CitroTech reports revenue growth to $2.4M in 2025, completes NYSE uplisting

CitroTech Inc. (NYSE AM: CITR) reported revenue of $2.4 million in 2025, compared to $808,000 in 2024, according to a shareholder letter issued by the company.

The Denver-based fire inhibitor manufacturer completed its uplisting to NYSE American in December, becoming one of four companies to transition from over-the-counter trading to the exchange in 2025. The company also completed $8.1 million in Series C financing through preferred equity and convertible instruments.

CitroTech expanded its management team in 2025, adding Andrew Hotsko as chief operating officer in July and Wesley Bolsen as chief executive officer in October. The company added board members Craig Huff from Boltrock Holdings and Lorenzo Calinawan from Chemlink Partners.

The company holds 37 granted patents and has 45 filed or pending patent applications covering fire inhibition technologies and application methods. CitroTech maintains recognition from the U.S. Environmental Protection Agency's Safer Choice program and UL GREENGUARD Gold certification for its fire retardant products.

CitroTech began partnerships with lumber and building materials companies in early 2026 to produce Class A fire-rated wood products using its formulations. The company also continued deploying CitroSafe Systems, which are proactive wildfire defense solutions for residential and commercial properties.

The company cited independent research projecting the global fire-retardant market to reach $13.6 billion by 2034. CitroTech expects revenue growth to accelerate in 2026 as wildfire season intensifies and commercial channels expand.

CitroTech plans to hold its first formal earnings call when reporting first quarter 2026 results in May. The company anticipates increased sales and administrative expenses to support growth initiatives and expand production capabilities.

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