What is Vocodia Hldg's earnings per share (EPS)?

Vocodia Hldg (VHAI) reported diluted earnings per share of $-0.02 for fiscal year 2024. This represents a 99.1% 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.

Vocodia Hldg Financials

VHAI

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

This page shows Vocodia Hldg (VHAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 VHAI FY2024 2026-04-22

VHAI still reads as a capital-consuming development effort, with a shrinking operating base sitting on a strained balance sheet.

By FY2024, revenue was down 92.4% from FY2022, and total assets had fallen to $148K. Set against FY2023 operating cash outflow of -$2.7M and FY2024 cash of just $281, that points to a business still being funded by external capital rather than by its own customer activity.

In FY2022 and FY2023, R&D exceeded revenue, reaching $14.3M against just $659K in FY2022. That cost pattern fits a company still trying to build capability ahead of commercialization, and FY2024’s negative gross margin of -111.6% shows the small sales base still was not covering direct costs.

The liquidity squeeze intensified: FY2024 current assets were only $128K against current liabilities of $2.4M. Meanwhile, share count expansion from 4.2M to 300.2M between FY2023 and FY2024 suggests balance-sheet support has come increasingly through dilution rather than through retained operating cash.

Financial Health Signals

Financial Profile 15/100

Based on FY2024 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 Vocodia Hldg'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.

Growth

Vocodia Hldg's revenue declined 80.5% year-over-year, from $256K to $50K. This contraction results in a growth score of 0/100.

Leverage

Vocodia Hldg carries a low D/E ratio of -1.07, meaning only $-1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Vocodia Hldg's current ratio of 0.05 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

3/9

Vocodia Hldg passes 3 of 9 financial strength tests. 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$50K

YoY-80.5%

Vocodia Hldg generated $50K in revenue in fiscal year 2024. This represents a decrease of 80.5% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-0.02

YoY+99.1%

Vocodia Hldg earned $-0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 99.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$281

Vocodia Hldg held $281 in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

300M

YoY+6989.3%

Vocodia Hldg had 300M shares outstanding in fiscal year 2024. This represents an increase of 6989.3% from the prior year.

Margins & Returns

Gross Margin

-111.6%

YoY-125.5pp

Vocodia Hldg's gross margin was -111.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 125.5 percentage points from the prior year.

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

$2K

Vocodia Hldg invested $2K in capex in fiscal year 2024, funding long-term assets and infrastructure.

VHAI Income Statement

Metric	FY24	FY23	FY22
Revenue	$50K-80.5%	$256K-61.1%	$659K
Cost of Revenue	$106K-52.0%	$221K-72.6%	$804K
Gross Profit	-$56K-256.9%	$36K+124.5%	-$146K
R&D Expenses	N/A	$1.4M-90.3%	$14.3M
SG&A Expenses	N/A	$4.1M+5736.8%	$70K
Operating Income	N/A	-$5.8M+71.8%	-$20.4M
Interest Expense	$449K+8886.1%	$5K-98.7%	$381K
Income Tax	N/A	N/A	N/A
Net Income	N/A	-$8.7M+58.0%	-$20.8M
EPS (Diluted)	$-0.02+99.1%	$-2.24+67.9%	$-6.98

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$51K+239.1%	$15K	N/A	N/A	$50K+66774.7%	$75	N/A	N/A
Cost of Revenue	$41K+4.7%	$39K-17.7%	$47K	N/A	$74K+216.9%	$23K	N/A	N/A
Gross Profit	$11K+145.1%	-$24K+49.8%	-$47K	N/A	-$24K-2.6%	-$23K	N/A	N/A
R&D Expenses	N/A	$53K+93.5%	$28K	N/A	$217K-33.9%	$329K-58.6%	$793K	N/A
SG&A Expenses	N/A	$460K+126.5%	$203K	N/A	$740K-11.3%	$834K-49.3%	$1.6M	N/A
Operating Income	N/A	-$572K	N/A	N/A	-$1.3M+18.5%	-$1.6M+42.1%	-$2.8M	N/A
Interest Expense	$2K+1.1%	$2K-97.1%	$69K	N/A	$669	$0-100.0%	$89K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	-$1.3M+14.6%	-$1.6M+77.6%	-$6.9M	N/A
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00+100.0%	$-0.01+97.3%	$-0.37	N/A

