C3is Financials
This page shows C3is (CISS) financial statements, including the 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
C3is has an operating margin of 23.8%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 36.3% the prior year.
C3is's revenue surged 47.2% year-over-year to $42.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
C3is carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
C3is's current ratio of 0.87 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.
C3is converts 55.2% of revenue into free cash flow ($23.4M). This strong cash generation earns a score of 100/100.
C3is scores 0.77, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
C3is passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, C3is generates $-9.09 in operating cash flow ($25.0M OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
C3is earns $767.8 in operating income for every $1 of interest expense ($10.1M vs $13K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
C3is generated $42.3M in revenue in fiscal year 2024. This represents an increase of 47.2% from the prior year.
C3is's EBITDA was $16.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.7% from the prior year.
C3is generated $23.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1643.9% from the prior year.
C3is reported -$2.7M in net income in fiscal year 2024. This represents a decrease of 129.6% from the prior year.
C3is earned $-25.73 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 102.7% from the prior year.
C3is held $4.6M in cash against $0 in long-term debt as of fiscal year 2024.
C3is had 706,500 shares outstanding in fiscal year 2024. This represents an increase of 12020.4% from the prior year.
C3is's operating margin was 23.8% in fiscal year 2024, reflecting core business profitability. This is down 12.5 percentage points from the prior year.
C3is's net profit margin was -6.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 38.8 percentage points from the prior year.
C3is invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 62.3% from the prior year.
CISS Income Statement
| Metric | Q2'25 | Q2'24 | 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 |
CISS Balance Sheet
| Metric | Q2'25 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Total Assets | $90.1M-10.3% | $100.5M+5.3% | $95.5M+139.5% | $39.9M |
| Current Assets | $9.2M-43.7% | $16.3M-19.6% | $20.3M+1884.4% | $1.0M |
| Cash & Equivalents | $676K-85.4% | $4.6M+567.4% | $695K | $0 |
| Inventory | $1.1M+29.2% | $884K+28.3% | $689K+316.1% | $166K |
| Accounts Receivable | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $15.5M-46.7% | $29.1M-27.0% | $39.9M+4035.6% | $965K |
| Current Liabilities | $5.7M-69.4% | $18.7M-53.2% | $39.9M+4035.6% | $965K |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $74.6M+4.5% | $71.4M+28.5% | $55.5M+42.8% | $38.9M |
| Retained Earnings | $650K+153.0% | $257K-96.9% | $8.3M | N/A |
CISS Cash Flow Statement
| Metric | Q2'25 | Q2'24 | 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 |
CISS Financial Ratios
| Metric | Q2'25 | Q2'24 | 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 | 1.61+0.7 | 0.87+0.4 | 0.51-0.6 | 1.06 |
| Debt-to-Equity | 0.21-0.2 | 0.41-0.3 | 0.72+0.7 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.87), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is C3is's annual revenue?
C3is (CISS) reported $42.3M in total revenue for fiscal year 2024. This represents a 47.2% 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 C3is's revenue growing?
C3is (CISS) revenue grew by 47.2% year-over-year, from $28.7M to $42.3M in fiscal year 2024.
Is C3is profitable?
No, C3is (CISS) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -6.5%.
What is C3is's earnings per share (EPS)?
C3is (CISS) reported diluted earnings per share of $-25.73 for fiscal year 2024. 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 C3is's EBITDA?
C3is (CISS) had EBITDA of $16.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is C3is's operating margin?
C3is (CISS) had an operating margin of 23.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is C3is's net profit margin?
C3is (CISS) had a net profit margin of -6.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is C3is's free cash flow?
C3is (CISS) generated $23.4M in free cash flow during fiscal year 2024. This represents a 1643.9% 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 C3is's operating cash flow?
C3is (CISS) generated $25.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are C3is's total assets?
C3is (CISS) had $100.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are C3is's capital expenditures?
C3is (CISS) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does C3is have outstanding?
C3is (CISS) had 706,500 shares outstanding as of fiscal year 2024.
What is C3is's current ratio?
C3is (CISS) had a current ratio of 0.87 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is C3is's debt-to-equity ratio?
C3is (CISS) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is C3is's return on assets (ROA)?
C3is (CISS) had a return on assets of -2.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is C3is's Altman Z-Score?
C3is (CISS) has an Altman Z-Score of 0.77, 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 C3is's Piotroski F-Score?
C3is (CISS) 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 C3is's earnings high quality?
C3is (CISS) has an earnings quality ratio of -9.09x, considered mixed quality. 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 C3is cover its interest payments?
C3is (CISS) has an interest coverage ratio of 767.8x, 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.
How financially healthy is C3is?
C3is (CISS) scores 82 out of 100 on our Financial Profile, indicating strong 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.