What is Cojax Oil Gas's earnings per share (EPS)?

Cojax Oil Gas (CJAX) reported diluted earnings per share of $-0.08 for fiscal year 2025. This represents a 38.5% 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.

Cojax Oil Gas Financials

CJAX

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Cojax Oil Gas (CJAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 CJAX FY2025 2026-04-22

Loss reduction is coming from overhead cuts, not sales growth, while equity funding masks a still-strained cash cycle.

Across the last three fiscal years, revenue stayed near $1M, yet operating losses narrowed; the improvement lines up with a steady drop in SG&A, so the income statement is getting better mainly through cost discipline rather than a stronger sales engine. That also makes cash conversion less severe than earnings suggest: a -$1.11M net loss still produced $41K of operating cash flow, indicating non-cash charges and working-capital movements buffered the cash drain.

Solvency is not the main issue: long-term debt was only $817 versus equity of $7.85M, so the balance sheet is funded mostly by owners rather than lenders. The real pressure is liquidity: current assets of $208K cover only a small slice of current liabilities of $1.18M, leaving little near-term cushion.

Asset intensity remains high for the sales base: revenue was still below $1M against almost $9.6M of assets, which helps explain why returns remain negative even as losses narrow. At the same time, share dilution has helped finance persistence rather than scale, because the share count rose over the period while revenue stayed roughly flat.

Financial Health Signals

Financial health score pending refresh

We are recalculating Cojax Oil Gas'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.

Altman Z-Score Safe

15.11

Cojax Oil Gas scores 15.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($50.3M) relative to total liabilities ($1.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Cojax Oil Gas passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.04x

For every $1 of reported earnings, Cojax Oil Gas generates $-0.04 in operating cash flow ($41K OCF vs -$1.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-417.1x

Cojax Oil Gas earns $-417.1 in operating income for every $1 of interest expense (-$1.0M vs $2K). 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

$964K

YoY-0.8%

Cojax Oil Gas generated $964K in revenue in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

EBITDA

-$676K

YoY+46.4%

Cojax Oil Gas's EBITDA was -$676K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.4% from the prior year.

Net Income

-$1.1M

YoY+31.1%

Cojax Oil Gas reported -$1.1M in net income in fiscal year 2025. This represents an increase of 31.1% from the prior year.

EPS (Diluted)

$-0.08

YoY+38.5%

Cojax Oil Gas earned $-0.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 38.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$77K

Cojax Oil Gas held $77K in cash against $817 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+1.2%

Cojax Oil Gas had 14M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-106.8%

YoY+58.8pp

Cojax Oil Gas's operating margin was -106.8% in fiscal year 2025, reflecting core business profitability. This is up 58.8 percentage points from the prior year.

Net Margin

-115.1%

YoY+50.6pp

Cojax Oil Gas's net profit margin was -115.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 50.6 percentage points from the prior year.

Return on Equity

-14.1%

YoY+4.6pp

Cojax Oil Gas's ROE was -14.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CJAX Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$964K-0.8%	$972K+4.7%	$928K+770.9%	$107K
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	$776K-15.7%	$920K-11.4%	$1.0M-50.8%	$2.1M
Operating Income	-$1.0M+36.0%	-$1.6M+1.2%	-$1.6M+74.1%	-$6.3M
Interest Expense	$2K-31.3%	$4K-99.8%	$2.1M+223958.6%	$956
Income Tax	$0	$0	$0	N/A
Net Income	-$1.1M+31.1%	-$1.6M+1.2%	-$1.6M+73.9%	-$6.2M
EPS (Diluted)	$-0.08+38.5%	$-0.13+27.8%	$-0.18	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$112K-37.4%	$179K-16.0%	$213K-8.9%	$234K-30.9%	$338K+53.0%	$221K-11.8%	$251K-21.2%	$318K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	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	$194K+20.2%	$161K+18.8%	$136K-33.5%	$204K-25.5%	$274K+44.5%	$190K-7.6%	$206K+20.5%	$171K
Operating Income	-$266K+49.3%	-$524K-232.7%	-$157K+22.8%	-$204K-41.2%	-$144K+86.7%	-$1.1M-625.3%	-$149K-100.6%	-$74K
Interest Expense	N/A	N/A	N/A	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	-$266K+55.9%	-$603K-282.1%	-$158K+22.7%	-$204K-40.9%	-$145K+86.6%	-$1.1M-622.6%	-$150K-101.2%	-$74K
EPS (Diluted)	$-0.02	N/A	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$-0.010.0%	$-0.01

