Artificial Intelligence Technology Solutions, Inc. (AITX) filed its Annual Report on Form 10-K with the SEC on May 30, 2025, for the fiscal year ended February 28, 2025. The company reported record annual revenue of $6,130,886, representing a 275% increase over FY2024 revenues, driven by the accelerating adoption of its AI-driven physical security solutions.
Gross profit for FY2025 reached $3,744,564, marking a substantial increase of $3,178,747, or 562%, over the prior year’s gross profit of $565,817. This significant margin expansion reflects streamlined operations and a stable, fully deployed product set.
AITX also made considerable improvements to its balance sheet, successfully renegotiating with a lender to extend maturities on various loans totaling $24.7 million at no cost. As a result, the current ratio improved from 0.17 as of February 29, 2024, to 0.66 on February 28, 2025, and current liabilities decreased to $7.6 million from $21.7 million.
The company expects its recurring monthly revenue (RMR) run rate to surpass $1 million by year-end, with internal forecasts indicating potential RMR growth to as high as $2.0 million. AITX continues to pursue its long-stated objective of uplisting to NASDAQ, with expectations to achieve this milestone between 2027 and 2029.
Operational achievements included the completion of the rollout of its fourth-generation (Gen 4) platform across all core product lines and the successful launch of SARA (Speaking Autonomous Responsive Agent), which is now central to the company’s recurring revenue growth plans. These advancements position AITX closer to operational profitability than ever before.
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