Hi Great Financials

HIGR

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

This page shows Hi Great (HIGR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 HIGR FY2024 2026-04-22

Stable gross margins could not offset a shrinking revenue base, leaving the business reliant on creditors and non-cash charges.

FY2024's positive operating cash flow of $16K beside a net loss of -$49K does not mean the core business turned cash-generative. That gap was cushioned by non-cash charges such as $21K of depreciation, while gross margin stayed near 49.1%; the business is losing money because scale fell below its operating cost base, not because each sale became unattractive.

Balance-sheet pressure is immediate: current liabilities of $250K tower over current assets of $80K, so most obligations are due soon rather than spread across many years. With negative equity, that funding gap is being carried by creditors rather than by retained capital.

Inventory-heavy working capital is tying up the balance sheet: inventory reached $76K on only $69K of FY2024 revenue. When stock on hand roughly matches a full year of sales, cash can remain scarce even if the reported gross margin still looks serviceable.

Financial Health Signals

Financial Profile 17/100

Based on FY2024 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 Hi Great'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

Hi Great has an operating margin of -71.5%, meaning the company retains $-72 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. This is up from -109.1% the prior year.

Growth

Hi Great's revenue declined 36.8% year-over-year, from $109K to $69K. This contraction results in a growth score of 0/100.

Leverage

Hi Great has elevated debt relative to equity (D/E of -1.53), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Hi Great's current ratio of 0.32 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Neutral

5/9

Hi Great passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.33x

For every $1 of reported earnings, Hi Great generates $-0.33 in operating cash flow ($16K OCF vs -$49K 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

$69K

YoY-36.8%

Hi Great generated $69K in revenue in fiscal year 2024. This represents a decrease of 36.8% from the prior year.

EBITDA

-$29K

YoY+68.6%

Hi Great's EBITDA was -$29K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.6% from the prior year.

Net Income

-$49K

YoY+60.1%

Hi Great reported -$49K in net income in fiscal year 2024. This represents an increase of 60.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2K

YoY+183.4%

Hi Great held $2K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

100M

YoY+0.0%

Hi Great had 100M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

49.1%

YoY+2.6pp

Hi Great's gross margin was 49.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin

-71.5%

YoY+37.6pp

Hi Great's operating margin was -71.5% in fiscal year 2024, reflecting core business profitability. This is up 37.6 percentage points from the prior year.

Net Margin

-70.2%

YoY+41.0pp

Hi Great's net profit margin was -70.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 41.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

