Detailed financial statements for Global Interactive Technologies, Inc. (GITS): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Global Interactive Technologies, Inc., through its subsidiary, operates as a technology-focused platform company in South Korea. The company operates and develops Faning, a digital fan engagement platform designed to support online fan communities, content discovery and sharing, user interaction, multilingual communication, user-generated content, and digital engagement experiences among mobile and web-based services.
Analysis Summary
Trailing-twelve-month margins: gross margin -36.2%, operating margin -1169.5%, net margin -2250.1%.
At the current price of $2.11, GITS has negative trailing earnings (P/E not meaningful) and an ROE of -134.57%. Market capitalisation stands at $8M.
Balance sheet quality for GITS: current ratio of 0.0, net debt of $115286. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Revenue | 0 | $480224 | $428187 | 0 | 0 | $1932 |
| Cost of Revenue | 0 | $559419 | $470468 | $9183 | $6352 | $1.0M |
| Gross Profit | 0 | -$79195 | $428187 | -$9183 | -$6352 | $1932 |
| Research & Development | 0 | $561218 | $114476 | $309941 | 0 | 0 |
| Selling, General & Admin | $476708 | $6.2M | $5.7M | $2.0M | $888363 | $1.4M |
| Operating Expenses | $637507 | $20.4M | $5.8M | $2.0M | $17.1M | $2.4M |
| Operating Income | -$637507 | -$20.5M | -$5.4M | -$2.0M | -$888363 | -$2.4M |
| EBITDA | -$9.6M | -$12.4M | -$4.8M | -$1.8M | -$4.8M | -$3.6M |
| Interest Expense | $42340 | $2.0M | $8931 | 0 | $1181 | $7017 |
| Pre-tax Income | -$9.6M | -$12.8M | -$5.2M | -$1.9M | -$4.8M | -$4.6M |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -$9.6M | -$12.7M | -$6.2M | -$9.3M | -$6.2M | -$4.6M |
| EPS | $-4.15 | $-4.79 | $-2.69 | $-3.68 | $-2.34 | $-1.44 |
| EPS (Diluted) | $-4.15 | $-4.79 | $-2.69 | $-3.68 | $-2.34 | $-1.44 |
| Shares Outstanding (Diluted) | $2.6M | $2.6M | $2.6M | $2.5M | $2.6M | $3.2M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Revenue | $1838 | $65 | $96 | $126 |
| Gross Profit | $1838 | -$75287 | $96 | -$244298 |
| Operating Income | -$541242 | -$657179 | -$496350 | -$715927 |
| EBITDA | -$218850 | -$2.8M | -$250540 | -$471503 |
| Net Income | -$542977 | -$2.8M | -$496993 | -$908430 |
| EPS | $-0.17 | $-0.77 | $-0.14 | $-0.25 |
| EPS (Diluted) | $-0.17 | $-0.77 | $-0.14 | $-0.25 |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Cash & Equivalents | $25935 | $330448 | $118262 | $69688 | $2352 | $6990 |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | $15942 | $775215 | $2.4M | $131828 | $635 | $35286 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | $1.6M | $1.5M | $3.1M | $20.4M | $2987 | $42276 |
| Property, Plant & Equipment | $33095 | $3.3M | $2.5M | $124030 | $1.5M | $1.3M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | $4.9M | $3.0M |
| Total Assets | $5.1M | $8.3M | $6.1M | $20.5M | $6.4M | $4.4M |
| Accounts Payable | 0 | $404312 | $371183 | 0 | 0 | 0 |
| Short-term Debt | $7.4M | $480818 | $982390 | $5.1M | $370043 | $122276 |
| Total Current Liabilities | $7.5M | $1.9M | $3.9M | $7.5M | $668339 | $933389 |
| Long-term Debt | $6.7M | $3.8M | $3.6M | 0 | 0 | 0 |
| Total Liabilities | $14.3M | $5.7M | $7.4M | $7.5M | $668339 | $933389 |
| Retained Earnings | -$10.7M | -$23.4M | -$29.6M | -$38.9M | -$37.9M | -$42.5M |
| Total Equity | -$9.2M | $2.7M | -$1.1M | $13.1M | $5.7M | $3.4M |
| Total Debt | $14.1M | $4.3M | $4.5M | $5.1M | $370043 | $122276 |
| Net Debt | $14.1M | $3.9M | $4.4M | $5.0M | $367691 | $115286 |
