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Better Choice (SRXH) Financials

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$5.44 0.00 (0.00%)
As of 07/2/2026
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Annual Income Statements for Better Choice

Annual Income Statements for Better Choice

This table shows Better Choice's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.05 -0.93 -1.74 -2.97 -185 -59 3.39 -39 -23 -43 -45
Consolidated Net Income / (Loss)		 -0.05 -0.93 -1.74 -2.95 -184 -59 3.39 -39 -23 -43 -45
Net Income / (Loss) Continuing Operations		 -0.05 -0.93 -1.74 -1.11 -184 -59 3.39 -39 -23 0.00 -8.64
Total Pre-Tax Income 		-0.05 -0.93 -1.74 -1.11 -184 -59 3.42 -39 -23 0.00 -8.64
Total Operating Income		 -0.02 -0.46 -0.52 -0.53 -36 -27 -17 -39 -21 0.00 -11
Total Gross Profit		 0.00 0.00 0.00 0.00 5.86 16 15 15 12 0.00 1.53
Total Revenue		 0.00 0.00 0.00 0.00 16 43 46 55 39 0.00 6.53
Operating Revenue		 0.00 0.00 0.00 0.00 16 43 46 55 39 0.00 6.53
Total Cost of Revenue		 0.00 0.00 0.00 0.00 9.72 26 31 39 27 0.00 5.01
Operating Cost of Revenue		 0.00 0.00 0.00 0.00 9.72 26 31 39 27 0.00 5.01
Total Operating Expenses		 0.02 0.46 0.53 0.53 42 43 33 54 33 0.00 13
Selling, General & Admin Expense		 0.02 0.21 0.53 0.53 20 34 29 35 24 0.00 13
Total Other Income / (Expense), net		 -0.03 -0.47 -1.22 -0.59 -148 -32 21 -0.55 -1.59 0.00 2.77
Interest Expense		 0.03 0.41 0.83 0.06 0.67 9.34 2.76 0.55 1.35 0.00 1.34
Other Income / (Expense), net		 0.00 -0.06 -0.39 -0.53 -147 -23 23 0.00 -0.24 0.00 4.11
Income Tax Expense		 0.00 0.00 0.00 0.00 - 0.00 0.04 -0.02 0.00 0.00 0.00
Net Income / (Loss) Discontinued Operations		 - - 0.00 -1.84 - - - - - -43 -36
Basic Earnings per Share		 $0.00 ($0.01) ($0.58) ($0.98) ($5.55) ($7.26) $0.15 ($58.93) ($32.29) ($1.95) ($2.13)
Weighted Average Basic Shares Outstanding		 37.58M 70.46M 3.00M 3.05M 33.24M 8.18M 19.93M 667.11K 705.19K 22.08M 21.11M
Diluted Earnings per Share		 $0.00 ($0.01) ($0.58) ($0.98) ($5.55) ($7.26) $0.14 ($58.93) ($32.29) ($1.95) ($2.13)
Weighted Average Diluted Shares Outstanding		 37.58M 70.46M 3.00M 3.05M 33.24M 8.18M 21.90M 667.11K 705.19K 22.08M 21.11M
Weighted Average Basic & Diluted Shares Outstanding		 77.58M - 77.92M 79.20M 33.24M 49.08M 29.36M 30.54M - 2.42M 27.43M

Quarterly Income Statements for Better Choice

This table shows Better Choice's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.62 -15 -2.83 -3.12 1.53 -39 -3.98 -10 -15 -8.61 -6.38
Consolidated Net Income / (Loss)		 -1.62 -15 -2.83 -3.12 1.53 -39 -3.98 -10 -15 -8.61 -6.38
Net Income / (Loss) Continuing Operations		 -1.62 -15 -2.83 -3.12 1.53 4.42 0.00 0.00 -15 -8.61 -6.38
Total Pre-Tax Income 		-1.62 -15 -2.83 -2.34 1.52 3.64 0.00 0.00 -17 -8.61 -6.38
Total Operating Income		 -2.62 -13 -2.47 -1.32 -1.13 4.92 0.00 0.00 -17 -3.79 -1.82
Total Gross Profit		 4.44 0.53 2.61 9.42 4.52 -17 0.00 0.00 3.42 1.05 1.28
Total Revenue		 13 5.70 7.90 43 11 -62 0.00 0.00 11 2.81 3.44
Operating Revenue		 13 5.70 7.90 43 11 -62 0.00 0.00 11 2.81 3.44
Total Cost of Revenue		 8.68 5.17 5.29 33 6.85 -45 0.00 0.00 8.03 1.75 2.16
Operating Cost of Revenue		 8.68 5.17 5.29 33 6.85 -45 0.00 0.00 8.03 1.75 2.16
Total Operating Expenses		 7.05 13 5.08 11 5.65 -21 0.00 0.00 21 4.84 3.09
Selling, General & Admin Expense		 7.05 4.72 5.08 11 5.65 -21 0.00 0.00 18 4.84 3.09
Total Other Income / (Expense), net		 1.00 -1.98 -0.36 -1.01 2.65 -1.28 0.00 0.00 0.73 -4.82 -4.56
Interest Expense		 0.34 0.78 0.36 1.13 -2.65 1.16 0.00 0.00 0.98 4.35 1.78
Other Income / (Expense), net		 1.34 - 0.00 0.12 0.00 -0.12 0.00 0.00 1.71 -0.47 -2.78
Income Tax Expense		 0.00 0.00 0.00 0.78 -0.00 -0.78 0.00 0.00 -1.56 0.00 0.00
Net Income / (Loss) Discontinued Operations		 - - - - - - -3.98 -10 - 0.00 0.00
Basic Earnings per Share		 ($2.30) ($20.85) ($3.60) ($0.14) $0.73 ($1.75) ($0.17) ($0.39) ($0.74) ($0.26) ($0.02)
Weighted Average Basic Shares Outstanding		 703.99K 705.19K 786.75K 21.92M 2.09M 22.08M 23.58M 25.80M 20.40M 33.74M 299.07M
Diluted Earnings per Share		 ($2.30) ($20.85) ($3.60) ($0.14) $0.73 ($1.75) ($0.17) ($0.39) ($0.74) ($0.26) ($0.02)
Weighted Average Diluted Shares Outstanding		 703.99K 705.19K 786.75K 21.92M 2.09M 22.08M 23.58M 25.80M 20.40M 33.74M 299.07M
Weighted Average Basic & Diluted Shares Outstanding		 32.08M 0.00 893.60K 1.66M 1.93M 2.42M 11.67M - - 298.21M 590.25M

