HWNI · High Wire Networks, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.26M | $2.17M | - | $2.05M | $1.94M | $7.65M | - | $6.02M | $5.94M |
| Cost of Revenue | - | $1.60M | $1.41M | - | $1.37M | $1.15M | $4.15M | - | $4.37M | $3.43M |
| Gross Profit | - | $652.0K | $761.6K | - | $678.7K | $791.2K | $3.50M | - | $1.66M | $2.51M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.6K | $985.4K | $880.3K | - | $1.02M | $1.55M | $1.19M | - | $1.34M | $2.22M |
| Total Operating Expenses | $18.7K | $3.65M | $3.59M | - | $4.59M | $4.94M | $7.30M | - | $8.12M | $8.16M |
| D&A | - | $183.2K | $184.2K | - | $186.4K | $233.5K | $188.3K | - | $188.6K | $215.8K |
| Operating Income | ($18.7K) | ($1.39M) | ($1.32M) | - | ($1.57M) | ($3.00M) | $347.7K | - | ($2.55M) | ($2.22M) |
| Interest Expense | $305.7K | $421.5K | $160.6K | - | $50.2K | $402.4K | $243.0K | - | $1.12M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($880.0K) | ($1.90M) | ($2.56M) | - | ($3.55M) | $4.79M | ($414.4K) | - | ($3.55M) | ($4.14M) |
| EPS - Basic | ($0.79) | ($1.83) | ($163750.00) | - | ($625.00) | $1250.00 | $0.00 | - | ($625.00) | ($1250.00) |
| EPS - Diluted | ($0.79) | ($1.83) | ($163750.00) | - | ($625.00) | $1250.00 | $0.00 | - | ($625.00) | ($1250.00) |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $111.9K | $163.9K | $220.8K | $140.7K | $4.19M | $263.6K | $333.4K | $649.0K | $1.20M |
| Accounts Receivable | - | $1.10M | $974.8K | $830.3K | $1.37M | $1.37M | $4.48M | $2.29M | $4.13M | $3.35M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $14.9K | $1.36M | $1.37M | $1.26M | $1.90M | $5.77M | $5.06M | $2.74M | $4.86M | $4.90M |
| Total Assets | $1.23M | $5.46M | $5.68M | $5.79M | $7.84M | $11.93M | $12.95M | $10.83M | $16.11M | $16.04M |
| Current Liabilities | $7.40M | $10.72M | $9.28M | $7.49M | $7.10M | $8.96M | $15.75M | $12.66M | $11.47M | $11.14M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.40M | $10.76M | $9.39M | $7.64M | $7.49M | $9.46M | $15.92M | $13.58M | $12.31M | $11.14M |
| Stockholders' Equity | ($6.17M) | ($5.30M) | ($3.71M) | ($1.85M) | $3.80M | $2.47M | ($2.97M) | ($2.75M) | $3.80M | ($7.98M) |
| Retained Earnings | ($52.27M) | ($51.39M) | ($49.49M) | ($46.93M) | ($44.53M) | ($42.17M) | ($46.96M) | ($46.55M) | ($39.58M) | - |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.21M) | - | - | - | ($1.57M) | - | - | - |
| Investing Cash Flow | - | - | - | - | - | - | ($13.7K) | - | - | - |
| Financing Cash Flow | - | - | $1.16M | - | - | - | $1.51M | - | - | - |
| CapEx | - | - | - | - | - | - | $13.7K | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | ($1.58M) | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 28.9% | 35.1% | - | 33.1% | 40.8% | 45.7% | - | 27.5% | 42.2% |
| Operating margin | - | -61.6% | -60.9% | - | -76.5% | -155.0% | 4.5% | - | -42.4% | -37.4% |
| EBITDA margin | - | -53.4% | -52.4% | - | -67.4% | -143.0% | 7.0% | - | -39.3% | -33.7% |
| Net margin | - | -84.2% | -117.7% | - | -173.1% | 247.0% | -5.4% | - | -59.0% | -69.7% |
| Free cash flow margin | - | - | - | - | - | - | -20.7% | - | - | - |
| FCF / Net income | - | - | - | - | - | - | 3.81 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 43.7% | 40.5% | - | 49.7% | 79.9% | 15.6% | - | 22.3% | 37.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -71.6% | -34.8% | -45.0% | - | -45.3% | 40.1% | -3.2% | - | -22.0% | -25.8% |
| Return on equity | 14.3% | 35.8% | 69.0% | - | -93.4% | 194.1% | 13.9% | - | -93.4% | 51.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.00 | 0.13 | 0.15 | 0.17 | 0.27 | 0.64 | 0.32 | 0.22 | 0.42 | 0.44 |
| Quick ratio | 0.00 | 0.13 | 0.15 | 0.17 | 0.27 | 0.64 | 0.32 | 0.22 | 0.42 | 0.44 |
| Cash ratio | - | 0.01 | 0.02 | 0.03 | 0.02 | 0.47 | 0.02 | 0.03 | 0.06 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.1x | -3.3x | -8.2x | - | -31.3x | -7.5x | 1.4x | - | -2.3x | - |
| Equity multiplier | -0.20 | -1.03 | -1.53 | -3.13 | 2.06 | 4.84 | -4.36 | -3.94 | 4.24 | -2.01 |
| Liabilities / Assets | 6.03 | 1.97 | 1.65 | 1.32 | 0.95 | 0.79 | 1.23 | 1.25 | 0.76 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.41 | 0.38 | - | 0.26 | 0.16 | 0.59 | - | 0.37 | 0.37 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 177d | 164d | - | 244d | 259d | 214d | - | 250d | 206d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | 0.0x | - | - | - | - |
| P / B | - | - | - | - | 776.1x | 1460.4x | - | - | 1532.5x | - |
| P / S | - | 1.1x | 3.9x | - | 1438.4x | 1858.6x | 420.7x | - | 967.8x | 977.7x |
| EV / EBITDA | - | - | - | - | - | - | 6005.1x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 16.5% | -71.6% | - | -65.9% | -67.4% | -24.7% | - | -55.4% | -56.8% |
| Revenue CAGR (3y) | - | -45.2% | -44.5% | - | -43.5% | -37.1% | 23.5% | - | 0.7% | 1.9% |
| Revenue CAGR (5y) | - | -16.6% | -21.2% | - | -22.8% | -25.3% | -7.6% | - | 20.8% | 24.2% |
| Gross profit growth (YoY) | - | -17.6% | -78.2% | - | -59.0% | -68.5% | 144.2% | - | -54.6% | -36.3% |
| Operating income growth (YoY) | 98.8% | 53.8% | - | - | 38.5% | -35.3% | - | - | -63.4% | -79.5% |
| Net income growth (YoY) | 75.2% | - | -516.9% | - | 0.0% | - | -122.6% | - | -28.6% | - |
| EPS growth (YoY) | 99.9% | - | - | - | 0.0% | - | - | - | -208233.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -24.7% | 32.7% | 0.0% | - | 58.3% | 76.5% | -41.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$8.38M totalCybersecurity$4.30M · 51.3%
SVC$4.08M · 48.7%
Geographic
$8.38M totalUS$8.38M · 100.0%
Peer comparison
Same SIC group: Telephone Communications (No Radiotelephone)
Comparing HIGH WIRE NETWORKS against the 5 most active filers in the same SIC group.