HLSQ revenueQ2 2026$332.0K
HLSQ revenue was $332.0K in fiscal Q2 2026 (ended Jun 30, 2026).
Tessera Defense and Homeland Security Inc. (HLSQ) financials
For the twelve months ended Jun 30, 2026, Tessera Defense and Homeland Security Inc. reported -$45.49M of net income.
- Net income, TTM
- -$45.49M
- Cash
- $347.0K
- Total debt
- $457.0K
- Market cap
- $3.5M
FY2019FY2025
FY2019FY2025
HLSQ revenue and earnings growth
HLSQ net incomeQ2 2026-$3.85M
HLSQ net income was -$3.85M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$6.04M a year earlier. For the full fiscal 2025 it was -$36.20M, compared with -$17.73M in fiscal 2024.
HLSQ EPSQ2 2026$0.37
HLSQ diluted EPS was $0.37 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was $22.19.
HLSQ free cash flowQ4 2025-$4.39M
HLSQ free cash flow was -$4.39M in fiscal Q4 2025 (ended Dec 31, 2025), compared with -$6.30M a year earlier. For the full fiscal 2025 it was -$26.39M, compared with -$37.01M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Research and development | $21.29M | $24.66M | $16.70M | $16.24M | $22.68M | $19.42M | $13.49M |
| Selling, general and admin | $9.63M | $11.78M | $8.65M | $9.46M | $11.27M | $9.32M | $8.72M |
| Operating income | -$41.47M | -$44.52M | -$25.35M | -$27.22M | -$35.46M | -$30.26M | -$22.21M |
| Interest expense | $20.0K | $873.0K | $2.40M | $2.07M | $699.0K | - | - |
| Pre-tax income | -$36.19M | -$17.71M | -$26.15M | -$28.25M | -$36.16M | -$30.09M | -$20.56M |
| Income tax | $7.0K | $13.0K | $23.0K | $65.0K | $67.0K | - | - |
| Net income | -$36.20M | -$17.73M | -$26.17M | -$28.32M | -$36.23M | -$30.09M | -$20.56M |
| EPS, basic | $22.19 | $25.37 | $88.40 | $164.67 | $240.93 | $225.33 | $634.40 |
| EPS, diluted | $22.19 | $58.31 | $88.40 | $164.67 | $240.93 | $225.33 | $634.40 |
| Diluted shares | 1.6M | 757,749 | 296,139.981 | 172,234.633 | 150,045.848 | 133,051.246 | 32,399.169 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.36M | $17.98M | $15.86M | $32.29M | $63.09M | $37.24M | $72.41M |
| Short-term investments | - | - | - | $2.00M | - | $19.85M | $10.00M |
| Current assets | $5.58M | $20.52M | $17.63M | $36.88M | $66.64M | $60.67M | $84.53M |
| Goodwill | - | $801.0K | - | - | - | - | - |
| Total assets | $5.78M | $43.23M | $25.03M | $45.53M | $77.99M | $70.36M | $92.12M |
| Current liabilities | $6.38M | $8.27M | $11.18M | $7.94M | $11.04M | $7.16M | $6.22M |
| Short-term debt | - | - | $5.79M | $4.28M | - | - | $375.0K |
| Long-term debt | - | - | $5.40M | $10.59M | $14.41M | $5.03M | $856.0K |
| Total debt | - | - | $11.19M | $14.87M | $14.41M | $5.03M | $1.23M |
| Total liabilities | $7.08M | $19.09M | - | - | - | - | - |
| Shareholders' equity | -$1.30M | $24.15M | $3.08M | $21.04M | $47.53M | $57.47M | $84.46M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26.39M | -$36.98M | -$21.29M | -$29.09M | -$27.57M | -$24.45M | -$17.58M |
| Capital expenditures | $2.0K | $30.0K | $50.0K | $112.0K | $3.68M | $1.01M | $1.31M |
| Free cash flow | -$26.39M | -$37.01M | -$21.34M | -$29.20M | -$31.25M | -$25.46M | -$18.89M |
| Investing cash flow | $108.0K | $715.0K | $1.95M | -$2.11M | $16.17M | -$10.86M | $19.74M |
