C-Bond Systems (CBNT) Financials
Newest figures come from the filing for Q3 FY2024, filed Nov 14, 2024. Each column of the statement tables below links to the filing it was taken from.
C-Bond Systems Inc (CBNT) reported $2.5M in revenue for fiscal year 2023, up 11.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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.
FY2023’s reported profit coexisted with negative operating cash flow, while liabilities exceeded assets and gross margin compressed.
Revenue growth did not translate into proportional gross profit: revenue increased11.5% , while gross profit rose only2.3% . Cost of revenue climbed23.7% , pushing gross margin down4.7 percentage points and showing that incremental sales carried less gross contribution.
Earnings quality was weak: FY2023 net income was
The balance sheet remains liability-heavy: total liabilities were
Financial Health Signals
We do not publish a peer-relative financial health score for C-Bond Systems Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
C-Bond Systems Inc scores -33.96, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $60.9M against total assets of $2.3M. 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.
C-Bond Systems Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, C-Bond Systems Inc used $0.85 of operating cash (-$1.6M OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
C-Bond Systems Inc earns $362.95 in operating income for every $1 of interest expense ($2.1M vs $6K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
C-Bond Systems Inc generated $660K in revenue in Q3 2024. This represents a decrease of 18.9% from the same quarter a year earlier. Against the prior quarter it is down 23.6%.
C-Bond Systems Inc's EBITDA was -$337K in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
C-Bond Systems Inc reported a net loss of $636K in Q3 2024. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
C-Bond Systems Inc earned $0.00 per diluted share (EPS) in Q3 2024. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
C-Bond Systems Inc held $22K in cash against $783K in long-term debt as of Q3 2024.
Not reported for Q3 2024.
Not reported for Q3 2024.
Margins & Returns
C-Bond Systems Inc's gross margin was 42.1% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.6 percentage points.
C-Bond Systems Inc's operating margin was -55.0% in Q3 2024, reflecting core business profitability. This is down 40.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 32.7 percentage points.
C-Bond Systems Inc's net profit margin was -96.4% in Q3 2024, showing the share of revenue converted to profit. This is down 72.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 67.4 percentage points.
Not reported for Q3 2024.
Capital Allocation
None of these metrics is reported for Q3 2024.
CBNT 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $660K-18.9% | $864K+108.6% | $937K+81.8% | $745K+22.6% | $814K+41.9% | $414K-23.4% | $515K+0.9% | $608K+18.5% |
| Cost of Revenue | $382K+10.1% | $425K+103.3% | $462K+88.3% | $380K+52.8% | $347K+40.7% | $209K-0.3% | $245K-1.7% | $249K-29.6% |
| Gross Profit | $278K-40.5% | $439K+114.0% | $475K+76.0% | $365K+1.7% | $467K+42.8% | $205K-38.0% | $270K+3.4% | $359K+124.7% |
| R&D Expenses | N/A | N/A | $0n/m | N/A | N/A | N/A | $0 | N/A |
| SG&A Expenses | $151K-6.9% | $169K+18.9% | $196K+9.4% | $183K-17.7% | $162K-18.3% | $142K-23.2% | $179K-12.6% | $222K+1.5% |
| Operating Income | -$363Kn/m | -$192K-105.5% | -$642Kn/m | -$786Kn/m | -$115Kn/m | $3.5Mn/m | -$524Kn/m | -$606Kn/m |
| EBITDA | -$337Kn/m | -$168K-104.8% | -$617Kn/m | -$761Kn/m | -$92Kn/m | $3.5Mn/m | -$503Kn/m | -$585K |
| Interest Expense | $88K+50.7% | $54K+2629.5% | $14K+281.7% | -$59Kn/m | $59K-86.8% | $2K-99.5% | $4K-98.5% | -$1.0M-599.5% |
| Net Income | -$636Kn/m | -$250K-106.6% | -$317Kn/m | -$1.0Mn/m | -$193Kn/m | $3.8Mn/m | -$706Kn/m | -$1.3M |
| EPS (Basic) | $0.00n/m | $0.00 | $0.00n/m | -$0.01n/m | $0.00n/m | $0.01 | $0.00n/m | -$0.01n/m |
| EPS (Diluted) | $0.00n/m | $0.00 | $0.00n/m | $0.00n/m | $0.00n/m | $0.00 | $0.00n/m | -$0.01n/m |
| Diluted Shares (Avg) | 545M+3.9% | 543M | 536M+26.0% | N/A | 525M+64.1% | 2.35B | 425M+49.7% | N/A |
Not reported in any period shown, so not listed: Income Tax.
