Seafarer Expl Corp Financials
This page shows Seafarer Expl Corp (SFRX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Financial Health Signals
Based on FY2025 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 Seafarer Expl 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.
Seafarer Expl Corp has an operating margin of -15654.3%, meaning the company retains $-15654 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 -20488.5% the prior year.
Seafarer Expl Corp's revenue grew a modest 0.0% year-over-year to $16K. This slow but positive growth earns a score of 20/100.
Seafarer Expl Corp's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Seafarer Expl Corp generated -$2.0M in operating cash flow, capex of $58K consumed most of it, leaving -$2.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Seafarer Expl Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Seafarer Expl Corp generates $0.73 in operating cash flow (-$2.0M OCF vs -$2.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Seafarer Expl Corp earns $-16.8 in operating income for every $1 of interest expense (-$2.6M vs $152K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Seafarer Expl Corp generated $16K in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Seafarer Expl Corp's EBITDA was -$2.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.7% from the prior year.
Seafarer Expl Corp reported -$2.7M in net income in fiscal year 2025. This represents an increase of 29.6% from the prior year.
Cash & Balance Sheet
Seafarer Expl Corp generated -$2.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 29.2% from the prior year.
Seafarer Expl Corp held $50K in cash against $0 in long-term debt as of fiscal year 2025.
Seafarer Expl Corp had 10.37B shares outstanding in fiscal year 2025. This represents an increase of 15.9% from the prior year.
Margins & Returns
Seafarer Expl Corp's operating margin was -15654.3% in fiscal year 2025, reflecting core business profitability. This is up 4834.2 percentage points from the prior year.
Seafarer Expl Corp's net profit margin was -16822.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7079.8 percentage points from the prior year.
Capital Allocation
Seafarer Expl Corp invested $575K in research and development in fiscal year 2025. This represents an increase of 17.3% from the prior year.
Seafarer Expl Corp invested $58K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.
SFRX Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $0 | N/A | $7K | N/A | $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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $184K+36.6% | $135K-12.5% | $154K | N/A | $110K-29.8% | $157K+19.0% | $132K | N/A |
| SG&A Expenses | $76K-20.2% | $95K+9.6% | $87K | N/A | $101K-5.6% | $107K-7.6% | $115K | N/A |
| Operating Income | -$644K-6.5% | -$604K+7.9% | -$656K | N/A | -$733K+10.9% | -$823K+25.0% | -$1.1M | N/A |
| Interest Expense | -$37K-7.3% | -$34K+21.3% | -$43K | N/A | -$36K+70.6% | -$123K-106.8% | -$59K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$680K-5.6% | -$644K+11.9% | -$731K | N/A | -$769K+21.6% | -$981K+25.3% | -$1.3M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SFRX Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $272K+21.5% | $224K-14.8% | $262K-9.0% | $288K-58.3% | $692K-17.1% | $834K+10.1% | $758K-17.6% | $920K |
| Current Assets | $30K+163.5% | $12K-54.6% | $25K-4.6% | $27K-94.2% | $464K-21.3% | $589K+18.8% | $496K-22.6% | $641K |
| Cash & Equivalents | $25K+661.6% | $3K-86.3% | $24K-0.1% | $24K-94.2% | $407K-14.1% | $474K-2.4% | $485K-20.0% | $606K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.6M+9.6% | $3.3M+4.1% | $3.1M+1.4% | $3.1M+3.3% | $3.0M+0.2% | $3.0M+7.2% | $2.8M+9.9% | $2.5M |
| Current Liabilities | $3.5M+8.9% | $3.2M+4.4% | $3.1M+1.7% | $3.0M+3.6% | $2.9M+0.4% | $2.9M+7.9% | $2.7M+11.0% | $2.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.3M-8.7% | -$3.0M-5.8% | -$2.9M-2.5% | -$2.8M-21.7% | -$2.3M-6.8% | -$2.2M-14.2% | -$1.9M-16.7% | -$1.6M |
| Retained Earnings | -$34.3M-2.0% | -$33.6M-2.0% | -$33.0M-2.3% | -$32.2M-2.7% | -$31.4M-2.5% | -$30.6M-3.3% | -$29.7M-4.6% | -$28.3M |
