Financial Statements — CETY
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.04 | 0.83 | -- | 0.06 | 0.04 | 0.39 | 0.29 | 0.26 | 0.73 | 2.86 | 0.18 | 0.97 | 1.22 | 1.56 | 2.04 | 2.94 |
| Short-term Investments | 0.00 | 0.23 | 0.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.38 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.81 | 1.78 | 1.12 | -- | -- | -- |
| Inventory | 0.53 | 0.52 | 0.52 | 0.54 | 0.77 | 0.72 | 0.66 | 0.83 | 0.88 | 0.71 | 0.53 | 0.49 | 0.64 | 0.73 | 0.73 | 0.62 |
| Total Current Assets | 7.77 | 8.68 | 8.89 | 3.40 | 4.85 | 4.84 | 4.70 | 7.40 | 7.04 | 8.30 | 3.80 | 4.26 | 3.21 | 3.28 | 3.29 | 4.10 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 |
| Goodwill | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Intangible Assets | -- | -- | -- | -- | -- | 2.66 | 2.66 | 2.68 | 2.68 | 2.60 | 2.68 | 2.68 | 2.61 | 1.22 | 1.22 | 1.23 |
| Total Non-current Assets* | 6.14 | 5.02 | 4.79 | 5.56 | 4.58 | 4.48 | 4.33 | 3.69 | 3.75 | 3.79 | 4.17 | 3.69 | 4.57 | 2.44 | 2.55 | 2.61 |
| Total Assets | 13.91 | 13.70 | 13.68 | 8.97 | 9.43 | 9.31 | 9.03 | 11.10 | 10.80 | 12.09 | 7.96 | 7.95 | 7.78 | 5.72 | 5.84 | 6.71 |
| Accounts Payable | 1.68 | -- | 1.61 | 1.56 | -- | -- | -- | -- | -- | -- | 0.65 | 0.63 | 0.67 | 0.87 | 1.22 | 1.50 |
| Total Current Liabilities | 6.73 | 7.72 | 7.13 | 7.25 | 5.63 | 4.54 | 4.37 | 5.63 | 4.92 | 5.92 | 7.80 | 7.47 | 7.05 | 6.72 | 6.67 | 7.30 |
| Total Non-current Liabilities* | 0.15 | 0.21 | 0.07 | 0.08 | 0.22 | 0.20 | 0.24 | 0.08 | 0.14 | 0.17 | 0.00 | 1.13 | 1.24 | 1.35 | 1.57 | 1.65 |
| Total Liabilities | 6.88 | 7.93 | 7.20 | 7.33 | 5.85 | 4.73 | 4.61 | 5.71 | 5.06 | 6.09 | 7.80 | 8.60 | 8.29 | 8.08 | 8.23 | 8.95 |
| Retained Earnings | (35.96) | (32.19) | (30.19) | (29.15) | (26.64) | (25.43) | (24.47) | (19.83) | (19.11) | (18.35) | (18.76) | (17.88) | (17.54) | (16.81) | (16.81) | (16.58) |
| Total Stockholder Equity | 7.03 | 5.77 | 6.47 | 1.64 | 3.58 | 4.58 | 4.41 | 4.69 | 5.08 | 5.31 | 0.17 | (0.63) | (0.49) | (2.34) | (2.39) | (2.24) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.78 | 0.71 | 0.77 | 0.24 | 0.44 | 0.48 | 0.24 | 0.20 | 1.51 | 3.41 | 4.00 | 4.80 | 2.90 | 0.10 | 0.04 | 1.75 | 0.78 | 0.43 | 0.58 | 0.16 |
| Cost of Revenue | 0.80 | 0.93 | 0.59 | 0.01 | 0.03 | 0.28 | 0.02 | 0.02 | 1.26 | 3.75 | 3.25 | 4.29 | 2.74 | 0.07 | 0.02 | 1.14 | 0.26 | 0.34 | 0.27 | 0.05 |
| Gross Profit | (0.01) | (0.22) | 0.18 | 0.22 | 0.41 | 0.20 | 0.21 | 0.18 | 0.25 | (0.34) | 0.75 | 0.51 | 0.16 | 0.02 | 0.03 | 0.61 | 0.51 | 0.09 | 0.30 | 0.11 |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling, General & Admin | 0.15 | 0.06 | 0.21 | 0.12 | 0.22 | 0.14 | 0.17 | 0.27 | 0.22 | 0.21 | 0.18 | 0.21 | 0.09 | 0.12 | 0.08 | 0.11 | 0.09 | (0.01) | 0.19 | 0.21 |
| Total Operating Expenses | 0.71 | (0.13) | 1.52 | 0.94 | 0.82 | 0.76 | 0.97 | 1.15 | 1.07 | 1.04 | 1.06 | 0.89 | 0.76 | 0.44 | 0.57 | 0.66 | 0.50 | 0.52 | 0.58 | 0.60 |
| Operating Income | (0.72) | (0.09) | (1.33) | (0.72) | (0.41) | (0.56) | (0.76) | (0.97) | (0.82) | (1.37) | (0.30) | (0.38) | (0.60) | (0.42) | (0.54) | (0.04) | 0.02 | (0.43) | (0.28) | (0.50) |
| Interest Expense | -- | -- | -- | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.42 | -- | -- | 0.19 | 0.10 |
| Pretax Income | (0.66) | (3.11) | (2.00) | (1.04) | (0.66) | (0.87) | (1.30) | (0.83) | (1.42) | (3.06) | (0.66) | (0.76) | (1.03) | 1.47 | (0.86) | (0.33) | (0.11) | (0.54) | (0.02) | (0.23) |
| Tax Provision | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 0.01 | 0.01 | 0.00 | 0.00 | -0.00 | -0.00 | 0.02 | 0.00 | -- | -- | -- |
| Net Income | (0.66) | (3.11) | (2.00) | (1.04) | (0.66) | (0.87) | (1.30) | (0.83) | (1.42) | (3.11) | (0.72) | (0.76) | (1.07) | 1.47 | (1.32) | (0.35) | (0.11) | (0.54) | 0.00 | (0.23) |
| Basic EPS | (0.05) | (1.05) | (0.44) | (0.27) | (0.21) | (0.01) | (0.03) | (0.02) | (0.04) | 0.21 | (0.02) | (0.02) | (0.03) | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Diluted EPS | (0.05) | (1.05) | (0.44) | (0.27) | (0.21) | (0.01) | (0.03) | (0.02) | (0.04) | 0.21 | (0.02) | (0.02) | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.84) | (1.79) | (4.59) | (0.76) | (0.78) | (0.77) | (1.18) | (0.74) | (0.87) | (0.94) | (1.22) | (1.98) | (0.64) | (0.31) | (0.70) | (0.70) | (0.54) | (0.59) | (0.52) | (0.79) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -0.00 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.22) | (2.01) | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.70) | 0.26 | (0.01) | 0.08 | -0.00 | 0.08 | 0.00 | -0.00 | 0.08 | (0.33) | -0.00 | (0.03) | 0.04 | (0.05) | (0.60) | 0.02 | (0.81) | -- | -- | -- |
| Financing Cash Flow | 0.98 | 1.23 | 1.08 | 5.14 | 0.76 | 0.71 | 0.83 | 0.84 | 0.99 | 1.19 | 0.75 | (0.09) | 3.25 | 0.25 | 0.64 | 0.54 | 1.37 | 1.73 | 0.03 | (0.11) |
* Derived from reported values
