GLOBAL GAS WT 28 (HGASW) Financials

HGASW

FY2025 annual

Revenue $33K YoY not available

Net Income $24K +118.6% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow -$63K YoY not available

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HGASW SEC filings page.

GLOBAL GAS WT 28 (HGASW) reported $33K in revenue for fiscal year 2025. This page shows its 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).

Rhea AI HGASW FY2025 2026-10-03

Reported profit is disconnected from operations: tiny revenue, outsized overhead, negative equity, and short-term funding pressure.

In FY2025, the company reported net income of $24K despite an operating loss of $166K, so the positive bottom line did not come from operating activity. Operating cash flow was -$63K, reinforcing that reported earnings did not convert into cash from the business itself.

Revenue was $33K while SG&A was $199K, making overhead about 6.0x reported sales; the cost base overwhelms the measured activity rather than benefiting from scale.

FY2025 liabilities of $351.7K exceeded assets of $55K, leaving negative equity. A current ratio of 0.2x means reported current assets were only a fraction of current liabilities, indicating substantial short-term balance-sheet pressure.

Financial Health Signals

Financial health score not available

GLOBAL GAS WT 28 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

2/5

GLOBAL GAS WT 28 passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing

$2.60used

For every $1 of reported earnings, GLOBAL GAS WT 28 used $2.60 of operating cash (-$63K OCF vs $24K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

GLOBAL GAS WT 28 reported an operating loss of $166K against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Net Income

-$50K

YoY-129.6%

QoQ-171.8%

GLOBAL GAS WT 28 reported -$50K in net income in Q2 2026. This represents a decrease of 129.6% from the same quarter a year earlier. Against the prior quarter it is down 171.8%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$939

YoY-98.9%

QoQ-82.8%

5Y CAGR-69.0%

GLOBAL GAS WT 28 held $939 in cash as of Q2 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

HGASW 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.

HGASW quarterly income statement

Metric	FY2510-K	FY2410-K	FY2210-K	FY2110-K
Revenue	$33K	N/A	N/A	N/A
SG&A Expenses	$199K-63.9%	$552K	$0-100.0%	$20K
Operating Income	-$166K+69.9%	-$552K	N/A	N/A
Interest Expense	$9K	$0	N/A	N/A
Income Tax	$11K	N/A	$79K	N/A
Net Income	$24K+118.6%	-$131K	$6.6M+18.3%	$5.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	N/A	N/A	N/A	N/A	N/A	$33K	N/A	N/A
SG&A Expenses	$21K-42.2%	$17K-73.3%	N/A	$142K+17.4%	$36K-49.6%	$62K-19.5%	N/A	$121K-8.8%
Operating Income	-$21K+42.2%	-$17K+43.0%	N/A	-$142K-17.4%	-$36K+49.6%	-$29K+62.3%	N/A	-$121K+8.8%
Interest Expense	$2K-49.7%	$2K-22.4%	N/A	$1K	$4K	$3K	N/A	$0
Net Income	-$50K-129.6%	-$18K+36.0%	N/A	-$161K-30.0%	$168K-58.6%	-$29K+84.0%	N/A	-$124K+6.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

HGASW Balance Sheet

HGASW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2210-K	FY2110-K
Total Assets	$55K-54.1%	$121K	$14.7M-91.5%	$172.8M
Current Assets	$55K-54.1%	$121K	$2.8M+1218.4%	$209K
Cash & Equivalents	$49K-57.3%	$114K	$313-99.7%	$116K
Short-Term Investments	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0
Total Liabilities	$352K-37.9%	$567K	$16.7M-91.1%	$187.1M
Current Liabilities	$336K-37.8%	$540K	$4.8M+148.0%	$1.9M
Non-Current Liabilities	$16K-40.0%	$27K	$12.0M-93.5%	$185.1M
Total Equity	-$296K+33.5%	-$446K	-$2.0M+86.0%	-$14.3M
Retained Earnings	-$422K+5.4%	-$447K	-$2.0M+86.0%	-$14.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$16K-83.7%	$8K-89.4%	$55K-54.1%	$59K-86.6%	$98K-83.9%	$77K-77.2%	$121K-89.8%	$442K-96.4%
Current Assets	$16K-83.7%	$8K-89.4%	$55K-54.1%	$59K-86.6%	$98K-83.9%	$77K-77.2%	$121K-89.8%	$442K+1959.9%
Cash & Equivalents	$939-98.9%	$5K-92.6%	$49K-57.3%	$48K-74.9%	$84K-75.3%	$74K-74.2%	$114K-90.4%	$192K+13273.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$380K-2.9%	$323K-40.7%	$352K-37.9%	$401K-49.7%	$392K-53.6%	$545K-51.6%	$567K-70.5%	$799K-93.6%
Current Liabilities	$340K-8.9%	$308K-41.0%	$336K-37.8%	$366K-49.4%	$373K-52.0%	$522K-10.7%	$540K-63.7%	$724K-64.2%
Non-Current Liabilities	$40K+114.3%	$15K-35.3%	$16K-40.0%	$35K-52.7%	$19K-72.5%	$23K-95.8%	$27K-93.8%	$74K-99.3%
Total Equity	-$364K-24.1%	-$315K+32.8%	-$296K+33.5%	-$343K+4.0%	-$293K-26.0%	-$468K+40.7%	-$446K+39.3%	-$357K+4.4%
Retained Earnings	-$490K-59.5%	-$441K+7.3%	-$422K+5.4%	-$469K-137.4%	-$307K-318.4%	-$475K+0.7%	-$447K-48.8%	-$197K+92.6%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

