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MARKETS / NASDAQ / DRK
NASDAQ · FINANCE SERVICES · SMALL CAP

DarkHorse Technologies Inc. DRK

12 fiscal years on record · USD · FY2025 reported · SEC filings only
$11.2M
▼ 32.7% YoY
$-21.5M
$-23.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth
USD 11.2M
Revenue, FY2025 · full 12-year series below
Revenue $M Net income $M
FY2025 · Revenue 11.2 · Net income -21.5
40M-80M-160M2014201620182020202220242025
Compound annual growth
+22.5%
+18.2%
−17.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−192 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -196.8% · Net -192.1%
-1000%-2000%2014201620182020202220242025
ROE
FY2025 · ROE -68.6%
-500%-1000%2014201620182020202220242025
Three returns, three denominators.

Each USD of equity lost 69 cents this year.

Cash & shareholders
·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -23.6
-50M-100M2014201620182020202220242025

Total assetsUSD 25.1M
EquityUSD 23.3M
CashUSD 3.7M
Current ratio4.82×

Equity funds 93% of total assets.

The 12-year record
12 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014
Revenue $B0.00.00.00.00.00.00.00.00.00.10.10.0
Operating income $B−0.0−0.0−0.0−0.2−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0
Income tax $B0.00.00.00.0−0.00.00.00.0−0.00.0−0.00.0
Net income $B−0.0−0.0−0.0−0.2−0.0−0.0−0.0−0.0−0.0−0.1−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−7.37−4.78−1.93−20.36−0.58−0.98−1.59−15.80−42.08−34.42−1.24−0.53
Dividend / sh $············
Payout %············
ROE %−68.6−28.8−76.0−147.1−14.9−185.0·−1079.4−169.4−154.6−61.6−14.9
Shares out B0.000.030.020.070.060.010.000.000.010.070.050.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 4 divergences in 56 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 4 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 14 checks were skipped: the balance sheet is not tagged before 2014. Seven checks were skipped: EPS is not tagged before 2014. Seven checks were skipped: revenue is not tagged before 2014.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures4 divergent
ActivityFinance Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code A1
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2014

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