Tessera Defense and Homeland Security (HLSQ) Financials
Ticker history: PHGE became HLSQ (Tessera Defense and Homeland Security Inc.) on . Earlier news and filings retain their original names and dates. View PHGE history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HLSQ SEC filings page.
This page shows Tessera Defense and Homeland Security Inc. (HLSQ) financial statements, including the 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).
Financial Health Signals
Tessera Defense and Homeland Security Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Tessera Defense and Homeland Security Inc. generated $332K in revenue in Q2 2026.
Tessera Defense and Homeland Security Inc. reported a net loss of $3.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Tessera Defense and Homeland Security Inc. earned $0.37 per diluted share (EPS) in Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Tessera Defense and Homeland Security Inc. held $347K in cash against $247K in long-term debt as of Q2 2026, with $10.2M of liabilities due within a year.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Tessera Defense and Homeland Security Inc.'s gross margin was 29.2% in Q2 2026, indicating the percentage of revenue retained after direct costs.
Tessera Defense and Homeland Security Inc.'s quarterly ROE was -35.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 3.9 percentage points from the same quarter a year earlier.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
HLSQ 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.
| 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 | $332K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $235K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $97K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | $6.1M-15.9% | $5.0M-27.3% | $5.3M+27.9% | N/A | $7.3M+29.0% |
| SG&A Expenses | $5.4M+122.5% | $1.6M-35.7% | N/A | $2.4M-25.7% | $2.4M-14.5% | $2.5M-6.5% | N/A | $3.2M+50.8% |
| Operating Income | -$5.4Mn/m | -$1.3Mn/m | N/A | -$8.5Mn/m | -$7.4Mn/m | -$7.8Mn/m | N/A | -$11.3Mn/m |
| EBITDA | N/A | N/A | N/A | -$7.3Mn/m | -$7.1M | -$7.5Mn/m | N/A | -$11.0Mn/m |
| Interest Expense | $20K+300.0% | $192K+3740.0% | N/A | $5K0.0% | $5K-61.5% | $5K-99.4% | N/A | $5K-99.1% |
| Income Tax | N/A | N/A | N/A | $3K | $2K-60.0% | $1K-80.0% | N/A | N/A |
| Net Income | -$3.8Mn/m | N/A | N/A | -$9.2M-195.1% | -$6.0M-235.0% | -$7.7Mn/m | N/A | $9.6Mn/m |
| EPS (Basic) | $0.37 | $7.38 | N/A | $0.29 | $3.66 | $6.27 | $1.15 | -$0.31 |
| EPS (Diluted) | $0.37 | $7.38 | N/A | $0.29 | $3.66 | $6.27 | $0.91 | -$0.31 |
| Diluted Shares (Avg) | 10M | N/A | N/A | 31M | 2M | 23M | N/A | 16M |
HLSQ Balance Sheet
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.
| 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 | $28.2M-25.9% | $3.3M-92.9% | $5.8M-86.6% | $26.2M-56.4% | $38.0M-44.5% | $45.7M-44.1% | $43.2M+72.7% | $60.0M+81.4% |
| Current Assets | $2.4M-85.5% | $3.0M-87.1% | $5.6M-72.8% | $8.9M-68.7% | $16.6M-52.6% | $23.5M-50.0% | $20.5M+16.4% | $28.3M+11.9% |
| Cash & Equivalents | $347K-97.5% | $1.2M-94.2% | $4.4M-74.1% | $6.9M-70.6% | $14.0M-55.6% | $20.1M-53.2% | $16.9M+13.1% | $23.5M+4.8% |
| Short-Term Investments | $225Kn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $327K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $801K | $801K |
| Total Liabilities | $17.3M-8.3% | $4.1M-80.5% | $7.1M-62.9% | $15.7M-29.0% | $18.9M-54.1% | $21.2M-76.8% | $19.1M-13.0% | $22.1M-11.3% |
| Current Liabilities | $10.2M+62.6% | $2.4M-65.1% | $6.4M-22.8% | $5.2M-41.6% | $6.3M-14.3% | $7.0M-34.4% | $8.3M-26.0% | $8.9M-30.0% |
| Non-Current Liabilities | $383K-97.0% | $1.7M-88.1% | $706K-93.5% | $10.5M-20.4% | $12.6M-62.7% | $14.1M-70.6% | $10.8M+0.4% | $13.1M+8.4% |
| Long-Term Debt | $247K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $10.9M-43.3% | -$881K-103.6% | -$1.3M-105.4% | $10.5M-72.3% | $19.2M-30.1% | $24.5Mn/m | $24.1M+683.8% | $37.9M+364.8% |
| Retained Earnings | -$239.8Mn/m | -$236.0Mn/m | -$216.9Mn/m | -$203.6Mn/m | -$194.4Mn/m | -$188.4Mn/m | -$180.7Mn/m | -$166.2Mn/m |
Not reported in any period shown, so not listed: Inventory.
