Graphene Solar T Financials
This page shows Graphene Solar T (GSTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
External financing, not operations, appears to be keeping the company functioning as cash burn and liabilities outrun its asset base.
From FY2023 through FY2025, operating cash outflow stayed negative and worsened to-$430K , while financing cash inflow remained positive at$404K in FY2025; that pairing implies the business has recently depended on fresh capital to cover day-to-day cash use rather than funding itself internally. The balance sheet did not heal as that capital arrived: assets were only$313K against liabilities of$4.9M in FY2025.
The most important balance-sheet signal is not just negative equity of
At the same time, capital raising has not translated into a much larger operating cushion: cash improved from about
Financial Health Signals
Graphene Solar T does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Graphene Solar T earned $0.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Graphene Solar T held $57K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
GSTX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $158K+68.4% | $94K | N/A | N/A | $302K | N/A | $267K-17.4% | $323K+588.7% | $47K | N/A | N/A | N/A | $1.4M-12.2% | $1.6M+54.4% | $1.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$143K | N/A | N/A | N/A | -$3.2M-2656.0% | $124K-62.5% | $330K |
| Interest Expense | N/A | $188K+275.4% | $50K+115.4% | $23K-34.1% | $35K-76.7% | $151K+310.4% | $37K-51.6% | $76K+465.1% | -$21K | N/A | N/A | N/A | N/A | $1.9M+59.1% | $1.2M+72.4% | $680K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$160K | N/A | N/A | N/A | -$3.4M-230.9% | -$1.0M+7.4% | -$1.1M |
| EPS (Diluted) | — | $0.00+100.0% | -$0.01 | $0.00 | N/A | N/A | N/A | N/A | N/A | N/A | $0.00-100.0% | $2.65 | $26.92+10070.4% | -$0.27 | -$0.09 | -$0.15 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GSTX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $313K+2.1% | $307K+1591.7% | $18K-1.4% | $18K-99.7% | $6.8M+55341.1% | $12K-91.7% | $147K+78.6% | $83K-48.5% | $160K+15912.0% | $1K+19920.0% | $5-100.0% | $135K-98.5% | $8.8M-38.4% | $14.2M+156.4% | $5.5M |
| Current Assets | $69K+399.1% | $14K+12.8% | $12K-13.1% | $14K-37.7% | $23K+187608.3% | $12-100.0% | $91K+1259.2% | $7K-82.2% | $38K+3658.9% | $1K+19920.0% | $5-100.0% | $52K-97.0% | $1.7M-53.6% | $3.7M+419.3% | $715K |
| Cash & Equivalents | $57K+3009.2% | $2K+68.6% | $1K-61.7% | $3K-23.4% | $4K+30966.7% | $12-100.0% | $74K+1007.4% | $7K-37.6% | $11K | N/A | $5-100.0% | $39K-97.1% | $1.3M-56.8% | $3.1M+581.8% | $453K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $372K-39.6% | $616K+139.4% | $257K |
| Total Liabilities | $4.9M+54.9% | $3.1M-37.1% | $5.0M+23.0% | $4.1M+14.7% | $3.5M+110.1% | $1.7M+49.1% | $1.1M+25.3% | $902K-10.7% | $1.0M+287.4% | $261K-2.2% | $266K-92.7% | $3.6M-33.8% | $5.5M-49.8% | $10.9M+123.1% | $4.9M |
| Current Liabilities | $4.8M+59.2% | $3.0M-39.4% | $5.0M+23.0% | $4.1M+14.7% | $3.5M+110.1% | $1.7M+49.1% | $1.1M+25.3% | $902K-10.7% | $1.0M+287.4% | $261K-2.2% | $266K-92.7% | $3.6M+734.7% | $436K-56.8% | $1.0M+295.0% | $255K |
| Total Equity | -$4.6M-60.6% | -$2.8M+43.0% | -$5.0M-23.1% | -$4.0M-223.9% | $3.3M+295.2% | -$1.7M-70.2% | -$982K-19.9% | -$819K+3.6% | -$849K-227.2% | -$260K+2.6% | -$266K+92.4% | -$3.5M-207.1% | $3.3M0.0% | $3.3M+411.6% | $639K |
| Retained Earnings | -$74.3M-4.7% | -$71.0M-3.9% | -$68.4M-1.9% | -$67.1M-45.6% | -$46.1M-309.9% | -$11.2M-10.9% | -$10.1M-14.0% | -$8.9M-31.8% | -$6.7M-2.4% | -$6.6M+0.1% | -$6.6M+27.0% | -$9.0M-59.6% | -$5.7M-150.8% | -$2.3M-83.7% | -$1.2M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
GSTX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$782K | -$430K-347.6% | -$96K-33.0% | -$72K-64.7% | -$44K+86.3% | -$320K | N/A | -$601K | N/A | -$121K | N/A | N/A | -$292K-131.4% | $929K+142.4% | $383K-19.7% | $477K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4K | N/A | N/A | $0-100.0% | $2K-89.1% | $22K+1016.2% | $2K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$125K | N/A | N/A | -$292K-131.5% | $926K+156.9% | $361K-24.1% | $475K |
| Investing Cash Flow | N/A | $79K+24735.4% | $319 | N/A | N/A | -$3K | N/A | N/A | N/A | -$4K | N/A | N/A | N/A | -$2.4M+61.5% | -$6.1M-80.6% | -$3.4M |
| Financing Cash Flow | $453K | $404K+242.9% | $118K+64.3% | $72K+52.8% | $47K-82.7% | $271K | N/A | $671K | N/A | $73K | N/A | N/A | N/A | -$325K-103.9% | $8.4M+160.8% | $3.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GSTX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -104.0%-72.6pp | -31.4%+142.3pp | -173.7% |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -100.0% | N/A | N/A | N/A | -38.8%-31.6pp | -7.2%+12.8pp | -20.0% |
| Current Ratio | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.00-0.1x | 0.08+0.1x | 0.010.0x | 0.040.0x | 0.000.0x | 0.000.0x | 0.01-3.9x | 3.95+0.3x | 3.68+0.9x | 2.80 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 1.08 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.68-1.7x | 3.35-4.3x | 7.68 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$4.6M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Graphene Solar T Ranks
Frequently Asked Questions
What is Graphene Solar T's operating cash flow?
Graphene Solar T (GSTX) recorded an outflow of $430K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Graphene Solar T's total assets?
Graphene Solar T (GSTX) had $313K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Graphene Solar T's current ratio?
Graphene Solar T (GSTX) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Graphene Solar T's cash runway?
Based on fiscal year 2025 data, Graphene Solar T (GSTX) had $57K in cash against an annual operating cash burn of $430K. This gives an estimated cash runway of approximately 2 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 Graphene Solar T's debt-to-equity ratio negative or not reported?
Graphene Solar T (GSTX) has negative shareholder equity of -$4.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.