Annual Cash Flow Statements for Better Choice

This table details how cash moves in and out of Better Choice's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 0.00 0.01 -0.01 0.16 -1.41 1.46 25 -19 -5.02 -1.64 1.41
Net Cash From Operating Activities		 -0.02 -0.18 -0.04 -0.84 -21 -7.51 -12 -21 0.10 -1.48 -8.14
Net Cash From Continuing Operating Activities		 -0.02 -0.18 -0.04 -0.80 -21 -7.51 -12 -21 0.10 -1.48 -8.14
Net Income / (Loss) Continuing Operations		 -0.05 -0.93 -1.74 -1.11 -185 -59 3.39 -39 -23 -43 -8.64
Consolidated Net Income / (Loss)		 -0.05 -0.93 -1.74 -1.11 -185 -59 3.39 -39 -23 -43 -8.64
Depreciation Expense		 0.00 0.00 - - 0.17 1.75 1.66 1.69 1.68 4.39 0.03
Amortization Expense		 0.02 0.27 0.78 0.53 0.35 4.88 3.85 2.15 0.19 0.00 0.29
Non-Cash Adjustments To Reconcile Net Income		 0.00 0.44 0.69 -0.10 162 45 -19 24 11 25 -0.15
Changes in Operating Assets and Liabilities, net		 -0.00 0.04 0.23 -0.20 1.47 0.18 -1.85 -8.60 9.90 12 0.33
Net Cash From Investing Activities		 0.00 -0.25 0.00 0.00 -20 -0.15 -0.35 -0.20 -0.02 -1.09 5.91
Net Cash From Continuing Investing Activities		 0.00 -0.25 0.00 0.00 -20 -0.15 -0.35 -0.20 -0.02 -1.09 5.91
Purchase of Property, Plant & Equipment		 0.00 -0.25 - - -0.11 -0.15 -0.35 -0.20 -0.02 -1.09 0.00
Divestitures		 - - - - 0.42 - - - - 0.00 5.94
Other Investing Activities, net		 - - - - - - - - 0.00 0.00 -0.04
Net Cash From Financing Activities		 0.02 0.44 0.03 1.00 40 9.11 37 1.28 -5.10 0.93 12
Net Cash From Continuing Financing Activities		 0.02 0.44 0.03 1.00 40 9.11 37 1.28 -5.10 0.93 12
Repayment of Debt		 0.00 -0.01 -0.16 -0.27 -13 -19 -15 -11 -20 -3.43 -4.27
Repurchase of Common Equity		 - - 0.00 0.00 - 0.00 -1.60 - 0.00 0.00 -0.14
Issuance of Debt		 0.02 0.44 0.19 1.27 34 8.98 12 13 15 6.78 7.78
Issuance of Common Equity		 0.00 0.01 0.00 0.00 16 18 40 - 0.00 0.92 0.00
Other Financing Activities, net		 - - - - 2.61 1.05 1.69 - - -3.33 8.80
Other Net Changes in Cash		 - - - - - - - - - 0.00 -8.52
Cash Interest Paid		 0.00 0.00 0.00 0.00 0.27 2.31 0.36 0.44 0.54 2.66 0.33

Quarterly Cash Flow Statements for Better Choice

This table details how cash moves in and out of Better Choice's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.19 0.66 -0.58 -0.58 1.13 -1.60 0.61 -0.63 0.72 12 7.48
Net Cash From Operating Activities		 0.34 0.99 -1.01 0.02 1.60 -2.09 1.46 -1.39 7.60 -2.92 -6.63
Net Cash From Continuing Operating Activities		 0.34 0.99 -1.01 0.02 1.60 -2.09 1.46 -1.39 7.60 -2.92 -6.63
Net Income / (Loss) Continuing Operations		 -1.62 -15 -2.83 2.65 -11 -32 -3.98 -10 21 -8.61 -6.38
Consolidated Net Income / (Loss)		 -1.62 -15 -2.83 2.65 -11 -32 -3.98 -10 21 -8.61 -6.38
Depreciation Expense		 0.42 0.42 0.04 0.03 3.25 1.07 0.92 0.90 -2.89 0.02 -0.08
Amortization Expense		 0.02 0.03 0.02 0.01 - - 0.00 - - 1.11 1.59
Non-Cash Adjustments To Reconcile Net Income		 -0.88 11 0.72 -3.03 5.24 22 0.59 1.37 -12 4.48 -0.16
Changes in Operating Assets and Liabilities, net		 2.41 4.43 1.05 0.35 4.04 6.54 3.94 6.49 0.75 0.09 -1.60
Net Cash From Investing Activities		 - -0.01 -0.00 -0.02 -4.47 3.40 2.69 1.00 -7.38 -8.46 -7.03
Net Cash From Continuing Investing Activities		 - -0.01 -0.00 -0.02 -4.47 3.40 2.69 1.00 -7.38 -8.46 -7.03
Other Investing Activities, net		 - - 0.00 - - - 2.85 0.84 - -8.46 58
Net Cash From Financing Activities		 -0.15 -0.33 0.43 -0.59 4.00 -2.91 -3.55 -0.24 9.02 23 21
Net Cash From Continuing Financing Activities		 -0.15 -0.33 0.43 -0.59 4.00 -2.91 -3.55 -0.24 9.02 23 21
Repayment of Debt		 -2.75 -3.31 -2.58 -3.04 4.22 -2.03 -4.89 -0.62 5.01 -1.87 -0.38
Issuance of Preferred Equity		 - - - - - - 0.00 - - 8.91 4.33
Issuance of Common Equity		 - - - - - 0.92 0.67 0.00 -9.24 16 39

Annual Balance Sheets for Better Choice

This table presents Better Choice's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 9/30/2025
Total Assets		 0.00 0.02 0.02 0.21 54 51 75 39 17 16 8.40
Total Current Assets		 0.00 0.02 0.02 0.21 18 18 44 28 16 15 8.13
Cash & Equivalents		 0.00 0.01 0.00 0.20 2.36 3.93 22 3.17 4.46 3.07 1.31
Short-Term Investments		 - - - - - - - - - - 0.00
Note & Lease Receivable		 - - - - - - - - 0.00 2.21 0.00
Accounts Receivable		 0.00 0.00 - - 5.82 4.63 6.79 6.74 4.35 5.37 3.95
Inventories, net		 0.00 0.01 0.01 0.01 6.58 4.87 5.25 10 6.61 3.87 2.08
Prepaid Expenses		 - - - - 2.64 4.07 2.94 1.05 0.81 0.48 0.79
Other Current Assets		 - - - - - - - - - - 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.42 0.25 0.37 0.38 0.23 0.14 0.09
Total Noncurrent Assets		 0.00 0.00 0.00 0.00 36 33 30 11 0.28 0.66 0.19
Other Noncurrent Operating Assets		 - - 0.00 0.00 2.28 1.71 0.17 0.72 0.28 0.26 0.19
Total Liabilities & Shareholders' Equity		 0.00 0.02 0.02 0.21 54 51 75 39 17 16 8.40
Total Liabilities		 0.06 0.59 1.20 2.86 50 79 17 17 14 7.15 8.00
Total Current Liabilities		 0.06 0.59 1.20 2.86 33 55 7.34 5.58 14 7.15 3.54
Short-Term Debt		 0.04 0.27 0.63 0.27 21 7.83 0.86 0.00 4.62 2.41 0.00
Accounts Payable		 0.02 0.07 0.13 0.11 4.05 3.14 4.55 2.93 6.93 3.14 2.15
Accrued Expenses		 - - - 0.14 4.72 - 1.88 2.60 2.09 1.54 1.38
Other Current Liabilities		 0.00 0.25 0.43 2.32 3.07 44 0.05 0.05 0.06 0.06 0.02
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 17 25 9.44 12 0.07 0.01 4.45
Long-Term Debt		 - - - - 16 24 9.42 11 - - 4.45
Total Equity & Noncontrolling Interests		 -0.06 -0.57 -1.18 9.47 -7.07 -28 58 22 2.98 8.65 0.41
Total Preferred & Common Equity		 -0.06 -0.57 -1.18 -2.65 -7.07 -28 58 22 2.98 8.65 0.41
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 - - - - 0.00
Total Common Equity		 -0.06 -0.57 -1.18 9.47 -7.07 -28 58 22 2.98 8.65 0.41
Common Stock		 0.37 0.80 1.93 3.41 194 233 317 320 324 330 23
Retained Earnings		 -0.43 -1.37 -3.11 -6.06 -201 -261 -259 -299 -321 -322 -23
Other Equity Adjustments		 0.00 -0.01 -0.01 0.00 - - - - - - 0.00

