CJET
CJET
Chijet Motor Company, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $599K ▼ | $54.9M ▲ | $-40.05M ▼ | -6.69K% ▼ | $-172.95 ▲ | $-43.54M ▼ |
| Q4-2024 | $3.51M ▲ | $17.8M ▲ | $-25.27M ▼ | -720.44% ▼ | $-472 ▼ | $-14.49M ▲ |
| Q2-2024 | $3.41M ▼ | $14.65M ▼ | $-21.62M ▲ | -634.63% ▼ | $-394 ▲ | $-14.81M ▲ |
| Q4-2023 | $6.87M ▲ | $20.99M ▼ | $-28.29M ▲ | -411.84% ▲ | $-522 ▲ | $-21.37M ▲ |
| Q2-2023 | $2.62M | $34.98M | $-39.83M | -1.52K% | $-774 | $-32.45M |
What's going well?
The only bright spot is a swing to positive other income, which slightly reduced the overall loss. No major one-time charges distorted the results, so the numbers reflect the real situation.
What's concerning?
Revenue fell off a cliff, costs remain sky-high, and losses more than doubled. The company issued a huge number of new shares, diluting existing investors, and there's no sign of a turnaround.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $40.61M ▲ | $490.91M ▲ | $657.2M ▲ | $-179.58M ▼ |
| Q4-2024 | $3.71M ▲ | $470.79M ▼ | $616.27M ▲ | $-179.27M ▼ |
| Q2-2024 | $1.07M ▼ | $500.31M ▼ | $608.72M ▼ | $-153.99M ▼ |
| Q4-2023 | $10.73M ▼ | $536.45M ▼ | $615.33M ▲ | $-132.83M ▼ |
| Q2-2023 | $18.25M | $565.07M | $600.05M | $-103.25M |
What's financially strong about this company?
The company managed to boost its cash and short-term investments significantly this quarter, and inventory levels are under control. Property and equipment investment remains substantial.
What are the financial risks or weaknesses?
Debt is overwhelming, all due soon, and liabilities far exceed assets. Negative equity and a long history of losses mean the company is at high risk of running out of money without new funding.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-40.05M ▲ | $1.62M ▲ | $-261K ▼ | $-1.79M ▼ | $-3.38M ▲ | $1.62M ▲ |
| Q4-2024 | $-47.38M ▼ | $-9.2M ▲ | $3K ▲ | $10.47M ▲ | $-8.34M ▼ | $-9.23M ▲ |
| Q2-2024 | $-21.62M ▲ | $-16.26M ▼ | $-1.06M ▼ | $3.16M ▲ | $-5.33M ▼ | $-17.32M ▼ |
| Q4-2023 | $-28.29M ▲ | $-12.97M ▲ | $2.24M ▲ | $1.24M ▼ | $-4.84M ▼ | $-13.42M ▲ |
| Q2-2023 | $-39.83M | $-27.05M | $-4M | $3.98M | $-302.68K | $-31.93M |
What's strong about this company's cash flow?
The company swung from burning cash to generating $1.62 million in free cash flow this quarter. It also paid down debt and didn't need to issue new shares, showing some operational improvement.
What are the cash flow concerns?
Despite better cash flow, the company ended the quarter with only $387,000 in cash—a dangerously low cushion. Most of the cash improvement came from one-time working capital changes, not from core profits.
5-Year Trend Analysis
A comprehensive look at Chijet Motor Company, Inc.'s financial evolution and strategic trajectory over the past five years.
CJET has shown a willingness to make tough strategic shifts, cutting costs, scaling back unproductive R&D, and ultimately exiting an unprofitable automotive trajectory. It has demonstrated some ability to raise capital and form partnerships—first in manufacturing, now in digital assets—which has helped keep the company operating despite persistent losses. The new digital treasury focus, combined with sizeable token holdings and staking agreements, could provide a different kind of revenue base if managed skillfully.
The company carries substantial risks: a long history of operating losses, shrinking revenue, negative equity, high leverage, and very weak liquidity. Cash flows have been inconsistent and mostly negative, signaling ongoing reliance on external financing. On top of this financial fragility, CJET is undertaking a complete business model change into a highly volatile, heavily scrutinized crypto space where regulation, market swings, cybersecurity, and competitive intensity all pose serious challenges. Dilution, restructuring, or other balance‑sheet actions remain ongoing possibilities given the current position.
The outlook is highly uncertain and cautious. Any path to stabilization will likely require the new digital asset strategy to deliver more reliable revenues and cash flow than the legacy auto business ever achieved, while management simultaneously repairs the balance sheet and navigates regulatory and market risks in crypto. The company’s future will depend on its ability to convert large on‑paper digital holdings and partnerships into a sustainable, trusted operating model, under tight financial constraints and with limited margin for operational error.
