USBC, Inc. (USBC) 10-Year Financial Performance & Capital Metrics

USBC • • Industrial / General

TechnologyTech Hardware & EquipmentTest & Measurement EquipmentSpecialized Testing & Measurement

AboutKnow Labs, Inc. focuses on the development and commercialization of proprietary technologies in the United States. Its technology uses spectroscopy to direct electromagnetic energy through a substance or material to capture a molecular signature. The company refers to its technology as Bio-RFID. The Bio-RFID technology can be integrated into various wearable, mobile, or bench-top form factors. Its first application of Bio-RFID technology is a product marketed as a glucose monitor that provide the user with real time information on their blood glucose levels. The company was formerly known as Visualant, Incorporated and changed its name to Know Labs, Inc. in May 2018. Know Labs, Inc. was founded in 1998 and is headquartered in Seattle, Washington.Show more

Revenue $0
EBITDA -$18M -19.7%
Net Income -$22M -33.4%
EPS (Diluted) -0.39 +95.1%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -46.59% +97.8%
ROIC -6.28%
Debt/Equity 3.53
Interest Coverage -6.37 +36.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Weak Piotroski F-Score: 3/9
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-33.42%

EPS CAGR

10Y-

5Y-

3Y-

TTM55.04%

ROCE

10Y Avg-509.57%

5Y Avg-509.57%

3Y Avg-530.39%

Latest-30.12%

Peer Comparison

Specialized Testing & Measurement

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VPGVishay Precision Group, Inc.	535.6M	43.70	59.05	-13.67%	2.65%	2.35%	1.99%	0.17
USBCUSBC, Inc.	229M	0.59	-1.53			-22.78%		3.53

