Kelso Techs (KIQSF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KIQSF SEC filings page.
Kelso Techs Inc (KIQSF) reported $10.8M in revenue for fiscal year 2025, up 1.0% from the prior fiscal year. This page shows its 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 (20-F and 6-K reports).
Kelso's FY2025 return to operating profitability came from cost reduction, not renewed sales growth in the business.
FY2025 net income of$447K and operating cash flow of$109K show reported profitability did convert into cash, but only partially. Operating cash flow was only24.4% of net income, while capital expenditures were$0 ; that combination leaves working-capital timing as the key unresolved cash-flow question rather than reinvestment demand.
Revenue increased
Liabilities fell
Financial Health Signals
Kelso Techs Inc 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.
Kelso Techs Inc scores -0.26, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $27.5M against total assets of $5.5M. 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.
Kelso Techs Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Kelso Techs Inc generates $0.24 in operating cash flow ($109K OCF vs $447K 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
Earnings & Revenue
Kelso Techs Inc generated $10.8M in revenue in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Kelso Techs Inc's EBITDA was $542K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Kelso Techs Inc reported $447K in net income in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Kelso Techs Inc earned $0.01 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Kelso Techs Inc generated $109K in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Kelso Techs Inc held $399K in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Kelso Techs Inc's gross margin was 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the prior year.
Kelso Techs Inc's operating margin was 4.1% in fiscal year 2025, reflecting core business profitability. This is up 11.9 percentage points from the prior year.
Kelso Techs Inc's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 47.4 percentage points from the prior year.
Kelso Techs Inc's ROE was 9.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 118.9 percentage points from the prior year.
Capital Allocation
Kelso Techs Inc invested $278K in research and development in fiscal year 2025. This represents a decrease of 25.7% from the prior year.
Kelso Techs Inc reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
KIQSF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8M+1.0% | $10.7M-1.3% | $10.8M-1.0% | $10.9M+47.2% | $7.4M-33.4% | $11.1M-45.7% | $20.6M+61.6% | $12.7M+109.7% | $6.1M-24.9% | $8.1M-57.3% | $18.9M |
| Cost of Revenue | $6.4M+6.1% | $6.0M-4.0% | $6.2M+3.6% | $6.0M+42.4% | $4.2M-33.5% | $6.4M-42.0% | $11.0M+47.6% | $7.4M+47.3% | $5.0M-17.3% | $6.1M-55.8% | $13.8M |
| Gross Profit | $4.4M-5.6% | $4.7M+2.4% | $4.6M-6.7% | $4.9M+53.6% | $3.2M-33.3% | $4.8M-50.0% | $9.6M+81.2% | $5.3M+419.0% | $1.0M-48.5% | $2.0M-61.2% | $5.1M |
| R&D Expenses | $278K-25.7% | $373K-29.5% | $530K+11.6% | $475K-72.0% | $1.7M+22.0% | $1.4M+23.3% | $1.1M-16.5% | $1.4M-14.0% | $1.6M+123.1% | $705K-10.1% | $784K |
| Operating Income | $444Kn/m | -$834K-475.4% | $222K-24.0% | $292Kn/m | -$3.1Mn/m | -$976K-127.9% | $3.5M+953.6% | $332Kn/m | -$4.9Mn/m | -$3.5Mn/m | -$1.1M |
| EBITDA | $542Kn/m | -$726K-312.2% | $342K-53.3% | $732Kn/m | -$1.5Mn/m | -$77K-102.0% | $3.9M+536.8% | $609Kn/m | -$4.7Mn/m | -$3.2Mn/m | -$902K |
| Interest Expense | N/A | N/A | $4K-65.1% | $10K-12.3% | $12K+97.6% | $6K0.0% | $6K | N/A | N/A | N/A | N/A |
| Income Tax | -$67K-128.1% | $236K+38.7% | $170K+2.7% | $166K-3.8% | $173K-30.7% | $249K+151.3% | $99Kn/m | -$251Kn/m | -$150Kn/m | -$989K-189.6% | $1.1M |
| Net Income | $447Kn/m | -$4.6Mn/m | -$2.1Mn/m | -$1.4Mn/m | -$2.8Mn/m | -$1.3M-139.2% | $3.3M+1614.6% | $194Kn/m | -$5.0Mn/m | -$2.5Mn/m | -$2.5M |
| EPS (Basic) | $0.01n/m | -$0.08n/m | -$0.04n/m | -$0.02n/m | -$0.05n/m | -$0.03-142.9% | $0.07n/m | $0.00n/m | -$0.11n/m | -$0.05n/m | -$0.05 |
| EPS (Diluted) | $0.01n/m | -$0.08n/m | -$0.04n/m | -$0.02n/m | -$0.05n/m | -$0.03-142.9% | $0.07n/m | $0.00n/m | -$0.11n/m | -$0.05n/m | -$0.05 |
| Diluted Shares (Avg) | 56M+1.7% | 55M+0.4% | 54M0.0% | 54M+2.3% | 53M+12.5% | 47M-2.1% | 48M+1.5% | 47M+1.3% | 47M+1.4% | 46M+1.0% | 46M |
Not reported in any period shown, so not listed: SG&A Expenses.
