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Vox Royalty Financials

VOXR
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Vox Royalty (VOXR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

Rhea AI VOXR FY2025

Equity-funded asset expansion turned a small-revenue company into a cash-generative balance-sheet business with limited reliance on leverage.

Across FY2023-FY2025, operating cash flow climbed from $5.3M to $10.7M while reported profit whipsawed, suggesting the underlying economics were steadier than net income implied. In FY2025, $62.4M of financing inflow arrived with liabilities still only 13.2% of assets, so the step-up in scale looks like equity-funded expansion rather than debt-led risk taking.

The company still carried comfortable liquidity with $8.1M of cash against $4.2M of current liabilities, which lowers the chance that routine obligations dictate capital decisions. That matters because recent investing outflows were large, so staying liquid means the asset build did not immediately strain working capital.

This looks more like a capital allocation business than a volume business: FY2025 revenue was only $12.0M against $123.4M of assets. When assets tower over revenue and cash flow remains positive, the key operating mechanic is how effectively invested assets convert into cash, not whether a reported gross margin expands.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 33 / 100
Financial Profile 33/100

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 Vox Royalty'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.

Growth
31

Vox Royalty's revenue grew 9.0% year-over-year to $12.0M, a solid pace of expansion. This earns a growth score of 31/100.

Leverage
99

Vox Royalty carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
52

Vox Royalty's current ratio of 2.73 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Returns
15

Vox Royalty generates a 5.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from -3.8% the prior year.

Piotroski F-Score Neutral
4/9

Vox Royalty passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.82x

For every $1 of reported earnings, Vox Royalty generates $1.82 in operating cash flow ($10.7M OCF vs $5.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$12.0M
YoY+9.0%

Vox Royalty generated $12.0M in revenue in fiscal year 2025. This represents an increase of 9.0% from the prior year.

EBITDA
N/A
Net Income
$5.9M
YoY+456.9%

Vox Royalty reported $5.9M in net income in fiscal year 2025. This represents an increase of 456.9% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$8.1M
YoY-7.6%

Vox Royalty held $8.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
68M
YoY+35.0%

Vox Royalty had 68M shares outstanding in fiscal year 2025. This represents an increase of 35.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
48.9%
YoY+63.8pp

Vox Royalty's net profit margin was 48.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 63.8 percentage points from the prior year.

Return on Equity
5.5%
YoY+9.3pp

Vox Royalty's ROE was 5.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

VOXR Income Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Revenue N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A

VOXR Balance Sheet

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Total Assets $123.4M+140.2% $51.4M-2.5% $52.7M+26.1% $41.8M+53.1% $27.3M
Current Assets $11.4M-6.2% $12.1M-8.7% $13.3M+96.2% $6.8M-16.8% $8.1M
Cash & Equivalents $8.1M-7.6% $8.8M-6.3% $9.3M+123.8% $4.2M-17.6% $5.1M
Inventory N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A
Goodwill $1.8M N/A N/A $1.4M-11.9% $1.5M
Total Liabilities $16.4M+96.5% $8.3M+6.9% $7.8M+21.8% $6.4M-3.1% $6.6M
Current Liabilities $4.2M+44.2% $2.9M-0.3% $2.9M-2.4% $3.0M+54.2% $1.9M
Long-Term Debt N/A N/A N/A N/A N/A
Total Equity $107.0M+148.6% $43.1M-4.1% $44.9M+26.9% $35.4M+71.0% $20.7M
Retained Earnings -$28.3M+9.3% -$31.2M-15.0% -$27.1M-8.9% -$24.9M-203.4% $24.1M

VOXR Cash Flow Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Operating Cash Flow N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A

VOXR Financial Ratios

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21
Gross Margin N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A
Current Ratio 2.73-1.5 4.19-0.4 4.57+2.3 2.28-1.9 4.22
Debt-to-Equity 0.15-0.0 0.19+0.0 0.170.0 0.18-0.1 0.32
FCF Margin N/A N/A N/A N/A N/A

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Frequently Asked Questions

Vox Royalty (VOXR) reported $12.0M in total revenue for fiscal year 2025. This represents a 9.0% 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.

Vox Royalty (VOXR) revenue grew by 9% year-over-year, from $11.0M to $12.0M in fiscal year 2025.

Yes, Vox Royalty (VOXR) reported a net income of $5.9M in fiscal year 2025, with a net profit margin of 48.9%.

Vox Royalty (VOXR) had a net profit margin of 48.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Vox Royalty (VOXR) has a return on equity of 5.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Vox Royalty (VOXR) generated $10.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Vox Royalty (VOXR) had $123.4M in total assets as of fiscal year 2025, including both current and long-term assets.

Vox Royalty (VOXR) had 68M shares outstanding as of fiscal year 2025.

Vox Royalty (VOXR) had a current ratio of 2.73 as of fiscal year 2025, which is generally considered healthy.

Vox Royalty (VOXR) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Vox Royalty (VOXR) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Vox Royalty (VOXR) has a Piotroski F-Score of 4 out of 9, indicating neutral 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.

Vox Royalty (VOXR) has an earnings quality ratio of 1.82x, considered cash-backed (high quality). 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.

Vox Royalty (VOXR) scores 33 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.

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