USBC, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 09/30/25 | FY 09/30/24 | FY 09/30/23 | FY 09/30/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | — | — | — | $0 | $4.4M |
| Selling, general & administrative | — | $16.3M | $9.1M | $6.6M | $8.1M |
| Research and development | — | $1.8M | $6.1M | $7.7M | $5.4M |
| Operating expenses | — | $18.0M | $15.2M | $14.0M | $16.9M |
| Operating income | — | -$18.0M | -$15.2M | -$14.0M | -$12.6M |
| Interest expense | — | $1.2M | $830,948 | $389,626 | $8.0M |
| Pretax income | — | -$22.3M | -$16.6M | -$15.3M | -$20.1M |
| Income tax expense | — | -$172,843 | $0 | $0 | $0 |
| Net income | — | -$22.1M | -$16.6M | -$15.3M | -$20.1M |
| Balance Sheet | |||||
| Cash and equivalents | $4.1M | $8.8M | $3.1M | $8.0M | $12.6M |
| Current assets | $6.8M | $9.8M | $3.1M | $8.0M | $12.6M |
| Total assets | $93.7M | $125.1M | $3.7M | $8.3M | $13.8M |
| Current liabilities | $3.7M | $3.7M | $5.2M | $4.5M | $3.8M |
| Total liabilities | $12.1M | $28.0M | $5.8M | $4.5M | — |
| Total debt | — | — | $4.7M | $2.8M | — |
| Stockholders' equity | $81.5M | $97.1M | -$2.2M | $3.7M | $9.9M |
| Cash Flow Statement | |||||
| Cash from operations | — | -$7.6M | -$12.8M | -$10.4M | -$6.9M |
| Depreciation and amortization | — | $31,367 | $80,881 | $313,019 | $320,995 |
| Stock-based compensation | — | $7.4M | $3.0M | $3.0M | — |
| Capital expenditure | — | $0 | $66,352 | $80,797 | $855,468 |
| Free cash flow | — | -$7.6M | -$12.9M | -$10.4M | -$7.8M |
| Dividends paid | — | — | — | $1.6M | $0 |
| Share repurchases | — | — | — | $0 | $855,321 |
Shares outstanding 388.1M
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.