Cmb.Tech (CMBT) Financials

CMBT

FY2025 annual

Revenue $1.7B +77.2% YoY

Net Income $139.1M -84.0% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $443.5M -3.4% YoY

Market Cap $5.7B as of Sep 5, 2026

Price / Sales 3.4x on $1.7B revenue, FY2025

Price / Earnings 40.6x on $139.1M net income, FY2025

Price / Book 2.2x on $2.6B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Apr 20, 2026 Reported Apr 20, 2026 Currency USD FYE April

Newest figures come from the 20-F for FY2025, filed Apr 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMBT SEC filings page.

Cmb.Tech (CMBT) reported $1.7B in revenue for fiscal year 2025, up 77.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 CMBT FY2025 2026-09-05

Balance-sheet expansion outpaced internally generated cash, replacing unusually high reported profitability with financing-dependent growth.

Reported profitability normalized sharply: net margin fell from 92.6% in FY2024 to 8.4% in FY2025. Yet operating cash flow stayed near $444M versus $459M, indicating FY2024 earnings did not translate proportionally into operating cash.

Total assets more than doubled from $3.9B in FY2024 to $8.4B in FY2025, while the balance sheet became less liquid. The current ratio fell from 3.8x in FY2023 to 0.9x in FY2025, leaving less short-term cushion as the company expanded.

Operating cash flow of $444M was not enough to fund $1.6B of investing outflows, so expansion relied on financing beyond internally generated cash. Financing cash flow reached $1.3B in FY2025, while dividends fell from $1.1B to $20M, showing a sharp change in capital allocation.

Financial Health Signals

Financial health score not available

Cmb.Tech does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

Cmb.Tech passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.19x

For every $1 of reported earnings, Cmb.Tech generates $3.19 in operating cash flow ($443.5M OCF vs $139.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$155.0M

YoY-54.9%

QoQ+298.9%

Cmb.Tech held $155.0M in cash against $4.1M in long-term debt as of Q1 2026, with $779.6M of liabilities due within a year.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Shares Outstanding

Not reported for Q1 2026.

Margins & Returns

None of these metrics is reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

CMBT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMBT quarterly income statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$1.7B+77.2%	$940.2M-23.9%	$1.2B+44.5%	$854.7M+103.6%	$419.8M-65.3%	$1.2B+32.3%	$914.7M+52.4%	$600.0M+16.9%	$513.4M-25.0%	$684.3M-19.2%	$846.5M
Interest Expense	$3.5M-97.9%	$169.3M-1.5%	$171.9M+29.2%	$133.0M+39.2%	$95.5M+4.4%	$91.6M-23.6%	$119.8M+34.0%	$89.4M+76.3%	$50.7M-1.9%	$51.7M+1.5%	$50.9M
Income Tax	$10.2M+438.0%	$1.9M-68.5%	$6.0M+114.3%	$2.8M+756.7%	-$427K-122.0%	$1.9M+222.9%	$602K+152.9%	$238K+117.5%	-$1.4M-680.5%	-$174K-103.1%	$5.6M
Net Income	$139.1M-84.0%	$870.8M+1.5%	$858.0M+322.2%	$203.3M+160.0%	-$338.8M-171.6%	$473.2M+321.7%	$112.2M+202.0%	-$110.1M-8058.8%	$1.4M-99.3%	$204.0M-41.8%	$350.3M
Diluted Shares (Avg)	229M+17.0%	196M-2.9%	202M0.0%	202M+0.1%	202M-4.0%	210M-2.7%	216M+12.5%	192M+21.3%	158M-0.1%	158M+0.6%	158M

Metric	Q1'266-K	Q3'256-K	Q1'2510-Q	Q3'2410-K	Q3'2310-K	Q1'2310-Q	Q3'2210-K	Q3'2110-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

