Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Kinetic Seas 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
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
0
0
0
0.21
0.07
Cost of revenue
0
0
0
0.16
0.07
Gross profit
0
0
0
0.05
0.35
Selling, general and administrative
0.04
0.08
0.12
0.51
0.55
Operating expenses
0.04
0.08
0.12
3.82
1.55
Operating income
-0.04
-0.08
-0.12
-3.77
-1.2
Interest expense
0
0.02
0.04
0.13
0.11
Other non-operating income
0.06
-0.02
-0.04
-0.13
-0.03
Net income
0.02
-0.09
-0.16
-3.9
-1.24
EBITDA
-0.08
-0.12
-3.74
-1.16
EPS, basic
0.00
-0.02
-0.03
-0.18
-0.05
EPS, diluted
0.00
-0.02
-0.03
-0.18
-0.05
Shares, basic (weighted)
141
3.05
4.33
21.6
24.5
Shares, diluted (weighted)
141
3.05
4.33
21.6
24.5
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0
0
0.02
0
0.01
Receivables
0
0.02
0
Other current assets
0
0.04
Total current assets
0
0
0.02
0.04
0.05
Property, plant and equipment
0
0.01
0.08
0.05
Lease right-of-use assets
0
0.07
0.05
Total assets
0
0
0.03
0.19
10.6
Accounts payable
0
0.01
0
0.22
0.2
Accrued liabilities
0.03
0.03
0.03
1.48
0
Total current liabilities
0.07
0.16
0.23
2.16
2.89
Lease liabilities
0
0.05
0.03
Other non-current liabilities
0
0.07
Total liabilities
0.07
0.16
0.23
2.21
11
Paid-in capital
0.8
0.8
0.92
2.99
5.9
Retained earnings
-0.86
-0.96
-1.12
-5.01
-6.25
Shareholders' equity
-0.06
-0.16
-0.2
-2.02
-0.35
Total equity
-0.06
-0.16
-0.2
-2.02
-0.35
Total liabilities and equity
0
0
0.03
0.19
10.6
Shares outstanding
141
3.05
26.6
16.3
52.8
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
0.02
-0.09
-0.16
-3.9
-1.24
Depreciation and amortization
0
0
0.03
0.04
Stock-based compensation
0.02
0
0
1.13
2.39
Change in receivables
0
-0.02
0.02
Change in payables
-0.02
0.01
-0.01
0.22
-0.02
Cash from operations
-0.03
-0.06
-0.13
-1.07
-0.55
Capital expenditures
0
-0.01
-0.1
0
Cash from investing
0
-0.01
-0.1
0
Stock issued
0.07
0.91
0.26
Cash from financing
0.03
0.06
0.16
1.16
0.56
Net change in cash
0
-0
0.02
-0.01
0
Free cash flow
-0.06
-0.15
-1.17
-0.55
Interest paid
0
0
Income taxes paid
0
0
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 $0.03 on October 9, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
132.7%
Gross profit / revenue.
Operating margin
40.1%
Operating income / revenue.
EBITDA margin
43.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-95.1%
Net income / revenue.
Operating cash flow margin
-70.5%
Cash from operations / revenue.
Return on assets (ROA)
-11.8%
Net income / average total assets.
SG&A / revenue
68.8%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
149.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
3.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-66.2%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
564.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
5,471.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
1,876.0%
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
13.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
100.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.21x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
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
$0.02
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.01
Cash from operations / diluted weighted shares.
Book value per share
-$0.02
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.43x
Market cap / revenue.
EV/Sales
1.43x
Enterprise value / revenue.
EV/EBIT
3.57x
Enterprise value / operating income, when both are positive.
EV/EBITDA
3.28x
Enterprise value / EBITDA, when both are positive.
Earnings yield
-66.4%
Net income / market cap (the inverse of P/E).
What was Kinetic Seas Inc.'s revenue in fiscal 2025?
Kinetic Seas Inc. reported revenue of $71.3K for fiscal 2025, 66.2% lower than the year before.
Was Kinetic Seas Inc. profitable in fiscal 2025?
No. It reported a net loss of $1.2M.
How much free cash flow did Kinetic Seas Inc. generate in fiscal 2025?
Cash from operations of $553.9K minus capital expenditures of $0.0 left free cash flow of -$553.9K.
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.