HUB Cyber Security Ltd. (HUBC) 10-Year Financial Performance & Capital Metrics

HUBC • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementNetwork Security & Firewall

AboutHUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment. It also provides complementary trusted advisory and professional service facilitating cyber risk assessment, cyber risk mitigation, cyber incident response, quality reliability, and safety of critical systems. The company was founded in 2017 and is headquartered in Tel Aviv, Israel.Show more

Revenue $30M -30.7%
EBITDA -$25M +64.2%
Net Income -$40M +54.5%
EPS (Diluted) -15.03 -70.4%
Gross Margin 11.66% +247.0%
EBITDA Margin -83.35% +48.3%
Operating Margin -88.71% +51.3%
Net Margin -134.49% +34.4%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -2.15 +80.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 72.7% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.98%

5Y-3.39%

3Y0.03%

TTM-0.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-135.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.45%

ROCE

10Y Avg-26.81%

5Y Avg-68.34%

3Y Avg-162.1%

Latest-

Peer Comparison

Network Security & Firewall

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RDWRRadware Ltd.	1.07B	24.64	176	5.2%	5.66%	4.28%	6.2%	0.05
PANWPalo Alto Networks, Inc.	130.85B	187.73	117.33	14.87%	11.69%	12.89%	2.65%	0.04
FTNTFortinet, Inc.	56.76B	76.32	33.77	12.27%	28.58%	254.88%	3.31%	0.67
ATENA10 Networks, Inc.	1.26B	17.58	26.24	3.97%	17.78%	24.52%	6.2%	0.05
CHKPCheck Point Software Technologies Ltd.	20.24B	188.54	25.27	6.22%	37.62%	32.79%	5.08%	0.01
ALARAlarum Technologies Ltd.	67.12M	9.36	11.01	20.88%	3.28%	3.83%	13.1%	0.06
HUBCHUB Cyber Security Ltd.	9.93M	4.55	-0.30	-30.7%	-176.14%
INTZIntrusion Inc.	29.55M	1.47	-0.99	2.85%	-112.36%	-83.5%		0.44