HIGR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$69K-36.8%	$109K-47.3%	$208K-21.3%	$264K+37.3%	$192K
Cost of Revenue	$18K-42.5%	$31K-48.7%	$61K-31.8%	$89K+72.7%	$52K
Gross Profit	$34K-33.3%	$51K-46.4%	$95K-12.8%	$109K+13.6%	$96K
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$13K-76.7%	$55K+160.9%	$21K+16.3%	$18K-55.8%	$41K
Operating Income	-$50K+58.6%	-$119K-3720.7%	$3K+14.3%	$3K+125.6%	-$11K
Interest Expense	N/A	$2K	N/A	$307-57.0%	$714
Income Tax	N/A	N/A	N/A	N/A	$800
Net Income	-$49K+60.1%	-$122K-3789.6%	$3K+28.0%	$3K+120.2%	-$13K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$16K+52.9%	$10K+14.1%	$9K-34.2%	$14K-56.9%	$31K+105.3%	$15K+68.8%	$9K+34.9%	$7K
Cost of Revenue	$4K+96.1%	$2K-6.8%	$2K-40.8%	$4K-52.1%	$8K+92.2%	$4K+80.3%	$2K+23.7%	$2K
Gross Profit	$7K+25.5%	$6K+300.2%	$1K-78.0%	$6K-61.0%	$16K+118.4%	$7K+76.6%	$4K+188.1%	$1K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6K-31.9%	$9K+139.0%	$4K-12.1%	$4K+56.1%	$3K-25.9%	$4K+141.4%	$2K-94.0%	$26K
Operating Income	-$8K+51.4%	-$17K+12.0%	-$19K-245.4%	-$6K+59.1%	-$14K+29.1%	-$19K-79.1%	-$11K+64.4%	-$30K
Interest Expense	N/A	N/A	N/A	N/A	$5690.0%	$5690.0%	$569	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$8K+51.4%	-$17K+10.0%	-$19K-237.6%	-$6K+60.8%	-$14K+28.3%	-$20K-127.1%	-$9K+71.1%	-$30K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HIGR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$87K-8.9%	$95K-47.6%	$182K-37.3%	$290K+46.6%	$198K
Current Assets	$80K+18.0%	$68K-45.8%	$125K-28.6%	$175K+144.2%	$72K
Cash & Equivalents	$2K+183.4%	-$3K-108.4%	$31K-73.0%	$113K+370.7%	$24K
Inventory	$76K+40.8%	$54K-36.6%	$85K+37.2%	$62K+30.2%	$48K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$250K+25.9%	$199K+12.9%	$176K-38.4%	$285K+35.3%	$211K
Current Liabilities	$250K+40.7%	$177K+32.8%	$134K-29.3%	$189K+64.8%	$115K
Long-Term Debt	N/A	N/A	N/A	N/A	$150K
Total Equity	-$163K-58.0%	-$103K-1774.4%	$6K+27.2%	$5K+137.3%	-$13K
Retained Earnings	-$893K-7.2%	-$833K-15.1%	-$723K+0.2%	-$725K+1.1%	-$733K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$72K+4.7%	$69K-2.9%	$71K-18.2%	$87K+43.5%	$61K-3.9%	$63K-23.6%	$82K-13.5%	$95K
Current Assets	$72K+4.7%	$69K-2.9%	$71K-11.2%	$80K+71.0%	$47K-5.0%	$49K-10.3%	$55K-19.0%	$68K
Cash & Equivalents	$8K+3497.3%	$222+7.2%	$207-90.3%	$2K+822.4%	$232+100.0%	$116-93.1%	$2K+165.7%	-$3K
Inventory	$64K-6.5%	$69K-2.9%	$71K-6.9%	$76K+83.4%	$42K-12.4%	$47K-7.9%	$51K-4.8%	$54K
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	$277K+4.3%	$266K+4.9%	$253K+1.2%	$250K+12.9%	$222K+5.6%	$210K+7.1%	$196K-1.5%	$199K
Current Liabilities	$277K+4.3%	$266K+4.9%	$253K+1.4%	$250K+30.6%	$191K+1.5%	$188K+7.9%	$175K-1.6%	$177K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$205K-4.2%	-$197K-8.0%	-$182K-11.6%	-$163K-1.4%	-$161K-9.8%	-$147K-27.8%	-$115K-11.0%	-$103K
Retained Earnings	-$937K-0.9%	-$929K-1.9%	-$912K-2.1%	-$893K-2.9%	-$868K-0.6%	-$862K-2.3%	-$843K-1.2%	-$833K

HIGR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$16K+139.9%	-$40K+52.2%	-$85K-209.1%	$78K+1239.0%	-$7K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$21K-29.8%	$29K-49.3%	$58K+415.6%	$11K	N/A
Financing Cash Flow	-$35K-77.0%	-$20K+65.0%	-$56K-19470.2%	$289-97.1%	$10K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$8K+412.6%	-$2K+70.4%	-$8K-161.6%	$14K+581.2%	-$3K-204.4%	$3K+2.6%	$3K+108.0%	-$33K
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	$0	$0-100.0%	$7K	$0-100.0%	$7K0.0%	$7K0.0%	$7K	N/A
Financing Cash Flow	$0-100.0%	$3K+670.8%	-$438+96.9%	-$14K-272.4%	-$4K+45.5%	-$7K+26.2%	-$10K-30.1%	-$7K
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

