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Fast Track Group (FTRK) Financials

FTRK NASDAQ
FY2026 annual
Revenue $1.7M +126.2% YoY
Net Income -$4.8M n/m YoY
EPS (Diluted) -$0.22 n/m YoY
Free Cash Flow -$12.8M -4136.3% YoY
Source SEC Filings (20-F/6-K) Latest period FY2026, ended Feb 28, 2026 Reported Currency USD FYE February

Newest figures come from the F-1 for FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FTRK SEC filings page.

Fast Track Group (FTRK) reported $1.7M in revenue for fiscal year 2026, up 126.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).

Rhea AI FTRK FY2026

Revenue expanded, but cost growth and cash consumption overwhelmed gross-profit gains, leaving financing—not operations—to reshape the balance sheet.

Gross-margin improvement reached 38.5% in FY2026, yet SG&A consumed 110.8% of revenue, so better gross economics did not reach operating profit. Operating margin fell 250.2 percentage points to -292.3%, making expense scale relative to sales the central operating constraint.

Operating cash flow moved from $318K in FY2025 to -$12.5M in FY2026. Revenue more than doubled while free cash flow reversed from positive to negative, showing expansion required cash rather than generating it.

Total assets expanded to $10.4M while financing cash flow reached $14.4M, indicating the balance-sheet expansion was funded externally rather than by operations. Liabilities fell to 15.3% of assets from 188.8% in FY2025, indicating a major shift in reported solvency.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 49 / 100
Financial Health Score 49/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Fast Track Group'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.

Profitability
15

Fast Track Group's reported operating margin for fiscal year 2026 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 15/100.

Growth
98

Fast Track Group's revenue surged 126.2% year-over-year to $1.7M, reflecting rapid business expansion. This strong growth earns a score of 98/100.

Leverage
77
Liquidity
95

With a current ratio of 6.86, Fast Track Group holds $6.86 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.

Cash Flow
1

Fast Track Group's reported free cash flow margin for fiscal year 2026 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.

Returns
5

Fast Track Group posts a -55.1% return on equity (ROE), meaning it loses $55 for every $100 of shareholders' equity. This results in a returns score of 5/100.

Piotroski F-Score Partial
2/8

Fast Track Group passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality No Cash Backing
N/A

Fast Track Group reported a net loss of $4.8M while operations used $12.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Fast Track Group reported an operating loss of $5.0M against $3K 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

Revenue
$1.7M
YoY+126.2%

Fast Track Group generated $1.7M in revenue in fiscal year 2026. This represents an increase of 126.2% from the prior year.

EBITDA
-$4.9M
YoYn/m

Fast Track Group's EBITDA was -$4.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.

Net Income
-$4.8M
YoYn/m

Fast Track Group reported a net loss of $4.8M in fiscal year 2026. The change from the prior year is not meaningful, because that figure was zero or negative.

EPS (Diluted)
-$0.22
YoYn/m

Fast Track Group earned -$0.22 per diluted share (EPS) in fiscal year 2026. The change from the prior year is not meaningful, because that figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow
-$12.8M
YoY-4136.3%

Fast Track Group recorded an outflow of $12.8M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 4136.3% from the prior year.

Cash & Debt
$1.9M
YoY+844.9%

Fast Track Group held $1.9M in cash as of fiscal year 2026; no long-term debt figure is on record for that period.

Shares Outstanding
22M
YoY+24.6%

Fast Track Group had 22M shares outstanding in fiscal year 2026. This represents an increase of 24.6% from the prior year.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin
38.5%
YoY+25.8pp

Fast Track Group's gross margin was 38.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 25.8 percentage points from the prior year.

Return on Equity
-55.1%

Fast Track Group's ROE was -55.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity.

Operating Margin

Not shown for fiscal year 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures
$226K
YoY+13688.9%

Fast Track Group invested $226K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 13688.9% from the prior year.

R&D Spending

Not reported for fiscal year 2026.

Share Buybacks

Not reported for fiscal year 2026.

FTRK 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.

FTRK annual income statement
MetricFY26F-1FY2520-F
Revenue$1.7M+126.2%$751K
Cost of Revenue$1.0M+59.3%$656K
Gross Profit$654K+586.7%$95K
SG&A Expenses$1.9M+393.6%$382K
Operating Income-$5.0Mn/m-$316K
EBITDA-$4.9Mn/m-$316K
Interest Expense$3K-84.5%$20K
Net Income-$4.8Mn/m-$335K
EPS (Basic)-$0.22n/m-$0.02
EPS (Diluted)-$0.22n/m-$0.02
Diluted Shares (Avg)22M+24.6%18M

Not reported in any period shown, so not listed: R&D Expenses, Income Tax.

