Global Gas Financials
This page shows Global Gas (HGASW) 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).
A tiny revenue base and negative equity show a business surviving on balance-sheet compression, not operating scale.
FY2025's accounting profit was not self-funding: net income of$24K arrived alongside an operating loss of$166K , operating cash outflow of$63K , and only$33K of revenue. That cash conversion gap means the positive bottom line came from items outside the core operating activity visible in sales.
The liquidity position is extremely thin: cash of
The balance sheet has shrunk dramatically 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'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 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'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 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 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 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 generated $33K in revenue in fiscal year 2025.
Global Gas 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 held $49K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Global Gas's operating margin was -503.6% in fiscal year 2025, reflecting core business profitability.
Global Gas's net profit margin was 73.7% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
HGASW 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 |
HGASW 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 |
HGASW 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 |
HGASW 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's annual revenue?
Global Gas (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 profitable?
Yes, Global Gas (HGASW) reported a net income of $24K in fiscal year 2025, with a net profit margin of 73.7%.
What is Global Gas's operating margin?
Global Gas (HGASW) 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's net profit margin?
Global Gas (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's operating cash flow?
Global Gas (HGASW) generated -$63K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Gas's total assets?
Global Gas (HGASW) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Global Gas's current ratio?
Global Gas (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's debt-to-equity ratio?
Global Gas (HGASW) 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's return on assets (ROA)?
Global Gas (HGASW) 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's cash runway?
Based on fiscal year 2025 data, Global Gas (HGASW) 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's debt-to-equity ratio negative or unusual?
Global Gas (HGASW) 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's Piotroski F-Score?
Global Gas (HGASW) 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's earnings high quality?
Global Gas (HGASW) 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 cover its interest payments?
Global Gas (HGASW) 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?
Global Gas (HGASW) 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.