Quarterly Balance Sheets for Better Choice

This table presents Better Choice's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Total Assets		 31 15 13 34 15 34 27 43
Total Current Assets		 21 15 12 14 15 25 19 43
Cash & Equivalents		 3.80 3.88 3.29 0.11 1.14 0.91 13 21
Short-Term Investments		 - - - - - - - 5.53
Note & Lease Receivable		 - - - - 3.33 0.01 - 1.41
Accounts Receivable		 8.58 4.34 4.33 9.28 4.77 8.14 3.06 3.81
Inventories, net		 7.54 5.20 3.83 3.37 4.51 5.13 1.32 2.09
Prepaid Expenses		 0.99 1.17 0.77 0.50 0.78 10 1.40 1.45
Other Current Assets		 - - - 0.37 - 0.00 - 8.33
Plant, Property, & Equipment, net		 0.26 0.20 0.18 6.03 0.12 3.07 0.07 0.08
Total Noncurrent Assets		 9.88 0.66 0.69 14 0.64 6.39 8.14 0.14
Other Noncurrent Operating Assets		 0.96 0.26 0.29 6.49 0.24 4.90 8.14 0.14
Total Liabilities & Shareholders' Equity		 31 15 13 34 15 34 27 43
Total Liabilities		 16 14 9.15 89 7.32 80 24 25
Total Current Liabilities		 13 14 9.11 81 7.32 74 24 25
Short-Term Debt		 1.92 5.23 1.58 38 1.23 30 21 23
Accounts Payable		 7.81 7.48 6.11 40 4.44 38 1.25 0.95
Accrued Expenses		 2.53 1.51 1.36 1.86 1.60 3.24 1.25 1.51
Other Current Liabilities		 0.93 0.06 0.06 1.76 0.05 1.27 0.00 0.00
Total Noncurrent Liabilities		 2.80 0.05 0.04 7.58 0.01 5.76 0.00 0.00
Long-Term Debt		 2.71 - - 0.70 - 1.90 0.00 0.00
Total Equity & Noncontrolling Interests		 15 1.13 3.94 -55 7.96 -46 3.52 18
Total Preferred & Common Equity		 15 1.13 3.94 -55 7.96 -46 3.52 18
Preferred Stock		 - - - - - - 0.00 0.00
Total Common Equity		 15 1.13 3.94 -55 7.96 -46 3.52 18
Common Stock		 322 325 325 13 330 39 21 53
Retained Earnings		 -307 -324 -322 -70 -322 -98 -32 -38
Other Equity Adjustments		 - - - - - - 14 2.96

