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CETX

Cemtrex, Inc.

CETX

Cemtrex, Inc. • NASDAQ
$3.26 ▲ 9.76% (+0.29)
Market Cap $2.41 M
52w High $57.75
52w Low $2.63
Dividend Yield 0%
P/E -0.04
Volume 104.03K
Outstanding Shares 738.99K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $16.966M ▼ $8.013M ▲ $-4.543M ▼ -26.78% ▼ $-27 ▼ $-3.803M ▼
Q2-2025 $27.25M ▲ $7.549M ▼ $8.383M ▲ 30.763% ▲ $61.5 ▲ $9.485M ▲
Q1-2025 $13.74M ▼ $7.983M ▲ $-28.754M ▼ -209.276% ▼ $-244.47 ▼ $-27.726M ▼
Q4-2024 $18.14M ▲ $7.899M ▼ $4.432M ▲ 24.434% ▲ $46.74 ▲ $5.131M ▲
Q3-2024 $14.686M $9.057M $-8.981M -61.152% $-90.25 $-8.235M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.047M ▲ $46.961M ▲ $43.109M ▲ $3.618M ▼
Q2-2025 $4.553M ▲ $46.237M ▼ $39.51M ▼ $6.403M ▲
Q1-2025 $4.238M ▲ $46.689M ▲ $48.179M ▲ $-1.56M ▼
Q4-2024 $3.911M ▼ $44.115M ▲ $39.155M ▼ $4.711M ▲
Q3-2024 $6.482M $43.827M $43.474M $47.956K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.634M ▼ $1.81M ▼ $-45.78K ▲ $85.557K ▲ $2.079M ▲ $1.734M ▼
Q2-2025 $8.637M ▲ $2.802M ▲ $-427.553K ▲ $-1.355M ▼ $601.779K ▲ $2.367M ▲
Q1-2025 $-28.935M ▼ $-1.202M ▲ $-1.009M ▼ $2.387M ▲ $43.862K ▲ $-2.126M ▲
Q4-2024 $4.377M ▲ $-1.873M ▼ $-851.169K ▼ $531.055K ▼ $-2.2M ▼ $-2.741M ▼
Q3-2024 $-9.139M $675.759K $49.084K $2.617M $3.532M $601.733K

Revenue by Products

Product Q1-2023Q2-2023Q3-2023Q3-2025
Industrial Services
Industrial Services
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Security
Security
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Consolidated
Consolidated
 $0 ▲$20.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Cemtrex’s revenue base is small but has been inching higher over the past few years, with gross profit improving modestly alongside it. However, the company has not yet been able to turn this into durable profitability, hovering around break-even at the operating level and still posting net losses. The extremely large swings in reported earnings per share mainly reflect repeated reverse stock splits rather than big changes in the underlying business. Overall, the income statement shows a company in transition, trying to scale its technology offerings while still absorbing the costs of growth and restructuring.

Balance Sheet

Balance Sheet The balance sheet is very lean, with a small pool of assets, limited cash, and a noticeable amount of debt relative to the company’s size. Shareholders’ equity has been shrinking toward break-even, which points to accumulated losses and leaves only a thin financial cushion. The long history of reverse stock splits suggests ongoing dilution and recapitalizations to keep the company funded. Altogether, Cemtrex operates with tight financial headroom, which heightens sensitivity to any setbacks in execution or funding.

Cash Flow

Cash Flow Cash generation is fragile. Operating cash flow has hovered around break-even, occasionally dipping negative, and free cash flow has tended to be slightly negative as well, even though capital spending is minimal. This pattern implies the business does not yet fully fund itself from its own operations and likely depends on external capital—debt, equity, or both—to support growth and product development. Any delay in revenue scaling can quickly become a cash constraint.

Competitive Edge

Competitive Edge Cemtrex is positioned as a niche technology player rather than a large-scale platform company. Through Vicon, it competes in security and surveillance with edge-based AI analytics and integrated systems, and it also plays in industrial services and immersive tech. Its strengths lie in specialized, differentiated offerings—like modular AI cameras, integrated security ecosystems, and turnkey industrial services—rather than broad market dominance. The moat is emerging but not yet entrenched; the company faces much larger, well-funded competitors and must execute well to convert its technology edge into lasting market share.

Innovation and R&D

Innovation and R&D Innovation is one of Cemtrex’s clear bright spots. The company is pushing AI at the camera edge, advanced gun-detection analytics, mixed-reality tools for manufacturing, and integrated workstations like SmartDesk. It is also looking to extend into areas like aerospace and robotics through targeted acquisitions. The challenge is that such ambitions require steady R&D investment and commercialization muscle, while the financial base is small. Many of these products are still in relatively early adoption stages, so the long-term payoff is promising but uncertain.

Summary

Cemtrex combines a high degree of technological creativity with a very constrained financial profile. On the positive side, it has distinctive products in AI-powered security, immersive technologies, and smart workstations, plus a diversified footprint that includes industrial services. On the risk side, the company remains unprofitable, runs with thin equity and modest cash, and has a history of reverse splits and dilution that point to ongoing funding pressure. The story is ultimately about whether Cemtrex can scale its innovative platforms fast enough, and consistently enough, to strengthen its balance sheet and turn fragile cash flows into sustainable profitability.

NEWS

November 20, 2025 · 9:15 AM UTC

Cemtrex Enters into Agreement to Acquire Invocon, Adding Proven Aerospace & Defense Engineering Capabilities

Read more