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StableX Technologies, Inc. (SBLX) Financials

SBLX
FY2025 annual
Net Income $21.1M +1101.3% YoY
EPS (Diluted) -$32.24 YoY not available
Operating Cash Flow -$7.7M +42.2% YoY
Gross Profit -$956K +85.5% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SBLX SEC filings page.

This page shows StableX Technologies, Inc. (SBLX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 SBLX FY2025

Operating losses and cash consumption dominate a shrinking development-stage model despite positive reported net income.

The earnings-quality gap is pronounced: FY2024 net income was $1.8M despite an operating loss of -$19.4M. Operating cash flow of -$13.3M alongside only $199K of capital spending indicates that cash consumption was primarily operational, not driven by reinvestment.

R&D exceeded revenue by more than 20x in FY2024, identifying a development-stage spending structure rather than a scaled commercial engine. Gross margin was -103.3%, so direct costs exceeded sales.

Total assets fell from $52.9M in FY2023 to $21.7M in FY2024, indicating a much smaller operating base. Over the same period, debt-to-equity rose from 2.7x to 3.6x, meaning the contraction was accompanied by greater leverage relative to equity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

StableX Technologies, 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.

Piotroski F-Score Partial
3/6

StableX Technologies, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, StableX Technologies, Inc. used $0.36 of operating cash (-$7.7M OCF vs $21.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk
N/A

StableX Technologies, Inc. reported an operating loss of $10.5M against $127K 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

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Earnings & Revenue

Net Income
-$2.4M
YoY-385.7%

StableX Technologies, Inc. reported -$2.4M in net income in Q1 2026. This represents a decrease of 385.7% from the same quarter a year earlier.

EPS (Diluted)
-$2.42

StableX Technologies, Inc. earned -$2.42 per diluted share (EPS) in Q1 2026.

Revenue

Not reported for Q1 2026.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt
$3.3M
YoY-74.5%
QoQ-34.5%
5Y CAGR-48.7%
10Y CAGR+3.1%

StableX Technologies, Inc. held $3.3M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding
1M
QoQ0.0%
5Y CAGR-47.1%
10Y CAGR-5.5%

StableX Technologies, Inc. had 1M shares outstanding in Q1 2026. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Return on Equity
-204.6%
YoY-232.7pp

StableX Technologies, Inc.'s ROE was -204.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 232.7 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Net Margin

Not reported for Q1 2026.

Capital Allocation

R&D Spending
$125K
YoY-59.4%

StableX Technologies, Inc. invested $125K in research and development in Q1 2026. This represents a decrease of 59.4% from the same quarter a year earlier.

Share Buybacks

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

SBLX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBLX quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
RevenueN/AN/AN/AN/AN/AN/A$5K-93.9%N/A
Cost of RevenueN/AN/A$717K+150.7%$239K-77.8%N/AN/A$286K+23.4%$1.1M+223.7%
Gross ProfitN/AN/A-$717K-155.6%-$239K+77.8%N/AN/A-$281K-95.6%-$1.1M-458.4%
R&D Expenses$125K-59.4%N/A$344K+2225.1%$350K-43.8%$308K-59.5%N/A$15K-98.9%$623K-74.1%
SG&A Expenses$1.6M-5.4%N/A$2.5M+74.9%$1.2M-39.3%$1.7M-45.6%N/A$1.4M-67.6%$2.0M-39.1%
Operating Income-$1.7M+13.8%N/A-$3.5M-83.5%-$1.8M+54.8%-$2.0M+62.2%N/A-$1.9M+69.1%-$4.0M+36.8%
EBITDAN/AN/AN/AN/A-$2.0M+59.7%N/A-$1.6M+73.3%-$3.6M+39.9%
Interest Expense$10K-61.9%N/A$62K-30.4%$8K-94.3%$26K-82.9%N/A$89K+150.5%$141K+19.9%
Net Income-$2.4M-385.7%N/A-$2.8M-601.0%-$14.1M-304.5%$845K+123.2%N/A$551K+104.4%$6.9M+215.2%
EPS (Basic)-$2.42-1110.0%N/A-$3.84+3.0%-$29.87-339.9%-$0.20+86.3%N/A-$3.96-32.4%$12.45+1072.7%
EPS (Diluted)-$2.42N/A-$3.84-$29.87-$0.20+86.3%N/A-$3.96-32.4%$2.17
Diluted Shares (Avg)1MN/A946,139554,9899M+73.3%N/A428,952-91.0%1M

Not reported in any period shown, so not listed: Income Tax.

