What is Onar Holding Corp's earnings per share (EPS)?

Onar Holding Corp (ONAR) reported diluted earnings per share of $-0.15 for fiscal year 2024. This represents a -36.4% change compared to the previous fiscal year. 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.

Onar Holding Corp Financials

ONAR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Onar Holding Corp (ONAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 ONAR FY2024 2026-04-22

External financing is keeping the business moving while core operations now lose money even before overhead.

The key shift is that FY2022’s accounting profit did not translate into cash, and by FY2024 the gap widened into a self-funding problem: operations used -$1.7M while financing supplied $2.1M, so the year-end cash balance reflects borrowed or raised money rather than cash earned from customers. Liquidity did not hold up because the model improved; it held up because outside capital temporarily filled the operating gap.

Gross margin turned negative in FY2024, which means the company sold work for less than its direct cost before paying selling/admin expense or interest. This is more severe than overhead bloat: the business is not just spending too much after delivery, it is struggling to cover delivery costs at all, and interest expense of $437K deepened losses that were already embedded in the core operation.

The balance sheet moved from a brief repair in FY2022 to negative equity of -$2.6M and a current ratio of 0.2x in FY2024. That combination means short-term obligations dominate the capital structure, and the swing from positive equity in FY2022 shows how quickly repeated losses can erase a thin capital base.

Financial Health Signals

Financial Profile 33/100

Based on FY2024 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 Onar Holding Corp'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.

Profitability

Onar Holding Corp has an operating margin of -77.0%, meaning the company retains $-77 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -56.1% the prior year.

Growth

Onar Holding Corp's revenue declined 8.2% year-over-year, from $2.8M to $2.6M. This contraction results in a growth score of 0/100.

Leverage

100

Onar Holding Corp carries a low D/E ratio of -1.96, meaning only $-1.96 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Onar Holding Corp's current ratio of 0.19 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Onar Holding Corp generated -$1.7M in operating cash flow, capex of $43K consumed most of it, leaving -$1.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Onar Holding Corp passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.56x

For every $1 of reported earnings, Onar Holding Corp generates $0.56 in operating cash flow (-$1.7M OCF vs -$3.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.5x

Onar Holding Corp earns $-4.5 in operating income for every $1 of interest expense (-$2.0M vs $437K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$2.6M

YoY-8.2%

5Y CAGR+7.1%

Onar Holding Corp generated $2.6M in revenue in fiscal year 2024. This represents a decrease of 8.2% from the prior year.

EBITDA

-$1.4M

YoY-37.7%

Onar Holding Corp's EBITDA was -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.7% from the prior year.

Net Income

-$3.1M

YoY-77.0%

Onar Holding Corp reported -$3.1M in net income in fiscal year 2024. This represents a decrease of 77.0% from the prior year.

EPS (Diluted)

$-0.15

YoY-36.4%

Onar Holding Corp earned $-0.15 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 36.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.8M

YoY-366.6%

Onar Holding Corp generated -$1.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 366.6% from the prior year.

Cash & Debt

$339K

YoY+9.6%

5Y CAGR+3.9%

Onar Holding Corp held $339K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+0.0%

5Y CAGR+2.8%

Onar Holding Corp had 17M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

-1.6%

YoY-45.1pp

5Y CAGR-34.3pp

Onar Holding Corp's gross margin was -1.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 45.1 percentage points from the prior year.

Operating Margin

-77.0%

YoY-20.9pp

5Y CAGR-83.1pp

Onar Holding Corp's operating margin was -77.0% in fiscal year 2024, reflecting core business profitability. This is down 20.9 percentage points from the prior year.

Net Margin

-119.8%

YoY-57.6pp

5Y CAGR-125.5pp

Onar Holding Corp's net profit margin was -119.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 57.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$43K

Onar Holding Corp invested $43K in capex in fiscal year 2024, funding long-term assets and infrastructure.

