Altex Inds Inc Financials

ALTX

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE September

This page shows Altex Inds Inc (ALTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI ALTX FY2025 2026-05-01

Cash reserves and non-operating earnings swings matter more than sales in this unusually small operating footprint.

In two separate profitable years, net income turned positive even though revenue stayed below $40K, which means the bottom line did not come from selling more product or services. Because operating cash flow remained below -$75K in both years, the reported profit was not being converted into cash; the economic driver sits below the revenue line.

FY2025 ended with $2.5M of cash against $1.3M of current liabilities, so short-term coverage comes almost entirely from liquid funds rather than receivables, inventory, or other operating assets. With 92.7% of assets held in cash, the balance sheet behaves more like a liquidity reservoir than a business that needs heavy operating assets to produce revenue.

In FY2025, revenue was just $18K while SG&A reached $320K, continuing a multi-year pattern where overhead is far larger than the operating base. That makes expense control and non-operating items more influential than sales volume, so year-to-year earnings swings are a weak guide to core business momentum and operating scale.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Altex Inds Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Altex Inds Inc's revenue declined 21.7% year-over-year, from $23K to $18K. This contraction results in a growth score of 0/100.

Leverage

Altex Inds Inc carries a low D/E ratio of 1.05, meaning only $1.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Altex Inds Inc's current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Altex Inds Inc generates a -14.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 28.3% the prior year.

Piotroski F-Score Weak

2/9

Altex Inds Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.52x

For every $1 of reported earnings, Altex Inds Inc generates $0.52 in operating cash flow (-$99K OCF vs -$192K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$18K

YoY-21.7%

5Y CAGR-10.3%

10Y CAGR-9.3%

Altex Inds Inc generated $18K in revenue in fiscal year 2025. This represents a decrease of 21.7% from the prior year.

EBITDA

N/A

Net Income

-$192K

YoY-143.9%

Altex Inds Inc reported -$192K in net income in fiscal year 2025. This represents a decrease of 143.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.5M

YoY-4.2%

5Y CAGR+3.5%

10Y CAGR-0.2%

Altex Inds Inc held $2.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

11M

YoY-0.4%

5Y CAGR-1.6%

10Y CAGR-1.4%

Altex Inds Inc had 11M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-1066.7%

YoY-2966.7pp

5Y CAGR-647.3pp

10Y CAGR-341.7pp

Altex Inds Inc's net profit margin was -1066.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2966.7 percentage points from the prior year.

Return on Equity

-14.3%

YoY-42.6pp

5Y CAGR-2.7pp

10Y CAGR+3.9pp

Altex Inds Inc's ROE was -14.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 42.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$12K

YoY-47.8%

5Y CAGR+24.6%

10Y CAGR+11.6%

Altex Inds Inc spent $12K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 47.8% from the prior year.

Capital Expenditures

N/A

ALTX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$18K-21.7%	$23K-28.1%	$32K-11.1%	$36K-18.2%	$44K+41.9%	$31K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$320K+37.3%	$233K-11.4%	$263K+46.9%	$179K+3.5%	$173K+1.8%	$170K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$192K-143.9%	$437K+433.6%	-$131K-141.9%	$313K+481.7%	-$82K+36.9%	-$130K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$4K-42.9%	$7K+75.0%	$4K-20.0%	$5K+25.0%	$4K-20.0%	$5K-28.6%	$7K+75.0%	$4K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$72K+20.0%	$60K-4.8%	$63K+37.0%	$46K-24.6%	$61K-59.3%	$150K+138.1%	$63K+12.5%	$56K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$47K-56.7%	-$30K+6.3%	-$32K-166.7%	-$12K+62.5%	-$32K+72.4%	-$116K-427.3%	-$22K-104.4%	$505K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ALTX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.7M+0.7%	$2.7M+16.8%	$2.3M-6.3%	$2.5M+13.3%	$2.2M-5.6%	$2.3M
Current Assets	$2.6M-4.2%	$2.7M+18.7%	$2.3M-5.3%	$2.4M+15.7%	$2.1M-4.6%	$2.2M
Cash & Equivalents	$2.5M-4.2%	$2.7M+19.0%	$2.2M-5.3%	$2.4M+15.8%	$2.0M-4.9%	$2.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1K-66.7%	$3K-25.0%	$4K+300.0%	$1K-66.7%	$3K	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M+18.9%	$1.2M-1.8%	$1.2M+3.6%	$1.2M-1.8%	$1.2M-2.4%	$1.2M
Current Liabilities	$1.3M+8.1%	$1.2M-0.2%	$1.2M+6.2%	$1.1M+0.4%	$1.1M-0.4%	$1.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.3M-13.2%	$1.5M+36.6%	$1.1M-15.0%	$1.3M+30.7%	$1.0M-9.0%	$1.1M
Retained Earnings	-$12.5M-1.6%	-$12.3M+3.4%	-$12.7M-1.0%	-$12.6M+2.4%	-$12.9M-0.6%	-$12.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.7M-1.9%	$2.7M-1.6%	$2.7M-1.7%	$2.8M-1.1%	$2.8M+5.1%	$2.7M-1.5%	$2.7M-1.7%	$2.8M
Current Assets	$2.5M-1.7%	$2.5M-1.4%	$2.6M-1.6%	$2.6M-0.3%	$2.6M-1.1%	$2.6M-1.3%	$2.7M-1.5%	$2.7M
Cash & Equivalents	$2.5M-1.4%	$2.5M-1.3%	$2.5M-1.3%	$2.6M-1.1%	$2.6M-0.8%	$2.6M-1.1%	$2.7M-1.2%	$2.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3K0.0%	$3K+200.0%	$1K-66.7%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M-0.2%	$1.4M-1.0%	$1.4M-0.2%	$1.4M-1.3%	$1.4M+13.6%	$1.3M+6.3%	$1.2M-0.3%	$1.2M
Current Liabilities	$1.3M+0.3%	$1.3M-0.5%	$1.3M+0.4%	$1.3M-0.5%	$1.3M+1.9%	$1.3M+6.3%	$1.2M-0.3%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.3M-3.6%	$1.3M-2.2%	$1.3M-3.2%	$1.4M-0.9%	$1.4M-2.2%	$1.4M-7.5%	$1.5M-2.8%	$1.6M
Retained Earnings	-$12.5M-0.4%	-$12.5M-0.2%	-$12.5M-0.3%	-$12.4M-0.1%	-$12.4M-0.3%	-$12.4M-0.9%	-$12.3M-0.2%	-$12.2M

