Coronado Financials
This page shows Coronado (CODQL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Coronado’s core mechanic in FY2025 is a margin-collapsing, capital-hungry model that shifted from self-funding to debt-supported operations.
From FY2022 to FY2025, gross margin fell from57.6% to21.8% while annual capex stayed near$200M -$245M , so weakening unit economics did not bring a matching drop in reinvestment needs. That combination pushed the business from cash-rich payouts to externally financed burn: operating cash flow moved from$926.6M positive to-$80.0M , and long-term debt climbed to$685.0M as cash fell to$173.0M .
This is not just a profit slump; it is a cash-conversion breakdown. In FY2025 the company reported a net loss of
Balance-sheet posture changed sharply over the last three years. Debt-to-equity moved from 0.0x in FY2022 to 1.1x in FY2025 while the current ratio stayed at 1.5x, so near-term liquidity still exists but the company is now relying far more on creditors to carry a business whose gross profit pool has roughly halved from
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 Coronado'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.
Coronado's revenue declined 22.2% year-over-year, from $2.5B to $1.9B. This contraction results in a growth score of 4/100.
Coronado carries a low D/E ratio of 1.05, meaning only $1.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Coronado's current ratio of 1.55 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Coronado generated -$80.0M in operating cash flow, capex of $244.8M consumed most of it, leaving -$324.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Coronado generates a -66.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -10.2% the prior year.
Coronado passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Coronado generates $0.19 in operating cash flow (-$80.0M OCF vs -$432.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Coronado generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 22.2% from the prior year.
Coronado reported -$432.1M in net income in fiscal year 2025. This represents a decrease of 296.8% from the prior year.
Coronado earned $-2.58 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 296.9% from the prior year.
Cash & Balance Sheet
Coronado generated -$324.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 86.5% from the prior year.
Coronado held $173.0M in cash against $685.0M in long-term debt as of fiscal year 2025.
Coronado had 168M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Coronado's gross margin was 21.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 9.8 percentage points from the prior year.
Coronado's net profit margin was -22.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 17.8 percentage points from the prior year.
Coronado's ROE was -66.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 56.4 percentage points from the prior year.
Capital Allocation
Coronado invested $244.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.4% from the prior year.
CODQL Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $550.5M+14.2% | $482.1M+3.0% | $467.9M+4.1% | $449.2M-19.4% | $557.5M-8.3% | $608.2M-9.7% | $673.8M+0.8% | $668.1M |
| Cost of Revenue | $434.1M+20.4% | $360.6M+6.2% | $339.6M-13.0% | $390.3M-3.3% | $403.6M-13.4% | $466.1M+25.0% | $372.7M-21.1% | $472.5M |
| Gross Profit | $116.5M-4.2% | $121.5M-5.2% | $128.2M+117.5% | $59.0M-61.7% | $153.9M+8.3% | $142.1M-52.8% | $301.1M+53.9% | $195.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $15.8M+109.2% | $7.5M-0.8% | $7.6M-8.8% | $8.3M-19.2% | $10.3M+12.4% | $9.2M+6.1% | $8.6M-1.9% | $8.8M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | -$31.0M-5.2% | -$29.4M-40.4% | -$21.0M-17.1% | -$17.9M-7.8% | -$16.6M-5.0% | -$15.8M-20.5% | -$13.1M+1.6% | -$13.3M |
| Income Tax | $11.3M+98.0% | $5.7M-32.6% | $8.5M+122.4% | -$37.8M-219.9% | -$11.8M+62.8% | -$31.8M-529.3% | $7.4M+280.0% | -$4.1M |
| Net Income | -$150.2M-37.2% | -$109.5M-43.7% | -$76.2M+20.8% | -$96.2M-77.9% | -$54.1M+23.8% | -$71.0M-257.1% | $45.2M+255.9% | -$29.0M |
| EPS (Diluted) | N/A | $-0.65-44.4% | $-0.45+21.1% | $-0.57 | N/A | $-0.42-255.6% | $0.27+258.8% | $-0.17 |
CODQL Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+3.2% | $2.5B-1.3% | $2.6B+7.0% | $2.4B-4.3% | $2.5B-2.9% | $2.6B0.0% | $2.6B+1.6% | $2.6B |
| Current Assets | $706.8M+17.0% | $604.1M-10.3% | $673.1M+10.1% | $611.5M-25.0% | $814.8M+7.2% | $759.9M-13.7% | $880.2M+9.7% | $802.0M |
| Cash & Equivalents | $173.0M+0.7% | $171.8M-34.3% | $261.6M+14.0% | $229.5M-32.4% | $339.6M+92.6% | $176.3M0.0% | $176.3M-21.6% | $224.9M |
| Inventory | $195.2M-7.9% | $211.8M+18.5% | $178.7M+32.6% | $134.8M-13.5% | $155.7M-4.0% | $162.3M-17.7% | $197.3M+31.7% | $149.8M |
| Accounts Receivable | $250.9M+71.3% | $146.5M-5.2% | $154.5M-7.7% | $167.5M-19.9% | $209.1M-23.8% | $274.2M-2.6% | $281.6M-6.6% | $301.5M |
| Goodwill | $28.0M0.0% | $28.0M0.0% | $28.0M0.0% | $28.0M0.0% | $28.0M0.0% | $28.0M0.0% | $28.0M0.0% | $28.0M |
