Houston American Financials
This page shows Houston American (HUSA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Houston American’s FY2025 shows a capital-funded asset build: revenue stayed tiny while financing, debt, and goodwill reshaped the balance sheet.
In the latest year, total assets expanded dramatically even as revenue shrank again, showing the company is adding balance-sheet mass faster than it is generating sales. Paired with operating cash burn of-$8.1M and financing inflow of$15.2M , that means the expansion was funded from outside rather than by the business itself.
The balance sheet looks larger than it looks liquid: current liabilities exceeded current assets, and cash of
This reads more like a pre-scale operating structure than a self-funding business: revenue was only
Financial Health Signals
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 Houston American'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.
Houston American has an operating margin of -7000.8%, meaning the company retains $-7001 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 -1436.8% the prior year.
Houston American's revenue declined 26.7% year-over-year, from $560K to $411K. This contraction results in a growth score of 0/100.
Houston American carries a low D/E ratio of 0.54, meaning only $0.54 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Houston American's current ratio of 0.84 is below the typical benchmark, resulting in a score of 11/100. However, the company holds substantial cash reserves (72% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Houston American generated -$8.1M in operating cash flow, capex of $8.7M consumed most of it, leaving -$16.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Houston American generates a -154.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Houston American passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Houston American generates $0.27 in operating cash flow (-$8.1M OCF vs -$29.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Houston American earns $-71.9 in operating income for every $1 of interest expense (-$28.7M vs $400K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Houston American generated $411K in revenue in fiscal year 2025. This represents a decrease of 26.7% from the prior year.
Houston American's EBITDA was -$28.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 255.2% from the prior year.
Houston American reported -$29.5M in net income in fiscal year 2025. This represents a decrease of 716.2% from the prior year.
Cash & Balance Sheet
Houston American generated -$16.7M in free cash flow in fiscal year 2025, representing cash available after capex.
Houston American held $4.6M in cash against $10.2M in long-term debt as of fiscal year 2025.
Houston American had 35M shares outstanding in fiscal year 2025. This represents an increase of 9.0% from the prior year.
Margins & Returns
Houston American's operating margin was -7000.8% in fiscal year 2025, reflecting core business profitability. This is down 5563.9 percentage points from the prior year.
Houston American's net profit margin was -7172.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6528.3 percentage points from the prior year.
Houston American's ROE was -154.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Houston American invested $752K in research and development in fiscal year 2025. This represents a decrease of 54.4% from the prior year.
Houston American invested $8.7M in capex in fiscal year 2025, funding long-term assets and infrastructure.
HUSA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $133K | N/A | $200K+80.9% | $111K+8.0% | $102K-38.5% | $166K+27.8% | $130K+12.5% | $116K |
| 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 | $209K | N/A | N/A | N/A | $607K | N/A | $111K | N/A |
| SG&A Expenses | $4.6M | N/A | $16.6M+902.5% | $1.7M+67.2% | $993K-23.2% | $1.3M+198.4% | $433K+21.8% | $356K |
| Operating Income | -$5.1M | N/A | -$20.1M-1004.0% | -$1.8M-13.6% | -$1.6M+76.0% | -$6.7M-1127.4% | -$545K-32.8% | -$410K |
| Interest Expense | $99K | N/A | $100K | N/A | $99K | N/A | $100K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$5.2M | N/A | -$20.4M-1036.9% | -$1.8M-77.5% | -$1.0M+72.7% | -$3.7M-1215.6% | -$282K-171.0% | $397K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HUSA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $45.6M+43.2% | $31.9M+10.5% | $28.8M+230.8% | $8.7M+21.6% | $7.2M+74.1% | $4.1M-59.6% | $10.2M-2.0% | $10.4M |
| Current Assets | $16.7M+212.1% | $5.4M+127.3% | $2.4M-68.4% | $7.5M+27.6% | $5.9M+585.5% | $854K-72.2% | $3.1M-12.8% | $3.5M |
| Cash & Equivalents | $16.2M+250.7% | $4.6M+205.4% | $1.5M-78.2% | $7.0M+30.9% | $5.3M+909.6% | $526K-81.5% | $2.8M-15.8% | $3.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $86K+51.9% | $57K+74.1% | $33K-0.7% | $33K-8.8% | $36K-51.9% | $75K-46.3% | $140K+335.7% | $32K |
| Goodwill | $13.0M0.0% | $13.0M0.0% | $13.0M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.3M-19.9% | $12.8M+2.4% | $12.5M+4016.7% | $305K+93.3% | $158K-97.5% | $6.2M+1599.1% | $365K-17.8% | $443K |
