In fiscal 2024, which ended Sep 30, 2024, Bollinger Innovations, Inc. reported revenue of $1.1 million, up 199.0% from the year before. It recorded a net loss of $457.1 million. The operating loss came to $391.8 million, an operating margin of -35805.4%. Over the twelve months ended Jun 30, 2025, revenue was $9.3 million and the net loss was $467.6 million. Across the 8 fiscal years shown, revenue shrank from $40.2 million in fiscal 2015 to $1.1 million in fiscal 2024, about 40.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Jun 30, 2025
|
FY 2024
Sep 30, 2024
|
FY 2023
Sep 30, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Sep 30, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
FY 2015
Dec 31, 2015
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
9
+5865.4%
|
1
+199.0%
|
0
|
—
|
—
|
66
+1.1%
|
65
-1.2%
|
66
+9.5%
|
60
+10.6%
|
54
+34.9%
|
40
+89.5%
|
| Cost of revenue |
41
+54810.2%
|
17
+6068.4%
|
0
|
—
|
—
|
56
+2.1%
|
55
-1.6%
|
56
|
—
|
46
+34.5%
|
34
+113.3%
|
| Gross profit |
-32
-38748.3%
|
-16
-17251.7%
|
0
|
—
|
—
|
10
-4.2%
|
10
+1.1%
|
10
|
—
|
9
+37.1%
|
6
+17.8%
|
| Research and development |
54
-33.5%
|
75
-3.2%
|
77
+257.4%
|
22
+619.5%
|
3
|
—
|
—
|
—
|
—
|
—
|
—
|
| Selling, general and administrative |
157
-25.2%
|
182
-15.7%
|
216
+186.5%
|
75
+288.5%
|
19
+176.4%
|
7
-24.9%
|
9
-4.3%
|
10
-8.2%
|
11
+20.8%
|
9
-5.5%
|
9
-18.0%
|
| Operating income |
-269
+44.1%
|
-392
-3.7%
|
-378
-289.5%
|
-97
-332.9%
|
-22
-398.6%
|
-4
+19.6%
|
-6
-29.0%
|
-4
+49.6%
|
-9
+2.7%
|
-9
+16.0%
|
-11
-45.2%
|
| Other income (expense) |
-215
|
-118
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Pretax income |
-483
+10.7%
|
-510
+49.9%
|
-1,018
-37.5%
|
-740
|
—
|
-6
-11.2%
|
-5
-32.9%
|
-4
+60.0%
|
-10
+26.4%
|
-14
-2.2%
|
-13
-30.5%
|
| Income tax |
0
+100.0%
|
-4
+64.6%
|
-11
-3839.2%
|
-0
-34969.0%
|
0
|
—
|
—
|
—
|
0
|
0
|
0
|
| Net income |
-468
-3.1%
|
-457
+53.0%
|
-972
-31.5%
|
-740
-1571.6%
|
-44
-644.6%
|
-6
+8.0%
|
-6
-30.8%
|
-5
+50.2%
|
-10
+26.5%
|
-13
-1.8%
|
-13
-30.1%
|
| Net income to common |
-473
-2.3%
|
-471
+51.2%
|
-965
-23.7%
|
-780
|
—
|
—
|
—
|
—
|
—
|
-13
+9.1%
|
-15
|
| Basic EPS |
-1,415.24
-130.8%
|
-1,425.61
+99.1%
|
-157,405.25
-149.5%
|
-63,085.26
-736877.3%
|
-8.56
|
—
|
—
|
—
|
—
|
—
|
—
|
| Diluted EPS |
—
|
—
|
-1,574.14
+97.5%
|
-63,083.67
-736858.8%
|
-8.56
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, basic |
0
+432.8%
|
0
+5289.2%
|
0
-50.4%
|
0
-99.8%
|
5
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, diluted |
—
|
—
|
1
+4857.3%
|
0
-99.8%
|
5
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other measures | |||||||||||
| Depreciation and amortization |
17
-27.6%
|
22
+34.1%
|
16
+399.3%
|
3
+355.4%
|
1
-76.3%
|
3
-2.7%
|
3
+27.1%
|
2
-3.1%
|
3
-26.9%
|
3
+37.9%
|
3
+6.6%
|
| EBITDA |
-252
+45.0%
|
-370
-2.3%
|
-361
-285.7%
|
-94
-332.2%
|
-22
-1387.8%
|
-1
+40.9%
|
-2
-31.4%
|
-2
+69.1%
|
-6
-12.9%
|
-5
+32.9%
|
-8
-63.8%
|
| Interest coverage |
—
|
-7.94x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||||
| Gross margin |
-338.93%
|
-1,443.80%
|
25.17%
|
—
|
—
|
14.98%
|
15.81%
|
15.46%
|
—
|
15.80%
|
15.55%
|
| Operating margin |
-2,876.72%
|
-35,805.41%
|
-103,216.49%
|
—
|
—
|
-6.84%
|
-8.59%
|
-6.58%
|
-14.31%
|
-16.28%
|
-26.15%
|
| Pretax margin |
-5,174.34%
|
-46,578.18%
|
-278,045.71%
|
—
|
—
|
-9.01%
|
-8.19%
|
-6.09%
|
-16.69%
|
-25.08%
|
-33.12%
|
| Profit margin |
-5,005.97%
|
-41,766.40%
|
-265,643.33%
|
—
|
—
|
-9.04%
|
-9.94%
|
-7.50%
|
-16.50%
|
-24.84%
|
-32.94%
|
| EBITDA margin |
-2,697.20%
|
-33,796.46%
|
-98,738.81%
|
—
|
—
|
-2.22%
|
-3.79%
|
-2.85%
|
-10.09%
|
-9.89%
|
-19.90%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Motor Vehicles & Passenger Car Bodies (SIC 3711)
- Listed as
- BINI
- Fiscal year ends
- September 30
- Incorporated in
- DE
- Headquarters
- Brea, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1499961
- Former names
- MULLEN AUTOMOTIVE INC. (until Jul 23, 2025); Net Element, Inc. (until Nov 8, 2021); Net Element International, Inc. (until Dec 5, 2013); Cazador Acquisition Corp Ltd. (until Oct 2, 2012)
Other Motor Vehicles & Passenger Car Bodies companies
- Tesla, Inc. TSLA
- Toyota Motor CORP/ TM
- General Motors Co GM
- Ferrari N.V. RACE
- Paccar Inc PCAR
- Ford Motor Co F
- Honda Motor Co Ltd HMC
- Rivian Automotive, Inc. / DE RIVN
Source: SEC EDGAR filings. This is company-reported data, not investment advice.