CBAK Energy Technology Limited (CBAT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed May 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CBAT SEC filings page.
CBAK Energy Technology Limited (CBAT) reported $229.9M in revenue over the twelve months to Mar 31, 2026, up 50.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
CBAK expanded sales, but sharply thinner margins and heavier working-capital demands made growth much less cash-generative.
From FY2024 to FY2025, revenue rose10.5% while gross margin fell from23.7% to9.4% , showing that added volume came with substantially less profit per dollar. Operating cash flow improved from$39.7M to$48.6M despite the net loss, but heavy investment left free cash flow at only$3.9M versus$22.5M previously.
The balance sheet grew faster on the liability side: assets increased
FY2025 capital spending reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CBAK Energy Technology Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
CBAK Energy Technology Limited has an operating margin of -9.4%, meaning the company loses $9 on every $100 of revenue. This results in a profitability score of 22/100. This is down from 5.0% the prior year.
CBAK Energy Technology Limited's revenue grew 10.5% year-over-year to $195.2M, a solid pace of expansion. This earns a growth score of 66/100.
CBAK Energy Technology Limited carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
CBAK Energy Technology Limited's current ratio of 0.60 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While CBAK Energy Technology Limited generated $48.6M in operating cash flow, capex of $44.7M consumed most of it, leaving $3.9M in free cash flow. This results in a low score of 50/100, reflecting heavy capital investment rather than weak cash generation.
CBAK Energy Technology Limited posts a -8.3% return on equity (ROE), meaning it loses $8 for every $100 of shareholders' equity. This results in a returns score of 19/100. This is down from 9.7% the prior year.
CBAK Energy Technology Limited scores -0.28, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($93.1M) relative to total liabilities ($316.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CBAK Energy Technology Limited passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
CBAK Energy Technology Limited reported a net loss of $9.4M while generating $48.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
CBAK Energy Technology Limited reported an operating loss of $18.4M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
CBAK Energy Technology Limited generated $69.6M in revenue in Q1 2026. This represents an increase of 99.3% from the same quarter a year earlier. Against the prior quarter it is up 18.4%.
CBAK Energy Technology Limited's EBITDA was -$6.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 747.4% from the same quarter a year earlier. Against the prior quarter it is down 23.8%.
CBAK Energy Technology Limited reported -$9.3M in net income in Q1 2026. This represents a decrease of 488.1% from the same quarter a year earlier. Against the prior quarter it is down 25.9%.
CBAK Energy Technology Limited earned -$0.10 per diluted share (EPS) in Q1 2026. This represents a decrease of 400.0% from the same quarter a year earlier.
Cash & Balance Sheet
CBAK Energy Technology Limited generated $10.5M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 147.1% from the same quarter a year earlier. Against the prior quarter it is down 34.7%.
CBAK Energy Technology Limited held $9.3M in cash against $7.7M in long-term debt as of Q1 2026, with $368.2M of liabilities due within a year.
Not reported for Q1 2026.
Margins & Returns
CBAK Energy Technology Limited's gross margin was 1.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 12.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.8 percentage points.
CBAK Energy Technology Limited's operating margin was -13.9% in Q1 2026, reflecting core business profitability. This is down 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
CBAK Energy Technology Limited's net profit margin was -13.3% in Q1 2026, showing the share of revenue converted to profit. This is down 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
CBAK Energy Technology Limited's ROE was -8.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 7.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.
Capital Allocation
CBAK Energy Technology Limited invested $4.2M in research and development in Q1 2026. This represents an increase of 39.5% from the same quarter a year earlier. Against the prior quarter it is down 20.4%.
CBAK Energy Technology Limited invested $11.8M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 7.1% from the same quarter a year earlier. Against the prior quarter it is down 14.2%.
Not reported for Q1 2026.
