SRX GLOBAL INC Financials
SRX GLOBAL INC (SRXH) reported $6.5M in revenue for fiscal year 2025, down 81.3% from the prior fiscal year. This page shows its 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).
Overhead-heavy operations overwhelmed a shrinking sales base, leaving external financing to bridge cash needs in FY2025.
FY2024's near-breakeven net loss masked a business that still burned$4.4M of operating cash; FY2025 then exposed the same mismatch when revenue fell to$6.5M and overhead stayed far above gross profit. The balance-sheet reset removed long-term debt, but financing inflows of$12.2M still had to offset operating cash flow of-$8.1M , so the company was not being funded by its own sales.
The current ratio of 2.3x looks comfortable, but cash was only
Margin improvement without scale appeared in FY2024, when gross margin reached
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of SRX GLOBAL 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.
Not available for SRX GLOBAL INC, and counted as zero in the overall score.
Not available for SRX GLOBAL INC, and counted as zero in the overall score.
SRX GLOBAL INC scores -4.92, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($25.9M) relative to total liabilities ($8.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
SRX GLOBAL INC passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
SRX GLOBAL INC reported an operating loss of $11.4M against $628K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
SRX GLOBAL INC generated $6.5M in revenue in fiscal year 2025. This represents a decrease of 81.3% from the prior year.
SRX GLOBAL INC's EBITDA was -$11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 94.9% from the prior year.
SRX GLOBAL INC earned -$2.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2030.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
SRX GLOBAL INC held $1.3M in cash against $0 in long-term debt as of fiscal year 2025, with $3.5M of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
SRX GLOBAL INC's gross margin was 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 13.8 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
SRX GLOBAL INC spent $137K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 33.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SRXH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $6.5M-81.3% | $35.0M-9.4% | $38.6M-29.4% | $54.7M+18.8% | $46.0M+8.0% | $42.6M+173.4% | $15.6M | N/A | $2K+3512.5% | $48 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | N/A | $5.0M-77.2% | $22.0M-17.9% | $26.8M-32.0% | $39.4M+28.6% | $30.6M+15.7% | $26.5M+172.6% | $9.7M | N/A | $334+6580.0% | $5 | $0 | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | $1.5M-88.3% | $13.0M+10.1% | $11.8M-22.7% | $15.3M-0.7% | $15.4M-4.6% | $16.1M+174.8% | $5.9M | N/A | $1K+3155.8% | $43 | $0 | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | $100K0.0% | $100K-80.0% | $500K0.0% | $500K+400.0% | $100K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $12.9M-31.8% | $19.0M-22.5% | $24.4M-31.0% | $35.4M+24.3% | $28.5M-17.3% | $34.5M+74.3% | $19.8M | N/A | N/A | N/A | $7K-3.6% | $7K+23.2% | $6K+181.8% | $2K-83.4% | $13K |
| Operating Income | N/A | -$11.4M-91.2% | -$6.0M+71.8% | -$21.2M+45.4% | -$38.8M-124.5% | -$17.3M+36.8% | -$27.3M+24.8% | -$36.3M | N/A | N/A | N/A | N/A | N/A | -$22K-67.1% | -$13K+66.3% | -$39K |
| Interest Expense | N/A | $628K+34.5% | $467K-65.5% | $1.4M+145.6% | $551K+117.1% | -$3.2M-135.0% | $9.2M+1214.3% | $700K+31.4% | $533K | N/A | N/A | N/A | N/A | N/A | $3K+66.6% | $2K |