CJAX Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$9.6M-8.8%	$10.5M+140.5%	$4.4M-19.6%	$5.4M
Current Assets	$208K-3.4%	$215K-23.5%	$281K+213.2%	$90K
Cash & Equivalents	$77K	$0-100.0%	$76K+101.1%	$38K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$110K-25.2%	$147K-28.4%	$205K+294.4%	$52K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$1.7M-8.5%	$1.9M+45.1%	$1.3M-41.5%	$2.2M
Current Liabilities	$1.2M-10.7%	$1.3M+12.7%	$1.2M-44.1%	$2.1M
Long-Term Debt	$817-92.6%	$11K-47.8%	$21K-31.3%	$31K
Total Equity	$7.9M-8.9%	$8.6M+181.0%	$3.1M-4.3%	$3.2M
Retained Earnings	-$13.5M-9.0%	-$12.4M-15.0%	-$10.8M-17.8%	-$9.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$9.6M-0.2%	$9.6M-6.3%	$10.2M-1.1%	$10.3M-1.2%	$10.5M-0.5%	$10.5M-7.3%	$11.3M+64.3%	$6.9M
Current Assets	$241K+16.0%	$208K+2.1%	$204K-12.8%	$233K-10.8%	$262K+21.7%	$215K-32.1%	$317K-2.9%	$326K
Cash & Equivalents	$91K+17.9%	$77K	$0	$0-100.0%	$77K	$0-100.0%	$250K0.0%	$250K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$129K+17.7%	$110K-7.9%	$119K-29.7%	$170K-5.2%	$179K+21.9%	$147K-13.6%	$170K-14.7%	$199K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M+14.5%	$1.7M-2.3%	$1.8M+2.8%	$1.7M-13.1%	$2.0M+4.8%	$1.9M+15.1%	$1.6M+11.2%	$1.5M
Current Liabilities	$1.4M+20.2%	$1.2M+0.3%	$1.2M+3.5%	$1.1M-19.1%	$1.4M+6.3%	$1.3M-3.5%	$1.4M+4.5%	$1.3M
Long-Term Debt	N/A	$817	N/A	N/A	N/A	$11K	N/A	N/A
Total Equity	$7.6M-3.4%	$7.9M-7.1%	$8.5M-1.8%	$8.6M+1.6%	$8.5M-1.7%	$8.6M-11.5%	$9.7M+79.4%	$5.4M
Retained Earnings	-$13.7M-2.0%	-$13.5M-4.7%	-$12.9M-1.2%	-$12.7M-1.6%	-$12.5M-1.2%	-$12.4M-9.6%	-$11.3M-1.3%	-$11.1M

CJAX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$41K+311.4%	-$19K-139.9%	$48K+161.3%	-$78K
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	-$10K-1.1%	-$10K-1.0%	-$10K-109.5%	$104K
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$16K+89.7%	$9K-14.7%	$10K+192.2%	-$11K-133.5%	$33K+141.8%	-$78K-692.0%	$13K-73.6%	$50K
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$3K-0.3%	-$3K-0.2%	-$3K-0.3%	-$3K-0.2%	-$3K-0.3%	-$3K-0.2%	-$3K-0.3%	-$2K
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

