Hadron Energy Warrant (HDRNW) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HDRNW SEC filings page.
Hadron Energy, Inc. Warrant (HDRNW) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings.
The reported balance sheet is dominated by liabilities, with negative equity and very limited current-asset coverage of near-term obligations.
Total liabilities of$63.9M exceed total assets of$4.1M , producing reported equity of-$59.8M ; this is a balance-sheet structure financed more by obligations than owned assets.
Current assets of
The filing provides no usable operating profit or cash-flow figures for FY2025, so the available evidence supports a solvency and liquidity reading rather than an assessment of operating performance.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We do not publish a peer-relative financial health score for Hadron Energy, Inc. Warrant, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Hadron Energy, Inc. Warrant's EBITDA was -$6.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Hadron Energy, Inc. Warrant reported a net loss of $5.4M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 130.9%.
Hadron Energy, Inc. Warrant earned -$0.08 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Cash & Balance Sheet
Hadron Energy, Inc. Warrant recorded an outflow of $2.5M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Hadron Energy, Inc. Warrant held $19.7M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Margins & Returns
Hadron Energy, Inc. Warrant's quarterly ROE was -33.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 124.8 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Hadron Energy, Inc. Warrant invested $1.3M in research and development in Q3 2026. This represents an increase of 556.4% from the same quarter a year earlier. Against the prior quarter it is up 10.9%.
Hadron Energy, Inc. Warrant reported no capital expenditure in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q3 2026.
HDRNW 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $0n/m | $0 | $0n/m | $0n/m | $0 | N/A |
| R&D Expenses | $1.3M+556.4% | $1.2M+4708.3% | N/A | N/A | $195K | $24K | N/A | N/A |
| SG&A Expenses | $2.3M+150.9% | $2.0M+431.6% | N/A | N/A | $930K+335.1% | $373K+479.2% | N/A | N/A |
| Operating Income | -$6.0Mn/m | -$6.1Mn/m | N/A | N/A | -$2.6Mn/m | -$993Kn/m | N/A | N/A |
| EBITDA | -$6.0Mn/m | N/A | N/A | N/A | -$2.6M | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | $15K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0n/m | $0n/m | N/A | N/A | $0n/m | $0n/m | N/A | N/A |
| Net Income | -$5.4Mn/m | $17.6Mn/m | $13.4Mn/m | N/A | -$24.2M-4063.7% | -$6.8Mn/m | -$220K | N/A |
| EPS (Basic) | -$0.08n/m | $0.30n/m | N/A | N/A | -$0.53 | -$0.15 | N/A | N/A |
| EPS (Diluted) | -$0.08n/m | -$0.03n/m | N/A | N/A | -$0.53 | -$0.15 | N/A | N/A |
| Diluted Shares (Avg) | 70M+52.8% | 59M+28.9% | N/A | N/A | 46M | 46M | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
HDRNW 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.5M-90.3% | $23.1M-88.9% | N/A | $4.1M | $210.2M+3.4% | $208.3M | $206.5M | N/A |
| Current Assets | $20.5M+3124.8% | $23.1M+2731.1% | N/A | $2.1M | $635K-71.8% | $816K | $1.2M | N/A |
| Cash & Equivalents | $19.7M+4751.2% | $22.2M+3538.0% | $55K-94.1% | $89K-93.4% | $405K-79.8% | $611K+908.3% | $926K | $1.3M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 |
| Total Liabilities | $4.3M-98.2% | $3.9M-98.2% | N/A | $63.9M | $239.9M+19.0% | $215.2M | $207.3M | N/A |
| Current Liabilities | $2.6M+117.0% | $1.7M+1250.9% | N/A | $17.5M | $1.2M+115.1% | $129K | $150K | N/A |
| Non-Current Liabilities | $1.7M-99.3% | $2.2M-99.0% | N/A | $46.4M | $238.7M+18.7% | $215.1M | $207.2M | N/A |
| Total Equity | $16.2Mn/m | $19.2Mn/m | -$43.7Mn/m | -$59.8Mn/m | -$29.7M-1855.2% | -$7.0M-18154.9% | -$802K | -$591K |
| Retained Earnings | -$46.9Mn/m | -$41.4M-16722.9% | N/A | -$72.4M | -$2.1M-490.9% | $249K | $836K | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
HDRNW 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -33.6% | 91.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -26.5%-14.9pp | 75.9%+79.2pp | N/A | N/A | -11.5%-11.8pp | -3.3% | -0.1% | N/A |
| Current Ratio | 7.88+7.4x | 13.26+6.9x | N/A | 0.12 | 0.53-3.5x | 6.33 | 7.94 | N/A |
| Liabilities-to-Equity | 0.27 | 0.20 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | N/A | N/A | N/A | 0.00 | 0.000.0x | 0.00 | 0.00 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$59.8M), which causes the debt-to-equity, liabilities-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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Hadron Energy, Inc. Warrant Ranks
Frequently Asked Questions
Hadron Energy, Inc. Warrant (HDRNW) reported $0 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.
Hadron Energy, Inc. Warrant (HDRNW) had $4.1M in total assets as of fiscal year 2025, including both current and long-term assets.
Hadron Energy, Inc. Warrant (HDRNW) had a current ratio of 0.12 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Hadron Energy, Inc. Warrant (HDRNW) has negative shareholder equity of -$59.8M as of fiscal year 2025, so no debt-to-equity or liabilities-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.