Houston American Energy (HUSA) Financials
Ticker history: HUSA became AGIG (Abundia Global Impact Group Inc.) on . Earlier news and filings retain their original names and dates. View HUSA history.
Newest figures come from the 10-Q for Q1 FY2026, filed May 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HUSA SEC filings page.
Houston American Energy Corp (HUSA) reported $411K in revenue for fiscal year 2025, down 26.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The company now relies on financing to support a cost-heavy development business whose revenue is shrinking and cash needs are expanding.
From FY2024 to FY2025, total assets grew674.2% while revenue fell26.7% and liabilities grew107.3% . That combination signals balance-sheet expansion without operating scale: funding is doing more work than sales in sustaining the business.
FY2025 revenue was
Operating cash flow was
Financial Health Signals
We do not publish a peer-relative financial health score for Houston American Energy Corp, because the score only covers companies whose filings and listing give us what it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.
Houston American Energy Corp passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Houston American Energy Corp reported a net loss of $29.5M while operations used $8.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Houston American Energy Corp reported an operating loss of $28.7M against $400K 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
Houston American Energy Corp generated $133K in revenue in Q1 2026. This represents an increase of 29.9% from the same quarter a year earlier.
Houston American Energy Corp's EBITDA was -$5.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Houston American Energy Corp reported a net loss of $5.2M in Q1 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Not reported for Q1 2026.
Cash & Balance Sheet
Houston American Energy Corp recorded an outflow of $5.4M in free cash flow in Q1 2026, representing a cash shortfall after capex.
Houston American Energy Corp held $16.2M in cash against $6.8M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Houston American Energy Corp's quarterly ROE was -14.8% in Q1 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.4 percentage points from the same quarter a year earlier.
Not reported for Q1 2026.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Houston American Energy Corp invested $209K in research and development in Q1 2026. This represents a decrease of 65.6% from the same quarter a year earlier.
Houston American Energy Corp invested $1.7M in capex in Q1 2026, funding long-term assets and infrastructure.
Not reported for Q1 2026.
HUSA 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 | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'25 | Q1'25 | Q4'2410-K/A | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $133K+29.9% | N/A | $200K+53.6% | $111K-4.5% | $102K-30.7% | $166K-32.5% | $130K+15.3% | $116K-43.3% |
| R&D Expenses | $209K-65.6% | N/A | N/A | N/A | $607K | $50K | $111K | N/A |
| SG&A Expenses | $4.6M+361.7% | N/A | $16.6M+3739.8% | $1.7M+366.6% | $993K+177.4% | $725K+63.6% | $433K+19.4% | $356K-50.4% |
| Operating Income | -$5.1Mn/m | N/A | -$20.1Mn/m | -$1.8Mn/m | -$1.6Mn/m | -$4.7Mn/m | -$545Kn/m | -$410Kn/m |
| EBITDA | -$5.1Mn/m | N/A | -$20.1Mn/m | -$1.8Mn/m | -$1.6Mn/m | -$6.8Mn/m | -$505Kn/m | -$382Kn/m |
| Interest Expense | $99K0.0% | N/A | $100K0.0% | N/A | $99K | N/A | $100K | N/A |
| Net Income | -$5.2Mn/m | N/A | -$20.4Mn/m | -$1.8M-552.4% | -$1.0Mn/m | -$1.7Mn/m | -$282K-226.2% | $397Kn/m |
| EPS (Basic) | -$0.13 | N/A | -$0.60 | -$1.11 | -$0.03 | N/A | -$0.01 | -$0.08 |
| Diluted Shares (Avg) | 40M | N/A | 34M | 2M | 32M | N/A | 32M | 1M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax, EPS (Diluted).
HUSA 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 | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'25 | Q1'25 | Q4'2410-K/A | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $45.6M+536.8% | $31.9M+674.2% | $28.8M+182.8% | $8.7M-16.2% | $7.2M-31.7% | $4.1M-60.4% | $10.2M-27.0% | $10.4M-21.7% |
| Current Assets | $16.7M+185.7% | $5.4M+527.7% | $2.4M-23.1% | $7.5M+112.3% | $5.9M+50.0% | $854K-79.5% | $3.1M-37.5% | $3.5M-41.3% |
| Cash & Equivalents | $16.2M+205.2% | $4.6M+778.4% | $1.5M-46.9% | $7.0M+105.6% | $5.3M+41.5% | $526K-87.0% | $2.8M-36.1% | $3.4M-38.9% |
| Accounts Receivable | $86K+139.5% | $57K-24.2% | $33K-76.6% | $33K+2.5% | $36K+32.8% | $75K+4.7% | $140K-60.1% | $32K-88.5% |
| Goodwill | $13.0M | $13.0M | $13.0M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.3M+6429.5% | $12.8M+107.3% | $12.5M+3340.0% | $305K-31.3% | $158K-65.8% | $6.2M+1516.7% | $365K-51.2% | $443K+31.2% |
| Current Liabilities | $10.1M+10537.7% | $6.4M+3.4% | $6.3M+2067.2% | $242K-30.8% | $95K-72.5% | $6.2M+2388.1% | $293K-50.7% | $350K+109.2% |
| Non-Current Liabilities | $173K+177.1% | $6.4M+11161.7% | $6.2M+8545.2% | $62K-33.2% | $62K-45.5% | $57K-57.4% | $72K-53.2% | $93K-45.2% |
| Long-Term Debt | $6.8M | $10.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $35.3M+404.3% | $19.0Mn/m | $16.3M+65.8% | $8.4M-15.5% | $7.0M-30.1% | -$2.1M-120.8% | $9.8M-25.6% | $10.0M-23.0% |
