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MARKETS / NASDAQ / DYAI
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · SMALL CAP

Dyadic International Inc. DYAI

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.1M
▼ 11.6% YoY
$-7.4M
In brief

What this company does

The Company develops, manufactures, and commercializes precision-engineered, animal-free recombinant proteins and enzymes for applications in life sciences, food and nutrition, and bio-industrial markets. These products are produced using Dyadic’s proprietary microbial expression platforms, including the C1 and Dapibus™ systems, which enable scalable and cost-effective production of recombinant proteins used in research, diagnostics, cell culture, nutrition, and industrial biotechnology. The Company utilizes third-party consultants, contract research organizations, and manufacturing partners to support certain research, development, and commercial activities. For more than two decades, the Company developed a gene expression platform for producing commercial quantities of industrial enzymes and other proteins.

Written from the business description in Dyadic International, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 March 2026. Every sentence was checked against that document before publication.

Growth
USD 3.1M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 3.1 · Net income -7.4
2M-5M-10M201720182019202020212022202320242025
Compound annual growth
+1.8%
+14.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−238 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -232.8% · Net -238.3%
-500%201720182019202020212022202320242025
ROE
FY2025 · ROE -397.8%
-100%-200%-300%201720182019202020212022202320242025

Each USD of equity lost 398 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2019 · Dividends — · Net buybacks -0.6
2.5M5.0M201720182019

Total assetsUSD 9.9M
EquityUSD 1.2M
CashUSD 4.6M
Current ratio2.68×

Equity funds 12% of total assets.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B0.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B·········
Income tax $B····0.00.00.0−0.0−0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.23−0.20··−0.47−0.34−0.31−0.21−0.07
Dividend / sh $·········
Payout %·········
ROE %−397.8−139.2−80.1−66.1−55.8−29.0−21.2−12.3−4.0
Shares out B0.040.030.030.030.030.030.030.030.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 35 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 51 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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