Alternus Clean Financials
Alternus Clean (ACLEW) reported $0 in revenue for fiscal year 2025, down 100.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 looks like a balance-sheet repair year, but cash liquidity remained far weaker than the reported cleanup.
Between FY2024 and FY2025, equity flipped positive from-$33.9M to$3.4M , reversing a deeply deficit capital base. Yet operating cash flow remained-$2.5M and cash ended at only$32K , which implies the cleaner balance sheet came mostly from non-cash changes rather than fresh operating strength.
Earnings quality has been unstable across periods: FY2023 generated
Near-term obligations still dominate the story: FY2025 current assets were just
Financial Health Signals
Alternus Clean does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Alternus Clean passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Alternus Clean reported a net loss of $6.5M while operations used $2.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Alternus Clean earns $1.63 in operating income for every $1 of interest expense ($6.9M vs $4.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Alternus Clean generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Alternus Clean's EBITDA was $7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 146.4% from the prior year.
Alternus Clean reported -$6.5M in net income in fiscal year 2025. This represents a decrease of 130.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Alternus Clean recorded an outflow of $2.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 47.2% from the prior year.
Alternus Clean held $32K in cash against $0 in long-term debt as of fiscal year 2025, with $34.0M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Alternus Clean's ROE was -189.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Alternus Clean reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ACLEW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | N/A | $0-100.0% | $311K-97.2% | $11.2M-34.5% | $17.1M |
| Cost of Revenue | N/A | $0-100.0% | $364K-72.0% | $1.3M | N/A |
| Gross Profit | N/A | $0+100.0% | -$53K-100.5% | $9.9M | N/A |
| R&D Expenses | N/A | N/A | $748K+107.8% | $360K-96.8% | $11.4M |
| SG&A Expenses | N/A | $8.1M-32.7% | $12.0M+142.9% | $4.9M-13.7% | $5.7M |
| Operating Income | N/A | $6.9M+142.2% | -$16.3M-58.0% | -$10.3M-25.6% | -$8.2M |
| Interest Expense | N/A | $4.2M-52.2% | $8.8M-52.7% | $18.6M+81.0% | $10.3M |
| Income Tax | N/A | $0-100.0% | $590K+3833.3% | $15K-97.7% | $648K |
| Net Income | N/A | -$6.5M-130.8% | $21.1M+130.3% | -$69.5M-276.5% | -$18.4M |
| EPS (Diluted) | — | N/A | $5.97+124.9% | -$24.02 | -$0.32 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACLEW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $57.0M+638.2% | $7.7M-95.8% | $185.3M+3.9% | $178.3M |
| Current Assets | $44K-93.1% | $639K-99.6% | $158.9M+1239.5% | $11.9M |
| Cash & Equivalents | $32K-80.1% | $161K-96.0% | $4.0M+473.3% | $705K |
| Accounts Receivable | N/A | N/A | $3K-99.9% | $3.3M |
| Goodwill | $19.0M+7768.9% | $241K | N/A | N/A |
| Total Liabilities | $53.6M+28.8% | $41.6M-83.3% | $248.5M+37.4% | $180.9M |
| Current Liabilities | $34.0M-14.0% | $39.6M-84.0% | $247.4M+2313.1% | $10.3M |
| Long-Term Debt | $0-100.0% | $1.6M-95.0% | $32.3M | N/A |
| Total Equity | $3.4M+110.1% | -$33.9M+46.4% | -$63.3M-2349.8% | -$2.6M |
| Retained Earnings | -$73.6M-9.7% | -$67.1M+23.9% | -$88.2M-370.5% | -$18.7M |
Not reported in any period shown, so not listed: Inventory.
ACLEW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M | -$2.5M+22.9% | -$3.2M-206.0% | $3.0M+867.2% | -$396K |
| Capital Expenditures | N/A | $0-100.0% | $1.5M-67.5% | $4.6M+296.5% | $1.2M |
| Free Cash Flow | N/A | -$2.5M+47.2% | -$4.7M-206.2% | -$1.5M+0.8% | -$1.6M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | -$233.4M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | $234.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ACLEW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | N/A | -17.0%-105.4pp | 88.4% | N/A |
| Operating Margin | N/A | -5229.3% | -91.9%-43.9pp | -48.0% |
| Net Margin | N/A | 6777.5% | -620.2% | -108.0% |
| Return on Equity | -189.0% | N/A | N/A | N/A |
| Return on Assets | -11.4%-284.1pp | 272.8%+310.3pp | -37.5%-27.1pp | -10.3% |
| Current Ratio | 0.000.0x | 0.02-0.6x | 0.64-0.5x | 1.16 |
| Debt-to-Equity | 0.00 | N/A | N/A | N/A |
| FCF Margin | N/A | -1513.5% | -13.7%-4.6pp | -9.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Alternus Clean Ranks
Frequently Asked Questions
What is Alternus Clean's annual revenue?
Alternus Clean (ACLEW) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alternus Clean's revenue growing?
Alternus Clean (ACLEW) revenue declined by 100.0% year-over-year, from $311K to $0 in fiscal year 2025.
Is Alternus Clean profitable?
No, Alternus Clean (ACLEW) reported a net income of -$6.5M in fiscal year 2025.
What is Alternus Clean's EBITDA?
Alternus Clean (ACLEW) had EBITDA of $7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alternus Clean have?
As of fiscal year 2025, Alternus Clean (ACLEW) had $32K in cash and equivalents against $0 in long-term debt.
What is Alternus Clean's return on equity (ROE)?
Alternus Clean (ACLEW) has a return on equity of -189.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alternus Clean's free cash flow?
Alternus Clean (ACLEW) recorded an outflow of $2.5M in free cash flow during fiscal year 2025. This represents a 47.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Alternus Clean's operating cash flow?
Alternus Clean (ACLEW) recorded an outflow of $2.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Alternus Clean's total assets?
Alternus Clean (ACLEW) had $57.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Alternus Clean's capital expenditures?
Alternus Clean (ACLEW) reported no capital expenditure during fiscal year 2025.
What is Alternus Clean's current ratio?
Alternus Clean (ACLEW) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Alternus Clean's debt-to-equity ratio?
Alternus Clean (ACLEW) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alternus Clean's return on assets (ROA)?
Alternus Clean (ACLEW) had a return on assets of -11.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alternus Clean's cash runway?
Based on fiscal year 2025 data, Alternus Clean (ACLEW) had $32K in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Alternus Clean's Piotroski F-Score?
Alternus Clean (ACLEW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alternus Clean's earnings high quality?
Alternus Clean (ACLEW) reported a net loss of $6.5M while operations used $2.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alternus Clean cover its interest payments?
Alternus Clean (ACLEW) has an interest coverage ratio of 1.63x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.