CleanCore Solutions Financials
This page shows CleanCore Solutions (ZONE) 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).
CleanCore’s gross margin profile looks serviceable, but a rapidly expanding overhead structure is dominating the economics.
Between FY2024 and FY2025, gross margin stability near48% coincided with SG&A swelling to$7.1M ; that combination says the deeper loss came from a larger corporate cost base, not from a breakdown in product-level economics. Earnings quality also cuts two ways: operating cash outflow was$2.3M against a net loss of$6.7M , so reported losses worsened faster than cash actually left the business.
The liquidity cushion narrowed as cash fell to
This is not a capital-intensive model: capital spending was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 CleanCore Solutions'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.
CleanCore Solutions has an operating margin of -308.1%, meaning the company retains $-308 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is down from -121.3% the prior year.
CleanCore Solutions's revenue surged 29.2% year-over-year to $2.1M, reflecting rapid business expansion. This strong growth earns a score of 89/100.
CleanCore Solutions has elevated debt relative to equity (D/E of 4.78), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.
CleanCore Solutions's current ratio of 1.34 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
While CleanCore Solutions generated -$2.3M in operating cash flow, capex of $32K consumed most of it, leaving -$2.4M in free cash flow. This results in a low score of 7/100, reflecting heavy capital investment rather than weak cash generation.
CleanCore Solutions generates a -459.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from -61.1% the prior year.
CleanCore Solutions scores 9.32, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($160.4M) relative to total liabilities ($7.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CleanCore Solutions passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, CleanCore Solutions generates $0.35 in operating cash flow (-$2.3M OCF vs -$6.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
CleanCore Solutions earns $-17.9 in operating income for every $1 of interest expense (-$6.4M vs $356K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
CleanCore Solutions generated $2.1M in revenue in fiscal year 2025. This represents an increase of 29.2% from the prior year.
CleanCore Solutions's EBITDA was -$6.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 245.1% from the prior year.
CleanCore Solutions reported -$6.7M in net income in fiscal year 2025. This represents a decrease of 195.5% from the prior year.
Cash & Balance Sheet
CleanCore Solutions generated -$2.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 52.1% from the prior year.
CleanCore Solutions held $1.5M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
CleanCore Solutions's gross margin was 47.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the prior year.
CleanCore Solutions's operating margin was -308.1% in fiscal year 2025, reflecting core business profitability. This is down 186.8 percentage points from the prior year.
CleanCore Solutions's net profit margin was -325.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 183.1 percentage points from the prior year.
CleanCore Solutions's ROE was -459.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 398.8 percentage points from the prior year.
Capital Allocation
CleanCore Solutions invested $32K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 210.3% from the prior year.
ZONE Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $544K-49.1% | $1.1M+18.1% | $905K+1.3% | $893K+60.0% | $558K+116.9% | $257K-29.5% | $365K-48.4% | $707K |
