CLIR · Clearsign Technologies Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | $3.81M | $2.48M | $1.59M | $1.06M | $1.06M | $279.0K |
| Gross Profit | $1.42M | $1.12M | $817.0K | $116.0K | ($452.0K) | ($279.0K) |
| R&D | $1.42M | $1.47M | $739.0K | $505.0K | $2.68M | $2.03M |
| SG&A | $6.67M | $6.13M | $6.06M | $5.73M | $5.01M | $4.62M |
| Total Operating Expenses | $8.10M | $7.61M | $6.80M | $6.23M | $7.69M | $6.65M |
| D&A | $25.0K | $21.0K | $152.0K | $161.0K | $260.0K | $210.0K |
| Operating Income | ($6.67M) | ($6.49M) | ($5.98M) | ($6.12M) | ($8.14M) | ($6.93M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | $0 | - | - |
| Net Income | ($5.50M) | ($5.30M) | ($5.19M) | ($5.76M) | ($7.89M) | ($6.88M) |
| EPS - Basic | ($0.99) | ($1.10) | ($1.30) | ($2.50) | - | - |
| EPS - Diluted | ($0.99) | ($1.10) | ($1.30) | ($2.50) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.18M | $14.04M | $5.68M | $6.45M | $7.61M | $8.82M |
| Accounts Receivable | $1.36M | $165.0K | $287.0K | $79.0K | $33.0K | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $1.64M | $1.22M | $366.0K | $296.0K | $224.0K | $435.0K |
| Current Assets | $11.23M | $14.85M | $6.51M | $9.73M | $8.02M | $9.38M |
| Total Assets | $12.18M | $15.92M | $7.62M | $10.93M | $9.36M | $11.12M |
| Current Liabilities | $2.58M | $2.04M | $2.26M | $1.15M | $731.0K | $1.08M |
| Long-term Debt | - | - | - | - | - | $251.0K |
| Total Liabilities | $2.65M | $2.15M | $2.43M | $1.37M | $1.08M | $1.58M |
| Stockholders' Equity | $9.53M | $13.76M | $5.19M | $9.55M | $8.28M | $9.54M |
| Retained Earnings | ($104.51M) | ($99.02M) | ($93.72M) | ($88.52M) | ($82.77M) | ($74.87M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.74M) | ($4.37M) | ($3.23M) | ($4.99M) | ($6.71M) | ($5.96M) |
| Investing Cash Flow | ($101.0K) | ($218.0K) | $2.49M | ($2.69M) | ($213.0K) | ($194.0K) |
| Financing Cash Flow | ($21.0K) | $12.95M | ($15.0K) | $6.54M | $5.69M | $6.43M |
| CapEx | $4.0K | $39.0K | - | $10.0K | $73.0K | $17.0K |
| Free Cash Flow | ($4.74M) | ($4.41M) | - | ($5.00M) | ($6.78M) | ($5.98M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.86 | 0.83 | - | 0.87 | 0.86 | 0.87 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -45.1% | -33.3% | -68.2% | -52.7% | -84.3% | -61.9% |
| Return on equity | -57.7% | -38.5% | -100.0% | -60.3% | -95.3% | -72.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.34 | 7.28 | 2.89 | 8.49 | 10.98 | 8.69 |
| Quick ratio | 4.34 | 7.28 | 2.89 | 8.49 | 10.98 | 8.69 |
| Cash ratio | 3.55 | 6.88 | 2.52 | 5.62 | 10.41 | 8.17 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | 0.03 |
| Debt / Assets | - | - | - | - | - | 0.02 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.28 | 1.16 | 1.47 | 1.14 | 1.13 | 1.17 |
| Liabilities / Assets | 0.22 | 0.14 | 0.32 | 0.13 | 0.12 | 0.14 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 157d | 180d | 84d | 102d | 77d | 569d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 3.3x | 51.2x | 82.3x | 17.7x | - | 8.5x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 27.4% | 36.8% | 604.3% | - | -62.0% | -27800.0% |
| Operating income growth (YoY) | -2.8% | -8.5% | 2.2% | 24.9% | -17.5% | 19.2% |
| Net income growth (YoY) | -3.7% | -2.0% | 9.8% | 27.0% | -14.6% | 18.8% |
| EPS growth (YoY) | 10.0% | 15.4% | 48.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -7.4% | - | - | 26.2% | -13.4% | 13.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -30.8% | 165.1% | -45.6% | 15.3% | -13.2% | 3.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Industrial Instruments For Measurement, Display, and Control
Comparing ClearSign Technologies Corp against the 5 most active filers in the same SIC group.