SRXH (SRXH) financial statements
SRXH reported revenue of $7M in fiscal 2025, up 188.3% a year over 9 years.
Net income was -$45M and the operating margin -174.6%, against -111134.1% in 2018.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SRXH's 10-K filings with the SEC.
| Fiscal year | 2018 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $475 | $15M | $16M | $43M | $46M | $55M | $39M | — | $35M | $7M |
| Cost of revenue | $211 | $7M | $10M | $26M | $31M | $39M | $27M | — | $22M | $5M |
| Gross profit | $264 | $7M | $6M | $16M | $15M | $15M | $12M | — | $13M | $2M |
| Research and development | — | — | — | $100,000 | $500,000 | $500,000 | $100,000 | — | $100,000 | — |
| Selling, general and admin | $528,151 | $11M | $30M | $34M | $29M | $35M | $24M | — | $19M | $13M |
| Operating income | -$527,887 | -$5M | -$36M | -$27M | -$17M | -$39M | -$21M | — | -$6M | -$11M |
| Interest expense | $532,907 | $868,000 | $700,000 | $9M | — | $551,000 | $1M | — | $467,000 | $628,000 |
| Pre-tax income | -$1M | — | — | -$59M | $3M | -$39M | -$23M | — | -$159,000 | -$9M |
| Income tax | $0 | — | $0 | $0 | $37,000 | -$18,000 | $2,000 | — | $9,000 | — |
| Net income | -$3M | -$6M | -$184M | -$59M | $3M | -$39M | -$23M | -$43M | -$168,000 | -$45M |
| EPS (diluted) | -$0.10 | -$0.05 | -$0.55 | -$0.73 | $0.01 | -$5.89 | -$3.23 | -$1.95 | -$0.01 | -$2.13 |
| Diluted shares | 30M | 115M | 332M | 82M | 219M | 7M | 7M | 22M | 16M | 21M |
| Gross margin | 55.6% | 49.3% | 37.6% | 37.8% | 33.4% | 27.9% | 30.6% | — | 37.1% | 23.4% |
| Operating margin | -111134.1% | -34.9% | -233.2% | -64.2% | -37.6% | -71.0% | -54.9% | — | -17.1% | -174.6% |
| Net margin | -621225.1% | -40.8% | -1184.2% | -139.3% | 7.4% | -71.9% | -59.0% | — | -0.5% | -688.8% |
Balance sheet
Fiscal years, from SRXH's 10-K filings with the SEC.
| Fiscal year | 2018 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $199,674 | $4M | $2M | $4M | $22M | $3M | $4M | $106,000 | $3M | $1M |
| Receivables | — | $116,000 | $6M | $5M | $7M | $7M | $4M | $9M | $5M | $4M |
| Inventory | $9,402 | $2M | $7M | $5M | $5M | $10M | $7M | $3M | $4M | $2M |
| Total current assets | $209,076 | $6M | $18M | $18M | $44M | $28M | $16M | $14M | $15M | $8M |
| Property, plant and equipment | — | $71,000 | $417,000 | $252,000 | $369,000 | $375,000 | $230,000 | $6M | $138,000 | $88,000 |
| Goodwill | — | $0 | $19M | $19M | $19M | $0 | — | $405,000 | $405,000 | — |
| Total assets | $209,076 | $6M | $54M | $51M | $75M | $39M | $17M | $34M | $16M | $8M |
| Total current liabilities | $3M | $9M | $33M | $55M | $7M | $6M | $14M | $81M | $7M | $4M |
| Long-term debt | $0 | $0 | $16M | $25M | $9M | $11M | — | $696,000 | $2M | $0 |
| Total liabilities | $3M | $9M | $50M | $79M | $17M | $17M | $14M | $89M | $7M | $8M |
| Shareholders' equity | -$3M | -$3M | -$7M | -$28M | $58M | $22M | $3M | -$55M | -$64M | $407,000 |
| Net debt | $827,528 | -$4M | $35M | $29M | -$11M | $8M | $167,000 | $32M | $2M | -$1M |
Cash flow
Fiscal years, from SRXH's 10-K filings with the SEC.
| Fiscal year | 2018 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$842,446 | -$7M | -$21M | -$8M | -$12M | -$21M | $97,000 | -$1M | -$4M | -$8M |
| Capital spending | — | $31,000 | $110,000 | $151,000 | $353,000 | $198,000 | $18,000 | $1M | $41,000 | — |
| Free cash flow | — | -$7M | -$21M | -$8M | -$12M | -$21M | $79,000 | -$3M | -$4M | — |
| Stock-based compensation | — | $431,000 | $10M | $9M | $4M | $3M | $2M | $4M | $833,000 | $3M |
| Share buybacks (net) | $0 | — | — | $0 | -$2M | $0 | — | — | — | — |
| Net borrowing | — | — | — | $2M | $0 | — | — | — | — | — |
| Free cash flow margin | — | -46.9% | -135.3% | -18.0% | -26.5% | -38.0% | 0.2% | — | -12.6% | — |
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What was SRXH's revenue in 2025?
$7M in fiscal 2025, from its 10-K filing.
From SRXH's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.