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ClearSign Technologies (CLIR) Financials

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$3.40 +0.03 (+0.74%)
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Annual Income Statements for ClearSign Technologies

Annual Income Statements for ClearSign Technologies

This table shows ClearSign Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -7.90 -11 -9.68 -9.50 -8.48 -6.88 -7.89 -5.76 -5.19 -5.30 -5.50
Consolidated Net Income / (Loss)		 -7.90 -11 -9.68 -9.50 -8.48 -6.89 -7.89 -5.76 -5.19 -5.30 -5.50
Net Income / (Loss) Continuing Operations		 -7.90 -11 -9.68 -9.50 -8.48 -6.89 -7.89 -5.99 -5.45 -5.96 -6.23
Total Pre-Tax Income 		-7.90 -11 -9.68 -9.50 -8.48 -6.89 -7.89 -5.99 -5.45 -5.96 -6.23
Total Operating Income		 -7.94 -11 -9.71 -9.57 -8.58 -6.93 -8.15 -6.12 -5.98 -6.49 -6.67
Total Gross Profit		 0.01 0.14 0.16 0.10 -0.00 -0.28 -0.45 0.12 0.82 1.12 1.42
Total Revenue		 0.06 0.62 0.54 0.53 0.00 0.00 0.61 0.37 2.40 3.60 5.23
Operating Revenue		 0.06 0.62 0.54 0.53 0.00 0.00 0.61 0.37 2.40 3.60 5.23
Total Cost of Revenue		 0.05 0.49 0.38 0.43 0.00 0.28 1.06 0.26 1.59 2.48 3.81
Operating Cost of Revenue		 0.05 0.49 0.38 0.43 0.00 0.28 1.06 0.26 1.59 2.48 3.81
Total Operating Expenses		 7.95 11 9.87 9.67 8.58 6.65 7.69 6.23 6.80 7.61 8.10
Selling, General & Admin Expense		 5.02 6.51 5.16 5.62 5.53 4.62 5.01 5.73 6.06 6.14 6.67
Research & Development Expense		 2.93 4.83 4.71 4.05 3.06 2.03 2.68 0.51 0.74 1.47 1.42
Total Other Income / (Expense), net		 0.04 0.03 0.03 0.07 0.10 0.05 0.25 0.13 0.79 0.53 0.44
Interest & Investment Income		 0.04 0.03 0.03 0.07 0.10 0.00 - - 0.32 0.52 0.44
Other Income / (Expense), net		 - - - - 0.00 0.04 0.25 0.04 0.21 0.01 0.00
Basic Earnings per Share		 ($0.63) ($0.86) $0.63 $0.42 $0.32 ($0.25) ($0.25) ($0.16) ($0.13) ($1.08) ($0.99)
Weighted Average Basic Shares Outstanding		 12.46M 12.93M 15.42M 22.86M 26.70M 27.84M 31.23M 35.34M 38.50M 4.89M 5.55M
Diluted Earnings per Share		 ($0.63) ($0.86) $0.63 $0.42 $0.32 ($0.25) ($0.25) ($0.16) ($0.13) ($1.08) ($0.99)
Weighted Average Diluted Shares Outstanding		 12.46M 12.93M 15.42M 22.86M 26.70M 27.84M 31.23M 35.34M 38.50M 4.89M 5.55M
Weighted Average Basic & Diluted Shares Outstanding		 12.46M 12.93M 15.42M 22.86M 26.70M 27.84M 31.23M 38.54M - - 5.41M

Quarterly Income Statements for ClearSign Technologies

This table shows ClearSign Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.33 -0.96 -1.11 -1.87 -1.16 -1.16 -2.08 -1.68 -1.43 -0.31 -2.19
Consolidated Net Income / (Loss)		 -1.33 -0.96 -1.11 -1.87 -1.16 -1.16 -2.08 -1.68 -1.43 -0.31 -2.19
Net Income / (Loss) Continuing Operations		 -1.37 -1.07 -1.19 -2.06 -1.29 -1.43 -2.12 -1.72 -1.65 -0.74 -2.22
Total Pre-Tax Income 		-1.37 -1.07 -1.19 -2.06 -1.29 -1.43 -2.12 -1.72 -1.65 -0.74 -2.22
Total Operating Income		 -1.50 -1.15 -1.25 -2.14 -1.43 -1.67 -2.26 -1.84 -1.75 -0.83 -2.28
Total Gross Profit		 0.02 0.56 0.44 0.04 0.55 0.09 0.20 0.06 0.37 0.81 -0.39
Total Revenue		 0.09 1.27 1.10 0.05 1.86 0.59 0.40 0.13 1.03 3.67 0.19
Operating Revenue		 0.09 1.27 1.10 0.05 1.86 0.59 0.40 0.13 1.03 3.67 0.19
Total Cost of Revenue		 0.06 0.72 0.67 0.00 1.31 0.50 0.21 0.08 0.66 2.87 0.58
Operating Cost of Revenue		 0.06 0.72 0.67 0.00 1.31 0.50 0.21 0.08 0.66 2.87 0.58
Total Operating Expenses		 1.52 1.71 1.69 2.18 1.98 1.75 2.45 1.89 2.12 1.63 1.89
Selling, General & Admin Expense		 1.43 1.41 1.41 1.78 1.66 1.30 2.01 1.65 1.81 1.21 1.64
Research & Development Expense		 0.09 0.30 0.28 0.40 0.33 0.46 0.45 0.25 0.31 0.42 0.25
Total Other Income / (Expense), net		 0.17 0.30 0.14 0.27 0.28 -0.16 0.13 0.16 0.32 -0.22 0.06
Interest & Investment Income		 0.09 - 0.06 0.08 0.15 0.23 0.13 0.12 0.11 0.09 0.06
Other Income / (Expense), net		 0.04 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.00
Basic Earnings per Share		 ($0.03) ($0.02) ($0.03) ($0.04) ($0.02) ($0.24) ($0.38) ($0.03) ($0.03) ($0.06) ($0.39)
Weighted Average Basic Shares Outstanding		 38.56M 38.50M 38.85M 47.31M 54.71M 4.89M 5.50M 55.22M 55.74M 5.55M 5.63M
Diluted Earnings per Share		 - - ($0.03) ($0.04) - ($0.24) ($0.38) ($0.03) - ($0.06) ($0.39)
Weighted Average Diluted Shares Outstanding		 38.57M 38.50M 38.85M 47.31M 50.23M 4.89M 5.50M 55.22M 53.27M 5.55M 5.63M
Weighted Average Basic & Diluted Shares Outstanding		 38.57M 0.00 45.91M 50.21M 50.23M 0.00 52.42M 52.43M 53.27M 5.41M 5.41M

