What is Freight Tech's earnings per share (EPS)?

Freight Tech (FRGT) reported diluted earnings per share of $-6.14 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Freight Tech Financials

FRGT

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Freight Tech (FRGT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Financial Health Signals

Financial Profile 3/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Freight Tech has an operating margin of -47.3%, meaning the company retains $-47 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -48.4% the prior year.

Growth

Freight Tech's revenue declined 19.5% year-over-year, from $17.1M to $13.7M. This contraction results in a growth score of 1/100.

Liquidity

Freight Tech's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.

Cash Flow

While Freight Tech generated -$4.2M in operating cash flow, capex of $10K consumed most of it, leaving -$4.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Freight Tech passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.75x

For every $1 of reported earnings, Freight Tech generates $0.75 in operating cash flow (-$4.2M OCF vs -$5.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-9.6x

Freight Tech earns $-9.6 in operating income for every $1 of interest expense (-$6.5M vs $674K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$13.7M

YoY-19.5%

5Y CAGR+58.6%

Freight Tech generated $13.7M in revenue in fiscal year 2024. This represents a decrease of 19.5% from the prior year.

EBITDA

-$6.1M

YoY+22.9%

Freight Tech's EBITDA was -$6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.9% from the prior year.

Net Income

-$5.6M

YoY+40.0%

Freight Tech reported -$5.6M in net income in fiscal year 2024. This represents an increase of 40.0% from the prior year.

EPS (Diluted)

$-6.14

Freight Tech earned $-6.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 96.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$4.2M

YoY+27.6%

Freight Tech generated -$4.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 27.6% from the prior year.

Cash & Debt

$204K

YoY-86.9%

5Y CAGR+72.0%

Freight Tech held $204K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

546,269

Freight Tech had 546,269 shares outstanding in fiscal year 2024. This represents a decrease of 97.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-47.3%

YoY+1.2pp

5Y CAGR-1.3pp

Freight Tech's operating margin was -47.3% in fiscal year 2024, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

-40.8%

YoY+13.9pp

5Y CAGR+4496.3pp

Freight Tech's net profit margin was -40.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$10K

YoY-72.4%

Freight Tech invested $10K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 72.4% from the prior year.

FRGT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$13.7M-19.5%	$17.1M-34.1%	$25.9M+20.6%	$21.5M+3474681.7%	$618-100.0%	$1.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$123
Gross Profit	N/A	N/A	N/A	N/A	$618-100.0%	$1.4M
R&D Expenses	N/A	N/A	N/A	$0	$0	$0
SG&A Expenses	$2.0M-37.3%	$3.2M-11.1%	$3.6M+36.0%	$2.6M-36.5%	$4.1M+117.8%	$1.9M
Operating Income	-$6.5M+21.4%	-$8.3M-17.0%	-$7.1M-46.8%	-$4.8M-16.3%	-$4.1M-558.5%	-$628K
Interest Expense	$674K-16.6%	$808K-10.9%	$907K-20.2%	$1.1M	N/A	N/A
Income Tax	$67K-35.7%	$105K+16.0%	$91K+124.8%	$40K	N/A	$7K
Net Income	-$5.6M+40.0%	-$9.3M-13.9%	-$8.2M+0.2%	-$8.2M+9.6%	-$9.1M+85.4%	-$62.0M
EPS (Diluted)	$-6.14	$-194.87-829.7%	$-20.96+80.1%	$-105.35	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q4'22	Q4'21
Revenue	$3.0M-27.1%	$4.1M	N/A	$3.8M-10.5%	$4.3M	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$663K+11.1%	$597K	N/A	$940K+28.5%	$732K	N/A	N/A	N/A
Operating Income	-$1.5M-0.5%	-$1.5M	N/A	-$1.7M+18.2%	-$2.1M	N/A	N/A	N/A
Interest Expense	$208K+54.4%	$135K	N/A	$232K+34.2%	$173K	N/A	N/A	N/A
Income Tax	$19K+524.6%	$3K	N/A	$40K	N/A	N/A	N/A	N/A
Net Income	$649K+140.5%	-$1.6M	N/A	-$2.0M+13.4%	-$2.3M	N/A	N/A	N/A
EPS (Diluted)	$0.02+102.7%	$-0.73	N/A	$-24.66-129.2%	$-10.76	N/A	N/A	N/A