HGASW Cash Flow Statement

HGASW quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2210-K	FY2110-K
Operating Cash Flow	-$63K	N/A	-$302K+66.5%	-$904K
Stock-Based Compensation	$125K-13.3%	$144K	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	$79K
Financing Cash Flow	-$2K-100.8%	$275K	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$26K-332.7%	N/A	$406+100.5%	-$35K+75.8%	$11K+111.5%	-$39K+96.1%	-$78K-25.1%	-$146K-352.5%
Stock-Based Compensation	$0	$0-100.0%	N/A	$112K	$0	$7K	N/A	N/A
Financing Cash Flow	N/A	N/A	$0+100.0%	$0	-$2K-101.0%	-$707-100.6%	-$145-100.0%	$0-100.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.

HGASW 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.

HGASW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2210-K	FY2110-K
Operating Margin	-503.6%	N/A	N/A	N/A
Net Margin	73.7%	N/A	N/A	N/A
Return on Assets	43.9%+152.2pp	-108.3%	44.6%+41.4pp	3.2%
Current Ratio	0.17-0.1x	0.22	0.58+0.5x	0.11
Asset Turnover	0.60	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	N/A	N/A	N/A	N/A	N/A	-88.2%	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	-86.5%	N/A	N/A
Return on Assets	-309.3%-479.8pp	-224.5%-187.2pp	N/A	-273.2%-245.2pp	170.5%+104.3pp	-37.3%+15.9pp	N/A	-28.1%-27.0pp
Current Ratio	0.05-0.2x	0.03-0.1x	0.17-0.1x	0.16-0.4x	0.26-0.5x	0.15-0.4x	0.22-0.6x	0.61+0.6x
Asset Turnover	N/A	N/A	N/A	N/A	N/A	0.43	N/A	N/A

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, FCF Margin.

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.

Where GLOBAL GAS WT 28 Ranks

Frequently Asked Questions

What is GLOBAL GAS WT 28's annual revenue?

GLOBAL GAS WT 28 (HGASW) 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 WT 28 profitable?

Yes, GLOBAL GAS WT 28 (HGASW) reported a net income of $24K in fiscal year 2025, with a net profit margin of 73.7%.

What is GLOBAL GAS WT 28's net profit margin?

GLOBAL GAS WT 28 (HGASW) 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 WT 28's operating cash flow?

GLOBAL GAS WT 28 (HGASW) recorded an outflow of $63K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are GLOBAL GAS WT 28's total assets?

GLOBAL GAS WT 28 (HGASW) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.

What is GLOBAL GAS WT 28's current ratio?

GLOBAL GAS WT 28 (HGASW) 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 WT 28's return on assets (ROA)?

GLOBAL GAS WT 28 (HGASW) had a return on assets of 43.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is GLOBAL GAS WT 28's debt-to-equity ratio negative or not reported?

GLOBAL GAS WT 28 (HGASW) has negative shareholder equity of -$296K 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.

What is GLOBAL GAS WT 28's Piotroski F-Score?

GLOBAL GAS WT 28 (HGASW) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 WT 28's earnings high quality?

For every $1 of reported earnings, GLOBAL GAS WT 28 (HGASW) used $2.60 of operating cash (-$63K OCF vs $24K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 WT 28 cover its interest payments?

GLOBAL GAS WT 28 (HGASW) reported an operating loss of $166K against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.