CTW Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Oct 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CTW SEC filings page.
CTW (CTW) reported $82.5M in revenue for fiscal year 2026, down 8.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
FY2026 exposed a weakening cost structure: lower sales and heavier delivery costs pushed the business into operating losses.
From FY2024 to FY2026, revenue increased20.6% while cost of revenue rose75.6% , pushing gross margin down10.8 pp ; the pressure came from costs growing much faster than sales. Cash conversion also deteriorated: operating cash flow moved from$1.6M in FY2024 to-$3.2M in FY2026 as net income shifted from a$6.0M profit to a$4.1M loss.
Selling, general and administrative expense expanded
The balance sheet expanded with equity up
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CTW'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.
CTW has an operating margin of -8.9%, meaning the company loses $9 on every $100 of revenue. This results in a profitability score of 22/100. This is down from -1.2% the prior year.
CTW's revenue declined 8.7% year-over-year, from $90.4M to $82.5M. This contraction results in a growth score of 64/100.
CTW's current ratio of 1.57 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
CTW's operations used $3.2M of cash, and capex of $408K added to the outflow, for a free cash flow shortfall of $3.6M. This results in a cash flow score of 22/100.
CTW posts a -12.1% return on equity (ROE), meaning it loses $12 for every $100 of shareholders' equity. This results in a returns score of 16/100. This is down from 13.9% the prior year.
CTW scores 5.10, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $109.2M against total liabilities of $20.7M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CTW passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
CTW reported a net loss of $4.1M while operations used $3.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
CTW generated $82.5M in revenue in fiscal year 2026. This represents a decrease of 8.7% from the prior year.
CTW's EBITDA was -$4.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 396.2% from the prior year.
CTW reported a net loss of $4.1M in fiscal year 2026. This represents a decrease of 207.9% from the prior year.
CTW earned -$0.07 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 216.7% from the prior year.
Cash & Balance Sheet
CTW recorded an outflow of $3.6M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
CTW held $14.4M in cash as of fiscal year 2026; no long-term debt figure is on record for that period.
Not reported for fiscal year 2026.
Margins & Returns
CTW's gross margin was 65.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 10.1 percentage points from the prior year.
CTW's operating margin was -8.9% in fiscal year 2026, reflecting core business profitability. This is down 7.7 percentage points from the prior year.
CTW's net profit margin was -5.0% in fiscal year 2026, showing the share of revenue converted to profit. This is down 9.3 percentage points from the prior year.
CTW's ROE was -12.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 26.0 percentage points from the prior year.
Capital Allocation
CTW invested $3.8M in research and development in fiscal year 2026. This represents a decrease of 31.2% from the prior year.
CTW invested $408K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 30.2% from the prior year.
Not reported for fiscal year 2026.
CTW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|---|
| Revenue | $82.5M-8.7% | $90.4M+32.1% | $68.4M+8.7% | $62.9M |
| Cost of Revenue | $28.5M+29.2% | $22.0M+36.0% | $16.2M-4.9% | $17.0M |
| Gross Profit | $54.0M-20.9% | $68.3M+30.9% | $52.2M+13.8% | $45.9M |
| R&D Expenses | $3.8M-31.2% | $5.5M+480.5% | $952K-67.3% | $2.9M |
| SG&A Expenses | $11.7M+37.9% | $8.5M+63.8% | $5.2M+15.7% | $4.5M |
| Operating Income | -$7.3Mn/m | -$1.1M-116.0% | $6.7M+19.1% | $5.6M |
| EBITDA | -$4.8M-396.2% | $1.6M-81.6% | $8.7M+37.0% | $6.4M |
| Income Tax | -$1.7M-393.7% | $577K-74.0% | $2.2M+20.7% | $1.8M |
| Net Income | -$4.1M-207.9% | $3.8M-36.0% | $6.0M+75.9% | $3.4M |
| EPS (Basic) | -$0.07-216.7% | $0.06-40.0% | $0.10+66.7% | $0.06 |
| EPS (Diluted) | -$0.07-216.7% | $0.06-40.0% | $0.10+66.7% | $0.06 |
| Diluted Shares (Avg) | 62M+4.0% | 60M0.0% | 60M0.0% | 60M |
Not reported in any period shown, so not listed: Interest Expense.
