What is Here Group Limited's earnings per share (EPS)?

Here Group Limited (HERE) reported diluted earnings per share of $0.30 for fiscal year 2025. This represents a -3.2% 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.

Here Group Limited Financials

HERE

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

This page shows Here Group Limited (HERE) 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).

Rhea AI HERE FY2025 2026-04-22

A leaner operating model is letting Here Group protect profitability even as its revenue base shrinks materially.

In the latest year, revenue fell back to $380.5M, below an earlier level of $424.9M. Yet operating margin reached 14.6% after once sitting at -3.7%, which suggests the company has lowered its breakeven point: it now needs much less revenue to stay profitable, so earnings are less tied to sales volume than they used to be.

Cash of $115.9M slightly exceeded total liabilities of $101.7M. Combined with a current ratio of 2.1x and a much lighter debt-to-equity burden than earlier, that points to a balance sheet funded more by internally generated resources than by outside capital, giving management more flexibility in how it uses cash.

Free cash flow was $25.2M on operating cash flow of $25.7M, so almost all operating cash survived after reinvestment. With capital spending only $432K, this looks like a low-capital-intensity model; the more important test of earnings quality is cash conversion, because operating cash still trails net income even though the business does not need heavy spending just to maintain itself.

Financial Health Signals

Financial Profile 54/100

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 Here Group Limited'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.

Profitability

Here Group Limited has an operating margin of 14.6%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is up from 9.9% the prior year.

Growth

Here Group Limited's revenue declined 27.1% year-over-year, from $522.3M to $380.5M. This contraction results in a growth score of 24/100.

Leverage

Here Group Limited carries a low D/E ratio of 0.90, meaning only $0.90 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Here Group Limited's current ratio of 2.14 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Here Group Limited has a free cash flow margin of 6.6%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Here Group Limited earns a strong 44.3% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 89/100. This is down from 74.6% the prior year.

Altman Z-Score Safe

3.50

Here Group Limited scores 3.50, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

Here Group Limited passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.51x

For every $1 of reported earnings, Here Group Limited generates $0.51 in operating cash flow ($25.7M OCF vs $50.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$380.5M

YoY-27.1%

Here Group Limited generated $380.5M in revenue in fiscal year 2025. This represents a decrease of 27.1% from the prior year.

EBITDA

$56.6M

YoY+7.6%

Here Group Limited's EBITDA was $56.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.6% from the prior year.

Net Income

$50.1M

YoY-5.6%

Here Group Limited reported $50.1M in net income in fiscal year 2025. This represents a decrease of 5.6% from the prior year.

EPS (Diluted)

$0.30

YoY-3.2%

Here Group Limited earned $0.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$25.2M

YoY-34.3%

Here Group Limited generated $25.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 34.3% from the prior year.

Cash & Debt

$115.9M

YoY+6.4%

Here Group Limited held $115.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

81.5%

YoY-4.0pp

Here Group Limited's gross margin was 81.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.0 percentage points from the prior year.

Operating Margin

14.6%

YoY+4.6pp

Here Group Limited's operating margin was 14.6% in fiscal year 2025, reflecting core business profitability. This is up 4.6 percentage points from the prior year.

Net Margin

13.2%

YoY+3.0pp

Here Group Limited's net profit margin was 13.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

44.3%

YoY-30.3pp

Here Group Limited's ROE was 44.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 30.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$13.8M

YoY-31.0%

Here Group Limited invested $13.8M in research and development in fiscal year 2025. This represents a decrease of 31.0% from the prior year.

Share Buybacks

$20K

YoY+0.0%

Here Group Limited spent $20K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

$432K

YoY-13.8%

Here Group Limited invested $432K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.8% from the prior year.

HERE Income Statement

Metric	FY25	FY24	FY23
Revenue	$380.5M-27.1%	$522.3M+22.9%	$424.9M
Cost of Revenue	$70.3M-7.1%	$75.7M+40.3%	$54.0M
Gross Profit	$310.2M-30.5%	$446.5M+20.4%	$371.0M
R&D Expenses	$13.8M-31.0%	$19.9M-34.2%	$30.3M
SG&A Expenses	$16.1M-7.1%	$17.3M-28.4%	$24.2M
Operating Income	$55.4M+6.7%	$51.9M+431.4%	-$15.7M
Interest Expense	N/A	N/A	N/A
Income Tax	$15.8M+265.6%	$4.3M+44.2%	$3.0M
Net Income	$50.1M-5.6%	$53.0M+454.4%	-$15.0M
EPS (Diluted)	$0.30-3.2%	$0.31+282.4%	$-0.17

Metric	Q4'25	Q4'24	Q4'23
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

HERE Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$231.9M+18.2%	$196.2M+16.3%	$168.7M
Current Assets	$183.3M+0.2%	$182.9M+19.6%	$152.9M
Cash & Equivalents	$115.9M+6.4%	$108.9M+3.5%	$105.2M
Inventory	$3.0M+243.2%	$873K	N/A
Accounts Receivable	$6.4M+179.1%	$2.3M+35.9%	$1.7M
Goodwill	$26.2M	N/A	N/A
Total Liabilities	$101.7M-18.7%	$125.2M-9.0%	$137.6M
Current Liabilities	$85.7M-28.4%	$119.7M-8.2%	$130.3M
Long-Term Debt	N/A	N/A	N/A
Total Equity	$112.9M+58.9%	$71.1M+130.4%	$30.9M
Retained Earnings	-$31.5M+60.9%	-$80.4M+39.9%	-$133.7M

