PN Smart Energy (PN) Financials
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 Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Feb 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PN SEC filings page.
PN Smart Energy Limited (PN) reported $63.3M in revenue for fiscal year 2025, up 27.0% from the prior fiscal year. This page shows its 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).
Revenue expanded, but costs grew faster than sales, leaving FY2025 with losses despite positive cash generation and heavier financing.
From FY2024 to FY2025, revenue grew27.0% while gross profit fell3.6% , showing that additional sales did not translate into additional gross dollars. Meanwhile, operating cash flow reached$2.9M despite a net loss of$2.7M ; that divergence reflects cash arriving through balance-sheet movements or other non-earnings items rather than profitable operations alone.
The cost structure absorbed the expansion: cost of revenue rose
Balance-sheet dependence increased as liabilities grew
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of PN Smart Energy Limited'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.
PN Smart Energy Limited has an operating margin of -4.0%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 25/100. This is down from 2.3% the prior year.
PN Smart Energy Limited's revenue surged 27.0% year-over-year to $63.3M, reflecting rapid business expansion. This strong growth earns a score of 68/100.
PN Smart Energy Limited's current ratio of 1.59 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
PN Smart Energy Limited has a free cash flow margin of 3.8%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.
PN Smart Energy Limited posts a -13.6% return on equity (ROE), meaning it loses $14 for every $100 of shareholders' equity. This results in a returns score of 19/100. This is down from 2.9% the prior year.
PN Smart Energy Limited scores 2.79, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from revenue of $63.3M against total assets of $45.5M. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
PN Smart Energy Limited passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
PN Smart Energy Limited reported a net loss of $2.7M while generating $2.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
PN Smart Energy Limited reported an operating loss of $2.5M against $208K 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
Earnings & Revenue
PN Smart Energy Limited generated $63.3M in revenue in fiscal year 2025. This represents an increase of 27.0% from the prior year.
PN Smart Energy Limited's EBITDA was -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 250.4% from the prior year.
PN Smart Energy Limited reported a net loss of $2.7M in fiscal year 2025. This represents a decrease of 672.4% from the prior year.
PN Smart Energy Limited earned -$0.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 600.0% from the prior year.
Cash & Balance Sheet
PN Smart Energy Limited generated $2.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 77.4% from the prior year.
PN Smart Energy Limited held $9.3M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
PN Smart Energy Limited's gross margin was 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.
PN Smart Energy Limited's operating margin was -4.0% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
PN Smart Energy Limited's net profit margin was -4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.2 percentage points from the prior year.
PN Smart Energy Limited's ROE was -13.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.4 percentage points from the prior year.
Capital Allocation
PN Smart Energy Limited invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 10.3% from the prior year.
PN Smart Energy Limited invested $465K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 94.0% from the prior year.
Not reported for fiscal year 2025.
PN 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 | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Revenue | $63.3M+27.0% | $49.9M-1.9% | $50.8M |
| Cost of Revenue | $57.0M+31.6% | $43.3M+2.7% | $42.2M |
| Gross Profit | $6.3M-3.6% | $6.5M-24.2% | $8.6M |
| R&D Expenses | $1.7M-10.3% | $1.9M+208.5% | $607K |
| SG&A Expenses | $7.2M+102.6% | $3.5M-33.2% | $5.3M |
| Operating Income | -$2.5M-327.3% | $1.1M-58.7% | $2.7M |
| EBITDA | -$2.2M-250.4% | $1.4M-51.6% | $3.0M |
| Interest Expense | $208K+2.5% | $203K+128.4% | $89K |
| Income Tax | $36K-67.1% | $110K-85.4% | $752K |
| Net Income | -$2.7M-672.4% | $471K-57.2% | $1.1M |
| EPS (Basic) | -$0.10-600.0% | $0.02-50.0% | $0.04 |
| EPS (Diluted) | -$0.10-600.0% | $0.02-50.0% | $0.04 |
| Diluted Shares (Avg) | 26M+4.6% | 25M0.0% | 25M |
PN 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 | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Total Assets | $45.5M+42.4% | $32.0M | N/A |
| Current Assets | $34.6M+36.0% | $25.4M | N/A |
| Cash & Equivalents | $9.3M+80.8% | $5.2M-12.9% | $5.9M |
| Short-Term Investments | $31Kn/m | $0n/m | $0 |
| Inventory | $4.3M+64.8% | $2.6M | N/A |
| Accounts Receivable | $9.0M-15.1% | $10.7M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0 |
| Total Liabilities | $23.0M+74.5% | $13.2M | N/A |
| Current Liabilities | $21.7M+70.2% | $12.8M | N/A |
| Non-Current Liabilities | $1.3M+203.4% | $427K | N/A |
| Total Equity | $19.9M+21.1% | $16.4M | N/A |
| Retained Earnings | $11.4M-20.1% | $14.3M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
PN 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 | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Operating Cash Flow | $2.9M+79.9% | $1.6M+190.8% | $549K |
| Depreciation & Amortization | $378K+17.3% | $322K+22.5% | $263K |
| Capital Expenditures | $465K+94.0% | $240K-21.0% | $303K |
| Free Cash Flow | $2.4M+77.4% | $1.4M+452.1% | $246K |
| Investing Cash Flow | -$4.8Mn/m | -$4.4Mn/m | -$2.3M |
| Financing Cash Flow | $8.2M+339.4% | $1.9M-47.1% | $3.5M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
PN 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 | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Gross Margin | 10.0%-3.1pp | 13.1%-3.9pp | 17.0% |
| Operating Margin | -4.0%-6.3pp | 2.3%-3.1pp | 5.3% |
| Net Margin | -4.3%-5.2pp | 0.9%-1.2pp | 2.2% |
| Return on Equity | -13.6%-16.4pp | 2.9% | N/A |
| Return on Assets | -5.9%-7.4pp | 1.5% | N/A |
| Current Ratio | 1.59-0.4x | 1.99 | N/A |
| Liabilities-to-Equity | 1.16+0.4x | 0.80 | N/A |
| Asset Turnover | 1.39-0.2x | 1.56 | N/A |
| FCF Margin | 3.8%+1.1pp | 2.7%+2.2pp | 0.5% |
Not reported in any period shown, so not listed: Debt-to-Equity.
