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Financial statements

HNO International, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data HNO International, 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

FY2023FY2023FY2024FY2025
Revenue0.030.0100.07
Cost of revenue0.030.0100
Gross profit0.010.0100.07
Selling and marketing000.010.02
General and administrative0.021.873.136.26
Operating expenses1.081.913.326.53
Operating income-1.07-1.93-3.34-6.62
Interest expense0.010.03
Interest income000.010
Other non-operating income0-0.02-0.02-0.15
Income tax00
Net income-1.07-1.93-3.34-6.62
EBITDA-1.07-1.89-3.16-6.37
EPS, basic-0.01-0.01-0.01-0.04
EPS, diluted-0.01-0.01-0.01-0.04
Shares, basic (weighted)100352394152
Shares, diluted (weighted)100352394152

Balance sheet

FY2023FY2023FY2024FY2025
Cash and equivalents0.050.240.020.01
Receivables00.33
Other current assets0
Total current assets0.110.290.020.34
Property, plant and equipment00.770.991.32
Lease right-of-use assets00.120.06
Intangible assets00.08
Other non-current assets00.10.110
Total assets0.111.261.251.73
Accounts payable00.020.140.72
Accrued liabilities0.010.040.030.06
Total current liabilities0.630.871.992.77
Lease liabilities00.070.01
Total liabilities1.221.462.653.36
Paid-in capital3941.543.650.3
Retained earnings-40.2-42.1-45.4-52.1
Shareholders' equity-1.11-0.19-1.4-1.63
Total equity-1.11-0.19-1.4-1.63
Total liabilities and equity0.111.261.251.73
Shares outstanding105419419101

Cash flow statement

FY2023FY2023FY2024FY2025
Net income-1.07-1.93-3.34-6.62
Depreciation and amortization00.040.180.25
Stock-based compensation00.490.085.33
Change in receivables0-0.33
Change in payables-00.020.120.23
Cash from operations-1.12-1.33-1.8-0.96
Capital expenditures0-0.8-0.38-0.23
Cash from investing-0-0.91-0.41-0.23
Stock issued02.340.961.04
Cash from financing1.172.4321.18
Net change in cash0.050.18-0.21-0.01
Free cash flow-1.12-2.14-2.18-1.19
Interest paid0000
Income taxes paid0000

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 $0.03 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin100.0%Gross profit / revenue.
Operating margin-1,801.0%Operating income / revenue.
EBITDA margin-1,337.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-2,417.0%Net income / revenue.
FCF margin-1,047.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-933.8%Cash from operations / revenue.
Return on assets (ROA)-109.1%Net income / average total assets.
Stock-based pay / revenue98.8%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue113.5%Capital expenditures / revenue.
D&A / revenue464.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y1,446.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y23.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y11,756.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y113.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y38.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y147.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y-61.4%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y14.9%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.02xCurrent assets / current liabilities.
Quick ratio0.02x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.02x(Cash + short-term investments) / current liabilities.
Liabilities / assets299.2%Total liabilities / total assets.
Working capital-$3.0MCurrent assets - current liabilities.
Tangible book value-$2.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.05xRevenue / average total assets.
Fixed asset turnover0.05xRevenue / average property, plant and equipment.
Days sales outstanding0 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.01Net 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$0.00Revenue / diluted weighted shares.
FCF per share-$0.01Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.01Cash from operations / diluted weighted shares.
Book value per share-$0.02Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.02Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.0MShare price x shares outstanding.
Enterprise value$2.9MMarket cap + total debt - cash - short-term investments.
P/S54.2xMarket cap / revenue.
EV/Sales52.9xEnterprise value / revenue.
FCF yield-19.3%Free cash flow / market cap.
Earnings yield-44.6%Net income / market cap (the inverse of P/E).
What was HNO International, Inc.'s revenue in fiscal 2025?

HNO International, Inc. reported revenue of $65.6K for fiscal 2025, 1,445.9% higher than the year before.

Was HNO International, Inc. profitable in fiscal 2025?

No. It reported a net loss of $6.6M.

How much free cash flow did HNO International, Inc. generate in fiscal 2025?

Cash from operations of $960.5K minus capital expenditures of $227.9K left free cash flow of -$1.2M.

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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