Feed / SRXH

SRX Global Inc.

SRXH

Consumer Defensive · 1.57 +2.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

SRX Global Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company+2.3% todayVolume comparison unavailable
Market group0 of 2 activeAI-Driven Decision Tools · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • SRXH's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if SRXH's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Defensive · Packaged Foods

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • SRXH's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements67
Verified relationships6
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -81.3% year over year.
  • Operating margin changed -157.5 percentage points in the latest annual period.
  • Net margin changed -688.3 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 216% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

1.57
6m+1186.9%12m+330.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$46.0M+8.0%$0.14
2022-12-31$54.7M+18.8%$-58.93
2023-12-31$38.6M-29.4%$-32.29+5.7%
2024-12-31$35.0M-9.4%$-0.10
2025-09-30$6.5M-81.3%$-2.13

What management says matters

Persistent and emerging business drivers

Restructuring and cost reductionsmixed · 4 filings
The prior-year results of its former Canadian operations were discontinued in fiscal year September 30, 2025 subsequent to the merger as a result of a formal insolvency restructuring and thus are classified as discontinued operations in fiscal year 2025.
10-Q · May 14, 2026
Credit and interest ratesnegative · 3 filings
Interest expense in the current period was not materially impacted by the consolidation of Better Choice, and there were no significant changes in debt balances that affected expense year over year.
10-Q · Sep 30, 2025
Demand and volumemixed · 3 filings
Net sales were driven by the sale of premium and super-premium pet food products across digital, brick-and-mortar, and international channels, reflecting the Company’s focus on product innovation, brand awareness, and meeting consumer demand in multiple trade…
10-Q · May 14, 2026
Macroeconomic conditionsmixed · 2 filings
However, we have seen adverse impacts to our gross margin from time to time due to inflationary pressures in the current economic environment.
10-K · Dec 5, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.1× · EV/sales 4.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

1.57+2.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for SRXH. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for SRXH. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind SRXH

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMZNAmazon.com, Inc.customerMay 14, 2026

Revenue channels The Company groups its revenue channels into three categories: Digital, which includes the sale of product to online retailers such as Amazon and Chewy, as well as Brick & Mortar, which primarily includes the sale of product to Pet Specialty…

CHWYChewy, Inc.customerMay 14, 2026

Revenue channels The Company groups its revenue channels into three categories: Digital, which includes the sale of product to online retailers such as Amazon and Chewy, as well as Brick & Mortar, which primarily includes the sale of product to Pet Specialty…

AMZNAmazon.com, Inc.partnerDec 5, 2025

In addition to directly targeting and educating consumers of our products, we partner with a number of retailers such as Amazon, Chewy and Petco to develop joint sales and marketing initiatives to increase sales and acquire new customers.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SRXH is currently a Early Follower in the organic co-movement group AI-Driven Decision Tools. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for SRXH; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.