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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PN Smart Energy Limited PN | FY2025 | $63.3M | -$2.7M | -4.3% | $34.2M | 40/100 |
| Spruce Power Holding Corporation SPRU | FY2025 | $111.8M | -$26.0M | -23.3% | $25.4M | 67/100 |
| Turbo Energy, S.A. TURB | FY2024 | $10.0M | -$3.5M | -34.6% | $11.0M | 15/100 |
| Beam Global BEEM | FY2025 | $28.2M | -$27.0M | -95.6% | $20.6M | 33/100 |
| Ascent Solar Technologies, Inc. ASTI | FY2025 | $77K | -$7.8M | N/A | $16.8M | — |
| SUNation Energy, Inc. SUNE | FY2025 | $71.9M | -$10.9M | -15.2% | $13.0M | 70/100 |
Where PN Smart Energy Limited Ranks
Frequently Asked Questions
What is PN Smart Energy Limited's annual revenue?
PN Smart Energy Limited (PN) reported $63.3M in total revenue for fiscal year 2025. This represents a 27.0% 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 PN Smart Energy Limited's revenue growing?
PN Smart Energy Limited (PN) revenue grew by 27.0% year-over-year, from $49.9M to $63.3M in fiscal year 2025.
Is PN Smart Energy Limited profitable?
No, PN Smart Energy Limited (PN) reported a net loss of $2.7M in fiscal year 2025, with a net profit margin of -4.3%.
What is PN Smart Energy Limited's EBITDA?
PN Smart Energy Limited (PN) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is PN Smart Energy Limited's gross margin?
PN Smart Energy Limited (PN) had a gross margin of 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is PN Smart Energy Limited's operating margin?
PN Smart Energy Limited (PN) had an operating margin of -4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is PN Smart Energy Limited's net profit margin?
PN Smart Energy Limited (PN) had a net profit margin of -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is PN Smart Energy Limited's return on equity (ROE)?
PN Smart Energy Limited (PN) has a return on equity of -13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is PN Smart Energy Limited's free cash flow?
PN Smart Energy Limited (PN) generated $2.4M in free cash flow during fiscal year 2025. This represents a 77.4% 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 PN Smart Energy Limited's operating cash flow?
PN Smart Energy Limited (PN) generated $2.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are PN Smart Energy Limited's total assets?
PN Smart Energy Limited (PN) had $45.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are PN Smart Energy Limited's capital expenditures?
PN Smart Energy Limited (PN) invested $465K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does PN Smart Energy Limited spend on research and development?
PN Smart Energy Limited (PN) invested $1.7M in research and development during fiscal year 2025.
What is PN Smart Energy Limited's current ratio?
PN Smart Energy Limited (PN) had a current ratio of 1.59 as of fiscal year 2025, which is generally considered healthy.
What is PN Smart Energy Limited's liabilities-to-equity ratio?
PN Smart Energy Limited (PN) had a liabilities-to-equity ratio of 1.16 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is PN Smart Energy Limited's return on assets (ROA)?
PN Smart Energy Limited (PN) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is PN Smart Energy Limited's P/E ratio?
PN Smart Energy Limited (PN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $34.2M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PN Smart Energy Limited's price-to-sales ratio?
PN Smart Energy Limited (PN) trades at 0.5x sales, its market capitalization divided by $63.3M revenue, FY2025. The market capitalization is $34.2M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PN Smart Energy Limited's Altman Z-Score?
PN Smart Energy Limited (PN) has an Altman Z-Score of 2.79, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is PN Smart Energy Limited's Piotroski F-Score?
PN Smart Energy Limited (PN) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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.
Are PN Smart Energy Limited's earnings high quality?
PN Smart Energy Limited (PN) reported a net loss of $2.7M while generating $2.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
Can PN Smart Energy Limited cover its interest payments?
PN Smart Energy Limited (PN) reported an operating loss of $2.5M against $208K 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.
How financially healthy is PN Smart Energy Limited?
PN Smart Energy Limited (PN) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.