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Friday 6 November 2026
Export EQS’s income statement to Excel — free account
Equus Total Return, Inc.
EQS Financial Asset Management
Equus Total Return, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 million, up 7.77% from fiscal 2024.
- Revenue
- −10.9%
- EPS
- −5,138.1%
- Free cash flow
- +113.2%
- Total debt
- +39.0%
Quarter to June 2026, against a year earlier
0.64
0.01
+1.59%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1 | 1 | 0 | 0 | 0 | — | — | 0 | 1 | 1 | 1 | +7.0% | — | — | — | — | |
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | 6 | (1) | 0 | 2 | (12) | 3 | (1) | 13 | (19) | (14) | (18) | n/m | ||||||
| EBT margin, % | 756.68 | (116.25) | 64.38 | 711.40 | (3,811.32) | 0.00 | 0.00 | 5,200.40 | (1,473.86) | (1,031.61) | (1,408.24) | (1,788.3) pt | ||||||
| Net income | 5 | (1) | 0 | 2 | (12) | 3 | (1) | 13 | (19) | (14) | (18) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.06 | 0.04 | 0.04 | 0.03 | 0.02 | 0.00 | 0.00 | 0.02 | 0.09 | 0.10 | 0.09 | +6.1% | |||||
| Earnings | 0.43 | (0.06) | 0.00 | 0.16 | (0.91) | 0.19 | (0.08) | 0.96 | (1.38) | (1.03) | (1.35) | n/m | ||||||
| Cash flow | (1.57) | 0.80 | (0.91) | (0.40) | 1.82 | 1.56 | (0.57) | (3.80) | 2.81 | (0.16) | 0.01 | (22.7%) | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | (1.57) | 0.80 | (0.91) | (0.40) | 1.82 | 1.56 | (0.57) | (3.80) | 2.81 | (0.16) | 0.01 | (22.7%) | ||||||
| Book value | 3.37 | 3.22 | 3.22 | 3.40 | 2.50 | 2.69 | 2.61 | 3.57 | 2.17 | 1.21 | 1.19 | (10.8%) | ||||||
| Shares, m | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | +0.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 4.70 | 0.00 | 0.00 | 11.38 | 0.00 | — | — | 1.48 | 0.00 | 0.00 | 0.00 | 2.2 | |||||
| P/S | 34.23 | 56.72 | 55.20 | 70.09 | 91.82 | — | — | 77.14 | 11.73 | 14.08 | 6.82 | 51.4 | ||||||
| P/B | 0.60 | 0.74 | 0.61 | 0.54 | 0.86 | — | — | 0.40 | 0.51 | 1.17 | 0.54 | 0.7 | ||||||
| EV/Sales | 57.93 | 69.26 | 95.38 | 140.56 | 92.20 | — | — | 229.63 | 54.69 | 15.52 | — | 94.4 | ||||||
| EV/FCF | (139.79) | 3.62 | (3.73) | (9.05) | 1.19 | — | — | (1.11) | 1.82 | (10.01) | — | (19.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (20) | 11 | (12) | (5) | 25 | 21 | (8) | (51) | 38 | (2) | 0 | (22.0%) | |||||
| Capex | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Free cash flow | (20) | 11 | (12) | (5) | 25 | 21 | (8) | (51) | 38 | (2) | 0 | (22.0%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 13 | 12 | 8 | 5 | 27 | 23 | 19 | 7 | 2 | 2 | 3 | (17.8%) | |||||
| Net debt | 18 | 7 | 19 | 25 | 0 | (21) | (13) | 38 | 0 | 2 | 2 | (21.6%) | ||||||
| Shareholders’ equity | 43 | 43 | 43 | 46 | 34 | 36 | 35 | 48 | 30 | 17 | 17 | (10.0%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 14.85 | (1.23) | 0.08 | 2.98 | (18.36) | 5.25 | (2.77) | 19.15 | (30.41) | (55.25) | (62.57) | (70.1) pt | |||||
| ROIC | (2.29) | (4.78) | (3.28) | (2.70) | (8.60) | (14.02) | (10.32) | (2.91) | (6.79) | (10.12) | (9.94) | (7.8) pt | ||||||
| ROE | 13.76 | (1.93) | 0.12 | 4.86 | (30.82) | 7.38 | (3.15) | 31.01 | (48.27) | (61.48) | (72.77) | (75.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Equus Total Return, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TGE The Generation Essentials Group | $17.0M | — | — | — | — | — | — | — | Compare |
| INV Innventure, Inc. | $13.7M | — (loss-making) | — | +100.21% (above 0%: growing) | n/m | −16.26% (below 0%: shrinking) | (432.32%) | (3,304.09%) | Compare |
| BENF Beneficient | $13.2M | — (loss-making) | — (loss-making) | +196.37% (above 0%: growing) | n/m | +62.45% (above 0%: growing) | 100.00% | 34.47% | Compare |
| AMTD AMTD IDEA Group | $11.0M | 11.0× | — (loss-making) | +90.59% (above 0%: growing) | −31.02% (below 0%: shrinking) | — | 0.00% | 0.00% | Compare |
| EQS Equus Total Return, Inc. | $8.9M | — (loss-making) | 32.9× | −10.92% (below 0%: shrinking) | n/m | +113.19% (above 0%: growing) | 100.00% | (266.98%) | |
| ICMB Investcorp Credit Management BDC, Inc. | $8.8M | — (loss-making) | 20.5× | −31.05% (below 0%: shrinking) | n/m | +238.07% (above 0%: growing) | 100.00% | 59.40% | Compare |
| SFES Safeguard Scientifics, Inc. | $7.5M | 0.5× | — | — | n/m | +42.68% (above 0%: growing) | 0.00% | 0.00% | Compare |
| TWAV TaoWeave, Inc. | $4.8M | — (loss-making) | 12.4× | −11.82% (below 0%: shrinking) | n/m | +107.53% (above 0%: growing) | 52.49% | (161.11%) | Compare |
| ALP Alpha Compute Corp | $4.6M | — (loss-making) | — (loss-making) | — | n/m | +66.68% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $9.9M | — | — | +90.59% | — | +64.57% | 0.00% | 0.00% |
Pay and ownership Proxy statement filed 30 April 2026
Ownership
Directors and executive officers, together
30.50%
John A. Hardy
27.65%
Michael Tokarz
22.71%
Howard Todd Horberg
5.04%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement