Filings/DPLS/10-Q

Source document

EDGAR
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KPIsSections20
Headline metrics
Revenue — GREEN$36,351-81.1% YoY
Gross margin — GREEN54.3%
Net income — GREEN-$1.1M-11.7% YoY
Net margin — GREEN-3151.3%
Operating margin — RED-2392.7%
Red flags4 red1 orange
Liquidity5
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -3151.3%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -2168.9%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
ORANGE
Current ratio 0.03current_ratio_low
Current assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~0.1 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
Income Statement
MetricValueFlag
Revenue$36,351GREEN
Revenue (quarter)$36,351GREEN
Gross Margin54.3%GREEN
Operating Margin-2392.7%RED
Net Margin-3151.3%GREEN
Net Income-$1.1MGREEN
EPS (diluted)$-0.01GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$83,182GREEN
Broad Liquidity$83,182GREEN
Current Ratio0.03GREEN
Total Assets$1.4MGREEN
Total Equity-$20.9MGREEN
Debt/Equity-0.02GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$788,416GREEN
Cash Conversion (CFO/Rev)-21.69GREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial Statements DARKPULSE, INC. Consolidated Balance Sheets Unaudited Audited June 30, December 31, 2026 2025 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 83,182 $ 62,786 Accounts receivable, net 428,687 419,212 Prepaid expenses and other current assets 55,718 61,946 TOTAL CURRENT ASSETS 567,587 543,944 NON-CURRENT ASSETS: Property and equipment, net 546,355 546,447 Intangible assets, net 15,000 – Patents, net 126,093 151,607 Other assets, net 120,446 125,932 TOTAL NON-CURRENT ASSETS 807,894 823,986 TOTAL ASSETS $ 1,375,481 $ 1,367,930 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable and accrued expenses $ 18,855,430 $ 18,643,326 Notes payable, current 209,600 181,000 Derivative liability 402,685 316,099 Loan payable, current 359,739 359,805 Loan payable, related party 363,046 365,622 Secured debenture, current 264,188 273,225 Operating lease liabilities - current – – Other current liabilities 160,774 126,063 TOTAL CURRENT LIABILITIES 20,615,462 20,265,141 NON-CURRENT LIABILITIES: Secured debenture 216,893 341,532 Loan payable 184,410 281,416 TOTAL NON-CURRENT LIABILITIES 401,303 622,948 TOTAL LIABILITIES 21,016,764 20,888,089 Commitments and contingencies – STOCKHOLDERS' DEFICIT: Series A Super Voting preferred stock - par value $ 0.01 ; 100 shares designated, 100 shares issued and outstanding at both June 30, 2026, and December 31, 2025 1 1 Convertible preferred stock - Series D, par value $ 0.01 , 100,000 shares designated, 88,235 shares issued and outstanding as of both June 30, 2026 and December 31, 2025 883 883 Common stock, par value $ 0.0001 , 20,000,000,000 shares authorized, 195,023,188 and 90,904,606 shares issued as of June 30, 2026 and December 31, 2025, respectively, 19,502 9,090 Treasury stock at cost, 500 shares at June 30, 2026 and December 31, 2025 ( 1,000 ) ( 1,000 ) Additional paid-in capital 54,909,951 53,898,122 Common Stock to be issued 1,757,355 1,950,123 Non-controlling interests 1,242,072 1,248,238 Accumulated other comprehensive income (loss) ( 2,198,043 ) ( 2,399,122 ) Accumulated deficit ( 75,372,004 ) ( 74,226,493 ) TOTAL STOCKHOLDERS' DEFICIT ( 19,641,283 ) ( 19,520,159 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,375,481 $ 1,367,930 See the accompanying notes to the unaudited condensed consolidated financial statements Field: Page; Sequence: 3 Field: Sequence; Type: Arabic; Na