Chaince Digital (CD) financial statements
Chaince Digital reported revenue of $2M in fiscal 2025, down 33.5% a year over 9 years.
Net income was -$5M and the operating margin -202.0%, against -37.7% in 2016.
The diluted share count fell 96% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Chaince Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $73M | $0 | $0 | $2M | $1M | $670,171 | $863,438 | $445,928 | $494,025 | $2M |
| Cost of revenue | $73M | $0 | $0 | $257,023 | $79,150 | $702,679 | $1M | $1M | $259,593 | $666,358 |
| Gross profit | $344,353 | $0 | $0 | $1M | $1M | -$32,508 | -$517,162 | — | $234,432 | $1M |
| Research and development | — | — | — | — | — | — | — | — | — | $147,321 |
| Selling, general and admin | $28M | $17M | $8M | $740,534 | $1M | $10M | $2M | $3M | $2M | $4M |
| Operating income | -$28M | -$1M | -$2M | $740,443 | -$668,768 | -$13M | -$6M | -$8M | -$2M | -$4M |
| Pre-tax income | -$28M | -$1M | -$2M | $767,302 | -$693,318 | -$13M | -$6M | -$9M | -$2M | -$2M |
| Income tax | -$2M | $0 | $0 | $0 | $0 | $0 | -$248,711 | -$90,776 | $336,985 | -$82,248 |
| Net income | -$25M | -$162M | -$123M | -$1M | -$2M | -$22M | -$6M | -$9M | -$5M | -$5M |
| EPS (diluted) | -$0.02 | -$0.11 | -$0.08 | $0.00 | -$0.25 | -$2.23 | -$0.39 | -$0.20 | -$0.07 | -$0.08 |
| Diluted shares | 1.47B | 1.48B | 1.48B | 1.72B | 7M | 10M | 14M | 46M | 61M | 66M |
| Gross margin | 0.5% | — | — | 85.2% | 94.4% | -4.9% | -59.9% | — | 47.5% | 64.3% |
| Operating margin | -37.7% | — | — | 42.6% | -47.7% | -1985.5% | -681.6% | -1906.0% | -405.0% | -202.0% |
| Net margin | -34.6% | — | — | -70.5% | -117.8% | -3232.9% | -652.6% | -2098.4% | -917.8% | -273.0% |
Balance sheet
Fiscal years, from Chaince Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $19,740 | $1,191 | $435,211 | $174,783 | $440,636 | $7M | $18M | $25M | $36M |
| Receivables | $2M | $0 | $0 | $2M | $2M | $0 | $0 | — | — | $300,076 |
| Inventory | $224,148 | $538,660 | $585,760 | — | — | — | — | — | — | — |
| Total current assets | $13M | $12M | $5M | $2M | $2M | $2M | $8M | $24M | $30M | $45M |
| Property, plant and equipment | $2M | $2M | $406,021 | — | — | $0 | $6M | $5M | $9,599 | $7,007 |
| Goodwill | $221M | $0 | $0 | $6M | $8M | $0 | — | — | — | — |
| Total assets | $274M | $134M | $5M | $9M | $11M | $9M | $19M | $30M | $36M | $47M |
| Total current liabilities | $15M | $21M | $20M | $836,552 | $708,495 | $1M | $1M | $12M | $12M | $2M |
| Total liabilities | $26M | $31M | $27M | $836,552 | $708,495 | $1M | $2M | $13M | $12M | $3M |
| Shareholders' equity | $248M | $104M | -$22M | $8M | $10M | $8M | $17M | $18M | $24M | $44M |
| Net debt | -$3M | -$19,740 | -$1,191 | -$435,211 | -$174,783 | -$440,636 | -$7M | -$16M | -$24M | -$34M |
Cash flow
Fiscal years, from Chaince Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6M | -$10M | -$4M | -$644,621 | -$605,968 | -$1M | -$2M | -$3M | -$4M | -$2M |
| Capital spending | $2M | $741,079 | $13,064 | — | $0 | $0 | $7,222 | $3,808 | $2,611 | — |
| Free cash flow | -$8M | -$11M | -$4M | — | -$605,968 | -$1M | -$2M | -$3M | -$4M | — |
| Stock-based compensation | $1M | $1M | -$56,705 | $0 | $286,132 | $8M | $558,395 | $77,500 | — | $1M |
| Net borrowing | — | — | — | $0 | $0 | $842,702 | -$179,875 | — | — | — |
| Free cash flow margin | -10.5% | — | — | — | -43.2% | -210.5% | -180.5% | -626.4% | -724.0% | — |
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What was Chaince Digital's revenue in 2025?
$2M in fiscal 2025, from its 10-K filing.
From Chaince Digital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.