Blue Line Protection Group, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Blue Line Protection Group, 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

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	2.62	2.82	3.87	4.05	4.13	4.13	4.66	3.88	4.41	4.37
Cost of revenue	-2.23	-2.42	2.91	2.71	2.13	1.2	1.28	1.28	1.54	1.59
Gross profit	0.39	0.4	0.96	1.34	2	2.93	3.37	2.6	2.87	2.77
Selling and marketing	0.03	0.01
General and administrative	1.5	2.01	1.93	2.07	2.31	2.14	2.12	2.52	2.1	2.43
Operating expenses	1.57	2.4	1.99	2.17	2.31	2.14	2.12	2.52	2.1	2.43
Operating income	-1.18	-2	-1.03	-0.83	-0.31	0.79	1.26	0.08	0.76	0.34
Interest expense	-0.08	-0.43	0.39	1.36	0.84	0.75	0.58	0.19	0.24	0.18
Interest income	0	0								0
Other non-operating income			-1.62	-0.42	-1.3	-1.73	0.49	-0.38	-0.41	-0.09
Pre-tax income	-1.26								0.35	0.25
Income tax										0.01
Income from continuing operations	-1.26	-2.44
Net income	-1.32	-2.44	-2.65	-1.25	-1.61	-0.93	1.75	-0.29	0.35	0.24
EBITDA	-1.14	-1.94	-0.98	-0.74	-0.18	0.92	1.39	0.21	0.88	0.43
EPS, basic	-0.01	-0.01	-0.01	-0.01	0.00	-0.08	0.14	-0.03	0.04	0.03
EPS, diluted	-0.01	-0.01	-0.01	-0.01	0.00	-0.08	0.09	-0.03	0.02	0.01
Shares, basic (weighted)	187	189	192	287	862	12	12.7	12.6	8.25	8.25
Shares, diluted (weighted)	187	189	192	287	862	12	18.5	12.6	10.9	21.5

Balance sheet

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	0.02	0	0.04	0.02	0.05	0.24	0.66	0.28	0.59	0.35
Receivables	0.05	0.12	0.2	0.3	0.34	0.32	0.33	0.37	0.37	0.31
Other current assets	0.02	0.05	0.02	0.02	0.01	0.03	0.03	0.03	0.03	0.04
Total current assets	0.16	0.22	0.27	0.34	0.39	0.6	1.02	0.68	0.99	0.71
Property, plant and equipment	1.3	0.14	0.15	0.44	1.28	0.97	0.82	0.67	0.25	0.18
Lease right-of-use assets					0.86	0.64	0.53	0.41	0.59	0.44
Total assets	1.46	0.36	0.42	0.77	1.67	1.57	1.87	1.38	1.86	1.36
Accounts payable									0.51	0.18
Short-term debt	0.68	0	0	0
Total current liabilities	1.58	1.63	4.47	4.1	5.33	6.36	2.72	1.91	1.95	1.17
Long-term debt				0				1
Lease liabilities					0.79	0.57	0.44	0.33	0.49	0.28
Total liabilities	1.6	1.64	4.48	4.16	6.12	6.93	4.49	3.27	3.23	1.99
Total debt	0.01	0.01	0.01	0
Paid-in capital	4.28	5.54	5.42	7.11	7.23	8.03	9.02	10	10.2	10.7
Retained earnings	-4.54	-6.97	-9.63	-10.9	-12.5	-13.4	-11.7	-12	-11.6	-11.4
Shareholders' equity	-0.13	-1.29	-4.06	-3.38	-4.45	-5.36	-2.62	-1.89	-1.37	-0.63
Total equity	-0.13	-1.29	-4.06	-3.38	-4.45	-5.36	-2.62	-1.89	-1.37	-0.63
Total liabilities and equity	1.46	0.36	0.42	0.77	1.67	1.57	1.87	1.38	1.86	1.36
Shares outstanding	188	191	193	553	1,190	12.3	12.7	12.4	8.25	8.25

