Ostin Technology Group Co., Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Ostin Technology Group Co., 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

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	140	168	105	57.5	32.5	39.7
Cost of revenue	128	150	92.8	55.5	30.8	37.1
Gross profit	11.6	17.4	12.6	2.05	1.69	2.54
Research and development	2.83	5.71	2.52	2.78	1.7	2.53
Selling and marketing	2.17	3.97	2.79	2.39	2.05	2.22
General and administrative	3.12	4.99	7.65	7.34	7.57	6.99
Operating expenses	8.12	14.1	12.2	12.3	11.2	11.6
Operating income	3.46	3.22	0.45	-10.3	-9.53	-9.08
Interest expense		0.13	0.07	0.01	0.06	0.14
Other non-operating income	-0.76	0.02	-0.01	-0.53	-0.64	-1.22
Pre-tax income	2.7	3.24	0.44	-10.8	-10.2	-10.3
Income tax	-0.13	-0.06	0.33	0.23	0.02	0.02
Net income to minority interests	-0.12	0.2	-0.09	-0.07	-0.13	-0.3
Net income	2.83	3.3	0.11	-10.9	-10.1	-10
EBITDA	4.54	5.06	2.76	-7.82	-5.8	-6.78
EPS, basic	57.70	64.11	4.27	-196.59	-168.50	-4.38
EPS, diluted	57.69	64.11	4.27	-196.59	-168.50	-4.38
Shares, basic (weighted)	0.05	0.05	0.05	0.06	0.06	2.29
Shares, diluted (weighted)	0.05	0.05	0.05	0.06	0.06	2.29

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	5.36	0.68	3.66	0.85	1.02	5.07
Receivables		0.1	6.27	6.48	3.92	3.52
Inventory		18.7	15.4	14.4	11.1	6.35
Other current assets		1.43	0.21	0.22	1.03	0.53
Total current assets		54.2	31.9	24.4	20.8	18.4
Property, plant and equipment		19.4	19.4	25.1	24.5	29.7
Lease right-of-use assets		0.11	0.01	0.14	0.01
Intangible assets		0.13	2.97	4.98	4.26	3.58
Long-term investments			0.21	0.21
Other non-current assets			0.82	0.25
Total assets		76	57.2	56.5	51.1	53.2
Accounts payable		17.6	6.28	10.8	6.34	8.07
Short-term debt		32.4	21	23.9	25	23.2
Total current liabilities		60.6	31.6	40.5	41	39.7
Lease liabilities		0.01		0.01
Other non-current liabilities		0.19
Total liabilities		60.8	31.6	42.5	43.2	42.3
Total debt		0.19		1.64	1.71	2.39
Paid-in capital		10.9	23.3	23.3	24.5	36.1
Retained earnings		2.75	2.48	-8.47	-18.5	-28.5
Other comprehensive income		-0.32	-1.9	-2.33	-2.24	-2.23
Shareholders' equity		14.3	25.3	14	5.19	7
Minority interests		0.88	0.29	0.13	2.69	3.96
Total equity	11.3	15.2	25.6	14.1	7.89	11
Total liabilities and equity		76	57.2	56.5	51.1	53.2
Shares outstanding		0.05	0.56	14

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	2.83	3.3	0.11	-11	-10.2	-10.3
Depreciation and amortization	1.08	1.84	2.31	2.44	3.73	2.29
Deferred income tax	-0.3	0.21	0.21	0.58	-0.01	-0.01
Change in receivables	-6.71	-15.2	18.4	-0.4	1.81	0.2
Change in inventory	-5.75	-0.56	1.6	0.3	3.53	3.48
Change in payables	11.5	-6.78	-10.5	0.26	-4.18	1.8
Cash from operations	7.72	-17.7	9.7	-2.59	-4.94	0.09
Capital expenditures	-3.7	-6.21	-5.12	-4.48	-2.42	-7.2
Cash from investing	-5.18	-5.2	-6.88	-6.99	-1.39	-7.29
Debt repaid						-0.89
Stock issued	0.1		12.4		2.48	1.66
Cash from financing	0.21	18.6	0.01	7.72	6.75	10.9
Exchange rate effect	0.13	-0.38	0.29	-0.79	-0.23	0.3
Net change in cash	2.89	-4.68	3.12	-2.65	0.18	4.05
Free cash flow	4.02	-23.9	4.58	-7.08	-7.36	-7.12
Interest paid	0.53	0.75	1.01	1.01	1.2	1.56
Income taxes paid	0.27	0.37	0.24	-0.08	0	0

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.70 on July 7, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	6.4%	Gross profit / revenue.
Operating margin	-22.9%	Operating income / revenue.
EBITDA margin	-17.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-25.9%	Pre-tax income / revenue.
Net margin	-25.2%	Net income / revenue.
FCF margin	-17.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	0.2%	Cash from operations / revenue.
Return on equity (ROE)	-164.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-19.2%	Net income / average total assets.
Return on invested capital (ROIC)	-140.7%	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	6.4%	Research and development expense / revenue.
Capex / revenue	18.2%	Capital expenditures / revenue.
D&A / revenue	5.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	22.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-27.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-22.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	50.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-41.4%	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	-26.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y	-79.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-59.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	34.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-34.9%	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	4.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.4%	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	3,725.0%	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	265.4%	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	117.1%	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	0.46x	Current assets / current liabilities.
Quick ratio	0.22x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.13x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.34x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	4.5%	Total debt / total assets.
Liabilities / assets	79.4%	Total liabilities / total assets.
Net debt	-$2.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	-64.0x	Operating income / interest expense.
Working capital	-$21.4M	Current assets - current liabilities.
Goodwill and intangibles / assets	6.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$3.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.76x	Revenue / average total assets.
Fixed asset turnover	1.46x	Revenue / average property, plant and equipment.
Inventory turnover	4.25x	Cost of revenue / average inventory.
Days inventory	86 days	365 x average inventory / cost of revenue.
Receivables turnover	10.7x	Revenue / average receivables.
Days sales outstanding	34 days	365 x average receivables / revenue.
Days payables	71 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	49 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	8,449.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$4.38	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	-$4.38	Net income per basic share, as reported (split-adjusted).
Revenue per share	$17.36	Revenue / diluted weighted shares.
FCF per share	-$3.11	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.04	Cash from operations / diluted weighted shares.
Book value per share	$3.06	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.50	Tangible book value / shares outstanding.
Cash per share	$2.22	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$23.7M	Share price x shares outstanding.
Enterprise value	$21.1M	Market cap + total debt - cash - short-term investments.
P/S	0.60x	Market cap / revenue.
P/B	3.39x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	6.94x	Market cap / tangible book value, when positive.
P/OCF	278x	Market cap / cash from operations, when positive.
EV/Sales	0.53x	Enterprise value / revenue.
FCF yield	-30.0%	Free cash flow / market cap.
Earnings yield	-42.2%	Net income / market cap (the inverse of P/E).

What was Ostin Technology Group Co., Ltd.'s revenue in fiscal 2025?

Ostin Technology Group Co., Ltd. reported revenue of $39.7M for fiscal 2025, 22.2% higher than the year before.

Was Ostin Technology Group Co., Ltd. profitable in fiscal 2025?

No. It reported a net loss of $10.0M.

How much free cash flow did Ostin Technology Group Co., Ltd. generate in fiscal 2025?

Cash from operations of $85.2K minus capital expenditures of $7.2M left free cash flow of -$7.1M.

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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