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	16.22M	21.35M	26.91M	32.55M	35.12M	38K	29.53M	50M	42.66M	29.56M
Revenue Growth %	0.08%	0.32%	0.26%	0.21%	0.08%	-1%	776.18%	0.69%	-0.15%	-0.31%
Cost of Goods Sold+	13.55M	16.7M	22.32M	26.86M	0	29.02M	28.01M	52.05M	46.04M	26.11M
COGS % of Revenue	0.84%	0.78%	0.83%	0.83%	-	763.56%	0.95%	1.04%	1.08%	0.88%
Gross Profit+	2.67M	4.65M	4.6M	5.69M	5.17M	5.88M	5.19M	-2.04M	-3.38M	3.45M
Gross Margin %	0.16%	0.22%	0.17%	0.17%	0.15%	154.86%	0.18%	-0.04%	-0.08%	0.12%
Gross Profit Growth %	0.08%	0.74%	-0.01%	0.24%	-0.09%	0.14%	-0.12%	-1.39%	-0.66%	2.02%
Operating Expenses+	3.62M	3.98M	4.23M	5.03M	4.52M	2.63M	17.49M	78.39M	61.62M	29.67M
OpEx % of Revenue	0.22%	0.19%	0.16%	0.15%	0.13%	69.16%	0.59%	1.57%	1.44%	1%
Selling, General & Admin	2.92M	3.28M	3.54M	1.24M	3.98M	1.21M	11.69M	48.55M	40.34M	26.83M
SG&A % of Revenue	0.18%	0.15%	0.13%	0.04%	0.11%	31.71%	0.4%	0.97%	0.95%	0.91%
Research & Development	699.06K	694.23K	689.19K	692.57K	543.36K	1.42M	5.8M	5.57M	5.89M	2M
R&D % of Revenue	0.04%	0.03%	0.03%	0.02%	0.02%	37.45%	0.2%	0.11%	0.14%	0.07%
Other Operating Expenses	0	0	0	-1.05M	0	0	-1K	24.26M	15.39M	835K
Operating Income+	-946.41K	675.22K	371.42K	657.91K	-1.53M	-2.68M	-12.84M	-80.43M	-77.72M	-26.22M
Operating Margin %	-0.06%	0.03%	0.01%	0.02%	-0.04%	-70.43%	-0.43%	-1.61%	-1.82%	-0.89%
Operating Income Growth %	0.3%	1.71%	-0.45%	0.77%	-3.32%	-0.75%	-3.8%	-5.26%	0.03%	0.66%
EBITDA+	-793.52K	809.37K	528.5K	825.47K	-1.52M	-2.64M	-10.99M	-72.64M	-68.83M	-24.64M
EBITDA Margin %	-0.05%	0.04%	0.02%	0.03%	-0.04%	-69.54%	-0.37%	-1.45%	-1.61%	-0.83%
EBITDA Growth %	0.35%	2.02%	-0.35%	0.56%	-2.84%	-0.74%	-3.16%	-5.61%	0.05%	0.64%
D&A (Non-Cash Add-back)	152.89K	134.16K	157.08K	167.56K	12.11K	34K	1.85M	7.79M	8.89M	1.58M
EBIT	-1.02M	567.89K	477.62K	762.84K	-1.61M	-2.67M	-12.97M	-79.96M	-77.24M	-25.21M
Net Interest Income+	-61.52K	-21.62K	-127.61K	-457.23K	-190.01K	-99K	-81K	-934K	-6.98M	-11.65M
Interest Income	5.66K	28.66K	0	76.19K	-1.66K	13K	5K	450K	213K	548K
Interest Expense	67.18K	50.28K	127.61K	126.89K	3.02K	112K	86K	1.38M	7.19M	12.2M
Other Income/Expense	-142.08K	-157.6K	-21.41K	-63.73K	1.07M	-85.78K	-308.35K	-914K	-6.71M	-10.37M
Pretax Income+	-1.09M	517.61K	350.02K	417.89K	-1.57M	-2.76M	-13.15M	-81.34M	-84.44M	-36.59M
Pretax Margin %	-0.07%	0.02%	0.01%	0.01%	-0.04%	-72.69%	-0.45%	-1.63%	-1.98%	-1.24%
Income Tax+	96K	27.61K	29.47K	94.81K	-38.92K	0	262K	-776K	171K	557K
Effective Tax Rate %	1.12%	0.71%	0.78%	0.38%	1%	1%	0.99%	1%	1.04%	1.09%
Net Income+	-1.22M	368.87K	272.45K	157.82K	-1.57M	-2.76M	-13.03M	-81.59M	-87.45M	-39.76M
Net Margin %	-0.08%	0.02%	0.01%	0%	-0.04%	-72.63%	-0.44%	-1.63%	-2.05%	-1.34%
Net Income Growth %	0.2%	1.3%	-0.26%	-0.42%	-10.94%	-0.76%	-3.72%	-5.26%	-0.07%	0.55%
Net Income (Continuing)	-1.18M	490K	320.55K	299.51K	-1.65M	-2.76M	-13.52M	-80.57M	-84.61M	-37.15M
Discontinued Operations	0	0	0	0	0	0	107K	569K	-2.03M	-1.89M
Minority Interest	597.52K	719.73K	837.35K	937.98K	1.2M	1.86M	1.05M	2.4M	2.78M	-30K
EPS (Diluted)+	-0.09	0.02	0.02	0.01	-0.03	-0.76	-2.75	-9.63	-8.82	-15.03
EPS Growth %	0.26%	1.25%	-0.29%	-0.34%	-3.95%	-24.17%	-2.62%	-2.5%	0.08%	-0.7%
EPS (Basic)	-0.09	0.02	0.02	0.01	-0.03	-0.76	-1.69	-9.63	-8.82	-3.96
Diluted Shares Outstanding	13.74M	16.86M	17.51M	1.54M	1.92M	3.63M	4.98M	8.53M	9.69M	2.65M
