What is SideChannel Inc.'s earnings per share (EPS)?

SideChannel Inc. (SDCH) reported diluted earnings per share of $0.00 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.

SideChannel Inc. Financials

SDCH

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE September

This page shows SideChannel Inc. (SDCH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 SDCH FY2025 2026-05-12

Near-break-even economics now reflect overhead restraint more than stronger unit margins or consistently self-funded operations.

After the prior year turned cash-positive, the company finished with $1.1M of cash even though operating cash flow slipped to -$130K. Because the operating loss was essentially unchanged and receivables were lower, that higher cash balance looks more like a liquidity snapshot than proof the business has become self-funding.

Loss reduction since the deep-loss year came mainly from cost discipline. Selling and administrative expense fell from 54.6% of revenue to 39.4%, so a similar gross-margin base supported a much smaller operating loss. That is a different mechanic from margin expansion: the business is asking roughly the same gross profit engine to carry less overhead.

Balance-sheet pressure is more about near-term funding than long-term leverage. Goodwill accounts for about $1.4M of $3.5M in assets, which means a meaningful slice of the asset base cannot help fund current obligations. With all reported liabilities current and the current ratio down to 1.6x, working-capital management matters more than servicing multi-year borrowings.

Financial Health Signals

Financial health score pending refresh

We are recalculating SideChannel Inc.'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.

Altman Z-Score Distress

-2.82

SideChannel Inc. scores -2.82, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.9M) relative to total liabilities ($1.3M). 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.

Piotroski F-Score Partial

3/8

SideChannel Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.15x

For every $1 of reported earnings, SideChannel Inc. generates $0.15 in operating cash flow (-$130K OCF vs -$892K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.4M

YoY-0.7%

5Y CAGR+173.6%

SideChannel Inc. generated $7.4M in revenue in fiscal year 2025. This represents a decrease of 0.7% from the prior year.

EBITDA

-$902K

YoY-20.6%

SideChannel Inc.'s EBITDA was -$902K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.6% from the prior year.

Net Income

-$892K

YoY+1.3%

SideChannel Inc. reported -$892K in net income in fiscal year 2025. This represents an increase of 1.3% from the prior year.

EPS (Diluted)

$0.00

SideChannel Inc. earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1M

YoY+17650.0%

5Y CAGR-0.3%

10Y CAGR-6.1%

SideChannel Inc. held $1.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

SideChannel Inc. had 4M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

47.7%

YoY-0.1pp

5Y CAGR-52.3pp

SideChannel Inc.'s gross margin was 47.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

-12.5%

YoY+0.2pp

5Y CAGR+14421.3pp

SideChannel Inc.'s operating margin was -12.5% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.

Net Margin

-12.1%

YoY+0.1pp

5Y CAGR+14514.0pp

SideChannel Inc.'s net profit margin was -12.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity

-41.6%

YoY-8.2pp

5Y CAGR+3215.4pp

SideChannel Inc.'s ROE was -41.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$562K

YoY+2.9%

5Y CAGR-19.8%

10Y CAGR+9.5%

SideChannel Inc. invested $562K in research and development in fiscal year 2025. This represents an increase of 2.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

SDCH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.4M-0.7%	$7.4M+12.6%	$6.6M+37.2%	$4.8M+71.1%	$2.8M+5733.3%	$48K
Cost of Revenue	$3.8M-0.5%	$3.9M+19.4%	$3.2M+31.3%	$2.5M+60.6%	$1.5M	N/A
Gross Profit	$3.5M-0.8%	$3.5M+6.0%	$3.3M+43.6%	$2.3M+83.9%	$1.3M+2530.1%	$48K
R&D Expenses	$562K+2.9%	$546K-18.4%	$669K+275.8%	$178K-71.1%	$617K-63.5%	$1.7M
SG&A Expenses	$2.9M-8.3%	$3.2M-12.0%	$3.6M+142.0%	$1.5M+125.9%	$656K-85.7%	$4.6M
Operating Income	-$918K+2.3%	-$940K+87.3%	-$7.4M+36.1%	-$11.6M-2373.3%	$510K+107.4%	-$6.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$14K+180.0%	$5K+101.3%	-$379K-294.4%	$195K	N/A	N/A
Net Income	-$892K+1.3%	-$904K+87.1%	-$7.0M+40.5%	-$11.8M-2395.5%	$513K+107.4%	-$7.0M
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.04+71.4%	$-0.14	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.6M-11.2%	$1.8M+0.1%	$1.8M-0.2%	$1.8M-6.2%	$1.9M-0.7%	$1.9M+0.9%	$1.9M+2.4%	$1.8M
Cost of Revenue	$733K-15.3%	$865K-5.9%	$919K-2.3%	$941K-1.3%	$953K-7.8%	$1.0M+6.2%	$974K+3.2%	$944K
Gross Profit	$843K-7.3%	$909K+6.4%	$854K+2.3%	$835K-11.3%	$941K+7.7%	$874K-4.7%	$917K+1.7%	$902K
R&D Expenses	$179K+2.3%	$175K+22.4%	$143K-2.1%	$146K+21.7%	$120K-21.6%	$153K-1.9%	$156K+10.6%	$141K
SG&A Expenses	$724K+6.9%	$677K-21.6%	$864K+20.8%	$715K+9.2%	$655K-0.8%	$660K-19.4%	$819K+5.3%	$778K
Operating Income	-$448K-12.0%	-$400K-4.4%	-$383K-42.9%	-$268K-339.3%	-$61K+70.4%	-$206K+22.8%	-$267K-73.4%	-$154K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2K-33.3%	$3K-62.5%	$8K+300.0%	$2K0.0%	$2K0.0%	$2K	N/A	N/A
Net Income	-$444K-12.1%	-$396K-3.7%	-$382K-46.4%	-$261K-383.3%	-$54K+72.3%	-$195K+24.7%	-$259K-77.4%	-$146K
EPS (Diluted)	$-0.10	$-0.09	N/A	$0.00+100.0%	$-0.01+75.0%	$-0.04	N/A	$0.00

