Circle Energy Inc Financials

CRCE

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Circle Energy Inc (CRCE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 CRCE FY2025 2026-05-11

Circle Energy functions as a cash-funded corporate vehicle, with administrative burn steadily shrinking assets instead of supporting operations.

Across FY2023-FY2025, operating cash burn stayed close to $75K a year even as cash reserves dropped to $111K. With no financing inflow after FY2022 and assets down to $165K, the company appears to be preserving its corporate structure by consuming a shrinking cash base rather than rebuilding the balance sheet through operations.

In FY2025, the net loss of $73.7K was almost identical to SG&A expense of $73.7K. That near-match, alongside operating cash outflow of $75.8K, suggests little accounting distortion: the costs look like routine corporate overhead rather than inventory, receivables, or other operating build-outs.

The balance sheet is unusual in a specific way: liabilities are only $702 against assets of $165K, so solvency is not the immediate issue. The constraint is runway—with no debt and no fresh capital since FY2022, each year of cash burn directly reduces the resources available to keep the entity operating. Positive equity is therefore a residue of past capital raising, not evidence of an operating engine generating replacement cash.

Financial Health Signals

Financial Profile 33/100

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 Circle Energy 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.

Leverage

100

Circle Energy Inc carries a low D/E ratio of 0.00, meaning only $0.00 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 179.44, Circle Energy Inc holds $179.44 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Circle Energy Inc generates a -44.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -26.8% the prior year.

Piotroski F-Score Weak

2/9

Circle Energy Inc passes 2 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

1.03x

For every $1 of reported earnings, Circle Energy Inc generates $1.03 in operating cash flow (-$76K OCF vs -$74K 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

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Earnings & Revenue

Revenue

Circle Energy Inc generated $0 in revenue in fiscal year 2025.

EBITDA

N/A

Net Income

-$74K

YoY-15.2%

Circle Energy Inc reported -$74K in net income in fiscal year 2025. This represents a decrease of 15.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$111K

YoY-42.1%

Circle Energy Inc held $111K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

Circle Energy Inc had 2M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-44.7%

YoY-17.9pp

Circle Energy Inc's ROE was -44.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CRCE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$0	$0	$0	$0	$0
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$74K+15.2%	$64K-18.4%	$78K+24.2%	$63K+27818.1%	$226
Operating Income	-$74K-15.2%	-$64K+18.4%	-$78K-24.2%	-$63K-1855.8%	-$3K
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0
Net Income	-$74K-15.2%	-$64K+18.4%	-$78K-24.2%	-$63K-1855.8%	-$3K
EPS (Diluted)	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	$0	$0	$0	$0	$0	$0	$0	$0
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	$34K	N/A	$17K-16.5%	$20K-16.7%	$24K	N/A	$15K+26.8%	$12K
Operating Income	-$34K-179.1%	-$12K+27.3%	-$17K+16.5%	-$20K+16.7%	-$24K-93.2%	-$13K+17.7%	-$15K-26.8%	-$12K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	N/A	$0	$0	$0	N/A	$0	$0
Net Income	-$34K-179.1%	-$12K+27.3%	-$17K+16.5%	-$20K+16.7%	-$24K-93.2%	-$13K+17.7%	-$15K-26.8%	-$12K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRCE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$165K-31.3%	$241K-22.4%	$310K-19.2%	$384K+60.3%	$240K
Current Assets	$126K-39.0%	$206K-25.2%	$276K-21.1%	$350K+45.9%	$240K
Cash & Equivalents	$111K-42.1%	$192K-26.5%	$261K-22.3%	$336K+43.1%	$235K
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$702-71.7%	$2K-69.0%	$8K+127.6%	$4K-98.5%	$240K
Current Liabilities	$702-71.7%	$2K-69.0%	$8K+127.6%	$4K-32.8%	$5K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$165K-30.9%	$238K-21.1%	$302K-20.6%	$381K	$0
Retained Earnings	-$282K-35.3%	-$209K-44.2%	-$145K-118.2%	-$66K-1955.8%	-$3K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$159K-3.9%	$165K-11.2%	$186K-9.6%	$206K-10.2%	$229K-4.8%	$241K-5.5%	$255K-6.0%	$271K
Current Assets	$119K-5.2%	$126K-14.2%	$147K-11.9%	$166K-14.6%	$195K-5.6%	$206K-6.4%	$220K-6.9%	$237K
Cash & Equivalents	$109K-2.3%	$111K-22.8%	$144K-9.9%	$160K-13.3%	$184K-4.0%	$192K-11.8%	$218K-4.1%	$227K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28K+3952.6%	$702-92.4%	$9K-23.7%	$12K-20.8%	$15K+513.5%	$2K-38.1%	$4K-20.0%	$5K
Current Liabilities	$28K+3952.6%	$702-92.4%	$9K-23.7%	$12K-20.8%	$15K+513.5%	$2K-38.1%	$4K-20.0%	$5K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$130K-20.8%	$165K-6.9%	$177K-8.7%	$194K-9.4%	$214K-10.2%	$238K-5.0%	$251K-5.7%	$266K
Retained Earnings	-$317K-12.1%	-$282K-4.5%	-$270K-6.7%	-$253K-8.7%	-$233K-11.6%	-$209K-6.4%	-$196K-8.4%	-$181K