| Financing cash flow | $13.19M | $38.37M | $2.90M | $292.0K | $37.28M | $134.0K | $61.55M |
| Stock-based compensation | $2.09M | $1.85M | $1.06M | $1.53M | $3.24M | $2.89M | $938.0K |
| Depreciation and amortization | - | - | $871.0K | $2.52M | $2.56M | -$1.32M | $317.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| EPS growth, YoY | - | - | - | -31.7% | 6.9% | - | - |
| Return on equity | - | -73.4% | -849.4% | -134.6% | -76.2% | -52.4% | -24.3% |
| Return on assets | -626.0% | -41.0% | -104.6% | -62.2% | -46.4% | -42.8% | -22.3% |
| Current ratio | 0.87 | 2.48 | 1.58 | 4.65 | 6.03 | 8.47 | 13.58 |
| Debt to equity | - | - | 3.63 | 0.71 | 0.30 | 0.09 | 0.01 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332.0K | $0 | - | - | - | - | - | - | - | - | - | - |
| Cost of revenue | $235.0K | $0 | - | - | - | - | - | - | - | - | - | - |
| Gross profit | $97.0K | $0 | - | - | - | - | - | - | - | - | - | - |
| Research and development | - | - | $4.91M | $6.12M | $5.01M | $5.25M | $6.38M | $7.28M | $6.90M | $4.11M | $2.67M | $5.64M |
| Selling, general and admin | $5.38M | $1.61M | $2.29M | $2.41M | $2.42M | $2.51M | $3.02M | $3.25M | $2.83M | $2.68M | $2.60M | $2.15M |
| Operating income | -$5.41M | -$1.30M | -$17.74M | -$8.54M | -$7.43M | -$7.76M | -$16.68M | -$11.33M | -$9.72M | -$6.79M | -$5.27M | -$7.79M |
| Interest expense | $20.0K | $192.0K | $5.0K | $5.0K | $5.0K | $5.0K | $5.0K | $5.0K | $13.0K | $850.0K | $520.0K | $574.0K |
| Pre-tax income | -$3.85M | -$19.14M | -$13.34M | -$9.16M | -$6.04M | -$7.66M | -$14.51M | $9.64M | $4.48M | -$17.32M | -$5.49M | -$7.90M |
| Income tax | - | - | $1.0K | $3.0K | $2.0K | $1.0K | $3.0K | $0 | $5.0K | $5.0K | $1.0K | $8.0K |
| Net income | -$3.85M | -$19.14M | -$13.34M | -$9.17M | -$6.04M | -$7.66M | -$14.51M | $9.64M | $4.47M | -$17.33M | -$5.49M | -$7.91M |
| EPS, basic | $0.37 | $7.38 | - | $5.03 | $3.66 | $6.27 | - | -$5.37 | -$2.43 | $48.19 | - | $22.53 |
| EPS, diluted | $0.37 | $7.38 | - | $5.03 | $3.66 | $6.27 | - | -$5.37 | $11.96 | $48.19 | - | $22.53 |
| Diluted shares | 10.3M | - | - | 1.8M | 1.6M | 1.3M | - | 945,440.365 | 620,203.5 | 359,378.538 | - | 349,544.654 |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $347.0K | $1.17M | $4.36M | $6.92M | $14.05M | $20.12M | $17.98M | $23.54M | $31.61M | $43.01M | $15.86M | $22.45M |
| Short-term investments | $225.0K | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | $327.0K | - | - | - | - | - | - | - | - | - | - | - |
| Current assets | $2.42M | $3.04M | $5.58M | $8.86M | $16.64M | $23.53M | $20.52M | $28.32M | $35.08M | $47.10M | $17.63M | $25.30M |
| Goodwill | - | - | - | - | - | - | $801.0K | $801.0K | $15.79M | $15.79M | - | - |
| Total assets | $28.19M | $3.25M | $5.78M | $26.17M | $38.05M | $45.65M | $43.23M | $59.98M | $68.62M | $81.61M | $25.03M | $33.06M |
| Current liabilities | $10.18M | $2.45M | $6.38M | $5.23M | $6.26M | $7.02M | $8.27M | $8.94M | $7.30M | $10.71M | $11.18M | $12.78M |
| Short-term debt | $210.0K | - | - | - | - | - | - | - | - | - | $5.79M | - |
| Long-term debt | $247.0K | - | - | - | - | - | - | - | - | - | $5.40M | $6.82M |
