What is FST CORP RED WTS's earnings per share (EPS)?

FST CORP RED WTS (FSTWF) reported diluted earnings per share of -$0.03 for fiscal year 2025. This represents a 66.7% 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.

FST CORP RED WTS (FSTWF) Financials

FSTWF

FY2025 annual

Revenue $48.0M +31.4% YoY

Net Income -$1.5M +53.6% YoY

EPS (Diluted) -$0.03 +66.7% YoY

Free Cash Flow -$1.6M +72.0% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 20, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSTWF SEC filings page.

FST CORP RED WTS (FSTWF) reported $48.0M in revenue for fiscal year 2025, up 31.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 FSTWF FY2025 2026-08-30

Revenue scale is improving, but debt and working-capital pressure are absorbing operating gains.

From FY2023 to FY2025, gross margin held near 43% while operating margin improved from -10.9% to -4.9%; that points to better cost absorption below gross profit rather than a change in product economics. Yet debt-to-equity rose from 1.3x to 1.9x as the current ratio fell to 0.9x, so the improving loss profile arrived with a tighter financing posture.

Cash conversion improved materially: operating cash flow moved from -$11.2M in FY2023 to -$1.0M in FY2025. Free cash flow also narrowed from -$22.8M to -$1.6M, indicating that earlier investment spending amplified cash needs beyond the accounting loss.

The company became less reinvestment-intensive: capital expenditures fell from $11.6M in FY2023 to $603K in FY2025 while revenue rose from $28.7M to $48.0M. However, current liabilities exceeded current assets in FY2025, making working-capital management an important part of the operating model.

Financial Health Signals

Financial health score not available

FST CORP RED WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Weak

3/9

FST CORP RED WTS passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

FST CORP RED WTS reported a net loss of $1.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

FST CORP RED WTS reported an operating loss of $2.3M against $658K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

EPS (Diluted)

$0.12

YoY+300.0%

QoQ+700.0%

FST CORP RED WTS earned $0.12 per diluted share (EPS) in Q4 2025. This represents an increase of 300.0% from the same quarter a year earlier. Against the prior quarter it is up 700.0%.

Revenue

Not reported for Q4 2025.

EBITDA

Not reported for Q4 2025.

Net Income

Not reported for Q4 2025.

Cash & Balance Sheet

Free Cash Flow

-$4.6M

YoY-15.3%

QoQ-209.3%

FST CORP RED WTS recorded an outflow of $4.6M in free cash flow in Q4 2025, representing a cash shortfall after capex. This represents a decrease of 15.3% from the same quarter a year earlier. Against the prior quarter it is down 209.3%.

Cash & Debt

$7.2M

YoY+40.8%

QoQ-12.3%

FST CORP RED WTS held $7.2M in cash against $29.2M in long-term debt as of Q4 2025.

Shares Outstanding

45M

YoY+18.6%

QoQ0.0%

FST CORP RED WTS had 45M shares outstanding in Q4 2025. This represents an increase of 18.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

Capital Expenditures

$226K

YoY-87.8%

QoQ-11.4%

FST CORP RED WTS invested $226K in capex in Q4 2025, funding long-term assets and infrastructure. This represents a decrease of 87.8% from the same quarter a year earlier. Against the prior quarter it is down 11.4%.

R&D Spending

Not reported for Q4 2025.

Share Buybacks

Not reported for Q4 2025.

FSTWF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSTWF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K
Revenue	$48.0M+31.4%	$36.5M+27.0%	$28.7M
Cost of Revenue	$27.3M+31.5%	$20.8M+36.0%	$15.3M
Gross Profit	$20.6M+31.3%	$15.7M+16.9%	$13.4M
R&D Expenses	$1.5M+15.0%	$1.3M-15.2%	$1.5M
SG&A Expenses	$12.3M+16.7%	$10.5M+14.6%	$9.2M
Operating Income	-$2.3M+36.0%	-$3.6M-16.8%	-$3.1M
EBITDA	-$128K+92.6%	-$1.7M-31.3%	-$1.3M
Interest Expense	$658K+29.6%	$507K+71.6%	$296K
Income Tax	-$730K-260.0%	$456K+160.7%	-$751K
Net Income	-$1.5M+53.6%	-$3.2M-49.3%	-$2.2M
EPS (Basic)	-$0.03+66.7%	-$0.09-80.0%	-$0.05
EPS (Diluted)	-$0.03+66.7%	-$0.09-80.0%	-$0.05
Diluted Shares (Avg)	44M+17.8%	38M-18.3%	46M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q4'2410-K	Q3'2410-Q	Q4'2310-K
Revenue	N/A	$12.6M+47.2%	N/A	N/A	$8.5M	N/A
Cost of Revenue	N/A	$7.6M+46.2%	N/A	N/A	$5.2M	N/A
Gross Profit	N/A	$4.9M+48.9%	N/A	N/A	$3.3M	N/A
R&D Expenses	N/A	$343K+0.9%	N/A	N/A	$340K	N/A
SG&A Expenses	N/A	$2.9M+6.2%	N/A	N/A	$2.7M	N/A
Operating Income	N/A	-$947K+28.3%	N/A	N/A	-$1.3M	N/A
Interest Expense	N/A	$232K+64.3%	N/A	N/A	$141K	N/A
Income Tax	N/A	$223K+433.9%	N/A	N/A	-$67K	N/A
Net Income	N/A	-$716K+59.3%	N/A	N/A	-$1.8M	N/A
EPS (Basic)	$0.12+300.0%	-$0.02+33.3%	N/A	-$0.06	-$0.03	N/A
EPS (Diluted)	$0.12+300.0%	-$0.02	N/A	-$0.06	-$0.03	N/A
Diluted Shares (Avg)	N/A	45M	N/A	N/A	55M	N/A

