This page shows INDEPENDENCE POWER (ITXP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
INDEPENDENCE POWER has an operating margin of -114.4%, meaning the company retains $-114 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.
INDEPENDENCE POWER's revenue surged 176.6% year-over-year to $22K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
INDEPENDENCE POWER's current ratio of 0.32 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While INDEPENDENCE POWER generated -$32K in operating cash flow, capex of $0 consumed most of it, leaving -$32K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
INDEPENDENCE POWER passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, INDEPENDENCE POWER generates $1.27 in operating cash flow (-$32K OCF vs -$25K 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
INDEPENDENCE POWER generated $22K in revenue in fiscal year 2025. This represents an increase of 176.6% from the prior year.
INDEPENDENCE POWER's EBITDA was -$25K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
INDEPENDENCE POWER generated -$32K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 217.2% from the prior year.
INDEPENDENCE POWER reported -$25K in net income in fiscal year 2025. This represents a decrease of 18.4% from the prior year.
INDEPENDENCE POWER earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1.8% from the prior year.
INDEPENDENCE POWER held $6K in cash against $0 in long-term debt as of fiscal year 2025.
INDEPENDENCE POWER had 6M shares outstanding in fiscal year 2025. This represents an increase of 56.6% from the prior year.
INDEPENDENCE POWER's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
INDEPENDENCE POWER's operating margin was -114.4% in fiscal year 2025, reflecting core business profitability.
INDEPENDENCE POWER's net profit margin was -114.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 152.8 percentage points from the prior year.
INDEPENDENCE POWER invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
ITXP Income Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Revenue | $333-82.9% | $2K-52.4% | $4K-44.8% | $7K-14.4% | $9K | N/A | $0 |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | N/A | $0 |
| Gross Profit | $333-82.9% | $2K-52.4% | $4K-44.8% | $7K-14.4% | $9K | N/A | $0 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $11K-67.8% | $35K+607.5% | $5K+40.8% | $3K-22.1% | $4K | N/A | $792 |
| Operating Income | -$11K | N/A | N/A | N/A | $4K | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0+100.0% | -$2K-818.2% | -$192-120.3% | $946-6.2% | $1K | N/A | $0 |
| Net Income | -$10K+67.0% | -$31K-4991.8% | -$607-120.3% | $3K-6.3% | $3K+115.0% | -$21K-2599.7% | -$792 |
| EPS (Diluted) | $-0.00 | N/A | $0.00 | $0.00-100.0% | $0.00 | N/A | $0.00 |
ITXP Balance Sheet
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $12K-57.7% | $28K-45.5% | $52K+96.4% | $27K | N/A | $28K | N/A |
| Current Assets | $12K-58.5% | $28K-45.8% | $52K+98.4% | $26K | N/A | $28K | N/A |
| Cash & Equivalents | $6K-78.8% | $28K-41.5% | $48K+126.6% | $21K+17.2% | $18K-35.3% | $28K | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $4K-19.1% | $5K | N/A | $0 | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $36K-14.6% | $43K+17.7% | $36K-12.7% | $41K | N/A | $49K | N/A |
| Current Liabilities | $36K-14.6% | $43K+17.7% | $36K-12.7% | $41K | N/A | $49K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$24K-72.5% | -$14K-187.5% | $16K+208.6% | -$15K+16.8% | -$18K+15.2% | -$21K-5626.8% | $380 |
| Retained Earnings | -$57K-21.9% | -$47K-195.6% | -$16K-4.0% | -$15K | N/A | -$21K | N/A |
ITXP Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$22K-7.1% | -$21K-325.2% | -$5K-256.7% | $3K+131.5% | -$10K-135.0% | $28K | N/A |
| Capital Expenditures | 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 |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $750 | N/A | N/A | N/A | $380 | N/A |
| Dividends Paid | 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 |
ITXP Financial Ratios
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0%0.0pp | 100.0%0.0pp | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A | N/A |
| Operating Margin | -3245.0% | N/A | N/A | N/A | 48.5% | N/A | N/A |
| Net Margin | -3064.9%-1479.9pp | -1585.0%-1570.1pp | -14.8%-55.2pp | 40.4%+3.5pp | 36.9% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -84.7%+23.8pp | -108.5%-107.3pp | -1.2%-12.4pp | 11.3% | N/A | -75.2% | N/A |
| Current Ratio | 0.32-0.3 | 0.66-0.8 | 1.43+0.8 | 0.63 | N/A | 0.56 | N/A |
| Debt-to-Equity | -1.50+1.5 | -3.02-5.3 | 2.25+5.0 | -2.80 | N/A | -2.35 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$24K), 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 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is INDEPENDENCE POWER's annual revenue?
