GOLDEN HEAVEN GROUP HOLDINGS LTD. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data GOLDEN HEAVEN GROUP HOLDINGS 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
FY2023
FY2023
FY2024
FY2025
Revenue
38.5
41.8
31.8
22.3
15.3
Cost of revenue
11.7
11.6
12.5
12.3
7.62
Gross profit
26.8
30.2
19.3
10
7.67
General and administrative
2.51
4.07
4.9
6.36
13
Operating expenses
8.11
8.97
8.59
10
14.5
Operating income
18.7
21.2
10.7
-0.02
-6.8
Interest expense
0
0.01
0.01
Interest income
0.06
0.04
0.07
0.01
0.04
Other non-operating income
-0.41
-0.52
0.06
0.34
-0.15
Pre-tax income
18.3
20.7
10.8
0.32
-6.94
Income tax
4.73
6.34
4.24
2.12
1.65
Net income
13.6
14.3
6.55
-1.8
-8.59
EBITDA
22
24.4
14.1
3.66
-3.56
EPS, basic
2,592.00
5,370.00
2,417.00
-262.73
-10.83
EPS, diluted
2,592.00
5,370.00
2,417.00
-262.73
-10.83
Shares, basic (weighted)
0.01
0
0
0.01
0.79
Shares, diluted (weighted)
0.01
0
0
0.01
0.79
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
12.9
22.4
0.25
19.8
86
Other current assets
1.99
14.4
40.3
23
Total current assets
24.5
14.7
60.6
110
Property, plant and equipment
27.8
32.3
28.6
24.7
Lease right-of-use assets
6.65
6.15
9.26
6.6
Other non-current assets
14.2
29
0.06
0.06
Total assets
73.1
82.2
98.6
191
Accounts payable
4.26
Short-term debt
0.14
Total current liabilities
16.1
14.5
5.82
4.4
Lease liabilities
6.22
5.81
8.77
6.39
Other non-current liabilities
0.28
0.24
0.24
Total liabilities
23.5
21.2
14.8
10.8
Paid-in capital
3.37
9.65
28.7
130
Retained earnings
49.1
55.6
53.7
45.1
Other comprehensive income
-2.87
-4.17
-2.24
-3.14
Shareholders' equity
39.8
49.6
61.1
83.7
181
Total equity
39.8
49.6
61.1
83.7
181
Total liabilities and equity
73.1
82.2
98.6
191
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
13.6
14.3
6.55
-1.8
-8.59
Depreciation and amortization
3.3
3.2
3.37
3.68
3.24
Stock-based compensation
2.28
9.35
Change in payables
-0.87
4.26
-4.26
Cash from operations
-4.96
18.8
-19.3
-3.01
19
Capital expenditures
-0.91
-0.28
-7.91
-0.08
Cash from investing
-0.86
-0.19
-7.91
0.97
-49.8
Stock issued
6.19
20.3
77.6
Cash from financing
0.27
-6.84
5.9
20.3
97.1
Exchange rate effect
0.87
-2.22
-0.84
1.32
-0.15
Net change in cash
-4.68
9.57
-22.2
19.6
66.2
Free cash flow
-5.87
18.5
-27.3
-3.09
Interest paid
0
0.01
0.01
0.01
0.01
Income taxes paid
5.79
4.97
6.3
2.66
1.38
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.17 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
50.2%
Gross profit / revenue.
Operating margin
-44.5%
Operating income / revenue.
EBITDA margin
-23.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-45.4%
Pre-tax income / revenue.
Net margin
-56.2%
Net income / revenue.
Operating cash flow margin
124.0%
Cash from operations / revenue.
Return on equity (ROE)
-6.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-5.9%
Net income / average total assets.
Return on invested capital (ROIC)
-6.8%
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%.
Stock-based pay / revenue
61.2%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
21.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-31.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-28.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-23.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-36.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
-197.1%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
0.2%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
115.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
53.9%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
94.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
37.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
11,509.0%
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
567.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
25.0x
Current assets / current liabilities.
Quick ratio
19.5x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
19.5x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$10.83
Net income per basic share, as reported (split-adjusted).
Revenue per share
$19.26
Revenue / diluted weighted shares.
Operating cash flow per share
$23.88
Cash from operations / diluted weighted shares.
Book value per share
$227.58
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
3.61x
Market cap / revenue.
P/B
0.31x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.31x
Market cap / tangible book value, when positive.
P/OCF
2.91x
Market cap / cash from operations, when positive.
Earnings yield
-15.6%
Net income / market cap (the inverse of P/E).
What was GOLDEN HEAVEN GROUP HOLDINGS LTD.'s revenue in fiscal 2025?
GOLDEN HEAVEN GROUP HOLDINGS LTD. reported revenue of $15.3M for fiscal 2025, 31.5% lower than the year before.
Was GOLDEN HEAVEN GROUP HOLDINGS LTD. profitable in fiscal 2025?
No. It reported a net loss of $8.6M.
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.