CBL International Limited (BANL) Income Statement
BANL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBANL revenue and net income
Where BANL's revenue goes
2025Each bar shows an amount and its share of revenue. BANL kept −0.6% of revenue as net income.
BANL profit margins
BANL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.1% | +5.2% | +18.1% | — |
| Gross profit | −16.8% | −21.2% | −6.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BANL quarterly EPS vs estimates
CBL International beat the analyst EPS estimate in 1 of the last 2 quarters.
BANL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $538.5M | $592.5M | $435.9M | $462.9M | $326.5M | $234.3M |
| Cost of revenue | $534.0M | $587.1M | $428.7M | $453.8M | $319.0M | $228.0M |
| Gross profit | $4.5M | $5.4M | $7.2M | $9.1M | $7.6M | $6.2M |
| Sales, general & admin | $6.9M | $8.7M | $5.5M | $4.4M | $3.4M | $2.8M |
| Total operating expenses | $6.9M | $8.7M | $5.5M | $4.4M | $3.4M | $2.8M |
| Operating income | −$2.4M | −$3.3M | $1.7M | $4.8M | $4.2M | $3.5M |
| Interest income | $42,941 | $21,167 | $70,853 | $1,710 | $70 | $640 |
| Interest expense | $787,377 | $591,858 | $302,486 | $261,703 | $3,429 | $1,358 |
| Income before taxes | −$3.0M | −$3.9M | $1.4M | $4.5M | $4.2M | $3.4M |
| Income taxes | −$394 | −$29,484 | $298,605 | $814,468 | $656,321 | $527,071 |
| Net income | −$3.0M | −$3.7M | $1.1M | $3.7M | $3.6M | $2.9M |
| EBITDA | −$1.7M | −$2.8M | $2.0M | $4.9M | $4.3M | $6.9M |
| EPS (diluted) | −$0.11 | −$1.62 | $0.59 | $0.19 | $2.18 | — |
| Gross margin | 0.8% | 0.9% | 1.7% | 2.0% | 2.3% | 2.7% |
| Operating margin | −0.5% | −0.6% | 0.4% | 1.0% | 1.3% | 1.5% |
| Net margin | −0.6% | −0.6% | 0.3% | 0.8% | 1.1% | 1.2% |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.3M | $65.2M | $265.2M | $132.6M | $315.3M | $157.6M | $277.2M | $138.6M | $243.9M | $122.0M | $192.0M | $96.0M |
| Cost of revenue | $98.2M | $64.8M | $262.5M | $131.2M | $312.6M | $156.3M | $274.5M | $137.3M | $240.7M | $120.4M | $187.9M | $94.0M |
| Gross profit | $1.1M | $471,913 | $2.7M | $1.4M | $2.7M | $1.3M | $2.7M | $1.4M | $3.2M | $1.6M | $4.0M | $2.0M |
| Sales, general & admin | — | — | $3.4M | $1.7M | $4.6M | $2.3M | $4.1M | $2.1M | $3.0M | $1.5M | $2.5M | $1.3M |
| Total operating expenses | $876,435 | $832,521 | $3.4M | $1.7M | $4.6M | $2.3M | $4.1M | $2.1M | $3.1M | $1.5M | $2.5M | $1.2M |
| Operating income | $228,455 | −$360,607 | −$701,467 | −$350,734 | −$2.8M | −$1.4M | −$1.4M | −$700,873 | $167,080 | $83,540 | $1.5M | $747,374 |
| Interest expense | $195,938 | $119,130 | $281,505 | $78,224 | $342,940 | — | $48,179 | $35,254 | — | — | $30,965 | $31,081 |
| Income before taxes | $574,250 | −$477,020 | −$990,947 | −$495,474 | −$3.5M | −$1.8M | −$1.6M | −$809,663 | $31,124 | $15,562 | $1.4M | $700,066 |
| Income taxes | $197,425 | −$331 | $997 | $499 | −$45,966 | −$22,983 | $206 | $103 | $51,920 | $25,960 | $246,686 | $123,343 |
| Net income | $378,418 | −$476,688 | −$972,897 | −$486,449 | −$2.1M | −$1.1M | −$1.6M | −$809,766 | −$14,220 | −$7,110 | $1.2M | $576,723 |
| EBITDA | $286,446 | −$297,021 | −$637,385 | −$303,511 | −$1.9M | −$915,388 | −$1.3M | −$654,166 | $253,226 | $126,613 | $1.6M | $782,214 |
| EPS (diluted) | — | — | −$0.04 | −$0.07 | — | — | — | — | — | — | — | $0.17 |
| Gross margin | 1.1% | 0.7% | 1.0% | 1.0% | 0.8% | 0.8% | 1.0% | 1.0% | 1.3% | 1.3% | 2.1% | 2.1% |
| Operating margin | 0.2% | −0.6% | −0.3% | −0.3% | −0.9% | −0.9% | −0.5% | −0.5% | 0.1% | 0.1% | 0.8% | 0.8% |
| Net margin | 0.4% | −0.7% | −0.4% | −0.4% | −0.7% | −0.7% | −0.6% | −0.6% | −0.0% | −0.0% | 0.6% | 0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BANL's financial statements (latest annual report filed April 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BANL financial results
In fiscal year 2025 (ended December 31, 2025), CBL International reported revenue of $538.5 million, down 9.1% from the year before. It had a net loss of $3.0 million, a net profit margin of −0.6%. Diluted earnings per share came to −$0.11. Over five years revenue grew at an average rate of 18.1% a year.
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BANL income statement FAQ
What is CBL International's annual revenue?
CBL International reported total revenue of $538.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 9.1% from $592.5 million the previous year.
Is CBL International profitable?
No. CBL International reported a net loss of $3.0 million in fiscal 2025, a net profit margin of −0.6%; its operating margin was −0.5%.
What is CBL International's gross margin?
CBL International's gross margin was 0.8% in fiscal 2025: for every $100 of revenue, CBL International kept $1 after the direct cost of its products and services.
How fast is CBL International growing?
Revenue grew 18.1% a year on average over the last five fiscal years, from $234.3 million to $538.5 million.
What are CBL International's earnings per share?
CBL International earned $-0.11 per diluted share in fiscal 2025, compared with $-1.62 a year earlier.
When does CBL International's fiscal year end?
CBL International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 17, 2026.