Annual Metrics And Ratios for Better Choice

This table displays calculated financial ratios and metrics derived from Better Choice's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 9/30/2024 9/30/2025
DEI Shares Outstanding		 0.00 0.00 0.00 79,683,842.00 45,427,659.00 49,139,708.00 29,241,317.00 29,405,529.00 32,081,148.00 1,655,329.00 24,853,633.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 11,609.00 172,074.00 186,135.00 664,575.00 668,307.00 729,117.00 1,655,329.00 24,853,633.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 -255.93 -1,072.63 -319.33 5.10 -58.83 -31.23 -26.01 -1.81
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 3,512.50% -72.61% 3,279,268.42% 173.42% 8.02% 18.81% -29.40% -100.00% 0.00%
EBITDA Growth		 193.64% -60,934.47% 47.22% -294.13% -35,051.57% 76.33% 126.97% -398.73% 44.07% 122.45% -259.04%
EBIT Growth		 9.61% -2,016.46% -74.89% -15.53% -17,332.74% 72.80% 112.37% -727.15% 44.78% 100.00% 0.00%
NOPAT Growth		 9.61% -1,764.53% -14.00% -0.73% -6,781.40% 24.79% 10.63% -58.83% 45.39% 100.00% 0.00%
Net Income Growth		 3.06% -1,779.97% -86.69% -69.27% -6,151.21% 67.83% 105.71% -1,260.79% 42.08% -89.08% -4.53%
EPS Growth		 0.00% 0.00% -5,700.00% -68.97% -466.33% 67.83% 101.93% -1,260.79% 42.08% 93.96% -9.23%
Operating Cash Flow Growth		 -1.12% -689.52% 77.99% -2,019.09% -2,389.06% 64.21% -58.00% -73.33% 100.47% -1,623.71% -450.95%
Free Cash Flow Firm Growth		 -7.04% -52.82% -464.46% 1,324.07% -4,150.10% 129.33% -391.63% 79.79% 148.31% -187.74% 27.06%
Invested Capital Growth		 -10.25% -1,558.24% -73.54% -363.97% 1,595.86% -100.87% 11,908.13% -40.06% -86.62% 154.24% -55.60%
Revenue Q/Q Growth		 0.00% 0.00% 60.26% -59.57% 34.67% 69.78% -18.62% -3.05% -8.45% -100.00% 0.00%
EBITDA Q/Q Growth		 143.64% 1.04% 0.36% 58.88% -8.20% -37.60% 219.63% -138.97% 36.43% 126.65% 0.00%
EBIT Q/Q Growth		 3.24% -66.88% 6.53% 40.55% -8.39% -35.18% 140.39% -97.84% 34.34% 100.00% 0.00%
NOPAT Q/Q Growth		 3.24% -47.01% 8.54% -6.72% -52.70% 26.13% -59.48% -97.84% 35.06% 100.00% 0.00%
Net Income Q/Q Growth		 -0.98% -85.67% 6.50% 84.79% -19.64% -35.76% 115.89% -96.22% 29.79% -222.48% 0.00%
EPS Q/Q Growth		 -100.00% 0.00% -1,833.33% -11.36% -56.78% -35.76% 119.18% -96.22% 29.79% 69.53% 0.00%
Operating Cash Flow Q/Q Growth		 -4.72% -46.75% 73.71% -28.46% -56.92% 38.82% -4.92% 4.45% 102.79% -192.14% 60.69%
Free Cash Flow Firm Q/Q Growth		 -9.01% 65.03% -46.30% 6.42% -248.12% 132.11% -253.35% 38.97% -10.44% -37.89% 0.00%
Invested Capital Q/Q Growth		 1.91% -85.81% -14.57% -8.13% 0.00% -100.96% -1.70% -47.68% -80.23% 6.61% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 89.58% 80.74% 55.58% 37.62% 37.81% 33.40% 27.92% 30.57% 0.00% 23.35%
EBITDA Margin		 0.00% -522,162.50% -7,629.12% -109,765.26% -1,176.57% -101.85% 25.42% -63.93% -50.64% 0.00% -106.78%
Operating Margin		 0.00% -957,670.83% -30,221.34% -111,134.11% -233.20% -64.15% -37.56% -70.95% -54.88% 0.00% -174.56%
EBIT Margin		 0.00% -1,087,068.75% -52,628.72% -221,956.21% -1,179.89% -117.40% 13.44% -70.95% -55.49% 0.00% -111.65%
Profit (Net Income) Margin		 0.00% -1,945,335.42% -100,533.91% -621,225.05% -1,184.19% -139.32% 7.36% -71.93% -59.00% 0.00% -688.80%
Tax Burden Percent		 100.00% 100.00% 100.00% 264.67% 100.00% 100.00% 98.92% 99.95% 100.01% 0.00% 520.96%
Interest Burden Percent		 201.46% 178.95% 191.02% 105.75% 100.36% 118.67% 55.37% 101.42% 106.32% 0.00% 118.42%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.08% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% -142.63% -100.98% -87.94% -86.59% -111.28% 0.00% -138.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% -1,544.29% -229.68% 362.25% 59.12% -854.47% 0.00% -3,110.75%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% -2,703.06% 583.24% 110.70% -12.44% -74.55% 0.00% -855.76%
Return on Equity (ROE)		 109.53% 295.49% 198.41% -71.22% -2,845.69% 482.26% 22.75% -99.03% -185.83% -740.65% -994.06%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -173.23% 0.00% -144.45% -36.50% 41.50% -87.08% -61.29%
Operating Return on Assets (OROA)		 0.00% -5,542.15% -5,536.84% -935.49% -683.99% -95.43% 9.82% -68.44% -77.29% 0.00% -60.28%
Return on Assets (ROA)		 0.00% -9,917.80% -10,576.74% -2,618.30% -686.48% -113.25% 5.38% -69.38% -82.18% 0.00% -371.90%
Return on Common Equity (ROCE)		 109.53% 295.50% 198.41% -71.21% -526.26% 689.34% 22.75% -99.03% -185.83% -740.65% -994.06%
Return on Equity Simple (ROE_SIMPLE)		 86.12% 162.58% 147.37% 111.38% 2,608.71% 211.14% 5.85% -182.63% -764.61% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.02 -0.32 -0.37 -0.37 -25 -19 -17 -27 -15 0.00 -7.98
NOPAT Margin		 0.00% -670,369.58% -21,154.94% -77,793.87% -163.24% -44.91% -37.15% -49.67% -38.42% 0.00% -122.19%
Net Nonoperating Expense Percent (NNEP)		 119.57% 414.05% 309.53% -45.32% 1,401.66% 128.70% -450.19% -145.71% 743.19% -17,754.23% 2,972.44%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -195.07% 0.00% -164.32%
Cost of Revenue to Revenue		 0.00% 10.42% 19.26% 44.42% 62.38% 62.19% 66.60% 72.08% 69.43% 0.00% 76.65%
SG&A Expenses to Revenue		 0.00% 439,112.50% 30,302.08% 111,189.68% 126.99% 80.97% 61.96% 64.82% 63.34% 0.00% 197.92%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 957,760.42% 30,302.08% 111,189.68% 270.82% 101.97% 70.96% 98.87% 85.45% 0.00% 197.92%
Earnings before Interest and Taxes (EBIT)		 -0.02 -0.52 -0.91 -1.05 -184 -50 6.18 -39 -21 0.00 -7.30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.00 -0.25 -0.13 -0.52 -183 -43 12 -35 -20 4.39 -6.98
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.73 0.00 0.00 1.63 0.74 2.98 0.40 19.36
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.73 0.00 0.00 3.41 1.38 2.98 0.42 19.36
Price to Revenue (P/Rev)		 0.00 0.00 0.00 34,389.87 7.87 1.47 2.05 0.29 0.23 0.00 1.21
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 27.89 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.59% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 4.40 0.00 1.93 0.76 2.87 0.35 3.10
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 34,548.49 10.78 2.12 1.65 0.33 0.23 0.00 1.69
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 6.48 0.00 0.00 0.64 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 12.25 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93.20 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 10.04 0.00 4.64 0.00 0.00 1.64 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.67 -0.47 -0.54 0.03 10.66 -1.13 0.18 0.53 1.55 0.28 10.94
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 4.68 -0.85 0.16 0.53 0.00 0.00 10.94
