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Financial statements

CleanCore Solutions, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data CleanCore Solutions, 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

FY2024FY2025
Revenue1.62.07
Cost of revenue0.811.09
Gross profit0.80.99
General and administrative2.477.08
Operating income-1.95-6.39
Interest expense0.340.36
Net income-2.28-6.74
EBITDA-1.79-6.18

Balance sheet

FY2024FY2025
Cash and equivalents2.021.46
Receivables0.470.66
Inventory0.671.35
Other current assets0.060.23
Total current assets3.213.82
Property, plant and equipment0.010.03
Lease right-of-use assets0.520.39
Goodwill2.242.24
Intangible assets1.491.97
Other non-current assets0.010.01
Total assets7.488.47
Accounts payable0.180.91
Deferred revenue0.01
Total current liabilities1.512.85
Long-term debt1.823.88
Lease liabilities0.420.27
Total liabilities3.747
Paid-in capital1115.5
Retained earnings-7.3-14
Other comprehensive income0.02
Shareholders' equity3.741.47
Total equity3.741.47
Total liabilities and equity7.488.47

Cash flow statement

FY2024FY2025
Net income-2.28-6.74
Depreciation and amortization0.160.2
Stock-based compensation0.673.2
Change in receivables-0.27-0.14
Change in inventory-0-0.33
Change in payables-0.050.61
Cash from operations-1.55-2.34
Capital expenditures-0.01-0.03
Purchases of investments-0.58
Cash from investing-0.01-0.61
Debt issued0.5
Stock issued4.23
Cash from financing3.182.37
Exchange rate effect0.02
Net change in cash1.62-0.56
Free cash flow-1.56-2.37
Interest paid0.440.05

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 $0.13 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin37.3%Gross profit / revenue.
Operating margin-1,520.0%Operating income / revenue.
EBITDA margin-1,511.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-4,665.0%Net income / revenue.
FCF margin-439.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-437.5%Cash from operations / revenue.
Return on equity (ROE)-263.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-236.0%Net income / average total assets.
Return on invested capital (ROIC)-72.7%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 / revenue329.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.6%Capital expenditures / revenue.
D&A / revenue8.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y29.2%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y24.0%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-60.8%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y13.2%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.94xCurrent assets / current liabilities.
Quick ratio0.64x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.59x(Cash + short-term investments) / current liabilities.
Liabilities / assets10.5%Total liabilities / total assets.
Interest coverage-286xOperating income / interest expense.
Working capital$13.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets6.0%(Goodwill + intangible assets) / total assets.
Tangible book value$56.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.05xRevenue / average total assets.
Fixed asset turnover54.7xRevenue / average property, plant and equipment.
Inventory turnover2.74xCost of revenue / average inventory.
Days inventory133 days365 x average inventory / cost of revenue.
Receivables turnover9.37xRevenue / average receivables.
Days sales outstanding39 days365 x average receivables / revenue.
Days payables56 days365 x average accounts payable / cost of revenue.
Cash conversion cycle116 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.74Net 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$0.02Revenue / diluted weighted shares.
FCF per share-$0.07Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.07Cash from operations / diluted weighted shares.
Book value per share$0.28Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.26Tangible book value / shares outstanding.
Cash per share$0.02(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$29.4MShare price x shares outstanding.
Enterprise value$25.3MMarket cap + total debt - cash - short-term investments.
P/S8.62xMarket cap / revenue.
P/B0.49xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.52xMarket cap / tangible book value, when positive.
EV/Sales7.43xEnterprise value / revenue.
FCF yield-50.9%Free cash flow / market cap.
Earnings yield-541.2%Net income / market cap (the inverse of P/E).
What was CleanCore Solutions, Inc.'s revenue in fiscal 2025?

CleanCore Solutions, Inc. reported revenue of $2.1M for fiscal 2025, 29.2% higher than the year before.

Was CleanCore Solutions, Inc. profitable in fiscal 2025?

No. It reported a net loss of $6.7M.

How much free cash flow did CleanCore Solutions, Inc. generate in fiscal 2025?

Cash from operations of $2.3M minus capital expenditures of $32.4K left free cash flow of -$2.4M.

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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