Driveitaway Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Driveitaway Holdings, 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

	FY2018	FY2019	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2.42		4.52		3.04	0.12	0.06	0.31	0.46	0.99
Cost of revenue	0.01		0			0.04	0.04	0.24	0.32	0.85
Gross profit	2.41		4.52		3.04	0.08	0.02	0.07	0.14	0.14
Research and development						0.08	0.06	0.06	0.04	0.11
Selling and marketing							0.03	0.04	0.01
General and administrative						0.06	0.07	0.09	0.14	0.04
Operating expenses	2.63		2.56		2.45	0.74	1.2	0.83	0.71	1
Operating income	-0.22		1.95		0.59	-0.66	-1.19	-0.76	-0.57	-0.87
Interest expense						0.01	0.07	0.17	0.73	0.62
Interest income							0
Other non-operating income	-0		0.06		0.03	-0.01	-0.29	-0.17	-1.68	-4.03
Pre-tax income	-0.22		2.02		0.62	-0.68	-1.48	-0.93	-2.25	-4.9
Net income	-0.22	-0.22	2.02	2.02	0.62	-0.68	-1.48	-0.93	-2.25	-4.9
EBITDA	-0.16		2.07		0.7	-0.55	-1.18	-0.73	-0.51	-0.72
EPS, basic	-0.02		0.17		0.05	0.02	-0.03	-0.01
EPS, diluted	-0.02		0.17		0.04	0.02	-0.03	-0.01
Shares, basic (weighted)	12		12		13.4	13.3	50	106
Shares, diluted (weighted)	12		12		13.8	13.5	50	106

Balance sheet

	FY2018	FY2019	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.08	0.14	0.52	0.56	0.43	0.01	0.13	0	0.03	0.04
Receivables	0.19	0.34	0.28	0.32	0.27	0.02	0.01	0.01	0	0.04
Other current assets	0.03	0.02	0.01		0.01	0	0.01	0	0
Total current assets	0.38	0.81	1.07	1.22	0.95	0.03	0.14	0.03	0.04	0.08
Property, plant and equipment	0.36	0.46	0.32	0.22	0.13	0.03	0.15	0.18	0.77	0.59
Lease right-of-use assets						0
Intangible assets						0.16	0	0.01	0.01	0
Total assets	0.75	2.86	2.16	2.16	1.59	0.03	0.29	0.23	1.07	0.68
Accounts payable					0.07	0.17	0.23	0.66	0.99	1.68
Accrued liabilities	0.01	0.01	0.13	0.02	0.01	0.03	0.03	0	0.01	0.02
Deferred revenue		1.14	0.99	0.98	0.92	0.7	0	0.01	0	0.02
Total current liabilities	0.27	1.38	1.22	1.15	1.11	0.23	1.09	1.88	4.37	9.07
Total liabilities	0.27	6.12	4.6	4.3	3.41	0.52	1.39	2.19	5.03	9.18
Paid-in capital	2.9	2.9	2.99	2.99	2.99	3.06	1.29	1.36	1.61	1.97
Retained earnings	-2.39	-6.13	-5.39	-5.09	-4.77	-0.91	-2.38	-3.31	-5.56	-10.5
Treasury stock	-0.03	-0.03	-0.03	-0.03	-0.03	0	-0.02	-0.02	-0.02	-0.02
Shareholders' equity	0.47	-3.85	-2.44	-2.14	-0.22	-0.49	-1.1	-1.95	-3.96	-8.5
Total equity	0.47	-3.85	-2.44	-2.14	-0.22	-0.49	-1.1	-1.95	-3.96	-8.5
Total liabilities and equity	0.75	2.86	2.16	2.16	1.59	0.03	0.29	0.23	1.07	0.68
Shares outstanding	12	12.1	13.5	13.5	13.3	0	105	107	114	120

Cash flow statement

	FY2018	FY2019	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-0.22	-0.22	2.02	2.02	0.62	0.32	1.45	-0.93	-2.25	-4.9
Depreciation and amortization	0.05		0.12		0.11	0.11	0.01	0.04	0.06	0.14
Stock-based compensation	0	0	0.09	0.09	0	0.4	0.29	0.02		0.26
Deferred income tax	-0.11		-0.11		-0.18	-0.43
Change in receivables	-0.51		-0.02		-0.34	-0.01	0.02	-0.01	0.01	-0.04
Change in payables	-0.02		-0.05		-0.04	0.02	0.03	0.44	0.33	0.63
Cash from operations	-0.03		0.4		-0.31	-0.24	-0.83	-0.45	-0.42	-0.48
Capital expenditures	-0.19		-0.12			-0	-0.16	-0.01
Cash from investing	-0.2		0.04		0.09	-0.02	-0.09	-0.07	-0.64	0.03
Cash from financing					0.12	0.22	1.03	0.41	1.08	0.45
Net change in cash	-0.23		0.44		-0.09	-0.02	0.12	-0.1	0.01	0.01
Free cash flow	-0.22		0.28			-0.24	-0.99	-0.45
Interest paid								0.01	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.01 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	12.2%	Gross profit / revenue.
Operating margin	-66.0%	Operating income / revenue.
EBITDA margin	-56.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	-492.2%	Net income / revenue.
Operating cash flow margin	-66.6%	Cash from operations / revenue.
Return on assets (ROA)	-2,351.0%	Net income / average total assets.
R&D / revenue	7.9%	Research and development expense / revenue.
D&A / revenue	9.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	114.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	161.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-20.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-1.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	101.4%	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	-46.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-36.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	32.4%	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	-15.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.01x	Current assets / current liabilities.
Quick ratio	0.01x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.01x	(Cash + short-term investments) / current liabilities.
Debt / assets	103.0%	Total debt / total assets.
Liabilities / assets	3,730.0%	Total liabilities / total assets.
Net debt	$174.6K	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	-1.33x	Operating income / interest expense.
Working capital	-$9.1M	Current assets - current liabilities.
Tangible book value	-$9.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	4.78x	Revenue / average total assets.
Fixed asset turnover	9.71x	Revenue / average property, plant and equipment.
Receivables turnover	27.1x	Revenue / average receivables.
Days sales outstanding	13 days	365 x average receivables / revenue.
Days payables	544 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
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	$0.00	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.5M	Share price x shares outstanding.
Enterprise value	$1.7M	Market cap + total debt - cash - short-term investments.
P/S	1.28x	Market cap / revenue.
EV/Sales	1.42x	Enterprise value / revenue.
Earnings yield	-385.8%	Net income / market cap (the inverse of P/E).

What was Driveitaway Holdings, Inc.'s revenue in fiscal 2025?

Driveitaway Holdings, Inc. reported revenue of $987.9K for fiscal 2025, 114.3% higher than the year before.

Was Driveitaway Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $4.9M.

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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