CO2 Energy Transition Corp. Financials
This page shows CO2 Energy Transition Corp. (NOEM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
CO2 Energy Transition Corp. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, CO2 Energy Transition Corp. generates $-0.45 in operating cash flow (-$745K OCF vs $1.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
CO2 Energy Transition Corp. earns $-130.5 in operating income for every $1 of interest expense (-$646K vs $5K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
CO2 Energy Transition Corp. reported $1.7M in net income in fiscal year 2025. This represents an increase of 62679.6% from the prior year.
CO2 Energy Transition Corp. held $288K in cash against $0 in long-term debt as of fiscal year 2025.
CO2 Energy Transition Corp. had 3M shares outstanding in fiscal year 2025. This represents a decrease of 72.0% from the prior year.
CO2 Energy Transition Corp.'s ROE was -92.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 92.2 percentage points from the prior year.
NOEM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | $154K-4.8% | $162K-4.9% | $171K | N/A | $27K+32.3% | $20K-1.7% | $20K |
| Operating Income | N/A | -$154K+4.8% | -$162K+4.9% | -$171K | N/A | -$27K-32.3% | -$20K+1.7% | -$20K |
| Interest Expense | N/A | $669-59.6% | $2K-36.9% | $3K | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $149K+1.2% | $147K+0.5% | $146K | N/A | N/A | N/A | N/A |
| Net Income | N/A | $435K+3.8% | $419K+3.1% | $406K | N/A | -$27K-32.3% | -$20K+1.7% | -$20K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $-0.01 | N/A | N/A |
NOEM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $72.5M+0.8% | $71.9M+0.8% | $71.4M+0.6% | $70.9M+0.6% | $70.5M+27538.8% | $255K | N/A | N/A |
| Current Assets | $383K-21.7% | $489K-23.2% | $637K-28.1% | $886K-24.5% | $1.2M+41949.3% | $3K | N/A | N/A |
| Cash & Equivalents | $288K-16.3% | $343K-26.8% | $469K-25.7% | $631K-33.7% | $953K+34035.7% | $3K+775.2% | $319-80.5% | $2K |
| 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 | $74.3M+1.0% | $73.6M+0.9% | $72.9M+0.7% | $72.4M+0.9% | $71.7M+10790.0% | $659K | N/A | N/A |
| Current Liabilities | $805K+29.3% | $623K+26.5% | $492K+6.6% | $461K+3.6% | $446K | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.8M-7.6% | -$1.7M-8.1% | -$1.5M-4.7% | -$1.5M-16.2% | -$1.3M-213.0% | -$404K-7.0% | -$377K-5.6% | -$357K |
| Retained Earnings | -$1.8M-7.6% | -$1.7M-8.1% | -$1.5M-4.7% | -$1.5M-16.2% | -$1.3M-194.8% | -$429K | N/A | N/A |
NOEM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$56K+55.6% | -$126K+44.4% | -$226K+32.9% | -$337K-60.1% | -$211K-1055.7% | -$18K-16.3% | -$16K+74.3% | -$61K |
| 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 | $0-100.0% | $64K+309.4% | $16K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | $70.2M+338841.6% | $21K+44.2% | $14K-76.3% | $61K |
| 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 |
NOEM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | -26.2%+1.1pp | -27.2%+0.4pp | -27.7% | N/A | 6.6%+1.3pp | 5.3%-0.4pp | 5.7% |
| Return on Assets | N/A | 0.6%+0.0pp | 0.6%+0.0pp | 0.6% | N/A | -10.4% | N/A | N/A |
| Current Ratio | 0.48-0.3 | 0.79-0.5 | 1.29-0.6 | 1.92-0.7 | 2.63 | N/A | N/A | N/A |
| Debt-to-Equity | -41.53+2.7 | -44.28+3.1 | -47.40+1.9 | -49.28+7.5 | -56.77-55.1 | -1.63 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$1.8M), 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 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
Is CO2 Energy Transition Corp. profitable?
Yes, CO2 Energy Transition Corp. (NOEM) reported a net income of $1.7M in fiscal year 2025.
What is CO2 Energy Transition Corp.'s return on equity (ROE)?
CO2 Energy Transition Corp. (NOEM) has a return on equity of -92.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CO2 Energy Transition Corp.'s operating cash flow?
CO2 Energy Transition Corp. (NOEM) generated -$745K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CO2 Energy Transition Corp.'s total assets?
CO2 Energy Transition Corp. (NOEM) had $72.5M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does CO2 Energy Transition Corp. have outstanding?
CO2 Energy Transition Corp. (NOEM) had 3M shares outstanding as of fiscal year 2025.
What is CO2 Energy Transition Corp.'s current ratio?
CO2 Energy Transition Corp. (NOEM) had a current ratio of 0.48 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is CO2 Energy Transition Corp.'s debt-to-equity ratio?
CO2 Energy Transition Corp. (NOEM) had a debt-to-equity ratio of -41.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CO2 Energy Transition Corp.'s return on assets (ROA)?
CO2 Energy Transition Corp. (NOEM) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CO2 Energy Transition Corp.'s cash runway?
Based on fiscal year 2025 data, CO2 Energy Transition Corp. (NOEM) had $288K in cash against an annual operating cash burn of $745K. This gives an estimated cash runway of approximately 5 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 CO2 Energy Transition Corp.'s debt-to-equity ratio negative or unusual?
CO2 Energy Transition Corp. (NOEM) has negative shareholder equity of -$1.8M as of fiscal year 2025, 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 CO2 Energy Transition Corp.'s Piotroski F-Score?
CO2 Energy Transition Corp. (NOEM) 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 CO2 Energy Transition Corp.'s earnings high quality?
CO2 Energy Transition Corp. (NOEM) has an earnings quality ratio of -0.45x, 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.
Can CO2 Energy Transition Corp. cover its interest payments?
CO2 Energy Transition Corp. (NOEM) has an interest coverage ratio of -130.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.