VHAI Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$148K-96.7%	$4.5M-9.2%	$4.9M
Current Assets	$128K+905.1%	$13K-98.5%	$872K
Cash & Equivalents	$281	N/A	$698K
Inventory	N/A	N/A	N/A
Accounts Receivable	$50K	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$2.4M-70.9%	$8.1M+148.2%	$3.3M
Current Liabilities	$2.4M-70.1%	$7.9M+169.0%	$2.9M
Long-Term Debt	N/A	$3.7M+262.9%	$1.0M
Total Equity	-$2.2M+39.6%	-$3.7M-323.9%	$1.6M
Retained Earnings	-$100.6M-11.2%	-$90.5M-10.6%	-$81.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$52K-67.6%	$160K+160.4%	$61K-58.6%	$148K-69.9%	$492K-58.4%	$1.2M-64.7%	$3.4M-24.8%	$4.5M
Current Assets	$29K+457.6%	$5K-88.3%	$44K-65.7%	$128K-38.8%	$210K-76.0%	$874K-71.0%	$3.0M+23534.2%	$13K
Cash & Equivalents	$4K+1333.6%	$283-78.9%	$1K+376.5%	$281-76.9%	$1K-99.8%	$628K-76.7%	$2.7M	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$19K+1836.9%	$1K	N/A	$50K-0.3%	$50K	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	$7.1M+20.5%	$5.9M+80.1%	$3.3M+38.9%	$2.4M-3.3%	$2.4M+33.8%	$1.8M-26.9%	$2.5M-69.3%	$8.1M
Current Liabilities	$7.1M+20.5%	$5.9M+80.1%	$3.3M+38.9%	$2.4M+1.4%	$2.3M+41.2%	$1.7M-27.9%	$2.3M-71.0%	$7.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.7M
Total Equity	-$7.1M-23.0%	-$5.8M-78.6%	-$3.2M-45.4%	-$2.2M-13.5%	-$2.0M-204.0%	-$642K-175.0%	$856K+123.3%	-$3.7M
Retained Earnings	-$106.5M-1.8%	-$104.7M-2.8%	-$101.8M-1.2%	-$100.6M-0.3%	-$100.3M-1.3%	-$99.0M-1.6%	-$97.5M-7.7%	-$90.5M

VHAI Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	N/A	-$2.7M+47.7%	-$5.2M
Capital Expenditures	$2K	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	-$2K	N/A	-$931
Financing Cash Flow	N/A	$2.0M-61.7%	$5.2M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	N/A	-$169K+10.6%	-$189K-44.5%	-$130K+82.2%	-$732K+65.6%	-$2.1M+12.3%	-$2.4M-471.3%	-$425K
Capital Expenditures	$11K	N/A	N/A	$0	$0	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$130K+82.2%	-$732K	N/A	N/A	N/A
Investing Cash Flow	$155K	N/A	N/A	$0	$0	N/A	N/A	N/A
Financing Cash Flow	$145K-54.9%	$322K+69.7%	$190K+46.4%	$130K+23.3%	$105K+69.6%	$62K-98.8%	$5.1M+1202.4%	$394K
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

VHAI Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	-111.6%-125.5pp	13.9%+36.0pp	-22.1%
Operating Margin	N/A	-2244.9%+851.7pp	-3096.6%
Net Margin	N/A	-3397.7%-247.6pp	-3150.1%
Return on Equity	N/A	N/A	-1267.3%
Return on Assets	N/A	-195.3%+227.2pp	-422.6%
Current Ratio	0.05+0.1	0.00-0.3	0.30
Debt-to-Equity	-1.07-0.1	-1.01-1.6	0.62
FCF Margin	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	20.8%+177.2pp	-156.4%	N/A	N/A	-47.7%+31011.0pp	-31058.7%	N/A	N/A
Operating Margin	N/A	-3780.1%	N/A	N/A	-2653.7%+2174915.6pp	-2177569.3%	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	-2653.1%+2076002.9pp	-2078656.0%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-811.3%	N/A
Return on Assets	N/A	N/A	N/A	N/A	-270.2%-138.6pp	-131.6%+75.5pp	-207.1%	N/A
Current Ratio	0.000.0	0.00-0.0	0.01-0.0	0.05-0.0	0.09-0.4	0.53-0.8	1.32+1.3	0.00
Debt-to-Equity	-1.01+0.0	-1.030.0	-1.02+0.0	-1.07+0.2	-1.25+1.6	-2.85-5.8	2.92+3.9	-1.01
FCF Margin	N/A	N/A	N/A	N/A	-1458.8%	N/A	N/A	N/A

Note: Shareholder equity is negative (-$2.2M), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Vocodia Hldg's annual revenue?

Vocodia Hldg (VHAI) reported $50K in total revenue for fiscal year 2024. This represents a -80.5% 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 Vocodia Hldg's revenue growing?

Vocodia Hldg (VHAI) revenue declined by 80.5% year-over-year, from $256K to $50K in fiscal year 2024.

What is Vocodia Hldg's gross margin?

Vocodia Hldg (VHAI) had a gross margin of -111.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What are Vocodia Hldg's total assets?

Vocodia Hldg (VHAI) had $148K in total assets as of fiscal year 2024, including both current and long-term assets.

What are Vocodia Hldg's capital expenditures?

Vocodia Hldg (VHAI) invested $2K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Vocodia Hldg have outstanding?

Vocodia Hldg (VHAI) had 300M shares outstanding as of fiscal year 2024.

What is Vocodia Hldg's current ratio?

Vocodia Hldg (VHAI) had a current ratio of 0.05 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Vocodia Hldg's debt-to-equity ratio?

Vocodia Hldg (VHAI) had a debt-to-equity ratio of -1.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Vocodia Hldg's debt-to-equity ratio negative or unusual?

Vocodia Hldg (VHAI) has negative shareholder equity of -$2.2M 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 Vocodia Hldg's Piotroski F-Score?

Vocodia Hldg (VHAI) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is Vocodia Hldg?

Vocodia Hldg (VHAI) scores 15 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.