Liquidity remains severely constrained, as the company recorded a negative operating cash flow of $125.9K in 2026Q1 while halting all capital expenditure activity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Cash from Operations | 2.16M | 66.91M | -10.76M | -68.1M | -351.88K | -1.61M | 82.25M | -14.65M | 2.17M | -285.1K | 39.51M | 63.91M | -35.12M | -70.28M | 42.39M | -17.23M | -14.3M | 15.91M | 1.96M | 5M | -4.08M | 5.29M | -1.79M | 5 | 17 | -58.09K |
| Operating CF Growth % | -44.04% | 721.59% | 84.19% | -19253.16% | 78.18% | -101.96% | 661.46% | -775.6% | 860.53% | -100.72% | -38.17% | 281.98% | 50.03% | -265.78% | 345.98% | -20.5% | -189.91% | 712.26% | -60.81% | 222.51% | -177.1% | 395.75% | -35778400% | -70.59% | 100.03% | - |
| Operating CF / Revenue % | 615.44% | 25488.19% | - | - | - | - | - | -1688.78% | 26.44% | -4.39% | 881.42% | 262.41% | -178.65% | -111.21% | 3402.2% | -55.08% | -18.92% | 35.96% | 10.19% | 53.72% | -141.2% | 25.91% | -7.3% | - | - | - |
| Net Income | -2.56M | -2.9M | -1.56M | -746.79K | -4.46M | -12.23M | 4.05M | -8.77M | -69.2M | -9.33M | 1.48M | 18.37M | 19.73M | 15.82M | 3.22M | 22.4M | 17.83M | 10.06M | 1.83M | 1.88M | -3.46M | 1.81M | 1.59M | 5 | 17 | 58.65K |
| Depreciation & Amortization | 57.4K | 46.97K | 119 | 584 | 612 | 638 | 61.9K | 7.54M | 2.04K | 1.33K | 4.21K | 26.04K | 20.93K | 49K | 50.34K | 57.77K | 23.63K | 35.12K | 1.23M | 315.07K | 189.37K | 239.72K | 287.23K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 11.59M | -61.9K | -3.02M | 1.02M | -788.28K | -2.74M | -1.25M | 1.06M | 3.93M | 1M | 6.35K | 4.52M | 2.09M | 0 | 0 | 12.85K | 15.93K | -23.82K | 0 | 0 | 0 |
| Other Non-Cash Items | 68.99M | 422.11K | 840.47K | 96.08K | 558.47K | -656.05K | 8.68M | 1.17M | 16.59K | 1.97M | 242.31K | 9.39K | -4.19M | -45.53M | 4.06M | -37.97M | -60.01M | 1.98M | 83 | 248.99K | 3.01M | -12.36K | 1.03M | 0 | 0 | -76.74K |
| Working Capital Changes | -65.6M | 68.51M | -10.05M | -67.45M | 3.55M | -540.8K | 69.51M | -11.71M | 9.69M | 7.86M | 37.08M | 43.16M | -51.92M | -44.63M | 33.97M | -3.18M | 20.21M | 1.75M | -1.96M | 2.56M | -3.89M | 3.24M | -4.68M | 0 | 0 | -40K |
| Capital Expenditures | -155.46M | 0 | 11.03M | 0 | 0 | 0 | -1.89K | 0 | 0 | 0 | 0 | -1.2M | 2.28M | -12.31M | -2.4M | 1.89M | -712.67K | -54.9M | -10.9M | 0 | 0 | -3.55M | -132.16K | 0 | 0 | 0 |
| CapEx / Revenue % | 44387.06% | 0% | - | - | - | - | - | 0% | 0% | 0% | 0% | 4.92% | 11.58% | 19.49% | 192.48% | 6.04% | 0.94% | 124.12% | 56.7% | 0% | 0% | 17.39% | 0.54% | - | - | - |
| CapEx / D&A | 2708.27x | 0.00x | 92699.13x | 0.00x | 0.00x | 0.00x | 0.03x | 0.00x | 0.00x | 0.00x | 0.00x | 46.02x | 108.78x | 251.29x | 47.64x | 32.70x | 30.16x | 1563.27x | 8.86x | 0.00x | 0.00x | 14.82x | 0.46x | - | - | - |
| CapEx Coverage (OCF/CapEx) | 0.01x | - | -0.98x | - | - | - | 43633.14x | - | - | - | - | 53.33x | -15.43x | -5.71x | 17.68x | -9.12x | -20.07x | 0.29x | 0.18x | - | - | 1.49x | -13.54x | - | - | - |
