NASDAQ : CBAT
CBAK Energy Technology, Inc. — Financial statements
Industrials · Electrical Equipment & Parts · China
Last price 1.11 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 98.40M
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Financial statements
CBAK Energy Technology, Inc. (CBAT) reported revenue of 229.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 229.87M | 195.19M | 176.61M | 204.44M | 248.73M | 52.67M |
| Cost of Revenue | 215.21M | 176.77M | 134.84M | 172.71M | 230.63M | 47.56M |
| Gross Profit | 14.66M | 18.42M | 41.78M | 31.72M | 18.10M | 5.11M |
| Selling, General & Admin | 23.08M | 21.27M | 19.15M | 18.69M | 11.75M | 12.33M |
| Research & Development | 17.00M | 15.80M | 13.01M | 11.93M | 10.64M | 5.27M |
| Operating Expenses | 39.94M | 36.86M | 32.51M | 31.91M | 23.21M | 16.82M |
| Operating Income | -25.28M | -18.44M | 9.26M | -181.58K | -5.12M | -11.71M |
| Interest Expense | -976.95K | -881.80K | -348.61K | -177.66K | -501.68K | -177.54K |
| Interest & Investment Income | 6.07K | 208.46K | 1.63M | 610.56K | 962.42K | |
| Earnings From Equity Investments | 89.97K | 145.10K | -18.78K | -27.43K | ||
| Other Non Operating Income (Expenses) | 8.12M | 7.83M | 1.05M | 3.16M | 6.85M | 65.54M |
| EBT Excluding Unusual Items | -18.04M | -11.14M | 11.57M | 3.38M | 1.23M | 54.61M |
| Impairment of Goodwill | -1.56M | |||||
| Gain (Loss) on Sale of Investments | 45.75K | -2.37M | -692.64K | |||
| Gain (Loss) on Sale of Assets | -92.27K | |||||
| Asset Writedown | -475.22K | -7.07M | -12.23M | |||
| Pretax Income | -18.04M | -11.14M | 11.14M | -6.05M | -12.56M | 53.83M |
| Income Tax Expense | -177.26K | -184.69K | 1.56M | 2.49M | -1.23M | -7.73M |
| Earnings From Continuing Operations | -17.86M | -10.95M | 9.59M | -8.54M | -11.33M | 61.56M |
| Minority Interest in Earnings | 776.99K | 1.57M | 2.20M | 6.09M | 1.88M | -73.09K |
| Net Income | -17.09M | -9.38M | 11.79M | -2.45M | -9.45M | 61.49M |
| Net Income to Common | -17.09M | -9.38M | 11.79M | -2.45M | -9.45M | 61.49M |
| Shares Outstanding (Basic) | 89.07M | 89.25M | 89.93M | 89.25M | 88.93M | 87.61M |
| Shares Outstanding (Diluted) | 89.07M | 89.25M | 90.16M | 89.25M | 88.93M | 87.88M |
| EPS (Basic) | -0.19 | -0.11 | 0.13 | -0.03 | -0.11 | 0.70 |
| EPS (Diluted) | -0.19 | -0.11 | 0.13 | -0.03 | -0.11 | 0.70 |
| Free Cash Flow | 36.71M | 3.90M | 22.52M | 15.37M | 2.74M | -23.48M |
| Free Cash Flow Per Share | 0.41 | 0.04 | 0.25 | 0.17 | 0.03 | -0.27 |
| Gross Margin | 6.38% | 9.44% | 23.65% | 15.52% | 7.27% | 9.70% |
| Operating Margin | -11.00% | -9.45% | 5.24% | -0.09% | -2.06% | -22.24% |
| Profit Margin | -7.43% | -4.81% | 6.68% | -1.20% | -3.80% | 116.74% |
| Free Cash Flow Margin | 15.97% | 2.00% | 12.75% | 7.52% | 1.10% | -44.58% |
| EBITDA | -14.89M | -9.27M | 16.90M | 9.19M | 2.61M | -8.36M |
| EBITDA Margin | -6.48% | -4.75% | 9.57% | 4.50% | 1.05% | -15.88% |
| D&A For EBITDA | 10.39M | 9.17M | 7.64M | 9.37M | 7.72M | 3.35M |
| EBIT | -25.28M | -18.44M | 9.26M | -181.58K | -5.12M | -11.71M |
| EBIT Margin | -11.00% | -9.45% | 5.24% | -0.09% | -2.06% | -22.24% |
