Cfn Enterprises Inc Financials

CNFN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 16 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 CNFN FY2025 2026-05-20

CFN now looks like a minimal-revenue platform with persistent overhead, financed through a balance sheet dominated by liabilities rather than operations.

Cash burn eased even as revenue fell from $3.5M to $36K, a pattern that fits a working-capital unwind rather than stronger demand. Because capex was $0, free cash flow simply mirrored operating cash flow instead of showing a self-funding business that can reinvest while selling so little.

FY2025's near-99.0% gross margin is not evidence of a healthy sales engine; revenue was only $36K. The real operating story is scale loss: SG&A still ran at $1.7M, so losses were driven by carrying a corporate structure that current sales no longer support.

The balance sheet behaves like a company being funded by obligations rather than current operations: FY2025 liabilities of $24.9M sat against just $1.2M of assets. That leaves a deep equity deficit and a current ratio far below 1.0x, meaning short-term claims are not being met by the current asset base as assets kept shrinking and liabilities kept expanding across the reported period.

Financial Health Signals

Financial Profile 0/100

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 Cfn Enterprises Inc'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.

Profitability

Cfn Enterprises Inc has an operating margin of -4717.2%, meaning the company retains $-4717 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 -615.8% the prior year.

Growth

Cfn Enterprises Inc's revenue declined 88.7% year-over-year, from $321K to $36K. This contraction results in a growth score of 0/100.

Leverage

Cfn Enterprises Inc has elevated debt relative to equity (D/E of -0.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Cfn Enterprises Inc's current ratio of 0.03 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Cfn Enterprises Inc generated -$86K in operating cash flow, capex of $0 consumed most of it, leaving -$86K 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 Weak

1/9

Cfn Enterprises Inc passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Interest Coverage At Risk

-7.8x

Cfn Enterprises Inc earns $-7.8 in operating income for every $1 of interest expense (-$1.7M vs $219K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$36K

YoY-88.7%

5Y CAGR-41.0%

10Y CAGR-47.2%

Cfn Enterprises Inc generated $36K in revenue in fiscal year 2025. This represents a decrease of 88.7% from the prior year.

EBITDA

-$1.7M

YoY+14.1%

Cfn Enterprises Inc's EBITDA was -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.1% from the prior year.

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$86K

YoY-119.3%

Cfn Enterprises Inc generated -$86K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 119.3% from the prior year.

Cash & Debt

$198K

YoY-47.0%

5Y CAGR+4.3%

10Y CAGR-14.1%

Cfn Enterprises Inc held $198K in cash against $111K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+4.4%

Cfn Enterprises Inc had 9M shares outstanding in fiscal year 2025. This represents an increase of 4.4% from the prior year.

Margins & Returns

Gross Margin

99.0%

YoY+7.0pp

5Y CAGR+105.0pp

10Y CAGR+29.4pp

Cfn Enterprises Inc's gross margin was 99.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.0 percentage points from the prior year.

Operating Margin

-4717.2%

YoY-4101.4pp

5Y CAGR-4474.5pp

10Y CAGR-4688.8pp

Cfn Enterprises Inc's operating margin was -4717.2% in fiscal year 2025, reflecting core business profitability. This is down 4101.4 percentage points from the prior year.

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

Cfn Enterprises Inc invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure.

