Executive Summary
C2 Blockchain Inc reported QQ2 2025 results with no reported revenue and an operating loss of $4,780. The quarter shows a cash flow dynamic driven entirely by a small financing activity, resulting in a net increase in cash of $20 to end the period with only $20 cash on hand. The balance sheet presents a structurally fragile financial position: total assets of $20 versus total liabilities of $73,768, producing a negative stockholders’ equity of -$73,748. The company’s leverage is extreme (debt to capitalization metrics are distorted by negative equity) and there is essentially no liquidity runway from operations. YoY and QoQ metrics for revenue are not available, but operating income and net income declined by 20.71% YoY and improved QoQ by 38.59% in the quarter, driven by a fixed cost structure rather than top-line growth. In the absence of revenue and with a depleted balance sheet, the near-term path to profitability requires a material revival in mining activity, favorable crypto price dynamics, or renewed access to capital. Given the lack of earnings calls transcripts in the provided data, management commentary could not be incorporated into this summary. Investors should treat the stock as high-risk with limited visibility on a sustainable cash-flow trajectory in the near term.
Key Performance Indicators
QoQ: 38.59% | YoY:-20.71%
QoQ: 38.59% | YoY:-20.71%
Key Insights
Revenue: N/A; Gross Profit: N/A; Operating Income: -$4,780 (YoY: -20.71%, QoQ: +38.59%); Net Income: -$4,780 (YoY: -20.71%, QoQ: +38.59%); EBITDA: -$4,780; Cash Flow from Operations: -$4,780; Net Cash Provided by Financing Activities: +$4,800; Net Change in Cash: +$20; Cash at End of Period: $20; Total Assets: $20; Total Liabilities: $73,768; Total Stockholders' Equity: -$73,748; Short-Term Debt: $73,768; Debt Ratio: 3,688.40; Current/Quick/Cash Ratios: 0.000271; Shares Outstanding: 253,936...
Financial Highlights
Revenue: N/A; Gross Profit: N/A; Operating Income: -$4,780 (YoY: -20.71%, QoQ: +38.59%); Net Income: -$4,780 (YoY: -20.71%, QoQ: +38.59%); EBITDA: -$4,780; Cash Flow from Operations: -$4,780; Net Cash Provided by Financing Activities: +$4,800; Net Change in Cash: +$20; Cash at End of Period: $20; Total Assets: $20; Total Liabilities: $73,768; Total Stockholders' Equity: -$73,748; Short-Term Debt: $73,768; Debt Ratio: 3,688.40; Current/Quick/Cash Ratios: 0.000271; Shares Outstanding: 253,936,005; Earnings per Share: N/A; Free Cash Flow: -$4,780
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Operating Income |
-4.78K |
-20.71% |
38.59% |
| Net Income |
-4.78K |
-20.71% |
38.59% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
priceEarningsRatio
-67.73
Management Commentary
No earnings call transcript was provided for QQ2 2025. Consequently, there are no management quotes or qualitative themes to extract. If/when transcripts are available, a follow-up note will synthesize strategic shifts, operational execution, and market condition commentary by theme (strategy, operations, market conditions).
Transcript not available
— Management
Transcript not available
— Management
Forward Guidance
Formal management guidance for QQ3/Q4 2025 is not included in the provided data. Given the current financials, any forward-looking plan would hinge on: (1) a material uptick in mining activity and/or realized crypto prices to generate revenue; (2) access to external capital to stabilize liquidity and reduce reliance on financing activities; (3) sustained reductions in fixed costs or other discretionary spend. In the absence of a revenue ramp or capital infusion, the probability of achieving meaningful profitability in the near term remains low. Investors should monitor crypto market price trends, mining difficulty, energy costs, and any announced capital-raising initiatives or asset monetization plans from management.