Is Helium Evolution Incorporated (HEVI.V) a Buy, Sell, or Hold?
TSXV : HEVI.V
Helium Evolution Incorporated
$0.175 CAD
-$0.01 (-2.78%)
- Volume
- 2.67K
- Average Volume
- 108.69K
- Market Capitalization
- $17.52M
- P/E Ratio
- -6.89
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $0.35
- Year Low
- $0.11
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $3.60
HEVI.V Financial
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| revenue | 172K | - | - | - | - | - |
| costOfRevenue | 2.45M | 27000 | 45000 | 51000 | 10000 | - |
| grossProfit | -2.28M | -27000 | -45000 | -51000 | -10000 | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 1.29M | 850K | 1.08M | 1.74M | 169.38K | 140.49K |
| sellingAndMarketingExpenses | - | 704K | 2.1M | 4.48M | 1.23M | - |
| sellingGeneralAndAdministrativeExpenses | 1.29M | 1.55M | 3.18M | 6.22M | 1.4M | 140.49K |
| otherExpenses | - | 35000 | - | - | - | - |
| operatingExpenses | 1.29M | 1.59M | 3.18M | 6.22M | 1.4M | 140.49K |
| costAndExpenses | 3.74M | 1.62M | 3.18M | 6.22M | 1.4M | 140.49K |
| netInterestIncome | -1000 | 225K | 389K | 155K | -7897 | -25885 |
| interestIncome | - | 225K | - | - | - | 712 |
| interestExpense | 1000 | - | - | - | 7897 | 26597 |
| depreciationAndAmortization | 63000 | 22000 | 45000 | 51000 | 10000 | 184.2K |
| ebitda | -3.5M | -1.55M | -3.18M | -6.22M | -1.4M | -139.78K |
| ebit | -3.56M | -1.58M | -3.22M | -6.27M | -1.41M | -323.98K |
| nonOperatingIncomeExcludingInterest | - | -225K | 45000 | 51000 | 10000 | 184.2K |
| operatingIncome | -3.56M | -1.62M | -3.18M | -6.22M | -1.4M | -139.78K |
| totalOtherIncomeExpensesNet | -166K | 225K | 223K | -1.14M | -11000 | -31097 |
| incomeBeforeTax | -3.73M | -1.39M | -2.95M | -7.36M | -1.41M | -170.87K |
| incomeTaxExpense | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | -3.73M | -1.39M | -2.95M | -7.36M | -1.41M | -170.87K |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - |
| netIncome | -3.73M | -1.39M | -2.95M | -7.36M | -1.41M | -170.87K |
| netIncomeDeductions | - | - | - | - | - | - |
| bottomLineNetIncome | -3.73M | -1.39M | -2.95M | -7.36M | -1.41M | -170.87K |
| eps | -0.03 | -0.01 | -0.03 | -0.09 | -0.06 | -0.01 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 2.76M | 3.83M | 6.33M | 9.13M | 229 | 830 |
| shortTermInvestments | 4.13M | - | - | - | 170.77K | - |
| cashAndShortTermInvestments | 6.89M | 3.83M | 6.33M | 9.13M | 171K | 830 |
| netReceivables | 136K | 57000 | 76000 | 263K | 46000 | 11317 |
| accountsReceivables | 136K | 57000 | 76000 | 263K | 46000 | 11317 |
| otherReceivables | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - |
| prepaids | - | 34000 | - | - | 507K | - |
| otherCurrentAssets | 457K | - | 66000 | 263K | 12.3M | - |
| totalCurrentAssets | 7.48M | 3.92M | 6.47M | 10.42M | 13.02M | 12147 |
| propertyPlantEquipmentNet | 4.83M | 6.26M | 4.38M | 2.6M | 642K | - |
| goodwill | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - |
| longTermInvestments | - | - | - | - | - | 207.45K |
| taxAssets | - | - | - | - | - | - |
| otherNonCurrentAssets | 8.47M | 422K | 783K | - | - | - |
| totalNonCurrentAssets | 13.3M | 6.68M | 5.17M | 2.6M | 642K | 207.45K |
| otherAssets | - | - | - | - | - | - |
| totalAssets | 20.78M | 10.6M | 11.64M | 13.02M | 13.67M | 219.6K |
| totalPayables | 1.22M | 734K | 708K | 163K | 197K | 238.44K |
