Global Crossing Financials
Global Crossing (JETBF) reported $246.3M in revenue for fiscal year 2025, up 10.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Operational recovery is finally reaching cash flow, but a heavy liability load still keeps reported earnings below zero.
Between FY2023 and FY2025, operating margin improved from-9.9% to3.6% , showing that added volume is now covering fixed costs instead of widening losses. That operating turn mattered because free cash flow reached$16.5M even while interest expense was$11.5M , which explains why cash generation can look healthy while net income remains negative.
FY2025 operating cash flow of
The balance sheet remains structurally stretched: the current ratio fell to 0.3x and equity stayed negative at
Financial Health Signals
Global Crossing does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Global Crossing scores 0.61, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Global Crossing passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Global Crossing reported a net loss of $3.1M while generating $28.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Global Crossing earns $0.77 in operating income for every $1 of interest expense ($8.9M vs $11.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Global Crossing generated $246.3M in revenue in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Global Crossing's EBITDA was $20.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 305.8% from the prior year.
Global Crossing reported -$3.1M in net income in fiscal year 2025. This represents an increase of 73.4% from the prior year.
Global Crossing earned -$0.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 73.7% from the prior year.
Cash & Balance Sheet
Global Crossing generated $16.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1833.4% from the prior year.
Global Crossing held $16.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Global Crossing's operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is up 4.1 percentage points from the prior year.
Global Crossing's net profit margin was -1.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Global Crossing invested $11.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 60.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
JETBF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $256.9M | $246.3M+10.1% | $223.8M+39.7% | $160.1M+64.9% | $97.1M+579.5% | $14.3M |
| Operating Income | $10.0M | $8.9M+889.5% | -$1.1M+92.9% | -$15.9M-41.2% | -$11.2M+34.5% | -$17.2M |
| Interest Expense | $13.3M | $11.5M+28.5% | $9.0M+82.1% | $4.9M+203.1% | $1.6M+5124.8% | $31K |
| Income Tax | $18K | $18K+800.0% | $2K0.0% | $2K | $0 | $0 |
| Net Income | -$2.5M | -$3.1M+73.4% | -$11.5M+45.4% | -$21.0M-32.8% | -$15.8M+20.2% | -$19.8M |
| EPS (Diluted) | — | -$0.05+73.7% | -$0.19+48.6% | -$0.37-23.3% | -$0.30+30.2% | -$0.43 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
JETBF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $203.1M+21.8% | $166.7M+27.0% | $131.3M+156.7% | $51.2M+30.9% | $39.1M |
| Current Assets | $31.2M+33.7% | $23.4M-23.7% | $30.6M+160.9% | $11.7M+21.2% | $9.7M |
| Cash & Equivalents | $16.7M+35.2% | $12.3M+6.5% | $11.6M+518.2% | $1.9M-64.2% | $5.2M |
| Accounts Receivable | $6.8M+1.6% | $6.7M-34.4% | $10.2M+282.1% | $2.7M+257.3% | $746K |
| Total Liabilities | $232.5M+18.5% | $196.2M+29.8% | $151.2M+158.8% | $58.4M+67.7% | $34.8M |
| Current Liabilities | $91.7M+39.2% | $65.9M+24.2% | $53.0M+90.3% | $27.9M+89.5% | $14.7M |
| Long-Term Debt | N/A | N/A | N/A | $6.9M | N/A |
| Total Equity | -$29.5M+0.1% | -$29.6M-47.1% | -$20.1M-176.9% | -$7.3M-270.9% | $4.2M |
| Retained Earnings | -$73.6M-4.3% | -$70.6M-19.4% | -$59.1M-55.2% | -$38.1M-71.1% | -$22.3M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
JETBF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.6M | $28.1M+248.1% | $8.1M+685.3% | -$1.4M+61.7% | -$3.6M+66.7% | -$10.8M |
| Capital Expenditures | $12.4M | $11.6M+60.8% | $7.2M+78.6% | $4.0M+111.4% | $1.9M+192.9% | $653K |
| Free Cash Flow | $14.2M | $16.5M+1833.4% | $853K+115.7% | -$5.4M+1.7% | -$5.5M+51.9% | -$11.5M |
| Investing Cash Flow | -$17.4M | -$14.3M-43.0% | -$10.0M+24.2% | -$13.2M-155.6% | -$5.2M-690.3% | -$653K |
| Financing Cash Flow | -$11.3M | -$7.3M-329.4% | -$1.7M-106.4% | $26.8M+330.1% | $6.2M-67.0% | $18.9M |
| Dividends Paid | N/A | $468K+108.0% | $225K | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
JETBF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Margin | 3.6%+4.1pp | -0.5%+9.4pp | -9.9%+1.7pp | -11.6% | -120.1% |
| Net Margin | -1.2%+3.9pp | -5.1%+8.0pp | -13.1%+3.2pp | -16.3% | -138.7% |
| Return on Equity | N/A | N/A | N/A | N/A | -466.8% |
| Return on Assets | -1.5%+5.4pp | -6.9%+9.1pp | -16.0%+14.9pp | -30.9%+19.8pp | -50.7% |
| Current Ratio | 0.340.0x | 0.35-0.2x | 0.58+0.2x | 0.42-0.2x | 0.66 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 8.20 |
| FCF Margin | 6.7%+6.3pp | 0.4%+3.8pp | -3.4%+2.3pp | -5.7%+74.4pp | -80.1% |
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.
Note: Shareholder equity is negative (-$29.5M), 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 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Global Crossing Ranks
Frequently Asked Questions
What is Global Crossing's annual revenue?
Global Crossing (JETBF) reported $246.3M in total revenue for fiscal year 2025. This represents a 10.1% 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 Global Crossing's revenue growing?
Global Crossing (JETBF) revenue grew by 10.1% year-over-year, from $223.8M to $246.3M in fiscal year 2025.
Is Global Crossing profitable?
No, Global Crossing (JETBF) reported a net income of -$3.1M in fiscal year 2025, with a net profit margin of -1.2%.
What is Global Crossing's EBITDA?
Global Crossing (JETBF) had EBITDA of $20.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Global Crossing's operating margin?
Global Crossing (JETBF) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Global Crossing's net profit margin?
Global Crossing (JETBF) had a net profit margin of -1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Crossing's free cash flow?
Global Crossing (JETBF) generated $16.5M in free cash flow during fiscal year 2025. This represents a 1833.4% 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 Global Crossing's operating cash flow?
Global Crossing (JETBF) generated $28.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Crossing's total assets?
Global Crossing (JETBF) had $203.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Global Crossing's capital expenditures?
Global Crossing (JETBF) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Global Crossing's current ratio?
Global Crossing (JETBF) had a current ratio of 0.34 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Crossing's return on assets (ROA)?
Global Crossing (JETBF) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Global Crossing's debt-to-equity ratio negative or not reported?
Global Crossing (JETBF) has negative shareholder equity of -$29.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Global Crossing's Altman Z-Score?
Global Crossing (JETBF) has an Altman Z-Score of 0.61, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Global Crossing's Piotroski F-Score?
Global Crossing (JETBF) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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.
Are Global Crossing's earnings high quality?
Global Crossing (JETBF) reported a net loss of $3.1M while generating $28.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
Can Global Crossing cover its interest payments?
Global Crossing (JETBF) has an interest coverage ratio of 0.77x, 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.