# SRX Global Inc. (SRXH) · Edgar & Edgarette company card

> SRX Global (SRXH) saw revenue fall 81.3% in FY2025 to $7 million, operating margin -175% against a 12.2% median for beverages, equity 4.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1471727 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/SRXH) · [JSON](https://www.pops4.com/boards/company/SRXH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $7M |
| Revenue growth, 1 year | -81.3% |
| Revenue growth per year | -40.6% |
| Operating margin | -174.6% (prior year -17.1%) |
| Net margin | -688.8% |
| Operating cash flow | −$8M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $1M |
| Long-term debt | — |
| Total assets | $8M |
| Total equity | $407,000 |
| Equity ÷ assets | 4.8% |
| Return on equity | -11058.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -14.39 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Beneish M: -21.28 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -174.6% in FY2025; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $6.5M (FY2025). Experience: revenue down 81.3% on the year, down 40.6% a year over 4 years; operating margin -174.6%, down from -17.1%. Soundness: equity 4.8% of assets, return on equity -11058.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.6M and $2.9M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, beverages): operating margin -174.6% against a 12.2% median; growth -81.3% against 1.9%.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 4, latest 2026-07-16 ([filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226033473/0001493152-26-033473-index.htm))
- Item 5.02 Director or officer change: 1, latest 2025-11-10 ([filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315225021463/0001493152-25-021463-index.htm))

## Recent filings

- 8-K · filed 2026-10-07 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226046085/0001493152-26-046085-index.htm)
- 8-K · filed 2026-10-06 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226045941/0001493152-26-045941-index.htm)
- 8-K · filed 2026-09-09 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226041945/0001493152-26-041945-index.htm)
- 8-K · filed 2026-09-02 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226041250/0001493152-26-041250-index.htm)
- 8-K · filed 2026-08-28 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226040642/0001493152-26-040642-index.htm)
- 8-K · filed 2026-08-19 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1471727/000149315226039162/0001493152-26-039162-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001471727.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1471727

## Cite

POPS4, Edgar & Edgarette: SRX Global Inc. (SRXH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SRXH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.