Singlepoint Inc Financials

SING

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Singlepoint Inc has an operating margin of -98.7%, meaning the company retains $-99 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 down from -61.1% the prior year.

Growth

Singlepoint Inc's revenue declined 22.9% year-over-year, from $26.3M to $20.3M. This contraction results in a growth score of 0/100.

Liquidity

Singlepoint Inc's current ratio of 0.08 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Singlepoint Inc generated -$2.6M in operating cash flow, capex of $44K consumed most of it, leaving -$2.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Singlepoint Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.09x

For every $1 of reported earnings, Singlepoint Inc generates $0.09 in operating cash flow (-$2.6M OCF vs -$28.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-39.0x

Singlepoint Inc earns $-39.0 in operating income for every $1 of interest expense (-$20.0M vs $514K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Singlepoint Inc (SING) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

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Key Financial Metrics

Revenue

$20.3M

YoY-22.9%

5Y CAGR+43.4%

Singlepoint Inc generated $20.3M in revenue in fiscal year 2024. This represents a decrease of 22.9% from the prior year.

EBITDA

-$19.5M

YoY-26.9%

Singlepoint Inc's EBITDA was -$19.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.9% from the prior year.

Free Cash Flow

-$2.7M

YoY+29.1%

Singlepoint Inc generated -$2.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 29.1% from the prior year.

Net Income

-$28.9M

YoY-59.0%

Singlepoint Inc reported -$28.9M in net income in fiscal year 2024. This represents a decrease of 59.0% from the prior year.

EPS (Diluted)

$-3.58

Singlepoint Inc earned $-3.58 per diluted share (EPS) in fiscal year 2024. This represents an increase of 99.9% from the prior year.

Cash & Debt

$295K

YoY-61.1%

5Y CAGR+21.8%

Singlepoint Inc held $295K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

13M

Singlepoint Inc had 13M shares outstanding in fiscal year 2024. This represents an increase of 30353.7% from the prior year.

Gross Margin

36.5%

YoY+9.2pp

5Y CAGR+6.9pp

Singlepoint Inc's gross margin was 36.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.2 percentage points from the prior year.

Operating Margin

-98.7%

YoY-37.6pp

5Y CAGR+64.7pp

Singlepoint Inc's operating margin was -98.7% in fiscal year 2024, reflecting core business profitability. This is down 37.6 percentage points from the prior year.

Net Margin

-142.7%

YoY-73.5pp

5Y CAGR+98.6pp

Singlepoint Inc's net profit margin was -142.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 73.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$44K

YoY-58.3%

Singlepoint Inc invested $44K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 58.3% from the prior year.

SING Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$20.3M-22.9%	$26.3M+20.8%	$21.8M+2593.3%	$809K-71.9%	$2.9M-13.9%	$3.3M
Cost of Revenue	$12.3M-34.3%	$18.6M+20.6%	$15.5M+1998.6%	$737K-66.6%	$2.2M-6.3%	$2.4M
Gross Profit	$7.4M+3.2%	$7.2M+13.4%	$6.3M+8665.5%	$72K-89.3%	$674K-32.0%	$991K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.8M-79.2%	$23.3M+77.4%	$13.1M+161.8%	$5.0M+60.9%	$3.1M-42.5%	$5.4M
Operating Income	-$20.0M-24.5%	-$16.1M-137.1%	-$6.8M-37.5%	-$4.9M-49.6%	-$3.3M+39.6%	-$5.5M
Interest Expense	$514K-65.2%	$1.5M+530.9%	$234K+53.4%	$153K-68.3%	$482K+22.5%	$394K
Income Tax	N/A	$0	$0	$0	N/A	N/A
Net Income	-$28.9M-59.0%	-$18.2M-97.7%	-$9.2M-71.3%	-$5.4M-20.9%	-$4.4M+44.9%	-$8.1M
EPS (Diluted)	$-3.58	$-2681.62	N/A	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	$5.2M-6.9%	$5.5M+1.7%	$5.4M+31.7%	$4.1M-25.3%	$5.5M-19.9%	$6.9M-15.1%	$8.1M+42.5%	$5.7M
Cost of Revenue	$2.9M-5.3%	$3.0M-25.0%	$4.1M+77.4%	$2.3M-46.7%	$4.3M-11.6%	$4.8M-11.0%	$5.4M+34.0%	$4.1M
Gross Profit	$1.7M-34.0%	$2.5M+79.1%	$1.4M-24.6%	$1.9M+146.3%	$752K-63.6%	$2.1M-23.4%	$2.7M+63.4%	$1.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	-$8.8M-354.3%	$3.5M-42.1%	$6.0M+42.4%	$4.2M-39.0%	$6.9M+117.0%	$3.2M-1.6%	$3.2M-67.6%	$10.0M
Operating Income	-$12.1M-1154.8%	-$966K+79.0%	-$4.6M-95.2%	-$2.4M+61.7%	-$6.1M-453.9%	-$1.1M-110.7%	-$526K+93.7%	-$8.3M
Interest Expense	$111K-9.1%	$122K-22.0%	$157K+26.2%	$124K-59.7%	$308K-16.8%	$370K+7.1%	$346K-23.6%	$453K
Income Tax	N/A	N/A	N/A	$0	$0	$0	$0	$0
Net Income	-$11.7M-158.8%	-$4.5M+54.3%	-$9.9M-245.9%	-$2.9M+58.6%	-$6.9M-443.5%	-$1.3M+5.2%	-$1.3M+84.6%	-$8.7M
EPS (Diluted)	$-48.35	$-0.83	$45.97+12524.3%	$-0.37	$-6882.71	$-541.02-109.9%	$5461.23	$-719.12