CTW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|---|
| Total Assets | $54.8M+17.9% | $46.5M+5.8% | $43.9M | N/A |
| Current Assets | $20.5M+13.7% | $18.1M-0.5% | $18.2M | N/A |
| Cash & Equivalents | $14.4M+18.3% | $12.2M-15.6% | $14.5M-0.9% | $14.6M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| Accounts Receivable | $1.7M+19.8% | $1.4M+2.2% | $1.4M | N/A |
| Long-Term Investments | $226K-60.8% | $577K-27.9% | $800K+50.5% | $531K |
| Total Liabilities | $20.7M+10.0% | $18.9M-6.2% | $20.1M | N/A |
| Current Liabilities | $13.1M+54.9% | $8.4M-29.9% | $12.0M | N/A |
| Non-Current Liabilities | $7.7M-26.3% | $10.4M+28.9% | $8.1M | N/A |
| Total Equity | $34.1M+23.4% | $27.6M+16.0% | $23.8M+26.2% | $18.9M |
| Retained Earnings | $27.7M-13.0% | $31.9M+13.6% | $28.0M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
CTW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|---|
| Operating Cash Flow | -$3.2M-2934.6% | $111K-93.0% | $1.6M-38.0% | $2.6M |
| Depreciation & Amortization | $2.6M-4.2% | $2.7M+29.3% | $2.1M+165.3% | $779K |
| Stock-Based Compensation | $2.0M | N/A | N/A | N/A |
| Capital Expenditures | $408K-30.2% | $585K-17.7% | $710K+427.1% | $135K |
| Free Cash Flow | -$3.6Mn/m | -$473K-154.0% | $877K-63.8% | $2.4M |
| Investing Cash Flow | -$4.7Mn/m | -$1.2Mn/m | -$1.2Mn/m | -$485K |
| Financing Cash Flow | $10.5Mn/m | -$1.1M | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CTW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2620-F | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|---|
| Gross Margin | 65.5%-10.1pp | 75.6%-0.7pp | 76.3%+3.4pp | 72.9% |
| Operating Margin | -8.9%-7.7pp | -1.2%-10.9pp | 9.7%+0.8pp | 8.9% |
| Net Margin | -5.0%-9.3pp | 4.2%-4.5pp | 8.7%+3.3pp | 5.4% |
| Return on Equity | -12.1%-26.0pp | 13.9%-11.2pp | 25.1%+7.1pp | 18.0% |
| Return on Assets | -7.5%-15.8pp | 8.2%-5.4pp | 13.6% | N/A |
| Current Ratio | 1.57-0.6x | 2.15+0.6x | 1.51 | N/A |
| Liabilities-to-Equity | 0.61-0.1x | 0.68-0.2x | 0.84 | N/A |
| Asset Turnover | 1.50-0.4x | 1.94+0.4x | 1.56 | N/A |
| FCF Margin | -4.3%-3.8pp | -0.5%-1.8pp | 1.3%-2.6pp | 3.9% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CTW CTW | FY2026 | $82.5M | -$4.1M | -5.0% | $109.2M | 38/100 |
| PLAYSTUDIOS, Inc. MYPS | FY2025 | $235.1M | -$28.6M | -12.2% | $45.4M | 48/100 |
| DarkIris Inc. DKI | FY2025 | $10.1M | -$8.6M | -85.8% | $135K | 46/100 |
| GD Culture Group Limited GDC | FY2025 | N/A | -$186.9M | N/A | $4.8M | — |
Where CTW Ranks
Frequently Asked Questions
What is CTW's annual revenue?
CTW (CTW) reported $82.5M in total revenue for fiscal year 2026. This represents a -8.7% 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 CTW's revenue growing?
CTW (CTW) revenue declined by 8.7% year-over-year, from $90.4M to $82.5M in fiscal year 2026.
Is CTW profitable?
No, CTW (CTW) reported a net loss of $4.1M in fiscal year 2026, with a net profit margin of -5.0%.
What is CTW's EBITDA?
CTW (CTW) had EBITDA of -$4.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is CTW's gross margin?
CTW (CTW) had a gross margin of 65.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is CTW's operating margin?
CTW (CTW) had an operating margin of -8.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is CTW's net profit margin?
CTW (CTW) had a net profit margin of -5.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is CTW's return on equity (ROE)?
CTW (CTW) has a return on equity of -12.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is CTW's free cash flow?
CTW (CTW) recorded an outflow of $3.6M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 CTW's operating cash flow?
CTW (CTW) recorded an outflow of $3.2M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are CTW's total assets?
CTW (CTW) had $54.8M in total assets as of fiscal year 2026, including both current and long-term assets.
What are CTW's capital expenditures?
CTW (CTW) invested $408K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does CTW spend on research and development?
CTW (CTW) invested $3.8M in research and development during fiscal year 2026.
What is CTW's current ratio?
CTW (CTW) had a current ratio of 1.57 as of fiscal year 2026, which is generally considered healthy.
What is CTW's liabilities-to-equity ratio?
CTW (CTW) had a liabilities-to-equity ratio of 0.61 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2026, because the filing data we hold for that year carries no long-term debt figure.
What is CTW's return on assets (ROA)?
CTW (CTW) had a return on assets of -7.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is CTW's P/E ratio?
CTW (CTW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $109.2M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CTW's price-to-sales ratio?
CTW (CTW) trades at 1.3x sales, its market capitalization divided by $82.5M revenue, FY2026. The market capitalization is $109.2M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does CTW's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, CTW (CTW) held $14.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.2M over that year. Dividing the one by the other, the reported balance equals about 56 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is CTW's Altman Z-Score?
CTW (CTW) has an Altman Z-Score of 5.10, placing it in the Safe Zone (low 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 CTW's Piotroski F-Score?
CTW (CTW) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 CTW's earnings high quality?
CTW (CTW) reported a net loss of $4.1M while operations used $3.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 CTW?
CTW (CTW) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.