Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Alternus Clean Energy, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
29.4
30.5
0.31
0
Cost of revenue
1.3
0.36
0
Gross profit
29.2
-0.05
0
Research and development
11.4
0.36
0.75
Selling, general and administrative
5.72
4.93
12
8.07
Selling and marketing
0.1
Operating expenses
25.3
13.8
16.6
Operating income
-8.2
-10.3
-16.3
6.86
Interest expense
10.3
18.6
8.77
4.2
Other non-operating income
-10.4
-22.3
-7.9
-14.2
Pre-tax income
-18.6
-32.6
-24.2
-7.31
Income tax
0.65
0.02
0.59
0
Income from continuing operations
-18.6
-32.6
-24.8
-7.31
Net income to minority interests
0
-0.82
Net income
-18.4
-69.5
21.1
-6.49
EBITDA
-4.52
-8.62
-16
7.45
EPS, basic
-1,653.00
-4,804.00
238,800.00
-35.71
EPS, diluted
-1,653.00
-4,804.00
1,194.00
-35.71
Shares, basic (weighted)
0.01
0.01
0
0.48
Shares, diluted (weighted)
0.01
0.01
0.02
0.48
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.71
4.04
0.16
0.03
Receivables
3.34
0
Other current assets
1.48
2.63
0.13
0
Total current assets
11.9
159
0.64
0.04
Property, plant and equipment
69
17.5
Lease right-of-use assets
1
1.13
Goodwill
0.24
19
Intangible assets
1.55
37.5
Other non-current assets
6.22
5.29
0.52
Total assets
178
185
7.73
57
Accounts payable
1.14
3.59
9.8
6.62
Accrued liabilities
3.47
15
2.37
3.78
Deferred revenue
4.95
5.61
Short-term debt
163
32.3
22.6
6.16
Total current liabilities
10.3
247
39.6
34
Long-term debt
32.3
1.63
0
Lease liabilities
0.96
1.25
0.41
0
Total liabilities
181
249
41.6
34
Total debt
163
32.3
26.5
6.16
Paid-in capital
19.8
27.9
35.9
33.7
Retained earnings
-18.7
-88.2
-67.1
-73.6
Shareholders' equity
-2.58
-63.3
-33.9
3.43
Minority interests
0
19.6
Total equity
-2.58
-63.3
-33.9
23
Total liabilities and equity
178
185
7.73
57
Shares outstanding
0.01
0.01
0
0.72
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
-18.4
32.6
21.1
-7.31
Depreciation and amortization
3.68
1.67
0.22
0.59
Stock-based compensation
0
2.16
Change in payables
-1.23
1.22
12.8
1.22
Cash from operations
-0.4
3.04
-3.22
-2.49
Capital expenditures
-1.15
-4.58
-1.49
0
Purchases of investments
-236
Sales and maturities of investments
233
Cash from investing
-233
-0.63
-1.68
0
Debt issued
24
15.5
6.78
2.38
Debt repaid
-9.28
-0.21
-5.6
-0.02
Cash from financing
234
21.1
1.18
2.36
Exchange rate effect
-0.56
0.43
-1.64
Net change in cash
-13
16.8
-24.4
-0.13
Free cash flow
-1.55
-1.54
-4.71
-2.49
Interest paid
7.32
6.1
0
Income taxes paid
2.02
2.49
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $150.00 on August 27, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-132.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-23.4%
Net income / average total assets.
Return on invested capital (ROIC)
-62.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-100.0%
Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-130.8%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-103.0%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
638.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-31.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
2,617.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
250.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.04x
Current assets / current liabilities.
Quick ratio
0.04x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.04x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.00
Revenue / diluted weighted shares.
Operating cash flow per share
-$3.49
Cash from operations / diluted weighted shares.
Book value per share
$13.97
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.06x
Market cap / shareholders' equity. Only when equity is positive.
Earnings yield
-2,082.0%
Net income / market cap (the inverse of P/E).
What was Alternus Clean Energy, Inc.'s revenue in fiscal 2025?
Alternus Clean Energy, Inc. reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.
Was Alternus Clean Energy, Inc. profitable in fiscal 2025?
No. It reported a net loss of $6.5M.
How much free cash flow did Alternus Clean Energy, Inc. generate in fiscal 2025?
Cash from operations of $2.5M minus capital expenditures of $0.0 left free cash flow of -$2.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.