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Financial statements

Raytech Holding Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Raytech Holding 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

FY2024FY2025FY2026
Revenue8.5610.118.2
Selling, general and administrative0.451.312.75
Operating expenses7.119.1415.9
Operating income1.450.982.3
Interest expense00.03
Interest income0.180.410.29
Other non-operating income0.180.370.3
Pre-tax income1.631.352.6
Income tax0.360.290.47
Net income1.271.062.13
EBITDA1.45
EPS, basic0.080.060.92
EPS, diluted0.080.060.92
Shares, basic (weighted)11.092.32
Shares, diluted (weighted)11.092.32

Balance sheet

FY2024FY2025FY2026
Cash and equivalents4.5910.99.95
Receivables1.861.058.64
Inventory0.240.24
Other current assets0
Total current assets6.7512.221.5
Goodwill5.59
Total assets7.4312.227.6
Accounts payable0.090.065.35
Accrued liabilities0.130.230.35
Deferred revenue0.130.060.1
Total current liabilities3.452.39.12
Long-term debt1.86
Total liabilities3.452.311
Paid-in capital0.014.859.39
Retained earnings3.965.047.13
Shareholders' equity3.979.8916.5
Total equity3.979.8916.5
Total liabilities and equity7.4312.227.6
Shares outstanding161.12.72

Cash flow statement

FY2024FY2025FY2026
Net income1.271.062.13
Depreciation and amortization0
Deferred income tax-0
Change in receivables-0.990.81-5.2
Change in inventory-0.24-00.24
Change in payables-0-0.032.36
Cash from operations2.010.8-1.85
Acquisitions-3.53
Cash from investing0.110.02-3.53
Cash from financing-0.275.514.44
Exchange rate effect0-0.01-0.01
Net change in cash1.866.33-0.94
Income taxes paid0.340.210.32

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $2.80 on September 9, 2026.

Profitability

MetricValueHow it is calculated
Operating margin12.6%Operating income / revenue.
Pre-tax margin14.3%Pre-tax income / revenue.
Net margin11.7%Net income / revenue.
Operating cash flow margin-10.2%Cash from operations / revenue.
Effective tax rate18.0%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)16.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)10.7%Net income / average total assets.
Return on invested capital (ROIC)67.9%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%.
SG&A / revenue15.1%Selling, general and administrative expense / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y79.8%Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y133.9%Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y100.3%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y1,433.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-331.5%Operating cash flow 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, 1y125.9%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y113.4%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 ratio2.36xCurrent assets / current liabilities.
Quick ratio2.04x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.09x(Cash + short-term investments) / current liabilities.
Liabilities / assets40.0%Total liabilities / total assets.
Interest coverage74.1xOperating income / interest expense.
Working capital$12.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets20.3%(Goodwill + intangible assets) / total assets.
Tangible book value$10.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.92xRevenue / average total assets.
Receivables turnover3.75xRevenue / average receivables.
Days sales outstanding97 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted$0.92Net 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$0.92Net income per basic share, as reported (split-adjusted).
Revenue per share$7.84Revenue / diluted weighted shares.
Operating cash flow per share-$0.80Cash from operations / diluted weighted shares.
Book value per share$6.06Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$4.01Tangible book value / shares outstanding.
Cash per share$3.65(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$16.4MShare price x shares outstanding.
Enterprise value$6.5MMarket cap + total debt - cash - short-term investments.
P/E7.73xMarket cap / net income. Only when net income is positive.
P/S0.90xMarket cap / revenue.
P/B1.00xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.50xMarket cap / tangible book value, when positive.
EV/Sales0.36xEnterprise value / revenue.
EV/EBIT2.82xEnterprise value / operating income, when both are positive.
Earnings yield12.9%Net income / market cap (the inverse of P/E).
What was Raytech Holding Ltd's revenue in fiscal 2026?

Raytech Holding Ltd reported revenue of $18.2M for fiscal 2026, 79.8% higher than the year before.

Was Raytech Holding Ltd profitable in fiscal 2026?

Yes. Net income was $2.1M, a net margin of 11.7%.

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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