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 31, 2026 Currency USD FYE December

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).

Rhea AI NEWH FY2025 2026-04-22

NewHydrogen is operating as a cash-funded development vehicle, with asset depletion outrunning fresh capital and eroding book equity.

From FY2023 to FY2025, total assets fell from $3.7M to $1.5M. Because liabilities stayed near $3.5M, the move to negative equity came mainly from using up the cash cushion rather than from piling on new obligations. In FY2025, operating cash burn was $2.0M against only $1.3M of financing inflow, which is why cash kept shrinking even after new capital arrived.

In FY2025, R&D spending rose to $616K and SG&A reached $1.8M, so the wider operating loss reflects a step-up in activity; with little evidence of a self-funding operating base, expense choices largely determine the burn rate.

FY2025 net loss of $2.8M was reasonably close to operating cash outflow of $2.0M. That alignment means the reported loss is mostly the real cash cost of keeping the company running, not a result of large accounting-only charges.

Financial Health Signals

Financial Profile 17/100

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 Newhydrogen Inc'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.

Leverage

Newhydrogen Inc has elevated debt relative to equity (D/E of -1.72), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

100

With a current ratio of 147.45, Newhydrogen Inc holds $147.45 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Piotroski F-Score Weak

1/9

Newhydrogen Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

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

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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

$1.4M

YoY-31.7%

5Y CAGR+86.6%

10Y CAGR+21.6%

Newhydrogen Inc held $1.4M in cash against $0 in long-term debt as of fiscal year 2025.

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	N/A	$448K
Operating Income	-$2.8M-56.9%	-$1.8M+42.9%	-$3.2M+73.7%	-$12.1M	N/A	-$630K
Interest Expense	N/A	N/A	N/A	N/A	$575K	N/A
Income Tax	$0	$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	N/A
EPS (Diluted)	$0.00	$0.00	$0.00+100.0%	$-0.02-300.0%	$0.01+102.0%	$-0.50

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	$332K	N/A	$105K-29.2%	$148K+45.7%	$102K	N/A	$90K+1.4%	$89K
SG&A Expenses	$397K	N/A	$281K-26.2%	$381K+42.5%	$267K	N/A	$268K-4.0%	$279K
Operating Income	-$823K	N/A	-$482K+22.7%	-$624K-31.0%	-$476K	N/A	-$443K-0.8%	-$439K
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	-$823K+34.9%	-$1.3M-162.4%	-$482K+22.7%	-$624K-31.0%	-$476K-2.9%	-$463K-5.5%	-$439K-0.3%	-$437K
EPS (Diluted)	$0.00	N/A	$0.00	$0.00	$0.00	N/A	$0.00	$0.00

NEWH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.5M-31.5%	$2.1M-42.6%	$3.7M-23.8%	$4.9M-27.2%	$6.7M+4212.3%	$155K
Current Assets	$1.4M-31.6%	$2.1M-42.8%	$3.7M-23.9%	$4.8M-27.2%	$6.7M+5498.0%	$119K
Cash & Equivalents	$1.4M-31.7%	$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	$3.5M+0.1%	$3.5M-0.1%	$3.5M+0.3%	$3.5M0.0%	$3.5M-97.7%	$152.1M
Current Liabilities	$10K+22.7%	$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	-$2.0M-49.3%	-$1.4M-728.0%	$217K-84.4%	$1.4M-56.7%	$3.2M+102.1%	-$151.9M
Retained Earnings	-$180.8M-1.6%	-$177.9M-1.0%	-$176.1M-1.8%	-$173.0M-7.5%	-$160.9M+2.5%	-$165.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$778K-46.7%	$1.5M+8.7%	$1.3M+13.7%	$1.2M-29.5%	$1.7M-21.4%	$2.1M-15.9%	$2.5M-13.0%	$2.9M
Current Assets	$763K-47.1%	$1.4M+8.9%	$1.3M+14.0%	$1.2M-29.8%	$1.7M-21.5%	$2.1M-16.0%	$2.5M-13.1%	$2.9M
Cash & Equivalents	$714K-50.3%	$1.4M+10.0%	$1.3M+18.7%	$1.1M-31.7%	$1.6M-23.4%	$2.1M-15.5%	$2.5M-12.8%	$2.9M
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	$3.5M0.0%	$3.5M+0.1%	$3.5M-0.2%	$3.5M+1.1%	$3.5M-1.0%	$3.5M+0.1%	$3.5M+0.1%	$3.5M
Current Liabilities	$11K+13.3%	$10K+34.3%	$7K-40.9%	$12K-2.6%	$13K+58.7%	$8K+119.3%	$4K+3061.7%	$115
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.7M-33.5%	-$2.0M+5.3%	-$2.1M+7.2%	-$2.3M-29.8%	-$1.8M-30.9%	-$1.4M-42.7%	-$956K-67.1%	-$572K
Retained Earnings	-$181.6M-0.5%	-$180.8M-0.7%	-$179.5M-0.3%	-$179.0M-0.3%	-$178.4M-0.3%	-$177.9M-0.3%	-$177.5M-0.2%	-$177.0M

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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$723K-24.6%	-$580K-41.4%	-$410K+19.7%	-$511K-3.7%	-$493K-28.1%	-$385K-5.4%	-$365K+7.1%	-$393K
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	$710K	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	-195.1%-110.1pp	-85.0%+0.6pp	-85.6%+162.4pp	-248.0%-400.3pp	152.3%	N/A
Current Ratio	147.45-117.2	264.61-111.4	376.02-98506.4	98882.39+95142.1	3740.30+3740.3	0.00
Debt-to-Equity	-1.72+0.8	-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	Q1'26	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	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	N/A
Return on Assets	-105.8%-19.1pp	-86.7%-50.8pp	-35.9%+16.9pp	-52.8%-24.4pp	-28.4%-6.7pp	-21.7%-4.4pp	-17.3%-2.3pp	-15.0%
Current Ratio	68.79-78.7	147.45-34.5	181.94+87.6	94.35-36.4	130.80-133.8	264.61-426.5	691.08-24445.4	25136.48
Debt-to-Equity	-1.29+0.4	-1.72-0.1	-1.62-0.1	-1.51+0.4	-1.94+0.6	-2.56+1.1	-3.65+2.4	-6.09
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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.

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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.

What are Newhydrogen Inc's total assets?

Newhydrogen Inc (NEWH) had $1.5M in total assets as of fiscal year 2025, including both current and long-term assets.

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.

What is Newhydrogen Inc's current ratio?

Newhydrogen Inc (NEWH) had a current ratio of 147.45 as of fiscal year 2025, which is generally considered healthy.

What is Newhydrogen Inc's debt-to-equity ratio?

Newhydrogen Inc (NEWH) had a debt-to-equity ratio of -1.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Newhydrogen Inc's return on assets (ROA)?

Newhydrogen Inc (NEWH) had a return on assets of -195.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Newhydrogen Inc's cash runway?

Based on fiscal year 2025 data, Newhydrogen Inc (NEWH) had $1.4M in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 9 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 Newhydrogen Inc's debt-to-equity ratio negative or unusual?

Newhydrogen Inc (NEWH) has negative shareholder equity of -$2.0M 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 Newhydrogen Inc's Piotroski F-Score?

Newhydrogen Inc (NEWH) has a Piotroski F-Score of 1 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 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.

How financially healthy is Newhydrogen Inc?

Newhydrogen Inc (NEWH) scores 17 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.