Dalrada Technology Group Financials
This page shows Dalrada Technology Group (DHTI) 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dalrada Technology Group has an operating margin of -100.8%, meaning the company retains $-101 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 -135.3% the prior year.
Dalrada Technology Group's revenue grew a modest 2.3% year-over-year to $20.3M. This slow but positive growth earns a score of 35/100.
Dalrada Technology Group's current ratio of 0.49 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Dalrada Technology Group generated -$18.0M in operating cash flow, capex of $374K consumed most of it, leaving -$18.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Dalrada Technology Group earns a strong 364.9% return on equity (ROE), meaning it generates $365 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -841.5% the prior year.
Dalrada Technology Group passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Dalrada Technology Group generates $0.73 in operating cash flow (-$18.0M OCF vs -$24.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Dalrada Technology Group earns $-4.9 in operating income for every $1 of interest expense (-$20.5M vs $4.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Dalrada Technology Group generated $20.3M in revenue in fiscal year 2025. This represents an increase of 2.3% from the prior year.
Dalrada Technology Group's EBITDA was -$19.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.0% from the prior year.
Dalrada Technology Group generated -$18.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 120.8% from the prior year.
Dalrada Technology Group reported -$24.6M in net income in fiscal year 2025. This represents an increase of 14.9% from the prior year.
Dalrada Technology Group earned $-0.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.8% from the prior year.
Dalrada Technology Group held $173K in cash against $0 in long-term debt as of fiscal year 2025.
Dalrada Technology Group had 120M shares outstanding in fiscal year 2025. This represents an increase of 23.6% from the prior year.
Dalrada Technology Group's gross margin was 26.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 21.1 percentage points from the prior year.
Dalrada Technology Group's operating margin was -100.8% in fiscal year 2025, reflecting core business profitability. This is up 34.5 percentage points from the prior year.
Dalrada Technology Group's net profit margin was -121.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 24.5 percentage points from the prior year.
Dalrada Technology Group's ROE was 364.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1206.4 percentage points from the prior year.
Dalrada Technology Group invested $0 in research and development in fiscal year 2025.
Dalrada Technology Group invested $374K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.9% from the prior year.
DHTI Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M-20.5% | $4.1M-37.7% | $6.6M+43.9% | $4.6M+46.9% | $3.1M-48.3% | $6.0M-14.3% | $7.0M+105.3% | $3.4M |
| Cost of Revenue | $2.1M-39.7% | $3.5M-24.5% | $4.7M+47.8% | $3.2M+39.0% | $2.3M-53.2% | $4.9M-17.2% | $5.9M+17.2% | $5.0M |
| Gross Profit | $1.1M+100.8% | $560K-70.5% | $1.9M+35.1% | $1.4M+68.3% | $835K-28.2% | $1.2M-4.7% | $1.2M+173.8% | -$1.7M |
| R&D Expenses | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| SG&A Expenses | $4.7M-20.1% | $5.9M+19.6% | $4.9M-8.0% | $5.3M-9.1% | $5.9M-14.6% | $6.9M-19.5% | $8.6M+22.2% | $7.0M |
| Operating Income | -$3.6M+32.8% | -$5.3M+7.5% | -$5.8M-46.0% | -$3.9M+21.9% | -$5.0M+11.8% | -$5.7M+22.0% | -$7.3M+15.3% | -$8.7M |
