High Templar Financials

HTT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows High Templar (HTT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 HTT FY2025 2026-04-22

Cash and investment flows, not the tiny operating revenue base, are driving reported profit and liquidity in FY2025.

From FY2023 to FY2025, revenue shrank by about 67.0% while operating losses still stayed above $40M each year. FY2025 nevertheless generated $98.2M of operating cash flow and $101.3M of net income, so reported performance is being determined outside the core selling engine rather than by recurring operations.

The balance sheet is liquid but not operationally productive: cash of $791.1M exceeded total liabilities of $283.3M, so near-term obligations are not the main constraint. The harder issue is that a very large asset base is supporting only $5.9M of revenue, which signals a business currently financed by past capital accumulation rather than current sales.

Free cash flow swung from -$58.8M in FY2024 to $81.6M in FY2025, showing that cash availability can change much faster than the income statement suggests. The turn was helped by cash generation recovering and capital spending easing to $16.7M, without reliance on heavy leverage.

Financial Health Signals

Financial Profile 53/100

Based on FY2025 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 High Templar'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

High Templar has an operating margin of -972.6%, meaning the company retains $-973 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 -142.4% the prior year.

Growth

High Templar's revenue declined 80.2% year-over-year, from $29.7M to $5.9M. This contraction results in a growth score of 0/100.

Leverage

High Templar carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.75, High Templar holds $5.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

100

High Templar converts 1392.6% of revenue into free cash flow ($81.6M). This strong cash generation earns a score of 100/100.

Returns

High Templar generates a 6.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 0.8% the prior year.

Piotroski F-Score Weak

3/9

High Templar passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

0.97x

For every $1 of reported earnings, High Templar generates $0.97 in operating cash flow ($98.2M OCF vs $101.3M 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

$5.9M

YoY-80.2%

5Y CAGR-59.9%

High Templar generated $5.9M in revenue in fiscal year 2025. This represents a decrease of 80.2% from the prior year.

EBITDA

-$49.7M

YoY-27.1%

High Templar's EBITDA was -$49.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.1% from the prior year.

Net Income

$101.3M

YoY+706.3%

5Y CAGR-7.2%

High Templar reported $101.3M in net income in fiscal year 2025. This represents an increase of 706.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$81.6M

YoY+238.8%

5Y CAGR-25.0%

High Templar generated $81.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 238.8% from the prior year.

Cash & Debt

$791.1M

YoY+35.4%

5Y CAGR+27.4%

High Templar held $791.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

81.1%

YoY-18.4pp

5Y CAGR-1.4pp

High Templar's gross margin was 81.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 18.4 percentage points from the prior year.

Operating Margin

-972.6%

YoY-830.2pp

5Y CAGR-996.0pp

High Templar's operating margin was -972.6% in fiscal year 2025, reflecting core business profitability. This is down 830.2 percentage points from the prior year.

Net Margin

1729.9%

YoY+1687.5pp

5Y CAGR+1703.9pp

High Templar's net profit margin was 1729.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1687.5 percentage points from the prior year.

Return on Equity

6.1%

YoY+5.3pp

5Y CAGR-2.0pp

High Templar's ROE was 6.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$6.5M

YoY-18.4%

5Y CAGR-24.2%

High Templar invested $6.5M in research and development in fiscal year 2025. This represents a decrease of 18.4% from the prior year.

Share Buybacks

$43.0M

YoY-41.2%

5Y CAGR+78.4%

High Templar spent $43.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 41.2% from the prior year.

Capital Expenditures

$16.7M

YoY-61.7%

5Y CAGR-13.3%

High Templar invested $16.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 61.7% from the prior year.

HTT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.9M-80.2%	$29.7M+66.6%	$17.8M-78.7%	$83.7M-67.7%	$259.6M-54.1%	$565.2M
Cost of Revenue	$1.1M+692.9%	$140K-96.4%	$3.9M-91.8%	$47.4M+284.6%	$12.3M-87.5%	$98.9M
Gross Profit	$4.8M-83.9%	$29.5M+112.5%	$13.9M-61.8%	$36.3M-85.3%	$247.2M-47.0%	$466.3M
R&D Expenses	$6.5M-18.4%	$8.0M+19.1%	$6.7M-20.4%	$8.4M-61.9%	$22.2M-15.3%	$26.2M
SG&A Expenses	$41.7M+10.0%	$37.9M-1.7%	$38.5M-7.5%	$41.7M-40.1%	$69.6M+58.8%	$43.8M
Operating Income	-$57.0M-35.0%	-$42.2M+9.4%	-$46.6M+2.4%	-$47.8M-133.0%	$144.8M+9.1%	$132.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$4.4M-51.3%	$9.0M+2.7%	$8.8M-34.5%	$13.4M-67.2%	$40.9M+1.8%	$40.2M
Net Income	$101.3M+706.3%	$12.6M+128.0%	$5.5M+110.5%	-$52.5M-156.8%	$92.4M-37.1%	$146.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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