| Effective Tax Rate | 13.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.34M | 8.30M | 6.72M | 4.64M | 6.52M | 7.36M |
| Short-Term Investments | 110.40K | 120.78K | 4.32M | 108.49K | 43.91K | 75.18K |
| Cash & Short-Term Investments | 9.45M | 8.42M | 11.05M | 4.75M | 6.56M | 7.43M |
| Accounts Receivable | 46.50M | 38.39M | 32.66M | 28.44M | 32.93M | 52.96M |
| Other Receivables | 15.13M | 12.93M | 12.21M | 5.54M | 4.95M | 7.72M |
| Receivables | 61.64M | 51.32M | 44.87M | 33.98M | 37.88M | 60.68M |
| Inventory | 75.67M | 50.60M | 22.85M | 33.41M | 49.45M | 30.13M |
| Prepaid Expenses | 637.00K | 850.68K | 501.22K | 645.39K | 706.19K | 683.65K |
| Other Current Assets | 91.03M | 69.44M | 62.13M | 55.63M | 31.11M | 23.91M |
| Total Current Assets | 238.43M | 180.64M | 141.40M | 128.42M | 125.71M | 122.84M |
| Property, Plant & Equipment | 233.24M | 226.48M | 142.33M | 142.22M | 113.58M | 133.15M |
| Long-Term Investments | 2.52M | 2.49M | 2.25M | 2.57M | 945.24K | 712.93K |
| Goodwill | 1.65M | |||||
| Other Intangible Assets | 68.31K | 71.65K | 382.96K | 841.36K | 1.31M | 1.96M |
| Long-Term Accounts Receivable | 838.53K | |||||
| Long-Term Deferred Tax Assets | 2.49M | 1.40M | ||||
| Other Long-Term Assets | 16.75M | 16.50M | 15.86M | 7.10M | 62.94K | |
| Total Assets | 491.01M | 426.18M | 302.22M | 281.16M | 244.03M | 262.62M |
| Accounts Payable | 209.83M | 156.39M | 97.13M | 82.84M | 67.85M | 65.70M |
| Accrued Expenses | 13.30M | 11.88M | 8.38M | 5.50M | 5.44M | 7.09M |
| Short-Term Debt | 37.72M | 28.87M | 26.42M | 32.99M | 15.60M | 13.49M |
| Current Portion of Leases | 3.30M | 2.65M | 1.27M | 2.34M | 1.42M | 801.80K |
| Current Income Taxes Payable | 1.11M | 1.32M | 1.18M | 775.75K | ||
| Current Unearned Revenue | 35.13M | 29.24M | 12.24M | 4.03M | 6.93M | 6.04M |
| Other Current Liabilities | 67.82M | 69.50M | 25.08M | 32.02M | 14.70M | 19.65M |
| Total Current Liabilities | 368.20M | 299.85M | 171.70M | 160.50M | 111.93M | 112.77M |
| Long-Term Debt | 7.65M | 4.12M | ||||
| Long-Term Leases | 2.33M | 2.09M | 2.45M | 475.30K | 607.22K | 876.32K |
| Long-Term Unearned Revenue | 10.20M | 10.20M | 7.58M | 6.20M | 6.66M | 6.19M |
| Other Long-Term Liabilities | 413.30K | 446.55K | 420.69K | 522.57K | 450.61K | 1.90M |
| Total Liabilities | 388.80M | 316.70M | 182.15M | 167.70M | 119.65M | 121.73M |
| Common Stock | 88.65K | 88.65K | 90.08K | 90.06K | 89.14K | 88.85K |
| Additional Paid-In Capital | 256.46M | 256.46M | 261.94M | 261.57M | 260.34M | 256.05M |
| Retained Earnings | -140.04M | -130.75M | -121.38M | -133.17M | -130.72M | -121.27M |
| Treasury Stock | -4.07M | -4.07M | -4.07M | -4.07M | ||
| Comprehensive Income & Other | -11.34M | -13.11M | -14.92M | -11.60M | -8.15M | 2.49M |
| Total Common Equity | 105.16M | 112.68M | 121.67M | 112.82M | 117.50M | 133.29M |
| Minority Interest | -2.95M | -3.20M | -1.61M | 634.04K | 6.88M | 7.59M |
| Shareholders' Equity | 102.21M | 109.48M | 120.07M | 113.46M | 124.38M | 140.88M |
| Total Liabilities & Equity | 491.01M | 426.18M | 302.22M | 281.16M | 244.03M | 262.62M |
| Total Debt | 51.01M | 37.74M | 30.14M | 35.80M | 17.62M | 15.17M |
