DarkHorse Technologies Inc.
DRK Nasdaq· Finance Services
Last close · Oct 27, 2026
$1.99
KIRA · Stoqly’s AI analyst, in plain words
- DarkHorse Technologies Inc. had $11.2M of revenue in fiscal 2025, down 32.7% on the year before.
- Its operating margin was −196.8%, down 67.8 pts: of every 100 in sales, about −197 is left after running the business.
- DarkHorse Technologies Inc. lost $21.5M in fiscal 2025.
- Free cash flow was −$23.6M in fiscal 2025, −211.2% of revenue.
Market cap
$10.3M
P/E
—
Revenue
$11.2M
Net income
−$21.5M
Free cash flow
−$23.6M
Operating margin
−196.8%
DarkHorse Technologies Inc. in 30 seconds · fiscal 2025
Are sales growing?
−32.7%
No. Sales fell 32.7% last year.
Does it make a profit?
−192.1%
No. It lost money last year.
Does profit turn into cash?
−211.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What DarkHorse Technologies Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 27, 2026
- Legal name
- DarkHorse Technologies Inc.
- CIK
- 0001591956
DarkHorse Technologies Inc. · DRK
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | $6.1M | $21.9M | $16.6M | $11.2M |
| Revenue growth | — | — | 260.5% | −24.2% | −32.7% |
| Gross margin | — | 43.8% | 27.2% | 19.4% | 23.5% |
| Operating margin | — | −2,594.3% | −136.9% | −128.9% | −196.8% |
| Net income | — | −$193M | −$23.3M | −$9.5M | −$21.5M |
| Net margin | — | −3,172.6% | −106.5% | −57.0% | −192.1% |
| Diluted EPS | — | −$20.36 | −$1.93 | −$4.78 | −$7.37 |
| Cash | |||||
| Cash from operations | — | −$30.8M | −$6.6M | −$4.6M | −$16.1M |
| Capital expenditure | — | $17.6M | $1.6M | $8.9M | $7.5M |
| Free cash flow | — | −$48.4M | −$8.1M | −$13.5M | −$23.6M |
| FCF margin | — | −796.5% | −37.2% | −81.4% | −211.2% |
| Share count change | — | — | 28.1% | −83.7% | 47.2% |
| Debt and strength | |||||
| Cash and short-term investments | $54.4M | $1.3M | $0.6M | $5.4M | $3.7M |
| Shareholders' equity | $227M | $34.9M | $26.5M | $39.3M | $23.3M |
| Current ratio | 15.1x | 1.7x | 2.5x | 4.6x | 4.8x |
| Interest coverage | — | — | −25.4x | — | — |
| Returns and quality | |||||
| Return on equity | — | −147.1% | −76.0% | −28.8% | −68.6% |
| Return on tangible equity | — | −759.2% | −106.7% | −26.1% | −99.0% |
| Piotroski F-score | — | — | 4 | 4 | 4 |
| Altman Z'' | — | −25.9 | −30.0 | −25.1 | −52.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.1M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
DarkHorse Technologies Inc. · DRK
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.99 a share, the company is worth $10.3M.
Source: SEC EDGAR XBRL filings (CIK 0001591956). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.