What is GridAI Tech's earnings per share (EPS)?

GridAI Tech (GRDX) reported diluted earnings per share of $-5.33 for fiscal year 2024. This represents a 88.9% 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.

GridAI Tech Financials

GRDX

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows GridAI Tech (GRDX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Financial Health Signals

Financial Profile 24/100

Based on FY2024 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 GridAI Tech'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

GridAI Tech carries a low D/E ratio of -23.03, meaning only $-23.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

GridAI Tech's current ratio of 3.03 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Piotroski F-Score Weak

3/9

GridAI Tech passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.51x

For every $1 of reported earnings, GridAI Tech generates $0.51 in operating cash flow (-$9.2M OCF vs -$18.1M 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

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Earnings & Revenue

Revenue

N/A

EBITDA

-$15.6M

YoY+1.1%

GridAI Tech's EBITDA was -$15.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.1% from the prior year.

Net Income

-$18.1M

YoY-14.3%

GridAI Tech reported -$18.1M in net income in fiscal year 2024. This represents a decrease of 14.3% from the prior year.

EPS (Diluted)

$-5.33

YoY+88.9%

GridAI Tech earned $-5.33 per diluted share (EPS) in fiscal year 2024. This represents an increase of 88.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$163K

YoY-95.6%

5Y CAGR-1.4%

GridAI Tech held $163K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+1.5%

GridAI Tech had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.5% 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

$904K

YoY-82.0%

5Y CAGR-36.4%

GridAI Tech invested $904K in research and development in fiscal year 2024. This represents a decrease of 82.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

GRDX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	$0
Cost of Revenue	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
R&D Expenses	$904K-82.0%	$5.0M-42.6%	$8.8M-48.4%	$17.0M+188.6%	$5.9M-32.2%	$8.7M
SG&A Expenses	$14.7M+37.1%	$10.7M-10.4%	$12.0M-34.8%	$18.4M+152.0%	$7.3M+20.3%	$6.1M
Operating Income	-$15.6M+0.9%	-$15.8M-24.4%	-$12.7M	N/A	-$26.4M-79.3%	-$14.7M
Interest Expense	N/A	$22K+41.5%	$16K+41.3%	$11K-99.8%	$5.8M+1246.0%	$434K
Income Tax	N/A	N/A	N/A	$0	$0	$0
Net Income	-$18.1M-14.3%	-$15.8M-8.0%	-$14.6M+75.0%	-$58.5M-79.2%	-$32.7M-115.3%	-$15.2M
EPS (Diluted)	$-5.33+88.9%	$-47.88	$-416.94+79.0%	$-1988.53	$-14.68	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
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	$7K-37.2%	$11K-32.8%	$16K	N/A	$207K-5.7%	$220K-60.4%	$555K	N/A
SG&A Expenses	$928K+47.7%	$628K-22.0%	$806K	N/A	$1.7M-47.4%	$3.2M-62.5%	$8.5M	N/A
Operating Income	-$935K-46.3%	-$639K+22.2%	-$821K	N/A	-$1.9M+44.8%	-$3.4M+62.3%	-$9.1M	N/A
Interest Expense	N/A	N/A	$18K	N/A	-$229-5.0%	-$218-100.3%	$66K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	$4.3M+128.6%	-$14.9M	N/A
Net Income	-$1.2M-15.5%	-$998K+20.7%	-$1.3M	N/A	-$2.6M+70.7%	-$8.8M-258.2%	$5.6M	N/A
EPS (Diluted)	$-0.75-257.1%	$-0.21+25.0%	$-0.28	N/A	$-1.76+54.4%	$-3.86-1115.8%	$0.38	N/A

GRDX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$85.4M+1140.8%	$6.9M+26.5%	$5.4M-53.9%	$11.8M-8.8%	$12.9M+45.2%	$8.9M
Current Assets	$83.5M+1584.3%	$5.0M+45.2%	$3.4M-63.8%	$9.4M+19.8%	$7.9M+130.9%	$3.4M
Cash & Equivalents	$163K-95.6%	$3.7M+172.3%	$1.4M-83.5%	$8.2M+36.1%	$6.1M+3348.4%	$176K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$93K	$0-100.0%	$551K-79.1%	$2.6M
Goodwill	$1.7M0.0%	$1.7M0.0%	$1.7M-11.9%	$1.9M-6.9%	$2.1M+8.9%	$1.9M
Total Liabilities	$89.3M+2621.9%	$3.3M+21.6%	$2.7M-86.2%	$19.6M+26.0%	$15.6M+263.2%	$4.3M
Current Liabilities	$27.5M+779.1%	$3.1M+26.2%	$2.5M-79.8%	$12.3M-20.9%	$15.5M+262.7%	$4.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$3.9M-207.6%	$3.6M+31.4%	$2.7M+135.1%	-$7.8M-196.2%	-$2.6M-157.2%	$4.6M
Retained Earnings	-$202.4M-9.8%	-$184.3M-9.4%	-$168.5M-9.5%	-$153.9M-61.4%	-$95.4M-52.1%	-$62.7M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$135.4M+59.1%	$85.1M-0.2%	$85.2M-0.2%	$85.4M-0.5%	$85.8M-0.5%	$86.3M-5.3%	$91.1M+1224.0%	$6.9M
Current Assets	$87.7M+5.3%	$83.3M-0.2%	$83.5M0.0%	$83.5M-0.4%	$83.8M-0.6%	$84.4M+1026.7%	$7.5M+51.1%	$5.0M
Cash & Equivalents	$2.5M+56163.3%	$4K-92.5%	$59K-63.7%	$163K-55.4%	$367K-44.6%	$662K-80.7%	$3.4M-7.5%	$3.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$37K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.8M+1431.7%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M-91.6%	$20.0M+1089.8%	$1.7M
Total Liabilities	$107.5M+17.7%	$91.4M+1.0%	$90.4M+1.3%	$89.3M+15.3%	$77.5M+0.4%	$77.2M+3.0%	$75.0M+2184.9%	$3.3M
Current Liabilities	$33.5M+12.9%	$29.7M+3.3%	$28.7M+4.3%	$27.5M+75.6%	$15.7M+2.0%	$15.4M+149.2%	$6.2M+97.0%	$3.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$6.4M	N/A
Total Equity	$27.9M+542.7%	-$6.3M-20.7%	-$5.2M-34.6%	-$3.9M-146.3%	$8.4M-8.2%	$9.1M-43.6%	$16.2M+349.2%	$3.6M
Retained Earnings	-$205.8M-0.6%	-$204.6M-0.5%	-$203.6M-0.6%	-$202.4M-6.4%	-$190.1M-1.4%	-$187.6M-4.9%	-$178.8M+3.0%	-$184.3M

