ALTERNUS CLEAN ENGY A NEW Financials
This page shows ALTERNUS CLEAN ENGY A NEW (ALCED) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
ALTERNUS CLEAN ENGY A NEW has an operating margin of -5229.3%, meaning the company retains $-5229 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -91.9% the prior year.
ALTERNUS CLEAN ENGY A NEW's revenue declined 97.2% year-over-year, from $11.2M to $311K. This contraction results in a growth score of 0/100.
ALTERNUS CLEAN ENGY A NEW's current ratio of 0.02 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While ALTERNUS CLEAN ENGY A NEW generated -$3.2M in operating cash flow, capex of $1.5M consumed most of it, leaving -$4.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
ALTERNUS CLEAN ENGY A NEW passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, ALTERNUS CLEAN ENGY A NEW generates $-0.15 in operating cash flow (-$3.2M OCF vs $21.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
ALTERNUS CLEAN ENGY A NEW earns $-1.9 in operating income for every $1 of interest expense (-$16.3M vs $8.8M). 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 ENGY A NEW generated $311K in revenue in fiscal year 2024. This represents a decrease of 97.2% from the prior year.
ALTERNUS CLEAN ENGY A NEW's EBITDA was -$16.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 86.2% from the prior year.
ALTERNUS CLEAN ENGY A NEW reported $21.1M in net income in fiscal year 2024. This represents an increase of 130.3% from the prior year.
ALTERNUS CLEAN ENGY A NEW earned $5.97 per diluted share (EPS) in fiscal year 2024. This represents an increase of 124.9% from the prior year.
Cash & Balance Sheet
ALTERNUS CLEAN ENGY A NEW generated -$4.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 206.2% from the prior year.
ALTERNUS CLEAN ENGY A NEW held $161K in cash against $28.7M in long-term debt as of fiscal year 2024.
ALTERNUS CLEAN ENGY A NEW had 4M shares outstanding in fiscal year 2024. This represents an increase of 51.9% from the prior year.
Margins & Returns
ALTERNUS CLEAN ENGY A NEW's gross margin was -17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 105.4 percentage points from the prior year.
ALTERNUS CLEAN ENGY A NEW's operating margin was -5229.3% in fiscal year 2024, reflecting core business profitability. This is down 5137.4 percentage points from the prior year.
ALTERNUS CLEAN ENGY A NEW's net profit margin was 6777.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7397.7 percentage points from the prior year.
Capital Allocation
ALTERNUS CLEAN ENGY A NEW invested $748K in research and development in fiscal year 2024. This represents an increase of 107.8% from the prior year.
ALTERNUS CLEAN ENGY A NEW invested $1.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 67.5% from the prior year.
ALCED Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $31K-66.7% | $93K-1.1% | $94K+1.1% | $93K+19.2% | $78K-93.8% | $1.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $159K+960.0% | $15K | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | -$65K-183.3% | $78K | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | $741K | N/A | $7K | N/A | N/A |
| SG&A Expenses | $3.7M+147.6% | $1.5M-67.4% | $4.6M+200.0% | $1.5M-45.2% | $2.8M-10.5% | $3.1M+601.4% | $443K-49.2% | $872K |
| Operating Income | $8.2M+318.2% | $2.0M+124.6% | -$8.0M-251.8% | -$2.3M+21.6% | -$2.9M+6.8% | -$3.1M+73.2% | -$11.6M-3255.2% | -$346K |
