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Financial statements

OSR Health, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data OSR Health, 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

FY2022FY2022FY2023FY2024FY2025
Revenue3.532.91
Cost of revenue2.722.31
Gross profit0.810.59
Research and development0.160.32
Selling, general and administrative00.041.8312.518.9
Selling and marketing0
General and administrative1.833.52
Operating income-0-0.04-1.83-11.7-18.3
Interest expense0.050.51
Interest income2.780.020.06
Other non-operating income2.781.41
Pre-tax income0.94-11.9-28.9
Income tax0.54-1.56-1.83
Income from continuing operations-0.04-1.83
Net income to minority interests-9.05
Net income-0-0.040.4-2.41-18
EBITDA-11.7-18.3
EPS, basic0.00-0.090.44-4.79-0.92
EPS, diluted0.00-0.090.44-4.79-0.80
Shares, basic (weighted)0.170.170.872.1619.5
Shares, diluted (weighted)0.170.170.872.1622.6

Balance sheet

FY2022FY2022FY2023FY2024FY2025
Cash and equivalents00.120.020.341.7
Receivables0.90.32
Inventory0.920.2
Other current assets0.010.070.26
Total current assets00.120.022.332.82
Property, plant and equipment00.17
Lease right-of-use assets0.080.06
Goodwill27.824.424.9
Intangible assets148142
Total assets0.711.2336.6175171
Accounts payable00.031.082.88
Accrued liabilities0.460.96
Short-term debt1.142.021.82.32
Total current liabilities0.711.262.043.4617.2
Long-term debt0.5
Lease liabilities0.030.01
Other non-current liabilities00
Total liabilities0.711.264.113244.2
Total debt0.5
Paid-in capital0.020.020163111
Retained earnings-0.03-0.06-3.91-19.2-37.2
Other comprehensive income-0.233.84
Shareholders' equity-0-0.04-3.91-8.33
Minority interests049.4
Total equity-0-0.04153143127
Total liabilities and equity0.711.2336.6175171
Shares outstanding0.190.190.242.1626.6

Cash flow statement

FY2022FY2022FY2023FY2024FY2025
Net income-0-0.040.4-10.3-27.1
Depreciation and amortization0.010.01
Deferred income tax0.340.74
Change in inventory0.310.76
Change in payables00.031.041.8
Cash from operations-0-0-0.82-1.85-4.33
Acquisitions1.22
Purchases of investments-0.18-0.48
Cash from investing-33.80.5-2.64
Debt issued0.24
Stock issued9.164.8
Share buybacks-36-36.2
Cash from financing-0.060.1234.51.188.37
Exchange rate effect-0.04-0.04
Net change in cash-0.060.12-0.11-0.161.4
Interest paid0.050.51
Income taxes paid0.020.010.15

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.23 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin35.3%Gross profit / revenue.
Operating margin-933.7%Operating income / revenue.
EBITDA margin-932.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-974.9%Pre-tax income / revenue.
Net margin-593.2%Net income / revenue.
Operating cash flow margin-398.3%Cash from operations / revenue.
Return on assets (ROA)-6.4%Net income / average total assets.
R&D / revenue21.2%Research and development expense / revenue.
SG&A / revenue969.0%Selling, general and administrative expense / revenue.
D&A / revenue1.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-17.7%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-26.9%Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-2.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y418.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y946.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y411.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.18xCurrent assets / current liabilities.
Quick ratio0.11x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.10x(Cash + short-term investments) / current liabilities.
Debt / assets0.3%Total debt / total assets.
Liabilities / assets25.0%Total liabilities / total assets.
Net debt-$955.6KTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-34.0xOperating income / interest expense.
Working capital-$12.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets98.0%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover12.7xRevenue / average property, plant and equipment.
Inventory turnover1.97xCost of revenue / average inventory.
Days inventory185 days365 x average inventory / cost of revenue.
Receivables turnover9.58xRevenue / average receivables.
Days sales outstanding38 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
Cash per share$0.04(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$7.9MShare price x shares outstanding.
Enterprise value$6.9MMarket cap + total debt - cash - short-term investments.
P/S4.37xMarket cap / revenue.
EV/Sales3.84xEnterprise value / revenue.
Earnings yield-135.8%Net income / market cap (the inverse of P/E).
What was OSR Health, Inc.'s revenue in fiscal 2025?

OSR Health, Inc. reported revenue of $2.9M for fiscal 2025, 17.7% lower than the year before.

Was OSR Health, Inc. profitable in fiscal 2025?

No. It reported a net loss of $18.0M.

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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