MicroCloud Hologram Warrant (HOLOW) Financials
Newest figures come from the 20-F for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HOLOW SEC filings page.
MicroCloud Hologram Inc. Warrant (HOLOW) reported $57.4M in revenue for fiscal year 2025, up 42.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 (20-F and 6-K reports).
HOLOW’s balance sheet expanded far faster than its operating earnings, while FY2025 cash generation improved despite a reported net loss
Cash conversion reversed sharply: FY2024 showed operating cash flow of-$13.7M and free cash flow of-$13.7M , whereas FY2025 produced$8.0M of each despite a net loss of$7.1M . That divergence means the latest accounting loss was not mirrored by cash consumption, but reported operating profit of only$371K still did not explain the positive cash result by itself.
Asset intensity dominates the story: FY2025 total assets reached
The FY2025 recovery was operationally narrow: revenue increased
Financial Health Signals
We do not publish a peer-relative financial health score for MicroCloud Hologram Inc. Warrant, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
MicroCloud Hologram Inc. Warrant passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
MicroCloud Hologram Inc. Warrant reported a net loss of $7.1M while generating $8.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
MicroCloud Hologram Inc. Warrant generated $57.4M in revenue in fiscal year 2025. This represents an increase of 42.2% from the prior year.
MicroCloud Hologram Inc. Warrant's EBITDA was $400K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
MicroCloud Hologram Inc. Warrant reported a net loss of $7.1M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
MicroCloud Hologram Inc. Warrant earned -$0.57 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
MicroCloud Hologram Inc. Warrant generated $8.0M in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
MicroCloud Hologram Inc. Warrant held $262.3M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
MicroCloud Hologram Inc. Warrant's gross margin was 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
MicroCloud Hologram Inc. Warrant's operating margin was 0.7% in fiscal year 2025, reflecting core business profitability. This is up 48.2 percentage points from the prior year.
MicroCloud Hologram Inc. Warrant's net profit margin was -12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.7 percentage points from the prior year.
MicroCloud Hologram Inc. Warrant's ROE was -1.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.
Capital Allocation
MicroCloud Hologram Inc. Warrant invested $8.1M in research and development in fiscal year 2025. This represents a decrease of 66.6% from the prior year.
MicroCloud Hologram Inc. Warrant invested $14K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 756.6% from the prior year.
Not reported for fiscal year 2025.
HOLOW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Revenue | $57.4M+42.2% | $40.4M+40.5% | $28.7M-59.4% | $70.7M+25.7% | $56.3M | N/A |
| Cost of Revenue | $45.2M+44.6% | $31.3M+71.3% | $18.3M-52.4% | $38.4M+125.1% | $17.0M | N/A |
| Gross Profit | $12.2M+34.2% | $9.1M-13.2% | $10.5M-67.6% | $32.4M-17.5% | $39.2M | N/A |
| R&D Expenses | $8.1M-66.6% | $24.3M+118.5% | $11.1M-76.9% | $48.0M+110.6% | $22.8M | N/A |
| SG&A Expenses | $2.7M-15.4% | $3.2M-64.9% | $9.2M+177.5% | $3.3M+5.7% | $3.1Mn/m | $0 |
| Operating Income | $371Kn/m | -$19.2Mn/m | -$10.9Mn/m | -$20.1M-262.1% | $12.4M | N/A |
| EBITDA | $400Kn/m | -$19.1Mn/m | -$10.0Mn/m | -$19.1M-242.1% | $13.4M | N/A |
| Income Tax | N/A | $353Kn/m | -$584Kn/m | -$120Kn/m | -$125Kn/m | $0 |
| Net Income | -$7.1Mn/m | -$8.9Mn/m | -$11.5Mn/m | -$19.8M-255.2% | $12.7Mn/m | -$32K |
| EPS (Basic) | -$0.57 | -$27.57 | -$1.75 | -$197.56 | $0.97 | N/A |
| EPS (Diluted) | -$0.57 | -$27.57 | -$1753.71 | -$197.56 | $0.97 | N/A |
| Diluted Shares (Avg) | 13M | 319,503 | 6,552 | 100,358 | 13M | N/A |
Not reported in any period shown, so not listed: Interest Expense.
HOLOW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Total Assets | $395.3M+76.0% | $224.7M+891.0% | $22.7M-44.6% | $40.9M+46.9% | $27.8M+58319.3% | $48K |
| Current Assets | $395.0M+76.2% | $224.1M+943.4% | $21.5M-38.1% | $34.7M+67.4% | $20.7M+114374.2% | $18K |
| Cash & Equivalents | $262.3M+121.4% | $118.5M+565.6% | $17.8M-18.8% | $21.9M+190.8% | $7.5M+41481.6% | $18K |
| Short-Term Investments | $127.9M+26.7% | $100.9Mn/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $17K-84.3% | $107K-45.1% | $194K-23.9% | $255K-15.6% | $302K | N/A |
| Accounts Receivable | $3.2M-3.5% | $3.3M+135.0% | $1.4M-88.1% | $11.7M+8.8% | $10.7M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Goodwill | N/A | N/A | N/A | $3.1M-7.6% | $3.3M | N/A |
| Total Liabilities | $11.8M+165.3% | $4.4M+62.4% | $2.7M-77.9% | $12.4M+20.9% | $10.2M+11602.0% | $87K |
| Current Liabilities | $11.8M+174.2% | $4.3M+76.5% | $2.4M-79.3% | $11.8M+18.7% | $9.9M+11245.0% | $87K |
| Non-Current Liabilities | $0-100.0% | $144K-51.8% | $299K-49.7% | $595K+91.0% | $312Kn/m | $0 |
| Total Equity | $382.8M+73.7% | $220.3M+1005.8% | $19.9M-30.1% | $28.5M+61.8% | $17.6Mn/m | -$40K |
| Retained Earnings | -$37.8Mn/m | -$29.2Mn/m | -$20.7Mn/m | -$9.5M-182.0% | $11.6Mn/m | -$40K |
Not reported in any period shown, so not listed: Long-Term Debt.
