What is Newhydrogen Inc's earnings per share (EPS)?

Newhydrogen Inc (NEWH) reported diluted earnings per share of $0.00 for fiscal year 2025. 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.

Newhydrogen Inc Financials

NEWH

Source SEC Filings (10-K/10-Q) Updated Mar 30, 2026 Currency USD FYE March

This page shows Newhydrogen Inc (NEWH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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

Earnings Quality Low Quality

0.70x

For every $1 of reported earnings, Newhydrogen Inc generates $0.70 in operating cash flow (-$2.0M OCF vs -$2.8M 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

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

-$2.8M

YoY-57.1%

Newhydrogen Inc's EBITDA was -$2.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 57.1% from the prior year.

Net Income

-$2.8M

YoY-57.3%

Newhydrogen Inc reported -$2.8M in net income in fiscal year 2025. This represents a decrease of 57.3% from the prior year.

EPS (Diluted)

$0.00

Newhydrogen Inc earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

768M

YoY+9.0%

5Y CAGR+7.8%

Newhydrogen Inc had 768M shares outstanding in fiscal year 2025. This represents an increase of 9.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

$616K

YoY+69.9%

5Y CAGR+28.2%

10Y CAGR+12.4%

Newhydrogen Inc invested $616K in research and development in fiscal year 2025. This represents an increase of 69.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

NEWH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	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
R&D Expenses	$616K+69.9%	$363K+78.7%	$203K-81.5%	$1.1M-10.3%	$1.2M+587.1%	$178K
SG&A Expenses	$1.8M+61.6%	$1.1M-60.5%	$2.9M-73.9%	$11.0M-78.5%	$51.2M+11343.6%	$448K
Operating Income	-$2.8M-56.9%	-$1.8M+42.9%	-$3.2M+73.7%	-$12.1M+77.0%	-$52.5M-8229.4%	-$630K
Interest Expense	N/A	N/A	N/A	N/A	$575K-34.4%	$876K
Income Tax	N/A	$0	$0	$0	$0	N/A
Net Income	-$2.8M-57.3%	-$1.8M+43.0%	-$3.2M+73.7%	-$12.1M-218.6%	$10.2M+107.2%	-$140.5M
EPS (Diluted)	$0.00	$0.00	$0.00+100.0%	$-0.02-300.0%	$0.01+102.0%	$-0.50

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$105K-29.2%	$148K+45.7%	$102K	N/A	$90K+1.4%	$89K0.0%	$89K	N/A
SG&A Expenses	$281K-26.2%	$381K+42.5%	$267K	N/A	$268K-4.0%	$279K-9.0%	$306K	N/A
Operating Income	-$482K+22.7%	-$624K-31.0%	-$476K	N/A	-$443K-0.8%	-$439K+6.9%	-$471K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$482K+22.7%	-$624K-31.0%	-$476K-2.9%	-$463K-5.5%	-$439K-0.3%	-$437K+7.1%	-$471K-6.1%	-$444K
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00	N/A

