CBAT on Nasdaq

CBAK Energy Technology Inc.

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Last updated Oct 16, 2026.

Overview

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  • TickerCBAT on Nasdaq1
  • Industrybattery industry1
  • HeadquartersE91
  • Websiteen.cbak.com.cn
  • Incorporated inCayman Islands3
  • Business addressBak Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian City, 1164503

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.4%Gross margin4
-9.4%Operating margin4
-4.8%Net margin4
10.5%Revenue growth, 20254
-8.3%Return on equity4
0.04×Debt to equity4
$3.9MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue91¢$176.8M
  • Research and development8¢$15.8M
  • Other costs1¢$1.4M
  • Interest1¢$1.1M
  • Income tax0¢$184.7K

Out of $195.2M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending92¢$44.7M
  • Share buybacks3¢$1.5M
  • Kept or used elsewhere5¢$2.4M

Out of $48.6M of cash from operations.4

Financial statements

Revenue567894$195.2M in 2025+779% since 2019
0$100.0M$200.0M$300.0M2019: $22.2M$22.2M20192020: $37.6M$37.6M2020+69%2021: $52.7M$52.7M2021+40%2022: $248.7M$248.7M2022+372%2023: $204.4M$204.4M2023−18%2024: $176.6M$176.6M2024−14%2025: $195.2M$195.2M2025+11%
Gross profit567894$18.4M in 2025+2859% since 2019
0$20.0M$40.0M$60.0M2019: $622.5K$622.5K20192020: $2.7M$2.7M2020+336%2021: $5.1M$5.1M2021+88%2022: $18.1M$18.1M2022+254%2023: $31.7M$31.7M2023+75%2024: $41.8M$41.8M2024+32%2025: $18.4M$18.4M2025−56%
Operating income567894-$18.4M in 2025+83% since 2019
-$20.0M-$10.0M0$10.0M2019: -$10.1M-$10.1M20192020: -$8.5M-$8.5M2020−16%2021: -$11.7M-$11.7M2021+38%2022: -$11.5M-$11.5M2022−2%2023: -$7.3M-$7.3M2023−37%2024: $8.8M$8.8M20242025: -$18.4M-$18.4M2025
Net income1067894-$9.4M in 2025−13% since 2019
-$20.0M0$20.0M$40.0M$60.0M$80.0M2019: -$10.8M-$10.8M20192020: -$7.8M-$7.8M2020−27%2021: $61.5M$61.5M20212022: -$9.4M-$9.4M20222023: -$2.4M-$2.4M2023−74%2024: $11.8M$11.8M20242025: -$9.4M-$9.4M2025
Fiscal year2019202020212022202320242025
Revenue$22.2M5$37.6M6$52.7M7$248.7M8$204.4M9$176.6M4$195.2M4
Cost of revenue$21.6M5$34.9M6$47.6M7$230.6M8$172.7M9$134.8M4$176.8M4
Gross profit$622.5K5$2.7M6$5.1M7$18.1M8$31.7M9$41.8M4$18.4M4
Research and development$1.9M5$1.7M6$5.3M7$10.6M8$11.9M9$13.0M4$15.8M4
Selling, general and admin$1.5M6
Operating income-$10.1M5-$8.5M6-$11.7M7-$11.5M8-$7.3M9$8.8M4-$18.4M4
Interest$2.3M5$1.7M6$339.9K7$646.0K8$1.0M9$1.1M4$1.1M4
Income tax-$7.7M7-$1.2M8$2.5M9$1.6M4-$184.7K4
Net income-$10.8M10-$7.8M6$61.5M7-$9.4M8-$2.4M9$11.8M4-$9.4M4
Earnings per share-$0.285-$0.136$0.707-$0.118-$0.039$0.134-$0.104
Earnings per share (diluted)-$0.136$0.707-$0.118-$0.039$0.134-$0.104

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Recent filings

  1. Oct 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
  2. Sep 4, 2026EFFECT
  3. Aug 26, 2026F-3 REGISTRATION STATEMENT
  4. Jul 31, 2026S-8 POS REGISTRATION STATEMENT
  5. Jul 31, 2026S-8 POS REGISTRATION STATEMENT
  6. Jun 23, 20268-K CURRENT REPORT
  7. Jun 23, 20268-K12B CURRENT REPORT
  8. May 18, 20268-K CURRENT REPORT
  9. May 18, 202610-Q QUARTERLY REPORT
  10. May 1, 20268-K CURRENT REPORT
  11. Mar 31, 202610-K ANNUAL REPORT
  12. Mar 30, 20268-K CURRENT REPORT
  13. Mar 19, 20268-K CURRENT REPORT
  14. Jan 16, 2026DEF 14A DEFINITIVE PROXY STATEMENT
  15. Jan 16, 2026424B3 PROSPECTUS

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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