Basic Shares Outstanding	13.74M	15.9M	16.26M	1.54M	1.92M	3.63M	7.69M	8.47M	9.92M	10.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.2M	10.22M	12.74M	12.49M	13.68M	1.42M	49.73M	33.2M	20.11M	18.4M
Cash & Short-Term Investments	1.86M	3.23M	2.62M	1.82M	1.2M	1.26M	13.97M	3.99M	3.52M	3.08M
Cash Only	1.79M	3.23M	2.62M	1.82M	1.2M	3.32M	13.97M	3.99M	3.52M	3.08M
Short-Term Investments	72.22K	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.29M	6.94M	8.92M	10.51M	12.5M	162.96K	27.19M	24.06M	9.87M	7.9M
Days Sales Outstanding	119.08	118.67	120.9	117.81	129.91	1.57K	336.02	175.61	84.43	97.5
Inventory	0	0	0	0	0	0	1.84M	1.9M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	23.95	13.32	-	-
Other Current Assets	0	0	1.07M	0	-25.25K	-56K	1.2M	2.79M	5.24M	6.29M
Total Non-Current Assets+	602.41K	1.2M	1.27M	2.06M	5.51M	6.09M	70.48M	41.59M	12.48M	9.01M
Property, Plant & Equipment	332.04K	337.26K	339.9K	460.83K	4.02M	3.86M	9.38M	7.82M	3.54M	2.64M
Fixed Asset Turnover	48.86x	63.31x	79.18x	70.64x	8.74x	0.01x	3.15x	6.39x	12.03x	11.21x
Goodwill	124.9K	208.9K	231.59K	414.26K	424.33K	480.71K	30.84M	13.7M	2.47M	1.87M
Intangible Assets	72.73K	276.72K	262.99K	532.01K	439.96K	382.27K	22.61M	16.2M	5.42M	4.34M
Long-Term Investments	32.9K	71.45K	74.6K	94.2K	94.96K	30.75K	1.13M	3.87M	876K	165K
Other Non-Current Assets	0	2	2	2	-5.05K	-83.24K	2.38M	0	177K	0
Total Assets+	7.81M	11.42M	14.01M	14.55M	19.19M	20.49M	120.21M	74.79M	32.59M	27.42M
Asset Turnover	2.08x	1.87x	1.92x	2.24x	1.83x	0.00x	0.25x	0.67x	1.31x	1.08x
Asset Growth %	0.03%	0.46%	0.23%	0.04%	0.32%	0.07%	4.87%	-0.38%	-0.56%	-0.16%
Total Current Liabilities+	3.59M	5.72M	7.57M	7.54M	9.3M	376.3K	37.94M	57.84M	74.43M	106.07M
Accounts Payable	577.22K	738.7K	1.29M	747.98K	0	0	14.99M	13.77M	9.87M	8.2M
Days Payables Outstanding	15.55	16.15	21.15	10.16	-	-	195.42	96.58	78.22	114.61
Short-Term Debt	144.95K	527.72K	2.13M	2.64M	4.37M	56.99K	11.28M	13.43M	26.2M	38.3M
Deferred Revenue (Current)	0	0	0	0	29.92K	0	0	1000K	1000K	680K
Other Current Liabilities	1.64M	2.73M	1.9M	1.91M	3.19M	-56.99K	618.17K	-3.47M	5.21M	20.89M
Current Ratio	2.00x	1.79x	1.68x	1.66x	1.47x	3.79x	1.31x	0.57x	0.27x	0.17x
Quick Ratio	2.00x	1.79x	1.68x	1.66x	1.47x	3.79x	1.26x	0.54x	0.27x	0.17x
Cash Conversion Cycle	-	-	-	-	-	-	164.55	92.36	-	-
Total Non-Current Liabilities+	626.31K	1.26M	1.29M	1.3M	4.24M	565.69K	17M	8.15M	8.89M	2.16M
Long-Term Debt	32.9K	225.79K	178.88K	499.63K	98.55K	0	3.8M	0	0	0
Capital Lease Obligations	0	0	0	0	2.59M	29.54K	6.06M	5M	1.71M	1.21M
Deferred Tax Liabilities	148.55K	154.34K	146.9K	178.76K	202.57K	266.44K	4.73M	161K	116K	79K
Other Non-Current Liabilities	444.87K	882.13K	962.94K	623.27K	156.5K	-267.22K	1.44M	2.1M	6.92M	651K
Total Liabilities	4.22M	6.98M	8.85M	8.84M	13.55M	11.96M	54.47M	65.98M	83.32M	108.23M
Total Debt+	177.84K	753.51K	2.31M	3.14M	7.32M	86.45K	23.15M	19.9M	28.77M	40.48M
Net Debt	-1.61M	-2.48M	-305.62K	1.32M	5.73M	1.46M	9.18M	15.9M	25.25M	37.4M
Debt / Equity	0.06x	0.20x	0.52x	0.63x	1.30x	0.01x	0.35x	2.26x	-	-
Debt / EBITDA	-	0.93x	4.37x	3.81x	-	-	-	-	-	-
Net Debt / EBITDA	-	-3.06x	-0.58x	1.60x	-	-	-	-	-	-
Interest Coverage	-14.09x	13.43x	2.91x	5.19x	-506.59x	-23.90x	-149.30x	-58.11x	-10.80x	-2.15x
Total Equity+	2.85M	3.7M	4.42M	4.97M	5.64M	8.53M	65.74M	8.81M	-50.73M	-80.82M
Equity Growth %	-0.23%	0.3%	0.19%	0.13%	0.13%	0.51%	6.71%	-0.87%	-6.76%	-0.59%
