Iron Horse Acquisitions Financials

IROHU

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Iron Horse Acquisitions (IROHU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

Iron Horse Acquisitions passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

-0.74x

For every $1 of reported earnings, Iron Horse Acquisitions generates $-0.74 in operating cash flow (-$1.0M OCF vs $1.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$1.4M

YoY+545.5%

Iron Horse Acquisitions reported $1.4M in net income in fiscal year 2024. This represents an increase of 545.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$41.4M

YoY+6206.6%

Iron Horse Acquisitions held $41.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

48M

Iron Horse Acquisitions had 48M shares outstanding in fiscal year 2024. This represents an increase of 2285.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

12.7%

YoY+30879212.7pp

Iron Horse Acquisitions's ROE was 12.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 30879212.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

IROHU Income Statement

Metric	FY24	FY23	FY22
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	-$1.7M-453.3%	-$309K-70.7%	-$181K
Interest Expense	N/A	N/A	N/A
Income Tax	$747K+330427.4%	-$226	N/A
Net Income	$1.4M+545.5%	-$309K-70.6%	-$181K
EPS (Diluted)	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$7.9M	N/A	N/A	N/A	$4.3M	N/A	N/A	N/A
Cost of Revenue	$2.3M	N/A	N/A	N/A	$1.3M	N/A	N/A	N/A
Gross Profit	$5.6M	N/A	N/A	N/A	$2.9M	N/A	N/A	N/A
R&D Expenses	$38K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$438K	N/A	N/A	N/A	$509K	N/A	N/A	N/A
Operating Income	$4.6M+782.6%	-$672K-29.2%	-$520K	N/A	$2.3M+1063.7%	-$238K+50.3%	-$480K	N/A
Interest Expense	-$10K	N/A	N/A	N/A	-$9K	N/A	N/A	N/A
Income Tax	$1.4M+842.7%	$146K-2.0%	$149K	N/A	$744K+317.7%	$178K-15.7%	$211K	N/A
Net Income	$3.3M+14.5%	$2.9M+277.7%	$774K	N/A	$1.6M+339.1%	$357K+95056.8%	$375	N/A
EPS (Diluted)	$0.07	N/A	N/A	N/A	$0.04	N/A	N/A	N/A

IROHU Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$50.8M-27.2%	$69.7M+10275.7%	$672K
Current Assets	$44.0M+6278.1%	$690K	N/A
Cash & Equivalents	$41.4M+6206.6%	$657K	N/A
Inventory	$1.3M	N/A	N/A
Accounts Receivable	$845	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$39.9M-42.7%	$69.7M+8127.5%	$847K
Current Liabilities	$39.9M+4535.6%	$862K+1.7%	$847K
Long-Term Debt	N/A	N/A	N/A
Total Equity	$10.8M+1081058700.0%	$1+100.0%	-$175K
Retained Earnings	$4.0M+248.5%	-$2.7M-1242.6%	-$200K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$56.2M-23.3%	$73.3M-0.4%	$73.6M+45.1%	$50.8M-29.3%	$71.8M+1.1%	$71.0M+0.8%	$70.4M+1.0%	$69.7M
Current Assets	$46.2M+29690.9%	$155K+94.6%	$80K-99.8%	$44.0M+61636.8%	$71K-70.2%	$239K-56.0%	$544K-21.2%	$690K
Cash & Equivalents	$37.2M+147759.1%	$25K+28495.5%	$88-100.0%	$41.4M+1343377.7%	$3K-96.6%	$91K-49.0%	$179K-72.7%	$657K
Inventory	$1.9M	N/A	N/A	$1.3M	N/A	N/A	N/A	N/A
Accounts Receivable	$0	N/A	N/A	$845	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	$38.5M-48.7%	$75.0M+20.9%	$62.0M+55.2%	$39.9M-36.2%	$62.6M-1.7%	$63.7M+0.4%	$63.5M-8.9%	$69.7M
Current Liabilities	$38.2M-47.3%	$72.4M+2056.4%	$3.4M-91.6%	$39.9M+2529.0%	$1.5M+25.7%	$1.2M+10.2%	$1.1M+27.3%	$862K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.7M+20.4%	$14.7M+26.7%	$11.6M+7.6%	$10.8M+18.5%	$9.1M+25.7%	$7.3M+4.6%	$6.9M+693567700.0%	$1
Retained Earnings	$11.0M+280.5%	-$6.1M-26.0%	-$4.9M-221.4%	$4.0M+223.3%	-$3.2M-8.0%	-$3.0M-6.6%	-$2.8M-4.6%	-$2.7M

