Baiya International Group Inc (BIYA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BIYA SEC filings page.
Baiya International Group Inc (BIYA) reported $16.5M in revenue for fiscal year 2025, up 28.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue expanded, but a sharp 2025 operating-cost surge turned near break-even operations into substantial losses funded by financing.
Gross margin recovered to11.5% in FY2025 from6.9% in FY2023. Yet operating margin collapsed from0.5% in FY2024 to-58.1% in FY2025, locating the deterioration below gross profit rather than in reported product-level margins.
Cash conversion reversed: operating cash flow swung from
Financing funded the balance-sheet expansion: FY2025 financing cash flow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Baiya International Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Baiya International Group Inc held $689K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $7.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Baiya International Group Inc scores 5/100 among other emerging companies.
Baiya International Group Inc had 1M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Baiya International Group Inc scores 94/100 among other emerging companies.
Baiya International Group Inc spent $227K on research and development in fiscal year 2025, which was 0.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Baiya International Group Inc scores 8/100 among other emerging companies.
Baiya International Group Inc reported revenue of $16.5M in fiscal year 2025, against $12.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Baiya International Group Inc scores 63/100 among other emerging companies.
Baiya International Group Inc's operations used $7.4M of cash in fiscal year 2025, against $1.6M generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Baiya International Group Inc scores 7/100 among other emerging companies.
Baiya International Group Inc's cash, cash equivalents and investments came to $689K at the end of fiscal year 2025, against $4.8M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Baiya International Group Inc scores 22/100 among other emerging companies.
Baiya International Group Inc scores 0.92, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $9.6M against total assets of $27.8M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Baiya International Group Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Baiya International Group Inc reported a net loss of $9.5M while operations used $7.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Baiya International Group Inc reported an operating loss of $9.6M against $3K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Baiya International Group Inc generated $16.5M in revenue in fiscal year 2025. This represents an increase of 28.6% from the prior year.
Baiya International Group Inc's EBITDA was -$9.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14876.4% from the prior year.
Baiya International Group Inc reported a net loss of $9.5M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Baiya International Group Inc earned -$5.04 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Baiya International Group Inc recorded an outflow of $7.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Baiya International Group Inc held $689K in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Baiya International Group Inc's gross margin was 11.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Baiya International Group Inc's operating margin was -58.1% in fiscal year 2025, reflecting core business profitability. This is down 58.6 percentage points from the prior year.
Baiya International Group Inc's net profit margin was -57.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 57.8 percentage points from the prior year.
Baiya International Group Inc's ROE was -41.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 39.8 percentage points from the prior year.
Capital Allocation
Baiya International Group Inc invested $227K in research and development in fiscal year 2025. This represents a decrease of 4.7% from the prior year.
Baiya International Group Inc invested $6K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
BIYA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Revenue | $16.5M+28.6% | $12.8M+10.7% | $11.6M-12.1% | $13.2M |
| Cost of Revenue | $14.6M+27.8% | $11.4M+5.8% | $10.8M-7.4% | $11.6M |
| Gross Profit | $1.9M+35.1% | $1.4M+75.4% | $802K-47.4% | $1.5M |
| R&D Expenses | $227K-4.7% | $238K-20.8% | $301K-37.3% | $479K |
| SG&A Expenses | $11.2M+918.3% | $1.1M-9.5% | $1.2M-50.2% | $2.4M |
| Operating Income | -$9.6M-14978.7% | $64Kn/m | -$719Kn/m | -$1.4M |
| EBITDA | -$9.6M-14876.4% | $65Kn/m | -$718Kn/m | -$1.4M |
| Interest Expense | -$3K-110.6% | $32K+31.1% | $24K-56.8% | $56K |
| Income Tax | $19K-33.2% | $29K-11.5% | $32K+37.6% | $23K |
| Net Income | -$9.5Mn/m | -$9Kn/m | -$1.0Mn/m | -$1.3M |
| EPS (Basic) | -$5.04 | -$0.02n/m | -$2.66 | -$0.13 |
| EPS (Diluted) | -$5.04 | -$0.02n/m | -$2.66 | -$0.13 |
| Diluted Shares (Avg) | 2M | 400,0000.0% | 400,000 | 10M |
BIYA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Total Assets | $27.8M+462.1% | $5.0M-35.0% | $7.6M | N/A |
| Current Assets | $26.4M+495.7% | $4.4M-41.2% | $7.5M | N/A |
| Cash & Equivalents | $689K-58.7% | $1.7M+5117.8% | $32K-98.7% | $2.4M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| Accounts Receivable | $1.7M+1.3% | $1.6M-55.4% | $3.7M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $4.8M+8.2% | $4.4M-37.4% | $7.0M | N/A |
| Current Liabilities | $4.8M+9.2% | $4.4M-37.0% | $6.9M | N/A |
| Non-Current Liabilities | $6K-85.5% | $44K-62.4% | $117K | N/A |
| Long-Term Debt | N/A | $117K+33.8% | $88K | N/A |
| Total Equity | $23.0M+4488.6% | $500K-10.1% | $556K-65.6% | $1.6M |
| Retained Earnings | -$11.1Mn/m | -$1.5Mn/m | -$1.4M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
