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Financial statements

Smart Logistics Global Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Smart Logistics Global 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

FY2025
Revenue89.9
Cost of revenue85.7
Gross profit4.2
Selling and marketing4.6
General and administrative1.62
Operating income-2.03
Other non-operating income-0.18
Pre-tax income-2.21
Income tax0.39
Net income-2.6
EBITDA-1.81
EPS, basic-0.06
EPS, diluted-0.06
Shares, basic (weighted)40.4
Shares, diluted (weighted)40.4

Balance sheet

FY2025
Cash and equivalents0.45
Receivables1.01
Inventory0.02
Other current assets10.2
Total current assets18.5
Property, plant and equipment5.51
Lease right-of-use assets0.02
Intangible assets1.16
Other non-current assets2.83
Total assets28.2
Accounts payable0.22
Accrued liabilities0.21
Deferred revenue0.04
Total current liabilities7.94
Other non-current liabilities0.79
Total liabilities8.74
Paid-in capital6.81
Retained earnings10.9
Other comprehensive income-1.7
Shareholders' equity19.5
Total equity19.5
Total liabilities and equity28.2
Shares outstanding43

Cash flow statement

FY2025
Net income-2.6
Depreciation and amortization0.22
Stock-based compensation3.86
Deferred income tax-0.64
Change in receivables1.24
Change in inventory0.03
Change in payables-1.15
Cash from operations-5.81
Capital expenditures-0.04
Cash from investing-0.04
Cash from financing4.78
Exchange rate effect0.02
Net change in cash-1.05
Free cash flow-5.86
Interest paid0.17
Income taxes paid0.93

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.30 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin4.7%Gross profit / revenue.
Operating margin-2.3%Operating income / revenue.
EBITDA margin-2.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-2.5%Pre-tax income / revenue.
Net margin-2.9%Net income / revenue.
FCF margin-6.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-6.5%Cash from operations / revenue.
Return on equity (ROE)-13.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-9.2%Net income / average total assets.
Return on invested capital (ROIC)-8.4%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%.
Stock-based pay / revenue4.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.0%Capital expenditures / revenue.
D&A / revenue0.2%Depreciation and amortization / revenue.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.33xCurrent assets / current liabilities.
Quick ratio0.18x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Liabilities / assets31.0%Total liabilities / total assets.
Working capital$10.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets4.1%(Goodwill + intangible assets) / total assets.
Tangible book value$18.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover3.19xRevenue / average total assets.
Fixed asset turnover16.3xRevenue / average property, plant and equipment.
Inventory turnover5,533xCost of revenue / average inventory.
Days inventory0 days365 x average inventory / cost of revenue.
Receivables turnover88.9xRevenue / average receivables.
Days sales outstanding4 days365 x average receivables / revenue.
Days payables1 days365 x average accounts payable / cost of revenue.
Cash conversion cycle3 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.06Net 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-$0.06Net income per basic share, as reported (split-adjusted).
Revenue per share$2.23Revenue / diluted weighted shares.
FCF per share-$0.15Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.14Cash from operations / diluted weighted shares.
Book value per share$0.45Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.43Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$12.9MShare price x shares outstanding.
Enterprise value$12.4MMarket cap + total debt - cash - short-term investments.
P/S0.14xMarket cap / revenue.
P/B0.66xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.70xMarket cap / tangible book value, when positive.
EV/Sales0.14xEnterprise value / revenue.
FCF yield-45.6%Free cash flow / market cap.
Earnings yield-20.2%Net income / market cap (the inverse of P/E).
What was Smart Logistics Global Ltd's revenue in fiscal 2025?

Smart Logistics Global Ltd reported revenue of $89.9M for fiscal 2025.

Was Smart Logistics Global Ltd profitable in fiscal 2025?

No. It reported a net loss of $2.6M.

How much free cash flow did Smart Logistics Global Ltd generate in fiscal 2025?

Cash from operations of $5.8M minus capital expenditures of $42.6K left free cash flow of -$5.9M.

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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