S
SRX Global Inc.
Period
FY 2025
Revenue
$6.53M
Net Income
$-45.01M
Total Assets
$8.40M
Equity
$407.0K
Shares Out
590.25M
Op. Cash Flow
$-8.14M
Business
SRx Health Solutions Inc. is a pet health and wellness company that manufactures and sells premium pet food, treats, supplements, and related products under the Halo brand for dogs and cats. The company offers over 100 products in forms including kibble, canned food, freeze-dried raw food, treats, and supplements, formulated to meet high nutritional and sourcing standards. Products are distributed primarily through e-commerce platforms (Amazon, Chewy, Petflow, Thrive Market, Vitacost), brick-and-mortar specialty retailers and select grocery chains, and international distributors. The company partners with co-manufacturers for production and third-party logistics providers for warehousing and fulfillment.
Summary from 10-K filed 2025-12-05
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 7 | 35 | — | 39 | 55 | |
| Cost of goods sold | 5 | 22 | — | 27 | 39 | |
| Gross profit | 2 | 13 | — | 12 | 15 | |
| Selling, general and administrative | 13 | 19 | — | 24 | 35 | |
| Total operating expenses | 13 | 19 | — | 33 | 54 | |
| Loss from continuing operations | −11 | −6 | — | −21 | −39 | |
| Interest expense | −628,000 | −467,000 | — | −1 | −551,000 | |
| Loss on extinguishment of debt | −716,000 | 6 | — | — | 0 | |
| Bargain purchase gain | 4 | — | — | — | — | |
| Total other income | 3 | 6 | — | −2 | −551,000 | |
| Net loss before income taxes | −9 | −159,000 | — | −23 | −39 | |
| Income tax expense | — | −9,000 | — | −2,000 | −18,000 | |
| Net loss from continuing operations | −9 | — | — | — | — | |
| Loss from discontinued operations | −36 | — | −43 | — | — | |
| Total loss | −45 | −168,000 | −43 | −23 | — | |
| Reclassification of AOCI related to discontinued operations | −2 | — | — | — | — | |
| Foreign currency translation related to discontinued operations | — | — | 14 | — | — | |
| Total comprehensive loss | −47 | — | −29 | — | — | |
| Weighted average number of shares outstanding, basic | 21 | 2 | 22 | 705,185 | 667,114 | |
| Weighted average number of shares outstanding, diluted | 21 | 2 | 22 | 705,185 | 667,114 | |
| Loss per share, basic | −2.13 | −0.1 | −1.95 | −32.29 | −58.93 | |
| Loss per share, diluted | −2.13 | −0.1 | −1.95 | −32.29 | −58.93 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 3 | 106,000 | 4 | — | |
| Accounts receivable, net | 4 | 5 | 9 | 4 | — | |
| Inventories, net | 2 | 4 | 3 | 7 | — | |
| Prepaid expenses and other current assets | 794,000 | 484,000 | 496,000 | 812,000 | — | |
| Current portion of lease receivable | — | — | 21,000 | — | — | |
| Total Current Assets | 8 | 15 | 14 | 16 | — | |
| Fixed assets, net | 88,000 | 138,000 | 6 | 230,000 | — | |
| Right-of-use assets, operating leases | 20,000 | 64,000 | 6 | 120,000 | — | |
| Lease receivable, long-term | — | — | 456,000 | — | — | |
| Intangible assets | — | — | 7 | — | — | |
| Deferred tax assets | — | — | 150,000 | — | — | |
| Other assets | 168,000 | 193,000 | — | 155,000 | — | |
| Total Assets | 8 | 16 | 34 | 17 | — | |
| Accounts payable | 2 | 3 | 40 | 7 | — | |
| Accrued liabilities | 1 | — | 2 | — | — | |
| Current portion of long-term borrowings | — | — | 32 | — | — | |
| Convertible debt, short-term | — | — | 2 | — | — | |
| Operating lease liability, short-term | 21,000 | 62,000 | 1 | 57,000 | — | |
| Income tax payable | — | — | 300,000 | — | — | |
| Deferred revenue | — | — | 29,000 | — | — | |
| Short-term borrowings | — | — | 4 | — | — | |
| Total Current Liabilities | 4 | 7 | 81 | 14 | — | |
| Long-term borrowings | — | — | 696,000 | — | — | |
| Operating lease liability, long-term | — | 5,000 | 6 | 67,000 | — | |
| Convertible debt, long-term | 4 | — | — | — | — | |
| Deferred tax liability | — | — | 1 | — | — | |
