The company reported a net loss of $547.4K in 2026Q1, reflecting a structural inability to achieve profitability with an operating margin of -5.0%.
| 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 |
|---|
| Revenue | 350.24K | 262.51K | 0 | 0 | 0 | 0 | 0 | 867.43K | 8.2M | 6.49M | 4.48M | 24.36M | 19.66M | 63.19M | 1.25M | 31.29M | 75.61M | 44.23M | 19.22M | 9.3M | 2.89M | 20.42M | 24.52M | 0 | 0 | 0 |
| Revenue Growth % | 1598.12% | - | - | - | - | - | -100% | -89.42% | 26.35% | 44.77% | -81.59% | 23.89% | -68.89% | 4971.67% | -96.02% | -58.61% | 70.92% | 130.17% | 106.6% | 221.98% | -85.85% | -16.73% | - | - | - | - |
| Cost of Revenue | 187.77K | 145.9K | 61.05K | 62.04K | 61.87K | 61.44K | 0 | 0 | 0 | 1.33K | 74.42K | 21.14M | 14.59M | 47.85M | 50.34K | 23.01M | 57.03M | 33.6M | 14M | 7.03M | 2.31M | 16.85M | 20.66M | 0 | 0 | 0 |
| Gross Profit | 162.47K | 116.61K | -61.05K | -62.04K | -61.87K | -61.44K | 0 | 867.43K | 8.2M | 6.49M | 4.41M | 3.22M | 5.07M | 15.35M | 1.25M | 8.28M | 18.57M | 10.63M | 5.22M | 2.27M | 583.03K | 3.57M | 3.87M | 0 | 0 | 0 |
| Gross Margin % | 46.39% | 44.42% | - | - | - | - | - | 100% | 100% | 99.97% | 98.33% | 13.21% | 25.81% | 24.28% | 100% | 26.45% | 24.56% | 24.04% | 27.14% | 24.39% | 20.18% | 17.49% | 15.77% | - | - | - |
| Gross Profit Growth % | - | 291.01% | 1.59% | -0.26% | -0.71% | - | -100% | -89.42% | 26.39% | 47.19% | 37.02% | -36.6% | -66.94% | 1131.62% | -84.94% | -55.44% | 74.65% | 103.87% | 129.88% | 289.17% | -83.67% | -7.63% | - | - | - | - |
| Operating Expenses | 2.55M | 3.13M | 1.03M | 736.44K | 1.54M | 746.72K | -5.83M | 9.97M | 5.55M | 2.82M | 1.56M | 2.31M | 3.5M | 4.16M | -12.57M | 4.74M | 6.34M | 4.2M | 2.77M | -473K | 4.13M | 1.39M | 1.9M | 5 | 17 | 18.3K |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | -2.37M | -2.97M | -1.03M | -736.44K | -1.54M | -807.36K | 5.89M | -9.1M | -57.99M | 5.81M | 10.36M | 23.93M | 28.06M | 30.58M | 13.87M | 25.7M | 27.39M | 13.53M | 7.52M | 3.06M | -3.36M | 2.42M | 2.25M | 5 | 17 | -18.3K |
| EBITDA Margin % | -675.48% | -1130.87% | - | - | - | - | - | -1049.65% | -707.15% | 89.48% | 231.08% | 98.26% | 142.73% | 48.39% | 1113.03% | 82.13% | 36.23% | 30.58% | 39.13% | 32.86% | -116.33% | 11.87% | 9.18% | - | - | - |
| EBITDA Growth % | -22.51% | -187.54% | -40.19% | 52.09% | -90.41% | -113.71% | 164.68% | 84.3% | -1098.5% | -43.94% | -56.72% | -14.7% | -8.24% | 120.49% | -46.04% | -6.18% | 102.49% | 79.88% | 145.99% | 190.97% | -238.6% | 7.75% | 45004540% | -70.59% | 100.09% | - |
| Depreciation & Amortization | 26.08K | 46.97K | 61.05K | 62.04K | 61.87K | 638 | 61.9K | 2.04K | 2.04K | 1.33K | 4.21K | 26.04K | 20.93K | 49K | 50.34K | 57.77K | 23.63K | 35.12K | 18.08K | 315.07K | 189.37K | 239.72K | 287.23K | 0 | 0 | 0 |
| D&A / Revenue % | 7.45% | 17.89% | - | - | - | - | - | 0.24% | 0.02% | 0.02% | 0.09% | 0.11% | 0.11% | 0.08% | 4.04% | 0.18% | 0.03% | 0.08% | 0.09% | 3.39% | 6.55% | 1.17% | 1.17% | - | - | - |
| Operating Income (EBIT) | -2.39M | -3.02M | -1.09M | -798.47K | -1.6M | -808K | 5.83M | -9.11M | -57.99M | 5.81M | 10.36M | 23.91M | 28.04M | 30.53M | 13.82M | 25.64M | 27.37M | 13.49M | 7.5M | 2.74M | -3.55M | 2.19M | 1.96M | 5 | 17 | -18.3K |
| Operating Margin % | -682.92% | -1148.76% | - | - | - | - | - | -1049.88% | -707.17% | 89.46% | 230.98% | 98.16% | 142.62% | 48.31% | 1108.99% | 81.95% | 36.2% | 30.5% | 39.04% | 29.48% | -122.88% | 10.7% | 8.01% | - | - | - |
