Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Pinnacle Food Group 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
FY2022
FY2024
FY2024
FY2025
Revenue
0.18
2.1
3.29
3.41
Cost of revenue
0.16
0.82
1.73
2.11
Gross profit
0.02
1.28
1.56
1.31
Research and development
0
0.06
0.17
Selling, general and administrative
0
0
0.07
0.61
General and administrative
0.22
0.23
0.82
2.44
Operating income
-0.2
1.05
0.61
-1.92
Other non-operating income
-0
0.09
-0.13
0.12
Pre-tax income
-0.21
1.14
0.49
-1.81
Income tax
0.22
0.2
0.1
Net income
-0.21
0.92
0.29
-1.9
EBITDA
-0.2
1.17
0.81
-1.76
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
0.01
0.12
0.69
0.94
Receivables
1.91
2.95
4.15
Inventory
0.06
0.02
0.03
Other current assets
0.01
0.01
0.03
Total current assets
2.13
3.9
5.32
Property, plant and equipment
1.03
0.76
2.47
Lease right-of-use assets
0.24
0.16
0.68
Intangible assets
0.42
0.26
1.73
Total assets
3.82
5.6
10.3
Accounts payable
2.39
1.82
1.37
Accrued liabilities
0
0
0.01
Deferred revenue
0.07
0.01
0.09
0.01
Total current liabilities
2.98
2.9
2.42
Lease liabilities
0.18
0.11
0.51
Total liabilities
3.26
3.05
3.93
Total debt
1.02
Paid-in capital
-2.27
-0.47
5.23
Retained earnings
0.53
0.82
-1.08
Other comprehensive income
0.02
0.11
0.03
Shareholders' equity
-2.58
-1.71
0.47
4.17
Total equity
-2.58
-1.71
0.47
4.17
Total liabilities and equity
3.82
5.6
10.3
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
-0.21
0.92
0.29
-1.9
Depreciation and amortization
0
0.12
0.2
0.16
Stock-based compensation
0.04
Deferred income tax
0.1
-0.06
-0.05
Change in receivables
0
-1.91
-1.35
-1.21
Change in inventory
-0.05
-0.06
0.04
-0.04
Change in payables
-0
0.82
0.69
-1.27
Cash from operations
-0.09
0.06
0.2
-3.59
Capital expenditures
-0.02
-0
-0.8
-1.73
Cash from investing
-0.02
-0
-1.1
-2.76
Stock issued
1.8
6.38
Cash from financing
0.09
0.04
1.48
6.68
Exchange rate effect
0.02
0.01
-0.03
-0.08
Net change in cash
0.01
0.11
0.56
0.26
Free cash flow
-0.11
0.06
-0.59
-5.31
Interest paid
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.99 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
38.3%
Gross profit / revenue.
Operating margin
-56.3%
Operating income / revenue.
EBITDA margin
-51.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-52.9%
Pre-tax income / revenue.
Net margin
-55.8%
Net income / revenue.
FCF margin
-155.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-105.1%
Cash from operations / revenue.
Return on equity (ROE)
-82.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-24.0%
Net income / average total assets.
Return on invested capital (ROIC)
-75.3%
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 / revenue
5.0%
Research and development expense / revenue.
SG&A / revenue
18.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
50.6%
Capital expenditures / revenue.
D&A / revenue
4.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
168.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-16.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
324.9%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-412.6%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-315.8%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-765.4%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-1,855.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
794.4%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
83.5%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.20x
Current assets / current liabilities.
Quick ratio
2.11x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.39x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.24x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
9.9%
Total debt / total assets.
Liabilities / assets
38.2%
Total liabilities / total assets.
Net debt
$78.5K
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Valuation
Metric
Value
How it is calculated
Market cap
$35.1M
Share price x shares outstanding.
Enterprise value
$35.2M
Market cap + total debt - cash - short-term investments.
P/S
10.3x
Market cap / revenue.
P/B
8.41x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
14.4x
Market cap / tangible book value, when positive.
EV/Sales
10.3x
Enterprise value / revenue.
FCF yield
-15.1%
Free cash flow / market cap.
Earnings yield
-5.4%
Net income / market cap (the inverse of P/E).
What was Pinnacle Food Group Ltd's revenue in fiscal 2025?
Pinnacle Food Group Ltd reported revenue of $3.4M for fiscal 2025, 3.7% higher than the year before.
Was Pinnacle Food Group Ltd profitable in fiscal 2025?
No. It reported a net loss of $1.9M.
How much free cash flow did Pinnacle Food Group Ltd generate in fiscal 2025?
Cash from operations of $3.6M minus capital expenditures of $1.7M left free cash flow of -$5.3M.
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.