Neonode Inc.(NEON)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $11.1M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
NEON Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Neonode Inc. (NEON), a Technology sector company. NEON is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $11.1m in revenue. Based on the latest XBRL financial filings (Q1 2026), Neonode Inc. reports quarterly revenue of $614.0K, net income of $-1.9M, free cash flow of $-2.1M. Top institutional holders of NEON by reported 13-F value include BlackRock,, TWO SIGMA INVESTMENTS,, GEODE CAPITAL MANAGEMENT,, based on the most recent SEC filings. NEON trades on the Nasdaq exchange and files with the SEC under CIK 87050. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NEON daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Neonode Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$614.0K
Net Income
Q1 2026
$-1.9M
Free Cash Flow
Q1 2026
$-2.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-33.7% YoYNet Income
+231.3% YoYOperating Income
+212.6% YoYEPS (Diluted)
Total Assets
+46.3% YoYOp. Cash Flow
-83.4% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $2.1M -33.7% | $3.1M -45.2% | $5.7M -2.8% | $5.8M -2.5% | $6.0M -29.9% | $8.5M |
| Net Income | $8.5M +231.3% | $-6.5M -32.4% | $-4.9M +24.3% | $-6.5M -2.7% | $-6.3M -105.3% | $-3.1M |
| Operating Income | $7.4M +212.6% | $-6.5M -23.9% | $-5.3M +25.6% | $-7.1M -14.8% | $-6.2M -59.7% | $-3.9M |
| EPS (Diluted) | — | $-0.41 -13.9% | $-0.36 +33.3% | $-0.54 | — | — |
| Total Assets | $26.9M +46.3% | $18.4M -13.3% | $21.2M -7.8% | $23.0M +38.7% | $16.6M +25.1% | $13.2M |
| Operating Cash Flow | $-10.3M -83.4% | $-5.6M +17.9% | $-6.8M +11.3% | $-7.7M -33.5% | $-5.8M -101.2% | $-2.9M |
AI Insight: NEON Financial Trends
Neonode remains unprofitable with negligible revenue; Q3 2025's $14M net income was a one-time event now reversed.
• Revenue flat at $0–1M across all eight quarters; no growth trajectory visible.
• Operating cash flow deteriorated to −$2M to −$6M range; Q3 2025's $14M net income did not translate to cash generation.
• Equity volatility: spiked to $27M in Q3 2025 (non-operating), then declined to $23M by Q1 2026.
⚠ Operating cash burn intensified to −$6M in Q4 2025, highest on record; runway sustainability critical.
⚠ Q3 2025 profitability ($14M NI, $14M OI) appears one-off; company reverted to losses in Q4 2025 and Q1 2026.
AI Insight: NEON Ratio Trends
Neonode swung to strong profitability in TTM 2026, posting 36.6% ROE after four consecutive quarters of deep losses.
• ROE recovered from -32.6% in Q1 2026 to 36.6% in TTM 2026; ROA improved from -29.9% to 33.6% over same window.
• ROIC climbed from -36.3% in Q1 2026 to 31.8% in TTM, signaling return to capital efficiency after 18 months underwater.
• Q2 2025 marked the trough with -66.7% ROIC; company has since stabilized returns across all three profitability metrics.
⚠ TTM profitability reversal driven by unobserved Q3 2025 and latest quarter composition—reconcile underlying operational drivers.
⚠ Operating and net margins absent for recent periods; verify earnings durability and margin sustainability going forward.
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Available Research
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Top Institutional Holders of NEON
BlackRock, Inc.
$1.1M803,191 shTWO SIGMA INVESTMENTS, LP
$512.4K366,011 shGEODE CAPITAL MANAGEMENT, LLC
$438.0K312,776 shSTATE STREET CORP
$321.0K229,264 shVANGUARD PORTFOLIO MANAGEMENT LLC
$249.3K178,060 shMORGAN STANLEY
$246.8K176,277 shVANGUARD CAPITAL MANAGEMENT LLC
$188.7K134,812 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$176.3K125,923 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$174.2K124,400 shNORTHERN TRUST CORP
$131.4K93,835 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1M | 803,191 |
| TWO SIGMA INVESTMENTS, LP | $512.4K | 366,011 |
| GEODE CAPITAL MANAGEMENT, LLC | $438.0K | 312,776 |
| STATE STREET CORP | $321.0K | 229,264 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $249.3K | 178,060 |
| MORGAN STANLEY | $246.8K | 176,277 |
| VANGUARD CAPITAL MANAGEMENT LLC | $188.7K | 134,812 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $176.3K | 125,923 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $174.2K | 124,400 |
| NORTHERN TRUST CORP | $131.4K | 93,835 |
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Popular Research
Is NEON a good stock to buy?
13F Pro's AI-powered analysis of Neonode Inc. (NEON) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NEON are available on the NEON stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NEON?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NEON. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Neonode Inc.'s investment landscape.