CBAK Energy Technology (CBAT) Financial Statements & Analysis

CBAK Energy Technology (CBAT) Income Statement

CBAK Energy Technology reported revenue of $195.19M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 10.5% from $176.61M a year earlier. CBAK Energy Technology posted a net loss of $9.38M, compared with net income of $11.79M a year earlier. Gross margin was 9.4% and operating margin -9.4%. In the most recent quarter, Q1 fiscal 2026 (ended Mar 31, 2026), revenue was $69.62M, up 99.3% from the same quarter a year earlier.

CBAK Energy Technology Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

CBAK Energy Technology, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	195.19	176.61	204.44	248.73	248.73	52.67	52.67	37.57	37.57	22.19	24.43	58.38
Cost of Revenue	176.77	134.84	172.71	230.63	230.63	47.56	47.56	34.85	34.85	21.57	27.73	68.57
Gross Profit	18.42	41.78	31.72	18.10	18.10	5.11	5.11	2.71	2.71	0.62	-3.30	-10.20
Operating Expenses
Research & Development	15.80	13.01	11.93	10.64	10.64	5.27	5.27	1.68	1.68	1.91	2.48	1.74
Selling, General & Administrative	21.27	19.15	18.69	11.75	11.75	12.33	12.33	4.45	4.45	5.43	6.58	7.55
Operating Expenses	36.86	32.99	38.98	29.60	22.38	16.82	17.60	11.19	6.85	10.71	9.22	10.01
Operating Income	-18.44	8.79	-7.25	-11.50	-4.29	-11.71	-12.49	-8.48	-4.13	-10.09	-13.44	-20.21
Other Income/Expense
Interest Income	-0.67	1.28	0.43	0.49	0.49	0.78	0.78	0.00	0.01	0.00	0.00	0.00
Interest Expense	0.00	0.00	-0.18	0.00	-0.50	0.00	-0.18	1.40	-0.99	1.38	0.83	0.25
Other Income/Expense	7.30	2.36	1.20	-1.05	-8.76	65.54	65.53	0.63	2.02	-0.76	10.56	-1.26
Income
Income Before Tax	-11.14	11.14	-6.05	-12.56	-12.56	53.83	53.83	-7.85	-7.85	-10.85	-1.96	-21.47
Income Tax Expense	-0.18	1.56	2.49	-1.23	-1.23	-7.73	-7.73	0.00	-	0.00	-0.01	0.00
Net Income	-9.38	11.79	-2.45	-9.45	-9.45	61.49	61.49	-7.81	-7.81	-10.77	-1.94	-21.47
Net Income - Continuous Operations	-9.38	11.79	-8.54	-9.45	-11.33	61.49	61.56	-7.81	-	-10.77	-1.94	-21.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-9.27	18.79	9.19	4.27	4.27	-8.44	-8.44	-3.75	-1.60	-6.72	1.49	-19.48
EBIT	-18.44	9.26	-0.18	-	-4.29	-	-12.49	-	-4.13	-	-	-
Depreciation & Amortization	10.58	9.17	9.37	8.56	8.56	4.06	4.06	2.70	2.53	2.75	2.62	1.74
Earnings Per Share
Basic EPS	-	-	-	-	-	1.00	1.00	-	-	-	-	-1.00
Diluted EPS	-	-	-	-	-	1.00	1.00	-	-	-	-	-1.00
Basic Shares Outstanding	89.25	89.93	89.25	88.93	88.93	87.61	87.61	61.99	61.99	38.97	26.60	23.24
Diluted Shares Outstanding	89.25	90.16	89.25	88.93	88.93	87.88	87.88	61.99	61.99	38.97	26.60	23.24

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About CBAK Energy Technology Financial Statements

What was CBAK Energy Technology's revenue in fiscal 2025?

CBAK Energy Technology reported revenue of $195.19M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 10.5% from $176.61M a year earlier.

Is CBAK Energy Technology profitable?

No. CBAK Energy Technology reported a net loss of $9.38M in fiscal 2025. In fiscal 2024 it earned $11.79M.

What is CBAK Energy Technology's operating margin?

CBAK Energy Technology's operating income was −$18.44M on revenue of $195.19M in fiscal 2025, an operating margin of -9.4%, compared with 5.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition