Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue36¢$15.0M
- Selling, general and admin55¢$23.0M
- Interest10¢$4.2M
- Income tax0¢$9.6K
Out of $20.3M in revenue.2 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $04 | $72.2K5 | $1.2M6 | $3.4M7 | $19.3M8 | $29.7M9 | $19.8M2 | $20.3M2 |
| Cost of revenue | $04 | $75.0K4 | $625.9K6 | $2.5M7 | $8.8M8 | $20.7M9 | $18.9M2 | $15.0M2 |
| Gross profit | $04 | -$2.8K5 | $552.2K6 | $934.7K7 | $10.5M8 | $9.1M9 | $984.0K2 | $5.3M2 |
| Research and development | $04 | $50.0K5 | $472.0K6 | $520.5K7 | $657.0K7 | $120.0K9 | $02 | $02 |
| Selling, general and admin | $92.0K4 | $721.8K5 | $2.8M6 | $9.0M7 | $20.1M8 | $29.5M9 | $27.8M2 | $23.0M2 |
| Operating expenses | $20.9M8 | $30.0M9 | $27.8M2 | $25.8M2 | ||||
| Operating income | -$1.0M5 | -$2.7M6 | -$8.6M7 | -$10.4M8 | -$21.0M9 | -$26.8M2 | -$20.5M2 | |
| Interest | $945.2K4 | $853.2K5 | $1.0M6 | $670.3K7 | $1.3M8 | $2.6M8 | -$4.2M2 | |
| Income before tax | -$11.4M8 | -$20.6M9 | -$29.2M2 | -$24.7M2 | ||||
| Income tax | $04 | $05 | $06 | $07 | $132.5K8 | $09 | $5.6K2 | $9.6K2 |
| Net income | -$1.0M4 | $365.9K5 | -$2.5M6 | $91.4K7 | -$14.1M8 | -$20.3M9 | -$28.9M2 | -$24.6M2 |
| Earnings per share | -$0.024 | $0.015 | -$0.046 | $0.007 | -$0.208 | -$0.249 | -$0.312 | -$0.232 |
| Earnings per share (diluted) | -$0.024 | $0.005 | -$0.046 | $0.007 | -$0.208 | -$0.249 | -$0.312 | -$0.232 |
| Shares (weighted, basic) | 72.2M shares8 | 83.8M shares9 | 92.2M shares2 | 108.5M shares2 | ||||
| Shares (weighted, diluted) | 72.2M shares8 | 83.8M shares9 | 92.2M shares2 | 108.5M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $5.5K5 | $9636 | $75.2K6 | $110.3K8 | $772.1K9 | $812.8K2 | $501.9K2 | $172.8K2 |
| Receivables | $6.4M8 | $4.5M9 | $2.9M2 | $2.7M2 | ||||
| Inventory | $1.6M8 | $2.1M9 | $2.6M2 | $2.7M2 | ||||
| Current assets | $5.5K4 | $47.7K5 | $1.3M6 | $1.6M7 | $9.6M8 | $9.8M9 | $8.6M2 | $7.7M2 |
| Property, plant and equipment | $1.1M8 | $1.5M9 | $1.5M2 | $1.3M2 | ||||
| Goodwill | $4.3M9 | $3.8M2 | $4.2M2 | $1.5M2 | ||||
| Intangible assets | $3.5M8 | $3.9M9 | $3.5M2 | $3.1M2 | ||||
| Total assets | $5.5K4 | $53.2K5 | $2.8M6 | $4.7M7 | $22.4M8 | $25.2M9 | $23.1M2 | $18.4M2 |
| Accounts payable | $2.3M8 | $5.2M9 | $5.9M2 | $4.2M2 | ||||
| Current liabilities | $13.7M5 | $17.0M6 | $17.2M7 | $20.4M8 | $10.0M9 | $15.7M2 | $15.7M2 | |
| Total liabilities | $14.0M4 | $13.7M5 | $17.9M6 | $18.1M7 | $37.4M8 | $20.9M9 | $19.7M2 | $25.0M2 |
| Retained earnings | -$121.4M8 | -$141.7M9 | -$170.7M2 | -$195.3M2 | ||||
| Shareholders’ equity | -$14.0M5 | -$13.6M5 | -$15.1M5 | -$13.4M8 | -$15.4M8 | $4.1M9 | $3.4M2 | -$6.8M2 |
