CDT Environmental Technology Investment Holdings Ltd Financials

CDTG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows CDT Environmental Technology Investment Holdings Ltd (CDTG) 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).

Rhea AI CDTG FY2024 2026-05-15

Positive earnings mask a working-capital-funded model where receivables growth weakens cash generation and day-to-day liquidity.

Across FY2022-FY2024, cumulative net income was $14.7M but cumulative operating cash flow was -$9.6M, so reported profit has not become spendable cash. As accounts receivable expanded from $20.1M to $45.2M, liquidity became increasingly dependent on collection timing, which makes the headline current ratio look more comfortable than the cash balance alone would suggest.

FY2024 showed an unusual margin shape: gross margin improved to 37.8% even as operating margin fell to 6.7%. That tells you the earnings squeeze happened below cost of revenue rather than in the core service economics, because gross profit stayed roughly flat near $11.2M despite lower sales.

The balance sheet is becoming larger but less productive: year-end cash was only $124K while total assets reached $89.4M. With return on assets down to 1.6% and liabilities above equity, more capital is tied up in the business without generating the level of profit seen in earlier years.

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of CDT Environmental Technology Investment Holdings Ltd'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.

Profitability

CDT Environmental Technology Investment Holdings Ltd has an operating margin of -63.9%, meaning the company retains $-64 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 6.7% the prior year.

Growth

CDT Environmental Technology Investment Holdings Ltd's revenue declined 38.8% year-over-year, from $29.8M to $18.2M. This contraction results in a growth score of 0/100.

Leverage

CDT Environmental Technology Investment Holdings Ltd has a moderate D/E ratio of 1.90. This balance of debt and equity financing earns a leverage score of 63/100.

Liquidity

CDT Environmental Technology Investment Holdings Ltd's current ratio of 1.46 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While CDT Environmental Technology Investment Holdings Ltd generated -$1.5M in operating cash flow, capex of $2K consumed most of it, leaving -$1.5M in free cash flow. This results in a low score of 5/100, reflecting heavy capital investment rather than weak cash generation.

Returns

CDT Environmental Technology Investment Holdings Ltd generates a -33.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 3.9% the prior year.

Piotroski F-Score Weak

2/9

CDT Environmental Technology Investment Holdings Ltd passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.15x

For every $1 of reported earnings, CDT Environmental Technology Investment Holdings Ltd generates $0.15 in operating cash flow (-$1.5M OCF vs -$10.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-127.4x

CDT Environmental Technology Investment Holdings Ltd earns $-127.4 in operating income for every $1 of interest expense (-$11.7M vs $91K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.2M

YoY-38.8%

CDT Environmental Technology Investment Holdings Ltd generated $18.2M in revenue in fiscal year 2025. This represents a decrease of 38.8% from the prior year.

EBITDA

-$11.4M

YoY-602.3%

CDT Environmental Technology Investment Holdings Ltd's EBITDA was -$11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 602.3% from the prior year.

Net Income

-$10.2M

YoY-801.7%

CDT Environmental Technology Investment Holdings Ltd reported -$10.2M in net income in fiscal year 2025. This represents a decrease of 801.7% from the prior year.

EPS (Diluted)

$-0.84

YoY-700.0%

CDT Environmental Technology Investment Holdings Ltd earned $-0.84 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 700.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.5M

YoY+25.0%

CDT Environmental Technology Investment Holdings Ltd generated -$1.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 25.0% from the prior year.

Cash & Debt

$67K

YoY-46.4%

CDT Environmental Technology Investment Holdings Ltd held $67K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+24.9%

CDT Environmental Technology Investment Holdings Ltd had 14M shares outstanding in fiscal year 2025. This represents an increase of 24.9% from the prior year.

Margins & Returns

Gross Margin

41.5%

YoY+3.7pp

CDT Environmental Technology Investment Holdings Ltd's gross margin was 41.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.

Operating Margin

-63.9%

YoY-70.6pp

CDT Environmental Technology Investment Holdings Ltd's operating margin was -63.9% in fiscal year 2025, reflecting core business profitability. This is down 70.6 percentage points from the prior year.

Net Margin

-56.0%

YoY-60.8pp

CDT Environmental Technology Investment Holdings Ltd's net profit margin was -56.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 60.8 percentage points from the prior year.

Return on Equity

-33.3%

YoY-37.2pp

CDT Environmental Technology Investment Holdings Ltd's ROE was -33.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 37.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$48K

YoY-23.0%

CDT Environmental Technology Investment Holdings Ltd invested $48K in research and development in fiscal year 2025. This represents a decrease of 23.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2K

YoY-42.6%

CDT Environmental Technology Investment Holdings Ltd invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 42.6% from the prior year.

