Clean Energy Technologies Inc Financials

CETY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 7/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Clean Energy Technologies Inc has an operating margin of -128.4%, meaning the company retains $-128 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 -43.7% the prior year.

Growth

Clean Energy Technologies Inc's revenue declined 63.8% year-over-year, from $6.7M to $2.4M. This contraction results in a growth score of 0/100.

Leverage

Clean Energy Technologies Inc has elevated debt relative to equity (D/E of 2.23), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.

Liquidity

Clean Energy Technologies Inc's current ratio of 0.50 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Piotroski F-Score Neutral

4/9

Clean Energy Technologies Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.81x

For every $1 of reported earnings, Clean Energy Technologies Inc generates $0.81 in operating cash flow (-$3.6M OCF vs -$4.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Clean Energy Technologies Inc (CETY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

$2.4M

YoY-63.8%

5Y CAGR+8.5%

10Y CAGR-3.7%

Clean Energy Technologies Inc generated $2.4M in revenue in fiscal year 2024. This represents a decrease of 63.8% from the prior year.

EBITDA

-$3.1M

YoY-7.1%

Clean Energy Technologies Inc's EBITDA was -$3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.1% from the prior year.

Free Cash Flow

N/A

Net Income

-$4.4M

YoY+22.0%

Clean Energy Technologies Inc reported -$4.4M in net income in fiscal year 2024. This represents an increase of 22.0% from the prior year.

EPS (Diluted)

$-0.10

YoY+28.6%

Clean Energy Technologies Inc earned $-0.10 per diluted share (EPS) in fiscal year 2024. This represents an increase of 28.6% from the prior year.

Cash & Debt

$62K

YoY-30.7%

5Y CAGR+53.0%

10Y CAGR+8.6%

Clean Energy Technologies Inc held $62K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

45M

YoY+14.9%

Clean Energy Technologies Inc had 45M shares outstanding in fiscal year 2024. This represents an increase of 14.9% from the prior year.

Gross Margin

34.9%

YoY+28.0pp

5Y CAGR-5.9pp

10Y CAGR+12.5pp

Clean Energy Technologies Inc's gross margin was 34.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 28.0 percentage points from the prior year.

Operating Margin

-128.4%

YoY-84.7pp

5Y CAGR-38.0pp

10Y CAGR-101.1pp

Clean Energy Technologies Inc's operating margin was -128.4% in fiscal year 2024, reflecting core business profitability. This is down 84.7 percentage points from the prior year.

Net Margin

-182.1%

YoY-97.6pp

5Y CAGR-23.4pp

10Y CAGR-147.2pp

Clean Energy Technologies Inc's net profit margin was -182.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 97.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

Clean Energy Technologies Inc invested $0 in research and development in fiscal year 2024.

