HiTek Global Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 6.536M, using the latest reported figures. The previous period, 2024, was about USD 2.905M.

Watchlist

Latest fiscal year

Revenue

6.54 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-27.41%

2025 · %

Exact inputs and evidence
  • Operating Income: -1791419 USD Source
  • Revenue: 6536184 USD Source

Operating cash flow

-1.54 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -1535849 USD Source

Free cash flow

-248 thousand USD

2023 · USD

Exact inputs and evidence
  • Operating Cash Flow: -61912 USD Source
  • Capital Expenditure: 186499 USD Source
Cash and cash equivalents
3.61 million USD Source
Exact value

3611999 USD

Long-term debt including current maturities
Not available
Shares outstanding
14.4 million shares Source
Exact value

14392364 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 14392364 shares · 2023-12-31· Source
  • 14392364 shares · 2024-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 1 of 11 periods available· newest 2023-12-31
  • Total assets: 8 of 11 periods available· newest 2025-12-31
  • Total liabilities: 8 of 11 periods available· newest 2025-12-31
  • Current assets: 8 of 11 periods available· newest 2025-12-31
  • Current liabilities: 8 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 4 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +125%

    Prior period

    USD 2.9 million

    –

    Current period

    USD 6.54 million

    –

    Exact inputs and evidence

    6536184 − 2904950 = 3631234 USD

    2904950 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    6536184 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 1.08 million

    Prior period

    −USD 896,690

    –

    Current period

    USD 180,142

    –

    Exact inputs and evidence

    180142 − -896690 = 1076832 USD

    -896690 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    180142 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 847,311

    Prior period

    −USD 688,538

    –

    Current period

    −USD 1.54 million

    –

    Exact inputs and evidence

    -1535849 − -688538 = -847311 USD

    -688538 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -1535849 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 6.54 million 100% of revenue
  • Cost of revenue USD 5.85 million 89% of revenue
  • Operating expenses USD 2.48 million 38% of revenue
  • Operating income −USD 1.79 million −27% of revenue
  • Tax, interest and other Derived −USD 1.97 million −30% of revenue
  • Net income USD 180,142 2.8% of revenue

Cash

  • Operating cash flow −USD 1.54 million −23% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2018 32%59%
  • 2019 29%68%
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 22%75%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Operating loss: operating costs were 160% of revenue.
  • 2025 Operating loss: operating costs were 127% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2018 2018-01-01 – 2018-12-316915778 4111055 Derived 2804723 585108 Derived 2219615 Unavailable
Source
2019 2019-01-01 – 2019-12-316933952 4741902 Derived 2192050 173056 Derived 2018994 Unavailable
Source
2020 2020-01-01 – 2020-12-31-5804727 -7558503 Derived 1753776 64917 Derived 1688859 Unavailable
Source
2021 2021-01-01 – 2021-12-31-6473638 -8577172 Derived 2103534 434177 Derived 1669357 Unavailable
Source
2022 2022-01-01 – 2022-12-316428608 4801398 Derived 1627210 211465 Derived 1415745 Unavailable
Source
2023 2023-01-01 – 2023-12-314563731 4462670 Derived 101061 -946580 Derived 1047641 -248411 Derived
Source
2024 2024-01-01 – 2024-12-312904950 4652094 Derived -1747144 -850454 Derived -896690 Unavailable
Source
2025 2025-01-01 – 2025-12-316536184 8327603 Derived -1791419 -1971561 Derived 180142 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 6.5M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.0M4.1M230.2K-3.7M-7.5M201820222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Revenue6915778
2019Revenue6933952
2020Revenue-5804727
2021Revenue-6473638
2022Revenue6428608
2023Revenue4563731
2024Revenue2904950
2025Revenue6536184

Revenue growth

Change in revenue from the same financial period one year earlier.

125% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.151%57%-37%-131%-225%201820222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2018Year over yearNo prior comparable period
2019Year over year0.3%
2020Year over year-183.7%
2021Year over year11.5%
2022Year over year-199.3%
2023Year over year-29%
2024Year over year-36.3%
2025Year over year125%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -27.4% 2025
Net margin 2.8% 2025
Free cash flow margin -5.4% 2023
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.49%19%-10%-39%-68%201820222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2018Operating margin40.6%
2019Operating margin31.6%
2020Operating margin-30.2%
2021Operating margin-32.5%
2022Operating margin25.3%
2023Operating margin2.2%
2024Operating margin-60.1%
2025Operating margin-27.4%
2018Net margin32.1%
2019Net margin29.1%
2020Net margin-29.1%
2021Net margin-25.8%
2022Net margin22%
2023Net margin23%
2024Net margin-30.9%
2025Net margin2.8%
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow margin-5.4%
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD -1.5M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.3M2.7M1.1M-410.3K-2.0M201820222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Operating cash flow321379
2019Operating cash flow43266
2020Operating cash flow1932850
2021Operating cash flow-214575
2022Operating cash flow3824050
2023Operating cash flow-61912
2024Operating cash flow-688538
2025Operating cash flow-1535849

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -248.4K 2023
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.9K-52.2K-124.2K-196.2K-268.3K201820222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flow-248411
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

15.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.1%29.3%19.6%9.8%0.0%201820222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2018Liabilities / assets23.7%
2019Liabilities / assets22%
2020Liabilities / assets22.5%
2021Liabilities / assets23.4%
2022Liabilities / assets36.2%
2023Liabilities / assets20%
2024Liabilities / assets15.1%
2025Liabilities / assets15.4%

Current assets to current liabilities

Current assets divided by current liabilities.

8.23× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14.13×10.60×7.06×3.53×0.00×201820222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2018Current assets / current liabilities2.99×
2019Current assets / current liabilities4.08×
2020Current assets / current liabilities4.53×
2021Current assets / current liabilities4.65×
2022Current assets / current liabilities2.66×
2023Current assets / current liabilities7.35×
2024Current assets / current liabilities13.08×
2025Current assets / current liabilities8.23×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2018-01-01 – 2018-12-31
USD 2.22 million
Exact value

Exact value: 2219615 USD

2018-01-01 – 2018-12-31: 2219615 USD Inspect Net Income Open source
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USD 321,379
Exact value

Exact value: 321379 USD

2018-01-01 – 2018-12-31: 321379 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 2.02 million
Exact value

Exact value: 2018994 USD

2019-01-01 – 2019-12-31: 2018994 USD Inspect Net Income Open source
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USD 43,266
Exact value

Exact value: 43266 USD

2019-01-01 – 2019-12-31: 43266 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 1.69 million
Exact value

Exact value: 1688859 USD

2020-01-01 – 2020-12-31: 1688859 USD Inspect Net Income Open source
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USD 1.93 million
Exact value

Exact value: 1932850 USD

2020-01-01 – 2020-12-31: 1932850 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 1.67 million
Exact value

Exact value: 1669357 USD

2021-01-01 – 2021-12-31: 1669357 USD Inspect Net Income Open source
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−USD 214,575
Exact value

Exact value: -214575 USD

2021-01-01 – 2021-12-31: -214575 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 1.42 million
Exact value

Exact value: 1415745 USD

2022-01-01 – 2022-12-31: 1415745 USD Inspect Net Income Open source
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USD 3.82 million
Exact value

Exact value: 3824050 USD

2022-01-01 – 2022-12-31: 3824050 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 1.05 million
Exact value

Exact value: 1047641 USD

2023-01-01 – 2023-12-31: 1047641 USD Inspect Net Income Open source
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−USD 61,912
Exact value

Exact value: -61912 USD

2023-01-01 – 2023-12-31: -61912 USD Inspect Operating Cash Flow Open source
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USD 186,499
Exact value

Exact value: 186499 USD

2023-01-01 – 2023-12-31: 186499 USD Inspect Capital Expenditure Open source
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−USD 248,411
Calculation and evidence

-61912 − 186499 USD

Exact free cash flow: -248411 USD

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2024 2024-01-01 – 2024-12-31
−USD 896,690
Exact value

Exact value: -896690 USD

2024-01-01 – 2024-12-31: -896690 USD Inspect Net Income Open source
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−USD 688,538
Exact value

Exact value: -688538 USD

2024-01-01 – 2024-12-31: -688538 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 180,142
Exact value

Exact value: 180142 USD

2025-01-01 – 2025-12-31: 180142 USD Inspect Net Income Open source
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−USD 1.54 million
Exact value

Exact value: -1535849 USD

2025-01-01 – 2025-12-31: -1535849 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

42 filings · 690 latest values · 690 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001742341, 1742341, HKIT, edgar:1742341

Also known as Biddance AI Systems, Inc., HITEK GLOBAL INC., HiTek Global Inc.