Exceed World (EXDW) Financials
Newest figures come from the 10-K for FY2025, filed Jan 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EXDW SEC filings page.
Exceed World Inc (EXDW) reported $8.6M in revenue for fiscal year 2025, down 64.6% from the prior fiscal year. This page shows its 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).
FY2025’s revenue collapse left fixed overhead uncovered, turning a previously profitable business into a cash-consuming operation.
FY2025 revenue fell64.6% , while SG&A declined only6.9% , so the expense base did not resize with activity. The resulting margin pressure coincided with operating cash flow swinging from$2.7M positive in FY2024 to-$8.1M in FY2025, showing deterioration in both earnings quality and cash generation.
Assets fell
In FY2024, operating cash flow of
Financial Health Signals
We do not publish a peer-relative financial health score for Exceed World Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Exceed World Inc passes 0 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Exceed World Inc reported a net loss of $6.9M while operations used $8.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Exceed World Inc generated $1.1M in revenue in Q4 2025. This represents a decrease of 77.5% from the same quarter a year earlier. Against the prior quarter it is down 50.7%.
Exceed World Inc reported a net loss of $2.5M in Q4 2025. This represents a decrease of 258.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Exceed World Inc earned -$0.08 per diluted share (EPS) in Q4 2025. This represents a decrease of 260.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2025.
Cash & Balance Sheet
Exceed World Inc held $7.6M in cash as of Q4 2025; no long-term debt figure is on record for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
Exceed World Inc's gross margin was 18.5% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is down 39.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.2 percentage points.
Exceed World Inc's quarterly ROE was -22.5% in Q4 2025: one quarter's net income over shareholder equity, not annualized. This is down 30.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.6 percentage points.
Not reported for Q4 2025.
Not shown for Q4 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q4 2025.
EXDW 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 | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M-77.5% | $2.2M-73.5% | $2.3M-63.6% | $3.0M-37.7% | $4.8M+1.4% | $8.4M+19.4% | $6.4M-21.7% | $4.8M-20.0% |
| Cost of Revenue | $889K-56.5% | $1.3M-71.9% | $1.2M-59.9% | $1.1M-51.1% | $2.0M-21.4% | $4.6M+32.8% | $3.0M-24.7% | $2.3M-19.2% |
| Gross Profit | $201K-92.8% | $922K-75.5% | $1.1M-66.9% | $1.9M-25.1% | $2.8M+28.9% | $3.8M+6.3% | $3.3M-18.7% | $2.5M-20.7% |
| Income Tax | $48K-93.4% | $4Kn/m | $30K-93.6% | $40K+458.5% | $726Kn/m | -$600K-314.7% | $465K+10.0% | $7K-94.1% |
| Net Income | -$2.5M-258.0% | -$1.8M-3879.9% | -$1.8Mn/m | -$774Kn/m | $1.6Mn/m | $48Kn/m | -$163K-168.0% | -$278K-400.6% |
| EPS (Basic) | -$0.08-260.0% | -$0.06n/m | -$0.05n/m | -$0.02n/m | $0.05 | $0.00n/m | $0.00-100.0% | -$0.01n/m |
| EPS (Diluted) | -$0.08-260.0% | -$0.06n/m | -$0.05n/m | -$0.02n/m | $0.05 | $0.00n/m | $0.00-100.0% | -$0.01n/m |
| Diluted Shares (Avg) | N/A | 33M0.0% | 33M0.0% | 33M0.0% | N/A | 33M0.0% | 33M0.0% | 33M0.0% |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense.
EXDW 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 | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.7M-29.2% | $18.9M-18.6% | $20.3M-9.9% | $21.2M-9.1% | $25.0M+7.4% | $23.3M-6.4% | $22.5M-21.7% | $23.3M-14.7% |
| Current Assets | $11.0M-44.3% | $12.0M-41.6% | $13.7M-32.9% | $15.7M-25.8% | $19.7M-6.5% | $20.5M-10.6% | $20.5M-23.0% | $21.1M-17.2% |
| Cash & Equivalents | $7.6M-58.9% | $9.4M-52.0% | $11.9M-37.3% | $14.3M-20.5% | $18.5M+1.6% | $19.5M-2.5% | $19.0M-25.4% | $18.0M-24.8% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $54K-4.2% | $705K+8.4% | $679K-46.5% | $647K-61.7% | $56K-96.8% | $650K-66.3% | $1.3M+37.3% | $1.7M+27.9% |
| Accounts Receivable | $522K+76.2% | $808K+520.0% | $569K+987.9% | $403K+664.9% | $296K+494.0% | $130K+145.6% | $52K-6.2% | $53K-66.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $6.7M+7.8% | $5.0M-40.0% | $5.2M-21.5% | $5.3M-11.7% | $6.2M-6.5% | $8.4M+15.3% | $6.6M-26.4% | $6.0M-22.0% |
