DarkHorse Technologies Inc. (DRK) Key Metrics
DRK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $21.7M
- Enterprise value
- $31.5M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.2
- Price / book
- 2.1
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 3.35
DRK key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDRK valuation Price multiples at each fiscal year-end price.
DRK returns How much profit the business earns on the capital it uses.
DRK per-share figures Results divided by the shares outstanding at year-end.
DRK financial health Debt, liquidity and how easily interest is covered.
DRK efficiency & capital use Working capital cycle and where the cash goes.
DRK valuation history
DRK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DRK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DRK cash returned to shareholders
DRK price vs earnings per share
DRK key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $10.1M | $24.0M | — | — |
| Enterprise value | $6.4M | $18.6M | — | — |
| Price / sales | 0.9 | 1.4 | — | — |
| Price / book | 0.4 | 0.6 | — | — |
| EV / sales | 0.6 | 1.1 | — | — |
| Earnings yield | −212.5% | −39.4% | — | — |
| Free cash flow yield | −233.6% | −56.3% | — | — |
| Shareholder yield (dividends + buybacks) | 4.3% | 0.4% | — | — |
| Share price at fiscal year-end | $2.98 | $9.44 | $33.20 | $19.32 |
| Per share | ||||
| Revenue per share | $3.30 | $6.52 | — | — |
| Earnings per share | −$6.33 | −$3.72 | — | — |
| Operating cash flow per share | −$4.75 | −$1.80 | — | — |
| Free cash flow per share | −$6.96 | −$5.31 | — | — |
| Cash per share | $1.09 | $2.13 | — | — |
| Book value per share | $6.87 | $15.45 | — | — |
| Tangible book value per share | $6.39 | $14.23 | — | — |
| Capex per share | $2.21 | $3.51 | — | — |
| Shares outstanding | 3.4M | 2.5M | — | — |
| Change in shares outstanding | +33.3% | — | — | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −68.6% | −28.8% | −76.2% | −552.9% |
| Return on invested capital (ROIC) | −37.0% | −43.1% | −70.5% | −158.8% |
| Return on assets (ROA) | −62.9% | −21.3% | −36.4% | −232.2% |
| Return on tangible assets | −91.4% | −23.6% | −57.0% | −262.2% |
| Free cash flow margin | −211.2% | −81.4% | −37.2% | −801.5% |
| Financial health | ||||
| Cash & short-term investments | $3.7M | $5.4M | $586,000 | $1.3M |
| Net debt | −$3.7M | −$5.4M | −$586,000 | −$1.3M |
| Current ratio | 4.82 | 4.57 | 2.53 | 1.66 |
| Quick ratio | 4.82 | 4.57 | 2.53 | 1.66 |
| Interest coverage | — | — | -22.4 | — |
| Working capital | $6.9M | $13.9M | $8.2M | $4.1M |
| Invested capital | $19.6M | $33.9M | $25.9M | $33.5M |
| Tangible asset value | $21.7M | $36.2M | $21.9M | $35.1M |
| Net current asset value | $6.9M | $13.9M | −$5.6M | −$28.2M |
| Graham net-net per share | $0.56 | $0.59 | — | — |
| Capital allocation | ||||
| Dividends paid | — | — | — | $0 |
| Share buybacks (net) | $431,000 | $108,000 | $0 | — |
| Capex / revenue | 67.1% | 53.9% | 7.1% | 295.2% |
| Capex / depreciation | 1.09 | 1.26 | 0.25 | 0.63 |
| Stock-based compensation / revenue | 7.4% | 17.1% | 11.1% | 139.2% |
| R&D / revenue | — | — | 4.7% | 10.0% |
| SG&A / revenue | 73.9% | 74.9% | 76.6% | 413.7% |
| Efficiency | ||||
| Days sales outstanding | — | — | 1.4 | 10.5 |
| Days payables outstanding | 34.0 | 48.3 | 61.4 | 319.7 |
| Cash conversion cycle (days) | — | — | -60.0 | -309.3 |
| Receivables turnover | — | — | 251.79 | 34.93 |
| Payables turnover | 10.73 | 7.56 | 5.94 | 1.14 |
| Asset turnover | 0.33 | 0.37 | 0.34 | 0.07 |
| Average receivables | — | — | $87,000 | $174,000 |
| Average payables | $797,000 | $1.8M | $2.7M | $3.0M |
| Intangibles / total assets | 6.4% | 7.2% | 10.0% | 11.4% |
Computed from DRK's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DRK valuation and financial ratios
DarkHorse Technologies earned a return on equity of −68.6% and a return on invested capital of −37.0% in fiscal 2025. It returned $0.4 million to shareholders: $0 in dividends and $0.4 million in share buybacks.
See the DRK income statement, the DRK chart for price history, or the DRK stock overview for the latest quote and news.
DRK key metrics FAQ
What is DarkHorse Technologies's return on equity?
DarkHorse Technologies's return on equity (ROE) was −68.6% in fiscal 2025: net income of -$21.5 million on average shareholders' equity of $31.3 million.
What is DarkHorse Technologies's ROIC?
DarkHorse Technologies's return on invested capital was −37.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
Does DarkHorse Technologies buy back its shares?
Yes. DarkHorse Technologies spent $0.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +33.3% over the year, to 3.4M..
What is DarkHorse Technologies's free cash flow yield?
DarkHorse Technologies generated -$23.6 million of free cash flow in fiscal 2025, a free cash flow yield of −233.6% on its market value at year-end ($10.1 million).
What is DarkHorse Technologies's current ratio?
DarkHorse Technologies's current ratio was 4.82 at the end of fiscal 2025: current assets were 4.82 times current liabilities.