| Current Liabilities | $10.1M+58.0% | $6.4M+0.8% | $6.3M+2521.6% | $242K+154.7% | $95K-98.5% | $6.2M+2014.5% | $293K-16.3% | $350K |
| Long-Term Debt | $6.8M-33.6% | $10.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $35.3M+85.9% | $19.0M+16.7% | $16.3M+93.7% | $8.4M+20.0% | $7.0M+437.1% | -$2.1M-121.2% | $9.8M-1.3% | $10.0M |
| Retained Earnings | -$51.3M-11.4% | -$46.1M-17.5% | -$39.2M+55.5% | -$88.0M-2.1% | -$86.2M-419.5% | -$16.6M+78.5% | -$77.2M-0.2% | -$77.1M |
HUSA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.8M | N/A | -$1.8M-5.5% | -$1.7M-51.2% | -$1.1M-103.1% | -$552K+62.2% | -$1.5M-4076.6% | -$35K |
| Capital Expenditures | $1.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$5.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$1.8M | N/A | -$1.7M-3013.1% | $58K+126.5% | -$218K-150.8% | $429K+2145.2% | $19K+105.7% | -$335K |
| Financing Cash Flow | $17.1M | N/A | $463K-92.0% | $5.8M+388.0% | $1.2M+301.6% | $295K | 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 |
HUSA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -3864.3% | N/A | -10060.3%-8411.8pp | -1648.5%-81.0pp | -1567.4%+2449.2pp | -4016.7%-3598.4pp | -418.3%-64.0pp | -354.3% |
| Net Margin | -3932.7% | N/A | -10203.1%-8579.6pp | -1623.5%-635.5pp | -988.0%+1239.4pp | -2227.4%-2011.1pp | -216.4%-558.9pp | 342.6% |
| Return on Equity | -14.8% | N/A | -125.3%-103.9pp | -21.3%-6.9pp | -14.4% | N/A | -2.9%-6.9pp | 4.0% |
| Return on Assets | -11.5% | N/A | -70.8%-50.2pp | -20.6%-6.5pp | -14.1%+76.0pp | -90.1%-87.4pp | -2.8%-6.6pp | 3.8% |
| Current Ratio | 1.65+0.8 | 0.84+0.5 | 0.37-30.5 | 30.84-30.7 | 61.54+61.4 | 0.14-10.3 | 10.47+0.4 | 10.05 |
| Debt-to-Equity | 0.19-0.3 | 0.54-0.2 | 0.77+0.7 | 0.04+0.0 | 0.02+3.0 | -2.98-3.0 | 0.040.0 | 0.04 |
| FCF Margin | -4084.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.84), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Houston American's annual revenue?
Houston American (HUSA) reported $411K in total revenue for fiscal year 2025. This represents a -26.7% 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 Houston American's revenue growing?
Houston American (HUSA) revenue declined by 26.7% year-over-year, from $560K to $411K in fiscal year 2025.
Is Houston American profitable?
No, Houston American (HUSA) reported a net income of -$29.5M in fiscal year 2025, with a net profit margin of -7172.4%.
What is Houston American's EBITDA?
Houston American (HUSA) had EBITDA of -$28.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Houston American have?
As of fiscal year 2025, Houston American (HUSA) had $4.6M in cash and equivalents against $10.2M in long-term debt.
What is Houston American's operating margin?
Houston American (HUSA) had an operating margin of -7000.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Houston American's net profit margin?
Houston American (HUSA) had a net profit margin of -7172.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Houston American's return on equity (ROE)?
Houston American (HUSA) has a return on equity of -154.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Houston American's free cash flow?
Houston American (HUSA) generated -$16.7M in free cash flow during fiscal year 2025. 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 Houston American's operating cash flow?
Houston American (HUSA) generated -$8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Houston American's total assets?
Houston American (HUSA) had $31.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Houston American's capital expenditures?
Houston American (HUSA) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Houston American spend on research and development?
Houston American (HUSA) invested $752K in research and development during fiscal year 2025.
What is Houston American's current ratio?
Houston American (HUSA) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Houston American's debt-to-equity ratio?
Houston American (HUSA) had a debt-to-equity ratio of 0.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Houston American's return on assets (ROA)?
Houston American (HUSA) had a return on assets of -92.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Houston American's cash runway?
Based on fiscal year 2025 data, Houston American (HUSA) had $4.6M in cash against an annual operating cash burn of $8.1M. This gives an estimated cash runway of approximately 7 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 Houston American's Piotroski F-Score?
Houston American (HUSA) has a Piotroski F-Score of 2 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 Houston American's earnings high quality?
Houston American (HUSA) has an earnings quality ratio of 0.27x, considered low quality (accrual-driven). 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 Houston American cover its interest payments?
Houston American (HUSA) has an interest coverage ratio of -71.9x, meaning it can struggle to cover its interest obligations. 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 Houston American?
Houston American (HUSA) scores 17 out of 100 on our Financial Profile, indicating weak 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.