| Retained Earnings | -$51.3Mn/m | -$46.1Mn/m | -$39.2Mn/m | -$88.0Mn/m | -$86.2Mn/m | -$16.6Mn/m | -$77.2Mn/m | -$77.1Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
HUSA 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 | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'25 | Q1'25 | Q4'2410-K/A | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.8Mn/m | N/A | -$1.8Mn/m | -$1.7Mn/m | -$1.1M-1013.5% | -$552K-216.3% | -$1.5M-24424.5% | -$35Kn/m |
| Depreciation & Amortization | $70K+1564.3% | N/A | $40K+0.1% | $45K+59.4% | $4K-87.9% | $57K+9.7% | $40K+68.4% | $28K-37.5% |
| Stock-Based Compensation | $211K+1401.9% | N/A | N/A | $50K+292.5% | $14K-72.3% | N/A | $19K-62.4% | $13K-83.6% |
| 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 | -$1.8Mn/m | N/A | -$1.7M-8896.1% | $58Kn/m | -$218Kn/m | $429Kn/m | $19Kn/m | -$335Kn/m |
| Financing Cash Flow | $17.1M+1339.6% | N/A | $463K | $5.8M | $1.2M | $295Kn/m | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
HUSA 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 | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'25 | Q1'25 | Q4'2410-K/A | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -3864.3% | N/A | -10060.3% | -1648.5% | -1567.4% | -2843.2% | -418.3% | -354.3% |
| Net Margin | -3932.7% | N/A | -10203.1% | -1623.5% | -988.0% | -996.2% | -216.4% | 342.6% |
| Return on Equity | -14.8%-0.4pp | N/A | -125.3%-122.4pp | -21.3%-25.3pp | -14.4%-14.3pp | N/A | -2.9%-4.6pp | 4.0%+4.7pp |
| Return on Assets | -11.5%+2.7pp | N/A | -70.8%-68.0pp | -20.6%-24.4pp | -14.1%-14.0pp | -40.3%-7.1pp | -2.8%-4.4pp | 3.8%+4.5pp |
| Current Ratio | 1.65-59.9x | 0.84+0.7x | 0.37-10.1x | 30.84+20.8x | 61.54+50.3x | 0.14-16.6x | 10.47+2.2x | 10.05-25.8x |
| Debt-to-Equity | 0.19 | 0.54 | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.29+0.3x | 0.68 | 0.77+0.7x | 0.040.0x | 0.020.0x | N/A | 0.040.0x | 0.040.0x |
| Asset Turnover | 0.000.0x | N/A | 0.010.0x | 0.010.0x | 0.010.0x | 0.040.0x | 0.010.0x | 0.010.0x |
| FCF Margin | -4084.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross 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, FCF Margin.
Note: The current ratio is below 1.0 (0.84), 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Houston American Energy Corp HUSA | FY2025 | $411K | -$29.5M | N/A | N/A | — |
| PEDEVCO Corp. PED | FY2025 | $45.8M | -$10.4M | -22.7% | $197.8M | 45/100 |
| Barnwell Industries, Inc. BRN | FY2025 | $13.7M | -$7.1M | -51.9% | $12.4M | 24/100 |
| Texas Pacific Land Corporation TPL | FY2025 | $798.2M | $481.4M | 60.3% | $18.8B | 89/100 |
| Antero Resources Corporation AR | FY2025 | $5.3B | $634.4M | 12.0% | $11.1B | 38/100 |
| Greenfire Resources Ltd. GFR | FY2025 | $426.2M | $34.6M | 8.1% | $1.3B | 51/100 |
Where Houston American Energy Corp Ranks
Frequently Asked Questions
Houston American Energy Corp (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.
Houston American Energy Corp (HUSA) revenue declined by 26.7% year-over-year, from $560K to $411K in fiscal year 2025.
No, Houston American Energy Corp (HUSA) reported a net loss of $29.5M in fiscal year 2025.
Houston American Energy Corp (HUSA) had EBITDA of -$28.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Houston American Energy Corp (HUSA) had $4.6M in cash and equivalents against $10.2M in long-term debt.
Houston American Energy Corp (HUSA) has a return on equity of -154.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Houston American Energy Corp (HUSA) recorded an outflow of $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.
Houston American Energy Corp (HUSA) recorded an outflow of $8.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Houston American Energy Corp (HUSA) had $31.9M in total assets as of fiscal year 2025, including both current and long-term assets.
Houston American Energy Corp (HUSA) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Houston American Energy Corp (HUSA) invested $752K in research and development during fiscal year 2025.
Houston American Energy Corp (HUSA) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Houston American Energy Corp (HUSA) had a debt-to-equity ratio of 0.54 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Houston American Energy Corp (HUSA) had a liabilities-to-equity ratio of 0.68 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.
Houston American Energy Corp (HUSA) had a return on assets of -92.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, Houston American Energy Corp (HUSA) held $4.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.1M over that year. Dividing the one by the other, the reported balance equals about 7 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.
Houston American Energy Corp (HUSA) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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.
Houston American Energy Corp (HUSA) reported a net loss of $29.5M while operations used $8.1M 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.
Houston American Energy Corp (HUSA) reported an operating loss of $28.7M against $400K 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.