Spindletop Oil & Financials

SPND

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Spindletop Oil & (SPND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Financial Profile 24/100

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

Profitability

Spindletop Oil & has an operating margin of -41.7%, meaning the company retains $-42 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 -19.4% the prior year.

Growth

Spindletop Oil &'s revenue declined 16.7% year-over-year, from $5.1M to $4.3M. This contraction results in a growth score of 6/100.

Leverage

Spindletop Oil & carries a low D/E ratio of 0.67, meaning only $0.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Spindletop Oil &'s current ratio of 1.29 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Returns

Spindletop Oil & generates a -3.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is down from 0.0% the prior year.

Piotroski F-Score Weak

3/9

Spindletop Oil & passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-0.36x

For every $1 of reported earnings, Spindletop Oil & generates $-0.36 in operating cash flow ($224K OCF vs -$629K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.3M

YoY-16.7%

5Y CAGR-5.3%

10Y CAGR-10.7%

Spindletop Oil & generated $4.3M in revenue in fiscal year 2024. This represents a decrease of 16.7% from the prior year.

EBITDA

-$1.4M

YoY-86.7%

Spindletop Oil &'s EBITDA was -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 86.7% from the prior year.

Net Income

-$629K

YoY-9085.7%

Spindletop Oil & reported -$629K in net income in fiscal year 2024. This represents a decrease of 9085.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$6.5M

YoY-5.8%

5Y CAGR-15.7%

10Y CAGR-7.6%

Spindletop Oil & held $6.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

5Y CAGR-0.2%

10Y CAGR-0.3%

Spindletop Oil & had 7M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-41.7%

YoY-22.4pp

Spindletop Oil &'s operating margin was -41.7% in fiscal year 2024, reflecting core business profitability. This is down 22.4 percentage points from the prior year.

Net Margin

-14.8%

YoY-14.9pp

5Y CAGR-3.2pp

10Y CAGR-39.0pp

Spindletop Oil &'s net profit margin was -14.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 14.9 percentage points from the prior year.