| Net Cash (Debt) | -41.56M | -29.32M | -19.10M | -31.05M | -11.06M | -7.74M |
| Net Cash Per Share | -0.47 | -0.33 | -0.21 | -0.35 | -0.12 | -0.09 |
| Filing Date Shares Outstanding | 88.65M | 88.65M | 89.94M | 89.92M | 89.01M | 88.71M |
| Total Common Shares Outstanding | 88.65M | 88.65M | 89.94M | 89.92M | 88.99M | 88.71M |
| Working Capital | -129.78M | -119.21M | -30.30M | -32.07M | 13.77M | 10.07M |
| Book Value Per Share | 1.19 | 1.27 | 1.35 | 1.25 | 1.32 | 1.50 |
| Tangible Book Value | 105.09M | 112.61M | 121.29M | 111.98M | 116.19M | 129.68M |
| Tangible Book Value Per Share | 1.19 | 1.27 | 1.35 | 1.25 | 1.31 | 1.46 |
| Buildings | 90.53M | 89.34M | 44.59M | 45.84M | 47.09M | 48.42M |
| Machinery | 159.52M | 148.14M | 87.31M | 86.34M | 73.72M | 60.59M |
| Construction In Progress | 29.69M | 32.05M | 42.53M | 37.80M | 9.95M | 27.34M |
| Leasehold Improvements | 10.09M | 8.79M | 8.06M | 7.21M | 5.16M | 5.54M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -17.09M | -9.38M | 11.79M | -2.45M | -9.45M | 61.49M |
| Depreciation & Amortization | 11.84M | 10.58M | 9.17M | 10.34M | 8.56M | 4.02M |
| Other Amortization | 41.13K | |||||
| Loss (Gain) From Sale of Assets | 259.38K | 53.43K | 428.31K | 544.48K | 7.72M | 9.64K |
| Asset Writedown & Restructuring Costs | 475.22K | 7.07M | 6.39M | |||
| Loss (Gain) From Sale of Investments | -45.75K | 2.37M | -692.64K | |||
| Loss (Gain) on Equity Investments | -89.97K | -145.10K | 18.78K | 27.43K | ||
| Stock-Based Compensation | 50.18K | 76.80K | 376.65K | 1.23M | 64.19K | 1.05M |
| Provision & Write-off of Bad Debts | -102.97K | -210.18K | -264.18K | 1.27M | -2.43M | -780.39K |
| Other Operating Activities | 8.82M | 5.23M | 2.72M | -2.67M | -5.93M | -60.86M |
| Change in Accounts Receivable | -3.72M | -3.89M | -5.32M | 2.40M | 17.49M | 16.38M |
| Change in Inventory | -51.89M | -33.89M | 6.30M | 11.21M | -23.98M | -11.81M |
| Change in Accounts Payable | 102.72M | 63.66M | 4.65M | 16.79M | 7.56M | -1.81M |
| Change in Unearned Revenue | 2.36M | |||||
| Change in Income Taxes | -184.69K | -184.69K | 549.96K | 157.43K | -109.31K | -7.46M |
| Change in Other Net Operating Assets | 29.85M | 16.66M | 8.85M | -4.19M | 10.46M | -6.18M |
| Operating Cash Flow | 80.46M | 48.55M | 39.70M | 46.51M | 15.11M | -4.27M |
| Capital Expenditures | -43.75M | -44.65M | -17.19M | -31.14M | -12.37M | -19.21M |
| Sale of Property, Plant & Equipment | 149.20K | 149.20K | 215.32K | 1.14K | 282.16K | |
| Cash Acquisitions | -17.48M | |||||
| Divestitures | 4.46M | |||||
| Investment in Securities | -2.93M | -2.93M | -8.82M | -11.17M | -297.34K | -1.39M |
| Other Investing Activities | -1.07M | 1.72M | 2.36M | |||
| Investing Cash Flow | -47.60M | -45.71M | -23.43M | -42.31M | -7.93M | -38.08M |
| Short-Term Debt Issued | 51.18M | 46.40M | 36.33M | 23.08M | ||
| Long-Term Debt Issued | 1.11M | 1.70M | 1.49M | |||
| Total Debt Issued | 50.09M | 51.18M | 47.51M | 38.02M | 24.57M | |
| Short-Term Debt Repaid | -45.79M | -52.08M | -18.52M | -19.82M | -17.22M | |
| Long-Term Debt Repaid | -116.86K | -2.81M | -884.91K | -628.12K | ||