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	6.02M	4.87M	4.3M	1.8M	121.94K	0	4.36M	0	0	0
Revenue Growth %	-0.04%	-0.19%	-0.12%	-0.58%	-0.93%	-1%	-	-1%	-	-
Cost of Goods Sold+	5.1M	4M	3.54M	1.46M	312.71K	200.81K	3.43M	-274.02K	270.17K	150.59K
COGS % of Revenue	0.85%	0.82%	0.82%	0.81%	2.56%	-	0.79%	-	-	-
Gross Profit+	923.39K	869.72K	761.23K	340.53K	-190.77K	-200.81K	929.65K	274.02K	-270.17K	-150.59K
Gross Margin %	0.15%	0.18%	0.18%	0.19%	-1.56%	-	0.21%	-	-	-
Gross Profit Growth %	0.39%	-0.06%	-0.12%	-0.55%	-1.56%	-0.05%	5.63%	-0.71%	-1.99%	0.44%
Operating Expenses+	3.62M	3.13M	3.02M	5.35M	6.64M	10.25M	13.5M	14.3M	14.95M	17.9M
OpEx % of Revenue	0.6%	0.64%	0.7%	2.97%	54.41%	-	3.1%	-	-	-
Selling, General & Admin	3.29M	3.05M	2.45M	4.1M	4.6M	6.28M	8.12M	6.57M	8.92M	16.17M
SG&A % of Revenue	0.55%	0.63%	0.57%	2.27%	37.74%	-	1.86%	-	-	-
Research & Development	325.8K	79.41K	570.51K	1.26M	2.03M	3.97M	5.39M	7.73M	6.04M	1.72M
R&D % of Revenue	0.05%	0.02%	0.13%	0.7%	16.68%	-	1.24%	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.69M	-2.26M	-2.26M	-5.01M	-6.83M	-10.45M	-12.57M	-14.02M	-15.22M	-18.05M
Operating Margin %	-0.45%	-0.46%	-0.52%	-2.78%	-55.98%	-	-2.88%	-	-	-
Operating Income Growth %	-0.16%	0.16%	0%	-1.22%	-0.36%	-0.53%	-0.2%	-0.12%	-0.09%	-0.19%
EBITDA+	-2.51M	-2.18M	-2.13M	-4.75M	-6.58M	-10.25M	-12.22M	-13.57M	-14.95M	-17.9M
EBITDA Margin %	-0.42%	-0.45%	-0.49%	-2.63%	-53.99%	-	-2.8%	-	-	-
EBITDA Growth %	-0.27%	0.13%	0.02%	-1.24%	-0.38%	-0.56%	-0.19%	-0.11%	-0.1%	-0.2%
D&A (Non-Cash Add-back)	178.76K	81.28K	132.62K	259.35K	242.99K	200.81K	356.96K	455.86K	270.17K	150.59K
EBIT	-1.42M	-3.52M	-2.06M	-4.67M	-7.47M	-10.45M	-12.04M	-14.9M	-15.07M	-19.46M
Net Interest Income+	-323.93K	-376.97K	-1.2M	-2.95M	-6.09M	-14.91M	-8.02M	-262.48K	-1.36M	-2.77M
Interest Income	0	0	0	0	0	0	15.28K	127.14K	155.25K	66.28K
Interest Expense	323.93K	376.97K	1.2M	2.95M	6.09M	14.91M	8.03M	389.63K	1.51M	2.83M
Other Income/Expense	946.67K	-1.64M	-999.86K	-2.6M	-6.74M	-14.91M	-7.5M	-1.27M	-1.36M	-4.25M
Pretax Income+	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.3M
Pretax Margin %	-0.29%	-0.8%	-0.76%	-4.22%	-111.22%	-	-4.6%	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	-172.84K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	0.99%
Net Income+	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12M
Net Margin %	-0.29%	-0.8%	-0.76%	-4.22%	-111.22%	-	-4.6%	-	-	-
Net Income Growth %	0.34%	-1.23%	0.16%	-1.34%	-0.78%	-0.87%	0.21%	0.24%	-0.08%	-0.33%
Net Income (Continuing)	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-48.80	-40.40	-15.10	-16.87	-24.90	-34.54	-19.89	-16.49	-7.85	-0.39
EPS Growth %	0.48%	0.17%	0.63%	-0.12%	-0.48%	-0.39%	0.42%	0.17%	0.52%	0.95%
EPS (Basic)	-48.80	-40.40	-15.10	-16.87	-24.90	-34.54	-19.89	-16.49	-7.85	-0.39
Diluted Shares Outstanding	35.72K	96.12K	215.77K	451.35K	544.78K	734.26K	1.01M	1.24M	2.15M	63.06M
