Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Smart Powerr 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
4.48
6.49
0.87
0.26
Cost of revenue
0.07
0.15
Gross profit
4.41
6.49
0.12
Research and development
1
0.65
0.2
General and administrative
4.53
5.55
5.55
2.47
0.2
0.84
1.6
0.8
1.09
3.13
Operating expenses
61.9
7.29
66.2
9.97
-5.83
0.81
3.88
0.8
1.09
3.13
Operating income
-45.9
5.81
-58
-9.11
5.83
-0.81
-3.88
-0.8
-1.09
-3.02
Interest expense
7.18
5.56
8.74
2.1
1.46
3.11
0.23
0.44
0.48
0.42
Interest income
0.13
0.14
0.15
0.16
0.19
0.41
0.43
0.25
0.13
0.11
Other non-operating income
-9.71
-5.44
-8.58
-2.69
-1.78
-11.5
-0.51
0.15
-0.45
0.16
Pre-tax income
-55.6
0.37
-66.6
-11.8
4.05
-12.3
-4.39
-0.65
-1.55
-2.86
Income tax
-6.93
8.04
2.63
-3.02
-0.05
0.07
0.1
0.01
0.04
Net income to minority interests
-0.35
-0.33
-3.2
Net income
-48.3
-7.34
-66
-8.77
4.05
-12.2
-4.46
-0.75
-1.56
-2.9
EBITDA
-45.9
5.81
-58
-0.81
-3.88
-0.8
-1.09
EPS, basic
-58.12
-8.80
-76.22
-5.61
1.58
-2.18
-0.61
-0.10
-0.18
-0.19
EPS, diluted
-58.12
-8.80
-76.22
-5.61
1.58
-2.18
-0.61
-0.10
-0.18
-0.19
Shares, basic (weighted)
0.83
0.83
0.87
1.56
2.56
5.61
7.33
7.78
8.56
15.2
Shares, diluted (weighted)
0.83
0.83
0.87
1.56
2.56
5.61
7.33
7.78
8.56
15.2
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
47.8
49.8
53.2
16.2
108
152
139
0.03
0.03
0.04
Short-term investments
68.8
Receivables
0.98
0
42.1
0.31
Other current assets
0.68
0.74
0.03
0.05
0.06
0.03
0.03
Total current assets
74.3
89.7
75.9
64.6
108
153
139
136
121
157
Property, plant and equipment
0.01
0.01
27.5
27
0.01
0.01
0
0
0
0
Lease right-of-use assets
0.05
0.13
0.12
0.06
Intangible assets
0
0.75
Long-term investments
0.64
0.51
0.48
Total assets
211
232
171
124
137
153
139
136
121
158
Accounts payable
1.51
3.23
5.59
2.2
0.08
0.08
0.07
0.07
0.07
0.12
Accrued liabilities
0.26
0
0.07
0.02
Deferred revenue
0.11
Short-term debt
0.07
Total current liabilities
54
66.3
76.7
36.3
39
23.9
24.4
23.9
13.1
11.1
Long-term debt
0.43
Lease liabilities
0.06
0.06
Total liabilities
57.2
76.5
88.3
45.2
45
28.5
28.3
27.2
16.5
14.5
Total debt
48.4
20.8
22.2
Paid-in capital
112
112
114
117
120
162
164
165
166
202
Retained earnings
-46.4
-43
-55.3
-59.7
-60.5
-62.1
-65
Other comprehensive income
-8.42
0.86
-4.62
-6.13
0.27
3.32
-8.32
-10.3
-14.4
-8.73
Shareholders' equity
154
156
86.7
78.6
92.2
125
111
109
105
143
Minority interests
-0.13
-0.48
-3.54
Total equity
153
155
83.2
78.6
92.2
125
111
109
105
143
Total liabilities and equity
211
232
171
124
137
153
139
136
121
158
Shares outstanding
0.83
0.83
1.03
2.03
3.18
7.04
7.39
7.96
7.39
21
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-48.6
-7.67
-69.2
8.77
4.05
-12.2
-4.46
-0.75
-1.56
-2.9
Depreciation and amortization
0
0
0
0
0
0
0
Stock-based compensation
0
0.01
0
0.15
0.01
0.22
0.83
Deferred income tax
-8.83
-1.06
1.02
-3.02
Change in receivables
1.9
-2.41
-0.16
2.38
0.35
Change in payables
1.04
1.58
2.61
-2.84
-2.15
0
Cash from operations
39.5
-0.29
2.17
-14.6
82.2
-1.61
-0.35
-68.1
-10.8
66.9
Capital expenditures
-0
Cash from investing
1.11
0.01
-0
-69.1
11
-99.5
Debt repaid
-30.6
-0.74
Stock issued
2.69
3.31
0.5
37.6
32.1
Cash from financing
-31.6
-0.74
3.69
-21.8
3.5
42.6
32.1
Exchange rate effect
-3.05
3.1
-2.46
-0.54
5.84
-1.56
-0.27
0.44
Net change in cash
6
2.08
3.39
-37
91.6
44.2
-13.2
-139
-0.01
0.01
Free cash flow
82.2
Interest paid
9.86
0.01
Income taxes paid
1.23
1.82
1.16
0.22
0.21
0.07
0.11
0.03
0.04
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.16 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
46.4%
Gross profit / revenue.
Operating margin
-682.9%
Operating income / revenue.
Pre-tax margin
-709.1%
Pre-tax income / revenue.
Net margin
-731.8%
Net income / revenue.
Operating cash flow margin
615.4%
Cash from operations / revenue.
Return on equity (ROE)
-1.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.6%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Operating cash flow CAGR, 5y
-4.0%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
36.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
8.9%
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
9.2%
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
30.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
4.3%
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
2.8%
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
77.3%
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
27.4%
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
42.7%
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
18.5x
Current assets / current liabilities.
Quick ratio
18.5x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
18.5x
(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
$0.02
Revenue / diluted weighted shares.
Operating cash flow per share
$0.10
Cash from operations / diluted weighted shares.
Book value per share
$6.43
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
10.5x
Market cap / revenue.
P/B
0.02x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.02x
Market cap / tangible book value, when positive.
P/OCF
1.70x
Market cap / cash from operations, when positive.
Earnings yield
-69.8%
Net income / market cap (the inverse of P/E).
What was Smart Powerr Corp.'s revenue in fiscal 2025?
Smart Powerr Corp. reported revenue of $262.5K for fiscal 2025.
Was Smart Powerr Corp. profitable in fiscal 2025?
No. It reported a net loss of $2.9M.
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.