Annual Cash Flow Statements for ClearSign Technologies

This table details how cash moves in and out of ClearSign Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 9.14 -9.73 -0.01 7.70 -0.40 0.27 -1.22 -1.16 -0.77 8.35 -4.86
Net Cash From Operating Activities		 -6.26 -8.67 -8.26 -8.38 -6.90 -5.96 -6.71 -4.99 -3.23 -4.37 -4.74
Net Cash From Continuing Operating Activities		 -6.26 -8.67 -8.26 -8.38 -6.90 -5.96 -6.71 -4.99 -3.23 -4.37 -4.74
Net Income / (Loss) Continuing Operations		 -7.90 -11 -9.68 -9.50 -8.48 -6.89 -7.89 -5.76 -5.19 -5.30 -5.50
Consolidated Net Income / (Loss)		 -7.90 -11 -9.68 -9.50 -8.48 -6.89 -7.89 -5.76 -5.19 -5.30 -5.50
Depreciation Expense		 0.20 0.21 0.30 0.27 0.24 0.21 0.26 0.16 0.30 0.19 0.19
Amortization Expense		 - - - - - - 0.19 0.13 0.13 0.09 0.09
Non-Cash Adjustments To Reconcile Net Income		 1.53 2.79 0.41 0.64 1.43 0.76 1.00 0.52 1.32 -0.83 0.85
Changes in Operating Assets and Liabilities, net		 -0.10 -0.50 0.71 0.18 -0.09 -0.05 -0.26 -0.04 0.22 1.49 -0.37
Net Cash From Investing Activities		 -1.16 -1.05 -0.42 -7.43 6.51 -0.19 -0.21 -2.69 2.49 -0.22 -0.10
Net Cash From Continuing Investing Activities		 -1.16 -1.05 -0.42 -7.43 6.51 -0.19 -0.21 -2.69 2.49 -0.22 -0.10
Purchase of Property, Plant & Equipment		 -0.05 -0.14 -0.09 -0.09 -0.02 -0.02 -0.07 -0.01 0.00 -0.04 -0.00
Acquisitions		 -1.11 -0.92 -0.33 -0.41 -0.40 -0.18 -0.14 -0.15 -0.20 -0.18 -0.10
Net Cash From Financing Activities		 17 0.00 8.67 24 0.00 6.43 5.69 6.54 -0.02 13 -0.02
Net Cash From Continuing Financing Activities		 17 0.00 8.67 24 0.00 6.43 5.69 6.54 -0.02 13 -0.02
Issuance of Common Equity		 16 0.00 8.67 24 0.00 6.05 5.31 6.54 0.00 13 0.00
Other Financing Activities, net		 0.28 - - - 0.00 0.13 0.39 0.00 -0.02 -0.02 -0.02
Other Net Changes in Cash		 - - - - - - - - - - 0.00

Quarterly Cash Flow Statements for ClearSign Technologies

This table details how cash moves in and out of ClearSign Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.37 -1.55 -1.06 11 -1.49 -0.45 -1.17 -0.53 -1.85 -1.31 -1.44
Net Cash From Operating Activities		 -1.28 -1.45 -1.00 -1.52 -1.43 -0.42 -1.11 -0.51 -1.83 -1.28 -1.35
Net Cash From Continuing Operating Activities		 -1.28 -1.45 -1.00 -1.52 -1.43 -0.42 -1.11 -0.51 -1.83 -1.28 -1.35
Net Income / (Loss) Continuing Operations		 -1.33 -0.96 -1.11 -1.87 -1.16 -1.16 -2.08 -1.68 -1.43 -0.31 -2.19
Consolidated Net Income / (Loss)		 -1.33 -0.96 -1.11 -1.87 -1.16 -1.16 -2.08 -1.68 -1.43 -0.31 -2.19
Depreciation Expense		 0.07 0.07 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04
Amortization Expense		 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income		 -0.21 -0.59 0.16 0.11 0.25 -1.36 1.16 -0.07 1.65 -0.83 -0.07
Changes in Operating Assets and Liabilities, net		 0.16 0.00 -0.12 0.17 -0.59 2.04 -0.26 1.16 -2.12 -0.21 0.85
Net Cash From Investing Activities		 0.91 -0.11 -0.03 -0.08 -0.06 -0.04 -0.04 -0.02 -0.02 -0.02 -0.06
Net Cash From Continuing Investing Activities		 0.91 -0.11 -0.03 -0.08 -0.06 -0.04 -0.04 -0.02 -0.02 -0.02 -0.06
Purchase of Property, Plant & Equipment		 - - 0.00 -0.02 - -0.02 -0.00 - - - 0.00
Acquisitions		 -0.04 -0.11 -0.03 -0.07 -0.06 -0.02 -0.04 -0.02 -0.02 -0.02 -0.06
Net Cash From Financing Activities		 - - -0.02 13 - 0.01 -0.02 - - -0.00 -0.03
Net Cash From Continuing Financing Activities		 - - -0.02 13 - 0.01 -0.02 - - -0.00 -0.03
Other Financing Activities, net		 - - -0.02 -0.01 - 0.01 -0.02 - - -0.00 -0.03
Effect of Exchange Rate Changes		 -0.00 0.00 -0.00 - - -0.01 0.00 - 0.00 - 0.00

