SRX Global Inc.
SRXH NYSE Beverages Financials FY2014–FY2025
Revenue
Total sales reported in the income statement.
$38.6M
29.4%
vs prior year
Operating margin
Operating income as a share of revenue.
−54.9%
16.1 pts
Net income
Profit after all expenses, interest and tax.
−$22.8M
Free cash flow
Cash from operations minus capital spending.
$0.1M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$45.15 EPS (TTM)
What SRX Global Inc. does
No business description yet.
- Legal name
- SRX Global Inc.
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 10-K · Dec 5, 2025
- Accession · CIK
- 0001493152-25-026452
0001471727
Revenue and margins
SRX Global Inc. had $38.6M of revenue in fiscal 2025.
FY14
Revenue $0.0M
FY15
Revenue $0.0M
FY16
Revenue $0.0M
FY17
Revenue $0.0M
FY18
Revenue $0.0M
FY19
Revenue $15.6M
FY20
Revenue $42.6M
FY21
Revenue $46.0M
FY22
Revenue $54.7M
FY25
Revenue $38.6M
Q4 '21
Revenue $11.0M
Q1 '22
Revenue $17.0M
Q2 '22
Revenue $16.5M
Q3 '22
Revenue $11.9M
Q4 '22
Revenue $9.3M
Q1 '25
Revenue $9.2M
Q2 '25
Revenue $10.5M
Q3 '25
Revenue $13.1M
Q4 '25
Revenue $2.7M
Q1 '26
Revenue $2.8M
Q2 '26
Revenue $3.4M
Q3 '26
Revenue $3.4M
FY14
Gross —
Operating —
Net —
FCF —
FY15
Gross —
Operating —
Net —
FCF —
FY16
Gross —
Operating —
Net —
FCF —
FY17
Gross 82.4%
Operating −30,823.5%
Net −102,547.1%
FCF −2,341.2%
FY18
Gross 60.0%
Operating −105,580.0%
Net −590,160.0%
FCF —
FY19
Gross 37.6%
Operating −233.2%
Net −1,184.2%
FCF −135.3%
FY20
Gross 37.8%
Operating −64.2%
Net −139.3%
FCF −18.0%
FY21
Gross 33.4%
Operating −37.6%
Net 7.4%
FCF −26.5%
FY22
Gross 27.9%
Operating −71.0%
Net −71.9%
FCF −38.0%
FY25
Gross 30.6%
Operating −54.9%
Net −59.0%
FCF 0.2%
Gross
Operating
Net
FCF
Q4 '21
Gross 25.1%
Operating −45.3%
Net −46.3%
FCF −34.3%
Q1 '22
Gross 27.7%
Operating −23.3%
Net −23.7%
FCF −45.9%
Q2 '22
Gross 28.6%
Operating −25.8%
Net −26.4%
FCF −32.5%
Q3 '22
Gross 35.1%
Operating −54.0%
Net −55.2%
FCF −42.0%
Q4 '22
Gross 17.9%
Operating −260.7%
Net −262.9%
FCF −27.9%
Q1 '25
Gross 35.1%
Operating −35.2%
Net −37.7%
FCF −16.1%
Q2 '25
Gross 34.1%
Operating −24.5%
Net −28.1%
FCF 2.2%
Q3 '25
Gross 33.8%
Operating −19.9%
Net −12.4%
FCF 2.6%
Q4 '25
Gross 1.2%
Operating −322.0%
Net −566.1%
FCF 14.1%
Q1 '26
Gross 37.5%
Operating −135.0%
Net −306.9%
FCF —
Q2 '26
Gross 37.1%
Operating −52.9%
Net −185.5%
FCF —
Q3 '26
Gross 26.7%
Operating −94.4%
Net −122.1%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY14
Net income −$0.1M
FY15
Net income −$0.0M
FY16
Net income −$0.9M
FY17
Net income −$1.7M
FY18
Net income −$3.0M
FY19
Net income −$184M
FY20
Net income −$59.3M
FY21
Net income $3.4M
FY22
Net income −$39.3M
FY25
Net income −$22.8M
Q4 '21
Net income −$5.1M
Q1 '22
Net income −$4.0M
Q2 '22
Net income −$4.4M
Q3 '22
Net income −$6.5M
Q4 '22
Net income −$24.4M
Q1 '25
Net income −$3.5M
Q2 '25
Net income −$3.0M
Q3 '25
Net income −$1.6M
Q4 '25
Net income −$15.1M
Q1 '26
Net income −$8.6M
Q2 '26