CNFN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$36K-88.7%	$321K-90.9%	$3.5M-18.1%	$4.3M+36.7%	$3.2M+523.5%	$506K
Cost of Revenue	$352-98.6%	$25K-99.2%	$3.0M-53.6%	$6.5M+84.0%	$3.5M+559.5%	$537K
Gross Profit	$36K-87.9%	$296K-42.5%	$515K+123.5%	-$2.2M-474.7%	-$382K-1162.4%	-$30K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7M-23.2%	$2.3M-59.6%	$5.6M+113.1%	$2.6M-1.8%	$2.7M+124.4%	$1.2M
Operating Income	-$1.7M+13.5%	-$2.0M+85.7%	-$13.8M-63.2%	-$8.5M+32.0%	-$12.4M-910.7%	-$1.2M
Interest Expense	$219K+0.4%	$219K-86.6%	$1.6M+135.0%	$694K+645.3%	$93K+80.5%	$52K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	N/A	-$4.3M+71.8%	-$15.2M-53.0%	-$9.9M+18.6%	-$12.2M-666.7%	-$1.6M
EPS (Diluted)	N/A	N/A	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
Revenue	$88K	N/A	$7K-64.4%	$19K-99.2%	$2.3M	N/A	$6.8M+14.9%	$5.9M
Cost of Revenue	$57K	N/A	$5K-72.4%	$18K-92.9%	$252K	N/A	$2.4M-50.9%	$4.9M
Gross Profit	$31K	N/A	$2K+119.5%	$774-100.0%	$2.0M	N/A	$4.4M+330.8%	$1.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2M	N/A	$2K-29.8%	$3K-100.0%	$463.9M	N/A	$2.7M+77.1%	$1.5M
Operating Income	-$1.2M	N/A	-$377+82.7%	-$2K+100.0%	-$461.9M	N/A	$1.6M+408.2%	-$531K
Interest Expense	$55K	N/A	$57+4.6%	$54-100.0%	$54.2M	N/A	$664K-7.9%	$720K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.2M	N/A	-$434+81.1%	-$2K+100.0%	-$2.5B	N/A	$973K+177.7%	-$1.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CNFN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2M-85.8%	$8.7M+58.9%	$5.5M-14.5%	$6.4M-4.6%	$6.7M+1385.8%	$450K
Current Assets	$799K-84.9%	$5.3M+85.9%	$2.8M+4563.6%	$61K-90.7%	$652K+168.5%	$243K
Cash & Equivalents	$198K-47.0%	$374K+374.7%	$79K+531.3%	$12K-92.7%	$170K+6.2%	$160K
Inventory	$516K-84.7%	$3.4M+88.0%	$1.8M	$0-100.0%	$158K+304.2%	$39K
Accounts Receivable	$0-100.0%	$1.5M+61.9%	$942K+3236.0%	$28K-80.1%	$142K+1480.8%	$9K
Goodwill	N/A	N/A	N/A	$0	N/A	$0
Total Liabilities	$24.9M-5.9%	$26.5M+40.3%	$18.9M+21.4%	$15.6M+71.2%	$9.1M+364.8%	$2.0M
Current Liabilities	$24.8M+1.1%	$24.5M+42.4%	$17.2M+94.2%	$8.9M+21.5%	$7.3M+488.0%	$1.2M
Long-Term Debt	$111K-7.3%	$120K-6.8%	$128K-86.9%	$978K-25.8%	$1.3M+84.3%	$715K
Total Equity	-$23.7M-33.0%	-$17.8M-32.8%	-$13.4M-46.4%	-$9.2M-282.9%	-$2.4M-59.2%	-$1.5M
Retained Earnings	-$85.8M-8.6%	-$79.0M-6.1%	-$74.4M-26.1%	-$59.0M-20.8%	-$48.8M-34.2%	-$36.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$715K-41.9%	$1.2M-77.7%	$5.5M-21.8%	$7.1M-100.0%	$7.4T+85039181.6%	$8.7M-4.2%	$9.1M+47.4%	$6.1M
Current Assets	$310K-61.2%	$799K+28789.1%	$3K-33.2%	$4K-100.0%	$4.2B+79859.1%	$5.3M-23.1%	$6.9M+80.0%	$3.8M
Cash & Equivalents	$104K-47.7%	$198K+193355.1%	$102-94.3%	$2K-100.0%	$304.4M+81334.0%	$374K+41.8%	$264K+17.0%	$225K
Inventory	$111K-78.4%	$516K+27924.5%	$2K+85.8%	$991-100.0%	$2.2B+64868.0%	$3.4M-20.3%	$4.2M+127.2%	$1.9M
Accounts Receivable	$13K	$0-100.0%	$821-39.3%	$1K-100.0%	$1.7B+112666.1%	$1.5M-35.3%	$2.4M+38.8%	$1.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$25.3M+1.4%	$24.9M-11.7%	$28.2M-4.9%	$29.7M-100.0%	$27.8T+104777576.6%	$26.5M+13.0%	$23.5M+9.3%	$21.5M
Current Liabilities	$25.1M+1.5%	$24.8M+91259.0%	$27K-4.1%	$28K-100.0%	$26.1B+106205.8%	$24.5M+12.9%	$21.7M+10.0%	$19.8M
Long-Term Debt	$109K-2.0%	$111K-5.6%	$117K0.0%	$117K-100.0%	$119.7B+99999900.0%	$120K-6.8%	$128K+1.2%	$127K
Total Equity	-$24.6M-3.7%	-$23.7M-104264.6%	-$23K-0.4%	-$23K+100.0%	-$20.4B-114277.9%	-$17.8M-23.8%	-$14.4M+6.0%	-$15.3M
Retained Earnings	-$87.0M-1.5%	-$85.8M-101528.1%	-$84K-0.6%	-$84K+100.0%	-$81.5B-103147.0%	-$79.0M-4.5%	-$75.5M+1.2%	-$76.4M