CDTG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$18.2M-38.8%	$29.8M-13.0%	$34.2M+18.6%	$28.8M+22.5%	$23.6M
Cost of Revenue	$10.7M-42.4%	$18.5M-18.9%	$22.8M+22.7%	$18.6M+23.5%	$15.1M
Gross Profit	$7.6M-32.8%	$11.2M-1.2%	$11.4M+11.0%	$10.3M+20.7%	$8.5M
R&D Expenses	$48K-23.0%	$62K-23.7%	$81K-28.2%	$113K-17.6%	$137K
SG&A Expenses	$2.2M-0.2%	$2.2M-19.1%	$2.7M-15.1%	$3.2M+31.3%	$2.4M
Operating Income	-$11.7M-683.1%	$2.0M-76.8%	$8.6M+35.5%	$6.4M-16.9%	$7.6M
Interest Expense	$91K-33.1%	$137K+28.9%	$106K+64.1%	$65K-5.8%	$69K
Income Tax	-$1.3M-374.0%	$462K-67.1%	$1.4M+21.8%	$1.2M-4.5%	$1.2M
Net Income	-$10.2M-801.7%	$1.5M-80.4%	$7.4M+28.3%	$5.8M-14.7%	$6.8M
EPS (Diluted)	$-0.84-700.0%	$0.14-82.7%	$0.81+28.6%	$0.63-14.9%	$0.74

Metric	Q4'25	Q4'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A

CDTG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$88.9M-0.5%	$89.4M+22.8%	$72.8M+35.0%	$53.9M	N/A
Current Assets	$84.3M+8.5%	$77.7M+20.0%	$64.7M+58.0%	$41.0M	N/A
Cash & Equivalents	$67K-46.4%	$124K-53.6%	$268K+34.1%	$200K-82.4%	$1.1M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$44.1M-2.3%	$45.2M+55.4%	$29.1M+44.7%	$20.1M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$58.3M+12.2%	$51.9M+27.6%	$40.7M+43.6%	$28.4M	N/A
Current Liabilities	$57.9M+12.0%	$51.7M+27.6%	$40.5M+44.4%	$28.1M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$30.6M-17.9%	$37.3M+16.9%	$31.9M+27.6%	$25.0M+11.7%	$22.4M
Retained Earnings	$14.3M-41.7%	$24.5M+5.2%	$23.2M+39.8%	$16.6M	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22
Total Assets	$88.9M-0.5%	$89.4M+22.8%	$72.8M+35.0%	$53.9M
Current Assets	$84.3M+8.5%	$77.7M+20.0%	$64.7M+58.0%	$41.0M
Cash & Equivalents	$67K-46.4%	$124K-53.6%	$268K+34.1%	$200K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$44.1M-2.3%	$45.2M+55.4%	$29.1M+44.7%	$20.1M
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$58.3M+12.2%	$51.9M+27.6%	$40.7M+43.6%	$28.4M
Current Liabilities	$57.9M+12.0%	$51.7M+27.6%	$40.5M+44.4%	$28.1M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$30.6M-17.9%	$37.3M+16.9%	$31.9M+27.6%	$25.0M
Retained Earnings	$14.3M-41.7%	$24.5M+5.2%	$23.2M+39.8%	$16.6M

CDTG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$1.5M+25.0%	-$2.0M+36.6%	-$3.1M+30.0%	-$4.5M-3350.2%	-$130K
Capital Expenditures	$2K-42.6%	$4K-81.9%	$22K-59.5%	$53K-47.5%	$101K
Free Cash Flow	-$1.5M+25.0%	-$2.0M+36.9%	-$3.2M+30.3%	-$4.5M-1860.0%	-$231K
Investing Cash Flow	$1K-99.8%	$545K+123.8%	$244K+357.9%	-$94K-105.2%	$1.8M
Financing Cash Flow	$1.4M+37.3%	$1.0M-65.9%	$3.0M-19.9%	$3.7M+502.3%	-$928K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

