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Nuburu, Inc.

SIC 3690 · Miscellaneous Electrical Machinery, Equipment & Supplies
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$BURU

Nuburu, Inc.

CIK:0001814215|SEC Filings
v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue (including $43,310 and nil for the three months ended June 30, 2026 and 2025, respectively, and $73,322 and nil for the six months ended June 30, 2026 and 2025, respectively, with related parties) $ 524,927 $ 0 $ 932,571 $ 0
Cost of revenue 903,496 (4,538) 1,556,256 231,179
Gross loss (378,569) 4,538 (623,685) (231,179)
Operating expenses:        
Research and development 227,480 0 294,980 184,563
Selling and marketing 1,582,358 526,996 3,559,883 1,070,333
General and administrative 3,632,893 4,095,229 9,247,579 6,174,034
Total operating expenses 5,442,731 4,622,225 13,102,442 7,428,930
Loss from operations (5,821,300) (4,617,687) (13,726,127) (7,660,109)
Non-operating income (loss):        
Interest income 5,979 19,194 43,579 26,579
Interest expense (including nil and nil for the three months ended June 30, 2026 and 2025, respectively, and $67,737 and nil for the six months ended June 30, 2026 and 2025, respectively, with related parties) (3,093) (160,952) (74,305) (354,432)
Change in fair value of warrant liabilities 829,415 (16,986) 12,225,675 110,314
Loss on issuance of warrants and related costs (18,498) 0 (8,224,691) 0
Change in fair value of debt 393,246 (1,422,895) 8,672,492 (1,166,373)
Loss on issuance of debt 0 (766,296) (11,661,274) (1,474,096)
Gain on initial recognition of Tekne Investment 0 0 84,000 0
Change in fair value of investments (3,087,260) 0 (3,123,545) 0
Gain on issuance of SYME Bonds (related party) 0 0 49,514 0
Change in fair value of SYME Bonds (related party) 95,206 0 62,168 0
Change in fair value of contingent consideration (including $351,042 and nil for the three months ended June 30, 2026 and 2025, respectively, and $46,661 and nil for the six months ended June 30, 2026 and 2025, respectively, with related parties) (368,523) 0 (68,159) 0
Change in fair value of derivative liability (including nil and nil for the three months ended June 30, 2026 and 2025, respectively, and $4,909,820 and nil for the six months ended June 30, 2026 and 2025, respectively, with related parties) 0 0 4,909,820 37,900
Change in fair value of convertible notes receivable (including $174,100 and nil for the three months ended June 30, 2026 and 2025, respectively, and $393,100 and nil for the six months ended June 30, 2026 and 2025, respectively, with related parties) 1,049,536 (11,400) 2,123,339 (11,400)
Remeasurement of subscription for Orbit shares (related party) 0 0 1,189,837 0
Remeasurement of Orbit equity method investment (related party) 0 0 (59,408) 0
Change in fair value of SEPA liability 1,244,414 (260,507) 1,473,349 (260,507)
Loss on issuance of SEPA 0 (2,582,724) 0 (2,582,724)
SEPA fees and issuance costs (45,515) (1,075,000) (45,515) (1,075,000)
Loss on extinguishment of debt (including nil and nil for the three months ended June 30, 2026 and 2025, respectively, and nil and $27,139 for the six months ended June 30, 2026 and 2025, respectively, with related parties) 0 (1,375,819) 0 (6,873,335)
Gain on sale of intellectual property intangible assets 0 0 0 8,961,872
Loss on impairment of inventories, property and equipment and operating lease right-of-use asset 0 0 0 (6,064,823)
Interest expense recognized on remeasurement of preferred stock liability 0 0 0 (10,398,050)
Other income (loss), net 11,532 46,097 (25,508) (52,216)
Loss before provision for income taxes (5,714,861) (12,224,975) (6,174,759) (28,836,400)
Income tax provision 0 0 0 0
Net loss (5,714,861) (12,224,975) (6,174,759) (28,836,400)
Other comprehensive income (loss):        
Foreign currency translation adjustments 40,917 0 67,340 0
Defined benefit pension plan adjustments (6,076) 0 (5,172) 0
Comprehensive loss (5,680,020) (12,224,975) (6,112,591) (28,836,400)
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants (1,573,312) 0 (2,047,370) 0
Reclassification of convertible preferred stock from mezzanine equity to liability 0 0 0 10,398,050
Deemed dividend in connection with modification of pre-funded warrants 0 0 0 (3,076,380)
Net loss available to common stockholders $ (7,288,173) $ (12,224,975) $ (8,222,129) $ (21,514,730)
Net loss per common share, basic [2] $ (1.46) [1] $ (36.81) $ (2.07) [3] $ (86.28)
Net loss per common share, diluted [2] $ (1.46) [1] $ (36.81) $ (2.07) [3] $ (86.28)
Weighted-average common shares used to compute net loss per common share, basic [2] 4,996,301 332,087 3,981,615 249,355
Weighted-average common shares used to compute net loss per common share, diluted [2] 4,996,301 332,087 3,981,615 249,355
[1] Net loss per common share as restated reflects the 1-for-40 reverse stock split effected on September 1, 2026, applied retroactively. Of the $(1.42) adjustment, $(1.57) is attributable to the reverse stock split and $0.15 to the correction of the error.
[2] Amounts for (i) the periods presented have been adjusted to reflect the September 2026 Reverse Stock Split, as defined and further described in Note 2, and (ii) the 2025 periods presented have been adjusted to reflect the 1-for-4.99 February 2026 Reverse Stock Split, as defined and further described in Note 2.
[3] Net loss per common share as restated reflects the 1-for-40 reverse stock split effected on September 1, 2026, applied retroactively. Of the $(2.01) adjustment, $(2.20) is attributable to the reverse stock split and $0.19 to the correction of the error.