| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Change in fair value of claims settlement liability | NaN | 0 | 2,584,724 | NaN |
| Loss on issuance of warrants | NaN | 0 | -8,756,303 | NaN |
| Loss on issuance of notes payable | NaN | -2,062,500 | -443,466 | -1,474,096 |
| Loss on issuance of sepa | NaN | 0 | 0 | -2,582,724 |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | NaN | 0 | 0 | 6,064,823 |
| Loss on extinguishment of accounts payable (including 290,676 and nil with related parties, respectively) | NaN | 1,151,623 | -6,513,554 | NaN |
| Loss on extinguishment of notes payable (including 2,840,115 and 1,491,666 with related parties, respectively) | NaN | 0 | -3,265,002 | -6,873,335 |
| Amortization of deferred financing costs | NaN | 0 | 0 | 28,433 |
| Loss on settlement of claims liability, net | NaN | 395,379 | NaN | NaN |
| Sepa fees and issuance costs | NaN | -1,043,836 | -28,451 | -1,075,000 |
| Gain on sale of intellectual property intangible assets | NaN | 0 | 0 | 8,961,872 |
| Net loss | -459,898 | -27,813,280 | -22,421,596 | -28,836,400 |
| Depreciation and amortization | 112,175 | 0 | 0 | 446,449 |
| Stock-based compensation | 202,561 | 790,386 | 207,508 | 794,646 |
| Provision for credit losses | 12,245 | NaN | NaN | NaN |
| Debt issuance costs expensed under fair value option | NaN | 1,395,166 | 143,000 | 161,380 |
| Net change in employee benefit liability | 6,610 | NaN | NaN | NaN |
| Interest expense recognized on preferred obligation related to orbit transaction (related party) | 67,737 | 103,299 | NaN | NaN |
| Settlement of transaction costs through reduction of receivable | NaN | -150,000 | NaN | NaN |
| Equity in losses of unconsolidated affiliates (related party) | NaN | 30,175 | NaN | NaN |
| Change in fair value of warrant liabilities | -11,396,260 | 12,612,546 | 1,392,598 | -110,314 |
| Loss on issuance of warrants and related costs | -8,206,193 | NaN | NaN | NaN |
| Change in fair value of debt | -8,279,246 | NaN | NaN | NaN |
| Loss on issuance of debt | -11,661,274 | NaN | NaN | NaN |
| Gain on initial recognition of tekne investment | 84,000 | NaN | NaN | NaN |
| Change in fair value of investments | 36,285 | NaN | NaN | NaN |
| Gain on issuance of syme bonds (related party) | 49,514 | NaN | NaN | NaN |
| Change in fair value of syme bonds (related party) | 33,038 | NaN | NaN | NaN |
| Change in fair value of contingent consideration (including 304,381 and nil with related parties, respectively) | -300,364 | NaN | NaN | NaN |
| Change in fair value of notes payable (including 847,646 and nil with related parties, respectively) | NaN | 2,405,533 | 44,800 | 1,166,373 |
| Change in fair value of derivative liability (including 4,909,820 and nil with related parties, respectively) | -4,909,820 | 0 | 0 | -37,900 |
| Change in fair value of convertible notes receivable (including 219,000 and nil with related parties, respectively) | 1,073,803 | -1,624,078 | -1,044,294 | -11,400 |
| Remeasurement of subscription for orbit shares (related party) | -1,189,837 | NaN | NaN | NaN |
| Remeasurement of orbit equity method investment (related party) | 59,408 | NaN | NaN | NaN |
| Change in fair value of sepa liability | -228,935 | -1,589,226 | 646,443 | 260,507 |
| Accounts receivable | -293,562 | NaN | NaN | NaN |
| Interest expense recognized on remeasurement of preferred stock liability | NaN | 0 | 0 | 10,398,050 |
| Inventories | 46,470 | NaN | NaN | NaN |
| Prepaid expenses and other current assets | 169,049 | -943,698 | 1,419,692 | 97,647 |
| Contract liabilities | NaN | -12,000 | NaN | NaN |
| Operating lease liability | NaN | 0 | 0 | -237,369 |
| Accounts payable | -510,181 | -619,298 | 1,873,710 | 776,714 |
| Accrued expenses | -1,086,890 | -1,376,990 | -1,031,094 | 2,181,068 |
| Other liabilities | -12,770 | NaN | NaN | NaN |
| Net cash used in operating activities | -9,105,949 | -9,005,821 | -3,097,977 | -3,986,504 |
| Payments for acquisitions and investments (related party) | NaN | 4,113,253 | 0 | 600,000 |
| Cash paid for acquisition of controlling financial interest in orbit, net of cash acquired | 540,915 | NaN | NaN | NaN |
| Payment related to syme inventory advance (related party) | NaN | 5,268,545 | 400,000 | NaN |
| Cash paid for lyocon acquisition, net of cash acquired | 749,905 | NaN | NaN | NaN |
| Payments under convertible notes receivable (related party) | 18,075,510 | 2,197,478 | 2,307,394 | 650,000 |
| Advance on tekne convertible receivable | NaN | 1,179,686 | NaN | NaN |
| Net cash used in investing activities | -19,366,330 | -12,758,962 | -2,707,394 | -1,250,000 |
| Proceeds from note borrowings | NaN | 23,250,000 | 1,757,000 | 5,399,708 |
| Repayments of debt | 1,712,314 | 433,333 | 1,650,001 | 1,024,898 |
| Proceeds received from the offering | NaN | NaN | 11,994,834 | NaN |
| Proceeds received from the 2025 offering | NaN | 11,994,834 | NaN | NaN |
| Proceeds received from the february 2026 offering | 11,994,929 | NaN | NaN | NaN |
| Proceeds received from the sepa | 2,172,771 | 20,107,033 | 1,830,853 | NaN |
| Payments of debt and equity issuance costs | 1,137,116 | 2,439,002 | 1,658,319 | NaN |
| Proceeds received from settlement | NaN | 0 | 0 | 1,000,000 |
| Payments of notes issuance and sepa issuance costs | NaN | NaN | NaN | 236,380 |
| Restricted stock units withheld for tax withholdings | NaN | 173 | -217 | 173 |
| Proceeds from exercise of warrants | 764,018 | NaN | NaN | NaN |
| Net cash provided by financing activities | 12,082,288 | 40,484,525 | 12,510,964 | 5,138,257 |
| Effect of exchange rate changes on cash | -4,183 | NaN | NaN | NaN |
| Net change in cash and cash equivalents and restricted cash during the period | -16,394,174 | 18,719,742 | 6,705,593 | -98,247 |
| Cash and cash equivalents and restricted cash - beginning of period | 25,536,425 | 6,816,683 | 209,337 | NaN |
| Cash and cash equivalents and restricted cash - end of period | 9,142,251 | 25,536,425 | 6,816,683 | NaN |
Nuburu, Inc. (BURUW)
Nuburu, Inc. (BURUW)