USBC, Inc. (USBC) Income Statement
USBC FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsUSBC revenue and net income
USBC profit margins
USBC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| 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.
USBC quarterly EPS vs estimates
USBC beat the analyst EPS estimate in 8 of the last 8 quarters.
USBC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $4.4M | $0 | $121,939 | $1.8M | $4.3M | $4.9M | $6.0M |
| Cost of revenue | $150,595 | $270,167 | $313,019 | $320,995 | $200,807 | $312,713 | $1.5M | $3.5M | $4.0M | $5.1M |
| Gross profit | −$150,595 | −$270,167 | −$313,019 | $4.0M | −$200,807 | −$190,774 | $340,531 | $761,230 | $869,721 | $923,389 |
| Research & development | $1.8M | $6.0M | $7.4M | $5.1M | $4.0M | $2.0M | $1.3M | $570,514 | $79,405 | $325,803 |
| Sales, general & admin | $16.3M | $9.1M | $6.3M | $7.7M | $6.1M | $4.6M | — | — | — | — |
| Total operating expenses | $18.0M | $15.0M | $13.7M | $16.6M | $10.2M | $6.6M | $5.4M | $3.0M | $3.1M | $3.6M |
| Operating income | −$18.0M | −$15.2M | −$14.0M | −$12.6M | −$10.4M | −$6.8M | −$5.0M | −$2.3M | −$2.3M | −$2.7M |
| Interest income | $66,280 | $155,248 | $127,145 | $15,283 | — | — | — | — | — | — |
| Interest expense | $2.8M | $1.5M | $389,626 | $8.0M | $14.9M | $6.1M | $2.9M | $1.2M | $376,974 | $323,928 |
| Income before taxes | −$22.3M | −$16.6M | −$15.3M | −$20.1M | −$25.4M | −$13.6M | −$7.6M | −$3.3M | −$3.9M | −$1.7M |
| Income taxes | −$172,843 | — | — | — | — | — | — | — | — | — |
| Net income | −$22.1M | −$16.6M | −$15.3M | −$20.1M | −$25.4M | −$13.6M | −$7.6M | −$3.3M | −$3.9M | −$1.7M |
| EBITDA | −$19.3M | −$14.8M | −$14.6M | −$11.7M | −$10.2M | −$6.6M | −$4.8M | −$2.1M | −$2.2M | −$2.5M |
| EPS (diluted) | −$3.28 | −$6.44 | −$0.41 | −$0.29 | −$16.91 | −$25.12 | −$13.64 | −$19.29 | −$45.36 | −$69.96 |
| Gross margin | — | — | — | 92.6% | — | −156.5% | 18.9% | 17.7% | 17.8% | 15.3% |
| Operating margin | — | — | — | −288.4% | — | −5,597.8% | −277.7% | −52.5% | −46.4% | −44.7% |
| Net margin | — | — | — | −460.3% | — | −11,122.5% | −421.7% | −75.7% | −80.0% | −29.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $217,218 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | — | $38,196 | $38,457 | $41,986 | $35,208 | $34,826 | $38,575 | $48,511 | $47,374 | $108,035 | $18,724 | $53,478 |
| Gross profit | — | −$38,196 | −$38,457 | −$41,986 | −$35,208 | −$34,826 | −$38,575 | −$48,511 | −$47,374 | −$108,035 | −$18,724 | −$53,478 |
| Research & development | $57,352 | $212,012 | $253,644 | $293,920 | $238,612 | $418,207 | $802,102 | $1.1M | $1.3M | $2.2M | $1.5M | $1.5M |
| Sales, general & admin | $16.4M | $11.4M | $16.9M | $11.5M | $1.0M | $1.8M | $2.0M | $2.1M | $2.4M | $2.5M | $2.0M | $789,067 |
| Total operating expenses | $16.4M | $13.8M | $17.1M | $11.8M | $1.3M | $2.2M | $2.8M | $3.1M | $3.8M | $4.6M | $3.5M | $2.3M |
| Operating income | −$16.4M | −$13.8M | −$17.1M | −$11.8M | −$1.3M | −$2.2M | −$2.8M | −$3.2M | −$3.8M | −$4.7M | −$3.5M | −$2.3M |
| Interest income | $14,581 | $11,303 | $38,312 | $48,516 | $1,409 | $2,531 | $13,824 | $28,376 | $30,619 | — | — | — |
| Interest expense | $219,583 | $14,167 | $11,070 | $2.84B | $275,665 | $1.4M | $1.2M | $474,824 | $298,248 | $716,814 | $23,437 | — |
| Income before taxes | −$26.0M | −$32.3M | −$43.2M | −$12.5M | −$1.5M | −$3.6M | −$4.7M | −$3.6M | −$4.1M | −$5.4M | −$3.4M | −$2.9M |
| Income taxes | −$5.2M | −$6.7M | −$15.7M | −$172,843 | — | — | — | — | — | — | — | — |
| Net income | −$20.8M | −$25.6M | −$27.5M | −$12.4M | −$1.5M | −$3.6M | −$4.7M | −$3.6M | −$4.1M | −$5.4M | −$3.4M | −$2.9M |
| EBITDA | −$25.8M | −$32.2M | −$43.1M | −$12.5M | −$1.2M | −$2.2M | −$3.4M | −$3.1M | −$3.8M | −$4.6M | −$3.4M | −$2.9M |
| EPS (diluted) | −$0.03 | −$0.07 | −$0.03 | −$0.03 | −$0.55 | −$1.24 | −$1.46 | −$1.60 | −$2.00 | −$2.80 | −$0.04 | −$0.05 |
| Gross margin | — | — | — | −19.3% | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | −5,440.4% | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | −5,685.6% | — | — | — | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in USBC's financial statements (latest annual report filed December 19, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
USBC financial results
USBC reported no revenue in fiscal year 2025 (ended September 30, 2025). It had a net loss of $22.1 million. Diluted earnings per share came to −$3.28.
See the USBC stock overview for the latest quote and news, or the USBC chart for price history and technical indicators.
USBC income statement FAQ
Does USBC have revenue?
USBC reported no revenue for fiscal year 2025, which ended on September 30, 2025.
Is USBC profitable?
No. USBC reported a net loss of $22.1 million in fiscal 2025.
How much does USBC spend on research and development?
USBC spent $1.8 million on research and development in fiscal 2025.
What are USBC's earnings per share?
USBC earned $-3.28 per diluted share in fiscal 2025, compared with $-6.44 a year earlier.
When does USBC's fiscal year end?
USBC's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 19, 2025.