Annual Balance Sheets for ClearSign Technologies

This table presents ClearSign Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 14 4.29 4.16 19 11 11 9.36 11 7.62 16 12
Total Current Assets		 11 1.90 1.80 16 8.98 9.38 8.02 9.73 6.51 15 11
Cash & Equivalents		 11 1.26 1.25 8.95 8.55 8.82 7.61 6.45 5.68 14 9.18
Accounts Receivable		 0.00 0.10 - - - 0.00 0.03 0.08 0.29 0.17 1.36
Prepaid Expenses		 0.20 0.54 0.37 0.50 0.39 0.47 0.35 0.58 0.35 0.45 0.36
Other Current Assets		 - - 0.18 0.04 0.04 0.09 0.04 0.02 0.19 0.56 0.33
Plant, Property, & Equipment, net		 0.12 0.64 0.50 0.46 0.00 0.43 0.53 0.38 0.28 0.24 0.20
Total Noncurrent Assets		 2.89 1.75 1.87 1.77 1.96 1.31 0.81 0.81 0.84 0.83 0.76
Intangible Assets		 2.88 1.74 1.86 1.76 1.29 1.30 0.80 0.80 0.84 0.83 0.76
Other Noncurrent Operating Assets		 0.01 0.01 0.01 0.01 0.68 0.01 0.01 0.01 - - 0.00
Total Liabilities & Shareholders' Equity		 14 4.29 4.16 19 11 11 9.36 11 7.62 16 12
Total Liabilities		 1.62 2.04 1.73 1.73 1.72 1.58 1.08 1.37 2.43 2.52 2.65
Total Current Liabilities		 1.62 1.69 1.53 1.64 1.30 1.08 0.73 1.15 2.26 2.41 2.58
Accounts Payable		 0.50 0.76 0.77 1.08 0.85 0.44 0.22 0.30 0.37 1.22 1.64
Accrued Expenses		 1.11 0.67 0.61 0.34 0.23 0.38 0.22 0.47 0.70 0.67 0.56
Current Deferred Revenue		 0.02 0.12 - 0.00 - 0.09 0.08 0.25 1.12 0.44 0.10
Other Current Liabilities		 - 0.15 0.16 0.22 0.23 0.17 0.21 0.13 0.07 0.08 0.28
Total Noncurrent Liabilities		 0.00 0.35 0.20 0.09 0.42 0.50 0.35 0.23 0.17 0.11 0.07
Other Noncurrent Operating Liabilities		 - - - 0.09 0.42 0.25 0.35 0.23 0.17 0.11 0.07
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Equity & Noncontrolling Interests		 13 2.24 2.43 17 9.23 9.54 8.28 9.55 5.19 14 9.53
Total Preferred & Common Equity		 13 2.24 2.43 17 9.22 9.54 0.00 9.55 5.19 14 9.53
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 13 2.24 2.43 17 9.22 9.54 8.28 9.55 5.19 14 9.53
Common Stock		 42 43 52 76 77 84 91 98 99 113 114
Retained Earnings		 -29 -40 -50 -60 -68 -75 -83 -89 -94 -99 -105
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - 0.01 -0.01 -0.02 -0.02 -0.02

Quarterly Balance Sheets for ClearSign Technologies

This table presents ClearSign Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 9.00 6.62 18 17 15 14 13 9.84
Total Current Assets		 7.81 5.54 17 16 13 13 12 8.78
Cash & Equivalents		 7.24 4.62 16 14 13 12 10 7.74
Accounts Receivable		 0.09 0.57 0.14 0.75 0.14 0.03 0.32 0.17
Prepaid Expenses		 0.48 0.35 0.59 0.61 0.34 0.55 0.42 0.43
Other Current Assets		 0.01 0.00 0.01 0.15 0.15 0.27 0.51 0.44
Plant, Property, & Equipment, net		 0.41 0.25 0.27 0.25 0.22 0.25 0.22 0.17
Total Noncurrent Assets		 0.78 0.83 0.86 0.86 0.82 0.80 0.78 0.89
Intangible Assets		 0.77 0.83 0.86 0.86 0.82 0.80 0.78 0.76
Other Noncurrent Operating Assets		 0.01 - - - - - - 0.13
Total Liabilities & Shareholders' Equity		 9.00 6.62 18 17 15 14 13 9.84
Total Liabilities		 3.05 2.16 1.94 2.27 2.49 3.82 3.67 2.21
Total Current Liabilities		 2.87 2.00 1.80 2.14 2.40 3.70 3.58 2.17
Accounts Payable		 0.41 0.62 0.45 1.49 1.17 1.56 1.98 1.75
Accrued Expenses		 0.58 0.28 0.43 0.40 0.27 0.38 0.35 0.26
Current Deferred Revenue		 1.80 1.04 0.83 0.17 0.89 1.68 1.15 0.06
Other Current Liabilities		 0.08 0.07 0.09 0.08 0.07 0.09 0.09 0.10
Total Noncurrent Liabilities		 0.19 0.16 0.14 0.13 0.10 0.12 0.09 0.04
Other Noncurrent Operating Liabilities		 0.19 0.16 0.14 0.13 0.10 0.12 0.09 0.04
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5.95 4.46 16 15 12 10 9.08 7.62
Total Preferred & Common Equity		 5.95 4.46 16 15 12 10 9.08 7.62
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 5.95 4.46 16 15 12 10 9.08 7.62
Common Stock		 99 99 113 113 113 113 113 114
Retained Earnings		 -93 -95 -97 -98 -101 -103 -104 -107
Accumulated Other Comprehensive Income / (Loss)		 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02

