What is Golden Heaven Gr's earnings per share (EPS)?

Golden Heaven Gr (GDHG) reported diluted earnings per share of $-10.83 for fiscal year 2025. This represents a 95.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Golden Heaven Gr Financials

GDHG

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE September

This page shows Golden Heaven Gr (GDHG) financial statements, including the 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).

Rhea AI GDHG FY2025 2026-04-22

External funding rather than operations is now driving a cash-heavy balance sheet while revenue and margins retreat.

From FY2023 to FY2025, cash rose from $246K to $86.0M even as revenue roughly halved and profitability turned negative. Because FY2024-FY2025 net losses totaled $10.4M while FY2025 financing inflow reached $97.1M, the liquidity improvement looks driven by new capital rather than by the operating model itself.

The sharper problem is cost structure slippage, not only lower sales: gross margin fell from 60.8% in FY2023 to 50.2% in FY2025. At the same time, selling and admin costs reached about 84.8% of revenue, a sign that a smaller sales base can no longer absorb overhead efficiently or protect operating profit.

FY2025's positive operating cash flow does not read like a clean turnaround because it sat beside a much larger investing outflow of $49.8M. That gap was covered by $97.1M of financing cash, so the year looks more like a balance-sheet rebuild than evidence that underlying operations have stabilized.

Financial Health Signals

Financial Health Score 42/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Gr'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.

Profitability

Golden Heaven Gr has an operating margin of -44.5%, meaning the company retains $-44 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is down from -0.1% the prior year.

Growth

Golden Heaven Gr's revenue declined 31.5% year-over-year, from $22.3M to $15.3M. This contraction results in a growth score of 3/100.

Leverage

Golden Heaven Gr carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 25.01, Golden Heaven Gr holds $25.01 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Golden Heaven Gr's ROE of -4.8% shows moderate profitability relative to equity, earning a score of 36/100. This is down from -2.1% the prior year.

Altman Z-Score Grey Zone

2.47

Golden Heaven Gr scores 2.47, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($27.2M) relative to total liabilities ($10.8M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/7

Golden Heaven Gr 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 efficiency signals pass.

Earnings Quality Mixed

-2.21x

For every $1 of reported earnings, Golden Heaven Gr generates $-2.21 in operating cash flow ($19.0M OCF vs -$8.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$15.3M

YoY-31.5%

Golden Heaven Gr generated $15.3M in revenue in fiscal year 2025. This represents a decrease of 31.5% from the prior year.

EBITDA

-$3.6M

YoY-197.1%

Golden Heaven Gr'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.

Net Income

-$8.6M

YoY-378.3%

Golden Heaven Gr reported -$8.6M in net income in fiscal year 2025. This represents a decrease of 378.3% from the prior year.

EPS (Diluted)

$-10.83

YoY+95.9%

Golden Heaven Gr earned $-10.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 95.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$86.0M

YoY+333.7%

Golden Heaven Gr held $86.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

50.2%

YoY+5.4pp

Golden Heaven Gr'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.

Operating Margin

-44.5%

YoY-44.4pp

Golden Heaven Gr'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.

Net Margin

-56.2%

YoY-48.2pp

Golden Heaven Gr'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.

Return on Equity

-4.8%

YoY-2.6pp

Golden Heaven Gr'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

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GDHG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
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
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$13.0M+103.7%	$6.4M+29.9%	$4.9M+20.5%	$4.1M+62.1%	$2.5M
Operating Income	-$6.8M-35218.9%	-$19K-100.2%	$10.7M-49.4%	$21.2M+13.2%	$18.7M
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	-$8.6M-378.3%	-$1.8M-127.4%	$6.5M-54.3%	$14.3M+5.5%	$13.6M
EPS (Diluted)	$-10.83+95.9%	$-262.73-110.9%	$2417.00+16766.7%	$14.33+10135.7%	$0.14

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

GDHG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
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
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
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
Long-Term Debt	N/A	N/A	N/A	N/A	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