ONAR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.6M-8.2%	$2.8M-39.3%	$4.6M+65.1%	$2.8M+31.2%	$2.1M+17.0%	$1.8M
Cost of Revenue	$2.6M+65.1%	$1.6M-52.4%	$3.3M+54.0%	$2.2M+46.3%	$1.5M+20.4%	$1.2M
Gross Profit	-$41K-103.3%	$1.2M-5.6%	$1.3M+102.8%	$637K-2.8%	$656K+9.8%	$597K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M+52.7%	$887K-5.8%	$941K-16.2%	$1.1M+16.9%	$960K+98.3%	$484K
Operating Income	-$2.0M-26.1%	-$1.6M-547.3%	$351K+172.3%	-$486K-59.4%	-$305K-369.9%	$113K
Interest Expense	$437K+396.2%	$88K+2389.8%	$4K	N/A	N/A	$388
Income Tax	$0	$0-100.0%	$15K	$0-100.0%	$562-94.1%	$10K
Net Income	-$3.1M-77.0%	-$1.7M-621.7%	$334K+176.7%	-$435K-42.2%	-$306K-397.1%	$103K
EPS (Diluted)	$-0.15-36.4%	$-0.11	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$1.1M+95.6%	$551K-48.7%	$1.1M+163.7%	$407K-54.7%	$899K+34.7%	$667K+11.1%	$601K-37.3%	$957K
Cost of Revenue	$832K+1.3%	$822K-6.4%	$878K-6.5%	$938K+38.0%	$680K-5.7%	$721K+163.0%	$274K-44.4%	$493K
Gross Profit	$245K+190.3%	-$271K-239.0%	$195K+127.8%	-$700K-419.9%	$219K+505.0%	-$54K-144.4%	$122K-73.8%	$464K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.1M+33.1%	$831K-19.4%	$1.0M+736.8%	-$162K-116.6%	$975K+225.0%	$300K+24.6%	$241K+6647.5%	$4K
Operating Income	-$921K+21.1%	-$1.2M-23.0%	-$950K-33.9%	-$709K+25.1%	-$947K-1430.5%	-$62K+76.4%	-$262K+80.1%	-$1.3M
Interest Expense	$460K+361.9%	-$175K-190.6%	$194K-16.0%	$231K+50.3%	$153K+4793.4%	$3K-93.7%	$50K+3.4%	$48K
Income Tax	$0	$0	$0	$0	$0	$0	$0-100.0%	$3K
Net Income	-$1.6M-13.7%	-$1.4M-9.2%	-$1.3M+0.5%	-$1.3M-15.1%	-$1.1M-303.2%	-$279K+27.9%	-$387K+72.9%	-$1.4M
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$-0.07-250.0%	$-0.020.0%	$-0.02	N/A

