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Financial statements

Hyperscale Data, Inc. financial statements

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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue7.610.227.222.423.952.4118135107102
Cost of revenue4.896.3321.819.316.423.967125
Gross profit2.713.855.383.067.5128.550.724.824.221.6
Research and development0.711.121.431.861.852.042.774.42114.83
Selling and marketing0.921.723.011.411.187.7729.431.71418.3
General and administrative2.36.9919.815.512.536.760.368.235.250
Operating expenses3.939.832527.813.546.919017481.283.8
Operating income-1.22-5.98-19.6-24.7-6.03-18.4-139-149-57-62.3
Interest expense16.27.269.651.8737.344.320.716.1
Other non-operating income0.08-24.1-4.55-48.9-91.3-4.73-3.03
Pre-tax income-1.14-11-33.1-30.8-30.1-22.9-188-241-61.7-65.3
Income tax0.02-0.08-0.08-0.11-0.020.13-4.490.350.060.25
Income from continuing operations-1.12-11.3-32.3-32.9-30.1-23-184-241-61.8-65.5
Net income to minority interests-0.28-0.75-0.030.21-8.02-25.3
Net income-1.12-10.6-32.2-32.9-29.4-23.3-182-231-56.2-66.4
EBITDA-1.06-5.73-16.7-21.2-5.64-14.9-125-121-32.5-42.4
EPS, basic-131.31-722.18-446.11-22.97-3.41-0.42-0.74-2,192.00-68.09-0.83
EPS, diluted-131.31-722.18-446.11-22.97-3.41-0.42-0.74-2,192.00-68.09-0.83
Shares, basic (weighted)0.010.020.071.439.610.030.110.990.7
Shares, diluted (weighted)0.010.020.071.439.610.030.110.990.7

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents11.480.770.4818.715.97.946.114.5513.1
Short-term investments2.5640.46.590.03
Receivables1.441.91.932.443.856.4619.61.231.370.19
Inventory1.121.993.262.483.375.48221.791.824.81
Other current assets0.291.410.781.322.9915.45.075.253.0614.7
Total current assets3.848.7812.311.134.411019662.458.4130
Property, plant and equipment0.571.229.311.792.12174147196144142
Lease right-of-use assets5.284.325.248.423.413.76.65
Goodwill3.658.28.19.6510.127.90.30.310.3
Intangible assets2.94.363.214.394.0434.84.051.8413.7
Long-term investments117118
Total assets5.4730.549.442.875.6490562299221314
Accounts payable1.234.2713.114.37.046.92032.659.539.2
Accrued liabilities0.130.361.350.51.415.039.799.782.6
Deferred revenue0.98
Short-term debt0.7582.7612.90.9119.6
Total current liabilities1.881130.730.221.981.9225140216170
Long-term debt0.530.480.480.3455.129.818.2
Lease liabilities3.733.864.215.842.162.275.2
Total liabilities1.9111.731.435.826.5145338240219188
Total debt0.030.7582.7614431.196.783.1
Paid-in capital16.536.977.6101171386566645669853
Retained earnings-12.2-23.4-55.7-88.7-122-146-329-567-629-735
Treasury stock-0.06-13.2-29.2-30.6-30.6
Other comprehensive income-0.824.5-3.9-5.51-0.79-0.11-1.1-2.1-0.670.81
Shareholders' equity3.5618186.9448.322720644.78.64120
Minority interests0.780.040.010.821.6117.512-6.556.1
Total equity3.5518.818.16.9549.122822456.72.09126
Total liabilities and equity5.4730.549.442.875.6490562299221314
Shares outstanding0.01

