Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NewHydrogen, 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Research and development
0.23
0.18
0.24
0.26
0.18
1.22
1.1
0.2
0.36
0.62
Selling and marketing
0.11
0.32
0.4
General and administrative
2.1
1.66
0.42
0.43
0.45
51.2
11
2.86
1.13
1.83
Operating expenses
2.33
1.85
0.7
0.7
0.63
52.5
12.1
3.18
1.81
2.85
Operating income
-2.33
-1.85
-0.7
-0.7
-0.63
-52.5
-12.1
-3.18
-1.81
-2.85
Interest expense
0.61
0.35
0.39
0.95
0.88
0.57
Interest income
0
0
0
0
0
0
0
0
0
0
Other non-operating income
2.53
-0.94
-9.17
4.82
-140
62.6
0
0
0
0
Pre-tax income
0.2
-2.79
0
0
Income tax
0
0
0
0
0
Net income
0.2
-2.79
-9.87
4.12
-141
10.2
-12.1
-3.18
-1.81
-2.85
EBITDA
-2.32
-1.84
-0.69
-0.69
-0.63
-52.5
-12.1
-3.18
-1.81
-2.84
EPS, basic
0.01
-0.08
-0.18
0.04
-0.50
0.02
-0.02
0.00
0.00
0.00
EPS, diluted
0.01
-0.08
-0.18
0.01
-0.50
0.01
-0.02
0.00
0.00
0.00
Shares, basic (weighted)
23
35.8
53.7
92
281
652
705
705
705
722
Shares, diluted (weighted)
39.1
35.8
53.7
680
281
1,118
705
705
705
722
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.21
0.12
0.08
0.06
0.06
6.65
4.83
3.68
2.1
1.44
Other current assets
0.02
0.02
0.02
0.03
0.06
0.01
0.01
0.01
0.01
0.01
Total current assets
0.23
0.14
0.11
0.09
0.12
6.66
4.85
3.69
2.11
1.44
Property, plant and equipment
0.01
0.01
0.01
0.01
0.01
0
0
0
0
0
Intangible assets
0.07
0.07
0.04
0.03
0.03
0.03
0.02
0.02
0.02
0.02
Other non-current assets
0.02
0.02
Total assets
0.32
0.22
0.15
0.13
0.16
6.69
4.87
3.71
2.13
1.46
Accounts payable
0.02
0.03
0
0
0
0
Accrued liabilities
0.24
0.41
0.64
0.83
0.99
Short-term debt
2.19
0.49
0.39
0.28
Total current liabilities
5.63
6.08
15.2
10.1
151
0
0
0.01
0.01
0.01
Long-term debt
0.4
1.98
2.21
2.49
Total liabilities
6.96
7.87
17.2
12.3
152
0
3.49
0.01
3.49
3.5
Total debt
1.79
2.47
2.6
2.76
Paid-in capital
9.35
11.1
11.6
12.3
13.1
164
174
176
177
179
Retained earnings
-16
-18.8
-28.7
-24.5
-165
-161
-173
-176
-178
-181
Shareholders' equity
-6.64
-7.65
-17
-12.2
-152
3.2
1.39
0.22
-1.36
-2.04
Total equity
-6.64
-7.65
-17
-12.2
-152
3.2
1.39
0.22
-1.36
-2.04
Total liabilities and equity
0.32
0.22
0.15
0.13
0.16
6.69
4.87
3.71
2.13
1.46
Shares outstanding
29.5
41.5
60.6
134
456
715
715
705
705
768
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
0.2
-2.79
-9.87
4.12
141
10.2
-12.1
-3.18
-1.81
-2.85
Depreciation and amortization
0
0.01
0.01
0.01
0
0
0
0
0
0
Stock-based compensation
1.57
1.27
0
0
50.2
10.3
2.01
0.23
0.85
Change in payables
0.01
0.02
-0.03
-0
-0
0
-0
0.01
-0
0
Cash from operations
-0.67
-0.56
-0.63
-0.72
-0.65
-2.08
-1.81
-1.16
-1.57
-1.99
Capital expenditures
-0
-0.01
Cash from investing
-0.01
-0
-0.01
Stock issued
8.78
Cash from financing
0.69
0.47
0.6
0.7
0.65
8.67
0
1.33
Net change in cash
0.01
-0.09
-0.04
-0.02
0
6.58
-1.81
-1.16
-1.57
-0.67
Free cash flow
-0.67
-0.64
Interest paid
0
0
0
0
0
0.46
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 $0.02 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-431.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-31.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-33.1%
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
56.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
2.4%
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
0.8%
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, 5y
20.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
123x
Current assets / current liabilities.
Quick ratio
115x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
115x
(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.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-27.1%
Net income / market cap (the inverse of P/E).
Was NewHydrogen, Inc. profitable in fiscal 2025?
No. It reported a net loss of $2.8M.
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.