Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data VisionSys AI 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
FY2014
FY2014
FY2015
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
92.9
136
189
295
291
374
358
194
160
0.15
Cost of revenue
29.1
39.1
53.6
169
164
189
153
106
102
0.12
Gross profit
63.8
97.1
136
126
127
186
205
87.9
58
0.03
Research and development
3.81
5.45
8.11
19.1
15.4
16.6
10.4
1.64
2.62
Selling and marketing
30.3
42.6
61.8
161
139
138
93.2
37.8
30.4
General and administrative
16.2
29.9
40.4
104
96.6
89.4
87.6
46.6
94.4
5.75
Operating income
13.5
19.2
25.3
-158
-124
-57.9
13.5
1.9
-69.4
-5.72
Interest income
0.04
0.76
0.96
Other non-operating income
1.29
2.37
1.9
0.04
0.8
0.88
1.64
0.1
0.39
Pre-tax income
16.3
27.1
29.3
-155
-124
-56.8
15.4
2.02
-69
-5.73
Income tax
2.27
2.4
0.64
-5.97
-5.37
17.9
3.02
-1.12
4.31
Net income to minority interests
-0.4
-0.7
-0.19
0.25
Net income
-30.3
24.1
28.7
-149
-117
-74.5
12.1
1.26
-80.4
246
EBITDA
18.1
26.2
34.2
-130
-96.4
-38.3
27.1
8.5
-63.7
-5.17
EPS, basic
-2.77
0.51
0.53
-2.79
-2.16
-1.32
1.11
EPS, diluted
-2.77
0.44
0.49
-2.79
-2.16
-1.32
1.05
Shares, basic (weighted)
10.9
41.2
53.8
53.4
54.3
56.3
54.7
53.9
50
194
Shares, diluted (weighted)
10.9
47.8
58.8
53.4
54.3
57.6
57.7
53.9
50
194
Balance sheet
FY2014
FY2014
FY2015
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
26.1
42.7
79.1
82.4
56.3
61.5
51.7
39.4
6.62
7.86
Receivables
15
23.2
22.6
4.52
5.03
7.6
9.97
Other current assets
0.9
0.75
0.9
19
21.2
21.9
16.1
8.08
0.67
0.24
Total current assets
46.2
181
204
115
82.2
97.2
96.8
79
7.7
7.88
Property, plant and equipment
12.8
13.4
19.7
82.8
71.2
47
17.8
9.31
2.96
Lease right-of-use assets
111
89.9
77.8
50.8
33.4
Goodwill
7.58
8.09
8.28
7.65
6.96
Intangible assets
2.54
2.06
1.55
1.09
0.75
7.35
Long-term investments
9.74
10.4
7.29
6.7
5.9
3.13
Other non-current assets
2.11
4.37
8.18
17.5
14.7
11.9
7.09
4.05
Total assets
73.7
218
255
361
300
258
194
143
13.8
15.2
Accounts payable
0.22
0.32
0.68
2.38
1.58
1.4
0.92
0.7
0.82
Accrued liabilities
6.62
8.44
12.3
57.1
60.1
88.4
87.5
72.8
69.4
Deferred revenue
15.5
19.3
25.3
Short-term debt
30
Total current liabilities
25.3
33.4
47.1
340
409
461
385
340
248
0.55
Lease liabilities
73.1
62.3
42.8
24.5
15.2
12.5
Other non-current liabilities
0.24
1.64
1.44
0.78
0.78
0.75
0.65
0.06
Total liabilities
25.6
35.1
48.6
419
475
508
412
355
261
0.55
Paid-in capital
136
145
185
203
211
198
192
225
261
Retained earnings
-64.9
45.2
74
-184
-314
-396
-353
-342
-413
-185
Treasury stock
-7.74
-69.6
Other comprehensive income
1.63
1.7
-4.91
7.38
7.53
7.64
7.2
6.79
7.43
7.84
Shareholders' equity
-249
-217
-211
-247
14.7
Minority interests
-0.5
-0.1
Total equity
-63.3
183
206
-57.5
-173
-249
-217
-211
-247
14.7
Total liabilities and equity
73.7
218
255
361
300
258
194
143
13.8
15.2
Shares outstanding
52.4
Cash flow statement
FY2014
FY2014
FY2015
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
14
24.7
28.7
-149
-118
-74.7
12.4
1.46
-80.4
246
Depreciation and amortization
4.65
7.08
8.83
28
27.2
19.7
13.6
6.6
5.63
0.55
Stock-based compensation
0.76
4.06
5.29
8.5
5.56
3
2.4
0.39
0.18
Deferred income tax
-1.05
-0.68
-3.47
-6.61
-6.5
15.9
0.13
-1.39
3.84
Change in receivables
1.12
-16.8
-10.7
2.53
-1.19
-3.35
-5.19
Change in inventory
-0.51
0.11
Change in payables
-0.01
-0.05
0.09
0.01
0.13
-0.02
0.14
-0.08
0.98
Cash from operations
29.7
28.5
55.8
-4.56
-16.7
1.35
-3.99
-16.8
-16.6
-26.9
Capital expenditures
-9.11
-7.88
-16.1
-10.9
Purchases of investments
-11.3
-101
-152
Cash from investing
-19.5
-119
-11.6
-7.36
-0.1
5.29
-3.29
10.1
-12.5
-10.9
Stock issued
0.25
3.61
0.48
0.51
0.62
0.02
0.03
0.02
Share buybacks
-7.74
-0.73
-2.48
-0.34
-1.01
Cash from financing
-0.59
106
-4.13
10.7
-10.5
3.65
-0.31
-5.04
1.49
20
Exchange rate effect
-0.01
0.33
-0.2
0.01
13.1
Net change in cash
9.94
16.5
36.5
-1.15
-27.5
10.3
-7.26
-11.8
-27.6
-4.76
Free cash flow
20.6
20.6
39.8
-37.8
Interest paid
0.06
0.76
0.07
0.22
0.09
0.07
Income taxes paid
1.85
0.57
0.36
0.96
0.09
0.1
0.08
0.03
0.12
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.74 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
22.1%
Gross profit / revenue.
Operating margin
-3,837.0%
Operating income / revenue.
EBITDA margin
-3,471.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-3,842.0%
Pre-tax income / revenue.
Net margin
164,964.0%
Net income / revenue.
FCF margin
-25,371.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-18,052.0%
Cash from operations / revenue.
Return on assets (ROA)
1,694.0%
Net income / average total assets.
Capex / revenue
7,319.0%
Capital expenditures / revenue.
D&A / revenue
365.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-99.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-92.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-78.0%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-99.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-94.6%
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
-80.8%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y
172.8%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
10.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-57.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-44.9%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
287.4%
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
49.7%
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
29.0%
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
14.4x
Current assets / current liabilities.
Quick ratio
14.4x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
14.4x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/E
0.03x
Market cap / net income. Only when net income is positive.
P/S
51.4x
Market cap / revenue.
P/B
0.52x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.04x
Market cap / tangible book value, when positive.
FCF yield
-494.0%
Free cash flow / market cap.
Earnings yield
3,212.0%
Net income / market cap (the inverse of P/E).
What was VisionSys AI Inc's revenue in fiscal 2025?
VisionSys AI Inc reported revenue of $149.0K for fiscal 2025, 99.9% lower than the year before.
Was VisionSys AI Inc profitable in fiscal 2025?
Yes. Net income was $245.8M, a net margin of 164,963.8%.
How much free cash flow did VisionSys AI Inc generate in fiscal 2025?
Cash from operations of $26.9M minus capital expenditures of $10.9M left free cash flow of -$37.8M.
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.