Invesaro

Stocks CIRX Financial statements

Financial statements

CIRTRAN CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CIRTRAN CORP 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

FY2013FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue3.470.011.732.921.721.621.33.13
Cost of revenue1.120.91.020.70.610.461.59
Gross profit2.310.010.841.91.021.010.841.54
Selling, general and administrative3.290.810.450.280.471.6310.510.871.16
Operating expenses3.330.810.450.410.762.131.551.021.391.67
Operating income-1.02-0.79-0.45-0.410.08-0.23-0.52-0.01-0.55-0.13
Interest expense0.660.490.50.590.660.680.710.770.790.82
Other non-operating income2.24-1-0.5-0.670.37-0.61-0.78-0.54-2-0.42
Pre-tax income0.13-1.4520.3-2.7-0.7
Income tax0.05-0.01-0.07
Income from continuing operations-2.55-0.55
Net income to minority interests0.37
Net income0.86-2.05-1.11-1.230.530.13-1.520.3-2.63-0.7
EBITDA-0.97-0.79-0.45-0.40.08-0.22-0.52-0.01-0.55-0.13
EPS, basic0.000.00-7.50-8.103.600.90-0.304.10-0.53-0.14
EPS, diluted0.000.00-7.50-8.100.000.00-0.304.10-0.53-0.14
Shares, basic (weighted)1461500.150.150.150.164.954.954.954.95
Shares, diluted (weighted)2551500.150.155.744.814.954.954.954.95

Balance sheet

FY2013FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents00.0100.110.010.020.01
Receivables0.010.020.210.060.020.030.37
Inventory0.190.020.330.540.820.820.741.14
Other current assets0.05000.120.270.330.440.490.47
Total current assets0.250.0100.020.941.121.681.531.282.26
Property, plant and equipment0.040.010.010.010.020.020.020.020.010
Lease right-of-use assets0.050.02
Other non-current assets0.04
Total assets0.630.320.310.331.311.4621.851.532.51
Accounts payable4.172.222.122.121.351.922.320.630.760.15
Accrued liabilities2.150.730.81.081.351.342.082.892.782.76
Deferred revenue2.590
Short-term debt0.410.040.170.16
Total current liabilities23.235.836.23838.139.541.420.923.124.7
Long-term debt0.50.50.50.660.660.660.630.640.64
Lease liabilities0.02
Total liabilities23.239.840.341.6424244.123.625.927.6
Total debt0.412.591.93
Paid-in capital29.332.637.237.237.237.237.237.237.237.2
Retained earnings-47.7-76.6-77.2-78.5-77.9-77.8-79.3-59-61.6-62.3
Shareholders' equity-14-39-40-41.2-40.7-40.6-42.1-21.8-24.4-25.1
Minority interests-8.59
Total equity-22.6-39-40-41.2-40.7-40.6-42.1-21.8-24.4-25.1
Total liabilities and equity0.630.320.310.331.311.4621.851.532.51
Shares outstanding1491500.150.160.160.164.954.954.954.95

Cash flow statement

FY2013FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income1.22-2.05-1.11-1.230.530.13-1.520.3-2.7-0.7
Depreciation and amortization0.05000000000
Stock-based compensation0.0400000
Change in receivables0.14-0.02-0.20.150.04-0-0.34
Change in inventory-0.09-0.02-0.31-0.21-0.2800.08-0.4
Change in payables-0.050.36-0.10.010.260.580.4-1.190.13-0.26
Cash from operations0.47-0.21-0.21-0.120.460.340.16-0.07-0.05-1.34
Capital expenditures-0.02-0-0.01
Cash from investing-0.02-0-0.010.02
Cash from financing-0.470.210.20.12-0.34-0.44-0.150.060.031.35
Net change in cash-0.010.01-0.01-00.11-0.10.01-0.020.01
Free cash flow0.450.34-0.08
Interest paid0.1

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 $0.02 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin46.9%Gross profit / revenue.
Operating margin6.3%Operating income / revenue.
EBITDA margin6.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin44.1%Pre-tax income / revenue.
Net margin44.1%Net income / revenue.
Operating cash flow margin-12.1%Cash from operations / revenue.
Return on assets (ROA)81.8%Net income / average total assets.
SG&A / revenue30.0%Selling, general and administrative expense / revenue.
D&A / revenue0.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y141.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y22.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y12.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y83.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y14.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y13.0%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y64.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y7.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y13.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.0%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-2.9%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.10xCurrent assets / current liabilities.
Quick ratio0.03x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Liabilities / assets983.2%Total liabilities / total assets.
Interest coverage0.36xOperating income / interest expense.
Working capital-$20.3MCurrent assets - current liabilities.
Tangible book value-$23.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.86xRevenue / average total assets.
Fixed asset turnover1,394xRevenue / average property, plant and equipment.
Inventory turnover2.48xCost of revenue / average inventory.
Days inventory147 days365 x average inventory / cost of revenue.
Receivables turnover10.1xRevenue / average receivables.
Days sales outstanding36 days365 x average receivables / revenue.
Days payables18 days365 x average accounts payable / cost of revenue.
Cash conversion cycle165 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted$0.43Net 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$0.98Revenue / diluted weighted shares.
Operating cash flow per share-$0.12Cash from operations / diluted weighted shares.
Book value per share-$4.65Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$4.65Tangible book value / shares outstanding.
Cash per share$0.03(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$122.6KShare price x shares outstanding.
Enterprise value-$35.5KMarket cap + total debt - cash - short-term investments.
P/E0.06xMarket cap / net income. Only when net income is positive.
P/S0.03xMarket cap / revenue.
Earnings yield1,736.0%Net income / market cap (the inverse of P/E).
What was CIRTRAN CORP's revenue in fiscal 2025?

CIRTRAN CORP reported revenue of $3.1M for fiscal 2025, 141.1% higher than the year before.

Was CIRTRAN CORP profitable in fiscal 2025?

No. It reported a net loss of $701.6K.

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.

Open interactive statements, quarterly figures and charts

Back to CIRTRAN CORP