Book Value per Share	0.21	0.22	0.25	3.23	2.93	2.35	13.19	1.03	-5.24	-30.55
Total Shareholders' Equity	2.25M	2.98M	3.58M	4.03M	4.44M	679.2K	64.7M	6.41M	-53.51M	-80.79M
Common Stock	121.56K	165.51K	183.77K	215.43K	229.16K	15.86M	70.76M	81.62M	103.39M	117.25M
Retained Earnings	-6.78M	-6.49M	-6.91M	-6.27M	-6.81M	-4.57M	-17.45M	-99.04M	-186.49M	-226.25M
Treasury Stock	-74.79K	-75.61K	-83.82K	-77.88K	-84.04K	0	-1.23M	-1.23M	-1.23M	-1.23M
Accumulated OCI	-88.15K	-20.53K	-50.7K	-24.09K	0	34.57K	0	14.7M	19.91M	18.52M
Minority Interest	597.52K	719.73K	837.35K	937.98K	1.2M	1.86M	1.05M	2.4M	2.78M	-30K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-256.61K	1.44M	-1.53M	-1.78M	-1.35M	5.01M	-5.28M	-23.43M	-16.2M	-17.11M
Operating CF Margin %	-0.02%	0.07%	-0.06%	-0.05%	-0.04%	131.73%	-0.18%	-0.47%	-0.38%	-0.58%
Operating CF Growth %	0.7%	6.61%	-2.06%	-0.16%	0.24%	4.7%	-2.05%	-3.44%	0.31%	-0.06%
Net Income	-1.22M	368.87K	272.45K	153.26K	-1.57M	1.76M	-14.13M	-80M	-86.64M	-39.03M
Depreciation & Amortization	152.89K	134.16K	157.08K	225.85K	41.94K	1.83M	1.85M	7.79M	7.64M	2.38M
Stock-Based Compensation	0	0	0	0	0	19.25K	5.9M	10.52M	7.12M	2.07M
Deferred Taxes	26.51K	4.17K	-49.21K	89.84K	0	-805.84K	0	-1.06M	-39K	-37K
Other Non-Cash Items	-38.35K	24.23K	77.57K	324.6K	3.02K	4.35K	695.95K	22.84M	41.68M	8.7M
Working Capital Changes	824.66K	907.32K	-1.98M	-2.57M	171.05K	2.19M	399.78K	16.48M	14.04M	8.81M
Change in Receivables	-71.04K	142.49K	-1.39M	-1.59M	0	1.59M	0	-1.45M	13.24M	1.89M
Change in Inventory	0	0	0	0	0	0	-1.2M	-288K	1.81M	0
Change in Payables	-147.22K	88.83K	166.81K	-546.55K	0	-368.92K	0	544K	-3.44M	-1.59M
Cash from Investing+	67.18K	-233.15K	-801.23K	-463.39K	-65.24K	-100.3K	-15.95M	-6.55M	2.14M	-452K
Capital Expenditures	-204.11K	-81.8K	-76.17K	-260.62K	-65.24K	-100.3K	-469.84K	-624K	-297K	-84K
CapEx % of Revenue	0.01%	0%	0%	0.01%	0%	2.64%	0.02%	0.01%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	319.41K	17.19K	0	0	0	0	-343.25K	-5.26M	2.43M	-368K
Cash from Financing+	349.53K	221.95K	1.41M	1.6M	2.85M	2.31M	32.7M	20.66M	12.93M	17.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	23.16K	1.56K	-16.96K	-278	31.11K	327.44K	-28.79K	1.07M	2M	-6.77M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-442.19K	1.38M	-1.6M	-2.03M	-1.42M	4.91M	-6.42M	-24.06M	-16.5M	-17.19M
FCF Margin %	-0.03%	0.06%	-0.06%	-0.06%	-0.04%	129.09%	-0.22%	-0.48%	-0.39%	-0.58%
FCF Growth %	0.52%	4.12%	-2.16%	-0.27%	0.3%	4.46%	-2.31%	-2.75%	0.31%	-0.04%
FCF per Share	-0.03	0.08	-0.09	-1.32	-0.74	1.35	-1.29	-2.82	-1.70	-6.50
FCF Conversion (FCF/Net Income)	0.21x	3.90x	-5.60x	-11.26x	0.86x	-1.81x	0.41x	0.29x	0.19x	0.43x
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-37.24%	11.27%	6.71%	3.36%	-29.57%	-38.95%	-35.09%	-218.89%	-	-
Return on Invested Capital (ROIC)	-40.2%	41.2%	10.45%	9.48%	-12.69%	-23.53%	-24.01%	-121.08%	-	-
Gross Margin	16.46%	21.79%	17.09%	17.49%	14.71%	15486.01%	17.59%	-4.09%	-7.93%	11.66%
Net Margin	-7.53%	1.73%	1.01%	0.48%	-4.47%	-7263.16%	-44.12%	-163.18%	-205%	-134.49%
Debt / Equity	0.06x	0.20x	0.52x	0.63x	1.30x	0.01x	0.35x	2.26x	-	-
Interest Coverage	-14.09x	13.43x	2.91x	5.19x	-506.59x	-23.90x	-149.30x	-58.11x	-10.80x	-2.15x
FCF Conversion	0.21x	3.90x	-5.60x	-11.26x	0.86x	-1.81x	0.41x	0.29x	0.19x	0.43x
Revenue Growth	7.77%	31.61%	26.05%	20.94%	7.9%	-99.89%	77618.42%	69.31%	-14.69%	-30.7%

