Cfn Enterprises Inc Financials

CNFN

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

This page shows Cfn Enterprises Inc (CNFN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Piotroski F-Score Strong

8/9

Cfn Enterprises Inc passes 8 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.10x

For every $1 of reported earnings, Cfn Enterprises Inc generates $-0.10 in operating cash flow ($443K OCF vs -$4.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.1x

Cfn Enterprises Inc earns $-1.1 in operating income for every $1 of interest expense (-$2.5M vs $2.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$20.2M

YoY+471.5%

5Y CAGR+87.8%

10Y CAGR+2.1%

Cfn Enterprises Inc generated $20.2M in revenue in fiscal year 2024. This represents an increase of 471.5% from the prior year.

EBITDA

-$2.4M

YoY+82.3%

Cfn Enterprises Inc's EBITDA was -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 82.3% from the prior year.

Free Cash Flow

N/A

Net Income

-$4.3M

YoY+71.8%

Cfn Enterprises Inc reported -$4.3M in net income in fiscal year 2024. This represents an increase of 71.8% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$374K

YoY+374.7%

5Y CAGR+28.3%

10Y CAGR-10.5%

Cfn Enterprises Inc held $374K in cash against $120K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-90.0%

Cfn Enterprises Inc had 8M shares outstanding in fiscal year 2024. This represents a decrease of 90.0% from the prior year.

Gross Margin

26.2%

YoY+11.6pp

5Y CAGR+26.1pp

10Y CAGR-48.9pp

Cfn Enterprises Inc's gross margin was 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 11.6 percentage points from the prior year.

Operating Margin

-12.2%

YoY+377.7pp

5Y CAGR+682.9pp

10Y CAGR+7.4pp

Cfn Enterprises Inc's operating margin was -12.2% in fiscal year 2024, reflecting core business profitability. This is up 377.7 percentage points from the prior year.

Net Margin

-21.2%

YoY+408.1pp

5Y CAGR-988.4pp

10Y CAGR-1.5pp

Cfn Enterprises Inc's net profit margin was -21.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 408.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CNFN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$20.2M+471.5%	$3.5M-18.1%	$4.3M+36.7%	$3.2M+523.5%	$506K-41.4%	$865K
Cost of Revenue	$14.9M+393.9%	$3.0M-53.6%	$6.5M+84.0%	$3.5M+559.5%	$537K-37.9%	$865K
Gross Profit	$5.3M+927.2%	$515K+123.5%	-$2.2M-474.7%	-$382K-1162.4%	-$30K-36109.5%	$84
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.8M+37.7%	$5.6M+113.1%	$2.6M-1.8%	$2.7M+124.4%	$1.2M-46.6%	$2.2M
Operating Income	-$2.5M+82.1%	-$13.8M-63.2%	-$8.5M+32.0%	-$12.4M-910.7%	-$1.2M+79.5%	-$6.0M
Interest Expense	$2.2M+32.4%	$1.6M+135.0%	$694K+645.3%	$93K+80.5%	$52K+268.9%	$14K
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	-$4.3M+71.8%	-$15.2M-53.0%	-$9.9M+18.6%	-$12.2M-666.7%	-$1.6M-119.0%	$8.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$6.6M-64.4%	$18.7M+216.9%	$5.9M+59.0%	$3.7M-45.3%	$6.8M+14.9%	$5.9M+53.3%	$3.8M+141.2%	$1.6M
Cost of Revenue	$4.9M-72.4%	$17.9M+184.6%	$6.3M+14.3%	$5.5M+129.9%	$2.4M-50.9%	$4.9M+126.7%	$2.2M+36.7%	$1.6M
Gross Profit	$1.7M+119.5%	$774K+294.5%	-$398K+77.9%	-$1.8M-141.1%	$4.4M+330.8%	$1.0M-40.0%	$1.7M+8333.4%	$20K
R&D Expenses	$640K+6.7%	$600K+4.1%	$577K+94.4%	$297K-5.4%	$314K-27.8%	$434K-44.3%	$779K-35.4%	$1.2M
SG&A Expenses	$2.1M-29.8%	$3.0M+42.3%	$2.1M+12.5%	$1.8M-32.5%	$2.7M+77.1%	$1.5M-4.5%	$1.6M-15.1%	$1.9M
Operating Income	-$377K+82.7%	-$2.2M+11.8%	-$2.5M+32.1%	-$3.6M-322.9%	$1.6M+408.2%	-$531K-827.7%	$73K+100.7%	-$10.6M
Interest Expense	$57K+4.6%	$54K0.0%	$54K-1.2%	$55K-91.7%	$664K-7.9%	$720K0.0%	$721K-5.4%	$762K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$434K+81.1%	-$2.3M+8.4%	-$2.5M+25.6%	-$3.4M-445.7%	$973K+177.7%	-$1.3M-93.2%	-$648K+94.3%	-$11.3M
EPS (Diluted)	$-0.02-100.0%	$-0.010.0%	$-0.01	$0.00	$0.00	$0.00+100.0%	$-0.020.0%	$-0.02