SBLX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBLX quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$9.5M-41.3%$11.4M-47.5%$15.7M-56.3%$9.2M-79.6%$16.2M-66.3%$21.7M-58.9%$35.9M-39.9%$45.0M+3.5%
Current Assets$8.0M-49.4%$9.2M-56.7%$13.8M-58.5%$8.8M-79.0%$15.7M-64.5%$21.3M-56.6%$33.4M-39.9%$42.0M+6.4%
Cash & Equivalents$3.3M-74.5%$5.0M-68.9%$7.3M+166.0%$5.1M-63.6%$12.8M+134.8%$16.0M-52.0%$2.7M-17.0%$14.1M+3.8%
InventoryN/AN/AN/AN/AN/AN/A$3.2M-26.2%$3.3M+8.7%
Accounts ReceivableN/AN/AN/AN/AN/AN/AN/A$129K+24.1%
Total Liabilities$8.3M-36.8%$7.7M-54.9%$7.4M-69.8%$22.3M-30.7%$13.1M-67.8%$17.1M-56.0%$24.5M-0.4%$32.2M+1237.0%
Current Liabilities$1.6M-77.9%$1.6M-60.5%$1.9M-62.4%$7.6M+16.1%$7.1M+77.4%$4.2M-3.4%$5.1M+153.1%$6.5M+262.7%
Non-Current Liabilities$6.7M+12.2%$6.1M-53.0%$5.5M-71.8%$14.7M-42.6%$6.0M-83.7%$12.9M-62.5%$19.4M-14.1%$25.6M+4160.4%
Total Equity$1.2M-60.7%$3.7M-20.8%$8.3M-27.3%-$13.1M-202.1%$3.0M-57.1%$4.7M-66.9%$11.5M-58.0%$12.8M-68.8%
Retained Earnings-$140.6M-20.9%-$138.2M-18.0%-$133.1M-19.4%-$130.4M-16.4%-$116.2M+2.3%-$117.1M-1.5%-$111.5M-6.0%-$112.1M-20.9%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.

SBLX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBLX quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow-$1.1M+25.8%-$1.6M+44.7%$1.2M+134.3%-$2.6M-22.0%-$1.5M+68.5%-$3.0M+38.9%-$3.5M+45.4%-$2.2M+74.2%
Depreciation & AmortizationN/AN/AN/AN/A$7K-98.0%N/A$348K+7.3%$349K+37.1%
Stock-Based Compensation$611KN/AN/A$69K+1708.7%N/AN/A$81-100.0%-$4K-101.8%
Capital ExpendituresN/AN/AN/AN/AN/A$36K-45.3%N/AN/A
Free Cash FlowN/AN/AN/AN/AN/A-$3.0M+39.0%N/AN/A
Investing Cash Flow-$219K-112.5%-$540K-104.4%-$3.3M-148.5%-$725K-163.3%$1.7M+107.5%$12.2M-65.2%$6.9M+144.5%$1.1M+111.4%
Financing Cash Flow-$404K+88.6%-$88K+98.5%$7.4M+256.4%-$4.3M-$3.5M-$5.8M-$4.7MN/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

SBLX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBLX quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross MarginN/AN/AN/AN/AN/AN/A-5171.4%N/A
Operating MarginN/AN/AN/AN/AN/AN/A-35495.9%N/A
Net MarginN/AN/AN/AN/AN/AN/A10146.6%N/A
Return on Equity-204.6%-232.7ppN/A-33.1%-37.9ppN/A28.1%+80.0ppN/A4.8%+50.9pp53.9%+68.5pp
Return on Assets-25.4%-30.7ppN/A-17.5%-19.1pp-153.8%-169.2pp5.2%+12.8ppN/A1.5%+22.6pp15.4%+29.2pp
Current Ratio5.05+2.8x5.60+0.5x7.23+0.7x1.16-5.3x2.20-8.8x5.11-6.3x6.55-21.0x6.42-15.5x
Debt-to-Equity7.04+2.7x2.07-1.6x0.89-1.2xN/A4.37-1.5x3.64+0.9x2.14+1.2x2.51+2.4x
Asset TurnoverN/AN/AN/AN/AN/AN/A0.000.0xN/A

Not reported in any period shown, so not listed: FCF Margin.

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: Gross Margin, Operating Margin, Net Margin.

Frequently Asked Questions

Is StableX Technologies, Inc. profitable?

Yes, StableX Technologies, Inc. (SBLX) reported a net income of $21.1M in fiscal year 2025.

What is StableX Technologies, Inc.'s earnings per share (EPS)?

StableX Technologies, Inc. (SBLX) reported diluted earnings per share of -$32.24 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.

What is StableX Technologies, Inc.'s EBITDA?

StableX Technologies, Inc. (SBLX) had EBITDA of -$10.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

StableX Technologies, Inc. (SBLX) has a return on equity of 568.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

StableX Technologies, Inc. (SBLX) recorded an outflow of $7.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

StableX Technologies, Inc. (SBLX) had $11.4M in total assets as of fiscal year 2025, including both current and long-term assets.

StableX Technologies, Inc. (SBLX) invested $1.4M in research and development during fiscal year 2025.

StableX Technologies, Inc. (SBLX) had 1M shares outstanding as of fiscal year 2025.

StableX Technologies, Inc. (SBLX) had a current ratio of 5.60 as of fiscal year 2025, which is generally considered healthy.

StableX Technologies, Inc. (SBLX) had a debt-to-equity ratio of 2.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

StableX Technologies, Inc. (SBLX) had a return on assets of 184.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

StableX Technologies, Inc. (SBLX) has a Piotroski F-Score of 3 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.

For every $1 of reported earnings, StableX Technologies, Inc. (SBLX) used $0.36 of operating cash (-$7.7M OCF vs $21.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.

StableX Technologies, Inc. (SBLX) reported an operating loss of $10.5M against $127K 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.

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