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 Statements of Operations
| Year EndedDecember 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $— | $152,127 |
| Cost of revenue | 181,373 | 2,205,476 |
| Gross margin | (181,373) | (2,053,349) |
| Operating expenses: | ||
| Research and development | 174,559 | 1,821,816 |
| Selling and marketing | 4,671,975 | 468,074 |
| General and administrative | 13,348,686 | 8,807,651 |
| Total operating expenses | 18,195,220 | 11,097,541 |
| Loss from operations | (18,376,593) | (13,150,890) |
| Non-operating income (loss): | ||
| Interest income | 10,456 | 17,166 |
| Interest expense (including $103,299 and nil with related parties, respectively) | (472,381) | (3,346,896) |
| Equity in losses of unconsolidated affiliates (related party) | (30,175) | — |
| Change in fair value of warrant liabilities | (13,894,830) | 2,109,904 |
| Change in fair value of derivative liability | 37,900 | 141,100 |
| Change in fair value of convertible note receivable (related party) | (2,679,772) | — |
| Change in fair value of notes payable (including $847,646 and nil with related parties, respectively) | (3,616,706) | — |
| Change in fair value of SEPA liability | 682,276 | — |
| Change in fair value of claims settlement liability | 2,584,724 | — |
| Loss on issuance of warrants | (8,756,303) | — |
| Loss on issuance of notes payable | (3,980,062) | — |
| Loss on issuance of SEPA | (2,582,724) | — |
| Loss on extinguishment of accounts payable (including $290,676 and nil with related parties, respectively) | (5,361,931) | — |
| Loss on extinguishment of notes payable (including $2,840,115 and $1,491,666 with related parties, respectively) | (10,138,337) | (20,504,307) |
| Loss on settlement of claims liability, net | (395,379) | — |
| Loss on fraudulently induced wire transfer | (1,005,352) | — |
| SEPA fees and issuance costs | (2,147,287) | — |
| Gain on sale of intellectual property intangible assets | 8,961,872 | — |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | (6,064,823) | — |
| Interest expense recognized on remeasurement of preferred stock liability | (10,398,050) | — |
| Other gain (loss), net | (1,447,799) | 218,169 |
| Loss before provision for income taxes | (79,071,276) | (34,515,754) |
| Provision for income taxes | — | — |
| Net loss | (79,071,276) | (34,515,754) |
| Reclassification of convertible preferred stock from mezzanine equity to liability | 10,398,050 | — |
| Deemed dividend in connection with modification of pre-funded warrants | (3,076,380) | — |
| Net loss available to common shareholders | $(71,749,606) | $(34,515,754) |
| Net loss per common share, basic and diluted (1) | $(2.25) | $(29.51) |
| Weighted-average common shares used to compute net loss per common share, basic and diluted (1) | 31,912,339 | 1,169,797 |
(1)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.