Hub Cyber Security Ltd. (HUBC) Financials
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 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jul 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HUBC SEC filings page.
Hub Cyber Security Ltd. (HUBC) reported $31.7M in revenue for fiscal year 2025, up 7.1% 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 (10-K and 10-Q reports).
HUB’s operating model remains cash-consuming: modest revenue recovery coexists with shrinking assets, rising liabilities, and financing dependence.
Profit deterioration is increasingly financial, not operational alone: FY2025 operating loss was$70.3M , while a$49.2M interest expense helped drive the net loss to$119.8M from$39.8M in FY2024. At the same time, revenue rose7.1% but gross margin slipped only 0.4 percentage points, separating relatively stable unit economics from sharply worsening financing costs.
Cash conversion is weak but closely tracks reported losses: FY2025 operating cash flow was
The balance sheet is increasingly liability-funded: FY2025 liabilities reached
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. 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 Hub Cyber Security Ltd.'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.
Not available for Hub Cyber Security Ltd., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Hub Cyber Security Ltd. had 36M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Hub Cyber Security Ltd. scores 5/100 among other emerging companies.
Hub Cyber Security Ltd. spent $2.7M on research and development in fiscal year 2025, which was 2.7% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Hub Cyber Security Ltd. scores 17/100 among other emerging companies.
Hub Cyber Security Ltd. reported revenue of $31.7M in fiscal year 2025, against $29.6M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Hub Cyber Security Ltd. scores 26/100 among other emerging companies.
Hub Cyber Security Ltd.'s operations used $31.4M of cash in fiscal year 2025, against $17.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Hub Cyber Security Ltd. scores 21/100 among other emerging companies.
Not available for Hub Cyber Security Ltd., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Hub Cyber Security Ltd. scores -38.52, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $346.0M against total assets of $21.5M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Hub Cyber Security Ltd. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
Hub Cyber Security Ltd. reported a net loss of $119.8M while operations used $31.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Hub Cyber Security Ltd. reported an operating loss of $70.3M against $49.2M 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
Hub Cyber Security Ltd. generated $31.7M in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
Hub Cyber Security Ltd.'s EBITDA was -$68.4M 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.
Hub Cyber Security Ltd. reported a net loss of $119.8M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Hub Cyber Security Ltd. earned -$105.20 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Hub Cyber Security Ltd. recorded an outflow of $31.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Hub Cyber Security Ltd. held $1.8M 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
Hub Cyber Security Ltd.'s gross margin was 16.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
Hub Cyber Security Ltd. invested $2.7M in research and development in fiscal year 2025. This represents an increase of 37.1% from the prior year.
Hub Cyber Security Ltd. invested $33K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 60.7% from the prior year.
Not reported for fiscal year 2025.
HUBC 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 | $31.7M+7.1% | $29.6M-30.7% | $42.7M-14.7% | $50.0M+69.3% | $29.5M+77618.4% | $38K |
| Cost of Revenue | $26.4M+7.6% | $24.5M-41.5% | $41.9M-8.7% | $45.9M+85.8% | $24.7M | N/A |
| Gross Profit | $5.3M+4.8% | $5.0M+572.9% | $750K-81.7% | $4.1M-15.2% | $4.8M+12592.1% | $38K |
| R&D Expenses | $2.7M+37.1% | $2.0M-66.0% | $5.9M+5.6% | $5.6M-3.8% | $5.8M+307.3% | $1.4M |
| Operating Income | -$70.3Mn/m | -$26.2Mn/m | -$77.7Mn/m | -$80.4Mn/m | -$13.0Mn/m | -$2.7M |
| EBITDA | -$68.4Mn/m | -$23.8Mn/m | -$70.1Mn/m | -$72.6Mn/m | -$11.1Mn/m | -$2.6M |
| Interest Expense | $49.2M+15786.5% | $310K+142.2% | $128K+753.3% | $15K-94.9% | $296K+199.0% | $99K |
| Income Tax | $743K+33.4% | $557K+225.7% | $171Kn/m | -$776K-396.2% | $262K | N/A |
| Net Income | -$119.8Mn/m | -$39.8Mn/m | -$87.4Mn/m | -$81.6Mn/m | -$13.0Mn/m | -$2.8M |
| EPS (Basic) | -$105.20 | -$14.30 | -$88.20 | -$0.96 | -$1.74 | N/A |
| EPS (Diluted) | -$105.20 | -$14.30 | -$88.20 | -$0.96 | -$0.12 | -$0.04 |
| Diluted Shares (Avg) | 1,122 | 3M | 968,600 | 852,887 | 8M | N/A |
Not reported in any period shown, so not listed: SG&A Expenses.
