Cn Energy Group Inc Financials

CNEY

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

Financial Health Signals

Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Cn Energy Group Inc has an operating margin of -30.9%, meaning the company retains $-31 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 -24.5% the prior year.

Growth

Cn Energy Group Inc's revenue declined 30.2% year-over-year, from $51.0M to $35.6M. This contraction results in a growth score of 0/100.

Leverage

100

Cn Energy Group Inc carries a low D/E ratio of 0.05, meaning only $0.05 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.

Liquidity

100

With a current ratio of 13.90, Cn Energy Group Inc holds $13.90 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Cn Energy Group Inc generated -$2.0M in operating cash flow, capex of $0 consumed most of it, leaving -$2.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Cn Energy Group 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

0.18x

For every $1 of reported earnings, Cn Energy Group Inc generates $0.18 in operating cash flow (-$2.0M OCF vs -$11.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-65.3x

Cn Energy Group Inc earns $-65.3 in operating income for every $1 of interest expense (-$11.0M vs $168K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Cn Energy Group Inc (CNEY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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

$35.6M

YoY-30.2%

5Y CAGR+23.3%

Cn Energy Group Inc generated $35.6M in revenue in fiscal year 2025. This represents a decrease of 30.2% from the prior year.

EBITDA

-$10.4M

YoY+4.9%

Cn Energy Group Inc's EBITDA was -$10.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.9% from the prior year.

Free Cash Flow

-$2.0M

YoY+16.9%

Cn Energy Group Inc generated -$2.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 16.9% from the prior year.

Net Income

-$11.1M

YoY+20.6%

Cn Energy Group Inc reported -$11.1M in net income in fiscal year 2025. This represents an increase of 20.6% from the prior year.

EPS (Diluted)

$-21.46

YoY+79.2%

Cn Energy Group Inc earned $-21.46 per diluted share (EPS) in fiscal year 2025. This represents an increase of 79.2% from the prior year.

Cash & Debt

$391K

YoY+23.1%

5Y CAGR-24.3%

Cn Energy Group Inc held $391K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY-58.7%

Cn Energy Group Inc had 5M shares outstanding in fiscal year 2025. This represents a decrease of 58.7% from the prior year.

Gross Margin

1.8%

YoY+2.2pp

5Y CAGR-25.1pp

Cn Energy Group Inc's gross margin was 1.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the prior year.

Operating Margin

-30.9%

YoY-6.3pp

5Y CAGR-46.9pp

Cn Energy Group Inc's operating margin was -30.9% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.

Net Margin

-31.3%

YoY-3.8pp

5Y CAGR-50.1pp

Cn Energy Group Inc's net profit margin was -31.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$1K

YoY-99.1%

5Y CAGR-66.1%

Cn Energy Group Inc invested $1K in research and development in fiscal year 2025. This represents a decrease of 99.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

Cn Energy Group Inc invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure.

CNEY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$35.6M-30.2%	$51.0M-12.0%	$57.9M+44.0%	$40.2M+102.6%	$19.8M+59.1%	$12.5M
Cost of Revenue	$34.9M-31.7%	$51.1M-10.5%	$57.1M+56.2%	$36.6M+112.2%	$17.2M+89.0%	$9.1M
Gross Profit	$648K+457.6%	-$181K-123.0%	$789K-78.3%	$3.6M+39.2%	$2.6M-22.1%	$3.4M
R&D Expenses	$1K-99.1%	$135K-86.3%	$989K-4.2%	$1.0M+167.8%	$386K+34.2%	$287K
SG&A Expenses	$2.7M-14.9%	$3.2M-44.2%	$5.7M+178.1%	$2.1M+42.1%	$1.4M+57.5%	$920K
Operating Income	-$11.0M+12.1%	-$12.5M-102.1%	-$6.2M-1443.6%	$460K-21.2%	$583K-70.9%	$2.0M
Interest Expense	$168K-28.1%	$234K	$0-100.0%	$157K	$0	N/A
Income Tax	$378+104.2%	-$9K+96.0%	-$222K+29.3%	-$314K+28.1%	-$437K-357.1%	$170K
Net Income	-$11.1M+20.6%	-$14.0M-149.6%	-$5.6M-352.3%	$2.2M+72.0%	$1.3M-44.7%	$2.3M
EPS (Diluted)	$-21.46+79.2%	$-103.27	$-78.01-2624.6%	$3.09+20.7%	$2.56+1013.0%	$0.23