Financial Leverage		 -0.60 -0.47 -0.51 -1.37 1.75 -2.54 0.31 -0.21 0.09 -0.04 0.28
Leverage Ratio		 -0.07 -0.03 -0.02 0.03 4.15 -4.26 4.23 1.43 2.26 2.80 2.67
Compound Leverage Factor		 -0.15 -0.05 -0.04 0.03 4.16 -5.05 2.34 1.45 2.40 0.00 3.17
Debt to Total Capital		 -201.46% -87.04% -115.41% 2.81% 91.42% 868.44% 15.07% 34.71% 60.82% 21.82% 91.62%
Short-Term Debt to Total Capital		 -201.46% -87.04% -115.41% 2.81% 51.25% 214.00% 1.25% 0.00% 60.82% 21.82% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 40.18% 654.44% 13.82% 34.71% 0.00% 0.00% 91.62%
Preferred Equity to Total Capital		 -0.01% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 25.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 301.46% 187.04% 215.41% 97.18% -17.35% -768.44% 84.93% 65.29% 39.18% 78.18% 8.38%
Debt to EBITDA		 93.55 -1.07 -4.79 -0.53 -0.20 -0.73 0.88 -0.33 -0.24 0.55 -0.64
Net Debt to EBITDA		 93.55 -1.03 -4.78 -0.14 -0.19 -0.64 -1.60 -0.06 -0.01 -0.15 -0.45
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.09 -0.55 0.80 -0.33 0.00 0.00 -0.64
Debt to NOPAT		 -2.23 -0.83 -1.73 -0.74 -1.46 -1.66 -0.60 -0.42 -0.31 0.00 -0.56
Net Debt to NOPAT		 -2.23 -0.80 -1.72 -0.20 -1.37 -1.45 1.09 -0.07 -0.01 0.00 -0.39
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.64 -1.25 -0.55 -0.42 0.00 0.00 -0.56
Altman Z-Score		 0.00 0.00 0.00 -68.99 -15.18 -9.90 -0.01 -11.47 -28.23 -27.60 -4.66
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.01% 81.51% -42.94% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.03 0.01 0.07 0.53 0.32 5.98 4.93 1.19 2.10 2.29
Quick Ratio		 0.00 0.02 0.00 0.07 0.25 0.16 3.89 1.78 0.64 1.49 1.48
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.02 -0.02 -0.13 1.63 -66 19 -57 -11 5.53 -4.85 -3.54
Operating Cash Flow to CapEx		 0.00% -72.24% 0.00% 0.00% -19,062.73% -4,970.20% -3,359.21% -10,380.30% 538.89% -135.60% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.62 -0.06 -0.16 26.96 -98.80 2.08 -20.52 -20.77 4.09 0.00 -2.63
Operating Cash Flow to Interest Expense		 -0.91 -0.44 -0.05 -13.90 -31.30 -0.80 -4.30 -37.30 0.07 0.00 -6.06
Operating Cash Flow Less CapEx to Interest Expense		 -0.91 -1.05 -0.05 -13.90 -31.46 -0.82 -4.42 -37.66 0.06 0.00 -6.06
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.01 0.11 0.00 0.58 0.81 0.73 0.96 1.39 0.00 0.54
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 8.15 8.06 8.08 6.95 0.00 1.40
Inventory Turnover		 0.00 0.00 0.03 0.02 2.95 4.63 6.06 5.08 3.18 0.00 1.68
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 127.32 148.17 146.94 127.58 0.00 57.82
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 4.68 7.37 7.97 10.53 5.44 0.00 1.90
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 44.80 45.31 45.19 52.48 0.00 260.20
Days Inventory Outstanding (DIO)		 0.00 0.00 11,627.54 21,003.93 123.76 78.89 60.25 71.81 114.89 0.00 216.72
Days Payable Outstanding (DPO)		 0.00 3,287,482.00 109,998.32 206,727.52 78.05 49.52 45.81 34.67 67.16 0.00 192.56
Cash Conversion Cycle (CCC)		 0.00 -3,287,482.00 -98,370.78 -185,723.59 45.71 74.18 59.75 82.33 100.21 0.00 284.36
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.02 -0.32 -0.55 -2.55 38 -0.33 39 23 3.15 8.00 3.55
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.87 2.25 2.37 1.74 2.90 0.00 1.13
Increase / (Decrease) in Invested Capital		 -0.00 -0.30 -0.23 -2.00 41 -39 40 -16 -20 4.85 -4.45
Enterprise Value (EV)		 0.00 0.00 0.00 16 168 90 76 18 9.04 2.81 11
Market Capitalization		 0.00 0.00 0.00 16 123 62 94 16 8.87 3.46 7.88
Book Value per Share		 $0.00 ($0.01) ($0.39) $0.12 ($0.16) ($0.57) $1.98 $0.73 $0.09 $5.22 $0.03
Tangible Book Value per Share		 $0.00 ($0.01) ($0.39) $0.12 ($0.89) ($1.22) $0.95 $0.39 $0.09 $4.98 $0.03
Total Capital		 -0.02 -0.31 -0.55 9.74 41 3.66 68 33 7.60 11 4.86
Total Debt		 0.04 0.27 0.63 0.27 37 32 10 11 4.62 2.41 4.45
Total Long-Term Debt		 0.00 0.00 0.00 0.00 16 24 9.42 11 0.00 0.00 4.45
Net Debt		 0.04 0.26 0.63 0.07 35 28 -19 1.97 0.17 -0.65 3.14
Capital Expenditures (CapEx)		 0.00 0.25 0.00 0.00 0.11 0.15 0.35 0.20 0.02 1.09 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.02 -0.32 -0.55 -2.57 2.90 -33 8.49 12 2.71 7.20 3.27
Debt-free Net Working Capital (DFNWC)		 -0.02 -0.31 -0.55 -2.38 5.43 -29 37 22 7.16 10 4.58
Net Working Capital (NWC)		 -0.06 -0.57 -1.18 -2.65 -15 -37 37 22 2.54 7.85 4.58
Net Nonoperating Expense (NNE)		 0.03 0.61 1.38 2.58 159 40 -20 12 7.94 43 37
Net Nonoperating Obligations (NNO)		 0.04 0.26 0.63 -12 35 28 -19 1.97 0.17 -0.65 3.14
Total Depreciation and Amortization (D&A)		 0.03 0.27 0.78 0.53 0.52 6.62 5.51 3.84 1.87 4.39 0.32
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -660,947.92% -31,750.98% -542,049.47% 18.61% -77.90% 18.46% 22.82% 7.01% 0.00% 50.11%
Debt-free Net Working Capital to Revenue		 0.00% -639,704.17% -31,667.82% -500,012.84% 34.88% -68.53% 81.37% 40.15% 18.56% 0.00% 70.14%
Net Working Capital to Revenue		 0.00% -1,196,506.25% -68,216.49% -557,742.11% -99.17% -86.91% 79.51% 40.15% 6.58% 0.00% 70.14%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($68.64) ($137.28) $0.00 $0.00 ($319.44) $6.60 ($58.96) ($32.29) ($0.10) ($2.13)
Adjusted Weighted Average Basic Shares Outstanding		 5.48K 10.27K 11.35K 11.54K 0.00 249.65K 452.91K 667.11K 705.19K 1.62M 21.11M
Adjusted Diluted Earnings per Share		 $0.00 ($68.64) ($137.28) $0.00 $0.00 ($319.44) $6.16 ($58.96) ($32.29) ($0.10) ($2.13)
Adjusted Weighted Average Diluted Shares Outstanding		 5.48K 10.27K 11.35K 11.54K 0.00 249.65K 497.79K 667.11K 705.19K 1.62M 21.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($319.44) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.30K 0.00 11.46K 11.54K 0.00 185.93K 667.38K 694.12K 0.00 2.42M 27.43M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.02 -0.15 -0.37 -0.37 -18 -13 -13 -14 -8.85 0.00 -7.98
Normalized NOPAT Margin		 0.00% -307,316.04% -21,154.94% -77,793.87% -113.05% -30.21% -28.25% -25.83% -22.94% 0.00% -122.19%
Pre Tax Income Margin		 0.00% -1,945,335.42% -100,533.91% -234,717.47% -1,184.19% -139.32% 7.44% -71.96% -59.00% 0.00% -132.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.99 -1.27 -1.10 -17.39 -274.32 -5.36 2.24 -70.39 -15.83 0.00 -5.43
NOPAT to Interest Expense		 -0.69 -0.78 -0.44 -6.10 -37.95 -2.05 -6.19 -49.27 -10.96 0.00 -5.94
EBIT Less CapEx to Interest Expense		 -0.99 -1.87 -1.10 -17.39 -274.48 -5.37 2.11 -70.75 -15.84 0.00 -5.43
NOPAT Less CapEx to Interest Expense		 -0.69 -1.39 -0.44 -6.10 -38.12 -2.07 -6.32 -49.63 -10.97 0.00 -5.94
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 47.27% 0.00% 0.00% 0.00% -0.30%

