United States Basketball League Inc Financials
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).
Gross margin repair is narrowing cash burn, but the balance sheet still runs on liabilities rather than liquid assets.
Between FY2024 and FY2025, gross margin moved from-19.5% to58.9% . At the same time, operating cash burn shrank from-$154K to-$3K , suggesting the core sale stopped consuming cash and that the remaining losses sit higher in the cost structure.
FY2025 still shows severe liquidity strain: cash was
Positive unit economics did not yet translate into profit because
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 United States Basketball League Inc'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.
United States Basketball League Inc has an operating margin of -132.2%, meaning the company retains $-132 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.
United States Basketball League Inc's revenue surged 212.7% year-over-year to $204K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
United States Basketball League Inc's current ratio of 0.05 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
United States Basketball League Inc passes 3 of 9 financial strength tests. 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
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.
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
Earnings & Revenue
United States Basketball League Inc generated $204K in revenue in fiscal year 2025. This represents an increase of 212.7% from the prior year.
United States Basketball League Inc reported -$337K in net income in fiscal year 2025.
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
United States Basketball League Inc held $0 in cash against $0 in long-term debt as of fiscal year 2025.
United States Basketball League Inc had 49M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Margins & Returns
United States Basketball League Inc's gross margin was 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 78.5 percentage points from the prior year.
United States Basketball League Inc's operating margin was -132.2% in fiscal year 2025, reflecting core business profitability.
United States Basketball League Inc's net profit margin was -165.5% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
SPEV Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2K-90.4% | $24K+182.0% | $8K+17.2% | $7K-95.7% | $165K+1219.4% | $12K-19.2% | $15K-53.7% | $33K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $29K+31.0% | $22K |
| Gross Profit | -$12K-233.7% | $9K+204.0% | -$9K-52.7% | -$6K-104.5% | $125K+682.3% | -$22K-44.6% | -$15K-145.8% | $33K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $37K+37.9% | $27K-28.2% | $38K+154.1% | $15K-42.3% | $26K-19.5% | $32K+165.0% | $12K-64.8% | $34K |
| Operating Income | -$120K-45.2% | -$82K+31.9% | -$121K-36.3% | -$89K-490.2% | $23K | N/A | -$110K-18.8% | -$93K |
| Interest Expense | $20K+18.9% | $17K0.0% | $17K-1.3% | $17K+1.8% | $17K-0.4% | $17K-1.1% | $17K-27.7% | $24K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$140K-40.7% | -$99K+28.0% | -$138K-30.2% | -$106K-1896.9% | $6K | N/A | -$77K+33.6% | -$116K |
| EPS (Diluted) | $0.00 | N/A | $0.00 | $0.00-100.0% | $0.01 | N/A | $0.00 | $0.00 |
SPEV Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $75K+37.5% | $55K-26.3% | $74K-48.9% | $145K-20.1% | $182K+177.5% | $65K-10.4% | $73K-19.6% | $91K |
| Current Assets | $59K+10.2% | $54K-26.7% | $73K-49.3% | $144K-20.2% | $181K+180.2% | $64K-10.6% | $72K-19.8% | $90K |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $39K+4.8% | $37K+102.9% | $18K-3.6% | $19K0.0% | $19K-57.5% | $45K+29.5% | $35K+89.6% | $18K |
| Accounts Receivable | $866-12.0% | $984+16.7% | $843-99.2% | $102K-37.0% | $162K | $0-100.0% | $15K+2.9% | $14K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.1M+4.1% | $2.1M+4.0% | $2.0M+3.5% | $1.9M+3.8% | $1.8M+5.5% | $1.7M+8.2% | $1.6M+3.8% | $1.6M |
| Current Liabilities | $1.2M+7.4% | $1.1M+7.6% | $1.1M+6.8% | $987K+7.6% | $918K+11.7% | $822K+19.1% | $690K+13.7% | $607K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.1M-3.2% | -$2.0M-5.2% | -$1.9M-7.8% | -$1.8M-6.4% | -$1.7M+1.2% | -$1.7M-9.1% | -$1.5M-5.3% | -$1.5M |
| Retained Earnings | -$3.4M-4.3% | -$3.3M-3.1% | -$3.2M-4.5% | -$3.0M-3.6% | -$2.9M+0.2% | -$2.9M-5.0% | -$2.8M-2.8% | -$2.7M |
SPEV Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$56K-46.0% | -$39K-208.1% | $36K+95.1% | $18K+199.6% | -$18K-1649.2% | -$1K+86.9% | -$8K+89.2% | -$74K |
| 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 | $60K | N/A | N/A | N/A | N/A | -$1+100.0% | -$24K+53.8% | -$52K |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -530.0%-568.0pp | 38.1%+141.3pp | -103.3%-24.0pp | -79.2%-155.4pp | 76.1%+248.6pp | -172.5%-76.1pp | -96.4%-193.8pp | 97.5% |
| Operating Margin | -5289.8%-4939.8pp | -350.0%+1099.3pp | -1449.3%-203.7pp | -1245.6%-1259.4pp | 13.8% | N/A | -712.9%-435.2pp | -277.6% |
| Net Margin | -6179.4%-5757.6pp | -421.9%+1230.1pp | -1652.0%-165.7pp | -1486.3%-1489.9pp | 3.6% | N/A | -499.9%-151.3pp | -348.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -186.2%-4.2pp | -182.0%+4.2pp | -186.2%-113.1pp | -73.0%-76.3pp | 3.3% | N/A | -105.7%+22.3pp | -128.0% |
| Current Ratio | 0.050.0 | 0.05-0.0 | 0.07-0.1 | 0.15-0.1 | 0.20+0.1 | 0.08-0.0 | 0.10-0.0 | 0.15 |
| Debt-to-Equity | -1.040.0 | -1.03+0.0 | -1.04+0.0 | -1.08+0.0 | -1.11-0.1 | -1.040.0 | -1.05+0.0 | -1.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.0M), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is United States Basketball League Inc's annual revenue?
United States Basketball League Inc (SPEV) reported $204K in total revenue for fiscal year 2025. This represents a 212.7% 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 United States Basketball League Inc's revenue growing?
United States Basketball League Inc (SPEV) revenue grew by 212.7% year-over-year, from $65K to $204K 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 -165.5%.
What is United States Basketball League Inc's gross margin?
United States Basketball League Inc (SPEV) had a gross margin of 59.0% 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 -132.2% 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 -165.5% 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.
What are United States Basketball League Inc's total assets?
United States Basketball League Inc (SPEV) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What is United States Basketball League Inc's current ratio?
United States Basketball League Inc (SPEV) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is United States Basketball League Inc's debt-to-equity ratio?
United States Basketball League Inc (SPEV) had a debt-to-equity ratio of -1.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is United States Basketball League Inc's return on assets (ROA)?
United States Basketball League Inc (SPEV) had a return on assets of -617.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is United States Basketball League Inc's cash runway?
Based on fiscal year 2025 data, United States Basketball League Inc (SPEV) had $0 in cash against an annual operating cash burn of $3K. 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 United States Basketball League Inc's debt-to-equity ratio negative or unusual?
United States Basketball League Inc (SPEV) has negative shareholder equity of -$2.0M 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 United States Basketball League Inc's Piotroski F-Score?
United States Basketball League Inc (SPEV) has a Piotroski F-Score of 3 out of 9, indicating weak 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 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.
How financially healthy is United States Basketball League Inc?
United States Basketball League Inc (SPEV) scores 17 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.