10-Q · July 27, 2026
CETY delivered $783,705 of Q1 2026 revenue, up 77.3% year over year and 10.4% sequentially, but nearly all growth came from low-margin China natural-gas trading. Gross margin swung from 93.2% in Q1 2025 to negative…
Earnings analysis · 10-Q
CETY earnings analysis
Filed August 19, 2026 · Our reading of the company's report
The latest report
Revenue increased to $783,705, up 10.4% sequentially and 77.3% year over year, while diluted EPS improved to $(0.05) from $(0.59) and $(0.21), respectively. However, gross margin remained negative at 1.8% and operating…
Read full summary
Revenue increased to $783,705, up 10.4% sequentially and 77.3% year over year, while diluted EPS improved to $(0.05) from $(0.59) and $(0.21), respectively. However, gross margin remained negative at 1.8% and operating margin was negative 91.8%, with operating profitability deteriorating sequentially. The company also disclosed ineffective disclosure controls as of June 30, 2026 and material acquisition-related payments totaling $3,845,415.52 based on the stated $640,902.52 fee and $3,204,513 deposit.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
- Gross margin
- -1.8%
- Operating margin
- -91.8%
What stood out
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Revenue rebounded materially
Revenue was $783,705, up 10.4% from $709,857 in 2025 Q4 and up 77.3% from $441,940 in 2025 Q1.
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EPS loss narrowed
Diluted EPS improved to $(0.05) from $(0.59) in 2025 Q4 and $(0.21) in the prior-year quarter, although the company remained loss-making.
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Gross margin improved sequentially
Gross margin improved to negative 1.8% from negative 31.4% in 2025 Q4, a 29.6-percentage-point sequential improvement, but remained below the 93.2% reported in 2025 Q1.
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Acquisition deposit protection disclosed
The filing identifies a potential acquisition-related refundable deposit of HKD 25,000,000, equivalent to $3,204,513, and states that the consultant would ensure 715,447 shares were returned for cancellation if the deposit was not refunded as agreed.
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No material litigation identified
Management reported no legal proceedings that it believes are likely to have a material adverse effect on consolidated financial position or results of operations.
What to watch
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Severe operating losses persist
Operating margin deteriorated to negative 91.8% from negative 10.8% in 2025 Q4 and negative 93.4% in 2025 Q1, indicating continued substantial operating losses despite the improved EPS figure.
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Ineffective disclosure controls
The company concluded that its disclosure controls and procedures were not effective as of June 30, 2026, covering the six months ended June 30, 2026.
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Material acquisition-related cash exposure
The company paid a non-refundable consulting fee of HKD 5,000,000, or $640,902.52, and a refundable acquisition deposit of HKD 25,000,000, or $3,204,513, in connection with the potential acquisition of Italian operations.
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Share-return and transaction risk
The acquisition arrangement involved 715,447 shares sold at $6.15 per share for aggregate gross proceeds of $4,400,000; although the amendment provides for their return if the deposit is not refunded as agreed, the arrangement remains subject to execution and recovery risk.
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Highly volatile gross profitability
Gross margin was negative 1.8% in the current quarter versus 23.7% in 2025 Q3 and 93.2% in 2025 Q1, showing significant volatility and weak current-period gross profitability.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text; numeric guidance is not available.
Earlier filings 4
10-K · June 30, 2026
Clean Energy Technologies, Inc. reported a decline in revenue to $709,857 for Q4 2025, while diligently grappling with negative net income and extended operating losses. The company continues to experience significant…
10-K · June 5, 2026
Clean Energy Technologies, Inc. faced significant challenges in 2025, reporting a net loss of $6.81 million, a significant increase from the prior year's loss of $4.55 million. Despite a decrease in revenue to $2.16…
10-Q · June 5, 2026
Clean Energy Technologies, Inc. reported a notable decline in revenue for the nine months ended September 30, 2025, totaling $1,451,769 compared to $1,944,333 for the same period in 2024, driven largely by reduced…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.