ONAR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.4M+71.4%	$1.4M+90.2%	$751K+59.7%	$470K+38.2%	$340K+11.3%	$306K
Current Assets	$967K+668.7%	$126K-81.4%	$676K+64.0%	$412K+36.4%	$302K+1.2%	$299K
Cash & Equivalents	$339K+9.6%	$309K+9.5%	$283K-16.9%	$340K+76.6%	$193K-31.4%	$281K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$79K-16.0%	$95K	$0	$0-100.0%	$5K	$0
Goodwill	$458K	$0	N/A	N/A	N/A	N/A
Total Liabilities	$5.0M+157.2%	$1.9M+199.5%	$649K-7.6%	$702K+44.4%	$486K+221.1%	$151K
Current Liabilities	$5.0M+157.2%	$1.9M+204.0%	$640K-5.2%	$674K+63.3%	$413K+172.7%	$151K
Long-Term Debt	N/A	$62K+398.1%	$12K-67.1%	$38K-52.6%	$80K	$0
Total Equity	-$2.6M-394.9%	-$515K-420.4%	$161K+169.4%	-$232K-58.8%	-$146K-194.6%	$154K
Retained Earnings	-$4.7M-193.0%	-$1.6M-413.9%	-$311K+51.8%	-$645K-207.6%	-$210K-317.3%	$96K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$4.3M+110.7%	$2.0M-8.2%	$2.2M-9.0%	$2.4M-20.5%	$3.1M+504.9%	$510K-38.2%	$824K-42.3%	$1.4M
Current Assets	$625K-16.8%	$752K-12.9%	$863K-10.7%	$967K+37.8%	$702K+77.6%	$395K-43.2%	$696K+453.3%	$126K
Cash & Equivalents	$285K+7.3%	$265K-26.5%	$361K+6.4%	$339K-26.8%	$463K+19.8%	$387K+62.6%	$238K-23.1%	$309K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$220K+34.3%	$164K+24.2%	$132K+66.1%	$79K-39.7%	$132K+26280.6%	$500-50.0%	$1K-98.9%	$95K
Goodwill	$2.7M+478.6%	$458K0.0%	$458K0.0%	$458K-6.5%	$490K	N/A	N/A	$0
Total Liabilities	$9.0M+44.2%	$6.2M+11.0%	$5.6M+12.2%	$5.0M+18.8%	$4.2M+133.7%	$1.8M+4.3%	$1.7M-11.2%	$1.9M
Current Liabilities	$9.0M+44.2%	$6.2M+11.0%	$5.6M+12.2%	$5.0M+18.8%	$4.2M+1531.4%	$258K-42.9%	$452K-76.8%	$1.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$56K-3.4%	$58K-6.2%	$62K
Total Equity	-$4.7M-11.7%	-$4.2M-23.6%	-$3.4M-32.6%	-$2.6M-126.5%	-$1.1M+12.8%	-$1.3M-43.2%	-$902K-75.0%	-$515K
Retained Earnings	-$9.0M-21.7%	-$7.4M-23.6%	-$6.0M-27.5%	-$4.7M-150.5%	-$1.9M-608.5%	-$264K-73.5%	-$152K+90.5%	-$1.6M

ONAR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$1.7M-355.3%	-$377K-72.9%	-$218K-229.1%	$169K+239.2%	-$121K-203.1%	$118K
Capital Expenditures	$43K	$0	$0-100.0%	$11K-2.7%	$11K	$0
Free Cash Flow	-$1.8M-366.6%	-$377K-72.9%	-$218K-237.8%	$158K+219.6%	-$132K-212.4%	$118K
Investing Cash Flow	-$69K+83.4%	-$415K	$0+100.0%	-$11K+2.7%	-$11K	$0
Financing Cash Flow	$2.1M+172.9%	$779K+384.1%	$161K+1565.4%	-$11K-124.7%	$44K+343.2%	-$18K
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$3K+99.6%	-$702K-117.7%	-$322K+23.4%	-$421K+10.6%	-$471K-51.8%	-$310K+39.9%	-$516K-239.9%	$369K
Capital Expenditures	$0	$0	$0-100.0%	$5K-58.1%	$11K-48.7%	$21K+288.0%	$6K	$0
Free Cash Flow	-$3K+99.6%	-$702K-117.7%	-$322K+24.2%	-$425K+11.7%	-$482K-45.3%	-$332K+36.4%	-$521K-241.4%	$369K
Investing Cash Flow	-$1.8M	$0	$0+100.0%	-$303-100.1%	$359K+221.0%	-$297K-126.6%	-$131K-188.4%	$148K
Financing Cash Flow	$1.8M+195.4%	$607K+76.3%	$344K+15.9%	$297K+57.4%	$189K-66.0%	$554K-49.0%	$1.1M+297.7%	-$549K
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	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	-1.6%-45.1pp	43.5%+15.5pp	28.0%+5.2pp	22.8%-8.0pp	30.8%-2.0pp	32.8%
Operating Margin	-77.0%-20.9pp	-56.1%-63.7pp	7.6%+25.0pp	-17.4%-3.1pp	-14.3%-20.5pp	6.2%
Net Margin	-119.8%-57.6pp	-62.2%-69.4pp	7.2%+22.8pp	-15.6%-1.2pp	-14.4%-20.0pp	5.7%
Return on Equity	N/A	N/A	207.6%	N/A	N/A	66.7%
Return on Assets	-125.8%-4.0pp	-121.9%-166.3pp	44.4%+136.9pp	-92.5%-2.6pp	-89.9%-123.6pp	33.7%
Current Ratio	0.19+0.1	0.06-1.0	1.06+0.4	0.61-0.1	0.73-1.2	1.97
Debt-to-Equity	-1.96-1.8	-0.12-0.2	0.08+0.2	-0.16+0.4	-0.55-0.5	0.00
FCF Margin	-68.4%-54.9pp	-13.5%-8.7pp	-4.7%-10.4pp	5.7%+11.9pp	-6.2%-12.7pp	6.5%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	22.7%+71.9pp	-49.2%-67.4pp	18.2%+190.3pp	-172.2%-196.5pp	24.4%+32.5pp	-8.1%-28.4pp	20.3%-28.2pp	48.5%
Operating Margin	-85.5%+126.6pp	-212.1%-123.5pp	-88.6%+85.8pp	-174.4%-69.0pp	-105.4%-96.1pp	-9.3%+34.4pp	-43.6%+93.7pp	-137.4%
Net Margin	-148.4%+107.0pp	-255.3%-135.3pp	-120.0%+198.0pp	-318.0%-193.0pp	-125.1%-83.3pp	-41.8%+22.6pp	-64.4%+84.8pp	-149.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-37.1%+31.7pp	-68.7%-11.0pp	-57.7%-4.9pp	-52.8%-16.3pp	-36.5%+18.2pp	-54.7%-7.8pp	-46.9%+53.0pp	-100.0%
Current Ratio	0.07-0.1	0.12-0.0	0.15-0.0	0.19+0.0	0.17-1.4	1.530.0	1.54+1.5	0.06
Debt-to-Equity	-1.92-0.4	-1.49+0.2	-1.66+0.3	-1.96+1.8	-3.74-3.7	-0.04+0.0	-0.06+0.1	-0.12
FCF Margin	-0.3%+127.3pp	-127.5%-97.4pp	-30.1%+74.5pp	-104.6%-51.0pp	-53.6%-3.9pp	-49.7%+37.1pp	-86.8%-125.4pp	38.5%

