HiTek Global Inc. Financials
HiTek Global Inc. (HKIT) reported $6.5M in revenue for fiscal year 2025, up 125.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Hitek’s profit recovery masks a cash-hungry working-capital shift as receivables absorb liquidity and margins stay thin.
From FY2024 to FY2025, accounts receivable expanded from$1.4M to$5.4M even as revenue recovered. At the same time, operating cash flow moved from-$689K to-$1.5M , which means the rebound consumed cash instead of releasing it and makes the small profit look weaker on earnings quality than the income statement alone suggests.
The larger issue is unit economics, not just scale: gross margin fell from
The balance sheet looks solvent but less immediately liquid: total liabilities were only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of HiTek Global Inc.'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.
HiTek Global Inc. has an operating margin of -27.4%, meaning the company loses $27 on every $100 of revenue. This results in a profitability score of 12/100. This is up from -60.1% the prior year.
HiTek Global Inc.'s revenue surged 125.0% year-over-year to $6.5M, reflecting rapid business expansion. This strong growth earns a score of 81/100.
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 75/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.23, HiTek Global Inc. holds $8.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.
HiTek Global Inc. generates a 0.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is up from -2.5% the prior year.
HiTek Global Inc. scores 3.88, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($27.4M) relative to total liabilities ($6.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
HiTek Global Inc. passes 3 of 7 computable financial strength tests (2 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), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, HiTek Global Inc. used $8.53 of operating cash (-$1.5M OCF vs $180K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
HiTek Global Inc. reported an operating loss of $1.8M against $309K 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
Earnings & Revenue
HiTek Global Inc. generated $6.5M in revenue in fiscal year 2025. This represents an increase of 125.0% from the prior year.
HiTek Global Inc.'s EBITDA was -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.6% from the prior year.
HiTek Global Inc. reported $180K in net income in fiscal year 2025. This represents an increase of 120.1% from the prior year.
HiTek Global Inc. earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.2% from the prior year.
Cash & Balance Sheet
HiTek Global Inc. held $3.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
HiTek Global Inc.'s gross margin was 10.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 24.1 percentage points from the prior year.
HiTek Global Inc.'s operating margin was -27.4% in fiscal year 2025, reflecting core business profitability. This is up 32.7 percentage points from the prior year.
HiTek Global Inc.'s net profit margin was 2.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 33.6 percentage points from the prior year.
HiTek Global Inc.'s ROE was 0.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the prior year.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
HKIT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M+125.0% | $2.9M-36.3% | $4.6M-29.0% | $6.4M-0.5% | $6.5M+11.3% | $5.8M-16.3% | $6.9M+0.3% | $6.9M |
| Cost of Revenue | $5.8M+207.8% | $1.9M-28.1% | $2.6M-8.6% | $2.9M+12.0% | $2.6M-2.0% | $2.6M-17.4% | $3.2M+4.9% | $3.0M |
| Gross Profit | $690K-31.4% | $1.0M-47.6% | $1.9M-45.7% | $3.5M-8.8% | $3.9M+22.3% | $3.2M-15.3% | $3.7M-3.4% | $3.9M |
| R&D Expenses | N/A | N/A | $38K-9.1% | $42K-3.7% | $44K+21.6% | $36K+41.8% | $25K-5.6% | $27K |
| SG&A Expenses | $2.5M-10.0% | $2.8M+51.2% | $1.8M+23.6% | $1.5M-13.4% | $1.7M+20.1% | $1.4M+15.8% | $1.2M+14.3% | $1.1M |
| Operating Income | -$1.8M-2.5% | -$1.7M-1828.8% | $101K-93.8% | $1.6M-22.6% | $2.1M+19.9% | $1.8M-20.0% | $2.2M-21.8% | $2.8M |
| Interest Expense | $309K+0.1% | $309K-1.7% | $314K+10.0% | $285K+4273.2% | $7K0.0% | $7K | N/A | N/A |
| Income Tax | -$51K-229.4% | $40K-92.7% | $547K+20.7% | $453K-16.5% | $543K+101.6% | $269K-20.6% | $339K-28.2% | $473K |
| Net Income | $180K+120.1% | -$897K-185.6% | $1.0M-26.0% | $1.4M-15.2% | $1.7M-1.2% | $1.7M-16.4% | $2.0M-9.0% | $2.2M |
| EPS (Diluted) | $0.02+118.2% | -$0.11-184.6% | $0.130.0% | $0.13-13.3% | $0.150.0% | $0.15 | N/A | N/A |
HKIT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.6M+2.5% | $41.5M+17.3% | $35.4M+67.1% | $21.2M+23.7% | $17.1M+19.0% | $14.4M+25.4% | $11.5M+24.6% | $9.2M |
| Current Assets | $40.8M+19.3% | $34.2M+37.9% | $24.8M+121.6% | $11.2M-13.7% | $13.0M+20.3% | $10.8M+34.3% | $8.0M+39.8% | $5.7M |
| Cash & Equivalents | $3.6M-50.1% | $7.2M-22.3% | $9.3M+673.9% | $1.2M-42.5% | $2.1M+12.3% | $1.9M+139.8% | $776K+4.9% | $740K |
