What is Indoor Harvest's earnings per share (EPS)?

Indoor Harvest (INQD) reported diluted earnings per share of $0.00 for fiscal year 2023. 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.

Indoor Harvest Financials

INQD

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2024 Currency USD FYE December

This page shows Indoor Harvest (INQD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 INQD FY2023 2026-04-22

Balance-sheet shrinkage rather than operating results is the clearest mechanic here, with liquidity collapsing after a brief FY2021-FY2022 stabilization.

The non-obvious shift is that FY2023 did not merely weaken; it reversed the prior repair, as the current ratio fell from 1.9x in FY2022 to 0.03x while equity swung from positive to negative. That combination means the company moved from barely self-supporting to again being financed by obligations it did not cover with near-term assets.

Share count expansion from 2.58B in FY2021 to 3.11B in FY2023 coincided with a deeper retained deficit, so added shares were not building a stronger balance sheet. The FY2021-FY2022 improvement looks more like a temporary recapitalization than a durable operating reset, because assets peaked in FY2022 and then fell sharply by FY2023.

Some figures from recent filings were inconsistent and were omitted from this summary.

Financial Health Signals

Financial Profile 15/100

Based on FY2023 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 Indoor Harvest'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

Indoor Harvest carries a low D/E ratio of -1.03, meaning only $-1.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Indoor Harvest's current ratio of 0.03 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$0.00

Indoor Harvest earned $0.00 per diluted share (EPS) in fiscal year 2023.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

3.11B

YoY+15.3%

Indoor Harvest had 3.11B shares outstanding in fiscal year 2023. This represents an increase of 15.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

INQD Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
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	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$1.8M	N/A	N/A	N/A	$439K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	$42K	N/A	N/A	$122K
Income Tax	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
EPS (Diluted)	$0.00	$0.00	$0.00+100.0%	$-0.17	$-0.05	$-0.12

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
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	$67K	N/A	$69K	N/A	$77K	N/A	$324K-53.8%	$700K
Operating Income	N/A	N/A	-$258K	N/A	-$384K	N/A	-$575K+55.2%	-$1.3M
Interest Expense	$18K	N/A	$61K	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	-$372K+46.3%	-$692K-85.1%	-$374K	N/A	-$573K+55.4%	-$1.3M
EPS (Diluted)	$0.00	N/A	$0.00	$0.00	$0.00	N/A	$0.00	$0.00

INQD Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$37K-93.5%	$579K+145.7%	$236K+7541.9%	$3K-87.7%	$25K-87.8%	$205K
Current Assets	$37K-91.4%	$434K+84.2%	$236K+7541.9%	$3K-82.6%	$18K-90.5%	$187K
Cash & Equivalents	N/A	$226K-2.8%	$233K+19191.6%	$1K-90.2%	$12K-92.1%	$156K
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	$1.3M+468.6%	$233K+61.6%	$144K-99.7%	$44.8M+933.3%	$4.3M+63.0%	$2.7M
Current Liabilities	$1.3M+468.6%	$233K+61.6%	$144K-99.7%	$44.8M+933.3%	$4.3M+63.2%	$2.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$14K
Total Equity	-$1.3M-473.2%	$346K+278.9%	$91K+100.2%	-$44.7M-939.2%	-$4.3M-75.6%	-$2.5M
Retained Earnings	-$30.3M-12.1%	-$27.1M-14.2%	-$23.7M+61.3%	-$61.2M-310.8%	-$14.9M-26.3%	-$11.8M

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Total Assets	$34K-9.3%	$37K-94.1%	$637K+5.7%	$602K+21.8%	$494K-14.6%	$579K+19.7%	$484K+28.6%	$376K
Current Assets	$34K-9.3%	$37K-27.1%	$51K-19.7%	$64K-81.7%	$349K-19.5%	$434K+22.7%	$354K-6.0%	$376K
Cash & Equivalents	$31	N/A	$7K-56.3%	$15K+91.8%	$8K-96.6%	$226K+17.9%	$192K-35.6%	$298K
Inventory	N/A	N/A	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	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6M+20.6%	$1.3M+49.7%	$886K+33.2%	$666K+97.4%	$337K+44.5%	$233K+103.8%	$115K+5.8%	$108K
Current Liabilities	$1.6M+20.6%	$1.3M+49.7%	$886K+33.2%	$666K+97.4%	$337K+44.5%	$233K+103.8%	$115K+5.8%	$108K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.6M-21.5%	-$1.3M-416.0%	-$250K-170.0%	-$93K-158.9%	$157K-54.5%	$346K-6.4%	$369K+37.8%	$268K
Retained Earnings	-$30.7M-1.3%	-$30.3M-6.4%	-$28.5M-5.3%	-$27.1M+1.4%	-$27.4M-1.4%	-$27.1M-1.7%	-$26.6M-2.2%	-$26.0M

INQD Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	N/A	-$870K-155.9%	-$340K	N/A	N/A	-$681K
Capital Expenditures	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
Investing Cash Flow	N/A	-$305K	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	$1.2M+105.7%	$572K+8967.6%	$6K	N/A	$801K
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	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
Operating Cash Flow	$31	N/A	-$789K-2508.0%	$33K+116.6%	-$197K+16.3%	-$235K-112.9%	$1.8M	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	$123K+149.3%	-$251K-75.9%	-$143K-90.0%	-$75K	N/A	N/A
Financing Cash Flow	N/A	N/A	$657K+192.2%	$225K+85.9%	$121K-65.6%	$352K+120.7%	-$1.7M	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

INQD Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
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	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
Current Ratio	0.03-1.8	1.86+0.2	1.63+1.6	0.000.0	0.00-0.1	0.07
Debt-to-Equity	-1.03-1.7	0.68-0.9	1.58+2.6	-1.000.0	-1.01-1.0	-0.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22
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	-237.8%	N/A	-155.3%+324.4pp	-479.7%
Return on Assets	N/A	N/A	-58.4%+56.5pp	-114.9%-39.3pp	-75.6%	N/A	-118.5%+223.0pp	-341.6%
Current Ratio	0.020.0	0.03-0.0	0.06-0.0	0.10-0.9	1.04-0.8	1.86-1.2	3.09-0.4	3.47
Debt-to-Equity	-1.020.0	-1.03+2.5	-3.55+3.6	-7.19-9.3	2.15+1.5	0.68+0.4	0.31-0.1	0.40
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.3M), which causes debt-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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What are Indoor Harvest's total assets?

Indoor Harvest (INQD) had $37K in total assets as of fiscal year 2023, including both current and long-term assets.

How many shares does Indoor Harvest have outstanding?

Indoor Harvest (INQD) had 3.11B shares outstanding as of fiscal year 2023.

What is Indoor Harvest's current ratio?

Indoor Harvest (INQD) had a current ratio of 0.03 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Indoor Harvest's debt-to-equity ratio?

Indoor Harvest (INQD) had a debt-to-equity ratio of -1.03 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Indoor Harvest's debt-to-equity ratio negative or unusual?

Indoor Harvest (INQD) has negative shareholder equity of -$1.3M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

How financially healthy is Indoor Harvest?

Indoor Harvest (INQD) scores 15 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.