| Total Debt Repaid | -40.71M | -45.91M | -54.89M | -19.41M | -20.44M | -17.22M |
| Net Debt Issued (Repaid) | 9.39M | 5.27M | -7.39M | 18.62M | 4.12M | -17.22M |
| Issuance of Common Stock | 65.50M | |||||
| Repurchase of Common Stock | -1.50M | -1.50M | ||||
| Other Financing Activities | 5.51M | 4.24M | -4.30M | 1.49M | ||
| Financing Cash Flow | 13.39M | 8.00M | -11.69M | 18.62M | 5.61M | 48.27M |
| Foreign Exchange Rate Adjustments | 4.81M | 4.05M | -2.62M | -1.35M | -1.80M | -237.78K |
| Net Cash Flow | 51.06M | 14.89M | 1.96M | 21.47M | 11.00M | 5.68M |
| Free Cash Flow | 36.71M | 3.90M | 22.52M | 15.37M | 2.74M | -23.48M |
| Free Cash Flow Margin | 15.97% | 2.00% | 12.75% | 7.52% | 1.10% | -44.58% |
| Free Cash Flow Per Share | 0.41 | 0.04 | 0.25 | 0.17 | 0.03 | -0.27 |
| Levered Free Cash Flow | 38.72M | 36.37M | 10.09M | 5.92M | -14.55M | -45.72M |
| Unlevered Free Cash Flow | 39.33M | 36.92M | 10.31M | 6.04M | -14.24M | -45.61M |
| Cash Interest Paid | 968.84K | 871.63K | 408.03K | 181.61K | 571.12K | 177.54K |
| Cash Income Tax Paid | 2.19M | 59.51K | 3.05K | |||
| Change in Working Capital | 76.77M | 42.35M | 15.03M | 28.79M | 10.19M | -8.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 98.40M | 74.03M | 84.54M | 93.96M | 88.10M | 138.38M |
| Enterprise Value | 139.95M | 98.58M | 90.44M | 129.98M | 113.46M | 138.64M |
| Last Close Price | 1.11 | 0.84 | 0.94 | 1.05 | 0.99 | 1.56 |
| PE Ratio | 7.17 | 2.25 | ||||
| Forward PE | 41.76 | 13.43 | 21.00 | |||
| PS Ratio | 0.43 | 0.38 | 0.48 | 0.46 | 0.35 | 2.63 |
| PB Ratio | 0.94 | 0.68 | 0.70 | 0.83 | 0.71 | 0.98 |
| P/TBV Ratio | 0.94 | 0.66 | 0.70 | 0.84 | 0.76 | 1.07 |
| P/FCF Ratio | 2.68 | 18.97 | 3.75 | 6.12 | 32.13 | |
| P/OCF Ratio | 1.22 | 1.52 | 2.13 | 2.02 | 5.83 | |
| EV/Sales Ratio | 0.61 | 0.51 | 0.51 | 0.64 | 0.46 | 2.63 |
| EV/EBITDA Ratio | 5.35 | 14.14 | 43.52 | |||
| EV/EBIT Ratio | 9.76 | |||||
| EV/FCF Ratio | 3.81 | 25.27 | 4.02 | 8.46 | 41.38 | |
| Debt / Equity Ratio | 0.50 | 0.34 | 0.25 | 0.32 | 0.14 | 0.11 |
| Debt / EBITDA Ratio | 1.63 | 3.51 | 5.12 | |||
| Debt / FCF Ratio | 1.39 | 9.67 | 1.34 | 2.33 | 6.43 | |
| Net Debt / Equity Ratio | 0.41 | 0.27 | 0.16 | 0.27 | 0.09 | 0.06 |
| Net Debt / EBITDA Ratio | -2.79 | -3.16 | 1.13 | 3.38 | 4.24 | -0.93 |
| Net Debt / FCF Ratio | 1.13 | 7.51 | 0.85 | 2.02 | 4.03 | -0.33 |
| Asset Turnover | 0.57 | 0.54 | 0.60 | 0.78 | 0.98 | 0.26 |
| Inventory Turnover | 4.04 | 4.81 | 4.79 | 4.17 | 5.80 | 2.69 |
| Quick Ratio | 0.19 | 0.20 | 0.33 | 0.24 | 0.40 | 0.60 |
| Current Ratio | 0.65 | 0.60 | 0.82 | 0.80 | 1.12 | 1.09 |
| Return on Equity (ROE) | -16.17% | -9.54% | 8.21% | -7.18% | -8.54% | 63.70% |
| Return on Assets (ROA) | -3.94% | -3.16% | 1.98% | -0.04% | -1.26% | -3.61% |
| Return on Invested Capital (ROIC) | -17.89% | -13.27% | 5.62% | -0.13% | -3.60% | -11.46% |
| Return on Capital Employed (ROCE) | -20.60% | -14.60% | 7.10% | -0.20% | -3.90% | -7.80% |
| Earnings Yield | -17.28% | -12.67% | 13.95% | -2.61% | -10.72% | 44.43% |
| FCF Yield | 37.31% | 5.27% | 26.63% | 16.35% | 3.11% | -16.97% |
| Buyback Yield / Dilution | 1.15% | 1.01% | -1.01% | -0.36% | -1.19% | -41.77% |