Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data PTL 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
74.8
102
98.1
71.6
Cost of revenue
73.7
100
95.7
70.7
Gross profit
1.11
1.92
2.41
0.91
Selling, general and administrative
0.75
0.83
1.42
2.75
Operating income
0.37
1.09
-4.75
-0.44
Interest income
0
0
0.01
Other non-operating income
0.03
0.01
0.01
-0.74
Pre-tax income
0.4
1.1
-4.75
-1.18
Income tax
0.01
0.16
0.23
Net income
0.39
0.94
-4.98
-1.18
EPS, basic
0.03
0.08
-0.43
-0.04
EPS, diluted
0.03
0.08
-0.43
-0.04
Shares, basic (weighted)
11.3
11.3
11.5
33.7
Shares, diluted (weighted)
11.3
11.3
11.5
33.7
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
0.09
1.14
4.79
1.09
Receivables
7.92
7.72
5.4
Other current assets
1.8
0.01
0.79
Total current assets
11
12.5
8.63
Lease right-of-use assets
0.04
0
Total assets
11
12.6
12.2
Accounts payable
9.27
11.4
3.19
Accrued liabilities
0
0.12
0.11
Total current liabilities
9.69
12
3.31
Lease liabilities
0
Total liabilities
9.69
12
3.31
Retained earnings
1.35
-3.63
Other comprehensive income
-3.63
-4.81
Shareholders' equity
0.41
1.35
0.61
8.89
Total equity
0.41
1.35
0.61
8.89
Total liabilities and equity
11
12.6
12.2
Shares outstanding
11.3
12.7
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
0.39
0.94
-4.98
-1.18
Stock-based compensation
0.94
Change in receivables
-1.55
-3.1
-5.54
-1.18
Cash from operations
-0.64
1.09
-0.76
-12.2
Stock issued
4.68
8.52
Cash from financing
-0.1
-0.04
4.41
8.52
Net change in cash
-0.75
1.05
3.65
-3.71
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $7.15 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
1.3%
Gross profit / revenue.
Operating margin
-0.6%
Operating income / revenue.
Pre-tax margin
-1.6%
Pre-tax income / revenue.
Net margin
-1.6%
Net income / revenue.
Operating cash flow margin
-17.1%
Cash from operations / revenue.
Return on equity (ROE)
-24.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-9.5%
Net income / average total assets.
Return on invested capital (ROIC)
-19.3%
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%.
SG&A / revenue
3.8%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-27.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-1.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-62.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-6.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
1,348.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
178.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-2.9%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
192.2%
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
44.2%
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
2.60x
Current assets / current liabilities.
Quick ratio
1.96x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.33x
(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.
EPS, basic
-$0.04
Net income per basic share, as reported (split-adjusted).
Revenue per share
$2.13
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.36
Cash from operations / diluted weighted shares.
Book value per share
$0.26
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.63x
Market cap / revenue.
P/B
5.05x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.05x
Market cap / tangible book value, when positive.
EV/Sales
0.61x
Enterprise value / revenue.
Earnings yield
-2.6%
Net income / market cap (the inverse of P/E).
What was PTL Ltd's revenue in fiscal 2025?
PTL Ltd reported revenue of $71.6M for fiscal 2025, 27% lower than the year before.
Was PTL Ltd profitable in fiscal 2025?
No. It reported a net loss 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.