CBNT 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-43.2% | $1.7M-38.1% | $2.0M+31.3% | $2.3M+40.6% | $2.5M+43.4% | $2.7M+44.1% | $1.5M-9.8% | $1.6M-22.2% |
| Current Assets | $587K-62.1% | $841K-54.0% | $1.1M+152.5% | $1.4M+166.4% | $1.5M+164.8% | $1.8M+174.8% | $430K-26.8% | $515K-49.2% |
| Cash & Equivalents | $22K-98.1% | $196K-87.0% | $198K+138.4% | $736K+658.5% | $1.1M+642.7% | $1.5M+518.1% | $83K-51.2% | $97K-81.3% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $146K+32.7% | $162K+36.0% | $102K+71.5% | $182K+134.6% | $110K+31.0% | $119K+90.2% | $59K-5.9% | $77K-6.6% |
| Accounts Receivable | $227K-16.3% | $243K+202.3% | $507K+155.4% | $424K+57.4% | $271K+5.8% | $81K-67.8% | $199K-35.5% | $269K+55.5% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% |
| Total Liabilities | $6.4M+7.6% | $6.0M+0.5% | $6.3M-29.7% | $6.7M-23.5% | $6.0M-24.0% | $6.0M-15.2% | $8.9M+32.9% | $8.8M+41.1% |
| Current Liabilities | $2.4M-16.0% | $2.1M-27.5% | $2.1M-58.8% | $2.7M-44.0% | $2.8M-33.8% | $2.9M-16.0% | $5.0M+75.9% | $4.9M+81.8% |
| Non-Current Liabilities | $1.9M+987.5% | $930K+592.3% | $1.0M+18.1% | $1.1M+9.1% | $173K-68.7% | $134K-77.3% | $853K+15.2% | $969K+29.9% |
| Long-Term Debt | $783K+9757.6% | $828K | $873K+418.2% | $918K+265.4% | $8K-99.0% | N/A | $169K | $251K-69.5% |
| Total Equity | -$5.0Mn/m | -$4.3Mn/m | -$4.3Mn/m | -$4.5Mn/m | -$3.5Mn/m | -$3.3Mn/m | -$7.4Mn/m | -$7.2Mn/m |
| Retained Earnings | -$62.1Mn/m | -$61.4Mn/m | -$61.2Mn/m | -$60.9Mn/m | -$59.8Mn/m | -$59.6Mn/m | -$63.4Mn/m | -$62.7Mn/m |
CBNT 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$324Kn/m | -$161Kn/m | -$651Kn/m | -$374Kn/m | -$315Kn/m | -$622Kn/m | -$291Kn/m | -$402Kn/m |
| Depreciation & Amortization | $26K+15.7% | $25K+19.3% | $25K+17.5% | $25K+18.7% | $23K0.0% | $21K-9.7% | $21K-9.0% | $21K+73.6% |
| Stock-Based Compensation | N/A | $0-100.0% | $377K+3005.9% | N/A | $0-100.0% | $30K | $12K-98.8% | N/A |
| Capital Expenditures | N/A | $0 | $120K | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$161K | -$771K | -$374K | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $9K | -$115K | N/A | N/A | N/A |
| Financing Cash Flow | $192K+271.7% | $159Kn/m | $113K-59.3% | -$32K-109.3% | $52K-82.3% | -$2.0M-638.3% | $277K+79.8% | $341K-48.1% |
| Dividends Paid | N/A | N/A | $59K | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
CBNT 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%-15.3pp | 50.8%+1.3pp | 50.7%-1.7pp | 49.0%-10.1pp | 57.4%+0.4pp | 49.5%-11.7pp | 52.4%+1.3pp | 59.1%+27.9pp |
| Operating Margin | -55.0%-40.9pp | -22.3% | -68.5% | -105.5% | -14.1%+73.2pp | 840.4% | -101.6% | -99.8% |
| Net Margin | -96.4%-72.7pp | -29.0% | -33.9% | -135.1% | -23.7% | 916.0% | -137.1% | -216.0% |
| Return on Assets | -44.9%-37.1pp | -15.0%-155.3pp | -16.2%+31.2pp | -44.1%+36.7pp | -7.7%+46.1pp | 140.4%+193.7pp | -47.4%+68.1pp | -80.8% |
| Current Ratio | 0.25-0.3x | 0.40-0.2x | 0.53+0.4x | 0.50+0.4x | 0.55+0.4x | 0.63+0.4x | 0.09-0.1x | 0.11-0.3x |
| Asset Turnover | 0.47+0.1x | 0.52+0.4x | 0.48+0.1x | 0.330.0x | 0.330.0x | 0.15-0.1x | 0.350.0x | 0.37+0.1x |
| FCF Margin | N/A | -18.6% | -82.3% | -50.2% | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity.