CJAX Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	-106.8%+58.8pp	-165.6%+9.9pp	-175.4%+5716.7pp	-5892.2%
Net Margin	-115.1%+50.6pp	-165.7%+10.0pp	-175.6%+5678.3pp	-5853.9%
Return on Equity	-14.1%+4.6pp	-18.7%+34.5pp	-53.1%+141.4pp	-194.5%
Return on Assets	-11.6%+3.7pp	-15.3%+22.0pp	-37.3%+77.5pp	-114.8%
Current Ratio	0.18+0.0	0.16-0.1	0.24+0.2	0.04
Debt-to-Equity	0.000.0	0.000.0	0.010.0	0.01
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-236.9%+55.9pp	-292.8%-218.8pp	-74.0%+13.3pp	-87.2%-44.6pp	-42.7%+446.9pp	-489.6%-430.0pp	-59.5%-36.2pp	-23.4%
Net Margin	-237.3%+99.5pp	-336.8%-262.8pp	-74.1%+13.3pp	-87.4%-44.5pp	-42.8%+446.8pp	-489.6%-429.9pp	-59.8%-36.4pp	-23.4%
Return on Equity	-3.5%+4.2pp	-7.7%-5.8pp	-1.9%+0.5pp	-2.4%-0.7pp	-1.7%+10.8pp	-12.6%-11.0pp	-1.5%-0.2pp	-1.4%
Return on Assets	-2.8%+3.5pp	-6.3%-4.8pp	-1.5%+0.4pp	-2.0%-0.6pp	-1.4%+8.9pp	-10.3%-9.0pp	-1.3%-0.2pp	-1.1%
Current Ratio	0.170.0	0.180.0	0.17-0.0	0.20+0.0	0.19+0.0	0.16-0.1	0.23-0.0	0.25
Debt-to-Equity	0.26+0.3	0.00-0.2	0.210.0	0.20-0.0	0.23+0.2	0.00-0.2	0.17-0.1	0.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.18), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Cojax Oil Gas's annual revenue?

Cojax Oil Gas (CJAX) reported $964K in total revenue for fiscal year 2025. This represents a -0.8% 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 Cojax Oil Gas's revenue growing?

Cojax Oil Gas (CJAX) revenue declined by 0.8% year-over-year, from $972K to $964K in fiscal year 2025.

Is Cojax Oil Gas profitable?

No, Cojax Oil Gas (CJAX) reported a net income of -$1.1M in fiscal year 2025, with a net profit margin of -115.1%.

What is Cojax Oil Gas's EBITDA?

Cojax Oil Gas (CJAX) had EBITDA of -$676K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cojax Oil Gas have?

As of fiscal year 2025, Cojax Oil Gas (CJAX) had $77K in cash and equivalents against $817 in long-term debt.

What is Cojax Oil Gas's operating margin?

Cojax Oil Gas (CJAX) had an operating margin of -106.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cojax Oil Gas's net profit margin?

Cojax Oil Gas (CJAX) had a net profit margin of -115.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cojax Oil Gas's return on equity (ROE)?

Cojax Oil Gas (CJAX) has a return on equity of -14.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cojax Oil Gas's operating cash flow?

Cojax Oil Gas (CJAX) generated $41K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cojax Oil Gas's total assets?

Cojax Oil Gas (CJAX) had $9.6M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Cojax Oil Gas have outstanding?

Cojax Oil Gas (CJAX) had 14M shares outstanding as of fiscal year 2025.

What is Cojax Oil Gas's current ratio?

Cojax Oil Gas (CJAX) had a current ratio of 0.18 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Cojax Oil Gas's debt-to-equity ratio?

Cojax Oil Gas (CJAX) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cojax Oil Gas's return on assets (ROA)?

Cojax Oil Gas (CJAX) had a return on assets of -11.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cojax Oil Gas's Altman Z-Score?

Cojax Oil Gas (CJAX) has an Altman Z-Score of 15.11, placing it in the Safe Zone (low 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 Cojax Oil Gas's Piotroski F-Score?

Cojax Oil Gas (CJAX) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Cojax Oil Gas's earnings high quality?

Cojax Oil Gas (CJAX) has an earnings quality ratio of -0.04x, 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 Cojax Oil Gas cover its interest payments?

Cojax Oil Gas (CJAX) has an interest coverage ratio of -417.1x, 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.