Golden Sun Health Technology Group Ltd Financials

GSUN

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

This page shows Golden Sun Health Technology Group Ltd (GSUN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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

Financial Profile 45/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Golden Sun Health Technology Group Ltd has an operating margin of -5.9%, meaning the company retains $-6 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 up from -28.6% the prior year.

Growth

100

Golden Sun Health Technology Group Ltd's revenue surged 482.8% year-over-year to $35K, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Golden Sun Health Technology Group Ltd carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Golden Sun Health Technology Group Ltd's current ratio of 1.20 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.

Cash Flow

While Golden Sun Health Technology Group Ltd generated -$9K in operating cash flow, capex of $9 consumed most of it, leaving -$9K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Golden Sun Health Technology Group Ltd passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

1.83x

For every $1 of reported earnings, Golden Sun Health Technology Group Ltd generates $1.83 in operating cash flow (-$9K OCF vs -$5K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-6.2x

Golden Sun Health Technology Group Ltd earns $-6.2 in operating income for every $1 of interest expense (-$2K vs $340). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$35K

YoY+482.8%

5Y CAGR-65.9%

Golden Sun Health Technology Group Ltd generated $35K in revenue in fiscal year 2025. This represents an increase of 482.8% from the prior year.

EBITDA

-$2K

YoY-102.2%

Golden Sun Health Technology Group Ltd's EBITDA was -$2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 102.2% from the prior year.

Free Cash Flow

-$9K

YoY-88.5%

Golden Sun Health Technology Group Ltd generated -$9K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 88.5% from the prior year.

Net Income

-$5K

YoY-37.3%

Golden Sun Health Technology Group Ltd reported -$5K in net income in fiscal year 2025. This represents a decrease of 37.3% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$775K

YoY+5.2%

5Y CAGR-24.7%

Golden Sun Health Technology Group Ltd held $775K in cash against $2.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

2.3%

YoY-14.0pp

5Y CAGR-45.1pp

Golden Sun Health Technology Group Ltd's gross margin was 2.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 14.0 percentage points from the prior year.

Operating Margin

-5.9%

YoY+22.7pp

5Y CAGR-6.6pp

Golden Sun Health Technology Group Ltd's operating margin was -5.9% in fiscal year 2025, reflecting core business profitability. This is up 22.7 percentage points from the prior year.

Net Margin

-14.3%

YoY+46.5pp

5Y CAGR-14.9pp

Golden Sun Health Technology Group Ltd's net profit margin was -14.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 46.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-80.1%

5Y CAGR-87.6%

Golden Sun Health Technology Group Ltd invested $9 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 80.1% from the prior year.

GSUN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$35K+482.8%	$6K+134.8%	$3K-100.0%	$10.8M-28.0%	$15.0M+94.3%	$7.7M
Cost of Revenue	$1-100.0%	$5K+287.7%	$1K-100.0%	$6.0M-3.3%	$6.2M+52.4%	$4.1M
Gross Profit	$802-19.0%	$990-22.6%	$1K-100.0%	$4.8M-45.4%	$8.8M+140.9%	$3.7M
R&D Expenses	N/A	$1K-99.9%	$873K+103366.6%	$844-99.9%	$809K	N/A
SG&A Expenses	$3K+6.1%	$3K-42.7%	$4K-99.9%	$4.7M+1.3%	$4.7M+65.9%	$2.8M
Operating Income	-$2K-20.7%	-$2K+47.3%	-$3K+99.8%	-$1.5M-178.9%	$2.0M+3407.1%	$56K
Interest Expense	$340-99.8%	$215K+64574.2%	$332+55.1%	$214-99.9%	$212K+94.6%	$109K
Income Tax	-$4-121.0%	$17-83.0%	$99-100.0%	$355K-46.3%	$660K+258.6%	$184K
Net Income	-$5K-37.3%	-$4K+35.9%	-$6K+99.7%	-$2.1M-208.1%	$2.0M+4609.6%	$42K
EPS (Diluted)	N/A	$-1.87+39.3%	$-3.08-108.1%	$-1.48-1744.4%	$0.09+1000.0%	$-0.01

