Jayud Global Logistics reported revenue growth and a gross profit recovery in FY2025, driven by higher electronics trading volume and a government-related airline refund; however, operating losses and negative free cash flow persisted amid strategic expansion.
Key takeaways
Gross profit improved to $20.1M from -$11.2M, primarily due to a refund from an airline company tied to government subsidies for charter flight routes.
Operating income narrowed to -$37.7M (27.7% improvement), though operating margin remained negative at -6.3%, consistent with ongoing investment in new logistics infrastructure.
Net income improved to -$35.6M (28.2% improvement), while diluted EPS was -$15.57 — a change attributable to share count increases not quantified in the authoritative financial packet.
Free cash flow was -$41.1M, reflecting continued cash burn from operations and increased capital expenditures of $5.1M to support business growth.
Gross margin improved to 3.4%, reversing prior-year negative performance, as noted in management commentary on supply chain management margin progression.
Full analysis
Revenue Growth Driven by Electronics Trading Volume
Gross Profit Recovery Tied to Government-Related Refund