Basic Shares Outstanding	35.72K	96.12K	215.77K	451.35K	544.78K	734.26K	1.01M	1.24M	2.15M	63.06M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	1.31M	1.05M	1.48M	1.98M	4.3M	12.26M	12.59M	8.02M	3.11M	9.76M
Cash & Short-Term Investments	188.31K	103.18K	934.41K	1.9M	4.3M	12.26M	12.59M	8.02M	3.11M	8.82M
Cash Only	188.31K	103.18K	934.41K	1.9M	4.3M	12.26M	12.59M	8.02M	3.11M	8.82M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	808.96K	693.32K	320.54K	63.05K	0	0	0	0	0	0
Days Sales Outstanding	49.02	51.92	27.19	12.75	-	-	-	-	-	-
Inventory	295.22K	225.91K	203.58K	7.1K	0	0	0	0	0	0
Days Inventory Outstanding	21.13	20.59	20.98	1.77	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	0	0	936.2K
Total Non-Current Assets+	1.32M	138.27K	624.28K	662.21K	383.97K	631.27K	1.16M	242.18K	553.67K	115.32M
Property, Plant & Equipment	285.42K	133.2K	169.33K	374K	257.67K	617.51K	1.15M	226.41K	404.5K	253.9M
Fixed Asset Turnover	21.10x	36.59x	25.41x	4.83x	0.47x	-	3.79x	-	-	-
Goodwill	983.64K	0	0	0	0	0	0	0	0	0
Intangible Assets	43.75K	0	447.78K	274.45K	101.11K	0	0	0	0	115.04M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	5.07K	5.07K	7.17K	13.77K	25.18K	13.77K	13.77K	15.77K	149.17K	-253.63M
Total Assets+	2.63M	1.19M	2.1M	2.64M	4.68M	12.89M	13.76M	8.27M	3.66M	125.08M
Asset Turnover	2.29x	4.10x	2.05x	0.68x	0.03x	-	0.32x	-	-	-
Asset Growth %	0.07%	-0.55%	0.77%	0.26%	0.77%	1.75%	0.07%	-0.4%	-0.56%	33.13%
Total Current Liabilities+	5.44M	5.15M	4.71M	5.82M	6.57M	11.47M	3.81M	4.52M	5.16M	3.74M
Accounts Payable	2.03M	2.16M	1.52M	817.99K	493.5K	419.09K	526.97K	1.29M	552.68K	1.88M
Days Payables Outstanding	144.97	196.83	157.11	203.88	576.01	761.77	56.07	-1.72K	746.68	4.56K
Short-Term Debt	2.08M	1.74M	2.4M	4.08M	4.3M	9.74M	2.47M	2.92M	4.32M	170.55M
Deferred Revenue (Current)	0	63.9K	55.96K	0	0	0	0	0	0	0
Other Current Liabilities	1.33M	1.19M	729.69K	918.56K	1.78M	1.31M	811.2K	312.4K	0	-168.69M
Current Ratio	0.24x	0.20x	0.31x	0.34x	0.65x	1.07x	3.31x	1.77x	0.60x	2.61x
Quick Ratio	0.19x	0.16x	0.27x	0.34x	0.65x	1.07x	3.31x	1.77x	0.60x	2.61x
Cash Conversion Cycle	-74.82	-124.32	-108.94	-189.36	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	121.61K	23.25K	178.17K	87.12K	0	657.25K	24.22B
Long-Term Debt	0	0	0	0	0	0	0	0	407.52K	172.25M
Capital Lease Obligations	0	0	0	121.61K	23.26K	178.17K	87.12K	0	249.73K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	24.05B
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	5.44M	5.15M	4.71M	5.94M	6.6M	11.65M	3.9M	4.52M	5.82M	27.96M
Total Debt+	2.08M	1.74M	2.4M	4.2M	4.33M	9.91M	2.56M	2.92M	5.08M	342.79M
Net Debt	1.89M	1.63M	1.47M	2.3M	27.6K	-2.34M	-10.04M	-5.11M	1.97M	-8.48M
Debt / Equity	-	-	-	-	-	7.98x	0.26x	0.78x	-	3.53x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-8.31x	-5.99x	-1.89x	-1.70x	-1.12x	-0.70x	-1.57x	-35.99x	-10.06x	-6.37x
Total Equity+	-2.81M	-3.96M	-2.61M	-3.3M	-1.91M	1.24M	9.86M	3.74M	-2.16M	97.12M