| Interest Expense | $1.3M-42.9% | $2.2M+306.0% | -$1.1M-167.6% | $1.6M-61.7% | $4.1M-1.3% | $4.2M-53.5% | $8.9M+415.2% | $1.7M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | -$839K-477.9% | $222K |
| Net Income | $5.2M+3007.8% | -$180K-100.5% | $39.6M+880.4% | -$5.1M+25.8% | -$6.8M-3.9% | -$6.6M+86.3% | -$48.0M-228.7% | -$14.6M |
| EPS (Diluted) | $7.12 | $-0.02 | N/A | $-0.82+99.8% | $-516.90-20576.0% | $-2.50 | N/A | $-0.91 |
ALCED Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.8M-48.8% | $9.4M+21.4% | $7.7M-91.6% | $92.3M+6.5% | $86.6M+1.7% | $85.2M-54.0% | $185.3M+114.7% | $86.3M |
| Current Assets | $1.1M-73.6% | $4.3M+566.4% | $639K-98.9% | $58.7M+303.3% | $14.5M+3.2% | $14.1M-91.1% | $158.9M+84.1% | $86.3M |
| Cash & Equivalents | $10K-87.7% | $81K-49.7% | $161K-83.9% | $1.0M-8.1% | $1.1M-21.2% | $1.4M-65.8% | $4.0M+38.4% | $2.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | $21K-98.2% | $1.2M+136.4% | $500K+16566.7% | $3K | N/A |
| Goodwill | N/A | $241K0.0% | $241K | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $25.9M-36.3% | $40.7M-2.1% | $41.6M-76.2% | $175.0M+6.9% | $163.7M+4.9% | $156.1M-37.2% | $248.5M+124.2% | $110.8M |
| Current Liabilities | $25.9M-36.3% | $40.7M+2.9% | $39.6M-77.2% | $173.9M+7.1% | $162.3M+4.9% | $154.7M-37.5% | $247.4M+4914.0% | $4.9M |
| Long-Term Debt | N/A | N/A | $28.7M-14.4% | $33.5M-72.1% | $120.2M+1.2% | $118.8M+267.6% | $32.3M | N/A |
| Total Equity | -$21.1M+32.6% | -$31.4M+7.5% | -$33.9M+59.0% | -$82.7M-7.3% | -$77.1M-8.7% | -$70.9M-12.1% | -$63.3M-157.9% | -$24.5M |
| Retained Earnings | -$62.1M+7.8% | -$67.3M-0.3% | -$67.1M+37.1% | -$106.7M-5.0% | -$101.6M-7.2% | -$94.8M-7.5% | -$88.2M-1789.9% | -$4.7M |
ALCED Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-134.8% | -$552K+60.6% | -$1.4M-333.7% | $600K+256.3% | -$384K+81.1% | -$2.0M-138.4% | $5.3M+219.8% | -$4.4M |
| Capital Expenditures | N/A | N/A | -$19K | $0-100.0% | $18K-98.8% | $1.5M-40.3% | $2.5M+62325.0% | -$4K |
| Free Cash Flow | N/A | N/A | -$1.4M-336.8% | $600K+249.3% | -$402K+88.6% | -$3.5M-225.0% | $2.8M+163.5% | -$4.4M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.1M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $697K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
ALCED Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | -69.2%-153.0pp | 83.9% | N/A | N/A |
| Operating Margin | N/A | N/A | -25774.2%-23332.3pp | -2441.9%+638.9pp | -3080.8%+258.9pp | -3339.8%+11543.6pp | -14883.3%-14855.9pp | -27.4% |
| Net Margin | N/A | N/A | 127625.8%+133077.4pp | -5451.6%+1821.8pp | -7273.4%-199.2pp | -7074.2%+54418.1pp | -61492.3%-60335.1pp | -1157.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 108.9%+110.8pp | -1.9%-513.9pp | 512.0%+517.5pp | -5.5%+2.4pp | -7.9%-0.2pp | -7.7%+18.2pp | -25.9%-9.0pp | -16.9% |
| Current Ratio | 0.04-0.1 | 0.10+0.1 | 0.02-0.3 | 0.34+0.2 | 0.090.0 | 0.09-0.6 | 0.64-16.8 | 17.49 |
| Debt-to-Equity | -1.23+0.1 | -1.30-0.5 | -0.85-0.4 | -0.41+1.2 | -1.56+0.1 | -1.68-1.2 | -0.51+4.0 | -4.52 |
| FCF Margin | N/A | N/A | -4583.9%-5229.0pp | 645.2%+1072.8pp | -427.7%+3359.4pp | -3787.1%-7398.6pp | 3611.5%+3963.1pp | -351.6% |
Note: Shareholder equity is negative (-$33.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is ALTERNUS CLEAN ENGY A NEW's annual revenue?