Quarterly Metrics And Ratios for Better Choice

This table displays calculated financial ratios and metrics derived from Better Choice's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 30,577,148.00 32,081,148.00 32,081,148.00 893,602.00 1,655,329.00 1,655,329.00 1,933,139.00 2,422,005.00 11,667,074.00 27,426,843.00 298,207,684.00
DEI Adjusted Shares Outstanding		 694,935.00 729,117.00 729,117.00 893,602.00 1,655,329.00 1,655,329.00 1,933,139.00 2,422,005.00 11,667,074.00 27,426,843.00 298,207,684.00
DEI Earnings Per Adjusted Shares Outstanding		 -2.33 -20.16 -3.88 -3.49 0.92 -23.34 -2.06 -4.19 -1.30 -0.31 -0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.55% -38.46% -14.44% 304.99% -13.30% -1,186.37% -100.00% -100.00% 0.66% 0.00% 0.00%
EBITDA Growth		 78.17% 48.22% 14.26% 52.07% -29.70% 147.73% 138.16% 177.42% -1,333.67% -440.76% -444.92%
EBIT Growth		 80.06% 47.33% 24.24% 59.41% 11.75% 137.70% 100.00% 100.00% -1,294.23% 0.00% 0.00%
NOPAT Growth		 59.15% 47.33% 24.24% 48.86% 38.37% 167.02% 100.00% 100.00% -980.69% 0.00% 0.00%
Net Income Growth		 75.24% 39.66% 18.77% -5.09% 194.14% -162.81% -40.74% -225.81% -1,091.68% -116.27% 37.13%
EPS Growth		 75.24% 39.66% 28.43% 96.72% 131.74% 91.61% 95.28% -178.57% -201.37% -52.94% 94.87%
Operating Cash Flow Growth		 106.90% 138.40% 31.70% -91.53% -742.27% -311.00% 245.43% -7,055.00% 0.00% -299.73% -376.42%
Free Cash Flow Firm Growth		 385.59% 1,049.32% -6.04% -46.46% -73.20% -90.24% -130.63% -84.40% 39.20% -9.14% -823.15%
Invested Capital Growth		 -64.58% -86.62% -88.96% -87.22% -52.86% 154.24% 225.45% 0.00% -297.75% 42.67% 0.00%
Revenue Q/Q Growth		 24.50% -56.53% 38.60% 439.92% 33.13% -644.72% 100.00% 0.00% 0.00% 0.00% 22.52%
EBITDA Q/Q Growth		 64.97% -1,353.14% 80.36% 52.05% -61.89% 634.76% -84.30% -2.72% 0.00% 0.00% 1.53%
EBIT Q/Q Growth		 56.92% -896.32% 80.62% 51.22% -55.66% 525.55% -100.00% 0.00% 0.00% 0.00% -8.01%
NOPAT Q/Q Growth		 -1.20% -386.35% 80.62% 46.39% -56.04% 628.90% -100.00% 0.00% 0.00% 0.00% 52.03%
Net Income Q/Q Growth		 45.31% -806.91% 80.75% -10.07% -42.50% -2,631.78% 89.69% -154.81% 0.00% 0.00% 25.92%
EPS Q/Q Growth		 45.31% -806.91% 82.73% 96.11% -75.50% -339.73% 90.29% -129.41% 0.00% 0.00% 92.31%
Operating Cash Flow Q/Q Growth		 45.34% 188.92% -201.51% 101.99% -11,115.00% -230.77% 169.97% -195.08% 0.00% -138.44% -126.80%
Free Cash Flow Firm Q/Q Growth		 1.90% -57.87% 59.13% -21.64% -49.71% -84.65% -599.33% 139.91% 0.00% 0.00% -164.44%
Invested Capital Q/Q Growth		 -8.71% -80.23% -21.30% -10.02% 236.78% 6.61% 0.74% -100.00% 0.00% 0.00% 29.06%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.82% 9.33% 33.08% 22.07% 39.73% 0.00% 0.00% 0.00% 29.87% 37.55% 37.07%
EBITDA Margin		 -6.44% -215.35% -30.51% -2.71% -9.64% 0.00% 0.00% 0.00% -137.27% -111.69% -89.76%
Operating Margin		 -19.94% -223.13% -31.20% -3.10% -9.91% 0.00% 0.00% 0.00% -152.20% -135.02% -52.86%
EBIT Margin		 -9.74% -223.13% -31.20% -2.82% -9.91% 0.00% 0.00% 0.00% -137.27% -151.69% -133.73%
Profit (Net Income) Margin		 -12.36% -257.82% -35.81% -7.30% 13.42% 0.00% 0.00% 0.00% -132.20% -306.88% -185.55%
Tax Burden Percent		 100.00% 100.01% 100.07% 133.40% 100.13% -1,061.69% 0.00% 0.00% 90.68% 100.05% 100.03%
Interest Burden Percent		 126.94% 115.53% 114.68% 194.10% -135.23% 75.88% 0.00% 0.00% 106.21% 202.21% 138.70%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% -0.13% -21.43% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -19.35% -452.47% -65.38% -15.31% -28.42% 0.00% 0.00% 0.00% 0.00% -90.33% -63.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 94.89% -994.55% -110.79% 846.73% -298.18% 0.00% 0.00% 0.00% 0.00% -238.27% 232.03%
Return on Net Nonoperating Assets (RNNOA)		 0.58% -86.77% -26.89% -21.33% 23.12% 0.00% 0.00% 0.00% 0.00% -167.15% -43.83%
Return on Equity (ROE)		 -18.77% -539.24% -92.28% -36.65% -5.29% -740.65% -972.65% 0.00% 0.00% -257.48% -107.60%
Cash Return on Invested Capital (CROIC)		 20.30% 41.50% 45.56% 18.44% -30.06% -87.08% -59.11% 0.00% 0.00% -144.00% -360.60%
Operating Return on Assets (OROA)		 -8.57% -310.80% -45.96% -9.00% -13.78% 0.00% 0.00% 0.00% 0.00% -66.93% -39.41%
Return on Assets (ROA)		 -10.88% -359.12% -52.75% -23.30% 18.66% 0.00% 0.00% 0.00% 0.00% -135.40% -54.68%
Return on Common Equity (ROCE)		 -18.77% -539.24% -92.28% -36.65% -5.29% -740.65% -972.65% 0.00% 0.00% -257.48% -107.60%
Return on Equity Simple (ROE_SIMPLE)		 -215.07% 0.00% -1,964.12% 0.00% -129.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.83 -8.91 -1.73 -0.93 -1.13 5.97 0.00 0.00 -12 -2.65 -1.27
NOPAT Margin		 -13.96% -156.19% -21.84% -2.17% -9.92% 0.00% 0.00% 0.00% -106.54% -94.51% -37.00%
Net Nonoperating Expense Percent (NNEP)		 -114.24% 542.09% 45.41% -862.05% 269.76% -18,393.20% 553.19% 0.00% 20.80% 147.93% -295.80%
Return On Investment Capital (ROIC_SIMPLE)		 - -117.19% -27.18% -16.76% - 53.96% 0.00% - 87.62% -10.81% -3.11%
Cost of Revenue to Revenue		 66.18% 90.67% 66.92% 77.93% 60.27% 0.00% 0.00% 0.00% 70.13% 62.45% 62.93%
SG&A Expenses to Revenue		 53.76% 82.83% 64.28% 25.17% 49.64% 0.00% 0.00% 0.00% 158.57% 172.57% 89.94%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 53.76% 232.46% 64.28% 25.17% 49.64% 0.00% 0.00% 0.00% 182.07% 172.57% 89.94%
Earnings before Interest and Taxes (EBIT)		 -1.28 -13 -2.47 -1.20 -1.13 4.80 0.00 0.00 -16 -4.26 -4.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.85 -12 -2.41 -1.16 -1.10 5.86 0.92 0.90 -16 -3.14 -3.09
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.25 2.98 3.89 0.89 0.34 0.40 0.57 0.00 0.00 1.78 2.10
Price to Tangible Book Value (P/TBV)		 0.62 2.98 6.07 0.99 0.35 0.42 0.60 0.00 0.00 1.78 2.10
Price to Revenue (P/Rev)		 0.09 0.23 0.12 0.05 0.10 0.00 0.00 0.00 0.00 0.67 3.01
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.29 2.87 2.31 0.80 0.09 0.35 0.58 0.00 0.00 1.24 2.36
Enterprise Value to Revenue (EV/Rev)		 0.11 0.23 0.15 0.03 0.02 0.00 0.00 0.00 0.00 1.52 2.74
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.64 0.60 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 1.88 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 1.88 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 93.20 10.15 5.10 0.00 0.00 4.68 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.75 1.64 1.01 0.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.31 1.55 4.64 0.40 0.19 0.28 0.15 0.00 -0.70 5.97 1.24
