What is Hawkeye Systems's earnings per share (EPS)?

Hawkeye Systems (HWKE) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a 25.0% change compared to the previous fiscal year. 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.

Hawkeye Systems Financials

HWKE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows Hawkeye Systems (HWKE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Rhea AI HWKE FY2025 2026-04-22

Hawkeye’s filings show a near-zero operating footprint sustained by small financing inflows rather than self-generated cash.

From FY2023 to FY2025, operating cash burn improved from -$316K to -$170K, but liquidity still deteriorated: cash fell from $144K to $502 because financing inflows mostly filled the operating hole instead of rebuilding working capital.

The latest balance sheet looks less like a functioning cushion and more like a pass-through for survival funding: FY2025 shows just $58K of assets against $3.1M of liabilities, while SG&A of only $78K suggests the company has been cut back to a minimal administrative footprint rather than operating at commercial scale.

Some figures from recent filings were inconsistent and were omitted from this summary.

Financial Health Signals

Financial Profile 0/100

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 Hawkeye Systems'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.

Leverage

Hawkeye Systems has elevated debt relative to equity (D/E of -1.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Hawkeye Systems's current ratio of 0.00 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-0.06

YoY+25.0%

Hawkeye Systems earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$502

5Y CAGR-77.7%

Hawkeye Systems held $502 in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.5%

Hawkeye Systems had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

HWKE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$0	$0	$0-100.0%	$2.6M-15.4%	$3.0M
Cost of Revenue	N/A	$0	$0	$0-100.0%	$2.6M+29.3%	$2.0M
Gross Profit	N/A	$0	$0	$0+100.0%	-$20K-101.9%	$1.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$78K	N/A	$89K	N/A	$167K-36.9%	$264K
Operating Income	-$271K	N/A	-$1.1M	N/A	-$2.6M-118.7%	-$1.2M
Interest Expense	N/A	N/A	$0	$0-100.0%	$15K-68.9%	$47K
Income Tax	$0	$0	$0	N/A	$0	$0
Net Income	N/A	N/A	-$1.2M	N/A	-$5.2M-100.1%	-$2.6M
EPS (Diluted)	$-0.06+25.0%	$-0.08	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	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	$7K+5.1%	$6K	N/A	$6K-23.9%	$8K-6.6%	$8K	N/A	$14K
Operating Income	-$38K-13.1%	-$34K	N/A	-$40K-62.2%	-$25K	N/A	N/A	-$40K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	N/A	$0	$0	$0	N/A	$0
Net Income	-$108K-6.2%	-$102K	N/A	-$103K	N/A	N/A	N/A	-$99K
EPS (Diluted)	$-0.010.0%	$-0.01	N/A	$-0.010.0%	$-0.01+50.0%	$-0.02	N/A	$-0.01

HWKE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$58K+2216.7%	$3K-99.7%	$987K+59409.6%	$2K-99.7%	$531K-64.0%	$1.5M
Current Assets	$3K+24.1%	$3K-99.7%	$987K+59409.6%	$2K-99.4%	$285K-80.7%	$1.5M
Cash & Equivalents	$502	$0-100.0%	$144K+44164.9%	$325-99.9%	$282K-69.1%	$912K
Inventory	N/A	N/A	N/A	N/A	$0-100.0%	$510K
Accounts Receivable	$0	N/A	N/A	$0	$0-100.0%	$48K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.1M+20.3%	$2.6M-25.7%	$3.5M+66.7%	$2.1M-7.9%	$2.3M+73.5%	$1.3M
Current Liabilities	$2.7M+24.4%	$2.2M-29.4%	$3.1M+84.4%	$1.7M+6.5%	$1.6M+18.5%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$3.1M-18.2%	-$2.6M-3.2%	-$2.5M-19.9%	-$2.1M-19.9%	-$1.8M-1203.2%	$159K
Retained Earnings	-$13.2M-4.1%	-$12.7M-4.8%	-$12.1M-11.3%	-$10.9M-12.0%	-$9.7M-115.4%	-$4.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$76K-5.2%	$80K+37.8%	$58K+83.9%	$31K+202.8%	$10K-27.3%	$14K+472.3%	$3K-99.9%	$1.7M
Current Assets	$11K-27.7%	$15K+383.7%	$3K-90.2%	$31K+202.8%	$10K-27.3%	$14K+472.3%	$3K-99.9%	$1.7M
Cash & Equivalents	$167-47.5%	$318-36.7%	$502-98.0%	$25K	$0-100.0%	$7	$0-100.0%	$58
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$0	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.3M+3.3%	$3.1M+0.4%	$3.1M+5.1%	$3.0M+4.3%	$2.9M+3.0%	$2.8M+6.5%	$2.6M-38.3%	$4.2M
Current Liabilities	$2.8M+3.8%	$2.7M+0.5%	$2.7M+6.0%	$2.5M+5.1%	$2.4M+3.6%	$2.3M+7.8%	$2.2M-42.8%	$3.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$3.2M-3.5%	-$3.1M+0.3%	-$3.1M-4.3%	-$3.0M-3.6%	-$2.8M-3.2%	-$2.8M-6.0%	-$2.6M-3.7%	-$2.5M
Retained Earnings	-$13.4M-0.8%	-$13.3M-0.8%	-$13.2M-1.3%	-$13.0M-0.8%	-$12.9M-0.7%	-$12.8M-1.2%	-$12.7M-0.7%	-$12.6M

