USBC Financials
Ticker history: KNW became USBC (USBC, Inc.) on . Earlier news and filings retain their original names and dates. View KNW history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the USBC SEC filings page.
This page shows USBC, Inc. (USBC) 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).
USBC's reported FY2025 balance sheet was equity-funded, but losses persisted alongside financing-supported cash needs.
The FY2025 net loss of$22.1M was larger than operating cash flow of-$7.6M , indicating that accounting losses included substantial noncash or timing effects rather than translating dollar-for-dollar into cash use. Because free cash flow also was-$7.6M while capital expenditures were$0 , the cash shortfall was operational, not a reinvestment cycle, and financing cash flow of$13.3M supplied the offset.
FY2025 liabilities of
The expense mix shifted sharply from FY2024: selling, general and administrative expense rose
Financial Health Signals
USBC, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
USBC, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
USBC, Inc. reported a net loss of $22.1M while operations used $7.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
USBC, Inc. reported an operating loss of $18.0M against $1.2M 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
USBC, Inc.'s EBITDA was -$16.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
USBC, Inc. reported a net loss of $20.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
USBC, Inc. earned -$0.05 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
USBC, Inc. held $3.0M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
USBC, Inc.'s quarterly ROE was -44.8% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 2.1 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
USBC, Inc. invested $57K in research and development in Q2 2026. This represents a decrease of 86.3% from the same quarter a year earlier. Against the prior quarter it is down 73.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
USBC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | $57K-86.3% | $218K-72.8% | $254K-77.0% | $294K-73.4% | $239K-82.3% | $418K-80.8% | $802K-46.0% | $1.1M-28.4% |
| SG&A Expenses | $16.4M+815.0% | $11.4M+482.6% | $16.9M | $11.5M | $1.0M-59.2% | $1.8M-29.9% | $2.0M-2.3% | N/A |
| Operating Income | -$16.4Mn/m | -$11.7Mn/m | -$17.1M | -$11.8M | -$1.3Mn/m | -$2.2Mn/m | -$2.8Mn/m | N/A |
| EBITDA | -$16.4Mn/m | -$11.7Mn/m | -$17.1M | N/A | -$1.2Mn/m | -$2.2Mn/m | -$2.8Mn/m | N/A |
| Interest Expense | $220K-84.0% | $14K-98.8% | N/A | N/A | $276K-7.6% | $1.4M+91.7% | $1.2Mn/m | N/A |
| Income Tax | -$5.2Mn/m | -$6.7Mn/m | -$15.7Mn/m | -$173Kn/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Net Income | -$20.8Mn/m | -$25.6Mn/m | -$27.5Mn/m | -$12.4Mn/m | -$1.5Mn/m | -$3.6Mn/m | -$4.7Mn/m | -$3.6Mn/m |
| EPS (Basic) | -$0.05 | -$0.07 | N/A | N/A | -$0.55 | -$1.24 | N/A | N/A |
| EPS (Diluted) | -$0.05 | -$0.07 | -$0.07 | N/A | -$0.55 | -$1.24 | -$0.04n/m | -$1.43 |
| Diluted Shares (Avg) | 388M | 388M | 388M | N/A | 7M | 3M | 108M+33.8% | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit.
USBC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $66.5M+7094.1% | $72.3M+4570.9% | $93.7M+2456.2% | $125.1M+3313.3% | $493K-82.0% | $924K-81.3% | $1.5M-69.1% | $3.7M-55.7% |
| Current Assets | $4.6M+927.9% | $3.4M+231.7% | $6.8M+118.4% | $9.8M+213.7% | $173K-91.9% | $444K-90.6% | $1.0M-78.6% | $3.1M-61.2% |
| Cash & Equivalents | $3.0M+571.8% | $2.0M+97.1% | $4.1M+31.6% | $8.8M+183.6% | $173K-91.9% | $444K-90.6% | $1.0M-78.6% | $3.1M-61.2% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | N/A | N/A | $2.3M | $0 | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $20.1M+195.1% | $12.4M+126.6% | $12.1M+108.6% | $28.0M+380.4% | $5.3M-28.0% | $6.8M+1.7% | $5.5M+44.2% | $5.8M+28.7% |
| Current Liabilities | $20.0M+201.2% | $10.7M+105.4% | $3.7M-28.8% | $3.7M-27.6% | $5.1M-16.1% | $6.6M+31.0% | $5.2M+37.3% | $5.2M+14.2% |
| Non-Current Liabilities | $104K-40.4% | $1.7M+545.9% | $8.5M+1187.4% | $24.2M+3585.1% | $153K-87.5% | $174K-89.3% | $263Kn/m | $657Kn/m |
| Long-Term Debt | N/A | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $45K | $408Kn/m |
| Total Equity | $46.4Mn/m | $59.9Mn/m | $81.5Mn/m | $97.1Mn/m | -$4.8Mn/m | -$5.9Mn/m | -$3.9M-419.4% | -$2.2M-157.6% |
| Retained Earnings | -$236.9Mn/m | -$216.1Mn/m | -$190.5Mn/m | -$163.1Mn/m | -$150.7Mn/m | -$147.0Mn/m | -$143.4Mn/m | -$138.7Mn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill.
