Rocketfuel Blockchain Inc Financials
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rocketfuel Blockchain Inc has an operating margin of -2482.0%, meaning the company retains $-2482 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 up from -15178.2% the prior year.
Rocketfuel Blockchain Inc's revenue surged 566.1% year-over-year to $203K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Rocketfuel Blockchain Inc has elevated debt relative to equity (D/E of 5.90), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Rocketfuel Blockchain Inc's current ratio of 0.54 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.
While Rocketfuel Blockchain Inc generated -$2.5M in operating cash flow, capex of $21K consumed most of it, leaving -$2.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Rocketfuel Blockchain Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Rocketfuel Blockchain Inc generates $0.66 in operating cash flow (-$2.5M OCF vs -$3.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Rocketfuel Blockchain Inc earns $-2427.1 in operating income for every $1 of interest expense (-$5.0M vs $2K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Rocketfuel Blockchain Inc (RKFL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Key Financial Metrics
Rocketfuel Blockchain Inc generated $203K in revenue in fiscal year 2023. This represents an increase of 566.1% from the prior year.
Rocketfuel Blockchain Inc's EBITDA was -$4.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.1% from the prior year.
Rocketfuel Blockchain Inc generated -$2.5M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 10.6% from the prior year.
Rocketfuel Blockchain Inc reported -$3.8M in net income in fiscal year 2023. This represents an increase of 19.0% from the prior year.
Rocketfuel Blockchain Inc held $119K in cash against $0 in long-term debt as of fiscal year 2023.
Rocketfuel Blockchain Inc had 36M shares outstanding in fiscal year 2023. This represents an increase of 13.5% from the prior year.
Rocketfuel Blockchain Inc's operating margin was -2482.0% in fiscal year 2023, reflecting core business profitability. This is up 12696.2 percentage points from the prior year.
Rocketfuel Blockchain Inc's net profit margin was -1859.5% in fiscal year 2023, showing the share of revenue converted to profit. This is up 13426.8 percentage points from the prior year.
Rocketfuel Blockchain Inc invested $61K in research and development in fiscal year 2023. This represents a decrease of 93.2% from the prior year.
Rocketfuel Blockchain Inc invested $21K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 11.4% from the prior year.
RKFL Income Statement
| Metric | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235K+455.2% | $42K+1.4% | $42K+414.2% | $8K-13.3% | $9K+87.5% | $5K+100.0% | $3K | 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 | $16K+145.9% | -$34K | N/A | $9K | N/A | N/A | N/A |
| R&D Expenses | N/A | $210K-35.8% | $328K+26.5% | $259K-12.0% | $294K0.0% | $294K-9.8% | $326K+1629.3% | $19K |
| SG&A Expenses | $998K-12.5% | $1.1M+28.0% | $891K-28.0% | $1.2M+40.8% | $879K0.0% | $879K-0.2% | $881K+283.0% | $230K |
| Operating Income | -$763K+42.9% | -$1.3M-6.6% | -$1.3M+15.9% | -$1.5M-27.9% | -$1.2M0.0% | -$1.2M+3.3% | -$1.2M-384.0% | -$249K |
| Interest Expense | $20K+3547.2% | $544 | N/A | N/A | $1K-94.7% | $21K | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$782K+41.4% | -$1.3M-7.5% | -$1.2M-31.0% | -$949K+19.5% | -$1.2M0.0% | -$1.2M+2.2% | -$1.2M-384.0% | -$249K |
| EPS (Diluted) | $-0.02 | N/A | N/A | $-0.03 | N/A | $-0.05 | N/A | $-0.01 |
RKFL Balance Sheet
| Metric | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $768K-39.6% | $1.3M-35.4% | $2.0M-7.0% | $2.1M-40.9% | $3.6M+1472.9% | $228K-61.2% | $586K-2.8% | $603K |
| Current Assets | $290K-42.6% | $505K-62.0% | $1.3M-15.8% | $1.6M-56.0% | $3.6M+1472.9% | $228K-61.2% | $586K | N/A |
| Cash & Equivalents | $112K-71.5% | $393K-65.4% | $1.1M-23.9% | $1.5M+627.0% | $205K0.0% | $205K-59.5% | $506K-16.0% | $603K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1K | N/A | $60K+4320.0% | $1K-91.7% | $16K+380.1% | $3K-83.0% | $20K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.1M+44.8% | $752K-7.6% | $814K+13.6% | $716K+297.9% | $180K-72.6% | $656K+146.1% | $267K+204.6% | $88K |
| Current Liabilities | $1.1M+44.8% | $752K-7.6% | $814K+13.6% | $716K+297.9% | $180K-72.6% | $656K+146.1% | $267K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$321K-161.5% | $521K-54.9% | $1.2M-17.5% | $1.4M-58.8% | $3.4M+892.5% | -$429K-234.1% | $320K-38.0% | $516K |
| Retained Earnings | -$13.7M-8.1% | -$12.7M-11.8% | -$11.4M-12.3% | -$10.1M-33.2% | -$7.6M-19.3% | -$6.4M-22.7% | -$5.2M-136.2% | -$2.2M |
RKFL Cash Flow Statement
| Metric | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$417K-131.2% | $1.3M+258.1% | -$844K+13.3% | -$974K | $0+100.0% | -$527K+39.8% | -$876K-1103.4% | -$73K |