Equity Growth %	0.48%	-0.41%	0.34%	-0.26%	0.42%	1.65%	6.94%	-0.62%	-1.58%	46.04%
Book Value per Share	-78.66	-41.21	-12.08	-7.31	-3.52	1.69	9.77	3.02	-1.00	1.54
Total Shareholders' Equity	-2.81M	-3.96M	-2.61M	-3.3M	-1.91M	1.24M	9.86M	3.74M	-2.16M	97.12M
Common Stock	2.36K	4.66K	17.53K	18.37K	24.81K	35.17K	48.16K	80.36K	108.02K	388.14K
Retained Earnings	-27.07M	-31.53M	-34.79M	-42.4M	-55.97M	-81.33M	-101.4M	-121.84M	-138.74M	-163.09M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	-3.37M	-1.26M	-1.12M	-3.1M	-3.91M	-6.85M	-6.92M	-10.35M	-12.83M	-7.6M
Operating CF Margin %	-0.56%	-0.26%	-0.26%	-1.72%	-32.1%	-	-1.59%	-	-	-
Operating CF Growth %	-13.06%	0.63%	0.12%	-1.78%	-0.26%	-0.75%	-0.01%	-0.5%	-0.24%	0.41%
Net Income	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12B
Depreciation & Amortization	178.76K	81.28K	132.62K	259.35K	242.99K	200.81K	321K	313.02K	270.17K	150.59M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	7.41B
Deferred Taxes	0	0	0	0	0	0	0	0	0	-172.84K
Other Non-Cash Items	-1.13M	2.32M	1.8M	4.06M	9.12M	17.5M	11.82M	4.45M	4.66M	14.56B
Working Capital Changes	-671.44K	239.81K	205.37K	189.25K	283.19K	808.75K	1.01M	167.37K	-1.18M	1.88M
Change in Receivables	-189.11K	-20.58K	362.04K	257.49K	63.05K	0	0	0	0	0
Change in Inventory	-77.39K	69.31K	22.33K	196.48K	7.1K	0	0	0	0	0
Change in Payables	-406.39K	134.38K	-176.5K	-215.87K	218.02K	797.34K	1.01M	317.08K	-866.42K	2.09M
Cash from Investing+	-16.85K	33.88K	-97.25K	-79.93K	-70.13K	-299.52K	-855.47K	-80.8K	-66.35K	0
Capital Expenditures	-23.44K	0	-97.25K	-79.93K	-70.13K	-299.52K	-855.47K	-80.8K	-66.35K	0
CapEx % of Revenue	0%	0.26%	0.02%	0.04%	0.58%	-	0.2%	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	3.5M	1.15M	2.05M	4.15M	6.38M	15.11M	8.11M	5.86M	7.98M	13.31M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-2.23B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	785K	86.2K	0	0	0	2.23B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.4M	0	-1.21M	-3.18M	-3.98M	-7.15M	-7.78M	-10.43M	-12.9M	-7.6M
FCF Margin %	-0.56%	-	-0.28%	-1.76%	-32.67%	-	-1.78%	-	-	-
FCF Growth %	-	1%	-	-1.62%	-0.25%	-0.79%	-0.09%	-0.34%	-0.24%	0.41%
FCF per Share	-95.11	-	-5.63	-7.05	-7.31	-9.74	-7.70	-8.42	-5.99	-0.12
FCF Conversion (FCF/Net Income)	1.93x	0.32x	0.34x	0.41x	0.29x	0.27x	0.34x	0.68x	0.77x	0.34x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-	-	-2041.62%	-361.49%	-224.73%	-2088.74%	-46.59%
Return on Invested Capital (ROIC)	-	-	-	-	-	-	-	-	-	-6.28%
Gross Margin	15.33%	17.84%	17.69%	18.87%	-156.45%	-	21.32%	-	-	-
Net Margin	-28.99%	-80.04%	-75.7%	-421.74%	-11122.48%	-	-460.34%	-	-	-
Debt / Equity	-	-	-	-	-	7.98x	0.26x	0.78x	-	3.53x
Interest Coverage	-8.31x	-5.99x	-1.89x	-1.70x	-1.12x	-0.70x	-1.57x	-35.99x	-10.06x	-6.37x
FCF Conversion	1.93x	0.32x	0.34x	0.41x	0.29x	0.27x	0.34x	0.68x	0.77x	0.34x
Revenue Growth	-4.25%	-19.08%	-11.72%	-58.06%	-93.24%	-100%	-	-100%	-	-