USBC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.2Mn/m | -$7.1Mn/m | -$4.6Mn/m | -$3.1Mn/m | -$1.3Mn/m | -$1.3Mn/m | -$1.9Mn/m | -$3.3Mn/m |
| Depreciation & Amortization | $0-100.0% | $6K-37.4% | $7K-68.5% | $7K-67.3% | $7K-65.3% | $7K-63.5% | $10K-47.2% | $22K-59.1% |
| Stock-Based Compensation | $7.3M+1127.4% | $3.9M+612.8% | $11.9M | N/A | $176K | $594K | $551K-21.2% | N/A |
| Capital Expenditures | N/A | N/A | $0n/m | $0n/m | $0-100.0% | $0 | $0-100.0% | $0 |
| Free Cash Flow | N/A | N/A | -$4.6Mn/m | -$3.1Mn/m | -$1.3Mn/m | -$1.3M | -$1.9Mn/m | -$3.3M |
| Investing Cash Flow | -$225Kn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $0n/m | $0-100.0% |
| Financing Cash Flow | $10.0M+1307.1% | $5.0Mn/m | -$99K-102.3% | $11.8M+177.5% | $1.0Mn/m | $711K-79.9% | -$180K-188.6% | $4.2M-22.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
USBC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -44.8% | -42.7% | -33.7% | -12.7% | N/A | N/A | N/A | N/A |
| Return on Assets | -31.3%+356.0pp | -35.4%+266.1pp | -29.3%+69.8pp | -9.9%+89.3pp | -310.3%-160.7pp | -387.3%-278.0pp | -301.5%-232.8pp | -99.2%-63.6pp |
| Current Ratio | 0.23+0.2x | 0.32+0.1x | 1.85+1.2x | 2.61+2.0x | 0.03-0.3x | 0.07-0.9x | 0.20-1.1x | 0.60-1.2x |
| Debt-to-Equity | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.43 | 0.21 | 0.15 | 0.29 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| USBC, Inc. USBC | FY2025 | N/A | -$22.1M | N/A | $159.0M | — |
| The LGL Group, Inc. LGL | FY2025 | $4.2M | $688K | 16.5% | $85.1M | 65/100 |
| Sono-Tek Corporation SOTK | FY2026 | $20.9M | $1.8M | 8.6% | $75.8M | 61/100 |
| Wrap Technologies, Inc. WRAP | FY2025 | $4.7M | -$10.3M | N/A | $75.4M | 37/100 |
| Genasys Inc. GNSS | FY2025 | $40.8M | -$18.1M | -44.4% | $70.1M | 44/100 |
| Arbe Robotics Ltd. ARBE | FY2025 | $1.0M | -$46.4M | N/A | $50.3M | 49/100 |
Where USBC, Inc. Ranks
Frequently Asked Questions
No, USBC, Inc. (USBC) reported a net loss of $22.1M in fiscal year 2025.
USBC, Inc. (USBC) had EBITDA of -$18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, USBC, Inc. (USBC) had $8.8M in cash and equivalents against $0 in long-term debt.
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.
USBC, Inc. (USBC) recorded an outflow of $7.6M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
USBC, Inc. (USBC) recorded an outflow of $7.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
USBC, Inc. (USBC) had $125.1M in total assets as of fiscal year 2025, including both current and long-term assets.
USBC, Inc. (USBC) reported no capital expenditure during fiscal year 2025.
USBC, Inc. (USBC) invested $1.8M in research and development during fiscal year 2025.
USBC, Inc. (USBC) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.
USBC, Inc. (USBC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
USBC, Inc. (USBC) had a liabilities-to-equity ratio of 0.29 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
USBC, Inc. (USBC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $159.0M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
USBC, Inc. (USBC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $159.0M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, USBC, Inc. (USBC) held $8.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.6M over that year. Dividing the one by the other, the reported balance equals about 14 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
USBC, Inc. (USBC) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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.
USBC, Inc. (USBC) reported a net loss of $22.1M while operations used $7.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
USBC, Inc. (USBC) reported an operating loss of $18.0M against $1.2M 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.