What is Planet Green's earnings per share (EPS)?

Planet Green (PLAG) reported diluted earnings per share of $-2.21 for fiscal year 2025. This represents a -116.7% 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.

Planet Green Financials

PLAG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Planet Green (PLAG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Earnings Quality Low Quality

0.24x

For every $1 of reported earnings, Planet Green generates $0.24 in operating cash flow (-$1.8M OCF vs -$7.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-113.4x

Planet Green earns $-113.4 in operating income for every $1 of interest expense (-$17.6M vs $156K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.0M

YoY-54.8%

5Y CAGR-3.5%

10Y CAGR-31.9%

Planet Green generated $3.0M in revenue in fiscal year 2025. This represents a decrease of 54.8% from the prior year.

EBITDA

-$16.7M

YoY-159.8%

Planet Green's EBITDA was -$16.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 159.8% from the prior year.

Net Income

-$7.3M

YoY+0.0%

Planet Green reported -$7.3M in net income in fiscal year 2025. This represents an increase of 0.0% from the prior year.

EPS (Diluted)

$-2.21

YoY-116.7%

Planet Green earned $-2.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 116.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.8M

YoY-294.4%

Planet Green generated -$1.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 294.4% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+95.4%

Planet Green had 14M shares outstanding in fiscal year 2025. This represents an increase of 95.4% from the prior year.

Margins & Returns

Gross Margin

3.3%

YoY-8.0pp

5Y CAGR-31.6pp

10Y CAGR-15.1pp

Planet Green's gross margin was 3.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 8.0 percentage points from the prior year.

Operating Margin

-580.3%

YoY-481.2pp

5Y CAGR-503.7pp

10Y CAGR-589.8pp

Planet Green's operating margin was -580.3% in fiscal year 2025, reflecting core business profitability. This is down 481.2 percentage points from the prior year.

Net Margin

-241.0%

YoY-132.1pp

5Y CAGR+62.7pp

10Y CAGR-239.1pp

Planet Green's net profit margin was -241.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 132.1 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$70K

YoY+23.0%

Planet Green invested $70K in research and development in fiscal year 2025. This represents an increase of 23.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$5K

YoY-35.7%

5Y CAGR-63.0%

10Y CAGR-45.0%

Planet Green invested $5K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 35.7% from the prior year.

PLAG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.0M-54.8%	$6.7M-61.9%	$17.7M-60.5%	$44.8M+18.5%	$37.8M+937.9%	$3.6M
Cost of Revenue	$2.9M-50.7%	$6.0M-62.9%	$16.1M-60.2%	$40.4M+880.3%	$4.1M+73.9%	$2.4M
Gross Profit	$101K-86.7%	$762K-51.9%	$1.6M-63.6%	$4.4M+13.1%	$3.8M+203.1%	$1.3M
R&D Expenses	$70K+23.0%	$57K+3.9%	$55K-86.4%	$403K-50.2%	$808K	N/A
SG&A Expenses	$17.6M+140.8%	$7.3M-8.4%	$8.0M+13.3%	$7.1M-2.3%	$7.2M+85.3%	$3.9M
Operating Income	-$17.6M-164.8%	-$6.7M-1.5%	-$6.6M-24.5%	-$5.3M+15.4%	-$6.2M-123.7%	-$2.8M
Interest Expense	$156K+120.5%	$71K+557.1%	$11K-98.3%	$634K+123.4%	$284K+1112.1%	$23K
Income Tax	$11K	N/A	$35K-97.6%	$1.5M+2513.2%	$56K	N/A
Net Income	-$7.3M0.0%	-$7.3M+64.8%	-$20.8M+19.2%	-$25.8M-158.3%	-$10.0M+9.6%	-$11.1M
EPS (Diluted)	$-2.21-116.7%	$-1.02-251.7%	$-0.29	$-0.43-10.3%	$-0.39+64.2%	$-1.09

