Income Statement CapForce Inc.

Stocks

CFOR

US68373L5057

Financial Technology (Fintech)

Market Closed - OTC Markets Other stock markets 12:31:27 2026-06-09 EDT			5-day change	1st Jan Change
2.000 ^USD	+300.00%		+300.00%	-87.42%

06-12	CapForce Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
05-26	CapForce Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: CAPFORCE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.31M	2.61M	3.42M	5.2M	30.2M
Total Revenues	4.31M	2.61M	3.42M	5.2M	30.2M
Cost of Goods Sold, Total	13.76M	11.6M	8.24M	82.03K	3.02M
Gross Profit	-9.45M	-8.99M	-4.82M	5.11M	27.18M
Selling General & Admin Expenses, Total	13.65M	13.23M	10.86M	4.71M	3.15M
R&D Expenses	-	-	-	-	6.58K
Other Operating Expenses, Total	13.65M	13.23M	10.86M	4.71M	3.15M
Operating Income	-23.1M	-22.22M	-15.69M	400K	24.03M
Interest Expense, Total	-4.8M	-3.26M	-1.84M	-7.56K	-11.24K
Interest And Investment Income	45.18K	46.94K	142K	371K	417K
Net Interest Expenses	-4.75M	-3.21M	-1.7M	364K	406K
Currency Exchange Gains (Loss)	891K	380K	-289K	575	103
Other Non Operating Income (Expenses)	-7.89M	114K	65.88K	-909K	-
EBT, Excl. Unusual Items	-34.85M	-24.93M	-17.61M	-144K	24.43M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-6.94M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-12.98M	-75.14K	-
Asset Writedown	-171K	-5.41M	-2.08M	2.08M	-
Other Unusual Items	259K	-	-	10.31M	-
EBT, Incl. Unusual Items	-34.76M	-37.28M	-32.67M	12.17M	24.43M
Income Tax Expense	43.83K	-	-	177K	814K
Earnings From Continuing Operations	-34.81M	-37.28M	-32.67M	11.99M	23.62M
Net Income to Company	-34.81M	-37.28M	-32.67M	11.99M	23.62M
Net Income - (IS)	-34.81M	-37.28M	-32.67M	11.99M	23.62M
Preferred Dividend and Other Adjustments	7.17M	-	-	637K	141K
Net Income to Common Incl Extra Items	-41.97M	-37.28M	-32.67M	11.36M	23.48M
Net Income to Common Excl. Extra Items	-41.97M	-37.28M	-32.67M	11.36M	23.48M
Per Share Items
Net EPS - Basic	-228.89	-152.7	-41.47	2.44	2.33
Basic EPS - Continuing Operations	-228.89	-152.7	-41.47	2.44	2.33
Basic Weighted Average Shares Outstanding	183K	244K	788K	4.66M	10.08M
Net EPS - Diluted	-228.89	-152.7	-41.47	2.3	2.32
Diluted EPS - Continuing Operations	-228.89	-152.7	-41.47	2.3	2.32
Diluted Weighted Average Shares Outstanding	183K	244K	788K	5.22M	10.13M
Normalized Basic EPS	-118.78	-63.83	-13.97	-0.02	1.52
Normalized Diluted EPS	-118.78	-63.83	-13.97	-0.02	1.51
Supplemental Items
EBITDA	-20.39M	-20.58M	-14.37M	575K	24.22M
EBITA	-22.29M	-21.49M	-15.06M	400K	24.03M
EBIT	-23.1M	-22.22M	-15.69M	400K	24.03M
EBITDAR	-19.33M	-19.97M	-13.79M	809K	24.45M
Total Revenues (As Reported)	4.31M	2.61M	3.42M	5.2M	30.2M
Effective Tax Rate - (Ratio)	-0.13	-	-	1.45	3.33
Current Domestic Taxes	43.83K	-	-	26.77K	-
Current Foreign Taxes	-	-	-	150K	814K
Total Current Taxes	43.83K	-	-	177K	814K
Normalized Net Income	-21.78M	-15.58M	-11.01M	-90.17K	15.27M
Interest on Long-Term Debt	4.81M	3.26M	1.84M	7.56K	11.24K
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.71M	4.34M	2.78M	172K	12.42K
General and Administrative Expenses	9.94M	8.88M	8.08M	4.54M	3.13M
