Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Hub Cyber Security Ltd. 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
FY2020
FY2022
FY2022
FY2023
FY2024
Revenue
0.04
32.5
50
42.7
29.6
Cost of revenue
24.7
45.9
41.9
24.5
Gross profit
0.04
4.82
4.09
0.75
5.05
Research and development
1.42
5.8
5.57
5.89
2
Selling, general and administrative
0.15
4.04
9.46
1.54
1.69
Selling and marketing
0.02
General and administrative
0.15
3.88
9.46
1.54
1.69
Operating income
-2.67
-13
-80.4
-77.7
-26.2
Interest expense
0.1
0.3
1.38
7.19
12.6
Interest income
0.01
0.01
0.47
0.48
2.22
Pre-tax income
-2.76
-13.3
-81.3
-84.4
-36.6
Income tax
0.26
-0.78
0.17
0.56
Income from continuing operations
-13.5
-80.6
-84.6
-37.1
Net income to minority interests
0.39
-1.6
-0.81
Net income
-2.76
-13
-81.6
-87.4
-39.8
EPS, basic
-0.96
EPS, diluted
-0.04
-0.12
-0.96
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
1.26
14
3.99
3.52
3.09
Receivables
24.7
11
Inventory
1.84
1.9
Total current assets
49.8
33.2
20.1
18.4
Property, plant and equipment
1.15
1.31
1.04
0.49
Lease right-of-use assets
8.24
6.51
2.51
2.15
Goodwill
32
13.7
2.47
1.87
Intangible assets
5.42
4.34
Total assets
121
74.8
32.6
27.4
Accounts payable
9.66
25.3
32.4
Short-term debt
11.3
13.4
11.9
13.5
Total current liabilities
38
57.8
80.5
106
Lease liabilities
6.06
5
1.71
1.21
Total liabilities
17
8.15
8.89
108
Total debt
11.3
13.4
11.9
13.5
Paid-in capital
1.1
10.4
10.9
10.9
Retained earnings
-17.4
-99
-186
-226
Shareholders' equity
64.8
6.41
-53.5
-80.8
Minority interests
0.99
2.4
2.78
-0.03
Total equity
0.65
65.8
8.81
-50.7
-80.8
Total liabilities and equity
121
74.8
32.6
27.4
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
Net income
-2.76
-13.6
-80
-86.6
-39
Cash from operations
-2.86
-5.28
-23.4
-16.2
-17.1
Capital expenditures
-0.02
-0.45
-0.62
-0.3
-0.08
Cash from investing
-0.02
-16
-6.55
2.14
-0.45
Debt issued
1.78
Debt repaid
-0.38
-1.21
-4.97
Stock issued
1.96
34.6
18.8
2.38
Dividends paid
-0.1
Cash from financing
2.31
32.7
20.7
12.9
17.2
Exchange rate effect
0.1
1.27
-0.66
0.67
-0.05
Net change in cash
-0.47
12.7
-9.98
-0.47
-0.44
Free cash flow
-2.88
-5.73
-24.1
-16.5
-17.2
Interest paid
0.01
0.32
0.81
0.72
0.28
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $1.90 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
17.1%
Gross profit / revenue.
Operating margin
-88.7%
Operating income / revenue.
Pre-tax margin
-123.8%
Pre-tax income / revenue.
Net margin
-134.5%
Net income / revenue.
FCF margin
-58.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-57.9%
Cash from operations / revenue.
Return on assets (ROA)
-132.5%
Net income / average total assets.
R&D / revenue
6.8%
Research and development expense / revenue.
SG&A / revenue
5.7%
Selling, general and administrative expense / revenue.
Capex / revenue
0.3%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-30.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-3.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
572.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
1.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-15.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-39.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.17x
Current assets / current liabilities.
Quick ratio
0.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Debt / assets
49.4%
Total debt / total assets.
Liabilities / assets
394.8%
Total liabilities / total assets.
Net debt
$10.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Market cap + total debt - cash - short-term investments.
P/S
2.15x
Market cap / revenue.
EV/Sales
2.50x
Enterprise value / revenue.
FCF yield
-27.1%
Free cash flow / market cap.
Earnings yield
-62.6%
Net income / market cap (the inverse of P/E).
What was Hub Cyber Security Ltd.'s revenue in fiscal 2024?
Hub Cyber Security Ltd. reported revenue of $29.6M for fiscal 2024, 30.7% lower than the year before.
Was Hub Cyber Security Ltd. profitable in fiscal 2024?
No. It reported a net loss of $39.8M.
How much free cash flow did Hub Cyber Security Ltd. generate in fiscal 2024?
Cash from operations of $17.1M minus capital expenditures of $84.0K left free cash flow of -$17.2M.
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.