Seqll Inc Financials

SQLLW

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

Financial Health Signals

Financial Profile 19/100

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

Profitability

Seqll Inc has an operating margin of -4.9%, meaning the company retains $-5 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 -0.9% the prior year.

Growth

Seqll Inc's revenue grew 10.3% year-over-year to $442.6M, a solid pace of expansion. This earns a growth score of 58/100.

Liquidity

Seqll Inc's current ratio of 0.90 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow

While Seqll Inc generated -$6.0M in operating cash flow, capex of $73K consumed most of it, leaving -$6.1M 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 Weak

3/9

Seqll Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.04x

For every $1 of reported earnings, Seqll Inc generates $0.04 in operating cash flow (-$6.0M OCF vs -$135.5M 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

-1.8x

Seqll Inc earns $-1.8 in operating income for every $1 of interest expense (-$21.8M vs $12.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Seqll Inc (SQLLW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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

$442.6M

YoY+10.3%

Seqll Inc generated $442.6M in revenue in fiscal year 2024. This represents an increase of 10.3% from the prior year.

EBITDA

-$16.8M

YoY-1161.5%

Seqll Inc's EBITDA was -$16.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1161.5% from the prior year.

Free Cash Flow

-$6.1M

YoY+33.8%

Seqll Inc generated -$6.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 33.8% from the prior year.

Net Income

-$135.5M

YoY-788.3%

Seqll Inc reported -$135.5M in net income in fiscal year 2024. This represents a decrease of 788.3% from the prior year.

EPS (Diluted)

$-3.68

Seqll Inc earned $-3.68 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 513.3% from the prior year.

Cash & Debt

$679K

YoY-49.8%

Seqll Inc held $679K in cash against $36.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

53M

Seqll Inc had 53M shares outstanding in fiscal year 2024. This represents an increase of 13858.0% from the prior year.

Gross Margin

10.7%

YoY-1.0pp

Seqll Inc's gross margin was 10.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.

Operating Margin

-4.9%

YoY-4.1pp

Seqll Inc's operating margin was -4.9% in fiscal year 2024, reflecting core business profitability. This is down 4.1 percentage points from the prior year.

Net Margin

-30.6%

YoY-26.8pp

Seqll Inc's net profit margin was -30.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 26.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$73K

YoY-0.3%

Seqll Inc invested $73K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 0.3% from the prior year.

