What is First Choice Hea's earnings per share (EPS)?

First Choice Hea (FCHS) reported diluted earnings per share of $-0.21 for fiscal year 2025. This represents a -75.0% 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.

First Choice Hea Financials

FCHS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows First Choice Hea (FCHS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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 FCHS FY2025 2026-04-22

First Choice Healthcare’s visible mechanic is a balance sheet under creditor strain, with minimal liquid resources supporting ongoing losses.

From FY2023 to FY2025, operating cash burn improved from -$6.8M to -$549K, but total liabilities still rose from $31.7M to $43.6M while cash ended FY2025 at just $6K. That mix points to spending compression and financing support, not a business that has rebuilt its own cash cushion.

The capital structure is driving much of the bottom-line damage: FY2025 interest expense was $4.7M against an operating loss of -$2.7M, and the same pattern already existed in FY2024. In other words, net losses are being amplified by financing obligations that exceed the underlying operating deficit.

Liquidity is not merely weak; it is almost absent. FY2025 ended with current assets of only $7K against $40.7M of current liabilities, while negative equity deepened from -$20.4M in FY2022 to -$39.5M in FY2025, showing creditor claims and accumulated losses are outrunning the asset base.

Financial Health Signals

Financial Profile 16/100

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 First Choice Hea'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.

Leverage

First Choice Hea carries a low D/E ratio of -1.10, meaning only $-1.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

First Choice Hea's current ratio of 0.00 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

2/9

First Choice Hea passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.08x

For every $1 of reported earnings, First Choice Hea generates $0.08 in operating cash flow (-$549K OCF vs -$7.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-0.6x

First Choice Hea earns $-0.6 in operating income for every $1 of interest expense (-$2.7M vs $4.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$2.7M

YoY-111.5%

First Choice Hea's EBITDA was -$2.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 111.5% from the prior year.

Net Income

-$7.0M

YoY-80.9%

First Choice Hea reported -$7.0M in net income in fiscal year 2025. This represents a decrease of 80.9% from the prior year.

EPS (Diluted)

$-0.21

YoY-75.0%

First Choice Hea earned $-0.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 75.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$6K

YoY-70.4%

5Y CAGR-73.6%

10Y CAGR-36.2%

First Choice Hea held $6K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

33M

YoY+0.0%

5Y CAGR+6.0%

10Y CAGR+10.2%

First Choice Hea had 33M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FCHS Income Statement

Metric	FY25	FY24	FY23	FY22	FY17	FY16
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$7K	N/A	$30K-97.2%	$1.1M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.9M+107.5%	$907K-58.5%	$2.2M-39.6%	$3.6M-35.3%	$5.6M+1.1%	$5.5M
Operating Income	-$2.7M-107.2%	-$1.3M+46.5%	-$2.4M+65.6%	-$7.0M-59.1%	-$4.4M-3257.9%	$140K
Interest Expense	$4.7M+40.8%	$3.3M-43.4%	$5.9M+59.6%	$3.7M	N/A	N/A
Income Tax	N/A	$112K	N/A	N/A	N/A	N/A
Net Income	-$7.0M-80.9%	-$3.8M+52.9%	-$8.2M+17.8%	-$9.9M-355.7%	$3.9M-57.6%	$9.2M
EPS (Diluted)	$-0.21-75.0%	$-0.12+52.0%	$-0.25+16.7%	$-0.30-100.0%	$-0.15-140.5%	$0.37

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	$230-83.8%	$1K-64.7%	$4K	N/A	-$30K-1006.9%	$3K-51.8%	$7K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$476K+10.1%	$432K-9.3%	$477K	N/A	$308K-16.8%	$371K-6.4%	$396K
Operating Income	N/A	-$621K-8.1%	-$574K+1.7%	-$584K	N/A	-$450K+6.1%	-$479K+3.6%	-$497K
Interest Expense	N/A	$842K+63.3%	$516K-34.4%	$786K	N/A	$368K-73.4%	$1.4M+94.8%	$711K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$1.5M-128.8%	-$639K+54.3%	-$1.4M	N/A	-$817K+56.1%	-$1.9M-54.5%	-$1.2M
EPS (Diluted)	N/A	$-0.04-100.0%	$-0.02+50.0%	$-0.04	N/A	$-0.02+66.7%	$-0.06-50.0%	$-0.04

