Kinetic Seas Inc Financials
This page shows Kinetic Seas Inc (KSEZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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
Kinetic Seas Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Kinetic Seas Inc generates $0.28 in operating cash flow (-$1.1M OCF vs -$3.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kinetic Seas Inc earns $-29.0 in operating income for every $1 of interest expense (-$3.8M vs $130K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Kinetic Seas Inc generated $211K in revenue in fiscal year 2024.
Kinetic Seas Inc's EBITDA was -$3.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2980.2% from the prior year.
Kinetic Seas Inc reported -$3.9M in net income in fiscal year 2024. This represents a decrease of 2321.1% from the prior year.
Kinetic Seas Inc earned $-0.18 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 500.0% from the prior year.
Cash & Balance Sheet
Kinetic Seas Inc generated -$1.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 697.3% from the prior year.
Kinetic Seas Inc held $5K in cash against $0 in long-term debt as of fiscal year 2024.
Kinetic Seas Inc had 16M shares outstanding in fiscal year 2024. This represents a decrease of 38.7% from the prior year.
Margins & Returns
Kinetic Seas Inc's gross margin was 25.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
Kinetic Seas Inc's operating margin was -1788.9% in fiscal year 2024, reflecting core business profitability.
Kinetic Seas Inc's net profit margin was -1850.6% in fiscal year 2024, showing the share of revenue converted to profit.
Capital Allocation
Kinetic Seas Inc invested $100K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 651.7% from the prior year.
KSEZ Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92K | $0-100.0% | $68K-7.4% | $73K+12.8% | $65K+5.2% | $62K+485.3% | $11K | N/A |
| Cost of Revenue | $0-100.0% | $13K-77.3% | $57K+12.0% | $51K-2.8% | $52K+13.1% | $46K+492.0% | $8K | N/A |
| Gross Profit | $92K+805.4% | -$13K-221.2% | $11K-51.9% | $22K+78.5% | $12K-18.7% | $15K+465.9% | $3K | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $347K+288.2% | $89K+8.3% | $82K+331.6% | -$36K-123.9% | $149K-47.3% | $283K+155.0% | $111K | N/A |
| Operating Income | -$158K+83.8% | -$978K-405.1% | -$194K+90.7% | -$2.1M-99.9% | -$1.0M-135.6% | -$443K-127.4% | -$195K | N/A |
| Interest Expense | $48K+17.3% | $41K+34.7% | $30K-69.9% | $101K+892.8% | $10K-31.2% | $15K+223.6% | $5K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$206K+79.8% | -$1.0M-355.0% | -$224K+89.8% | -$2.2M-107.6% | -$1.1M-130.2% | -$458K-129.6% | -$199K | N/A |
| EPS (Diluted) | $-0.01+50.0% | $-0.02-100.0% | $-0.01 | N/A | $-0.06-200.0% | $-0.02-100.0% | $-0.01 | N/A |
KSEZ Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $150K-35.8% | $234K+41.1% | $166K-13.0% | $190K+25.4% | $152K-21.5% | $193K+83.7% | $105K+238.5% | $31K |
| Current Assets | $39K-64.2% | $108K+318.1% | $26K-29.2% | $37K-37.3% | $58K-35.4% | $90K+636.2% | $12K-31.6% | $18K |
| Cash & Equivalents | $0 | $0 | $0-100.0% | $5K-64.6% | $14K-76.8% | $60K+3426.5% | $2K-90.5% | $18K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $39K+626.0% | $5K-79.4% | $26K+24.8% | $21K-0.5% | $21K+3.9% | $20K+89.9% | $11K | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.0M-23.6% | $1.3M-2.7% | $1.3M-39.0% | $2.2M+354.1% | $487K-15.8% | $579K+131.4% | $250K+10.3% | $227K |
| Current Liabilities | $967K-24.0% | $1.3M-2.4% | $1.3M-39.7% | $2.2M+343.9% | $487K-15.8% | $579K+131.4% | $250K+10.3% | $227K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$853K+21.0% | -$1.1M+8.8% | -$1.2M+41.5% | -$2.0M-502.9% | -$335K+12.9% | -$385K-166.0% | -$145K+25.9% | -$196K |
| Retained Earnings | -$6.5M-3.3% | -$6.3M-19.4% | -$5.2M-4.5% | -$5.0M-77.3% | -$2.8M-59.4% | -$1.8M-34.7% | -$1.3M-17.8% | -$1.1M |
KSEZ Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$149K-51.0% | -$99K-9.1% | -$90K+58.6% | -$218K+47.2% | -$413K-60.4% | -$258K-41.1% | -$183K-124.8% | -$81K |
| Capital Expenditures | $0 | $0 | $0 | $0+100.0% | -$2K-109.1% | $18K-78.1% | $84K+526.8% | $13K |