GRDX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$9.2M+25.5%	-$12.4M+44.6%	-$22.3M+30.8%	-$32.3M-187.7%	-$11.2M+20.0%	-$14.0M
Capital Expenditures	N/A	N/A	N/A	$69K+1567.6%	$4K-82.7%	$24K
Free Cash Flow	N/A	N/A	N/A	-$32.4M-188.2%	-$11.2M+20.1%	-$14.1M
Investing Cash Flow	$88K+117.6%	-$500K	N/A	-$10.3M-11914.0%	$87K+462.5%	-$24K
Financing Cash Flow	$5.6M-63.3%	$15.2M-3.3%	$15.7M-64.8%	$44.8M+162.6%	$17.0M+29.7%	$13.1M
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$856K-1459.3%	-$55K+93.3%	-$819K-377.3%	-$172K+90.7%	-$1.8M+46.4%	-$3.5M+7.9%	-$3.7M-8.9%	-$3.4M
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	$0	$0	$0-100.0%	$88K	N/A
Financing Cash Flow	$3.0M	$0-100.0%	$700K+2301.4%	-$32K-102.0%	$1.6M+127.9%	$681K-79.8%	$3.4M-22.5%	$4.4M
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

GRDX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
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	-438.4%+95.1pp	-533.5%	N/A	N/A	-328.7%
Return on Assets	-21.1%+208.3pp	-229.5%+39.5pp	-268.9%+227.6pp	-496.5%-243.7pp	-252.8%-82.3pp	-170.5%
Current Ratio	3.03+1.4	1.58+0.2	1.37+0.6	0.77+0.3	0.51-0.3	0.80
Debt-to-Equity	-23.03-23.9	0.91-0.1	0.98+3.5	-2.51+3.4	-5.89-6.8	0.93
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
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	-4.1%	N/A	N/A	N/A	-30.8%+65.7pp	-96.6%-131.0pp	34.4%	N/A
Return on Assets	-0.9%+0.3pp	-1.2%+0.3pp	-1.5%	N/A	-3.0%+7.2pp	-10.2%-16.3pp	6.1%	N/A
Current Ratio	2.62-0.2	2.81-0.1	2.90-0.1	3.03-2.3	5.34-0.1	5.49+4.3	1.21-0.4	1.58
Debt-to-Equity	3.86+18.4	-14.51+2.8	-17.33+5.7	-23.03-32.3	9.25+0.8	8.46+8.1	0.40-0.5	0.91
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$3.9M), 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.

Frequently Asked Questions

Is GridAI Tech profitable?

No, GridAI Tech (GRDX) reported a net income of -$18.1M in fiscal year 2024.

What is GridAI Tech's EBITDA?

GridAI Tech (GRDX) had EBITDA of -$15.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is GridAI Tech's operating cash flow?

GridAI Tech (GRDX) generated -$9.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are GridAI Tech's total assets?

GridAI Tech (GRDX) had $85.4M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does GridAI Tech spend on research and development?

GridAI Tech (GRDX) invested $904K in research and development during fiscal year 2024.

How many shares does GridAI Tech have outstanding?

GridAI Tech (GRDX) had 2M shares outstanding as of fiscal year 2024.

What is GridAI Tech's current ratio?

GridAI Tech (GRDX) had a current ratio of 3.03 as of fiscal year 2024, which is generally considered healthy.

What is GridAI Tech's debt-to-equity ratio?

GridAI Tech (GRDX) had a debt-to-equity ratio of -23.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GridAI Tech's return on assets (ROA)?

GridAI Tech (GRDX) had a return on assets of -21.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is GridAI Tech's cash runway?

Based on fiscal year 2024 data, GridAI Tech (GRDX) had $163K in cash against an annual operating cash burn of $9.2M. 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 GridAI Tech's debt-to-equity ratio negative or unusual?

GridAI Tech (GRDX) has negative shareholder equity of -$3.9M as of fiscal year 2024, 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 GridAI Tech's Piotroski F-Score?

GridAI Tech (GRDX) 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 GridAI Tech's earnings high quality?

GridAI Tech (GRDX) has an earnings quality ratio of 0.51x, 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 GridAI Tech?

GridAI Tech (GRDX) scores 24 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.