| Interest Expense | -$837K-14.3% | -$732K+57.7% | -$1.7M-680.9% | $298K+117.6% | -$1.7M-57.3% | -$1.1M-290.0% | $567K+63.1% | $347K |
| Income Tax | $15K+24.1% | $12K+462.6% | $2K | $0-100.0% | $8K | $0-100.0% | $6K | $0 |
| Net Income | -$4.4M+27.1% | -$6.1M+12.7% | -$6.9M-65.5% | -$4.2M+37.5% | -$6.7M+1.3% | -$6.8M+14.2% | -$7.9M+14.3% | -$9.2M |
| EPS (Diluted) | $-0.04+33.3% | $-0.06 | N/A | $-0.05+28.6% | $-0.070.0% | $-0.07 | N/A | $-0.10 |
DHTI Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.6M-2.2% | $18.0M-2.0% | $18.4M-15.6% | $21.7M+3.2% | $21.1M-6.1% | $22.4M-2.7% | $23.1M-3.3% | $23.9M |
| Current Assets | $7.2M-9.9% | $8.0M+2.8% | $7.7M+2.5% | $7.6M+20.2% | $6.3M-10.0% | $7.0M-18.9% | $8.6M-10.0% | $9.6M |
| Cash & Equivalents | $70K-56.2% | $160K-7.4% | $173K+74.8% | $99K-29.3% | $140K-61.8% | $366K-27.1% | $502K-5.9% | $534K |
| Inventory | $2.7M+0.9% | $2.7M+0.2% | $2.7M-5.8% | $2.9M+8.7% | $2.6M-10.5% | $2.9M+10.9% | $2.6M-3.8% | $2.8M |
| Accounts Receivable | $2.1M-17.9% | $2.5M-7.3% | $2.7M-3.1% | $2.8M+23.8% | $2.3M+75.0% | $1.3M-54.3% | $2.9M-18.7% | $3.5M |
| Goodwill | $1.5M-0.2% | $1.5M0.0% | $1.5M-63.7% | $4.2M+0.1% | $4.2M+0.1% | $4.2M+0.9% | $4.2M+9.8% | $3.8M |
| Total Liabilities | $34.5M+12.8% | $30.6M+22.1% | $25.0M-25.7% | $33.7M+16.1% | $29.0M+16.6% | $24.9M+26.3% | $19.7M-7.8% | $21.4M |
| Current Liabilities | $22.5M+14.8% | $19.6M+24.6% | $15.7M-31.8% | $23.1M+17.7% | $19.6M+10.3% | $17.8M+13.4% | $15.7M+48.0% | $10.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$16.8M-32.5% | -$12.7M-87.5% | -$6.8M+42.9% | -$11.8M-50.6% | -$7.9M-229.9% | -$2.4M-169.2% | $3.4M+43.6% | $2.4M |
| Retained Earnings | -$205.8M-2.2% | -$201.4M-3.1% | -$195.3M-3.7% | -$188.4M-2.3% | -$184.2M-3.8% | -$177.5M-4.0% | -$170.7M-5.9% | -$161.2M |
DHTI Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $955K+122.6% | -$4.2M+64.4% | -$11.8M-591.6% | -$1.7M+42.8% | -$3.0M-107.2% | -$1.4M+34.8% | -$2.2M-1.3% | -$2.2M |
| Capital Expenditures | N/A | N/A | $87K+376.1% | $18K+110.7% | -$172K-139.0% | $441K+172.0% | $162K+709.9% | -$27K |
| Free Cash Flow | N/A | N/A | -$11.9M-589.3% | -$1.7M+45.3% | -$3.2M-67.9% | -$1.9M+20.7% | -$2.4M-7.4% | -$2.2M |
| Investing Cash Flow | $0 | $0+100.0% | -$217K-864.9% | -$23K-113.3% | $169K+127.0% | -$626K-123.7% | -$280K-1153.3% | $27K |
| Financing Cash Flow | -$1.5M-133.7% | $4.5M-64.1% | $12.6M+622.1% | $1.7M-31.0% | $2.5M+29.4% | $2.0M-19.0% | $2.4M+12.7% | $2.1M |
| 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 |
DHTI Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.5%+20.8pp | 13.7%-15.2pp | 28.8%-1.9pp | 30.7%+3.9pp | 26.8%+7.5pp | 19.3%+1.9pp | 17.3%+65.5pp | -48.2% |
| Operating Margin | -109.6%+20.2pp | -129.8%-42.4pp | -87.4%-1.3pp | -86.1%+75.9pp | -162.0%-67.1pp | -94.9%+9.3pp | -104.2%+148.2pp | -252.4% |
| Net Margin | -135.5%+12.4pp | -147.9%-42.5pp | -105.5%-13.7pp | -91.7%+123.7pp | -215.4%-102.7pp | -112.7%-0.2pp | -112.6%+157.1pp | -269.7% |
| Return on Equity | 26.3%-21.6pp | 47.9%-54.9pp | 102.8%+67.3pp | 35.5%-50.0pp | 85.4%-200.1pp | 285.6%+515.9pp | -230.3%+155.7pp | -386.0% |
| Return on Assets | -25.1%+8.6pp | -33.7%+4.1pp | -37.8%-18.5pp | -19.3%+12.6pp | -31.8%-1.5pp | -30.3%+4.1pp | -34.4%+4.4pp | -38.8% |
| Current Ratio | 0.32-0.1 | 0.41-0.1 | 0.49+0.2 | 0.330.0 | 0.32-0.1 | 0.39-0.2 | 0.55-0.4 | 0.90 |
| Debt-to-Equity | -2.06+0.4 | -2.42+1.3 | -3.71-0.9 | -2.85+0.8 | -3.70+6.8 | -10.46-16.2 | 5.73-3.2 | 8.93 |
| FCF Margin | N/A | N/A | -181.0%-143.2pp | -37.8%+63.7pp | -101.5%-70.3pp | -31.2%+2.5pp | -33.8%+30.7pp | -64.5% |
Note: Shareholder equity is negative (-$6.8M), 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.
