Alpine 4 Holdings Inc Financials
This page shows Alpine 4 Holdings Inc (ALPP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Alpine 4 Holdings Inc has an operating margin of -10.3%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -42.8% the prior year.
Alpine 4 Holdings Inc's revenue surged 102.5% year-over-year to $104.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Alpine 4 Holdings Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
Alpine 4 Holdings Inc's current ratio of 1.47 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.
While Alpine 4 Holdings Inc generated -$19.6M in operating cash flow, capex of $1.1M consumed most of it, leaving -$20.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Alpine 4 Holdings Inc generates a -18.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -27.3% the prior year.
Alpine 4 Holdings Inc passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Alpine 4 Holdings Inc generates $1.52 in operating cash flow (-$19.6M OCF vs -$12.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Alpine 4 Holdings Inc earns $-3.4 in operating income for every $1 of interest expense (-$10.8M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Alpine 4 Holdings Inc generated $104.6M in revenue in fiscal year 2022. This represents an increase of 102.5% from the prior year.
Alpine 4 Holdings Inc's EBITDA was -$6.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 63.9% from the prior year.
Alpine 4 Holdings Inc reported -$12.9M in net income in fiscal year 2022. This represents an increase of 33.9% from the prior year.
Alpine 4 Holdings Inc earned $-0.07 per diluted share (EPS) in fiscal year 2022. This represents an increase of 41.7% from the prior year.
Cash & Balance Sheet
Alpine 4 Holdings Inc generated -$20.6M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 28.8% from the prior year.
Alpine 4 Holdings Inc held $2.7M in cash against $22.1M in long-term debt as of fiscal year 2022.
Margins & Returns
Alpine 4 Holdings Inc's gross margin was 20.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 5.9 percentage points from the prior year.
Alpine 4 Holdings Inc's operating margin was -10.3% in fiscal year 2022, reflecting core business profitability. This is up 32.6 percentage points from the prior year.
Alpine 4 Holdings Inc's net profit margin was -12.3% in fiscal year 2022, showing the share of revenue converted to profit. This is up 25.4 percentage points from the prior year.
Alpine 4 Holdings Inc's ROE was -18.4% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 8.9 percentage points from the prior year.
Capital Allocation
Alpine 4 Holdings Inc invested $877K in research and development in fiscal year 2022. This represents a decrease of 40.2% from the prior year.
Alpine 4 Holdings Inc spent $0 on share buybacks in fiscal year 2022, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Alpine 4 Holdings Inc invested $1.1M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 70.1% from the prior year.
ALPP Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.6M-8.6% | $28.0M+15.0% | $24.4M-7.1% | $26.2M-4.6% | $27.5M+8.8% | $25.3M-1.3% | $25.6M+123.6% | $11.4M |
| Cost of Revenue | $22.2M+9.9% | $20.2M+5.7% | $19.1M-12.5% | $21.9M0.0% | $21.9M+14.6% | $19.1M-4.2% | $20.0M+54.5% | $12.9M |
| Gross Profit | $3.4M-56.8% | $7.8M+49.3% | $5.2M+20.6% | $4.3M-22.7% | $5.6M-9.2% | $6.2M+9.3% | $5.6M+483.8% | -$1.5M |
| R&D Expenses | $1.4M-12.4% | $1.6M+1315.7% | $114K-56.7% | $263K+889.3% | $27K-93.3% | $395K+105.7% | $192K+67.5% | $115K |
| SG&A Expenses | $9.0M-9.3% | $9.9M-3.4% | $10.2M+7.5% | $9.5M-0.6% | $9.6M+4.0% | $9.2M+0.2% | $9.2M-12.6% | $10.5M |
| Operating Income | -$40.3M-984.4% | -$3.7M+27.7% | -$5.1M+6.0% | -$5.5M-40.1% | -$3.9M-264.6% | $2.4M+163.1% | -$3.8M+70.0% | -$12.5M |
