Factorial Energy (FAC) Financials
Ticker history: CGCT became FAC (Factorial Energy Inc.) on . Earlier news and filings retain their original names and dates. View CGCT history.
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 Nov 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FAC SEC filings page.
This page shows Factorial Energy Inc. (FAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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.
Factorial’s shrinking asset base now sits beneath a larger liability burden, while losses deepen despite lower operating spending.
Net loss deepened from$54.3M in FY2024 to$73.8M in FY2025, while operating cash outflow narrowed. That earnings–cash mismatch, alongside FY2025 free cash flow of-$31.2M , shows reported earnings and cash consumption are moving differently rather than directly together.
Assets fell
R&D fell
Financial Health Signals
We do not publish a peer-relative financial health score for Factorial Energy Inc., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Factorial Energy Inc. passes 1 of 6 computable financial strength tests (3 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).
Factorial Energy Inc. reported a net loss of $73.8M while operations used $30.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Factorial Energy Inc. generated $26K in revenue in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Factorial Energy Inc.'s EBITDA was -$15.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Factorial Energy Inc. reported $8.8M in net income in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Factorial Energy Inc. recorded an outflow of $17.5M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Factorial Energy Inc. held $95.4M in cash against $0 in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Factorial Energy Inc.'s quarterly ROE was 9.3% in Q3 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 22.6 percentage points.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Factorial Energy Inc. invested $4.1M in research and development in Q3 2026. This represents a decrease of 30.8% from the same quarter a year earlier. Against the prior quarter it is down 38.2%.
Factorial Energy Inc. invested $2.8M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 2769.7% from the same quarter a year earlier. Against the prior quarter it is up 3739.2%.
Not reported for Q3 2026.
FAC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26Kn/m | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Cost of Revenue | $1.8Mn/m | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Gross Profit | -$1.8Mn/m | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| R&D Expenses | $4.1M-30.8% | $6.6M-2.4% | $1.9M | N/A | $5.9M | $6.7M | N/A | N/A |
| SG&A Expenses | $6.5M+42.3% | $6.4M+37.0% | $4.5M | N/A | $4.6M | $4.7M | N/A | $43K |
| Operating Income | -$16.4Mn/m | -$13.0Mn/m | -$6.5M | N/A | -$27.5M | -$11.4M | N/A | -$43K |
| EBITDA | -$15.5Mn/m | -$12.0Mn/m | -$5.6M | N/A | -$26.2M | -$9.2M | N/A | N/A |
| Income Tax | $0n/m | $0n/m | $0n/m | N/A | $0 | $0 | $0 | $0 |
| Net Income | $8.8Mn/m | -$11.3Mn/m | -$8.6M | N/A | -$34.6M | -$10.6M | N/A | -$43K |
| EPS (Basic) | $0.08 | -$0.26 | -$1.70n/m | N/A | -$1.88 | -$0.57 | -$2.57 | N/A |
| EPS (Diluted) | $0.07 | -$0.36 | -$1.70n/m | N/A | -$1.88 | -$0.57 | -$2.57 | N/A |
| Diluted Shares (Avg) | 122M | 44M | 5M+0.8% | N/A | 18M | 18M | 5M | N/A |
Not reported in any period shown, so not listed: Interest Expense.