SQLLW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$442.6M+10.3%	$401.4M+510171.8%	$79K-62.5%	$210K-36.3%	$329K
Cost of Revenue	$395.4M+11.5%	$354.5M+51376195.8%	$690-98.8%	$58K-66.2%	$171K
Gross Profit	$47.2M+0.6%	$46.9M+60024.2%	$78K-48.8%	$152K-4.0%	$159K
R&D Expenses	N/A	$2.3M+43.7%	$1.6M+195.9%	$530K+60.2%	$331K
SG&A Expenses	$64.0M+40.9%	$45.4M+1712.7%	$2.5M+15.5%	$2.2M+179.2%	$777K
Operating Income	-$21.8M-532.6%	-$3.5M+13.7%	-$4.0M-56.8%	-$2.5M-168.4%	-$950K
Interest Expense	$12.0M-31.6%	$17.5M+19226.9%	$91K-56.4%	$208K-27.5%	$287K
Income Tax	$5.4M+190.7%	-$5.9M	N/A	N/A	N/A
Net Income	-$135.5M-788.3%	-$15.3M-272.5%	-$4.1M-10.6%	-$3.7M-254.3%	-$1.0M
EPS (Diluted)	$-3.68	$-0.60+95.2%	$-12.38	$-0.51	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$110.1M+7.0%	$102.9M+0.1%	$102.8M-20.6%	$129.5M+23.8%	$104.6M+4.0%	$100.6M	N/A	$97.8M
Cost of Revenue	$97.7M+6.8%	$91.5M-0.2%	$91.6M-21.2%	$116.2M+24.8%	$93.1M+3.3%	$90.2M	N/A	$86.2M
Gross Profit	$12.4M+8.6%	$11.4M+2.1%	$11.2M-16.1%	$13.3M+16.1%	$11.5M+9.8%	$10.5M	N/A	$11.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$316K	N/A	$411K
SG&A Expenses	$19.9M+5.4%	$18.9M-2.7%	$19.4M+7.9%	$18.0M-3.1%	$18.6M+79.4%	$10.3M	N/A	$10.4M
Operating Income	-$8.7M-0.4%	-$8.7M+8.1%	-$9.4M-60.8%	-$5.9M+29.3%	-$8.3M-632.2%	-$1.1M	N/A	-$381K
Interest Expense	$2.1M+3.5%	$2.0M+57.5%	$1.3M-14.9%	$1.5M-62.2%	$4.0M-20.4%	$5.0M	N/A	$22K
Income Tax	$9K-4.9%	$10K0.0%	$10K-100.0%	$25.1M+245.8%	-$17.2M-1234.4%	-$1.3M	N/A	-$1.3M
Net Income	-$10.8M-1.0%	-$10.7M+0.2%	-$10.7M+84.3%	-$68.7M-25.0%	-$54.9M-1028.3%	-$4.9M	N/A	-$3.9M
EPS (Diluted)	$-0.200.0%	$-0.200.0%	$-0.20+85.4%	$-1.37+30.1%	$-1.96	$-0.19	N/A	$-0.15

SQLLW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$119.8M-5.5%	$126.7M+1405.4%	$8.4M-21.7%	$10.7M+1447.5%	$694K
Current Assets	$85.0M+7.9%	$78.8M+1087.5%	$6.6M-36.3%	$10.4M+2943.3%	$343K
Cash & Equivalents	$679K-49.8%	$1.4M-38.0%	$2.2M-45.7%	$4.0M	N/A
Inventory	N/A	N/A	$166K-26.0%	$224K+10.4%	$203K
Accounts Receivable	$64.1M+8.9%	$58.8M+277164.2%	$21K-30.9%	$31K0.0%	$31K
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$131.8M-20.6%	$166.0M+364.8%	$35.7M+1296.4%	$2.6M-43.8%	$4.5M
Current Liabilities	$94.2M-41.7%	$161.6M+13056.6%	$1.2M-52.0%	$2.6M+152.9%	$1.0M
Long-Term Debt	$36.7M	$0	N/A	N/A	N/A
Total Equity	-$12.0M+69.5%	-$39.4M-44.1%	-$27.3M-433.7%	$8.2M+312.3%	-$3.9M
Retained Earnings	-$135.5M-119.2%	-$61.8M-233.9%	-$18.5M-28.4%	-$14.4M-34.6%	-$10.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$110.3M+3.3%	$106.8M+0.3%	$106.5M-11.1%	$119.8M-10.8%	$134.2M+3899.7%	$3.4M-97.4%	$126.7M+2199.8%	$5.5M
Current Assets	$71.7M+5.3%	$68.1M-6.3%	$72.7M-14.5%	$85.0M+17.0%	$72.7M+4112.2%	$1.7M-97.8%	$78.8M+2012.6%	$3.7M
Cash & Equivalents	$83K-77.7%	$375K-74.4%	$1.5M+116.0%	$679K+54.4%	$439K-74.0%	$1.7M+24.8%	$1.4M-63.7%	$3.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$47.5M+1.6%	$46.7M+1.3%	$46.1M-28.0%	$64.1M+27.0%	$50.4M+1852225.2%	$3K-100.0%	$58.8M+2159974.6%	$3K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$132.3M+5.7%	$125.2M+3.9%	$120.5M-8.5%	$131.8M+18.5%	$111.2M+926.2%	-$13.5M-108.1%	$166.0M+344.2%	$37.4M
Current Liabilities	$58.2M+12.0%	$52.0M-55.8%	$117.4M+24.6%	$94.2M+37.7%	$68.4M+2584.7%	$2.5M-98.4%	$161.6M+15826.4%	$1.0M
Long-Term Debt	$73.1M+1.4%	$72.0M+3594.6%	$1.9M-94.7%	$36.7M-11.6%	$41.5M	N/A	$0-100.0%	$97K
Total Equity	-$22.1M-19.5%	-$18.5M-31.6%	-$14.0M-16.8%	-$12.0M-152.3%	$23.0M+36.7%	$16.8M+142.7%	-$39.4M-23.5%	-$31.9M
Retained Earnings	-$167.8M-6.9%	-$156.9M-7.3%	-$146.2M-7.9%	-$135.5M-126.6%	-$59.8M-136.9%	-$25.2M+59.2%	-$61.8M-169.9%	-$22.9M

