What is United States Basketball League Inc's earnings per share (EPS)?

United States Basketball League Inc (SPEV) reported diluted earnings per share of $-0.01 for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. 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.

United States Basketball League Inc Financials

SPEV

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows United States Basketball League Inc (SPEV) 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).

Financial Health Signals

Earnings Quality Low Quality

0.01x

For every $1 of reported earnings, United States Basketball League Inc generates $0.01 in operating cash flow (-$3K OCF vs -$337K 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

-4.0x

United States Basketball League Inc earns $-4.0 in operating income for every $1 of interest expense (-$269K vs $68K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$15K

YoY-77.1%

10Y CAGR+0.7%

United States Basketball League Inc generated $15K in revenue in fiscal year 2025. This represents a decrease of 77.1% from the prior year.

EBITDA

N/A

Net Income

-$337K

YoY+25.1%

United States Basketball League Inc reported -$337K in net income in fiscal year 2025. This represents an increase of 25.1% from the prior year.

EPS (Diluted)

$-0.01

YoY+0.0%

United States Basketball League Inc earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

52M

YoY+7.7%

10Y CAGR+30.8%

United States Basketball League Inc had 52M shares outstanding in fiscal year 2025. This represents an increase of 7.7% from the prior year.

Margins & Returns

Gross Margin

-262.6%

YoY-243.1pp

United States Basketball League Inc's gross margin was -262.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 243.1 percentage points from the prior year.

Operating Margin

-1807.3%

YoY-1146.3pp

10Y CAGR-1207.6pp

United States Basketball League Inc's operating margin was -1807.3% in fiscal year 2025, reflecting core business profitability. This is down 1146.3 percentage points from the prior year.

Net Margin

-2262.5%

YoY-1571.0pp

10Y CAGR-3005.9pp

United States Basketball League Inc's net profit margin was -2262.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1571.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SPEV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15K-77.1%	$65K+223.8%	$20K+302.2%	$5K	N/A	N/A
Cost of Revenue	$54K	N/A	$49K	N/A	N/A	N/A
Gross Profit	-$39K-207.9%	-$13K+61.5%	-$33K	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$105K+5.5%	$100K-70.3%	$335K+46.2%	$229K+1700.3%	$13K+238.4%	$4K
Operating Income	-$269K+37.4%	-$430K+22.1%	-$552K-81.7%	-$304K-1047.4%	-$26K+36.0%	-$41K
Interest Expense	$68K-2.9%	$70K-13.3%	$81K-95.3%	$1.7M	N/A	N/A
Income Tax	N/A	N/A	N/A	$0	N/A	N/A
Net Income	-$337K+25.1%	-$450K+28.9%	-$633K+69.5%	-$2.1M-7725.0%	-$26K+36.0%	-$41K
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.01+97.2%	$-0.36	$0.00	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$8K+17.2%	$7K-95.7%	$165K+1219.4%	$12K-19.2%	$15K-53.7%	$33K+769.2%	$4K+34.9%	$3K
Cost of Revenue	N/A	N/A	N/A	N/A	$29K+31.0%	$22K	N/A	$10K
Gross Profit	-$9K-52.7%	-$6K-104.5%	$125K+682.3%	-$22K-44.6%	-$15K-145.8%	$33K+469.2%	-$9K-4.3%	-$8K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$38K+154.1%	$15K-42.3%	$26K-19.5%	$32K+165.0%	$12K-64.8%	$34K+58.5%	$22K-39.3%	$36K
Operating Income	-$121K-36.3%	-$89K-490.2%	$23K+118.6%	-$122K-11.2%	-$110K-18.8%	-$93K+12.1%	-$105K-5.8%	-$100K
Interest Expense	$17K-1.3%	$17K+1.8%	$17K-0.4%	$17K-1.1%	$17K-27.7%	$24K+94.7%	$12K+207.3%	$4K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$138K-30.2%	-$106K-1896.9%	$6K+104.2%	-$139K-80.5%	-$77K+33.6%	-$116K+1.1%	-$118K-13.5%	-$104K
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00	$0.00

SPEV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$65K-78.8%	$308K+44.9%	$213K+283852.0%	$75-75.1%	$301
Current Assets	N/A	$64K-79.1%	$307K	N/A	N/A	N/A
Cash & Equivalents	N/A	$0	$0	$0	$0-100.0%	$301
Inventory	N/A	$45K+551.0%	$7K	N/A	N/A	N/A
Accounts Receivable	N/A	$0-100.0%	$3K	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$1.7M+13.5%	$1.5M-15.2%	$1.8M-25.7%	$2.4M+1.1%	$2.4M
Current Liabilities	N/A	$822K+63.9%	$501K+3619.2%	$13K-99.4%	$2.4M+1.1%	$2.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	-$1.7M-36.7%	-$1.2M+23.2%	-$1.6M+34.5%	-$2.4M-1.1%	-$2.4M
Retained Earnings	N/A	-$2.9M-18.1%	-$2.5M+65.4%	-$7.2M-40.5%	-$5.1M-0.5%	-$5.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$74K-48.9%	$145K-20.1%	$182K+177.5%	$65K-10.4%	$73K-19.6%	$91K-56.6%	$209K-32.1%	$308K
Current Assets	$73K-49.3%	$144K-20.2%	$181K+180.2%	$64K-10.6%	$72K-19.8%	$90K-56.9%	$208K-32.2%	$307K
Cash & Equivalents	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$18K-3.6%	$19K0.0%	$19K-57.5%	$45K+29.5%	$35K+89.6%	$18K+147.6%	$7K+7.0%	$7K
Accounts Receivable	$843-99.2%	$102K-37.0%	$162K	$0-100.0%	$15K+2.9%	$14K	N/A	$3K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M+3.5%	$1.9M+3.8%	$1.8M+5.5%	$1.7M+8.2%	$1.6M+3.8%	$1.6M+2.0%	$1.5M-0.9%	$1.5M
Current Liabilities	$1.1M+6.8%	$987K+7.6%	$918K+11.7%	$822K+19.1%	$690K+13.7%	$607K+15.6%	$525K+4.7%	$501K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.9M-7.8%	-$1.8M-6.4%	-$1.7M+1.2%	-$1.7M-9.1%	-$1.5M-5.3%	-$1.5M-8.7%	-$1.3M-9.6%	-$1.2M
Retained Earnings	-$3.2M-4.5%	-$3.0M-3.6%	-$2.9M+0.2%	-$2.9M-5.0%	-$2.8M-2.8%	-$2.7M-5.8%	-$2.6M-3.4%	-$2.5M