| Total Non-current Liabilities | 4 | 5,000 | 8 | 67,000 | — | |
| Total Liabilities | 8 | 7 | 89 | 14 | — | |
| Common Stock, $0.001 par value, 200,000,000 shares authorized, 24,915,740 & 22,495,955 shares issued and outstanding as of September 30, 2025 and 2024, respectively | 31,000 | 2,000 | 22,000 | 32,000 | — | |
| Additional paid-in capital | 23 | 330 | 12 | 324 | — | |
| Accumulated deficit | −23 | −322 | −70 | −321 | — | |
| Accumulated other comprehensive income | — | — | 2 | — | — | |
| Total Stockholders Equity | 407,000 | 9 | −55 | 3 | −34 | |
| Total Liabilities and Stockholders Equity | 8 | 16 | 34 | 17 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −9 | — | −43 | — | — | |
| Income tax payable | — | — | −170,000 | — | — | |
| Depreciation and amortization | 31,000 | 130,000 | 4 | 2 | 2 | |
| Interest expense on lease liability | — | — | 464,000 | — | — | |
| Impairment of goodwill | — | — | 20 | — | — | |
| Impairment of intangibles | — | — | 2 | — | — | |
| Deferred tax expense | — | 9,000 | −951,000 | −2,000 | — | |
| Share-based compensation | 3 | 833,000 | 4 | 2 | 3 | |
| Debt discount amortization | 287,000 | — | — | — | — | |
| Loss on sale of cryptocurrency assets | 35,000 | — | — | — | — | |
| Other | — | 60,000 | — | −7,000 | 126,000 | |
| Accounts receivable | 5 | −1 | −409,000 | 2 | −66,000 | |
| Inventories | 496,000 | 3 | 3 | 4 | −7 | |
| Prepaid expenses and other assets | −829,000 | 291,000 | 414,000 | 628,000 | −1 | |
| Accounts payable | −6 | −1 | 10 | 4 | −761,000 | |
| Accrued and other liabilities | 1 | −304,000 | 9,000 | −760,000 | 99,000 | |
| Cash Used in Operating Activities | −8 | −4 | −1 | 97,000 | −21 | |
| Capital expenditures, net of disposals | — | — | 1 | — | — | |
| Purchase of cryptocurrency | −2 | — | — | — | — | |
| Proceeds from sale of cryptocurrency | 2 | — | — | — | — | |
| Cash acquired in business combination | 6 | — | — | — | — | |
| Cash paid for acquisitions, net of assets acquired | — | — | −2 | — | — | |
| Cash Provided by (Used in) Investing Activities | 6 | −2 | −1 | −18,000 | −198,000 | |
| Proceeds from long-term borrowings | — | — | 4 | 2 | 12 | |
| Repayment of long-term borrowings | — | — | −3 | −14 | −6 | |
| Payment of principal portion of lease liabilities | — | — | −3 | — | — | |
| Proceeds from share issuance | — | — | 919,000 | — | — | |
| Proceeds from short-term borrowings | — | — | 3 | — | 413,000 | |
| Increase in balance due to related parties | — | — | −662,000 | — | — | |
| Proceeds from Wintrust facility | 859,000 | 12 | — | 8 | — | |
| Payments on Wintrust facility | −2 | −12 | — | −6 | — | |
| Proceeds from short-term borrowings | 800,000 | — | — | 8 | — | |
| Repayment on short-term borrowings | −800,000 | — | — | — | −6 | |
| Proceeds from issuance of convertible debt | 6 | — | — | — | — | |
| Repayment of convertible debt | −2 | — | — | — | — | |
| Cash paid for financing costs | −154,000 | — | — | — | — | |
| Proceeds from PIPE | 9 | — | — | — | — | |
| Payments for share repurchase | −137,000 | −206,000 | — | — | — | |
| Cash Provided by Financing Activities | 12 | 5 | 932,000 | −5 | 1 | |
| Net cash provided by (used in) continuing operations | 10 | — | −2 | — | — | |
| Net cash used in discontinued operations | −9 | — | — | — | — | |
| Net increase (decrease) in cash | 1 | −1 | −2 | −5 | −19 | |
| Effect of foreign currency translation adjustments | −207,000 | — | −341,000 | — | — | |
| Cash paid for interest during the period | −329,000 | 245,000 | −3 | 543,000 | 444,000 |
Filings
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Frequently asked questions
What is SRX Global Inc.'s CIK number?
SRX Global Inc.'s SEC CIK number is 0001471727 (1471727). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SRX Global Inc.'s SEC filings?
All of SRX Global Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.