SQLLW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.0M+34.1%	-$9.1M-148.0%	-$3.7M-84.1%	-$2.0M-162.5%	-$758K
Capital Expenditures	$73K-0.3%	$74K+84.2%	$40K+176.6%	$14K	N/A
Free Cash Flow	-$6.1M+33.8%	-$9.2M-147.3%	-$3.7M-84.7%	-$2.0M	N/A
Investing Cash Flow	-$73K+0.3%	-$74K-104.0%	$1.8M+130.5%	-$6.0M	N/A
Financing Cash Flow	$5.4M-38.8%	$8.8M	N/A	$12.0M+1495.1%	$752K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$1.3M+86.8%	-$9.5M-165.4%	$14.6M+3517.3%	-$426K+97.2%	-$15.5M-237.5%	$11.2M+196.0%	-$11.7M-78.9%	-$6.5M
Capital Expenditures	$14K-19.9%	$18K+49.0%	$12K-47.7%	$23K+11.6%	$21K+41.4%	$15K+662.2%	-$3K-112.5%	$21K
Free Cash Flow	-$1.3M+86.7%	-$9.5M-165.6%	$14.6M+3339.1%	-$449K+97.1%	-$15.5M-237.9%	$11.2M+195.8%	-$11.7M-78.4%	-$6.6M
Investing Cash Flow	-$14K+19.9%	-$18K-49.0%	-$12K+47.7%	-$23K-11.6%	-$21K-41.4%	-$15K-662.2%	$3K+112.5%	-$21K
Financing Cash Flow	$978K-88.4%	$8.5M+161.4%	-$13.8M-5005.7%	-$270K-101.8%	$14.9M+228.8%	-$11.6M-197.7%	$11.9M+65.8%	$7.2M
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

SQLLW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	10.7%-1.0pp	11.7%-87.4pp	99.1%+26.6pp	72.5%+24.4pp	48.2%
Operating Margin	-4.9%-4.1pp	-0.9%+5080.8pp	-5081.6%-3868.0pp	-1213.7%-925.4pp	-288.2%
Net Margin	-30.6%-26.8pp	-3.8%+5202.0pp	-5205.8%-3442.2pp	-1763.6%-1446.4pp	-317.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-113.1%-101.1pp	-12.0%+36.6pp	-48.7%-14.2pp	-34.5%+116.1pp	-150.6%
Current Ratio	0.90+0.4	0.49-4.9	5.40+1.3	4.08+3.7	0.34
Debt-to-Equity	-3.05-3.1	0.00+1.3	-1.31-1.6	0.31+1.5	-1.18
FCF Margin	-1.4%+0.9pp	-2.3%+4704.9pp	-4707.1%-3752.7pp	-954.5%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	11.3%+0.2pp	11.1%+0.2pp	10.9%+0.6pp	10.3%-0.7pp	11.0%+0.6pp	10.4%	N/A	11.9%
Operating Margin	-7.9%+0.5pp	-8.4%+0.7pp	-9.2%-4.6pp	-4.5%+3.4pp	-7.9%-6.8pp	-1.1%	N/A	-0.4%
Net Margin	-9.8%+0.6pp	-10.4%+0.0pp	-10.4%+42.5pp	-53.0%-0.5pp	-52.5%-47.6pp	-4.8%	N/A	-4.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-9.8%+0.2pp	-10.0%+0.1pp	-10.1%+47.2pp	-57.3%-16.4pp	-40.9%+104.2pp	-145.1%	N/A	-71.2%
Current Ratio	1.23-0.1	1.31+0.7	0.62-0.3	0.90-0.2	1.06+0.4	0.68+0.2	0.49-3.2	3.68
Debt-to-Equity	-3.31+0.6	-3.90-3.8	-0.14+2.9	-3.05-4.9	1.81+2.6	-0.80-0.8	0.00+1.2	-1.17
FCF Margin	-1.1%+8.1pp	-9.3%-23.4pp	14.2%+14.5pp	-0.4%+14.4pp	-14.8%-25.9pp	11.2%	N/A	-6.7%