Not reported in any period shown, so not listed: EBITDA.

FSTWF Balance Sheet

FSTWF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K
Total Assets	$60.9M+4.2%	$58.5M-7.7%	$63.4M
Current Assets	$27.5M+3.1%	$26.7M-12.6%	$30.5M
Cash & Equivalents	$7.2M+40.8%	$5.1M-42.7%	$8.9M
Short-Term Investments	$0-100.0%	$61K	$0
Inventory	$11.8M-18.7%	$14.5M-4.4%	$15.2M
Long-Term Investments	$552K+59.9%	$345K+76.4%	$196K
Total Liabilities	$45.4M+27.9%	$35.5M-1.2%	$35.9M
Current Liabilities	$30.4M+37.6%	$22.1M+3.5%	$21.4M
Non-Current Liabilities	$14.9M+11.9%	$13.4M-8.0%	$14.5M
Long-Term Debt	$29.2M+18.0%	$24.7M	N/A
Total Equity	$15.4M-32.4%	$22.8M-16.9%	$27.5M
Retained Earnings	$1.6M-48.7%	$3.1M-51.6%	$6.3M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q4'2410-K	Q3'2410-Q	Q4'2310-K
Total Assets	$60.9M+4.2%	$61.0M	$63.1M	$58.5M-7.7%	N/A	$63.4M
Current Assets	$27.5M+3.1%	$29.4M	$29.3M	$26.7M-12.6%	N/A	$30.5M
Cash & Equivalents	$7.2M+40.8%	$8.2M+31.4%	$7.0M	$5.1M-42.7%	$6.2M	$8.9M
Short-Term Investments	$0-100.0%	$0	$63K	$61K	$0	$0
Inventory	$11.8M-18.7%	$13.2M	$13.6M	$14.5M-4.4%	N/A	$15.2M
Accounts Receivable	N/A	$6.3M	$6.2M	N/A	N/A	N/A
Long-Term Investments	$552K+59.9%	$470K	$482K	$345K+76.4%	$0	$196K
Total Liabilities	$45.4M+27.9%	$50.3M	$50.1M	$35.5M-1.2%	N/A	$35.9M
Current Liabilities	$30.4M+37.6%	$32.6M	$34.2M	$22.1M+3.5%	N/A	$21.4M
Non-Current Liabilities	$14.9M+11.9%	$17.7M	$16.0M	$13.4M-8.0%	N/A	$14.5M
Long-Term Debt	$29.2M+18.0%	$13.7M	$11.8M	$24.7M	N/A	N/A
Total Equity	$15.4M-32.4%	$10.6M	$12.8M	$22.8M-16.9%	N/A	$27.5M
Retained Earnings	$1.6M-48.7%	-$4.3M	-$2.6M	$3.1M-51.6%	N/A	$6.3M

Not reported in any period shown, so not listed: Goodwill.

FSTWF Cash Flow Statement

FSTWF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K
Operating Cash Flow	-$1.0M+36.6%	-$1.6M+85.9%	-$11.2M
Depreciation & Amortization	$2.2M+14.2%	$1.9M+6.4%	$1.8M
Capital Expenditures	$603K-85.4%	$4.1M-64.3%	$11.6M
Free Cash Flow	-$1.6M+72.0%	-$5.7M+74.9%	-$22.8M
Investing Cash Flow	-$799K+82.1%	-$4.5M+61.6%	-$11.6M
Financing Cash Flow	$3.3M-10.7%	$3.7M-67.2%	$11.3M
Dividends Paid	N/A	N/A	$2.7M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q4'2410-K	Q3'2410-Q	Q4'2310-K
Operating Cash Flow	-$4.4M-105.0%	$4.4M+610.3%	N/A	-$2.1M	-$872K	N/A
Capital Expenditures	$226K-87.8%	$255K-69.9%	N/A	$1.9M	$848K	N/A
Free Cash Flow	-$4.6M-15.3%	$4.2M+343.8%	N/A	-$4.0M	-$1.7M	N/A
Investing Cash Flow	-$370K+80.7%	-$188K+82.9%	N/A	-$1.9M	-$1.1M	N/A
Financing Cash Flow	$5.6M+35.0%	-$2.5M-553.1%	N/A	$4.1M	-$381K	N/A
Dividends Paid	N/A	$0	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.