Research And Development Expense From Footnotes	12.38M	9.74M	10.71M	48.82K	6.58K
Net Rental Expense, Total	1.06M	605K	582K	234K	234K
Imputed Operating Lease Interest Expense	1.69M	788K	615K	1.88K	10.88K
Imputed Operating Lease Depreciation	-632K	-183K	-32.52K	232K	223K
Stock-Based Comp., COGS (Total)	243K	312K	-11.09K	48.82K	-
Stock-Based Comp., S&M Exp. (Total)	82.4K	142K	-86.8K	4.4K	-
Stock-Based Comp., G&A Exp. (Total)	554K	497K	334K	549K	342K
Total Stock-Based Compensation	879K	951K	236K	602K	342K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	36.08M	7.44M	1.15M	1.31M	531K
Total Cash And Short Term Investments	36.08M	7.44M	1.15M	1.31M	531K
Accounts Receivable, Total	1.17M	514K	103K	29.26K	249K
Other Receivables	-	401K	-	-	-
Notes Receivable	-	-	-	-	-
Total Receivables	1.17M	916K	103K	29.26K	249K
Inventory	1.24M	1.35M	-	-	-
Prepaid Expenses	854K	955K	325K	1.31M	208K
Other Current Assets, Total	396K	-	-	-	-
Total Current Assets	39.74M	10.66M	1.58M	2.65M	988K
Gross Property Plant And Equipment	9.45M	8.98M	1.46M	3.52M	3.48M
Accumulated Depreciation	-3.54M	-4.06M	-1.46M	-1.62M	-1.77M
Net Property Plant And Equipment	5.92M	4.92M	138	1.9M	1.71M
Long-term Investments	-	-	-	5M	35M
Goodwill	7.45M	-	-	-	-
Other Intangibles, Total	14.53M	7.44M	-	-	50K
Deferred Charges Long-Term	-	-	-	6.27K	-
Other Long-Term Assets, Total	4.02M	2.8M	302K	302K	302K
Total Assets	71.67M	25.81M	1.88M	9.86M	38.06M
Liabilities
Accounts Payable, Total	1.31M	421K	111K	245K	1.08M
Accrued Expenses, Total	3.59M	2.62M	263K	125K	3.18M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	14.52M	7.02M	10.87M	-	-
Current Portion of Leases	503K	381K	148K	174K	202K
Unearned Revenue Current, Total	-	142K	25.93K	-	-
Other Current Liabilities	-	-	-	90.28K	87K
Total Current Liabilities	19.92M	10.59M	11.42M	634K	4.55M
Long-Term Debt	7.18M	4.85M	-	-	-
Long-Term Leases	2.98M	2.57M	2.02M	1.85M	1.65M
Other Non Current Liabilities	375K	229K	-	-	-
Total Liabilities	30.45M	18.24M	13.44M	2.48M	6.2M
Preferred Stock Convertible	-	-	2.5K	2	2
Total Preferred Equity	-	-	2.5K	2	2
Common Stock, Total	465K	29K	12.83K	101K	101K
Additional Paid In Capital	276M	281M	294M	301M	302M
Retained Earnings	-236M	-273M	-305M	-294M	-270M
Comprehensive Income and Other	586K	-796K	-75.14K	-	13.74K
Total Common Equity	41.22M	7.58M	-11.56M	7.38M	31.86M
Total Equity	41.22M	7.58M	-11.56M	7.38M	31.86M
Total Liabilities And Equity	71.67M	25.81M	1.88M	9.86M	38.06M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	233K	550K	1.34M	10.07M	12.18M
ECS Total Common Shares Outstanding	232K	290K	1.28M	10.07M	10.15M
Book Value / Share	177.47	26.12	-9.02	0.73	3.14
Tangible Book Value	19.23M	135K	-11.56M	7.38M	31.81M
Tangible Book Value Per Share	82.81	0.46	-9.02	0.73	3.13
Total Debt	25.18M	14.82M	13.04M	2.02M	1.85M
Net Debt	-10.9M	7.38M	11.89M	711K	1.32M
Debt Equivalent Oper. Leases	8.44M	4.84M	4.66M	1.87M	1.87M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	867K	1.01M	-	-	-
Inventories - Work In Process, Total	101K	37.44K	-	-	-
Inventories - Finished Goods, Total	272K	296K	-	-	-
