Golden Heaven Group Holdings Ltd. (GDHG) 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 23, 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 Jan 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GDHG SEC filings page.
Golden Heaven Group Holdings Ltd. (GDHG) reported $15.3M in revenue for fiscal year 2025, down 31.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Golden Heaven’s operations weakened sharply, while financing activity expanded the balance sheet far faster than profits could support.
In FY2025, the company reported a net loss of$8.6M but operating cash flow of$19.0M , reversing FY2024’s$3.0M operating outflow despite another loss. That gap suggests reported cash generation was driven by balance-sheet movements rather than earnings, so cash flow and profitability are telling different stories.
The business lost operating efficiency across the period: revenue fell from
The balance sheet expanded without a corresponding improvement in operations. Total assets rose from
Financial Health Signals
Scored against operating 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 Golden Heaven Group Holdings Ltd.'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.
Golden Heaven Group Holdings Ltd. has an operating margin of -44.5%, meaning the company loses $44 on every $100 of revenue. This results in a profitability score of 12/100. This is down from -0.1% the prior year.
Golden Heaven Group Holdings Ltd.'s revenue declined 31.5% year-over-year, from $22.3M to $15.3M. This contraction results in a growth score of 2/100.
With a current ratio of 25.01, Golden Heaven Group Holdings Ltd. holds $25.01 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Golden Heaven Group Holdings Ltd. posts a -4.8% return on equity (ROE), meaning it loses $5 for every $100 of shareholders' equity. This results in a returns score of 32/100. This is down from -2.1% the prior year.
Golden Heaven Group Holdings Ltd. scores 4.76, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $68.4M against total liabilities of $10.8M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Golden Heaven Group Holdings Ltd. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Golden Heaven Group Holdings Ltd. reported a net loss of $8.6M while generating $19.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Golden Heaven Group Holdings Ltd. generated $15.3M in revenue in fiscal year 2025. This represents a decrease of 31.5% from the prior year.
Golden Heaven Group Holdings Ltd.'s EBITDA was -$3.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 197.1% from the prior year.
Golden Heaven Group Holdings Ltd. reported a net loss of $8.6M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Golden Heaven Group Holdings Ltd. earned -$10.83 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Golden Heaven Group Holdings Ltd. held $86.0M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Golden Heaven Group Holdings Ltd.'s gross margin was 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.4 percentage points from the prior year.
Golden Heaven Group Holdings Ltd.'s operating margin was -44.5% in fiscal year 2025, reflecting core business profitability. This is down 44.4 percentage points from the prior year.
Golden Heaven Group Holdings Ltd.'s net profit margin was -56.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 48.2 percentage points from the prior year.
Golden Heaven Group Holdings Ltd.'s ROE was -4.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the prior year.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
GDHG 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 | FY2120-F |
|---|---|---|---|---|---|
| Revenue | $15.3M-31.5% | $22.3M-29.7% | $31.8M-23.9% | $41.8M+8.5% | $38.5M |
| Cost of Revenue | $7.6M-38.2% | $12.3M-1.2% | $12.5M+7.3% | $11.6M-0.6% | $11.7M |
| Gross Profit | $7.7M-23.3% | $10.0M-48.2% | $19.3M-36.0% | $30.2M+12.4% | $26.8M |
| SG&A Expenses | $14.5M+44.3% | $10.0M+16.7% | $8.6M-4.3% | $9.0M+10.6% | $8.1M |
| Operating Income | -$6.8Mn/m | -$19K-100.2% | $10.7M-49.4% | $21.2M+13.2% | $18.7M |
| EBITDA | -$3.6M-197.1% | $3.7M-74.0% | $14.1M-42.2% | $24.4M+10.8% | $22.0M |
| Interest Expense | N/A | N/A | $6K-2.5% | $6K+34.5% | $5K |
| Income Tax | $1.7M-22.1% | $2.1M-50.0% | $4.2M-33.2% | $6.3M+34.1% | $4.7M |
| Net Income | -$8.6Mn/m | -$1.8M-127.4% | $6.5M-54.3% | $14.3M+5.5% | $13.6M |
| EPS (Basic) | -$10.83 | -$262.73 | $2417.00 | $14.33 | $0.14 |
| EPS (Diluted) | -$10.83 | -$262.73 | $2417.00 | $14.33 | $0.14 |
| Diluted Shares (Avg) | 793,805 | 6,838 | 2,710 | 1M | 100M |
Not reported in any period shown, so not listed: R&D Expenses.
