FST Red WTS (FSTWF) Financials
Newest figures come from the 20-F 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 (20-F and 6-K reports).
Revenue growth is narrowing losses, but expansion is increasingly financed by liabilities and reduced reinvestment rather than internally generated cash.
Revenue rose31.4% while operating margin improved5.1 percentage points , suggesting better fixed-cost absorption as sales scaled. Free cash flow margin also improved12.3 percentage points while capital expenditures fell85.4% , showing that cash improvement depended partly on lighter reinvestment rather than profitability alone.
Liabilities reached
The net loss narrowed from
Financial Health Signals
We do not publish a peer-relative financial health score for FST Corp Red WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
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 operating efficiency signals passes.
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.
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
Earnings & Revenue
FST Corp Red WTS earned $0.12 per diluted share (EPS) in Q4 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Cash & Balance Sheet
FST Corp Red WTS recorded an outflow of $4.6M in free cash flow in Q4 2025, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 209.3%.
FST Corp Red WTS held $7.2M in cash against $29.2M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
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%.
Not reported for Q4 2025.
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.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|
| 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 | -$947Kn/m | 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 | $223Kn/m | N/A | N/A | -$67K | N/A |
| Net Income | N/A | -$673Kn/m | N/A | N/A | -$1.8M | N/A |
| EPS (Basic) | $0.12n/m | -$0.02 | N/A | -$0.06 | -$0.03 | N/A |
| EPS (Diluted) | $0.12n/m | -$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
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.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|
| 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% | $0n/m | $63K | $61Kn/m | $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% | $470Kn/m | $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
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.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.4Mn/m | $4.4Mn/m | 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 | -$4.6Mn/m | $4.2Mn/m | N/A | -$4.0M | -$1.7M | N/A |
| Investing Cash Flow | -$370Kn/m | -$188Kn/m | N/A | -$1.9M | -$1.1M | N/A |
| Financing Cash Flow | $5.6M+35.0% | -$2.5Mn/m | 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.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q4'2420-F | Q3'246-K | Q4'2320-F |
|---|---|---|---|---|---|---|
| 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 | -5.4%+15.3pp | N/A | N/A | -20.6% | N/A |
| Return on Equity | N/A | -6.3% | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -1.1% | 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 | N/A | N/A |
| Liabilities-to-Equity | 2.94+1.4x | 4.74 | 3.91 | 1.55+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
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.
FST Corp Red WTS (FSTWF) revenue grew by 31.4% year-over-year, from $36.5M to $48.0M in fiscal year 2025.
No, FST Corp Red WTS (FSTWF) reported a net loss of $1.5M in fiscal year 2025, with a net profit margin of -3.1%.
FST Corp Red WTS (FSTWF) had EBITDA of -$128K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, FST Corp Red WTS (FSTWF) had $7.2M in cash and equivalents against $29.2M in long-term debt.
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.
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.
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.
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.
FST Corp Red WTS (FSTWF) recorded an outflow of $1.6M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
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.
FST Corp Red WTS (FSTWF) had $60.9M in total assets as of fiscal year 2025, including both current and long-term assets.
FST Corp Red WTS (FSTWF) invested $603K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
FST Corp Red WTS (FSTWF) invested $1.5M in research and development during fiscal year 2025.
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.
FST Corp Red WTS (FSTWF) had a debt-to-equity ratio of 1.89 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
FST Corp Red WTS (FSTWF) had a liabilities-to-equity ratio of 2.94 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
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.
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.
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.