjustment To Shareholder Receivables | $2.6K | $858.00 | $630.00 | |||||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | $45.0K | $50.2K | $50.1K | $51.4K | ||||
| Other Liabilities Current | $105.1K | $455.1K | $1.3M | $1.5M | ||||
| Liabilities And Stockholders Equity | $5.1M | $4.1M | $5.3M | $2.2M | ||||
| Employee Related Liabilities Current | $950.0K | $1.0M | $672.4K | $1.7M | ||||
| Assets Current | $5.1M | $4.0M | $5.2M | $2.1M | ||||
| Accrued Federal Tax Liability Penalties And Interest | $6.1M | $5.9M | $5.9M | $6.2M | ||||
| Accounts Payable Current | $3.5M | $4.4M | $6.0M | $4.7M | ||||
| Inventory Net | $1.5M | $1.3M | $1.3M | $1.4M | ||||
| Contract With Customer Liability Current | $727.6K | $755.4K | $1.3M | $1.6M | ||||
| Accrued Expenses And Other Liabilities Current | $316.4K | $9.0M | $11.3M | $1.8M | ||||
| Other Assets Noncurrent | $36.3K | $36.3K | $36.3K | $36.3K | ||||
| Payment For Adjustment To Shareholder Receivables | $630.00 | |||||||
| Interest Payable Current | $1.7M | $1.0M | $869.8K | $57.5M | ||||
| Common Stock Value | $6.5K | $4.8K | $2.6K | $1.4K | ||||
| Temporary Equity Carrying Amount Attributable To Parent | $28.9M | |||||||
| Dividends Payable Current | $427.8K | |||||||
| Derivative Liabilities Current | $8.3M |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 |
|---|---|---|
| Proceeds From Issuance Of Long Term Debt | $6.4M | $6.2M |
| Net Cash Provided By Used In Operating Activities | -$6.6M | -$5.4M |
| Net Cash Provided By Used In Financing Activities | $6.3M | $5.7M |
| Increase Decrease In Workers Compensation Liabilities | $82.3K | -$390.7K |
| Increase Decrease In Research And Development Tax Credit Receivable | -$111.9K | -$122.0K |
| Increase Decrease In Prepaid Expense | $44.3K | $212.0K |
| Increase Decrease In Payable Related Parties | $662.0K | $134.2K |
| Increase Decrease In Other Accrued Liabilities | $21.0K | $1.8M |
| Increase Decrease In Interest Payable Net Related Parties | $7.1M | $6.4M |
| Increase Decrease In Interest Payable Net | $5.0M | $3.6M |
| Increase Decrease In Accrued Federal Taxes Payable Penalties And Interest | $817.8K | $786.5K |
| Increase Decrease In Accounts Payable | $1.6M | $1.0M |
| Increase Decrease In Inventories | $1.2M | $249.8K |
| Increase Decrease In Contract With Customer Liability | $598.7K | $1.0M |
| Stock Issued During Period Value Share Based Compensation | $38.5K | $99.4K |
| Share Based Compensation | $38.5K | $99.4K |
| Payments To Acquire Property Plant And Equipment | $1.9K | $5.2K |
| Net Cash Provided By Used In Investing Activities | -$1.9K | -$5.2K |
| Depreciation Depletion And Amortization | ||
| Proceeds From Warrant Exercises |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q1 2024 |
|---|---|---|---|---|
| Proceeds From Issuance Of Long Term Debt | $3.0M | $1.0M | ||
| Net Cash Provided By Used In Operating Activities | -$3.7M | -$1.4M | ||
| Net Cash Provided By Used In Financing Activities | $4.4M | $1.0M | ||
| Increase Decrease In Workers Compensation Liabilities | $12.2K | $76.4K | ||
| Increase Decrease In Research And Development Tax Credit Receivable | -$29.3K | -$26.6K | ||
| Increase Decrease In Prepaid Expense | $2.2M | $59.1K | ||
| Increase Decrease In Payable Related Parties | -$83.3K | $4.9K | ||
| Increase Decrease In Other Accrued Liabilities | $1.1M | $15.4K | ||
| Increase Decrease In Interest Payable Net Related Parties | -$517.4K | $1.7M | ||
| Increase Decrease In Interest Payable Net | $1.2M | $1.2M | ||