| Cost of Revenue | $963K+182.0% | $341K-7.3% | $368K-20.8% | $465K+88.4% | $247K+26.4% | $195K+8.8% | $179K-49.0% | $352K |
| Gross Profit | -$419K-157.6% | $727K+35.6% | $536K+25.4% | $428K+37.5% | $311K+401.7% | $62K-66.6% | $185K-47.8% | $355K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $18.4M-13.7% | $21.3M+147.3% | $8.6M+101.3% | $4.3M+342.6% | $968K+6.3% | $911K-0.6% | $916K-18.2% | $1.1M |
| Operating Income | -$19.0M+8.4% | -$20.7M-151.5% | -$8.2M-111.8% | -$3.9M-442.5% | -$717K+25.6% | -$964K-18.0% | -$817K+6.9% | -$877K |
| Interest Expense | -$73K-15.6% | -$63K-147.1% | $133K-27.3% | $183K+97.9% | $93K+125.5% | $41K+4.3% | $39K-61.4% | $102K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$37.3M+64.3% | -$104.4M-680.7% | -$13.4M-228.3% | -$4.1M-403.1% | -$809K+19.5% | -$1.0M-17.4% | -$856K+12.6% | -$979K |
| EPS (Diluted) | $-0.17+66.7% | $-0.51 | $-0.49 | N/A | $-0.10+16.7% | $-0.12-20.0% | $-0.10 | N/A |
ZONE Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $67.4M-33.3% | $101.1M-45.6% | $185.7M+2093.6% | $8.5M+32.6% | $6.4M+4.2% | $6.1M-10.2% | $6.8M-8.8% | $7.5M |
| Current Assets | $20.3M+95.0% | $10.4M-40.1% | $17.3M+354.2% | $3.8M+65.0% | $2.3M+16.1% | $2.0M-23.9% | $2.6M-18.4% | $3.2M |
| Cash & Equivalents | $4.1M-25.6% | $5.4M-57.8% | $12.9M+784.0% | $1.5M+83.3% | $797K+42.2% | $560K-53.7% | $1.2M-40.0% | $2.0M |
| Inventory | $781K-42.1% | $1.3M-4.6% | $1.4M+4.9% | $1.3M+83.5% | $735K+2.2% | $719K-0.1% | $719K+7.0% | $672K |
| Accounts Receivable | $364K-17.0% | $439K+13.3% | $387K-41.1% | $658K+14.2% | $576K+31.1% | $439K-10.7% | $492K+5.3% | $467K |
| Goodwill | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M |
| Total Liabilities | $7.1M-3.2% | $7.3M-44.9% | $13.2M+89.0% | $7.0M+47.7% | $4.7M+20.9% | $3.9M+4.2% | $3.8M+0.4% | $3.7M |
| Current Liabilities | $6.9M-2.7% | $7.1M-45.5% | $13.0M+356.5% | $2.8M+1.9% | $2.8M+49.1% | $1.9M+15.9% | $1.6M+7.4% | $1.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $60.3M-35.7% | $93.8M-45.6% | $172.5M+11666.6% | $1.5M-10.9% | $1.6M-25.4% | $2.2M-27.9% | $3.1M-18.0% | $3.7M |
| Retained Earnings | -$169.0M-28.3% | -$131.8M-380.7% | -$27.4M-95.2% | -$14.0M-40.8% | -$10.0M-8.8% | -$9.2M-12.3% | -$8.2M-11.7% | -$7.3M |
ZONE Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.6M-126.9% | -$3.4M+11.2% | -$3.8M-3569.9% | -$103K+81.9% | -$572K+33.7% | -$863K-7.9% | -$800K+24.7% | -$1.1M |
| Capital Expenditures | $24K+342.8% | $5K-54.5% | $12K-13.3% | $14K+38.2% | $10K+276.6% | $3K-59.8% | $6K-22.1% | $8K |
| Free Cash Flow | -$7.7M-127.2% | -$3.4M+11.4% | -$3.8M-3155.5% | -$117K+79.9% | -$582K+32.8% | -$865K-7.3% | -$806K+24.7% | -$1.1M |
| Investing Cash Flow | $18.3M+400.2% | -$6.1M+95.7% | -$142.5M-23838.5% | -$595K-5979.7% | -$10K-276.6% | -$3K+59.8% | -$6K+22.1% | -$8K |
| Financing Cash Flow | -$1.0M-125.3% | $4.0M-97.5% | $157.8M+11502.8% | $1.4M+70.0% | $800K | N/A | N/A | $3.0M |
| 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 |
ZONE Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -77.1%-145.2pp | 68.0%+8.8pp | 59.3%+11.4pp | 47.9%-7.8pp | 55.8%+31.7pp | 24.1%-26.7pp | 50.8%+0.6pp | 50.3% |
| Operating Margin | -3490.9%-1552.6pp | -1938.3%-1027.9pp | -910.4%-474.9pp | -435.6%-307.1pp | -128.5%+246.2pp | -374.7%-150.9pp | -223.8%-99.8pp | -124.1% |
| Net Margin | -6854.0%+2909.7pp | -9763.8%-8286.2pp | -1477.6%-1021.5pp | -456.1%-311.0pp | -145.1%+245.6pp | -390.6%-156.0pp | -234.6%-96.1pp | -138.5% |
| Return on Equity | -61.8%+49.5pp | -111.2%-103.5pp | -7.8%+270.0pp | -277.8%-228.6pp | -49.2%-3.6pp | -45.5%-17.6pp | -28.0%-1.7pp | -26.2% |
| Return on Assets | -55.3%+47.9pp | -103.2%-96.0pp | -7.2%+40.9pp | -48.1%-35.4pp | -12.7%+3.7pp | -16.4%-3.9pp | -12.6%+0.5pp | -13.1% |