HLSQ Cash Flow 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.
| 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 | -$1.2Mn/m | -$5.4Mn/m | -$4.4Mn/m | -$7.2Mn/m | -$6.1Mn/m | -$8.7Mn/m | -$6.3Mn/m | -$8.1Mn/m |
| Depreciation & Amortization | N/A | N/A | $1.2M+25.2% | $1.2M+285.4% | $292K | $236K+3.1% | $921K+334.4% | $322K+47.0% |
| Stock-Based Compensation | $4.0M+473.0% | -$1.9M-392.6% | N/A | $438K-47.2% | $696K+803.9% | $659K+272.3% | N/A | $829K+325.1% |
| Capital Expenditures | N/A | N/A | $0-100.0% | N/A | N/A | N/A | $11K+57.1% | $10K-68.8% |
| Free Cash Flow | N/A | N/A | -$4.4Mn/m | N/A | N/A | N/A | -$6.3Mn/m | -$8.1Mn/m |
| Investing Cash Flow | -$556K-1058.6% | -$996K-2052.9% | $1Kn/m | -$2Kn/m | $58K+7.4% | $51K-92.3% | -$1Kn/m | -$1Kn/m |
| Financing Cash Flow | $905Kn/m | $2.6M-78.0% | $1.3Mn/m | $54Kn/m | -$29Kn/m | $11.9M-69.4% | -$398Kn/m | $0n/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HLSQ 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.
| 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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1630.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -1158.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -35.4%-3.9pp | N/A | N/A | -87.4%-112.9pp | -31.5%-47.8pp | -31.3% | N/A | 25.4%+122.4pp |
| Return on Assets | -13.7%+2.2pp | N/A | N/A | -35.0%-51.1pp | -15.9%-22.4pp | -16.8%+4.4pp | N/A | 16.1%+40.0pp |
| Current Ratio | 0.24-2.4x | 1.24-2.1x | 0.87-1.6x | 1.70-1.5x | 2.66-2.1x | 3.35-1.0x | 2.48+0.9x | 3.17+1.2x |
| Debt-to-Equity | 0.02 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 1.59+0.6x | N/A | N/A | 1.50+0.9x | 0.99-0.5x | 0.86 | 0.79-6.3x | 0.58-2.5x |
| Asset Turnover | 0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$1.3M), which causes the debt-to-equity, liabilities-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 (0.87), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Tessera Defense and Homeland Security Inc. Ranks
Frequently Asked Questions
What is Tessera Defense and Homeland Security Inc.'s free cash flow?
Tessera Defense and Homeland Security Inc. (HLSQ) recorded an outflow of $26.4M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tessera Defense and Homeland Security Inc.'s operating cash flow?
Tessera Defense and Homeland Security Inc. (HLSQ) recorded an outflow of $26.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Tessera Defense and Homeland Security Inc.'s total assets?
Tessera Defense and Homeland Security Inc. (HLSQ) had $5.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tessera Defense and Homeland Security Inc.'s capital expenditures?
Tessera Defense and Homeland Security Inc. (HLSQ) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Tessera Defense and Homeland Security Inc. spend on research and development?
Tessera Defense and Homeland Security Inc. (HLSQ) invested $21.3M in research and development during fiscal year 2025.
What is Tessera Defense and Homeland Security Inc.'s current ratio?
Tessera Defense and Homeland Security Inc. (HLSQ) had a current ratio of 0.87 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Tessera Defense and Homeland Security Inc.'s P/E ratio?
Tessera Defense and Homeland Security Inc. (HLSQ) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $1.6M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tessera Defense and Homeland Security Inc.'s price-to-sales ratio?
Tessera Defense and Homeland Security Inc. (HLSQ) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $1.6M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Tessera Defense and Homeland Security Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Tessera Defense and Homeland Security Inc. (HLSQ) held $4.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $26.4M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Tessera Defense and Homeland Security Inc.'s debt-to-equity ratio negative or not reported?
Tessera Defense and Homeland Security Inc. (HLSQ) has negative shareholder equity of -$1.3M as of fiscal year 2025, so no debt-to-equity or liabilities-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.