| accountPayables | 1.22M | 734K | 708K | 163K | 197K | 238.44K |
| otherPayables | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - |
| shortTermDebt | - | 20000 | - | - | - | 256.41K |
| capitalLeaseObligationsCurrent | 23000 | 20000 | 21000 | 20000 | 16000 | - |
| taxPayables | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - |
| otherCurrentLiabilities | - | -20000 | - | - | 12.3M | - |
| totalCurrentLiabilities | 1.25M | 754K | 729K | 183K | 12.51M | 494.85K |
| longTermDebt | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | 13000 | 2000 | 22000 | 9000 | 17000 | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 478K | 150K | 121K | 34000 | - | - |
| totalNonCurrentLiabilities | 491K | 152K | 143K | 43000 | 17000 | - |
| otherLiabilities | - | - | - | - | - | - |
| capitalLeaseObligations | 36000 | 22000 | 43000 | 29000 | 33000 | - |
| totalLiabilities | 1.74M | 906K | 872K | 226K | 12.53M | 494.85K |
| treasuryStock | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - |
| commonStock | 31.58M | 19.22M | 19.22M | 19.22M | 1.92M | 124.65K |
| retainedEarnings | -16.85M | -13.12M | -11.73M | -8.78M | -1.41M | -406.6K |
| additionalPaidInCapital | 3.7M | 3.6M | 2.41M | 930K | 81000 | - |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| netIncome | -3.73M | -1.39M | -2.95M | -7.36M | -1.41M | -170.87K |
| depreciationAndAmortization | 63000 | - | - | - | - | - |
| deferredIncomeTax | - | - | - | - | - | - |
| stockBasedCompensation | 81000 | 219K | 625K | 526K | 52000 | - |
| changeInWorkingCapital | -104K | -104K | 340K | -285K | 113K | 138.22K |
| accountsReceivables | - | - | - | - | 5245 | - |
| inventory | - | - | - | - | - | - |
| accountsPayables | - | - | - | - | - | - |
| otherWorkingCapital | -104K | -104K | 340K | -285K | 107.76K | 138.22K |
| otherNonCashItems | 2.46M | 547K | 1.64M | 5.68M | 749K | 30385 |
| netCashProvidedByOperatingActivities | -1.23M | -729K | -346K | -1.44M | -498K | -2265 |
| investmentsInPropertyPlantAndEquipment | -8.31M | -1.93M | -2.88M | -6.12M | -599K | - |
| acquisitionsNet | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - |
| otherInvestingActivities | -263K | 193K | 451K | -963K | -2000 | - |
| netCashProvidedByInvestingActivities | -8.57M | -1.74M | -2.43M | -7.08M | -601K | - |
| netDebtIssuance | 8.3M | -19000 | -20000 | -19000 | 1.27M | - |
| longTermNetDebtIssuance | - | -19000 | -20000 | -19000 | 1.27M | - |
| shortTermNetDebtIssuance | 8.3M | - | - | - | - | - |
| netStockIssuance | 4.57M | - | - | 17.64M | - | - |
| netCommonStockIssuance | 4.57M | - | - | 17.64M | - | - |
| commonStockIssuance | 4.57M | - | - | 17.64M | - | - |
| commonStockRepurchased | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - |
| otherFinancingActivities | -7000 | -12000 | - | -142K | - | - |
| netCashProvidedByFinancingActivities | 12.86M | -31000 | -20000 | 17.48M | 1.27M | - |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | 172K | - | - | - | - | - | - | - | - |
| costOfRevenue | 45000 | 848K | 5000 | 6000 | 5000 | 5000 | 6000 | 5000 | 6000 | 6000 |
| grossProfit | -45000 | -676K | -5000 | -6000 | -5000 | -5000 | -6000 | -5000 | -6000 | -6000 |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 371K | 405K | 474K | 194K | 215K | 260K | 218K | 305K | 286K | 603K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | 19000 | - |
