0001213900-26-015723
SEC filingGolden Sun Education Group Limited (GSUN) reported FY 2025 results with revenues of $35.5M, up slightly from prior periods though exact YoY not disclosed. Gross profit stood at $802K on a thin gross margin amid $34.7M cost of revenues. The company posted a net loss of -$5.2M, including -$6.0M from continuing operations offset partially by $717K from discontinued operations. Loss from operations was -$2.1M driven by $2.9M total operating expenses, primarily $2.7M in general and administrative costs. Key other income items included $7.4M gain from change in fair value of warrants liabilities and $4.6M gain from disposal of subsidiaries, though offset by -$536K change in convertible note fair value and $340K interest expense, resulting in total other expense of -$3.9M. Balance sheet shows total assets of $24.0M, with $12.7M current assets including $775K cash, against $15.1M liabilities, yielding $8.8M total equity. Cash flows reflected -$9.3M used in operations, $165K provided by investing (mainly subsidiary disposal), and $9.0M from financing (bank loans and convertible notes), netting a $64K decrease in cash. EPS was -$2 per share. These results highlight ongoing losses but non-cash gains and financing support liquidity amid restructuring via subsidiary disposals.
Golden Sun Education Group Limited reported FY 2025 ending September 30, 2025, with revenues of $35.5M and cost of revenues $34.7M, yielding gross profit of $802K. Total operating expenses were $2.9M (selling $196K, G&A $2.7M), resulting in loss from operations of -$2.1M. Other items included interest expense net $340K, change in fair value of convertible note -$536K, warrants liabilities gain $7.4M, gain from disposal of subsidiaries $4.6M, investment loss -$13K, and other expense net -$150K, for total other expense net -$3.9M. Loss before taxes was -$6.0M, income tax benefit -$4K, net loss from continuing operations -$6.0M. Discontinued operations contributed net income $717K, for consolidated net loss -$5.2M. Net loss attributable to the Company was -$5.1M. Comprehensive loss attributable to the Company was -$4.4M after $728K foreign currency translation adjustments. No prior year figures disclosed for direct comparison. EPS from continuing operations -$2, discontinued $0, total -$2 on 2.8M weighted average shares basic and diluted. (152 words)
Revenues totaled $35.5M for FY 2025. No segment breakdown, geographic mix, or growth drivers disclosed in the filing. Gross profit was $802K after $34.7M cost of revenues. No prior period revenue figures provided for YoY analysis. Contract assets noted at $34K, deferred revenue $4.5M, and refund liabilities $82K on balance sheet, but no detailed revenue recognition or driver discussion available. Accounts receivable net $2.2M supports ongoing operations. (98 words)
Gross margin calculated as $802K / $35.5M ≈ 2.3%, reflecting high cost of revenues at 97.7% of sales. Operating margin was -5.9% (-$2.1M loss from operations / $35.5M revenue). Profitability pressured by $2.9M operating expenses (8.2% of revenue), dominated by $2.7M G&A. Non-operating items volatile with $7.4M warrants gain offset by convertible note loss and interest. Net margin -14.6% (-$5.2M / $35.5M). No margin trends or cost structure changes vs. prior periods disclosed. Share-based compensation $1.8M noted in cash flow adjustments. (112 words)
Net cash used in operating activities was -$9.3M (-$7.6M continuing, -$1.7M discontinued), adjusted from -$5.2M net loss by $7.4M warrants change, $4.6M subsidiary gain, $1.8M share comp, and working capital shifts like $7.1M prepayments recovery. Investing provided $165K (continuing), mainly $624K subsidiary disposal. Financing generated $9.0M ($6.5M continuing) from $5.0M convertible notes/warrants, $7.6M long-term loans (net of repayments), and related/third-party advances. Net cash decrease -$64K; ending cash $775K. Balance sheet: total assets $24.0M ($12.7M current), liabilities $15.1M ($10.6M current), equity $8.8M. Debt includes $3.5M bank loans, related party $1.1M due to. Liquidity supported by $12.7M current assets vs. $10.6M current liabilities. (148 words)
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content. Note 19 references commitments and contingencies, but details unavailable. Disposal of subsidiaries and convertible note/warrants activity suggest restructuring efforts. (48 words)