Rank One Computing Corporation (NASDAQ: ROC) reported total revenue of $17.0 million for 2025, representing a 24% increase from the previous year. The Denver-based vision AI company also completed its initial public offering on the Nasdaq Capital Market in February 2026.

Product revenue grew 58% to $12.1 million, driven by adoption of ROC Watch and sustained performance of the ROC SDK. Both ROC Watch and ROC Enroll delivered revenue growth exceeding 300% compared to 2024. Government research and development contracts generated $4.9 million in revenue, down from $6.0 million in 2024, which the company attributed to timing variability in public-sector contract cycles and a late 2025 government shutdown.

Gross profit increased to $13.1 million from $12.0 million in the prior year. However, gross margin decreased to 77% from 87% in 2024, reflecting continued investments in platform infrastructure scaling. Operating expenses rose to $15.1 million from $13.2 million, primarily due to increased labor costs related to product development and platform expansion.

The company reported a net loss of $2.7 million compared to $0.7 million in the previous year. ROC ended 2025 with $0.3 million in cash and no outstanding debt.

ROC completed its IPO on February 23, 2026, selling 4 million shares at $6.00 per share. Including a partial overallotment exercise in March, the company raised approximately $21.5 million in net proceeds after underwriting fees and expenses.

The company also launched ROC Access, entering the physical access control market with biometric identity verification devices. Its ROC Access Face1 product received a "Best in Biometrics" award at ISC West 2026.