| Current Liabilities | $5.7M-3.1% | $4.9M-39.0% | $5.0M-22.0% | $5.0M-11.0% | $5.9M-6.7% | $8.1M+16.9% | $6.4M-24.5% | $5.7M-24.6% |
| Non-Current Liabilities | $985K+214.2% | $122K-64.8% | $199K-9.2% | $212K-26.1% | $314K-2.8% | $347K-12.8% | $219K-57.8% | $287K+155.9% |
| Total Equity | $11.0M-41.5% | $13.9M-6.5% | $15.1M-5.1% | $15.9M-8.3% | $18.8M+13.0% | $14.9M-15.4% | $15.9M-19.5% | $17.4M-11.8% |
| Retained Earnings | $16.8M-29.1% | $19.2M-12.9% | $21.0M-4.5% | $22.9M+3.0% | $23.6M+5.2% | $22.1M-3.4% | $22.0M-5.7% | $22.2M-4.0% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
EXDW 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 | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0Mn/m | -$2.4M-234.1% | -$2.3M-192.5% | -$1.4Mn/m | -$368Kn/m | $1.8Mn/m | $2.4M+53.7% | -$1.2Mn/m |
| Depreciation & Amortization | $351K+63.4% | $231K+397.7% | $178K+276.8% | $114K+144.8% | $215K+247.1% | $46K-40.9% | $47K-47.7% | $46K-45.0% |
| Investing Cash Flow | -$904Kn/m | -$492Kn/m | -$876Kn/m | -$1.0Mn/m | -$3.1Mn/m | -$19Kn/m | -$236K-504.2% | -$2K-100.2% |
| Financing Cash Flow | $1.5M+3556.0% | -$7Kn/m | -$4Kn/m | -$4Kn/m | $40Kn/m | -$4Kn/m | -$4Kn/m | -$4Kn/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
EXDW 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 | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-39.3pp | 41.7%-3.4pp | 47.5%-4.8pp | 61.9%+10.4pp | 57.8%+12.3pp | 45.0%-5.5pp | 52.3%+1.9pp | 51.4%-0.5pp |
| Net Margin | -226.6% | -81.3%-81.9pp | -79.2%-76.6pp | -25.8%-20.0pp | 32.3%+40.5pp | 0.6%+7.6pp | -2.6%-5.5pp | -5.8%-7.3pp |
| Return on Equity | -22.5%-30.9pp | -13.0%-13.3pp | -12.1%-11.1pp | -4.9%-3.3pp | 8.3%+10.7pp | 0.3%+3.1pp | -1.0%-2.2pp | -1.6%-2.1pp |
| Return on Assets | -14.0%-20.2pp | -9.5%-9.7pp | -9.0%-8.3pp | -3.7%-2.5pp | 6.3%+7.9pp | 0.2%+2.2pp | -0.7%-1.6pp | -1.2%-1.5pp |
| Current Ratio | 1.92-1.4x | 2.43-0.1x | 2.76-0.5x | 3.11-0.6x | 3.330.0x | 2.55-0.8x | 3.21+0.1x | 3.73+0.3x |
| Liabilities-to-Equity | 0.61+0.3x | 0.36-0.2x | 0.34-0.1x | 0.330.0x | 0.33-0.1x | 0.57+0.2x | 0.410.0x | 0.340.0x |
| Asset Turnover | 0.06-0.1x | 0.12-0.2x | 0.11-0.2x | 0.14-0.1x | 0.190.0x | 0.36+0.1x | 0.280.0x | 0.210.0x |
Not reported in any period shown, so not listed: Operating Margin, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Exceed World Inc EXDW | FY2025 | $8.6M | -$6.9M | -79.8% | N/A | — |
| PCS Edventures Inc New PCSV | FY2026 | $6.3M | $253K | 4.0% | $13.8M | — |
| Birdie Win Corp BRWC | FY2026 | $20K | -$27K | N/A | $4.5M | — |
Where Exceed World Inc Ranks
Frequently Asked Questions
Exceed World Inc (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.
Exceed World Inc (EXDW) revenue declined by 64.6% year-over-year, from $24.4M to $8.6M in fiscal year 2025.
No, Exceed World Inc (EXDW) reported a net loss of $6.9M in fiscal year 2025, with a net profit margin of -79.8%.
Exceed World Inc (EXDW) had EBITDA of -$6.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Exceed World Inc (EXDW) had a gross margin of 47.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Exceed World Inc (EXDW) had an operating margin of -79.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Exceed World Inc (EXDW) had a net profit margin of -79.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Exceed World Inc (EXDW) has a return on equity of -62.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Exceed World Inc (EXDW) recorded an outflow of $8.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Exceed World Inc (EXDW) had $17.7M in total assets as of fiscal year 2025, including both current and long-term assets.
Exceed World Inc (EXDW) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.
Exceed World Inc (EXDW) had a liabilities-to-equity ratio of 0.61 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.
Exceed World Inc (EXDW) had a return on assets of -38.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, Exceed World Inc (EXDW) held $7.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.1M over that year. Dividing the one by the other, the reported balance equals about 11 months 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.
Exceed World Inc (EXDW) has a Piotroski F-Score of 0 out of 7 computable signals; 2 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.
Exceed World Inc (EXDW) reported a net loss of $6.9M while operations used $8.1M 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.