Spectral Capital Financials
This page shows Spectral Capital (FCCN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Recent filings show capital-structure churn overshadowing operating activity, with overhead and share-count shifts dominating the visible economics.
The clearest usable year, FY2022, showed$98K of revenue with a100.0% gross margin, yet SG&A of$195K and operating cash outflow of-$45K ; that combination points to overhead, not production costs, as the main drain on the business. By FY2023-FY2024, assets moved from$240 to$114K without a matching return of operating detail, so the balance sheet changed more than the underlying business activity did.
A second pattern is the rapidly shifting share count: outstanding shares moved from 117.9M in FY2021 to 420.2M in FY2022, and later sat at a much different base by FY2024, which means ownership structure changed far more dramatically than sales or cash generation. In practical terms, the filings read less like a scaled operating company and more like a corporation whose main visible activity has been recapitalization while carrying fixed overhead.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Spectral Capital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Key Financial Metrics
Earnings & Revenue
Spectral Capital earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 116.7% from the prior year.
Cash & Balance Sheet
Spectral Capital had 88M shares outstanding in fiscal year 2025. This represents an increase of 30.4% from the prior year.
Margins & Returns
Capital Allocation
Spectral Capital invested $0 in research and development in fiscal year 2025.
FCCN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $328.5M | N/A | $3.1M | $0 | $0 | N/A | $0 | $0 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $2.2M | N/A | $710K | $0 | $0 | N/A | $0 | $0 |
| R&D Expenses | N/A | N/A | $0 | N/A | $0 | N/A | $548K | N/A |
| SG&A Expenses | $2.4M | N/A | $221K | N/A | N/A | N/A | $416K-7.3% | $448K |
| Operating Income | -$3.0M | N/A | -$972K | N/A | N/A | N/A | -$1.2M-146.7% | -$484K |
| Interest Expense | $415K | N/A | $3K | N/A | $0 | N/A | $0 | N/A |
| Income Tax | $100K | N/A | -$3K | N/A | $0 | N/A | $0 | N/A |
| Net Income | -$9.5M | N/A | -$946K | N/A | N/A | N/A | -$1.2M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FCCN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $380.4M+152.0% | $151.0M+527.8% | $24.0M+395518.2% | $6K-71.9% | $22K-81.0% | $114K-65.0% | $325K+217.0% | $103K |
| Current Assets | $290.9M+389.3% | $59.5M+1440.7% | $3.9M+63387.5% | $6K-71.9% | $22K-81.0% | $114K-40.2% | $191K+85.6% | $103K |
| Cash & Equivalents | $2.7M+29.6% | $2.1M+389.6% | $426K+6913.7% | $6K-72.4% | $22K | $0-100.0% | $191K+85.6% | $103K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $272.6M+738.0% | $32.5M+2133.2% | $1.5M | N/A | N/A | $0 | N/A | N/A |
| Goodwill | $48.7M0.0% | $48.7M+998.7% | $4.4M | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $345.1M+223.7% | $106.6M+1540.4% | $6.5M+1334.3% | $453K-53.0% | $963K+18.7% | $811K+358.5% | $177K+25.5% | $141K |
| Current Liabilities | $340.5M+233.8% | $102.0M+1520.5% | $6.3M | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $35.4M-20.3% | $44.4M+152.9% | $17.5M+4026.1% | -$447K+52.5% | -$942K-35.0% | -$697K-569.4% | $149K+488.5% | -$38K |
| Retained Earnings | -$42.8M-28.1% | -$33.4M+8.3% | -$36.4M-2.7% | -$35.5M-1.4% | -$35.0M-1.9% | -$34.3M-9.7% | -$31.3M-4.0% | -$30.1M |
FCCN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$523K+46.9% | -$984K-4278.6% | -$22K | N/A | N/A | N/A | -$743K-546.7% | -$115K |
| Capital Expenditures | $6K+567.4% | $899 | N/A | N/A | $0 | $0 | N/A | N/A |
| Free Cash Flow | -$529K+46.3% | -$985K | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$45K-104.5% | $1000K+423.7% | $191K | $0 | $0-100.0% | $129K+200.0% | -$129K | $0 |
| Financing Cash Flow | $1.3M-16.9% | $1.5M+502.9% | $254K | N/A | N/A | $556K-42.1% | $960K+343.3% | $217K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FCCN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.7% | N/A | 22.6% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -0.9% | N/A | -31.0% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -2.9% | N/A | -30.1% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -26.8% | N/A | -5.4% | N/A | N/A | N/A | -804.4% | N/A |
| Return on Assets | -2.5% | N/A | -3.9% | N/A | N/A | N/A | -367.1% | N/A |
| Current Ratio | 0.85+0.3 | 0.58-0.0 | 0.61 | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.76+7.4 | 2.40+2.0 | 0.37+1.4 | -1.010.0 | -1.02+0.1 | -1.16-2.4 | 1.19+4.9 | -3.69 |
| FCF Margin | -0.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What are Spectral Capital's total assets?
Spectral Capital (FCCN) had $6K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Spectral Capital's debt-to-equity ratio?
Spectral Capital (FCCN) had a debt-to-equity ratio of -1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
How financially healthy is Spectral Capital?
Spectral Capital (FCCN) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.