| Working Capital | -$5.9M | -$454483 | -$757981 | $12.9M | -$665352 | -$891113 |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Cash & Equivalents | $36915 | $6990 | $360 | $1.2M |
| Total Assets | $5.9M | $4.4M | $4.1M | $4.9M |
| Total Liabilities | $631216 | $933389 | $1.2M | $1.2M |
| Total Equity | $5.2M | $3.4M | $3.0M | $3.8M |
| Total Debt | $115455 | $122276 | $168901 | $153450 |
Cash Flow (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Net Income | -$9.6M | -$12.8M | -$5.2M | -$1.7M | -$4.8M | -$4.6M |
| Depreciation & Amortization | $19880 | $117101 | $424205 | $9183 | $6352 | $1.0M |
| Stock-based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | $75054 | -$434881 | $1.5M | -$739 | $423235 | $439111 |
| Operating Cash Flow | -$561966 | -$7.8M | -$3.5M | -$1.8M | -$1.7M | -$751197 |
| Capital Expenditure | -$6084 | -$585047 | -$7020 | -$131692 | -$3 | -$3 |
| Acquisitions | 0 | $5836 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$568050 | -$8.4M | -$3.5M | -$2.0M | -$456413 | -$751197 |
Cash Flow (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Operating Cash Flow | -$166176 | -$55376 | -$51737 | -$507183 |
| Capital Expenditure | -$4 | -$4 | -$3 | $4 |
| Free Cash Flow | -$166176 | -$55376 | -$51740 | -$507179 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | 0 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Revenue Growth (YoY) | | | -10.8% | -100.0% | | |
| Net Income Growth (YoY) | | -31.5% | +50.7% | -48.8% | +33.5% | +24.9% |
| EPS Growth (YoY) | | -15.4% | +43.8% | -36.8% | +36.4% | +38.5% |
| Shares Change (YoY) | | +0.0% | +0.0% | -4.4% | +4.6% | +22.0% |
| FCF Growth (YoY) | | -1378.6% | +58.4% | +43.5% | +76.9% | -64.6% |
| Gross Margin | | -16.5% | 100.0% | | | 100.0% |
| Operating Margin | | -4259.3% | -1266.2% | | | -126232.9% |
| EBITDA Margin | | -2578.3% | -1114.2% | | | -186513.8% |
| Net Margin | | -2635.6% | -1457.4% | | | -239797.8% |
| FCF Margin | | -1749.1% | -815.7% | | | -38881.8% |
| Effective Tax Rate | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Per-Share Data (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF Per Share | $-0.22 | $-3.18 | $-1.32 | $-0.78 | $-0.17 | $-0.23 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $2.6M | $2.6M | $2.6M | $2.5M | $2.6M | $3.2M |
What to look at in Technology companies
- Revenue growth 3y (>=15%/year) — Validates sustained traction, not a one-off.
- Gross margin (Sub-sector dependent) — SaaS >=70%, Internet >=55%, Semis >=45%, Hardware >=35%.
- FCF / Revenue (>=20%) — Real cash generated. Many tech firms dress up non-GAAP earnings.
- ROIC (>=15%) — Capital reinvested efficiency — Buffett's first metric.
- SBC / Revenue (<10% healthy) — Stock-based compensation. Silent dilution: >20% destroys value.
- Net Debt / EBITDA (<=2x (1.5x SaaS)) — Resilience in downturns and rate hikes.
Profitability
| Return on Equity | -134.57% |
| Return on Invested Capital | -68.41% |
| Return on Assets | -105.87% |
| Gross Margin | -3615.58% |
| Operating Margin | -116947.83% |
| Net Margin | -225010.11% |
Financial Health
| Debt / Equity | 0.06 |
| Current Ratio | 0.03 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -14.23 |
Key Ratios (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -37.59 | -32.57 | -57.99 | -4.67 | -2.11 | -0.49 |
| P/B | -44.63 | 154.78 | -372.99 | 3.32 | 2.27 | 0.66 |
| P/S | 0.00 | 857.74 | 961.98 | 0.00 | 0.00 | 1179.38 |
| Gross Margin | 0.0% | -16.5% | 100.0% | 0.0% | 0.0% | 100.0% |
| Operating Margin | 0.0% | -4259.3% | -1266.2% | 0.0% | 0.0% | -126232.9% |
| Net Margin | 0.0% | -2635.6% | -1457.4% | 0.0% | 0.0% | -239797.8% |