SDCH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.5M-12.3%	$4.0M-0.8%	$4.0M-63.0%	$10.8M+1192.7%	$833K-54.5%	$1.8M
Current Assets	$2.1M-18.3%	$2.6M+4.7%	$2.4M-40.9%	$4.1M+397.8%	$832K-37.8%	$1.3M
Cash & Equivalents	$1.1M+17650.0%	$6K-85.7%	$42K-98.6%	$3.0M+770.7%	$348K-67.8%	$1.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$553K-24.5%	$732K-12.2%	$834K+36.3%	$612K+243.8%	$178K	$0
Goodwill	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M	N/A	N/A
Total Liabilities	$1.3M+6.0%	$1.2M+30.7%	$954K-30.5%	$1.4M+237.9%	$406K-79.4%	$2.0M
Current Liabilities	$1.3M+6.0%	$1.2M+30.7%	$954K-17.8%	$1.2M+186.0%	$406K-66.6%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$365K
Total Equity	$2.1M-20.7%	$2.7M-10.8%	$3.0M-67.8%	$9.4M+2100.5%	$427K+99.5%	$214K
Retained Earnings	-$20.7M-4.5%	-$19.8M-4.8%	-$18.9M-58.7%	-$11.9M-3568.9%	$344K+100.5%	-$68.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.6M-12.0%	$3.0M-14.1%	$3.5M-10.0%	$3.9M-5.2%	$4.1M+8.8%	$3.7M-5.5%	$4.0M+3.3%	$3.8M
Current Assets	$1.3M-22.0%	$1.6M-23.1%	$2.1M-15.5%	$2.5M-7.7%	$2.7M+14.2%	$2.3M-8.3%	$2.6M+6.0%	$2.4M
Cash & Equivalents	$264K+31.3%	$201K-81.1%	$1.1M-7.3%	$1.1M	$0-100.0%	$6K0.0%	$6K-99.5%	$1.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$548K-20.1%	$686K+24.1%	$553K-27.1%	$759K-6.1%	$808K+38.1%	$585K-20.1%	$732K-15.4%	$865K
Goodwill	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M0.0%	$1.4M
Total Liabilities	$1.2M+6.6%	$1.1M-14.4%	$1.3M-6.6%	$1.4M-2.7%	$1.5M+30.6%	$1.1M-10.7%	$1.2M+25.1%	$997K
Current Liabilities	$1.2M+6.6%	$1.1M-14.4%	$1.3M-6.6%	$1.4M-2.7%	$1.5M+30.6%	$1.1M-10.7%	$1.2M+25.1%	$997K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4M-23.4%	$1.8M-13.8%	$2.1M-12.0%	$2.4M-6.6%	$2.6M-0.4%	$2.6M-3.1%	$2.7M-4.4%	$2.8M
Retained Earnings	-$21.6M-2.1%	-$21.1M-1.9%	-$20.7M-1.9%	-$20.4M-1.3%	-$20.1M-0.3%	-$20.0M-1.0%	-$19.8M-1.3%	-$19.6M

SDCH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$130K-142.3%	$307K+115.8%	-$1.9M-391.2%	-$396K-352.2%	$157K+102.4%	-$6.6M
Capital Expenditures	N/A	$15K-53.1%	$32K	N/A	N/A	$29K
Free Cash Flow	N/A	$292K+114.8%	-$2.0M	N/A	N/A	-$6.7M
Investing Cash Flow	$150K+156.6%	-$265K-728.1%	-$32K-100.9%	$3.6M	N/A	-$29K
Financing Cash Flow	N/A	-$50K	N/A	-$511K-70.3%	-$300K-254.7%	-$85K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$40K-91.1%	$450K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$284K+50.2%	-$570K-578.6%	-$84K+11.6%	-$95K-265.4%	-$26K-134.7%	$75K-60.5%	$190K-29.4%	$269K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$190K	N/A
Investing Cash Flow	$100K	N/A	$0	$0	N/A	N/A	-$250K	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
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

