Nuburu, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
BURU$0.22+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $24,661,284 | $209,337 |
| Restricted cash | 875,141 | — |
| Subscription for Orbit shares (related party) | 11,778,600 | — |
| Inventories, net of reserve of nil and $1,161,469 at December 31, 2025 and 2024, respectively | — | 1,526,467 |
| SYME inventory advance (related party) | 5,668,545 | — |
| Advance on Tekne Convertible Receivable | 1,179,686 | — |
| Prepaid expenses and other current assets (including $233,498 and nil with related parties, respectively) | 1,621,303 | 162,749 |
| Total current assets | 45,784,559 | 1,898,553 |
| Equity method investment (related party) | 949,806 | — |
| Deposit on acquisition (related party) | 733,272 | — |
| Convertible note receivable (related party) | 2,351,602 | — |
| Property and equipment, net | — | 4,834,729 |
| Operating lease right-of-use assets | — | 202,411 |
| Other assets | — | 34,359 |
| TOTAL ASSETS | $49,819,239 | $6,970,052 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $2,130,686 | $6,301,310 |
| Accrued expenses | 3,271,219 | 4,301,195 |
| Current portion of notes payable (including nil and $8,130,638 with related parties, respectively) | 25,874,146 | 9,242,183 |
| Preferred obligation related to Orbit Transaction (related party) | 8,131,899 | — |
| Shareholder advances | 99,936 | 644,936 |
| Claims settlement liability | 5,575 | — |
| Current portion of operating lease liability | — | 237,369 |
| Contract liabilities | — | 24,000 |
| Convertible note derivative liability | — | 37,900 |
| Preferred stock liability | 21,889,050 | — |
| Total current liabilities | 61,402,511 | 20,788,893 |
| SEPA liability | 3,201,500 | — |
| Warrant liabilities | 397,401 | 128,615 |
| TOTAL LIABILITIES | 65,001,412 | 20,917,508 |
| Commitments and Contingencies (Note 7) | ||
| Convertible preferred stock, $0.0001 par value; 50,000,000 shares authorized; 2,188,905 and 2,388,905 shares issued and outstanding at December 31, 2025 and 2024, respectively (1) | — | 23,889,050 |
| Stockholders’ Deficit | ||
| Common Stock, $0.0001 par value; 900,000,000 shares authorized; 92,816,561 and 4,062,974 shares issued and outstanding at December 31, 2025 and 2024, respectively (2) | 9,282 | 406 |
| Additional paid-in capital (2) | 185,288,376 | 93,969,693 |
| Accumulated deficit | (200,479,831) | (131,806,605) |
| Total Stockholders’ Deficit | (15,182,173) | $(37,836,506) |
| TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | $49,819,239 | $6,970,052 |
(1)
As of December 31, 2025, the value of the convertible preferred stock is presented within preferred stock liability. For additional information, see Note 10.
(2)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.