HTT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.9B+14.0%	$1.7B-2.9%	$1.8B-4.9%	$1.8B-16.4%	$2.2B+7.7%	$2.1B
Current Assets	$1.6B+17.3%	$1.4B-2.9%	$1.4B-10.7%	$1.6B-16.4%	$1.9B+7.0%	$1.8B
Cash & Equivalents	$791.1M+35.4%	$584.1M-42.5%	$1.0B+100.8%	$505.5M+56.0%	$324.1M+37.5%	$235.6M
Inventory	$8.0M	N/A	$1.5M-91.4%	$16.9M+608.9%	$2.4M-83.1%	$14.1M
Accounts Receivable	$765K-83.7%	$4.7M+28.8%	$3.6M	$0-100.0%	$32.1M+88.8%	$17.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$283.3M+76.3%	$160.7M+43.6%	$111.9M+9.6%	$102.0M-58.5%	$246.0M+7.9%	$228.1M
Current Liabilities	$283.2M+83.9%	$154.0M+44.9%	$106.3M+25.3%	$84.8M+9.5%	$77.4M+6.9%	$72.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.7B+7.5%	$1.5B-6.0%	$1.6B-5.7%	$1.7B-11.1%	$2.0B+7.7%	$1.8B
Retained Earnings	$1.3B+12.9%	$1.2B-1.7%	$1.2B-2.4%	$1.2B-11.4%	$1.4B+9.6%	$1.3B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$1.9B+14.0%	$1.7B-2.9%	$1.8B-4.9%	$1.8B-16.4%	$2.2B+7.7%	$2.1B-22.1%	$2.6B+11.6%	$2.4B
Current Assets	$1.6B+17.3%	$1.4B-2.9%	$1.4B-10.7%	$1.6B-16.4%	$1.9B+7.0%	$1.8B-26.7%	$2.4B+16.0%	$2.1B
Cash & Equivalents	$791.1M+35.4%	$584.1M-42.5%	$1.0B+100.8%	$505.5M+56.0%	$324.1M+37.5%	$235.6M-42.7%	$410.9M+13.0%	$363.8M
Inventory	$8.0M	N/A	$1.5M-91.4%	$16.9M+608.9%	$2.4M-83.1%	$14.1M+999.7%	$1.3M-93.1%	$18.6M
Accounts Receivable	$765K-83.7%	$4.7M+28.8%	$3.6M	$0-100.0%	$32.1M+88.8%	$17.0M-37.7%	$27.3M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$283.3M+76.3%	$160.7M+43.6%	$111.9M+9.6%	$102.0M-58.5%	$246.0M+7.9%	$228.1M-75.3%	$924.7M+17.0%	$790.2M
Current Liabilities	$283.2M+83.9%	$154.0M+44.9%	$106.3M+25.3%	$84.8M+9.5%	$77.4M+6.9%	$72.4M-87.1%	$559.8M-23.3%	$730.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$60.1M
Total Equity	$1.7B+7.5%	$1.5B-6.0%	$1.6B-5.7%	$1.7B-11.1%	$2.0B+7.7%	$1.8B+6.5%	$1.7B+8.8%	$1.6B
Retained Earnings	$1.3B+12.9%	$1.2B-1.7%	$1.2B-2.4%	$1.2B-11.4%	$1.4B+9.6%	$1.3B+6.5%	$1.2B+62.4%	$737.0M

