Broad Street Financials
Financial Health Signals
Broad Street passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Broad Street generates $-0.04 in operating cash flow ($601K OCF vs -$14.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Broad Street (BRST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Key Financial Metrics
Broad Street generated $41.3M in revenue in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Broad Street's EBITDA was $14.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.4% from the prior year.
Broad Street reported -$14.8M in net income in fiscal year 2024. This represents a decrease of 110.9% from the prior year.
Broad Street earned $-0.80 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 33.3% from the prior year.
Broad Street held $16.2M in cash against $247.1M in long-term debt as of fiscal year 2024.
Broad Street had 35M shares outstanding in fiscal year 2024. This represents an increase of 4.8% from the prior year.
Broad Street's operating margin was -0.7% in fiscal year 2024, reflecting core business profitability. This is down 13.5 percentage points from the prior year.
Broad Street's net profit margin was -35.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 19.1 percentage points from the prior year.
BRST Income Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $841K-92.1% | $10.6M-3.0% | $10.9M+7.0% | $10.2M+1.4% | $10.1M+0.5% | $10.0M-0.3% | $10.0M-8.4% | $11.0M |
| 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 | $2.2M-39.4% | $3.6M+37.2% | $2.6M-13.1% | $3.0M-13.7% | $3.5M+36.4% | $2.6M-14.7% | $3.0M+6.0% | $2.8M |
| Operating Income | -$1.7M-714.6% | -$206K-120.6% | $1.0M+1290.3% | $72K+107.9% | -$907K-402.3% | $300K+115.3% | -$2.0M-122.6% | $8.7M |
| Interest Expense | N/A | N/A | $4.6M | N/A | $4.3M-1.6% | $4.4M-4.0% | $4.6M-3.2% | $4.7M |
| Income Tax | $1.2M | $0 | $0+100.0% | -$56K-141.8% | $134K-60.6% | $340K+114.9% | -$2.3M-25188.9% | -$9K |
| Net Income | $44.7M+894.3% | -$5.6M-169.2% | -$2.1M+66.6% | -$6.3M-223.4% | -$1.9M+40.6% | -$3.3M+35.7% | -$5.1M-270.1% | $3.0M |
| EPS (Diluted) | $0.86+458.3% | $-0.24-41.2% | $-0.17+34.6% | $-0.26-62.5% | $-0.16+23.8% | $-0.21+4.5% | $-0.22-450.0% | $-0.04 |
BRST Balance Sheet
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.6M-89.0% | $340.3M-1.4% | $345.3M-1.2% | $349.4M-0.8% | $352.1M+0.3% | $351.1M-1.9% | $358.0M-6.5% | $382.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $726K-94.6% | $13.5M-16.4% | $16.2M-10.3% | $18.0M+23.1% | $14.6M+49.6% | $9.8M-29.8% | $13.9M-3.7% | $14.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $1.8M+24.7% | $1.5M+39.7% | $1.0M-42.5% | $1.8M+9.7% | $1.7M-2.1% | $1.7M-19.9% | $2.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.7M-98.4% | $357.0M+0.8% | $354.2M+0.9% | $351.0M+4.2% | $336.9M+1.7% | $331.4M+0.2% | $330.8M-5.0% | $348.4M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $246.9M-0.1% | $247.1M+0.5% | $245.8M+4.9% | $234.3M+1.4% | $231.0M-1.0% | $233.4M-7.6% | $252.6M |
| Total Equity | $34.3M+305.5% | -$16.7M-86.3% | -$9.0M-458.7% | -$1.6M-110.6% | $15.1M-23.2% | $19.7M-27.6% | $27.2M-21.0% | $34.4M |
| Retained Earnings | -$12.8M+75.0% | -$51.2M-9.1% | -$46.9M-2.5% | -$45.8M-22.1% | -$37.5M-3.0% | -$36.4M-6.2% | -$34.3M-11.2% | -$30.8M |
BRST Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $177K+117.6% | -$1.0M-206.1% | $950K+15933.3% | -$6K-100.5% | $1.3M+278.0% | -$728K-4.6% | -$696K+60.0% | -$1.7M |
| 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 | -$17.7M-65796.3% | $27K-94.1% | $454K-58.2% | $1.1M+147.5% | -$2.3M-99.7% | -$1.1M-105.5% | $20.7M+1.4% | $20.4M |
| Financing Cash Flow | $0+100.0% | -$1.4M+58.6% | -$3.5M-102.0% | -$1.7M-138.6% | $4.5M+244.7% | -$3.1M+85.4% | -$21.2M-70.4% | -$12.5M |
| 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 | N/A | N/A |
BRST Financial Ratios
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -199.5%-197.6pp | -1.9%-11.1pp | 9.2%+8.5pp | 0.7%+9.7pp | -9.0%-12.0pp | 3.0%+22.4pp | -19.5%-98.4pp | 78.9% |
| Net Margin | 5316.3%+5369.4pp | -53.1%-33.9pp | -19.1%+42.2pp | -61.4%-42.1pp | -19.2%+13.3pp | -32.6%+18.0pp | -50.5%-77.8pp | 27.2% |
| Return on Equity | 130.3% | N/A | N/A | N/A | N/A | N/A | N/A | 8.7% |
| Return on Assets | 119.0%+120.6pp | -1.7%-1.0pp | -0.6%+1.2pp | -1.8%-1.2pp | -0.5%+0.4pp | -0.9%+0.5pp | -1.4%-2.2pp | 0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.17+14.9 | -14.78+12.8 | -27.55+125.6 | -153.16-168.7 | 15.50+3.8 | 11.74+3.2 | 8.59+1.2 | 7.34 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$9.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Broad Street's annual revenue?
Broad Street (BRST) reported $41.3M in total revenue for fiscal year 2024. This represents a -2.0% 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 Broad Street's revenue growing?
Broad Street (BRST) revenue declined by 2% year-over-year, from $42.2M to $41.3M in fiscal year 2024.
Is Broad Street profitable?
No, Broad Street (BRST) reported a net income of -$14.8M in fiscal year 2024, with a net profit margin of -35.8%.
What is Broad Street's earnings per share (EPS)?
Broad Street (BRST) reported diluted earnings per share of $-0.80 for fiscal year 2024. This represents a -33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Broad Street's EBITDA?
Broad Street (BRST) had EBITDA of $14.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Broad Street have?
As of fiscal year 2024, Broad Street (BRST) had $16.2M in cash and equivalents against $247.1M in long-term debt.
What is Broad Street's operating margin?
Broad Street (BRST) had an operating margin of -0.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Broad Street's net profit margin?
Broad Street (BRST) had a net profit margin of -35.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Broad Street's operating cash flow?
Broad Street (BRST) generated $601K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Broad Street's total assets?
Broad Street (BRST) had $345.3M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Broad Street have outstanding?
Broad Street (BRST) had 35M shares outstanding as of fiscal year 2024.
What is Broad Street's debt-to-equity ratio?
Broad Street (BRST) had a debt-to-equity ratio of -27.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Broad Street's return on assets (ROA)?
Broad Street (BRST) had a return on assets of -4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Broad Street's debt-to-equity ratio negative or unusual?
Broad Street (BRST) has negative shareholder equity of -$9.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Broad Street's Piotroski F-Score?
Broad Street (BRST) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Broad Street's earnings high quality?
Broad Street (BRST) has an earnings quality ratio of -0.04x, considered mixed quality. 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.