Global Gas Corporation Financials
This page shows Global Gas Corporation (HGAS) 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).
Global Gas's visible operating mechanic is shrinking balance-sheet capacity while reported earnings still fail to turn into usable cash.
Reported profit and cash generation keep diverging: FY2025 showed net income of$24K on just$33K of revenue, yet operating cash flow was-$63K . The same profit-without-cash pattern also appeared in FY2021 and FY2022, so the positive earnings line has not been a dependable sign that the business can consistently fund itself from operations.
By FY2025, liquidity was extremely thin:
Scale has contracted sharply without fixing the capital structure. Total assets dropped from
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 Global Gas Corporation'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.
Global Gas Corporation has an operating margin of -503.6%, meaning the company retains $-504 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Global Gas Corporation's current ratio of 0.17 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Global Gas Corporation passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Global Gas Corporation generates $-2.60 in operating cash flow (-$63K OCF vs $24K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Global Gas Corporation earns $-18.2 in operating income for every $1 of interest expense (-$166K vs $9K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Global Gas Corporation generated $33K in revenue in fiscal year 2025.
Global Gas Corporation reported $24K in net income in fiscal year 2025. This represents an increase of 118.6% from the prior year.
Cash & Balance Sheet
Global Gas Corporation held $49K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Global Gas Corporation's operating margin was -503.6% in fiscal year 2025, reflecting core business profitability.
Global Gas Corporation's net profit margin was 73.7% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
HGAS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $33K | 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $17K | N/A | $142K+297.4% | $36K-42.4% | $62K | N/A | $121K+70.5% | $71K |
| Operating Income | -$17K | N/A | -$142K-297.4% | -$36K-23.0% | -$29K | N/A | -$121K-70.5% | -$71K |
| Interest Expense | $2K | N/A | $1K+1.2% | $1K-52.1% | $3K | N/A | $0 | $0 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$18K | N/A | -$161K-196.0% | $168K+688.1% | -$29K | N/A | -$124K-130.6% | $405K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HGAS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8K-85.3% | $55K-6.1% | $59K-40.1% | $98K+28.5% | $77K-36.5% | $121K-72.7% | $442K-27.9% | $612K |
| Current Assets | $8K-85.3% | $55K-6.1% | $59K-40.1% | $98K+28.5% | $77K-36.5% | $121K-72.7% | $442K-27.9% | $612K |
| Cash & Equivalents | $5K-88.8% | $49K+0.8% | $48K-42.3% | $84K+13.2% | $74K-35.1% | $114K-40.7% | $192K-43.2% | $339K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | 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 | $323K-8.2% | $352K-12.4% | $401K+2.4% | $392K-28.0% | $545K-3.9% | $567K-29.0% | $799K-5.5% | $845K |
| Current Liabilities | $308K-8.2% | $336K-8.4% | $366K-1.8% | $373K-28.5% | $522K-3.3% | $540K-25.5% | $724K-6.7% | $777K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$315K-6.2% | -$296K+13.5% | -$343K-16.7% | -$293K+37.3% | -$468K-4.9% | -$446K-24.9% | -$357K-53.2% | -$233K |
| Retained Earnings | -$441K-4.3% | -$422K+9.9% | -$469K-52.4% | -$307K+35.3% | -$475K-6.4% | -$447K-126.3% | -$197K-168.7% | -$73K |
HGAS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | $406+101.1% | -$35K-415.4% | $11K+128.5% | -$39K+49.6% | -$78K+46.6% | -$146K-49.7% | -$98K |
| 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 | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $0 | $0+100.0% | -$2K-112.2% | -$707-387.6% | -$145 | $0-100.0% | $150K |
| 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 |
HGAS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -88.2% | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -86.5% | 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 | -224.5% | N/A | -273.2%-443.7pp | 170.5%+207.8pp | -37.3% | N/A | -28.1%-94.3pp | 66.2% |
| Current Ratio | 0.03-0.1 | 0.170.0 | 0.16-0.1 | 0.26+0.1 | 0.15-0.1 | 0.22-0.4 | 0.61-0.2 | 0.79 |
| Debt-to-Equity | -1.03+0.2 | -1.19-0.0 | -1.17+0.2 | -1.34-0.2 | -1.16+0.1 | -1.27+1.0 | -2.24+1.4 | -3.63 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$296K), 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 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Global Gas Corporation's annual revenue?
Global Gas Corporation (HGAS) reported $33K 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 Global Gas Corporation profitable?
Yes, Global Gas Corporation (HGAS) reported a net income of $24K in fiscal year 2025, with a net profit margin of 73.7%.
What is Global Gas Corporation's operating margin?
Global Gas Corporation (HGAS) had an operating margin of -503.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Global Gas Corporation's net profit margin?
Global Gas Corporation (HGAS) had a net profit margin of 73.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Gas Corporation's operating cash flow?
Global Gas Corporation (HGAS) generated -$63K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Gas Corporation's total assets?
Global Gas Corporation (HGAS) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Global Gas Corporation's current ratio?
Global Gas Corporation (HGAS) had a current ratio of 0.17 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Gas Corporation's debt-to-equity ratio?
Global Gas Corporation (HGAS) had a debt-to-equity ratio of -1.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Gas Corporation's return on assets (ROA)?
Global Gas Corporation (HGAS) had a return on assets of 43.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Gas Corporation's cash runway?
Based on fiscal year 2025 data, Global Gas Corporation (HGAS) had $49K in cash against an annual operating cash burn of $63K. This gives an estimated cash runway of approximately 9 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 Global Gas Corporation's debt-to-equity ratio negative or unusual?
Global Gas Corporation (HGAS) has negative shareholder equity of -$296K 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 Global Gas Corporation's Piotroski F-Score?
Global Gas Corporation (HGAS) has a Piotroski F-Score of 2 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 Global Gas Corporation's earnings high quality?
Global Gas Corporation (HGAS) has an earnings quality ratio of -2.60x, 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.
Can Global Gas Corporation cover its interest payments?
Global Gas Corporation (HGAS) has an interest coverage ratio of -18.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Global Gas Corporation?
Global Gas Corporation (HGAS) 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.