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CO2 Energy Transition Corp. Financials

NOEM
FY2025 annual
Revenue Not reported for FY2025
Net Income $1.7M +62679.6% YoY
EPS (Diluted) Not reported for FY2025
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

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).

Rhea AI NOEM FY2025

The visible mechanic is accounting income detached from cash, within a negative-equity balance sheet that needs outside funding.

Earnings quality looks weak because FY2025 reported $1.7M of net income while still showing a -$646K operating loss and -$745K of operating cash flow; FY2024 showed the same mismatch in milder form. That combination usually means the reported profit line is being shaped more by below-the-operating-line accounting items than by a business model that is funding itself.

Liquidity tightened sharply even though total assets stayed near $72.5M: cash fell from $953K in FY2024 to $288K in FY2025, and the current ratio dropped from 2.6x to 0.5x. In plain terms, the balance sheet remained large, but the readily available cash supporting near-term obligations became much thinner.

Asset growth was financed externally, not from operations. In FY2024, a -$69.0M investing outflow was almost matched by $70.3M of financing inflow, and liabilities stayed above assets in both FY2024 and FY2025, leaving negative book equity of -$1.8M at the latest year-end rather than a capital cushion.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

CO2 Energy Transition Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

CO2 Energy Transition Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, CO2 Energy Transition Corp. used $0.45 of operating cash (-$745K OCF vs $1.7M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk
N/A

CO2 Energy Transition Corp. reported an operating loss of $646K against $5K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Net Income
$1.7M
YoY+62679.6%

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.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$288K
YoY-69.8%

CO2 Energy Transition Corp. held $288K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding
10M
YoY0.0%

CO2 Energy Transition Corp. had 10M shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

None of these metrics is reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

NOEM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NOEM annual income statement
MetricTTMFY25FY24FY23
SG&A ExpensesN/A$646K+162.6%$246K+33.5%$184K
Operating IncomeN/A-$646K-162.6%-$246K-33.5%-$184K
Interest ExpenseN/A$5K+355.5%$1KN/A
Income TaxN/A$579K+849.0%$61KN/A
Net IncomeN/A$1.7M+62679.6%$3K+101.4%-$184K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EPS (Diluted).

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

NOEM Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NOEM annual balance sheet
MetricFY25FY24FY23
Total Assets$72.5M+2.9%$70.5M+28131.0%$250K
Current Assets$383K-67.4%$1.2M+55487.9%$2K
Cash & Equivalents$288K-69.8%$953K+45026.4%$2K
Total Liabilities$74.3M+3.5%$71.7M+12133.0%$587K
Current Liabilities$805K+80.7%$446K-24.0%$587K
Total Equity-$1.8M-41.5%-$1.3M-275.2%-$337K
Retained Earnings-$1.8M-41.5%-$1.3M-249.4%-$362K

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

NOEM Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NOEM annual cash flow statement
MetricTTMFY25FY24FY23
Operating Cash Flow-$1.4M-$745K-143.9%-$306K-166.4%-$115K
Investing Cash Flow$645K$80K+100.1%-$69.0MN/A
Financing Cash FlowN/AN/A$70.3M+60056.3%$117K

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

NOEM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

NOEM annual financial ratios
MetricFY25FY24FY23
Return on Assets2.3%+2.3pp0.0%+73.8pp-73.8%
Current Ratio0.48-2.2x2.63+2.6x0.00

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.

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 operating cash flow?

CO2 Energy Transition Corp. (NOEM) recorded an outflow of $745K in operating cash flow during fiscal year 2025, representing cash used by 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.

CO2 Energy Transition Corp. (NOEM) had 10M shares outstanding as of fiscal year 2025.

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.

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.

CO2 Energy Transition Corp. (NOEM) has negative shareholder equity of -$1.8M as of fiscal year 2025, so no debt-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.

CO2 Energy Transition Corp. (NOEM) has a Piotroski F-Score of 3 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.

For every $1 of reported earnings, CO2 Energy Transition Corp. (NOEM) used $0.45 of operating cash (-$745K OCF vs $1.7M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.

CO2 Energy Transition Corp. (NOEM) reported an operating loss of $646K against $5K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.

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