# APPLIED ENERGETICS, INC. (AERG) · Edgar & Edgarette company card

> Applied Energetics (AERG) saw revenue fall 81.0% in FY2025 to $0 million, operating margin -3234% against a 5.9% median for search, detection, navigation, guidance, aeronautical sys, equity 83.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 879911 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/AERG) · [JSON](https://www.pops4.com/boards/company/AERG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $461,727 |
| Revenue growth, 1 year | -81.0% |
| Revenue growth per year | 21.3% |
| Operating margin | -3233.6% (prior year -378.2%) |
| Net margin | -3221.1% |
| Operating cash flow | −$9M |
| Capital spending | $1M |
| Free cash flow | −$10M |
| Cash | $6M |
| Long-term debt | — |
| Total assets | $9M |
| Total equity | $8M |
| Equity ÷ assets | 83.4% |
| Return on equity | -196.7% |
| Dividend per share | $1 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: -49.86 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative (-$9.2M in FY2025); operating loss: a margin of -3233.6% in FY2025; revenue is hard to predict: its 80% range is ±63%

## Edgarette's reading

Exposure: revenue $462K (FY2025). Experience: revenue down 81.0% on the year, up 21.3% a year over 5 years; operating margin -3233.6%, down from -378.2%. Soundness: equity 83.4% of assets, return on equity -196.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $97K and $427K next year (method v4.1: its own 2-year record of growth weighed at 25% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $88K to $474K. A statistical range, not company guidance. Against peers (147 filers, $50M+ revenue, its industry group): operating margin -3233.6% against a 5.9% median; growth -81.0% against 7.9%.

Range logged 2026-11-06, receipt f88e85a4cb852689, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-02-03 ([filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026011444/0001213900-26-011444-index.htm))

## Recent filings

- DEF 14A · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026116372/0001213900-26-116372-index.htm)
- 8-K · filed 2026-10-22 · 5.08 Shareholder Nominations Pursuant to Rule 14a-11; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026111694/0001213900-26-111694-index.htm)
- 8-K · filed 2026-10-09 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026108233/0001213900-26-108233-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026089178/0001213900-26-089178-index.htm)
- 8-K · filed 2026-05-14 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026056864/0001213900-26-056864-index.htm)
- 10-Q · filed 2026-05-14 · [filing](https://www.sec.gov/Archives/edgar/data/879911/000121390026056008/0001213900-26-056008-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000879911.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=879911

## Cite

POPS4, Edgar & Edgarette: APPLIED ENERGETICS, INC. (AERG) company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/AERG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.