USBC net incomeQ4 2026$4.94M
USBC net income was $4.94M in fiscal Q4 2026 (ended Sep 30, 2026), compared with -$12.35M a year earlier. For the full fiscal 2025 it was -$22.12M, compared with -$16.58M in fiscal 2024.
USBC Inc. (USBC) financials
For the twelve months ended Sep 30, 2026, USBC Inc. reported -$68.85M of net income.
- Net income, TTM
- -$68.85M
- EPS, diluted, TTM
- -$0.18
- Cash
- $3.47M
- Market cap
- $147.5M
FY2017FY2023
FY2016FY2025
FY2016FY2025
USBC revenue and earnings growth
USBC EPSQ4 2026$0.01
USBC diluted EPS was $0.01 in fiscal Q4 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$0.39.
USBC free cash flowQ1 2026-$4.63M
USBC free cash flow was -$4.63M in fiscal Q1 2026 (ended Dec 31, 2025), compared with -$1.90M a year earlier. For the full fiscal 2025 it was -$7.60M, compared with -$12.90M in fiscal 2024.
Income statement
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $0 | $4.36M | $0 | $121.9K | $1.80M | $4.30M | $4.87M | - |
| Cost of revenue | - | - | - | - | $0 | $69.7K | $1.38M | $3.48M | $3.97M | $5.04M |
| Gross profit | - | - | - | - | $0 | $52.2K | $426.5K | $821.6K | $907.8K | $987.9K |
| Research and development | $1.75M | $6.11M | $7.73M | $5.39M | $3.97M | $2.03M | $1.26M | $570.5K | $79.4K | $325.8K |
| Selling, general and admin | $16.29M | $9.11M | $6.57M | $8.12M | $6.48M | $4.84M | $4.18M | $2.51M | $3.09M | $3.36M |
| Operating income | -$18.05M | -$15.22M | -$14.02M | -$12.57M | -$10.45M | -$6.83M | -$5.01M | -$2.26M | -$3.24M | -$2.69M |
| Interest expense | $1.19M | $830.9K | $389.6K | $8.03M | $14.91M | $6.09M | $2.95M | $1.20M | $377.0K | $323.9K |
| Pre-tax income | -$22.30M | -$16.58M | -$15.29M | -$20.07M | -$25.36M | -$13.56M | -$7.61M | -$3.26M | -$3.90M | -$1.75M |
| Income tax | -$172.8K | $0 | $0 | $0 | $0 | $0 | - | - | - | - |
| Net income | -$22.12M | -$16.58M | -$15.29M | -$20.07M | -$25.36M | -$13.56M | -$7.61M | -$3.26M | -$3.90M | -$1.75M |
| EPS, basic | - | - | - | - | -$0.86 | -$0.62 | -$0.42 | -$0.38 | -$1.01 | -$1.22 |
| EPS, diluted | -$0.39 | -$7.85 | - | - | -$0.86 | -$0.62 | -$0.42 | -$0.38 | -$1.01 | -$1.22 |
| Diluted shares | 63.1M | 2.2M | - | - | 29.4M | 21.8M | 18.1M | 8.6M | 3.8M | 1.4M |
Balance sheet
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.82M | $3.11M | $8.02M | $12.59M | $12.26M | $4.30M | $1.90M | $934.4K | $103.2K | $188.3K |
| Receivables | - | - | - | - | - | $0 | $63.0K | $320.5K | $693.3K | $809.0K |
| Inventory | - | - | - | - | - | $0 | $7.1K | $203.6K | $225.9K | $295.2K |
| Current assets | $9.76M | $3.11M | $8.02M | $12.59M | $12.26M | $4.30M | $1.98M | $1.48M | $1.05M | $1.31M |
| Goodwill | - | - | - | - | - | - | - | - | $0 | $983.6K |
| Total assets | $125.08M | $3.66M | $8.27M | $13.76M | $12.89M | $4.68M | $2.64M | $2.10M | $1.19M | $2.63M |
| Current liabilities | $3.74M | $5.16M | $4.52M | $3.81M | $11.04M | $6.35M | $5.82M | $4.71M | $5.15M | $5.44M |
| Long-term debt | $0 | $407.5K | $0 | - | - | - | $0 | $0 | $0 | $0 |
| Total debt | $0 | $407.5K | $0 | - | - | - | $0 | $0 | $0 | $0 |
| Total liabilities | $27.96M | $5.82M | $4.52M | - | - | - | - | - | - | - |
| Shareholders' equity | $97.12M | -$2.16M | $3.74M | $9.86M | $1.24M | -$1.91M | -$3.30M | -$2.61M | -$3.69M | -$2.81M |
Cash flow
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.60M | -$12.83M | -$10.35M | -$6.92M | -$6.85M | -$3.91M | -$3.10M | -$1.12M | -$1.26M | -$2.75M |