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.
Note: Shareholder equity is negative (-$4.5M), which causes the debt-to-equity, liabilities-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 (0.50), 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| C-Bond Systems Inc CBNT | FY2023 | $2.5M | $1.9M | 75.8% | $60K | — |
| BioLargo Inc BLGO | FY2025 | $7.8M | -$11.8M | N/A | $23.4M | — |
| Nocopi Techs Inc NNUP | FY2025 | $1.5M | -$155K | -10.4% | $17.9M | — |
| Bolt Projects Holdings Inc BSLK | FY2024 | $1.4M | N/A | N/A | N/A | — |
| Crown Electrokinetics CRP CRKN | FY2024 | $19.7M | -$25.9M | N/A | $1K | — |
| Blue Biofuels Inc BIOF | FY2025 | N/A | -$2.9M | N/A | $38.1M | — |
Where C-Bond Systems Inc Ranks
Frequently Asked Questions
C-Bond Systems Inc (CBNT) reported $2.5M in total revenue for fiscal year 2023. This represents a 11.5% 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.
C-Bond Systems Inc (CBNT) revenue grew by 11.5% year-over-year, from $2.2M to $2.5M in fiscal year 2023.
Yes, C-Bond Systems Inc (CBNT) reported a net income of $1.9M in fiscal year 2023, with a net profit margin of 75.8%.
C-Bond Systems Inc (CBNT) had EBITDA of $2.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2023, C-Bond Systems Inc (CBNT) had $736K in cash and equivalents against $918K in long-term debt.
C-Bond Systems Inc (CBNT) had a gross margin of 52.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
C-Bond Systems Inc (CBNT) had an operating margin of 82.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
C-Bond Systems Inc (CBNT) had a net profit margin of 75.8% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
C-Bond Systems Inc (CBNT) recorded an outflow of $1.7M in free cash flow during fiscal year 2023. 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.
C-Bond Systems Inc (CBNT) recorded an outflow of $1.6M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
C-Bond Systems Inc (CBNT) had $2.3M in total assets as of fiscal year 2023, including both current and long-term assets.
C-Bond Systems Inc (CBNT) invested $115K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
C-Bond Systems Inc (CBNT) had a current ratio of 0.50 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
C-Bond Systems Inc (CBNT) had a return on assets of 82.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2023, C-Bond Systems Inc (CBNT) held $736K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.6M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
C-Bond Systems Inc (CBNT) has negative shareholder equity of -$4.5M as of fiscal year 2023, so no debt-to-equity or liabilities-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.
C-Bond Systems Inc (CBNT) has an Altman Z-Score of -33.96, 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.
C-Bond Systems Inc (CBNT) has a Piotroski F-Score of 3 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
For every $1 of reported earnings, C-Bond Systems Inc (CBNT) used $0.85 of operating cash (-$1.6M OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.
C-Bond Systems Inc (CBNT) has an interest coverage ratio of 362.95x, meaning it can comfortably 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.