SRTA (SRTA) financial statements
SRTA reported revenue of $197M in fiscal 2025, up 25.9% a year over 8 years.
Net income was $41M and the operating margin -11.3%, against -37.0% in 2019.
Free cash flow was -$59M.
The diluted share count rose 227% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SRTA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31M | — | $23M | — | $51M | $146M | $225M | $147M | $197M |
| Cost of revenue | $26M | — | $21M | — | $40M | $124M | $183M | $117M | $156M |
| Gross profit | $5M | — | $2M | — | $11M | $22M | $42M | $30M | $41M |
| Selling, general and admin | $15M | — | $12M | — | $33M | $70M | $106M | $51M | $61M |
| Operating income | -$12M | — | -$10M | -$678,487 | -$24M | -$54M | -$68M | -$23M | -$22M |
| Pre-tax income | -$11M | — | -$10M | -$20M | -$44M | -$28M | -$58M | -$16M | -$20M |
| Income tax | $0 | $208,612 | $0 | $210,465 | -$4M | -$772,000 | -$1M | $0 | $0 |
| Net income | -$11M | $2M | -$10M | -$21M | -$40M | -$27M | -$56M | -$27M | $41M |
| EPS (diluted) | -$0.43 | $0.19 | -$0.40 | -$2.17 | -$0.93 | -$0.38 | -$0.76 | -$0.35 | $0.50 |
| Diluted shares | 25M | 8M | 25M | 10M | 43M | 71M | 74M | 77M | 82M |
| Gross margin | 15.1% | — | 9.9% | — | 20.8% | 15.2% | 18.7% | 20.2% | 20.9% |
| Operating margin | -37.0% | — | -44.2% | — | -47.7% | -36.6% | -30.3% | -15.3% | -11.3% |
| Net margin | -34.7% | — | -43.4% | — | -79.3% | -18.7% | -24.9% | -18.6% | 21.0% |
Balance sheet
Fiscal years, from SRTA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $1M | $889,548 | $846,068 | $304M | $192M | $166M | $127M | $61M |
| Receivables | — | — | $1M | — | $4M | $11M | $21M | $20M | $40M |
| Total current assets | — | $1M | $14M | $896,068 | $314M | $218M | $206M | $161M | $126M |
| Property, plant and equipment | — | — | $2M | — | $2M | $2M | $3M | $28M | $36M |
| Goodwill | — | — | $0 | — | $13M | $39M | $13M | $16M | $88M |
| Total assets | $277M | $278M | $18M | $278M | $343M | $325M | $295M | $257M | $325M |
| Total current liabilities | $353,210 | $371,306 | $6M | $390,791 | $10M | $27M | $35M | $23M | $20M |
| Total liabilities | $10M | $26M | $7M | $47M | $52M | $51M | $61M | $35M | $46M |
| Shareholders' equity | $21M | $5M | $11M | $10M | $291M | $274M | $234M | $222M | $279M |
| Net debt | -$2M | -$1M | -$889,548 | -$846,068 | -$7M | -$41M | -$28M | -$18M | -$31M |
Cash flow
Fiscal years, from SRTA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | — | -$11M | -$794,467 | -$16M | -$37M | -$32M | -$3M | -$49M |
| Capital spending | $604,000 | — | $377,000 | — | $801,000 | $730,000 | $2M | $31M | $10M |
| Free cash flow | -$11M | — | -$11M | — | -$16M | -$38M | -$34M | -$33M | -$59M |
| Stock-based compensation | $317,000 | — | $490,000 | — | $10M | $8M | $13M | $20M | $18M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | -$244,000 | $0 |
| Free cash flow margin | -35.0% | — | -47.8% | — | -32.5% | -25.9% | -15.3% | -22.7% | -29.7% |
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Open SRTA in InvestinglyQuestions
What was SRTA's revenue in 2025?
$197M in fiscal 2025, from its 10-K filing.
How much free cash flow does SRTA generate?
-$59M in fiscal 2025 (operating cash flow minus capital spending).
From SRTA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.