Hub Cyber Security Ltd. key statistics and ratios

In fiscal 2025, Hub Cyber Security Ltd. had an operating margin of -222.0% and a current ratio of 0.12. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hub Cyber Security Ltd.: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	100.0%	16.3%	8.2%	1.8%	17.1%	16.7%
Operating margin	<−999%	−43.9%	−160.9%	−182.2%	−88.7%	−222.0%
Net margin	<−999%	−44.1%	−163.2%	−205.0%	−134.5%	−378.3%
Free-cash-flow margin	<−999%	−19.4%	−48.1%	−38.7%	−58.2%	−99.3%
Return on equity	—	−39.8%	—	—	—	—
Return on assets	—	−10.8%	−83.5%	−162.9%	−132.5%	−489.8%
Asset turnover	—	0.24	0.51	0.79	0.99	1.29
Current ratio	—	1.31	0.57	0.25	0.17	0.12
Debt to equity	0.0%	19.1%	209.4%	—	—	—
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	>999%	19.6%	11.1%	13.8%	6.8%	8.7%
Capital spending as % of revenue	52.6%	1.5%	1.2%	0.7%	0.3%	0.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 2 checks passed · December 31, 2025

What it owns · $21m

Short-term assets $16mLonger-term assets $5m

What it owes, and who funded it · $136m

Short-term liabilities $136mShareholders' equity $-116m

Short-term assets cover short-term liabilities $16m of assets due within a year against $136m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$70m against $103,000 of interest.

From Hub Cyber Security Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Hub Cyber Security Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hub Cyber Security Ltd.