Net income −$6.4M
Q3 '26
Net income −$4.1M
FY14
Diluted EPS $0.00
FY15
Diluted EPS $0.00
FY16
Diluted EPS −$0.01
FY17
Diluted EPS −$0.02
FY18
Diluted EPS −$0.98
FY19
Diluted EPS −$5.55
FY20
Diluted EPS −$7.26
FY21
Diluted EPS $0.14
FY22
Diluted EPS −$58.93
FY25
Diluted EPS −$32.29
Q4 '21
Diluted EPS $0.45
Q1 '22
Diluted EPS −$0.14
Q2 '22
Diluted EPS −$0.15
Q3 '22
Diluted EPS −$0.22
Q4 '22
Diluted EPS −$58.42
Q1 '25
Diluted EPS −$5.03
Q2 '25
Diluted EPS −$4.27
Q3 '25
Diluted EPS −$2.30
Q4 '25
Diluted EPS −$44.51
Q1 '26
Diluted EPS −$0.26
Q2 '26
Diluted EPS −$0.02
Q3 '26
Diluted EPS −$0.36
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY14
Return on capital —
Return on equity —
Return on assets −1,163.6%
FY15
Return on capital —
Return on equity —
Return on assets −1,506.1%
FY16
Return on capital —
Return on equity —
Return on assets −9,934.0%
FY17
Return on capital —
Return on equity —
Return on assets −10,597.6%
FY18
Return on capital —
Return on equity —
Return on assets −98.3%
FY19
Return on capital −65.4%
Return on equity —
Return on assets −619.8%
FY20
Return on capital −256.7%
Return on equity —
Return on assets −113.3%
FY21
Return on capital −36.8%
Return on equity 22.8%
Return on assets 5.4%
FY22
Return on capital −102.3%
Return on equity −99.0%
Return on assets −69.4%
FY25
Return on capital —
Return on equity −5,594.6%
Return on assets −271.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $0.1M in fiscal 2025, 0.2% of revenue. Cash from operations minus capital spending.
FY14
Free cash flow —
FY15
Free cash flow −$0.0M
FY16
Free cash flow −$0.4M
FY17
Free cash flow −$0.0M
FY18
Free cash flow —
FY19
Free cash flow −$21.1M
FY20
Free cash flow −$7.7M
FY21
Free cash flow −$12.2M
FY22
Free cash flow −$20.8M
FY25
Free cash flow $0.1M
Q4 '21
Free cash flow −$3.8M
Q1 '22
Free cash flow −$7.8M
Q2 '22
Free cash flow −$5.4M
Q3 '22
Free cash flow −$5.0M
Q4 '22
Free cash flow −$2.6M
Q1 '25
Free cash flow −$1.5M
Q2 '25
Free cash flow $0.2M
Q3 '25
Free cash flow $0.3M
Q4 '25
Free cash flow $0.4M
Q1 '26
Free cash flow —
Q2 '26
Free cash flow —
Q3 '26
Free cash flow —
FY14
Cash from operations −$0.0M
Capital spending —
FY15
Cash from operations −$0.0M
Capital spending $0.0M
FY16
Cash from operations −$0.2M
Capital spending $0.3M
FY17
Cash from operations −$0.0M
Capital spending $0.0M
FY18
Cash from operations −$0.8M
Capital spending —
FY19
Cash from operations −$21.0M
Capital spending $0.1M
FY20
Cash from operations −$7.5M
Capital spending $0.2M
FY21
Cash from operations −$11.9M
Capital spending $0.4M
FY22
Cash from operations −$20.6M
Capital spending $0.2M
FY25
Cash from operations $0.1M
Capital spending $0.0M
Cash from operations
Capital spending
Q4 '21
Cash from operations −$3.5M
Capital spending $0.2M
Q1 '22
Cash from operations −$7.7M
Capital spending $0.2M
Q2 '22
Cash from operations −$5.3M
Capital spending $0.0M
Q3 '22
Cash from operations −$5.0M
Capital spending $0.0M