HWKE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$170K	N/A	-$316K	N/A	-$1.9M-2865.5%	-$66K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$55K	N/A	-$800K	N/A	$462K+392.4%	-$158K
Financing Cash Flow	$225K	N/A	$1.3M	N/A	$854K-23.5%	$1.1M
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	$140K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$29K+51.2%	-$60K-82.4%	-$33K-81.4%	-$18K	N/A	-$56K	N/A	-$9K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0+100.0%	-$10K+81.8%	-$55K	$0	$0	$0	N/A	-$15K
Financing Cash Flow	$29K-58.3%	$69K+10.2%	$63K+46.5%	$43K	N/A	$56K	N/A	$24K
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

HWKE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	-0.8%-34.8pp	34.0%
Operating Margin	N/A	N/A	N/A	N/A	-101.8%-62.4pp	-39.4%
Net Margin	N/A	N/A	N/A	N/A	-203.5%-117.4pp	-86.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-1634.8%
Return on Assets	N/A	N/A	-124.3%	N/A	-980.4%-804.2pp	-176.1%
Current Ratio	0.000.0	0.00-0.3	0.32+0.3	0.00-0.2	0.18-0.9	1.12
Debt-to-Equity	-1.02-0.0	-1.00+0.4	-1.39-0.4	-1.00+0.3	-1.30-9.6	8.28
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-142.5%-15.3pp	-127.2%	N/A	-327.0%	N/A	N/A	N/A	-5.8%
Current Ratio	0.000.0	0.010.0	0.00-0.0	0.010.0	0.000.0	0.010.0	0.00-0.5	0.45
Debt-to-Equity	-1.020.0	-1.030.0	-1.020.0	-1.010.0	-1.000.0	-1.010.0	-1.00+0.7	-1.68
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$3.1M), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Hawkeye Systems's operating cash flow?

Hawkeye Systems (HWKE) generated -$170K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hawkeye Systems's total assets?

Hawkeye Systems (HWKE) had $58K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Hawkeye Systems have outstanding?

Hawkeye Systems (HWKE) had 9M shares outstanding as of fiscal year 2025.

What is Hawkeye Systems's current ratio?

Hawkeye Systems (HWKE) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Hawkeye Systems's debt-to-equity ratio?

Hawkeye Systems (HWKE) had a debt-to-equity ratio of -1.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hawkeye Systems's cash runway?

Based on fiscal year 2025 data, Hawkeye Systems (HWKE) had $502 in cash against an annual operating cash burn of $170K. This gives an estimated cash runway of approximately 0 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 Hawkeye Systems's debt-to-equity ratio negative or unusual?

Hawkeye Systems (HWKE) has negative shareholder equity of -$3.1M as of fiscal year 2025, 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.

How financially healthy is Hawkeye Systems?

Hawkeye Systems (HWKE) 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.