| Total Liabilities | $2.0B+12.8% | $1.8B+4.5% | $1.7B+16.5% | $1.4B-0.4% | $1.4B+2.1% | $1.4B+2.3% | $1.4B+1.1% | $1.4B |
| Current Liabilities | $457.1M+2.0% | $448.1M+6.5% | $420.9M+0.8% | $417.6M+3.0% | $405.6M-2.2% | $414.8M-2.4% | $425.2M-4.1% | $443.3M |
| Long-Term Debt | $685.0M+40.5% | $487.5M+0.1% | $487.3M+18.5% | $411.2M+0.1% | $410.9M+56.7% | $262.3M+0.5% | $260.9M | N/A |
| Total Equity | $649.7M-18.0% | $792.5M-12.1% | $901.8M-7.0% | $969.9M-9.6% | $1.1B-8.8% | $1.2B-4.8% | $1.2B+4.4% | $1.2B |
| Retained Earnings | -$326.2M-85.3% | -$176.0M-164.4% | -$66.6M-791.5% | $9.6M-91.6% | $114.2M-32.1% | $168.3M-32.1% | $247.7M+22.3% | $202.5M |
CODQL Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$134.8M-1013.5% | $14.8M-80.9% | $77.4M+307.6% | -$37.3M-159.6% | $62.6M+16496.0% | $377K-99.4% | $64.9M+220.6% | -$53.8M |
| Capital Expenditures | $37.9M-36.3% | $59.5M-21.1% | $75.3M+4.6% | $72.1M+53.3% | $47.0M-32.4% | $69.5M+7.9% | $64.5M+17.4% | $54.9M |
| Free Cash Flow | -$172.8M-286.4% | -$44.7M-2324.4% | $2.0M+101.8% | -$109.3M-802.0% | $15.6M+122.5% | -$69.2M-17699.0% | $393K+100.4% | -$108.7M |
| Investing Cash Flow | -$33.1M+62.7% | -$88.6M+16.4% | -$106.1M-49.6% | -$70.9M-178.7% | -$25.4M+67.4% | -$78.1M-15.6% | -$67.5M-22.1% | -$55.3M |
| Financing Cash Flow | $164.3M+1183.2% | -$15.2M-125.1% | $60.4M+4013.5% | -$1.5M-101.1% | $134.9M+1488.0% | -$9.7M-125.3% | $38.5M+4587.5% | -$857K |
| Dividends Paid | $0 | $0+100.0% | -$49K-100.6% | $8.4M | $0-100.0% | $8.4M+17562.5% | -$48K-100.6% | $8.4M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CODQL Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.2%-4.0pp | 25.2%-2.2pp | 27.4%+14.3pp | 13.1%-14.5pp | 27.6%+4.3pp | 23.4%-21.3pp | 44.7%+15.4pp | 29.3% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -27.3%-4.6pp | -22.7%-6.4pp | -16.3%+5.1pp | -21.4%-11.7pp | -9.7%+2.0pp | -11.7%-18.4pp | 6.7%+11.1pp | -4.3% |
| Return on Equity | -23.1%-9.3pp | -13.8%-5.4pp | -8.5%+1.5pp | -9.9%-4.9pp | -5.0%+1.0pp | -6.0%-9.7pp | 3.7%+6.1pp | -2.5% |
| Return on Assets | -5.7%-1.4pp | -4.3%-1.3pp | -3.0%+1.0pp | -4.0%-1.8pp | -2.1%+0.6pp | -2.7%-4.5pp | 1.7%+2.9pp | -1.1% |
| Current Ratio | 1.55+0.2 | 1.35-0.3 | 1.60+0.1 | 1.46-0.5 | 2.01+0.2 | 1.83-0.2 | 2.07+0.3 | 1.81 |
| Debt-to-Equity | 1.05+0.4 | 0.62+0.1 | 0.54+0.1 | 0.42+0.0 | 0.38+0.2 | 0.22+0.0 | 0.21-0.9 | 1.15 |
| FCF Margin | -31.4%-22.1pp | -9.3%-9.7pp | 0.4%+24.8pp | -24.3%-27.1pp | 2.8%+14.2pp | -11.4%-11.4pp | 0.1%+16.3pp | -16.3% |
Frequently Asked Questions
What is Coronado's annual revenue?
Coronado (CODQL) reported $1.9B in total revenue for fiscal year 2025. This represents a -22.2% 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 Coronado's revenue growing?
Coronado (CODQL) revenue declined by 22.2% year-over-year, from $2.5B to $1.9B in fiscal year 2025.
Is Coronado profitable?
No, Coronado (CODQL) reported a net income of -$432.1M in fiscal year 2025, with a net profit margin of -22.2%.
How much debt does Coronado have?
As of fiscal year 2025, Coronado (CODQL) had $173.0M in cash and equivalents against $685.0M in long-term debt.
What is Coronado's gross margin?
Coronado (CODQL) had a gross margin of 21.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Coronado's net profit margin?
Coronado (CODQL) had a net profit margin of -22.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Coronado's return on equity (ROE)?
Coronado (CODQL) has a return on equity of -66.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Coronado's free cash flow?
Coronado (CODQL) generated -$324.8M in free cash flow during fiscal year 2025. This represents a -86.5% 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 Coronado's operating cash flow?
Coronado (CODQL) generated -$80.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Coronado's total assets?
Coronado (CODQL) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Coronado's capital expenditures?
Coronado (CODQL) invested $244.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Coronado's current ratio?
Coronado (CODQL) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Coronado's debt-to-equity ratio?
Coronado (CODQL) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Coronado's return on assets (ROA)?
Coronado (CODQL) had a return on assets of -16.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Coronado's cash runway?
Based on fiscal year 2025 data, Coronado (CODQL) had $173.0M in cash against an annual operating cash burn of $80.0M. This gives an estimated cash runway of approximately 26 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 Coronado's Piotroski F-Score?
Coronado (CODQL) has a Piotroski F-Score of 2 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.
Are Coronado's earnings high quality?
Coronado (CODQL) has an earnings quality ratio of 0.19x, 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.
How financially healthy is Coronado?
Coronado (CODQL) scores 18 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.