Exceed World Financials
This page shows Exceed World (EXDW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Exceed World has an operating margin of -79.7%, meaning the company retains $-80 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 6.9% the prior year.
Exceed World's revenue declined 64.6% year-over-year, from $24.4M to $8.6M. This contraction results in a growth score of 0/100.
Exceed World carries a low D/E ratio of 0.61, meaning only $0.61 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Exceed World's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Exceed World generates a -62.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 6.2% the prior year.
Exceed World passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Exceed World generates $1.18 in operating cash flow (-$8.1M OCF vs -$6.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Exceed World generated $8.6M in revenue in fiscal year 2025. This represents a decrease of 64.6% from the prior year.
Exceed World's EBITDA was -$6.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 395.9% from the prior year.
Exceed World reported -$6.9M in net income in fiscal year 2025. This represents a decrease of 687.4% from the prior year.
Exceed World earned $-0.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 625.0% from the prior year.
Cash & Balance Sheet
Exceed World held $7.6M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Exceed World's gross margin was 47.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.8 percentage points from the prior year.
Exceed World's operating margin was -79.7% in fiscal year 2025, reflecting core business profitability. This is down 86.6 percentage points from the prior year.
Exceed World's net profit margin was -79.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 84.6 percentage points from the prior year.
Exceed World's ROE was -62.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 68.9 percentage points from the prior year.
Capital Allocation
EXDW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M-50.7% | $2.2M-4.4% | $2.3M-22.9% | $3.0M-37.9% | $4.8M-42.1% | $8.4M+31.4% | $6.4M+31.7% | $4.8M |
| Cost of Revenue | $889K-31.1% | $1.3M+6.3% | $1.2M+6.1% | $1.1M+18.2% | $969K-78.9% | $4.6M+51.5% | $3.0M+29.3% | $2.3M |
| Gross Profit | $201K-78.2% | $922K-16.3% | $1.1M-40.8% | $1.9M-51.9% | $3.9M+2.8% | $3.8M+13.1% | $3.3M+34.0% | $2.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $48K+1039.8% | $4K-85.9% | $30K-25.2% | $40K-94.5% | $726K+221.0% | -$600K-229.0% | $465K+6381.1% | $7K |
| Net Income | -$2.5M-37.4% | -$1.8M+1.9% | -$1.8M-137.0% | -$774K-149.5% | $1.6M+3187.6% | $48K+129.2% | -$163K+41.3% | -$278K |
| EPS (Diluted) | N/A | $-0.06-20.0% | $-0.05-150.0% | $-0.02 | N/A | $0.00 | $0.00+100.0% | $-0.01 |
EXDW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.7M-6.6% | $18.9M-6.7% | $20.3M-4.1% | $21.2M-15.3% | $25.0M+7.4% | $23.3M+3.3% | $22.5M-3.3% | $23.3M |
| Current Assets | $11.0M-8.3% | $12.0M-12.6% | $13.7M-12.5% | $15.7M-20.6% | $19.7M-4.0% | $20.5M+0.4% | $20.5M-3.2% | $21.1M |
| Cash & Equivalents | $7.6M-18.9% | $9.4M-21.3% | $11.9M-16.7% | $14.3M-22.6% | $18.5M-5.5% | $19.5M+2.9% | $19.0M+5.7% | $18.0M |
| Inventory | $54K-92.4% | $705K+3.8% | $679K+5.0% | $647K+1051.2% | $56K-91.4% | $650K-48.8% | $1.3M-24.9% | $1.7M |
| Accounts Receivable | $522K-35.4% | $808K+42.0% | $569K+41.4% | $403K+35.9% | $296K+127.2% | $130K+149.1% | $52K-0.6% | $53K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.7M+33.1% | $5.0M-2.4% | $5.2M-1.6% | $5.3M-15.7% | $6.2M-25.9% | $8.4M+27.7% | $6.6M+10.7% | $6.0M |
| Current Liabilities | $5.7M+16.4% | $4.9M-0.9% | $5.0M-1.4% | $5.0M-14.8% | $5.9M-26.6% | $8.1M+26.7% | $6.4M+12.5% | $5.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $11.0M-21.0% | $13.9M-8.1% | $15.1M-5.0% | $15.9M-15.2% | $18.8M+26.3% | $14.9M-6.7% | $15.9M-8.2% | $17.4M |
