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Financial statements

Summit Networks Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Summit Networks 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0.050.030.01
Cost of revenue0.030.020.01
Gross profit0.020.01-0
Selling, general and administrative0.030.020.090.37
General and administrative0.370.130.570.110.170.230.32
Operating income-0.01-0.01-0.09-0.37-0.13-0.57-0.11-0.17-0.23-0.32
Interest expense0.01
Other non-operating income0.190.01-0.01
Pre-tax income-0.01-0.01-0.09-0.38-0.13-0.22-0.33
Net income-0.01-0.01-0.09-0.38-0.13-0.45-0.110.02-0.22-0.33
EBITDA-0.01-0.01-0.09-0.57-0.1-0.17-0.23-0.32
EPS, basic0.00-0.00-0.02-0.060.00-0.010.000.000.00-0.05
EPS, diluted0.00-0.00-0.02-0.060.00-0.010.000.000.00-0.05
Shares, basic (weighted)44344353.66162.761.96267.188.768.9
Shares, diluted (weighted)44344353.66162.761.96267.188.768.9

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents00.0200.30.080.010.150.050.09
Short-term investments0
Inventory0
Other current assets0.010.02
Total current assets00.0200.310.080.010.162.680.11
Property, plant and equipment0.010.010.0100
Total assets0.020.010.0300.310.080.010.162.680.12
Accounts payable0.020.030.010.140.180.120.010.05
Accrued liabilities00.02
Total current liabilities0.010.10.090.530.740.770.70.591.01
Total liabilities00.010.10.090.220.740.770.70.591.01
Paid-in capital0.040.040.010.360.360.390.390.593.410.88
Retained earnings-0.03-0.04-0.14-0.51-0.64-1.11-1.22-1.19-1.41-1.84
Shareholders' equity0.020-0.06-0.09-0.22-0.65-0.76-0.542.09-0.89
Total equity0.020-0.06-0.09-0.22-0.65-0.76-0.542.09-0.89
Total liabilities and equity0.020.010.0300.310.080.010.162.680.12
Shares outstanding443443616164626267.188.768.9

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-0.01-0.01-0.09-0.38-0.13-0.45-0.110.02-0.22-0.33
Depreciation and amortization00000000
Stock-based compensation0.03
Deferred income tax-00
Change in receivables0
Change in payables00.010.020.02-0.020.130.030.110.010.02
Cash from operations-0.01-0-0.08-0.34-0.16-0.39-0.07-0.06-0.2-0.27
Capital expenditures-0.01-0.01
Cash from investing-0-0.01-0.01
Stock issued0.030.20.1
Cash from financing0.1-0.320.470.180.20.10.33
Net change in cash-0.01-00.02-0.020.3-0.21-0.070.14-0.10.06
Free cash flow-0.39-0.27
Interest paid0.01

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 $0.13 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-172.4%Net income / average total assets.

Growth

MetricValueHow it is calculated
Total assets CAGR, 3y136.5%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-17.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change per year, 3y3.6%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, 5y1.9%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.14xCurrent assets / current liabilities.
Quick ratio0.12x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.12x(Cash + short-term investments) / current liabilities.
Liabilities / assets680.5%Total liabilities / total assets.
Interest coverage-13.2xOperating income / interest expense.
Working capital-$1.0MCurrent assets - current liabilities.
Tangible book value-$1.0MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.00Net 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-$0.00Cash from operations / diluted weighted shares.
Book value per share-$0.02Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.02Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$9.0MShare price x shares outstanding.
Enterprise value$8.9MMarket cap + total debt - cash - short-term investments.
Earnings yield-3.4%Net income / market cap (the inverse of P/E).
What was Summit Networks Inc.'s revenue in fiscal 2025?

Summit Networks Inc. reported revenue of $11.8K for fiscal 2025.

Was Summit Networks Inc. profitable in fiscal 2025?

No. It reported a net loss of $331.1K.

How much free cash flow did Summit Networks Inc. generate in fiscal 2025?

Cash from operations of $265.8K minus capital expenditures of $6.9K left free cash flow of -$272.7K.

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.

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