| Operating Income Growth % | - | -175.78% | -36.94% | 50.07% | -97.92% | -113.87% | 163.98% | 84.3% | -1098.76% | -43.93% | -56.69% | -14.73% | -8.16% | 120.94% | -46.11% | -6.31% | 102.85% | 79.85% | 173.6% | 177.24% | -262.47% | 11.31% | 39259900% | -70.59% | 100.09% | - |
| Interest Expense | -361.45K | -422.11K | 478.33K | 435.24K | 686.58K | 3.11M | 1.46M | 3M | 8.74M | 5.56M | 7.18M | 3.22M | 3.43M | 6.72M | 9.25M | 19.28M | 2.73M | 476K | 4.79M | 377.4K | 0 | 9.09K | 0 | 0 | 0 | 0 |
| Interest Coverage | - | -8.24x | -2.23x | -0.49x | -5.39x | -2.95x | 3.77x | -2.94x | -6.62x | 1.07x | -6.74x | 7.72x | 8.53x | 4.38x | 1.66x | 2.24x | 11.08x | 28.33x | 0.88x | 7.27x | - | 240.29x | - | - | - | - |
| Interest / Revenue % | -103.2% | -160.8% | - | - | - | - | - | 345.27% | 106.56% | 85.74% | 160.12% | 13.21% | 17.45% | 10.63% | 742.13% | 61.61% | 3.61% | 1.08% | 24.91% | 4.06% | 0% | 0.04% | 0% | - | - | - |
| Non-Operating Income | -91.61K | 156.1K | -451.55K | 148.39K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 989.03K | -1000K | -484K | -1000K | -426K | 1000K | 107.77K | 1.96K | 0 | 0 | 206 |
| Pretax Income | -2.48M | -2.86M | -1.55M | -650.09K | -4.39M | -12.28M | 4.05M | -11.8M | -66.57M | 369.78K | 641.05K | 21.61M | 25.84M | 22.7M | 6.14M | 26.63M | 24.69M | 13.01M | 3.47M | 2.32M | -10.54M | 2.29M | 1.97M | 5 | 17 | -18.09K |
| Pretax Margin % | -709.08% | -1089.3% | - | - | - | - | - | -1360.11% | -811.87% | 5.7% | 14.3% | 88.74% | 131.42% | 35.92% | 493.18% | 85.11% | 32.66% | 29.41% | 18.04% | 24.9% | -364.87% | 11.23% | 8.01% | - | - | - |
| Income Tax | 79.53K | 40.54K | 14K | 96.7K | 69.65K | -53.14K | 0 | -3.02M | 2.63M | 8.04M | -839K | 3.25M | 6.11M | 6.89M | 2.92M | 4.23M | 6.87M | 2.95M | 1.63M | 466.65K | 36.63K | 481.74K | 369.97K | 0 | 0 | -76.74K |
| Effective Tax Rate % | -3.2% | -1.42% | -0.91% | -14.87% | -1.59% | 0.43% | 0% | 25.64% | -3.95% | 2174.01% | -130.88% | 15.01% | 23.65% | 30.34% | 47.55% | 15.9% | 27.81% | 22.65% | 47.11% | 20.15% | -0.35% | 21.01% | 18.83% | 0% | 0% | 424.21% |
| Net Income | -2.56M | -2.9M | -1.56M | -746.79K | -4.46M | -12.23M | 4.05M | -8.77M | -66M | -7.34M | -48.3M | 18.4M | 19.81M | 15.63M | 3.41M | 21.45M | 16.03M | 9.71M | -2.22M | 1.88M | -14.02M | 1.81M | 1.59M | 5 | 17 | 58.65K |
| Net Margin % | -731.79% | -1104.74% | - | - | - | - | - | -1011.38% | -804.84% | -113.14% | -1077.29% | 75.53% | 100.78% | 24.73% | 273.43% | 68.55% | 21.21% | 21.95% | -11.55% | 20.19% | -485.43% | 8.87% | 6.5% | - | - | - |
| Net Income Growth % | -18.46% | -86.02% | -108.76% | 83.25% | 63.55% | -401.91% | 146.17% | 86.71% | -798.77% | 84.8% | -362.52% | -7.14% | 26.76% | 358.76% | -84.12% | 33.79% | 65.14% | 537.34% | -218.21% | 113.39% | -874.38% | 13.54% | 31899900% | -70.59% | -99.97% | - |
| EPS (Diluted) | -1.05 | -1.18 | -1.82 | -0.96 | -6.10 | -21.80 | 15.80 | -56.10 | -762.20 | -88.40 | -581.20 | 221.00 | 280.00 | 290.00 | 71.00 | 340.00 | 380.00 | 210.00 | -70.00 | 100.00 | -820.00 | 110.00 | 100.00 | 0.00 | 0.00 | 8.00 |
| EPS Growth % | 62.56% | 35.16% | -89.58% | 84.26% | 72.02% | -237.97% | 128.16% | 92.64% | -762.22% | 84.79% | -362.99% | -21.07% | -3.45% | 308.45% | -79.12% | -10.53% | 80.95% | 400% | -170% | 112.2% | -845.45% | 10% | - | - | -99.98% | - |
| EPS (Basic) | - | -1.18 | -1.82 | -0.96 | -6.10 | -21.80 | 15.80 | -56.10 | -762.20 | -88.40 | -581.20 | 221.40 | 284.50 | 290.20 | 71.60 | 440.00 | 490.00 | 260.00 | -70.00 | 100.00 | -820.00 | 110.00 | 100.00 | 0.00 | 0.00 | 8.00 |
