Graf Global Corp Financials
This page shows Graf Global Corp (GRAF) financial statements, including the 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).
Reported earnings reflect balance-sheet and non-operating effects more than cash-generating operations, and liquidity tightened sharply year over year.
Across FY2024 and FY2025, net income stayed positive at$5.2M and$8.0M , despite no operating improvement in the other reported lines. Yet operating losses widened and operating cash flow remained negative, a mismatch that usually means the earnings line is being shaped by items outside ordinary cash-generating activity.
Liabilities exceeded assets in both FY2024 and FY2025, leaving negative equity of
Near-term liquidity deteriorated fast, with the current ratio falling from 4.2x to 0.1x. Cash stayed roughly flat at
Financial Health Signals
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 Graf Global Corp'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.
Graf Global Corp's current ratio of 0.09 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Graf Global Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Graf Global Corp generates $-0.05 in operating cash flow (-$394K OCF vs $8.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Graf Global Corp reported $8.0M in net income in fiscal year 2025. This represents an increase of 53.2% from the prior year.
Cash & Balance Sheet
Graf Global Corp held $699 in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
GRAF Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $31K | N/A | $798K+312.9% | $193K-29.2% | $273K | N/A | $195K+174.4% | $71K |
| Operating Income | -$31K | N/A | -$798K-312.9% | -$193K+29.2% | -$273K | N/A | -$195K-174.4% | -$71K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $2.1M | N/A | $1.7M-23.9% | $2.3M+5.8% | $2.2M | N/A | $2.8M+10125.3% | $27K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GRAF Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $247.8M+0.8% | $245.7M+0.9% | $243.4M+1.0% | $241.0M+0.9% | $238.9M+1.0% | $236.6M+1.1% | $234.1M+1.2% | $231.3M |
| Current Assets | $58K-50.5% | $116K-40.8% | $196K-40.6% | $331K-44.0% | $590K-17.7% | $717K-13.7% | $831K-29.9% | $1.2M |
| Cash & Equivalents | $928+32.8% | $6990.0% | $699-99.3% | $107K-70.2% | $360K-24.9% | $480K-15.7% | $569K-51.0% | $1.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $258.8M+0.8% | $256.7M+1.1% | $253.8M+1.3% | $250.6M+1.0% | $248.3M+1.0% | $245.7M+1.1% | $243.0M+1.3% | $240.0M |
| Current Liabilities | $1.3M-2.2% | $1.3M+59.7% | $804K+474.3% | $140K-46.0% | $259K+52.8% | $170K+40.5% | $121K+5.5% | $114K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$11.0M-0.3% | -$11.0M-5.4% | -$10.4M-8.3% | -$9.6M-2.1% | -$9.4M-3.0% | -$9.1M-2.5% | -$8.9M-2.2% | -$8.7M |
| Retained Earnings | -$11.0M-0.3% | -$11.0M-5.4% | -$10.4M-8.3% | -$9.6M-2.1% | -$9.4M-3.0% | -$9.1M-2.5% | -$8.9M-2.2% | -$8.7M |
GRAF Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$50K | $0+100.0% | -$107K+36.6% | -$168K-40.6% | -$119K-41.3% | -$85K+85.6% | -$586K | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A |
| Financing Cash Flow | $50K | $0 | $0 | N/A | N/A | -$5K+19.3% | -$6K | N/A |
| 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 |
GRAF Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.9% | N/A | 0.7%-0.2pp | 0.9%+0.0pp | 0.9% | N/A | 1.2%+1.2pp | 0.0% |
| Current Ratio | 0.05-0.0 | 0.09-0.2 | 0.24-2.1 | 2.36+0.1 | 2.28-2.0 | 4.23-2.6 | 6.88-3.5 | 10.36 |
| Debt-to-Equity | -23.53-0.1 | -23.40+1.0 | -24.39+1.7 | -26.08+0.3 | -26.37+0.5 | -26.88+0.4 | -27.23+0.3 | -27.50 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$11.0M), 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 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Graf Global Corp profitable?
Yes, Graf Global Corp (GRAF) reported a net income of $8.0M in fiscal year 2025.
What is Graf Global Corp's operating cash flow?
Graf Global Corp (GRAF) generated -$394K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Graf Global Corp's total assets?
Graf Global Corp (GRAF) had $245.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Graf Global Corp's current ratio?
Graf Global Corp (GRAF) had a current ratio of 0.09 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Graf Global Corp's debt-to-equity ratio?
Graf Global Corp (GRAF) had a debt-to-equity ratio of -23.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Graf Global Corp's return on assets (ROA)?
Graf Global Corp (GRAF) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Graf Global Corp's cash runway?
Based on fiscal year 2025 data, Graf Global Corp (GRAF) had $699 in cash against an annual operating cash burn of $394K. 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 Graf Global Corp's debt-to-equity ratio negative or unusual?
Graf Global Corp (GRAF) has negative shareholder equity of -$11.0M 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 Graf Global Corp's Piotroski F-Score?
Graf Global Corp (GRAF) 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 Graf Global Corp's earnings high quality?
Graf Global Corp (GRAF) has an earnings quality ratio of -0.05x, 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.
How financially healthy is Graf Global Corp?
Graf Global Corp (GRAF) scores 0 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.