| Retained Earnings | $16.8M-12.9% | $19.2M-8.6% | $21.0M-8.0% | $22.9M-3.3% | $23.6M+7.1% | $22.1M+0.2% | $22.0M-0.7% | $22.2M |
EXDW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M+17.1% | -$2.4M-7.1% | -$2.3M-56.8% | -$1.4M-292.9% | -$368K-120.3% | $1.8M-26.1% | $2.4M+310.2% | -$1.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$904K-83.9% | -$492K+43.9% | -$876K+13.0% | -$1.0M+67.2% | -$3.1M-16066.9% | -$19K+91.9% | -$236K-13367.5% | -$2K |
| Financing Cash Flow | $1.5M+20670.5% | -$7K-69.9% | -$4K-4.1% | -$4K-110.1% | $40K+1068.9% | -$4K+4.3% | -$4K-1.3% | -$4K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXDW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-23.2pp | 41.7%-5.9pp | 47.5%-14.3pp | 61.9%-18.1pp | 80.0%+34.9pp | 45.0%-7.3pp | 52.3%+0.9pp | 51.4% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -226.6%-145.3pp | -81.3%-2.1pp | -79.2%-53.5pp | -25.8%-58.1pp | 32.3%+31.8pp | 0.6%+3.1pp | -2.6%+3.2pp | -5.8% |
| Return on Equity | -22.5%-9.6pp | -13.0%-0.8pp | -12.1%-7.3pp | -4.9%-13.2pp | 8.3%+8.0pp | 0.3%+1.3pp | -1.0%+0.6pp | -1.6% |
| Return on Assets | -14.0%-4.5pp | -9.5%-0.5pp | -9.0%-5.4pp | -3.7%-9.9pp | 6.3%+6.1pp | 0.2%+0.9pp | -0.7%+0.5pp | -1.2% |
| Current Ratio | 1.92-0.5 | 2.43-0.3 | 2.76-0.3 | 3.11-0.2 | 3.33+0.8 | 2.55-0.7 | 3.21-0.5 | 3.73 |
| Debt-to-Equity | 0.61+0.2 | 0.36+0.0 | 0.34+0.0 | 0.330.0 | 0.33-0.2 | 0.57+0.2 | 0.41+0.1 | 0.34 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Exceed World's annual revenue?
Exceed World (EXDW) reported $8.6M in total revenue for fiscal year 2025. This represents a -64.6% 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 Exceed World's revenue growing?
Exceed World (EXDW) revenue declined by 64.6% year-over-year, from $24.4M to $8.6M in fiscal year 2025.
Is Exceed World profitable?
No, Exceed World (EXDW) reported a net income of -$6.9M in fiscal year 2025, with a net profit margin of -79.8%.
What is Exceed World's EBITDA?
Exceed World (EXDW) had EBITDA of -$6.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Exceed World's gross margin?
Exceed World (EXDW) had a gross margin of 47.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Exceed World's operating margin?
Exceed World (EXDW) had an operating margin of -79.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Exceed World's net profit margin?
Exceed World (EXDW) had a net profit margin of -79.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Exceed World's return on equity (ROE)?
Exceed World (EXDW) has a return on equity of -62.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Exceed World's operating cash flow?
Exceed World (EXDW) generated -$8.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Exceed World's total assets?
Exceed World (EXDW) had $17.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Exceed World's current ratio?
Exceed World (EXDW) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.
What is Exceed World's debt-to-equity ratio?
Exceed World (EXDW) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Exceed World's return on assets (ROA)?
Exceed World (EXDW) had a return on assets of -38.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Exceed World's cash runway?
Based on fiscal year 2025 data, Exceed World (EXDW) had $7.6M in cash against an annual operating cash burn of $8.1M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Exceed World's Piotroski F-Score?
Exceed World (EXDW) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Exceed World's earnings high quality?
Exceed World (EXDW) has an earnings quality ratio of 1.18x, considered low quality (accrual-driven). 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.
How financially healthy is Exceed World?
Exceed World (EXDW) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.