CNFN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$8.7M+58.9%	$5.5M-14.5%	$6.4M-4.6%	$6.7M+1385.8%	$450K+140.2%	$188K
Current Assets	$5.3M+85.9%	$2.8M+4563.6%	$61K-90.7%	$652K+168.5%	$243K+31.5%	$185K
Cash & Equivalents	$374K+374.7%	$79K+531.3%	$12K-92.7%	$170K+6.2%	$160K+48.6%	$108K
Inventory	$3.4M+88.0%	$1.8M	$0-100.0%	$158K+304.2%	$39K	$0
Accounts Receivable	$1.5M+61.9%	$942K+3236.0%	$28K-80.1%	$142K+1480.8%	$9K-87.6%	$73K
Goodwill	N/A	N/A	$0	N/A	$0	N/A
Total Liabilities	$26.5M+40.3%	$18.9M+21.4%	$15.6M+71.2%	$9.1M+364.8%	$2.0M+127.1%	$861K
Current Liabilities	$24.5M+42.4%	$17.2M+94.2%	$8.9M+21.5%	$7.3M+488.0%	$1.2M+229.1%	$377K
Long-Term Debt	$120K-6.8%	$128K-86.9%	$978K-25.8%	$1.3M+84.3%	$715K+47.6%	$484K
Total Equity	-$17.8M-32.8%	-$13.4M-46.4%	-$9.2M-282.9%	-$2.4M-59.2%	-$1.5M-123.4%	-$674K
Retained Earnings	-$79.0M-6.1%	-$74.4M-26.1%	-$59.0M-20.8%	-$48.8M-34.2%	-$36.4M-4.8%	-$34.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$5.5M-21.8%	$7.1M-4.2%	$7.4M-15.0%	$8.7M-4.2%	$9.1M+47.4%	$6.1M+1.3%	$6.1M+11.1%	$5.5M
Current Assets	$2.8M-33.2%	$4.1M-1.9%	$4.2M-20.0%	$5.3M-23.1%	$6.9M+80.0%	$3.8M+6.1%	$3.6M+26.5%	$2.8M
Cash & Equivalents	$102K-94.3%	$1.8M+489.8%	$304K-18.6%	$374K+41.8%	$264K+17.0%	$225K+47.3%	$153K+94.4%	$79K
Inventory	$1.8M+85.8%	$991K-54.8%	$2.2M-35.0%	$3.4M-20.3%	$4.2M+127.2%	$1.9M+11.2%	$1.7M-6.6%	$1.8M
Accounts Receivable	$821K-39.3%	$1.4M-21.4%	$1.7M+12.8%	$1.5M-35.3%	$2.4M+38.8%	$1.7M-2.2%	$1.7M+84.6%	$942K
Goodwill	N/A	N/A	N/A	N/A	$3.2M-15.2%	$3.8M	N/A	N/A
Total Liabilities	$28.2M-4.9%	$29.7M+6.9%	$27.8M+4.8%	$26.5M+13.0%	$23.5M+9.3%	$21.5M+6.6%	$20.1M+6.6%	$18.9M
Current Liabilities	$27.1M-4.1%	$28.3M+8.5%	$26.1M+6.3%	$24.5M+12.9%	$21.7M+10.0%	$19.8M+7.1%	$18.4M+7.1%	$17.2M
Long-Term Debt	$117K0.0%	$117K-1.8%	$120K0.0%	$120K-6.8%	$128K+1.2%	$127K-1.1%	$128K0.0%	$128K
Total Equity	-$22.7M-0.4%	-$22.6M-11.0%	-$20.4M-14.4%	-$17.8M-23.8%	-$14.4M+6.0%	-$15.3M-8.9%	-$14.1M-4.7%	-$13.4M
Retained Earnings	-$84.4M-0.6%	-$83.9M-2.9%	-$81.5M-3.2%	-$79.0M-4.5%	-$75.5M+1.2%	-$76.4M-1.7%	-$75.1M-1.0%	-$74.4M