CNFN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$86K-119.3%	$443K+108.9%	-$5.0M-250.9%	-$1.4M-312.2%	-$344K+28.8%	-$484K
Capital Expenditures	$0	$0	N/A	N/A	N/A	$7K
Free Cash Flow	-$86K-119.3%	$443K	N/A	N/A	N/A	-$490K
Investing Cash Flow	-$234K-309.4%	-$57K-109.8%	$580K+270.8%	-$340K-1584.2%	$23K+111.1%	-$207K
Financing Cash Flow	$143K+228.9%	-$111K-102.5%	$4.5M+178.9%	$1.6M+383.4%	$331K-56.6%	$763K
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$118K-161.5%	-$45K-2688.5%	-$2K-207.5%	$2K-100.0%	$72.6M+55724.8%	$130K+283.3%	$34K-54.9%	$75K
Capital Expenditures	$0+100.0%	-$152K-304304.7%	$50-51.0%	$102	$0+100.0%	-$39K-395.0%	$13K-30.9%	$19K
Free Cash Flow	-$118K+39.9%	-$197K-11675.9%	-$2K-218.8%	$1K-100.0%	$72.6M+79896.5%	$91K+340.4%	$21K-63.2%	$56K
Investing Cash Flow	$0+100.0%	-$82K-164423.8%	-$50+7.0%	-$54+100.0%	-$48.2M-271409.1%	-$18K-33.2%	-$13K+30.9%	-$19K
Financing Cash Flow	$24K-89.3%	$223K+1004051.7%	-$22+26.5%	-$30+100.0%	-$27.2M-1239890.9%	-$2K+25.0%	-$3K-117.8%	$16K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	99.0%+7.0pp	92.1%+77.5pp	14.5%+65.4pp	-50.8%-38.7pp	-12.1%-6.1pp	-6.0%
Operating Margin	-4717.2%-4101.4pp	-615.8%-225.9pp	-389.9%-194.1pp	-195.8%+197.8pp	-393.6%-150.8pp	-242.8%
Net Margin	N/A	-1334.8%-905.5pp	-429.3%-199.3pp	-230.0%+156.5pp	-386.5%-72.2pp	-314.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-49.5%+228.7pp	-278.2%-122.7pp	-155.4%+26.9pp	-182.3%+171.0pp	-353.3%
Current Ratio	0.03-0.2	0.22+0.1	0.16+0.2	0.01-0.1	0.09-0.1	0.20
Debt-to-Equity	-0.000.0	-0.010.0	-0.01+0.1	-0.11+0.4	-0.55-0.1	-0.47
FCF Margin	-235.7%-373.5pp	137.8%	N/A	N/A	N/A	-96.8%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	34.9%	N/A	25.6%+21.4pp	4.2%-84.8pp	89.0%	N/A	64.6%+47.4pp	17.2%
Operating Margin	-1360.2%	N/A	-5.7%+6.0pp	-11.7%+20220.5pp	-20232.2%	N/A	24.2%+33.2pp	-9.0%
Net Margin	-1335.3%	N/A	-6.5%+5.8pp	-12.3%+109650.9pp	-109663.2%	N/A	14.4%+35.6pp	-21.2%
Return on Equity	N/A	N/A	1.9%-8.2pp	10.1%-2.1pp	12.3%	N/A	N/A	N/A
Return on Assets	-164.1%	N/A	-0.0%+0.0pp	-0.0%0.0pp	-0.0%	N/A	10.8%+31.1pp	-20.4%
Current Ratio	0.01-0.0	0.03-0.1	0.10-0.0	0.15-0.0	0.16-0.1	0.22-0.1	0.32+0.1	0.19
Debt-to-Equity	-0.000.0	-0.000.0	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.010.0	-0.01
FCF Margin	-134.5%	N/A	-25.1%-32.7pp	7.5%-3172.8pp	3180.4%	N/A	0.3%-0.7pp	0.9%