HTT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$98.2M+746.1%	-$15.2M-130.7%	$49.6M+31.1%	$37.8M-73.9%	$144.7M-61.8%	$378.8M
Capital Expenditures	$16.7M-61.7%	$43.6M-45.3%	$79.6M+100.6%	$39.7M-47.2%	$75.1M+120.9%	$34.0M
Free Cash Flow	$81.6M+238.8%	-$58.8M-95.9%	-$30.0M-1522.2%	-$1.8M-102.7%	$69.6M-79.8%	$344.8M
Investing Cash Flow	$120.9M+137.6%	-$321.2M-158.5%	$548.7M+100.8%	$273.3M+806.2%	-$38.7M+92.3%	-$501.1M
Financing Cash Flow	$79.4M+210.4%	$25.6M+132.1%	-$79.7M+34.2%	-$121.1M-816.3%	-$13.2M+94.6%	-$243.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$43.0M-41.2%	$73.0M+23.3%	$59.2M+180.2%	$21.1M	N/A	$2.4M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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

HTT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	81.1%-18.4pp	99.5%+21.5pp	78.1%+34.7pp	43.4%-51.8pp	95.3%+12.7pp	82.5%
Operating Margin	-972.6%-830.2pp	-142.4%+119.6pp	-262.0%-204.9pp	-57.1%-112.8pp	55.8%+32.3pp	23.5%
Net Margin	1729.9%+1687.5pp	42.4%+11.4pp	31.0%+93.7pp	-62.7%-98.3pp	35.6%+9.6pp	26.0%
Return on Equity	6.1%+5.3pp	0.8%+0.5pp	0.3%+3.3pp	-3.0%-7.7pp	4.7%-3.4pp	8.1%
Return on Assets	5.2%+4.5pp	0.7%+0.4pp	0.3%+3.1pp	-2.8%-7.0pp	4.2%-3.0pp	7.2%
Current Ratio	5.75-3.3	9.02-4.4	13.47-5.4	18.91-5.9	24.76+0.0	24.74
Debt-to-Equity	0.17+0.1	0.10+0.0	0.070.0	0.06-0.1	0.130.0	0.13
FCF Margin	1392.6%+1590.8pp	-198.2%-29.6pp	-168.6%-166.4pp	-2.2%-29.0pp	26.8%-34.2pp	61.0%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	5.75-3.3	9.02-4.4	13.47-5.4	18.91-5.9	24.76+0.0	24.74+20.4	4.37+1.5	2.89
Debt-to-Equity	0.17+0.1	0.10+0.0	0.070.0	0.06-0.1	0.130.0	0.13-0.4	0.54+0.5	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is High Templar's annual revenue?

High Templar (HTT) reported $5.9M in total revenue for fiscal year 2025. This represents a -80.2% 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.

How fast is High Templar's revenue growing?

High Templar (HTT) revenue declined by 80.2% year-over-year, from $29.7M to $5.9M in fiscal year 2025.

Is High Templar profitable?

Yes, High Templar (HTT) reported a net income of $101.3M in fiscal year 2025, with a net profit margin of 1729.9%.

What is High Templar's EBITDA?

High Templar (HTT) had EBITDA of -$49.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is High Templar's gross margin?

High Templar (HTT) had a gross margin of 81.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is High Templar's operating margin?

High Templar (HTT) had an operating margin of -972.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is High Templar's net profit margin?

High Templar (HTT) had a net profit margin of 1729.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is High Templar's return on equity (ROE)?

High Templar (HTT) has a return on equity of 6.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is High Templar's free cash flow?

High Templar (HTT) generated $81.6M in free cash flow during fiscal year 2025. This represents a 238.8% change compared to the previous fiscal year. 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 High Templar's operating cash flow?

High Templar (HTT) generated $98.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are High Templar's total assets?

High Templar (HTT) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are High Templar's capital expenditures?

High Templar (HTT) invested $16.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does High Templar spend on research and development?

High Templar (HTT) invested $6.5M in research and development during fiscal year 2025.

Does High Templar buy back shares?

Yes, High Templar (HTT) spent $43.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is High Templar's current ratio?

High Templar (HTT) had a current ratio of 5.75 as of fiscal year 2025, which is generally considered healthy.

What is High Templar's debt-to-equity ratio?

High Templar (HTT) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is High Templar's return on assets (ROA)?

High Templar (HTT) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is High Templar's Piotroski F-Score?

High Templar (HTT) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are High Templar's earnings high quality?

High Templar (HTT) has an earnings quality ratio of 0.97x, 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 High Templar?

High Templar (HTT) scores 53 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.