FCHS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY17	FY16
Total Assets	$4.0M-10.3%	$4.5M+44.4%	$3.1M-52.1%	$6.5M-65.3%	$18.8M-15.3%	$22.1M
Current Assets	$7K-92.8%	$92K-14.4%	$108K-91.9%	$1.3M-89.4%	$12.5M-18.4%	$15.4M
Cash & Equivalents	$6K-70.4%	$20K+58.0%	$13K+74.6%	$7K-99.6%	$2.0M-56.1%	$4.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$72K-21.8%	$92K-69.7%	$305K-96.5%	$8.7M-8.8%	$9.5M
Goodwill	N/A	N/A	N/A	N/A	$899K0.0%	$899K
Total Liabilities	$43.6M+17.8%	$37.0M+16.8%	$31.7M+17.6%	$26.9M+270.5%	$7.3M+1.1%	$7.2M
Current Liabilities	$40.7M+22.2%	$33.3M+19.1%	$27.9M+29.4%	$21.6M+521.1%	$3.5M-28.2%	$4.8M
Long-Term Debt	N/A	N/A	N/A	N/A	$2.7M+14.5%	$2.4M
Total Equity	-$39.5M-21.7%	-$32.5M-13.8%	-$28.5M-39.8%	-$20.4M-285.9%	$11.0M-21.3%	$13.9M
Retained Earnings	-$74.7M-10.3%	-$67.8M-6.0%	-$63.9M-14.7%	-$55.8M-298.6%	-$14.0M-38.5%	-$10.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.0M-1.6%	$4.1M-2.6%	$4.2M-3.9%	$4.4M-2.6%	$4.5M-4.5%	$4.7M+48.1%	$3.2M+3.8%	$3.1M
Current Assets	$7K+83.5%	$4K-77.4%	$16K-77.2%	$70K-24.1%	$92K-83.5%	$559K+1.2%	$552K+59.2%	$347K
Cash & Equivalents	$6K+142.6%	$2K-62.3%	$6K-78.2%	$30K+48.9%	$20K+1223.3%	$2K-0.7%	$2K-82.5%	$9K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$1K-87.6%	$9K-76.5%	$40K-44.3%	$72K+46.9%	$49K-40.0%	$82K-6.6%	$88K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$43.6M+8.5%	$40.2M+3.6%	$38.8M+1.3%	$38.3M+3.5%	$37.0M-0.6%	$37.2M+6.8%	$34.8M+5.6%	$33.0M
Current Liabilities	$40.7M+9.5%	$37.2M+4.1%	$35.7M+3.0%	$34.6M+4.1%	$33.3M+2.5%	$32.5M+3.9%	$31.3M+6.6%	$29.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$39.5M-9.7%	-$36.0M-4.3%	-$34.6M-2.0%	-$33.9M-4.4%	-$32.5M0.0%	-$32.5M-2.7%	-$31.6M-6.3%	-$29.8M
Retained Earnings	-$74.7M-4.9%	-$71.3M-2.1%	-$69.8M-0.9%	-$69.2M-2.1%	-$67.8M+0.1%	-$67.8M-1.2%	-$67.0M-2.9%	-$65.1M

FCHS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY17	FY16
Operating Cash Flow	-$549K+67.8%	-$1.7M+74.9%	-$6.8M-101.1%	-$3.4M-117.4%	-$1.6M+55.7%	-$3.5M
Capital Expenditures	N/A	N/A	$83K+2.8%	$81K-75.6%	$330K+29.8%	$255K
Free Cash Flow	N/A	N/A	-$6.9M-98.8%	-$3.5M-83.5%	-$1.9M+49.9%	-$3.8M
Investing Cash Flow	$10K+42.9%	$7K-89.0%	$64K+179.1%	-$81K	N/A	N/A
Financing Cash Flow	$525K-69.2%	$1.7M-74.7%	$6.7M+94.7%	$3.5M+599.3%	-$693K+91.7%	-$8.4M
Dividends Paid	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

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$3K+102.1%	-$164K-68.8%	-$97K+66.8%	-$292K+87.8%	-$2.4M-81.4%	-$1.3M-137.8%	-$555K-602.6%	-$79K
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	$0-100.0%	$10K-99.4%	$1.6M	N/A	N/A	N/A
Financing Cash Flow	$0-100.0%	$160K+116.5%	$74K-74.7%	$292K-61.8%	$764K+138.9%	$320K-41.6%	$548K+630.0%	$75K
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

FCHS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY17	FY16
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	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	35.4%-30.4pp	65.8%
Return on Assets	-172.0%-86.7pp	-85.3%+176.3pp	-261.6%-109.0pp	-152.6%-173.3pp	20.7%-20.7pp	41.4%
Current Ratio	0.000.0	0.000.0	0.00-0.1	0.06-3.5	3.61+0.4	3.18
Debt-to-Equity	-1.10+0.0	-1.14-0.0	-1.11+0.2	-1.32-1.6	0.25+0.1	0.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-35.6%-20.4pp	-15.1%+16.7pp	-31.8%	N/A	-17.3%+41.1pp	-58.4%-19.2pp	-39.3%
Current Ratio	0.000.0	0.000.0	0.000.0	0.000.0	0.00-0.0	0.020.0	0.020.0	0.01
Debt-to-Equity	-1.10+0.0	-1.110.0	-1.120.0	-1.130.0	-1.140.0	-1.15-0.0	-1.100.0	-1.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$39.5M), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is First Choice Hea profitable?

No, First Choice Hea (FCHS) reported a net income of -$7.0M in fiscal year 2025.

What is First Choice Hea's EBITDA?

First Choice Hea (FCHS) had EBITDA of -$2.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is First Choice Hea's operating cash flow?

First Choice Hea (FCHS) generated -$549K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Choice Hea's total assets?

First Choice Hea (FCHS) had $4.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does First Choice Hea have outstanding?

First Choice Hea (FCHS) had 33M shares outstanding as of fiscal year 2025.

What is First Choice Hea's current ratio?

First Choice Hea (FCHS) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is First Choice Hea's debt-to-equity ratio?

First Choice Hea (FCHS) had a debt-to-equity ratio of -1.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Choice Hea's return on assets (ROA)?

First Choice Hea (FCHS) had a return on assets of -172.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Choice Hea's cash runway?

Based on fiscal year 2025 data, First Choice Hea (FCHS) had $6K in cash against an annual operating cash burn of $549K. 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 First Choice Hea's debt-to-equity ratio negative or unusual?

First Choice Hea (FCHS) has negative shareholder equity of -$39.5M 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 First Choice Hea's Piotroski F-Score?

First Choice Hea (FCHS) 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 First Choice Hea's earnings high quality?

First Choice Hea (FCHS) has an earnings quality ratio of 0.08x, 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 First Choice Hea cover its interest payments?

First Choice Hea (FCHS) has an interest coverage ratio of -0.6x, 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 First Choice Hea?

First Choice Hea (FCHS) scores 16 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.