Cenntro Inc. CENN

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived Nasdaq

We are an emerging designer, manufacturer, distributor, and service provider of commercial vehicles powered by either electricity or hydrogen energy sources. Our commercial vehicles are designed to

serve a variety of fleet and municipal organizations in support of city services, last-mile delivery and other commercial applications. As of December 31, 2025, we have developed six series of commercial vehicle models, Metro®, Logistar™,

iChassis™, Avantier™, Teemak™, Bison Motor™ and Antric One. We have successfully begun to produce and deliver these models into the global markets, apart from Logimax™.

We have also developed and introduced iChassis™ platform that consists of a programmable "smart" chassis that is currently used by third parties and integrated with their controlling software for

Last close 2.34 2026-10-23
Market cap $5.7M 2026-06-30 share count
52-week range 2.15 - 16.20

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-87.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $18.1M$31.3M$10.4M$8.9M$8.6M$5.5M$3.6M——
Cost of revenue $20.4M$23.7M$8.8M$9.5M$7.1M$4.9M$3.7M——
Gross profit -$2.3M$7.6M$1.6M-$514.0K$1.5M$570.2K-$123.9K——
R&D $2.8M$5.2M$7.7M$6.4M$1.5M$1.4M$2.1M——
SG&A $20.3M$26.3M$33.0M$32.8M$15.0M$8.7M$11.0M——
Total operating expenses $30.2M$39.4M$44.9M$54.7M$18.0M$11.2M$17.7M——
Operating income -$32.5M-$31.8M-$43.2M-$55.2M-$16.5M-$10.6M-$17.8M——
Interest expense ——$402.4K$844.2K$1.1M$1.4M$1.1M——
Pre-tax income -$68.9M-$34.1M-$46.1M-$112.1M-$16.4M-$5.2M-$19.5M——
Income tax $52.9K$35.5K$9.0K$0$0$0$0——
Net income -$73.0M-$44.9M-$54.2M-$110.1M-$16.4M-$5.2M-$19.5M——
EPS, basic -87.21-87.28-1.78-4.18-0.09-0.03-0.11——
EPS, diluted -87.21-87.28-1.78-4.18-0.09-0.03-0.11——
Shares, diluted (wtd. avg.) 836,814514,02330.4M26.3M175.1M174.9M174.9M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $4.5M$12.5M$29.6M$154.1M$261.7M$4.5M$1.2M$3.2M—
Short-term investments $0$5.5K$4.2M$0—————
Receivables $1.3M$3.3M$2.5M$565.4K$2.0M$463.3K———
Inventory $21.9M$24.0M$29.2M$31.8M$8.1M$4.2M———
Total current assets $45.6M$65.9M$104.9M$203.0M$281.1M$20.1M———
Property, plant and equipment $15.9M$17.4M$20.4M$15.0M$1.3M$1.0M———
Goodwill $0$26.6M$223.5K$0—————
Other intangibles $6.1M$6.2M$6.9M$4.6M$3.3K$45.4K———
Total assets $74.4M$132.6M$185.5M$267.8M$291.4M$22.8M———
Accounts payable $5.5M$5.1M$4.9M$3.4M$3.7M$3.7M———
Short-term debt $1.3M$249.6K$0——————
Total current liabilities $26.7M$29.1M$29.3M$70.2M$26.4M$14.5M———
Long-term debt $1.2M$362.4K$0——————
Total liabilities $34.0M$54.6M$63.7M$96.0M$27.6M$14.9M———
Retained earnings -$391.9M-$318.9M-$274.0M-$219.8M-$109.7M-$93.3M———
Total equity $40.3M$77.8M$121.9M$171.9M$263.8M$7.9M$8.4M$22.4M—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow -$12.6M-$21.4M-$58.5M-$69.4M-$21.5M-$7.9M-$4.7M——
Depreciation and amortisation $1.8M$1.6M$1.5M$907.7K$589.6K$1.4M$1.5M——
Stock-based compensation $2.8M$3.4M$5.2M$4.0M$1.1M$3.4M$4.9M——
Capital expenditure —$846.1K$7.6M$3.3M$756.3K$77.0K$56.3K——
Investing cash flow -$866.7K$4.1M-$16.4M-$56.9M$7.2M$26.5M$1.5M——
Financing cash flow $4.9M$1.2M-$48.1M$19.5M$271.2M-$15.5M$1.2M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014773.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -150M -100M -50M 0 50M Revenue, FY2019: 3.6M Gross profit, FY2019: -123.9K Net income, FY2019: -19.5M Revenue, FY2020: 5.5M Gross profit, FY2020: 570.2K Net income, FY2020: -5.2M Revenue, FY2021: 8.6M Gross profit, FY2021: 1.5M Net income, FY2021: -16.4M Revenue, FY2022: 8.9M Gross profit, FY2022: -514K Net income, FY2022: -110.1M Revenue, FY2023: 10.4M Gross profit, FY2023: 1.6M Net income, FY2023: -54.2M Revenue, FY2024: 31.3M Gross profit, FY2024: 7.6M Net income, FY2024: -44.9M Revenue, FY2025: 18.1M Gross profit, FY2025: -2.3M Net income, FY2025: -73M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — $3.6M $5.5M $8.6M $8.9M $10.4M $31.3M $18.1M
Gross profit — — -$123.9K $570.2K $1.5M -$514.0K $1.6M $7.6M -$2.3M
Net income — — -$19.5M -$5.2M -$16.4M -$110.1M -$54.2M -$44.9M -$73.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Unregistered share sale Item 3.02
  • Material agreement signed Item 1.01
  • Unregistered share sale Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Charter or fiscal year changed Item 5.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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