HiTek Global Inc. Financials

HKIT

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

Financial Health Signals

Financial Profile 50/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

HiTek Global Inc. has an operating margin of -60.1%, meaning the company retains $-60 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 down from 2.2% the prior year.

Growth

HiTek Global Inc.'s revenue declined 36.3% year-over-year, from $4.6M to $2.9M. This contraction results in a growth score of 0/100.

Leverage

100

HiTek Global Inc. carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 13.08, HiTek Global Inc. holds $13.08 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Piotroski F-Score Weak

3/9

HiTek Global Inc. passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.77x

For every $1 of reported earnings, HiTek Global Inc. generates $0.77 in operating cash flow (-$689K OCF vs -$897K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-5.6x

HiTek Global Inc. earns $-5.6 in operating income for every $1 of interest expense (-$1.7M vs $314K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows HiTek Global Inc. (HKIT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$2.9M

YoY-36.3%

5Y CAGR-16.0%

HiTek Global Inc. generated $2.9M in revenue in fiscal year 2024. This represents a decrease of 36.3% from the prior year.

EBITDA

-$1.5M

YoY-1080.5%

HiTek Global Inc.'s EBITDA was -$1.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1080.5% from the prior year.

Free Cash Flow

N/A

Net Income

-$897K

YoY-185.6%

HiTek Global Inc. reported -$897K in net income in fiscal year 2024. This represents a decrease of 185.6% from the prior year.

EPS (Diluted)

$-0.04

YoY-150.0%

HiTek Global Inc. earned $-0.04 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 150.0% from the prior year.

Cash & Debt

$7.2M

YoY-22.3%

5Y CAGR+56.3%

HiTek Global Inc. held $7.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+0.0%

5Y CAGR+5.5%

HiTek Global Inc. had 14M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

34.6%

YoY-7.5pp

5Y CAGR-19.4pp

HiTek Global Inc.'s gross margin was 34.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 7.5 percentage points from the prior year.

Operating Margin

-60.1%

YoY-62.4pp

5Y CAGR-91.8pp

HiTek Global Inc.'s operating margin was -60.1% in fiscal year 2024, reflecting core business profitability. This is down 62.4 percentage points from the prior year.

Net Margin

-30.9%

YoY-53.8pp

5Y CAGR-60.0pp

HiTek Global Inc.'s net profit margin was -30.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 53.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

HKIT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.9M-36.3%	$4.6M-29.0%	$6.4M-0.5%	$6.5M+11.3%	$5.8M-16.3%	$6.9M
Cost of Revenue	$1.9M-28.1%	$2.6M-8.6%	$2.9M+12.0%	$2.6M-2.0%	$2.6M-17.4%	$3.2M
Gross Profit	$1.0M-47.6%	$1.9M-45.7%	$3.5M-8.8%	$3.9M+22.3%	$3.2M-15.3%	$3.7M
R&D Expenses	N/A	$38K-9.1%	$42K-3.7%	$44K+21.6%	$36K+41.8%	$25K
SG&A Expenses	$2.8M+51.2%	$1.8M+23.6%	$1.5M-13.4%	$1.7M+20.1%	$1.4M+15.8%	$1.2M
Operating Income	-$1.7M-1828.8%	$101K-93.8%	$1.6M-22.6%	$2.1M+19.9%	$1.8M-20.0%	$2.2M
Interest Expense	$314K0.0%	$314K+10.0%	$285K+4273.2%	$7K0.0%	$7K	N/A
Income Tax	$40K-92.7%	$547K+20.7%	$453K-16.5%	$543K+101.6%	$269K-20.6%	$339K
Net Income	-$897K-185.6%	$1.0M-26.0%	$1.4M-15.2%	$1.7M-1.2%	$1.7M-16.4%	$2.0M
EPS (Diluted)	$-0.04-150.0%	$0.08-38.5%	$0.13-13.3%	$0.150.0%	$0.15	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HKIT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$41.5M+17.3%	$35.4M+67.1%	$21.2M+23.7%	$17.1M+19.0%	$14.4M+25.4%	$11.5M
Current Assets	$34.2M+37.9%	$24.8M+121.6%	$11.2M-13.7%	$13.0M+20.3%	$10.8M+34.3%	$8.0M
Cash & Equivalents	$7.2M-22.3%	$9.3M+673.9%	$1.2M-42.5%	$2.1M+12.3%	$1.9M+139.8%	$776K
Inventory	$154K-29.6%	$220K-49.0%	$431K+5.3%	$409K+241.4%	$120K-76.6%	$513K
Accounts Receivable	$1.4M-34.6%	$2.1M-35.2%	$3.3M+38.8%	$2.4M+10.7%	$2.1M-22.5%	$2.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.3M-11.6%	$7.1M-7.7%	$7.7M+91.3%	$4.0M+23.9%	$3.2M+28.0%	$2.5M
Current Liabilities	$2.6M-22.5%	$3.4M-19.8%	$4.2M+50.8%	$2.8M+17.1%	$2.4M+21.1%	$2.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$35.3M+24.5%	$28.3M+109.5%	$13.5M+3.0%	$13.1M+17.6%	$11.2M+24.7%	$9.0M
Retained Earnings	$10.5M-7.9%	$11.4M+10.1%	$10.3M+15.0%	$9.0M+21.9%	$7.4M+28.6%	$5.7M