Return on Equity

-3.8%

YoY-3.8pp

5Y CAGR+0.1pp

10Y CAGR-17.0pp

Spindletop Oil &'s ROE was -3.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SPND Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.3M-16.7%	$5.1M-38.9%	$8.4M+37.7%	$6.1M+70.4%	$3.6M-36.3%	$5.6M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.9M-0.9%	$3.0M-5.0%	$3.1M+16.4%	$2.7M+1.7%	$2.6M-11.0%	$3.0M
Operating Income	-$1.8M-79.7%	-$988K-2252.4%	-$42K-110.4%	$403K+121.7%	-$1.9M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$189K-45.4%	-$130K-113.5%	$962K+1273.2%	-$82K+75.9%	-$340K-230.1%	-$103K
Net Income	-$629K-9085.7%	$7K-99.0%	$669K-35.5%	$1.0M+216.0%	-$894K-38.4%	-$646K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$958K-7.9%	$1.0M-13.0%	$1.2M-2.8%	$1.2M+38.5%	$888K-20.4%	$1.1M+9.3%	$1.0M-15.6%	$1.2M
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$548K-20.8%	$692K-4.0%	$721K-40.9%	$1.2M+152.1%	$484K-16.0%	$576K-13.3%	$664K-45.3%	$1.2M
Operating Income	-$290K-8.2%	-$268K-553.7%	-$41K+95.9%	-$991K-413.5%	-$193K+56.6%	-$445K-204.8%	-$146K+85.0%	-$971K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$291K-2178.6%	$14K-17.6%	$17K+140.5%	-$42K+52.3%	-$88K-41.9%	-$62K-2166.7%	$3K+102.1%	-$145K
Net Income	$209K+398.6%	-$70K-146.7%	$150K+121.0%	-$713K-588.4%	$146K+204.3%	-$140K-279.5%	$78K+113.0%	-$598K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPND Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$27.6M-2.0%	$28.1M+1.2%	$27.8M+6.6%	$26.1M+15.1%	$22.7M-5.1%	$23.9M
Current Assets	$8.6M-7.5%	$9.3M-44.2%	$16.7M+14.4%	$14.6M+36.9%	$10.7M-44.7%	$19.3M
Cash & Equivalents	$6.5M-5.8%	$6.9M-49.5%	$13.6M+27.4%	$10.7M+42.7%	$7.5M-50.9%	$15.2M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$11.0M+0.5%	$11.0M+3.4%	$10.6M+11.2%	$9.5M+33.3%	$7.1M-3.6%	$7.4M
Current Liabilities	$6.7M+2.4%	$6.5M-4.6%	$6.9M-9.8%	$7.6M+33.0%	$5.7M-4.8%	$6.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$16.6M-3.7%	$17.2M-0.1%	$17.2M+3.9%	$16.6M+6.7%	$15.5M-5.8%	$16.5M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$28.2M+4.0%	$27.1M-3.4%	$28.1M+1.8%	$27.6M-1.9%	$28.1M+0.5%	$28.0M-0.9%	$28.2M+0.4%	$28.1M
Current Assets	$7.1M-21.8%	$9.1M-9.5%	$10.0M+16.1%	$8.6M-9.9%	$9.6M+0.7%	$9.5M-1.7%	$9.7M+3.8%	$9.3M
Cash & Equivalents	$5.0M-30.9%	$7.2M-5.6%	$7.6M+17.3%	$6.5M-12.8%	$7.4M+0.9%	$7.4M+1.3%	$7.3M+5.8%	$6.9M
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	$11.7M+8.2%	$10.8M-4.8%	$11.3M+3.1%	$11.0M+1.6%	$10.8M-0.1%	$10.9M-1.1%	$11.0M+0.2%	$11.0M
Current Liabilities	$7.4M+13.7%	$6.5M-7.8%	$7.0M+5.0%	$6.7M+2.6%	$6.5M-0.2%	$6.5M-1.8%	$6.7M+1.9%	$6.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$16.5M+1.3%	$16.3M-2.5%	$16.7M+0.9%	$16.6M-4.1%	$17.3M+0.9%	$17.1M-0.8%	$17.3M+0.5%	$17.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPND Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$224K-73.7%	$853K-46.7%	$1.6M-34.5%	$2.4M+420.8%	-$761K-229.4%	-$231K
Capital Expenditures	N/A	$83K+1.2%	$82K+8100.0%	$1K	N/A	$19K
Free Cash Flow	N/A	$770K-49.3%	$1.5M-37.8%	$2.4M	N/A	-$250K
Investing Cash Flow	-$620K+91.8%	-$7.6M-709.5%	$1.2M+192.2%	$424K+105.4%	-$7.8M-521.5%	$1.9M
Financing Cash Flow	N/A	-$30K-100.0%	-$15K-103.7%	$403K+20.3%	$335K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$68K	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$718K+987.9%	$66K-75.7%	$272K+186.9%	-$313K-372.2%	$115K+180.5%	$41K-89.2%	$381K+644.3%	-$70K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$1K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$71K
Investing Cash Flow	-$2.9M-1964.8%	-$142K-116.7%	$849K+233.1%	-$638K-1151.0%	-$51K-196.2%	$53K+231.3%	$16K+114.2%	-$113K
Financing Cash Flow	$0	N/A	N/A	N/A	N/A	N/A	N/A	$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

