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Financial statements

Jiuzi Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Jiuzi Holdings, Inc. 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

FY2019FY2021FY2021FY2022FY2023FY2024FY2024FY2025
Revenue7.988.219.295.925.931.41.42.88
Cost of revenue3.122.194.856.324.591.332.86
Gross profit4.866.024.43-0.391.340.070.02
Selling and marketing0.040.030.020.011.6700.01
General and administrative1.11.312.93.22.791.341.34
Operating expenses3.24.4655.710
Operating income3.724.371.12-3.2-4.46-55.7-10
Interest expense00-01.340.310.110.11
Interest income00000
Other non-operating income0.030.030.02-1.34-0.31-0.11-0.17
Pre-tax income1.14-4.54-4.77-55.8-10.2
Income tax0.54-00.07
Income from continuing operations0.6-4.54-4.77-55.8-10.2
Net income to minority interests-0.03-0.03-0.04-0.03
Net income3.213.420.78-16.8-9.39-59.1-10.2
EBITDA3.734.391.18-2.99-4.39-9.96
EPS, basic2,141.002,238.00389.19-547.64-2.31
EPS, diluted2,141.002,238.00389.19-6,419.00-1,201.00-264.18-29.38
Shares, basic (weighted)0000.034.07
Shares, diluted (weighted)00000.010.220.35

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2024FY2025
Cash and equivalents0.767.281.960.670.944.57
Short-term investments1.180.83
Receivables0.010.010.040.010.280.81
Inventory0.150.270.630.96
Other current assets0.241.289.250.05
Total current assets6.4722.212.210.510.616.6
Property, plant and equipment0.10.370.640.340.06
Lease right-of-use assets0.850.730.540.57
Intangible assets0.020.020.010.01
Other non-current assets00.560.030.03
Total assets11.928.215.311.410.617.2
Accounts payable00.020.190.8
Accrued liabilities3.688.62
Deferred revenue0.120.111.341.050.03
Total current liabilities3.694.028.336.732.22.86
Lease liabilities0.540.390.190.27
Total liabilities3.695.829.247.092.23.13
Total debt1.171.952.082.07
Paid-in capital0.3113.215.523.586.2102
Retained earnings6.857.46-9.34-18.7-77.8-88
Other comprehensive income-0.060.54-1.07-1.48-0.87-0.98
Shareholders' equity7.822.15.944.238.4214.1
Minority interests0.410.260.140.07
Total equity4.668.2222.36.084.38.4214.1
Total liabilities and equity11.928.215.311.410.617.2
Shares outstanding00.050.030.310.281.26

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2024FY2025
Net income3.213.420.6-16.8-9.39-59.1-10.2
Depreciation and amortization0.010.020.060.210.080.06
Stock-based compensation0.061.7212.4
Change in receivables-0.030.040.01-0.040.03-0.29-0.59
Change in inventory0.10.07-0.1-0.44-0.39
Cash from operations-1.080.52-4.81-8.87-5.48-50.6-1.01
Capital expenditures-0.01-0.03-0.31-0.02-0.07
Purchases of investments-1.18
Cash from investing-0.01-0.03-1.490.241.28-0.09-0.07
Stock issued0.220.0112.8-0.123.5750.44.92
Cash from financing0.39-0.1612.83.633.1951.24.7
Exchange rate effect-0.01-00.060.01-0.18-0.60
Net change in cash-0.710.326.55-5.01-1.010.463.62
Free cash flow-1.090.49-5.12-8.89-1.08
Interest paid00
Income taxes paid0.240.07

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.13 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin0.7%Gross profit / revenue.
Operating margin-347.5%Operating income / revenue.
EBITDA margin-345.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-353.5%Pre-tax income / revenue.
Net margin-353.5%Net income / revenue.
FCF margin-37.4%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-35.1%Cash from operations / revenue.
Return on equity (ROE)-90.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-73.3%Net income / average total assets.
Return on invested capital (ROIC)-93.3%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%.
Capex / revenue2.3%Capital expenditures / revenue.
D&A / revenue2.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y105.9%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-72.2%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y67.0%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y61.8%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y55.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio5.79xCurrent assets / current liabilities.
Quick ratio1.88x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.60x(Cash + short-term investments) / current liabilities.
Liabilities / assets18.2%Total liabilities / total assets.
Interest coverage-93.3xOperating income / interest expense.
Working capital$13.7MCurrent assets - current liabilities.
Tangible book value$14.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.21xRevenue / average total assets.
Fixed asset turnover49.5xRevenue / average property, plant and equipment.
Receivables turnover5.32xRevenue / average receivables.
Days sales outstanding69 days365 x average receivables / revenue.
Days payables63 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$29.38Net 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.
Revenue per share$8.31Revenue / diluted weighted shares.
FCF per share-$3.11Free cash flow / diluted weighted shares.
Operating cash flow per share-$2.92Cash from operations / diluted weighted shares.
Book value per share$11.19Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$11.19Tangible book value / shares outstanding.
Cash per share$3.64(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$579.4KShare price x shares outstanding.
Enterprise value-$4.0MMarket cap + total debt - cash - short-term investments.
P/S0.20xMarket cap / revenue.
P/B0.04xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.04xMarket cap / tangible book value, when positive.
FCF yield-186.1%Free cash flow / market cap.
Earnings yield-1,759.0%Net income / market cap (the inverse of P/E).
What was Jiuzi Holdings, Inc.'s revenue in fiscal 2025?

Jiuzi Holdings, Inc. reported revenue of $2.9M for fiscal 2025, 105.9% higher than the year before.

Was Jiuzi Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $10.2M.

How much free cash flow did Jiuzi Holdings, Inc. generate in fiscal 2025?

Cash from operations of $1.0M minus capital expenditures of $66.5K left free cash flow of -$1.1M.

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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