| Income Tax | N/A | N/A | $9K+350.0% | $2K+111.1% | -$18K-148.6% | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | N/A | N/A | -$168K+99.3% | -$22.8M+42.1% | -$39.3M-1260.8% | $3.4M+105.7% | -$59.3M+67.8% | -$184.5M | N/A | N/A | N/A | N/A | N/A | N/A | -$16K+61.1% | -$41K |
| EPS (Diluted) | — | -$2.13-2030.0% | -$0.10 | -$32.29+45.2% | -$58.93 | $0.14 | -$7.26 | N/A | N/A | -$0.02-100.0% | -$0.01 | $0.00 | $0.00 | -$1.56 | -$0.26 | -$0.68 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SRXH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.4M-46.8% | $15.8M-5.6% | $16.7M-56.7% | $38.7M-48.2% | $74.7M+45.7% | $51.3M-4.3% | $53.5M+25504.1% | $209K+1180.8% | $16K-1.9% | $17K+659.8% | $2K-50.0% | $4K-48.9% | $9K-33.0% | $13K-24.7% | $17K |
| Current Assets | $8.1M-45.8% | $15.0M-7.6% | $16.2M-41.0% | $27.5M-37.3% | $43.9M+150.1% | $17.6M-0.1% | $17.6M+8307.9% | $209K+1180.8% | $16K-1.9% | $17K | $0 | $0 | $0-100.0% | $38+2.7% | $37 |
| Cash & Equivalents | $1.3M-57.3% | $3.1M-31.2% | $4.5M+40.4% | $3.2M-85.4% | $21.7M+453.5% | $3.9M+66.3% | $2.4M+1082.4% | $200K+13747.0% | $1K-85.9% | $10K | $0 | $0 | $0-100.0% | $38+2.7% | $37 |
| Inventory | $2.1M-46.3% | $3.9M-41.5% | $6.6M-35.5% | $10.3M+95.6% | $5.2M+7.7% | $4.9M-26.0% | $6.6M+69885.1% | $9K-36.8% | $15K+132.6% | $6K | $0 | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.9M-26.5% | $5.4M+23.4% | $4.4M-35.4% | $6.7M-0.7% | $6.8M+46.7% | $4.6M-20.5% | $5.8M | N/A | $0-100.0% | $45 | $0 | N/A | N/A | N/A | N/A |
| Goodwill | N/A | $405K | N/A | $0-100.0% | $18.6M0.0% | $18.6M0.0% | $18.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.0M-89.9% | $79.5M+477.6% | $13.8M-19.8% | $17.1M+2.2% | $16.8M-78.8% | $79.4M+58.6% | $50.0M+712.0% | $6.2M+413.8% | $1.2M+102.9% | $591K-75.4% | $2.4M+6334.1% | $37K-58.1% | $89K+30.2% | $69K+20.6% | $57K |
| Current Liabilities | $3.5M-50.4% | $7.1M-47.8% | $13.7M+145.4% | $5.6M-24.0% | $7.3M-86.5% | $54.6M+65.3% | $33.0M+1055.4% | $2.9M+138.4% | $1.2M+102.9% | $591K+887.2% | $60K+60.1% | $37K-58.1% | $89K+30.2% | $69K+20.6% | $57K |
| Long-Term Debt | $0-100.0% | $2.4M-47.8% | $4.6M-59.6% | $11.4M+21.6% | $9.4M-61.7% | $24.6M+50.2% | $16.4M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $407K+100.6% | -$63.7M-2260.6% | $2.9M-86.3% | $21.5M-62.8% | $57.9M+305.9% | -$28.1M-297.4% | -$7.1M-18.8% | -$6.0M-403.3% | -$1.2M-106.0% | -$574K+76.1% | -$2.4M-7180.9% | -$33K+59.1% | -$81K-44.6% | -$56K-39.8% | -$40K |
| Retained Earnings | -$22.9M+92.9% | -$321.5M-0.1% | -$321.3M-7.6% | -$298.6M-15.2% | -$259.3M+0.5% | -$260.6M-29.5% | -$201.3M-3421.7% | $6.1M+294.9% | -$3.1M-127.7% | -$1.4M-216.4% | -$431K-13.0% | -$382K | N/A | -$236K | N/A |
SRXH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$8.1M-86.9% | -$4.4M-4591.8% | $97K+100.5% | -$20.6M-73.3% | -$11.9M-58.0% | -$7.5M+64.2% | -$21.0M | N/A | -$40K | N/A | N/A | N/A | -$17K+3.1% | -$18K+3.5% | -$18K |
| Capital Expenditures | N/A | N/A | $41K+127.8% | $18K-90.9% | $198K-43.9% | $353K+133.8% | $151K+37.3% | $110K+254.8% | $31K | $0 | N/A | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | -$4.4M-5667.1% | $79K+100.4% | -$20.8M-69.9% | -$12.2M-59.5% | -$7.7M+63.7% | -$21.1M | N/A | -$40K | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | $5.9M+362.2% | -$2.3M-12411.1% | -$18K+90.9% | -$198K+43.9% | -$353K-133.8% | -$151K+99.3% | -$20.2M-65083.9% | -$31K | $0 | N/A | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $82.6M | $12.2M+133.2% | $5.2M+202.4% | -$5.1M-497.6% | $1.3M-96.6% | $37.2M+307.9% | $9.1M-77.1% | $39.8M | N/A | $31K | N/A | N/A | N/A | $17K-3.3% | $18K-3.4% | $18K |