HIGR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	49.1%+2.6pp	46.5%+0.8pp	45.7%+4.5pp	41.2%-8.6pp	49.8%
Operating Margin	-71.5%+37.6pp	-109.1%-110.7pp	1.6%+0.5pp	1.1%+6.9pp	-5.9%
Net Margin	-70.2%+41.0pp	-111.2%-112.8pp	1.6%+0.6pp	1.0%+7.6pp	-6.6%
Return on Equity	N/A	N/A	53.5%+0.3pp	53.2%	N/A
Return on Assets	-55.9%+71.7pp	-127.6%-129.4pp	1.8%+0.9pp	0.9%+7.3pp	-6.5%
Current Ratio	0.32-0.1	0.38-0.6	0.940.0	0.93+0.3	0.63
Debt-to-Equity	-1.53+0.4	-1.92-30.4	28.52-30.3	58.86+70.4	-11.52
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	44.8%-9.8pp	54.6%+39.0pp	15.6%-31.0pp	46.6%-4.8pp	51.4%+3.1pp	48.3%+2.1pp	46.2%+24.6pp	21.6%
Operating Margin	-53.5%+114.7pp	-168.2%+50.0pp	-218.1%-176.6pp	-41.5%+2.2pp	-43.8%+83.0pp	-126.7%-7.3pp	-119.4%+333.0pp	-452.5%
Net Margin	-53.5%+114.7pp	-168.2%+45.0pp	-213.2%-171.7pp	-41.5%+4.0pp	-45.6%+84.9pp	-130.4%-33.5pp	-97.0%+355.5pp	-452.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-11.5%+13.2pp	-24.7%+2.0pp	-26.6%-20.2pp	-6.5%+17.1pp	-23.6%+8.0pp	-31.6%-21.0pp	-10.6%+21.2pp	-31.8%
Current Ratio	0.260.0	0.26-0.0	0.28-0.0	0.32+0.1	0.24-0.0	0.26-0.1	0.31-0.1	0.38
Debt-to-Equity	-1.350.0	-1.35+0.0	-1.39+0.1	-1.53-0.2	-1.38+0.1	-1.43+0.3	-1.71+0.2	-1.92
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$163K), 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 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Hi Great's annual revenue?

Hi Great (HIGR) reported $69K in total revenue for fiscal year 2024. This represents a -36.8% 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 Hi Great's revenue growing?

Hi Great (HIGR) revenue declined by 36.8% year-over-year, from $109K to $69K in fiscal year 2024.

Is Hi Great profitable?

No, Hi Great (HIGR) reported a net income of -$49K in fiscal year 2024, with a net profit margin of -70.2%.

What is Hi Great's EBITDA?

Hi Great (HIGR) had EBITDA of -$29K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Hi Great's gross margin?

Hi Great (HIGR) had a gross margin of 49.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Hi Great's operating margin?

Hi Great (HIGR) had an operating margin of -71.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Hi Great's net profit margin?

Hi Great (HIGR) had a net profit margin of -70.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Hi Great's operating cash flow?

Hi Great (HIGR) generated $16K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Hi Great's total assets?

Hi Great (HIGR) had $87K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Hi Great have outstanding?

Hi Great (HIGR) had 100M shares outstanding as of fiscal year 2024.

What is Hi Great's current ratio?

Hi Great (HIGR) had a current ratio of 0.32 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Hi Great's debt-to-equity ratio?

Hi Great (HIGR) had a debt-to-equity ratio of -1.53 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hi Great's return on assets (ROA)?

Hi Great (HIGR) had a return on assets of -55.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Hi Great's debt-to-equity ratio negative or unusual?

Hi Great (HIGR) has negative shareholder equity of -$163K as of fiscal year 2024, 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 Hi Great's Piotroski F-Score?

Hi Great (HIGR) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Hi Great's earnings high quality?

Hi Great (HIGR) has an earnings quality ratio of -0.33x, 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 Hi Great?

Hi Great (HIGR) scores 17 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.