HOLOW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.0Mn/m | -$13.7Mn/m | -$3.9Mn/m | -$19.5M-220.8% | $16.2Mn/m | -$32K |
| Depreciation & Amortization | $29K-74.2% | $114K-86.9% | $870K-12.3% | $992K-5.3% | $1.0M | N/A |
| Stock-Based Compensation | N/A | $133K-97.1% | $4.5M | N/A | N/A | N/A |
| Capital Expenditures | $14K+756.6% | $2K-98.5% | $109K-58.6% | $264K+1140.7% | $21K | N/A |
| Free Cash Flow | $8.0Mn/m | -$13.7Mn/m | -$4.0Mn/m | -$19.8M-222.6% | $16.1M | N/A |
| Investing Cash Flow | -$40.6Mn/m | -$95.0Mn/m | -$194K-111.6% | $1.7Mn/m | -$13.2Mn/m | $0 |
| Financing Cash Flow | $176.4M-15.8% | $209.6M+67260.3% | $311K-99.0% | $32.5Mn/m | -$204K-506.1% | $50K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HOLOW 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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Gross Margin | 21.3%-1.3pp | 22.5%-13.9pp | 36.5%-9.3pp | 45.8%-24.0pp | 69.7% | N/A |
| Operating Margin | 0.7%+48.2pp | -47.6%-9.8pp | -37.8%-9.5pp | -28.3%-50.3pp | 22.0% | N/A |
| Net Margin | -12.4%+9.7pp | -22.1%+17.9pp | -40.1%-12.1pp | -28.0%-50.6pp | 22.7% | N/A |
| Return on Equity | -1.9%+2.2pp | -4.1%+53.8pp | -57.8%+11.6pp | -69.4%-141.8pp | 72.4% | N/A |
| Return on Assets | -1.8%+2.2pp | -4.0%+46.8pp | -50.8%-2.4pp | -48.4%-94.2pp | 45.8%+113.5pp | -67.7% |
| Current Ratio | 33.54-18.6x | 52.19+43.4x | 8.83+5.9x | 2.95+0.9x | 2.09+1.9x | 0.21 |
| Liabilities-to-Equity | 0.030.0x | 0.02-0.1x | 0.14-0.3x | 0.43-0.1x | 0.58 | N/A |
| Asset Turnover | 0.150.0x | 0.18-1.1x | 1.27-0.5x | 1.73-0.3x | 2.02 | N/A |
| FCF Margin | 13.9%+47.9pp | -34.0%-20.0pp | -14.0%+14.0pp | -28.0%-56.6pp | 28.7% | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
Where MicroCloud Hologram Inc. Warrant Ranks
Frequently Asked Questions
MicroCloud Hologram Inc. Warrant (HOLOW) reported $57.4M in total revenue for fiscal year 2025. This represents a 42.2% 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.
MicroCloud Hologram Inc. Warrant (HOLOW) revenue grew by 42.2% year-over-year, from $40.4M to $57.4M in fiscal year 2025.
No, MicroCloud Hologram Inc. Warrant (HOLOW) reported a net loss of $7.1M in fiscal year 2025, with a net profit margin of -12.4%.
MicroCloud Hologram Inc. Warrant (HOLOW) had EBITDA of $400K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
MicroCloud Hologram Inc. Warrant (HOLOW) had a gross margin of 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
MicroCloud Hologram Inc. Warrant (HOLOW) had an operating margin of 0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
MicroCloud Hologram Inc. Warrant (HOLOW) had a net profit margin of -12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
MicroCloud Hologram Inc. Warrant (HOLOW) has a return on equity of -1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
MicroCloud Hologram Inc. Warrant (HOLOW) generated $8.0M 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.
MicroCloud Hologram Inc. Warrant (HOLOW) generated $8.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
MicroCloud Hologram Inc. Warrant (HOLOW) had $395.3M in total assets as of fiscal year 2025, including both current and long-term assets.
MicroCloud Hologram Inc. Warrant (HOLOW) invested $14K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
MicroCloud Hologram Inc. Warrant (HOLOW) invested $8.1M in research and development during fiscal year 2025.
MicroCloud Hologram Inc. Warrant (HOLOW) had a current ratio of 33.54 as of fiscal year 2025, which is generally considered healthy.
MicroCloud Hologram Inc. Warrant (HOLOW) had a liabilities-to-equity ratio of 0.03 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
MicroCloud Hologram Inc. Warrant (HOLOW) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
MicroCloud Hologram Inc. Warrant (HOLOW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.
MicroCloud Hologram Inc. Warrant (HOLOW) reported a net loss of $7.1M while generating $8.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.