CNEY revenueFY2025$35.57M
- FY YoY
- -30.2%
- 5Y CAGR
- +23.3%
CNEY revenue was $35.57M for fiscal 2025 (ended Sep 30, 2025), down 30.2% from fiscal 2024. Compound annual growth was +23.3% over 5 years. It rose in 4 of the last 6 fiscal years.
CN Energy Group Inc. (CNEY) financials
For fiscal 2025 (ended Sep 30, 2025), CN Energy Group Inc. reported $35.57M of revenue and -$11.14M of net income.
- Revenue, FY2025
- $35.57M
- Revenue growth, YoY
- -30.2%
- Net income, FY2025
- -$11.14M
- Net margin
- -31.3%
- Free cash flow, FY2025
- -$1.97M
- EPS, diluted, FY2025
- -$21.46
- Cash
- $390.7K
- P/S
- 0.08
- Market cap
- $2.9M
FY2019FY2025
FY2019FY2025
FY2019FY2025
CNEY revenue and earnings growth
CNEY net incomeFY2025-$11.14M
CNEY net income was -$11.14M for fiscal 2025 (ended Sep 30, 2025), compared with -$14.04M in fiscal 2024.
CNEY EPSFY2025-$21.46
CNEY diluted EPS was -$21.46 for fiscal 2025 (ended Sep 30, 2025).
CNEY free cash flowFY2025-$1.97M
CNEY free cash flow was -$1.97M for fiscal 2025 (ended Sep 30, 2025), compared with -$2.37M in fiscal 2024.
Income statement
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $35.57M | $50.96M | $57.90M | $40.21M | $19.85M | $12.48M | $10.89M |
| Cost of revenue | $34.93M | $51.14M | $57.11M | $36.56M | $17.23M | $9.12M | $7.92M |
| Gross profit | $647.6K | -$181.1K | $788.6K | $3.64M | $2.62M | $3.36M | $2.97M |
| Research and development | $1.3K | $135.1K | $988.6K | $1.03M | $385.5K | $287.3K | $594.0K |
| Selling, general and admin | $2.72M | $3.20M | $5.73M | $2.06M | $1.45M | $920.1K | $857.8K |
| Operating income | -$10.98M | -$12.49M | -$6.18M | $459.8K | $583.4K | $2.00M | $1.19M |
| Interest expense | $168.2K | $233.9K | $0 | $157.2K | $0 | - | - |
| Pre-tax income | -$11.14M | -$14.05M | -$5.85M | $2.54M | $1.73M | $2.51M | $1.78M |
| Income tax | $378 | -$8.9K | -$222.1K | -$314.3K | -$437.3K | $170.1K | $170.1K |
| Net income | -$11.14M | -$14.04M | -$5.63M | $2.23M | $1.30M | $2.34M | $1.67M |
| EPS, basic | -$21.46 | -$103.27 | -$78.01 | $77.25 | $64.00 | $172.50 | $127.50 |
| EPS, diluted | -$21.46 | -$103.27 | -$78.01 | $77.25 | $64.00 | $172.50 | $127.50 |
| Diluted shares | 2.0M | 274,481 | 90,683 | 28,879.72 | 20,263.36 | 13,333.333 | 13,333.333 |
Balance sheet
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $390.7K | $317.3K | $195.5K | $18.05M | $190.8K | $1.57M | $1.56M |
| Receivables | $1.65M | $11.79M | $29.01M | $18.76M | $12.38M | $8.73M | - |
| Inventory | $3.64M | $3.33M | $2.66M | $784.3K | $1.12M | $2.81M | - |
| Current assets | $65.77M | $61.50M | $72.45M | $74.22M | $48.89M | $14.70M | - |
| Total assets | $107.31M | $98.36M | $126.20M | $94.94M | $68.96M | $31.44M | - |
| Current liabilities | $4.73M | $1.45M | $22.44M | $30.46M | $5.64M | $7.70M | - |
| Short-term debt | - | $0 | $548.2K | $20.0K | $264.4K | $1.61M | - |
| Long-term debt | - | $0 | $34.3K | $421.7K | $22.0K | - | - |
| Total debt | - | $0 | $582.5K | $441.7K | $286.4K | - | - |
| Total liabilities | $5.34M | $1.45M | $22.63M | $31.16M | $6.28M | $8.32M | - |
| Shareholders' equity | $101.97M | $96.91M | $103.56M | $63.78M | $62.68M | $23.12M | $18.00M |
Cash flow
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.97M | -$2.37M | -$30.16M | -$7.51M | -$11.59M | -$1.82M | $124.9K |
| Capital expenditures | $0 | $0 | $683.4K | $2.49M | $434.8K | $14.7K | $886.7K |
