Cootek (Cayman) Inc. Financials

CTKYY

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Cootek (Cayman) Inc. (CTKYY) 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).

Financial Health Signals

Altman Z-Score Distress

-30.39

Cootek (Cayman) Inc. scores -30.39, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($744K) relative to total liabilities ($9.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak

3/9

Cootek (Cayman) Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-4.51x

For every $1 of reported earnings, Cootek (Cayman) Inc. generates $-4.51 in operating cash flow (-$287K OCF vs $64K 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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Revenue

$30.3M

YoY-5.2%

5Y CAGR-29.8%

Cootek (Cayman) Inc. generated $30.3M in revenue in fiscal year 2024. This represents a decrease of 5.2% from the prior year.

EBITDA

$204K

YoY+109.5%

Cootek (Cayman) Inc.'s EBITDA was $204K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 109.5% from the prior year.

Free Cash Flow

N/A

Net Income

$64K

YoY+102.4%

Cootek (Cayman) Inc. reported $64K in net income in fiscal year 2024. This represents an increase of 102.4% from the prior year.

EPS (Diluted)

$0.00

YoY+100.0%

Cootek (Cayman) Inc. earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.

Cash & Debt

$4.1M

YoY+69.1%

5Y CAGR-41.5%

Cootek (Cayman) Inc. held $4.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

71.1%

YoY-10.0pp

5Y CAGR-20.3pp

Cootek (Cayman) Inc.'s gross margin was 71.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 10.0 percentage points from the prior year.

Operating Margin

0.5%

YoY+8.4pp

5Y CAGR+21.2pp

Cootek (Cayman) Inc.'s operating margin was 0.5% in fiscal year 2024, reflecting core business profitability. This is up 8.4 percentage points from the prior year.

Net Margin

0.2%

YoY+8.3pp

5Y CAGR+20.9pp

Cootek (Cayman) Inc.'s net profit margin was 0.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.8M

YoY-47.0%

5Y CAGR-32.3%

Cootek (Cayman) Inc. invested $3.8M in research and development in fiscal year 2024. This represents a decrease of 47.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

CTKYY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$30.3M-5.2%	$32.0M-61.9%	$83.9M-69.2%	$272.1M-38.4%	$441.5M+148.2%	$177.9M
Cost of Revenue	$8.8M+45.2%	$6.0M-53.8%	$13.1M-60.2%	$32.8M+36.0%	$24.1M+57.7%	$15.3M
Gross Profit	$21.6M-16.9%	$25.9M-63.4%	$70.9M-70.4%	$239.3M-42.7%	$417.4M+156.7%	$162.6M
R&D Expenses	$3.8M-47.0%	$7.2M-53.5%	$15.5M-54.9%	$34.4M+16.1%	$29.7M+10.2%	$26.9M
SG&A Expenses	$3.0M-31.8%	$4.4M-63.2%	$11.9M-33.2%	$17.8M+18.6%	$15.0M-7.6%	$16.3M
Operating Income	$153K+106.0%	-$2.5M-270.4%	$1.5M+117.1%	-$8.7M+81.8%	-$47.8M-30.1%	-$36.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$9K-56.8%	$21K+130.0%	$9K-82.6%	$52K+633.3%	$7K+313.5%	$2K
Net Income	$64K+102.4%	-$2.6M-604.1%	$515K+103.7%	-$13.9M+70.7%	-$47.4M-28.6%	-$36.8M
EPS (Diluted)	$0.00+100.0%	$-0.00-600.0%	$0.00+102.0%	$-0.01+75.0%	$-0.02-100.0%	$-0.01

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q3'20	Q4'19
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