ALTX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$99K-26.9%	-$78K-34.5%	-$58K+55.0%	-$129K-51.8%	-$85K+29.8%	-$121K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0-100.0%	$525K	$0-100.0%	$450K	$0	$0
Financing Cash Flow	-$12K+47.8%	-$23K+66.2%	-$68K	$0+100.0%	-$19K-375.0%	-$4K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$12K-47.8%	$23K-66.2%	$68K	$0-100.0%	$19K+375.0%	$4K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$35K-9.4%	-$32K-52.4%	-$21K+27.6%	-$29K-38.1%	-$21K+25.0%	-$28K-180.0%	-$10K+66.7%	-$30K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	$0	$0	$0	$0	$0-100.0%	$525K
Financing Cash Flow	$0	$0+100.0%	-$12K	$0	$0	$0+100.0%	-$23K	$0
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	N/A	N/A	N/A	$23K	$0

ALTX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1066.7%-2966.7pp	1900.0%+2309.4pp	-409.4%-1278.8pp	869.4%+1055.8pp	-186.4%+233.0pp	-419.4%
Return on Equity	-14.3%-42.6pp	28.3%+39.8pp	-11.6%-35.1pp	23.5%+31.6pp	-8.1%+3.6pp	-11.6%
Return on Assets	-7.0%-23.0pp	16.0%+21.6pp	-5.6%-18.2pp	12.6%+16.3pp	-3.7%+1.9pp	-5.6%
Current Ratio	2.01-0.3	2.27+0.4	1.91-0.2	2.14+0.3	1.86-0.1	1.94
Debt-to-Equity	1.05+0.3	0.76-0.3	1.06+0.2	0.87-0.3	1.16+0.1	1.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1175.0%-746.4pp	-428.6%+371.4pp	-800.0%-560.0pp	-240.0%+560.0pp	-800.0%+1520.0pp	-2320.0%-2005.7pp	-314.3%-12939.3pp	12625.0%
Return on Equity	-3.7%-1.4pp	-2.3%+0.1pp	-2.4%-1.5pp	-0.9%+1.4pp	-2.3%+5.8pp	-8.1%-6.7pp	-1.4%-33.2pp	31.7%
Return on Assets	-1.8%-0.7pp	-1.1%+0.1pp	-1.2%-0.7pp	-0.4%+0.7pp	-1.1%+3.2pp	-4.3%-3.5pp	-0.8%-19.0pp	18.2%
Current Ratio	1.96-0.0	2.00-0.0	2.01-0.0	2.050.0	2.05-0.1	2.11-0.2	2.27-0.0	2.30
Debt-to-Equity	1.10+0.0	1.06+0.0	1.05+0.0	1.010.0	1.02+0.1	0.88+0.1	0.76+0.0	0.74
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Altex Inds Inc's annual revenue?

Altex Inds Inc (ALTX) reported $18K in total revenue for fiscal year 2025. This represents a -21.7% 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 Altex Inds Inc's revenue growing?

Altex Inds Inc (ALTX) revenue declined by 21.7% year-over-year, from $23K to $18K in fiscal year 2025.

Is Altex Inds Inc profitable?

No, Altex Inds Inc (ALTX) reported a net income of -$192K in fiscal year 2025, with a net profit margin of -1066.7%.

What is Altex Inds Inc's net profit margin?

Altex Inds Inc (ALTX) had a net profit margin of -1066.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Altex Inds Inc's return on equity (ROE)?

Altex Inds Inc (ALTX) has a return on equity of -14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Altex Inds Inc's operating cash flow?

Altex Inds Inc (ALTX) generated -$99K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Altex Inds Inc's total assets?

Altex Inds Inc (ALTX) had $2.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Altex Inds Inc buy back shares?

Yes, Altex Inds Inc (ALTX) spent $12K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Altex Inds Inc have outstanding?

Altex Inds Inc (ALTX) had 11M shares outstanding as of fiscal year 2025.

What is Altex Inds Inc's current ratio?

Altex Inds Inc (ALTX) had a current ratio of 2.01 as of fiscal year 2025, which is generally considered healthy.

What is Altex Inds Inc's debt-to-equity ratio?

Altex Inds Inc (ALTX) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Altex Inds Inc's return on assets (ROA)?

Altex Inds Inc (ALTX) had a return on assets of -7.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Altex Inds Inc's cash runway?

Based on fiscal year 2025 data, Altex Inds Inc (ALTX) had $2.5M in cash against an annual operating cash burn of $99K. This gives an estimated cash runway of approximately 308 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 Altex Inds Inc's Piotroski F-Score?

Altex Inds Inc (ALTX) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Altex Inds Inc's earnings high quality?

Altex Inds Inc (ALTX) has an earnings quality ratio of 0.52x, 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.

How financially healthy is Altex Inds Inc?

Altex Inds Inc (ALTX) scores 21 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.