Two Hands Financials
This page shows Two Hands (TWOH) 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
Two Hands passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Two Hands generates $0.10 in operating cash flow (-$251K OCF vs -$2.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Two Hands generated $710K in revenue in fiscal year 2024. This represents a decrease of 9.4% from the prior year.
Two Hands's EBITDA was -$1.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.9% from the prior year.
Two Hands reported -$2.4M in net income in fiscal year 2024. This represents an increase of 70.2% from the prior year.
Two Hands earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.
Two Hands held $2K in cash against $0 in long-term debt as of fiscal year 2024.
Two Hands had 2.37B shares outstanding in fiscal year 2024. This represents an increase of 5528.5% from the prior year.
Two Hands's gross margin was 7.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.
Two Hands's operating margin was -164.2% in fiscal year 2024, reflecting core business profitability. This is down 1.0 percentage points from the prior year.
Two Hands's net profit margin was -343.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 698.9 percentage points from the prior year.
TWOH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0-100.0% | $140K-38.0% | $226K+38.4% | $163K-17.5% | $198K-6.7% | $212K |
| Cost of Revenue | $0 | $0 | $0-100.0% | $174K-3.8% | $181K+22.1% | $148K-32.2% | $219K+39.4% | $157K |
| Gross Profit | $0 | $0 | $0+100.0% | -$34K-176.0% | $45K+200.3% | $15K+172.0% | -$21K-137.7% | $55K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $260K+25.2% | $208K-19.2% | $257K-14.3% | $300K-3.8% | $311K+2.1% | $305K-22.0% | $391K+27.3% | $307K |
| Operating Income | -$260K-25.2% | -$208K+19.2% | -$257K+23.0% | -$334K-25.3% | -$266K+8.2% | -$290K+29.5% | -$412K-63.5% | -$252K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$416K-23.8% | -$336K-1.8% | -$330K+59.9% | -$824K-66.4% | -$495K+36.7% | -$782K+88.1% | -$6.6M-1059.9% | -$566K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00-100.0% | $0.01 | $0.00 | $-0.01-100.2% | $4.25+42600.0% | $-0.01 |
TWOH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49K+7.6% | $45K+12.9% | $40K-59.1% | $98K-48.5% | $190K-16.8% | $228K+17.2% | $195K-8.8% | $213K |
| Current Assets | $44K+16.5% | $38K+24.3% | $30K-64.6% | $85K-50.1% | $171K-17.1% | $206K+21.8% | $169K-8.8% | $186K |
| Cash & Equivalents | $10K+154.6% | $4K+37.5% | $3K+58.8% | $2K-76.2% | $7K-36.0% | $11K-53.3% | $24K-10.9% | $27K |
| Inventory | N/A | N/A | N/A | $0-100.0% | $46K-42.5% | $80K+103.6% | $39K-12.7% | $45K |
| Accounts Receivable | $0 | $0 | $0-100.0% | $71K-35.5% | $111K-1.0% | $112K+20.8% | $93K-16.6% | $111K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.3M-3.6% | $3.5M-12.1% | $3.9M+7.5% | $3.7M+15.3% | $3.2M+5.0% | $3.0M+1.2% | $3.0M+18.4% | $2.5M |
| Current Liabilities | $3.3M-3.6% | $3.5M-12.1% | $3.9M+7.5% | $3.7M+52.5% | $2.4M+10.6% | $2.2M+0.7% | $2.2M+25.5% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.3M+3.8% | -$3.4M+12.4% | -$3.9M-9.4% | -$3.6M-19.3% | -$3.0M-6.8% | -$2.8M-0.1% | -$2.8M-20.9% | -$2.3M |
| Retained Earnings | -$95.6M-0.4% | -$95.2M-0.4% | -$94.9M-0.3% | -$94.5M-1.2% | -$93.4M-0.5% | -$92.9M-0.8% | -$92.1M-7.7% | -$85.5M |
TWOH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$144K+4.3% | -$151K+24.0% | -$198K-1645.8% | -$11K+85.7% | -$79K+41.0% | -$134K-68.9% | -$79K-33.8% | -$59K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$79K+41.0% | -$134K | N/A | N/A |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $150K-1.1% | $152K-23.9% | $199K+13555.6% | $1K-98.1% | $75K-38.1% | $122K+60.4% | $76K-3.4% | $78K |
| 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 |
TWOH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | -24.4%-44.3pp | 19.9%+10.7pp | 9.2%+19.7pp | -10.5%-36.5pp | 26.0% |
| Operating Margin | N/A | N/A | N/A | -238.1%-120.4pp | -117.8%+59.8pp | -177.5%+30.2pp | -207.7%-89.1pp | -118.6% |
| Net Margin | N/A | N/A | N/A | -587.3%-368.5pp | -218.8%+259.7pp | -478.4%+2831.9pp | -3310.3%-3044.0pp | -266.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -858.1%-112.3pp | -745.8%+81.7pp | -827.5%+15.3pp | -842.8%-581.7pp | -261.1%+82.0pp | -343.0%+3030.5pp | -3373.5%-3108.3pp | -265.2% |
| Current Ratio | 0.010.0 | 0.010.0 | 0.01-0.0 | 0.02-0.0 | 0.07-0.0 | 0.10+0.0 | 0.08-0.0 | 0.11 |
| Debt-to-Equity | -1.010.0 | -1.010.0 | -1.01+0.0 | -1.03+0.0 | -1.06+0.0 | -1.08-0.0 | -1.07+0.0 | -1.09 |
| FCF Margin | N/A | N/A | N/A | N/A | -35.0%+47.1pp | -82.1% | N/A | N/A |
Note: Shareholder equity is negative (-$3.6M), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Two Hands's annual revenue?
Two Hands (TWOH) reported $710K in total revenue for fiscal year 2024. This represents a -9.4% 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 Two Hands's revenue growing?
Two Hands (TWOH) revenue declined by 9.4% year-over-year, from $783K to $710K in fiscal year 2024.
Is Two Hands profitable?
No, Two Hands (TWOH) reported a net income of -$2.4M in fiscal year 2024, with a net profit margin of -343.0%.
What is Two Hands's earnings per share (EPS)?
Two Hands (TWOH) reported diluted earnings per share of $0.00 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 Two Hands's EBITDA?
Two Hands (TWOH) had EBITDA of -$1.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Two Hands's gross margin?
Two Hands (TWOH) had a gross margin of 7.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Two Hands's operating margin?
Two Hands (TWOH) had an operating margin of -164.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Two Hands's net profit margin?
Two Hands (TWOH) had a net profit margin of -343.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Two Hands's operating cash flow?
Two Hands (TWOH) generated -$251K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Two Hands's total assets?
Two Hands (TWOH) had $98K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Two Hands have outstanding?
Two Hands (TWOH) had 2.37B shares outstanding as of fiscal year 2024.
What is Two Hands's current ratio?
Two Hands (TWOH) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Two Hands's debt-to-equity ratio?
Two Hands (TWOH) had a debt-to-equity ratio of -1.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Two Hands's return on assets (ROA)?
Two Hands (TWOH) had a return on assets of -2490.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Two Hands's cash runway?
Based on fiscal year 2024 data, Two Hands (TWOH) had $2K in cash against an annual operating cash burn of $251K. 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 Two Hands's debt-to-equity ratio negative or unusual?
Two Hands (TWOH) has negative shareholder equity of -$3.6M 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 Two Hands's Piotroski F-Score?
Two Hands (TWOH) 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 Two Hands's earnings high quality?
Two Hands (TWOH) has an earnings quality ratio of 0.10x, 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.