CIRX CIRTRAN CORP

Overview and Growth

CIRTRAN CORP generated $3.13M of revenue in fiscal 2025, with net loss of $701.63K and an operating cash outflow of $1.34M. At $3.13M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.30M in fiscal 2024, revenue recorded a 141.1% year-over-year increase. Diluted earnings per share were -$0.14, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 4.95M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 4.95M diluted shares in fiscal 2024, the current 4.95M base was 0.0% higher. Total assets stood at $2.51M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 1.24x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.54M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 49.3% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $129.72K operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 4.1%, showing the shortfall after operating costs. The company ended the period with a net loss of $701.63K, extending the operating result through all remaining items. Net margin was -22.4%, reflecting a loss equal to 22.4% of reported revenue. Negative EBITDA totaled $127.92K, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $701.63K, establishing the deficit before tax effects. The pretax loss equaled 22.4% of revenue, measuring the pre-tax deficit against sales. The net loss equaled 27.9% of period-end assets, showing the deficit relative to the asset base. Compared with a $2.63M net loss in fiscal 2024, the current loss improved to $701.63K.

Liquidity and Capital Structure

The company held $2.51M of assets against $27.62M of liabilities and -$25.11M of equity, revealing how the asset base was financed. With total equity at -$25.11M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. The near-term balance sheet paired $2.26M of current assets with $24.69M of current liabilities at the reporting date. At 0.09x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Book equity represented -998.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. Compared with $1.53M in fiscal 2024, the current asset base moved 64.1% and finished higher.

Cash Flow and Earnings Quality

Operating activities used $1.34M of cash, resulting in an operating cash outflow for the year. Cash absorbed by operations increased from $46.35K in fiscal 2024 to $1.34M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.