Carbon Streaming (NETZ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 104.00K
• Price to Earnings (P/E): 10.4
• Beta (1Y): N/A
• Revenue Growth: -94.71%
• EPS Growth: 77.30%
• Country: CA
• Employees: 5
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.03
• Shares Outstanding: 48,412,052
• 10 Day Avg. Volume: 104,000
• 30 Day Avg. Volume: 104,000
• PEG Ratio: -0.01
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 39.16
• P/FCF Ratio: -4.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.11
• Revenue Forecast (FY): C$148.45M

• Rating: 37 Underperform
• Price Target: C$0.00 ▼(-100.00% Downside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

The overall stock score is heavily impacted by the company's poor financial performance, with significant revenue declines and losses. Technical analysis indicates a lack of momentum and potential overbought conditions. Valuation metrics are unfavorable due to negative earnings and no dividend yield.

Positive Factors

Business Model Strength

The unique streaming model provides a consistent revenue stream and aligns with growing demand for carbon credits, enhancing long-term revenue potential.

Balance Sheet Health

Low leverage provides financial stability and flexibility, allowing the company to navigate market challenges and invest in growth opportunities.

Cost Reduction Initiatives

Effective cost management enhances cash flow and profitability, supporting long-term financial health and operational efficiency.

Negative Factors

Revenue Decline

Substantial revenue decline challenges the company's ability to maintain profitability and invest in future growth, impacting long-term sustainability.

Cash Flow Issues

Negative cash flows limit the company's ability to fund operations and strategic initiatives, posing risks to financial stability and growth prospects.

Legal and Regulatory Challenges

Ongoing legal disputes create uncertainty and potential financial liabilities, which could affect strategic direction and shareholder value.

Carbon Streaming Business Overview & Revenue Model

Company Description

Carbon Streaming Corporation operates as an environmental, social, and governance principled investment vehicle that provides investors with exposure to carbon credits. The company focuses on acquiring, managing, and growing a diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly, or indirectly with voluntary and/or compliance carbon credits. It invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects. The company was formerly known as Mexivada Mining Corp. and changed its name to Carbon Streaming Corporation in June 2020. Carbon Streaming Corporation was incorporated in 2004 and is headquartered in Toronto, Canada.

How the Company Makes Money

Carbon Streaming generates revenue primarily through its carbon credit streaming agreements. The company enters into contracts with project developers, providing them upfront capital in exchange for a share of the carbon credits generated over the project's lifetime. This model allows Carbon Streaming to earn a consistent stream of income as carbon credits are produced and sold in the carbon markets. Additionally, the company may benefit from partnerships with environmental organizations and corporations looking to fulfill their sustainability goals, enhancing its market reach and credibility. Furthermore, as demand for carbon credits increases due to tightening regulations and corporate commitments to net-zero emissions, Carbon Streaming's revenue potential is bolstered by the rising value of these credits.

Carbon Streaming Financial Statement Overview

Summary

The company is experiencing severe financial difficulties, with a significant decline in revenue and substantial losses impacting profitability. The balance sheet shows low leverage, but the negative return on equity and cash flow issues are concerning.

Income Statement

The company has experienced a significant decline in revenue, with a TTM revenue growth rate of -40.32%. Profitability metrics are concerning, with a negative net profit margin of -249.44% and negative EBIT and EBITDA margins, indicating substantial losses. The gross profit margin is positive but not sufficient to offset the overall losses.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.0023, indicating minimal leverage, which is a positive aspect. However, the return on equity is negative, reflecting the company's inability to generate profit from shareholders' equity. The equity ratio is not explicitly calculated, but the company maintains a strong equity base relative to its assets.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, with a free cash flow growth rate of -17.56%. The operating cash flow to net income ratio is negative, indicating cash flow issues. However, the free cash flow to net income ratio is 1.0, suggesting that all net income is being converted into free cash flow, albeit negative.