HUBC 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 | $21.5M-21.6% | $27.4M-15.9% | $32.6M-56.4% | $74.8M-38.1% | $120.7M | N/A |
| Current Assets | $16.1M-12.5% | $18.4M-8.5% | $20.1M-39.4% | $33.2M-33.3% | $49.8M | N/A |
| Cash & Equivalents | $1.8M-42.9% | $3.1M-12.4% | $3.5M-11.8% | $4.0M-71.4% | $14.0M+1007.3% | $1.3M |
| Inventory | N/A | N/A | N/A | $1.9M+3.4% | $1.8M | N/A |
| Accounts Receivable | $10.5M | N/A | $11.0M-55.6% | $24.7M | N/A | N/A |
| Goodwill | $2.1M+14.3% | $1.9M-24.0% | $2.5M-82.0% | $13.7M-57.2% | $32.0M | N/A |
| Total Liabilities | $137.1M+26.7% | $108.2M+25.7% | $86.1M+25.9% | $68.4M+22.2% | $55.9M | N/A |
| Current Liabilities | $135.6M+27.9% | $106.1M+31.8% | $80.5M+39.2% | $57.8M+52.4% | $38.0M | N/A |
| Non-Current Liabilities | $1.5M-28.6% | $2.2M-24.1% | $2.8M-73.0% | $10.5M-41.4% | $18.0M | N/A |
| Long-Term Debt | N/A | $13.5M+13.9% | $11.9M-11.6% | $13.4M+19.1% | $11.3M | N/A |
| Total Equity | -$115.6Mn/m | -$80.8Mn/m | -$53.5M-934.4% | $6.4M-90.1% | $64.8M+9821.4% | $653K |
| Retained Earnings | -$346.0Mn/m | -$226.2Mn/m | -$186.5Mn/m | -$99.0Mn/m | -$17.4M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
HUBC 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 | -$31.4Mn/m | -$17.1Mn/m | -$16.2Mn/m | -$23.4Mn/m | -$5.3Mn/m | -$2.9M |
| Depreciation & Amortization | $1.9M-20.3% | $2.4M-68.8% | $7.6M-2.0% | $7.8M+320.5% | $1.9M+5350.0% | $34K |
| Capital Expenditures | $33K-60.7% | $84K-71.7% | $297K-52.4% | $624K+37.7% | $453K+2165.0% | $20K |
| Free Cash Flow | -$31.4Mn/m | -$17.2Mn/m | -$16.5Mn/m | -$24.1Mn/m | -$5.7Mn/m | -$2.9M |
| Investing Cash Flow | -$133Kn/m | -$452K-121.2% | $2.1Mn/m | -$6.5Mn/m | -$16.0Mn/m | -$20K |
| Financing Cash Flow | $25.3M+47.5% | $17.2M+32.9% | $12.9M-37.4% | $20.7M-36.8% | $32.7M+1313.9% | $2.3M |
| Dividends Paid | N/A | N/A | N/A | $95K | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $1.2M | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation.
HUBC 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 | 16.7%-0.4pp | 17.1%+15.3pp | 1.8%-6.4pp | 8.2%-8.2pp | 16.3%-83.7pp | 100.0% |
| Operating Margin | -222.0% | -88.7% | -182.2% | -160.8% | -43.9% | -7036.8% |
| Net Margin | -378.3% | -134.5% | -205.0% | -163.2% | -44.1% | -7263.2% |
| Return on Equity | N/A | N/A | N/A | -1272.3%-1252.2pp | -20.1%+402.6pp | -422.7% |
| Return on Assets | -557.2%-412.2pp | -145.0%+123.3pp | -268.3%-159.2pp | -109.1%-98.3pp | -10.8% | N/A |
| Current Ratio | 0.12-0.1x | 0.17-0.1x | 0.25-0.3x | 0.57-0.7x | 1.31 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | 2.09+1.9x | 0.17 | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | 10.66+9.8x | 0.86 | N/A |
| Asset Turnover | 1.47+0.4x | 1.08-0.2x | 1.31+0.6x | 0.67+0.4x | 0.24 | N/A |
| FCF Margin | -99.3%-41.1pp | -58.2%-19.5pp | -38.7%+9.4pp | -48.1%-28.7pp | -19.4% | -7576.3% |
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, FCF Margin.