| Diluted Shares Outstanding | 2.45M | 2.45M | 856.19K | 778.49K | 733.5K | 560.86K | 256.44K | 156.49K | 86.58K | 83.1K | 83.1K | 83.08K | 69.63K | 54.38K | 51.04K | 56.05K | 49.8K | 46.26K | 36.71K | 18.86K | 17.15K | 17.05K | 15.46K | 13.78K | 7.35K | 7.35K |
Extreme liquidity risk and potential going concern uncertainty
As reported in recent financial filings, Smart Powerr Corp. generated a mere $108.4K in revenue for 2026Q1, confirming that the company has effectively ceased large-scale project execution and is currently operating with minimal residual inflows rather than a functional, growth-oriented utility business model.
The lack of consistent revenue growth suggests that the company's historical BOT model for industrial waste-to-energy recovery has stalled entirely. Investors should interpret these figures as evidence that the firm is no longer capturing new market share or benefiting from infrastructure-linked rate recovery mechanisms.
Based on the company's reported figures, the operating margin reached -5.0% in 2026Q1, highlighting a structural inability to cover corporate overhead with the current, severely diminished revenue base that has plagued the firm since its transition away from active project development.
The high fixed-cost structure relative to near-zero revenue indicates that the company is failing to achieve the necessary scale to amortize its administrative expenses. This suggests that the current operating model is not viable without a fundamental restructuring or a significant, unlikely infusion of new project capital.
According to the latest income statement data, the company reported a net loss of $547.4K in 2026Q1, which underscores the absence of sustainable regulated earnings power and suggests that the firm is currently functioning as a distressed entity rather than a viable renewable utility.
The persistent negative earnings appear to be driven by structural under-utilization of the corporate platform rather than temporary market volatility. Analysts should view these results as a clear indication that the core business lacks the operational leverage required to generate positive returns for shareholders.
With cash and equivalents reported at only $40,156, the company's financial statements suggest an imminent liquidity crisis that may necessitate highly dilutive financing or a total cessation of operations, as the current burn rate far exceeds the firm's ability to generate internal cash flow.
The income statement masks the extreme vulnerability of the company's balance sheet, which lacks the capital required to sustain its BOT business model. Investors should monitor the potential for a total pivot or liquidation, as the current financial trajectory appears unsustainable under existing market conditions.
Quick answers to the most common questions about buying CREG stock.
For fiscal year 2025, Smart Powerr Corp. (CREG) reported total revenue of $0.3M.
Smart Powerr Corp. (CREG) reported a net loss of $2.9M for the fiscal year ending 2025.
Smart Powerr Corp. (CREG) reported an operating income of $-3.0M, resulting in an operating profit margin of -1148.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Smart Powerr Corp. (CREG) generated $0.1M in gross profit for the year, representing a gross profit margin of 44.4%. This demonstrates the company's core pricing power and production efficiency.