VenHub Global, Inc. Common Stock

VenHub Global, Inc. (VHUB) reported total revenue of $864K for FY 2025, ending December 31, 2025, marking its first revenue generation as a development-stage company, up from $0 in FY 2024. Gross profit stood at $281K after $584K cost of goods sold. Operating expenses surged to $39.7M, driven by $37.1M in general and administrative expenses including $31.9M share-based compensation, leading to an operating loss of -$39.4M. Other expenses included $22.3M settlement expense, contributing to a net loss of -$62.4M, or -$2 per basic and diluted share on 37.3M weighted average shares, compared to a FY 2024 net loss of approximately -$9.4M. Balance sheet shows total assets of $3.6M, with cash at $90K and stockholders' deficit of -$10.3M amid $13.9M liabilities. Cash used in operations was -$5.9M, offset by $5.9M from financing including warrant issuance proceeds of $3.5M. The company faces going concern issues with minimal cash and plans to rely on debt/equity financing. Forward-looking, VenHub aims to scale autonomous Smart Stores with over 1,400 pre-orders, but high expenses and losses highlight execution risks.

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