1606 Corp Financials
This page shows 1606 Corp (CBDW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
1606 Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, 1606 Corp generates $0.36 in operating cash flow (-$461K OCF vs -$1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
1606 Corp earns $-0.5 in operating income for every $1 of interest expense (-$486K vs $954K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
1606 Corp generated $7K in revenue in fiscal year 2025. This represents an increase of 0.0% from the prior year.
1606 Corp reported -$1.3M in net income in fiscal year 2025. This represents an increase of 71.3% from the prior year.
1606 Corp earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 83.3% from the prior year.
Cash & Balance Sheet
1606 Corp held $2K in cash against $2.1M in long-term debt as of fiscal year 2025.
1606 Corp had 771M shares outstanding in fiscal year 2025. This represents an increase of 584.0% from the prior year.
Margins & Returns
1606 Corp's gross margin was -1.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
1606 Corp's operating margin was -6751.0% in fiscal year 2025, reflecting core business profitability. This is up 50764.9 percentage points from the prior year.
1606 Corp's net profit margin was -17999.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 44752.3 percentage points from the prior year.
Capital Allocation
CBDW Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | N/A | $0 | $0-100.0% | $7K+14007.8% | $51 |
| Cost of Revenue | $0 | $0 | $0 | N/A | $0 | $0-100.0% | $7K+293.2% | -$4K |
| Gross Profit | $0 | $0 | $0 | N/A | $0 | $0+100.0% | -$118-103.1% | $4K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $111K-4.8% | $117K-32.8% | $174K | N/A | $3.2M+1016.8% | $289K-27.4% | $398K+29.4% | $308K |
| Operating Income | -$111K+4.8% | -$117K+32.8% | -$174K | N/A | -$3.2M-1024.3% | -$289K+27.5% | -$398K-31.1% | -$304K |
| Interest Expense | $317K+402.7% | $63K+1.7% | $62K | N/A | $98K-23.4% | $128K-28.6% | $180K | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | $0 | $0 | $0 |
| Net Income | -$385K-83.0% | -$210K-0.9% | -$208K | N/A | -$3.6M-952.4% | -$339K-18.4% | -$286K-52.3% | -$188K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $-0.07-600.0% | $-0.010.0% | $-0.01 | N/A |
CBDW Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15K-45.4% | $27K+9290.9% | $285-97.2% | $10K-76.9% | $44K-77.6% | $196K+37.7% | $142K-4.2% | $148K |
| Current Assets | $15K-45.4% | $27K+9290.9% | $285-97.2% | $10K-76.9% | $44K-77.6% | $196K+37.7% | $142K-4.2% | $148K |
| Cash & Equivalents | $998-46.4% | $2K+553.7% | $285-86.3% | $2K-92.2% | $27K-64.3% | $75K+372.6% | $16K-67.6% | $49K |
| Inventory | N/A | N/A | N/A | $0 | $0-100.0% | $73K0.0% | $73K-0.1% | $73K |
| Accounts Receivable | N/A | N/A | N/A | $0 | $0-100.0% | $3K-2.9% | $3K-21.0% | $4K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.9M+13.0% | $2.6M+9.2% | $2.4M+6.7% | $2.2M+3.1% | $2.1M+1.0% | $2.1M+20.8% | $1.8M+12.2% | $1.6M |
| Current Liabilities | $2.9M+13.0% | $2.6M+9.2% | $2.4M+6.7% | $2.2M+3.1% | $2.1M+138.3% | $898K+22.5% | $733K-53.1% | $1.6M |
| Long-Term Debt | $2.0M+2.6% | $1.9M+5.5% | $1.8M | N/A | N/A | $1.2M+19.6% | $1.0M+7.4% | $951K |
| Total Equity | -$2.9M-13.6% | -$2.5M-8.0% | -$2.4M-7.2% | -$2.2M-4.7% | -$2.1M-9.0% | -$1.9M-19.3% | -$1.6M-13.9% | -$1.4M |
| Retained Earnings | -$7.7M-5.2% | -$7.4M-2.9% | -$7.1M-3.0% | -$6.9M-4.8% | -$6.6M-117.1% | -$3.0M-12.5% | -$2.7M-11.8% | -$2.4M |
CBDW Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$73K+39.0% | -$119K+24.5% | -$158K+12.5% | -$180K+31.6% | -$264K-45.2% | -$182K+31.6% | -$265K-70.9% | -$155K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $72K-40.5% | $121K-22.6% | $156K+0.2% | $156K-27.8% | $215K-10.5% | $241K+3.6% | $232K+36.7% | $170K |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CBDW Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | -1.6%-7525.2pp | 7523.5% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -5532.2%+589973.7pp | -595505.9% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -3981.1%+364742.5pp | -368723.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2633.3%-1848.3pp | -785.1%+72316.4pp | -73101.4% | N/A | -8148.2%-7974.8pp | -173.3%+28.2pp | -201.5%-74.7pp | -126.8% |
| Current Ratio | 0.010.0 | 0.01+0.0 | 0.000.0 | 0.00-0.0 | 0.02-0.2 | 0.22+0.0 | 0.19+0.1 | 0.09 |
| Debt-to-Equity | -0.68+0.1 | -0.75+0.0 | -0.77+0.2 | -1.00+0.0 | -1.02-0.4 | -0.630.0 | -0.63+0.0 | -0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$3.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is 1606 Corp's annual revenue?
1606 Corp (CBDW) reported $7K in total revenue for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is 1606 Corp's revenue growing?
1606 Corp (CBDW) revenue grew by 0% year-over-year, from $7K to $7K in fiscal year 2025.
Is 1606 Corp profitable?
No, 1606 Corp (CBDW) reported a net income of -$1.3M in fiscal year 2025, with a net profit margin of -17999.2%.
How much debt does 1606 Corp have?
As of fiscal year 2025, 1606 Corp (CBDW) had $2K in cash and equivalents against $2.1M in long-term debt.
What is 1606 Corp's gross margin?
1606 Corp (CBDW) had a gross margin of -1.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is 1606 Corp's operating margin?
1606 Corp (CBDW) had an operating margin of -6751.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is 1606 Corp's net profit margin?
1606 Corp (CBDW) had a net profit margin of -17999.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is 1606 Corp's operating cash flow?
1606 Corp (CBDW) generated -$461K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are 1606 Corp's total assets?
1606 Corp (CBDW) had $16K in total assets as of fiscal year 2025, including both current and long-term assets.
What is 1606 Corp's current ratio?
1606 Corp (CBDW) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is 1606 Corp's debt-to-equity ratio?
1606 Corp (CBDW) had a debt-to-equity ratio of -0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is 1606 Corp's return on assets (ROA)?
1606 Corp (CBDW) had a return on assets of -8064.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is 1606 Corp's cash runway?
Based on fiscal year 2025 data, 1606 Corp (CBDW) had $2K in cash against an annual operating cash burn of $461K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is 1606 Corp's debt-to-equity ratio negative or unusual?
1606 Corp (CBDW) has negative shareholder equity of -$3.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is 1606 Corp's Piotroski F-Score?
1606 Corp (CBDW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are 1606 Corp's earnings high quality?
1606 Corp (CBDW) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can 1606 Corp cover its interest payments?
1606 Corp (CBDW) has an interest coverage ratio of -0.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.