Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data UTime 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
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
37.6
43.4
29.2
24.3
34.6
28.5
Cost of revenue
34.8
41.2
24.8
23
33.6
28.2
Gross profit
2.76
2.17
4.38
1.25
0.98
0.29
General and administrative
3.91
6.22
16.1
5.74
19
3.65
Operating expenses
4.98
7.61
16.6
5.5
92.6
3.45
Operating income
-2.21
-5.44
-12.2
-4.25
-91.6
-3.17
Interest expense
0.38
0.77
0.9
0.51
0.54
0.87
Pre-tax income
-2.59
-6.2
-13.1
-4.76
-92.1
-4.04
Income tax
-0.06
-0.01
-0.03
-0.02
-0.01
Income from continuing operations
-4.73
-92.1
-4.04
Net income to minority interests
-0.08
0.35
-0.19
Net income
-2.53
-6.12
-12.8
-8.58
-92.3
-4.04
EBITDA
-1.61
-4.75
-11.4
-3.3
-90.8
-2.37
EPS, basic
-0.56
-0.75
-1.14
EPS, diluted
-0.56
-0.75
-1.14
Shares, basic (weighted)
4.52
8.16
0.05
1.66
3.6
Shares, diluted (weighted)
4.52
8.16
0.05
0
0
0.06
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
1.44
9.78
10.2
10.8
15.1
38
Receivables
2.67
3.53
7.61
4.26
0.27
Inventory
4.83
5.68
2.35
1.65
0.88
0.56
Other current assets
9.91
10.4
34.5
64.5
6.28
15.4
Total current assets
19.9
30.4
34.5
81.5
22.3
59.4
Property, plant and equipment
5.43
6.03
8.94
7.64
5.46
4.96
Lease right-of-use assets
0.22
2.57
1.9
1.38
0.24
0.13
Intangible assets
0.35
0.41
0.24
0.09
0.03
0.03
Other non-current assets
0.51
0.09
0.02
Total assets
26.4
39.5
45.6
91.6
28.4
64.8
Accounts payable
7.48
11.7
18.4
15
19.1
14.7
Short-term debt
0.85
0.13
0.16
8.03
7.94
8.39
Total current liabilities
22.5
25.7
35.8
38.5
46
42
Long-term debt
0.83
0.72
Lease liabilities
0.04
2.29
1.58
Other non-current liabilities
1.91
Total liabilities
22.6
29.3
39.6
40.5
47.4
44.8
Total debt
0.85
0.13
0.16
0.83
0.72
Paid-in capital
11.1
24
31.5
80.8
101
175
Retained earnings
-7.52
-13.9
-25.6
-29.4
-121
-131
Other comprehensive income
0.21
0.16
0.5
0.38
1.83
-0.8
Shareholders' equity
3.83
10.2
6.41
51.8
-18.3
20.7
Minority interests
-0.08
-0.49
-0.73
-0.72
-0.75
Total equity
3.83
10.2
5.93
51.1
-19
20
Total liabilities and equity
26.4
39.5
45.6
91.6
28.4
64.8
Shares outstanding
4.52
8.27
13.6
1.57
3.6
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
-2.53
-6.2
-13.1
-8.77
-92.3
-4.04
Depreciation and amortization
0.6
0.68
0.84
0.95
0.78
0.79
Stock-based compensation
9.26
1.25
15.3
Deferred income tax
-0.03
-0.02
Change in receivables
3.27
-0.9
-4.01
0.58
-3.08
2.2
Change in inventory
-1.66
-0.73
3
0.63
-0.71
0.95
Change in payables
-1.51
4.3
-1.5
4.47
-5.42
Cash from operations
-0.39
-3.29
-2.2
-53
-4.37
-21.2
Capital expenditures
-0.92
-0.38
-0.14
-0.01
Acquisitions
0
Cash from investing
-0.34
-0.92
-0.42
0.78
-0.01
Debt issued
1.42
Debt repaid
-0.18
-1.12
Stock issued
49.3
6.53
46.7
Cash from financing
2.13
13.7
2.66
52.5
7.16
45.1
Exchange rate effect
-0.13
-0.39
0.73
0.46
1.39
-0.98
Net change in cash
1.28
9.09
0.76
0.67
4.17
22.9
Free cash flow
-4.21
-2.58
-53.2
-21.2
Interest paid
0.38
0.74
0.89
0.51
0.47
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $9.97 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
1.0%
Gross profit / revenue.
Operating margin
-11.1%
Operating income / revenue.
EBITDA margin
-8.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-14.2%
Pre-tax income / revenue.
Net margin
-14.2%
Net income / revenue.
FCF margin
-74.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-74.5%
Cash from operations / revenue.
Return on equity (ROE)
-328.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-8.7%
Net income / average total assets.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
2.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-17.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-0.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-5.4%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-70.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-59.8%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
-36.5%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value CAGR, 3y
47.9%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
40.2%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
128.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
12.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
19.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
7,709.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
1.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-58.4%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.41x
Current assets / current liabilities.
Quick ratio
0.91x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.90x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.03x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
1.1%
Total debt / total assets.
Liabilities / assets
69.2%
Total liabilities / total assets.
Net debt
-$37.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Market cap + total debt - cash - short-term investments.
P/S
9.20x
Market cap / revenue.
P/B
12.6x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
12.6x
Market cap / tangible book value, when positive.
EV/Sales
7.89x
Enterprise value / revenue.
FCF yield
-8.1%
Free cash flow / market cap.
Earnings yield
-1.5%
Net income / market cap (the inverse of P/E).
What was UTime Ltd's revenue in fiscal 2026?
UTime Ltd reported revenue of $28.5M for fiscal 2026, 17.7% lower than the year before.
Was UTime Ltd profitable in fiscal 2026?
No. It reported a net loss of $4.0M.
How much free cash flow did UTime Ltd generate in fiscal 2026?
Cash from operations of $21.2M minus capital expenditures of $6.0K left free cash flow of -$21.2M.
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.