Machinery, Total	5.92M	5.85M	1.07M	1.07M	1.07M
Full Time Employees	91	85	-	1	3
Part Time Employees	8	15	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-34.81M	-37.28M	-32.67M	11.99M	23.62M
Depreciation & Amortization - CF	1.9M	918K	694K	175K	191K
Amortization of Goodwill and Intangible Assets - (CF)	813K	725K	624K	-	-
Depreciation & Amortization, Total	2.71M	1.64M	1.32M	175K	191K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	16K	12.99M	75.14K	-
Asset Writedown & Restructuring Costs	171K	12.35M	2.08M	-2.08M	-
Stock-Based Compensation (CF)	879K	951K	520K	602K	342K
Other Operating Activities, Total	11.61M	3.83M	2.48M	-11.5M	-
Change In Accounts Receivable	-575K	588K	39.12K	74.06K	-220K
Change In Inventories	-2.34M	-729K	748K	54.83K	-
Change In Accounts Payable	-472K	-814K	-24.16K	134K	836K
Change in Unearned Revenues	-9.81K	140K	74.11K	-25.93K	-
Change in Other Net Operating Assets	1.34M	-1.14M	-1.87M	-4.37M	-25.95M
Cash from Operations	-21.48M	-20.45M	-14.32M	-4.87M	-1.18M
Capital Expenditure	-1.98M	-591K	-800K	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	519
Sale (Purchase) of Intangible assets	-	-	-	-	-50K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.98M	-591K	-800K	-	-49.48K
Short Term Debt Issued, Total	-	-	-	301K	284K
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	301K	284K
Short Term Debt Repaid, Total	-	-	-	-211K	-288K
Long-Term Debt Repaid, Total	-708K	-10.81M	-3.92M	-280	-
Total Debt Repaid	-708K	-10.81M	-3.92M	-211K	-288K
Issuance of Common Stock	34.05M	4.07M	12.04M	1.99M	500K
Issuance of Preferred Stock	13.85M	-	250K	2.95M	-
Other Financing Activities, Total	256K	-	-	-	-
Cash from Financing	47.45M	-6.74M	8.37M	5.03M	497K
Foreign Exchange Rate Adjustments	-1.46M	-920K	265K	-	-42.99K
Net Change in Cash	22.52M	-28.7M	-6.48M	159K	-779K
Supplemental Items
Cash Interest Paid	895K	1.08M	1.42M	7.56K	11.24K
Levered Free Cash Flow	-16.51M	-15.18M	-10.2M	172K	20.27M
Unlevered Free Cash Flow	-13.51M	-13.15M	-9.05M	177K	20.27M
Change In Net Working Capital	682K	1.26M	-819	850K	-4.77M
Net Debt Issued / Repaid	-708K	-10.81M	-3.92M	90K	-3.28K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-23.78	-28.49	-70.81	4.26	62.68
Return on Total Capital	-26.15	-31.28	-82.12	4.59	69.68
Return On Equity %	-111.54	-152.82	1.64K	-573.69	120.4
Return on Common Equity	-134.51	-152.82	1.64K	-542.9	119.68
Margin Analysis
Gross Profit Margin %	-219.53	-344.81	-141.11	98.42	90
SG&A Margin	316.98	507.37	317.84	90.73	10.42
EBITDA Margin %	-473.48	-789.17	-420.38	11.06	80.2
EBITA Margin %	-517.63	-824.37	-440.69	7.7	79.56
EBIT Margin %	-536.51	-852.18	-458.95	7.7	79.56
Income From Continuing Operations Margin %	-808.3	-1.43K	-955.69	230.8	78.21
Net Income Margin %	-808.3	-1.43K	-955.69	230.8	78.21
Net Avail. For Common Margin %	-974.74	-1.43K	-955.69	218.55	77.74
Normalized Net Income Margin	-505.84	-597.72	-321.95	-1.74	50.57
Levered Free Cash Flow Margin	-383.46	-582.23	-298.38	3.31	67.11
Unlevered Free Cash Flow Margin	-313.8	-504.17	-264.76	3.4	67.13
Asset Turnover
Asset Turnover	0.07	0.05	0.25	0.88	1.26
