CFOR CapForce Inc.

Overview and Growth

CapForce Inc. generated $30.20M of revenue in fiscal 2025, with net income of $23.62M and an operating cash outflow of $1.18M. Revenue of $30.20M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 481.2% above fiscal 2024 revenue of $5.20M, marking a year-over-year increase. The company reported diluted EPS of $2.32, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 0.9% increase from fiscal 2024 diluted EPS of $2.30. The company employed $38.06M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.79x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $24.03M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 79.6%, showing how efficiently sales converted into operating profit. Net income came to $23.62M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 78.2%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $24.43M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 80.9% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $813.81K, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 3.3% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 74.1%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 62.1%, showing earnings relative to the full balance sheet. Against $11.99M in fiscal 2024, the current $23.62M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

Total assets were $38.06M, supported by $6.20M of liabilities and $31.86M of shareholder equity. Current assets were $988.23K against $4.55M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.22x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $531.28K, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 11.7%, excluding receivables and other current assets. The equity-to-assets relationship was 83.7%, placing book capital against the total resource base. The liabilities-to-assets relationship was 16.3%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 1.4% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 285.8% from $9.86M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 331.6% from $7.38M in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 59.5% lower than fiscal 2024 cash of $1.31M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $1.18M of cash, resulting in an operating cash outflow for the year. Capital spending of $50.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $1.23M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 4.1% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 3.2% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.