What is Sunhydrogen Inc's earnings per share (EPS)?

Sunhydrogen Inc (HYSR) reported diluted earnings per share of $0.00 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sunhydrogen Inc Financials

HYSR

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE June

This page shows Sunhydrogen Inc (HYSR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 HYSR FY2025 2026-05-09

SunHydrogen looks like a cash-funded research platform, where equity capital funds experimentation more than debt or hard assets.

By FY2025, cash covered about 9x annual operating burn: $34.6M of cash against $3.6M of operating cash outflow. The net loss overstated near-term cash strain, with net loss at $8.2M versus operating cash burn of $3.6M, so earnings were pulled down more by non-cash items than by immediate liquidity pressure.

The higher FY2025 burn came from research intensity, not overhead creep: R&D rose to $3.4M from $2.6M while SG&A stayed essentially flat. That leaves the cost structure looking more like equity-funded flexibility than a company carrying a large permanent operating footprint.

The business is asset-light but cash-consuming: free cash flow nearly matched operating cash outflow in FY2025, at -$3.7M and -$3.6M. With capital spending of only $17K and little creditor pressure, most cash use is going into ongoing operations rather than maintaining a heavy asset base.

Financial Health Signals

Financial Profile 33/100

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 Sunhydrogen Inc'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.

Leverage

100

Sunhydrogen Inc carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns

Sunhydrogen Inc generates a -22.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -23.7% the prior year.

Piotroski F-Score Weak

2/9

Sunhydrogen Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.44x

For every $1 of reported earnings, Sunhydrogen Inc generates $0.44 in operating cash flow (-$3.6M OCF vs -$8.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-9291.0x

Sunhydrogen Inc earns $-9291.0 in operating income for every $1 of interest expense (-$5.8M vs $626). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$5.8M

YoY-16.5%

Sunhydrogen Inc's EBITDA was -$5.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.5% from the prior year.

Net Income

-$8.2M

YoY+16.7%

Sunhydrogen Inc reported -$8.2M in net income in fiscal year 2025. This represents an increase of 16.7% from the prior year.

EPS (Diluted)

$0.00

Sunhydrogen Inc earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$3.7M

YoY-96.4%

Sunhydrogen Inc generated -$3.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 96.4% from the prior year.

Cash & Debt

$34.6M

YoY-11.3%

5Y CAGR+181.8%

10Y CAGR+96.9%

Sunhydrogen Inc held $34.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

5.44B

YoY+6.9%

5Y CAGR+21.5%

10Y CAGR+27.6%

Sunhydrogen Inc had 5.44B shares outstanding in fiscal year 2025. This represents an increase of 6.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-22.5%

YoY+1.2pp

Sunhydrogen Inc's ROE was -22.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.4M

YoY+33.9%

5Y CAGR+41.1%

10Y CAGR+45.4%

Sunhydrogen Inc invested $3.4M in research and development in fiscal year 2025. This represents an increase of 33.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$17K

YoY-26.9%

5Y CAGR+85.2%

Sunhydrogen Inc invested $17K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 26.9% from the prior year.

HYSR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	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
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$3.4M+33.9%	$2.6M-25.3%	$3.4M+91.9%	$1.8M-10.3%	$2.0M+224.4%	$616K
SG&A Expenses	$2.3M0.0%	$2.3M-58.7%	$5.7M+149.3%	$2.3M-38.3%	$3.7M+247.5%	$1.1M
Operating Income	-$5.8M-16.3%	-$5.0M+46.0%	-$9.3M-107.1%	-$4.5M+22.9%	-$5.8M	N/A
Interest Expense	$626-99.8%	$255K+253.2%	$72K-86.6%	$539K-3.9%	$560K-39.9%	$932K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$8.2M+16.7%	-$9.9M-1113.5%	$975K-98.9%	$90.0M+210.5%	-$81.5M	N/A
EPS (Diluted)	$0.00	$0.00	$0.00-100.0%	$0.02+150.0%	$-0.04	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$1K	N/A	$1K	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	$943K-2.7%	$969K-19.2%	$1.2M	N/A	$1.1M+81.2%	$626K+3.0%	$608K	N/A
SG&A Expenses	$731K+9.5%	$667K-5.5%	$706K	N/A	$993K+59.8%	$622K+48.4%	$419K	N/A
Operating Income	-$1.7M-3.6%	-$1.7M+13.2%	-$1.9M	N/A	-$2.1M-69.9%	-$1.3M-21.4%	-$1.0M	N/A
Interest Expense	$626	N/A	N/A	N/A	N/A	$83-84.7%	$543	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.5M-2.4%	-$1.5M+3.9%	-$1.6M	N/A	-$1.7M+49.9%	-$3.5M-69.6%	-$2.0M	N/A
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00	N/A