Revenue by Segment

	2022
Digital asset sales	4.36M
Digital asset sales Growth	-

Frequently Asked Questions

Growth & Financials

USBC, Inc. (USBC) grew revenue by 0.0% over the past year. Growth has been modest.

USBC, Inc. (USBC) reported a net loss of $22.1M for fiscal year 2025.

Dividend & Returns

Yes, USBC, Inc. (USBC) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

USBC, Inc. (USBC) has a return on equity (ROE) of -46.6%. Negative ROE indicates the company is unprofitable.

USBC, Inc. (USBC) had negative free cash flow of $7.6M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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USBC, Inc. (USBC) 10-Year Financial Performance & Capital Metrics

USBC • • Industrial / General

TechnologyTech Hardware & EquipmentTest & Measurement EquipmentSpecialized Testing & Measurement

Revenue $0
EBITDA -$18M -19.7%
Net Income -$22M -33.4%
EPS (Diluted) -0.39 +95.1%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -46.59% +97.8%
ROIC -6.28%
Debt/Equity 3.53
Interest Coverage -6.37 +36.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Weak Piotroski F-Score: 3/9
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-33.42%

EPS CAGR

10Y-

5Y-

3Y-

TTM55.04%

ROCE

10Y Avg-509.57%

5Y Avg-509.57%

3Y Avg-530.39%

Latest-30.12%

Peer Comparison

Specialized Testing & Measurement

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VPGVishay Precision Group, Inc.	535.6M	43.70	59.05	-13.67%	2.65%	2.35%	1.99%	0.17
USBCUSBC, Inc.	229M	0.59	-1.53			-22.78%		3.53

