Rocketfuel Blockchain Inc Financials
Rocketfuel Blockchain Inc (RKFL) reported $203K in revenue for fiscal year 2023, up 566.1% from the prior fiscal year. This page shows its 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).
RocketFuel’s sales expansion remains dwarfed by operating costs, while rising leverage makes financing central to the business model.
Revenue expanded nearly sevenfold from FY2022 to FY2023, yet the operating loss widened to$5.0M ; sales growth remained too small to absorb the cost base. Operating cash outflow nearly matched free-cash-flow outflow in both years, indicating that reported losses were being realized in cash rather than offset by working-capital benefits.
Debt-to-equity rose from 0.2x to 5.9x, making the capital structure materially more liability-dependent. The current ratio fell from 5.2x to 0.5x, so current assets no longer covered current liabilities at FY2023 year-end.
Selling, general and administrative expense was
Financial Health Signals
Rocketfuel Blockchain Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Rocketfuel Blockchain Inc scores -28.88, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21K) relative to total liabilities ($1.0M). 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.
Rocketfuel Blockchain Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Rocketfuel Blockchain Inc reported a net loss of $3.8M while operations used $2.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Rocketfuel Blockchain Inc reported an operating loss of $5.0M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
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 reported -$3.8M in net income in fiscal year 2023. This represents an increase of 19.0% from the prior year.
Not reported for fiscal year 2023.
Cash & Balance Sheet
Rocketfuel Blockchain Inc recorded an outflow of $2.5M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents an increase of 10.6% from the prior year.
Rocketfuel Blockchain Inc held $119K in cash as of fiscal year 2023; long-term debt is not reported for that period.
Not reported for fiscal year 2023.
Margins & Returns
Rocketfuel Blockchain Inc's ROE was -2142.3% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 1962.7 percentage points from the prior year.
Not reported for fiscal year 2023.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2023.
RKFL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235K+112.4% | $111K+161.4% | $42K+1.4% | $42K+414.2% | $8K-40.3% | $14K+45.4% | $9K+87.5% | $5K |
| Gross Profit | N/A | N/A | $16K+145.9% | -$34K | N/A | N/A | $9K | N/A |
| R&D Expenses | N/A | -$736K+249.7% | $210K-35.8% | $328K+26.5% | $259K+1372.1% | -$18K-94.0% | $294K0.0% | $294K |
| SG&A Expenses | $998K-47.9% | $1.9M+67.9% | $1.1M+28.0% | $891K-28.0% | $1.2M+10.2% | $1.1M+27.8% | $879K0.0% | $879K |
| Operating Income | -$763K+21.1% | -$967K+27.6% | -$1.3M-6.6% | -$1.3M+15.9% | -$1.5M | N/A | -$1.2M | N/A |
| Interest Expense | $20K | N/A | $544 | N/A | N/A | N/A | $1K-94.7% | $21K |
| Net Income | -$782K-211.4% | -$251K+81.2% | -$1.3M-7.5% | -$1.2M-31.0% | -$949K | N/A | -$1.2M | N/A |
| EPS (Diluted) | -$0.02 | N/A | N/A | N/A | -$0.03 | N/A | N/A | -$0.05 |
Not reported in any period shown, so not listed: Cost of Revenue, Income Tax.