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q3'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GSUN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$24.0M+40.2%	$17.1M-12.2%	$19.4M-17.0%	$23.4M+253.2%	$6.6M	N/A
Current Assets	$12.7M+23.0%	$10.4M-14.1%	$12.1M-45.5%	$22.1M+300.0%	$5.5M	N/A
Cash & Equivalents	$775K+5.2%	$737K-86.9%	$5.6M-72.3%	$20.3M+1605.9%	$1.2M-62.8%	$3.2M
Inventory	$74K-6.0%	$79K-99.9%	$153.9M	N/A	N/A	N/A
Accounts Receivable	$2.2M+4235.7%	$51K+29.1%	$39K-84.7%	$258K-63.3%	$701K	N/A
Goodwill	$4.0M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.1M-9.3%	$16.7M+10.6%	$15.1M+2.5%	$14.7M+3.0%	$14.3M	N/A
Current Liabilities	$10.6M-21.7%	$13.6M+25.5%	$10.8M-13.9%	$12.6M-0.1%	$12.6M	N/A
Long-Term Debt	$2.9M+65.4%	$1.8M-44.9%	$3.2M+53.1%	$2.1M+103.7%	$1.0M	N/A
Total Equity	$9.3M+1193.2%	$718K-83.8%	$4.4M-49.6%	$8.8M+216.4%	-$7.6M-2.5%	-$7.4M
Retained Earnings	-$23.6M-27.1%	-$18.5M-25.0%	-$14.8M-64.7%	-$9.0M-33.2%	-$6.8M	N/A

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q3'21
Total Assets	$24.0M-3.6%	$24.9M+45.5%	$17.1M+38.3%	$12.3M-36.5%	$19.4M-99.9%	$19.4B-17.0%	$23.4B+353109.9%	$6.6M
Current Assets	$12.7M-31.3%	$18.5M+79.0%	$10.4M+9.8%	$9.4M-21.8%	$12.1M-17.6%	$14.6M-33.9%	$22.1M+300.0%	$5.5M
Cash & Equivalents	$775K+465.6%	$137K-81.4%	$737K-37.1%	$1.2M-79.2%	$5.6M-55.7%	$12.7M-37.5%	$20.3M+1605.9%	$1.2M
Inventory	$74K+24.5%	$59K-24.5%	$79K-100.0%	$434.2M+182.2%	$153.9M	N/A	N/A	N/A
Accounts Receivable	$2.2M+1411.8%	$146K+186.8%	$51K-100.0%	$222.2M+465.1%	$39.3M+19786.8%	$198K-23.2%	$258K-63.3%	$701K
Goodwill	$4.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.1M-48.1%	$29.1M+74.7%	$16.7M+71.8%	$9.7M-35.6%	$15.1M-99.9%	$19.4B-17.0%	$23.4B+164016.0%	$14.3M
Current Liabilities	$10.6M-51.0%	$21.7M+59.9%	$13.6M+33.7%	$10.2M-6.1%	$10.8M+4.1%	$10.4M-17.3%	$12.6M-0.1%	$12.6M
Long-Term Debt	$2.9M+202.9%	$965K-45.4%	$1.8M-38.5%	$2.9M-10.4%	$3.2M-5.9%	$3.4M+62.7%	$2.1M+103.7%	$1.0M
Total Equity	$9.3M+337.3%	-$3.9M-645.1%	$718K-72.9%	$2.6M-40.3%	$4.4M-32.9%	$6.6M-25.0%	$8.8M+216.4%	-$7.6M
Retained Earnings	-$23.6M-1.0%	-$23.3M-25.9%	-$18.5M+99.9%	-$16.7B-12.4%	-$14.8B-115875.9%	-$12.8M-42.0%	-$9.0M-33.2%	-$6.8M

GSUN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9K-90.1%	-$5K-16.2%	-$4K-100.5%	$910K+2754.1%	$32K-97.9%	$1.5M
Capital Expenditures	$9-80.1%	$47+12.5%	$42-100.0%	$174K+91.0%	$91K-71.6%	$321K
Free Cash Flow	-$9K-88.5%	-$5K-16.2%	-$4K-100.6%	$736K+1342.5%	-$59K-105.0%	$1.2M
Investing Cash Flow	$165+108.4%	-$2K+79.1%	-$9K+94.6%	-$174K+18.1%	-$213K+86.5%	-$1.6M
Financing Cash Flow	$9K+707.4%	$1K+352.7%	$247-100.0%	$18.6M+1030.1%	-$2.0M-9803.9%	$21K
Dividends Paid	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

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q3'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