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22
Total Assets	$191.4M+94.3%	$98.6M+18.9%	$82.9M+0.8%	$82.2M+12.5%	$73.1M
Current Assets	$110.1M+81.7%	$60.6M+1466.7%	$3.9M-73.7%	$14.7M-39.8%	$24.5M
Cash & Equivalents	$86.0M+333.7%	$19.8M+15222.7%	$129K-47.4%	$246K-98.9%	$22.4M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.8M-27.2%	$14.8M-20.3%	$18.6M-12.0%	$21.2M-9.8%	$23.5M
Current Liabilities	$4.4M-24.3%	$5.8M-31.4%	$8.5M-41.6%	$14.5M-9.6%	$16.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$180.7M+115.8%	$83.7M+30.2%	$64.3M+5.3%	$61.1M+23.1%	$49.6M
Retained Earnings	$45.1M-16.0%	$53.7M-7.5%	$58.1M+4.6%	$55.6M+13.2%	$49.1M

GDHG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$19.0M+729.5%	-$3.0M+84.4%	-$19.3M-202.8%	$18.8M+479.2%	-$5.0M
Capital Expenditures	N/A	$76K-99.0%	$7.9M+2774.2%	$275K-69.6%	$905K
Free Cash Flow	N/A	-$3.1M+88.7%	-$27.3M-247.0%	$18.5M+416.0%	-$5.9M
Investing Cash Flow	-$49.8M-5239.3%	$968K+112.2%	-$7.9M-4061.1%	-$190K+77.9%	-$860K
Financing Cash Flow	$97.1M+378.2%	$20.3M+244.5%	$5.9M+186.2%	-$6.8M-2606.6%	$273K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

GDHG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
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+14.6	10.41+9.4	1.01-0.5	1.52	N/A
Debt-to-Equity	0.06-0.1	0.18-0.2	0.35-0.1	0.47	N/A
FCF Margin	N/A	-13.8%+71.9pp	-85.7%-130.1pp	44.4%+59.6pp	-15.2%

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	25.01+14.6	10.41+10.0	0.46-0.6	1.01-0.5	1.52
Debt-to-Equity	0.06-0.1	0.18-0.1	0.29-0.1	0.35-0.1	0.47
FCF Margin	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Golden Heaven Gr's annual revenue?

Golden Heaven Gr (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 Gr's revenue growing?

Golden Heaven Gr (GDHG) revenue declined by 31.5% year-over-year, from $22.3M to $15.3M in fiscal year 2025.

Is Golden Heaven Gr profitable?

No, Golden Heaven Gr (GDHG) reported a net income of -$8.6M in fiscal year 2025, with a net profit margin of -56.2%.

What is Golden Heaven Gr's EBITDA?

Golden Heaven Gr (GDHG) had EBITDA of -$3.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Golden Heaven Gr's gross margin?

Golden Heaven Gr (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 Gr's operating margin?

Golden Heaven Gr (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 Gr's net profit margin?

Golden Heaven Gr (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 Gr's return on equity (ROE)?

Golden Heaven Gr (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 Gr's operating cash flow?

Golden Heaven Gr (GDHG) generated $19.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Golden Heaven Gr's total assets?

Golden Heaven Gr (GDHG) had $191.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Golden Heaven Gr's current ratio?

Golden Heaven Gr (GDHG) had a current ratio of 25.01 as of fiscal year 2025, which is generally considered healthy.

What is Golden Heaven Gr's debt-to-equity ratio?

Golden Heaven Gr (GDHG) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Golden Heaven Gr's return on assets (ROA)?

Golden Heaven Gr (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 Gr's Altman Z-Score?

Golden Heaven Gr (GDHG) has an Altman Z-Score of 2.47, placing it in the Grey Zone (moderate 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 Gr's Piotroski F-Score?

Golden Heaven Gr (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 Gr's earnings high quality?

Golden Heaven Gr (GDHG) has an earnings quality ratio of -2.21x, considered mixed quality. 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 Gr?

Golden Heaven Gr (GDHG) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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.