GDHG 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 | FY2120-F |
|---|---|---|---|---|---|
| Total Assets | $191.4M+94.3% | $98.6M+19.9% | $82.2M+12.5% | $73.1M | N/A |
| Current Assets | $110.1M+81.7% | $60.6M+311.3% | $14.7M-39.8% | $24.5M | N/A |
| Cash & Equivalents | $86.0M+333.7% | $19.8M+7964.0% | $246K-98.9% | $22.4M+74.3% | $12.9M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $10.8M-27.2% | $14.8M-29.9% | $21.2M-9.8% | $23.5M | N/A |
| Current Liabilities | $4.4M-24.3% | $5.8M-59.9% | $14.5M-9.6% | $16.1M | N/A |
| Non-Current Liabilities | $6.4M-29.1% | $9.0M+35.6% | $6.7M-10.2% | $7.4M | N/A |
| Total Equity | $180.7M+115.8% | $83.7M+37.1% | $61.1M+23.1% | $49.6M+24.6% | $39.8M |
| Retained Earnings | $45.1M-16.0% | $53.7M-3.3% | $55.6M+13.2% | $49.1M | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
GDHG 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 | FY2120-F |
|---|---|---|---|---|---|
| Operating Cash Flow | $19.0Mn/m | -$3.0Mn/m | -$19.3M-202.8% | $18.8Mn/m | -$5.0M |
| Depreciation & Amortization | $3.2M-12.1% | $3.7M+9.4% | $3.4M+5.3% | $3.2M-3.1% | $3.3M |
| Stock-Based Compensation | $9.3M+309.5% | $2.3M | N/A | N/A | N/A |
| Capital Expenditures | N/A | $76K-99.0% | $7.9M+2774.2% | $275K-69.6% | $905K |
| Free Cash Flow | N/A | -$3.1Mn/m | -$27.3M-247.0% | $18.5Mn/m | -$5.9M |
| Investing Cash Flow | -$49.8M-5239.3% | $968Kn/m | -$7.9Mn/m | -$190Kn/m | -$860K |
| Financing Cash Flow | $97.1M+378.2% | $20.3M+244.5% | $5.9Mn/m | -$6.8M-2606.6% | $273K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GDHG 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 | FY2120-F |
|---|---|---|---|---|---|
| Gross Margin | 50.2%+5.4pp | 44.8%-16.0pp | 60.8%-11.4pp | 72.2%+2.5pp | 69.7% |
| Operating Margin | -44.5%-44.4pp | -0.1%-33.8pp | 33.7%-17.0pp | 50.7%+2.1pp | 48.6% |
| Net Margin | -56.2%-48.2pp | -8.0%-28.6pp | 20.6%-13.7pp | 34.3%-1.0pp | 35.3% |
| Return on Equity | -4.8%-2.6pp | -2.1%-12.9pp | 10.7%-18.1pp | 28.9%-5.2pp | 34.1% |
| Return on Assets | -4.5%-2.7pp | -1.8%-9.8pp | 8.0%-11.6pp | 19.6% | N/A |
| Current Ratio | 25.01+14.6x | 10.41+9.4x | 1.01-0.5x | 1.52 | N/A |
| Liabilities-to-Equity | 0.06-0.1x | 0.18-0.2x | 0.35-0.1x | 0.47 | N/A |
| Asset Turnover | 0.08-0.1x | 0.23-0.2x | 0.39-0.2x | 0.57 | N/A |
| FCF Margin | N/A | -13.8%+71.9pp | -85.7%-130.1pp | 44.4%+59.6pp | -15.2% |
Not reported in any period shown, so not listed: Debt-to-Equity.