Q4 '22
Cash from operations −$2.6M
Capital spending $0.0M
Q1 '25
Cash from operations −$1.5M
Capital spending $0.0M
Q2 '25
Cash from operations $0.2M
Capital spending $0.0M
Q3 '25
Cash from operations $0.3M
Capital spending $0.0M
Q4 '25
Cash from operations $0.4M
Capital spending $0.0M
Q1 '26
Cash from operations −$2.9M
Capital spending —
Q2 '26
Cash from operations −$6.6M
Capital spending —
Q3 '26
Cash from operations —
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
SRX Global Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY14
Dividends —
Buybacks —
FY15
Dividends —
Buybacks —
FY16
Dividends —
Buybacks —
FY17
Dividends —
Buybacks $0.0M
FY18
Dividends —
Buybacks $0.0M
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks $0.0M
FY21
Dividends —
Buybacks $1.6M
FY22
Dividends —
Buybacks $0.0M
FY25
Dividends —
Buybacks —
Dividends
Buybacks
Q4 '21
Dividends —
Buybacks $0.3M
Q1 '22
Dividends —
Buybacks —
Q2 '22
Dividends —
Buybacks —
Q3 '22
Dividends —
Buybacks —
Q4 '22
Dividends —
Buybacks $0.0M
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Q3 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY14
Diluted shares 0.03B
FY15
Diluted shares 0.04B
FY16
Diluted shares 0.07B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.03B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.02B
FY22
Diluted shares 0.00B
FY25
Diluted shares 0.00B
Balance sheet
Cash, debt and the ratios that show how comfortably SRX Global Inc. can carry it.
FY14
Cash $0.0M
Debt —
FY15
Cash $0.0M
Debt —
FY16
Cash $0.0M
Debt —
FY17
Cash $0.0M
Debt $0.6M
FY18
Cash $3.9M
Debt $6.2M
FY19
Cash $2.4M
Debt $53.3M
FY20
Cash $3.9M
Debt $40.4M
FY21
Cash $21.7M
Debt $10.3M
FY22
Cash $3.2M
Debt $11.6M
FY25
Cash $1.3M
Debt $0.0M
Cash
Debt
| Fiscal year end | FY19 | FY20 | FY21 | FY22 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.4M | $3.9M | $21.7M | $3.2M | $1.3M |
| Debt incl. finance leases | $53.3M | $40.4M | $10.3M | $11.6M | $0.0M |
| Debt / equity | — | — | 0.2x | 0.5x | 0.0x |
| Interest coverage | −51.9x | −3.0x | — | −70.4x | −15.7x |
| Current ratio | 0.5x | 0.3x | 6.0x | 4.9x | 2.3x |
| Quick ratio | 0.3x | 0.2x | 5.3x | 3.1x | 1.7x |
| Total assets | $53.5M | $51.3M | $74.7M | $38.7M | $8.4M |
| Total liabilities | $50.0M | $79.4M | $16.8M | $17.1M | $8.0M |
| Shareholders' equity | −$7.1M | −$28.1M | $57.9M | $21.5M | $0.4M |
| Net debt (− = net cash) | $51.0M | $36.5M | −$11.5M | $8.4M | −$1.3M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ |
| Return on assets rose | — | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✕ | — |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | ✓ | ✓ | ✓ | ✓ | ✕ | — |
| Current ratio rose | — | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | — |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | — |
| Gross margin rose | — | — | — | — | ✕ | ✕ | ✓ | ✕ | ✕ | — |
| Revenue rose relative to assets | — | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | — |
| F-score | — / 3 | 1 / 7 | 2 / 7 | 3 / 7 | 4 / 9 | 3 / 9 | 6 / 9 | 4 / 9 | 3 / 9 | — / 3 |
| Accruals ratio | −650.0% | −812.1% | −8,012.8% | −10,355.6% | −70.2% | −549.4% | −98.9% | 24.2% | −33.1% | −272.2% |
| Altman Z'' | −381.26 | −894.51 | −682.21 | −1,314.83 | −13.48 | −18.86 | −25.27 | −6.04 | −26.86 | −22.20 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $15.6M | $42.6M | $46.0M | $54.7M | $38.6M |
| Net interest income | — | — | — | — | — | −$0.7M | −$9.2M | −$3.2M | −$0.6M | — |
| Gross profit | — | $0.0M | $0.0M | $0.0M | $0.0M | $5.9M | $16.1M | $15.4M | $15.3M | $11.8M |
| Research and development | — | — | — | — | — | — | $0.1M | $0.5M | $0.5M | $0.1M |
| Operating income | −$0.0M | −$0.0M | −$0.5M | −$0.5M | −$0.5M | −$36.3M | −$27.3M | −$17.3M | −$38.8M | −$21.2M |
| Interest expense | $0.0M | $0.0M | $0.4M | $0.8M | $0.5M | $0.7M | $9.2M | — | $0.6M | $1.4M |
| Pretax income | −$0.1M | −$0.0M | −$0.9M | −$1.7M | −$1.1M | — | −$59.3M | $3.4M | −$39.3M | −$22.8M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | −$0.0M | $0.0M |
| Net income | −$0.1M | −$0.0M | −$0.9M | −$1.7M | −$3.0M | −$184M | −$59.3M | $3.4M | −$39.3M | −$22.8M |
| Net income to common | — | — | — | −$1.7M | −$3.0M | −$185M | −$59.4M | $3.4M | −$39.3M | −$22.8M |
| Diluted EPS | $0.00 | $0.00 | −$0.01 | −$0.02 | −$0.98 | −$5.55 | −$7.26 | $0.14 | −$58.93 | −$32.29 |
| Diluted shares | 0.03B | 0.04B | 0.07B | 0.00B | 0.00B | 0.03B | 0.01B | 0.02B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | −$0.0M | −$0.0M | −$0.2M | −$0.0M | −$0.8M | −$21.0M | −$7.5M | −$11.9M | −$20.6M | $0.1M |
| Capital expenditure | — | $0.0M | $0.3M | $0.0M | — | $0.1M | $0.2M | $0.4M | $0.2M | $0.0M |
| Free cash flow | — | −$0.0M | −$0.4M | −$0.0M | — | −$21.1M | −$7.7M | −$12.2M | −$20.8M | $0.1M |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.0M | — | $0.2M | $1.7M | $1.7M | $1.7M | $1.7M |
| Stock-based compensation | — | — | — | — | — | $10.3M | $8.9M | $4.1M | $3.0M | $1.8M |
| Share buybacks | — | — | — | $0.0M | $0.0M | — | $0.0M | $1.6M | $0.0M | — |
| Dividends and buybacks | — | — | — | $0.0M | $0.0M | — | $0.0M | $1.6M | $0.0M | — |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.0M | $0.0M | $0.0M | $0.0M | $3.9M | $2.4M | $3.9M | $21.7M | $3.2M | $1.3M |
| Total debt | — | — | — | $0.6M | $6.2M | $53.3M | $40.4M | $10.3M | $11.6M | $0.0M |
| Current assets | $0.0M | $0.0M | $0.0M | $0.0M | $5.9M | $17.6M | $17.6M | $43.9M | $27.5M | $8.1M |
| Current liabilities | $0.0M | $0.1M | $0.6M | $1.2M | $9.0M | $33.0M | $54.6M | $7.3M | $5.6M | $3.5M |
| Inventory | — | $0.0M | $0.0M | $0.0M | $1.6M | $6.6M | $4.9M | $5.2M | $10.3M | $2.1M |
| Property and equipment, net | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.4M | $0.3M | $0.4M | $0.4M | $0.1M |
| Goodwill | — | — | — | — | $0.0M | $18.6M | $18.6M | $18.6M | $0.0M | — |