Note: Shareholder equity is negative (-$2.6M), 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 (0.19), 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 $2.6M in total revenue for fiscal year 2024. This represents a -8.2% 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 declined by 8.2% year-over-year, from $2.8M to $2.6M in fiscal year 2024.

Is Onar Holding Corp profitable?

No, Onar Holding Corp (ONAR) reported a net income of -$3.1M in fiscal year 2024, with a net profit margin of -119.8%.

What is Onar Holding Corp's EBITDA?

Onar Holding Corp (ONAR) had EBITDA of -$1.4M in fiscal year 2024, 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 -1.6% in fiscal year 2024, 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 -77.0% in fiscal year 2024, 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 -119.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Onar Holding Corp's free cash flow?

Onar Holding Corp (ONAR) generated -$1.8M in free cash flow during fiscal year 2024. This represents a -366.6% 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 Onar Holding Corp's operating cash flow?

Onar Holding Corp (ONAR) generated -$1.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Onar Holding Corp's total assets?

Onar Holding Corp (ONAR) had $2.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Onar Holding Corp's capital expenditures?

Onar Holding Corp (ONAR) invested $43K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Onar Holding Corp have outstanding?

Onar Holding Corp (ONAR) had 17M shares outstanding as of fiscal year 2024.

What is Onar Holding Corp's current ratio?

Onar Holding Corp (ONAR) had a current ratio of 0.19 as of fiscal year 2024, 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 -1.96 as of fiscal year 2024, 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 -125.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Onar Holding Corp's cash runway?

Based on fiscal year 2024 data, Onar Holding Corp (ONAR) had $339K in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 2 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 Onar Holding Corp's debt-to-equity ratio negative or unusual?

Onar Holding Corp (ONAR) has negative shareholder equity of -$2.6M 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 Onar Holding Corp's Piotroski F-Score?

Onar Holding Corp (ONAR) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Onar Holding Corp's earnings high quality?

Onar Holding Corp (ONAR) has an earnings quality ratio of 0.56x, 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 Onar Holding Corp cover its interest payments?

Onar Holding Corp (ONAR) has an interest coverage ratio of -4.5x, 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.

How financially healthy is Onar Holding Corp?

Onar Holding Corp (ONAR) scores 33 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.