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$41.1M-1.0%	$41.5M+17.3%	$35.4M+6.8%	$33.2M+56.5%	$21.2M+23.7%	$17.1M+19.0%	$14.4M+25.4%	$11.5M
Current Assets	$34.3M+0.5%	$34.2M+37.9%	$24.8M+10.8%	$22.4M+100.0%	$11.2M-13.7%	$13.0M+20.3%	$10.8M+34.3%	$8.0M
Cash & Equivalents	$8.2M+13.3%	$7.2M-22.3%	$9.3M+69.4%	$5.5M+356.7%	$1.2M-42.5%	$2.1M+12.3%	$1.9M+139.8%	$776K
Inventory	$141K-8.8%	$154K-29.6%	$220K-51.9%	$457K+6.0%	$431K+5.3%	$409K+241.4%	$120K-76.6%	$513K
Accounts Receivable	$1.1M-17.1%	$1.4M-34.6%	$2.1M+67.7%	$1.3M-61.4%	$3.3M+38.8%	$2.4M+10.7%	$2.1M-22.5%	$2.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.5M+4.0%	$6.3M-11.6%	$7.1M-1.9%	$7.2M-5.9%	$7.7M+91.3%	$4.0M+23.9%	$3.2M+28.0%	$2.5M
Current Liabilities	$2.4M-7.9%	$2.6M-22.5%	$3.4M-40.9%	$5.7M+35.8%	$4.2M+50.8%	$2.8M+17.1%	$2.4M+21.1%	$2.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$34.6M-1.9%	$35.3M+24.5%	$28.3M+9.2%	$26.0M+91.9%	$13.5M+3.0%	$13.1M+17.6%	$11.2M+24.7%	$9.0M
Retained Earnings	$9.6M-8.7%	$10.5M-7.9%	$11.4M+24.1%	$9.2M-11.3%	$10.3M+15.0%	$9.0M+21.9%	$7.4M+28.6%	$5.7M

HKIT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$689K-1012.1%	-$62K-101.6%	$3.8M+1882.2%	-$215K-111.1%	$1.9M+4367.4%	$43K
Capital Expenditures	N/A	$186K	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	-$248K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$9.6M-37.6%	-$6.9M+5.5%	-$7.3M-1937.3%	$400K+146.2%	-$865K	N/A
Financing Cash Flow	$8.2M-45.8%	$15.1M+450.8%	$2.7M	N/A	N/A	N/A
Dividends Paid	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