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-1.12-10.9-33-32.9-29.4-23-190-253-62.5-65.5
Depreciation and amortization0.160.252.913.470.393.4614.72824.419.8
Stock-based compensation0.541.834.721.581.117.757.29.073.260.71
Deferred income tax-0.08-0.21-0.11-0.020.13-50.03
Change in receivables-0.310.292.75-0.54-0.64-1.41-0.06-1.560.32-4.22
Change in inventory0.210.10.010.820.18-2.03-1.072.52-0.040.41
Change in payables0.329.4715.62.41-11.3
Cash from operations-0.36-4.12-10.4-10.2-11.2-61.726.5-5.43-19.4-62.5
Capital expenditures-0.09-0.4-8.92-0.19-0.58-152-99.3-14.7-4.83-24.5
Acquisitions-3.63
Purchases of investments-1.03-3.2-1.24-1.6-2.12-2.5-2.02-11-0.55
Sales and maturities of investments0.062.190.580.374.0611.7
Cash from investing-1.03-8.67-20.6-2.85-7.78-333-159-29.53.19-70.2
Share buybacks-0.06
Dividends paid-0.04-0.02-0.02-0.02-0.39-1.38-5.28-8.55
Cash from financing1.2813.230.512.937.33981243725.8156
Exchange rate effect-0.140.05-0.07-0.18-0.12-0.270.86-0.780.030.6
Net change in cash-0.250.48-0.58-0.2918.22.55-7.181.31
Free cash flow-0.44-4.52-19.3-10.4-11.8-214-72.8-20.2-24.2-87.1
Interest paid0.270.761.870.660.264.817.51
Income taxes paid0.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.17 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin26.1%Gross profit / revenue.
Operating margin-69.3%Operating income / revenue.
EBITDA margin-53.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-70.7%Pre-tax income / revenue.
Net margin-71.0%Net income / revenue.
FCF margin-79.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-50.2%Cash from operations / revenue.
Return on equity (ROE)-83.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-25.7%Net income / average total assets.
Return on invested capital (ROIC)-39.7%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue10.5%Research and development expense / revenue.
Stock-based pay / revenue0.8%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue29.6%Capital expenditures / revenue.
D&A / revenue15.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-4.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-4.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y33.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-10.9%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-24.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y23.5%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y1,287.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-16.6%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y19.9%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y42.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-17.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y32.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y9,945.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y1,346.0%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, 5y56.7%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 ratio0.57xCurrent assets / current liabilities.
Quick ratio0.20x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.18x(Cash + short-term investments) / current liabilities.
Debt / equity0.96xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets29.4%Total debt / total assets.
Liabilities / assets67.6%Total liabilities / total assets.
Net debt$69.2MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-5.97xOperating income / interest expense.
Working capital-$87.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets6.7%(Goodwill + intangible assets) / total assets.
Tangible book value$86.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.36xRevenue / average total assets.
Fixed asset turnover0.88xRevenue / average property, plant and equipment.
Receivables turnover31.7xRevenue / average receivables.
Days sales outstanding12 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.19Net 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$0.27Revenue / diluted weighted shares.
FCF per share-$0.22Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.14Cash from operations / diluted weighted shares.
Book value per share$0.23Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.18Tangible book value / shares outstanding.
Cash per share$0.08(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$252.9KShare price x shares outstanding.
Enterprise value$69.4MMarket cap + total debt - cash - short-term investments.
P/S0.00xMarket cap / revenue.
P/B0.00xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.00xMarket cap / tangible book value, when positive.
EV/Sales0.53xEnterprise value / revenue.
FCF yield-41,091.0%Free cash flow / market cap.
Earnings yield-36,554.0%Net income / market cap (the inverse of P/E).
Dividend yield3,635.0%Dividends paid over the period / market cap.
Shareholder yield3,635.0%(Dividends paid + share buybacks) / market cap.
What was Hyperscale Data, Inc.'s revenue in fiscal 2025?

Hyperscale Data, Inc. reported revenue of $102.1M for fiscal 2025, 4.3% lower than the year before.

Was Hyperscale Data, Inc. profitable in fiscal 2025?

No. It reported a net loss of $66.4M.

How much free cash flow did Hyperscale Data, Inc. generate in fiscal 2025?

Cash from operations of $62.5M minus capital expenditures of $24.5M left free cash flow of -$87.1M.

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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