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Financial statements

Planet Green Holdings Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Planet Green Holdings 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue79.75.116.831.113.6437.844.817.74.693.04
Cost of revenue69.25.466.520.462.3733.940.416.14.142.94
Gross profit10.5-0.350.30.641.273.854.351.580.550.1
Research and development0.810.40.050.060.07
Selling and marketing6.130.430.010.040.162.052.170.10.020.03
General and administrative40.840.60.870.93.97.227.0683.0617.6
Operating expenses46.9410.890.944.0610.19.638.153.1417.7
Operating income-36.4-41.4-0.58-0.3-2.79-6.24-5.27-6.56-2.58-17.6
Interest expense4.574.0800.010.020.280.630.010.070.16
Interest income0.05000000.01000
Other non-operating income-48.9-5.840.44-5.01-8.41-3.7-9.99-11.60.01-0.14
Pre-tax income-85.3-47.2-0.158.54-11.2-9.93-15.3-18.2-2.57-17.8
Income tax1.90.160.160.061.480.040.01
Income from continuing operations-47.4-0.318.54-11.5-9.74-16.7-18.2-2.57-17.8
Net income to minority interests0.3915.13.76-0.25-0.13
Net income-136-78.316.82.95-11.1-9.99-25.8-20.8-7.33-27
EBITDA-34.5-39.5-0.52-0.1-2.51-4.02-3.97-4.72-1.95-16.9
EPS, basic-3.56-41.306.910.43-1.09-0.39-0.43-0.29
EPS, diluted-3.55-5.616.91-0.81-1.09-0.39-0.43-0.29
Shares, basic (weighted)38.31.532.986.910.124.859.57.287.288.06
Shares, diluted (weighted)38.31.532.986.910.124.859.57.287.288.06

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.430.090.027.273.420.750.090.270.050.02
Short-term investments0
Receivables3.250.736.530.070.843.8232.980.060.13
Inventory11.810.601.942.257.824.151.420.850.6
Other current assets0.580.980.480
Total current assets66.816.91518.213.527.313.822.414.97.87
Property, plant and equipment51.936.71.374.154.62322.612.34.964.78
Lease right-of-use assets00.580
Goodwill2.3418.24.724.724.720.01
Intangible assets12.613.201.531.524.23.070.980.820.71
Long-term investments3.1416.52.261.62
Other non-current assets0
Total assets14868.517.225.9228660.742.625.411.3
Accounts payable5.514.150.580.771.36.243.533.021.851.52
Deferred revenue2.460.370.15
Short-term debt28.930.503.81
Total current liabilities8279.39.924.793.6334.419.623.213.313.5
Long-term debt0
Total liabilities82.279.39.925.163.6634.820.123.213.713.5
Total debt28.930.500.030.380.293.810.41
Paid-in capital57.957.974.785.895.7133156156156170
Retained earnings-36.4-99.6-79-73.3-84.3-94.1-120-141-148-175
Other comprehensive income12.213.69.798.26.977.714.694.393.972.66
Shareholders' equity58.8-10.87.2920.718.340.619.411.7
Minority interests7.33-7.75-1.024.35-0
Total equity66.1-10.87.2920.718.351.340.619.411.7-2.17
Total liabilities and equity14868.517.225.9228660.742.625.411.3
Shares outstanding38.31.535.57.8811.835.672.17.287.2814.2

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-136-78.316.82.95-11.1-9.99-25.9-20.8-7.33-27
Depreciation and amortization1.931.850.060.20.282.211.311.850.630.79
Stock-based compensation0.0101.761.1614.4
Change in receivables-0.05-0.17
Change in inventory-5.162.010.02-0.43-0.3-1.331.740.540.15
Change in payables0.511.36-0.36-0.09-0.030.2
Cash from operations-29.8-0.36-14.2-5.42-3.5-0.52-9.01-5.280.81-1.79
Capital expenditures0-0.31-0.49-0.58-0.7-1.39-0.03-0-0
Acquisitions0.480.25
Purchases of investments-3.1
Cash from investing8.910.75-0.49-0.52-0.85-11.8-3.852.470-0
Debt issued2.084.6
Stock issued015.512.33.0210.911.1
Cash from financing3.04-0.7515.513.20.248.9310.82.89-0.841.74
Exchange rate effect1.120.020.13-0.010.261.121.360.07-0-0.01
Net change in cash-17.8-0.360.847.27-4.11-3.4-2.030.08-0.03-0.05
Free cash flow-29.8-0.67-14.6-6-4.19-1.91-5.310.81-1.79
Interest paid1.141.160.010.020.650.630.50.070.16
Income taxes paid3.410.560

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 $0.68 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin9.3%Gross profit / revenue.
Operating margin-185.5%Operating income / revenue.
EBITDA margin-176.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-183.7%Pre-tax income / revenue.
Net margin-278.2%Net income / revenue.
Operating cash flow margin-2.5%Cash from operations / revenue.
Return on assets (ROA)-430.4%Net income / average total assets.
R&D / revenue0.5%Research and development expense / revenue.
D&A / revenue9.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-35.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-59.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-3.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-81.8%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-71.5%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-39.7%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-320.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-321.0%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-55.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-42.8%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-12.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y10.7%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-48.6%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-4.4%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 ratio0.30xCurrent assets / current liabilities.
Quick ratio0.07x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Liabilities / assets144.8%Total liabilities / total assets.
Interest coverage-119xOperating income / interest expense.
Working capital-$6.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets11.6%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.55xRevenue / average total assets.
Inventory turnover5.14xCost of revenue / average inventory.
Days inventory71 days365 x average inventory / cost of revenue.
Receivables turnover38.9xRevenue / average receivables.
Days sales outstanding9 days365 x average receivables / revenue.
Days payables437 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-356 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.83Net 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$0.66Revenue / diluted weighted shares.
Operating cash flow per share-$0.02Cash from operations / diluted weighted shares.
Cash per share$0.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$9.7MShare price x shares outstanding.
Enterprise value$9.3MMarket cap + total debt - cash - short-term investments.
P/S1.04xMarket cap / revenue.
EV/Sales1.00xEnterprise value / revenue.
Earnings yield-268.6%Net income / market cap (the inverse of P/E).
What was Planet Green Holdings Corp.'s revenue in fiscal 2025?

Planet Green Holdings Corp. reported revenue of $3.0M for fiscal 2025, 35.2% lower than the year before.

Was Planet Green Holdings Corp. profitable in fiscal 2025?

No. It reported a net loss of $27.0M.

How much free cash flow did Planet Green Holdings Corp. generate in fiscal 2025?

Cash from operations of $1.8M minus capital expenditures of $4.8K left free cash flow of -$1.8M.

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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