Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data CBL International Ltd 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
FY2022
FY2023
FY2024
FY2025
Revenue
327
463
436
593
538
Cost of revenue
319
454
429
587
534
Gross profit
7.59
9.13
7.21
5.37
4.47
General and administrative
2.39
3.15
4.31
6
5.31
Operating expenses
3.36
4.36
5.55
8.7
6.91
Operating income
4.23
4.76
1.66
-3.33
-2.43
Interest expense
0
0.26
0.23
0.57
0.74
Interest income
0
0
0.07
0.02
0.04
Other non-operating income
-0.01
-0.26
-0.23
-0.57
-0.56
Pre-tax income
4.23
4.5
1.43
-3.9
-2.99
Income tax
0.66
0.81
0.3
-0.03
-0
Net income to minority interests
0.01
0.14
0.02
Net income
3.57
3.69
1.13
-3.87
-2.99
EBITDA
4.29
4.85
1.83
-2.97
-2.05
EPS, basic
0.17
0.17
0.05
-0.14
-0.11
EPS, diluted
0.17
0.17
0.05
-0.14
-0.11
Shares, basic (weighted)
21.3
21.3
25
27.5
27.5
Shares, diluted (weighted)
21.3
21.3
25
27.5
27.5
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
3.04
5.03
7.4
8.02
9.33
Receivables
18
18.4
25.1
36.7
39
Other current assets
3.8
0.25
19.3
23.1
23.4
Total current assets
26.7
23.7
52.1
68.3
75.1
Property, plant and equipment
0.12
0.39
1
0.78
0.4
Lease right-of-use assets
0.16
0.34
0.34
0.17
0.19
Total assets
27
25.6
53.5
69.3
75.7
Accounts payable
18.3
12.7
27.5
42
52.7
Short-term debt
1.36
1.89
Total current liabilities
18.5
13.3
28
46.5
55.8
Lease liabilities
0.05
0.23
0.19
0.04
0.07
Total liabilities
18.6
13.5
28.2
46.5
55.8
Paid-in capital
0.49
0.49
12.5
13.9
13.8
Retained earnings
7.94
11.6
12.8
9.03
6.05
Treasury stock
-0
Shareholders' equity
8.43
12.1
25.3
22.9
19.9
Minority interests
-0.01
-0.14
Total equity
8.43
12.1
25.3
22.8
19.9
Total liabilities and equity
27
25.6
53.5
69.3
75.7
Shares outstanding
21.3
21.3
25
27.5
27.5
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
3.57
3.69
1.14
-3.74
-2.97
Depreciation and amortization
0.06
0.09
0.17
0.36
0.38
Change in receivables
-1.33
-0.4
-6.68
-11.6
-2.34
Change in payables
0.23
-5.64
14.8
14.6
10.7
Cash from operations
-2.51
3.5
-10
-1.94
4
Capital expenditures
-0.02
-0.37
-0.77
-0.14
-0
Cash from investing
-0.02
-0.37
-0.77
-0.14
-0
Share buybacks
-0.05
Cash from financing
-1.13
13.2
2.71
0.48
Net change in cash
-2.53
2
2.37
0.62
4.48
Free cash flow
-2.53
3.13
-10.8
-2.09
3.99
Interest paid
0.01
0.26
0.3
0.59
0.79
Income taxes paid
0.68
0.69
0.79
0.03
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $5.10 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
0.8%
Gross profit / revenue.
Operating margin
-0.5%
Operating income / revenue.
EBITDA margin
-0.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-0.6%
Pre-tax income / revenue.
Net margin
-0.6%
Net income / revenue.
FCF margin
0.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
0.7%
Cash from operations / revenue.
Return on equity (ROE)
-14.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-4.1%
Net income / average total assets.
Return on invested capital (ROIC)
-15.1%
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%.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-9.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
5.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-16.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-21.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y
4.5%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 3y
8.5%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-13.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
18.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
9.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
43.5%
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
0.0%
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
9.0%
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
1.35x
Current assets / current liabilities.
Quick ratio
0.87x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.17x
(Cash + short-term investments) / current liabilities.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.11
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.
EPS, basic
-$0.11
Net income per basic share, as reported (split-adjusted).
Revenue per share
$19.58
Revenue / diluted weighted shares.
FCF per share
$0.15
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.15
Cash from operations / diluted weighted shares.
Book value per share
$0.72
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$10.8M
Share price x shares outstanding.
Enterprise value
$1.5M
Market cap + total debt - cash - short-term investments.
P/S
0.02x
Market cap / revenue.
P/B
0.54x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.54x
Market cap / tangible book value, when positive.
P/FCF
2.70x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
2.70x
Market cap / cash from operations, when positive.
EV/Sales
0.00x
Enterprise value / revenue.
EV/FCF
0.37x
Enterprise value / free cash flow, when both are positive.
FCF yield
37.0%
Free cash flow / market cap.
Earnings yield
-27.7%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.5%
(Dividends paid + share buybacks) / market cap.
What was CBL International Ltd's revenue in fiscal 2025?
CBL International Ltd reported revenue of $538.5M for fiscal 2025, 9.1% lower than the year before.
Was CBL International Ltd profitable in fiscal 2025?
No. It reported a net loss of $3.0M.
How much free cash flow did CBL International Ltd generate in fiscal 2025?
Cash from operations of $4.0M minus capital expenditures of $2.6K left free cash flow of $4.0M.
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.