| Shares outstanding | 47.3M shares4 | 48.3M shares5 | 68.5M shares5 | 75.7M shares6 | 80.0M shares7 | 89.9M shares8 | 97.2M shares2 | 120.2M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$32.0K4 | -$822.4K5 | -$2.4M6 | -$5.6M7 | -$10.3M8 | -$4.6M9 | -$7.9M2 | -$18.0M2 |
| Depreciation and amortization | $252.9K8 | $360.5K9 | $886.0K2 | $997.3K2 | ||||
| Stock-based compensation | $2.8M8 | $4.0M9 | $5.1M2 | $1.9M2 | ||||
| Capital spending | $04 | $5.5K5 | $194.1K6 | $358.0K7 | $640.2K8 | $693.2K9 | $434.8K2 | $374.5K2 |
| Free cash flow | -$32.0K | -$827.9K | -$2.6M | -$5.9M | -$11.0M | -$5.3M | -$8.3M | -$18.3M |
| Cash from investing | -$574.0K8 | -$1.1M9 | -$552.7K2 | -$697.0K2 | ||||
| Cash from financing | $11.7M8 | $5.7M9 | $8.1M2 | $18.8M2 |
What it owns
What Dalrada Technology Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $1.6M2 Jun 30, 2025 | $1.8M2 Jun 30, 2024 | −7.0% |
| Computer equipment and software | $583.4K2 Jun 30, 2025 | $458.7K2 Jun 30, 2024 | +27.2% |
| Leasehold improvements | $557.5K2 Jun 30, 2025 | $416.9K2 Jun 30, 2024 | +33.7% |
| Construction in progress | $09 Jun 30, 2024 | $249.6K9 Jun 30, 2023 | −100.0% |
| Property and equipment, before depreciation | $2.8M2 Jun 30, 2025 | $2.6M2 Jun 30, 2024 | +5.4% |
| Accumulated depreciation | $1.5M2 Jun 30, 2025 | $1.2M2 Jun 30, 2024 | +26.9% |
| Property and equipment, net | $1.3M2 Jun 30, 2025 | $1.5M2 Jun 30, 2024 | −12.3% |
| Operating-lease assets (leased space) | $2.6M2 Jun 30, 2025 | $2.4M2 Jun 30, 2024 | +7.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $172.8K2 Jun 30, 2025 | $501.9K2 Jun 30, 2024 | −65.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.5M2 Jun 30, 2025 | $4.2M2 Jun 30, 2024 | −63.3% |
| Intangible assets, net (excluding goodwill) | $3.1M2 Jun 30, 2025 | $3.5M2 Jun 30, 2024 | −12.3% |
| Finite-lived intangibles, gross | $4.5M2 Jun 30, 2025 | $4.5M2 Jun 30, 2024 | +0.6% |
| Accumulated amortization | -$1.4M2 Jun 30, 2025 | -$920.1K2 Jun 30, 2024 | −50.2% |
| Finite-lived intangibles, net | $3.1M2 Jun 30, 2025 | $3.5M2 Jun 30, 2024 | −12.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $2.7M2 Jun 30, 2025 | $2.6M2 Jun 30, 2024 | +1.6% |
| Raw materials | $977.2K2 Jun 30, 2025 | $910.7K2 Jun 30, 2024 | +7.3% |
| Work in process | $1.6M2 Jun 30, 2025 | $1.1M2 Jun 30, 2024 | +45.1% |
| Finished goods | $74.3K2 Jun 30, 2025 | $607.6K2 Jun 30, 2024 | −87.8% |
Properties, in its own words
We currently lease 87,674 square feet of office, medical, pharmacy and warehouse space in California, Alabama, Oregon, Louisiana, Scotland, Spain, and India, with leases that expire through 2030.
Square
The rest of Item 2
Footage · Lease
Location · Type · (approximate) · Expiration
Escondido, California · Corporate Headquarters · 6,964 · 6/30/2027
San Diego, California · Office · 8,228 · 3/14/2028
Escondido, California · Office · 2,992 · 6/30/2027
Chula Vista, California · Office, Medical Suite · 3,200 · 1/31/2027
San Diego, California · Office, Medical Suite · 9,016 · 8/31/2028
Bengaluru, India · Office · 3,300 · 4/1/2026
Florence, Alabama (1) · Pharmacy · 1,443 · 5/31/2025
Livingston, Scotland · Office, Warehouse · 4,500 · 8/27/2025
Escondido, California · Office · 562 · 12/31/2027
Livingston, Scotland · Office, Warehouse · 19,000 · 11/2/2027
Bergondo, Spain · Office, Warehouse · 9,000 · 5/31/2028
Metairie, Louisiana · Office, Medical Suite · 6,468 · 9/30/2025
San Diego, California · Office, Warehouse · 7,351 · 5/1/2030
Portland, Oregon · Office, Warehouse · 5,650 · 4/30/2027
(1) · This lease expired on 5/31/25 and resumed on a month-to-month basis.
Item 2 of the 10-K filed Sep 30, 2025.12
Leadership
Who has led Dalrada Technology Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerBrian Bonar Dec 31, 2020 to Feb 6, 202513
- Chief financial officerBrian Bonar Jul 13, 2021 to Jul 13, 202114
- Chief financial officerKyle Temple McCollum Sep 8, 2021 to Jan 3, 202215
- Chief operating officerBrian Christopher McGoff Sep 8, 2022 to Sep 8, 202216
- Chief operating officerFawad Nisar Apr 7, 2021 to Jan 3, 202217
Board members and other officers (16)
- Board memberAmy Wing Scannell Apr 13, 2022 to Apr 13, 202218
- Board memberVincent James Monteparte Apr 13, 2022 to Apr 13, 202219
- Board memberBrian Christopher McGoff Sep 8, 2022 to Sep 8, 202216
- Board memberAnuradha Biswas Sep 15, 2022 to Sep 15, 202220
- Board memberFawad Nisar Apr 7, 2021 to Jan 3, 202217
- Board memberFletcher Albert Robbe Apr 7, 2021 to Jan 3, 202221
- Board memberGuy Brian Kendrick Apr 7, 2021 to Jan 3, 202222
- Board memberHarvey Nathan Hershkowitz Apr 7, 2021 to Jan 3, 202223
- Board memberPauline Gourdie Apr 7, 2021 to Jan 3, 202224
- Board memberThomas Giles Apr 7, 2021 to Jan 3, 202225
- Board memberAnthony J. Zolezzi Apr 9, 2021 to Jan 3, 202226
- Board memberDavid J. Bacon Aug 27, 2021 to Jan 3, 202227
- Board memberBijan R. Kian Sep 2, 2021 to Jan 3, 202228
- Board memberJose L. Arrieta Sep 8, 2021 to Jan 3, 202229
- Board memberKyle Temple McCollum Sep 8, 2021 to Jan 3, 202215
- Board memberBrian Bonar Dec 31, 2020 to Feb 6, 202513
Former names
Timeline
- Oct 7, 20268-K Entered a material agreement; Ended a material agreement; Other events30
- Sep 22, 20268-K Ended a material agreement; Debt or obligation accelerated; Other events31
- May 1, 20268-K Debt or obligation accelerated32
- Feb 2, 20268-K Entered a material agreement; New debt or obligation33
- Jan 27, 20268-K Entered a material agreement; New debt or obligation34
- Jan 20, 20268-K Other events35
- Nov 6, 20258-K Executive or director change36
- Jan 21, 20258-K Listing notice or transfer37
- Dec 23, 20248-K Earlier financial statements no longer reliable38
- Nov 4, 20248-K Executive or director change39
- Oct 22, 20248-K Change of auditor40
- Oct 16, 20248-K Executive or director change41
- Dec 31, 2020New chief executive Brian Bonar becomes CEO13
Filings
117 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 32 major events, 46 insider forms, 15 other. The latest 20:
- Oct 7, 20268-K CURRENT REPORT EDGAR
- Sep 22, 20268-K EDGAR
- May 21, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