Note: Shareholder equity is negative (-$23.7M), 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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Impact Fusion IFUS

$22.0M

Kidoz Inc KDOZF

$21.0M

Genuine Mrktng GMGZ

$17.6M

Mobiquity Technologies Inc MOBQ

$15.3M

Sabio Holdings SABOF

$6.0M

Frequently Asked Questions

What is Cfn Enterprises Inc's annual revenue?

Cfn Enterprises Inc (CNFN) reported $36K in total revenue for fiscal year 2025. This represents a -88.7% 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 declined by 88.7% year-over-year, from $321K to $36K in fiscal year 2025.

What is Cfn Enterprises Inc's EBITDA?

Cfn Enterprises Inc (CNFN) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cfn Enterprises Inc have?

As of fiscal year 2025, Cfn Enterprises Inc (CNFN) had $198K in cash and equivalents against $111K in long-term debt.

What is Cfn Enterprises Inc's gross margin?

Cfn Enterprises Inc (CNFN) had a gross margin of 99.0% in fiscal year 2025, 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 -4717.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cfn Enterprises Inc's free cash flow?

Cfn Enterprises Inc (CNFN) generated -$86K in free cash flow during fiscal year 2025. This represents a -119.3% 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 Cfn Enterprises Inc's operating cash flow?

Cfn Enterprises Inc (CNFN) generated -$86K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cfn Enterprises Inc's total assets?

Cfn Enterprises Inc (CNFN) had $1.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cfn Enterprises Inc's capital expenditures?

Cfn Enterprises Inc (CNFN) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Cfn Enterprises Inc have outstanding?

Cfn Enterprises Inc (CNFN) had 9M shares outstanding as of fiscal year 2025.

What is Cfn Enterprises Inc's current ratio?

Cfn Enterprises Inc (CNFN) had a current ratio of 0.03 as of fiscal year 2025, 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 -0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cfn Enterprises Inc's cash runway?

Based on fiscal year 2025 data, Cfn Enterprises Inc (CNFN) had $198K in cash against an annual operating cash burn of $86K. This gives an estimated cash runway of approximately 28 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.

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

Cfn Enterprises Inc (CNFN) has negative shareholder equity of -$23.7M as of fiscal year 2025, 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 1 out of 9, indicating weak 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.

Can Cfn Enterprises Inc cover its interest payments?

Cfn Enterprises Inc (CNFN) has an interest coverage ratio of -7.8x, 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 Cfn Enterprises Inc?

Cfn Enterprises Inc (CNFN) scores 0 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.