GPUS Hyperscale Data, Inc.

Overview and Growth

Hyperscale Data, Inc. generated $102.11M of revenue in fiscal 2025, with net loss of $66.40M and an operating cash outflow of $62.52M. The $102.11M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $106.66M in fiscal 2024, revenue decreased 4.3%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$0.83, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $313.71M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.33x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $21.57M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 21.1% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $62.27M, reflecting costs that exceeded gross profit. An operating margin of -61.0% reflected costs exceeding revenue-level gross profit by 61.0% of sales. The company ended the period with a net loss of $66.40M, extending the operating result through all remaining items. Net margin was -65.0%, reflecting a loss equal to 65.0% of reported revenue. The company reported a pretax loss of $65.29M, before the effect of income taxes. Pretax margin was -63.9%, reflecting a pre-tax loss equal to 63.9% of revenue. Income tax expense totaled $253.00K, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 52.8% of period-end equity, showing the deficit relative to book capital. The net loss equaled 21.2% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $66.40M from $56.20M in fiscal 2024.

Liquidity and Capital Structure

At period end, the $313.71M asset base was financed through $187.85M of liabilities and $125.86M of equity. Current assets were $129.70M against $170.37M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.76x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $13.08M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 7.7%, excluding receivables and other current assets. Borrowings totaled $83.12M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.66x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 26.5%, comparing borrowing with the total asset balance. Liabilities represented 59.9% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 4.2%, comparing reported cash and equivalents with the full positive asset balance. Compared with $220.77M in fiscal 2024, the current asset base moved 42.1% and finished higher. The reported cash balance changed 187.6% from $4.55M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $62.52M of cash, resulting in an operating cash outflow for the year. Capital spending of $24.54M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $87.06M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 85.3% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 27.8% of total assets, placing the cash shortfall against the company’s resource base.

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