- May 18, 2026NT 10-Q EXTENSION EDGAR
- May 1, 20268-K CURRENT REPORT EDGAR
- Feb 23, 202610-Q FORM 10-Q FOR DEC 2025 EDGAR
- Feb 17, 2026NT 10-Q EXTENSION EDGAR
- Feb 2, 20268-K/A 8-K AMENDMENT 1 EDGAR
- Jan 27, 20268-K CURRENT REPORT EDGAR
- Jan 20, 20268-K CURRENT REPORT EDGAR
- Nov 14, 202510-Q FORM 10-Q FOR SEP 2025 EDGAR
- Nov 6, 20258-K EDGAR
- Sep 30, 202510-K FORM 10-K FOR JUN 2025 EDGAR
- Sep 30, 2025NT 10-K EXTENSION EDGAR
- Aug 1, 202510-Q FORM 10-Q FOR MAR 2025 EDGAR
- Jul 21, 202510-Q FORM 10-Q FOR DEC 2024 EDGAR
- Jun 23, 202510-Q FORM 10-Q FOR SEPT 2024 EDGAR
- Jun 6, 202510-K/A EDGAR
- Jun 6, 202510-Q/A AMENDMENT TO FORM 10-Q EDGAR
- Jun 6, 202510-Q/A FORM 10-Q FOR DEC 2023 AMENDMENT 1 EDGAR
The 117 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
105 open-market trades by officers, directors and large owners since October 2021: 105 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 8, 2025 | BONAR BRIANChief Executive Officer | Buy | 4,000 | $0.07 | $280 | Form 4 |
| Jan 6, 2025 | BONAR BRIANChief Executive Officer | Buy | 20,000 | $0.06 | $1.2K | Form 4 |
| Dec 26, 2024 | BONAR BRIANChief Executive Officer | Buy | 15,000 | $0.06 | $900 | Form 4 |
| Dec 19, 2024 | BONAR BRIANChief Executive Officer | Buy | 300 | $0.06 | $18 | Form 4 |
| Dec 2, 2024 | BONAR BRIANChief Executive Officer | Buy | 1,300 | $0.03 | $39 | Form 4 |
| Nov 18, 2024 | BONAR BRIANChief Executive Officer | Buy | 100,000 | $0.04 | $4.0K | Form 4 |
| Nov 7, 2024 | BONAR BRIANChief Executive Officer | Buy | 10,000 | $0.85 | $8.5K | Form 4 |
| Nov 6, 2024 | BONAR BRIANChief Executive Officer | Buy | 1,000 | $0.08 | $80 | Form 4 |
| Oct 11, 2024 | BONAR BRIANChief Executive Officer | Buy | 20,000 | $0.10 | $2.0K | Form 4 |
| Sep 23, 2024 | BONAR BRIANChief Executive Officer | Buy | 10,000 | $0.13 | $1.3K | Form 4 |
| Sep 3, 2024 | BONAR BRIANChief Executive Officer | Buy | 5,000 | $0.16 | $800 | Form 4 |
| Aug 29, 2024 | BONAR BRIANChief Executive Officer | Buy | 17,977 | $0.16 | $2.9K | Form 4 |
| Aug 12, 2024 | BONAR BRIANChief Executive Officer | Buy | 10,000 | $0.18 | $1.8K | Form 4 |
| Jul 25, 2024 | BONAR BRIANChief Executive Officer | Buy | 8,750 | $0.17 | $1.5K | Form 4 |
| Jul 3, 2024 | BONAR BRIANChief Executive Officer | Buy | 1,000 | $0.19 | $190 | Form 4 |
| Jun 18, 2024 | BONAR BRIANChief Executive Officer | Buy | 15,000 | $0.18 | $2.7K | Form 4 |
| Jun 4, 2024 | BONAR BRIANChief Executive Officer | Buy | 5,000 | $0.18 | $900 | Form 4 |
| May 24, 2024 | BONAR BRIANChief Executive Officer | Buy | 860 | $0.19 | $163 | Form 4 |
| May 15, 2024 | BONAR BRIANChief Executive Officer | Buy | 5,000 | $0.20 | $1.0K | Form 4 |
| Apr 30, 2024 | BONAR BRIANChief Executive Officer | Buy | 25 | $0.20 | $5 | Form 4 |
All 105 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
SEC filer profile
How Dalrada Technology Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDalrada Technology Group, Inc.1
- CIK0000725394
- Employer ID (EIN)38-371327412
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company12
- Incorporated inWyoming12
- Fiscal year endsJune 301
- Industry code (SIC)7363 Services-Help Supply Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address600 La Terraza Boulevard, Escondido, CA 920251
- Phone858-283-12531
- Shares outstanding120,157,113 as of May 20, 202611
- Public float$5.0M as of Dec 31, 202412
- AuditorCM3 Advisory, San Diego, California PCAOB ID 6866; it also attests to the company’s internal control over financial reporting12