| Capital Expenditures | -$19K-171.5% | $27K+252.8% | $8K+41.8% | $5K | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$2.0M-254.4% | $1.3M+253.5% | -$852K+13.0% | -$979K | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $555K+163.0% | -$881K-312.8% | -$213K-27.1% | -$168K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $107K | N/A | N/A | $4.4M | $0-100.0% | $226K-61.2% | $583K+66.4% | $350K |
| 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 |
RKFL Financial Ratios
| Metric | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 36.6%+117.4pp | -80.8% | N/A | 100.0% | N/A | N/A | N/A |
| Operating Margin | -323.9%+2825.1pp | -3149.0%-153.7pp | -2995.3%+15312.4pp | -18307.8%-5888.5pp | -12419.3%+10866.9pp | -23286.1%+24897.5pp | -48183.6% | N/A |
| Net Margin | -332.3%+2818.0pp | -3150.3%-178.9pp | -2971.3%+8695.3pp | -11666.6%+904.5pp | -12571.1%+10999.7pp | -23570.8%+24612.9pp | -48183.6% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -101.8%+3.1pp | -105.0%-41.9pp | -63.1%-18.3pp | -44.8%-11.9pp | -32.9%+485.1pp | -518.0%-312.6pp | -205.4%-164.1pp | -41.3% |
| Current Ratio | 0.27-0.4 | 0.67-1.0 | 1.63-0.6 | 2.20-17.7 | 19.88+19.5 | 0.35-1.9 | 2.20 | N/A |
| Debt-to-Equity | -3.40-4.8 | 1.44+0.7 | 0.70+0.2 | 0.51+0.5 | 0.05+1.6 | -1.53-2.4 | 0.83+0.7 | 0.17 |
| FCF Margin | N/A | 3082.6%+5119.4pp | -2036.8%+10007.7pp | -12044.5% | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Rocketfuel Blockchain Inc's annual revenue?
Rocketfuel Blockchain Inc (RKFL) reported $203K in total revenue for fiscal year 2023. This represents a 566.1% 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 Rocketfuel Blockchain Inc's revenue growing?
Rocketfuel Blockchain Inc (RKFL) revenue grew by 566.1% year-over-year, from $31K to $203K in fiscal year 2023.
Is Rocketfuel Blockchain Inc profitable?
No, Rocketfuel Blockchain Inc (RKFL) reported a net income of -$3.8M in fiscal year 2023, with a net profit margin of -1859.5%.
What is Rocketfuel Blockchain Inc's EBITDA?
Rocketfuel Blockchain Inc (RKFL) had EBITDA of -$4.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rocketfuel Blockchain Inc's operating margin?
Rocketfuel Blockchain Inc (RKFL) had an operating margin of -2482.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Rocketfuel Blockchain Inc's net profit margin?
Rocketfuel Blockchain Inc (RKFL) had a net profit margin of -1859.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Rocketfuel Blockchain Inc's free cash flow?
Rocketfuel Blockchain Inc (RKFL) generated -$2.5M in free cash flow during fiscal year 2023. This represents a 10.6% 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 Rocketfuel Blockchain Inc's operating cash flow?
Rocketfuel Blockchain Inc (RKFL) generated -$2.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Rocketfuel Blockchain Inc's total assets?
Rocketfuel Blockchain Inc (RKFL) had $1.2M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Rocketfuel Blockchain Inc's capital expenditures?
Rocketfuel Blockchain Inc (RKFL) invested $21K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Rocketfuel Blockchain Inc spend on research and development?
Rocketfuel Blockchain Inc (RKFL) invested $61K in research and development during fiscal year 2023.
How many shares does Rocketfuel Blockchain Inc have outstanding?
Rocketfuel Blockchain Inc (RKFL) had 36M shares outstanding as of fiscal year 2023.
What is Rocketfuel Blockchain Inc's current ratio?
Rocketfuel Blockchain Inc (RKFL) had a current ratio of 0.54 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Rocketfuel Blockchain Inc's debt-to-equity ratio?
Rocketfuel Blockchain Inc (RKFL) had a debt-to-equity ratio of 5.90 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rocketfuel Blockchain Inc's return on assets (ROA)?
Rocketfuel Blockchain Inc (RKFL) had a return on assets of -310.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Rocketfuel Blockchain Inc's cash runway?
Based on fiscal year 2023 data, Rocketfuel Blockchain Inc (RKFL) had $119K in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 1 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.
What is Rocketfuel Blockchain Inc's Piotroski F-Score?
Rocketfuel Blockchain Inc (RKFL) has a Piotroski F-Score of 2 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 Rocketfuel Blockchain Inc's earnings high quality?
Rocketfuel Blockchain Inc (RKFL) has an earnings quality ratio of 0.66x, 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 Rocketfuel Blockchain Inc cover its interest payments?
Rocketfuel Blockchain Inc (RKFL) has an interest coverage ratio of -2427.1x, 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 Rocketfuel Blockchain Inc?
Rocketfuel Blockchain Inc (RKFL) scores 20 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.