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

HKIT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	34.6%-7.5pp	42.1%-12.9pp	55.0%-5.0pp	60.1%+5.4pp	54.6%+0.6pp	54.0%
Operating Margin	-60.1%-62.4pp	2.2%-23.1pp	25.3%-7.3pp	32.6%+2.4pp	30.2%-1.4pp	31.6%
Net Margin	-30.9%-53.8pp	23.0%+0.9pp	22.0%-3.8pp	25.8%-3.2pp	29.1%-0.0pp	29.1%
Return on Equity	N/A	3.7%-6.8pp	10.5%-2.3pp	12.7%-2.4pp	15.1%-7.4pp	22.5%
Return on Assets	-2.2%-5.1pp	3.0%-3.7pp	6.7%-3.1pp	9.7%-2.0pp	11.7%-5.9pp	17.6%
Current Ratio	13.08+5.7	7.35+4.7	2.66-2.0	4.65+0.1	4.53+0.4	4.08
Debt-to-Equity	0.18-0.1	0.25-0.3	0.57+0.3	0.31+0.0	0.290.0	0.28
FCF Margin	N/A	-5.4%	N/A	N/A	N/A	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
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	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	14.27+1.2	13.08+5.7	7.35+3.4	3.92+1.3	2.66-2.0	4.65+0.1	4.53+0.4	4.08
Debt-to-Equity	0.19+0.0	0.18-0.1	0.25-0.0	0.28-0.3	0.57+0.3	0.31+0.0	0.290.0	0.28
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is HiTek Global Inc.'s annual revenue?

HiTek Global Inc. (HKIT) reported $2.9M in total revenue for fiscal year 2024. This represents a -36.3% 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 HiTek Global Inc.'s revenue growing?

HiTek Global Inc. (HKIT) revenue declined by 36.3% year-over-year, from $4.6M to $2.9M in fiscal year 2024.

Is HiTek Global Inc. profitable?

No, HiTek Global Inc. (HKIT) reported a net income of -$897K in fiscal year 2024, with a net profit margin of -30.9%.

What is HiTek Global Inc.'s earnings per share (EPS)?

HiTek Global Inc. (HKIT) reported diluted earnings per share of $-0.04 for fiscal year 2024. This represents a -150.0% 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.

What is HiTek Global Inc.'s EBITDA?

HiTek Global Inc. (HKIT) had EBITDA of -$1.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is HiTek Global Inc.'s gross margin?

HiTek Global Inc. (HKIT) had a gross margin of 34.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is HiTek Global Inc.'s operating margin?

HiTek Global Inc. (HKIT) had an operating margin of -60.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is HiTek Global Inc.'s net profit margin?

HiTek Global Inc. (HKIT) had a net profit margin of -30.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is HiTek Global Inc.'s operating cash flow?

HiTek Global Inc. (HKIT) generated -$689K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are HiTek Global Inc.'s total assets?

HiTek Global Inc. (HKIT) had $41.5M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does HiTek Global Inc. have outstanding?

HiTek Global Inc. (HKIT) had 14M shares outstanding as of fiscal year 2024.

What is HiTek Global Inc.'s current ratio?

HiTek Global Inc. (HKIT) had a current ratio of 13.08 as of fiscal year 2024, which is generally considered healthy.

What is HiTek Global Inc.'s debt-to-equity ratio?

HiTek Global Inc. (HKIT) had a debt-to-equity ratio of 0.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HiTek Global Inc.'s return on assets (ROA)?

HiTek Global Inc. (HKIT) had a return on assets of -2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is HiTek Global Inc.'s cash runway?

Based on fiscal year 2024 data, HiTek Global Inc. (HKIT) had $7.2M in cash against an annual operating cash burn of $689K. This gives an estimated cash runway of approximately 126 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.

What is HiTek Global Inc.'s Piotroski F-Score?

HiTek Global Inc. (HKIT) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are HiTek Global Inc.'s earnings high quality?

HiTek Global Inc. (HKIT) has an earnings quality ratio of 0.77x, 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 HiTek Global Inc. cover its interest payments?

HiTek Global Inc. (HKIT) has an interest coverage ratio of -5.6x, 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 HiTek Global Inc.?

HiTek Global Inc. (HKIT) scores 50 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.