Revenue by Geography

	2022	2023	2024
ISRAEL	76.13M	40.36M	27.81M
ISRAEL Growth	-	-46.98%	-31.11%
Europe	2.98M	1.67M	1.05M
Europe Growth	-	-44.05%	-36.79%
UNITED STATES	-	-	699K
UNITED STATES Growth	-	-	-
America Member	339K	334K	-
America Member Growth	-	-1.47%	-
Asia Pacific	294K	290K	-
Asia Pacific Growth	-	-1.36%	-

Frequently Asked Questions

Growth & Financials

HUB Cyber Security Ltd. (HUBC) reported $72.2M in revenue for fiscal year 2024. This represents a 347% increase from $16.2M in 2011.

HUB Cyber Security Ltd. (HUBC) saw revenue decline by 30.7% over the past year.

HUB Cyber Security Ltd. (HUBC) reported a net loss of $127.2M for fiscal year 2024.

Dividend & Returns

HUB Cyber Security Ltd. (HUBC) had negative free cash flow of $33.7M in fiscal year 2024, likely due to heavy capital investments.

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HUB Cyber Security Ltd. (HUBC) 10-Year Financial Performance & Capital Metrics

HUBC • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementNetwork Security & Firewall

Revenue $30M -30.7%
EBITDA -$25M +64.2%
Net Income -$40M +54.5%
EPS (Diluted) -15.03 -70.4%
Gross Margin 11.66% +247.0%
EBITDA Margin -83.35% +48.3%
Operating Margin -88.71% +51.3%
Net Margin -134.49% +34.4%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -2.15 +80.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 72.7% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.98%

5Y-3.39%

3Y0.03%

TTM-0.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-135.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.45%

ROCE

10Y Avg-26.81%

5Y Avg-68.34%

3Y Avg-162.1%

Latest-

Peer Comparison

Network Security & Firewall

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RDWRRadware Ltd.	1.07B	24.64	176	5.2%	5.66%	4.28%	6.2%	0.05
PANWPalo Alto Networks, Inc.	130.85B	187.73	117.33	14.87%	11.69%	12.89%	2.65%	0.04
FTNTFortinet, Inc.	56.76B	76.32	33.77	12.27%	28.58%	254.88%	3.31%	0.67
ATENA10 Networks, Inc.	1.26B	17.58	26.24	3.97%	17.78%	24.52%	6.2%	0.05
CHKPCheck Point Software Technologies Ltd.	20.24B	188.54	25.27	6.22%	37.62%	32.79%	5.08%	0.01
ALARAlarum Technologies Ltd.	67.12M	9.36	11.01	20.88%	3.28%	3.83%	13.1%	0.06
HUBCHUB Cyber Security Ltd.	9.93M	4.55	-0.30	-30.7%	-176.14%
INTZIntrusion Inc.	29.55M	1.47	-0.99	2.85%	-112.36%	-83.5%		0.44