FSTWF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSTWF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K
Gross Margin	43.0%0.0pp	43.0%-3.7pp	46.8%
Operating Margin	-4.9%+5.1pp	-10.0%+0.9pp	-10.9%
Net Margin	-3.1%+5.7pp	-8.9%-1.3pp	-7.5%
Return on Equity	-9.7%+4.5pp	-14.2%-6.3pp	-7.9%
Return on Assets	-2.5%+3.1pp	-5.5%-2.1pp	-3.4%
Current Ratio	0.90-0.3x	1.21-0.2x	1.43
Debt-to-Equity	1.89+0.8x	1.08-0.2x	1.31
Asset Turnover	0.79+0.2x	0.62+0.2x	0.45
FCF Margin	-3.3%+12.3pp	-15.7%+63.7pp	-79.3%

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q4'2410-K	Q3'2410-Q	Q4'2310-K
Gross Margin	N/A	39.2%+0.4pp	N/A	N/A	38.8%	N/A
Operating Margin	N/A	-7.5%+7.9pp	N/A	N/A	-15.5%	N/A
Net Margin	N/A	-5.7%+14.9pp	N/A	N/A	-20.6%	N/A
Return on Equity	N/A	-6.8%	N/A	N/A	N/A	N/A
Return on Assets	N/A	-1.2%	N/A	N/A	N/A	N/A
Current Ratio	0.90-0.3x	0.90	0.86	1.21-0.2x	N/A	1.43
Debt-to-Equity	1.89+0.8x	1.29	0.92	1.08-0.2x	N/A	1.31
Asset Turnover	N/A	0.21	N/A	N/A	N/A	N/A
FCF Margin	N/A	33.4%+53.6pp	N/A	N/A	-20.2%	N/A

Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where FST CORP RED WTS Ranks

Frequently Asked Questions

What is FST CORP RED WTS's annual revenue?

FST CORP RED WTS (FSTWF) reported $48.0M in total revenue for fiscal year 2025. This represents a 31.4% 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 FST CORP RED WTS's revenue growing?

FST CORP RED WTS (FSTWF) revenue grew by 31.4% year-over-year, from $36.5M to $48.0M in fiscal year 2025.

Is FST CORP RED WTS profitable?

No, FST CORP RED WTS (FSTWF) reported a net income of -$1.5M in fiscal year 2025, with a net profit margin of -3.1%.

What is FST CORP RED WTS's EBITDA?

FST CORP RED WTS (FSTWF) had EBITDA of -$128K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does FST CORP RED WTS have?

As of fiscal year 2025, FST CORP RED WTS (FSTWF) had $7.2M in cash and equivalents against $29.2M in long-term debt.

What is FST CORP RED WTS's gross margin?

FST CORP RED WTS (FSTWF) had a gross margin of 43.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is FST CORP RED WTS's operating margin?

FST CORP RED WTS (FSTWF) had an operating margin of -4.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is FST CORP RED WTS's net profit margin?

FST CORP RED WTS (FSTWF) had a net profit margin of -3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is FST CORP RED WTS's return on equity (ROE)?

FST CORP RED WTS (FSTWF) has a return on equity of -9.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is FST CORP RED WTS's free cash flow?

FST CORP RED WTS (FSTWF) recorded an outflow of $1.6M in free cash flow during fiscal year 2025. This represents a 72.0% 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 FST CORP RED WTS's operating cash flow?

FST CORP RED WTS (FSTWF) recorded an outflow of $1.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are FST CORP RED WTS's total assets?

FST CORP RED WTS (FSTWF) had $60.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are FST CORP RED WTS's capital expenditures?

FST CORP RED WTS (FSTWF) invested $603K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does FST CORP RED WTS spend on research and development?

FST CORP RED WTS (FSTWF) invested $1.5M in research and development during fiscal year 2025.

How many shares does FST CORP RED WTS have outstanding?

FST CORP RED WTS (FSTWF) had 45M shares outstanding as of fiscal year 2025.

What is FST CORP RED WTS's current ratio?

FST CORP RED WTS (FSTWF) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is FST CORP RED WTS's debt-to-equity ratio?

FST CORP RED WTS (FSTWF) had a debt-to-equity ratio of 1.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is FST CORP RED WTS's return on assets (ROA)?

FST CORP RED WTS (FSTWF) had a return on assets of -2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is FST CORP RED WTS's Piotroski F-Score?

FST CORP RED WTS (FSTWF) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FST CORP RED WTS's earnings high quality?

FST CORP RED WTS (FSTWF) reported a net loss of $1.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 FST CORP RED WTS cover its interest payments?

FST CORP RED WTS (FSTWF) reported an operating loss of $2.3M against $658K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.