Note: The current ratio is below 1.0 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Dalrada Technology Group's annual revenue?
Dalrada Technology Group (DHTI) reported $20.3M in total revenue for fiscal year 2025. This represents a 2.3% 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 Dalrada Technology Group's revenue growing?
Dalrada Technology Group (DHTI) revenue grew by 2.3% year-over-year, from $19.8M to $20.3M in fiscal year 2025.
Is Dalrada Technology Group profitable?
No, Dalrada Technology Group (DHTI) reported a net income of -$24.6M in fiscal year 2025, with a net profit margin of -121.4%.
What is Dalrada Technology Group's earnings per share (EPS)?
Dalrada Technology Group (DHTI) reported diluted earnings per share of $-0.23 for fiscal year 2025. This represents a 25.8% 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 Dalrada Technology Group's EBITDA?
Dalrada Technology Group (DHTI) had EBITDA of -$19.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dalrada Technology Group's gross margin?
Dalrada Technology Group (DHTI) had a gross margin of 26.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dalrada Technology Group's operating margin?
Dalrada Technology Group (DHTI) had an operating margin of -100.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dalrada Technology Group's net profit margin?
Dalrada Technology Group (DHTI) had a net profit margin of -121.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dalrada Technology Group's return on equity (ROE)?
Dalrada Technology Group (DHTI) has a return on equity of 364.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dalrada Technology Group's free cash flow?
Dalrada Technology Group (DHTI) generated -$18.3M in free cash flow during fiscal year 2025. This represents a -120.8% 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 Dalrada Technology Group's operating cash flow?
Dalrada Technology Group (DHTI) generated -$18.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dalrada Technology Group's total assets?
Dalrada Technology Group (DHTI) had $18.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dalrada Technology Group's capital expenditures?
Dalrada Technology Group (DHTI) invested $374K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Dalrada Technology Group have outstanding?
Dalrada Technology Group (DHTI) had 120M shares outstanding as of fiscal year 2025.
What is Dalrada Technology Group's current ratio?
Dalrada Technology Group (DHTI) had a current ratio of 0.49 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Dalrada Technology Group's debt-to-equity ratio?
Dalrada Technology Group (DHTI) had a debt-to-equity ratio of -3.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dalrada Technology Group's return on assets (ROA)?
Dalrada Technology Group (DHTI) had a return on assets of -134.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dalrada Technology Group's cash runway?
Based on fiscal year 2025 data, Dalrada Technology Group (DHTI) had $173K in cash against an annual operating cash burn of $18.0M. This gives an estimated cash runway of approximately 0 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.
Why is Dalrada Technology Group's debt-to-equity ratio negative or unusual?
Dalrada Technology Group (DHTI) has negative shareholder equity of -$6.8M as of fiscal year 2025, 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 Dalrada Technology Group's Piotroski F-Score?
Dalrada Technology Group (DHTI) has a Piotroski F-Score of 3 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 Dalrada Technology Group's earnings high quality?
Dalrada Technology Group (DHTI) has an earnings quality ratio of 0.73x, 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 Dalrada Technology Group cover its interest payments?
Dalrada Technology Group (DHTI) has an interest coverage ratio of -4.9x, 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 Dalrada Technology Group?
Dalrada Technology Group (DHTI) scores 27 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.