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$772K-14.9%	$907K+7.9%	$840K-70.6%	$2.9M+95.8%	$1.5M+61.6%	$904K-39.9%	$1.5M+21.4%	$1.2M
Cost of Revenue	$743K-17.3%	$898K+14.4%	$785K-68.8%	$2.5M+84.1%	$1.4M+45.4%	$939K-18.5%	$1.2M+622.8%	$159K
Gross Profit	$28K+230.6%	$9K-84.4%	$55K-84.2%	$347K+261.9%	$96K+378.6%	-$34K-109.8%	$353K-67.3%	$1.1M
R&D Expenses	$17K-13.5%	$20K+23.2%	$16K+19.1%	$14K-1.2%	$14K+4.0%	$13K-17.3%	$16K+111.4%	-$141K
SG&A Expenses	$3.4M+400.3%	$672K-9.9%	$745K-85.2%	$5.0M+937.8%	$485K-46.1%	$899K-1.8%	$915K-80.7%	$4.7M
Operating Income	-$3.4M-387.7%	-$688K+4.0%	-$717K+84.8%	-$4.7M-1066.7%	-$405K+57.3%	-$949K-63.2%	-$582K+79.9%	-$2.9M
Interest Expense	$48K+30.4%	$37K+65.1%	$23K+125.3%	-$89K-533.7%	$21K+28.5%	$16K-87.0%	$123K+134.4%	-$358K
Income Tax	$11K	N/A	N/A	N/A	N/A	N/A	N/A	$18K
Net Income	-$12.1M-1470.4%	-$774K+2.9%	-$797K+76.2%	-$3.3M-181.9%	-$1.2M+31.1%	-$1.7M-59.2%	-$1.1M+82.2%	-$6.1M
EPS (Diluted)	$-0.47-370.0%	$-0.100.0%	$-0.10	N/A	$-0.05+61.5%	$-0.13	$-0.01	N/A

PLAG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$25.4M-40.4%	$42.6M-29.8%	$60.7M-29.4%	$86.0M+291.5%	$22.0M
Current Assets	N/A	$14.9M-33.4%	$22.4M+61.6%	$13.8M-49.3%	$27.3M+102.0%	$13.5M
Cash & Equivalents	N/A	$180K-33.3%	$270K+189.1%	$93K-87.5%	$751K-78.0%	$3.4M
Inventory	N/A	$852K-40.2%	$1.4M-65.7%	$4.2M-46.9%	$7.8M+247.1%	$2.3M
Accounts Receivable	N/A	$56K-98.1%	$3.0M-0.5%	$3.0M-21.5%	$3.8M+357.2%	$835K
Goodwill	N/A	$4.7M0.0%	$4.7M0.0%	$4.7M-74.0%	$18.2M+676.9%	$2.3M
Total Liabilities	N/A	$13.7M-40.8%	$23.2M+15.2%	$20.1M-42.1%	$34.8M+850.0%	$3.7M
Current Liabilities	N/A	$13.3M-42.5%	$23.2M+18.3%	$19.6M-43.1%	$34.4M+847.7%	$3.6M
Long-Term Debt	N/A	$411K-89.2%	$3.8M+1227.5%	$287K-24.5%	$380K+1112.7%	$31K
Total Equity	N/A	$11.7M-39.8%	$19.4M-52.1%	$40.6M-20.8%	$51.3M+179.9%	$18.3M
Retained Earnings	N/A	-$148.1M-5.2%	-$140.7M-17.4%	-$119.9M-27.4%	-$94.1M-11.6%	-$84.3M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$12.3M-56.3%	$28.1M+7.8%	$26.1M+2.8%	$25.4M-39.4%	$41.9M-0.8%	$42.2M-1.5%	$42.9M+0.6%	$42.6M
Current Assets	$6.9M-32.0%	$10.2M+26.1%	$8.1M-45.9%	$14.9M+13.5%	$13.1M-1.6%	$13.3M-0.2%	$13.4M-40.3%	$22.4M
Cash & Equivalents	$64K-86.0%	$456K-60.2%	$1.1M+535.9%	$180K-20.7%	$227K-57.9%	$540K+54.6%	$349K+29.1%	$270K
Inventory	$932K-19.3%	$1.2M+16.6%	$990K+16.2%	$852K-42.7%	$1.5M-31.7%	$2.2M-2.1%	$2.2M+56.1%	$1.4M
Accounts Receivable	$73K-40.1%	$122K+230.8%	$37K-34.4%	$56K-98.5%	$3.7M-3.5%	$3.8M+25.8%	$3.0M+1.2%	$3.0M
Goodwill	N/A	$4.7M0.0%	$4.7M0.0%	$4.7M0.0%	$4.7M0.0%	$4.7M0.0%	$4.7M0.0%	$4.7M
Total Liabilities	$12.9M-28.8%	$18.1M+19.2%	$15.2M+10.5%	$13.7M-48.0%	$26.4M+2.7%	$25.7M+4.6%	$24.6M+5.9%	$23.2M
Current Liabilities	$12.4M-29.5%	$17.7M+19.7%	$14.7M+10.8%	$13.3M-39.6%	$22.1M+3.0%	$21.4M+3.9%	$20.6M-11.0%	$23.2M
Long-Term Debt	N/A	$419K+1.3%	$413K+0.6%	$411K-90.3%	$4.2M+1.6%	$4.2M+9.5%	$3.8M-0.2%	$3.8M
Total Equity	-$574K-105.7%	$10.1M-8.1%	$11.0M-6.3%	$11.7M-24.6%	$15.5M-6.2%	$16.5M-9.8%	$18.3M-5.7%	$19.4M
Retained Earnings	-$161.8M-8.1%	-$149.6M-0.5%	-$148.9M-0.5%	-$148.1M-2.3%	-$144.7M-0.8%	-$143.5M-1.2%	-$141.8M-0.8%	-$140.7M

