Onar Holding Corp Financials
This page shows Onar Holding Corp (ONAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Overhead and liability growth are overwhelming a small revenue base, leaving liquidity dependent on outside capital rather than operations.
By FY2025, gross margin recovered to4.7% from negative levels in FY2023-FY2024, yet operating margin collapsed to-236.2% as SG&A reached$7.4M against only$3.2M of revenue. That pattern says the core problem is less the direct cost of delivering revenue and more a corporate cost structure that has become far larger than the business currently supports.
Balance-sheet pressure intensified even as assets grew: negative equity widened from
In FY2023 and FY2024, losses were cash losses too: operating cash flow was
Financial Health Signals
We are recalculating Onar Holding Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Onar Holding Corp scores -13.76, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($255K) relative to total liabilities ($9.7M). 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.
Onar Holding Corp passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Key Financial Metrics
Earnings & Revenue
Onar Holding Corp generated $3.2M in revenue in fiscal year 2025. This represents an increase of 62.8% from the prior year.
Onar Holding Corp's EBITDA was -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 445.7% from the prior year.
Onar Holding Corp reported -$9.3M in net income in fiscal year 2025. This represents a decrease of 200.9% from the prior year.
Cash & Balance Sheet
Onar Holding Corp held $444K in cash against $0 in long-term debt as of fiscal year 2025.
Onar Holding Corp had 140M shares outstanding in fiscal year 2025.
Margins & Returns
Onar Holding Corp's gross margin was 4.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the prior year.
Onar Holding Corp's operating margin was -236.2% in fiscal year 2025, reflecting core business profitability. This is down 138.7 percentage points from the prior year.
Onar Holding Corp's net profit margin was -291.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 133.9 percentage points from the prior year.
Capital Allocation
Onar Holding Corp invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
ONAR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M+24.9% | $817K-24.1% | $1.1M+95.6% | $551K-25.0% | $735K+80.6% | $407K-54.7% | $899K+34.7% | $667K |
| Cost of Revenue | $965K+30.8% | $738K-11.4% | $832K+1.3% | $822K+28.4% | $640K-31.8% | $938K+38.0% | $680K-5.7% | $721K |
| Gross Profit | $56K-29.2% | $79K-67.6% | $245K+190.3% | -$271K-386.2% | $95K+113.5% | -$700K-419.9% | $219K+505.0% | -$54K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $345K-92.2% | $4.4M+300.6% | $1.1M+33.1% | $831K-17.1% | $1.0M+718.8% | -$162K-116.6% | $975K+225.0% | $300K |
| Operating Income | -$326K+92.6% | -$4.4M-377.9% | -$921K+21.1% | -$1.2M-14.8% | -$1.0M-43.4% | -$709K+25.1% | -$947K-1430.5% | -$62K |
| Interest Expense | N/A | N/A | $460K+361.9% | -$175K-190.6% | $194K-16.0% | $231K+50.3% | $153K+4793.4% | $3K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.1M+77.4% | -$5.0M-212.0% | -$1.6M-13.7% | -$1.4M-9.2% | -$1.3M+0.5% | -$1.3M-15.1% | -$1.1M-303.2% | -$279K |
| EPS (Diluted) | $-0.01 | N/A | $-0.010.0% | $-0.010.0% | $-0.01 | N/A | $-0.07-250.0% | $-0.02 |
ONAR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0M+4.1% | $3.8M-11.7% | $4.3M+110.7% | $2.0M-8.2% | $2.2M-9.0% | $2.4M-20.5% | $3.1M+504.9% | $510K |
| Current Assets | $179K-30.7% | $258K-58.8% | $625K-16.8% | $752K-12.9% | $863K-18.7% | $1.1M+51.3% | $702K+77.6% | $395K |
| Cash & Equivalents | $11K-97.5% | $444K+55.9% | $285K+7.3% | $265K-38.0% | $428K+26.2% | $339K-26.8% | $463K+19.8% | $387K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $56K+34.5% | $41K-81.2% | $220K+34.3% | $164K+24.2% | $132K+602.8% | $19K-85.8% | $132K+26280.6% | $500 |
| Goodwill | $2.7M+6.4% | $2.5M-5.4% | $2.7M+478.6% | $458K0.0% | $458K0.0% | $458K-6.5% | $490K | N/A |
| Total Liabilities | $10.6M+9.8% | $9.7M+7.7% | $9.0M+44.2% | $6.2M+11.0% | $5.6M+12.2% | $5.0M+18.8% | $4.2M+133.7% | $1.8M |
| Current Liabilities | $10.6M+9.8% | $9.7M+7.7% | $9.0M+44.2% | $6.2M+11.0% | $5.6M+12.2% | $5.0M+18.8% | $4.2M+1531.4% | $258K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $56K |