Breakdown	TTM	Dec 2024	Mar 2025	Jun 2022	Jun 2021	Jun 2018
Income Statement
Total Revenue	74.00K	640.00K	1.57M	146.94K	0.00	0.00
Gross Profit	2.06M	160.00K	-70.00K	21.13K	0.00	0.00
EBITDA	-16.51M	-65.47M	-57.31M	-20.49M	-5.71M	―
Net Income	-18.15M	-67.37M	-35.50M	-12.90M	-4.60M	―
Balance Sheet
Total Assets	65.30M	48.68M	117.11M	163.47M	109.08M	0.00
Cash, Cash Equivalents and Short-Term Investments	52.32M	37.35M	51.42M	93.24M	108.38M	0.00
Total Debt	91.00K	211.00K	382.00K	0.00	0.00	0.00
Total Liabilities	2.54M	2.27M	4.41M	20.83M	1.04M	306.85K
Stockholders Equity	62.77M	46.42M	112.70M	142.64M	108.04M	-306.85K
Cash Flow
Free Cash Flow	-3.00M	-5.60M	-7.77M	-13.69M	-1.68M	-4.50K
Operating Cash Flow	-3.00M	-5.60M	-7.77M	-13.69M	-1.68M	-4.50K
Investing Cash Flow	-974.72K	-7.97M	-15.26M	-35.40M	-500.00K	0.00
Financing Cash Flow	-201.73K	-186.00K	-184.91K	35.13M	111.14M	-3.02K

Carbon Streaming Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BAM	73 Outperform	C$105.74B	33.39	41.10%	3.37%	597.75%	50.43%
CVG	71 Outperform	C$996.99M	2.39	0.32%	0.14%	-44.78%	-95.84%
PWI	70 Outperform	C$40.71M	―	32.64%	10.21%	818.69%	-12.12%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BN	65 Neutral	$142.26B	77.55	2.78%	0.53%	-19.04%	17.82%
NETZ	37 Underperform	―	10.36	-33.93%	―	-94.71%	77.30%

Carbon Streaming Corporate Events

Carbon Streaming CEO Marin Katusa Boosts Stake to Nearly 12% Through Share Purchases and Warrants

Carbon Streaming Corporation disclosed that its chief executive officer, Marin Katusa, has increased his stake in the company through open market purchases and the exercise of warrants, bringing his ownership to approximately 11.8% of the company’s outstanding common shares, or 13.2% on a partially diluted basis. The acquisition, described as being for investment purposes, signals stronger insider alignment with shareholders and may be viewed as a vote of confidence in the company’s strategy in the carbon credit market, while leaving open the possibility of future changes to Katusa’s holdings depending on market conditions.

Carbon Streaming Reports Strong Q3 2025 Financial Results Amid Strategic Initiatives

Carbon Streaming Corporation reported financial results for Q3 2025, highlighting positive operating cash flow and a strengthened financial position. The company achieved significant cost reductions and cash settlements from carbon credit streaming and royalty agreements. Despite challenging market conditions, Carbon Streaming remains committed to adapting and pursuing opportunities to unlock long-term shareholder value. The company has filed a lawsuit against former executives and board members, aiming to hold them accountable for financial harm. The quarter ended with $37.6 million in cash and no corporate debt, reflecting improved financial health.

Carbon Streaming Strengthens Legal Team with New Appointment

Carbon Streaming Corporation has appointed Jonathan Rubenstein as an expert consultant to provide strategic guidance for significant litigation. With extensive experience in the mining sector, Rubenstein is expected to enhance the company’s advisory team, potentially strengthening its position in handling complex legal matters.

Carbon Streaming CEO Increases Stake with New Share Acquisition

Marin Katusa, CEO of Carbon Streaming Corporation, has acquired 74,500 common shares of the company, increasing his ownership to approximately 8.6% of the total issued shares. This acquisition, made for investment purposes, reflects a strategic move that could influence the company’s market position and stakeholder interests, depending on future market conditions and potential further acquisitions.