C2 Blockchain Financials
This page shows C2 Blockchain (CBLO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 reads more like a financing-dependent entity than a revenue-scaled operating business burdened by overhead.
Cash survival depended on financing: FY2025 used-$149K in operations and brought in$212K from financing, which means losses were bridged by external cash rather than cash generated by the business itself. Across FY2023 to FY2025, liabilities compounded faster than liquidity, with cash slipping from$90 to$9 even as assets expanded, so balance-sheet growth did not translate into day-to-day funding flexibility.
Commercial activity is tiny relative to overhead: FY2025 revenue was just
Asset growth did not create a cash cushion; total assets reached
Financial Health Signals
We are recalculating C2 Blockchain's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
For every $1 of reported earnings, C2 Blockchain generates $0.63 in operating cash flow (-$149K OCF vs -$235K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
C2 Blockchain generated $185 in revenue in fiscal year 2025.
C2 Blockchain reported -$235K in net income in fiscal year 2025.
Cash & Balance Sheet
C2 Blockchain held $9 in cash against $0 in long-term debt as of fiscal year 2025.
C2 Blockchain had 275M shares outstanding in fiscal year 2025. This represents an increase of 8.2% from the prior year.
Margins & Returns
C2 Blockchain's operating margin was -120321.6% in fiscal year 2025, reflecting core business profitability.
C2 Blockchain's net profit margin was -127170.3% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
CBLO Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18K | N/A | $44 | N/A | $13 | N/A | N/A | N/A |
| Cost of Revenue | $8K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $9K | N/A | N/A | N/A | $13 | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $163K-46.3% | $303K | N/A | $101K | N/A | $8K | N/A |
| Operating Income | N/A | -$163K+46.3% | -$303K | N/A | -$101K | N/A | -$8K | N/A |
| Interest Expense | -$375K-981.2% | -$35K+94.6% | -$642K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$87K+96.3% | -$2.4M | N/A | -$101K | N/A | -$8K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CBLO Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $676K+2.5% | $660K-46.6% | $1.2M+1534.5% | $76K+103.0% | $37K+185965.0% | $20 | $0-100.0% | $30 |
| Current Assets | $15K+304.5% | $4K-97.6% | $152K+1066.0% | $13K-64.9% | $37K | N/A | N/A | $30 |
| Cash & Equivalents | $6K+435.7% | $1K-99.2% | $148K+1645477.8% | $9-100.0% | $21K+103880.0% | $20 | N/A | $30 |
| 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 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $889K-19.2% | $1.1M-40.9% | $1.9M+2118.3% | $84K+9.7% | $77K+3.8% | $74K+7.0% | $69K+12.7% | $61K |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$213K+51.6% | -$441K+29.8% | -$628K-7337.9% | -$8K+78.5% | -$39K+46.6% | -$74K-6.9% | -$69K-12.7% | -$61K |
| Retained Earnings | -$22.0M-699.7% | -$2.8M-3.3% | -$2.7M-795.9% | -$298K-69.5% | -$176K-134.0% | -$75K-6.8% | -$70K-12.5% | -$63K |
CBLO Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$143K+21.5% | -$182K+32.9% | -$271K-256.1% | -$76K-25.7% | -$61K | N/A | -$8K | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$212K-0.5% | -$211K+86.1% | -$1.5M-3409.1% | -$43K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $360K+46.4% | $246K-87.3% | $1.9M+1861.1% | $98K-2.3% | $101K | N/A | $8K | N/A |
| 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 | N/A |
CBLO Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.4% | N/A | N/A | N/A | 100.0% | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | -688384.1% | N/A | -773930.8% | N/A | N/A | N/A |
| Net Margin | N/A | N/A | -5386318.2% | N/A | -773930.8% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -13.3%+178.7pp | -191.9% | N/A | -270.4% | N/A | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$8K), 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.
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Frequently Asked Questions
What is C2 Blockchain's annual revenue?
C2 Blockchain (CBLO) reported $185 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is C2 Blockchain profitable?
No, C2 Blockchain (CBLO) reported a net income of -$235K in fiscal year 2025, with a net profit margin of -127170.3%.
What is C2 Blockchain's operating margin?
C2 Blockchain (CBLO) had an operating margin of -120321.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is C2 Blockchain's net profit margin?
C2 Blockchain (CBLO) had a net profit margin of -127170.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is C2 Blockchain's operating cash flow?
C2 Blockchain (CBLO) generated -$149K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are C2 Blockchain's total assets?
C2 Blockchain (CBLO) had $76K in total assets as of fiscal year 2025, including both current and long-term assets.
What is C2 Blockchain's return on assets (ROA)?
C2 Blockchain (CBLO) had a return on assets of -311.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is C2 Blockchain's cash runway?
Based on fiscal year 2025 data, C2 Blockchain (CBLO) had $9 in cash against an annual operating cash burn of $149K. 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.
Why is C2 Blockchain's debt-to-equity ratio negative or not reported?
C2 Blockchain (CBLO) has negative shareholder equity of -$8K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Are C2 Blockchain's earnings high quality?
C2 Blockchain (CBLO) has an earnings quality ratio of 0.63x, 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.