CETY earnings analysis
What we found in CETY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.05
- Gross margin
- -1.8%
- Operating margin
- -91.8%
What they said about what is next.
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text; numeric guidance is not available.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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