SRx Health Solutions Inc. (SRXH) Income Statement
SRXH FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSRXH revenue and net income
Where SRXH's revenue goes
FY2025Each bar shows an amount and its share of revenue. SRXH kept −688.8% of revenue as net income.
SRXH profit margins
SRXH growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −87.0% | −58.7% | −34.5% | — |
| Gross profit | −91.7% | −51.4% | −39.2% | — |
| 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.
SRXH quarterly EPS vs estimates
SRx Health Solutions beat the analyst EPS estimate in 0 of the last 4 quarters.
SRXH income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $50.3M | $161.5M | $92.6M | $58.6M | $54.4M | $617 | $2,164 | $63 | $0 |
| Cost of revenue | $5.0M | $31.8M | $129.5M | $79.3M | $41.2M | $36.1M | $274 | $417 | $2,864 | $2,896 |
| Gross profit | $1.5M | $18.5M | $32.1M | $13.3M | $17.5M | $18.3M | $343 | $1,747 | −$2,802 | −$2,896 |
| Research & development | — | $143,809 | $132,549 | $671,821 | — | — | — | — | — | — |
| Sales, general & admin | $12.9M | $0 | $40.1M | $13.1M | — | — | — | — | — | — |
| Total operating expenses | $12.9M | $27.1M | $40.0M | $14.5M | $39.5M | $53.2M | $686,046 | $655,840 | $272,232 | $29,709 |
| Operating income | −$11.4M | −$8.6M | −$7.9M | −$1.2M | −$22.0M | −$34.9M | −$685,703 | −$654,092 | −$275,034 | −$32,605 |
| Interest expense | $628,000 | $671,588 | $2.8M | $753,714 | $4.1M | $11.8M | $1.4M | $1.0M | $537,677 | $33,083 |
| Income before taxes | −$8.6M | −$228,656 | −$14.9M | −$2.0M | $4.4M | −$75.8M | −$1.4M | −$2.2M | −$1.2M | −$65,688 |
| Income taxes | — | $12,942 | $267,000 | $440,209 | $47,155 | — | — | — | — | — |
| Net income | −$45.0M | −$241,599 | −$15.1M | −$2.4M | $3.8M | −$75.8M | −$14.3M | −$2.2M | −$1.2M | −$65,688 |
| EBITDA | −$8.0M | $6.4M | −$9.7M | $1.0M | $10.6M | −$61.7M | −$685,703 | −$654,092 | −$272,176 | −$29,709 |
| EPS (diluted) | −$80.04 | −$17.13 | −$2.56 | −$20.46 | $36.58 | −$0.86 | $1359.33 | −$145.60 | −$98.54 | −$10.47 |
| Gross margin | 23.4% | 36.8% | 19.9% | 14.4% | 29.8% | 33.7% | 55.6% | 80.7% | −4,472.5% | — |
| Operating margin | −174.6% | −17.1% | −4.9% | −1.3% | −37.6% | −64.2% | −111,133.2% | −30,226.1% | −439,000.8% | — |
| Net margin | −688.8% | −0.5% | −9.4% | −2.6% | 6.5% | −139.3% | −2,313,431.2% | −100,549.7% | −1,945,237.0% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M | $3.4M | $2.8M | $0 | $11.4M | $7.2M | $35.0M | $15.4M | $42.7M | $7.9M | $17.8M | $14.0M |
| Cost of revenue | $2.5M | $2.1M | $1.8M | −$31.6M | $9.8M | $4.8M | $22.0M | $9.3M | $33.3M | $5.3M | $12.3M | $9.8M |
| Gross profit | $904,000 | $1.4M | $1.1M | −$15.5M | $1.6M | $2.4M | $13.0M | $6.1M | $9.4M | $2.6M | $5.4M | $4.2M |
| Sales, general & admin | $4.1M | $3.1M | $4.8M | $25.3M | $18.2M | $3.5M | $0 | — | $10.7M | $5.1M | — | — |
| Total operating expenses | $4.1M | $3.2M | $4.8M | −$25.8M | $16.4M | $3.5M | $19.0M | $7.6M | $10.7M | $5.1M | $9.0M | $7.6M |
| Operating income | −$3.2M | −$1.8M | −$3.8M | $10.4M | −$14.7M | −$1.1M | −$6.0M | −$1.5M | −$1.3M | −$2.5M | −$3.5M | −$3.4M |
| Interest expense | $569,000 | $1.8M | $1.3M | $1.9M | $975,000 | — | $467,000 | $1.3M | $1.1M | $362,000 | $465,855 | $502,085 |
| Income before taxes | −$4.1M | −$6.4M | −$8.6M | $9.2M | −$16.7M | −$962,000 | −$159,000 | $2.1M | −$2.3M | −$2.8M | −$2.2M | −$3.9M |
| Income taxes | — | $2,000 | $4,000 | $878,679 | −$1.6M | $2,000 | $9,000 | −$2,701 | $780,000 | $2,000 | — | — |
| Net income | −$4.1M | −$6.4M | −$8.6M | −$21.3M | −$15.1M | −$964,000 | −$168,000 | $2.1M | −$3.1M | −$2.8M | −$2.2M | −$3.9M |
| EBITDA | −$3.6M | −$1.9M | −$7.3M | $5.7M | −$12.9M | −$1.1M | $308,000 | −$1.5M | −$214,668 | −$2.5M | −$3.0M | −$2.9M |
| EPS (diluted) | −$0.36 | — | — | — | −$0.74 | −$0.37 | −$0.56 | $0.73 | $2.98 | −$20.84 | −$2.20 | −$0.10 |
| Gross margin | 26.7% | 39.3% | 37.5% | — | 14.1% | 33.3% | 37.1% | 39.5% | 22.1% | 33.1% | 30.6% | 30.1% |
| Operating margin | −94.4% | −52.9% | −135.0% | — | −128.7% | −15.2% | −17.1% | −9.9% | −3.1% | −31.2% | −19.9% | −24.5% |
| Net margin | −122.1% | −185.5% | −306.9% | — | −132.2% | −13.5% | −0.5% | 13.4% | −7.3% | −35.8% | −12.4% | −28.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SRXH's financial statements (latest annual report filed December 5, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRXH financial results
In fiscal year 2025 (ended September 30, 2025), SRx Health Solutions reported revenue of $6.5 million, down 87.0% from the year before. It had a net loss of $45.0 million, a net profit margin of −688.8%. Diluted earnings per share came to −$80.04. Over five years revenue grew at an average rate of −34.5% a year.
See the SRXH stock overview for the latest quote and news, or the SRXH chart for price history and technical indicators.
SRXH income statement FAQ
What is SRx Health Solutions's annual revenue?
SRx Health Solutions reported total revenue of $6.5 million for fiscal year 2025, which ended on September 30, 2025. That was down 87.0% from $50.3 million the previous year.
Is SRx Health Solutions profitable?
No. SRx Health Solutions reported a net loss of $45.0 million in fiscal 2025, a net profit margin of −688.8%; its operating margin was −174.6%.
What is SRx Health Solutions's gross margin?
SRx Health Solutions's gross margin was 23.4% in fiscal 2025: for every $100 of revenue, SRx Health Solutions kept $23 after the direct cost of its products and services.
How fast is SRx Health Solutions growing?
Revenue grew −34.5% a year on average over the last five fiscal years, from $54.4 million to $6.5 million.
What are SRx Health Solutions's earnings per share?
SRx Health Solutions earned $-80.04 per diluted share in fiscal 2025, compared with $-17.13 a year earlier.
When does SRx Health Solutions's fiscal year end?
SRx Health Solutions's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 5, 2025.