Bollinger Innovations, Inc. income statement BINI

Annual Quarterly

In Q3 of fiscal 2025, the quarter ended Jun 30, 2025, Bollinger Innovations, Inc. reported revenue of $473,686, up 626.1% from the same quarter a year earlier. It recorded a net loss of $129.7 million. The operating loss came to $58.2 million, an operating margin of -12282.3%.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2025	Q3 FY2025 Jun 30, 2025	Q2 FY2025 Mar 31, 2025	Q1 FY2025 Dec 31, 2024	Q4 FY2024 Sep 30, 2024	Q3 FY2024 Jun 30, 2024	Q2 FY2024 Mar 31, 2024	Q1 FY2024 Dec 31, 2023	Q4 FY2023 Sep 30, 2023
Revenue	9 +5865.4%	0 +626.1%	5 +14749.7%	3	1 +1616.8%	0 -78.8%	0	—	0
Cost of revenue	41 +54810.2%	11 +29243.5%	7 +51960.5%	7	17 +66709.4%	0 -85.5%	0	—	0
Gross profit	-32 -38748.3%	-10 -34630.8%	-2 -10388.0%	-4	-16 -48439.0%	0 -50.7%	0	—	0
Research and development	54 -33.5%	12 -18.9%	10 -56.9%	11 -30.2%	20 -22.1%	14 -35.3%	24 +17.3%	16 +87.5%	26 +118.6%
Selling, general and administrative	157 -25.2%	36 -23.8%	41 -13.6%	36 -15.6%	43 -39.5%	47 +49.4%	48 +1.0%	43 -33.5%	72 +221.8%
Operating income	-269 +44.1%	-58 +5.8%	-66 +62.9%	-51 +13.4%	-93 +48.9%	-62 -14.8%	-177 -161.3%	-59 +19.3%	-182 -432.6%
Other income (expense)	-215	-74 -146.5%	12	-67	-86	-30 -323.2%	—	—	—
Pretax income	-483 +10.7%	-132 -43.8%	-132 +24.1%	-119 -80.8%	-179 +15.0%	-92 +70.5%	-174 -47.8%	-66 +82.7%	-210
Income tax	0 +100.0%	0 -50.0%	0 +100.0%	0	0 +100.0%	0 -99.7%	-2 -348.3%	—	-10
Net income	-468 -3.1%	-130 -48.5%	-47 +64.5%	-115 -87.1%	-176 -2.1%	-87 +71.7%	-132 -15.2%	-61 +83.7%	-172 +32.2%
Basic EPS	-1,415.24 -130.8%	-11,231.39 +100.0%	-489.24 +100.0%	-661.33 +99.3%	-138.18 -132.0%	-95,987,912.00 -8614630.5%	-12,041,273.00 -1031555.2%	-91,940.42 -1375.0%	432.28 +266.5%
Diluted EPS	—	—	—	—	—	-7.91 +99.3%	—	-15.32 +99.8%	-86.01 -172.9%
Weighted average shares, basic	0 +432.8%	0 +1155800.0%	0 +875127.3%	0 +25912.3%	1 +429.0%	0 -100.0%	0 -100.0%	0 -98.9%	-0 +81.7%
Weighted average shares, diluted	—	—	—	—	—	12 +4277.6%	—	4 +6527.7%	2 +191.9%
Other measures
Depreciation and amortization	17 -27.6%	3 -12.3%	5 -52.1%	5 +9.3%	4 -21.9%	3 +40.1%	10 +167.2%	4 -9.4%	5 +128.4%
EBITDA	-252 +45.0%	-55 +5.4%	-61 +63.6%	-47 +15.2%	-89 +49.7%	-58 -13.6%	-167 -160.9%	-55 +20.0%	-177 -455.2%
Interest coverage	—	-2.27x	-8.74x	-2.76x	—	—	—	—	—
Margins
Gross margin	-338.93%	-2,130.59%	-41.35%	-125.61%	-1,591.65%	44.80%	59.68%	—	56.53%
Operating margin	-2,876.72%	-12,282.34%	-1,329.05%	-1,761.19%	-9,368.06%	-94,689.90%	-532,079.89%	—	-314,580.22%
Pretax margin	-5,174.34%	-27,817.55%	-2,661.90%	-4,067.72%	-17,960.39%	-140,457.44%	-520,555.90%	—	-362,640.14%
Profit margin	-5,005.97%	-27,386.25%	-951.00%	-3,933.89%	-17,662.15%	-133,917.10%	-397,276.02%	—	-296,909.04%
EBITDA margin	-2,697.20%	-11,642.35%	-1,232.61%	-1,598.68%	-8,944.64%	-89,389.62%	-502,181.91%	—	-305,274.95%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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

All 35 Motor Vehicles & Passenger Car Bodies companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.