Modular Medical Inc (MODD)

Name: Modular Medical Inc Financial Statements
Creator: Quarter Results

Healthcare | Medical Devices

Latest reporting period: 2025-09-30

Latest Quarter

2025-09-30

Revenue

$0.0

Net Income

-$7.8M

Operating Margin

N/A

Free Cash Flow

-$18.2M

Debt / Assets

8.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Modular Medical Inc (MODD).
Income Statement (Quarterly)	2025-09-30	2025-06-30	2024-12-31	2024-09-30
Revenue	0	0	0	0
Cost of Revenue	391,000	410,000	0	0
Gross Profit	-391,000	-410,000	0	0
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,236,000	1,670,000	1,001,000	1,294,000
Operating Expenses	7,438,000	6,394,000	4,854,000	4,996,000
Operating Income	-7,829,000	-6,804,000	-4,854,000	-4,996,000
Interest Expense	0	0	0	0
Income Before Tax	-7,788,000	-6,702,000	-4,804,000	-4,954,000
Income Tax Expense	2,000	0	0	2,000
Net Income	-7,790,000	-6,702,000	-4,804,000	-4,956,000
Per Share
EPS	-0.14	-0.12	-0.13	-0.14
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Modular Medical Inc (MODD).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	0	0	0	0	0
Cost of Revenue	1,433,000	768,000	355,446	196,921	0
Gross Profit	-1,433,000	-768,000	-355,446	-196,921	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	2,918,000	4,649,000	4,816,567	7,197,162	3,253,412
Operating Expenses	17,615,000	17,529,000	13,878,311	14,926,402	7,336,715
Operating Income	-19,048,000	-17,529,000	-13,878,311	-14,926,402	-7,336,715
Interest Expense	0	0	0	2,752,229	39,791
Income Before Tax	-18,822,000	-17,468,000	-13,877,336	-18,631,161	-7,376,376
Income Tax Expense	2,000	2,000	1,600	1,600	1,600
Net Income	-18,824,000	-17,470,000	-13,878,936	-18,632,761	-7,377,976
Per Share
EPS	-0.51	-0.78	-1.28	-2.74	-1.20
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Modular Medical Inc (MODD).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	13,095,000	9,232,000	3,799,324	9,076,372
Short Term Investments	0	0	0	0
Net Receivables	70,000	147,000	5,000	0
Inventory	0	0	95,000	0
Total Current Assets	13,517,000	9,697,000	4,046,190	9,389,794
Property Plant Equipment	5,218,000	4,110,000	3,199,058	356,652
Goodwill and Intangibles	0	0	0	0
Total Assets	18,735,000	13,807,000	7,245,248	9,846,446
Liabilities
Account Payables	338,000	802,000	285,383	299,951
Short Term Debt	423,000	373,000	355,224	144,857
Total Current Liabilities	1,265,000	1,455,000	979,305	969,699
Long Term Debt	393,000	817,000	1,189,967	39,957
Total Liabilities	1,658,000	2,272,000	2,169,272	1,009,656
Shareholders Equity
Retained Earnings	-84,753,000	-65,929,000	-48,458,707	-34,579,771
Total Shareholders Equity	17,077,000	11,535,000	5,075,976	8,836,790

Balance sheet annual history for Modular Medical Inc (MODD).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	13,095,000	9,232,000	3,799,324	9,076,372	1,468,465
Short Term Investments	0	0	0	0	0
Net Receivables	70,000	147,000	5,000	0	0
Inventory	0	0	95,000	0	0
Total Current Assets	13,517,000	9,697,000	4,046,190	9,389,794	1,649,089
Property Plant Equipment	5,218,000	4,110,000	3,199,058	356,652	499,082
Goodwill and Intangibles	0	0	0	0	0
Total Assets	18,735,000	13,807,000	7,245,248	9,846,446	2,248,171
Liabilities
Account Payables	338,000	802,000	285,383	299,951	169,284
Short Term Debt	423,000	373,000	355,224	144,857	2,627,733
Total Current Liabilities	1,265,000	1,455,000	979,305	969,699	3,296,965
Long Term Debt	393,000	817,000	1,189,967	39,957	184,355
Total Liabilities	1,658,000	2,272,000	2,169,272	1,009,656	3,523,320
Shareholders Equity
Retained Earnings	-84,753,000	-65,929,000	-48,458,707	-34,579,771	-15,947,010
Total Shareholders Equity	17,077,000	11,535,000	5,075,976	8,836,790	-1,275,149

Cash flow quarterly history for Modular Medical Inc (MODD).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-18,824,000	-17,470,000	-13,878,936	-18,632,761
Depreciation & Amortization	1,063,000	768,000	152,399	117,490
Stock Based Compensation	2,381,000	2,701,000	2,724,000	4,031,902
Change in Working Capital	-392,000	-94,000	-211,824	374,991
Operating Cash Flow	-15,720,000	-13,952,000	-11,011,644	-10,259,528
Investing Activities
Capital Expenditure	-2,493,000	-1,700,000	-1,637,751	-54,764
Investments	-2,493,000	-1,700,000	-1,637,751	-54,764
Investing Cash Flow	-2,493,000	-1,700,000	-1,637,751	-54,764
Financing Activities
Debt Repayment	0	0	0	-2,100,000
Common Stock Issued/Repurchased	20,825,000	20,343,000	7,372,347	13,785,000
Dividends Paid	0	0	0	0
Financing Cash Flow	22,076,000	21,085,000	7,372,347	17,922,199
Summary
Free Cash Flow	-18,213,000	-15,652,000	-12,649,395	-10,314,292
Net Change in Cash	3,863,000	5,433,000	-5,277,048	7,607,907

Cash flow annual history for Modular Medical Inc (MODD).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	-18,824,000	-17,470,000	-13,878,936	-18,632,761	-7,377,976
Depreciation & Amortization	1,063,000	768,000	152,399	117,490	181,841
Stock Based Compensation	2,381,000	2,701,000	2,724,000	4,031,902	1,227,578
Change in Working Capital	-392,000	-94,000	-211,824	374,991	-61,147
Operating Cash Flow	-15,720,000	-13,952,000	-11,011,644	-10,259,528	-5,908,662
Investing Activities
Capital Expenditure	-2,493,000	-1,700,000	-1,637,751	-54,764	-109,669
Investments	-2,493,000	-1,700,000	-1,637,751	-54,764	-109,669
Investing Cash Flow	-2,493,000	-1,700,000	-1,637,751	-54,764	-109,669
Financing Activities
Debt Repayment	0	0	0	-2,100,000	0
Common Stock Issued/Repurchased	20,825,000	20,343,000	7,372,347	13,785,000	1,785,882
Dividends Paid	0	0	0	0	0
Financing Cash Flow	22,076,000	21,085,000	7,372,347	17,922,199	4,364,662
Summary
Free Cash Flow	-18,213,000	-15,652,000	-12,649,395	-10,314,292	-6,018,331
Net Change in Cash	3,863,000	5,433,000	-5,277,048	7,607,907	-1,653,669