| Intangible assets | — | $0.0M | — | — | $0.0M | $14.6M | $13.1M | $11.6M | $10.1M | — |
| Total assets | $0.0M | $0.0M | $0.0M | $0.0M | $6.0M | $53.5M | $51.3M | $74.7M | $38.7M | $8.4M |
| Total liabilities | $0.0M | $2.4M | $0.6M | $1.2M | $9.0M | $50.0M | $79.4M | $16.8M | $17.1M | $8.0M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | — | $0.0M | $0.0M | $0.0M | — | — |
| Shareholders' equity | −$0.0M | −$2.4M | −$0.6M | −$1.2M | −$3.0M | −$7.1M | −$28.1M | $57.9M | $21.5M | $0.4M |
| Margins | ||||||||||
| Gross margin | — | — | — | 82.4% | 60.0% | 37.6% | 37.8% | 33.4% | 27.9% | 30.6% |
| Operating margin | — | — | — | −30,823.5% | −105,580.0% | −233.2% | −64.2% | −37.6% | −71.0% | −54.9% |
| EBITDA margin | — | — | — | −30,823.5% | — | −232.1% | −60.0% | −33.9% | −67.9% | −50.5% |
| Net margin | — | — | — | −102,547.1% | −590,160.0% | −1,184.2% | −139.3% | 7.4% | −71.9% | −59.0% |
| FCF margin | — | — | — | −2,341.2% | — | −135.3% | −18.0% | −26.5% | −38.0% | 0.2% |
| Net interest share of revenue | — | — | — | — | — | −4.3% | −21.7% | −7.0% | −1.0% | — |
| Returns | ||||||||||
| Return on capital | — | — | — | — | — | −65.4% | −256.7% | −36.8% | −102.3% | — |
| Return on capital employed | 82.7% | 42.8% | 80.0% | 44.3% | 17.4% | −177.1% | 822.2% | −25.7% | −117.2% | −435.9% |
| Return on equity | — | — | — | — | — | — | — | 22.8% | −99.0% | −5,594.6% |
| Return on assets | −1,163.6% | −1,506.1% | −9,934.0% | −10,597.6% | −98.3% | −619.8% | −113.3% | 5.4% | −69.4% | −271.0% |
| Return on tangible equity | — | — | — | — | — | — | — | 12.2% | −342.8% | −5,594.6% |
| Growth | ||||||||||
| Revenue growth | — | — | — | — | −70.6% | 3,115,300.0% | 173.4% | 8.0% | 18.8% | — |
| Net income growth | — | — | — | — | — | — | — | — | −1,260.8% | — |
| EPS growth | — | — | — | — | — | — | — | — | −42,192.9% | — |
| Share count change | — | 35.3% | 87.5% | −95.7% | 1.6% | 991.1% | −75.4% | 167.7% | −97.0% | — |
| Financial health | ||||||||||
| Debt / equity | — | — | — | — | — | — | — | 0.2x | 0.5x | 0.0x |
| Interest coverage | −1.1x | −1.0x | −1.1x | −0.7x | −1.0x | −51.9x | −3.0x | — | −70.4x | −15.7x |
| Current ratio | 0.0x | 0.0x | 0.0x | 0.0x | 0.7x | 0.5x | 0.3x | 6.0x | 4.9x | 2.3x |
| Quick ratio | 0.0x | 0.0x | 0.0x | 0.0x | 0.5x | 0.3x | 0.2x | 5.3x | 3.1x | 1.7x |
| Capital allocation | ||||||||||
| Capex / revenue | — | — | — | 0.0% | — | 0.7% | 0.4% | 0.8% | 0.4% | 0.0% |
| Stock comp / revenue | — | — | — | — | — | 66.0% | 21.0% | 9.0% | 5.4% | 4.6% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 1.0 | 2.0 | 3.0 | 4.0 | 3.0 | 6.0 | 4.0 | 3.0 | — |
| Altman Z'' | −381.3 | −894.5 | −682.2 | −1,314.8 | −13.5 | −18.9 | −25.3 | −6.0 | −26.9 | −22.2 |
| Accruals ratio | −650.0% | −812.1% | −8,012.8% | −10,355.6% | −70.2% | −549.4% | −98.9% | 24.2% | −33.1% | −272.2% |
Source: SEC EDGAR XBRL filings (CIK 0001471727). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.