CTKYY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.0M-3.2%	$9.3M-56.6%	$21.4M-62.1%	$56.4M-41.8%	$96.9M-4.8%	$101.8M
Current Assets	$8.5M+2.7%	$8.2M-57.1%	$19.2M-62.2%	$50.8M-25.5%	$68.2M-28.7%	$95.6M
Cash & Equivalents	$4.1M+69.1%	$2.4M-74.9%	$9.7M-46.7%	$18.2M-26.1%	$24.7M-58.8%	$59.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.9M+22.5%	$2.3M-52.8%	$4.9M-77.0%	$21.5M-23.6%	$28.1M+3.2%	$27.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1M-5.9%	$9.7M-52.3%	$20.3M-67.6%	$62.4M-43.6%	$110.7M+75.9%	$62.9M
Current Liabilities	$9.1M-3.5%	$9.4M-51.8%	$19.6M-68.5%	$62.0M-43.8%	$110.2M+76.9%	$62.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$117K+70.0%	-$390K-134.5%	$1.1M+118.8%	-$6.0M+56.5%	-$13.8M-135.5%	$38.9M
Retained Earnings	-$216.9M0.0%	-$216.9M-1.2%	-$214.3M+0.2%	-$214.8M-6.9%	-$201.0M-30.8%	-$153.6M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q3'20	Q4'19
Total Assets	$9.0M-3.2%	$9.3M-56.6%	$21.4M-62.1%	$56.4M-35.5%	$87.5M-9.7%	$96.9M-10.5%	$108.3M+6.4%	$101.8M
Current Assets	$8.5M+2.7%	$8.2M-57.1%	$19.2M-62.2%	$50.8M-36.0%	$79.4M+16.5%	$68.2M-31.1%	$98.9M+3.4%	$95.6M
Cash & Equivalents	$4.1M+69.1%	$2.4M-74.9%	$9.7M-46.7%	$18.2M-48.9%	$35.7M+44.6%	$24.7M-57.8%	$58.5M-2.4%	$59.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.9M+22.5%	$2.3M-52.8%	$4.9M-77.0%	$21.5M-31.7%	$31.5M+11.8%	$28.1M-3.3%	$29.1M+6.7%	$27.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1M-5.9%	$9.7M-52.3%	$20.3M-67.6%	$62.4M-38.5%	$101.5M-8.3%	$110.7M+7.7%	$102.8M+63.3%	$62.9M
Current Liabilities	$9.1M-3.5%	$9.4M-51.8%	$19.6M-68.5%	$62.0M-38.5%	$100.9M-8.5%	$110.2M+7.8%	$102.3M+64.1%	$62.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$117K+70.0%	-$390K-134.5%	$1.1M+118.8%	-$6.0M+57.1%	-$14.0M-1.4%	-$13.8M-348.8%	$5.5M-85.7%	$38.9M
Retained Earnings	-$216.9M0.0%	-$216.9M-1.2%	-$214.3M+0.2%	-$214.8M-0.8%	-$213.1M-6.0%	-$201.0M-10.3%	-$182.2M-18.6%	-$153.6M

CTKYY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$287K+95.6%	-$6.6M-604.2%	$1.3M+102.5%	-$51.0M-5892.7%	-$852K+94.6%	-$15.7M
Capital Expenditures	N/A	$76K+5808.7%	$1K-99.9%	$1.5M-49.8%	$2.9M-38.7%	$4.8M
Free Cash Flow	N/A	-$6.6M-610.6%	$1.3M+102.5%	-$52.5M-1292.2%	-$3.8M+81.5%	-$20.4M
Investing Cash Flow	$81K-91.6%	$960K+84.0%	$522K+129.3%	-$1.8M+32.7%	-$2.6M+50.4%	-$5.3M
Financing Cash Flow	$1.8M+193.6%	-$2.0M+83.2%	-$11.6M-155.6%	$20.9M+345.9%	-$8.5M-123.9%	-$3.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$1.3M-86.1%	$9.5M-22.8%	$12.3M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q3'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	-$6.8M+52.6%	-$14.4M-544.8%	$3.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$682K-6.6%	$730K+10.1%	$664K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$7.5M+50.4%	-$15.1M-688.0%	$2.6M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$282K-102.3%	$12.3M+1094.2%	-$1.2M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$5.6M-154.8%	-$2.2M-252.0%	$1.4M
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	$1.3M-40.2%	$2.3M-11.2%	$2.5M