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CNEY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$107.3M+9.1%	$98.4M-22.1%	$126.2M+32.9%	$94.9M+37.7%	$69.0M+119.3%	$31.4M
Current Assets	$65.8M+6.9%	$61.5M-15.1%	$72.4M-2.4%	$74.2M+51.8%	$48.9M+232.6%	$14.7M
Cash & Equivalents	$391K+23.1%	$317K+62.3%	$196K-98.9%	$18.0M+9360.6%	$191K-87.9%	$1.6M
Inventory	$3.6M+9.4%	$3.3M+25.4%	$2.7M+238.6%	$784K-29.8%	$1.1M-60.3%	$2.8M
Accounts Receivable	$1.7M-86.0%	$11.8M-59.4%	$29.0M+54.6%	$18.8M+51.6%	$12.4M+41.8%	$8.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.3M+268.4%	$1.5M-93.6%	$22.6M-27.4%	$31.2M+395.8%	$6.3M-24.5%	$8.3M
Current Liabilities	$4.7M+226.2%	$1.5M-93.5%	$22.4M-26.3%	$30.5M+439.8%	$5.6M-26.7%	$7.7M
Long-Term Debt	N/A	$0-100.0%	$34K-91.9%	$422K+1814.1%	$22K	N/A
Total Equity	$102.0M+5.2%	$96.9M-6.4%	$103.6M+62.4%	$63.8M+1.8%	$62.7M+171.1%	$23.1M
Retained Earnings	-$27.9M-66.5%	-$16.7M-421.2%	-$3.2M-233.0%	$2.4M+512.2%	$395K+52.0%	$260K

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q2'22
Total Assets	$107.3M+3.0%	$104.2M+5.9%	$98.4M-16.9%	$118.4M-6.2%	$126.2M-8.0%	$137.2M+44.5%	$94.9M+33.3%	$71.2M
Current Assets	$65.8M+44.7%	$45.5M-26.1%	$61.5M-9.9%	$68.2M-5.8%	$72.4M-8.6%	$79.3M+6.8%	$74.2M+57.3%	$47.2M
Cash & Equivalents	$391K+68.8%	$231K-27.1%	$317K+151.0%	$126K-35.3%	$196K-71.1%	$676K-96.3%	$18.0M+258.5%	$5.0M
Inventory	$3.6M+75.7%	$2.1M-37.8%	$3.3M-17.4%	$4.0M+51.8%	$2.7M-20.6%	$3.3M+326.4%	$784K-8.3%	$855K
Accounts Receivable	$1.7M+20.1%	$1.4M-88.3%	$11.8M-64.7%	$33.4M+15.0%	$29.0M+37.9%	$21.0M+12.1%	$18.8M+68.6%	$11.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.3M+195.3%	$1.8M+24.8%	$1.5M-90.7%	$15.6M-31.1%	$22.6M-20.6%	$28.5M-8.5%	$31.2M+390.3%	$6.4M
Current Liabilities	$4.7M+161.5%	$1.8M+24.8%	$1.5M-90.6%	$15.5M-31.0%	$22.4M-8.3%	$24.5M-19.6%	$30.5M+424.5%	$5.8M
Long-Term Debt	N/A	N/A	$0	$0-100.0%	$34K-95.0%	$680K+61.1%	$422K+168.4%	$157K
Total Equity	$102.0M-0.4%	$102.3M+5.6%	$96.9M-5.7%	$102.8M-0.7%	$103.6M-4.7%	$108.7M+70.4%	$63.8M-1.7%	$64.9M
Retained Earnings	-$27.9M-184.1%	-$9.8M+41.4%	-$16.7M-171.4%	-$6.2M-92.1%	-$3.2M-82.0%	-$1.8M-173.0%	$2.4M+92.7%	$1.3M

CNEY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.0M+16.9%	-$2.4M+92.1%	-$30.2M-301.4%	-$7.5M+35.2%	-$11.6M-537.4%	-$1.8M
Capital Expenditures	$0	$0-100.0%	$683K-72.6%	$2.5M+473.4%	$435K+2859.5%	$15K
Free Cash Flow	-$2.0M+16.9%	-$2.4M+92.3%	-$30.8M-208.2%	-$10.0M+16.8%	-$12.0M-556.0%	-$1.8M
Investing Cash Flow	-$10.4M-763.1%	$1.6M+208.0%	-$1.5M-166.9%	$2.2M+107.8%	-$27.9M-3088.0%	-$876K
Financing Cash Flow	$12.4M+1244.5%	$926K-93.1%	$13.4M-46.1%	$24.9M-34.4%	$38.0M+1349.2%	$2.6M
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	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

