The company has failed to generate any operating revenue, while administrative compliance costs have surged to $196.7K in 2026Q1, reflecting a lack of core business activity.
CO2 Energy Transition Corp. (NOEM) annual income statement — 5-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Net Interest Income | 2.7M | 2.88M | 309.81K | 0 | 0 | 0 |
| NII Growth % | 97.34% | 830.53% | - | - | - | - |
| Net Interest Margin % | 3.7% | 3.98% | 0.44% | 0% | 0% | 0% |
| Interest Income | 2.7M | 2.88M | 310.9K | 0 | 0 | 0 |
| Interest Expense | 669 | 0 | 1.09K | 0 | 0 | 0 |
| Loan Loss Provision | -669 | 0 | -1.09K | 0 | 0 | 0 |
| Non-Interest Income | -2.7M | -2.88M | -310.9K | 0 | 0 | 0 |
| Non-Interest Income % | 403103.74% | - | 28601.38% | - | - | - |
| Total Net Revenue | -669 | 0 | -1.09K | 0 | 0 | 0 |
| Revenue Growth % | 87.54% | 100% | - | - | - | - |
| Non-Interest Expense | 692.35K | 646.31K | 246.14K | 184.37K | 151.79K | 6.05K |
| Efficiency Ratio | -103490.28% | - | -22643.88% | - | - | - |
| Operating Income | -692.35K | -646.31K | -246.14K | -184.37K | -151.79K | -6.05K |
| Operating Margin % | 103490.28% | - | 22643.88% | - | - | - |
| Operating Income Growth % | - | -162.58% | -33.51% | -21.46% | -2410.14% | - |
| Pretax Income | 2M | 2.23M | 63.67K | -184.37K | -151.79K | -6.05K |
| Pretax Margin % | -299513.45% | - | -5857.5% | - | - | - |
| Income Tax | 539.94K | 579.27K | 61.04K | 0 | 0 | 0 |
| Effective Tax Rate % | 26.95% | 25.96% | 95.87% | 0% | 0% | 0% |
| Net Income | 1.46M | 1.65M | 2.63K | -184.37K | -151.79K | -6.05K |
| Net Margin % | -218804.33% | - | -242.13% | - | - | - |
| Net Income Growth % | 68.57% | 62679.64% | 101.43% | -21.46% | -2410.14% | - |
| Net Income (Continuing) | 1.46M | 1.65M | 2.63K | -184.37K | -151.79K | -6.05K |
| EPS (Diluted) | 0.21 | 0.17 | 0.00 | -0.09 | -0.08 | -0.00 |
| EPS Growth % | 77.35% | - | 100.98% | -21.48% | - | - |
| EPS (Basic) | - | 0.17 | 0.00 | -0.09 | -0.08 | -0.00 |
| Diluted Shares Outstanding | 6.9M | 6.9M | 2.81M | 2M | 2M | 8.37M |
Quick answers to the most common questions about buying NOEM stock.
For fiscal year 2025, CO2 Energy Transition Corp. (NOEM) reported total revenue of $0.0M.
CO2 Energy Transition Corp. (NOEM) is profitable, generating $1.7M in net income for the fiscal year ending 2025.
Key Metrics
Top Statement Risk
Imminent liquidation and delisting
Metrics are mathematically derived from official filings.
Absence of Operational Revenue Streams
As indicated by historical financial filings, NOEM has generated zero operating revenue since its inception, confirming its status as a dormant shell entity that remains entirely dependent on the successful identification and acquisition of a target company within the carbon capture and storage industry sector.
The lack of revenue generation suggests that the company has failed to execute its primary mandate of completing a business combination. Investors should monitor the absence of top-line growth as a signal that the entity remains in a state of permanent inactivity, offering no organic growth potential.
Escalating Administrative Compliance Expense Burden
According to quarterly income statements, SG&A expenses have surged from negligible levels in 2024 to $196.7K in 2026Q1, reflecting the mounting costs of maintaining a public listing without the offsetting benefit of an active business operation or any meaningful revenue-generating activities to support these expenditures.
This trend of rising administrative costs appears to be eroding the company's remaining capital base at an accelerating rate. The lack of expense discipline in the face of zero revenue suggests that management is struggling to contain the burn rate while searching for a viable acquisition target.
Non-Operating Income Distorts Earnings Profile
Based on reported figures, the company's net income of $309.2K in 2026Q1 is entirely disconnected from operational performance, as it likely stems from non-operating items or interest income rather than core business activities, which warrants significant caution regarding the sustainability of these reported positive earnings results.
The divergence between negative operating income and positive net income suggests that the company is relying on financial engineering or non-recurring items to mask its underlying operational losses. Analysts should interpret these earnings as low-quality and potentially misleading regarding the company's true financial health.
Structural Risks of Capital Depletion
As highlighted by the reported cash balance of approximately $287,000, the company faces a critical liquidity constraint that may prevent it from completing a transaction, suggesting that the entity is nearing a point of total capital exhaustion that could lead to an involuntary liquidation event.
The current cash position appears insufficient to cover the costs of a complex merger process, which may force the company to seek dilutive financing or face dissolution. This structural vulnerability implies that the risk of a total loss for shareholders remains high given the lack of operational progress.