CTKYY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	71.1%-10.0pp	81.1%-3.3pp	84.4%-3.5pp	87.9%-6.6pp	94.5%+3.1pp	91.4%
Operating Margin	0.5%+8.4pp	-7.9%-9.7pp	1.8%+5.0pp	-3.2%+7.6pp	-10.8%+9.8pp	-20.7%
Net Margin	0.2%+8.3pp	-8.1%-8.7pp	0.6%+5.7pp	-5.1%+5.6pp	-10.7%+10.0pp	-20.7%
Return on Equity	N/A	N/A	45.5%	N/A	N/A	N/A
Return on Assets	0.7%+28.7pp	-28.0%-30.4pp	2.4%+27.0pp	-24.6%+24.3pp	-48.9%-12.7pp	-36.2%
Current Ratio	0.93+0.1	0.87-0.1	0.98+0.2	0.82+0.2	0.62-0.9	1.53
Debt-to-Equity	-77.77-53.0	-24.82-42.7	17.91+28.3	-10.40-2.4	-8.02-9.6	1.62
FCF Margin	N/A	-20.8%-22.3pp	1.6%+20.8pp	-19.3%-18.4pp	-0.9%+10.6pp	-11.5%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q3'20	Q4'19
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	0.93+0.1	0.87-0.1	0.98+0.2	0.82+0.0	0.79+0.2	0.62-0.3	0.97-0.6	1.53
Debt-to-Equity	-77.77-53.0	-24.82-42.7	17.91+28.3	-10.40-3.2	-7.25+0.8	-8.02-26.5	18.53+16.9	1.62
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$117K), 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 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Cootek (Cayman) Inc.'s annual revenue?

Cootek (Cayman) Inc. (CTKYY) reported $30.3M in total revenue for fiscal year 2024. This represents a -5.2% 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 Cootek (Cayman) Inc.'s revenue growing?

Cootek (Cayman) Inc. (CTKYY) revenue declined by 5.2% year-over-year, from $32.0M to $30.3M in fiscal year 2024.

Is Cootek (Cayman) Inc. profitable?

Yes, Cootek (Cayman) Inc. (CTKYY) reported a net income of $64K in fiscal year 2024, with a net profit margin of 0.2%.

What is Cootek (Cayman) Inc.'s earnings per share (EPS)?

Cootek (Cayman) Inc. (CTKYY) reported diluted earnings per share of $0.00 for fiscal year 2024. This represents a 100.0% 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 Cootek (Cayman) Inc.'s EBITDA?

Cootek (Cayman) Inc. (CTKYY) had EBITDA of $204K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cootek (Cayman) Inc.'s gross margin?

Cootek (Cayman) Inc. (CTKYY) had a gross margin of 71.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cootek (Cayman) Inc.'s operating margin?

Cootek (Cayman) Inc. (CTKYY) had an operating margin of 0.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cootek (Cayman) Inc.'s net profit margin?

Cootek (Cayman) Inc. (CTKYY) had a net profit margin of 0.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cootek (Cayman) Inc.'s operating cash flow?

Cootek (Cayman) Inc. (CTKYY) generated -$287K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cootek (Cayman) Inc.'s total assets?

Cootek (Cayman) Inc. (CTKYY) had $9.0M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Cootek (Cayman) Inc. spend on research and development?

Cootek (Cayman) Inc. (CTKYY) invested $3.8M in research and development during fiscal year 2024.

What is Cootek (Cayman) Inc.'s current ratio?

Cootek (Cayman) Inc. (CTKYY) had a current ratio of 0.93 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Cootek (Cayman) Inc.'s debt-to-equity ratio?

Cootek (Cayman) Inc. (CTKYY) had a debt-to-equity ratio of -77.77 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cootek (Cayman) Inc.'s return on assets (ROA)?

Cootek (Cayman) Inc. (CTKYY) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cootek (Cayman) Inc.'s cash runway?

Based on fiscal year 2024 data, Cootek (Cayman) Inc. (CTKYY) had $4.1M in cash against an annual operating cash burn of $287K. This gives an estimated cash runway of approximately 172 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 Cootek (Cayman) Inc.'s debt-to-equity ratio negative or unusual?

Cootek (Cayman) Inc. (CTKYY) has negative shareholder equity of -$117K 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 Cootek (Cayman) Inc.'s Altman Z-Score?

Cootek (Cayman) Inc. (CTKYY) has an Altman Z-Score of -30.39, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cootek (Cayman) Inc.'s Piotroski F-Score?

Cootek (Cayman) Inc. (CTKYY) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cootek (Cayman) Inc.'s earnings high quality?

Cootek (Cayman) Inc. (CTKYY) has an earnings quality ratio of -4.51x, 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.