CMBT Balance Sheet

CMBT quarterly balance sheet

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$8.4B+115.2%	$3.9B+14.2%	$3.4B-13.9%	$4.0B+5.3%	$3.8B+2.2%	$3.7B-11.5%	$4.2B+0.9%	$4.1B+46.8%	$2.8B-7.7%	$3.0B	N/A
Current Assets	$912.6M+93.8%	$470.8M-71.1%	$1.6B+168.8%	$607.1M+32.1%	$459.4M+1.7%	$451.9M-43.7%	$802.2M+53.9%	$521.1M+85.7%	$280.6M-24.8%	$373.4M	N/A
Cash & Equivalents	$146.5M+277.0%	$38.9M-90.9%	$429.4M+138.6%	$179.9M+18.0%	$152.5M-5.5%	$161.5M-45.6%	$297.0M+71.5%	$173.1M+20.5%	$143.6M-30.5%	$206.7M+57.0%	$131.7M
Inventory	$77.2M+191.2%	$26.5M+17.7%	$22.5M-45.9%	$41.6M-39.7%	$69.0M-8.9%	$75.8M-58.7%	$183.4M+723.8%	$22.3M	N/A	N/A	N/A
Accounts Receivable	$320.8M+36.0%	$235.9M-23.2%	$307.1M-16.3%	$366.8M+54.3%	$237.7M+10.8%	$214.5M-30.6%	$309.0M+9.0%	$283.5M+107.2%	$136.8M-17.8%	$166.3M	N/A
Goodwill	$177.0M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.8B+113.2%	$2.7B+155.5%	$1.1B-40.9%	$1.8B-0.7%	$1.8B+31.4%	$1.4B-25.8%	$1.9B-0.7%	$1.9B+93.2%	$966.4M-16.6%	$1.2B	N/A
Current Liabilities	$1.1B+170.2%	$392.7M-7.6%	$424.8M+67.0%	$254.3M-20.8%	$321.0M+57.7%	$203.6M-35.6%	$316.1M+10.1%	$287.1M+80.9%	$158.7M-16.1%	$189.1M	N/A
Non-Current Liabilities	$4.7B+103.5%	$2.3B+264.1%	$637.2M-58.7%	$1.5B+3.7%	$1.5B+26.9%	$1.2B-23.8%	$1.5B-2.7%	$1.6B+96.0%	$805.9M-16.9%	$969.9M	N/A
Long-Term Debt	$3.4M+132.1%	$1.5M-56.9%	$3.4M-42.3%	$5.8M-65.2%	$16.8M-20.8%	$21.2M-50.9%	$43.2M	N/A	$898.7M-17.2%	$1.1B+3.1%	$1.1B
Total Equity	$2.6B+120.0%	$1.2B-49.4%	$2.4B+8.5%	$2.2B+10.9%	$2.0B-15.2%	$2.3B0.0%	$2.3B+2.3%	$2.3B+22.5%	$1.8B-2.3%	$1.9B-0.9%	$1.9B
Retained Earnings	$737.2M-5.1%	$777.1M-3.8%	$807.9M+109.3%	$386.0M+114.3%	$180.1M-66.7%	$540.7M+28.7%	$420.1M+25.1%	$335.8M-29.1%	$473.6M-8.2%	$515.7M	N/A