| Free cash flow | -$1.97M | -$2.37M | -$30.85M | -$10.01M | -$12.03M | -$1.83M | -$761.8K |
| Investing cash flow | -$10.40M | $1.57M | -$1.45M | $2.17M | -$27.92M | -$875.8K | -$1.19M |
| Financing cash flow | $12.45M | $925.8K | $13.43M | $24.94M | $38.02M | $2.62M | $790.3K |
| Depreciation and amortization | - | - | $1.60M | $1.40M | $1.10M | - | - |
Key ratios
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -30.2% | -12.0% | 44.0% | 102.6% | 59.1% | 14.5% | - |
| Net income growth, YoY | - | - | - | 72.0% | -44.7% | 40.6% | - |
| EPS growth, YoY | - | - | - | - | - | 35.3% | - |
| Gross margin | 1.8% | -0.4% | 1.4% | 9.1% | 13.2% | 26.9% | 27.3% |
| Operating margin | -30.9% | -24.5% | -10.7% | 1.1% | 2.9% | 16.1% | 10.9% |
| Net margin | -31.3% | -27.6% | -9.7% | 5.5% | 6.5% | 18.8% | 15.3% |
| Free cash flow margin | -5.5% | -4.7% | -53.3% | -24.9% | -60.6% | -14.7% | -7.0% |
| Return on equity | -10.9% | -14.5% | -5.4% | 3.5% | 2.1% | 10.1% | 9.3% |
| Return on assets | -10.4% | -14.3% | -4.5% | 2.3% | 1.9% | 7.5% | - |
| Current ratio | 13.90 | 42.41 | 3.23 | 2.44 | 8.66 | 1.91 | - |
| Debt to equity | - | 0.00 | 0.01 | 0.01 | 0.00 | - | - |
Source: XBRL data CN Energy Group Inc. files with the SEC, latest filing dated Sep 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-30, first reported Feb 15, 2024; 1-for-25, first reported Jan 30, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
CNEY peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CNEY | $35.57M | -30.2% | -$11.14M | -31.3% | $2.9M |
| LIN | $36.24B | +8.2% | $7.01B | 19.3% | $238.88B |
| APD | $12.60B | +4.5% | -$47.30M | -0.4% | $69.27B |
| DOW | $42.61B | +4.2% | -$897.00M | -2.1% | $22.41B |
| IFF | $11.69B | +24.3% | $182.00M | 1.6% | $21.14B |
| DD | $7.06B | +3.2% | $301.00M | 4.3% | $20.56B |
| LYB | $31.96B | +3.5% | $1.30B | 4.1% | $19.23B |
| ALB | $6.15B | +24.4% | $681.63M | 11.1% | $11.70B |
| SOLS | $4.17B | +9.4% | $325.00M | 7.8% | $10.01B |
CNEY FAQ
9 questionsWhat is CNEY revenue?
CN Energy Group Inc. (CNEY) reported $35.57M of revenue for fiscal 2025 (ended Sep 30, 2025). That is down 30.2% from the year before.Is CNEY profitable?
No. CN Energy Group Inc. reported a net loss of $11.14M for fiscal 2025 (ended Sep 30, 2025).How much cash and debt does CNEY have?
CN Energy Group Inc. reported $390.7K in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is CNEY revenue growing?
CN Energy Group Inc.'s revenue changed -30.2% in fiscal 2025, to $35.57M. Its compound annual growth rate was +23.3% over 5 years.What is CNEY gross margin?
CN Energy Group Inc.'s gross profit was $647.6K on $35.57M of revenue for fiscal 2025 (ended Sep 30, 2025), a gross margin of 1.8%.What is CNEY free cash flow?
CN Energy Group Inc. generated -$1.97M of free cash flow for fiscal 2025 (ended Sep 30, 2025), which is operating cash flow of -$1.97M less capital expenditures.What is CNEY earnings per share?
Diluted earnings per share were -$21.46 for fiscal 2025 (ended Sep 30, 2025), from SEC filings, restated for any stock split those filings show.When did CNEY last report financial results?
The latest statements here come from CN Energy Group Inc.'s 20-F/A filed on Sep 10, 2026, covering the period ended Sep 30, 2025.Where does this CNEY financial data come from?
Quantisnow builds these statements from the structured XBRL data CN Energy Group Inc. files with the SEC. It is provided for information only and is not investment advice.