SDCH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	47.7%-0.1pp	47.7%-3.0pp	50.7%+2.2pp	48.5%+3.4pp	45.1%-54.9pp	100.0%
Operating Margin	-12.5%+0.2pp	-12.7%+100.1pp	-112.8%+129.3pp	-242.1%-260.3pp	18.2%+14452.0pp	-14433.7%
Net Margin	-12.1%+0.1pp	-12.2%+94.4pp	-106.6%+139.3pp	-245.9%-264.2pp	18.3%+14544.5pp	-14526.1%
Return on Equity	-41.6%-8.2pp	-33.4%+197.8pp	-231.2%-105.9pp	-125.3%-245.5pp	120.1%+3377.2pp	-3257.0%
Return on Assets	-25.7%-2.9pp	-22.9%+153.0pp	-175.8%-66.5pp	-109.4%-170.9pp	61.6%+442.6pp	-381.0%
Current Ratio	1.58-0.5	2.05-0.5	2.57-1.0	3.57+1.5	2.05+0.9	1.10
Debt-to-Equity	0.62+0.2	0.46+0.1	0.31+0.2	0.15-0.8	0.95-0.8	1.71
FCF Margin	N/A	4.0%+34.0pp	-30.1%	N/A	N/A	-13911.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	53.5%+2.3pp	51.2%+3.1pp	48.2%+1.2pp	47.0%-2.7pp	49.7%+3.9pp	45.8%-2.7pp	48.5%-0.4pp	48.9%
Operating Margin	-28.4%-5.9pp	-22.6%-1.0pp	-21.6%-6.5pp	-15.1%-11.9pp	-3.2%+7.6pp	-10.8%+3.3pp	-14.1%-5.8pp	-8.3%
Net Margin	-28.2%-5.8pp	-22.3%-0.8pp	-21.6%-6.9pp	-14.7%-11.8pp	-2.9%+7.4pp	-10.2%+3.5pp	-13.7%-5.8pp	-7.9%
Return on Equity	-31.4%-10.0pp	-21.4%-3.6pp	-17.8%-7.1pp	-10.7%-8.6pp	-2.1%+5.4pp	-7.4%+2.1pp	-9.6%-4.4pp	-5.2%
Return on Assets	-17.0%-3.7pp	-13.3%-2.3pp	-11.0%-4.2pp	-6.8%-5.5pp	-1.3%+3.9pp	-5.2%+1.3pp	-6.6%-2.7pp	-3.8%
Current Ratio	1.04-0.4	1.42-0.2	1.58-0.2	1.75-0.1	1.84-0.3	2.11+0.1	2.05-0.4	2.43
Debt-to-Equity	0.85+0.2	0.610.0	0.62+0.0	0.58+0.0	0.56+0.1	0.43-0.0	0.46+0.1	0.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	10.1%	N/A

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Frequently Asked Questions

What is SideChannel Inc.'s annual revenue?

SideChannel Inc. (SDCH) reported $7.4M in total revenue for fiscal year 2025. This represents a -0.7% 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 SideChannel Inc.'s revenue growing?

SideChannel Inc. (SDCH) revenue declined by 0.7% year-over-year, from $7.4M to $7.4M in fiscal year 2025.

Is SideChannel Inc. profitable?

No, SideChannel Inc. (SDCH) reported a net income of -$892K in fiscal year 2025, with a net profit margin of -12.1%.

What is SideChannel Inc.'s EBITDA?

SideChannel Inc. (SDCH) had EBITDA of -$902K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is SideChannel Inc.'s gross margin?

SideChannel Inc. (SDCH) had a gross margin of 47.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is SideChannel Inc.'s operating margin?

SideChannel Inc. (SDCH) had an operating margin of -12.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is SideChannel Inc.'s net profit margin?

SideChannel Inc. (SDCH) had a net profit margin of -12.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is SideChannel Inc.'s return on equity (ROE)?

SideChannel Inc. (SDCH) has a return on equity of -41.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SideChannel Inc.'s operating cash flow?

SideChannel Inc. (SDCH) generated -$130K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SideChannel Inc.'s total assets?

SideChannel Inc. (SDCH) had $3.5M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does SideChannel Inc. spend on research and development?

SideChannel Inc. (SDCH) invested $562K in research and development during fiscal year 2025.

How many shares does SideChannel Inc. have outstanding?

SideChannel Inc. (SDCH) had 4M shares outstanding as of fiscal year 2025.

What is SideChannel Inc.'s current ratio?

SideChannel Inc. (SDCH) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.

What is SideChannel Inc.'s debt-to-equity ratio?

SideChannel Inc. (SDCH) had a debt-to-equity ratio of 0.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SideChannel Inc.'s return on assets (ROA)?

SideChannel Inc. (SDCH) had a return on assets of -25.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SideChannel Inc.'s cash runway?

Based on fiscal year 2025 data, SideChannel Inc. (SDCH) had $1.1M in cash against an annual operating cash burn of $130K. This gives an estimated cash runway of approximately 98 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 SideChannel Inc.'s Altman Z-Score?

SideChannel Inc. (SDCH) has an Altman Z-Score of -2.82, 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 SideChannel Inc.'s Piotroski F-Score?

SideChannel Inc. (SDCH) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 SideChannel Inc.'s earnings high quality?

SideChannel Inc. (SDCH) has an earnings quality ratio of 0.15x, 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.