CN Energy Group. Inc. (CNEY) Income Statement
CNEY FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsCNEY revenue and net income
Where CNEY's revenue goes
FY2025Each bar shows an amount and its share of revenue. CNEY kept −31.3% of revenue as net income.
CNEY profit margins
CNEY growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.2% | −4.0% | +23.3% | — |
| Gross profit | — | — | — | — |
| 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.
CNEY quarterly EPS vs estimates
CN Energy Group. beat the analyst EPS estimate in 1 of the last 2 quarters.
CNEY income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.6M | $51.0M | $57.9M | $40.2M | $19.8M | $12.5M | $10.9M | $8.1M | $1.4M |
| Cost of revenue | $42.7M | $51.1M | $57.1M | $36.6M | $17.2M | $9.1M | $7.9M | $6.3M | $1.6M |
| Gross profit | −$7.2M | −$181,111 | $788,650 | $3.6M | $2.6M | $3.4M | $3.0M | $1.8M | −$277,808 |
| Research & development | $1,279 | $135,146 | $988,559 | $1.0M | $385,525 | $287,299 | $593,992 | $43,723 | $41,938 |
| Sales, general & admin | $4.1M | $10.2M | $5.8M | $2.1M | $1.4M | $920,062 | $857,765 | $410,710 | — |
| Total operating expenses | $3.8M | $12.3M | $7.0M | $3.2M | $953,887 | $884,633 | $1.2M | $107,146 | $741,830 |
| Operating income | −$11.0M | −$12.5M | −$6.2M | $459,829 | $583,380 | $2.0M | $1.8M | $1.1M | −$1.0M |
| Interest income | $2,567 | $388 | $489 | $702,872 | $191,227 | — | — | — | — |
| Interest expense | $708,711 | $335,957 | $712,490 | $157,221 | $191,227 | $27,691 | $6,553 | $0 | — |
| Income before taxes | −$11.1M | −$14.0M | −$5.8M | $2.5M | $1.7M | $2.5M | $1.8M | $1.7M | −$925,106 |
| Income taxes | $378 | −$8,925 | −$222,122 | $314,273 | $437,349 | $170,119 | $108,811 | $112,629 | −$113,113 |
| Net income | −$11.1M | −$14.0M | −$5.6M | $2.2M | $1.3M | $2.3M | $1.7M | $1.6M | −$811,993 |
| EBITDA | −$9.1M | −$11.1M | −$2.4M | $4.2M | $2.9M | $3.0M | $2.8M | $2.8M | $189,797 |
| EPS (diluted) | −$1.98 | −$19.40 | −$78.03 | $72.63 | $47.84 | $0.31 | $0.15 | $0.03 | — |
| Gross margin | −20.2% | −0.4% | 1.4% | 9.1% | 13.2% | 26.9% | 27.3% | 22.5% | −20.3% |
| Operating margin | −30.9% | −24.5% | −10.7% | 1.1% | 2.9% | 16.1% | 16.4% | 13.0% | −74.4% |
| Net margin | −31.3% | −27.6% | −9.7% | 5.5% | 6.5% | 18.8% | 15.3% | 19.3% | −59.2% |
| Jun '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7M | $19.2M | $8.2M | $16.4M | $8.2M | $19.7M | $9.8M | $31.3M | $15.6M | $35.2M | $17.6M | $22.7M |
| Cost of revenue | $17.5M | $26.9M | $7.9M | $15.9M | $7.9M | $20.0M | $10.0M | $31.2M | $15.6M | $35.4M | $17.7M | $21.9M |
| Gross profit | $240,632 | −$7.7M | $239,615 | $479,230 | $239,615 | −$353,512 | −$176,756 | $65,392 | $32,696 | −$205,546 | −$102,773 | $798,840 |
| Research & development | — | $823 | $1,051 | $2,102 | $1,051 | $1,856 | $928 | $133,290 | $66,645 | $399,470 | $199,735 | $589,090 |
| Sales, general & admin | — | — | $787,841 | $1.6M | $787,841 | $7.6M | $3.8M | $2.7M | $1.3M | $1.2M | $1.6M | $4.6M |