SING Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.0M-82.3%	$17.3M-9.8%	$19.1M+707.4%	$2.4M-18.8%	$2.9M+20.4%	$2.4M
Current Assets	$1.4M-73.8%	$5.4M-22.7%	$7.0M+1247.1%	$517K+91.5%	$270K+4.5%	$258K
Cash & Equivalents	$295K-61.1%	$759K+34.4%	$564K+194.7%	$191K-3.5%	$198K+80.2%	$110K
Inventory	$0-100.0%	$1.8M-26.0%	$2.5M+3432.2%	$70K+10.7%	$63K-15.0%	$75K
Accounts Receivable	$912K-15.3%	$1.1M-64.5%	$3.0M+3242.8%	$91K+2594.9%	$3K-93.2%	$49K
Goodwill	$0-100.0%	$7.2M0.0%	$7.2M+323.0%	$1.7M-10.1%	$1.9M-3.7%	$2.0M
Total Liabilities	$19.7M+20.3%	$16.4M-42.4%	$28.4M+373.5%	$6.0M-1.7%	$6.1M-11.8%	$6.9M
Current Liabilities	$18.0M+20.2%	$15.0M-30.6%	$21.6M+866.5%	$2.2M-62.3%	$5.9M-13.4%	$6.8M
Long-Term Debt	$0-100.0%	$346K	N/A	N/A	N/A	$2.1M
Total Equity	-$16.7M-1436.9%	$1.2M+113.4%	-$9.3M-156.1%	-$3.6M-13.8%	-$3.2M+29.1%	-$4.5M
Retained Earnings	-$131.6M-28.2%	-$102.6M-7.8%	-$95.2M-10.5%	-$86.2M-6.7%	-$80.8M-5.3%	-$76.8M

