Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Cenntro 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
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
3.58
5.46
8.58
8.94
10.4
31.3
18.1
Cost of revenue
3.7
4.89
7.07
9.46
8.81
23.7
20.4
Gross profit
-0.12
0.57
1.5
-0.51
1.62
7.61
-2.32
Research and development
2.15
1.37
1.48
6.36
7.72
5.16
2.81
Selling and marketing
0.96
0.78
1.03
6.53
4.18
7.36
2.52
General and administrative
11
8.74
15
32.8
33
26.3
20.3
Operating expenses
17.7
11.2
18
54.7
44.9
39.4
30.2
Operating income
-17.8
-10.6
-16.5
-55.2
-43.2
-31.8
-32.5
Interest expense
1.06
1.41
1.07
0.84
-0.4
Other non-operating income
1.09
-0.92
0.52
-0.52
0.38
Pre-tax income
-19.5
-5.2
-16.4
-112
-46.1
-34.1
-68.9
Income tax
0
0
0
0
0.01
-0.04
-0.05
Income from continuing operations
-46.1
-34.1
-68.8
Net income to minority interests
-0.04
-0.03
0
-2.06
-0.16
-0.04
-0.04
Net income
-19.5
-5.17
-16.4
-110
-54.2
-44.9
-73
EBITDA
-15.7
-8.79
-15.8
-54.3
-41.6
-29.8
-30.4
EPS, basic
-65.90
-17.97
-53.92
-251.61
-107.14
-87.28
-87.21
EPS, diluted
-65.90
-17.97
-53.92
-251.61
-107.14
-87.28
-87.21
Shares, basic (weighted)
0.29
0.29
0.29
0.44
0.51
0.51
0.84
Shares, diluted (weighted)
0.29
0.29
0.29
0.44
0.51
0.51
0.84
Balance sheet
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.23
4.55
261
154
28.8
12.5
4.48
Short-term investments
0
4.24
0.01
0
Receivables
0.46
2.05
0.57
2.5
3.28
1.28
Inventory
4.21
8.14
31.8
29.2
24
21.9
Other current assets
0.18
0.27
0.44
0.57
1.09
1.05
Total current assets
20.1
281
203
105
65.9
45.6
Property, plant and equipment
1.04
1.3
15
20.4
17.4
15.9
Lease right-of-use assets
0.42
1.67
8.19
19.7
9.95
1.86
Goodwill
0
0.22
26.6
0
Intangible assets
0.05
0
4.56
6.87
6.23
6.14
Other non-current assets
1.12
2.15
2.04
2.17
2.06
1.03
Total assets
22.8
291
268
186
133
74.4
Accounts payable
3.72
3.68
3.38
4.88
5.14
5.53
Accrued liabilities
0.97
0.56
0.45
0.62
0.27
1.63
Deferred revenue
1.69
1.94
2.39
2.45
4.12
3.02
Short-term debt
0
0.25
1.26
Total current liabilities
14.5
26.4
70.2
29.3
29.1
26.7
Long-term debt
0
0.36
1.21
Lease liabilities
0.36
0.49
7.42
16.3
7.59
0.84
Other non-current liabilities
0
0.7
0
Total liabilities
14.9
27.6
96
63.7
54.6
34
Total debt
0
0.36
1.21
Paid-in capital
103
375
397
402
406
438
Retained earnings
-93.3
-110
-220
-274
-319
-392
Other comprehensive income
-1.9
-1.39
-5.31
-6.44
-9.03
-5.59
Shareholders' equity
7.89
264
172
122
77.8
40.3
Minority interests
-0.03
0
-0.48
-0
0.12
0.1
Total equity
8.41
7.87
264
172
122
78
40.4
Total liabilities and equity
22.8
291
268
186
133
74.4
Shares outstanding
0.29
0.44
0.5
0.51
0.51
1.47
Cash flow statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-19.5
-5.2
-16.4
-112
-54.4
-44.9
-73
Depreciation and amortization
2.07
1.84
0.63
0.95
1.67
2.01
2.2
Stock-based compensation
4.92
3.36
1.13
4.03
5.23
3.37
2.83
Deferred income tax
0
-0.02
-0.05
-0.05
Change in receivables
2.42
-0.34
-2
0.23
-5.87
1.26
0.06
Change in inventory
0.08
1.94
-5.09
-20.5
-12.2
7.93
0.12
Change in payables
-3.37
-3.73
-0.13
-2.14
3.1
0
0.26
Cash from operations
-4.67
-7.87
-21.5
-69.4
-58.5
-21.4
-12.6
Capital expenditures
-0.06
-0.08
-0.76
-3.29
-7.64
-0.85
Purchases of investments
-4.24
-4.17
0
Cash from investing
1.53
26.5
7.23
-56.9
-16.4
4.07
-0.87
Stock issued
0
0.01
0
Cash from financing
1.17
-15.5
271
19.5
-48.1
1.23
4.9
Exchange rate effect
-0.02
0.24
0.21
-0.74
-1.54
Net change in cash
-1.99
3.32
257
-108
-125
-16.6
-8.27
Free cash flow
-4.73
-7.95
-22.2
-72.7
-66.1
-22.2
Interest paid
0.81
0.83
0.83
Income taxes paid
0
0
0
0
0
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 $4.44 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-11.6%
Gross profit / revenue.
Operating margin
-175.4%
Operating income / revenue.
EBITDA margin
-165.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-396.3%
Pre-tax income / revenue.
Net margin
-423.9%
Net income / revenue.
Operating cash flow margin
-51.8%
Cash from operations / revenue.
Return on equity (ROE)
-211.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-105.1%
Net income / average total assets.
Return on invested capital (ROIC)
-70.9%
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%.
R&D / revenue
13.7%
Research and development expense / revenue.
Stock-based pay / revenue
12.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
10.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-42.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
26.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
27.1%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-130.4%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-48.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-38.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
38.5%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-43.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-34.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
26.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
62.8%
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
24.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
23.4%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.65x
Current assets / current liabilities.
Quick ratio
0.23x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.17x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.10x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
5.2%
Total debt / total assets.
Liabilities / assets
50.3%
Total liabilities / total assets.
Net debt
-$794.6K
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$40.56
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
$9.57
Revenue / diluted weighted shares.
Operating cash flow per share
-$4.95
Cash from operations / diluted weighted shares.
Book value per share
$13.77
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.64x
Market cap / revenue.
P/B
0.32x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.38x
Market cap / tangible book value, when positive.
EV/Sales
0.60x
Enterprise value / revenue.
Earnings yield
-659.2%
Net income / market cap (the inverse of P/E).
What was Cenntro Inc.'s revenue in fiscal 2025?
Cenntro Inc. reported revenue of $18.1M for fiscal 2025, 42.2% lower than the year before.
Was Cenntro Inc. profitable in fiscal 2025?
No. It reported a net loss of $73.0M.
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.