| Interest Expense | $1.2M+7.9% | $1.1M+11.0% | $999K+99.2% | $501K-52.3% | $1.1M+9.2% | $962K+58.1% | $609K+10.1% | $553K |
| Income Tax | -$116K+55.5% | -$260K+20.5% | -$327K+1.8% | -$333K-69.7% | -$196K-253.2% | $128K+138.5% | -$333K+83.3% | -$2.0M |
| Net Income | -$40.9M-797.8% | -$4.6M+21.1% | -$5.8M-2.1% | -$5.7M-18.6% | -$4.8M-409.4% | $1.5M+138.5% | -$4.0M+66.4% | -$11.9M |
| EPS (Diluted) | $-1.49-727.8% | $-0.18+21.7% | $-0.23 | N/A | $-0.19-371.4% | $0.07+141.2% | $-0.17 | N/A |
ALPP Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $104.5M-26.7% | $142.6M+0.5% | $141.9M-2.5% | $145.6M+2.1% | $142.6M+4.5% | $136.5M+3.5% | $131.9M-2.0% | $134.6M |
| Current Assets | $44.8M-6.6% | $48.0M+5.4% | $45.6M-6.8% | $48.9M-3.9% | $50.9M+14.2% | $44.5M+9.0% | $40.8M-4.7% | $42.8M |
| Cash & Equivalents | $2.9M-23.6% | $3.8M+705.6% | $475K-82.2% | $2.7M-51.0% | $5.5M+30.8% | $4.2M+362.8% | $901K-75.8% | $3.7M |
| Inventory | $22.2M-7.4% | $24.0M-4.9% | $25.3M0.0% | $25.3M+1.1% | $25.0M+5.5% | $23.7M+4.8% | $22.6M-7.5% | $24.4M |
| Accounts Receivable | $16.1M-3.4% | $16.6M+7.0% | $15.5M-9.3% | $17.1M+4.1% | $16.5M+26.4% | $13.0M-4.4% | $13.6M+14.7% | $11.9M |
| Goodwill | $7.8M-65.7% | $22.7M0.0% | $22.7M0.0% | $22.7M0.0% | $22.7M0.0% | $22.7M0.0% | $22.7M0.0% | $22.7M |
| Total Liabilities | $83.9M+2.8% | $81.6M+5.2% | $77.5M+2.5% | $75.6M+12.7% | $67.1M+1.0% | $66.5M+4.2% | $63.8M+1.1% | $63.1M |
| Current Liabilities | $52.0M+12.1% | $46.4M+11.8% | $41.5M+24.6% | $33.3M+17.3% | $28.4M-9.1% | $31.2M+14.4% | $27.3M-10.2% | $30.4M |
| Long-Term Debt | $21.2M-1.8% | $21.6M-0.2% | $21.7M-2.0% | $22.1M-1.9% | $22.5M+8.8% | $20.7M-26.0% | $28.0M+15.6% | $24.2M |
| Total Equity | $20.8M-65.9% | $61.0M-5.3% | $64.4M-8.0% | $70.0M-7.2% | $75.5M+7.8% | $70.0M+2.8% | $68.1M-4.8% | $71.5M |
| Retained Earnings | -$122.8M-49.6% | -$82.1M-5.9% | -$77.5M-8.0% | -$71.7M-8.5% | -$66.1M-7.8% | -$61.3M+2.4% | -$62.9M-6.8% | -$58.9M |
ALPP Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$398K-115.8% | $2.5M+7884.7% | -$32K+98.3% | -$1.9M+82.2% | -$10.5M-683.7% | -$1.3M+77.3% | -$5.9M-40.6% | -$4.2M |
| Capital Expenditures | $1.1M+199.6% | $355K-76.4% | $1.5M+384.0% | $310K | $0-100.0% | $394K+8.5% | $363K-39.6% | $601K |
| Free Cash Flow | -$1.5M-167.8% | $2.2M+240.5% | -$1.5M+29.5% | -$2.2M+79.2% | -$10.5M-505.3% | -$1.7M+72.4% | -$6.3M-30.6% | -$4.8M |
| Investing Cash Flow | -$1.1M-199.6% | -$355K+76.4% | -$1.5M-384.0% | -$310K-183.9% | -$109K-100.9% | $12.1M+3422.1% | -$363K+98.3% | -$21.1M |
| Financing Cash Flow | $557K-53.5% | $1.2M+280.5% | -$664K-10.1% | -$603K-105.1% | $11.9M+259.2% | -$7.5M-316.2% | $3.4M-85.4% | $23.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
ALPP Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.1%-14.6pp | 27.8%+6.4pp | 21.4%+4.9pp | 16.5%-3.8pp | 20.3%-4.0pp | 24.4%+2.3pp | 22.0%+34.9pp | -12.8% |
| Operating Margin | -157.5%-144.3pp | -13.3%+7.8pp | -21.1%-0.2pp | -20.9%-6.7pp | -14.2%-23.6pp | 9.4%+24.1pp | -14.7%+94.5pp | -109.2% |
| Net Margin | -159.6%-143.4pp | -16.2%+7.4pp | -23.7%-2.1pp | -21.6%-4.2pp | -17.3%-23.4pp | 6.1%+21.7pp | -15.6%+88.5pp | -104.2% |
| Return on Equity | -196.2%-188.8pp | -7.5%+1.5pp | -9.0%-0.9pp | -8.1%-1.8pp | -6.3%-8.5pp | 2.2%+8.1pp | -5.9%+10.8pp | -16.7% |
| Return on Assets | -39.1%-35.9pp | -3.2%+0.9pp | -4.1%-0.2pp | -3.9%-0.5pp | -3.3%-4.5pp | 1.1%+4.2pp | -3.0%+5.8pp | -8.8% |
| Current Ratio | 0.86-0.2 | 1.03-0.1 | 1.10-0.4 | 1.47-0.3 | 1.79+0.4 | 1.43-0.1 | 1.50+0.1 | 1.41 |
| Debt-to-Equity | 1.02+0.7 | 0.35+0.0 | 0.34+0.0 | 0.32+0.0 | 0.300.0 | 0.30-0.1 | 0.41+0.1 | 0.34 |
| FCF Margin | -5.7%-13.4pp | 7.7%+14.0pp | -6.3%+2.0pp | -8.3%+29.8pp | -38.1%-31.3pp | -6.9%+17.6pp | -24.5%+17.5pp | -41.9% |
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Frequently Asked Questions
What is Alpine 4 Holdings Inc's annual revenue?