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$3.0M-79.3%	$14.7M-2.6%	$15.1M-9.2%	$16.7M-3.4%	$17.3M-10.6%	$19.3M-1.8%	$19.7M	N/A
Current Assets	$1.4M-59.0%	$3.4M-7.2%	$3.7M-26.1%	$5.0M-6.8%	$5.4M-26.7%	$7.3M-4.7%	$7.7M	N/A
Cash & Equivalents	$295K+354.2%	$65K-74.4%	$254K-52.4%	$534K-29.6%	$759K+73.1%	$438K-2.8%	$451K-9.3%	$497K
Inventory	$0-100.0%	$700K-6.3%	$747K+13.8%	$657K-64.2%	$1.8M-38.6%	$3.0M-5.6%	$3.2M	N/A
Accounts Receivable	$912K-50.8%	$1.9M+21.5%	$1.5M-11.7%	$1.7M+60.5%	$1.1M-52.1%	$2.2M-11.1%	$2.5M	N/A
Goodwill	$0-100.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M	N/A
Total Liabilities	$19.7M-2.5%	$20.2M+8.4%	$18.6M+16.2%	$16.0M-2.0%	$16.4M-49.9%	$32.7M+2.3%	$31.9M	N/A
Current Liabilities	$18.0M-5.6%	$19.1M+9.6%	$17.4M+17.9%	$14.8M-1.5%	$15.0M-43.2%	$26.4M+4.0%	$25.4M	N/A
Long-Term Debt	$0	N/A	N/A	N/A	$346K	N/A	N/A	N/A
Total Equity	-$16.7M-169.1%	-$6.2M-46.5%	-$4.2M-4019.5%	-$102K-108.2%	$1.2M+109.3%	-$13.4M-8.9%	-$12.3M-10.3%	-$11.1M
Retained Earnings	-$131.6M-9.8%	-$119.8M-3.9%	-$115.3M-9.4%	-$105.4M-2.7%	-$102.6M-2.4%	-$100.2M-1.4%	-$98.9M	N/A

SING Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.6M+28.3%	-$3.6M+12.5%	-$4.2M+13.8%	-$4.8M-147.1%	-$2.0M-9.4%	-$1.8M
Capital Expenditures	$44K-58.3%	$106K+14.0%	$93K+371.7%	$20K	$0	N/A
Free Cash Flow	-$2.7M+29.1%	-$3.8M+11.9%	-$4.3M+12.2%	-$4.9M-148.1%	-$2.0M	N/A
Investing Cash Flow	-$54K+69.1%	-$175K+88.5%	-$1.5M-3305.5%	-$45K-278.8%	$25K	$0
Financing Cash Flow	$2.2M-45.1%	$4.0M-33.7%	$6.1M+24.5%	$4.9M+141.2%	$2.0M+10.4%	$1.8M
Dividends Paid	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

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	-$49K+81.3%	-$262K+83.7%	-$1.6M-133.7%	-$690K+77.7%	-$3.1M-222965.7%	$1K+107.9%	-$18K+96.7%	-$539K
Capital Expenditures	-$6K-116.8%	$37K	$0-100.0%	$13K-66.2%	$39K+154.8%	$15K+9392.7%	-$164-100.3%	$52K
Free Cash Flow	-$55K+81.5%	-$300K+81.4%	-$1.6M-129.3%	-$703K+77.5%	-$3.1M-22494.2%	-$14K+21.7%	-$18K+97.0%	-$591K
Investing Cash Flow	$6K+116.8%	-$37K	$0+100.0%	-$23K+52.6%	-$49K-167.7%	-$18K+67.6%	-$56K-8.3%	-$52K
Financing Cash Flow	$273K+146.0%	$111K-91.7%	$1.3M+172.9%	$489K-85.9%	$3.5M+82922.4%	$4K-85.0%	$28K-94.7%	$524K
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