Metric	Q1'266-K	Q3'256-K	Q1'2510-Q	Q3'2410-K	Q3'2310-K	Q1'2310-Q	Q3'2210-K	Q3'2110-K
Total Assets	$8.4B+125.1%	$3.9B+14.2%	$3.7B	$3.4B-13.9%	$4.0B+5.3%	$4.1B	$3.8B+2.2%	$3.7B-11.5%
Current Assets	$714.9M-15.3%	$470.8M-71.1%	$843.8M	$1.6B+168.8%	$607.1M+32.1%	$638.7M	$459.4M+1.7%	$451.9M-43.7%
Cash & Equivalents	$155.0M-54.9%	$38.9M-90.9%	$343.9M	$429.4M+138.6%	$179.9M+18.0%	$277.2M	$152.5M-5.5%	$161.5M-45.6%
Inventory	$58.3M+77.9%	$26.5M+17.7%	$32.8M	$22.5M-45.9%	$41.6M-39.7%	$47.6M	$69.0M-8.9%	$75.8M-58.7%
Accounts Receivable	$422.9M+50.5%	$235.9M-23.2%	$281.0M	$307.1M-16.3%	$366.8M+54.3%	$263.4M	$237.7M+10.8%	$214.5M-30.6%
Goodwill	$172.3M	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.8B+133.4%	$2.7B+155.5%	$2.5B	$1.1B-40.9%	$1.8B-0.7%	$2.2B	$1.8B+31.4%	$1.4B-25.8%
Current Liabilities	$779.6M+27.0%	$392.7M-7.6%	$614.0M	$424.8M+67.0%	$254.3M-20.8%	$304.9M	$321.0M+57.7%	$203.6M-35.6%
Non-Current Liabilities	$5.1B+168.0%	$2.3B+264.1%	$1.9B	$637.2M-58.7%	$1.5B+3.7%	$1.9B	$1.5B+26.9%	$1.2B-23.8%
Long-Term Debt	$4.1M+88.2%	$1.5M-56.9%	$2.2M	$3.4M-42.3%	$5.8M-65.2%	$15.6M	$16.8M-20.8%	$21.2M-50.9%
Total Equity	$2.6B+108.1%	$1.2B-49.4%	$1.2B	$2.4B+8.5%	$2.2B+10.9%	$1.9B	$2.0B-15.2%	$2.3B0.0%
Retained Earnings	$902.6M+41.4%	$777.1M-3.8%	$638.3M	$807.9M+109.3%	$386.0M+114.3%	$132.0M	$180.1M-66.7%	$540.7M+28.7%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

CMBT Cash Flow Statement

CMBT quarterly cash flow statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$443.5M-3.4%	$459.1M-45.2%	$837.4M+227.7%	$255.6M+1109.9%	-$25.3M-102.6%	$969.8M+256.6%	$272.0M+32241.4%	$841K-99.6%	$211.3M-51.8%	$438.2M-2.7%	$450.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$40.6M	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$231.4M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.6B-136.9%	-$680.2M-178.2%	$869.7M+647.5%	-$158.8M+55.0%	-$353.2M-201.6%	-$117.1M-367.7%	$43.8M-77.0%	$190.0M+572.2%	-$40.2M+60.0%	-$100.6M+51.1%	-$205.9M
Financing Cash Flow	$1.3B+838.7%	-$173.0M+88.2%	-$1.5B-2222.7%	-$62.9M-116.8%	$373.9M+137.4%	-$999.7M-422.9%	-$191.2M-19.4%	-$160.2M+31.8%	-$235.0M+10.0%	-$261.2M+28.5%	-$365.3M
Dividends Paid	$20.2M-98.2%	$1.1B+78.7%	$630.5M+2503.3%	$24.2M0.0%	$24.2M-93.1%	$352.0M+1253.2%	$26.0M+14.9%	$22.6M-48.7%	$44.1M-79.6%	$216.8M+57.1%	$138.0M
Share Buybacks	$126.9M0.0%	$126.9M	N/A	N/A	N/A	$118.5M+282.7%	$31.0M+682.9%	$4.0M	N/A	$6.9M	N/A

Metric	Q1'266-K	Q3'256-K	Q1'2510-Q	Q3'2410-K	Q3'2310-K	Q1'2310-Q	Q3'2210-K	Q3'2110-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

CMBT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMBT quarterly financial ratios

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	8.3%-84.3pp	92.6%+23.2pp	69.5%+45.7pp	23.8%+104.5pp	-80.7%-119.8pp	39.1%+26.8pp	12.3%+30.6pp	-18.3%-18.6pp	0.3%-29.6pp	29.8%-11.6pp	41.4%
Return on Equity	5.3%-67.7pp	73.0%+36.6pp	36.4%+27.0pp	9.3%+26.6pp	-17.3%-37.8pp	20.5%+15.6pp	4.9%+9.7pp	-4.9%-4.9pp	0.1%-10.7pp	10.8%-7.6pp	18.4%
Return on Assets	1.7%-20.6pp	22.3%-2.8pp	25.1%+20.0pp	5.1%+14.1pp	-9.0%-21.8pp	12.8%+10.1pp	2.7%+5.4pp	-2.7%-2.7pp	0.1%-6.7pp	6.7%	N/A
Current Ratio	0.86-0.3x	1.20-2.6x	3.84+1.5x	2.39+1.0x	1.43-0.8x	2.22-0.3x	2.54+0.7x	1.820.0x	1.77-0.2x	1.97	N/A
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.010.0x	0.010.0x	0.02-0.8x	0.83+0.3x	0.49-0.1x	0.570.0x	0.55
Asset Turnover	0.200.0x	0.24-0.1x	0.36+0.1x	0.22+0.1x	0.11-0.2x	0.33+0.1x	0.22+0.1x	0.150.0x	0.180.0x	0.22	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	25.3%	N/A	N/A	N/A	N/A