CBAT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $69.6M+99.3% | $58.8M+131.8% | $60.9M+36.5% | $40.5M-15.2% | $34.9M | $25.4M | $44.6M | $47.8M |
| Cost of Revenue | $68.6M+127.6% | $54.5M+147.2% | $56.0M+48.8% | $36.1M+2.8% | $30.1M | $22.1M | $37.7M | $35.1M |
| Gross Profit | $1.0M-78.3% | $4.3M+29.3% | $4.9M-29.9% | $4.5M-64.9% | $4.8M | $3.3M | $7.0M | $12.7M |
| R&D Expenses | $4.2M+39.5% | $5.3M+39.4% | $3.9M+12.4% | $3.6M+22.3% | $3.0M | $3.8M | $3.4M | $3.0M |
| SG&A Expenses | $4.5M+18.6% | $5.2M+31.0% | $3.9M+39.3% | $3.4M+7.1% | $3.8M | $3.9M | $2.8M | $3.1M |
| Operating Income | -$9.7M-238.7% | -$8.0M-21.5% | -$4.0M-387.2% | -$3.5M-159.3% | -$2.9M | -$6.6M | -$828K | $5.9M |
| EBITDA | -$6.3M-747.4% | -$5.1M-13.2% | -$1.8M-259.1% | -$1.4M-118.0% | -$740K | -$4.5M | $1.1M | $7.6M |
| Interest Expense | $252K+2.4% | $194K-38.9% | $299K+9.0% | $331K+19.6% | $247K | $318K | $274K | $277K |
| Income Tax | $7K | N/A | -$184K-154.2% | N/A | N/A | -$630K | $339K | $801K |
| Net Income | -$9.3M-488.1% | -$7.4M-63.6% | $2.7M+14919.6% | -$3.1M-147.7% | -$1.6M | -$4.5M | $18K | $6.4M |
| EPS (Basic) | -$0.10-400.0% | N/A | $0.03 | -$0.03-142.9% | -$0.02 | N/A | $0.00 | $0.07 |
| EPS (Diluted) | -$0.10-400.0% | N/A | $0.03 | -$0.03-142.9% | -$0.02 | N/A | $0.00 | $0.07 |
| Diluted Shares (Avg) | 89M-0.8% | N/A | 90M-0.6% | 90M-0.4% | 90M | N/A | 90M | 90M |
CBAT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $491.0M+57.6% | $426.2M+41.0% | $363.9M+24.0% | $333.1M+19.1% | $311.5M | $302.2M | $293.5M | $279.6M |
| Current Assets | $238.4M+66.5% | $180.6M+27.8% | $157.7M+20.9% | $143.4M+16.2% | $143.2M | $141.4M | $130.5M | $123.4M |
| Cash & Equivalents | $9.3M+130.5% | $8.3M+23.4% | $10.5M+0.3% | $5.7M-41.5% | $4.1M | $6.7M | $10.4M | $9.7M |
| Inventory | $75.7M+145.7% | $50.6M+121.4% | $34.5M+44.1% | $37.4M+19.9% | $30.8M | $22.9M | $23.9M | $31.2M |
| Accounts Receivable | $46.5M+13.9% | $38.4M+16.6% | $47.8M+36.9% | $34.7M+5.9% | $40.8M | $32.9M | $34.9M | $32.7M |
| Total Liabilities | $388.8M+101.7% | $316.7M+73.9% | $245.4M+50.5% | $217.3M+41.9% | $192.7M | $182.2M | $163.1M | $153.1M |
| Current Liabilities | $368.2M+109.8% | $299.8M+74.6% | $228.0M+47.8% | $199.4M+37.9% | $175.5M | $171.7M | $154.2M | $144.6M |
| Non-Current Liabilities | $20.6M+19.6% | $16.9M+61.3% | $17.4M+96.1% | $17.8M+110.8% | $17.2M | $10.4M | $8.9M | $8.5M |
| Long-Term Debt | $7.7M+85.2% | $4.1M | $4.8M | $4.9M | $4.1M | N/A | N/A | N/A |
| Total Equity | $105.2M-12.9% | $112.7M-7.4% | $121.4M-7.4% | $118.2M-6.6% | $120.8M | $121.7M | $131.2M | $126.6M |
