Global Crossing Financials
This page shows Global Crossing (JETBF) financial statements, including the 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
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 Global Crossing'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.
Global Crossing has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is up from -0.5% the prior year.
Global Crossing's revenue grew 10.1% year-over-year to $246.3M, a solid pace of expansion. This earns a growth score of 73/100.
Global Crossing has elevated debt relative to equity (D/E of -7.87), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Global Crossing's current ratio of 0.34 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Global Crossing has a free cash flow margin of 6.7%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
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.
Global Crossing passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Global Crossing generates $-9.21 in operating cash flow ($28.1M OCF vs -$3.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Global Crossing earns $0.8 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 against $0 in long-term debt as of 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.
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.
JETBF Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $76.6M+26.9% | $60.3M+4.0% | $58.0M-5.5% | $61.4M-7.8% | $66.6M+11.1% | $59.9M+14.3% | $52.4M-8.9% | $57.5M |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $6.1M+311.5% | $1.5M+43.3% | $1.0M-68.4% | $3.3M+5.4% | $3.1M-9.9% | $3.5M+237.9% | -$2.5M-198.5% | $2.5M |
| Interest Expense | $3.3M+0.3% | $3.3M+9.4% | $3.0M+12.4% | $2.7M+3.0% | $2.6M+1.2% | $2.6M+7.0% | $2.4M+5.6% | $2.3M |
| Income Tax | N/A | N/A | $0 | $0 | N/A | N/A | $0 | $0 |
| Net Income | $2.7M+245.1% | -$1.9M+5.4% | -$2.0M-422.2% | $608K+294.8% | $154K+131.4% | -$490K+90.0% | -$4.9M-1820.8% | $284K |
| EPS (Diluted) | $0.04 | N/A | $-0.03-400.0% | $0.01 | $0.00 | N/A | $-0.08 | $0.00 |
JETBF Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $205.3M+1.1% | $203.1M+18.9% | $170.7M+3.2% | $165.5M+0.1% | $165.3M-0.8% | $166.7M+2.6% | $162.6M+5.9% | $153.4M |
| Current Assets | $29.2M-6.6% | $31.2M+89.0% | $16.5M-32.8% | $24.6M+12.7% | $21.8M-6.6% | $23.4M+37.1% | $17.0M-12.0% | $19.4M |
| Cash & Equivalents | $16.9M+1.3% | $16.7M+136.6% | $7.1M-47.5% | $13.4M+84.5% | $7.3M-41.0% | $12.3M+74.6% | $7.1M-12.1% | $8.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.8M-29.8% | $6.8M+39.1% | $4.9M-25.7% | $6.6M-26.2% | $8.9M+33.2% | $6.7M+4.1% | $6.4M-1.1% | $6.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $231.4M-0.5% | $232.5M+16.9% | $199.0M+3.4% | $192.4M-0.7% | $193.7M-1.3% | $196.2M+2.2% | $192.1M+7.6% | $178.4M |
| Current Liabilities | $92.7M+1.1% | $91.7M+30.0% | $70.6M0.0% | $70.6M+5.7% | $66.8M+1.3% | $65.9M+15.6% | $57.0M+11.6% | $51.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$26.3M+10.8% | -$29.5M-4.1% | -$28.4M-4.2% | -$27.2M+5.6% | -$28.9M+2.4% | -$29.6M+0.2% | -$29.6M-17.9% | -$25.1M |
| Retained Earnings | -$70.9M+3.7% | -$73.6M-2.6% | -$71.8M-2.8% | -$69.8M+0.9% | -$70.4M+0.2% | -$70.6M-0.7% | -$70.1M-7.5% | -$65.2M |
JETBF Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.0M-51.4% | $18.6M+3008.0% | $597K-93.2% | $8.8M+8236.8% | $106K-99.0% | $10.3M+1115.5% | -$1.0M-213.8% | $894K |
| Capital Expenditures | $3.7M+136.6% | $1.6M-66.2% | $4.6M+71.4% | $2.7M-1.4% | $2.7M+23.1% | $2.2M+59.1% | $1.4M-26.0% | $1.9M |
| Free Cash Flow | $5.3M-68.7% | $17.0M+522.7% | -$4.0M-165.4% | $6.1M+334.0% | -$2.6M-132.4% | $8.1M+436.2% | -$2.4M-143.1% | -$992K |
| Investing Cash Flow | -$6.0M-124.6% | -$2.7M+46.2% | -$5.0M-33.4% | -$3.7M-30.1% | -$2.9M+23.1% | -$3.7M-259.9% | -$1.0M+47.4% | -$2.0M |
| Financing Cash Flow | -$3.5M-35.4% | -$2.6M-4.8% | -$2.5M-99.7% | -$1.2M-17.6% | -$1.1M-182.8% | -$372K+34.6% | -$569K-5.6% | -$539K |
| Dividends Paid | N/A | $120K-40.0% | $200K | N/A | N/A | $125K | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
JETBF Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 8.0%+5.5pp | 2.5%+0.7pp | 1.8%-3.6pp | 5.3%+0.7pp | 4.7%-1.1pp | 5.8%+10.5pp | -4.8%-9.2pp | 4.4% |
| Net Margin | 3.5%+6.6pp | -3.1%+0.3pp | -3.4%-4.4pp | 1.0%+0.8pp | 0.2%+1.1pp | -0.8%+8.5pp | -9.3%-9.8pp | 0.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.3%+2.2pp | -0.9%+0.2pp | -1.1%-1.5pp | 0.4%+0.3pp | 0.1%+0.4pp | -0.3%+2.7pp | -3.0%-3.2pp | 0.2% |
| Current Ratio | 0.31-0.0 | 0.34+0.1 | 0.23-0.1 | 0.35+0.0 | 0.33-0.0 | 0.35+0.1 | 0.30-0.1 | 0.38 |
| Debt-to-Equity | -8.79-0.9 | -7.87-0.9 | -7.01+0.0 | -7.06-0.4 | -6.71-0.1 | -6.64-0.2 | -6.48+0.6 | -7.10 |
| FCF Margin | 7.0%-21.2pp | 28.2%+35.1pp | -6.9%-16.9pp | 10.0%+13.9pp | -3.9%-17.5pp | 13.5%+18.1pp | -4.6%-2.9pp | -1.7% |
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.
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 debt-to-equity ratio?
Global Crossing (JETBF) had a debt-to-equity ratio of -7.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
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 unusual?
Global Crossing (JETBF) has negative shareholder equity of -$29.5M 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 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 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 Global Crossing's earnings high quality?
Global Crossing (JETBF) has an earnings quality ratio of -9.21x, considered mixed quality. 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 0.8x, 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 Global Crossing?
Global Crossing (JETBF) scores 21 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.