Share Buybacks

N/A

Capital Expenditures

N/A

CETY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.4M-63.8%	$6.7M+151.3%	$2.7M+104.8%	$1.3M-7.5%	$1.4M-12.7%	$1.6M
Cost of Revenue	$1.6M-74.7%	$6.2M+318.6%	$1.5M+115.8%	$690K+5.4%	$655K-31.3%	$953K
Gross Profit	$847K+83.7%	$461K-60.8%	$1.2M+92.4%	$610K-18.7%	$751K+14.3%	$657K
R&D Expenses	$0	$0	$0	$0	$0	N/A
SG&A Expenses	$798K+17.5%	$679K+69.6%	$400K-18.0%	$488K+1.5%	$481K+25.6%	$383K
Operating Income	-$3.1M-6.4%	-$2.9M-195.6%	-$990K+37.1%	-$1.6M-27.3%	-$1.2M+15.1%	-$1.5M
Interest Expense	N/A	N/A	N/A	N/A	$1.3M+0.9%	$1.3M
Income Tax	N/A	$22K+21.3%	$18K	N/A	N/A	N/A
Net Income	-$4.4M+22.0%	-$5.7M-3939.8%	$147K-50.5%	$298K+108.7%	-$3.4M-34.4%	-$2.6M
EPS (Diluted)	$-0.10+28.6%	$-0.14	$0.00	N/A	$0.00	$0.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$774K+227.4%	$236K-70.2%	$792K+64.9%	$480K+144.9%	$196K-87.0%	$1.5M+6.9%	$1.4M-29.4%	$2.0M
Cost of Revenue	$590K+4579.4%	$13K-80.1%	$63K-77.0%	$275K+1270.2%	$20K-98.4%	$1.3M-35.3%	$1.9M+33.8%	$1.5M
Gross Profit	$183K-18.1%	$224K-69.3%	$729K+255.4%	$205K+16.4%	$176K-30.4%	$253K+147.6%	-$531K-196.8%	$549K
R&D Expenses	N/A	N/A	$0	N/A	N/A	$0	$0	$0
SG&A Expenses	$213K+58.8%	$134K-39.8%	$223K+61.1%	$138K-48.9%	$271K+23.8%	$219K-9.0%	$240K+65.9%	$145K
Operating Income	-$1.3M-81.6%	-$735K-664.6%	-$96K+82.8%	-$559K+42.6%	-$974K-18.6%	-$821K+43.6%	-$1.5M-250.3%	-$415K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	$49	N/A	N/A	N/A	$13K+111.7%	$6K
Net Income	-$2.1M-93.1%	-$1.1M-228.7%	-$331K+61.7%	-$866K-4.1%	-$832K+41.4%	-$1.4M+54.3%	-$3.1M-330.7%	-$721K
EPS (Diluted)	$-0.47-2250.0%	$-0.02-100.0%	$-0.01-102.5%	$0.40+2100.0%	$-0.02+50.0%	$-0.04+42.9%	$-0.07-250.0%	$-0.02

CETY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.5M-13.0%	$10.9M+34.7%	$8.1M+26.2%	$6.4M+56.0%	$4.1M-4.3%	$4.3M
Current Assets	$3.2M+4.9%	$3.0M-23.6%	$4.0M+53.1%	$2.6M+78.9%	$1.5M-32.1%	$2.1M
Cash & Equivalents	$62K-30.7%	$90K-40.0%	$149K-87.5%	$1.2M+187.4%	$415K+5502.0%	$7K
Inventory	$497K-25.4%	$666K+33.1%	$501K+8.3%	$462K-17.1%	$558K-11.5%	$630K
Accounts Receivable	$2.1M+30.4%	$1.6M+16.5%	$1.4M+97.5%	$693K+160.8%	$266K-79.4%	$1.3M
Goodwill	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K
Total Liabilities	$6.6M+29.8%	$5.1M-18.9%	$6.2M-23.5%	$8.2M-28.2%	$11.4M+18.9%	$9.6M
Current Liabilities	$6.4M+60.1%	$4.0M-35.5%	$6.2M-9.2%	$6.9M-29.8%	$9.8M+9.6%	$8.9M
Long-Term Debt	N/A	$258K	N/A	N/A	N/A	N/A
Total Equity	$2.9M-42.5%	$5.1M+172.2%	$1.9M+210.3%	-$1.7M+76.5%	-$7.2M-37.8%	-$5.3M
Retained Earnings	-$27.4M-19.4%	-$23.0M-33.0%	-$17.3M+0.8%	-$17.4M+1.3%	-$17.7M-24.2%	-$14.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$14.8M+0.1%	$14.8M+46.5%	$10.1M+6.1%	$9.5M+2.1%	$9.3M+3.1%	$9.0M-17.4%	$10.9M-1.5%	$11.1M
Current Assets	$9.0M-2.3%	$9.2M+146.9%	$3.7M+16.8%	$3.2M-33.9%	$4.8M+3.0%	$4.7M+54.1%	$3.0M-58.8%	$7.4M
Cash & Equivalents	$827K-81.2%	$4.4M+10320.2%	$42K-31.9%	$62K-84.0%	$388K+34.0%	$289K+223.0%	$90K-66.0%	$264K
Inventory	$483K-0.3%	$485K-3.9%	$504K+1.5%	$497K-30.9%	$719K+9.6%	$657K-1.5%	$666K-19.9%	$832K
Accounts Receivable	$2.9M+0.4%	$2.9M+12.3%	$2.6M+25.3%	$2.1M+6.8%	$1.9M+8.9%	$1.8M+12.1%	$1.6M+40.9%	$1.1M
Goodwill	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K0.0%	$748K
Total Liabilities	$7.7M+9.6%	$7.0M-1.5%	$7.1M+8.7%	$6.6M+38.7%	$4.7M+2.6%	$4.6M-8.8%	$5.1M-11.3%	$5.7M
Current Liabilities	$7.5M+7.7%	$7.0M-1.4%	$7.1M+9.6%	$6.4M+41.9%	$4.5M+3.8%	$4.4M+8.7%	$4.0M-28.5%	$5.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$258K	N/A
Total Equity	$7.1M-8.5%	$7.8M+162.8%	$3.0M+0.4%	$2.9M-35.8%	$4.6M+3.7%	$4.4M-13.6%	$5.1M+9.1%	$4.7M
Retained Earnings	-$30.9M-7.3%	-$28.8M-3.9%	-$27.7M-1.1%	-$27.4M-7.9%	-$25.4M-3.9%	-$24.5M-6.5%	-$23.0M-15.9%	-$19.8M