| Retained Earnings | -$143.1M-13.6% | -$133.8M-9.1% | -$126.4M-7.0% | -$129.1M-9.3% | -$126.0M | -$122.6M | -$118.1M | -$118.1M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
CBAT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.3M+331.6% | $29.8M+209.6% | $14.6M-25.9% | $13.8M+368.0% | -$9.6M | $9.6M | $19.7M | $2.9M |
| Depreciation & Amortization | $3.4M+61.4% | $2.9M+39.1% | $2.3M+17.8% | $2.2M+28.9% | $2.1M | $2.1M | $1.9M | $1.7M |
| Stock-Based Compensation | $443-98.4% | N/A | N/A | N/A | $27K | N/A | $51K | $84K |
| Capital Expenditures | $11.8M-7.1% | $13.7M+140.8% | $8.6M+173.6% | $9.6M+2096.6% | $12.7M | $5.7M | $3.1M | $438K |
| Free Cash Flow | $10.5M+147.1% | $16.1M+309.9% | $6.0M-63.7% | $4.1M+65.3% | -$22.3M | $3.9M | $16.5M | $2.5M |
| Investing Cash Flow | -$11.8M-19.0% | -$16.7M-401.7% | -$8.4M-167.1% | -$10.7M-160.2% | -$9.9M | -$3.3M | -$3.2M | -$4.1M |
| Financing Cash Flow | $11.3M+90.9% | -$2.2M-122.5% | $34.8M+244.0% | -$30.5M-100.9% | $5.9M | $9.8M | $10.1M | -$15.2M |
| Share Buybacks | N/A | $0 | $263K | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
CBAT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.5%-12.3pp | 7.3%-5.8pp | 8.0%-7.6pp | 11.0%-15.6pp | 13.7% | 13.1% | 15.6% | 26.6% |
| Operating Margin | -13.9%-5.7pp | -13.6%+12.4pp | -6.6%-4.8pp | -8.7%-21.1pp | -8.2% | -26.0% | -1.9% | 12.4% |
| Net Margin | -13.3%-8.8pp | -12.5%+5.2pp | 4.3%+4.3pp | -7.6%-21.1pp | -4.5% | -17.8% | 0.0% | 13.5% |
| Return on Equity | -8.8%-7.5pp | -6.5%-2.8pp | 2.2%+2.2pp | -2.6%-7.7pp | -1.3% | -3.7% | 0.0% | 5.1% |
| Return on Assets | -1.9%-1.4pp | -1.7%-0.2pp | 0.7%+0.7pp | -0.9%-3.2pp | -0.5% | -1.5% | 0.0% | 2.3% |
| Current Ratio | 0.65-0.2x | 0.60-0.2x | 0.69-0.2x | 0.72-0.1x | 0.82 | 0.82 | 0.85 | 0.85 |
| Debt-to-Equity | 0.070.0x | 0.04-1.5x | 0.04-1.2x | 0.04-1.2x | 0.03 | 1.50 | 1.24 | 1.21 |
| Asset Turnover | 0.140.0x | 0.14+0.1x | 0.170.0x | 0.120.0x | 0.11 | 0.08 | 0.15 | 0.17 |
| FCF Margin | 15.1%+78.9pp | 27.3%+11.9pp | 9.8%-27.2pp | 10.2%+5.0pp | -63.9% | 15.4% | 37.1% | 5.2% |
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CBAK Energy Technology Limited CBAT | FY2025 | $195.2M | -$9.4M | -4.8% | $93.1M | 41/100 |
| RF Industries Ltd RFIL | FY2025 | $80.6M | $75 | 0.0% | $90.1M | 41/100 |
| Ultralife Corporation ULBI | FY2025 | $191.2M | -$5.9M | -3.1% | $104.3M | 42/100 |
| Pioneer Power Solutions, Inc. PPSI | FY2025 | $27.6M | -$6.0M | -21.7% | $34.2M | 53/100 |
| Espey Mfg. & Electronics Corp ESP | FY2026 | $46.1M | $11.2M | 24.2% | $172.0M | 72/100 |
| NeoVolta Inc. NEOV | FY2026 | $13.3M | -$21.5M | N/A | $154.0M | 42/100 |
Where CBAK Energy Technology Limited Ranks
Frequently Asked Questions
What is CBAK Energy Technology Limited's annual revenue?