Note: Shareholder equity is negative (-$12.0M), 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 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Seqll Inc's annual revenue?

Seqll Inc (SQLLW) reported $442.6M in total revenue for fiscal year 2024. This represents a 10.3% 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 Seqll Inc's revenue growing?

Seqll Inc (SQLLW) revenue grew by 10.3% year-over-year, from $401.4M to $442.6M in fiscal year 2024.

Is Seqll Inc profitable?

No, Seqll Inc (SQLLW) reported a net income of -$135.5M in fiscal year 2024, with a net profit margin of -30.6%.

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

Seqll Inc (SQLLW) reported diluted earnings per share of $-3.68 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 Seqll Inc's EBITDA?

Seqll Inc (SQLLW) had EBITDA of -$16.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Seqll Inc have?

As of fiscal year 2024, Seqll Inc (SQLLW) had $679K in cash and equivalents against $36.7M in long-term debt.

What is Seqll Inc's gross margin?

Seqll Inc (SQLLW) had a gross margin of 10.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Seqll Inc's operating margin?

Seqll Inc (SQLLW) had an operating margin of -4.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Seqll Inc's net profit margin?

Seqll Inc (SQLLW) had a net profit margin of -30.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Seqll Inc's free cash flow?

Seqll Inc (SQLLW) generated -$6.1M in free cash flow during fiscal year 2024. This represents a 33.8% 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 Seqll Inc's operating cash flow?

Seqll Inc (SQLLW) generated -$6.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Seqll Inc's total assets?

Seqll Inc (SQLLW) had $119.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Seqll Inc's capital expenditures?

Seqll Inc (SQLLW) invested $73K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Seqll Inc have outstanding?

Seqll Inc (SQLLW) had 53M shares outstanding as of fiscal year 2024.

What is Seqll Inc's current ratio?

Seqll Inc (SQLLW) had a current ratio of 0.90 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

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

Seqll Inc (SQLLW) had a debt-to-equity ratio of -3.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Seqll Inc (SQLLW) had a return on assets of -113.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Seqll Inc's cash runway?

Based on fiscal year 2024 data, Seqll Inc (SQLLW) had $679K in cash against an annual operating cash burn of $6.0M. 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 Seqll Inc's debt-to-equity ratio negative or unusual?

Seqll Inc (SQLLW) has negative shareholder equity of -$12.0M 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 Seqll Inc's Piotroski F-Score?

Seqll Inc (SQLLW) 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 Seqll Inc's earnings high quality?

Seqll Inc (SQLLW) has an earnings quality ratio of 0.04x, 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 Seqll Inc cover its interest payments?

Seqll Inc (SQLLW) has an interest coverage ratio of -1.8x, 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 Seqll Inc?

Seqll Inc (SQLLW) scores 19 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.