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 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).
External financing has functioned as the operating fuel while liquidity coverage and self-funding capacity stayed weak.
From FY2023 to FY2025, financing inflows of$1.78M slightly exceeded operating cash outflows of-$1.51M , while year-end cash never rose above$228K . That pattern means new capital was mostly replacing cash consumed by operations, not building a balance-sheet cushion.
The income statement and cash flow statement diverged in FY2025: net loss narrowed to
Across FY2023-FY2024, gross profit stayed tiny relative to overhead: gross margin was only
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 Two Hands'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.
Two Hands's revenue declined 100% year-over-year, from $710K to $0. This contraction results in a growth score of 0/100.
Two Hands has elevated debt relative to equity (D/E of -1.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Two Hands's current ratio of 0.11 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Two Hands passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Two Hands generates $1.67 in operating cash flow (-$808K OCF vs -$485K 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
Earnings & Revenue
Two Hands generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Two Hands's EBITDA was -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.1% from the prior year.
Two Hands reported -$485K in net income in fiscal year 2025. This represents an increase of 80.1% from the prior year.
Cash & Balance Sheet
Two Hands held $228K in cash against $0 in long-term debt as of fiscal year 2025.
Two Hands had 6.50B shares outstanding in fiscal year 2025. This represents an increase of 174.4% from the prior year.
Margins & Returns
Capital Allocation
TWOH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | N/A | $0 | $0 | $0-100.0% | $140K-21.9% | $180K-20.7% | $226K |
| Cost of Revenue | N/A | N/A | $0 | $0 | $0-100.0% | $174K+13.7% | $153K-15.3% | $181K |
| Gross Profit | N/A | N/A | $0 | $0 | $0+100.0% | -$34K-231.5% | $26K-42.2% | $45K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $236K | N/A | N/A | $208K | N/A | $300K-0.3% | $301K-3.5% | $311K |
| Operating Income | -$236K | N/A | N/A | -$208K | N/A | -$334K-21.6% | -$275K-3.1% | -$266K |
| 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 | -$64K | N/A | N/A | N/A | N/A | N/A | -$333K+32.7% | -$495K |
| EPS (Diluted) | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 |
TWOH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $466K+46.3% | $319K+556.7% | $49K+7.6% | $45K+12.9% | $40K-59.1% | $98K-41.6% | $167K-11.7% | $190K |
| Current Assets | $80K-68.4% | $254K+480.6% | $44K+16.5% | $38K+24.3% | $30K-64.6% | $85K-43.6% | $152K-11.5% | $171K |
| Cash & Equivalents | $47K-79.3% | $228K+2262.8% | $10K+154.6% | $4K+37.5% | $3K+58.8% | $2K-85.5% | $12K+64.5% | $7K |
| Inventory | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $42K-8.4% | $46K |
| Accounts Receivable | N/A | $0 | $0 | $0 | $0-100.0% | $71K-20.7% | $90K-18.6% | $111K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.5M+9.0% | $2.3M-32.2% | $3.3M-3.6% | $3.5M-12.1% | $3.9M+7.5% | $3.7M+7.2% | $3.4M+7.5% | $3.2M |
| Current Liabilities | $2.5M+9.0% | $2.3M-32.2% | $3.3M-3.6% | $3.5M-12.1% | $3.9M+7.5% | $3.7M+36.5% | $2.7M+11.8% | $2.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.0M-2.8% | -$1.9M+40.8% | -$3.3M+3.8% | -$3.4M+12.4% | -$3.9M-9.4% | -$3.6M-9.8% | -$3.3M-8.7% | -$3.0M |
| Retained Earnings | -$95.1M-0.1% | -$95.0M+0.6% | -$95.6M-0.4% | -$95.2M-0.4% | -$94.9M-0.3% | -$94.5M-0.9% | -$93.7M-0.4% | -$93.4M |
TWOH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$174K+44.9% | -$315K-118.6% | -$144K+4.3% | -$151K+24.0% | -$198K-1645.8% | -$11K+55.9% | -$26K+67.5% | -$79K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$79K |
| Investing Cash Flow | -$322K-436.5% | -$60K | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $315K-46.9% | $593K+295.4% | $150K-1.1% | $152K-23.9% | $199K+13555.6% | $1K-95.2% | $30K-59.8% | $75K |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | -24.4%-38.9pp | 14.5%-5.4pp | 19.9% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | -238.1%-85.1pp | -153.0%-35.2pp | -117.8% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -185.6%+33.2pp | -218.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -13.8% | N/A | N/A | N/A | N/A | N/A | -199.0%+62.1pp | -261.1% |
| Current Ratio | 0.03-0.1 | 0.11+0.1 | 0.010.0 | 0.010.0 | 0.01-0.0 | 0.02-0.0 | 0.06-0.0 | 0.07 |
| Debt-to-Equity | -1.23-0.1 | -1.16-0.1 | -1.010.0 | -1.010.0 | -1.01 | N/A | -1.05+0.0 | -1.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -35.0% |
Note: Shareholder equity is negative (-$1.9M), 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 (0.11), 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 $0 in total revenue for fiscal year 2025. This represents a -100.0% 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 100% year-over-year, from $710K to $0 in fiscal year 2025.
Is Two Hands profitable?
No, Two Hands (TWOH) reported a net income of -$485K in fiscal year 2025.
What is Two Hands's EBITDA?
Two Hands (TWOH) had EBITDA of -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Two Hands's operating cash flow?
Two Hands (TWOH) generated -$808K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Two Hands's total assets?
Two Hands (TWOH) had $319K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Two Hands's current ratio?
Two Hands (TWOH) had a current ratio of 0.11 as of fiscal year 2025, 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 -1.16 as of fiscal year 2025, 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 -152.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Two Hands's cash runway?
Based on fiscal year 2025 data, Two Hands (TWOH) had $228K in cash against an annual operating cash burn of $808K. This gives an estimated cash runway of approximately 3 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 -$1.9M 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 Two Hands's Piotroski F-Score?
Two Hands (TWOH) has a Piotroski F-Score of 2 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 Two Hands's earnings high quality?
Two Hands (TWOH) has an earnings quality ratio of 1.67x, 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.
How financially healthy is Two Hands?
Two Hands (TWOH) scores 0 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.