Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Karbon-X 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
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
0
0
0
0
0.01
0.41
3.16
55.9
Cost of revenue
0
0
0.36
2.36
55
Gross profit
0
0.01
0.06
0.8
0.86
General and administrative
0
0
0.01
Operating expenses
0.02
0.04
0.24
1.99
1.57
7.45
11.9
Operating income
-0.24
-1.98
-1.51
-6.65
-11.1
Interest expense
0
0.04
0.34
3.32
Other non-operating income
-0.04
-0.03
0
-0.01
0
0.01
-0.05
Pre-tax income
-0.02
-0.04
-0.03
-0.24
-1.99
-2.74
-7.05
-13.6
Income tax
0
0
0
0
0
Net income
-0.02
-0.04
-0.03
-0.23
-1.99
-2.74
-7.05
-13.6
EBITDA
-0.24
-1.98
-1.51
-6.64
-10.9
EPS, basic
0.00
0.00
0.00
-0.08
-0.16
EPS, diluted
0.00
0.00
0.00
-0.04
-0.08
-0.16
Shares, basic (weighted)
200
197
65
86.7
Shares, diluted (weighted)
200
197
65
65
77.2
83.6
86.7
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
0
0
0
0.48
0.21
2.68
0.7
1.16
Short-term investments
0
Receivables
0.01
0.05
0.12
0
0.63
Inventory
0.08
0.32
0.1
0.65
Other current assets
0
0.02
0
0.06
0
0
0.16
Total current assets
0
0
0.02
0.49
0.31
3.11
5.79
6.06
Property, plant and equipment
0
0.01
0.01
0.01
0.01
Lease right-of-use assets
0
0.07
0.32
0.5
0.42
Intangible assets
0
0.64
Other non-current assets
0.01
1.55
Total assets
0.67
2.52
3.97
6.78
9.62
Accounts payable
0
0.01
0
0.03
0.07
0.13
1.09
2.26
Accrued liabilities
0.02
0.02
0.15
Deferred revenue
0
3.86
3.79
Short-term debt
0
0.1
0.04
0
Total current liabilities
0.01
0.04
0.09
0.03
0.19
0.84
7.69
10.1
Long-term debt
0
0
4.88
Lease liabilities
0.08
0.06
0.3
0.46
0.37
Other non-current liabilities
0
0.46
Total liabilities
0.01
-0.03
0.02
0.03
0.25
1.14
8.15
15.6
Total debt
0
0
4.88
Paid-in capital
-0.2
-0.05
-0.05
0.79
2.64
7.68
10.6
19.3
Retained earnings
-0.02
-0.05
-0.08
-0.2
-2.19
-4.94
-12
-25.6
Other comprehensive income
-0.01
-0
0.01
-0.02
0.22
Shareholders' equity
-0.01
0.03
0
0.64
2.27
2.83
-1.37
-5.98
Total equity
-0.01
0.03
0
0.64
2.27
2.83
-1.37
-5.98
Total liabilities and equity
0
0
0.02
0.67
2.52
3.97
6.78
9.62
Shares outstanding
200
64.9
64.9
68.3
73.5
82.2
82
94.9
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
-0.02
-0.04
-0.03
-0.24
-1.99
-2.74
-7.05
-13.6
Depreciation and amortization
0
0
0
0
0.2
Stock-based compensation
0
0.63
0
0.63
1.26
Change in receivables
0.01
0
-0.11
0.12
-0.63
Change in inventory
0
-0.08
-0.24
0.22
-0.55
Change in payables
0
0
-0
0.03
0.04
0.03
0.33
1.16
Cash from operations
-0
-0.01
-0
-0.18
-1.49
-1.1
-6.5
-7.86
Capital expenditures
-0
-0.01
0
-0
-0
Cash from investing
0
0
0
-0.18
-0.75
-0.8
-0
-2.43
Debt issued
0
0.1
0
4.79
Stock issued
0.01
0
1.86
4.32
1.71
0.24
Share buybacks
-0
0
Cash from financing
0
0.02
0
0.86
1.96
4.36
4.56
10.5
Exchange rate effect
-0.01
-0.01
0.01
-0.03
0.24
Net change in cash
-0
0
-0
0.48
-0.27
2.47
-1.97
0.45
Free cash flow
-0.19
-1.49
-1.1
-6.5
-7.87
Interest paid
0
0
0
0
0
0
0
0.5
Income taxes paid
0
0
0
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $0.15 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
1.5%
Gross profit / revenue.
Operating margin
-19.8%
Operating income / revenue.
EBITDA margin
-19.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-24.3%
Pre-tax income / revenue.
Net margin
-24.3%
Net income / revenue.
FCF margin
-14.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-14.1%
Cash from operations / revenue.
Return on assets (ROA)
-165.8%
Net income / average total assets.
Stock-based pay / revenue
2.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
1,666.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
1,684.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
7.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
360.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
41.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
56.4%
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
3.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
6.0%
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
0.60x
Current assets / current liabilities.
Quick ratio
0.18x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.11x
(Cash + short-term investments) / current liabilities.
Debt / assets
50.7%
Total debt / total assets.
Liabilities / assets
162.2%
Total liabilities / total assets.
Net debt
$3.7M
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
-$0.16
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
-$0.16
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.64
Revenue / diluted weighted shares.
FCF per share
-$0.09
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.09
Cash from operations / diluted weighted shares.
Book value per share
-$0.06
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.27x
Market cap / revenue.
EV/Sales
0.33x
Enterprise value / revenue.
FCF yield
-53.0%
Free cash flow / market cap.
Earnings yield
-91.5%
Net income / market cap (the inverse of P/E).
What was Karbon-X Corp.'s revenue in fiscal 2026?
Karbon-X Corp. reported revenue of $55.9M for fiscal 2026, 1,665.6% higher than the year before.
Was Karbon-X Corp. profitable in fiscal 2026?
No. It reported a net loss of $13.6M.
How much free cash flow did Karbon-X Corp. generate in fiscal 2026?
Cash from operations of $7.9M minus capital expenditures of $4.3K left free cash flow of -$7.9M.
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.