CNFN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$443K+108.9%	-$5.0M-250.9%	-$1.4M-312.2%	-$344K+28.8%	-$484K+93.1%	-$7.0M
Capital Expenditures	N/A	N/A	N/A	N/A	$7K+278.7%	$2K
Free Cash Flow	N/A	N/A	N/A	N/A	-$490K+93.0%	-$7.0M
Investing Cash Flow	-$57K-109.8%	$580K+270.8%	-$340K-1584.2%	$23K+111.1%	-$207K-101.0%	$20.5M
Financing Cash Flow	-$111K-102.5%	$4.5M+178.9%	$1.6M+383.4%	$331K-56.6%	$763K+105.7%	-$13.5M
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	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$1.6M-202.9%	$1.6M+26368.4%	$6K-95.4%	$130K+283.3%	$34K-54.9%	$75K-63.0%	$204K+116.8%	-$1.2M
Capital Expenditures	$50K-7.0%	$54K+11.3%	$48K+4816200.0%	$1-100.0%	$13K-30.9%	$19K+187.2%	$7K-65.2%	$19K
Free Cash Flow	-$1.7M-209.8%	$1.5M+3703.8%	-$42K+94.8%	-$812K-4038.0%	$21K-63.2%	$56K-71.6%	$197K+136.9%	-$533K
Investing Cash Flow	-$50K+7.0%	-$54K-11.3%	-$48K-171.5%	-$18K-33.2%	-$13K+30.9%	-$19K-187.2%	-$7K	$0
Financing Cash Flow	-$22K+26.5%	-$30K-11.0%	-$27K-1140.0%	-$2K+25.0%	-$3K-117.8%	$16K+113.4%	-$122K+72.7%	-$449K
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

CNFN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	26.2%+11.6pp	14.5%+65.4pp	-50.8%-38.7pp	-12.1%-6.1pp	-6.0%-6.0pp	0.0%
Operating Margin	-12.2%+377.7pp	-389.9%-194.1pp	-195.8%+197.8pp	-393.6%-150.8pp	-242.8%+452.3pp	-695.1%
Net Margin	-21.2%+408.1pp	-429.3%-199.3pp	-230.0%+156.5pp	-386.5%-72.2pp	-314.3%-1281.5pp	967.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-49.5%+228.7pp	-278.2%-122.7pp	-155.4%+26.9pp	-182.3%+171.0pp	-353.3%-4814.2pp	4460.9%
Current Ratio	0.22+0.1	0.16+0.2	0.01-0.1	0.09-0.1	0.20-0.3	0.49
Debt-to-Equity	-0.010.0	-0.01+0.1	-0.11+0.4	-0.55-0.1	-0.47+0.2	-0.72
FCF Margin	N/A	N/A	N/A	N/A	-96.8%+708.8pp	-805.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	25.6%+21.4pp	4.2%+10.9pp	-6.8%+41.8pp	-48.5%-113.2pp	64.6%+47.4pp	17.2%-26.8pp	44.0%+42.8pp	1.3%
Operating Margin	-5.7%+6.0pp	-11.7%+30.3pp	-42.0%+56.4pp	-98.4%-122.6pp	24.2%+33.2pp	-9.0%-10.9pp	1.9%+664.7pp	-662.8%
Net Margin	-6.5%+5.8pp	-12.3%+30.2pp	-42.5%+48.3pp	-90.8%-105.1pp	14.4%+35.6pp	-21.2%-4.4pp	-16.8%+690.2pp	-707.1%
Return on Equity	N/A	N/A	N/A	N/A	6.9%-305.6pp	312.5%+286.9pp	25.7%	N/A
Return on Assets	-7.8%+24.6pp	-32.5%+1.5pp	-34.0%+4.8pp	-38.8%-49.5pp	10.8%+31.1pp	-20.4%-9.7pp	-10.7%+195.7pp	-206.4%
Current Ratio	0.10-0.0	0.15-0.0	0.16-0.1	0.22-0.1	0.32+0.1	0.190.0	0.19+0.0	0.16
Debt-to-Equity	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.01
FCF Margin	-25.1%-33.3pp	8.1%+8.9pp	-0.7%-3.3pp	2.6%+2.3pp	0.3%-0.7pp	0.9%-4.2pp	5.1%+13.9pp	-8.8%