| Increase Decrease In Accrued Federal Taxes Payable Penalties And Interest | -$380.7K | $436.4K | ||
| Increase Decrease In Accounts Payable | $2.9M | $202.8K | ||
| Increase Decrease In Inventories | -$106.7K | $149.9K | ||
| Increase Decrease In Contract With Customer Liability | -$365.5K | $66.5K | ||
| Stock Issued During Period Value Share Based Compensation | $234.8K | $47.7K | $470.3K | |
| Share Based Compensation | $470.3K | |||
| Payments To Acquire Property Plant And Equipment | $6.9K | |||
| Net Cash Provided By Used In Investing Activities | -$6.9K | |||
| Depreciation Depletion And Amortization | $8.2K | $8.1K | ||
| Proceeds From Warrant Exercises | $30.0K |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 |
|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 312.3M | 188.6M |
| Weighted Average Number Of Diluted Shares Outstanding | 312.3M | 188.6M |
| Earnings Per Share Diluted | $-0.08 | $-0.20 |
| Earnings Per Share Basic | $-0.08 | $-0.20 |
| Temporary Equity Shares Outstanding | 10.0M | |
| Common Stock Shares Outstanding | ||
| Common Stock Shares Issued | ||
| Preferred Stock Shares Issued | ||
| Preferred Stock Shares Authorized | ||
| Preferred Stock Par Or Stated Value Per Share | ||
| Common Stock Shares Authorized | ||
| Common Stock Par Or Stated Value Per Share | ||
| Temporary Equity Redemption Price Per Share | $2.68 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|
| Weighted Average Number Of Shares Outstanding Basic | 59.0M | 43.2M | 23.2M | 14.2M | 3.5M | 220.0M | |
| Weighted Average Number Of Diluted Shares Outstanding | 59.0M | 43.2M | 23.2M | 14.2M | 3.5M | 220.0M | |
| Earnings Per Share Diluted | $-0.16 | $-0.49 | $-0.12 | $-1.69 | $-1.77 | $-0.09 | |
| Earnings Per Share Basic | $-0.16 | $-0.49 | $-0.12 | $-1.69 | $-1.77 | $-0.09 | |
| Temporary Equity Shares Outstanding | 0.00 | 0.00 | 0.00 | 10.0M | |||
| Common Stock Shares Outstanding | 65.1M | 48.3M | 65.1M | 14.2M | |||
| Common Stock Shares Issued | 65.1M | 1.5M | 25.6M | 14.2M | |||
| Preferred Stock Shares Issued | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Preferred Stock Shares Authorized | 10.0M | 10.0M | 10.0M | 10.0M | |||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | |||
| Common Stock Shares Authorized | 500.0M | 500.0M | 500.0M | 500.0M | |||
| Common Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | |||
| Temporary Equity Redemption Price Per Share | $2.90 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 |
|---|---|---|
| Stock Issued During Period Shares New Issues | ||
| Depreciation And Amortization | $32.6K | $36.6K |
| Unrealized Gain Loss On Derivatives | -$7.4M | $649.2K |
| Fair Value Adjustment Of Warrants | -$5.8M | $16.4M |
| Gain Loss On Sale Of Derivatives | -$7.4M | $649.2K |
| Prepaid Expense Current | $244.0K | |
| Warrants And Rights Outstanding | $22.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|
| Stock Issued During Period Shares New Issues | 580.1K | 1.6M | 6.9M | 352.8K | |||
| Depreciation And Amortization | $5.2K | $8.9K | $8.2K | $8.1K | $8.1K | $8.1K | |
| Unrealized Gain Loss On Derivatives | -$827.4K | -$529.5K | -$33.8K | -$541.6K | |||
| Fair Value Adjustment Of Warrants | -$223.2K | $17.5M | $435.5K | $13.0M | |||
| Gain Loss On Sale Of Derivatives | -$827.4K | -$541.6K | |||||
| Prepaid Expense Current | $1.8M | $3.0M | $164.4K | ||||
| Warrants And Rights Outstanding | $16.2M |
Most recent annual filing with the SEC: May 14, 2025
Data sourced from SEC EDGAR public filings as of August 8, 2026.