Cash flow statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	-1.32	-2.44	-2.65	-1.25	-1.61	-0.93	1.75	-0.29	0.35	0.24
Depreciation and amortization	0.04	0.07	0.05	0.09	0.13	0.13	0.13	0.13	0.12	0.08
Stock-based compensation	0.54	0.25	0	0.05	0	0	0	0.33	0.05	0.16
Change in receivables	0.01	0.01	-0.07	-0.09	-0.04	0.01	-0.01	-0.05	0	0.05
Change in payables	0	0.02	0.14	0.21	0.15	0.18	0.1	0.07	0.05	-0.17
Cash from operations	-0.68	-1.47	-0.72	-0.86	-0.34	0.46	0.9	0.37	0.75	0.27
Capital expenditures	0	0.03	-0.03	-0.22	-0.09	-0.04	-0.07	-0.03	-0.12	-0.01
Cash from investing	0.03	0.21	-0.03	-0.22	-0.09	-0.04	-0.07	-0.03	-0.12	0.03
Debt repaid			-0	-0
Stock issued	0.05	0	0
Cash from financing	0.46	1.25	0.79	1.05	0.45	-0.22	-0.42	-0.72	-0.32	-0.54
Net change in cash	-0.2	-0.02	0.04	-0.02	0.03	0.2	0.42	-0.38	0.31	-0.23
Free cash flow	-0.68	-1.44	-0.76	-1.07	-0.42	0.42	0.84	0.34	0.63	0.26
Interest paid	0	0.05	0.08	0	0		0.4	0.06	0.18	0.01
Income taxes paid	0	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2025; growth uses fiscal years. Valuation uses the share price of $0.05 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	62.4%	Gross profit / revenue.
Operating margin	4.4%	Operating income / revenue.
EBITDA margin	6.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	2.1%	Net income / revenue.
FCF margin	2.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	2.7%	Cash from operations / revenue.
Return on assets (ROA)	6.6%	Net income / average total assets.
Stock-based pay / revenue	4.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.1%	Capital expenditures / revenue.
D&A / revenue	1.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-2.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	1.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-3.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-6.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-54.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-35.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-51.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-32.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-31.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-48.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-50.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-52.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-63.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-33.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-58.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-32.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	-27.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-10.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-4.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	96.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	5.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-52.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.61x	Current assets / current liabilities.
Quick ratio	0.57x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.33x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	145.1%	Total liabilities / total assets.
Working capital	-$488.7K	Current assets - current liabilities.
Tangible book value	-$606.5K	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	3.17x	Revenue / average total assets.
Fixed asset turnover	26.0x	Revenue / average property, plant and equipment.
Receivables turnover	14.0x	Revenue / average receivables.
Days sales outstanding	26 days	365 x average receivables / revenue.
Days payables	57 days	365 x average accounts payable / cost of revenue.
FCF conversion	128.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.00	Net 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.
Revenue per share	$0.20	Revenue / diluted weighted shares.
FCF per share	$0.01	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.01	Cash from operations / diluted weighted shares.
Book value per share	-$0.07	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$0.07	Tangible book value / shares outstanding.
Cash per share	$0.05	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$420.8K	Share price x shares outstanding.
Enterprise value	$12.8K	Market cap + total debt - cash - short-term investments.
P/E	4.77x	Market cap / net income. Only when net income is positive.
P/S	0.10x	Market cap / revenue.
P/FCF	3.73x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.64x	Market cap / cash from operations, when positive.
EV/Sales	0.00x	Enterprise value / revenue.
EV/EBIT	0.07x	Enterprise value / operating income, when both are positive.
EV/EBITDA	0.05x	Enterprise value / EBITDA, when both are positive.
EV/FCF	0.11x	Enterprise value / free cash flow, when both are positive.
FCF yield	26.8%	Free cash flow / market cap.
Earnings yield	21.0%	Net income / market cap (the inverse of P/E).

What was Blue Line Protection Group, Inc.'s revenue in fiscal 2024?

Blue Line Protection Group, Inc. reported revenue of $4.4M for fiscal 2024, 1% lower than the year before.

Was Blue Line Protection Group, Inc. profitable in fiscal 2024?

Yes. Net income was $241.7K, a net margin of 5.5%.

How much free cash flow did Blue Line Protection Group, Inc. generate in fiscal 2024?

Cash from operations of $269.5K minus capital expenditures of $7.0K left free cash flow of $262.5K.

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.

Open interactive statements, quarterly figures and charts

Back to Blue Line Protection Group, Inc.