Metric	Q4'25	Q4'24	Q4'23
Total Assets	$231.9M+18.2%	$196.2M+16.3%	$168.7M
Current Assets	$183.3M+0.2%	$182.9M+19.6%	$152.9M
Cash & Equivalents	$115.9M+6.4%	$108.9M+3.5%	$105.2M
Inventory	$3.0M+243.2%	$873K	N/A
Accounts Receivable	$6.4M+179.1%	$2.3M+35.9%	$1.7M
Goodwill	$26.2M	N/A	N/A
Total Liabilities	$101.7M-18.7%	$125.2M-9.0%	$137.6M
Current Liabilities	$85.7M-28.4%	$119.7M-8.2%	$130.3M
Long-Term Debt	N/A	N/A	N/A
Total Equity	$112.9M+58.9%	$71.1M+130.4%	$30.9M
Retained Earnings	-$31.5M+60.9%	-$80.4M+39.9%	-$133.7M

HERE Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	$25.7M-34.0%	$38.9M+19.7%	$32.5M
Capital Expenditures	$432K-13.8%	$501K-36.9%	$794K
Free Cash Flow	$25.2M-34.3%	$38.4M+21.1%	$31.7M
Investing Cash Flow	-$896K+95.1%	-$18.3M-65353.6%	$28K
Financing Cash Flow	-$14.7M+17.7%	-$17.9M-152.4%	$34.2M
Dividends Paid	$10.9M	N/A	N/A
Share Buybacks	$20K0.0%	$20K0.0%	$20K

Metric	Q4'25	Q4'24	Q4'23
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

HERE Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	81.5%-4.0pp	85.5%-1.8pp	87.3%
Operating Margin	14.6%+4.6pp	9.9%+13.6pp	-3.7%
Net Margin	13.2%+3.0pp	10.2%+13.7pp	-3.5%
Return on Equity	44.3%-30.3pp	74.6%+123.2pp	-48.5%
Return on Assets	21.6%-5.4pp	27.0%+35.9pp	-8.9%
Current Ratio	2.14+0.6	1.53+0.4	1.17
Debt-to-Equity	0.90-0.9	1.76-2.7	4.46
FCF Margin	6.6%-0.7pp	7.3%-0.1pp	7.5%

Metric	Q4'25	Q4'24	Q4'23
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	2.14+0.6	1.53+0.4	1.17
Debt-to-Equity	0.90-0.9	1.76-2.7	4.46
FCF Margin	N/A	N/A	N/A

Frequently Asked Questions

What is Here Group Limited's annual revenue?

Here Group Limited (HERE) reported $380.5M in total revenue for fiscal year 2025. This represents a -27.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Here Group Limited's revenue growing?

Here Group Limited (HERE) revenue declined by 27.1% year-over-year, from $522.3M to $380.5M in fiscal year 2025.

Is Here Group Limited profitable?

Yes, Here Group Limited (HERE) reported a net income of $50.1M in fiscal year 2025, with a net profit margin of 13.2%.

What is Here Group Limited's EBITDA?

Here Group Limited (HERE) had EBITDA of $56.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Here Group Limited's gross margin?

Here Group Limited (HERE) had a gross margin of 81.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Here Group Limited's operating margin?

Here Group Limited (HERE) had an operating margin of 14.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Here Group Limited's net profit margin?

Here Group Limited (HERE) had a net profit margin of 13.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Here Group Limited's return on equity (ROE)?

Here Group Limited (HERE) has a return on equity of 44.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Here Group Limited's free cash flow?

Here Group Limited (HERE) generated $25.2M in free cash flow during fiscal year 2025. This represents a -34.3% 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 Here Group Limited's operating cash flow?

Here Group Limited (HERE) generated $25.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Here Group Limited's total assets?

Here Group Limited (HERE) had $231.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Here Group Limited's capital expenditures?

Here Group Limited (HERE) invested $432K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Here Group Limited spend on research and development?

Here Group Limited (HERE) invested $13.8M in research and development during fiscal year 2025.

Does Here Group Limited buy back shares?

Yes, Here Group Limited (HERE) spent $20K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Here Group Limited's current ratio?

Here Group Limited (HERE) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.

What is Here Group Limited's debt-to-equity ratio?

Here Group Limited (HERE) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Here Group Limited's return on assets (ROA)?

Here Group Limited (HERE) had a return on assets of 21.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Here Group Limited's Altman Z-Score?

Here Group Limited (HERE) has an Altman Z-Score of 3.50, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Here Group Limited's Piotroski F-Score?

Here Group Limited (HERE) 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 Here Group Limited's earnings high quality?

Here Group Limited (HERE) has an earnings quality ratio of 0.51x, considered mixed quality. 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 Here Group Limited?

Here Group Limited (HERE) scores 54 out of 100 on our Financial Profile, indicating moderate 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.