C2 Blockchain Inc (CBLO) reported QQ3 2025 results with a stark revenue shortfall and substantial operating losses, underscoring a fragile near-term financial position in a volatile crypto mining environment. Revenue totaled $13 (USD thousands) for the quarter, while operating income and net income both posted a loss of $100,611, translating to an EBITDA of negative $100,611 and an EPS of -0.0004. The negative EBITDA and margins reflect a fixed-cost structure that could not be absorbed by the miniscule revenue in QQ3 2025.
Balance sheet and cash flow metrics point to liquidity and solvency challenges: cash and cash equivalents stood at $20.8 thousand, while total current liabilities reached $76.6 thousand and total liabilities were $76.6 thousand, resulting in a negative stockholders’ equity of $39.3 thousand. The company generated negative operating cash flow of $60.6 thousand in the quarter, but financing activities provided a net inflow of $100.8 thousand, yielding a modest net increase in cash of $20.8 thousand to end the period with $20.8 thousand in cash. The quarter’s performance is accompanied by year-over-year and quarter-over-quarter deterioration in operating income and net income metrics (both down approximately 2,428%), with EPS down about 2,452%, signaling continued earnings volatility tied to crypto-market dynamics and cost structure.
Management commentary and earnings call insights are not available in the provided data set. Consequently, the transcript-based insights, quotes, and context from the QQ3 2025 earnings call cannot be incorporated here. Investors should watch for any forthcoming management remarks around strategic initiatives, capital-structure optimization, and operating efficiency improvements that could alter the current risk-reward profile.