SFRX Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$461K+6.3% | -$492K+17.1% | -$593K+3.3% | -$613K+7.4% | -$663K+12.7% | -$759K+9.0% | -$834K-24.1% | -$672K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $482K+2.3% | $471K-20.6% | $593K+105.6% | $289K-51.6% | $596K-20.3% | $748K+4.9% | $713K-10.4% | $795K |
| 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 | $0 |
SFRX Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | -11089.3% | N/A | -34642.5% | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -11628.0% | N/A | -41390.2% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -250.2%+37.8pp | -288.0%-9.3pp | -278.7% | N/A | -111.2%+6.4pp | -117.5%+55.5pp | -173.1% | N/A |
| Current Ratio | 0.010.0 | 0.000.0 | 0.010.0 | 0.01-0.1 | 0.16-0.0 | 0.20+0.0 | 0.18-0.1 | 0.26 |
| Debt-to-Equity | -1.080.0 | -1.07+0.0 | -1.09+0.0 | -1.10+0.2 | -1.30+0.1 | -1.39+0.1 | -1.48+0.1 | -1.57 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$3.4M), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Seafarer Expl Corp's annual revenue?
Seafarer Expl Corp (SFRX) reported $16K in total revenue for fiscal year 2025. This represents a 0.0% 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 Seafarer Expl Corp's revenue growing?
Seafarer Expl Corp (SFRX) revenue grew by 0% year-over-year, from $16K to $16K in fiscal year 2025.
Is Seafarer Expl Corp profitable?
No, Seafarer Expl Corp (SFRX) reported a net income of -$2.7M in fiscal year 2025, with a net profit margin of -16822.0%.
What is Seafarer Expl Corp's EBITDA?
Seafarer Expl Corp (SFRX) had EBITDA of -$2.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Seafarer Expl Corp's operating margin?
Seafarer Expl Corp (SFRX) had an operating margin of -15654.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Seafarer Expl Corp's net profit margin?
Seafarer Expl Corp (SFRX) had a net profit margin of -16822.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Seafarer Expl Corp's free cash flow?
Seafarer Expl Corp (SFRX) generated -$2.1M in free cash flow during fiscal year 2025. This represents a 29.2% 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 Seafarer Expl Corp's operating cash flow?
Seafarer Expl Corp (SFRX) generated -$2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Seafarer Expl Corp's total assets?
Seafarer Expl Corp (SFRX) had $276K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Seafarer Expl Corp's capital expenditures?
Seafarer Expl Corp (SFRX) invested $58K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Seafarer Expl Corp spend on research and development?
Seafarer Expl Corp (SFRX) invested $575K in research and development during fiscal year 2025.
What is Seafarer Expl Corp's current ratio?
Seafarer Expl Corp (SFRX) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Seafarer Expl Corp's debt-to-equity ratio?
Seafarer Expl Corp (SFRX) had a debt-to-equity ratio of -1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Seafarer Expl Corp's return on assets (ROA)?
Seafarer Expl Corp (SFRX) had a return on assets of -994.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Seafarer Expl Corp's cash runway?
Based on fiscal year 2025 data, Seafarer Expl Corp (SFRX) had $50K in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 0 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 Seafarer Expl Corp's debt-to-equity ratio negative or unusual?
Seafarer Expl Corp (SFRX) has negative shareholder equity of -$3.4M as of fiscal year 2025, 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 Seafarer Expl Corp's Piotroski F-Score?
Seafarer Expl Corp (SFRX) 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 Seafarer Expl Corp's earnings high quality?
Seafarer Expl Corp (SFRX) has an earnings quality ratio of 0.73x, 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 Seafarer Expl Corp cover its interest payments?
Seafarer Expl Corp (SFRX) has an interest coverage ratio of -16.8x, 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 Seafarer Expl Corp?
Seafarer Expl Corp (SFRX) scores 3 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.