ALTERNUS CLEAN ENGY A NEW (ALCED) reported $311K in total revenue for fiscal year 2024. This represents a -97.2% 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 ENGY A NEW's revenue growing?
ALTERNUS CLEAN ENGY A NEW (ALCED) revenue declined by 97.2% year-over-year, from $11.2M to $311K in fiscal year 2024.
Is ALTERNUS CLEAN ENGY A NEW profitable?
Yes, ALTERNUS CLEAN ENGY A NEW (ALCED) reported a net income of $21.1M in fiscal year 2024, with a net profit margin of 6777.5%.
What is ALTERNUS CLEAN ENGY A NEW's EBITDA?
ALTERNUS CLEAN ENGY A NEW (ALCED) had EBITDA of -$16.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ALTERNUS CLEAN ENGY A NEW have?
As of fiscal year 2024, ALTERNUS CLEAN ENGY A NEW (ALCED) had $161K in cash and equivalents against $28.7M in long-term debt.
What is ALTERNUS CLEAN ENGY A NEW's gross margin?
ALTERNUS CLEAN ENGY A NEW (ALCED) had a gross margin of -17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is ALTERNUS CLEAN ENGY A NEW's operating margin?
ALTERNUS CLEAN ENGY A NEW (ALCED) had an operating margin of -5229.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is ALTERNUS CLEAN ENGY A NEW's net profit margin?
ALTERNUS CLEAN ENGY A NEW (ALCED) had a net profit margin of 6777.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is ALTERNUS CLEAN ENGY A NEW's free cash flow?
ALTERNUS CLEAN ENGY A NEW (ALCED) generated -$4.7M in free cash flow during fiscal year 2024. This represents a -206.2% 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 ENGY A NEW's operating cash flow?
ALTERNUS CLEAN ENGY A NEW (ALCED) generated -$3.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are ALTERNUS CLEAN ENGY A NEW's total assets?
ALTERNUS CLEAN ENGY A NEW (ALCED) had $7.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are ALTERNUS CLEAN ENGY A NEW's capital expenditures?
ALTERNUS CLEAN ENGY A NEW (ALCED) invested $1.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does ALTERNUS CLEAN ENGY A NEW spend on research and development?
ALTERNUS CLEAN ENGY A NEW (ALCED) invested $748K in research and development during fiscal year 2024.
What is ALTERNUS CLEAN ENGY A NEW's current ratio?
ALTERNUS CLEAN ENGY A NEW (ALCED) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is ALTERNUS CLEAN ENGY A NEW's debt-to-equity ratio?
ALTERNUS CLEAN ENGY A NEW (ALCED) had a debt-to-equity ratio of -0.85 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ALTERNUS CLEAN ENGY A NEW's return on assets (ROA)?
ALTERNUS CLEAN ENGY A NEW (ALCED) had a return on assets of 272.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is ALTERNUS CLEAN ENGY A NEW's cash runway?
Based on fiscal year 2024 data, ALTERNUS CLEAN ENGY A NEW (ALCED) had $161K in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 1 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.
Why is ALTERNUS CLEAN ENGY A NEW's debt-to-equity ratio negative or unusual?
ALTERNUS CLEAN ENGY A NEW (ALCED) has negative shareholder equity of -$33.9M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is ALTERNUS CLEAN ENGY A NEW's Piotroski F-Score?
ALTERNUS CLEAN ENGY A NEW (ALCED) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ALTERNUS CLEAN ENGY A NEW's earnings high quality?
ALTERNUS CLEAN ENGY A NEW (ALCED) has an earnings quality ratio of -0.15x, considered low quality (accrual-driven). 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 ENGY A NEW cover its interest payments?
ALTERNUS CLEAN ENGY A NEW (ALCED) has an interest coverage ratio of -1.9x, 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.
How financially healthy is ALTERNUS CLEAN ENGY A NEW?
ALTERNUS CLEAN ENGY A NEW (ALCED) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.