| Capital expenditures | $0 | $66.4K | $80.8K | $855.5K | $299.5K | $70.1K | $79.9K | $97.3K | -$2.4K | $23.4K |
| Free cash flow | -$7.60M | -$12.90M | -$10.43M | -$7.78M | -$7.15M | -$3.98M | -$3.18M | -$1.21M | -$1.27M | -$2.77M |
| Investing cash flow | $0 | -$66.4K | -$80.8K | -$855.5K | -$299.5K | -$70.1K | -$79.9K | -$97.3K | $33.9K | -$16.9K |
| Financing cash flow | $13.31M | $7.98M | $5.86M | $8.11M | $15.11M | $6.38M | $4.15M | $2.05M | $1.15M | $2.87M |
| Share repurchases | - | - | $0 | $855.3K | - | - | - | - | - | - |
| Stock-based compensation | $7.41M | $2.96M | $2.96M | - | $1.03M | $1.70M | $1.14M | $50.9K | $37.8K | $46.4K |
| Depreciation and amortization | $31.4K | $80.9K | $313.0K | $321.0K | $200.8K | $243.0K | $259.3K | $132.6K | $81.3K | $178.8K |
Key ratios
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | -100.0% | - | -100.0% | -93.2% | -58.1% | -11.7% | - | - |
| Gross margin | - | - | - | - | - | 42.8% | 23.6% | 19.1% | 18.6% | - |
| Operating margin | - | - | - | -288.4% | - | -5597.8% | -277.7% | -52.5% | -66.5% | - |
| Net margin | - | - | - | -460.3% | - | -11122.5% | -421.7% | -75.7% | -80.0% | - |
| Free cash flow margin | - | - | - | -178.3% | - | -3267.2% | -176.4% | -28.2% | -26.0% | - |
| Return on equity | -22.8% | - | -408.4% | -203.5% | -2041.6% | - | - | - | - | - |
| Return on assets | -17.7% | -452.5% | -185.0% | -145.9% | -196.8% | -289.7% | -288.4% | -154.9% | -328.3% | -66.4% |
| Current ratio | 2.61 | 0.60 | 1.77 | 3.31 | 1.11 | 0.68 | 0.34 | 0.31 | 0.20 | 0.24 |
| Debt to equity | 0.00 | - | 0.00 | - | - | - | - | - | - | - |
Income statement
| Line item | Sep 30, 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | $0 | $57.4K | $218.2K | $253.6K | $293.9K | $238.6K | $418.2K | $802.1K | $1.10M | $1.35M | $2.18M | $1.49M |
| Selling, general and admin | $14.79M | $16.37M | $11.45M | $16.87M | $11.52M | $1.02M | $1.79M | $1.97M | $2.08M | $2.49M | $2.55M | $2.01M |
| Operating income | -$14.79M | -$16.43M | -$11.67M | -$17.13M | -$11.82M | -$1.25M | -$2.21M | -$2.77M | -$3.19M | -$3.84M | -$4.73M | -$3.50M |
| Interest expense | $386.0K | $219.6K | $14.2K | - | $0 | $275.7K | $1.37M | $1.18M | -$207.6K | $298.2K | $716.8K | $0 |
| Pre-tax income | $6.31M | -$26.02M | -$32.29M | -$43.19M | -$12.52M | -$1.53M | -$3.58M | -$4.67M | -$3.63M | -$4.10M | -$5.40M | -$3.45M |
| Income tax | $1.37M | -$5.24M | -$6.74M | -$15.74M | -$172.8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $4.94M | -$20.79M | -$25.55M | -$27.46M | -$12.35M | -$1.53M | -$3.58M | -$4.67M | -$3.63M | -$4.10M | -$5.40M | -$3.45M |
| EPS, basic | $0.01 | -$0.05 | -$0.07 | - | -$0.05 | -$0.55 | -$1.24 | - | - | - | - | - |
| EPS, diluted | $0.01 | -$0.05 | -$0.07 | -$0.07 | -$0.05 | -$0.55 | -$1.24 | -$0.04 | - | -$2.02 | -$2.69 | -$0.04 |
| Diluted shares | 388.1M | 388.1M | 388.1M | 388.1M | 233.8M | 6.7M | 2.9M | 108.5M | - | 2.1M | 2.0M | 81.1M |
Balance sheet
| Line item | Sep 30, 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.47M | $2.98M | $2.04M | $4.09M | $8.82M | $172.5K | $443.9K | $1.03M | $3.11M | $2.13M | $4.71M | $4.82M |
| Current assets | $6.64M | $4.56M | $3.42M | $6.79M | $9.76M | $172.5K | $443.9K | $1.03M | $3.11M | $2.13M | $4.71M | $4.82M |