Long-Term Debt to Equity		 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.04 0.00 0.00
Financial Leverage		 0.01 0.09 0.24 -0.03 -0.08 -0.04 0.16 0.00 -0.28 0.70 -0.19
Leverage Ratio		 1.58 2.26 2.53 2.16 1.90 2.80 3.38 0.00 -0.67 3.69 2.37
Compound Leverage Factor		 2.01 2.61 2.90 4.19 -2.57 2.12 0.00 0.00 -0.71 7.45 3.29
Debt to Total Capital		 23.50% 60.82% 82.27% 28.66% 15.88% 21.82% 13.36% 0.00% -229.62% 85.65% 55.29%
Short-Term Debt to Total Capital		 9.73% 60.82% 82.27% 28.66% 15.88% 21.82% 13.36% 0.00% -215.95% 85.65% 55.29%
Long-Term Debt to Total Capital		 13.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -13.67% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 76.50% 39.18% 17.73% 71.34% 84.12% 78.18% 86.64% 0.00% 329.62% 14.35% 44.71%
Debt to EBITDA		 -0.15 -0.24 -0.28 -0.09 -0.12 0.55 0.16 0.00 0.00 -1.91 -1.51
Net Debt to EBITDA		 -0.03 -0.01 -0.07 0.09 0.17 -0.15 0.01 0.00 0.00 -0.72 0.23
Long-Term Debt to EBITDA		 -0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.20 -0.31 -0.37 -0.12 -0.16 0.00 0.50 0.00 0.00 -1.98 -1.90
Net Debt to NOPAT		 -0.04 -0.01 -0.09 0.13 0.23 0.00 0.04 0.00 0.00 -0.75 0.29
Long-Term Debt to NOPAT		 -0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -12.16 -26.51 -27.29 -28.89 -23.39 -26.60 -29.11 0.00 0.00 -1.85 0.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.59 1.19 1.02 1.34 2.38 2.10 1.99 0.00 0.33 0.80 1.72
Quick Ratio		 0.94 0.64 0.58 0.84 1.74 1.49 1.26 0.00 0.12 0.68 1.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 27 11 18 14 7.28 1.12 -5.58 2.23 10 -6.09 -16
Operating Cash Flow to CapEx		 0.00% 12,387.50% -33,533.33% 133.33% -20,027.27% 0.00% 931.85% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 78.98 14.68 50.32 12.61 0.00 0.97 0.00 0.00 10.40 -1.40 -9.05
Operating Cash Flow to Interest Expense		 1.00 1.27 -2.78 0.02 0.00 -1.81 0.00 0.00 0.00 -0.67 -3.72
Operating Cash Flow Less CapEx to Interest Expense		 1.00 1.26 -2.79 0.00 0.00 1.13 0.00 0.00 0.00 -0.67 -3.72
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.88 1.39 1.47 3.19 1.39 0.00 0.00 0.00 0.00 0.44 0.29
Accounts Receivable Turnover		 4.64 6.95 6.99 13.73 4.69 0.00 0.00 0.00 0.00 2.39 3.36
Inventory Turnover		 3.05 3.18 3.70 8.46 3.94 0.00 0.00 0.00 0.00 2.32 4.28
Fixed Asset Turnover		 124.17 127.58 140.60 294.66 161.15 0.00 0.00 0.00 0.00 97.81 168.16
Accounts Payable Turnover		 5.01 5.44 4.92 10.17 4.10 0.00 0.00 0.00 0.00 2.38 9.38
Days Sales Outstanding (DSO)		 78.69 52.48 52.20 26.58 77.90 0.00 0.00 0.00 0.00 152.90 108.70
Days Inventory Outstanding (DIO)		 119.58 114.89 98.53 43.13 92.62 0.00 0.00 0.00 0.00 157.37 85.31
Days Payable Outstanding (DPO)		 72.80 67.16 74.19 35.88 89.01 0.00 0.00 0.00 0.00 153.51 38.93
Cash Conversion Cycle (CCC)		 125.47 100.21 76.53 33.83 81.51 0.00 0.00 0.00 0.00 156.76 155.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 16 3.15 2.48 2.23 7.50 8.00 8.06 0.00 -15 11 15
Invested Capital Turnover		 1.39 2.90 2.99 7.06 2.86 0.00 0.00 0.00 0.00 0.96 1.72
Increase / (Decrease) in Invested Capital		 -29 -20 -20 -15 -8.41 4.85 5.58 -2.23 -22 3.44 15
Enterprise Value (EV)		 4.62 9.04 5.72 1.77 0.66 2.81 4.63 0.00 38 14 35
Market Capitalization		 3.79 8.87 4.37 3.49 3.46 3.46 4.54 4.17 7.00 6.26 38
Book Value per Share		 $0.49 $0.09 $0.04 $4.41 $6.22 $5.22 $4.12 $0.00 ($3.93) $0.13 $0.06
Tangible Book Value per Share		 $0.20 $0.09 $0.02 $3.95 $5.98 $4.98 $3.91 $0.00 ($4.03) $0.13 $0.06
Total Capital		 20 7.60 6.35 5.52 12 11 9.19 0.00 -14 25 41
Total Debt		 4.63 4.62 5.23 1.58 1.94 2.41 1.23 0.00 32 21 23
Total Long-Term Debt		 2.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.90 0.00 0.00
Net Debt		 0.83 0.17 1.35 -1.71 -2.80 -0.65 0.09 0.00 31 7.97 -3.45
Capital Expenditures (CapEx)		 0.00 0.01 0.00 0.02 0.01 -3.40 0.16 -0.16 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 5.86 2.71 1.67 1.39 6.68 7.20 7.30 0.00 -20 3.28 15
Debt-free Net Working Capital (DFNWC)		 9.66 7.16 5.55 4.69 11 10 8.44 0.00 -20 16 41
Net Working Capital (NWC)		 7.74 2.54 0.32 3.10 9.47 7.85 7.21 0.00 -50 -4.69 18
Net Nonoperating Expense (NNE)		 -0.21 5.79 1.10 2.19 -2.65 45 3.98 10 2.94 5.96 5.11
Net Nonoperating Obligations (NNO)		 0.83 0.17 1.35 -1.71 -2.80 -0.65 0.09 0.00 31 7.97 -3.45
Total Depreciation and Amortization (D&A)		 0.43 0.44 0.06 0.05 0.03 1.07 0.92 0.90 0.00 1.12 1.51
Debt-free, Cash-free Net Working Capital to Revenue		 13.90% 7.01% 4.48% 2.01% 19.91% 0.00% 0.00% 0.00% 0.00% 35.07% 114.37%
Debt-free Net Working Capital to Revenue		 22.91% 18.56% 14.88% 6.75% 34.06% 0.00% 0.00% 0.00% 0.00% 174.88% 318.36%
Net Working Capital to Revenue		 18.36% 6.58% 0.86% 4.47% 28.26% 0.00% 0.00% 0.00% 0.00% -50.23% 141.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.20) ($917.40) ($3.60) $2.98 $0.73 ($1.75) ($0.37) $0.00 ($0.74) ($0.26) ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 703.99K 16.03K 786.75K 890.76K 2.09M 22.08M 2.61M 0.00 20.40M 33.74M 299.07M
Adjusted Diluted Earnings per Share		 ($2.20) ($917.40) ($3.60) $2.98 $0.73 ($1.75) ($0.37) $0.00 ($0.74) ($0.26) ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 703.99K 16.03K 786.75K 890.76K 2.09M 22.08M 2.61M 0.00 20.40M 33.74M 299.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($917.40) $0.00 $0.00 $0.00 ($1.75) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 729.12K 0.00 893.60K 1.66M 1.93M 2.42M 11.67M 0.00 0.00 298.21M 590.25M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.83 -8.91 -1.73 -0.93 -0.79 3.44 0.00 0.00 -10 -2.65 -1.27
Normalized NOPAT Margin		 -13.96% -156.19% -21.84% -2.17% -6.94% 0.00% 0.00% 0.00% -90.09% -94.51% -37.00%
Pre Tax Income Margin		 -12.36% -257.79% -35.78% -5.47% 13.40% 0.00% 0.00% 0.00% -145.78% -306.73% -185.49%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -3.71 -16.31 -6.81 -1.06 0.00 4.15 0.00 0.00 -16.12 -0.98 -2.58
NOPAT to Interest Expense		 -5.32 -11.42 -4.77 -0.82 0.00 5.16 0.00 0.00 -12.51 -0.61 -0.71
EBIT Less CapEx to Interest Expense		 -3.71 -16.32 -6.82 -1.08 0.00 7.08 0.00 0.00 0.00 -0.98 -2.58
NOPAT Less CapEx to Interest Expense		 -5.32 -11.43 -4.78 -0.83 0.00 8.10 0.00 0.00 0.00 -0.61 -0.71
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11%