PLAG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.8M-292.4%	$929K+117.6%	-$5.3M+41.4%	-$9.0M-1635.2%	-$519K+85.2%	-$3.5M
Capital Expenditures	$5K-35.7%	$8K-71.5%	$26K	N/A	$1.4M+100.3%	$696K
Free Cash Flow	-$1.8M-294.4%	$921K+117.4%	-$5.3M	N/A	-$1.9M+54.4%	-$4.2M
Investing Cash Flow	-$4K+20.1%	-$5K-100.2%	$2.5M+164.1%	-$3.9M+67.4%	-$11.8M-1285.3%	-$853K
Financing Cash Flow	$1.7M+278.9%	-$972K-133.7%	$2.9M-73.4%	$10.8M+21.4%	$8.9M+3646.6%	$238K
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$697K+141.5%	-$1.7M-384.6%	-$347K-170.2%	$494K-47.9%	$948K+200.5%	-$944K-319.2%	$430K+141.3%	-$1.0M
Capital Expenditures	$11+57.1%	$7-99.7%	$2K+4823.1%	-$52-200.0%	$52-96.2%	$1K-77.9%	$6K+113.8%	-$45K
Free Cash Flow	$697K+141.5%	-$1.7M-381.2%	-$349K-170.7%	$494K-47.9%	$948K+200.3%	-$945K-322.7%	$424K+139.1%	-$1.1M
Investing Cash Flow	-$11-57.1%	-$7+99.7%	-$2K-428.3%	$748+1511.3%	-$53+96.1%	-$1K+71.5%	-$5K+97.9%	-$228K
Financing Cash Flow	-$1.3M-207.8%	$1.2M-7.0%	$1.3M+331.6%	-$560K+52.8%	-$1.2M-208.7%	$1.1M+443.4%	-$318K-123.4%	$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	N/A	N/A	N/A

PLAG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	3.3%-8.0pp	11.3%+2.3pp	9.0%-0.7pp	9.7%-0.5pp	10.2%-24.7pp	34.9%
Operating Margin	-580.3%-481.2pp	-99.0%-61.9pp	-37.2%-25.4pp	-11.8%+4.7pp	-16.5%+60.1pp	-76.6%
Net Margin	-241.0%-132.1pp	-108.9%+9.1pp	-118.0%-60.4pp	-57.7%-31.2pp	-26.5%+277.3pp	-303.7%
Return on Equity	N/A	-62.7%+44.5pp	-107.2%-43.6pp	-63.6%-44.1pp	-19.5%+40.9pp	-60.4%
Return on Assets	N/A	-28.8%+20.1pp	-48.9%-6.4pp	-42.5%-30.9pp	-11.6%+38.7pp	-50.3%
Current Ratio	N/A	1.12+0.2	0.97+0.3	0.71-0.1	0.79-2.9	3.73
Debt-to-Equity	N/A	0.04-0.2	0.20+0.2	0.010.0	0.010.0	0.00
FCF Margin	-58.9%-72.6pp	13.7%+43.8pp	-30.1%	N/A	-5.1%+110.2pp	-115.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	3.7%+2.7pp	0.9%-5.6pp	6.5%-5.6pp	12.1%+5.6pp	6.6%+10.4pp	-3.8%-27.3pp	23.5%-63.7pp	87.2%
Operating Margin	-435.0%-359.1pp	-75.9%+9.4pp	-85.3%+80.0pp	-165.3%-137.5pp	-27.7%+77.3pp	-105.0%-66.3pp	-38.7%+195.1pp	-233.7%
Net Margin	-1574.4%-1489.1pp	-85.3%+9.5pp	-94.8%+22.0pp	-116.8%-35.7pp	-81.1%+109.2pp	-190.3%-118.4pp	-71.9%+418.7pp	-490.6%
Return on Equity	N/A	-7.7%-0.4pp	-7.3%+21.3pp	-28.6%-20.9pp	-7.6%+2.8pp	-10.4%-4.5pp	-5.9%+25.4pp	-31.3%
Return on Assets	-98.8%-96.1pp	-2.8%+0.3pp	-3.0%+10.1pp	-13.2%-10.3pp	-2.8%+1.2pp	-4.1%-1.6pp	-2.5%+11.7pp	-14.3%
Current Ratio	0.56-0.0	0.58+0.0	0.55-0.6	1.12+0.5	0.59-0.0	0.62-0.0	0.65-0.3	0.97
Debt-to-Equity	-22.44-22.5	0.040.0	0.040.0	0.04-0.2	0.27+0.0	0.25+0.0	0.21+0.0	0.20
FCF Margin	90.4%+275.6pp	-185.2%-143.7pp	-41.5%-58.8pp	17.3%-47.6pp	64.9%+169.4pp	-104.5%-132.7pp	28.2%+115.9pp	-87.7%

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Frequently Asked Questions

What is Planet Green's annual revenue?

Planet Green (PLAG) reported $3.0M in total revenue for fiscal year 2025. This represents a -54.8% 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 Planet Green's revenue growing?

Planet Green (PLAG) revenue declined by 54.8% year-over-year, from $6.7M to $3.0M in fiscal year 2025.

Is Planet Green profitable?

No, Planet Green (PLAG) reported a net income of -$7.3M in fiscal year 2025, with a net profit margin of -241.0%.

What is Planet Green's EBITDA?

Planet Green (PLAG) had EBITDA of -$16.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Planet Green's gross margin?

Planet Green (PLAG) had a gross margin of 3.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Planet Green's operating margin?

Planet Green (PLAG) had an operating margin of -580.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Planet Green's net profit margin?

Planet Green (PLAG) had a net profit margin of -241.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Planet Green's free cash flow?

Planet Green (PLAG) generated -$1.8M in free cash flow during fiscal year 2025. This represents a -294.4% change compared to the previous fiscal year. 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 Planet Green's operating cash flow?

Planet Green (PLAG) generated -$1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Planet Green's capital expenditures?

Planet Green (PLAG) invested $5K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Planet Green spend on research and development?

Planet Green (PLAG) invested $70K in research and development during fiscal year 2025.

How many shares does Planet Green have outstanding?

Planet Green (PLAG) had 14M shares outstanding as of fiscal year 2025.

Are Planet Green's earnings high quality?

Planet Green (PLAG) has an earnings quality ratio of 0.24x, 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 Planet Green cover its interest payments?

Planet Green (PLAG) has an interest coverage ratio of -113.4x, 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.