BIYA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Operating Cash Flow | -$7.4M-569.5% | $1.6Mn/m | -$1.8M-542.9% | $407K |
| Depreciation & Amortization | $407-8.1% | $443-44.6% | $799-62.6% | $2K |
| Stock-Based Compensation | $6.1M | N/A | N/A | N/A |
| Capital Expenditures | $6K | N/A | N/A | N/A |
| Free Cash Flow | -$7.4M | N/A | N/A | N/A |
| Investing Cash Flow | -$17.2M | N/A | N/A | N/A |
| Financing Cash Flow | $25.0M+32387.0% | $77Kn/m | -$508K-126.3% | $1.9M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BIYA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F |
|---|---|---|---|---|
| Gross Margin | 11.5%+0.6pp | 11.0%+4.1pp | 6.9%-4.7pp | 11.6% |
| Operating Margin | -58.1%-58.6pp | 0.5%+6.7pp | -6.2%+4.4pp | -10.7% |
| Net Margin | -57.9%-57.8pp | -0.1%+8.7pp | -8.8%+0.8pp | -9.6% |
| Return on Equity | -41.5%-39.8pp | -1.8%+181.1pp | -182.8%-104.6pp | -78.2% |
| Return on Assets | -34.3%-34.1pp | -0.2%+13.2pp | -13.3% | N/A |
| Current Ratio | 5.54+4.5x | 1.02-0.1x | 1.09 | N/A |
| Debt-to-Equity | N/A | 0.23+0.1x | 0.16 | N/A |
| Liabilities-to-Equity | 0.21-8.6x | 8.80-3.8x | 12.63 | N/A |
| Asset Turnover | 0.59-2.0x | 2.59+1.1x | 1.52 | N/A |
| FCF Margin | -45.2% | N/A | N/A | N/A |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Baiya International Group Inc BIYA | FY2025 | $16.5M | -$9.5M | -57.9% | $8.7M | 33/100 |
| T Stamp Inc. IDAI | FY2025 | $3.1M | -$8.3M | N/A | $15.5M | 56/100 |
| 3 E Network Technology Group Ltd MASK | FY2025 | $4.8M | $765K | 15.8% | $3.3M | 86/100 |
Where Baiya International Group Inc Ranks
Frequently Asked Questions
What is Baiya International Group Inc's annual revenue?
Baiya International Group Inc (BIYA) reported $16.5M in total revenue for fiscal year 2025. This represents a 28.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Baiya International Group Inc's revenue growing?
Baiya International Group Inc (BIYA) revenue grew by 28.6% year-over-year, from $12.8M to $16.5M in fiscal year 2025.
Is Baiya International Group Inc profitable?
No, Baiya International Group Inc (BIYA) reported a net loss of $9.5M in fiscal year 2025, with a net profit margin of -57.9%.
What is Baiya International Group Inc's EBITDA?
Baiya International Group Inc (BIYA) had EBITDA of -$9.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Baiya International Group Inc's gross margin?
Baiya International Group Inc (BIYA) had a gross margin of 11.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Baiya International Group Inc's operating margin?
Baiya International Group Inc (BIYA) had an operating margin of -58.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Baiya International Group Inc's net profit margin?
Baiya International Group Inc (BIYA) had a net profit margin of -57.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Baiya International Group Inc's return on equity (ROE)?
Baiya International Group Inc (BIYA) has a return on equity of -41.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Baiya International Group Inc's free cash flow?
Baiya International Group Inc (BIYA) recorded an outflow of $7.4M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Baiya International Group Inc's operating cash flow?
Baiya International Group Inc (BIYA) recorded an outflow of $7.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Baiya International Group Inc's total assets?
Baiya International Group Inc (BIYA) had $27.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Baiya International Group Inc's capital expenditures?
Baiya International Group Inc (BIYA) invested $6K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Baiya International Group Inc spend on research and development?
Baiya International Group Inc (BIYA) invested $227K in research and development during fiscal year 2025.
What is Baiya International Group Inc's current ratio?
Baiya International Group Inc (BIYA) had a current ratio of 5.54 as of fiscal year 2025, which is generally considered healthy.
What is Baiya International Group Inc's liabilities-to-equity ratio?
Baiya International Group Inc (BIYA) had a liabilities-to-equity ratio of 0.21 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Baiya International Group Inc's return on assets (ROA)?
Baiya International Group Inc (BIYA) had a return on assets of -34.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Baiya International Group Inc's P/E ratio?
Baiya International Group Inc (BIYA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $8.7M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Baiya International Group Inc's price-to-sales ratio?
Baiya International Group Inc (BIYA) trades at 0.5x sales, its market capitalization divided by $16.5M revenue, FY2025. The market capitalization is $8.7M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Baiya International Group Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Baiya International Group Inc (BIYA) held $689K in cash, cash equivalents and investments, and reported an operating cash outflow of $7.4M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Baiya International Group Inc's Altman Z-Score?
Baiya International Group Inc (BIYA) has an Altman Z-Score of 0.92, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Baiya International Group Inc's Piotroski F-Score?
Baiya International Group Inc (BIYA) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Baiya International Group Inc's earnings high quality?
Baiya International Group Inc (BIYA) reported a net loss of $9.5M while operations used $7.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Baiya International Group Inc cover its interest payments?
Baiya International Group Inc (BIYA) reported an operating loss of $9.6M against $3K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Baiya International Group Inc?
Baiya International Group Inc (BIYA) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.