Annual Metrics And Ratios for ClearSign Technologies

This table displays calculated financial ratios and metrics derived from ClearSign Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 12,860,161.00 12,970,410.00 15,606,353.00 26,660,980.00 26,704,761.00 30,043,186.00 31,574,704.00 38,019,951.00 38,565,836.00 50,234,407.00 53,273,405.00
DEI Adjusted Shares Outstanding		 12,860,161.00 12,970,410.00 15,606,353.00 26,660,980.00 26,704,761.00 30,043,186.00 31,574,704.00 38,019,951.00 38,565,836.00 5,023,441.00 5,327,340.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.61 -0.86 -0.62 -0.36 -0.32 -0.23 -0.25 -0.15 -0.13 -1.05 -1.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 918.03% -13.04% -1.85% -100.00% 0.00% 0.00% -38.39% 542.51% 49.65% 45.55%
EBITDA Growth		 -9.69% -42.04% 14.39% 1.22% 10.29% 19.96% -11.49% 22.35% 7.47% -16.04% -3.01%
EBIT Growth		 -8.78% -41.09% 13.32% 1.45% 10.32% 19.75% -14.59% 23.06% 4.94% -12.23% -2.96%
NOPAT Growth		 -8.78% -41.09% 13.32% 1.45% 10.32% 19.24% -17.50% 24.90% 2.22% -8.48% -2.82%
Net Income Growth		 -8.25% -41.47% 13.36% 1.86% 10.72% 18.82% -14.61% 27.04% 9.80% -2.02% -3.72%
EPS Growth		 18.18% -36.51% 173.26% -33.33% -23.81% -178.13% 0.00% 36.00% 18.75% -2.02% -3.72%
Operating Cash Flow Growth		 -14.48% -38.51% 4.77% -1.53% 17.68% 13.59% -12.46% 25.57% 35.24% -35.26% -8.30%
Free Cash Flow Firm Growth		 -17.83% -25.67% 9.86% 7.07% 11.19% 8.83% -5.09% 24.16% 21.99% -48.85% -11.13%
Invested Capital Growth		 43.00% -16.01% 3.14% -24.86% -35.00% 43.62% -30.27% -26.67% -199.39% 44.92% 229.89%
Revenue Q/Q Growth		 0.00% 0.00% -25.10% -25.35% 0.00% 0.00% 9.76% -1.06% 103.82% -15.98% 143.10%
EBITDA Q/Q Growth		 0.00% 0.00% -2.90% -0.86% 10.87% -47.71% 28.91% -1.80% 6.62% -9.36% 11.55%
EBIT Q/Q Growth		 0.00% 0.00% -3.01% 0.05% 10.13% -45.50% 26.50% -4.04% 5.78% -8.60% 11.17%
NOPAT Q/Q Growth		 0.00% 0.00% -3.01% 0.05% 10.13% -46.43% 24.15% -4.80% 5.59% -8.62% 11.18%
Net Income Q/Q Growth		 0.00% 0.00% -3.04% 0.54% 9.80% 20.05% -20.38% -1.59% 6.53% -4.11% 13.44%
EPS Q/Q Growth		 0.00% 0.00% 200.00% -70.42% -8.57% -308.33% 51.92% 5.88% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -4.77% -10.08% 0.88% 1.42% 8.19% -6.73% 8.91% 8.05% -28.75% 19.14% -22.44%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 1.42% 12.72% -85.07% 28.09% 9.31% -50.26% 17.99% -50.76%
Invested Capital Q/Q Growth		 0.00% 0.00% -12.66% -21.74% -39.17% 68.35% 16.58% -51.28% 61.83% -180.42% 124.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.03% 21.90% 29.63% 19.43% 0.00% 0.00% -74.46% 31.02% 34.00% 31.09% 27.21%
EBITDA Margin		 -12,691.80% -1,770.85% -1,743.52% -1,754.72% 0.00% 0.00% -1,226.52% -1,545.72% -222.60% -172.61% -122.16%
Operating Margin		 -13,019.67% -1,804.35% -1,798.52% -1,805.85% 0.00% 0.00% -1,341.85% -1,635.56% -248.90% -180.42% -127.46%
EBIT Margin		 -13,019.67% -1,804.35% -1,798.52% -1,805.85% 0.00% 0.00% -1,300.33% -1,623.80% -240.24% -180.17% -127.46%
Profit (Net Income) Margin		 -12,947.54% -1,799.19% -1,792.59% -1,792.45% 0.00% 0.00% -1,300.16% -1,539.57% -216.15% -147.36% -105.01%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 96.13% 95.32% 88.86% 88.19%
Interest Burden Percent		 99.45% 99.71% 99.67% 99.26% 98.82% 99.97% 99.99% 98.63% 94.39% 92.04% 93.42%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -410.74% -535.21% -500.25% -554.38% 0.00% 0.00% -694.04% -731.95% -279,113.33% 0.00% -11,530.12%
ROIC Less NNEP Spread (ROIC-NNEP)		 -374.29% -479.21% -205.91% -521.29% 0.00% 0.00% -666.96% -714.23% -279,099.67% 0.00% -11,523.00%
Return on Net Nonoperating Assets (RNNOA)		 309.08% 384.45% 86.22% 456.14% 0.00% 0.00% 605.48% 667.38% 279,042.88% 0.00% 11,482.94%
Return on Equity (ROE)		 -101.67% -150.76% -414.03% -98.24% -64.91% -73.38% -88.56% -64.57% -70.46% -55.91% -47.19%
Cash Return on Invested Capital (CROIC)		 -446.13% -517.81% -503.34% -526.00% -659.86% -626.85% -658.37% -701.18% 0.00% 0.00% -1,503.61%
Operating Return on Assets (OROA)		 -84.48% -121.21% -229.95% -83.96% 0.00% 0.00% -77.07% -59.87% -62.26% -54.21% -46.87%
Return on Assets (ROA)		 -84.02% -120.87% -229.19% -83.34% 0.00% 0.00% -77.06% -56.76% -56.02% -44.34% -38.62%
Return on Common Equity (ROCE)		 -101.67% -150.76% -414.03% -98.24% -64.90% -73.37% -88.55% -64.57% -70.46% -55.91% -47.19%
Return on Equity Simple (ROE_SIMPLE)		 -62.79% -497.91% -398.03% -56.18% -91.97% -72.18% 0.00% -60.28% -100.04% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.56 -7.84 -6.80 -6.70 -6.01 -4.85 -5.70 -4.28 -4.19 -4.54 -4.67
NOPAT Margin		 -9,113.77% -1,263.04% -1,258.96% -1,264.09% 0.00% 0.00% -939.29% -1,144.89% -174.23% -126.30% -89.22%
Net Nonoperating Expense Percent (NNEP)		 -36.46% -56.00% -294.34% -33.09% -20.26% -23.75% -27.08% -17.72% -13.67% -7.68% -7.12%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -80.64% -33.00% -49.00%
Cost of Revenue to Revenue		 81.97% 78.10% 70.37% 80.57% 0.00% 0.00% 174.46% 68.98% 66.00% 68.91% 72.79%
SG&A Expenses to Revenue		 8,231.15% 1,048.31% 955.56% 1,060.75% 0.00% 0.00% 825.86% 1,531.55% 252.14% 170.61% 127.49%
R&D to Revenue		 4,806.56% 777.94% 872.59% 764.53% 0.00% 0.00% 441.52% 135.03% 30.75% 40.91% 27.17%
Operating Expenses to Revenue		 13,037.70% 1,826.25% 1,828.15% 1,825.28% 0.00% 0.00% 1,267.38% 1,666.58% 282.90% 211.51% 154.66%
Earnings before Interest and Taxes (EBIT)		 -7.94 -11 -9.71 -9.57 -8.58 -6.89 -7.89 -6.07 -5.77 -6.48 -6.67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.74 -11 -9.42 -9.30 -8.34 -6.68 -7.45 -5.78 -5.35 -6.21 -6.39
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.96 19.65 23.10 1.61 2.21 9.23 0.00 2.13 8.25 5.26 3.11
Price to Tangible Book Value (P/TBV)		 6.43 86.64 97.54 1.80 2.57 10.69 0.00 2.33 9.83 5.59 3.38