| Share Buybacks | N/A | $137K-33.5% | $206K | N/A | $0-100.0% | $1.6M | $0 | N/A | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SRXH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.4%-13.8pp | 37.1%+6.6pp | 30.6%+2.7pp | 27.9%-5.5pp | 33.4%-4.4pp | 37.8%+0.2pp | 37.6% | N/A | 80.7%-8.8pp | 89.6% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -174.6% | -17.1%+37.8pp | -54.9%+16.1pp | -71.0%-33.4pp | -37.6%+26.6pp | -64.1% | -233.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | -0.5%+58.5pp | -59.0%+12.9pp | -71.9%-79.3pp | 7.4% | -139.3% | -1184.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | -772.6%-590.0pp | -182.6%-188.5pp | 5.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -1.1%+135.0pp | -136.1%-34.4pp | -101.6%-106.2pp | 4.5%+120.3pp | -115.8%+228.8pp | -344.6% | N/A | N/A | N/A | N/A | N/A | N/A | -124.3%+116.1pp | -240.4% |
| Current Ratio | 2.29+0.2x | 2.10+0.9x | 1.19-3.7x | 4.93-1.0x | 5.98+5.7x | 0.32-0.2x | 0.53+0.5x | 0.07+0.1x | 0.010.0x | 0.030.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
| Debt-to-Equity | 0.00 | N/A | 1.57+1.0x | 0.53+0.4x | 0.16 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | -12.6%-12.8pp | 0.2%+38.2pp | -38.0%-11.4pp | -26.5%-8.6pp | -18.0% | -135.3% | N/A | -2292.7% | N/A | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where SRX GLOBAL INC Ranks
Frequently Asked Questions
What is SRX GLOBAL INC's annual revenue?
SRX GLOBAL INC (SRXH) reported $6.5M in total revenue for fiscal year 2025. This represents a -81.3% 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 SRX GLOBAL INC's revenue growing?
SRX GLOBAL INC (SRXH) revenue declined by 81.3% year-over-year, from $35.0M to $6.5M in fiscal year 2025.
What is SRX GLOBAL INC's EBITDA?
SRX GLOBAL INC (SRXH) had EBITDA of -$11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does SRX GLOBAL INC have?
As of fiscal year 2025, SRX GLOBAL INC (SRXH) had $1.3M in cash and equivalents against $0 in long-term debt.
What is SRX GLOBAL INC's gross margin?
SRX GLOBAL INC (SRXH) had a gross margin of 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is SRX GLOBAL INC's operating cash flow?
SRX GLOBAL INC (SRXH) recorded an outflow of $8.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are SRX GLOBAL INC's total assets?
SRX GLOBAL INC (SRXH) had $8.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is SRX GLOBAL INC's current ratio?
SRX GLOBAL INC (SRXH) had a current ratio of 2.29 as of fiscal year 2025, which is generally considered healthy.
What is SRX GLOBAL INC's debt-to-equity ratio?
SRX GLOBAL INC (SRXH) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SRX GLOBAL INC's cash runway?
Based on fiscal year 2025 data, SRX GLOBAL INC (SRXH) had $1.3M in cash against an annual operating cash burn of $8.1M. This gives an estimated cash runway of approximately 2 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.
What is SRX GLOBAL INC's Altman Z-Score?
SRX GLOBAL INC (SRXH) has an Altman Z-Score of -4.92, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is SRX GLOBAL INC's Piotroski F-Score?
SRX GLOBAL INC (SRXH) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Can SRX GLOBAL INC cover its interest payments?
SRX GLOBAL INC (SRXH) reported an operating loss of $11.4M against $628K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 SRX GLOBAL INC?
SRX GLOBAL INC (SRXH) scores 8 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.