Financials Breakdown Chart

Key Financial Trends

Better Choice Co. Inc. (NYSE: SRXH) showed some clear top-line improvement in Q2 2026, but the quarter still came with a large net loss and heavy reliance on external financing. The latest results suggest the business is generating more revenue than it did a year ago, but profitability and leverage remain major concerns.

  • Q2 2026 revenue rose to $3.4 million, up from $2.8 million in Q1 2026, showing sequential sales growth.
  • Gross profit improved to $1.3 million in Q2 2026, with gross margin near 37%, better than the prior quarter’s roughly 38% on a dollar basis and far stronger than several loss-making periods in 2025.
  • The company ended Q2 2026 with $20.5 million in cash and equivalents and $5.5 million in short-term investments, giving it near-term liquidity support.
  • Q2 2026 operating cash flow was negative, but the company still produced a $7.5 million increase in cash, helped by financing inflows.
  • Quarterly equity issuance brought in significant capital, including $38.97 million of common equity and $4.33 million of preferred equity in Q2 2026.
  • The balance sheet shows a very asset-light business, with just $76,000 of net property, plant and equipment in Q2 2026.
  • Weighting changes and large share counts continue to make per-share comparisons noisy, especially after financing activity and restatements.
  • The company has no long-term debt at Q2 2026, but it does carry meaningful short-term obligations.
  • SRXH reported a Q2 2026 net loss of $6.4 million, or -$0.02 per share, showing it remains unprofitable.
  • Operating cash flow was negative $6.6 million in Q2 2026, which indicates the core business is still burning cash.
  • Total liabilities of $25.1 million were well above common equity of $18.3 million at quarter-end, leaving the capital structure under pressure.
  • Short-term debt of $22.6 million is a large burden relative to cash flow and current earnings power.
  • From a year-over-year standpoint, the business has been highly volatile: Q2 2025 revenue was reported as $0 while Q2 2026 recovered to $3.4 million, highlighting inconsistent operating performance.

Longer-term trend: Better Choice has moved from a period of severe operating stress in 2024 and early 2025 to a more liquid position in 2026, largely because of financing transactions rather than sustained profitability. Revenue has recovered, but the company still has to prove it can translate sales into positive operating cash flow and durable earnings.

07/04/26 07:01 AM ETAI Generated. May Contain Errors.

Better Choice Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Better Choice's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Better Choice's net income appears to be on an upward trend, with a most recent value of -$45.01 million in 2025, rising from -$49.67 thousand in 2015. The previous period was -$43.05 million in 2024.

Better Choice's total operating income in 2025 was -$11.41 million, based on the following breakdown:
  • Total Gross Profit: $1.53 million
  • Total Operating Expenses: $12.93 million

Over the last 10 years, Better Choice's total revenue changed from $0.00 in 2015 to $6.53 million in 2025, a change of 653,400,000.0%.

Better Choice's total liabilities were at $8.00 million at the end of 2025, a 11.8% increase from 2024, and a 13,255.0% increase since 2015.

In the past 10 years, Better Choice's cash and equivalents has ranged from $0.00 in 2015 to $21.73 million in 2021, and is currently $1.31 million as of their latest financial filing in 2025.

Over the last 10 years, Better Choice's book value per share changed from 0.00 in 2015 to 0.03 in 2025, a change of -2,426.7%.


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Financial statements for NYSE:SRXH last updated on 7/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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