Planet Green Financials
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).
Revenue shrinkage has left fixed overhead and short-term obligations far larger than the business's current gross-profit engine.
FY2024 produced$812K of operating cash flow despite a net loss of-$7.3M , while receivables and inventory both dropped, so that cash came from working-capital release rather than a healthier core model. When sales fell again in FY2025, operating cash flow slid back to-$1.8M , showing the prior year's cash generation was temporary.
FY2025 generated only
The balance-sheet posture also tightened: liabilities exceeded assets by about
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Planet Green'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.
Planet Green has an operating margin of -580.3%, meaning the company retains $-580 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -55.0% the prior year.
Planet Green's revenue declined 35.2% year-over-year, from $4.7M to $3.0M. This contraction results in a growth score of 0/100.
Planet Green carries a low D/E ratio of -5.70, meaning only $-5.70 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Planet Green's current ratio of 0.40 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Planet Green generated -$1.8M in operating cash flow, capex of $5K consumed most of it, leaving -$1.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Planet Green passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Planet Green generates $0.07 in operating cash flow (-$1.8M OCF vs -$27.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
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
Earnings & Revenue
Planet Green generated $3.0M in revenue in fiscal year 2025. This represents a decrease of 35.2% from the prior year.
Planet Green's EBITDA was -$16.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 610.9% from the prior year.
Planet Green reported -$27.0M in net income in fiscal year 2025. This represents a decrease of 268.1% from the prior year.
Planet Green earned $-2.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 531.4% from the prior year.
Cash & Balance Sheet
Planet Green generated -$1.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 321.0% from the prior year.
Planet Green held $119K in cash against $0 in long-term debt as of fiscal year 2025.
Planet Green had 14M shares outstanding in fiscal year 2025. This represents an increase of 95.4% from the prior year.
Margins & Returns
Planet Green's gross margin was 3.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 8.5 percentage points from the prior year.
Planet Green's operating margin was -580.3% in fiscal year 2025, reflecting core business profitability. This is down 525.3 percentage points from the prior year.
Planet Green's net profit margin was -887.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 731.0 percentage points from the prior year.
Capital Allocation
Planet Green invested $70K in research and development in fiscal year 2025. This represents an increase of 23.0% from the prior year.
Planet Green invested $5K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 302.3% from the prior year.
PLAG Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M+1118.7% | $522K-32.4% | $772K-14.9% | $907K+7.9% | $840K+2.0% | $823K-43.6% | $1.5M+61.6% | $904K |
| Cost of Revenue | $442K-13.7% | $512K-31.1% | $743K-17.3% | $898K+14.4% | $785K+15.0% | $683K-49.9% | $1.4M+45.4% | $939K |
| Gross Profit | $1.5M+16470.3% | $9K-67.4% | $28K+230.6% | $9K-84.4% | $55K-60.9% | $140K+46.2% | $96K+378.6% | -$34K |
| R&D Expenses | $12K-24.2% | $16K-6.2% | $17K-13.5% | $20K+23.2% | $16K+19.1% | $14K-1.2% | $14K+4.0% | $13K |
| SG&A Expenses | $951K-92.6% | $12.9M+282.9% | $3.4M+400.3% | $672K-9.9% | $745K-2.5% | $764K+57.7% | $485K-46.1% | $899K |
| Operating Income | $554K+104.3% | -$12.9M-283.8% | -$3.4M-387.7% | -$688K+4.0% | -$717K-11.3% | -$644K-58.9% | -$405K+57.3% | -$949K |
| Interest Expense | $49K+3.7% | $47K-2.2% | $48K+30.4% | $37K+65.1% | $23K+125.3% | -$89K-533.7% | $21K+28.5% | $16K |
| Income Tax | N/A | N/A | $11K | N/A | N/A | N/A | N/A | N/A |
| Net Income | $312K+102.4% | -$13.3M-9.1% | -$12.1M-1470.4% | -$774K+2.9% | -$797K+76.2% | -$3.3M-181.9% | -$1.2M+31.1% | -$1.7M |
| EPS (Diluted) | $0.04 | N/A | $-0.47-370.0% | $-0.100.0% | $-0.10 | N/A | $-0.05+61.5% | $-0.13 |
PLAG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.9M+65.3% | $10.2M-17.0% | $12.3M-56.3% | $28.1M+7.8% | $26.1M+2.8% | $25.4M-39.4% | $41.9M-0.8% | $42.2M |
| Current Assets | $11.6M+140.9% | $4.8M-30.4% | $6.9M-32.0% | $10.2M+26.1% | $8.1M-45.9% | $14.9M+13.5% | $13.1M-1.6% | $13.3M |
| Cash & Equivalents | $5.5M+4499.0% | $119K+86.6% | $64K-86.0% | $456K-60.2% | $1.1M+535.9% | $180K-20.7% | $227K-57.9% | $540K |