SPEV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3K+98.1%	-$154K+42.3%	-$267K-126.3%	-$118K-9523.9%	-$1K+94.9%	-$24K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	-$50K	$0	$0	$0
Financing Cash Flow	-$113K0.0%	-$113K-120.7%	$547K+83.2%	$299K+29767.0%	$1K-95.9%	$24K
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$36K+95.1%	$18K+199.6%	-$18K-1649.2%	-$1K+86.9%	-$8K+89.2%	-$74K+26.3%	-$100K-16.7%	-$86K
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	N/A	N/A	N/A	-$1+100.0%	-$24K+53.8%	-$52K-36.5%	-$38K+24.3%	-$50K
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

SPEV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-262.6%-243.1pp	-19.5%+144.7pp	-164.2%	N/A	N/A	N/A
Operating Margin	-1807.3%-1146.3pp	-661.1%+2085.8pp	-2746.8%+3333.9pp	-6080.7%	N/A	N/A
Net Margin	-2262.5%-1571.0pp	-691.5%+2456.1pp	-3147.6%+38320.2pp	-41467.8%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-688.4%-483.2pp	-205.2%+768.4pp	-973.6%+34355.7pp	-35329.3%-21572.8pp	-13756.5%
Current Ratio	N/A	0.08-0.5	0.61	N/A	N/A	N/A
Debt-to-Equity	N/A	-1.04+0.2	-1.25-0.1	-1.13-0.1	-1.000.0	-1.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-103.3%-24.0pp	-79.2%-155.4pp	76.1%+248.6pp	-172.5%-76.1pp	-96.4%-193.8pp	97.5%+326.9pp	-229.4%+67.3pp	-296.8%
Operating Margin	-1449.3%-203.7pp	-1245.6%-1259.4pp	13.8%+994.6pp	-980.7%-267.9pp	-712.9%-435.2pp	-277.6%+2468.1pp	-2745.7%+754.8pp	-3500.5%
Net Margin	-1652.0%-165.7pp	-1486.3%-1489.9pp	3.6%+1119.9pp	-1116.3%-616.4pp	-499.9%-151.3pp	-348.6%+2713.6pp	-3062.2%+577.2pp	-3639.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-186.2%-113.1pp	-73.0%-76.3pp	3.3%+216.2pp	-213.0%-107.3pp	-105.7%+22.3pp	-128.0%-71.9pp	-56.1%-22.6pp	-33.6%
Current Ratio	0.07-0.1	0.15-0.1	0.20+0.1	0.08-0.0	0.10-0.0	0.15-0.2	0.40-0.2	0.61
Debt-to-Equity	-1.04+0.0	-1.08+0.0	-1.11-0.1	-1.040.0	-1.05+0.0	-1.06+0.1	-1.13+0.1	-1.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is United States Basketball League Inc's annual revenue?

United States Basketball League Inc (SPEV) reported $15K in total revenue for fiscal year 2025. This represents a -77.1% 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 United States Basketball League Inc's revenue growing?

United States Basketball League Inc (SPEV) revenue declined by 77.1% year-over-year, from $65K to $15K in fiscal year 2025.

Is United States Basketball League Inc profitable?

No, United States Basketball League Inc (SPEV) reported a net income of -$337K in fiscal year 2025, with a net profit margin of -2262.5%.

What is United States Basketball League Inc's gross margin?

United States Basketball League Inc (SPEV) had a gross margin of -262.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is United States Basketball League Inc's operating margin?

United States Basketball League Inc (SPEV) had an operating margin of -1807.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is United States Basketball League Inc's net profit margin?

United States Basketball League Inc (SPEV) had a net profit margin of -2262.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is United States Basketball League Inc's operating cash flow?

United States Basketball League Inc (SPEV) generated -$3K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

How many shares does United States Basketball League Inc have outstanding?

United States Basketball League Inc (SPEV) had 52M shares outstanding as of fiscal year 2025.

Are United States Basketball League Inc's earnings high quality?

United States Basketball League Inc (SPEV) has an earnings quality ratio of 0.01x, 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 United States Basketball League Inc cover its interest payments?

United States Basketball League Inc (SPEV) has an interest coverage ratio of -4.0x, 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.