CRCE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$76K-9.4%	-$69K+7.5%	-$75K-1.7%	-$74K-2680.1%	-$3K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5K	$0	$0+100.0%	-$35K	$0
Financing Cash Flow	$0	$0	$0-100.0%	$209K-11.9%	$238K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	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	-$3K+92.3%	-$33K-107.5%	-$16K+18.7%	-$19K-154.6%	-$8K+70.2%	-$26K-175.9%	-$9K+62.8%	-$25K
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	$0	$0	$0+100.0%	-$5K	$0	$0	$0	$0
Financing Cash Flow	$0	$0	$0	$0	$0	$0	$0	$0
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

CRCE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	-44.7%-17.9pp	-26.8%-0.9pp	-25.9%-9.3pp	-16.6%	N/A
Return on Assets	-44.5%-18.0pp	-26.5%-1.3pp	-25.3%-8.8pp	-16.4%-15.1pp	-1.4%
Current Ratio	179.44+96.1	83.33+48.8	34.50-65.1	99.56+53.7	45.86
Debt-to-Equity	0.000.0	0.01-0.0	0.03+0.0	0.01	N/A
FCF Margin	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
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	-26.3%-18.8pp	-7.4%+2.1pp	-9.5%+0.9pp	-10.4%+0.9pp	-11.3%-6.1pp	-5.3%+0.8pp	-6.1%-1.6pp	-4.5%
Return on Assets	-21.6%-14.2pp	-7.4%+1.7pp	-9.1%+0.7pp	-9.8%+0.8pp	-10.6%-5.4pp	-5.2%+0.8pp	-6.0%-1.6pp	-4.4%
Current Ratio	4.20-175.2	179.44+163.5	15.98+2.1	13.84+1.0	12.82-70.5	83.33+28.2	55.12+7.8	47.35
Debt-to-Equity	0.22+0.2	0.00-0.0	0.05-0.0	0.060.0	0.07+0.1	0.010.0	0.020.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Circle Energy Inc's annual revenue?

Circle Energy Inc (CRCE) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Circle Energy Inc profitable?

No, Circle Energy Inc (CRCE) reported a net income of -$74K in fiscal year 2025.

What is Circle Energy Inc's return on equity (ROE)?

Circle Energy Inc (CRCE) has a return on equity of -44.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Circle Energy Inc's operating cash flow?

Circle Energy Inc (CRCE) generated -$76K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Circle Energy Inc's total assets?

Circle Energy Inc (CRCE) had $165K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Circle Energy Inc have outstanding?

Circle Energy Inc (CRCE) had 2M shares outstanding as of fiscal year 2025.

What is Circle Energy Inc's current ratio?

Circle Energy Inc (CRCE) had a current ratio of 179.44 as of fiscal year 2025, which is generally considered healthy.

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

Circle Energy Inc (CRCE) 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 Circle Energy Inc's return on assets (ROA)?

Circle Energy Inc (CRCE) had a return on assets of -44.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Circle Energy Inc's cash runway?

Based on fiscal year 2025 data, Circle Energy Inc (CRCE) had $111K in cash against an annual operating cash burn of $76K. This gives an estimated cash runway of approximately 18 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 Circle Energy Inc's Piotroski F-Score?

Circle Energy Inc (CRCE) 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 Circle Energy Inc's earnings high quality?

Circle Energy Inc (CRCE) has an earnings quality ratio of 1.03x, 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 Circle Energy Inc?

Circle Energy Inc (CRCE) scores 33 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.