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	6.02M	4.87M	4.3M	1.8M	121.94K	0	4.36M	0	0	0
Revenue Growth %	-0.04%	-0.19%	-0.12%	-0.58%	-0.93%	-1%	-	-1%	-	-
Cost of Goods Sold+	5.1M	4M	3.54M	1.46M	312.71K	200.81K	3.43M	-274.02K	270.17K	150.59K
COGS % of Revenue	0.85%	0.82%	0.82%	0.81%	2.56%	-	0.79%	-	-	-
Gross Profit+	923.39K	869.72K	761.23K	340.53K	-190.77K	-200.81K	929.65K	274.02K	-270.17K	-150.59K
Gross Margin %	0.15%	0.18%	0.18%	0.19%	-1.56%	-	0.21%	-	-	-
Gross Profit Growth %	0.39%	-0.06%	-0.12%	-0.55%	-1.56%	-0.05%	5.63%	-0.71%	-1.99%	0.44%
Operating Expenses+	3.62M	3.13M	3.02M	5.35M	6.64M	10.25M	13.5M	14.3M	14.95M	17.9M
OpEx % of Revenue	0.6%	0.64%	0.7%	2.97%	54.41%	-	3.1%	-	-	-
Selling, General & Admin	3.29M	3.05M	2.45M	4.1M	4.6M	6.28M	8.12M	6.57M	8.92M	16.17M
SG&A % of Revenue	0.55%	0.63%	0.57%	2.27%	37.74%	-	1.86%	-	-	-
Research & Development	325.8K	79.41K	570.51K	1.26M	2.03M	3.97M	5.39M	7.73M	6.04M	1.72M
R&D % of Revenue	0.05%	0.02%	0.13%	0.7%	16.68%	-	1.24%	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.69M	-2.26M	-2.26M	-5.01M	-6.83M	-10.45M	-12.57M	-14.02M	-15.22M	-18.05M
Operating Margin %	-0.45%	-0.46%	-0.52%	-2.78%	-55.98%	-	-2.88%	-	-	-
Operating Income Growth %	-0.16%	0.16%	0%	-1.22%	-0.36%	-0.53%	-0.2%	-0.12%	-0.09%	-0.19%
EBITDA+	-2.51M	-2.18M	-2.13M	-4.75M	-6.58M	-10.25M	-12.22M	-13.57M	-14.95M	-17.9M
EBITDA Margin %	-0.42%	-0.45%	-0.49%	-2.63%	-53.99%	-	-2.8%	-	-	-
EBITDA Growth %	-0.27%	0.13%	0.02%	-1.24%	-0.38%	-0.56%	-0.19%	-0.11%	-0.1%	-0.2%
D&A (Non-Cash Add-back)	178.76K	81.28K	132.62K	259.35K	242.99K	200.81K	356.96K	455.86K	270.17K	150.59K
EBIT	-1.42M	-3.52M	-2.06M	-4.67M	-7.47M	-10.45M	-12.04M	-14.9M	-15.07M	-19.46M
Net Interest Income+	-323.93K	-376.97K	-1.2M	-2.95M	-6.09M	-14.91M	-8.02M	-262.48K	-1.36M	-2.77M
Interest Income	0	0	0	0	0	0	15.28K	127.14K	155.25K	66.28K
Interest Expense	323.93K	376.97K	1.2M	2.95M	6.09M	14.91M	8.03M	389.63K	1.51M	2.83M
Other Income/Expense	946.67K	-1.64M	-999.86K	-2.6M	-6.74M	-14.91M	-7.5M	-1.27M	-1.36M	-4.25M
Pretax Income+	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.3M
Pretax Margin %	-0.29%	-0.8%	-0.76%	-4.22%	-111.22%	-	-4.6%	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	-172.84K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	0.99%
Net Income+	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12M
Net Margin %	-0.29%	-0.8%	-0.76%	-4.22%	-111.22%	-	-4.6%	-	-	-
Net Income Growth %	0.34%	-1.23%	0.16%	-1.34%	-0.78%	-0.87%	0.21%	0.24%	-0.08%	-0.33%
Net Income (Continuing)	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-48.80	-40.40	-15.10	-16.87	-24.90	-34.54	-19.89	-16.49	-7.85	-0.39
EPS Growth %	0.48%	0.17%	0.63%	-0.12%	-0.48%	-0.39%	0.42%	0.17%	0.52%	0.95%
EPS (Basic)	-48.80	-40.40	-15.10	-16.87	-24.90	-34.54	-19.89	-16.49	-7.85	-0.39
Diluted Shares Outstanding	35.72K	96.12K	215.77K	451.35K	544.78K	734.26K	1.01M	1.24M	2.15M	63.06M
Basic Shares Outstanding	35.72K	96.12K	215.77K	451.35K	544.78K	734.26K	1.01M	1.24M	2.15M	63.06M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	1.31M	1.05M	1.48M	1.98M	4.3M	12.26M	12.59M	8.02M	3.11M	9.76M