| Total assets | $91.80M | $66.49M | $72.28M | $93.67M | $125.08M | $492.6K | $924.2K | $1.55M | $3.66M | $2.74M | $4.94M | $5.01M |
| Current liabilities | $30.87M | $19.98M | $10.68M | $3.68M | $3.74M | $5.13M | $6.63M | $5.20M | $5.16M | $6.12M | $5.06M | $3.79M |
| Long-term debt | - | - | - | - | $0 | $0 | $0 | $44.8K | $407.5K | $945.3K | - | - |
| Total debt | - | - | - | - | $0 | $0 | $0 | $44.8K | $407.5K | $945.3K | - | - |
| Total liabilities | $30.87M | $20.09M | $12.38M | $12.14M | $27.96M | $5.28M | $6.81M | $5.46M | $5.82M | $7.34M | $6.69M | - |
| Shareholders' equity | $60.93M | $46.40M | $59.90M | $81.53M | $97.12M | -$4.79M | -$5.88M | -$3.91M | -$2.16M | -$4.60M | -$1.75M | $1.23M |
Cash flow
| Line item | Sep 30, 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | - | - | -$7.06M | -$4.63M | -$3.11M | -$1.29M | -$1.30M | -$1.90M | -$3.26M | -$2.53M | -$3.66M | -$3.39M |
| Capital expenditures | - | - | - | $0 | $0 | $0 | $0 | $0 | $0 | $53.7K | -$1 | $12.7K |
| Free cash flow | - | - | - | -$4.63M | -$3.11M | -$1.29M | -$1.30M | -$1.90M | -$3.26M | -$2.58M | -$3.66M | -$3.41M |
| Investing cash flow | - | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$53.7K | $1 | -$12.7K |
| Financing cash flow | - | - | $5.00M | -$99.5K | $11.76M | $1.02M | $710.7K | -$180.0K | $4.24M | $0 | $3.54M | $203.1K |
| Stock-based compensation | $6.59M | $7.29M | $3.93M | $11.87M | $6.26M | $176.0K | $593.7K | $550.7K | $626.0K | $1.02M | $616.3K | $699.2K |
| Depreciation and amortization | - | - | $6.2K | $6.9K | $7.2K | $7.2K | $7.2K | $9.9K | $21.9K | $20.6K | $19.6K | $18.7K |
Key ratios
| Line item | Sep 30, 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.21 | 0.23 | 0.32 | 1.85 | 2.61 | 0.03 | 0.07 | 0.20 | 0.60 | 0.35 | 0.93 | 1.27 |
| Debt to equity | - | - | - | - | 0.00 | - | - | - | - | - | - | - |
Source: XBRL data USBC Inc. files with the SEC, latest filing dated Nov 6, 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 are as filed. The filings show no stock split in these periods.
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.
USBC peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| USBC | - | - | -$68.85M | - | $147.5M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $217.47B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $136.57B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.11B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $60.02B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $43.11B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $36.03B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $23.06B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.80B |
USBC FAQ
5 questionsIs USBC profitable?
No. USBC Inc. reported a net loss of $68.85M for the twelve months ended Sep 30, 2026.How much cash and debt does USBC have?
USBC Inc. reported $3.47M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is USBC earnings per share?
Diluted earnings per share were -$0.18 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.When did USBC last report financial results?
The latest statements here come from USBC Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.Where does this USBC financial data come from?
Quantisnow builds these statements from the structured XBRL data USBC Inc. files with the SEC. It is provided for information only and is not investment advice.