GSUN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	2.3%-14.0pp	16.3%-33.0pp	49.3%+4.8pp	44.5%-14.2pp	58.7%+11.4pp	47.3%
Operating Margin	-5.9%+22.7pp	-28.6%+98.8pp	-127.4%-113.2pp	-14.2%-27.2pp	13.0%+12.3pp	0.7%
Net Margin	-14.3%+46.5pp	-60.9%+162.3pp	-223.2%-203.4pp	-19.8%-33.0pp	13.2%+12.6pp	0.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.0%0.0pp	-0.0%0.0pp	-0.0%+9.1pp	-9.1%-39.0pp	29.8%	N/A
Current Ratio	1.20+0.4	0.76-0.4	1.11-0.6	1.76+1.3	0.44	N/A
Debt-to-Equity	0.31-2.1	2.46+1.7	0.72+0.5	0.24+0.4	-0.14	N/A
FCF Margin	-26.3%+55.0pp	-81.3%+82.9pp	-164.2%-171.0pp	6.8%+7.2pp	-0.4%-15.7pp	15.4%

Metric	Q3'25	Q2'25	Q3'24	Q2'24	Q3'23	Q2'23	Q3'22	Q3'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.20+0.3	0.85+0.1	0.76-0.2	0.93-0.2	1.11-0.3	1.41-0.4	1.76+1.3	0.44
Debt-to-Equity	0.31+0.6	-0.25-2.7	2.46+1.4	1.09+0.4	0.72+0.2	0.52+0.3	0.24+0.4	-0.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Golden Sun Health Technology Group Ltd's annual revenue?

Golden Sun Health Technology Group Ltd (GSUN) reported $35K in total revenue for fiscal year 2025. This represents a 482.8% 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 Sun Health Technology Group Ltd's revenue growing?

Golden Sun Health Technology Group Ltd (GSUN) revenue grew by 482.8% year-over-year, from $6K to $35K in fiscal year 2025.

Is Golden Sun Health Technology Group Ltd profitable?

No, Golden Sun Health Technology Group Ltd (GSUN) reported a net income of -$5K in fiscal year 2025, with a net profit margin of -14.3%.

What is Golden Sun Health Technology Group Ltd's EBITDA?

Golden Sun Health Technology Group Ltd (GSUN) had EBITDA of -$2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Golden Sun Health Technology Group Ltd have?

As of fiscal year 2025, Golden Sun Health Technology Group Ltd (GSUN) had $775K in cash and equivalents against $2.9M in long-term debt.

What is Golden Sun Health Technology Group Ltd's gross margin?

Golden Sun Health Technology Group Ltd (GSUN) had a gross margin of 2.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Golden Sun Health Technology Group Ltd's operating margin?

Golden Sun Health Technology Group Ltd (GSUN) had an operating margin of -5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Golden Sun Health Technology Group Ltd's net profit margin?

Golden Sun Health Technology Group Ltd (GSUN) had a net profit margin of -14.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Golden Sun Health Technology Group Ltd's free cash flow?

Golden Sun Health Technology Group Ltd (GSUN) generated -$9K in free cash flow during fiscal year 2025. This represents a -88.5% change compared to the previous fiscal year. 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 Golden Sun Health Technology Group Ltd's operating cash flow?

Golden Sun Health Technology Group Ltd (GSUN) generated -$9K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Golden Sun Health Technology Group Ltd's total assets?

Golden Sun Health Technology Group Ltd (GSUN) had $24.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Golden Sun Health Technology Group Ltd's capital expenditures?

Golden Sun Health Technology Group Ltd (GSUN) invested $9 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Golden Sun Health Technology Group Ltd's current ratio?

Golden Sun Health Technology Group Ltd (GSUN) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.

What is Golden Sun Health Technology Group Ltd's debt-to-equity ratio?

Golden Sun Health Technology Group Ltd (GSUN) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Golden Sun Health Technology Group Ltd's return on assets (ROA)?

Golden Sun Health Technology Group Ltd (GSUN) had a return on assets of -0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Golden Sun Health Technology Group Ltd's cash runway?

Based on fiscal year 2025 data, Golden Sun Health Technology Group Ltd (GSUN) had $775K in cash against an annual operating cash burn of $9K. This gives an estimated cash runway of approximately 998 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 Golden Sun Health Technology Group Ltd's Piotroski F-Score?

Golden Sun Health Technology Group Ltd (GSUN) has a Piotroski F-Score of 3 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 Golden Sun Health Technology Group Ltd's earnings high quality?

Golden Sun Health Technology Group Ltd (GSUN) has an earnings quality ratio of 1.83x, 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.

Can Golden Sun Health Technology Group Ltd cover its interest payments?

Golden Sun Health Technology Group Ltd (GSUN) has an interest coverage ratio of -6.2x, meaning it can struggle to cover its interest obligations. 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 Golden Sun Health Technology Group Ltd?

Golden Sun Health Technology Group Ltd (GSUN) scores 45 out of 100 on our Financial Profile, indicating moderate 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.