Cash & Short-Term Investments	188.31K	103.18K	934.41K	1.9M	4.3M	12.26M	12.59M	8.02M	3.11M	8.82M
Cash Only	188.31K	103.18K	934.41K	1.9M	4.3M	12.26M	12.59M	8.02M	3.11M	8.82M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	808.96K	693.32K	320.54K	63.05K	0	0	0	0	0	0
Days Sales Outstanding	49.02	51.92	27.19	12.75	-	-	-	-	-	-
Inventory	295.22K	225.91K	203.58K	7.1K	0	0	0	0	0	0
Days Inventory Outstanding	21.13	20.59	20.98	1.77	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	0	0	936.2K
Total Non-Current Assets+	1.32M	138.27K	624.28K	662.21K	383.97K	631.27K	1.16M	242.18K	553.67K	115.32M
Property, Plant & Equipment	285.42K	133.2K	169.33K	374K	257.67K	617.51K	1.15M	226.41K	404.5K	253.9M
Fixed Asset Turnover	21.10x	36.59x	25.41x	4.83x	0.47x	-	3.79x	-	-	-
Goodwill	983.64K	0	0	0	0	0	0	0	0	0
Intangible Assets	43.75K	0	447.78K	274.45K	101.11K	0	0	0	0	115.04M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	5.07K	5.07K	7.17K	13.77K	25.18K	13.77K	13.77K	15.77K	149.17K	-253.63M
Total Assets+	2.63M	1.19M	2.1M	2.64M	4.68M	12.89M	13.76M	8.27M	3.66M	125.08M
Asset Turnover	2.29x	4.10x	2.05x	0.68x	0.03x	-	0.32x	-	-	-
Asset Growth %	0.07%	-0.55%	0.77%	0.26%	0.77%	1.75%	0.07%	-0.4%	-0.56%	33.13%
Total Current Liabilities+	5.44M	5.15M	4.71M	5.82M	6.57M	11.47M	3.81M	4.52M	5.16M	3.74M
Accounts Payable	2.03M	2.16M	1.52M	817.99K	493.5K	419.09K	526.97K	1.29M	552.68K	1.88M
Days Payables Outstanding	144.97	196.83	157.11	203.88	576.01	761.77	56.07	-1.72K	746.68	4.56K
Short-Term Debt	2.08M	1.74M	2.4M	4.08M	4.3M	9.74M	2.47M	2.92M	4.32M	170.55M
Deferred Revenue (Current)	0	63.9K	55.96K	0	0	0	0	0	0	0
Other Current Liabilities	1.33M	1.19M	729.69K	918.56K	1.78M	1.31M	811.2K	312.4K	0	-168.69M
Current Ratio	0.24x	0.20x	0.31x	0.34x	0.65x	1.07x	3.31x	1.77x	0.60x	2.61x
Quick Ratio	0.19x	0.16x	0.27x	0.34x	0.65x	1.07x	3.31x	1.77x	0.60x	2.61x
Cash Conversion Cycle	-74.82	-124.32	-108.94	-189.36	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	121.61K	23.25K	178.17K	87.12K	0	657.25K	24.22B
Long-Term Debt	0	0	0	0	0	0	0	0	407.52K	172.25M
Capital Lease Obligations	0	0	0	121.61K	23.26K	178.17K	87.12K	0	249.73K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	24.05B
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	5.44M	5.15M	4.71M	5.94M	6.6M	11.65M	3.9M	4.52M	5.82M	27.96M
Total Debt+	2.08M	1.74M	2.4M	4.2M	4.33M	9.91M	2.56M	2.92M	5.08M	342.79M
Net Debt	1.89M	1.63M	1.47M	2.3M	27.6K	-2.34M	-10.04M	-5.11M	1.97M	-8.48M
Debt / Equity	-	-	-	-	-	7.98x	0.26x	0.78x	-	3.53x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-8.31x	-5.99x	-1.89x	-1.70x	-1.12x	-0.70x	-1.57x	-35.99x	-10.06x	-6.37x
Total Equity+	-2.81M	-3.96M	-2.61M	-3.3M	-1.91M	1.24M	9.86M	3.74M	-2.16M	97.12M
Equity Growth %	0.48%	-0.41%	0.34%	-0.26%	0.42%	1.65%	6.94%	-0.62%	-1.58%	46.04%
Book Value per Share	-78.66	-41.21	-12.08	-7.31	-3.52	1.69	9.77	3.02	-1.00	1.54
Total Shareholders' Equity	-2.81M	-3.96M	-2.61M	-3.3M	-1.91M	1.24M	9.86M	3.74M	-2.16M	97.12M
Common Stock	2.36K	4.66K	17.53K	18.37K	24.81K	35.17K	48.16K	80.36K	108.02K	388.14K