- On EDGAR sinceMay 15, 19951
- Filings479 in all: 4 (80), 8-K (78), 10-Q (41), S-8 (37), NT 10-Q (26), 10QSB (17), NT 10-K (16), SC 13G/A (15)1
All 47 form types
10-K (13), 10-Q/A (11), CORRESP (11), SC 13D/A (11), UPLOAD (9), 3 (8), DEF 14A (7), SC 13G (7), 10-K/A (6), 144 (6), PRE 14A (6), SB-2/A (6), 10QSB/A (5), 4/A (5), 8-K/A (5), S-1/A (5), 10KSB (4), RW (4), S-2/A (4), S-2 (3), S-3/A (3), S-8 POS (3), SC 13D (3), 10KSB/A (2), 424B3 (2), DEF 14C (2), EFFECT (2), PRER14A (2), S-1 (2), S-3 (2), SB-2 (2), 10-K405 (1), 10-QT (1), 10KSB40 (1), 15-12G (1), 8-A12G (1), DEFA14A (1), NTN 10K (1), PREM14A (1)
- Latest filingsAnnual report (10-K) Sep 30, 2025
Quarterly report (10-Q) May 21, 2026
Proxy statement (DEF 14A) Apr 6, 2006
Latest 8-K (8-K) Oct 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.005 par value per share | DFCO |
From the cover page of the 10-K filed Sep 30, 2025 (Section 12(b) of the Exchange Act).12
Risk factors and legal proceedings
Legal proceedings
In September 2023, Asset Group, Inc. (“Asset”) filed a breach of contract with Dalrada Health Products (“DHP”) in the Superior Court of San Diego. The case arises out of a Purchase Order wherein Asset agreed to pay DHP the sum of $3,240,000 for the purchase of 1,800,000 IRIS Ear Loop Face Masks during the COVID-19 pandemic. Asset filed a complaint alleging DHP did not have authority to sell the masks. However, DHP have provided their counsel with proof of authority and are preparing a Cross-Complaint for Asset’s material breach of the contract. This matter is currently set for trial January 31, 2025. On January 15, 2025 DHP filed a cross-complaint against Asset Group and Dimco Holdings for tortious interference with contractual business relations. DHP contends that Asset and Dimco owe DHP the profits it would have made ($3,240,000) had Dimco not interfered with the sale. A jury trial is now scheduled for April 2026. Discovery is currently ongoing.
In March 2024, MDIQ filed a breach of contract with Dalrada Financial Corporation (“DFCO”) in Collin County Texas Superior Court. MDIQ was hired to process insurance claims for COVID-19 testing performed by Empower Genomics. MDIQ failed to perform yet filed a civil collection case against DFCO for failure to pay the invoices. DFCO is now in the process of counter suing for approximately $2,000,000 of unpaid claims that we would have benefitted from had MDIQ performed according to the contract. No trial date has been set in this matter and the parties are in the process of conducting discovery.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARBrian Bonar, Chief executive officer
- 14SEC EDGARBrian Bonar, Chief financial officer
- 15
- 16
- 17SEC EDGARFawad Nisar, Chief operating officer
- 18SEC EDGARAmy Wing Scannell, Board member
- 19
- 20SEC EDGARAnuradha Biswas, Board member
- 21SEC EDGARFletcher Albert Robbe, Board member
- 22SEC EDGARGuy Brian Kendrick, Board member
- 23
- 24SEC EDGARPauline Gourdie, Board member
- 25SEC EDGARThomas Giles, Board member
- 26SEC EDGARAnthony J. Zolezzi, Board member
- 27SEC EDGARDavid J. Bacon, Board member
- 28SEC EDGARBijan R. Kian, Board member
- 29SEC EDGARJose L. Arrieta, Board member
- 30
- 31
- 32SEC EDGARDebt or obligation accelerated
- 33
- 34
- 35SEC EDGAROther events
- 36SEC EDGARExecutive or director change
- 37SEC EDGARListing notice or transfer
- 38
- 39SEC EDGARExecutive or director change
- 40SEC EDGARChange of auditor
- 41SEC EDGARExecutive or director change