Tessera Defense and Homeland Security Inc. (HLSQ) Income Statement
HLSQ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHLSQ revenue and net income
HLSQ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HLSQ quarterly EPS vs estimates
Tessera Defense and Homeland Security beat the analyst EPS estimate in 2 of the last 3 quarters. Next report: November 11, 2026.
HLSQ income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Research & development | $21.3M | $24.7M | $16.7M | $16.2M |
| Sales, general & admin | $9.0M | $10.6M | $8.7M | $9.5M |
| Total operating expenses | $30.9M | $35.6M | $25.3M | $27.2M |
| Operating income | −$30.9M | −$35.6M | −$25.3M | −$27.2M |
| Interest income | $460,000 | $1.0M | $1.1M | $464,000 |
| Interest expense | $20,000 | $873,000 | $2.4M | $2.1M |
| Income before taxes | −$36.2M | −$17.7M | −$26.1M | −$28.3M |
| Net income | −$36.2M | −$17.7M | −$26.2M | −$28.3M |
| EBITDA | −$33.2M | −$15.0M | −$22.9M | −$23.7M |
| EPS (diluted) | −$367.80 | −$1612.53 | — | −$5474.68 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | |
|---|---|---|---|---|---|
| Revenue | $332,000 | $0 | $0 | $0 | $0 |
| Cost of revenue | $235,000 | — | — | — | $0 |
| Gross profit | $97,000 | — | — | — | $0 |
| Research & development | $128,000 | $315,000 | $4.9M | $6.1M | $5.0M |
| Sales, general & admin | $5.4M | $1.6M | $1.6M | $2.4M | $2.4M |
| Total operating expenses | $5.7M | $1.3M | $7.2M | $8.5M | $7.4M |
| Operating income | −$5.4M | −$1.3M | −$7.2M | −$8.5M | −$7.4M |
| Interest income | — | — | — | $84,000 | — |
| Interest expense | $25,000 | $192,000 | $741,000 | $5,000 | $5,000 |
| Income before taxes | −$3.8M | −$19.1M | −$13.3M | −$9.2M | −$6.0M |
| Net income | −$3.8M | −$19.1M | −$13.3M | −$9.2M | −$6.0M |
| EBITDA | −$3.8M | −$18.9M | −$12.9M | −$7.9M | −$5.7M |
| EPS (diluted) | −$3.66 | −$73.83 | −$213.90 | −$55.10 | −$36.10 |
| Gross margin | 29.2% | — | — | — | — |
| Operating margin | −1,630.7% | — | — | — | — |
| Net margin | −1,136.1% | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HLSQ's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HLSQ financial results
Tessera Defense and Homeland Security reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $36.2 million. Diluted earnings per share came to −$367.80.
See the HLSQ stock overview for the latest quote and news, or the HLSQ chart for price history and technical indicators.
HLSQ income statement FAQ
Does Tessera Defense and Homeland Security have revenue?
Tessera Defense and Homeland Security reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Tessera Defense and Homeland Security profitable?
No. Tessera Defense and Homeland Security reported a net loss of $36.2 million in fiscal 2025.
How much does Tessera Defense and Homeland Security spend on research and development?
Tessera Defense and Homeland Security spent $21.3 million on research and development in fiscal 2025.
What are Tessera Defense and Homeland Security's earnings per share?
Tessera Defense and Homeland Security earned $-367.80 per diluted share in fiscal 2025, compared with $-1612.53 a year earlier.
When will Tessera Defense and Homeland Security report its next earnings?
Tessera Defense and Homeland Security is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Tessera Defense and Homeland Security's fiscal year end?
Tessera Defense and Homeland Security's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025.