Note: Shareholder equity is negative (-$17.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.22), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Impact Fusion IFUS

$20.0M

Kidoz Inc KDOZF

$19.8M

Genuine Mrktng GMGZ

$24.3M

Mobiquity Technologies Inc MOBQ

$28.5M

Sabio Holdings SABOF

$14.3M

Frequently Asked Questions

What is Cfn Enterprises Inc's annual revenue?

Cfn Enterprises Inc (CNFN) reported $20.2M in total revenue for fiscal year 2024. This represents a 471.5% 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 Cfn Enterprises Inc's revenue growing?

Cfn Enterprises Inc (CNFN) revenue grew by 471.5% year-over-year, from $3.5M to $20.2M in fiscal year 2024.

Is Cfn Enterprises Inc profitable?

No, Cfn Enterprises Inc (CNFN) reported a net income of -$4.3M in fiscal year 2024, with a net profit margin of -21.2%.

What is Cfn Enterprises Inc's EBITDA?

Cfn Enterprises Inc (CNFN) had EBITDA of -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cfn Enterprises Inc have?

As of fiscal year 2024, Cfn Enterprises Inc (CNFN) had $374K in cash and equivalents against $120K in long-term debt.

What is Cfn Enterprises Inc's gross margin?

Cfn Enterprises Inc (CNFN) had a gross margin of 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cfn Enterprises Inc's operating margin?

Cfn Enterprises Inc (CNFN) had an operating margin of -12.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cfn Enterprises Inc's net profit margin?

Cfn Enterprises Inc (CNFN) had a net profit margin of -21.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cfn Enterprises Inc's operating cash flow?

Cfn Enterprises Inc (CNFN) generated $443K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cfn Enterprises Inc's total assets?

Cfn Enterprises Inc (CNFN) had $8.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Cfn Enterprises Inc have outstanding?

Cfn Enterprises Inc (CNFN) had 8M shares outstanding as of fiscal year 2024.

What is Cfn Enterprises Inc's current ratio?

Cfn Enterprises Inc (CNFN) had a current ratio of 0.22 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Cfn Enterprises Inc's debt-to-equity ratio?

Cfn Enterprises Inc (CNFN) had a debt-to-equity ratio of -0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cfn Enterprises Inc's return on assets (ROA)?

Cfn Enterprises Inc (CNFN) had a return on assets of -49.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Cfn Enterprises Inc's debt-to-equity ratio negative or unusual?

Cfn Enterprises Inc (CNFN) has negative shareholder equity of -$17.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Cfn Enterprises Inc's Piotroski F-Score?

Cfn Enterprises Inc (CNFN) has a Piotroski F-Score of 8 out of 9, indicating strong 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 Cfn Enterprises Inc's earnings high quality?

Cfn Enterprises Inc (CNFN) has an earnings quality ratio of -0.10x, 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 Cfn Enterprises Inc cover its interest payments?

Cfn Enterprises Inc (CNFN) has an interest coverage ratio of -1.1x, 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.