Base Carbon, Inc. (BCBN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: N/A
• EPS Growth: -2.42%
• Country: CA
• Employees: 13
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Asset Management
• EPS (TTM): 0.00
• Shares Outstanding: N/A
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ―

Base Carbon, Inc. receives a score of 69, driven primarily by positive corporate events that highlight strategic advances and a strong market position in carbon credits. While financial performance shows potential, persistent profitability challenges limit the score. The absence of technical analysis and valuation data means these factors do not influence the score.

Base Carbon, Inc. Business Overview & Revenue Model

Company Description

Base Carbon Inc. engages in the business of providing capital, development expertise, and management operating resources to projects involved primarily in voluntary carbon markets and the broader ESG economy. Base Carbon Corp. is based in Toronto, Canada.

How the Company Makes Money

Base Carbon generates revenue primarily through the sale of carbon credits and offsets, which are purchased by businesses looking to comply with regulatory requirements or enhance their sustainability initiatives. The company also earns income through consulting services that help organizations develop and implement effective carbon reduction strategies. Additionally, Base Carbon may engage in partnerships with governments, NGOs, and private enterprises to create carbon trading platforms or joint ventures that capitalize on carbon market opportunities. These partnerships can enhance their market reach and provide access to new customer segments, contributing significantly to their revenue streams.

Base Carbon, Inc. Financial Statement Overview

Summary

Base Carbon, Inc. exhibits a promising growth trajectory with a significant increase in revenue. Despite a strong gross profit margin, the company faces challenges in profitability with a negative net profit margin and EBITDA. The balance sheet indicates financial stability with a strong equity ratio and minimal leverage, but negative return on equity due to net losses. Cash flow has improved with positive free cash flow, but consistency is needed to establish financial health.

Income Statement

Base Carbon, Inc. shows significant volatility in its income statement. The company experienced a drastic increase in revenue from $0 in 2021 to $28.2 million in 2024, a positive growth trajectory. However, the net profit margin is negative, with a net loss in 2024, indicating profitability challenges. The gross profit margin is strong at 86.4% in 2024, suggesting efficient cost management, but negative EBITDA highlights operational inefficiencies.

Balance Sheet

The balance sheet reflects a solid equity base with an equity ratio of 91.9% in 2024, indicating financial stability and low leverage. The debt-to-equity ratio remains exceptionally low, signaling minimal leverage risk. However, the return on equity is negative due to the net loss, highlighting profitability concerns despite strong equity.

Cash Flow

The cash flow statement reveals a substantial improvement in free cash flow, turning positive in 2024 from negative in previous years, showcasing improved cash management. The operating cash flow to net income ratio is favorable due to positive operating cash flow, but the overall cash flow stability is hindered by prior negative trends and fluctuations in financing activities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.22M	6.42M	0.00	0.00
Gross Profit	24.38M	4.20M	-1.63M	-46.55K
EBITDA	-26.62M	104.29M	-6.76M	0.00
Net Income	-28.91M	98.27M	-15.47M	-1.53M
Balance Sheet
Total Assets	112.07M	141.24M	44.09M	―
Cash, Cash Equivalents and Short-Term Investments	23.66M	1.40M	12.94M	―
Total Debt	63.22K	110.17K	0.00	0.00
Total Liabilities	9.06M	6.55M	233.53K	48.94K
Stockholders Equity	103.01M	134.69M	37.66M	―
Cash Flow
Free Cash Flow	16.43M	-8.02M	-29.57M	-922.85K
Operating Cash Flow	16.43M	-7.86M	-29.56M	-922.85K
Investing Cash Flow	-88.12K	-1.78M	-6.00M	-5.13M
Financing Cash Flow	-2.94M	-1.89M	3.57M	53.23M

Base Carbon, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BCBN	―	―	―	-14.43%	―	―	-2.42%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GIP	―	C$66.25M	-3.18	-25.34%	―	-15.02%	-20.61%
ECM	―	C$46.49M	-23.56	-134.39%	―	114.81%	71.94%
LCE	―	C$50.41M	-19.43	-4.45%	―	―	25.24%

Base Carbon, Inc. Corporate Events

Base Carbon’s Rwanda Cookstoves Project Gains CORSIA Approval

Base Carbon Inc. announced that its Rwanda Cookstoves project has been approved by Verra to use the CORSIA-compliant VM0050 methodology, marking a significant milestone in the company’s operations. This approval allows Base Carbon to requantify its carbon credits, aligning them with CORSIA standards, which are expected to meet the rising demand from international airlines for carbon offsetting. The company anticipates that this transition will enhance the value of its carbon credit inventory, positioning it strategically in a market characterized by scarcity and increasing demand, thus benefiting shareholders through potential premium pricing.

Base Carbon Expands India Reforestation Project with New Options

Base Carbon Inc. has acquired additional expansion options for its India Afforestation, Reforestation, and Revegetation Project, allowing for the planting of 20 million more trees and the purchase of associated carbon credits. This expansion, facilitated by a partnership with Value Network Ventures, aligns with Base Carbon’s strategy to enhance project returns and support local communities in Uttar Pradesh through sustainable development and income opportunities.

Base Carbon Inc. Reports Strong Q2 2025 Results with Strategic Advances in Carbon Credit Projects

Base Carbon Inc. reported its second-quarter 2025 financial results, highlighting a fifth consecutive quarter of carbon credit sales revenue, with significant proceeds from the Vietnam cookstove project. The company increased its carbon credit inventory with new credits from the Rwanda project and is actively engaging in revenue-sharing arrangements with local partners. Base Carbon’s financial position remains strong, with total assets of $111 million and a continued focus on carbon credit investments. The company’s strategic moves, including the application of new methodologies to its projects, position it well within the carbon credit market, potentially enhancing its operational efficiency and market reach.