Retained Earnings	-27.07M	-31.53M	-34.79M	-42.4M	-55.97M	-81.33M	-101.4M	-121.84M	-138.74M	-163.09M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	-3.37M	-1.26M	-1.12M	-3.1M	-3.91M	-6.85M	-6.92M	-10.35M	-12.83M	-7.6M
Operating CF Margin %	-0.56%	-0.26%	-0.26%	-1.72%	-32.1%	-	-1.59%	-	-	-
Operating CF Growth %	-13.06%	0.63%	0.12%	-1.78%	-0.26%	-0.75%	-0.01%	-0.5%	-0.24%	0.41%
Net Income	-1.75M	-3.9M	-3.26M	-7.61M	-13.56M	-25.36M	-20.07M	-15.29M	-16.58M	-22.12B
Depreciation & Amortization	178.76K	81.28K	132.62K	259.35K	242.99K	200.81K	321K	313.02K	270.17K	150.59M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	7.41B
Deferred Taxes	0	0	0	0	0	0	0	0	0	-172.84K
Other Non-Cash Items	-1.13M	2.32M	1.8M	4.06M	9.12M	17.5M	11.82M	4.45M	4.66M	14.56B
Working Capital Changes	-671.44K	239.81K	205.37K	189.25K	283.19K	808.75K	1.01M	167.37K	-1.18M	1.88M
Change in Receivables	-189.11K	-20.58K	362.04K	257.49K	63.05K	0	0	0	0	0
Change in Inventory	-77.39K	69.31K	22.33K	196.48K	7.1K	0	0	0	0	0
Change in Payables	-406.39K	134.38K	-176.5K	-215.87K	218.02K	797.34K	1.01M	317.08K	-866.42K	2.09M
Cash from Investing+	-16.85K	33.88K	-97.25K	-79.93K	-70.13K	-299.52K	-855.47K	-80.8K	-66.35K	0
Capital Expenditures	-23.44K	0	-97.25K	-79.93K	-70.13K	-299.52K	-855.47K	-80.8K	-66.35K	0
CapEx % of Revenue	0%	0.26%	0.02%	0.04%	0.58%	-	0.2%	-	-	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	3.5M	1.15M	2.05M	4.15M	6.38M	15.11M	8.11M	5.86M	7.98M	13.31M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-2.23B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	785K	86.2K	0	0	0	2.23B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.4M	0	-1.21M	-3.18M	-3.98M	-7.15M	-7.78M	-10.43M	-12.9M	-7.6M
FCF Margin %	-0.56%	-	-0.28%	-1.76%	-32.67%	-	-1.78%	-	-	-
FCF Growth %	-	1%	-	-1.62%	-0.25%	-0.79%	-0.09%	-0.34%	-0.24%	0.41%
FCF per Share	-95.11	-	-5.63	-7.05	-7.31	-9.74	-7.70	-8.42	-5.99	-0.12
FCF Conversion (FCF/Net Income)	1.93x	0.32x	0.34x	0.41x	0.29x	0.27x	0.34x	0.68x	0.77x	0.34x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-	-	-2041.62%	-361.49%	-224.73%	-2088.74%	-46.59%
Return on Invested Capital (ROIC)	-	-	-	-	-	-	-	-	-	-6.28%
Gross Margin	15.33%	17.84%	17.69%	18.87%	-156.45%	-	21.32%	-	-	-
Net Margin	-28.99%	-80.04%	-75.7%	-421.74%	-11122.48%	-	-460.34%	-	-	-
Debt / Equity	-	-	-	-	-	7.98x	0.26x	0.78x	-	3.53x
Interest Coverage	-8.31x	-5.99x	-1.89x	-1.70x	-1.12x	-0.70x	-1.57x	-35.99x	-10.06x	-6.37x
FCF Conversion	1.93x	0.32x	0.34x	0.41x	0.29x	0.27x	0.34x	0.68x	0.77x	0.34x
Revenue Growth	-4.25%	-19.08%	-11.72%	-58.06%	-93.24%	-100%	-	-100%	-	-

Revenue by Segment

	2022
Digital asset sales	4.36M
Digital asset sales Growth	-

Frequently Asked Questions

Growth & Financials

USBC, Inc. (USBC) grew revenue by 0.0% over the past year. Growth has been modest.

USBC, Inc. (USBC) reported a net loss of $22.1M for fiscal year 2025.

Dividend & Returns

Yes, USBC, Inc. (USBC) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

USBC, Inc. (USBC) has a return on equity (ROE) of -46.6%. Negative ROE indicates the company is unprofitable.

USBC, Inc. (USBC) had negative free cash flow of $7.6M in fiscal year 2025, likely due to heavy capital investments.