| Cash from Investing | 2.17M | -99.47M | 11.03M | -69.12M | 0 | 0 | -1.89K | 5.07K | 0 | 0 | 1.11M | -1.2M | 2.28M | -12.31M | -2.4M | 1.89M | -712.67K | -54.9M | -10.9M | -8.64M | 963 | -3.55M | -132.16K | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.07K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.1K | 10.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.79M | 0 | 0 | 0 | -18.8M | -7.06M | -8.64M | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.8M | -7.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 2.17M | -99.47M | 11.03M | -69.12M | 0 | 0 | 0 | 0 | 0 | 0 | 1.11M | -1.18M | 2.28M | 503.36K | -2.4M | 1.9M | -630.7K | 17.34M | 7.06M | 0 | 963 | -3.13M | 0 | 0 | 0 | 0 |
| Cash from Financing | 22.27M | 32.14M | 0 | 0 | 0 | 42.56M | 3.5M | -21.82M | 3.69M | -740.54K | -31.57M | -54.43M | 60.8M | 44.5M | -10.07M | 18.48M | 25M | 32.84M | 13.96M | 5.07M | 0 | 1.5M | 282.57K | 0 | 0 | 60K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | -1000K | 1000K | -740.54K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 50K |
| Stock Issued | -9.87M | 32.14M | 0 | 0 | 0 | 37.56M | 497.19K | 3.31M | 2.69M | 0 | 0 | 0 | 18.92M | 0 | 0 | 0 | 430.5K | 2M | 9.03M | 0 | 0 | 1.5M | 1.69M | 0 | 0 | 10K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.5M | 0 | 0 | 0 |
| Other Financing | 32.14M | 0 | 0 | 0 | 0 | 0 | 0 | 3.31M | 0 | 0 | 0 | 3.21K | 15.8M | -729.16K | -3.33M | 7.15M | 1.59M | 820.38K | -75.11K | 68.58K | 0 | 0 | 92.57K | 0 | 0 | 0 |
| Net Change in Cash | 29.2M | 14.81K | -7.03K | -138.78M | -13.2M | 44.21M | 91.58M | -37M | 3.39M | 2.08M | 6M | 5.88M | 28.17M | -37.3M | 30.06M | 3.88M | 9.96M | -6.16M | 5.63M | 1.38M | -3.33M | 3.5M | -1.64M | 5 | 17 | 1.91K |
| Exchange Rate Effect | 2.6M | 441.23K | -274.13K | -1.56M | -12.85M | 3.26M | 5.84M | -541.6K | -2.46M | 3.1M | -3.05M | -2.4M | 209.38K | 783.33K | 129.01K | 740.05K | -23.13K | 61 | 613.72K | -42.73K | 752K | 263.66K | 263 | 0 | 0 | 0 |
| Cash at Beginning | 40.16K | 25.34K | 32.37K | 138.81M | 152.01M | 107.8M | 16.22M | 53.22M | 49.83M | 47.75M | 41.75M | 35.87M | 7.7M | 45M | 14.95M | 11.07M | 1.11M | 7.27M | 1.63M | 252K | 3.58M | 75.51K | 1.71M | 1.93K | 1.91K | 0 |
| Cash at End | 158.79M | 40.16K | 25.34K | 32.37K | 138.81M | 152.01M | 107.8M | 16.22M | 53.22M | 49.83M | 47.75M | 41.75M | 35.87M | 7.7M | 45M | 14.95M | 11.07M | 1.11M | 7.27M | 1.63M | 252K | 3.58M | 75.51K | 1.93K | 1.93K | 1.91K |
| Free Cash Flow | -153.3M | 66.91M | 267.1K | -68.1M | -351.88K | -1.61M | 82.25M | -14.65M | 2.17M | -285.1K | 39.51M | 62.71M | -32.84M | -82.59M | 39.99M | -15.34M | -15.02M | -39M | -8.94M | 5M | -4.08M | 1.74M | -1.92M | 5 | 17 | -58.09K |
| FCF Growth % | -396.21% | 24950.09% | 100.39% | -19253.16% | 78.18% | -101.96% | 661.45% | -775.6% | 860.53% | -100.72% | -36.99% | 290.95% | 60.23% | -306.51% | 360.63% | -2.2% | 61.5% | -336.31% | -278.85% | 222.51% | -334.55% | 190.53% | -38421500% | -70.59% | 100.03% | - |
| FCF Margin % | -43771.62% | 25488.19% | - | - | - | - | - | -1688.78% | 26.44% | -4.39% | 881.42% | 257.49% | -167.07% | -130.7% | 3209.72% | -49.04% | -19.86% | -88.16% | -46.51% | 53.72% | -141.2% | 8.52% | -7.83% | - | - | - |
