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Financial statements

NAPC Defense, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NAPC Defense, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue00.020.010.0901.42
Cost of revenue002.11
Gross profit00.020.010.09-0.69
Research and development0.120.020.010.010.020.01
General and administrative00.050.040.060.040.110.080.091.830.62
Operating expenses-00.050.060.590.60.660.550.382.481.35
Operating income-0.04-0.05-0.59-0.6-0.66-0.46-0.38-2.48-2.04
Interest expense0.770.480.130.070.16
Other non-operating income0.02-1.41-0.48-0.13-0.75-0.84
Pre-tax income-0.59-0.58
Income from continuing operations-0.51-3.23-2.88
Net income to minority interests0.582.070.940.713.382.88
Net income-0-0.04-0.05-0.59-0.58-2.07-0.94-0.71-3.38-2.88
EBITDA-0.04-0.05-0.58-0.56-0.64-0.46-0.37-2.48-2.04
EPS, basic0.000.000.00-0.08-0.08-0.02-0.01
EPS, diluted0.000.000.00-0.08-0.08-0.02-0.01
Shares, basic (weighted)3.835.047.77.53201320
Shares, diluted (weighted)0.333.835.047.77.53201320

Balance sheet

FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents0.010.0100.010.20.050.210.010.72
Other current assets0000.08
Total current assets0.010.0100.010.20.050.210.050.020.81
Property, plant and equipment00.0200.150.040.020.160.14
Lease right-of-use assets0.06
Intangible assets0.0200.640.640
Other non-current assets0.640.0101.76
Total assets00.0300.790.870.080.371.810.020.88
Accounts payable00.0100.0600.030.010.020.031.33
Accrued liabilities00.01
Short-term debt0.020.020.020.02000.020.12
Total current liabilities0.010.030.050.130.110.951.171.051.162.94
Lease liabilities0.04
Total liabilities0.010.030.050.130.110.951.171.051.162.98
Paid-in capital00.040.041.261.712.343.315.476.948.93
Retained earnings-0-0.04-0.09-0.68-1.26-3.33-4.28-4.99-8.45-11.6
Shareholders' equity00-0.050.660.77-0.87-0.80.77-1.15-2.1
Total equity00-0.050.660.77-0.87-0.80.77-1.15-2.1
Total liabilities and equity0.010.0300.790.870.080.371.810.020.88
Shares outstanding35.045.047.48.159.4943.8168238445

Cash flow statement

FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income-0-0.04-0.05-0.59-0.58-2.07-0.94-0.71-3.38-2.88
Depreciation and amortization000.020.050.010.010.0200
Stock-based compensation0.080.160.010.010.190.01
Change in payables00.01-0.010.03-0.0200.011.32
Cash from operations0-0.03-0.03-0.44-0.37-0.61-0.42-0.34-0.8-0.16
Capital expenditures-0.02-0.06-0.01
Purchases of investments00.02
Cash from investing-0-0.02-0.06-0.15-0.01
Stock issued0.480.30.68
Cash from financing00.050.020.510.560.460.730.130.810.87
Net change in cash-0-0.010.010.19-0.150.16-0.210.010.71
Free cash flow-0.05-0.51-0.16
Interest paid000
Income taxes paid00

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.01 on August 26, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-168.8%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue CAGR, 3y155.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y5,259.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y33.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y0.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y59.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y111.7%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.51xCurrent assets / current liabilities.
Quick ratio0.47x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.47x(Cash + short-term investments) / current liabilities.
Liabilities / assets185.8%Total liabilities / total assets.
Interest coverage-3.06xOperating income / interest expense.
Working capital-$805.0KCurrent assets - current liabilities.
Goodwill and intangibles / assets0.5%(Goodwill + intangible assets) / total assets.
Tangible book value-$778.4KShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.00Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share$0.00Cash from operations / diluted weighted shares.
Book value per share-$0.00Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.00Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$5.7MShare price x shares outstanding.
Enterprise value$4.9MMarket cap + total debt - cash - short-term investments.
P/OCF19.0xMarket cap / cash from operations, when positive.
Earnings yield-26.7%Net income / market cap (the inverse of P/E).
What was NAPC Defense, Inc.'s revenue in fiscal 2026?

NAPC Defense, Inc. reported revenue of $1.4M for fiscal 2026.

Was NAPC Defense, Inc. profitable in fiscal 2026?

No. It reported a net loss of $2.9M.

How much free cash flow did NAPC Defense, Inc. generate in fiscal 2026?

Cash from operations of $157.5K minus capital expenditures of $6.5K left free cash flow of -$164.0K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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