CDTG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	41.5%+3.7pp	37.8%+4.5pp	33.3%-2.3pp	35.5%-0.5pp	36.1%
Operating Margin	-63.9%-70.6pp	6.7%-18.5pp	25.2%+3.1pp	22.0%-10.4pp	32.5%
Net Margin	-56.0%-60.8pp	4.9%-16.8pp	21.7%+1.6pp	20.0%-8.7pp	28.8%
Return on Equity	-33.3%-37.2pp	3.9%-19.4pp	23.3%+0.1pp	23.1%-7.1pp	30.3%
Return on Assets	-11.5%-13.1pp	1.6%-8.6pp	10.2%-0.5pp	10.7%	N/A
Current Ratio	1.46-0.0	1.50-0.1	1.60+0.1	1.46	N/A
Debt-to-Equity	1.90+0.5	1.39+0.1	1.28+0.1	1.13	N/A
FCF Margin	-8.2%-1.5pp	-6.7%+2.5pp	-9.2%+6.5pp	-15.7%-14.7pp	-1.0%

Metric	Q4'25	Q4'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A
Current Ratio	1.46-0.0	1.50-0.1	1.60+0.1	1.46
Debt-to-Equity	1.90+0.5	1.39+0.1	1.28+0.1	1.13
FCF Margin	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is CDT Environmental Technology Investment Holdings Ltd's annual revenue?

CDT Environmental Technology Investment Holdings Ltd (CDTG) reported $18.2M in total revenue for fiscal year 2025. This represents a -38.8% 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 CDT Environmental Technology Investment Holdings Ltd's revenue growing?

CDT Environmental Technology Investment Holdings Ltd (CDTG) revenue declined by 38.8% year-over-year, from $29.8M to $18.2M in fiscal year 2025.

Is CDT Environmental Technology Investment Holdings Ltd profitable?

No, CDT Environmental Technology Investment Holdings Ltd (CDTG) reported a net income of -$10.2M in fiscal year 2025, with a net profit margin of -56.0%.

What is CDT Environmental Technology Investment Holdings Ltd's EBITDA?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had EBITDA of -$11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is CDT Environmental Technology Investment Holdings Ltd's gross margin?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had a gross margin of 41.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is CDT Environmental Technology Investment Holdings Ltd's operating margin?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had an operating margin of -63.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is CDT Environmental Technology Investment Holdings Ltd's net profit margin?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had a net profit margin of -56.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is CDT Environmental Technology Investment Holdings Ltd's return on equity (ROE)?

CDT Environmental Technology Investment Holdings Ltd (CDTG) has a return on equity of -33.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is CDT Environmental Technology Investment Holdings Ltd's free cash flow?

CDT Environmental Technology Investment Holdings Ltd (CDTG) generated -$1.5M in free cash flow during fiscal year 2025. This represents a 25.0% 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 CDT Environmental Technology Investment Holdings Ltd's operating cash flow?

CDT Environmental Technology Investment Holdings Ltd (CDTG) generated -$1.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are CDT Environmental Technology Investment Holdings Ltd's total assets?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had $88.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are CDT Environmental Technology Investment Holdings Ltd's capital expenditures?

CDT Environmental Technology Investment Holdings Ltd (CDTG) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does CDT Environmental Technology Investment Holdings Ltd spend on research and development?

CDT Environmental Technology Investment Holdings Ltd (CDTG) invested $48K in research and development during fiscal year 2025.

How many shares does CDT Environmental Technology Investment Holdings Ltd have outstanding?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had 14M shares outstanding as of fiscal year 2025.

What is CDT Environmental Technology Investment Holdings Ltd's current ratio?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is CDT Environmental Technology Investment Holdings Ltd's debt-to-equity ratio?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had a debt-to-equity ratio of 1.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CDT Environmental Technology Investment Holdings Ltd's return on assets (ROA)?

CDT Environmental Technology Investment Holdings Ltd (CDTG) had a return on assets of -11.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is CDT Environmental Technology Investment Holdings Ltd's cash runway?

Based on fiscal year 2025 data, CDT Environmental Technology Investment Holdings Ltd (CDTG) had $67K in cash against an annual operating cash burn of $1.5M. 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.

What is CDT Environmental Technology Investment Holdings Ltd's Piotroski F-Score?

CDT Environmental Technology Investment Holdings Ltd (CDTG) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are CDT Environmental Technology Investment Holdings Ltd's earnings high quality?

CDT Environmental Technology Investment Holdings Ltd (CDTG) 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 CDT Environmental Technology Investment Holdings Ltd cover its interest payments?

CDT Environmental Technology Investment Holdings Ltd (CDTG) has an interest coverage ratio of -127.4x, 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 CDT Environmental Technology Investment Holdings Ltd?

CDT Environmental Technology Investment Holdings Ltd (CDTG) scores 15 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.