HOST Host Digital Inc.

Overview and Growth

Host Digital Inc. generated $78.21M of revenue in fiscal 2025, with net loss of $3.94M and an operating cash inflow of $996.05K. The $78.21M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 12.7% from $69.37M in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$0.24, adding a shareholder-level measure to the absolute income figures considered below. At period end, total assets were $33.50M, framing the scale of the company’s operating and financing commitments. Asset turnover was 2.33x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $30.66M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 39.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $2.48M, reflecting costs that exceeded gross profit. The operating loss equaled 3.2% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $3.94M for the fiscal year. Net margin was -5.0%, reflecting a loss equal to 5.0% of reported revenue. The pretax result was a loss of $3.94M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 5.0%. The net loss equaled 53.9% of period-end equity, showing the deficit relative to book capital. The net loss equaled 11.7% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

At period end, the $33.50M asset base was financed through $26.19M of liabilities and $7.31M of equity. At period end, current assets of $9.98M compared with current liabilities of $12.71M, defining the company’s short-term resource position. The current ratio was 0.79x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. The company held $3.02M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 23.7%, excluding receivables and other current assets. Total debt was $6.18M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.85x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 18.5%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 78.2%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 9.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 1.8% lower than fiscal 2024 assets of $34.11M, measuring the company’s own balance-sheet change. Against $2.38M of equity in fiscal 2024, the current book-equity balance moved 206.9% and ended higher. Compared with $2.10M in fiscal 2024, the current cash balance moved 43.8% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $996.05K, a reported cash inflow that can be compared directly with net income and capital spending. The cash-flow statement records $320.63K of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 32.2% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $675.42K of positive free cash flow for the period. The free-cash-flow margin was 0.9%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 2.0%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 26, 2026.