SING Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	36.5%+9.2pp	27.3%-1.8pp	29.0%+20.1pp	8.9%-14.5pp	23.4%-6.2pp	29.6%
Operating Margin	-98.7%-37.6pp	-61.1%-30.0pp	-31.1%+578.9pp	-610.0%-495.4pp	-114.6%+48.8pp	-163.4%
Net Margin	-142.7%-73.5pp	-69.1%-26.9pp	-42.2%+622.0pp	-664.2%-509.8pp	-154.4%+86.9pp	-241.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-950.1%-844.7pp	-105.5%-57.3pp	-48.1%+178.8pp	-226.9%-74.5pp	-152.4%+180.8pp	-333.2%
Current Ratio	0.08-0.3	0.36+0.0	0.32+0.1	0.23+0.2	0.050.0	0.04
Debt-to-Equity	0.00-0.3	0.28+3.3	-3.05-1.4	-1.65+0.3	-1.91-1.5	-0.46
FCF Margin	-13.1%+1.2pp	-14.3%+5.3pp	-19.5%+580.2pp	-599.7%-531.8pp	-67.9%	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	32.0%-13.1pp	45.1%+19.5pp	25.6%-19.1pp	44.8%+31.2pp	13.6%-16.3pp	29.9%-3.2pp	33.1%+4.2pp	28.9%
Operating Margin	-234.9%-217.5pp	-17.4%+66.8pp	-84.2%-27.4pp	-56.9%+54.0pp	-110.9%-94.8pp	-16.0%-9.6pp	-6.5%+138.9pp	-145.4%
Net Margin	-226.4%-145.0pp	-81.5%+99.9pp	-181.4%-112.3pp	-69.1%+55.7pp	-124.8%-106.4pp	-18.4%-1.9pp	-16.4%+135.2pp	-151.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-383.6%-353.0pp	-30.6%+34.6pp	-65.3%-48.1pp	-17.1%+22.9pp	-40.0%-33.4pp	-6.6%+0.2pp	-6.8%	N/A
Current Ratio	0.08-0.1	0.18-0.0	0.21-0.1	0.34-0.0	0.36+0.1	0.28-0.0	0.30	N/A
Debt-to-Equity	0.00+3.3	-3.26+1.1	-4.41+152.1	-156.51-156.8	0.28+2.7	-2.44+0.2	-2.60	N/A
FCF Margin	-1.1%+4.3pp	-5.4%+24.2pp	-29.6%-12.6pp	-17.0%+39.5pp	-56.5%-56.3pp	-0.2%+0.0pp	-0.2%+10.1pp	-10.3%

Note: Shareholder equity is negative (-$16.7M), 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 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Singlepoint Inc's annual revenue?

Singlepoint Inc (SING) reported $20.3M in total revenue for fiscal year 2024. This represents a -22.9% 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 Singlepoint Inc's revenue growing?

Singlepoint Inc (SING) revenue declined by 22.9% year-over-year, from $26.3M to $20.3M in fiscal year 2024.

Is Singlepoint Inc profitable?

No, Singlepoint Inc (SING) reported a net income of -$28.9M in fiscal year 2024, with a net profit margin of -142.7%.

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

Singlepoint Inc (SING) reported diluted earnings per share of $-3.58 for fiscal year 2024. 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 Singlepoint Inc's EBITDA?

Singlepoint Inc (SING) had EBITDA of -$19.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Singlepoint Inc have?

As of fiscal year 2024, Singlepoint Inc (SING) had $295K in cash and equivalents against $0 in long-term debt.

What is Singlepoint Inc's gross margin?

Singlepoint Inc (SING) had a gross margin of 36.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Singlepoint Inc's operating margin?

Singlepoint Inc (SING) had an operating margin of -98.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Singlepoint Inc's net profit margin?

Singlepoint Inc (SING) had a net profit margin of -142.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Singlepoint Inc's free cash flow?

Singlepoint Inc (SING) generated -$2.7M in free cash flow during fiscal year 2024. This represents a 29.1% 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 Singlepoint Inc's operating cash flow?

Singlepoint Inc (SING) generated -$2.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Singlepoint Inc's total assets?

Singlepoint Inc (SING) had $3.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Singlepoint Inc's capital expenditures?

Singlepoint Inc (SING) invested $44K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Singlepoint Inc have outstanding?

Singlepoint Inc (SING) had 13M shares outstanding as of fiscal year 2024.

What is Singlepoint Inc's current ratio?

Singlepoint Inc (SING) had a current ratio of 0.08 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Singlepoint Inc's debt-to-equity ratio?

Singlepoint Inc (SING) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Singlepoint Inc (SING) had a return on assets of -950.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Singlepoint Inc's cash runway?

Based on fiscal year 2024 data, Singlepoint Inc (SING) had $295K in cash against an annual operating cash burn of $2.6M. 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.

Why is Singlepoint Inc's debt-to-equity ratio negative or unusual?

Singlepoint Inc (SING) has negative shareholder equity of -$16.7M as of fiscal year 2024, 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 Singlepoint Inc's Piotroski F-Score?

Singlepoint Inc (SING) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Singlepoint Inc's earnings high quality?

Singlepoint Inc (SING) has an earnings quality ratio of 0.09x, 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 Singlepoint Inc cover its interest payments?

Singlepoint Inc (SING) has an interest coverage ratio of -39.0x, 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 Singlepoint Inc?

Singlepoint Inc (SING) scores 0 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.