USBC INC. Financials
This page shows USBC INC. (USBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
A recapitalized balance sheet now supports a business still funded more by investors than operations.
FY2025 looks like a balance-sheet reset, not a cash-rich operating recovery: assets rose to$125.1M while cash was only$8.8M . Because equity also swung to$97.1M and financing supplied$13.3M , the stronger balance sheet appears to come mainly from recapitalization rather than from the business funding itself.
The company still behaves like an externally funded venture: operating cash flow remained negative at
Short-term pressure eased even as reported losses widened. The current ratio improved to 2.6x from 0.6x, which means near-term obligations became easier to cover after FY2024's tighter posture. At the same time, the cost base became more SG&A-heavy, with SG&A at
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 USBC 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.
USBC INC. carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
USBC INC.'s current ratio of 2.61 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
USBC INC. generates a -22.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
USBC INC. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, USBC INC. generates $0.34 in operating cash flow (-$7.6M OCF vs -$22.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
USBC INC. earns $-15.2 in operating income for every $1 of interest expense (-$18.0M vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
USBC INC.'s EBITDA was -$18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.0% from the prior year.
USBC INC. reported -$22.1M in net income in fiscal year 2025. This represents a decrease of 33.4% from the prior year.
USBC INC. earned $-0.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 95.0% from the prior year.
Cash & Balance Sheet
USBC INC. generated -$7.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.1% from the prior year.
USBC INC. held $8.8M in cash against $0 in long-term debt as of fiscal year 2025.
USBC INC. had 388M shares outstanding in fiscal year 2025. This represents an increase of 259.1% from the prior year.
Margins & Returns
USBC INC.'s ROE was -22.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
USBC INC. invested $1.8M in research and development in fiscal year 2025. This represents a decrease of 71.3% from the prior year.
USBC INC. invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
USBC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | $254K | N/A | $239K-42.9% | $418K-47.9% | $802K | N/A | $1.3M-38.0% | $2.2M |
| SG&A Expenses | $16.9M | N/A | $1.0M-43.2% | $1.8M-8.9% | $2.0M | N/A | $2.5M-2.5% | $2.6M |
| Operating Income | -$17.1M | N/A | -$1.3M+43.2% | -$2.2M+20.2% | -$2.8M | N/A | -$3.8M+18.8% | -$4.7M |
| Interest Expense | N/A | N/A | N/A | $1.4M+16.1% | $1.2M | N/A | $298K-58.4% | $717K |
| Income Tax | -$15.7M | N/A | $0 | $0 | $0 | N/A | $0 | $0 |
| Net Income | -$27.5M | N/A | -$1.5M+57.3% | -$3.6M+23.3% | -$4.7M | N/A | -$4.1M+24.0% | -$5.4M |
| EPS (Diluted) | $-0.07 | N/A | $-0.55+55.6% | $-1.24 | $-0.04 | N/A | $-2.02+24.9% | $-2.69 |
USBC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $93.7M-25.1% | $125.1M+25293.3% | $493K-46.7% | $924K-40.3% | $1.5M-57.8% | $3.7M+33.6% | $2.7M-44.5% | $4.9M |
| Current Assets | $6.8M-30.4% | $9.8M+5556.8% | $173K-61.1% | $444K-57.0% | $1.0M-66.8% | $3.1M+46.0% | $2.1M-54.8% | $4.7M |
| Cash & Equivalents | $4.1M-53.5% | $8.8M+5014.1% | $173K-61.1% | $444K-57.0% | $1.0M-66.8% | $3.1M+46.0% | $2.1M-54.8% | $4.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.3M | $0 | 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 | $12.1M-56.6% | $28.0M+429.1% | $5.3M-22.4% | $6.8M+24.6% | $5.5M-6.2% | $5.8M-20.7% | $7.3M+9.7% | $6.7M |
| Current Liabilities | $3.7M-1.7% | $3.7M-27.1% | $5.1M-22.6% | $6.6M+27.6% | $5.2M+0.7% | $5.2M-15.6% | $6.1M+20.8% | $5.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $81.5M-16.0% | $97.1M+2126.6% | -$4.8M+18.5% | -$5.9M-50.3% | -$3.9M-81.6% | -$2.2M+53.1% | -$4.6M-162.3% | -$1.8M |
| Retained Earnings | -$190.5M-16.8% | -$163.1M-8.2% | -$150.7M-2.5% | -$147.0M-2.5% | -$143.4M-3.4% | -$138.7M-2.7% | -$135.1M-3.2% | -$130.8M |
USBC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M-49.0% | -$3.1M-140.6% | -$1.3M+0.6% | -$1.3M+31.6% | -$1.9M+41.7% | -$3.3M-28.9% | -$2.5M+30.9% | -$3.7M |
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $54K+5365700.0% | -$1 |
| Free Cash Flow | -$4.6M-49.0% | -$3.1M-140.6% | -$1.3M+0.6% | -$1.3M+31.6% | -$1.9M+41.7% | -$3.3M-26.2% | -$2.6M+29.4% | -$3.7M |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0+100.0% | -$54K-5365700.0% | $1 |
| Financing Cash Flow | -$99K-100.8% | $11.8M+1052.7% | $1.0M+43.5% | $711K+494.8% | -$180K-104.2% | $4.2M | $0-100.0% | $3.5M |
| 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 |
USBC 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 | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -33.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -29.3% | N/A | -310.3%+76.9pp | -387.3%-85.8pp | -301.5% | N/A | -149.6%-40.3pp | -109.3% |
| Current Ratio | 1.85-0.8 | 2.61+2.6 | 0.03-0.0 | 0.07-0.1 | 0.20-0.4 | 0.60+0.3 | 0.35-0.6 | 0.93 |
| Debt-to-Equity | 0.15-0.1 | 0.29+1.4 | -1.10+0.1 | -1.16+0.2 | -1.40+1.3 | -2.70-1.1 | -1.60+2.2 | -3.82 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is USBC INC. profitable?
No, USBC INC. (USBC) reported a net income of -$22.1M in fiscal year 2025.
What is USBC INC.'s EBITDA?
USBC INC. (USBC) had EBITDA of -$18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is USBC INC.'s return on equity (ROE)?
USBC INC. (USBC) has a return on equity of -22.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is USBC INC.'s free cash flow?
USBC INC. (USBC) generated -$7.6M in free cash flow during fiscal year 2025. This represents a 41.1% 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 USBC INC.'s operating cash flow?
USBC INC. (USBC) generated -$7.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are USBC INC.'s total assets?
USBC INC. (USBC) had $125.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are USBC INC.'s capital expenditures?
USBC INC. (USBC) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does USBC INC. spend on research and development?
USBC INC. (USBC) invested $1.8M in research and development during fiscal year 2025.
What is USBC INC.'s current ratio?
USBC INC. (USBC) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.
What is USBC INC.'s debt-to-equity ratio?
USBC INC. (USBC) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is USBC INC.'s return on assets (ROA)?
USBC INC. (USBC) had a return on assets of -17.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is USBC INC.'s cash runway?
Based on fiscal year 2025 data, USBC INC. (USBC) had $8.8M in cash against an annual operating cash burn of $7.6M. This gives an estimated cash runway of approximately 14 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 USBC INC.'s Piotroski F-Score?
USBC INC. (USBC) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are USBC INC.'s earnings high quality?
USBC INC. (USBC) has an earnings quality ratio of 0.34x, 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 USBC INC. cover its interest payments?
USBC INC. (USBC) has an interest coverage ratio of -15.2x, 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 USBC INC.?
USBC INC. (USBC) 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.