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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $584.0K | - | $661.0K | $78.0K | $205.0K | - | $1.31M | $3.0K | $665.0K | - |
| Gross Profit | ($393.0K) | - | $368.0K | $55.0K | $196.0K | - | $551.0K | $42.0K | $437.0K | - |
| R&D | $249.0K | - | $310.0K | $247.0K | $447.0K | - | $329.0K | $402.0K | $281.0K | - |
| SG&A | $1.64M | - | $1.81M | $1.65M | $2.01M | - | $1.66M | $1.78M | $1.41M | - |
| Total Operating Expenses | $1.89M | - | $2.12M | $1.89M | $2.45M | - | $1.98M | $2.18M | $1.69M | - |
| D&A | $6.0K | - | $7.0K | $7.0K | $5.0K | - | $4.0K | $41.0K | $7.0K | - |
| Operating Income | ($2.28M) | - | ($1.75M) | ($1.84M) | ($2.26M) | - | ($1.43M) | ($2.14M) | ($1.25M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($2.19M) | - | ($1.43M) | ($1.68M) | ($2.08M) | - | ($1.16M) | ($1.87M) | ($1.11M) | - |
| EPS - Basic | ($0.39) | - | ($0.30) | ($0.30) | ($0.40) | - | ($0.20) | ($0.40) | ($0.30) | - |
| EPS - Diluted | ($0.39) | - | - | ($0.30) | ($0.40) | - | - | ($0.40) | ($0.30) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.74M | $9.18M | $10.49M | $12.34M | $12.87M | $14.04M | $14.49M | $15.97M | $4.62M | $5.68M |
| Accounts Receivable | $171.0K | $1.36M | $324.0K | $25.0K | $135.0K | $165.0K | $749.0K | $135.0K | $569.0K | $287.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.75M | $1.64M | $1.98M | $1.56M | $1.17M | $1.22M | $1.49M | $453.0K | $617.0K | $366.0K |
| Current Assets | $8.78M | $11.23M | $11.75M | $13.18M | $13.49M | $14.85M | $15.99M | $16.70M | $5.54M | $6.51M |
| Total Assets | $9.84M | $12.18M | $12.75M | $14.23M | $14.53M | $15.92M | $17.09M | $17.83M | $6.62M | $7.62M |
| Current Liabilities | $2.17M | $2.58M | $3.58M | $3.70M | $2.40M | $2.04M | $2.14M | $1.80M | $2.00M | $2.26M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.21M | $2.65M | $3.67M | $3.82M | $2.49M | $2.15M | $2.27M | $1.94M | $2.16M | $2.43M |
| Stockholders' Equity | $7.62M | $9.53M | $9.08M | $10.41M | $12.04M | $13.76M | $14.82M | $15.89M | $4.46M | $5.19M |
| Retained Earnings | ($106.70M) | ($104.51M) | ($104.20M) | ($102.77M) | ($101.09M) | ($99.02M) | ($97.85M) | ($96.70M) | ($94.83M) | ($93.72M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.35M) | - | - | - | ($1.11M) | - | - | - | ($1.00M) | - |
| Investing Cash Flow | ($64.0K) | - | - | - | ($41.0K) | - | - | - | ($34.0K) | - |
| Financing Cash Flow | ($32.0K) | - | - | - | ($17.0K) | - | - | - | ($22.0K) | - |
| CapEx | - | - | - | - | $4.0K | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | ($1.11M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | 0.54 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -22.3% | - | -11.2% | -11.8% | -14.3% | - | -6.8% | -10.5% | -16.7% | - |
| Return on equity | -28.7% | - | -15.7% | -16.1% | -17.2% | - | -7.8% | -11.8% | -24.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.05 | 4.34 | 3.28 | 3.56 | 5.63 | 7.28 | 7.46 | 9.30 | 2.77 | 2.89 |
| Quick ratio | 4.05 | 4.34 | 3.28 | 3.56 | 5.63 | 7.28 | 7.46 | 9.30 | 2.77 | 2.89 |
| Cash ratio | 3.56 | 3.55 | 2.93 | 3.33 | 5.37 | 6.88 | 6.76 | 8.89 | 2.31 | 2.52 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.29 | 1.28 | 1.40 | 1.37 | 1.21 | 1.16 | 1.15 | 1.12 | 1.48 | 1.47 |
| Liabilities / Assets | 0.22 | 0.22 | 0.29 | 0.27 | 0.17 | 0.14 | 0.13 | 0.11 | 0.33 | 0.32 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 1095d | - | 1095d | 7281d | 2078d | - | 415d | 55115d | 339d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 3.2x | - | - | 29.7x | 34.3x | - | - | 24.7x | 84.5x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -33.2% | 31.0% | -55.1% | - | 2195.8% | -67.4% | 312.3% | - |
| Operating income growth (YoY) | -1.0% | - | -22.1% | 14.0% | -80.3% | - | 4.3% | -31.2% | 26.5% | - |
| Net income growth (YoY) | -5.5% | - | -23.7% | 10.3% | -87.4% | - | 13.3% | -26.7% | 22.5% | - |
| EPS growth (YoY) | 2.5% | - | - | 25.0% | -33.3% | - | - | -900.0% | -650.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -36.7% | -30.8% | -38.8% | -34.5% | 169.9% | 165.1% | 149.3% | 122.0% | -48.0% | -45.6% |
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.