| sellingGeneralAndAdministrativeExpenses | 371K | 405K | 474K | 194K | 215K | 260K | 218K | 305K | 305K | 603K |
| otherExpenses | 37000 | - | 1.08M | 19000 | 474K | 451K | 10000 | 5000 | - | 1.08M |
| operatingExpenses | 408K | 405K | 1.56M | 213K | 689K | 711K | 228K | 310K | 305K | 1.68M |
| costAndExpenses | 453K | 1.25M | 1.56M | 219K | 694K | 716K | 234K | 315K | 311K | 1.68M |
| netInterestIncome | 21000 | -8000 | -40000 | 25000 | 19000 | 38000 | 49000 | 61000 | 72000 | 87000 |
| interestIncome | 21000 | - | - | 25000 | 19000 | 38000 | 49000 | 61000 | 72000 | 87000 |
| interestExpense | - | 8000 | 40000 | - | - | - | - | - | - | - |
| depreciationAndAmortization | 45000 | 42000 | 5000 | 6000 | 5000 | 5000 | 6000 | 5000 | 6000 | 6000 |
| ebitda | -408K | -1.04M | -1.72M | -213K | -689K | -711K | -228K | -310K | -305K | -1.68M |
| ebit | -453K | -1.08M | -1.72M | -219K | -694K | -716K | -234K | -315K | -311K | -1.68M |
| nonOperatingIncomeExcludingInterest | - | - | 160K | - | - | - | - | - | - | - |
| operatingIncome | -453K | -1.08M | -1.56M | -219K | -694K | -716K | -234K | -315K | -311K | -1.68M |
| totalOtherIncomeExpensesNet | 19000 | -13000 | -200K | 23000 | 19000 | 3000 | 49000 | 61000 | 72000 | -34000 |
| incomeBeforeTax | -434K | -1.09M | -1.76M | -196K | -675K | -713K | -185K | -254K | -239K | -1.72M |
| incomeTaxExpense | - | - | - | - | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | -434K | -1.09M | -1.76M | -196K | -675K | -713K | -185K | -254K | -239K | -1.72M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -434K | -1.09M | -1.76M | -196K | -675K | -713K | -185K | -254K | -239K | -1.72M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -434K | -1.09M | -1.76M | -196K | -675K | -713K | -185K | -254K | -239K | -1.72M |
| eps | -0.0 | -0.01 | -0.01 | -0.0 | -0.01 | -0.01 | -0.0 | -0.0 | -0.0 | -0.02 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 57000 | 2.76M | 4.72M | 1.32M | 3M | 3.83M | 4.43M | 4.77M | 5.3M | 6.33M |
| shortTermInvestments | 3.07M | 4.13M | 4.62M | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 3.12M | 6.89M | 8.56M | 1.32M | 3M | 3.83M | 4.43M | 4.77M | 5.3M | 6.33M |
| netReceivables | 70000 | 136K | 69000 | 76000 | 57000 | 57000 | 66000 | 65000 | 76000 | 76000 |
| accountsReceivables | 70000 | 136K | 69000 | 76000 | 57000 | 57000 | 66000 | 65000 | 76000 | 76000 |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | 95000 | 107K | 196K | 34000 | 50000 | - | 119K | - |
| otherCurrentAssets | 867K | 457K | - | - | - | - | - | - | - | 66000 |
| totalCurrentAssets | 4.06M | 7.48M | 8.73M | 1.51M | 3.26M | 3.92M | 4.55M | 4.93M | 5.5M | 6.47M |
| propertyPlantEquipmentNet | 4.77M | 4.83M | 13.12M | 12.48M | 8.32M | 6.26M | 5.48M | 5.15M | 5.01M | 4.38M |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 11.46M | 8.47M | 104K | 104K | 104K | 422K | 783K | 783K | 783K | 783K |
| totalNonCurrentAssets | 16.23M | 13.3M | 13.22M | 12.58M | 8.43M | 6.68M | 6.27M | 5.94M | 5.79M | 5.17M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 20.29M | 20.78M | 21.95M | 14.09M | 11.68M | 10.6M | 10.82M | 10.86M | 11.29M | 11.64M |
| totalPayables | 1.11M | 1.22M | 1.36M | 378K | 1.27M | 734K | 297K | 198K | 487K | 708K |
| accountPayables | 1.11M | 1.22M | 1.36M | 378K | 1.27M | 734K | 297K | 198K | 487K | 708K |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | - | - | 8.36M | 24000 | 20000 | - | - | - | - | - |