FRGT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.7M-43.3%	$10.0M-3.6%	$10.4M+12.1%	$9.3M+159.2%	$3.6M-35.7%	$5.6M
Current Assets	$5.0M-44.8%	$9.2M-3.2%	$9.5M+11.0%	$8.5M+145.5%	$3.5M-37.6%	$5.6M
Cash & Equivalents	$204K-86.9%	$1.6M+54.0%	$1.0M-67.9%	$3.2M-3.7%	$3.3M+24034.2%	$14K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.5M-34.1%	$5.4M+7.6%	$5.0M+72.2%	$2.9M	N/A	$7K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.3M-14.4%	$7.4M+1.7%	$7.3M-60.1%	$18.3M+286.1%	$4.7M+55.1%	$3.0M
Current Liabilities	$6.3M-11.5%	$7.2M-1.6%	$7.3M-60.1%	$18.3M+901.2%	$1.8M-12.7%	$2.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$655K-124.9%	$2.6M-16.1%	$3.1M+134.9%	-$9.0M-682.2%	-$1.1M-145.5%	$2.5M
Retained Earnings	-$44.9M-14.2%	-$39.3M-31.1%	-$30.0M-37.6%	-$21.8M+36.9%	-$34.5M-36.1%	-$25.4M

Metric	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q4'22	Q4'21
Total Assets	$17.1M+27.1%	$13.4M+135.8%	$5.7M	N/A	N/A	$10.0M-3.6%	$10.4M+12.1%	$9.3M
Current Assets	$8.1M+6.4%	$7.6M+50.7%	$5.0M	N/A	N/A	$9.2M-3.2%	$9.5M+11.0%	$8.5M
Cash & Equivalents	$587K+40.9%	$416K+104.1%	$204K-55.7%	$461K+20.3%	$383K-75.5%	$1.6M+54.0%	$1.0M-67.9%	$3.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.6M+46.0%	$3.8M+8.8%	$3.5M	N/A	N/A	$5.4M+7.6%	$5.0M+72.2%	$2.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.3M+14.0%	$7.3M+14.4%	$6.3M	N/A	N/A	$7.4M+1.7%	$7.3M-60.1%	$18.3M
Current Liabilities	$8.3M+14.0%	$7.3M+14.4%	$6.3M	N/A	N/A	$7.2M-1.6%	$7.3M-60.1%	$18.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.8M+42.6%	$6.2M+1040.7%	-$655K-1923.6%	-$32K-104.2%	$775K-70.5%	$2.6M-16.1%	$3.1M+134.9%	-$9.0M
Retained Earnings	-$45.9M+1.4%	-$46.5M-3.6%	-$44.9M	N/A	N/A	-$39.3M-31.1%	-$30.0M-37.6%	-$21.8M

FRGT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.2M+27.4%	-$5.8M+31.6%	-$8.5M-42.8%	-$5.9M-55.3%	-$3.8M-256.4%	-$1.1M
Capital Expenditures	$10K-72.4%	$35K+105.3%	$17K+35.0%	$13K-88.4%	$108K	N/A
Free Cash Flow	-$4.2M+27.6%	-$5.8M+31.4%	-$8.5M-42.8%	-$5.9M-51.3%	-$3.9M	N/A
Investing Cash Flow	-$346K+4.9%	-$363K+4.5%	-$381K+19.1%	-$470K-335.2%	-$108K+46.0%	-$200K
Financing Cash Flow	$4.2M-37.6%	$6.8M+3.5%	$6.6M-3.8%	$6.8M+59.7%	$4.3M+13811.1%	-$31K
Dividends Paid	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

Metric	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	-$1.9M+37.3%	-$3.1M	N/A	-$1.6M+51.1%	-$3.3M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	$1-99.9%	$2K	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$1.6M+51.1%	-$3.3M	N/A	N/A	N/A
Investing Cash Flow	-$911K-1139.9%	-$73K	N/A	-$86K+3.0%	-$88K	N/A	N/A	N/A
Financing Cash Flow	$3.0M-12.7%	$3.4M	N/A	$1.8M-17.4%	$2.1M	N/A	N/A	N/A
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