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 |
|---|---|---|---|---|---|---|
| Golden Heaven Group Holdings Ltd. GDHG | FY2025 | $15.3M | -$8.6M | -56.2% | $68.4M | 39/100 |
| Mixed Martial Arts Group Limited MMA | FY2025 | $1.4M | -$26.0M | N/A | $11.6M | 31/100 |
| AiRWA Inc. YYAI | FY2026 | $25.8M | -$17.6M | -68.0% | $3.1M | 62/100 |
| Jakks Pacific Inc JAKK | FY2025 | $113.3M | $9.9M | 8.7% | $349.3M | 46/100 |
| Playboy, Inc. PLBY | FY2025 | $120.9M | -$12.7M | -10.5% | $130.6M | 52/100 |
Where Golden Heaven Group Holdings Ltd. Ranks
Frequently Asked Questions
What is Golden Heaven Group Holdings Ltd.'s annual revenue?
Golden Heaven Group Holdings Ltd. (GDHG) reported $15.3M in total revenue for fiscal year 2025. This represents a -31.5% 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 Golden Heaven Group Holdings Ltd.'s revenue growing?
Golden Heaven Group Holdings Ltd. (GDHG) revenue declined by 31.5% year-over-year, from $22.3M to $15.3M in fiscal year 2025.
Is Golden Heaven Group Holdings Ltd. profitable?
No, Golden Heaven Group Holdings Ltd. (GDHG) reported a net loss of $8.6M in fiscal year 2025, with a net profit margin of -56.2%.
What is Golden Heaven Group Holdings Ltd.'s EBITDA?
Golden Heaven Group Holdings Ltd. (GDHG) had EBITDA of -$3.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Golden Heaven Group Holdings Ltd.'s gross margin?
Golden Heaven Group Holdings Ltd. (GDHG) had a gross margin of 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Golden Heaven Group Holdings Ltd.'s operating margin?
Golden Heaven Group Holdings Ltd. (GDHG) had an operating margin of -44.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Golden Heaven Group Holdings Ltd.'s net profit margin?
Golden Heaven Group Holdings Ltd. (GDHG) had a net profit margin of -56.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Golden Heaven Group Holdings Ltd.'s return on equity (ROE)?
Golden Heaven Group Holdings Ltd. (GDHG) has a return on equity of -4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Golden Heaven Group Holdings Ltd.'s operating cash flow?
Golden Heaven Group Holdings Ltd. (GDHG) generated $19.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Golden Heaven Group Holdings Ltd.'s total assets?
Golden Heaven Group Holdings Ltd. (GDHG) had $191.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Golden Heaven Group Holdings Ltd.'s current ratio?
Golden Heaven Group Holdings Ltd. (GDHG) had a current ratio of 25.01 as of fiscal year 2025, which is generally considered healthy.
What is Golden Heaven Group Holdings Ltd.'s liabilities-to-equity ratio?
Golden Heaven Group Holdings Ltd. (GDHG) had a liabilities-to-equity ratio of 0.06 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 Golden Heaven Group Holdings Ltd.'s return on assets (ROA)?
Golden Heaven Group Holdings Ltd. (GDHG) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Golden Heaven Group Holdings Ltd.'s P/E ratio?
Golden Heaven Group Holdings Ltd. (GDHG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $68.4M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Golden Heaven Group Holdings Ltd.'s price-to-sales ratio?
Golden Heaven Group Holdings Ltd. (GDHG) trades at 4.5x sales, its market capitalization divided by $15.3M revenue, FY2025. The market capitalization is $68.4M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Golden Heaven Group Holdings Ltd.'s Altman Z-Score?
Golden Heaven Group Holdings Ltd. (GDHG) has an Altman Z-Score of 4.76, placing it in the Safe Zone (low 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 Golden Heaven Group Holdings Ltd.'s Piotroski F-Score?
Golden Heaven Group Holdings Ltd. (GDHG) has a Piotroski F-Score of 4 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.
Are Golden Heaven Group Holdings Ltd.'s earnings high quality?
Golden Heaven Group Holdings Ltd. (GDHG) reported a net loss of $8.6M while generating $19.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
How financially healthy is Golden Heaven Group Holdings Ltd.?
Golden Heaven Group Holdings Ltd. (GDHG) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.