FAC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $134.3M-52.3% | $142.7M-48.8% | $62.4M+8738.0% | $62.8M-45.9% | $281.6M | $278.8M | $706K | $116.0M |
| Current Assets | $102.0M+12257.3% | $115.6M+11940.7% | $34.0M | $32.9M-33.7% | $825K | $960K | N/A | $49.6M |
| Cash & Equivalents | $95.4M+158.4% | $112.8M+226.7% | $25.4M | $28.9M-40.1% | $36.9M | $34.5M | N/A | $48.3M |
| Short-Term Investments | $0n/m | $0n/m | $0 | $0n/m | $0 | $0 | N/A | $0 |
| Inventory | $807K | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0 | $0n/m | $0 | $0 | N/A | $0 |
| Total Liabilities | $38.8M-92.1% | $57.7M-87.3% | $291.0M+75.1% | $284.2M+4.3% | $489.2M | $453.3M | $166.2M | $272.5M |
| Current Liabilities | $10.4M+2524.5% | $6.6M+1464.8% | $6.2M+731.3% | $5.1M+14.9% | $396K | $422K | $744K | $4.4M |
| Non-Current Liabilities | $28.4M-94.2% | $51.1M-88.7% | $284.8M+72.2% | $279.1M+4.1% | $488.8M | $452.9M | $165.5M | $268.1M |
| Long-Term Debt | $0 | $0 | N/A | $18.9M | N/A | N/A | N/A | N/A |
| Total Equity | $95.4Mn/m | $85.0Mn/m | -$228.6Mn/m | -$221.4Mn/m | -$207.7M | -$174.5M | -$165.5M | -$156.5M |
| Retained Earnings | -$266.7Mn/m | -$275.5Mn/m | -$264.2Mn/m | -$255.6Mn/m | -$12.6M | -$12.5M | -$63K | -$181.7M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
FAC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$14.7Mn/m | -$5.3Mn/m | -$6.1M | -$9.9M | -$7.1M | -$7.0M | N/A | N/A |
| Depreciation & Amortization | $948K-29.0% | $920K-58.1% | $882K-59.7% | $1.0M | $1.3M | $2.2M | $2.2M | N/A |
| Stock-Based Compensation | $600K-64.0% | $1.0M-40.7% | $1.5M-60.2% | N/A | $1.7M | $1.7M | $3.9M | N/A |
| Capital Expenditures | $2.8M+2769.7% | $74K+469.2% | $482K+180.2% | $765K | $99K | $13K | $172K | N/A |
| Free Cash Flow | -$17.5Mn/m | -$5.3Mn/m | -$6.6M | -$10.7M | -$7.2M | -$7.0M | N/A | N/A |
| Investing Cash Flow | -$2.8Mn/m | -$91Kn/m | -$487Kn/m | $1.6M | -$99K | -$13K | -$172K | N/A |
| Financing Cash Flow | $33K-99.7% | $92.8Mn/m | $3.3Mn/m | -$2.0M | $9.7M | -$203K | -$205K | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FAC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -6942.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -63211.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 34000.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 9.3% | -13.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 6.6%+18.9pp | -8.0%-4.2pp | -13.7% | N/A | -12.3% | -3.8% | N/A | 0.0% |
| Current Ratio | 9.81+7.7x | 17.52+15.2x | 5.50 | 6.48-4.8x | 2.08 | 2.28 | N/A | 11.23 |
| Debt-to-Equity | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.41 | 0.68 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.000.0x | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A |
| FCF Margin | -67492.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$221.4M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Factorial Energy Inc. FAC | FY2025 | N/A | -$73.8M | N/A | $455.9M | — |
| Kimball Electronics, Inc. KE | FY2026 | $1.4B | $28.0M | 1.9% | $466.6M | 51/100 |
| Hyliion Holdings Corp. HYLN | FY2025 | $3.5M | -$57.2M | N/A | $534.0M | 83/100 |
| Ballard Power Systems Inc. BLDP | FY2025 | $99.4M | -$90.9M | -91.5% | $519.6M | 65/100 |
| Enovix Corporation ENVX | FY2025 | $31.8M | -$156.7M | N/A | $579.3M | 67/100 |
| Energy Vault Holdings, Inc. NRGV | FY2025 | $203.7M | -$103.6M | -50.9% | $641.9M | 18/100 |
Where Factorial Energy Inc. Ranks
Frequently Asked Questions
No, Factorial Energy Inc. (FAC) reported a net loss of $73.8M in fiscal year 2025.
Factorial Energy Inc. (FAC) had EBITDA of -$56.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Factorial Energy Inc. (FAC) had $28.9M in cash and equivalents against $18.9M in long-term debt.
Factorial Energy Inc. (FAC) recorded an outflow of $31.2M in free cash flow during fiscal year 2025. 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.
Factorial Energy Inc. (FAC) recorded an outflow of $30.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Factorial Energy Inc. (FAC) had $62.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Factorial Energy Inc. (FAC) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Factorial Energy Inc. (FAC) invested $24.3M in research and development during fiscal year 2025.
Factorial Energy Inc. (FAC) had a current ratio of 6.48 as of fiscal year 2025, which is generally considered healthy.
Factorial Energy Inc. (FAC) had a return on assets of -117.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Factorial Energy Inc. (FAC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $455.9M as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Factorial Energy Inc. (FAC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $455.9M as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Factorial Energy Inc. (FAC) held $28.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $30.2M over that year. Dividing the one by the other, the reported balance equals about 11 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.
Factorial Energy Inc. (FAC) has negative shareholder equity of -$221.4M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Factorial Energy Inc. (FAC) has a Piotroski F-Score of 1 out of 6 computable signals; 3 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.
Factorial Energy Inc. (FAC) reported a net loss of $73.8M while operations used $30.2M 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.