About Chijet Motor Company, Inc.
https://www.chijetmotors.comChijet Motor Company, Inc. engages in the research and development, production, and sale of new energy vehicles. It offers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. The company was founded in 2021 and is based in Grand Cayman, the Cayman Islands.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $599K ▼ | $54.9M ▲ | $-40.05M ▼ | -6.69K% ▼ | $-172.95 ▲ | $-43.54M ▼ |
| Q4-2024 | $3.51M ▲ | $17.8M ▲ | $-25.27M ▼ | -720.44% ▼ | $-472 ▼ | $-14.49M ▲ |
| Q2-2024 | $3.41M ▼ | $14.65M ▼ | $-21.62M ▲ | -634.63% ▼ | $-394 ▲ | $-14.81M ▲ |
| Q4-2023 | $6.87M ▲ | $20.99M ▼ | $-28.29M ▲ | -411.84% ▲ | $-522 ▲ | $-21.37M ▲ |
| Q2-2023 | $2.62M | $34.98M | $-39.83M | -1.52K% | $-774 | $-32.45M |
What's going well?
The only bright spot is a swing to positive other income, which slightly reduced the overall loss. No major one-time charges distorted the results, so the numbers reflect the real situation.
What's concerning?
Revenue fell off a cliff, costs remain sky-high, and losses more than doubled. The company issued a huge number of new shares, diluting existing investors, and there's no sign of a turnaround.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $40.61M ▲ | $490.91M ▲ | $657.2M ▲ | $-179.58M ▼ |
| Q4-2024 | $3.71M ▲ | $470.79M ▼ | $616.27M ▲ | $-179.27M ▼ |
| Q2-2024 | $1.07M ▼ | $500.31M ▼ | $608.72M ▼ | $-153.99M ▼ |
| Q4-2023 | $10.73M ▼ | $536.45M ▼ | $615.33M ▲ | $-132.83M ▼ |
| Q2-2023 | $18.25M | $565.07M | $600.05M | $-103.25M |
What's financially strong about this company?
The company managed to boost its cash and short-term investments significantly this quarter, and inventory levels are under control. Property and equipment investment remains substantial.
What are the financial risks or weaknesses?
Debt is overwhelming, all due soon, and liabilities far exceed assets. Negative equity and a long history of losses mean the company is at high risk of running out of money without new funding.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-40.05M ▲ | $1.62M ▲ | $-261K ▼ | $-1.79M ▼ | $-3.38M ▲ | $1.62M ▲ |
| Q4-2024 | $-47.38M ▼ | $-9.2M ▲ | $3K ▲ | $10.47M ▲ | $-8.34M ▼ | $-9.23M ▲ |
| Q2-2024 | $-21.62M ▲ | $-16.26M ▼ | $-1.06M ▼ | $3.16M ▲ | $-5.33M ▼ | $-17.32M ▼ |
| Q4-2023 | $-28.29M ▲ | $-12.97M ▲ | $2.24M ▲ | $1.24M ▼ | $-4.84M ▼ | $-13.42M ▲ |
| Q2-2023 | $-39.83M | $-27.05M | $-4M | $3.98M | $-302.68K | $-31.93M |
What's strong about this company's cash flow?
The company swung from burning cash to generating $1.62 million in free cash flow this quarter. It also paid down debt and didn't need to issue new shares, showing some operational improvement.
What are the cash flow concerns?
Despite better cash flow, the company ended the quarter with only $387,000 in cash—a dangerously low cushion. Most of the cash improvement came from one-time working capital changes, not from core profits.
5-Year Trend Analysis
A comprehensive look at Chijet Motor Company, Inc.'s financial evolution and strategic trajectory over the past five years.
CJET has shown a willingness to make tough strategic shifts, cutting costs, scaling back unproductive R&D, and ultimately exiting an unprofitable automotive trajectory. It has demonstrated some ability to raise capital and form partnerships—first in manufacturing, now in digital assets—which has helped keep the company operating despite persistent losses. The new digital treasury focus, combined with sizeable token holdings and staking agreements, could provide a different kind of revenue base if managed skillfully.
The company carries substantial risks: a long history of operating losses, shrinking revenue, negative equity, high leverage, and very weak liquidity. Cash flows have been inconsistent and mostly negative, signaling ongoing reliance on external financing. On top of this financial fragility, CJET is undertaking a complete business model change into a highly volatile, heavily scrutinized crypto space where regulation, market swings, cybersecurity, and competitive intensity all pose serious challenges. Dilution, restructuring, or other balance‑sheet actions remain ongoing possibilities given the current position.
The outlook is highly uncertain and cautious. Any path to stabilization will likely require the new digital asset strategy to deliver more reliable revenues and cash flow than the legacy auto business ever achieved, while management simultaneously repairs the balance sheet and navigates regulatory and market risks in crypto. The company’s future will depend on its ability to convert large on‑paper digital holdings and partnerships into a sustainable, trusted operating model, under tight financial constraints and with limited margin for operational error.

CEO
Melissa Chen
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-11-03 | Reverse | 1:100 |
| 2024-07-08 | Reverse | 1:30 |