IROHU Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$1.0M-1117.5%	-$83K	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	-$226K+99.7%	-$69.0M	N/A
Financing Cash Flow	$583K-99.2%	$69.7M	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$3.7M-123.0%	-$1.6M-300.7%	-$409K+98.2%	-$22.9M-202.6%	$22.3M+42233.0%	-$53K+85.9%	-$374K	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	-$1.7M-248.8%	$1.2M+1959.3%	-$62K-102.4%	$2.6M+191.8%	-$2.8M-281114700.0%	$1-100.0%	$3K	N/A
Financing Cash Flow	$35K-93.0%	$510K+8.3%	$471K-35.0%	$725K	$0+100.0%	-$35K+67.3%	-$107K	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

IROHU Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	12.7%+30879212.7pp	-30879200.0%	N/A
Return on Assets	2.7%+3.1pp	-0.4%+26.5pp	-27.0%
Current Ratio	1.10+0.3	0.80	N/A
Debt-to-Equity	3.69-999996.3	1000000.00+1000004.8	-4.83
FCF Margin	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	70.4%	N/A	N/A	N/A	68.7%	N/A	N/A	N/A
Operating Margin	58.0%	N/A	N/A	N/A	53.5%	N/A	N/A	N/A
Net Margin	42.3%	N/A	N/A	N/A	36.5%	N/A	N/A	N/A
Return on Equity	18.9%-1.0pp	19.8%+13.2pp	6.7%	N/A	17.2%+12.3pp	4.9%+4.9pp	0.0%	N/A
Return on Assets	5.9%+2.0pp	4.0%+2.9pp	1.1%	N/A	2.2%+1.7pp	0.5%+0.5pp	0.0%	N/A
Current Ratio	1.21+1.2	0.00-0.0	0.02-1.1	1.10+1.1	0.05-0.2	0.20-0.3	0.50-0.3	0.80
Debt-to-Equity	2.17-2.9	5.09-0.2	5.33+1.6	3.69-3.2	6.87-1.9	8.78-0.4	9.15-999990.8	1000000.00
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 Iron Horse Acquisitions profitable?

Yes, Iron Horse Acquisitions (IROHU) reported a net income of $1.4M in fiscal year 2024.

What is Iron Horse Acquisitions's return on equity (ROE)?

Iron Horse Acquisitions (IROHU) has a return on equity of 12.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Iron Horse Acquisitions's operating cash flow?

Iron Horse Acquisitions (IROHU) generated -$1.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Iron Horse Acquisitions's total assets?

Iron Horse Acquisitions (IROHU) had $50.8M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Iron Horse Acquisitions have outstanding?

Iron Horse Acquisitions (IROHU) had 48M shares outstanding as of fiscal year 2024.

What is Iron Horse Acquisitions's current ratio?

Iron Horse Acquisitions (IROHU) had a current ratio of 1.10 as of fiscal year 2024, which is considered adequate.

What is Iron Horse Acquisitions's debt-to-equity ratio?

Iron Horse Acquisitions (IROHU) had a debt-to-equity ratio of 3.69 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Iron Horse Acquisitions's return on assets (ROA)?

Iron Horse Acquisitions (IROHU) had a return on assets of 2.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Iron Horse Acquisitions's cash runway?

Based on fiscal year 2024 data, Iron Horse Acquisitions (IROHU) had $41.4M in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 491 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 Iron Horse Acquisitions's Piotroski F-Score?

Iron Horse Acquisitions (IROHU) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Iron Horse Acquisitions's earnings high quality?

Iron Horse Acquisitions (IROHU) has an earnings quality ratio of -0.74x, 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.