NEWH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$2.1M-42.6%	$3.7M-23.8%	$4.9M-27.2%	$6.7M+4212.3%	$155K
Current Assets	N/A	$2.1M-42.8%	$3.7M-23.9%	$4.8M-27.2%	$6.7M+5498.0%	$119K
Cash & Equivalents	N/A	$2.1M-42.8%	$3.7M-23.9%	$4.8M-27.3%	$6.6M+10366.3%	$63K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$3.5M-0.1%	$3.5M+0.3%	$3.5M0.0%	$3.5M-97.7%	$152.1M
Current Liabilities	N/A	$8K-18.7%	$10K+19920.4%	$49-97.2%	$2K-100.0%	$150.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$2.5M
Total Equity	N/A	-$1.4M-728.0%	$217K-84.4%	$1.4M-56.7%	$3.2M+102.1%	-$151.9M
Retained Earnings	N/A	-$177.9M-1.0%	-$176.1M-1.8%	-$173.0M-7.5%	-$160.9M+2.5%	-$165.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.3M+13.7%	$1.2M-29.5%	$1.7M-21.4%	$2.1M-15.9%	$2.5M-13.0%	$2.9M-12.2%	$3.3M-10.6%	$3.7M
Current Assets	$1.3M+14.0%	$1.2M-29.8%	$1.7M-21.5%	$2.1M-16.0%	$2.5M-13.1%	$2.9M-12.3%	$3.3M-10.7%	$3.7M
Cash & Equivalents	$1.3M+18.7%	$1.1M-31.7%	$1.6M-23.4%	$2.1M-15.5%	$2.5M-12.8%	$2.9M-12.1%	$3.2M-11.7%	$3.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.5M-0.1%	$3.5M0.0%	$3.5M-1.0%	$3.5M+0.1%	$3.5M+0.1%	$3.5M-0.3%	$3.5M0.0%	$3.5M
Current Liabilities	$7K-40.9%	$12K-2.6%	$13K+58.7%	$8K+119.3%	$4K+3061.7%	$115-98.9%	$10K+7.0%	$10K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.1M+7.3%	-$2.3M-27.6%	-$1.8M-30.9%	-$1.4M-42.7%	-$956K-67.1%	-$572K-222.1%	-$178K-181.8%	$217K
Retained Earnings	-$179.5M-0.3%	-$179.0M-0.3%	-$178.4M-0.3%	-$177.9M-0.3%	-$177.5M-0.2%	-$177.0M-0.2%	-$176.6M-0.3%	-$176.1M

NEWH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.0M-26.7%	-$1.6M-36.1%	-$1.2M+36.2%	-$1.8M+13.1%	-$2.1M-222.0%	-$647K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$1.3M	N/A	N/A	$1K-100.0%	$8.7M+1235.4%	$649K
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$410K+19.7%	-$511K-3.7%	-$493K-28.1%	-$385K-5.4%	-$365K+7.1%	-$393K+8.9%	-$431K-18.1%	-$365K
Capital Expenditures	N/A	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	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

NEWH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	-1463.4%-592.3pp	-871.0%-1189.2pp	318.2%	N/A
Return on Assets	N/A	-85.0%+0.6pp	-85.6%+162.4pp	-248.0%-400.3pp	152.3%+90752.1pp	-90599.7%
Current Ratio	N/A	264.61-111.4	376.02-98506.4	98882.39+95142.1	3740.30+3740.3	0.00
Debt-to-Equity	N/A	-2.56-18.7	16.10+13.6	2.51+1.4	1.09+1.1	-0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-204.4%
Return on Assets	-35.9%+16.9pp	-52.8%-24.4pp	-28.4%-6.7pp	-21.7%-4.4pp	-17.3%-2.3pp	-15.0%-0.8pp	-14.2%-2.2pp	-11.9%
Current Ratio	181.94+87.6	94.35-36.4	130.80-133.8	264.61-426.5	691.08-24445.4	25136.48+24822.5	314.00-62.0	376.02
Debt-to-Equity	-1.64-0.1	-1.52+0.4	-1.94+0.6	-2.56+1.1	-3.65+2.4	-6.09+13.6	-19.69-35.8	16.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Veloryx Ltd AQUEF

$14.6M

Cavitation Technologies Inc CVAT

$12.4M

American Power APGI

$4.5M

Asia Propert ASPZ

$25.9M

Titan Logic Corp TPCFF

$11.8M

Frequently Asked Questions

Is Newhydrogen Inc profitable?

No, Newhydrogen Inc (NEWH) reported a net income of -$2.8M in fiscal year 2025.

What is Newhydrogen Inc's EBITDA?

Newhydrogen Inc (NEWH) had EBITDA of -$2.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Newhydrogen Inc's operating cash flow?

Newhydrogen Inc (NEWH) generated -$2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

How much does Newhydrogen Inc spend on research and development?

Newhydrogen Inc (NEWH) invested $616K in research and development during fiscal year 2025.

How many shares does Newhydrogen Inc have outstanding?

Newhydrogen Inc (NEWH) had 768M shares outstanding as of fiscal year 2025.

Are Newhydrogen Inc's earnings high quality?

Newhydrogen Inc (NEWH) has an earnings quality ratio of 0.70x, 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.