| Current Ratio | 2.94+1.5 | 1.47+0.1 | 1.330.0 | 1.34+0.5 | 0.83-0.2 | 1.06-0.6 | 1.62-0.5 | 2.13 |
| Debt-to-Equity | 0.12+0.0 | 0.080.0 | 0.08-4.7 | 4.78+1.9 | 2.88+1.1 | 1.78+0.5 | 1.23+0.2 | 1.00 |
| FCF Margin | -1411.0%-1095.2pp | -315.9%+105.1pp | -421.0%-407.9pp | -13.1%+91.2pp | -104.3%+232.0pp | -336.3%-115.3pp | -220.9%-69.5pp | -151.4% |
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Frequently Asked Questions
What is CleanCore Solutions's annual revenue?
CleanCore Solutions (ZONE) reported $2.1M in total revenue for fiscal year 2025. This represents a 29.2% 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 CleanCore Solutions's revenue growing?
CleanCore Solutions (ZONE) revenue grew by 29.2% year-over-year, from $1.6M to $2.1M in fiscal year 2025.
Is CleanCore Solutions profitable?
No, CleanCore Solutions (ZONE) reported a net income of -$6.7M in fiscal year 2025, with a net profit margin of -325.3%.
What is CleanCore Solutions's EBITDA?
CleanCore Solutions (ZONE) had EBITDA of -$6.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is CleanCore Solutions's gross margin?
CleanCore Solutions (ZONE) had a gross margin of 47.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CleanCore Solutions's operating margin?
CleanCore Solutions (ZONE) had an operating margin of -308.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is CleanCore Solutions's net profit margin?
CleanCore Solutions (ZONE) had a net profit margin of -325.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is CleanCore Solutions's return on equity (ROE)?
CleanCore Solutions (ZONE) has a return on equity of -459.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CleanCore Solutions's free cash flow?
CleanCore Solutions (ZONE) generated -$2.4M in free cash flow during fiscal year 2025. This represents a -52.1% 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 CleanCore Solutions's operating cash flow?
CleanCore Solutions (ZONE) generated -$2.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CleanCore Solutions's total assets?
CleanCore Solutions (ZONE) had $8.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are CleanCore Solutions's capital expenditures?
CleanCore Solutions (ZONE) invested $32K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is CleanCore Solutions's current ratio?
CleanCore Solutions (ZONE) had a current ratio of 1.34 as of fiscal year 2025, which is considered adequate.
What is CleanCore Solutions's debt-to-equity ratio?
CleanCore Solutions (ZONE) had a debt-to-equity ratio of 4.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CleanCore Solutions's return on assets (ROA)?
CleanCore Solutions (ZONE) had a return on assets of -79.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CleanCore Solutions's cash runway?
Based on fiscal year 2025 data, CleanCore Solutions (ZONE) had $1.5M in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 7 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.
What is CleanCore Solutions's Altman Z-Score?
CleanCore Solutions (ZONE) has an Altman Z-Score of 9.32, placing it in the Safe Zone (low bankruptcy 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 CleanCore Solutions's Piotroski F-Score?
CleanCore Solutions (ZONE) 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 CleanCore Solutions's earnings high quality?
CleanCore Solutions (ZONE) has an earnings quality ratio of 0.35x, 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 CleanCore Solutions cover its interest payments?
CleanCore Solutions (ZONE) has an interest coverage ratio of -17.9x, 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 CleanCore Solutions?
CleanCore Solutions (ZONE) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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.