Price to Revenue (P/Rev)		 1,022.49 71.01 104.04 51.31 0.00 0.00 0.00 54.49 17.81 20.12 5.66
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 32.26 32.28 39.95 10.92 17.53 82.08 0.00 22.87 0.00 0.00 58.09
Enterprise Value to Revenue (EV/Rev)		 842.41 69.55 102.09 21.36 0.00 0.00 0.00 30.27 15.45 16.21 3.91
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.16 0.08 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.16 0.08 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.83 -0.80 -0.42 -0.88 -0.93 -0.91 -0.91 -0.93 -1.00 -1.04 -1.00
Leverage Ratio		 1.21 1.25 1.81 1.18 1.13 1.18 1.15 1.14 1.26 1.26 1.22
Compound Leverage Factor		 1.20 1.24 1.80 1.17 1.12 1.18 1.15 1.12 1.19 1.16 1.14
Debt to Total Capital		 0.00% 13.59% 7.42% 0.00% 0.00% 2.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 13.59% 7.42% 0.00% 0.00% 2.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 86.41% 92.58% 100.00% 99.97% 97.43% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 -0.03 -0.02 0.00 0.00 -0.04 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.08 0.11 0.00 0.00 1.28 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 -0.03 -0.02 0.00 0.00 -0.04 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -0.05 -0.03 0.00 0.00 -0.05 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.12 0.15 0.00 0.00 1.77 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 -0.05 -0.03 0.00 0.00 -0.05 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 19.14 -8.64 -4.83 4.26 -3.33 22.85 0.00 -3.30 -8.15 8.56 -5.83
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 6.89 1.12 1.17 10.03 6.92 8.69 10.98 8.49 2.89 6.32 4.34
Quick Ratio		 6.76 0.81 0.81 9.70 6.59 8.17 10.45 7.97 2.65 5.90 4.08
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -6.04 -7.59 -6.84 -6.36 -5.65 -5.15 -5.41 -4.10 -3.20 -4.76 -5.29
Operating Cash Flow to CapEx		 -12,777.55% -6,329.93% -8,785.11% -8,919.15% -34,510.00% -35,082.35% -9,187.67% 0.00% 0.00% -11,212.82% -118,400.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.07 0.13 0.05 0.00 0.00 0.06 0.04 0.26 0.30 0.37
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.68 13.13 15.91 6.86
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.32 1.62 0.95 1.11 0.00 0.00 1.27 0.82 7.29 14.02 24.18
Accounts Payable Turnover		 0.13 0.78 0.50 0.46 0.00 0.44 3.21 0.99 4.79 3.12 2.66
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 54.65 27.80 22.94 53.17
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 2,730.20 470.36 731.44 789.84 351,312.50 837.28 113.57 367.83 76.18 116.81 137.19
Cash Conversion Cycle (CCC)		 -2,730.20 -470.36 -731.44 -789.84 0.00 0.00 -113.57 -313.18 -48.38 -93.87 -84.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1.59 1.34 1.38 1.04 0.67 0.97 0.68 0.50 -0.49 -0.27 0.35
Invested Capital Turnover		 0.05 0.42 0.40 0.44 0.00 0.00 0.74 0.64 1,602.00 -9.43 129.23
Increase / (Decrease) in Invested Capital		 0.48 -0.26 0.04 -0.34 -0.36 0.29 -0.29 -0.18 -0.99 0.22 0.62
Enterprise Value (EV)		 51 43 55 11 12 79 0.00 11 37 58 20
Market Capitalization		 62 44 56 27 20 88 0.00 20 43 72 30
Book Value per Share		 $0.98 $0.17 $0.16 $0.63 $0.35 $0.32 $0.27 $0.25 $0.13 $0.27 $0.18
Tangible Book Value per Share		 $0.75 $0.04 $0.04 $0.57 $0.30 $0.27 $0.24 $0.23 $0.11 $0.26 $0.16
Total Capital		 13 2.60 2.63 17 9.23 9.79 8.28 9.55 5.19 14 9.53
Total Debt		 0.00 0.35 0.20 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.35 0.20 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.00
Net Debt		 -11 -0.91 -1.05 -16 -8.55 -8.57 -7.61 -9.06 -5.68 -14 -9.18
Capital Expenditures (CapEx)		 0.05 0.14 0.09 0.09 0.02 0.02 0.07 -0.03 -0.01 0.04 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.42 -1.05 -0.98 -1.10 -0.87 -0.52 -0.31 -0.47 -1.43 -1.23 -0.54
Debt-free Net Working Capital (DFNWC)		 9.56 0.21 0.26 15 7.68 8.30 7.29 8.59 4.25 13 8.64
Net Working Capital (NWC)		 9.56 0.21 0.26 15 7.68 8.30 7.29 8.59 4.25 13 8.64
Net Nonoperating Expense (NNE)		 2.34 3.33 2.88 2.80 2.47 2.03 2.19 1.48 1.01 0.76 0.83
Net Nonoperating Obligations (NNO)		 -11 -0.91 -1.05 -16 -8.55 -8.57 -7.61 -9.06 -5.68 -14 -9.18
Total Depreciation and Amortization (D&A)		 0.20 0.21 0.30 0.27 0.24 0.21 0.45 0.29 0.42 0.27 0.28
Debt-free, Cash-free Net Working Capital to Revenue		 -2,329.51% -169.24% -182.22% -207.17% 0.00% 0.00% -51.73% -125.94% -59.55% -34.09% -10.24%
Debt-free Net Working Capital to Revenue		 15,678.69% 33.49% 48.70% 2,787.55% 0.00% 0.00% 1,201.48% 2,295.72% 176.99% 356.20% 165.11%
Net Working Capital to Revenue		 15,678.69% 33.49% 48.70% 2,787.55% 0.00% 0.00% 1,201.48% 2,295.72% 176.99% 356.20% 165.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.63) ($0.86) ($0.63) $0.42 $0.32 $0.25 ($0.25) ($0.16) ($0.13) ($1.10) ($0.99)
Adjusted Weighted Average Basic Shares Outstanding		 12.87M 15.60M 21.36M 26.70M 26.71M 30.90M 32.15M 35.34M 38.50M 4.89M 5.55M
Adjusted Diluted Earnings per Share		 ($0.63) ($0.86) ($0.63) $0.42 $0.32 $0.25 ($0.25) ($0.16) ($0.13) ($1.10) ($0.99)
Adjusted Weighted Average Diluted Shares Outstanding		 12.87M 15.60M 21.36M 26.70M 26.71M 30.90M 32.15M 35.34M 38.50M 4.89M 5.55M
Adjusted Basic & Diluted Earnings per Share		 ($0.63) ($0.86) ($0.63) $0.42 $0.32 $0.25 ($0.25) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.46M 12.93M 15.42M 22.86M 26.70M 27.84M 31.23M 38.54M 0.00 0.00 5.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.56 -7.84 -6.80 -6.70 -6.01 -4.85 -5.70 -4.28 -4.19 -4.54 -4.67
Normalized NOPAT Margin		 -9,113.77% -1,263.04% -1,258.96% -1,264.09% 0.00% 0.00% -939.29% -1,144.89% -174.23% -126.30% -89.22%
Pre Tax Income Margin		 -12,947.54% -1,799.19% -1,792.59% -1,792.45% 0.00% 0.00% -1,300.16% -1,601.60% -226.76% -165.82% -119.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for ClearSign Technologies