Fixed Assets Turnover	0.74	0.48	1.39	5.46	16.69
Receivables Turnover (Average Receivables)	4.72	3.09	11.07	78.39	217.24
Inventory Turnover (Average Inventory)	10.1	8.97	-	-	-
Short Term Liquidity
Current Ratio	2	1.01	0.14	4.18	0.22
Quick Ratio	1.87	0.79	0.11	2.11	0.17
Operating Cash Flow to Current Liabilities	-1.08	-1.93	-1.25	-7.68	-0.26
Days Sales Outstanding (Average Receivables)	77.37	118.07	32.98	4.67	1.68
Days Outstanding Inventory (Average Inventory)	36.15	40.67	-	-	-
Average Days Payable Outstanding	42.89	26.95	-	794.95	80.2
Cash Conversion Cycle (Average Days)	70.63	131.79	-	-	-
Long Term Solvency
Total Debt/Equity	61.09	195.66	-112.82	27.39	5.8
Total Debt / Total Capital	37.92	66.18	880.07	21.5	5.48
LT Debt/Equity	24.64	97.91	-17.49	25.04	5.16
Long-Term Debt / Total Capital	15.3	33.12	136.4	19.65	4.88
Total Liabilities / Total Assets	42.49	70.65	714.23	25.17	16.29
EBIT / Interest Expense	-4.81	-6.82	-8.53	52.93	2.14K
EBITDA / Interest Expense	-4.03	-6.13	-7.5	107.03	2.17K
(EBITDA - Capex) / Interest Expense	-4.44	-6.31	-7.93	107.03	2.17K
Total Debt / EBITDA	-1.3	-0.74	-0.95	2.5	0.08
Net Debt / EBITDA	0.56	-0.37	-0.86	0.88	0.05
Total Debt / (EBITDA - Capex)	-1.18	-0.72	-0.89	2.5	0.08
Net Debt / (EBITDA - Capex)	0.51	-0.36	-0.82	0.88	0.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.17	-39.45	31.11	52.01	481.2
Gross Profit, 1 Yr. Growth %	-1.52	-4.9	-46.35	-206.02	431.47
EBITDA, 1 Yr. Growth %	6.41	0.92	-30.16	-104	4.11K
EBITA, 1 Yr. Growth %	7.05	-3.57	-29.91	-102.65	5.91K
EBIT, 1 Yr. Growth %	7.48	-3.82	-29.39	-102.55	5.91K
Earnings From Cont. Operations, 1 Yr. Growth %	32.79	7.12	-12.38	-136.71	96.95
Net Income, 1 Yr. Growth %	32.79	7.12	-12.38	-136.71	96.95
Normalized Net Income, 1 Yr. Growth %	35.4	-28.45	-29.38	-99.18	-17.04K
Diluted EPS Before Extra, 1 Yr. Growth %	-31.01	-33.29	-72.84	-105.54	0.9
Accounts Receivable, 1 Yr. Growth %	79.51	-56.13	-79.91	-71.68	750.27
Inventory, 1 Yr. Growth %	-16.59	8.53	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	2.16	-16.84	-100	1.38M	-9.99
Total Assets, 1 Yr. Growth %	44.05	-63.98	-92.71	423.98	285.85
Tangible Book Value, 1 Yr. Growth %	-663.31	-99.3	-8.69K	-163.82	330.95
Common Equity, 1 Yr. Growth %	94.5	-81.62	-252.65	-163.82	331.63
Cash From Operations, 1 Yr. Growth %	-8.19	-4.79	-29.98	-65.99	-75.69
Capital Expenditures, 1 Yr. Growth %	1.42K	-70.22	35.49	-	-
Levered Free Cash Flow, 1 Yr. Growth %	62.96	-8.07	-32.81	-101.74	11.67K
Unlevered Free Cash Flow, 1 Yr. Growth %	68.74	-2.72	-31.15	-102.02	11.36K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.94	-21.35	-10.9	41.17	197.23
Gross Profit, 2 Yr. CAGR %	70.44	-3.22	-28.57	-24.58	137.38
EBITDA, 2 Yr. CAGR %	42.43	3.63	-16.05	-83.29	29.82
EBITA, 2 Yr. CAGR %	44.3	1.6	-17.79	-86.36	26.29
EBIT, 2 Yr. CAGR %	45.11	1.67	-17.59	-86.59	23.76
Earnings From Cont. Operations, 2 Yr. CAGR %	67.23	19.27	-3.12	-43.28	-14.97
Net Income, 2 Yr. CAGR %	67.23	19.27	-3.12	-43.28	-14.97
Normalized Net Income, 2 Yr. CAGR %	76.82	-1.58	-28.92	-92.39	17.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-32.16	-57.44	-87.73	-76.36