HYSR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$37.9M-12.6%	$43.4M-15.3%	$51.2M-1.9%	$52.2M-7.2%	$56.2M+19173.8%	$292K
Current Assets	$37.7M-12.6%	$43.1M-10.2%	$48.0M-7.7%	$52.0M-7.1%	$56.0M+27302.1%	$204K
Cash & Equivalents	$34.6M-11.3%	$39.0M+5.0%	$37.2M+34.3%	$27.7M-50.6%	$56.0M+28619.8%	$195K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$675K-11.1%	$760K+101.5%	$377K-98.6%	$27.3M-80.0%	$136.8M+120.2%	$62.1M
Current Liabilities	N/A	$760K+123.2%	$340K-98.7%	$27.2M-80.0%	$136.1M+124.4%	$60.7M
Long-Term Debt	N/A	N/A	N/A	$828K-34.9%	$1.3M	N/A
Total Equity	$36.6M-12.3%	$41.7M-16.1%	$49.7M+101.9%	$24.6M+130.6%	-$80.6M-30.3%	-$61.8M
Retained Earnings	-$100.1M-9.0%	-$91.9M-12.1%	-$82.0M+1.2%	-$82.9M+52.0%	-$173.0M-129.0%	-$75.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$33.9M-1.6%	$34.5M-3.5%	$35.7M-5.8%	$37.9M-1.7%	$38.6M-3.6%	$40.0M-7.8%	$43.4M0.0%	$43.4M
Current Assets	$33.8M-1.6%	$34.3M-3.5%	$35.5M-5.8%	$37.7M-1.7%	$38.4M-3.6%	$39.8M-7.8%	$43.1M0.0%	$43.1M
Cash & Equivalents	$13.1M-9.3%	$14.4M-56.9%	$33.5M-3.4%	$34.6M+7.5%	$32.2M-18.8%	$39.6M-2.2%	$40.5M+3.7%	$39.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$1K	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$725K-2.2%	$741K-3.4%	$767K+13.6%	$675K+66.2%	$406K-22.4%	$523K-10.8%	$587K-22.7%	$760K
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$760K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.9M-0.9%	$33.2M-3.5%	$34.5M-5.8%	$36.6M-2.4%	$37.5M-3.4%	$38.8M-7.3%	$41.9M+0.4%	$41.7M
Retained Earnings	-$104.7M-1.5%	-$103.1M-1.5%	-$101.6M-1.6%	-$100.1M-1.0%	-$99.1M-1.8%	-$97.4M-3.7%	-$93.9M-2.2%	-$91.9M

HYSR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.6M-97.9%	-$1.8M+56.8%	-$4.3M-24.1%	-$3.4M+36.1%	-$5.4M-673.2%	-$696K
Capital Expenditures	$17K-26.9%	$23K-31.2%	$34K	N/A	$214K+27318.7%	$780
Free Cash Flow	-$3.7M-96.4%	-$1.9M+56.6%	-$4.3M	N/A	-$5.6M-703.0%	-$697K
Investing Cash Flow	-$2.9M-200.2%	$2.9M-73.7%	$11.1M+145.5%	-$24.4M-14435.4%	-$168K-21421.3%	-$780
Financing Cash Flow	$2.2M+176.0%	$781K-70.7%	$2.7M+643.9%	-$490K-100.8%	$61.4M+7063.9%	$857K
Dividends Paid	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