CETY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.6M+25.6%	-$4.8M-113.1%	-$2.2M+12.1%	-$2.6M-78.5%	-$1.4M+35.7%	-$2.2M
Capital Expenditures	N/A	$5K	N/A	N/A	N/A	$8K
Free Cash Flow	N/A	-$4.8M	N/A	N/A	N/A	-$2.2M
Investing Cash Flow	$161K+150.6%	-$319K+77.8%	-$1.4M+4.2%	-$1.5M	N/A	-$8K
Financing Cash Flow	$3.4M-33.8%	$5.1M+82.1%	$2.8M-42.1%	$4.8M+162.8%	$1.8M-17.7%	$2.2M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$4.7M-496.9%	-$781K-0.6%	-$776K-0.5%	-$772K-4.3%	-$740K+15.1%	-$872K+7.4%	-$941K+23.0%	-$1.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	-$27K-5685.6%	-$466
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$968K+20.8%	-$1.2M
Investing Cash Flow	N/A	N/A	-$3K-103.8%	$78K+26066.7%	-$300-100.4%	$83K+125.1%	-$333K-159858.2%	-$208
Financing Cash Flow	$1.1M-78.9%	$5.1M+577.8%	$759K+6.3%	$714K-15.1%	$841K-14.9%	$988K-17.0%	$1.2M+59.3%	$747K
Dividends Paid	$0	$0-100.0%	$43K+28.7%	$33K+489.4%	$6K-92.0%	$70K	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CETY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	34.9%+28.0pp	6.9%-37.2pp	44.1%-2.8pp	46.9%-6.5pp	53.4%+12.6pp	40.8%
Operating Margin	-128.4%-84.7pp	-43.7%-6.6pp	-37.2%+83.8pp	-120.9%-33.1pp	-87.9%+2.5pp	-90.3%
Net Margin	-182.1%-97.6pp	-84.5%-90.1pp	5.5%-17.3pp	22.9%+267.2pp	-244.4%-85.6pp	-158.8%
Return on Equity	N/A	N/A	7.8%	N/A	N/A	N/A
Return on Assets	-46.5%+5.3pp	-51.8%-53.6pp	1.8%-2.8pp	4.6%+88.0pp	-83.3%-24.0pp	-59.3%
Current Ratio	0.50-0.3	0.76+0.1	0.64+0.3	0.38+0.2	0.15-0.1	0.24
Debt-to-Equity	2.23+2.2	0.05-3.3	3.32+8.1	-4.79-3.2	-1.57+0.3	-1.82
FCF Margin	N/A	-71.5%	N/A	N/A	N/A	-138.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	23.7%-71.0pp	94.7%+2.7pp	92.0%+49.3pp	42.7%-47.1pp	89.8%+73.0pp	16.7%+54.3pp	-37.5%-64.9pp	27.4%
Operating Margin	-172.6%+138.5pp	-311.0%-298.9pp	-12.1%+104.2pp	-116.3%+380.3pp	-496.6%-442.3pp	-54.3%+48.5pp	-102.8%-82.1pp	-20.7%
Net Margin	-271.8%+189.0pp	-460.8%-419.0pp	-41.8%+138.4pp	-180.2%+243.9pp	-424.2%-330.3pp	-93.8%+125.7pp	-219.5%-183.5pp	-36.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-14.2%-6.9pp	-7.4%-4.1pp	-3.3%+5.8pp	-9.1%-0.2pp	-8.9%+6.8pp	-15.7%+12.7pp	-28.4%-21.9pp	-6.5%
Current Ratio	1.20-0.1	1.33+0.8	0.53+0.0	0.50-0.6	1.070.0	1.07+0.3	0.76-0.6	1.32
Debt-to-Equity	1.09+0.2	0.91-1.5	2.42+0.2	2.23+1.2	1.03-0.0	1.05+1.0	0.05-1.2	1.22
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-68.4%-7.4pp	-61.0%

Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Clean Energy Technologies Inc's annual revenue?

Clean Energy Technologies Inc (CETY) reported $2.4M in total revenue for fiscal year 2024. This represents a -63.8% 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 Clean Energy Technologies Inc's revenue growing?

Clean Energy Technologies Inc (CETY) revenue declined by 63.8% year-over-year, from $6.7M to $2.4M in fiscal year 2024.

Is Clean Energy Technologies Inc profitable?

No, Clean Energy Technologies Inc (CETY) reported a net income of -$4.4M in fiscal year 2024, with a net profit margin of -182.1%.

What is Clean Energy Technologies Inc's earnings per share (EPS)?

Clean Energy Technologies Inc (CETY) reported diluted earnings per share of $-0.10 for fiscal year 2024. This represents a 28.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Clean Energy Technologies Inc's EBITDA?

Clean Energy Technologies Inc (CETY) had EBITDA of -$3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Clean Energy Technologies Inc's gross margin?

Clean Energy Technologies Inc (CETY) had a gross margin of 34.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Clean Energy Technologies Inc's operating margin?

Clean Energy Technologies Inc (CETY) had an operating margin of -128.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Clean Energy Technologies Inc's net profit margin?

Clean Energy Technologies Inc (CETY) had a net profit margin of -182.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Clean Energy Technologies Inc's operating cash flow?

Clean Energy Technologies Inc (CETY) generated -$3.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Clean Energy Technologies Inc's total assets?

Clean Energy Technologies Inc (CETY) had $9.5M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Clean Energy Technologies Inc have outstanding?

Clean Energy Technologies Inc (CETY) had 45M shares outstanding as of fiscal year 2024.

What is Clean Energy Technologies Inc's current ratio?

Clean Energy Technologies Inc (CETY) had a current ratio of 0.50 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Clean Energy Technologies Inc's debt-to-equity ratio?

Clean Energy Technologies Inc (CETY) had a debt-to-equity ratio of 2.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Clean Energy Technologies Inc's return on assets (ROA)?

Clean Energy Technologies Inc (CETY) had a return on assets of -46.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Clean Energy Technologies Inc's cash runway?

Based on fiscal year 2024 data, Clean Energy Technologies Inc (CETY) had $62K in cash against an annual operating cash burn of $3.6M. 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.

What is Clean Energy Technologies Inc's Piotroski F-Score?

Clean Energy Technologies Inc (CETY) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Clean Energy Technologies Inc's earnings high quality?

Clean Energy Technologies Inc (CETY) has an earnings quality ratio of 0.81x, 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.

How financially healthy is Clean Energy Technologies Inc?

Clean Energy Technologies Inc (CETY) scores 7 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.