| Inventory | $79K-48.6% | $154K-29.6% | $220K-49.0% | $431K+5.3% | $409K+241.4% | $120K-76.6% | $513K+607.6% | $73K |
| Accounts Receivable | $5.4M+290.3% | $1.4M-34.6% | $2.1M-35.2% | $3.3M+38.8% | $2.4M+10.7% | $2.1M-22.5% | $2.7M+112.0% | $1.3M |
| Total Liabilities | $6.6M+4.8% | $6.3M-11.6% | $7.1M-7.7% | $7.7M+91.3% | $4.0M+23.9% | $3.2M+28.0% | $2.5M+15.8% | $2.2M |
| Current Liabilities | $5.0M+89.6% | $2.6M-22.5% | $3.4M-19.8% | $4.2M+50.8% | $2.8M+17.1% | $2.4M+21.1% | $2.0M+2.3% | $1.9M |
| Total Equity | $36.0M+2.1% | $35.3M+24.5% | $28.3M+109.5% | $13.5M+3.0% | $13.1M+17.6% | $11.2M+24.7% | $9.0M+27.3% | $7.0M |
| Retained Earnings | $10.7M+1.7% | $10.5M-7.9% | $11.4M+10.1% | $10.3M+15.0% | $9.0M+21.9% | $7.4M+28.6% | $5.7M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
HKIT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-123.1% | -$689K-1012.1% | -$62K-101.6% | $3.8M+1882.2% | -$215K-111.1% | $1.9M+4367.4% | $43K-86.5% | $321K |
| Capital Expenditures | N/A | N/A | $186K | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | -$248K | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$2.1M+77.9% | -$9.6M-37.6% | -$6.9M+5.5% | -$7.3M-1937.3% | $400K+146.2% | -$865K | N/A | N/A |
| Financing Cash Flow | N/A | $8.2M-45.8% | $15.1M+450.8% | $2.7M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HKIT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.6%-24.1pp | 34.6%-7.5pp | 42.1%-12.9pp | 55.0%-5.0pp | 60.1%+5.4pp | 54.6%+0.6pp | 54.0%-2.0pp | 56.0% |
| Operating Margin | -27.4%+32.7pp | -60.1%-62.4pp | 2.2%-23.1pp | 25.3%-7.3pp | 32.6%+2.4pp | 30.2%-1.4pp | 31.6%-9.0pp | 40.6% |
| Net Margin | 2.8%+33.6pp | -30.9%-53.8pp | 23.0%+0.9pp | 22.0%-3.8pp | 25.8%-3.2pp | 29.1%0.0pp | 29.1%-3.0pp | 32.1% |
| Return on Equity | 0.5%+3.0pp | -2.5%-6.2pp | 3.7%-6.8pp | 10.5%-2.3pp | 12.7%-2.4pp | 15.1%-7.4pp | 22.5%-9.0pp | 31.5% |
| Return on Assets | 0.4%+2.6pp | -2.2%-5.1pp | 3.0%-3.7pp | 6.7%-3.1pp | 9.7%-2.0pp | 11.7%-5.9pp | 17.6%-6.5pp | 24.1% |
| Current Ratio | 8.23-4.8x | 13.08+5.7x | 7.35+4.7x | 2.66-2.0x | 4.65+0.1x | 4.53+0.4x | 4.08+1.1x | 2.99 |
| Debt-to-Equity | 0.180.0x | 0.18-0.1x | 0.25-0.3x | 0.57+0.3x | 0.310.0x | 0.290.0x | 0.280.0x | 0.31 |
| FCF Margin | N/A | N/A | -5.4% | N/A | N/A | N/A | N/A | N/A |
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Where HiTek Global Inc. Ranks
Frequently Asked Questions
What is HiTek Global Inc.'s annual revenue?
HiTek Global Inc. (HKIT) reported $6.5M in total revenue for fiscal year 2025. This represents a 125.0% 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 grew by 125.0% year-over-year, from $2.9M to $6.5M in fiscal year 2025.
Is HiTek Global Inc. profitable?
Yes, HiTek Global Inc. (HKIT) reported a net income of $180K in fiscal year 2025, with a net profit margin of 2.8%.
What is HiTek Global Inc.'s EBITDA?
HiTek Global Inc. (HKIT) had EBITDA of -$1.5M in fiscal year 2025, 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 10.6% in fiscal year 2025, 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 -27.4% in fiscal year 2025, 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 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HiTek Global Inc.'s return on equity (ROE)?
HiTek Global Inc. (HKIT) has a return on equity of 0.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HiTek Global Inc.'s operating cash flow?
HiTek Global Inc. (HKIT) recorded an outflow of $1.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are HiTek Global Inc.'s total assets?
HiTek Global Inc. (HKIT) had $42.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is HiTek Global Inc.'s current ratio?
HiTek Global Inc. (HKIT) had a current ratio of 8.23 as of fiscal year 2025, 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 2025, 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 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HiTek Global Inc.'s cash runway?
Based on fiscal year 2025 data, HiTek Global Inc. (HKIT) had $3.6M in cash against an annual operating cash burn of $1.5M. This gives an estimated cash runway of approximately 28 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 Altman Z-Score?
HiTek Global Inc. (HKIT) has an Altman Z-Score of 3.88, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is HiTek Global Inc.'s Piotroski F-Score?
HiTek Global Inc. (HKIT) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 HiTek Global Inc.'s earnings high quality?
For every $1 of reported earnings, HiTek Global Inc. (HKIT) used $8.53 of operating cash (-$1.5M OCF vs $180K 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 HiTek Global Inc. cover its interest payments?
HiTek Global Inc. (HKIT) reported an operating loss of $1.8M against $309K 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.
How financially healthy is HiTek Global Inc.?
HiTek Global Inc. (HKIT) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.