Note: Shareholder equity is negative (-$115.6M), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hub Cyber Security Ltd. HUBC | FY2025 | $31.7M | -$119.8M | N/A | $269K | 17/100 |
| Micropolis AI Robotics MCRP | FY2024 | $35K | -$6.1M | N/A | $13.8M | — |
| VirnetX Holding Corp VHC | FY2025 | $162K | -$18.2M | N/A | $44.0M | — |
| Aurora Mobile Limited JG | FY2025 | $53.6M | $60K | 0.1% | $43.9M | 35/100 |
Where Hub Cyber Security Ltd. Ranks
Frequently Asked Questions
What is Hub Cyber Security Ltd.'s annual revenue?
Hub Cyber Security Ltd. (HUBC) reported $31.7M in total revenue for fiscal year 2025. This represents a 7.1% 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 Hub Cyber Security Ltd.'s revenue growing?
Hub Cyber Security Ltd. (HUBC) revenue grew by 7.1% year-over-year, from $29.6M to $31.7M in fiscal year 2025.
Is Hub Cyber Security Ltd. profitable?
No, Hub Cyber Security Ltd. (HUBC) reported a net loss of $119.8M in fiscal year 2025.
What is Hub Cyber Security Ltd.'s EBITDA?
Hub Cyber Security Ltd. (HUBC) had EBITDA of -$68.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hub Cyber Security Ltd.'s gross margin?
Hub Cyber Security Ltd. (HUBC) had a gross margin of 16.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hub Cyber Security Ltd.'s free cash flow?
Hub Cyber Security Ltd. (HUBC) recorded an outflow of $31.4M 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 Hub Cyber Security Ltd.'s operating cash flow?
Hub Cyber Security Ltd. (HUBC) recorded an outflow of $31.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Hub Cyber Security Ltd.'s total assets?
Hub Cyber Security Ltd. (HUBC) had $21.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hub Cyber Security Ltd.'s capital expenditures?
Hub Cyber Security Ltd. (HUBC) invested $33K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Hub Cyber Security Ltd. spend on research and development?
Hub Cyber Security Ltd. (HUBC) invested $2.7M in research and development during fiscal year 2025.
What is Hub Cyber Security Ltd.'s current ratio?
Hub Cyber Security Ltd. (HUBC) had a current ratio of 0.12 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Hub Cyber Security Ltd.'s return on assets (ROA)?
Hub Cyber Security Ltd. (HUBC) had a return on assets of -557.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hub Cyber Security Ltd.'s P/E ratio?
Hub Cyber Security Ltd. (HUBC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $269K as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hub Cyber Security Ltd.'s price-to-sales ratio?
Hub Cyber Security Ltd. (HUBC) trades at 0.0x sales, its market capitalization divided by $31.7M revenue, FY2025. The market capitalization is $269K as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Hub Cyber Security Ltd.'s debt-to-equity ratio negative or not reported?
Hub Cyber Security Ltd. (HUBC) has negative shareholder equity of -$115.6M 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.
What is Hub Cyber Security Ltd.'s Altman Z-Score?
Hub Cyber Security Ltd. (HUBC) has an Altman Z-Score of -38.52, placing it in the Distress Zone (elevated 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 Hub Cyber Security Ltd.'s Piotroski F-Score?
Hub Cyber Security Ltd. (HUBC) has a Piotroski F-Score of 2 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.
Are Hub Cyber Security Ltd.'s earnings high quality?
Hub Cyber Security Ltd. (HUBC) reported a net loss of $119.8M while operations used $31.4M of cash. With neither figure positive, 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.
Can Hub Cyber Security Ltd. cover its interest payments?
Hub Cyber Security Ltd. (HUBC) reported an operating loss of $70.3M against $49.2M 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 Hub Cyber Security Ltd.?
Hub Cyber Security Ltd. (HUBC) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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. For Hub Cyber Security Ltd. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.