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OTC MARKETS · Chemicals · CIK 0001817232
$0.051
-16.39% · delayed ~15 min
Last price from Oct 19, 2026
$381.5K market value
From Global Gas Corp's FY2025 10-K, filed Apr 15, 2026 · read the filing
Global Gas makes industrial chemicals. It took in $33.0K last year, which makes it a small company. Of every dollar it sells, about 74 cents is left as profit.
The financial picture is mixed, with profitability needing attention and debt weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -25.41
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Several areas of financial weakness.
From Global Gas Corp's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$552.0K → -$166.2K
Profit
-$130.7K → $24.3K
Cash
$114.1K → $48.7K
2 of 4 scored areas had enough reported figures to judge
Measured against FY2024, from the 10-K filed Apr 15, 2026
Improved: $385.7K narrower
-$552.0K to -$166.2KCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$130.7K to $24.3KCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
HGAS fell 16.39% on the latest quote. The average Materials company tracked here moved −1.23%, and the S&P 500 −1.04%. That is 15.2 points below its sector and 15.4 points below the market.
No filing from HGAS and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 74 cents of every dollar of sales as profit, earning $24.3K last year. Note that operations still consumed cash despite the reported profit.
Not enough history has been reported to judge growth.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $24.3K and generated -$63.2K of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Apr 15, 2026Filing for FY2025 | FY202410-K · Apr 15, 2026Filing for FY2024 | FY202310-K · Mar 31, 2025Filing for FY2023 | FY202210-K/A · Apr 10, 2023Filing for FY2022 | FY202110-K/A · Apr 10, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $33.0K | — | — | — | — | — |
| Selling, general and administrative | $199.3K | $552.0K | — | $0.00 | $20.0K | −63.9% |
| Operating income | -$166.2K | -$552.0K | — | — | — | +69.9% |
| Operating marginOperating income ÷ revenueWhat is this? | -503.6% | — | — | — | — | — |
| Interest expense | $9.1K | $0.00 | — | — | — | n/m |
| Income before tax | $35.0K | -$130.7K | — | — | — | n/m |
| Net income | $24.3K | -$130.7K | — | $6.6M | $5.5M | n/m |
| Net marginNet income ÷ revenueWhat is this? | 73.7% | — | — | — | — | — |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| HGASGlobal Gas Corp · this page | 4.0/10 | 2/5 | — | 73.7% | 15.68x | -1.19x |
| APDAir Products & Chemicals, Inc. | 2.0/10 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Nothing recent
No insider trades, pending-sale notices or 5% stake filings from HGAS in the last few months. That is the ordinary case, not a gap.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Operating income $15.1K narrower · Profit turned negative · Cash -98.9% — against Q2 FY2025
Read the filingQuarterly report for Q1 FY2026
Operating income $12.5K narrower · Cash -92.6% · Profit $10.3K narrower — against Q1 FY2025
Read the filingWrite down why you are following Global Gas Corp, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Nothing in the last 30 days
No articles have been published about HGAS in the past month. Its filings are listed alongside, and they are the more reliable record anyway.
Primary sources and further research
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from HGAS's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Apr 15, 2026), reported under the US GAAP taxonomy. View the source filing.
The score averages profitability, growth, debt and accounting. Growth and Accounting had too few reported figures and are left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 5 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.0 | 2/5 | 10-K, filed Apr 15, 2026 |
| FY2024 | 2.0 | 0/4 | 10-K, filed Mar 31, 2025 |
| FY2023 | 2.0 | 1/1 | 10-K, filed Apr 1, 2024 |
| FY2022 | 10.0 | 3/5 | 10-K, filed Apr 10, 2023 |
| FY2021 | 10.0 | 1/4 | 10-K, filed Mar 29, 2022 |
| FY2020 | 10.0 | — | 10-K, filed Mar 29, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
2 of 5 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 4 could not be evaluated and are excluded from the total rather than counted as failures.
-25.41
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -57.3%
$114.1K to $48.7KCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 13, 2026 — read it.
Improved: $15.1K narrower
-$35.8K to -$20.7KCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$167.9K to -$49.7KCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -98.9%
$83.8K to $939.00Critical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 13, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: $31.4K wider
-$18.3K to -$49.7KCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -82.8%
$5.5K to $939.00Critical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: $4.1K wider
-$16.6K to -$20.7KSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Yes — it carries debt while operations are consuming cash rather than generating it. For every $1 it owes, it owns $0.16 in assets. Its operating profit does not cover its interest bill — -18.23x against the interest it owes. A bankruptcy-risk model also places it in its distress range.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
| 3/8 |
| -0.5% |
| -3.3% |
| — |
| 1.58x |
| Median of peers | 2.0/10 | — | -0.5% | -3.3% | — | 1.58x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Annual report for FY2025
Operating income $385.7K narrower · Profit turned positive · Cash -57.3% — against FY2024
Read the filingQuarterly report for Q3 FY2025
Cash -74.9% · Operating income $21.1K wider · Profit $37.2K wider — against Q3 FY2024
Read the filingSigned a material agreement · Had a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2025
Operating income $35.3K narrower · Profit -58.6% · Cash -75.3% — against Q2 FY2024
Read the filingQuarterly report for Q1 FY2025
Operating income $48.0K narrower · Profit $150.2K narrower · Cash -74.2% — against Q1 FY2024
Read the filingQuarterly report for Q1 FY2025
Operating income $48.0K narrower · Profit $150.2K narrower · Cash -74.2% — against Q1 FY2024
Read the filingAnnual report for FY2024
Cash -90.4% — against FY2023
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingQuarterly report for Q3 FY2024
Read the filingQuarterly report for Q2 FY2024
Read the filingReceived a delisting or listing-standard notice
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q1 FY2024
Read the filingRegistration statement for an offering of securities
Read the filingAnnual report for FY2023
Cash +377960.1% — against FY2022
Read the filingSigned a material agreement
Read the filingChanged its auditor
Read the filingSigned a material agreement
Read the filing