This table displays calculated financial ratios and metrics derived from ClearSign Technologies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 38,562,086.00 38,565,836.00 38,565,836.00 45,913,546.00 50,205,657.00 50,234,407.00 50,234,407.00 52.00 52,426,282.00 53,273,405.00 5,408,723.00
DEI Adjusted Shares Outstanding		 38,562,086.00 38,565,836.00 38,565,836.00 45,913,546.00 50,205,657.00 5,023,441.00 5,023,441.00 52.00 52,426,282.00 5,327,340.00 5,408,723.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.03 -0.02 -0.03 -0.04 -0.02 -0.23 -0.41 -32,307.69 -0.03 -0.06 -0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -73.77% 2,448.00% 23.27% -70.00% 2,087.06% -53.69% -63.61% 195.56% -44.65% 522.20% -52.37%
EBITDA Growth		 -5.63% 26.26% 18.94% -39.85% -1.04% -49.91% -85.27% 14.61% -23.24% 52.35% -1.23%
EBIT Growth		 -1.39% 23.51% 21.01% -34.55% 1.58% -44.53% -80.85% 13.87% -22.21% 50.39% -1.02%
NOPAT Growth		 -4.32% 23.52% 26.53% -31.18% 4.28% -44.74% -80.27% 13.99% -22.12% 50.42% -0.97%
Net Income Growth		 -1.52% 27.54% 22.46% -26.66% 13.29% -21.88% -87.36% 10.26% -23.72% 73.28% -5.49%
EPS Growth		 0.00% 0.00% 25.00% 0.00% 0.00% 0.00% -87.36% 25.00% 0.00% 73.28% -2.63%
Operating Cash Flow Growth		 -39.04% -99.18% -80.69% -3,413.04% -12.39% 71.38% -10.99% 66.47% -27.77% -209.16% -21.33%
Free Cash Flow Firm Growth		 187.21% 120.76% -56.27% -296.23% -309.14% -865.14% -48.99% 119.88% 119.85% 13.41% -151.86%
Invested Capital Growth		 -226.87% -199.39% -266.33% 93.81% 126.14% 44.92% -406.75% -2,164.71% -518.40% 229.89% 86.44%
Revenue Q/Q Growth		 -43.33% 1,398.82% -13.50% -95.92% 4,031.11% -68.26% -32.03% -66.83% 673.68% 256.75% -94.80%
EBITDA Q/Q Growth		 8.66% 21.19% -11.00% -75.02% 34.01% -16.94% -37.18% 19.33% 4.76% 54.79% -191.45%
EBIT Q/Q Growth		 8.26% 20.82% -8.33% -70.99% 32.90% -16.27% -35.56% 18.56% 4.79% 52.80% -176.03%
NOPAT Q/Q Growth		 8.10% 23.11% -8.78% -70.69% 32.94% -16.26% -35.47% 18.56% 4.79% 52.80% -175.91%
Net Income Q/Q Growth		 9.88% 28.30% -16.02% -68.95% 38.30% -0.78% -78.35% 19.08% 14.94% 78.24% -604.18%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -33.33% 0.00% 0.00% -78.35% 25.00% 0.00% 0.00% -550.00%
Operating Cash Flow Q/Q Growth		 -2,871.74% -13.73% 30.97% -52.25% 5.97% 71.04% -167.71% 54.01% -258.32% 29.93% -5.07%
Free Cash Flow Firm Q/Q Growth		 -11.39% -85.58% -439.44% -352.37% 5.56% 47.24% 33.90% 160.36% -5.67% -330.11% -92.25%
Invested Capital Q/Q Growth		 6.12% 61.83% 66.87% 47.85% 496.47% -180.42% -204.80% -133.05% 26.75% 124.96% -131.82%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.24% 43.80% 39.66% 93.33% 29.64% 14.92% 48.88% 41.35% 35.76% 21.93% -205.76%
EBITDA Margin		 -1,588.24% -83.52% -107.17% -4,593.33% -73.37% -270.34% -545.64% -1,327.07% -163.36% -20.70% -1,159.69%
Operating Margin		 -1,761.18% -90.35% -113.61% -4,748.89% -77.08% -282.37% -562.84% -1,381.95% -170.07% -22.50% -1,193.19%
EBIT Margin		 -1,711.76% -90.42% -113.25% -4,742.22% -77.03% -282.20% -562.84% -1,381.95% -170.07% -22.50% -1,193.72%
Profit (Net Income) Margin		 -1,567.06% -74.96% -100.54% -4,160.00% -62.13% -197.29% -517.71% -1,263.16% -138.87% -8.47% -1,146.60%
Tax Burden Percent		 97.23% 89.67% 93.34% 91.01% 89.81% 81.23% 97.74% 97.50% 86.87% 42.03% 98.74%
Interest Burden Percent		 94.16% 92.45% 95.11% 96.39% 89.80% 86.07% 94.11% 93.74% 94.00% 89.59% 97.28%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -101,313.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,035.51% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -101,311.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,037.81% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 101,290.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,030.72% 0.00%
Return on Equity (ROE)		 -66.38% -22.64% -74.69% -45.71% -49.02% -55.91% -75.96% -46.19% -53.13% -4.78% -57.06%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -1,723.18% 0.00% 0.00% 0.00% 0.00% -1,503.61% 0.00%
Operating Return on Assets (OROA)		 -193.49% -23.43% -35.23% -842.06% -25.27% -84.91% -154.05% -257.17% -24.54% -8.27% -492.18%
Return on Assets (ROA)		 -177.13% -19.43% -31.28% -738.68% -20.38% -59.36% -141.70% -235.07% -20.04% -3.12% -472.75%
Return on Common Equity (ROCE)		 -66.38% -22.64% -74.69% -45.71% -49.02% -55.91% -75.96% -46.19% -53.13% -4.78% -57.06%
Return on Equity Simple (ROE_SIMPLE)		 -93.46% 0.00% -109.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.05 -0.81 -0.88 -1.50 -1.00 -1.17 -1.58 -1.29 -1.23 -0.58 -1.60
NOPAT Margin		 -1,232.82% -63.24% -79.53% -3,324.22% -53.96% -197.66% -393.99% -967.37% -119.05% -15.75% -835.24%
Net Nonoperating Expense Percent (NNEP)		 -3.34% -2.03% -3.53% -3.07% -1.40% 0.02% -5.67% -2.78% -1.63% 2.30% -5.77%
Return On Investment Capital (ROIC_SIMPLE)		 - -15.52% -19.65% -9.41% -6.77% -8.47% -13.12% -12.35% -13.49% -6.07% -20.92%
Cost of Revenue to Revenue		 71.76% 56.20% 60.34% 6.67% 70.36% 85.08% 51.12% 58.65% 64.24% 78.07% 305.76%
SG&A Expenses to Revenue		 1,680.00% 110.68% 127.77% 3,948.89% 89.03% 219.49% 500.25% 1,237.59% 175.70% 33.04% 857.07%
R&D to Revenue		 109.41% 23.47% 25.50% 893.33% 17.70% 77.80% 111.47% 185.71% 30.13% 11.39% 130.37%
Operating Expenses to Revenue		 1,789.41% 134.14% 153.27% 4,842.22% 106.72% 297.29% 611.72% 1,423.31% 205.83% 44.43% 987.43%
Earnings before Interest and Taxes (EBIT)		 -1.46 -1.15 -1.25 -2.13 -1.43 -1.67 -2.26 -1.84 -1.75 -0.83 -2.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.35 -1.06 -1.18 -2.07 -1.36 -1.60 -2.19 -1.77 -1.68 -0.76 -2.22
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.07 8.25 8.34 2.41 2.88 5.26 0.00 2.82 4.45 3.11 3.09
Price to Tangible Book Value (P/TBV)		 8.12 9.83 10.25 2.55 3.05 5.59 0.00 3.05 4.87 3.38 3.44
Price to Revenue (P/Rev)		 35.65 17.81 14.25 15.29 9.97 20.12 0.00 9.84 18.78 5.66 4.69
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 83.63 0.00 0.00 0.00 0.00 58.09 0.00
Enterprise Value to Revenue (EV/Rev)		 29.51 15.45 12.48 8.91 6.59 16.21 0.00 5.70 13.91 3.91 3.15
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.02 -1.00 -1.01 -1.06 -1.05 -1.04 -1.06 -1.08 -1.04 -1.00 -1.05
Leverage Ratio		 1.25 1.26 1.29 1.22 1.26 1.26 1.28 1.22 1.25 1.22 1.24
Compound Leverage Factor		 1.17 1.16 1.22 1.18 1.13 1.09 1.21 1.14 1.17 1.09 1.21
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -5.91 -6.15 -9.30 5.01 4.21 9.54 -9.13 -4.91 -4.35 -4.25 -8.24
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.73 2.89 2.77 9.30 7.46 6.32 5.63 3.56 3.28 4.34 4.05
Quick Ratio		 2.55 2.65 2.59 8.97 7.11 5.90 5.43 3.34 3.02 4.08 3.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.26 0.18 -0.62 -2.78 -2.63 -1.39 -0.92 0.55 0.52 -1.20 -2.31
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% -8,466.67% 0.00% -1,976.19% -27,775.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.26 0.31 0.18 0.33 0.30 0.27 0.19 0.14 0.37 0.41
Accounts Receivable Turnover		 18.86 13.13 8.44 28.80 10.24 15.91 8.22 37.29 4.01 6.86 32.84
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 2.83 7.29 6.85 6.69 13.15 14.02 12.53 11.43 9.20 24.18 26.37
Accounts Payable Turnover		 2.68 4.79 2.88 3.28 2.85 3.12 2.26 2.08 0.83 2.66 2.87
Days Sales Outstanding (DSO)		 19.35 27.80 43.27 12.67 35.65 22.94 44.38 9.79 90.95 53.17 11.12
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 136.43 76.18 126.61 111.27 128.27 116.81 161.34 175.18 437.82 137.19 127.17
Cash Conversion Cycle (CCC)		 -117.08 -48.38 -83.35 -98.60 -92.62 -93.87 -116.96 -165.39 -346.87 -84.01 -116.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -1.29 -0.49 -0.16 -0.09 0.34 -0.27 -0.83 -1.93 -1.41 0.35 -0.11
Invested Capital Turnover		 -8.64 1,602.00 -80.34 -3.44 -8.99 -9.43 -5.85 -2.97 -4.01 129.23 -10.71
Increase / (Decrease) in Invested Capital		 -2.31 -0.99 -0.26 1.29 1.63 0.22 -0.66 -1.84 -1.75 0.62 0.71
Enterprise Value (EV)		 35 37 33 22 28 58 -13 17 30 20 16
Market Capitalization		 42 43 37 38 43 72 0.00 29 40 30 24
Book Value per Share		 $0.15 $0.13 $0.12 $0.35 $0.30 $0.27 $0.24 $0.19 $0.17 $0.18 $0.14
Tangible Book Value per Share		 $0.13 $0.11 $0.09 $0.33 $0.28 $0.26 $0.22 $0.17 $0.16 $0.16 $0.13
Total Capital		 5.95 5.19 4.46 16 15 14 12 10 9.08 9.53 7.62
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -7.24 -5.68 -4.62 -16 -14 -14 -13 -12 -10 -9.18 -7.74
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.02 0.00 0.02 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.29 -1.43 -1.08 -1.07 -0.64 -1.23 -1.77 -2.86 -2.32 -0.54 -1.13
Debt-free Net Working Capital (DFNWC)		 4.95 4.25 3.54 15 14 13 11 9.48 8.17 8.64 6.61
Net Working Capital (NWC)		 4.95 4.25 3.54 15 14 13 11 9.48 8.17 8.64 6.61
Net Nonoperating Expense (NNE)		 0.28 0.15 0.23 0.38 0.15 -0.00 0.50 0.39 0.20 -0.27 0.59
Net Nonoperating Obligations (NNO)		 -7.24 -5.68 -4.62 -16 -14 -14 -13 -12 -10 -9.18 -7.74
Total Depreciation and Amortization (D&A)		 0.11 0.09 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Debt-free, Cash-free Net Working Capital to Revenue		 -194.06% -59.55% -41.52% -42.62% -14.84% -34.09% -61.04% -95.84% -107.76% -10.24% -22.43%
Debt-free Net Working Capital to Revenue		 419.59% 176.99% 135.58% 594.81% 323.62% 356.20% 383.39% 317.80% 379.38% 165.11% 131.55%
Net Working Capital to Revenue		 419.59% 176.99% 135.58% 594.81% 323.62% 356.20% 383.39% 317.80% 379.38% 165.11% 131.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.03) ($0.02) ($0.03) ($0.04) ($0.02) ($2.40) ($0.40) ($0.03) ($0.03) ($0.60) ($0.39)
Adjusted Weighted Average Basic Shares Outstanding		 38.56M 38.50M 38.85M 47.31M 54.71M 489.36K 5.50M 55.22M 55.74M 555.12K 5.63M
Adjusted Diluted Earnings per Share		 ($0.03) $0.00 ($0.03) ($0.04) $0.00 ($2.40) ($0.40) ($0.03) $0.00 ($0.60) ($0.39)
Adjusted Weighted Average Diluted Shares Outstanding		 38.56M 38.50M 38.85M 47.31M 50.23M 489.36K 5.50M 55.22M 53.27M 555.12K 5.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($2.40) $0.00 $0.00 $0.00 ($0.60) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.57M 0.00 45.91M 50.21M 50.23M 0.00 5.24M 52.43M 53.27M 540.87K 5.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.05 -0.81 -0.88 -1.50 -1.00 -1.17 -1.58 -1.29 -1.23 -0.58 -1.60
Normalized NOPAT Margin		 -1,232.82% -63.24% -79.53% -3,324.22% -53.96% -197.66% -393.99% -967.37% -119.05% -15.75% -835.24%
Pre Tax Income Margin		 -1,611.76% -83.60% -107.71% -4,571.11% -69.18% -242.88% -529.68% -1,295.49% -159.86% -20.16% -1,161.26%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