KIQSF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.5M-16.8% | $6.6M-32.3% | $9.7M-20.1% | $12.1M-11.5% | $13.7M+14.2% | $12.0M-12.5% | $13.7M+38.1% | $9.9M+8.5% | $9.2M-29.8% | $13.1M | N/A |
| Current Assets | $3.3M-24.7% | $4.4M-26.7% | $6.0M-27.9% | $8.3M-15.7% | $9.9M+37.0% | $7.2M-25.9% | $9.7M+55.8% | $6.2M+19.5% | $5.2M-45.6% | $9.6M | N/A |
| Cash & Equivalents | $399K+160.8% | $153K-89.3% | $1.4M-47.1% | $2.7M-19.7% | $3.4M+222.0% | $1.0M-76.3% | $4.4M+254.5% | $1.2M+203.1% | $411K-82.2% | $2.3M-27.2% | $3.2M |
| Inventory | $2.2M-27.5% | $3.0M-9.9% | $3.4M-18.5% | $4.1M-25.1% | $5.5M+1.3% | $5.5M+60.9% | $3.4M-7.5% | $3.7M-7.8% | $4.0M-23.5% | $5.2M | N/A |
| Accounts Receivable | $633K-42.0% | $1.1M+2.4% | $1.1M-22.9% | $1.4M+71.2% | $807K+50.7% | $536K-70.6% | $1.8M+49.0% | $1.2M+87.4% | $653K+2.4% | $638K | N/A |
| Total Liabilities | $793K-66.1% | $2.3M+138.2% | $983K-28.0% | $1.4M-18.4% | $1.7M+58.5% | $1.1M-44.0% | $1.9M+6.0% | $1.8M+11.2% | $1.6M+25.2% | $1.3M | N/A |
| Current Liabilities | $777K-66.0% | $2.3M+132.2% | $983K-26.1% | $1.3M+10.0% | $1.2M+26.3% | $958K-46.6% | $1.8M+0.9% | $1.8M+11.2% | $1.6M+44.7% | $1.1M | N/A |
| Non-Current Liabilities | $16K-72.9% | $59Kn/m | $0-100.0% | $35K-92.5% | $463K+374.9% | $98K+7.7% | $91Kn/m | $0n/m | $0-100.0% | $172K | N/A |
| Total Equity | $4.7M+10.6% | $4.2M-51.5% | $8.7M-19.1% | $10.8M-10.6% | $12.1M+10.0% | $11.0M-7.5% | $11.8M+45.1% | $8.2M+7.9% | $7.6M-35.7% | $11.8M-13.5% | $13.6M |
| Retained Earnings | -$27.5Mn/m | -$27.9Mn/m | -$23.3Mn/m | -$21.2Mn/m | -$19.8Mn/m | -$17.1Mn/m | -$15.8Mn/m | -$19.1Mn/m | -$19.3Mn/m | -$14.3M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.
KIQSF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $109Kn/m | -$394Kn/m | -$275K-187.5% | $314Kn/m | -$1.8Mn/m | -$1.6M-143.2% | $3.6M+199.6% | $1.2Mn/m | -$1.6Mn/m | -$1.1Mn/m | -$4.6M |
| Depreciation & Amortization | $99K-8.9% | $108K-9.9% | $120K-72.7% | $440K-72.1% | $1.6M+75.0% | $899K+133.5% | $385K+38.6% | $278K+36.1% | $204K-15.5% | $241K+1.8% | $237K |
| Capital Expenditures | $0-100.0% | $11Kn/m | $0n/m | $0-100.0% | $131K-92.3% | $1.7M+299.5% | $429K+15.4% | $372K+1015.2% | $33K-7.2% | $36K-85.2% | $242K |
| Free Cash Flow | $109Kn/m | -$405Kn/m | -$275K-187.5% | $314Kn/m | -$2.0Mn/m | -$3.3M-202.7% | $3.2M+281.6% | $836Kn/m | -$1.7Mn/m | -$1.2Mn/m | -$4.9M |
| Investing Cash Flow | $114Kn/m | -$751Kn/m | -$847Kn/m | -$875Kn/m | -$401Kn/m | -$1.7Mn/m | -$429Kn/m | -$371Kn/m | -$386Kn/m | -$61Kn/m | -$242K |
| Financing Cash Flow | -$77Kn/m | -$139Kn/m | -$155Kn/m | -$136K-103.0% | $4.5Mn/m | -$94Kn/m | -$20K-889.5% | $3Kn/m | $0-100.0% | $152Kn/m | -$1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | $0-100.0% | $1.4M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
KIQSF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1%-2.9pp | 44.0%+1.6pp | 42.4%-2.6pp | 44.9%+1.9pp | 43.0%+0.1pp | 43.0%-3.6pp | 46.6%+5.0pp | 41.6%+24.8pp | 16.8%-7.7pp | 24.5%-2.5pp | 27.0% |
| Operating Margin | 4.1%+11.9pp | -7.8%-9.9pp | 2.1%-0.6pp | 2.7%+43.9pp | -41.2%-32.4pp | -8.8%-25.8pp | 17.0%+14.4pp | 2.6%+84.1pp | -81.5%-38.4pp | -43.1%-37.1pp | -6.0% |
| Net Margin | 4.2%+47.4pp | -43.3%-23.9pp | -19.4%-7.0pp | -12.4%+24.8pp | -37.1%-25.4pp | -11.7%-28.0pp | 16.2%+14.7pp | 1.5%+84.3pp | -82.7%-52.2pp | -30.5%-17.3pp | -13.3% |
| Return on Equity | 9.6%+118.9pp | -109.3%-85.2pp | -24.1%-11.5pp | -12.6%+10.3pp | -22.9%-10.9pp | -11.9%-40.1pp | 28.1%+25.8pp | 2.4%+68.7pp | -66.3%-45.4pp | -20.9%-2.5pp | -18.4% |