| Total operating expenses | $48.3M | $2.2M | $788,892 | $1.6M | $788,892 | $9.4M | $4.7M | $2.8M | $1.4M | $1.0M | $518,846 | $5.2M |
| Operating income | −$48.1M | −$9.0M | −$549,277 | −$1.1M | −$549,277 | −$9.8M | −$4.9M | −$2.7M | −$1.4M | −$1.8M | −$908,186 | −$4.4M |
| Interest expense | $885,910 | $429,222 | — | $218,320 | $50,586 | $50,556 | $285,371 | — | $437,794 | $875,588 | $274,696 | $274,696 |
| Income before taxes | −$49.5M | −$18.1M | $3.5M | $6.9M | $3.5M | −$11.1M | −$5.5M | −$3.0M | −$1.5M | −$1.7M | −$840,412 | −$4.2M |
| Income taxes | — | $44 | $167 | $334 | $167 | $10 | $5 | −$8,935 | $113,132 | $226,264 | $113,132 | $4,141 |
| Net income | −$49.5M | −$18.1M | $3.5M | $6.9M | $3.5M | −$11.1M | −$5.5M | −$3.0M | −$1.5M | −$1.5M | −$727,281 | −$4.2M |
| EBITDA | −$47.8M | −$8.6M | −$143,056 | −$229,745 | −$143,056 | −$6.7M | −$3.4M | −$1.4M | −$715,696 | −$456,034 | −$228,017 | −$2.6M |
| EPS (diluted) | — | — | $9.58 | — | −$55.48 | — | — | — | — | — | — | — |
| Gross margin | 1.4% | −39.9% | 2.9% | 2.9% | 2.9% | −1.8% | −1.8% | 0.2% | 0.2% | −0.6% | −0.6% | 3.5% |
| Operating margin | −271.3% | −46.9% | −6.7% | −6.7% | −6.7% | −49.6% | −49.6% | −8.7% | −8.7% | −5.2% | −5.2% | −19.2% |
| Net margin | −279.6% | −94.1% | 42.3% | 42.3% | 42.3% | −56.3% | −56.3% | −9.4% | −9.4% | −4.1% | −4.1% | −18.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNEY's financial statements (latest annual report filed January 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNEY financial results
In fiscal year 2025 (ended September 30, 2025), CN Energy Group. reported revenue of $35.6 million, down 30.2% from the year before. It had a net loss of $11.1 million, a net profit margin of −31.3%. Diluted earnings per share came to −$1.98. Over five years revenue grew at an average rate of 23.3% a year.
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CNEY income statement FAQ
What is CN Energy Group.'s annual revenue?
CN Energy Group. reported total revenue of $35.6 million for fiscal year 2025, which ended on September 30, 2025. That was down 30.2% from $51.0 million the previous year.
Is CN Energy Group. profitable?
No. CN Energy Group. reported a net loss of $11.1 million in fiscal 2025, a net profit margin of −31.3%; its operating margin was −30.9%.
What is CN Energy Group.'s gross margin?
CN Energy Group.'s gross margin was −20.2% in fiscal 2025: for every $100 of revenue, CN Energy Group. kept $-20 after the direct cost of its products and services.
How much does CN Energy Group. spend on research and development?
CN Energy Group. spent $0.0 million on research and development in fiscal 2025, 0.0% of revenue.
How fast is CN Energy Group. growing?
Revenue grew 23.3% a year on average over the last five fiscal years, from $12.5 million to $35.6 million.
What are CN Energy Group.'s earnings per share?
CN Energy Group. earned $-1.98 per diluted share in fiscal 2025, compared with $-19.40 a year earlier.
When does CN Energy Group.'s fiscal year end?
CN Energy Group.'s fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on January 30, 2026.