Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ORIGINCLEAR, 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Revenue
5.07
3.36
4.64
3.59
4.1
4.14
10.4
6.71
4.41
6.82
Cost of revenue
3.59
2.71
3.48
3.22
3.49
3.57
8.88
6.08
2.9
5.2
Gross profit
1.48
0.65
1.15
0.37
0.61
0.57
1.5
0.63
1.5
1.62
Research and development
0.5
0.2
0.29
0.11
0.11
Selling and marketing
1.85
2.5
1.82
1.57
1.56
2.84
2.73
2.56
2.73
1.34
General and administrative
2.67
2.51
3.05
2.56
3.6
3.61
4.46
4.68
4.97
3.6
Operating expenses
5.07
5.94
5.22
4.28
5.32
6.62
8.08
7.25
7.7
4.94
Operating income
-3.59
-5.29
-4.06
-3.91
-4.71
-6.05
-6.58
-6.62
-6.2
-3.32
Interest expense
0.84
0.73
1.65
0.73
1.27
1.23
0.95
1.98
2.73
1.34
Other non-operating income
-0.56
0.06
-7.28
-23.6
18
3.93
-4.21
-5
-11.8
-10.7
Pre-tax income
1.66
2.09
2.39
-5.76
2.78
0.44
2.27
-2.44
-3.74
-2.85
Net income to minority interests
13.3
-2.12
-0.79
4.76
Net income
-4.15
-5.23
-11.3
-27.5
13.3
-2.12
-10.8
-11.6
-18.2
-18.3
EBITDA
-3.54
-5.24
-4.01
-3.86
-4.66
-6
-6.54
-6.59
-6.11
-3.3
EPS, basic
-0.03
-0.10
-50.93
-12.66
0.64
-0.02
-0.02
-0.01
-0.01
EPS, diluted
-0.03
-0.10
-50.93
-12.66
0.04
-0.02
-0.02
-0.01
-0.01
Shares, basic (weighted)
12.5
53.3
0.22
2.17
20.7
181
679
1,286
1,576
12,124
Shares, diluted (weighted)
12.5
53.3
0.22
2.17
312
181
679
1,286
1,576
12,124
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
0.35
0.44
0.61
0.49
0.42
0.71
1.35
0.49
0.37
0.83
Short-term investments
0.2
0.03
0.04
0
Receivables
0.38
0.49
0.31
0.52
0.44
2.15
2.48
3.9
Inventory
0.01
0.01
Other current assets
0.04
0.09
0.11
0.03
0.15
0.38
1.48
0
Total current assets
0.91
1.18
1.17
1.21
1.06
3.45
5.37
2.49
4.33
5.18
Property, plant and equipment
0.16
0.15
0.15
0.12
0.26
0.21
0.18
0.15
0.06
0.07
Lease right-of-use assets
0.58
0.48
Goodwill
0.68
Long-term investments
0.02
0.01
0.01
0.02
0
0
0
Other non-current assets
0.02
0.02
0.5
Total assets
1.78
1.36
1.36
1.34
1.33
4.2
6.35
3.14
4.99
5.75
Accounts payable
1.69
Accrued liabilities
0.72
0.93
1.15
1.16
1.54
1.53
1.63
2.88
5.3
2.33
Deferred revenue
0.02
1.89
0.93
1.35
3.47
4.93
Short-term debt
0.01
0
Total current liabilities
12
8.37
14.1
39.8
22.8
16.3
19.6
34.7
49.8
24.2
Long-term debt
0
0.07
Lease liabilities
0.5
0.48
Total liabilities
13.6
11.2
16.2
43.7
24.6
16.3
21.5
34.9
52.3
26.7
Total debt
2.81
0.07
3.43
3.12
2.02
2.62
Paid-in capital
51.4
58.6
63.2
62.7
64.3
75.7
82.7
81.9
85.4
124
Retained earnings
-63.2
-68.5
-79.8
-107
-94
-98.2
-109
-119
-137
-156
Other comprehensive income
-0
-0
-0
-0
-0
-0
-0
-0
-0
Shareholders' equity
-11.8
-9.83
-16.6
-42.4
-29.6
-22.3
-26
Minority interests
-2.24
-3.03
1.73
Total equity
-11.8
-9.83
-16.6
-44.6
-29.6
-22.3
-26
-39.3
-54.9
-28.4
Total liabilities and equity
1.78
1.36
1.36
1.34
1.33
4.2
6.35
3.14
4.99
5.75
Shares outstanding
21.4
113
0.88
4.85
65.1
307
1,013
1,400
1,672
15,623
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2024
FY2024
FY2025
Net income
-4.15
-5.23
-11.3
-27.5
13.3
-2.12
-10.8
-11.6
-19
-13.6
Depreciation and amortization
0.05
0.05
0.06
0.04
0.05
0.04
0.04
0.03
0.08
0.02
Stock-based compensation
0.53
0.09
0.05
0.11
0.17
Deferred income tax
0.02
Change in inventory
-0.01
-0
0.08
-0.12
-0
0
Change in payables
0.31
0.47
0.12
0.17
0.08
0.16
2.35
-1.78
0.03
-0.05
Cash from operations
-1.6
-1.77
-3.45
-3.22
-3.98
-4.84
-4.65
-5.51
-3.75
-3.59
Capital expenditures
-0.01
-0.04
-0.02
-0.01
Purchases of investments
-0.1
-0.03
Cash from investing
-0.01
-0.04
-0.2
-0.01
-0.01
-0.02
-1.16
-3.75
-2.29
-0.04
Debt issued
0.51
0.06
Debt repaid
-0
-0
Stock issued
1.65
2.25
3.33
2.37
5.19
-0.01
1.34
1.56
Dividends paid
0.03
Cash from financing
1.27
1.9
3.82
3.11
3.92
5.15
6.46
8.39
5.92
4.08
Exchange rate effect
-0
-0
Net change in cash
-0.34
0.09
0.17
-0.12
-0.07
0.29
0.65
-0.87
-0.12
0.46
Free cash flow
-1.61
-1.81
-3.47
-3.23
Interest paid
0
0
0.16
0.06
0.02
0.83
0.95
0.04
0.06
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 $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
22.5%
Gross profit / revenue.
Operating margin
-39.0%
Operating income / revenue.
Net margin
-269.0%
Net income / revenue.
Operating cash flow margin
-25.0%
Cash from operations / revenue.
Return on assets (ROA)
-393.8%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
54.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-13.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
10.7%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
7.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
2.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
21.5%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
15.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-3.3%
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
34.0%
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
669.1%
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
161.4%
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
107.9%
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
0.17x
Current assets / current liabilities.
Quick ratio
0.15x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.13x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
543.6%
Total liabilities / total assets.
Interest coverage
-4.40x
Operating income / interest expense.
Working capital
-$22.0M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
1.46x
Revenue / average total assets.
Fixed asset turnover
116x
Revenue / average property, plant and equipment.
Receivables turnover
9.75x
Revenue / average receivables.
Days sales outstanding
37 days
365 x average receivables / revenue.
Days payables
115 days
365 x average accounts payable / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.00
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.
Market cap + total debt - cash - short-term investments.
P/S
1.09x
Market cap / revenue.
EV/Sales
0.65x
Enterprise value / revenue.
Earnings yield
-245.9%
Net income / market cap (the inverse of P/E).
What was ORIGINCLEAR, INC.'s revenue in fiscal 2025?
ORIGINCLEAR, INC. reported revenue of $6.8M for fiscal 2025, 54.7% higher than the year before.
Was ORIGINCLEAR, INC. profitable in fiscal 2025?
No. It reported a net loss of $18.3M.
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.