| FCF / Net Income % | 5981.46% | -2307.17% | -17.13% | 9119.06% | 7.89% | 13.18% | 2030.37% | 166.98% | -3.29% | 3.88% | -81.82% | 340.89% | -165.78% | -528.41% | 1173.85% | -71.54% | -93.65% | -401.66% | 402.61% | 266.11% | 29.09% | 96.04% | -120.44% | 100% | 100% | -99.05% |
Imminent liquidity exhaustion
According to quarterly financial data, Smart Powerr Corp. reported a negative operating cash flow of $125.9K in 2026Q1, which highlights the company's inability to generate sufficient internal liquidity from its legacy energy-saving service contracts to cover even basic corporate administrative obligations.
The persistent negative operating cash flow suggests that the company's core business model is no longer functioning as a source of recurring revenue. Investors should monitor the lack of positive cash generation, as it indicates that the firm is currently unable to sustain its own operations without external capital support.
As reported in recent financial statements, the company recorded zero capital expenditures in 2026Q1, a sharp contrast to the $154.7M investment observed in 2025Q4, signaling a total halt in the deployment of new waste-to-energy infrastructure projects.
The cessation of CAPEX appears to confirm that the company has abandoned its growth strategy in favor of preserving its remaining $40,156 cash balance. This lack of investment suggests that the firm is no longer expanding its rate base or pursuing new BOT opportunities in the Chinese industrial sector.
Based on the provided cash flow tables, the company has not accessed debt or equity markets in 2026Q1, leaving it with no visible path to fund operations given the $125.9K quarterly cash burn and the absence of new project-based financing.
The lack of external financing activity may indicate that the company has exhausted its credit capacity or is unable to secure terms from lenders. This environment suggests that the firm is effectively locked out of capital markets, which significantly increases the risk of a total cessation of operations.
Data from recent filings reveals a critical liquidity shortfall, with cash reserves of only $40,156 failing to cover the $125.9K operating cash outflow experienced in the most recent quarter, pointing toward an urgent need for capital that the current business model cannot provide.
The cash flow statement hides the reality that the company is likely operating on a day-to-day basis with no buffer for unexpected liabilities or project maintenance. This precarious position suggests that the firm may be forced into highly dilutive financing or asset liquidation to remain a going concern.
Quick answers to the most common questions about buying CREG stock.
Smart Powerr Corp. (CREG) generated $66.9M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Smart Powerr Corp. (CREG) generated $66.9M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Smart Powerr Corp. (CREG) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.