Helport AI Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Helport AI 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

	FY2022	FY2024	FY2024	FY2025
Revenue	2.67	12.7	29.6	34.9
Cost of revenue	1.25	4.88	11	15.7
Gross profit	1.42	7.85	18.6	19.1
Research and development		0.38	4.3	6.32
General and administrative	0.34	1.63	4.98	8.91
Operating expenses	0.44	2.05	9.38	16.4
Operating income	0.98	5.79	9.2	2.75
Interest expense				0.02
Other non-operating income			0	-0
Pre-tax income	0.97	5.79	8.97	2.4
Income tax	0.15	0.97	1.6	0.54
Net income	0.82	4.81	7.37	1.86
EPS, basic	0.03	0.16	0.24	0.05
EPS, diluted	0.03	0.16	0.24	0.05
Shares, basic (weighted)	30.1	30.3	30.3	37.4
Shares, diluted (weighted)	30.1	30.3	30.3	37.4

Balance sheet

	FY2022	FY2024	FY2024	FY2025
Cash and equivalents	0.01	0.14	2.58	0.15
Receivables		14.5	21.3	23.5
Other current assets			0.04	0.14
Total current assets		14.7	24.8	23.8
Lease right-of-use assets				0.71
Intangible assets		4.08	2.43	12.7
Long-term investments				0.03
Total assets		18.8	27.2	37.2
Accounts payable		10.2	0.28	3.48
Accrued liabilities			5.26	4.64
Total current liabilities		13.1	14.1	19.1
Lease liabilities				0.63
Total liabilities		13.1	14.1	19.7
Paid-in capital		0.01	0	2.56
Retained earnings		5.68	13	14.9
Other comprehensive income				-0.01
Shareholders' equity	0.87	5.68	13.1	17.5
Total equity	0.87	5.68	13.1	17.5
Total liabilities and equity		18.8	27.2	37.2
Shares outstanding		0	30.3	37.4

Cash flow statement

	FY2022	FY2024	FY2024	FY2025
Net income	0.82	4.81	7.37	1.86
Stock-based compensation				0.58
Deferred income tax				0.55
Change in receivables	-2.46	-12.1	-6.81	-2.15
Change in payables	0.61	2.55	-3.16	3.19
Cash from operations	-0.08	-0.45	5.03	9.07
Cash from investing			-7.41	-14.7
Cash from financing	0.08	0.59	4.77	3.17
Exchange rate effect		-0	0.05	-0.01
Net change in cash	-0	0.13	2.44	-2.43
Interest paid			0.06	0.01
Income taxes paid				1,398,306

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.31 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	54.9%	Gross profit / revenue.
Operating margin	7.9%	Operating income / revenue.
Pre-tax margin	6.9%	Pre-tax income / revenue.
Net margin	5.3%	Net income / revenue.
Operating cash flow margin	26.0%	Cash from operations / revenue.
Effective tax rate	22.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.8%	Net income / average total assets.
Return on invested capital (ROIC)	15.3%	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%.
R&D / revenue	18.1%	Research and development expense / revenue.
Stock-based pay / revenue	1.7%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	17.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	135.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y	2.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	137.9%	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	-70.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	41.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-74.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	31.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-79.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	22.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	80.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	33.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	171.8%	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	36.8%	Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y	23.6%	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	7.5%	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	1.24x	Current assets / current liabilities.
Quick ratio	1.24x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.01x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	53.0%	Total liabilities / total assets.
Interest coverage	164x	Operating income / interest expense.
Working capital	$4.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	34.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.08x	Revenue / average total assets.
Receivables turnover	1.56x	Revenue / average receivables.
Days sales outstanding	234 days	365 x average receivables / revenue.
Days payables	44 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.05	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	$0.05	Net income per basic share, as reported (split-adjusted).
Revenue per share	$0.93	Revenue / diluted weighted shares.
Operating cash flow per share	$0.24	Cash from operations / diluted weighted shares.
Book value per share	$0.47	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$0.13	Tangible book value / shares outstanding.
Cash per share	$0.00	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$11.8M	Share price x shares outstanding.
Enterprise value	$11.7M	Market cap + total debt - cash - short-term investments.
P/E	6.37x	Market cap / net income. Only when net income is positive.
P/S	0.34x	Market cap / revenue.
P/B	0.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.47x	Market cap / tangible book value, when positive.
P/OCF	1.31x	Market cap / cash from operations, when positive.
EV/Sales	0.34x	Enterprise value / revenue.
EV/EBIT	4.26x	Enterprise value / operating income, when both are positive.
Earnings yield	15.7%	Net income / market cap (the inverse of P/E).
PEG	0.29x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Helport AI Ltd's revenue in fiscal 2025?

Helport AI Ltd reported revenue of $34.9M for fiscal 2025, 17.9% higher than the year before.

Was Helport AI Ltd profitable in fiscal 2025?

Yes. Net income was $1.9M, a net margin of 5.3%.

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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