FRGT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	100.0%0.0pp	100.0%
Operating Margin	-47.3%+1.2pp	-48.4%-21.1pp	-27.3%-4.9pp	-22.4%+668786.4pp	-668808.7%-668762.8pp	-45.9%
Net Margin	-40.8%+13.9pp	-54.7%-23.0pp	-31.6%+6.6pp	-38.2%+1468465.5pp	-1468503.7%-1463966.6pp	-4537.1%
Return on Equity	N/A	-355.1%-93.6pp	-261.4%	N/A	N/A	-2460.1%
Return on Assets	-98.4%-5.5pp	-92.9%-14.3pp	-78.6%+9.7pp	-88.3%+165.0pp	-253.3%+859.9pp	-1113.2%
Current Ratio	0.80-0.5	1.28-0.0	1.30+0.8	0.47-1.4	1.90-0.8	2.66
Debt-to-Equity	-9.69-12.5	2.82+0.5	2.33+4.4	-2.04+2.1	-4.12-5.3	1.21
FCF Margin	-30.7%+3.4pp	-34.2%-1.4pp	-32.8%-5.1pp	-27.7%+635370.4pp	-635398.1%	N/A

Metric	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-49.2%-13.5pp	-35.7%	N/A	-44.4%+4.2pp	-48.6%	N/A	N/A	N/A
Net Margin	21.7%+60.8pp	-39.1%	N/A	-50.9%+1.7pp	-52.6%	N/A	N/A	N/A
Return on Equity	7.4%+33.4pp	-26.0%	N/A	N/A	-291.3%	N/A	N/A	N/A
Return on Assets	3.8%+15.8pp	-11.9%	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.98-0.1	1.05+0.3	0.80	N/A	N/A	1.28-0.0	1.30+0.8	0.47
Debt-to-Equity	0.94-0.2	1.18+10.9	-9.69	N/A	N/A	2.82+0.5	2.33+4.4	-2.04
FCF Margin	N/A	N/A	N/A	-41.5%+34.6pp	-76.1%	N/A	N/A	N/A

Note: Shareholder equity is negative (-$655K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Freight Tech's annual revenue?

Freight Tech (FRGT) reported $13.7M in total revenue for fiscal year 2024. This represents a -19.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Freight Tech's revenue growing?

Freight Tech (FRGT) revenue declined by 19.5% year-over-year, from $17.1M to $13.7M in fiscal year 2024.

Is Freight Tech profitable?

No, Freight Tech (FRGT) reported a net income of -$5.6M in fiscal year 2024, with a net profit margin of -40.8%.

What is Freight Tech's EBITDA?

Freight Tech (FRGT) had EBITDA of -$6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Freight Tech's operating margin?

Freight Tech (FRGT) had an operating margin of -47.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Freight Tech's net profit margin?

Freight Tech (FRGT) had a net profit margin of -40.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Freight Tech's free cash flow?

Freight Tech (FRGT) generated -$4.2M in free cash flow during fiscal year 2024. This represents a 27.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Freight Tech's operating cash flow?

Freight Tech (FRGT) generated -$4.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Freight Tech's total assets?

Freight Tech (FRGT) had $5.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Freight Tech's capital expenditures?

Freight Tech (FRGT) invested $10K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Freight Tech have outstanding?

Freight Tech (FRGT) had 546,269 shares outstanding as of fiscal year 2024.

What is Freight Tech's current ratio?

Freight Tech (FRGT) had a current ratio of 0.80 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Freight Tech's debt-to-equity ratio?

Freight Tech (FRGT) had a debt-to-equity ratio of -9.69 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Freight Tech's return on assets (ROA)?

Freight Tech (FRGT) had a return on assets of -98.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Freight Tech's cash runway?

Based on fiscal year 2024 data, Freight Tech (FRGT) had $204K in cash against an annual operating cash burn of $4.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Freight Tech's debt-to-equity ratio negative or unusual?

Freight Tech (FRGT) has negative shareholder equity of -$655K as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Freight Tech's Piotroski F-Score?

Freight Tech (FRGT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Freight Tech's earnings high quality?

Freight Tech (FRGT) has an earnings quality ratio of 0.75x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Freight Tech cover its interest payments?

Freight Tech (FRGT) has an interest coverage ratio of -9.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Freight Tech?

Freight Tech (FRGT) scores 3 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.