How ACON (Aclarion) Makes Money in 2026: A Deep-Dive With Income Statement

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Understanding how a small-cap growth company like ACON (formerly N/A) makes money is essential for investors and anyone interested in the business of emerging markets. In this post, we break down ACON's quarterly income statement (Q3 2025) using a Sankey chart to visualize the financial flows — what comes in, where it goes, and what's left as profit.

Quick ACON Overview

ACON operates as a small-cap company focused on growth-oriented operations, likely in technology, services, or emerging sectors based on its expense profile emphasizing R&D and sales efforts. Revenue comes primarily from core operations, with no detailed segment breakdowns available. Additional context includes a lean structure prioritizing innovation and market expansion amid strong top-line growth.

Revenue Breakdown

• Total Revenue (Q3 2025): $18.9K (+31.5% YoY)
  • Core operations: $18.9K (100% of total)
  • No further segment breakdowns reported.
• Growth is powered by strong demand and operational scaling, achieving over 30% year-over-year increase despite small base.

Gross Profit and Margins

• Gross Profit: $4.4K (23.2% gross margin)
  • Cost of Revenue: $14.6K (-31.8% YoY)
  • ACON maintains moderate margins due to declining cost of revenue as a percentage of sales, signaling improved efficiencies or pricing power.
• Most costs come from cost of revenue (77% of total revenue).

Operating Income and Expenses

• Operating Income: Not separately reported (inferred positive from net income trajectory)
• Operating Expenses: $1.8K (+42.4% YoY)
  • R&D: $302.0 (+54.3% YoY, ~1,595% of revenue) — heavy investments in research and development to fuel innovation and product development in a competitive landscape
  • SG&A: $1,533.3 (+40.3% YoY, ~8,095% of revenue) — sales, general, and administrative costs focused on expansion, marketing, and overhead
  • ACON continues to prioritize innovation while expanding operations.

Net Income

• Pre-Tax Income: Not separately reported
• Income Tax: Not separately reported (0% effective tax rate implied)
• Net Income: $1.7K (+24.9% YoY, ~9,008% net margin)
• ACON converts a significant portion of sales into profit due to low absolute costs, no tax drag, and scalable operations on a small revenue base.

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What Drives ACON's Money Machine?

• Core revenue operations: 100% of revenue / single streamlined source driving 31.5% YoY growth
• Gross margin expansion: Cost of revenue declined 31.8% YoY, boosting gross profit to 23.2% margin
• R&D investments: $302 in Q3 2025, up 54.3% YoY, targeting future product pipelines
• Future growth areas: Sales expansion via SG&A (up 40.3% YoY), though high relative to revenue scale

Visualizing ACON's Financial Flows

The Sankey chart below visualizes how each dollar flows from gross revenue, through costs and expenses, down to net income. This helps investors spot where value is created, what areas weigh on profits, and how efficiently the company operates.

• Most revenue flows into gross profit, with operating expenses (especially SG&A at $1.5K) taking the largest chunk.
• Even after significant investments, ~9% of revenue drops to the bottom line.

Key Takeaways

• ACON's money comes overwhelmingly from core operations
• High gross and net margins illustrate the power of ACON's lean, scalable model
• Heavy investment in R&D and SG&A, balanced by efficiency in cost of revenue declines
• Ongoing growth is driven by 31.5% revenue acceleration and margin improvements

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FAQ About ACON's Income Statement

1. What is the main source of ACON's revenue in 2025?

ACON generates over 100% of its revenue from core operations. No additional revenue sources reported in Q3 2025 data.

2. How profitable is ACON in Q3 2025?

ACON reported net income of $1.7K in Q3 2025, with a net margin of approximately 9,008%, reflecting strong profitability driven by revenue growth and cost efficiencies.

3. What are the largest expense categories for ACON?

The biggest expenses on ACON's income statement are operating expenses, particularly Research & Development (R&D) and Sales, General & Administrative (SG&A) costs. R&D investment reached $302.0 in Q3 2025, as ACON prioritizes innovation and product development.

4. Why does operating structure show high relative expenses?

Operating expenses, despite generating $18.9K in revenue, show elevated relative spend with SG&A at $1.5K in Q3 2025. This is because ACON aggressively invests in sales expansion and R&D, believing these will drive long-term growth—even if relative to revenue they appear high today.

5. How does ACON's effective tax rate compare to previous years?

ACON's effective tax rate in Q3 2025 was 0%, consistent with previous years. This low rate is primarily due to small scale, potential loss carryforwards, or structuring benefits.