INDEPENDENCE POWER (ITXP) reported $22K in total revenue for fiscal year 2025. This represents a 176.6% 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 INDEPENDENCE POWER's revenue growing?
INDEPENDENCE POWER (ITXP) revenue grew by 176.6% year-over-year, from $8K to $22K in fiscal year 2025.
Is INDEPENDENCE POWER profitable?
No, INDEPENDENCE POWER (ITXP) reported a net income of -$25K in fiscal year 2025, with a net profit margin of -114.4%.
What is INDEPENDENCE POWER's earnings per share (EPS)?
INDEPENDENCE POWER (ITXP) reported diluted earnings per share of $-0.01 for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. 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.
What is INDEPENDENCE POWER's EBITDA?
INDEPENDENCE POWER (ITXP) had EBITDA of -$25K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is INDEPENDENCE POWER's gross margin?
INDEPENDENCE POWER (ITXP) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is INDEPENDENCE POWER's operating margin?
INDEPENDENCE POWER (ITXP) had an operating margin of -114.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is INDEPENDENCE POWER's net profit margin?
INDEPENDENCE POWER (ITXP) had a net profit margin of -114.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is INDEPENDENCE POWER's free cash flow?
INDEPENDENCE POWER (ITXP) generated -$32K in free cash flow during fiscal year 2025. This represents a -217.2% 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 INDEPENDENCE POWER's operating cash flow?
INDEPENDENCE POWER (ITXP) generated -$32K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are INDEPENDENCE POWER's total assets?
INDEPENDENCE POWER (ITXP) had $12K in total assets as of fiscal year 2025, including both current and long-term assets.
What are INDEPENDENCE POWER's capital expenditures?
INDEPENDENCE POWER (ITXP) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does INDEPENDENCE POWER have outstanding?
INDEPENDENCE POWER (ITXP) had 6M shares outstanding as of fiscal year 2025.
What is INDEPENDENCE POWER's current ratio?
INDEPENDENCE POWER (ITXP) had a current ratio of 0.32 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is INDEPENDENCE POWER's debt-to-equity ratio?
INDEPENDENCE POWER (ITXP) had a debt-to-equity ratio of -1.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is INDEPENDENCE POWER's return on assets (ROA)?
INDEPENDENCE POWER (ITXP) had a return on assets of -210.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is INDEPENDENCE POWER's cash runway?
Based on fiscal year 2025 data, INDEPENDENCE POWER (ITXP) had $6K in cash against an annual operating cash burn of $32K. This gives an estimated cash runway of approximately 2 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.
Why is INDEPENDENCE POWER's debt-to-equity ratio negative or unusual?
INDEPENDENCE POWER (ITXP) has negative shareholder equity of -$24K as of fiscal year 2025, 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.
What is INDEPENDENCE POWER's Piotroski F-Score?
INDEPENDENCE POWER (ITXP) has a Piotroski F-Score of 1 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 INDEPENDENCE POWER's earnings high quality?
INDEPENDENCE POWER (ITXP) has an earnings quality ratio of 1.27x, 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.
How financially healthy is INDEPENDENCE POWER?
INDEPENDENCE POWER (ITXP) scores 25 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.