| Return on Assets | 8.2%+78.5pp | -70.3%-48.7pp | -21.7%-10.5pp | -11.2%+8.9pp | -20.1%-9.2pp | -10.9%-35.2pp | 24.3%+22.3pp | 2.0%+56.7pp | -54.7%-35.8pp | -18.9% | N/A |
| Current Ratio | 4.27+2.3x | 1.93-4.2x | 6.11-0.1x | 6.26-1.9x | 8.16+0.6x | 7.53+2.1x | 5.42+1.9x | 3.51+0.2x | 3.27-5.4x | 8.70 | N/A |
| Liabilities-to-Equity | 0.17-0.4x | 0.55+0.4x | 0.110.0x | 0.130.0x | 0.140.0x | 0.10-0.1x | 0.16-0.1x | 0.220.0x | 0.21+0.1x | 0.11 | N/A |
| Asset Turnover | 1.97+0.3x | 1.63+0.5x | 1.12+0.2x | 0.90+0.4x | 0.54-0.4x | 0.93-0.6x | 1.50+0.2x | 1.28+0.6x | 0.660.0x | 0.62 | N/A |
| FCF Margin | 1.0%+4.8pp | -3.8%-1.3pp | -2.5%-5.4pp | 2.9%+29.2pp | -26.3%+3.1pp | -29.4%-44.9pp | 15.5%+9.0pp | 6.6%+34.0pp | -27.4%-12.8pp | -14.6%+11.1pp | -25.7% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kelso Techs Inc KIQSF | FY2025 | $10.8M | $447K | 4.2% | $5.2M | — |
| MARBLEGATE CAPITAL CORP MGTE | FY2025 | $48.5M | -$44.9M | -92.6% | $51.7M | — |
| ORIGINCLEAR INC OCLN | FY2025 | $6.8M | -$18.3M | N/A | $4.9M | — |
| PREMIER AIR CHARTER HLDGS PREM | FY2025 | $31.9M | -$3.9M | -12.1% | $5.6M | — |
Where Kelso Techs Inc Ranks
Frequently Asked Questions
Kelso Techs Inc (KIQSF) reported $10.8M in total revenue for fiscal year 2025. This represents a 1.0% 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.
Kelso Techs Inc (KIQSF) revenue grew by 1.0% year-over-year, from $10.7M to $10.8M in fiscal year 2025.
Yes, Kelso Techs Inc (KIQSF) reported a net income of $447K in fiscal year 2025, with a net profit margin of 4.2%.
Kelso Techs Inc (KIQSF) had EBITDA of $542K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Kelso Techs Inc (KIQSF) had a gross margin of 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Kelso Techs Inc (KIQSF) had an operating margin of 4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Kelso Techs Inc (KIQSF) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Kelso Techs Inc (KIQSF) has a return on equity of 9.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Kelso Techs Inc (KIQSF) generated $109K in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Kelso Techs Inc (KIQSF) generated $109K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Kelso Techs Inc (KIQSF) had $5.5M in total assets as of fiscal year 2025, including both current and long-term assets.
Kelso Techs Inc (KIQSF) reported no capital expenditure during fiscal year 2025.
Kelso Techs Inc (KIQSF) invested $278K in research and development during fiscal year 2025.
Kelso Techs Inc (KIQSF) had a current ratio of 4.27 as of fiscal year 2025, which is generally considered healthy.
Kelso Techs Inc (KIQSF) had a liabilities-to-equity ratio of 0.17 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Kelso Techs Inc (KIQSF) had a return on assets of 8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Kelso Techs Inc (KIQSF) trades at 11.7x earnings, its market capitalization divided by $447K net income, FY2025. The market capitalization is $5.2M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Kelso Techs Inc (KIQSF) trades at 0.5x sales, its market capitalization divided by $10.8M revenue, FY2025. The market capitalization is $5.2M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Kelso Techs Inc (KIQSF) has an Altman Z-Score of -0.26, 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.
Kelso Techs Inc (KIQSF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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.
Kelso Techs Inc (KIQSF) has an earnings quality ratio of 0.24x, 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.