CHEETAH NET SUPPLY CHAIN SERVICE INC. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data CHEETAH NET SUPPLY CHAIN SERVICE 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

	FY2023	FY2023	FY2024	FY2025
Revenue	55.2	38.3	0.46	1.29
Cost of revenue	50.7	34.1	0.28	1.12
Gross profit	4.47	4.25	0.18	0.17
General and administrative	1.43	2.19	3.64	3.63
Operating expenses	2.33	2.19	3.92	4.75
Operating income	2.14	-2.19	-3.74	-4.58
Interest expense	2.44	1.24	0.04	0.03
Interest income		0.01	0.32	0.92
Other non-operating income	-1.09	-0.01	0.29	0.95
Pre-tax income	1.05	-2.2	-3.45	-3.63
Income tax	0.23	-0.49	-0.22	0.02
Income from continuing operations		-1.71	-3.23	-3.65
Net income	0.82	0.13	-5.19	-3.65
EBITDA		-2.19	-3.71	-4.54
EPS, basic	0.60	0.12	-2.65	-1.12
EPS, diluted	0.60	0.12	-2.65	-1.12
Shares, basic (weighted)	1.32	1.07	1.96	3.26
Shares, diluted (weighted)	1.32	1.07	1.96	3.26

Balance sheet

	FY2023	FY2023	FY2024	FY2025
Cash and equivalents	0.06	0.43	1.65	0.23
Receivables	7.09	6.49	0.05	0.01
Inventory	5.97	1.52
Other current assets	0.48	0.29	0.34	0.24
Total current assets	14.5	9.82	11	9.07
Property, plant and equipment			0.4	0.36
Lease right-of-use assets	0.14	0.19	1.84	1.17
Goodwill			1.04	0.48
Intangible assets			1.06	0.79
Total assets	14.7	10.1	15.4	11.9
Accounts payable	0.09	0.04	0.02	0.03
Accrued liabilities	0.24
Short-term debt	0.03	0.03	0.03	0.04
Total current liabilities	12.2	2.36	0.88	1.35
Long-term debt	0.68	0.64	0.61	0.57
Lease liabilities		0.15	1.27	0.58
Total liabilities	12.9	3.15	2.76	2.5
Total debt	0.71	0.68	0.64	0.61
Paid-in capital	3.27	7	17.3	17.7
Retained earnings	0.37	0.51	-4.68	-8.33
Shareholders' equity	1.85	6.9	12.6	9.36
Total equity	1.85	6.9	12.6	9.36
Total liabilities and equity	14.7	10.1	15.4	11.9
Shares outstanding	1.39	1.12	3.22	0.02

Cash flow statement

	FY2023	FY2023	FY2024	FY2025
Net income	0.82	0.13	-5.19	-3.65
Depreciation and amortization		0	0.03	0.04
Stock-based compensation			0.28	0.39
Deferred income tax	0.16	0.04	-0.22
Change in receivables	-7.07	0.59	0.04	0.04
Change in inventory	10.5	4.45
Cash from operations	2.19	5.61	0.24	-0
Capital expenditures			-0.37
Acquisitions			-0.35
Cash from investing		-0.67	-6.13	-1.34
Cash from financing	-2.63	-4.56	7.11	-0.07
Net change in cash	-0.44	0.37	1.22	-1.42
Free cash flow			-0.12
Interest paid	0.84	0.26	0.06	0.03
Income taxes paid	0.05	0.07	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 $0.03 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	8.1%	Gross profit / revenue.
Operating margin	-316.6%	Operating income / revenue.
EBITDA margin	-314.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-206.6%	Pre-tax income / revenue.
Net margin	-206.8%	Net income / revenue.
Operating cash flow margin	-155.4%	Cash from operations / revenue.
Return on equity (ROE)	-3.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-3.5%	Net income / average total assets.
Return on invested capital (ROIC)	-4.5%	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%.
Stock-based pay / revenue	27.5%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	2.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	182.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-71.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y	-6.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-66.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-100.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-25.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	71.8%	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	-22.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-7.0%	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	66.9%	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	35.3%	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	47.5x	Current assets / current liabilities.
Quick ratio	1.81x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.35x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.7%	Total debt / total assets.
Liabilities / assets	2.7%	Total liabilities / total assets.
Net debt	-$1.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	-145x	Operating income / interest expense.
Working capital	$74.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	3.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$77.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.02x	Revenue / average total assets.
Fixed asset turnover	4.57x	Revenue / average property, plant and equipment.
Receivables turnover	1.93x	Revenue / average receivables.
Days sales outstanding	189 days	365 x average receivables / revenue.
Days payables	206 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.53	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	$0.74	Revenue / diluted weighted shares.
Operating cash flow per share	-$1.15	Cash from operations / diluted weighted shares.
Book value per share	$25.42	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$24.42	Tangible book value / shares outstanding.
Cash per share	$0.68	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$99.5K	Share price x shares outstanding.
Enterprise value	-$1.5M	Market cap + total debt - cash - short-term investments.
P/S	0.07x	Market cap / revenue.
P/B	0.00x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.00x	Market cap / tangible book value, when positive.
Earnings yield	-2,943.0%	Net income / market cap (the inverse of P/E).

What was CHEETAH NET SUPPLY CHAIN SERVICE INC.'s revenue in fiscal 2025?

CHEETAH NET SUPPLY CHAIN SERVICE INC. reported revenue of $1.3M for fiscal 2025, 182.7% higher than the year before.

Was CHEETAH NET SUPPLY CHAIN SERVICE INC. profitable in fiscal 2025?

No. It reported a net loss of $3.6M.

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.

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