CNEY Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	1.8%+2.2pp	-0.4%-1.7pp	1.4%-7.7pp	9.1%-4.1pp	13.2%-13.7pp	26.9%
Operating Margin	-30.9%-6.3pp	-24.5%-13.8pp	-10.7%-11.8pp	1.1%-1.8pp	2.9%-13.1pp	16.1%
Net Margin	-31.3%-3.8pp	-27.6%-17.8pp	-9.7%-15.3pp	5.5%-1.0pp	6.5%-12.3pp	18.8%
Return on Equity	N/A	N/A	N/A	3.5%+1.4pp	2.1%-8.1pp	10.1%
Return on Assets	-10.4%+3.9pp	-14.3%-9.8pp	-4.5%-6.8pp	2.4%+0.5pp	1.9%-5.6pp	7.5%
Current Ratio	13.90-28.5	42.41+39.2	3.23+0.8	2.44-6.2	8.66+6.8	1.91
Debt-to-Equity	0.05+0.1	0.000.0	0.000.0	0.010.0	0.00-0.4	0.36
FCF Margin	-5.5%-0.9pp	-4.7%+48.6pp	-53.3%-28.4pp	-24.9%+35.7pp	-60.6%-45.9pp	-14.7%

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	13.90-11.2	25.13-17.3	42.41+38.0	4.40+1.2	3.23-0.0	3.24+0.8	2.44-5.7	8.13
Debt-to-Equity	0.05+0.0	0.02+0.0	0.000.0	0.000.0	0.000.0	0.010.0	0.010.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cn Energy Group Inc's annual revenue?

Cn Energy Group Inc (CNEY) reported $35.6M in total revenue for fiscal year 2025. This represents a -30.2% 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 Cn Energy Group Inc's revenue growing?

Cn Energy Group Inc (CNEY) revenue declined by 30.2% year-over-year, from $51.0M to $35.6M in fiscal year 2025.

Is Cn Energy Group Inc profitable?

No, Cn Energy Group Inc (CNEY) reported a net income of -$11.1M in fiscal year 2025, with a net profit margin of -31.3%.

What is Cn Energy Group Inc's earnings per share (EPS)?

Cn Energy Group Inc (CNEY) reported diluted earnings per share of $-21.46 for fiscal year 2025. This represents a 79.2% 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 Cn Energy Group Inc's EBITDA?

Cn Energy Group Inc (CNEY) had EBITDA of -$10.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cn Energy Group Inc's gross margin?

Cn Energy Group Inc (CNEY) had a gross margin of 1.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cn Energy Group Inc's operating margin?

Cn Energy Group Inc (CNEY) had an operating margin of -30.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cn Energy Group Inc's net profit margin?

Cn Energy Group Inc (CNEY) had a net profit margin of -31.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cn Energy Group Inc's free cash flow?

Cn Energy Group Inc (CNEY) generated -$2.0M in free cash flow during fiscal year 2025. This represents a 16.9% 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 Cn Energy Group Inc's operating cash flow?

Cn Energy Group Inc (CNEY) generated -$2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cn Energy Group Inc's total assets?

Cn Energy Group Inc (CNEY) had $107.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cn Energy Group Inc's capital expenditures?

Cn Energy Group Inc (CNEY) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Cn Energy Group Inc spend on research and development?

Cn Energy Group Inc (CNEY) invested $1K in research and development during fiscal year 2025.

How many shares does Cn Energy Group Inc have outstanding?

Cn Energy Group Inc (CNEY) had 5M shares outstanding as of fiscal year 2025.

What is Cn Energy Group Inc's current ratio?

Cn Energy Group Inc (CNEY) had a current ratio of 13.90 as of fiscal year 2025, which is generally considered healthy.

What is Cn Energy Group Inc's debt-to-equity ratio?

Cn Energy Group Inc (CNEY) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cn Energy Group Inc's return on assets (ROA)?

Cn Energy Group Inc (CNEY) had a return on assets of -10.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cn Energy Group Inc's cash runway?

Based on fiscal year 2025 data, Cn Energy Group Inc (CNEY) had $391K in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 2 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 Cn Energy Group Inc's Piotroski F-Score?

Cn Energy Group Inc (CNEY) 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 Cn Energy Group Inc's earnings high quality?

Cn Energy Group Inc (CNEY) has an earnings quality ratio of 0.18x, 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.

Can Cn Energy Group Inc cover its interest payments?

Cn Energy Group Inc (CNEY) has an interest coverage ratio of -65.3x, 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 Cn Energy Group Inc?

Cn Energy Group Inc (CNEY) scores 40 out of 100 on our Financial Profile, indicating moderate 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.