ClearSign Technologies (NASDAQ: CLIR) shows improving top-line momentum, but the company is still operating at a significant loss and burning cash. The latest quarter (Q1 2026) featured a sharp revenue drop from the prior quarter, while expenses remained far above sales. On the balance sheet, ClearSign still has a solid cash position, but the quarterly cash burn remains meaningful.

  • Revenue in Q1 2026 was $191,000, up from $85,000 in Q3 2023, showing that the business has grown over the longer term despite volatility.
  • Gross profit has improved from a loss-generating model in some quarters to a still-negative but more stable profile recently, helped by a better revenue base than in 2024.
  • ClearSign ended Q1 2026 with $7.7 million in cash and equivalents, which provides a cushion for operations.
  • The company’s operating cash burn improved versus some earlier periods, with Q1 2026 operating cash outflow of $1.35 million versus $1.83 million in Q3 2025 and $1.52 million in Q2 2024.
  • Q1 2026 revenue fell sharply from $3.67 million in Q4 2025, indicating that quarterly results remain highly lumpy.
  • Q1 2026 cost of revenue was $584,000 versus revenue of only $191,000, which means gross margin remained deeply negative.
  • The company continues to invest in R&D and sales, general & administrative expenses, which is typical for a development-stage company but keeps losses elevated.
  • Total assets were $9.8 million at the end of Q1 2026, down from $12.7 million in Q3 2025 and $17.1 million in Q3 2024, reflecting a smaller balance sheet over time.
  • Q1 2026 net loss attributable to common shareholders was $2.19 million, wider than the $311,000 loss in Q4 2025.
  • Operating expenses in Q1 2026 totaled $1.886 million, far above gross profit, keeping operating income deeply negative at $(2.279 million).
  • Cash and equivalents declined from $10.5 million in Q3 2025 to $7.7 million in Q1 2026, underscoring ongoing cash usage.
  • The company has a long history of quarterly losses, with no clear evidence yet of sustained profitability.