Alpine 4 Holdings Inc (ALPP) reported $104.6M in total revenue for fiscal year 2022. This represents a 102.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alpine 4 Holdings Inc's revenue growing?
Alpine 4 Holdings Inc (ALPP) revenue grew by 102.5% year-over-year, from $51.6M to $104.6M in fiscal year 2022.
Is Alpine 4 Holdings Inc profitable?
No, Alpine 4 Holdings Inc (ALPP) reported a net income of -$12.9M in fiscal year 2022, with a net profit margin of -12.3%.
What is Alpine 4 Holdings Inc's EBITDA?
Alpine 4 Holdings Inc (ALPP) had EBITDA of -$6.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alpine 4 Holdings Inc have?
As of fiscal year 2022, Alpine 4 Holdings Inc (ALPP) had $2.7M in cash and equivalents against $22.1M in long-term debt.
What is Alpine 4 Holdings Inc's gross margin?
Alpine 4 Holdings Inc (ALPP) had a gross margin of 20.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Alpine 4 Holdings Inc's operating margin?
Alpine 4 Holdings Inc (ALPP) had an operating margin of -10.3% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Alpine 4 Holdings Inc's net profit margin?
Alpine 4 Holdings Inc (ALPP) had a net profit margin of -12.3% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Alpine 4 Holdings Inc's return on equity (ROE)?
Alpine 4 Holdings Inc (ALPP) has a return on equity of -18.4% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is Alpine 4 Holdings Inc's free cash flow?
Alpine 4 Holdings Inc (ALPP) generated -$20.6M in free cash flow during fiscal year 2022. This represents a 28.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Alpine 4 Holdings Inc's operating cash flow?
Alpine 4 Holdings Inc (ALPP) generated -$19.6M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Alpine 4 Holdings Inc's total assets?
Alpine 4 Holdings Inc (ALPP) had $145.6M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Alpine 4 Holdings Inc's capital expenditures?
Alpine 4 Holdings Inc (ALPP) invested $1.1M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How much does Alpine 4 Holdings Inc spend on research and development?
Alpine 4 Holdings Inc (ALPP) invested $877K in research and development during fiscal year 2022.
What is Alpine 4 Holdings Inc's current ratio?
Alpine 4 Holdings Inc (ALPP) had a current ratio of 1.47 as of fiscal year 2022, which is considered adequate.
What is Alpine 4 Holdings Inc's debt-to-equity ratio?
Alpine 4 Holdings Inc (ALPP) had a debt-to-equity ratio of 0.32 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alpine 4 Holdings Inc's return on assets (ROA)?
Alpine 4 Holdings Inc (ALPP) had a return on assets of -8.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Alpine 4 Holdings Inc's cash runway?
Based on fiscal year 2022 data, Alpine 4 Holdings Inc (ALPP) had $2.7M in cash against an annual operating cash burn of $19.6M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Alpine 4 Holdings Inc's Piotroski F-Score?
Alpine 4 Holdings Inc (ALPP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alpine 4 Holdings Inc's earnings high quality?
Alpine 4 Holdings Inc (ALPP) has an earnings quality ratio of 1.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alpine 4 Holdings Inc cover its interest payments?
Alpine 4 Holdings Inc (ALPP) has an interest coverage ratio of -3.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alpine 4 Holdings Inc?
Alpine 4 Holdings Inc (ALPP) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.