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$1.6M-40.1%	-$1.1M+6.4%	-$1.2M-75.3%	-$676K+51.7%	-$1.4M-62.1%	-$865K-22.8%	-$704K-876.6%	-$72K
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	-$108K+99.4%	-$17.9M-1855.1%	$1.0M-67.1%	$3.1M	N/A	N/A	N/A	-$80K
Financing Cash Flow	$332K	$0+100.0%	-$1.0M	$0	$0+100.0%	-$9K-100.4%	$2.2M+11429.5%	-$19K
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

HYSR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-22.5%+1.2pp	-23.7%-25.6pp	2.0%-363.5pp	365.4%	N/A	N/A
Return on Assets	-21.7%+1.1pp	-22.8%-24.7pp	1.9%-170.5pp	172.4%+317.3pp	-144.9%	N/A
Current Ratio	N/A	56.81-84.4	141.16+139.2	1.92+1.5	0.41+0.4	0.00
Debt-to-Equity	0.020.0	0.02+0.0	0.01-0.0	0.03+0.0	-0.02+1.0	-1.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-138329.8%	N/A	-153851.6%	N/A	N/A	N/A	N/A	N/A
Net Margin	-122750.6%	N/A	-124782.2%	N/A	N/A	N/A	N/A	N/A
Return on Equity	-4.7%-0.2pp	-4.5%+0.0pp	-4.5%	N/A	-4.6%+4.3pp	-8.9%-4.0pp	-4.9%	N/A
Return on Assets	-4.5%-0.2pp	-4.3%+0.0pp	-4.4%	N/A	-4.5%+4.2pp	-8.7%-4.0pp	-4.7%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	56.81
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.020.0	0.010.0	0.010.0	0.010.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Sunhydrogen Inc profitable?

No, Sunhydrogen Inc (HYSR) reported a net income of -$8.2M in fiscal year 2025.

What is Sunhydrogen Inc's EBITDA?

Sunhydrogen Inc (HYSR) had EBITDA of -$5.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Sunhydrogen Inc's return on equity (ROE)?

Sunhydrogen Inc (HYSR) has a return on equity of -22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Sunhydrogen Inc's free cash flow?

Sunhydrogen Inc (HYSR) generated -$3.7M in free cash flow during fiscal year 2025. This represents a -96.4% 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 Sunhydrogen Inc's operating cash flow?

Sunhydrogen Inc (HYSR) generated -$3.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sunhydrogen Inc's total assets?

Sunhydrogen Inc (HYSR) had $37.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Sunhydrogen Inc's capital expenditures?

Sunhydrogen Inc (HYSR) invested $17K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Sunhydrogen Inc spend on research and development?

Sunhydrogen Inc (HYSR) invested $3.4M in research and development during fiscal year 2025.

How many shares does Sunhydrogen Inc have outstanding?

Sunhydrogen Inc (HYSR) had 5.44B shares outstanding as of fiscal year 2025.

What is Sunhydrogen Inc's debt-to-equity ratio?

Sunhydrogen Inc (HYSR) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sunhydrogen Inc's return on assets (ROA)?

Sunhydrogen Inc (HYSR) had a return on assets of -21.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Sunhydrogen Inc's cash runway?

Based on fiscal year 2025 data, Sunhydrogen Inc (HYSR) had $34.6M in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 114 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 Sunhydrogen Inc's Piotroski F-Score?

Sunhydrogen Inc (HYSR) 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 Sunhydrogen Inc's earnings high quality?

Sunhydrogen Inc (HYSR) has an earnings quality ratio of 0.44x, 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 Sunhydrogen Inc cover its interest payments?

Sunhydrogen Inc (HYSR) has an interest coverage ratio of -9291.0x, 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 Sunhydrogen Inc?

Sunhydrogen Inc (HYSR) scores 33 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.