Metric	Q1'266-K	Q3'256-K	Q1'2510-Q	Q3'2410-K	Q3'2310-K	Q1'2310-Q	Q3'2210-K	Q3'2110-K
Current Ratio	0.92-0.5x	1.20-2.6x	1.37	3.84+1.5x	2.39+1.0x	2.09	1.43-0.8x	2.22-0.3x
Debt-to-Equity	0.000.0x	0.000.0x	0.00	0.000.0x	0.000.0x	0.01	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cmb.Tech CMBT	FY2025	$1.7B	$139.1M	8.3%	$5.7B	—
Scorpio Tankers STNG	FY2025	$938.2M	$344.3M	36.7%	$4.1B	33/100
Excelerate Energy, Inc. EE	FY2025	$1.2B	$167.0M	13.6%	$1.3B	52/100
Kinetik Holdings Inc KNTK	FY2025	$1.8B	$525.9M	29.8%	$4.4B	47/100
International Seaways INSW	FY2025	$843.3M	$309.3M	36.7%	$5.2B	51/100
Torm Plc TRMD	FY2025	$1.3B	$286.0M	21.3%	$3.6B	37/100

Where Cmb.Tech Ranks

Frequently Asked Questions

What is Cmb.Tech's annual revenue?

Cmb.Tech (CMBT) reported $1.7B in total revenue for fiscal year 2025. This represents a 77.2% 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 Cmb.Tech's revenue growing?

Cmb.Tech (CMBT) revenue grew by 77.2% year-over-year, from $940.2M to $1.7B in fiscal year 2025.

Is Cmb.Tech profitable?

Yes, Cmb.Tech (CMBT) reported a net income of $139.1M in fiscal year 2025, with a net profit margin of 8.3%.

How much debt does Cmb.Tech have?

As of fiscal year 2025, Cmb.Tech (CMBT) had $146.5M in cash and equivalents against $3.4M in long-term debt.

What is Cmb.Tech's net profit margin?

Cmb.Tech (CMBT) had a net profit margin of 8.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cmb.Tech's return on equity (ROE)?

Cmb.Tech (CMBT) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cmb.Tech's operating cash flow?

Cmb.Tech (CMBT) generated $443.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cmb.Tech's total assets?

Cmb.Tech (CMBT) had $8.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Cmb.Tech buy back shares?

Yes, Cmb.Tech (CMBT) spent $126.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cmb.Tech have outstanding?

Cmb.Tech (CMBT) had 316M shares outstanding as of fiscal year 2025.

What is Cmb.Tech's current ratio?

Cmb.Tech (CMBT) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Cmb.Tech's debt-to-equity ratio?

Cmb.Tech (CMBT) 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 Cmb.Tech's return on assets (ROA)?

Cmb.Tech (CMBT) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cmb.Tech's P/E ratio?

Cmb.Tech (CMBT) trades at 40.6x earnings, its market capitalization divided by net income of $139.1M net income, FY2025. The market capitalization is $5.7B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cmb.Tech's price-to-sales ratio?

Cmb.Tech (CMBT) trades at 3.4x sales, its market capitalization divided by revenue of $1.7B revenue, FY2025. The market capitalization is $5.7B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cmb.Tech's Piotroski F-Score?

Cmb.Tech (CMBT) has a Piotroski F-Score of 3 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 Cmb.Tech's earnings high quality?

Cmb.Tech (CMBT) has an earnings quality ratio of 3.19x, considered cash-backed (high 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.