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	16.22M	21.35M	26.91M	32.55M	35.12M	38K	29.53M	50M	42.66M	29.56M
Revenue Growth %	0.08%	0.32%	0.26%	0.21%	0.08%	-1%	776.18%	0.69%	-0.15%	-0.31%
Cost of Goods Sold+	13.55M	16.7M	22.32M	26.86M	0	29.02M	28.01M	52.05M	46.04M	26.11M
COGS % of Revenue	0.84%	0.78%	0.83%	0.83%	-	763.56%	0.95%	1.04%	1.08%	0.88%
Gross Profit+	2.67M	4.65M	4.6M	5.69M	5.17M	5.88M	5.19M	-2.04M	-3.38M	3.45M
Gross Margin %	0.16%	0.22%	0.17%	0.17%	0.15%	154.86%	0.18%	-0.04%	-0.08%	0.12%
Gross Profit Growth %	0.08%	0.74%	-0.01%	0.24%	-0.09%	0.14%	-0.12%	-1.39%	-0.66%	2.02%
Operating Expenses+	3.62M	3.98M	4.23M	5.03M	4.52M	2.63M	17.49M	78.39M	61.62M	29.67M
OpEx % of Revenue	0.22%	0.19%	0.16%	0.15%	0.13%	69.16%	0.59%	1.57%	1.44%	1%
Selling, General & Admin	2.92M	3.28M	3.54M	1.24M	3.98M	1.21M	11.69M	48.55M	40.34M	26.83M
SG&A % of Revenue	0.18%	0.15%	0.13%	0.04%	0.11%	31.71%	0.4%	0.97%	0.95%	0.91%
Research & Development	699.06K	694.23K	689.19K	692.57K	543.36K	1.42M	5.8M	5.57M	5.89M	2M
R&D % of Revenue	0.04%	0.03%	0.03%	0.02%	0.02%	37.45%	0.2%	0.11%	0.14%	0.07%
Other Operating Expenses	0	0	0	-1.05M	0	0	-1K	24.26M	15.39M	835K
Operating Income+	-946.41K	675.22K	371.42K	657.91K	-1.53M	-2.68M	-12.84M	-80.43M	-77.72M	-26.22M
Operating Margin %	-0.06%	0.03%	0.01%	0.02%	-0.04%	-70.43%	-0.43%	-1.61%	-1.82%	-0.89%
Operating Income Growth %	0.3%	1.71%	-0.45%	0.77%	-3.32%	-0.75%	-3.8%	-5.26%	0.03%	0.66%
EBITDA+	-793.52K	809.37K	528.5K	825.47K	-1.52M	-2.64M	-10.99M	-72.64M	-68.83M	-24.64M
EBITDA Margin %	-0.05%	0.04%	0.02%	0.03%	-0.04%	-69.54%	-0.37%	-1.45%	-1.61%	-0.83%
EBITDA Growth %	0.35%	2.02%	-0.35%	0.56%	-2.84%	-0.74%	-3.16%	-5.61%	0.05%	0.64%
D&A (Non-Cash Add-back)	152.89K	134.16K	157.08K	167.56K	12.11K	34K	1.85M	7.79M	8.89M	1.58M
EBIT	-1.02M	567.89K	477.62K	762.84K	-1.61M	-2.67M	-12.97M	-79.96M	-77.24M	-25.21M
Net Interest Income+	-61.52K	-21.62K	-127.61K	-457.23K	-190.01K	-99K	-81K	-934K	-6.98M	-11.65M
Interest Income	5.66K	28.66K	0	76.19K	-1.66K	13K	5K	450K	213K	548K
Interest Expense	67.18K	50.28K	127.61K	126.89K	3.02K	112K	86K	1.38M	7.19M	12.2M
Other Income/Expense	-142.08K	-157.6K	-21.41K	-63.73K	1.07M	-85.78K	-308.35K	-914K	-6.71M	-10.37M
Pretax Income+	-1.09M	517.61K	350.02K	417.89K	-1.57M	-2.76M	-13.15M	-81.34M	-84.44M	-36.59M
Pretax Margin %	-0.07%	0.02%	0.01%	0.01%	-0.04%	-72.69%	-0.45%	-1.63%	-1.98%	-1.24%
Income Tax+	96K	27.61K	29.47K	94.81K	-38.92K	0	262K	-776K	171K	557K
Effective Tax Rate %	1.12%	0.71%	0.78%	0.38%	1%	1%	0.99%	1%	1.04%	1.09%
Net Income+	-1.22M	368.87K	272.45K	157.82K	-1.57M	-2.76M	-13.03M	-81.59M	-87.45M	-39.76M
Net Margin %	-0.08%	0.02%	0.01%	0%	-0.04%	-72.63%	-0.44%	-1.63%	-2.05%	-1.34%
Net Income Growth %	0.2%	1.3%	-0.26%	-0.42%	-10.94%	-0.76%	-3.72%	-5.26%	-0.07%	0.55%
Net Income (Continuing)	-1.18M	490K	320.55K	299.51K	-1.65M	-2.76M	-13.52M	-80.57M	-84.61M	-37.15M
Discontinued Operations	0	0	0	0	0	0	107K	569K	-2.03M	-1.89M
Minority Interest	597.52K	719.73K	837.35K	937.98K	1.2M	1.86M	1.05M	2.4M	2.78M	-30K
EPS (Diluted)+	-0.09	0.02	0.02	0.01	-0.03	-0.76	-2.75	-9.63	-8.82	-15.03
EPS Growth %	0.26%	1.25%	-0.29%	-0.34%	-3.95%	-24.17%	-2.62%	-2.5%	0.08%	-0.7%
EPS (Basic)	-0.09	0.02	0.02	0.01	-0.03	-0.76	-1.69	-9.63	-8.82	-3.96
Diluted Shares Outstanding	13.74M	16.86M	17.51M	1.54M	1.92M	3.63M	4.98M	8.53M	9.69M	2.65M
Basic Shares Outstanding	13.74M	15.9M	16.26M	1.54M	1.92M	3.63M	7.69M	8.47M	9.92M	10.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.2M	10.22M	12.74M	12.49M	13.68M	1.42M	49.73M	33.2M	20.11M	18.4M
Cash & Short-Term Investments	1.86M	3.23M	2.62M	1.82M	1.2M	1.26M	13.97M	3.99M	3.52M	3.08M