Bottom line: ClearSign appears to have enough cash to keep operating near term, but the latest quarter highlights the core challenge: revenue remains small and inconsistent, while expenses and cash burn are still too high for the company to be self-funding. Investors will likely want to see steadier revenue growth and better margin control before the fundamentals look meaningfully stronger.

07/21/26 11:56 AM ETAI Generated. May Contain Errors.

ClearSign Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ClearSign Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

ClearSign Technologies' net income appears to be on a downward trend, with a most recent value of -$5.50 million in 2025, falling from -$7.90 million in 2015. The previous period was -$5.30 million in 2024. View ClearSign Technologies' forecast to see where analysts expect ClearSign Technologies to go next.

ClearSign Technologies' total operating income in 2025 was -$6.67 million, based on the following breakdown:
  • Total Gross Profit: $1.42 million
  • Total Operating Expenses: $8.10 million

Over the last 10 years, ClearSign Technologies' total revenue changed from $61 thousand in 2015 to $5.23 million in 2025, a change of 8,480.3%.

ClearSign Technologies' total liabilities were at $2.65 million at the end of 2025, a 5.2% increase from 2024, and a 63.2% increase since 2015.

In the past 10 years, ClearSign Technologies' cash and equivalents has ranged from $1.25 million in 2017 to $14.04 million in 2024, and is currently $9.18 million as of their latest financial filing in 2025.

Over the last 10 years, ClearSign Technologies' book value per share changed from 0.98 in 2015 to 0.18 in 2025, a change of -81.7%.


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Financial statements for NASDAQ:CLIR last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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