| Total Equity | -$6.7M-13.5% | -$5.9M-25.5% | -$4.7M-11.7% | -$4.2M-23.6% | -$3.4M-32.6% | -$2.6M-126.5% | -$1.1M+12.8% | -$1.3M |
| Retained Earnings | -$15.1M-8.1% | -$14.0M-55.6% | -$9.0M-21.7% | -$7.4M-23.6% | -$6.0M-27.5% | -$4.7M-150.5% | -$1.9M-608.5% | -$264K |
ONAR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$3K+99.6% | -$702K-117.7% | -$322K+23.4% | -$421K+10.6% | -$471K-51.8% | -$310K |
| Capital Expenditures | N/A | $0 | $0 | $0 | $0-100.0% | $5K-58.1% | $11K-48.7% | $21K |
| Free Cash Flow | N/A | N/A | -$3K+99.6% | -$702K-117.7% | -$322K+24.2% | -$425K+11.7% | -$482K-45.3% | -$332K |
| Investing Cash Flow | N/A | N/A | -$1.8M | $0 | $0+100.0% | -$303-100.1% | $359K+221.0% | -$297K |
| Financing Cash Flow | N/A | N/A | $1.8M+195.4% | $607K+76.3% | $344K+15.9% | $297K+57.4% | $189K-66.0% | $554K |
| 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 |
ONAR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.5%-4.2pp | 9.7%-13.0pp | 22.7%+71.9pp | -49.2%-62.1pp | 12.9%+185.1pp | -172.2%-196.5pp | 24.4%+32.5pp | -8.1% |
| Operating Margin | -31.9%+506.8pp | -538.6%-453.1pp | -85.5%+126.6pp | -212.1%-73.6pp | -138.5%+35.9pp | -174.4%-69.0pp | -105.4%-96.1pp | -9.3% |
| Net Margin | -110.5%+499.5pp | -610.0%-461.7pp | -148.4%+107.0pp | -255.3%-80.0pp | -175.3%+142.7pp | -318.0%-193.0pp | -125.1%-83.3pp | -41.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -28.5%+102.5pp | -131.0%-93.9pp | -37.1%+31.7pp | -68.7%-11.0pp | -57.7%-4.9pp | -52.8%-16.3pp | -36.5%+18.2pp | -54.7% |
| Current Ratio | 0.020.0 | 0.03-0.0 | 0.07-0.1 | 0.12-0.0 | 0.15-0.1 | 0.21+0.0 | 0.17-1.4 | 1.53 |
| Debt-to-Equity | -1.60+0.1 | -1.65+0.3 | -1.92-0.4 | -1.49+0.2 | -1.66+0.3 | -1.96+1.8 | -3.74-3.7 | -0.04 |
| FCF Margin | N/A | N/A | -0.3%+127.3pp | -127.5%-83.6pp | -43.9%+60.7pp | -104.6%-51.0pp | -53.6%-3.9pp | -49.7% |
Note: Shareholder equity is negative (-$5.9M), 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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Onar Holding Corp's annual revenue?
Onar Holding Corp (ONAR) reported $3.2M in total revenue for fiscal year 2025. This represents a 62.8% 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 Onar Holding Corp's revenue growing?
Onar Holding Corp (ONAR) revenue grew by 62.8% year-over-year, from $2.0M to $3.2M in fiscal year 2025.
Is Onar Holding Corp profitable?
No, Onar Holding Corp (ONAR) reported a net income of -$9.3M in fiscal year 2025, with a net profit margin of -291.8%.
What is Onar Holding Corp's EBITDA?
Onar Holding Corp (ONAR) had EBITDA of -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Onar Holding Corp's gross margin?
Onar Holding Corp (ONAR) had a gross margin of 4.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Onar Holding Corp's operating margin?
Onar Holding Corp (ONAR) had an operating margin of -236.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Onar Holding Corp's net profit margin?
Onar Holding Corp (ONAR) had a net profit margin of -291.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What are Onar Holding Corp's total assets?
Onar Holding Corp (ONAR) had $3.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Onar Holding Corp's capital expenditures?
Onar Holding Corp (ONAR) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Onar Holding Corp's current ratio?
Onar Holding Corp (ONAR) had a current ratio of 0.03 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Onar Holding Corp's debt-to-equity ratio?
Onar Holding Corp (ONAR) had a debt-to-equity ratio of -1.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Onar Holding Corp's return on assets (ROA)?
Onar Holding Corp (ONAR) had a return on assets of -243.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Onar Holding Corp's debt-to-equity ratio negative or unusual?
Onar Holding Corp (ONAR) has negative shareholder equity of -$5.9M 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 Onar Holding Corp's Altman Z-Score?
Onar Holding Corp (ONAR) has an Altman Z-Score of -13.76, 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 Onar Holding Corp's Piotroski F-Score?
Onar Holding Corp (ONAR) has a Piotroski F-Score of 2 out of 6 computable signals; 3 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.