Accounts Receivable, 2 Yr. CAGR %	43.69	-11.25	-70.31	-76.15	55.17
Inventory, 2 Yr. CAGR %	61.87	-4.86	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	66.55	-7.83	-99.52	-37.78	11.05K
Total Assets, 2 Yr. CAGR %	162.23	-27.97	-83.79	-38.19	349.64
Tangible Book Value, 2 Yr. CAGR %	158.65	-80.15	-22.46	640.57	65.85
Common Equity, 2 Yr. CAGR %	209.84	-40.21	-47.03	-1.29	65.98
Cash From Operations, 2 Yr. CAGR %	36.63	-6.51	-18.35	-51.2	-71.25
Capital Expenditures, 2 Yr. CAGR %	689.47	112.89	-36.48	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	34.89	22.4	-21.41	-89.35	42.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	22.82	28.12	-18.16	-88.4	52.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	13.48	-9.34	-6.74	6.46	126.26
Gross Profit, 3 Yr. CAGR %	27.33	40.31	-20.5	-18.52	44.6
EBITDA, 3 Yr. CAGR %	17.87	26.98	-9.14	-69.57	5.58
EBITA, 3 Yr. CAGR %	19.96	26.16	-10.23	-73.82	3.79
EBIT, 3 Yr. CAGR %	20.57	26.52	-9.96	-74.13	2.64
Earnings From Cont. Operations, 3 Yr. CAGR %	37.57	44.15	7.62	-29.89	-14.11
Net Income, 3 Yr. CAGR %	37.57	44.15	7.62	-29.89	-14.11
Normalized Net Income, 3 Yr. CAGR %	37.63	30.78	-11.89	-83.94	-0.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-50	-78.43	-75.24
Accounts Receivable, 3 Yr. CAGR %	46.37	-3.24	-45.92	-70.78	-21.51
Inventory, 3 Yr. CAGR %	31.61	41.67	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	69.18	32.13	-97.16	-31.46	-29.63
Total Assets, 3 Yr. CAGR %	100.06	35.3	-66.43	-48.37	13.81
Tangible Book Value, 3 Yr. CAGR %	128.01	-63.96	50.17	-27.33	518.28
Common Equity, 3 Yr. CAGR %	131.81	20.84	-18.28	-43.64	61.41
Cash From Operations, 3 Yr. CAGR %	24.71	21.13	-15.1	-39.02	-61.32
Capital Expenditures, 3 Yr. CAGR %	137.66	164.78	83.12	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	36.39	18.71	0.22	-78.15	10.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.36	13.64	4.16	-76.43	15.54
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.36	-4.08	3.02	8.23	48.27
Gross Profit, 5 Yr. CAGR %	6.57	9.14	1.04	9.46	23.14
EBITDA, 5 Yr. CAGR %	2.13	7.11	2.91	-43.58	4.8
EBITA, 5 Yr. CAGR %	3.53	7.46	3.13	-48.18	2.91
EBIT, 5 Yr. CAGR %	3.98	7.8	3.55	-48.44	2.25
Earnings From Cont. Operations, 5 Yr. CAGR %	12.67	19.31	19.57	-0.74	-2.06
Net Income, 5 Yr. CAGR %	12.67	19.31	19.57	-0.74	-2.06
Normalized Net Income, 5 Yr. CAGR %	12.7	10.09	5.66	-58.08	-1.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-62.94
Accounts Receivable, 5 Yr. CAGR %	16.67	-8.67	-22.68	-44.74	-17.56
Inventory, 5 Yr. CAGR %	12.35	20.32	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	49.18	42.56	-83.79	-2.24	-21.61
Total Assets, 5 Yr. CAGR %	51.48	31.28	-26.79	-1.1	-5.22
Tangible Book Value, 5 Yr. CAGR %	82.67	-24.62	48.11	20.75	56.26
Common Equity, 5 Yr. CAGR %	67.06	40.15	28.44	11.44	8.49
Cash From Operations, 5 Yr. CAGR %	4.48	7.41	5.27	-15.8	-44.94
Capital Expenditures, 5 Yr. CAGR %	74.24	16.36	40.2	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	9.98	11.45	9.4	-54.75	14.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.85	8.44	7.21	-54.39	20.41