FiEE, Inc. (NASDAQ:FIEE) released unaudited financial results for the three and nine months ended September 30, 2026, on November 13, 2026, reporting a 382.1% year-on-year revenue increase and a swing from net loss to net income for the nine-month period.

Key Highlights

  • Revenue surged 382.1%: Nine-month revenue reached approximately $9.6 million, up from $2.0 million in the same period of 2025, according to the filing.
  • Net income turnaround: The company reported net income of approximately $3.6 million for the nine months ended September 30, 2026, compared to a net loss of $1.3 million in the prior-year period.
  • Gross profit of $7.3 million: Gross margin was 76.3% for the nine-month period, down from 83.0% in the same period of 2025.
  • Phygital art advisory services contributed $3.5 million: This business line generated $3.5 million in revenue for the nine months ended September 30, 2026, compared to $0 in the same period of 2025.
  • 939 SaaS-MCN customers onboarded: As of September 30, 2026, cumulative service fees for SaaS-MCN digital services totaled $9.2 million, of which $9.0 million had been recognized as revenue on a cumulative basis.
  • Diluted EPS of $0.24: Diluted earnings per common share was $0.24, compared to a diluted loss per common share of $0.25 for the nine months ended September 30, 2025.

FiEE's Nine-Month 2026 Financial Performance Across Diversified Service Lines

According to the filing, FiEE's total revenue for the nine months ended September 30, 2026, was $9,567,853, compared to $1,984,660 in the same period of 2025. The company attributed this increase primarily to its strategic transition from legacy hardware operations to SaaS solutions, integrating AI and big data into content creation and brand management, and expansion into multiple new business lines.

Breaking down revenue by segment, the filing reported SaaS-MCN digital services at $3,674,774 (up 104.5% year-on-year), software services at $2,305,473 (up 1,130.6%), phygital art advisory services at $3,543,862 (compared to zero in 2025), and other services at $43,744. As of September 30, 2026, the company had 32 software services customers, an increase of one from June 30, 2026, with contracts totaling $4.1 million secured. Phygital art advisory services had served five corporate clients and 601 individual clients, with related accounts receivable of $2.2 million.

Operating expenses for the nine-month period were approximately $3.5 million, up 26.0% from $2.8 million in the same period of 2025. The filing noted that selling and marketing expenses rose to approximately $0.5 million from $0.05 million, partly due to share-based compensation expense connected to equity awards granted in May 2026 under the company's 2025 Equity Incentive Plan. General and administrative expenses were approximately $2.9 million, reflecting higher share-based compensation, legal and audit fees. Operating income was approximately $3.8 million, a turnaround from an operating loss of $1.1 million in the prior-year period. For the third quarter alone, revenue was approximately $2.6 million and net income was approximately $1.1 million, compared to revenue of $1.9 million and a net loss of $0.3 million for the three months ended September 30, 2025.

What Was Disclosed

FiEE, Inc. disclosed unaudited financial results for the three and nine months ended September 30, 2026, reporting significant revenue growth across SaaS-MCN digital services, software services, and phygital art advisory services, alongside a swing from net loss to net income. The filing also contains forward-looking statements subject to the company's cautionary language.