FTRK 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.

FTRK annual balance sheet
MetricFY26F-1FY2520-F
Total Assets$10.4M+928.7%$1.0M
Current Assets$9.5M+857.5%$988K
Cash & Equivalents$1.9M+844.9%$199K
Short-Term Investments$0N/A
Accounts ReceivableN/A$84K
Long-Term Investments$0N/A
Total Liabilities$1.6M-16.8%$1.9M
Current Liabilities$1.4M-18.5%$1.7M
Non-Current Liabilities$202K-2.3%$207K
Long-Term DebtN/A$3K
Total Equity$8.8Mn/m-$893K
Retained Earnings-$6.7Mn/m-$1.7M

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

FTRK 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.

FTRK annual cash flow statement
MetricFY26F-1FY2520-F
Operating Cash Flow-$12.5M-4044.1%$318K
Depreciation & Amortization$21K+15557.7%$137
Capital Expenditures$226K+13688.9%$2K
Free Cash Flow-$12.8M-4136.3%$316K
Investing Cash Flow-$226Kn/m-$2K
Financing Cash Flow$14.4Mn/m-$119K

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

FTRK 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.

FTRK annual financial ratios
MetricFY26F-1FY2520-F
Gross Margin38.5%+25.8pp12.7%
Operating Margin-292.3%-42.1%
Net Margin-284.2%-44.6%
Return on Equity-55.1%N/A
Return on Assets-46.7%-13.3pp-33.3%
Current Ratio6.86+6.3x0.58
Liabilities-to-Equity0.18N/A
Asset Turnover0.16-0.6x0.75
FCF Margin-750.4%42.1%

Not reported in any period shown, so not listed: Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Fast Track Group FTRK FY2026 $1.7M -$4.8M N/A N/A 49/100
Pop Culture Group Co., Ltd CPOP FY2025 $107.6M -$6.9M -6.4% $5.1M 69/100
Anghami Inc. ANGH FY2025 $99.3M -$89.5M -90.1% $32.2M 42/100
Live Nation Entertainment Inc. LYV FY2025 $25.2B $496.0M 2.0% $42.7B 45/100
TKO Group Holdings, Inc. TKO FY2025 $4.7B $195.4M 4.1% $36.6B 49/100
HUYA Inc. HUYA FY2025 $929.8M -$16.1M -1.7% $477.3M 41/100

Frequently Asked Questions

Fast Track Group (FTRK) reported $1.7M in total revenue for fiscal year 2026. This represents a 126.2% 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.

Fast Track Group (FTRK) revenue grew by 126.2% year-over-year, from $751K to $1.7M in fiscal year 2026.

No, Fast Track Group (FTRK) reported a net loss of $4.8M in fiscal year 2026.

Fast Track Group (FTRK) reported diluted earnings per share of -$0.22 for fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.

Fast Track Group (FTRK) had EBITDA of -$4.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Fast Track Group (FTRK) had a gross margin of 38.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Fast Track Group (FTRK) has a return on equity of -55.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Fast Track Group (FTRK) recorded an outflow of $12.8M in free cash flow during fiscal year 2026. This represents a -4136.3% 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.

Fast Track Group (FTRK) recorded an outflow of $12.5M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

Fast Track Group (FTRK) had $10.4M in total assets as of fiscal year 2026, including both current and long-term assets.

Fast Track Group (FTRK) invested $226K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Fast Track Group (FTRK) had 22M shares outstanding as of fiscal year 2026.

Fast Track Group (FTRK) had a current ratio of 6.86 as of fiscal year 2026, which is generally considered healthy.

Fast Track Group (FTRK) had a liabilities-to-equity ratio of 0.18 as of fiscal year 2026, 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. No debt-to-equity ratio is shown for fiscal year 2026, because the filing data we hold for that year carries no long-term debt figure.

Fast Track Group (FTRK) had a return on assets of -46.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

At the end of fiscal year 2026, Fast Track Group (FTRK) held $1.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.5M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Fast Track Group (FTRK) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Fast Track Group (FTRK) reported a net loss of $4.8M while operations used $12.5M 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.

Fast Track Group (FTRK) reported an operating loss of $5.0M against $3K 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.

Fast Track Group (FTRK) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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