CBAK Energy Technology, Inc. (CBAT) Financial Statements (2026 and earlier)

Company Profile

Business Address BAK INDUSTRIAL PARK, MEIGUI STREET
DALIAN, 116422
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,30110,9614,6436,5197,35811,682
Cash and cash equivalent8,3016,7244,6436,5197,35811,682
Short-term investments  4,237    
Net investment in lease, before allowance for credit loss      235
Receivables49,80836,04328,65327,41449,90734,164
Inventory, net of allowances, customer advances and progress billings50,60222,85133,41349,44630,1335,253
Inventory50,60222,85133,41349,44630,1335,253
Prepaid expense1,8747,993   529
Derivative instruments and hedges, assets      
Deposits current assets67,37654,06254,180  8,990
Other current assets   7,749125,707122,842 
Other undisclosed current assets2,6779,487(215)  2,318
Total current assets:180,639141,397128,423209,086210,24063,170
Noncurrent Assets
Operating lease, right-of-use asset3,0693,2381,0851,2651,9687,501
Net investment in lease, before allowance for credit loss      850
Nontrade receivables   6,203   
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization179,05985,48791,62990,00590,04341,040
Long-term investments and receivables2,4862,2462,565 776 
Due from related parties✕✕✕✕ 63 
Long-term investments2,4862,2462,565 713 
Intangible asset, including goodwill, after accumulated amortization723838411,3093,60712
Goodwill     1,645 
Intangible asset, excluding goodwill, after accumulated amortization723838411,3091,96212
Deposits noncurrent assets16,50315,8647,101   
Asset, held-in-trust     839 
Deferred income tax assets    2,4871,404 
Other undisclosed noncurrent assets44,35553,60343,307  30,193
Total noncurrent assets:245,543160,821152,73295,06598,63679,597
Other undisclosed assets    (60,118)(46,258) 
TOTAL ASSETS:426,182302,218281,155244,033262,618142,767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,1622,05982,45335,50422,964156
Accounts payable   82,43032,51640,353 
Accrued liabilities3,1622,059242,988128156
Other undisclosed accounts payable and accrued liabilities     (17,517) 
Deferred revenue15,8424,832    
Debt1,30726,42334,57115,75212,64615,145
Derivative instruments and hedges, liabilities728  1365,84617,783
Other liabilities     7,456 
Due to related parties✕✕✕✕ 4,282 
Government assistance, liability579556✕✕✕✕
Other undisclosed current liabilities278,230137,83143,47160,54159,57340,625
Total current liabilities:299,848171,701160,496111,934112,76773,709
Noncurrent Liabilities
Long-term debt and lease obligation4,119   8767,305
Long-term debt, excluding current maturities4,119    7,305
Finance lease, liability      
Liabilities, other than long-term debt12,73510,4507,2016,1846,1891,836
Accounts payable and accrued liabilities447421   1,836
Deferred revenue   6,2035,5776,189 
Other liabilities   523   
Operating lease, liability2,0932,449475607876 
Government assistance, liability10,1957,580✕✕✕✕
Other undisclosed noncurrent liabilities    1,5361,9007,511
Total noncurrent liabilities:16,85410,4507,2017,7208,96616,652
Total liabilities:316,702182,151167,697119,654121,73390,360
Equity
Equity, attributable to parent, including:112,678121,673112,824117,495133,29252,399
Common stock899090898979
Treasury stock, value  (4,067)(4,067)(4,067)(4,067)(4,067)
Additional paid in capital248,500247,842247,466246,241241,946225,278
Accumulated other comprehensive income (loss)(13,113)(14,919)(11,601)(8,154)2,489(240)
Accumulated deficit(133,796)(122,606)(134,396)(131,947)(122,498)(183,984)
Other undisclosed equity, attributable to parent10,99815,33215,33215,33215,33215,332
Equity, attributable to noncontrolling interest(3,198)(1,606)6346,8837,5938
Total equity:109,480120,067113,458124,378140,88552,407
TOTAL LIABILITIES AND EQUITY:426,182302,218281,155244,033262,618142,767

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues195,189176,615204,438248,72552,67037,566
Cost of revenue(176,767)(134,839)(172,714)(230,630)(47,559)(34,852)
Cost of product and service sold(6,607)(4,927)(3,555)(18,433)(2,741)(26,062)
Gross profit:18,42341,77531,72418,0955,1102,714
Operating expenses(36,864)(32,987)(38,976)(29,600)(16,823)(11,194)
Other operating income, net    2,041  
Other undisclosed operating loss    (2,041)  
Operating income (loss):(18,441)8,788(7,252)(11,505)(11,713)(8,480)
Nonoperating income (expense)(528)1,3293,023(7,252)3,644(40)
Investment income, nonoperating14546    
Other nonoperating income (expense)(673)1,2833,023(7,252)3,644(40)
Interest and debt expense(2)(79)(638)(2,858)(340)(1,710)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     2,383
Income (loss) from continuing operations before equity method investments, income taxes:(18,971)10,038(4,866)(21,615)(8,408)(7,847)
Loss from equity method investments  (19)(27)   
Other undisclosed income (loss) from continuing operations before income taxes7,8351,125(1,160)9,05962,234 
Income (loss) from continuing operations before income taxes:(11,137)11,144(6,053)(12,556)53,826(7,847)
Income tax expense (benefit)185(1,559)(2,486)1,2287,733 
Income (loss) from continuing operations:(10,952)9,585(8,539)(11,328)61,559(7,847)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕58,848(7,847)
Loss from discontinued operations     (2,711) 
Other undisclosed net income     2,711 
Net income (loss):(10,952)9,585(8,539)(11,328)61,559(7,847)
Net income (loss) attributable to noncontrolling interest1,5742,2056,0901,879(73)40
Other undisclosed net income attributable to parent     73 
Net income (loss) attributable to parent:(9,378)11,790(2,449)(9,448)61,559(7,807)
Other undisclosed net loss available to common stockholders, basic     (73) 
Net income (loss) available to common stockholders, diluted:(9,378)11,790(2,449)(9,448)61,486(7,807)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(10,952)9,585(8,539)(11,328)61,559(7,847)
Other comprehensive loss   (3,607)   
Other undisclosed comprehensive income (loss)1,788(3,353)    
Comprehensive income (loss):(9,164)6,232(12,146)(11,328)61,559(7,847)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,5932,2406,2492,426(70)45
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (11,189)2,7261,500
Comprehensive income (loss), net of tax, attributable to parent:(7,572)8,472(5,897)(20,091)64,215(6,302)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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