| Inventory | $610K-17.4% | $738K-20.8% | $932K-19.3% | $1.2M+16.6% | $990K+16.2% | $852K-42.7% | $1.5M-31.7% | $2.2M |
| Accounts Receivable | $1.4M+561.9% | $209K+185.9% | $73K-40.1% | $122K+230.8% | $37K-34.4% | $56K-98.5% | $3.7M-3.5% | $3.8M |
| Goodwill | $15K+118.8% | $7K | N/A | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M |
| Total Liabilities | $18.5M+49.7% | $12.4M-3.8% | $12.9M-28.8% | $18.1M+19.2% | $15.2M+10.5% | $13.7M-48.0% | $26.4M+2.7% | $25.7M |
| Current Liabilities | $16.5M+38.7% | $11.9M-4.6% | $12.4M-29.5% | $17.7M+19.7% | $14.7M+10.8% | $13.3M-39.6% | $22.1M+3.0% | $21.4M |
| Long-Term Debt | N/A | N/A | N/A | $419K+1.3% | $413K+0.6% | $411K-90.3% | $4.2M+1.6% | $4.2M |
| Total Equity | -$1.6M+24.1% | -$2.2M-278.4% | -$574K-105.7% | $10.1M-8.1% | $11.0M-6.3% | $11.7M-24.6% | $15.5M-6.2% | $16.5M |
| Retained Earnings | -$174.7M+0.2% | -$175.0M-8.2% | -$161.8M-8.1% | -$149.6M-0.5% | -$148.9M-0.5% | -$148.1M-2.3% | -$144.7M-0.8% | -$143.5M |
PLAG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.6M+1102.0% | -$457K-165.5% | $697K+141.5% | -$1.7M-384.6% | -$347K-192.0% | $377K-60.2% | $948K+200.5% | -$944K |
| Capital Expenditures | N/A | $2K+21263.6% | $11+57.1% | $7-99.7% | $2K+138.6% | -$6K-12328.8% | $52-96.2% | $1K |
| Free Cash Flow | N/A | -$459K-165.9% | $697K+141.5% | -$1.7M-381.2% | -$349K-194.2% | $371K-60.9% | $948K+200.3% | -$945K |
| Investing Cash Flow | -$14K-659.5% | -$2K-16809.1% | -$11-57.1% | -$7+99.7% | -$2K-138.6% | $6K+12098.1% | -$53+96.1% | -$1K |
| Financing Cash Flow | $771K+43.5% | $537K+141.3% | -$1.3M-207.8% | $1.2M-7.0% | $1.3M+404.9% | -$425K+64.1% | -$1.2M-208.7% | $1.1M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.1%+22.3pp | 1.8%-1.9pp | 3.7%+2.7pp | 0.9%-5.6pp | 6.5%-10.5pp | 17.0%+10.5pp | 6.6%+10.4pp | -3.8% |
| Operating Margin | 8.7%+2478.2pp | -2469.5%-2034.5pp | -435.0%-359.1pp | -75.9%+9.4pp | -85.3%-7.1pp | -78.2%-50.5pp | -27.7%+77.3pp | -105.0% |
| Net Margin | 4.9%+2546.3pp | -2541.3%-967.0pp | -1574.4%-1489.1pp | -85.3%+9.5pp | -94.8%+311.0pp | -405.9%-324.7pp | -81.1%+109.2pp | -190.3% |
| Return on Equity | N/A | N/A | N/A | -7.7%-0.4pp | -7.3%+21.3pp | -28.6%-20.9pp | -7.6%+2.8pp | -10.4% |
| Return on Assets | 1.8%+131.7pp | -129.8%-31.0pp | -98.8%-96.1pp | -2.8%+0.3pp | -3.0%+10.1pp | -13.2%-10.3pp | -2.8%+1.2pp | -4.1% |
| Current Ratio | 0.70+0.3 | 0.40-0.2 | 0.56-0.0 | 0.58+0.0 | 0.55-0.6 | 1.12+0.5 | 0.59-0.0 | 0.62 |
| Debt-to-Equity | -11.25-5.5 | -5.70+16.7 | -22.44-22.5 | 0.040.0 | 0.040.0 | 0.04-0.2 | 0.27+0.0 | 0.25 |
| FCF Margin | N/A | -88.1%-178.5pp | 90.4%+275.6pp | -185.2%-143.7pp | -41.5%-86.6pp | 45.0%-19.9pp | 64.9%+169.4pp | -104.5% |
Note: Shareholder equity is negative (-$2.2M), 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 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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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 -35.2% 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 35.2% year-over-year, from $4.7M to $3.0M in fiscal year 2025.
Is Planet Green profitable?
No, Planet Green (PLAG) reported a net income of -$27.0M in fiscal year 2025, with a net profit margin of -887.2%.
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 -887.2% 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 -321.0% 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 total assets?
Planet Green (PLAG) had $10.2M in total assets as of fiscal year 2025, including both current and long-term assets.
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.
What is Planet Green's current ratio?
Planet Green (PLAG) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Planet Green's debt-to-equity ratio?
Planet Green (PLAG) had a debt-to-equity ratio of -5.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Planet Green's return on assets (ROA)?
Planet Green (PLAG) had a return on assets of -264.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Planet Green's cash runway?
Based on fiscal year 2025 data, Planet Green (PLAG) had $119K in cash against an annual operating cash burn of $1.8M. This gives an estimated cash runway of approximately 1 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 Planet Green's debt-to-equity ratio negative or unusual?
Planet Green (PLAG) has negative shareholder equity of -$2.2M 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 Planet Green's Piotroski F-Score?
Planet Green (PLAG) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Planet Green's earnings high quality?
Planet Green (PLAG) has an earnings quality ratio of 0.07x, 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.
How financially healthy is Planet Green?
Planet Green (PLAG) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.