| capitalLeaseObligationsCurrent | 18000 | 23000 | 23000 | 24000 | 20000 | 20000 | 20000 | 20000 | 20000 | 21000 |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | - | - | -24000 | -20000 | - | - | - | - | - |
| totalCurrentLiabilities | 1.13M | 1.25M | 9.74M | 402K | 1.29M | 754K | 317K | 218K | 507K | 729K |
| longTermDebt | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | 13000 | 13000 | 16000 | 24000 | 2000 | 2000 | 5000 | 14000 | 22000 | 22000 |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 452K | 478K | 533K | 240K | 207K | 150K | 144K | 142K | 139K | 121K |
| totalNonCurrentLiabilities | 465K | 491K | 549K | 264K | 209K | 152K | 149K | 156K | 161K | 143K |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | 31000 | 36000 | 39000 | 48000 | 22000 | 22000 | 25000 | 34000 | 42000 | 43000 |
| totalLiabilities | 1.59M | 1.74M | 10.29M | 666K | 1.5M | 906K | 466K | 374K | 668K | 872K |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 31.58M | 31.58M | 23.17M | 23.18M | 20.2M | 19.22M | 19.22M | 19.22M | 19.22M | 19.22M |
| retainedEarnings | -17.28M | -16.85M | -15.75M | -13.99M | -13.79M | -13.12M | -12.41M | -12.22M | -11.97M | -11.73M |
| additionalPaidInCapital | 3.96M | 3.7M | 3.63M | 3.62M | 3.61M | 3.6M | 3.54M | 3.49M | 2.5M | 2.41M |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -434K | -1.09M | -1.76M | -196K | -675K | -713K | -185K | -254K | -239K | -1.72M |
| depreciationAndAmortization | 41000 | 42000 | 5000 | 6000 | 5000 | - | - | - | - | - |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | 82000 | 58000 | 4000 | 7000 | 12000 | 40000 | 33000 | 78000 | 68000 | 174K |
| changeInWorkingCapital | 13000 | -182K | 333K | -212K | -43000 | 85000 | 41000 | -44000 | -186K | 200K |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | - | - | - | - | - | - | - | - | - | - |
| otherWorkingCapital | 13000 | -182K | 333K | -212K | -43000 | 85000 | 41000 | -44000 | -186K | 200K |
| otherNonCashItems | 4000 | 806K | 1.22M | 21000 | 475K | 492K | 18000 | 11000 | 26000 | 1.2M |
| netCashProvidedByOperatingActivities | -294K | -428K | -204K | -374K | -226K | -96000 | -93000 | -209K | -331K | -142K |
| investmentsInPropertyPlantAndEquipment | -3.34M | -524K | -1.5M | -4.12M | -2.16M | -881K | -334K | -113K | -606K | -773K |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | -129K | -674K | 621K | -650K | 440K | 389K | 102K | -210K | -88000 | 178K |
| netCashProvidedByInvestingActivities | -3.46M | -1.2M | -881K | -4.77M | -1.72M | -492K | -232K | -323K | -694K | -595K |
| netDebtIssuance | -4000 | -3000 | 8.29M | -8000 | - | -3000 | -9000 | -6000 | -1000 | -5000 |
| longTermNetDebtIssuance | -4000 | 8.3M | -8000 | -8000 | - | -3000 | -9000 | -6000 | -1000 | -5000 |
| shortTermNetDebtIssuance | - | - | 8.3M | - | - | - | - | - | - | - |
| netStockIssuance | - | 1000 | -10000 | 3.43M | 1.15M | - | - | - | - | - |
| netCommonStockIssuance | - | 1000 | -10000 | 3.43M | 1.15M | - | - | - | - | - |
| commonStockIssuance | - | 1000 | - | 3.43M | 1.15M | - | - | - | - | - |
| commonStockRepurchased | - | - | -10000 | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | - | -53000 | 45000 | 39000 | -22000 | -12000 | - | - | - | - |
| netCashProvidedByFinancingActivities | -4000 | -52000 | 8.33M | 3.46M | 1.13M | -15000 | -9000 | -6000 | -1000 | -5000 |