Cash Only	1.79M	3.23M	2.62M	1.82M	1.2M	3.32M	13.97M	3.99M	3.52M	3.08M
Short-Term Investments	72.22K	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.29M	6.94M	8.92M	10.51M	12.5M	162.96K	27.19M	24.06M	9.87M	7.9M
Days Sales Outstanding	119.08	118.67	120.9	117.81	129.91	1.57K	336.02	175.61	84.43	97.5
Inventory	0	0	0	0	0	0	1.84M	1.9M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	23.95	13.32	-	-
Other Current Assets	0	0	1.07M	0	-25.25K	-56K	1.2M	2.79M	5.24M	6.29M
Total Non-Current Assets+	602.41K	1.2M	1.27M	2.06M	5.51M	6.09M	70.48M	41.59M	12.48M	9.01M
Property, Plant & Equipment	332.04K	337.26K	339.9K	460.83K	4.02M	3.86M	9.38M	7.82M	3.54M	2.64M
Fixed Asset Turnover	48.86x	63.31x	79.18x	70.64x	8.74x	0.01x	3.15x	6.39x	12.03x	11.21x
Goodwill	124.9K	208.9K	231.59K	414.26K	424.33K	480.71K	30.84M	13.7M	2.47M	1.87M
Intangible Assets	72.73K	276.72K	262.99K	532.01K	439.96K	382.27K	22.61M	16.2M	5.42M	4.34M
Long-Term Investments	32.9K	71.45K	74.6K	94.2K	94.96K	30.75K	1.13M	3.87M	876K	165K
Other Non-Current Assets	0	2	2	2	-5.05K	-83.24K	2.38M	0	177K	0
Total Assets+	7.81M	11.42M	14.01M	14.55M	19.19M	20.49M	120.21M	74.79M	32.59M	27.42M
Asset Turnover	2.08x	1.87x	1.92x	2.24x	1.83x	0.00x	0.25x	0.67x	1.31x	1.08x
Asset Growth %	0.03%	0.46%	0.23%	0.04%	0.32%	0.07%	4.87%	-0.38%	-0.56%	-0.16%
Total Current Liabilities+	3.59M	5.72M	7.57M	7.54M	9.3M	376.3K	37.94M	57.84M	74.43M	106.07M
Accounts Payable	577.22K	738.7K	1.29M	747.98K	0	0	14.99M	13.77M	9.87M	8.2M
Days Payables Outstanding	15.55	16.15	21.15	10.16	-	-	195.42	96.58	78.22	114.61
Short-Term Debt	144.95K	527.72K	2.13M	2.64M	4.37M	56.99K	11.28M	13.43M	26.2M	38.3M
Deferred Revenue (Current)	0	0	0	0	29.92K	0	0	1000K	1000K	680K
Other Current Liabilities	1.64M	2.73M	1.9M	1.91M	3.19M	-56.99K	618.17K	-3.47M	5.21M	20.89M
Current Ratio	2.00x	1.79x	1.68x	1.66x	1.47x	3.79x	1.31x	0.57x	0.27x	0.17x
Quick Ratio	2.00x	1.79x	1.68x	1.66x	1.47x	3.79x	1.26x	0.54x	0.27x	0.17x
Cash Conversion Cycle	-	-	-	-	-	-	164.55	92.36	-	-
Total Non-Current Liabilities+	626.31K	1.26M	1.29M	1.3M	4.24M	565.69K	17M	8.15M	8.89M	2.16M
Long-Term Debt	32.9K	225.79K	178.88K	499.63K	98.55K	0	3.8M	0	0	0
Capital Lease Obligations	0	0	0	0	2.59M	29.54K	6.06M	5M	1.71M	1.21M
Deferred Tax Liabilities	148.55K	154.34K	146.9K	178.76K	202.57K	266.44K	4.73M	161K	116K	79K
Other Non-Current Liabilities	444.87K	882.13K	962.94K	623.27K	156.5K	-267.22K	1.44M	2.1M	6.92M	651K
Total Liabilities	4.22M	6.98M	8.85M	8.84M	13.55M	11.96M	54.47M	65.98M	83.32M	108.23M
Total Debt+	177.84K	753.51K	2.31M	3.14M	7.32M	86.45K	23.15M	19.9M	28.77M	40.48M
Net Debt	-1.61M	-2.48M	-305.62K	1.32M	5.73M	1.46M	9.18M	15.9M	25.25M	37.4M
Debt / Equity	0.06x	0.20x	0.52x	0.63x	1.30x	0.01x	0.35x	2.26x	-	-
Debt / EBITDA	-	0.93x	4.37x	3.81x	-	-	-	-	-	-
Net Debt / EBITDA	-	-3.06x	-0.58x	1.60x	-	-	-	-	-	-
Interest Coverage	-14.09x	13.43x	2.91x	5.19x	-506.59x	-23.90x	-149.30x	-58.11x	-10.80x	-2.15x
Total Equity+	2.85M	3.7M	4.42M	4.97M	5.64M	8.53M	65.74M	8.81M	-50.73M	-80.82M
Equity Growth %	-0.23%	0.3%	0.19%	0.13%	0.13%	0.51%	6.71%	-0.87%	-6.76%	-0.59%
Book Value per Share	0.21	0.22	0.25	3.23	2.93	2.35	13.19	1.03	-5.24	-30.55
Total Shareholders' Equity	2.25M	2.98M	3.58M	4.03M	4.44M	679.2K	64.7M	6.41M	-53.51M	-80.79M
Common Stock	121.56K	165.51K	183.77K	215.43K	229.16K	15.86M	70.76M	81.62M	103.39M	117.25M
Retained Earnings	-6.78M	-6.49M	-6.91M	-6.27M	-6.81M	-4.57M	-17.45M	-99.04M	-186.49M	-226.25M
Treasury Stock	-74.79K	-75.61K	-83.82K	-77.88K	-84.04K	0	-1.23M	-1.23M	-1.23M	-1.23M
Accumulated OCI	-88.15K	-20.53K	-50.7K	-24.09K	0	34.57K	0	14.7M	19.91M	18.52M
