Cojax Oil Gas Financials
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).
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
Asset intensity remains high for the sales base: revenue was still below
Financial Health Signals
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 Cojax Oil Gas'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.
Cojax Oil Gas has an operating margin of -106.8%, meaning the company retains $-107 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 up from -165.6% the prior year.
Cojax Oil Gas's revenue declined 0.8% year-over-year, from $972K to $964K. This contraction results in a growth score of 37/100.
Cojax Oil Gas carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Cojax Oil Gas's current ratio of 0.18 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Cojax Oil Gas generates a -14.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -18.7% the prior year.
Cojax Oil Gas passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
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.
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
Earnings & Revenue
Cojax Oil Gas generated $964K in revenue in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
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.
Cojax Oil Gas reported -$1.1M in net income in fiscal year 2025. This represents an increase of 31.1% from the prior year.
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
Cojax Oil Gas held $77K in cash against $817 in long-term debt as of fiscal year 2025.
Cojax Oil Gas had 14M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Margins & Returns
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.
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.
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
CJAX Income Statement
| 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 | 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 | 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 | 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.
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 Piotroski F-Score?
Cojax Oil Gas (CJAX) has a Piotroski F-Score of 6 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 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.
How financially healthy is Cojax Oil Gas?
Cojax Oil Gas (CJAX) scores 23 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.