| Total debt | $457.0K | - | - | - | - | - | - | - | - | - | $11.19M | $6.82M |
| Total liabilities | $10.56M | $4.13M | $7.08M | - | $18.89M | $21.16M | $19.09M | - | - | - | - | - |
| Shareholders' equity | $10.87M | -$881.0K | -$1.30M | $10.49M | $19.16M | $24.50M | $24.15M | $37.90M | $27.43M | -$9.54M | $3.08M | $8.15M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.17M | -$5.41M | -$4.39M | -$7.18M | -$6.11M | -$8.71M | -$6.29M | -$8.10M | -$11.24M | -$11.36M | -$6.24M | -$5.92M |
| Capital expenditures | - | - | $0 | - | - | - | $11.0K | $10.0K | - | - | $7.0K | $32.0K |
| Free cash flow | - | - | -$4.39M | - | - | - | -$6.30M | -$8.11M | - | - | -$6.25M | -$5.95M |
| Investing cash flow | -$556.0K | -$996.0K | $1.0K | -$2.0K | $58.0K | $51.0K | -$1.0K | -$1.0K | $54.0K | $663.0K | -$6.0K | -$32.0K |
| Financing cash flow | $905.0K | $2.62M | $1.25M | $54.0K | -$29.0K | $11.91M | -$398.0K | $0 | -$203.0K | $38.98M | -$1.32M | -$1.31M |
| Stock-based compensation | $3.99M | -$1.93M | $298.0K | $438.0K | $696.0K | $659.0K | $765.0K | $829.0K | $77.0K | $177.0K | $418.0K | $195.0K |
| Depreciation and amortization | - | - | - | - | - | - | - | $322.0K | $331.0K | $229.0K | $212.0K | $219.0K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 29.2% | - | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1630.7% | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | -1158.4% | - | - | - | - | - | - | - | - | - | - | - |
| Current ratio | 0.24 | 1.24 | 0.87 | 1.70 | 2.66 | 3.35 | 2.48 | 3.17 | 4.80 | 4.40 | 1.58 | 1.98 |
| Debt to equity | 0.04 | - | - | - | - | - | - | - | - | - | 3.63 | 0.84 |
Source: XBRL data Tessera Defense and Homeland Security Inc. files with the SEC, latest filing dated Aug 19, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 14, 2024; 3-for-52, first reported Feb 19, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
HLSQ peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HLSQ | - | - | -$45.49M | - | $3.5M |
| AMGN | $38.90B | +8.2% | $9.39B | 24.1% | $249.05B |
| GILD | $30.99B | +6.5% | -$3.86B | -12.5% | $207.00B |
| MRNA | $2.52B | +13.1% | -$2.79B | -110.5% | $101.48B |
| ARGX | $4.25B | +88.6% | $1.29B | 30.4% | $57.55B |
| RVMD | $0 | - | -$1.13B | - | $41.59B |
| BIIB | $10.30B | +2.3% | $347.50M | 3.4% | $36.71B |
| BNTX | €2.87B | +4.3% | -€1.14B | -39.6% | $21.98B |
| EXEL | $2.50B | +9.1% | $885.14M | 35.5% | $16.98B |
HLSQ FAQ
4 questionsIs HLSQ profitable?
No. Tessera Defense and Homeland Security Inc. reported a net loss of $45.49M for the twelve months ended Jun 30, 2026.How much cash and debt does HLSQ have?
Tessera Defense and Homeland Security Inc. reported $347.0K in cash and cash equivalents and $457.0K of debt on its most recent balance sheet in SEC filings.When did HLSQ last report financial results?
The latest statements here come from Tessera Defense and Homeland Security Inc.'s 10-Q filed on Aug 19, 2026, covering the period ended Jun 30, 2026.Where does this HLSQ financial data come from?
Quantisnow builds these statements from the structured XBRL data Tessera Defense and Homeland Security Inc. files with the SEC. It is provided for information only and is not investment advice.