FiEE, Inc. (formerly Minim, Inc.) reported significant financial growth in its latest 10-K filing for the fiscal year ending December 31, 2025. The company generated total revenues of $6.19 million, marking an increase of 867.9% compared to $639,893 in the previous fiscal year. This surge in revenue is attributed to the company's strategic pivot from legacy hardware operations to a focus on Software as a Service (SaaS) solutions, particularly in digital content services, software development, and digital authentication services. The company achieved a net income of $1.07 million, a substantial turnaround from a net loss of $4.22 million in 2024.
The filing highlights several strategic developments, including the acquisition of Houren-Geiju Kabushikikaisha (HGK), a Japanese technology firm specializing in digital authentication services, for a total of $3.5 million. This acquisition, completed on November 30, 2025, enhances FiEE's capabilities in AI and blockchain technology, allowing it to offer advanced authentication services for artworks. Additionally, the company launched customized software services in July 2025, contributing to its revenue growth and expanding its service offerings.
Operationally, FiEE reported onboarding approximately 800 customers by the end of 2025, with SaaS-MCN digital service fees totaling $6.8 million. The company also recognized $329,044 in revenue from its digital authentication services, which served one corporate client and 38 individual clients. The company’s gross profit margin improved to 86.4%, up from 32.4% in the previous year, reflecting the higher margins associated with its new service lines. The total employee headcount as of December 31, 2025, included three full-time employees, five independent contractors, and 33 dispatched workers.
Despite the positive financial performance, the company faces challenges, including a material weakness in internal controls over financial reporting due to insufficient accounting staffing during its restructuring. Management has initiated a remediation plan, which includes hiring additional qualified personnel and enhancing review processes. Looking ahead, FiEE plans to continue its focus on strategic acquisitions and expanding its market presence, particularly in high-growth sectors such as AI and blockchain. The company has expressed a need for approximately $10 million in funding over the next three years to support its growth strategy and operational needs.
About FiEE, Inc.
FiEE, Inc. (formerly Minim, Inc.) is a digital service provider specializing in integrating artificial intelligence and data analytics into content creation and brand management. It offers services in digital account management, content operations, growth analytics, and community engagement for creators and businesses. The company supports multi-platform brand development, leveraging emerging technologies to enhance digital visibility and engagement.
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