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Financial statements

Epsium Enterprise Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Epsium Enterprise Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2024FY2024FY2025
Revenue11.229.212.55.12
Cost of revenue9.2523.710.94.36
Gross profit1.925.541.60.75
Selling and marketing0000.01
General and administrative0.681.211.192.12
Operating expenses0.681.211.22.25
Operating income1.244.330.41-1.5
Interest expense0.070.01
Other non-operating income0.07-0.030-0
Pre-tax income1.314.310.41-1.5
Income tax0.180.590.12
Net income to minority interests0.010.040.010
Net income1.123.670.27-1.5
EBITDA1.264.350.42-1.48
EPS, basic0.090.310.02
EPS, diluted0.090.310.02
Shares, basic (weighted)121212
Shares, diluted (weighted)121212

Balance sheet

FY2022FY2024FY2024FY2025
Cash and equivalents0.531.320.151.98
Receivables0.691.170.2
Inventory5.424.645.85
Other current assets001.12
Total current assets10.510.413
Property, plant and equipment0.030.010.080.06
Lease right-of-use assets0.260.240.160.19
Total assets10.810.613.3
Accounts payable1.40.540.28
Accrued liabilities0.050.050.05
Short-term debt0
Total current liabilities2.722.341.77
Lease liabilities0.190.160.080.04
Total liabilities2.882.421.82
Paid-in capital0.330.335.53
Retained earnings7.467.746.24
Treasury stock-0.3
Other comprehensive income-0.010.040.01
Shareholders' equity7.798.1111.5
Minority interests0.080.09
Total equity4.157.878.2111.5
Total liabilities and equity10.810.613.3
Shares outstanding1212

Cash flow statement

FY2022FY2024FY2024FY2025
Net income1.133.720.28-1.5
Depreciation and amortization0.020.020.020.02
Change in receivables0.07-0.44-0.480.96
Change in inventory-1.060.440.81-1.35
Cash from operations1.41.86-1.39-2.38
Capital expenditures-0-0-0.08-0
Cash from investing-0.01-0-0.13-0
Stock issued5.75
Share buybacks-0.3
Cash from financing-1.13-1.070.354.22
Exchange rate effect0-00-0
Net change in cash0.250.79-1.171.83
Free cash flow1.391.86-1.48-2.38
Income taxes paid0.02

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.28 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin14.7%Gross profit / revenue.
Operating margin-29.2%Operating income / revenue.
EBITDA margin-28.8%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-29.2%Pre-tax income / revenue.
Net margin-29.3%Net income / revenue.
FCF margin-46.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-46.5%Cash from operations / revenue.
Return on equity (ROE)-15.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-12.5%Net income / average total assets.
Return on invested capital (ROIC)-13.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue0.1%Capital expenditures / revenue.
D&A / revenue0.4%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-59.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-22.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-53.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-26.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y-466.8%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-448.6%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-644.9%Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y41.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y25.1%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio7.35xCurrent assets / current liabilities.
Quick ratio1.23x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.11x(Cash + short-term investments) / current liabilities.
Liabilities / assets13.7%Total liabilities / total assets.
Working capital$11.3MCurrent assets - current liabilities.
Tangible book value$11.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.43xRevenue / average total assets.
Fixed asset turnover73.2xRevenue / average property, plant and equipment.
Inventory turnover0.83xCost of revenue / average inventory.
Days inventory439 days365 x average inventory / cost of revenue.
Receivables turnover7.47xRevenue / average receivables.
Days sales outstanding49 days365 x average receivables / revenue.
Days payables34 days365 x average accounts payable / cost of revenue.
Cash conversion cycle454 daysDays inventory + days sales outstanding - days payables.

Valuation

MetricValueHow it is calculated
Market cap$17.2MShare price x shares outstanding.
Enterprise value$15.2MMarket cap + total debt - cash - short-term investments.
P/S3.36xMarket cap / revenue.
P/B1.50xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.50xMarket cap / tangible book value, when positive.
EV/Sales2.97xEnterprise value / revenue.
FCF yield-13.9%Free cash flow / market cap.
Earnings yield-8.7%Net income / market cap (the inverse of P/E).
Shareholder yield1.7%(Dividends paid + share buybacks) / market cap.
What was Epsium Enterprise Ltd's revenue in fiscal 2025?

Epsium Enterprise Ltd reported revenue of $5.1M for fiscal 2025, 59.1% lower than the year before.

Was Epsium Enterprise Ltd profitable in fiscal 2025?

No. It reported a net loss of $1.5M.

How much free cash flow did Epsium Enterprise Ltd generate in fiscal 2025?

Cash from operations of $2.4M minus capital expenditures of $4.2K left free cash flow of -$2.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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