Cenntro Inc. income statement
In fiscal 2025, Cenntro Inc. reported revenue of $18.1m, down 42.2% on the year before, operating income of −$32.5m (a -180.0% margin) and net income of −$73.0m, or −$87.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 5 | 9 | 9 | 10 | 31 | 18 | 17 |
| Cost of revenue | 4 | 5 | 7 | 9 | 9 | 24 | 20 | 19 |
| Gross profit | −0 | 1 | 2 | −1 | 2 | 8 | −2 | −2 |
| Research and development | 2 | 1 | 1 | 6 | 8 | 5 | 3 | 2 |
| Selling and marketing | 1 | 1 | 1 | 7 | 4 | 7 | 3 | 2 |
| General and administrative | 11 | 9 | 15 | 33 | 33 | 26 | 20 | 17 |
| Operating income | −18 | −11 | −16 | −55 | −43 | −32 | −33 | −30 |
| Interest expense | 1 | 1 | 1 | 1 | −0 | — | — | — |
| Provision for credit losses | — | — | — | — | — | 0 | 6 | — |
| Income before tax | −20 | −5 | −16 | −112 | −46 | −34 | −69 | −67 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | −0 | −0 |
| Net income | −19 | −5 | −16 | −110 | −54 | −45 | −73 | −72 |
| Diluted EPS | −$11.00 | −$3.00 | −$540.00 | −$250.80 | −$1.78 | −$87.28 | −$87.21 | — |
| Diluted shares (average) | — | — | — | 439m | 507m | — | — | — |
| EBITDA | −16 | −9 | −16 | −54 | −42 | −30 | −30 | −28 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 5 | 2 | 6 | 5 | 5 | 1 | 6 |
| Cost of revenue | 10 | 6 | 2 | 6 | 4 | 8 | 1 | 6 |
| Gross profit | 6 | −0 | 0 | −0 | 0 | −3 | 0 | 0 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Selling and marketing | 4 | 2 | 1 | 0 | 1 | 1 | 0 | 1 |
| General and administrative | 7 | 6 | 5 | 5 | 4 | 6 | 3 | 4 |
| Operating income | −7 | −10 | −6 | −8 | −7 | −11 | −4 | −7 |
| Interest expense | 0 | — | 0 | 0 | 0 | — | — | — |
| Income before tax | −5 | −13 | −5 | −8 | −6 | −49 | −4 | −8 |
| Income tax | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net income | −9 | −17 | −6 | −10 | −7 | −51 | −4 | −11 |
| Diluted EPS | −$0.29 | −$86.39 | −$10.99 | −$16.30 | −$8.40 | −$86.65 | −$2.66 | −$5.97 |
| EBITDA | −6 | −10 | −6 | −8 | −6 | −11 | −4 | −7 |
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