Graphjet Technology Financials
This page shows Graphjet Technology (GTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Recurring external funding is sustaining a tiny revenue base while Graphjet’s operations and balance sheet remain under strain.
The company still needed$2.3M of financing even as operating cash burn improved year over year to-$2.1M , showing it is living on external cash rather than internally generated funds. With cash down to$7K and the current ratio at 0.02, that improvement did not create short-term breathing room.
Reported sales did not cover direct production cost: revenue was
Cash use looks operational rather than expansionary: free cash flow was
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 Graphjet Technology'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.
Graphjet Technology's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Graphjet Technology generated -$2.1M in operating cash flow, capex of $431K consumed most of it, leaving -$2.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Graphjet Technology passes 1 of 9 financial strength tests. 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Graphjet Technology generates $0.13 in operating cash flow (-$2.1M OCF vs -$16.4M 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
Graphjet Technology generated $93K in revenue in fiscal year 2025.
Graphjet Technology reported -$16.4M in net income in fiscal year 2025.
Graphjet Technology earned $-6.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.4% from the prior year.
Cash & Balance Sheet
Graphjet Technology generated -$2.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.9% from the prior year.
Graphjet Technology held $7K in cash against $0 in long-term debt as of fiscal year 2025.
Graphjet Technology had 3M shares outstanding in fiscal year 2025. This represents an increase of 31.3% from the prior year.
Margins & Returns
Graphjet Technology's gross margin was -108.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Graphjet Technology's net profit margin was -17688.6% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
Graphjet Technology invested $431K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 70.1% from the prior year.
GTI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $49K | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | $76K | N/A | N/A | N/A | N/A | $1.2M | N/A |
| Gross Profit | N/A | -$27K | 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 | N/A | $1.7M+202.4% | $553K-15.2% | $652K | N/A | $2.0M-85.7% | $14.1M+6151.1% | $225K |
| Operating Income | N/A | N/A | -$553K+15.2% | -$652K | N/A | -$2.0M+85.7% | -$14.1M-6151.1% | -$225K |
| Interest Expense | N/A | $6K+4.3% | $6K-3.3% | $6K | N/A | $6K-0.2% | $6K-1.0% | $6K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | -$577K+16.3% | -$689K | N/A | -$2.0M+85.9% | -$14.3M-3422.1% | -$405K |
| EPS (Diluted) | N/A | $-8.74-87300.0% | $-0.010.0% | $-0.01 | N/A | $-0.83-730.0% | $-0.10-900.0% | $-0.01 |
GTI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4M+131.5% | $1.9M-4.4% | $2.0M-14.2% | $2.3M+6.2% | $2.2M-69.8% | $7.2M-15.5% | $8.5M-39.1% | $14.0M |
| Current Assets | $192K-52.3% | $402K-20.7% | $508K-41.6% | $870K+50.5% | $578K+36.6% | $423K-74.2% | $1.6M+6067.4% | $27K |
| Cash & Equivalents | $7K-85.7% | $51K-77.5% | $228K-61.8% | $597K+71.1% | $349K+296.2% | $88K-92.3% | $1.1M+1915.1% | $57K |
| Inventory | $39K-41.1% | $66K-52.0% | $138K+1.0% | $136K+84.4% | $74K | N/A | N/A | N/A |
| Accounts Receivable | $6K-68.0% | $17K | 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 | $15.3M-27.1% | $20.9M+3.1% | $20.3M+1.4% | $20.0M-1.9% | $20.4M-9.8% | $22.6M+3.3% | $21.9M+0.2% | $21.9M |
| Current Liabilities | $10.3M-36.4% | $16.1M-20.7% | $20.3M+1.4% | $20.0M-1.9% | $20.4M+724.8% | $2.5M+22.9% | $2.0M-25.2% | $2.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $475K0.0% | $475K | N/A |
| Total Equity | -$10.9M+42.9% | -$19.0M-3.9% | -$18.3M-3.4% | -$17.7M+2.9% | -$18.3M-18.2% | -$15.4M-15.2% | -$13.4M-69.8% | -$7.9M |