RKFL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $768K-36.8% | $1.2M-4.4% | $1.3M-35.4% | $2.0M-7.0% | $2.1M-32.0% | $3.1M-13.1% | $3.6M+1472.9% | $228K |
| Current Assets | $290K-48.8% | $565K+12.1% | $505K-62.0% | $1.3M-15.8% | $1.6M-40.6% | $2.7M-25.9% | $3.6M+1472.9% | $228K |
| Cash & Equivalents | $112K-5.5% | $119K-69.8% | $393K-65.4% | $1.1M-23.9% | $1.5M-43.3% | $2.6M+1183.2% | $205K0.0% | $205K |
| Accounts Receivable | $1K | N/A | N/A | $60K+4320.0% | $1K-60.8% | $3K-78.7% | $16K+380.1% | $3K |
| Total Liabilities | $1.1M+4.7% | $1.0M+38.3% | $752K-7.6% | $814K+13.6% | $716K+39.5% | $514K+185.2% | $180K-72.6% | $656K |
| Current Liabilities | $1.1M+4.7% | $1.0M+38.3% | $752K-7.6% | $814K+13.6% | $716K+39.5% | $514K+185.2% | $180K-72.6% | $656K |
| Total Equity | -$321K-281.7% | $176K-66.1% | $521K-54.9% | $1.2M-17.5% | $1.4M-46.1% | $2.6M-23.6% | $3.4M+892.5% | -$429K |
| Retained Earnings | -$13.7M-6.0% | -$13.0M-2.0% | -$12.7M-11.8% | -$11.4M-12.3% | -$10.1M-17.1% | -$8.6M-13.8% | -$7.6M-19.3% | -$6.4M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
RKFL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$417K+79.2% | -$2.0M-249.8% | $1.3M+258.1% | -$844K+13.3% | -$974K+29.1% | -$1.4M | $0+100.0% | -$527K |
| Capital Expenditures | N/A | -$19K-28.5% | $27K+252.8% | $8K+41.8% | $5K | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$2.0M-254.4% | $1.3M+253.5% | -$852K+13.0% | -$979K | N/A | N/A | N/A |
| Investing Cash Flow | N/A | $555K+163.0% | -$881K-312.8% | -$213K-27.1% | -$168K | N/A | N/A | N/A |
| Financing Cash Flow | $107K | N/A | N/A | N/A | N/A | $4.4M | $0-100.0% | $226K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RKFL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 36.6%+117.4pp | -80.8% | N/A | N/A | 100.0% | N/A |
| Operating Margin | -323.9% | -872.1% | -3149.0% | -2995.3% | -18307.8% | N/A | -12419.3% | N/A |
| Net Margin | -332.3% | -226.7% | -3150.3% | -2971.3% | -11666.6% | N/A | -12571.1% | N/A |
| Return on Equity | N/A | -142.5%+114.0pp | -256.5%-148.9pp | -107.5%-39.8pp | -67.8% | N/A | -34.7% | N/A |
| Return on Assets | -101.8%-81.2pp | -20.7%+84.3pp | -105.0%-41.9pp | -63.1%-18.3pp | -44.8% | N/A | -32.9% | N/A |
| Current Ratio | 0.27-0.3x | 0.54-0.1x | 0.67-1.0x | 1.63-0.6x | 2.20-3.0x | 5.16-14.7x | 19.88+19.5x | 0.35 |
| Debt-to-Equity | N/A | 5.90+4.5x | 1.44+0.7x | 0.70+0.2x | 0.51+0.3x | 0.20+0.1x | 0.05 | N/A |
| FCF Margin | N/A | -1820.9% | 3082.6% | -2036.8% | -12044.5% | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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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Where Rocketfuel Blockchain Inc Ranks
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.
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 return on equity (ROE)?
Rocketfuel Blockchain Inc (RKFL) has a return on equity of -2142.3% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Rocketfuel Blockchain Inc's free cash flow?
Rocketfuel Blockchain Inc (RKFL) recorded an outflow of $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) recorded an outflow of $2.5M in operating cash flow during fiscal year 2023, representing cash used by 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.
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.
How does Rocketfuel Blockchain Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, Rocketfuel Blockchain Inc (RKFL) held $119K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.5M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Rocketfuel Blockchain Inc's Altman Z-Score?
Rocketfuel Blockchain Inc (RKFL) has an Altman Z-Score of -28.88, 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 Rocketfuel Blockchain Inc's Piotroski F-Score?
Rocketfuel Blockchain Inc (RKFL) 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.
Are Rocketfuel Blockchain Inc's earnings high quality?
Rocketfuel Blockchain Inc (RKFL) reported a net loss of $3.8M while operations used $2.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $5.0M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.