Minority Interest	597.52K	719.73K	837.35K	937.98K	1.2M	1.86M	1.05M	2.4M	2.78M	-30K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-256.61K	1.44M	-1.53M	-1.78M	-1.35M	5.01M	-5.28M	-23.43M	-16.2M	-17.11M
Operating CF Margin %	-0.02%	0.07%	-0.06%	-0.05%	-0.04%	131.73%	-0.18%	-0.47%	-0.38%	-0.58%
Operating CF Growth %	0.7%	6.61%	-2.06%	-0.16%	0.24%	4.7%	-2.05%	-3.44%	0.31%	-0.06%
Net Income	-1.22M	368.87K	272.45K	153.26K	-1.57M	1.76M	-14.13M	-80M	-86.64M	-39.03M
Depreciation & Amortization	152.89K	134.16K	157.08K	225.85K	41.94K	1.83M	1.85M	7.79M	7.64M	2.38M
Stock-Based Compensation	0	0	0	0	0	19.25K	5.9M	10.52M	7.12M	2.07M
Deferred Taxes	26.51K	4.17K	-49.21K	89.84K	0	-805.84K	0	-1.06M	-39K	-37K
Other Non-Cash Items	-38.35K	24.23K	77.57K	324.6K	3.02K	4.35K	695.95K	22.84M	41.68M	8.7M
Working Capital Changes	824.66K	907.32K	-1.98M	-2.57M	171.05K	2.19M	399.78K	16.48M	14.04M	8.81M
Change in Receivables	-71.04K	142.49K	-1.39M	-1.59M	0	1.59M	0	-1.45M	13.24M	1.89M
Change in Inventory	0	0	0	0	0	0	-1.2M	-288K	1.81M	0
Change in Payables	-147.22K	88.83K	166.81K	-546.55K	0	-368.92K	0	544K	-3.44M	-1.59M
Cash from Investing+	67.18K	-233.15K	-801.23K	-463.39K	-65.24K	-100.3K	-15.95M	-6.55M	2.14M	-452K
Capital Expenditures	-204.11K	-81.8K	-76.17K	-260.62K	-65.24K	-100.3K	-469.84K	-624K	-297K	-84K
CapEx % of Revenue	0.01%	0%	0%	0.01%	0%	2.64%	0.02%	0.01%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	319.41K	17.19K	0	0	0	0	-343.25K	-5.26M	2.43M	-368K
Cash from Financing+	349.53K	221.95K	1.41M	1.6M	2.85M	2.31M	32.7M	20.66M	12.93M	17.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	23.16K	1.56K	-16.96K	-278	31.11K	327.44K	-28.79K	1.07M	2M	-6.77M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-442.19K	1.38M	-1.6M	-2.03M	-1.42M	4.91M	-6.42M	-24.06M	-16.5M	-17.19M
FCF Margin %	-0.03%	0.06%	-0.06%	-0.06%	-0.04%	129.09%	-0.22%	-0.48%	-0.39%	-0.58%
FCF Growth %	0.52%	4.12%	-2.16%	-0.27%	0.3%	4.46%	-2.31%	-2.75%	0.31%	-0.04%
FCF per Share	-0.03	0.08	-0.09	-1.32	-0.74	1.35	-1.29	-2.82	-1.70	-6.50
FCF Conversion (FCF/Net Income)	0.21x	3.90x	-5.60x	-11.26x	0.86x	-1.81x	0.41x	0.29x	0.19x	0.43x
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-37.24%	11.27%	6.71%	3.36%	-29.57%	-38.95%	-35.09%	-218.89%	-	-
Return on Invested Capital (ROIC)	-40.2%	41.2%	10.45%	9.48%	-12.69%	-23.53%	-24.01%	-121.08%	-	-
Gross Margin	16.46%	21.79%	17.09%	17.49%	14.71%	15486.01%	17.59%	-4.09%	-7.93%	11.66%
Net Margin	-7.53%	1.73%	1.01%	0.48%	-4.47%	-7263.16%	-44.12%	-163.18%	-205%	-134.49%
Debt / Equity	0.06x	0.20x	0.52x	0.63x	1.30x	0.01x	0.35x	2.26x	-	-
Interest Coverage	-14.09x	13.43x	2.91x	5.19x	-506.59x	-23.90x	-149.30x	-58.11x	-10.80x	-2.15x
FCF Conversion	0.21x	3.90x	-5.60x	-11.26x	0.86x	-1.81x	0.41x	0.29x	0.19x	0.43x
Revenue Growth	7.77%	31.61%	26.05%	20.94%	7.9%	-99.89%	77618.42%	69.31%	-14.69%	-30.7%

Revenue by Geography

	2022	2023	2024
ISRAEL	76.13M	40.36M	27.81M
ISRAEL Growth	-	-46.98%	-31.11%
Europe	2.98M	1.67M	1.05M
Europe Growth	-	-44.05%	-36.79%
UNITED STATES	-	-	699K
UNITED STATES Growth	-	-	-
America Member	339K	334K	-
America Member Growth	-	-1.47%	-
Asia Pacific	294K	290K	-
Asia Pacific Growth	-	-1.36%	-

Frequently Asked Questions

Growth & Financials

HUB Cyber Security Ltd. (HUBC) reported $72.2M in revenue for fiscal year 2024. This represents a 347% increase from $16.2M in 2011.

HUB Cyber Security Ltd. (HUBC) saw revenue decline by 30.7% over the past year.

HUB Cyber Security Ltd. (HUBC) reported a net loss of $127.2M for fiscal year 2024.

Dividend & Returns

HUB Cyber Security Ltd. (HUBC) had negative free cash flow of $33.7M in fiscal year 2024, likely due to heavy capital investments.