| Retained Earnings | -$42.2M+13.1% | -$48.6M-79.4% | -$27.1M-2.2% | -$26.5M-2.7% | -$25.8M-48.2% | -$17.4M-14.0% | -$15.3M-128.1% | -$6.7M |
GTI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$306K+54.0% | -$665K-91.0% | -$348K+56.5% | -$801K-78.7% | -$448K+68.2% | -$1.4M-1473.4% | -$89K+91.7% | -$1.1M |
| Capital Expenditures | $401K+161648.8% | $248-98.8% | $20K+123.3% | $9K-94.6% | $166K+3295.9% | $5K-99.6% | $1.3M+31033.7% | $4K |
| Free Cash Flow | -$707K-6.3% | -$665K-80.6% | -$368K+54.5% | -$810K-31.8% | -$614K+56.5% | -$1.4M-4.5% | -$1.4M-24.6% | -$1.1M |
| Investing Cash Flow | -$401K-147930.6% | -$271+98.8% | -$23K-142.9% | -$9K+94.4% | -$166K-3295.9% | -$5K+99.6% | -$1.3M-31033.7% | -$4K |
| Financing Cash Flow | $742K+54.6% | $480K+82972.0% | -$579-100.1% | $1.1M+68.2% | $647K+72.9% | $374K-85.3% | $2.5M+123.4% | $1.1M |
| 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 |
GTI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | -54.1% | 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 | N/A | N/A | -29.2%+0.7pp | -29.9% | N/A | -28.1%+139.6pp | -167.6%-164.7pp | -2.9% |
| Current Ratio | 0.020.0 | 0.030.0 | 0.03-0.0 | 0.04+0.0 | 0.03-0.1 | 0.17-0.6 | 0.81+0.8 | 0.01 |
| Debt-to-Equity | -1.40-0.3 | -1.100.0 | -1.11+0.0 | -1.13-0.0 | -1.12-1.1 | -0.030.0 | -0.04+2.7 | -2.77 |
| FCF Margin | N/A | -1348.6% | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$10.9M), 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.
Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Graphjet Technology's annual revenue?
Graphjet Technology (GTI) reported $93K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Graphjet Technology profitable?
No, Graphjet Technology (GTI) reported a net income of -$16.4M in fiscal year 2025, with a net profit margin of -17688.6%.
What is Graphjet Technology's gross margin?
Graphjet Technology (GTI) had a gross margin of -108.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Graphjet Technology's net profit margin?
Graphjet Technology (GTI) had a net profit margin of -17688.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Graphjet Technology's free cash flow?
Graphjet Technology (GTI) generated -$2.5M in free cash flow during fiscal year 2025. This represents a 42.9% 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.
What is Graphjet Technology's operating cash flow?
Graphjet Technology (GTI) generated -$2.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Graphjet Technology's total assets?
Graphjet Technology (GTI) had $4.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Graphjet Technology's capital expenditures?
Graphjet Technology (GTI) invested $431K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Graphjet Technology's current ratio?
Graphjet Technology (GTI) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Graphjet Technology's debt-to-equity ratio?
Graphjet Technology (GTI) had a debt-to-equity ratio of -1.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Graphjet Technology's return on assets (ROA)?
Graphjet Technology (GTI) had a return on assets of -374.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Graphjet Technology's cash runway?
Based on fiscal year 2025 data, Graphjet Technology (GTI) had $7K in cash against an annual operating cash burn of $2.1M. 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 Graphjet Technology's debt-to-equity ratio negative or unusual?
Graphjet Technology (GTI) has negative shareholder equity of -$10.9M 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 Graphjet Technology's Piotroski F-Score?
Graphjet Technology (GTI) has a Piotroski F-Score of 1 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 Graphjet Technology's earnings high quality?
Graphjet Technology (GTI) has an earnings quality ratio of 0.13x, 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 Graphjet Technology?
Graphjet Technology (GTI) 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.