| Free Cash Flow | -$149K-51.0% | -$99K-9.1% | -$90K+58.6% | -$218K+47.4% | -$415K-50.3% | -$276K-3.7% | -$266K-181.4% | -$95K |
| Investing Cash Flow | $0 | $0 | $0 | $0-100.0% | $2K+109.1% | -$18K+78.1% | -$84K-526.8% | -$13K |
| Financing Cash Flow | $149K+51.0% | $99K+15.5% | $85K-59.1% | $209K-42.8% | $366K+9.2% | $335K+33.9% | $250K+130.2% | $109K |
| 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 |
KSEZ Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | N/A | 15.8%-14.6pp | 30.4%+11.2pp | 19.2%-5.6pp | 24.9%-0.9pp | 25.7% | N/A |
| Operating Margin | -172.9% | N/A | -285.3%+2561.0pp | -2846.3%-1240.3pp | -1606.1%-889.1pp | -716.9%+1128.7pp | -1845.6% | N/A |
| Net Margin | -225.2% | N/A | -329.9%+2653.6pp | -2983.5%-1361.8pp | -1621.7%-880.9pp | -740.8%+1148.0pp | -1888.7% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -137.5%+298.5pp | -435.9%-300.8pp | -135.1%+1013.2pp | -1148.4%-454.4pp | -694.0%-457.2pp | -236.8%-47.2pp | -189.5% | N/A |
| Current Ratio | 0.04-0.0 | 0.09+0.1 | 0.020.0 | 0.02-0.1 | 0.12-0.0 | 0.16+0.1 | 0.05-0.0 | 0.08 |
| Debt-to-Equity | -1.18+0.0 | -1.22-0.1 | -1.14-0.0 | -1.09+0.4 | -1.45+0.0 | -1.50+0.2 | -1.73-0.6 | -1.16 |
| FCF Margin | -162.8% | N/A | -133.2%+164.5pp | -297.7%+341.3pp | -639.0%-191.9pp | -447.0%+2075.4pp | -2522.5% | N/A |
Note: Shareholder equity is negative (-$2.0M), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Kinetic Seas Inc's annual revenue?
Kinetic Seas Inc (KSEZ) reported $211K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Kinetic Seas Inc profitable?
No, Kinetic Seas Inc (KSEZ) reported a net income of -$3.9M in fiscal year 2024, with a net profit margin of -1850.6%.
What is Kinetic Seas Inc's EBITDA?
Kinetic Seas Inc (KSEZ) had EBITDA of -$3.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kinetic Seas Inc's gross margin?
Kinetic Seas Inc (KSEZ) had a gross margin of 25.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kinetic Seas Inc's operating margin?
Kinetic Seas Inc (KSEZ) had an operating margin of -1788.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Kinetic Seas Inc's net profit margin?
Kinetic Seas Inc (KSEZ) had a net profit margin of -1850.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Kinetic Seas Inc's free cash flow?
Kinetic Seas Inc (KSEZ) generated -$1.2M in free cash flow during fiscal year 2024. This represents a -697.3% 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 Kinetic Seas Inc's operating cash flow?
Kinetic Seas Inc (KSEZ) generated -$1.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kinetic Seas Inc's total assets?
Kinetic Seas Inc (KSEZ) had $190K in total assets as of fiscal year 2024, including both current and long-term assets.
What are Kinetic Seas Inc's capital expenditures?
Kinetic Seas Inc (KSEZ) invested $100K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Kinetic Seas Inc's current ratio?
Kinetic Seas Inc (KSEZ) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Kinetic Seas Inc's debt-to-equity ratio?
Kinetic Seas Inc (KSEZ) had a debt-to-equity ratio of -1.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kinetic Seas Inc's return on assets (ROA)?
Kinetic Seas Inc (KSEZ) had a return on assets of -2046.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kinetic Seas Inc's cash runway?
Based on fiscal year 2024 data, Kinetic Seas Inc (KSEZ) had $5K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 0 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 Kinetic Seas Inc's debt-to-equity ratio negative or unusual?
Kinetic Seas Inc (KSEZ) has negative shareholder equity of -$2.0M as of fiscal year 2024, 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 Kinetic Seas Inc's Piotroski F-Score?
Kinetic Seas Inc (KSEZ) 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 Kinetic Seas Inc's earnings high quality?
Kinetic Seas Inc (KSEZ) has an earnings quality ratio of 0.28x, 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.
Can Kinetic Seas Inc cover its interest payments?
Kinetic Seas Inc (KSEZ) has an interest coverage ratio of -29.0x, 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.