CBAK Energy Technology Limited (CBAT) reported $195.2M in total revenue for fiscal year 2025. This represents a 10.5% 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 CBAK Energy Technology Limited's revenue growing?
CBAK Energy Technology Limited (CBAT) revenue grew by 10.5% year-over-year, from $176.6M to $195.2M in fiscal year 2025.
Is CBAK Energy Technology Limited profitable?
No, CBAK Energy Technology Limited (CBAT) reported a net income of -$9.4M in fiscal year 2025, with a net profit margin of -4.8%.
What is CBAK Energy Technology Limited's EBITDA?
CBAK Energy Technology Limited (CBAT) had EBITDA of -$8.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CBAK Energy Technology Limited have?
As of fiscal year 2025, CBAK Energy Technology Limited (CBAT) had $8.3M in cash and equivalents against $4.1M in long-term debt.
What is CBAK Energy Technology Limited's gross margin?
CBAK Energy Technology Limited (CBAT) had a gross margin of 9.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CBAK Energy Technology Limited's operating margin?
CBAK Energy Technology Limited (CBAT) had an operating margin of -9.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is CBAK Energy Technology Limited's net profit margin?
CBAK Energy Technology Limited (CBAT) had a net profit margin of -4.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is CBAK Energy Technology Limited's return on equity (ROE)?
CBAK Energy Technology Limited (CBAT) has a return on equity of -8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CBAK Energy Technology Limited's free cash flow?
CBAK Energy Technology Limited (CBAT) generated $3.9M in free cash flow during fiscal year 2025. This represents a -82.7% 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 CBAK Energy Technology Limited's operating cash flow?
CBAK Energy Technology Limited (CBAT) generated $48.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CBAK Energy Technology Limited's total assets?
CBAK Energy Technology Limited (CBAT) had $426.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are CBAK Energy Technology Limited's capital expenditures?
CBAK Energy Technology Limited (CBAT) invested $44.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does CBAK Energy Technology Limited spend on research and development?
CBAK Energy Technology Limited (CBAT) invested $15.8M in research and development during fiscal year 2025.
What is CBAK Energy Technology Limited's current ratio?
CBAK Energy Technology Limited (CBAT) had a current ratio of 0.60 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is CBAK Energy Technology Limited's debt-to-equity ratio?
CBAK Energy Technology Limited (CBAT) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CBAK Energy Technology Limited's return on assets (ROA)?
CBAK Energy Technology Limited (CBAT) had a return on assets of -2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CBAK Energy Technology Limited's P/E ratio?
CBAK Energy Technology Limited (CBAT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $93.1M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CBAK Energy Technology Limited's price-to-sales ratio?
CBAK Energy Technology Limited (CBAT) trades at 0.4x sales, its market capitalization divided by revenue of $229.9M revenue, trailing 12 months to March 31, 2026. The market capitalization is $93.1M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CBAK Energy Technology Limited's Altman Z-Score?
CBAK Energy Technology Limited (CBAT) has an Altman Z-Score of -0.28, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is CBAK Energy Technology Limited's Piotroski F-Score?
CBAK Energy Technology Limited (CBAT) 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 CBAK Energy Technology Limited's earnings high quality?
CBAK Energy Technology Limited (CBAT) reported a net loss of $9.4M while generating $48.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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 CBAK Energy Technology Limited cover its interest payments?
CBAK Energy Technology Limited (CBAT) reported an operating loss of $18.4M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 CBAK Energy Technology Limited?
CBAK Energy Technology Limited (CBAT) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.