NASDAQ · Financial Statements

CBAK Energy Technology Limited (CBAT) Financial Statements

$0.82 NASDAQ: CBAT Market Cap $73.05M

CBAK Energy Technology Limited most recently reported annual revenue of $195.0M, a net loss of $9.0M. Revenue grew at an average annual rate of 38.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

CBAK Energy Technology Limited: Revenue rose from $8.0M in 2016 to $195.0M in 2025, a change of +2337.5% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -146.4% to -9.6%, a shift of +136.9 percentage points; the most recent year shows a net loss of $9.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$8.0M$58.0M$24.0M$22.0M$38.0M$53.0M$249.0M$204.0M$177.0M$195.0M
Operating Expenses$21.0M$79.0M$38.0M$32.0M$46.0M$64.0M$260.0M$212.0M$168.0M$214.0M
Operating Profit$-12.0M$-20.0M$-13.0M$-10.0M$-8.0M$-12.0M$-12.0M$-7.0M$9.0M$-19.0M
Operating Margin-146.4%-34.6%-55.0%-45.5%-22.6%-22.2%-4.6%-3.5%5.0%-9.6%
Other Income$0$-1.0M$11.0M$-1.0M$1.0M$66.0M$-1.0M$1.0M$2.0M$8.0M
Interest$0$0$1.0M$1.0M$1.0M$0$0$0$0$0
Depreciation$1.0M$2.0M$3.0M$3.0M$3.0M$4.0M$9.0M$10.0M$9.0M$11.0M
Profit Before Tax$-12.0M$-21.0M$-2.0M$-11.0M$-8.0M$54.0M$-13.0M$-6.0M$11.0M$-11.0M
Tax$-5.0M$0$730,000$0$0$-14.4M$9.8M$-41.1M$14.0M$1.7M
Net Profit$-13.0M$-21.0M$-2.0M$-11.0M$-8.0M$61.0M$-9.0M$-2.0M$12.0M$-9.0M
EPS$-0.71$-0.92$-0.07$-0.28$-0.13$0.70$-0.11$-0.03$0.13$-0.10
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$42.0M$63.0M$56.0M$59.0M$48.0M$45.0M$25.0M$35.0M$41.0M$61.0M$59.0M$70.0M
Operating Expenses$46.0M$58.0M$62.0M$49.0M$42.0M$45.0M$32.0M$38.0M$44.0M$65.0M$67.0M$79.0M
Operating Profit$-4.0M$5.0M$-6.0M$10.0M$6.0M$-1.0M$-7.0M$-3.0M$-4.0M$-4.0M$-8.0M$-10.0M
Operating Margin-8.9%8.3%-10.5%17.4%12.4%-1.9%-26.0%-8.2%-8.7%-6.6%-14.0%-13.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-3.0M$5.0M$-6.0M$11.0M$7.0M$0$-6.0M$-2.0M$-3.0M$2.0M$-8.0M$-9.0M
Tax$9.5M$-5.6M$-61.9M$9.9M$11.7M$-98.0M$10.6M$0$0$-9.7M$10,000$-80,000
Net Profit$-3.0M$6.0M$-5.0M$10.0M$6.0M$0$-5.0M$-2.0M$-3.0M$3.0M$-7.0M$-9.0M
EPS$-0.03$0.07$-0.05$0.11$0.07$0.00$-0.05$-0.02$-0.03$0.03$-0.08$-0.10

Over the 10 years reported for CBAK Energy Technology Limited, borrowings increased from $25.0M in 2016 to $38.0M in 2025, cash stood at $8.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.60 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$93.0M$153.0M$128.0M$96.0M$143.0M$263.0M$244.0M$281.0M$302.0M$426.0M
Current Assets$32.0M$85.0M$56.0M$28.0M$63.0M$123.0M$126.0M$128.0M$141.0M$181.0M
Cash$2.0M$2.0M$0$2.0M$12.0M$7.0M$7.0M$5.0M$7.0M$8.0M
Inventory$17.0M$10.0M$10.0M$9.0M$5.0M$30.0M$49.0M$33.0M$23.0M$51.0M
Receivables$9.0M$64.0M$16.0M$8.0M$30.0M$60.0M$38.0M$34.0M$45.0M$51.0M
Fixed Assets$53.0M$60.0M$64.0M$67.0M$79.0M$119.0M$101.0M$131.0M$131.0M$214.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$2.0M$1.0M$10.0M$22.0M$19.0M
Other Assets$0$0$0$0$0$2.0M$0$0$0$0
Total Liabilities$78.0M$151.0M$127.0M$82.0M$90.0M$122.0M$120.0M$168.0M$182.0M$317.0M
Current Liabilities$48.0M$117.0M$93.0M$59.0M$74.0M$113.0M$112.0M$160.0M$172.0M$300.0M
Borrowings$25.0M$34.0M$38.0M$36.0M$15.0M$15.0M$18.0M$36.0M$30.0M$38.0M
Other Liabilities$53.0M$117.0M$89.0M$46.0M$75.0M$107.0M$102.0M$132.0M$152.0M$279.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$15.0M$2.0M$0$14.0M$52.0M$133.0M$117.0M$113.0M$122.0M$113.0M

For CBAK Energy Technology Limited, operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was $3.9B; free cash flow was positive in 5 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-19.0M$6.0M$9.0M$-21.0M$-5.0M$-4.0M$15.0M$47.0M$40.0M$48.6B
Investing Cash Flow$-8.0M$-28.0M$-15.0M$-5.0M$-11.0M$-57.0M$-20.0M$-73.0M$-41.0M$-90.4B
Financing Cash Flow$6.0M$2.0M$0$-1.0M$0$0$1.0M$0$-4.0M$8.0B
Net Cash Flow$0$1.0M$7.0M$-11.0M$14.0M$6.0M$11.0M$21.0M$2.0M$14.9B
Free Cash Flow$-22.0M$-6.0M$1.0M$-24.0M$-11.0M$-23.0M$3.0M$15.0M$23.0M$3.9B

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-28.66
FCF Yield31.61%
Quick Ratio0.44
Interest Coverage-31.89
Return 1Y-47.47%
Return 3Y-59.06%
Return 5Y-86.53%

CBAK Energy Technology Limited (CBAT) financials — frequently asked questions

What is CBAK Energy Technology Limited's annual revenue?

CBAK Energy Technology Limited (CBAT) reported annual revenue of $195.0M in its most recent fiscal year.

What is CBAK Energy Technology Limited's net profit?

CBAK Energy Technology Limited (CBAT) reported a net loss of $9.0M in its most recent fiscal year.

What is CBAT EV/EBITDA?

CBAK Energy Technology Limited's enterprise value to EBITDA (EV/EBITDA) ratio is -28.66. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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