SPND Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-41.7%-22.4pp	-19.4%-18.9pp	-0.5%-7.1pp	6.6%+58.7pp	-52.0%	N/A
Net Margin	-14.8%-14.9pp	0.1%-7.9pp	8.0%-9.1pp	17.1%+42.2pp	-25.1%-13.6pp	-11.6%
Return on Equity	-3.8%-3.8pp	0.0%-3.9pp	3.9%-2.4pp	6.3%+12.0pp	-5.8%-1.8pp	-3.9%
Return on Assets	-2.3%-2.3pp	0.0%-2.4pp	2.4%-1.6pp	4.0%+7.9pp	-3.9%-1.2pp	-2.7%
Current Ratio	1.29-0.1	1.42-1.0	2.43+0.5	1.92+0.1	1.87-1.3	3.21
Debt-to-Equity	0.67+0.0	0.64+0.0	0.62+0.0	0.58+0.1	0.46+0.0	0.45
FCF Margin	N/A	15.1%-3.1pp	18.2%-22.0pp	40.2%	N/A	-4.5%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-30.3%-4.5pp	-25.8%-22.3pp	-3.4%+77.1pp	-80.6%-58.8pp	-21.7%+18.1pp	-39.9%-25.6pp	-14.3%+66.0pp	-80.3%
Net Margin	21.8%+28.5pp	-6.7%-19.3pp	12.6%+70.5pp	-58.0%-74.4pp	16.4%+29.0pp	-12.5%-20.2pp	7.6%+57.1pp	-49.4%
Return on Equity	1.3%+1.7pp	-0.4%-1.3pp	0.9%+5.2pp	-4.3%-5.2pp	0.9%+1.7pp	-0.8%-1.3pp	0.4%+3.9pp	-3.5%
Return on Assets	0.7%+1.0pp	-0.3%-0.8pp	0.5%+3.1pp	-2.6%-3.1pp	0.5%+1.0pp	-0.5%-0.8pp	0.3%+2.4pp	-2.1%
Current Ratio	0.96-0.4	1.40-0.0	1.42+0.1	1.29-0.2	1.47+0.0	1.450.0	1.45+0.0	1.42
Debt-to-Equity	0.71+0.0	0.66-0.0	0.68+0.0	0.67+0.0	0.630.0	0.630.0	0.640.0	0.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-5.9%

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Frequently Asked Questions

What is Spindletop Oil &'s annual revenue?

Spindletop Oil & (SPND) reported $4.3M in total revenue for fiscal year 2024. This represents a -16.7% 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 Spindletop Oil &'s revenue growing?

Spindletop Oil & (SPND) revenue declined by 16.7% year-over-year, from $5.1M to $4.3M in fiscal year 2024.

Is Spindletop Oil & profitable?

No, Spindletop Oil & (SPND) reported a net income of -$629K in fiscal year 2024, with a net profit margin of -14.8%.

What is Spindletop Oil &'s EBITDA?

Spindletop Oil & (SPND) had EBITDA of -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Spindletop Oil &'s operating margin?

Spindletop Oil & (SPND) had an operating margin of -41.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Spindletop Oil &'s net profit margin?

Spindletop Oil & (SPND) had a net profit margin of -14.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Spindletop Oil &'s return on equity (ROE)?

Spindletop Oil & (SPND) has a return on equity of -3.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Spindletop Oil &'s operating cash flow?

Spindletop Oil & (SPND) generated $224K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Spindletop Oil &'s total assets?

Spindletop Oil & (SPND) had $27.6M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Spindletop Oil & have outstanding?

Spindletop Oil & (SPND) had 7M shares outstanding as of fiscal year 2024.

What is Spindletop Oil &'s current ratio?

Spindletop Oil & (SPND) had a current ratio of 1.29 as of fiscal year 2024, which is considered adequate.

What is Spindletop Oil &'s debt-to-equity ratio?

Spindletop Oil & (SPND) had a debt-to-equity ratio of 0.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Spindletop Oil &'s return on assets (ROA)?

Spindletop Oil & (SPND) had a return on assets of -2.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Spindletop Oil &'s Piotroski F-Score?

Spindletop Oil & (SPND) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Spindletop Oil &'s earnings high quality?

Spindletop Oil & (SPND) has an earnings quality ratio of -0.36x, considered mixed quality. 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.

How financially healthy is Spindletop Oil &?

Spindletop Oil & (SPND) scores 24 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.