Linkage Global Inc Financials
Linkage Global Inc (LGCB) reported $5.1M in revenue for fiscal year 2025, down 50.5% 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).
High gross margins now coexist with an expense structure and financing dependence that dominate Linkage Global’s operating model
In FY2025, the gross margin expanded to72.6% , yet selling, general and administrative expense reached$6.3M against$3.7M of gross profit. The result was a net margin of -144.5%: product-level economics improved, but corporate spending more than absorbed the gross profit generated.
The balance sheet became less debt-dependent: debt-to-equity fell from 0.6x in FY2023 to 0.0x in FY2025, while the current ratio reached 5.1x. However, FY2025 financing inflow of
Cash use is now primarily operational rather than reinvestment-heavy: FY2025 free cash flow was
Financial Health Signals
Scored against emerging 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 Linkage Global Inc'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.
Not available for Linkage Global Inc, and counted as zero in the overall score.
Linkage Global Inc 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 ($20.0M) relative to total liabilities ($5.0M). 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.
Linkage Global Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Linkage Global Inc reported a net loss of $7.4M while operations used $4.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Linkage Global Inc reported an operating loss of $4.6M against $78 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Linkage Global Inc generated $5.1M in revenue in fiscal year 2025. This represents a decrease of 50.5% from the prior year.
Linkage Global Inc's EBITDA was -$4.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 44144.3% from the prior year.
Linkage Global Inc reported -$7.4M in net income in fiscal year 2025. This represents a decrease of 1577.1% from the prior year.
Cash & Balance Sheet
Linkage Global Inc recorded an outflow of $4.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Linkage Global Inc held $735K in cash against $670K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Linkage Global Inc's gross margin was 72.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 32.1 percentage points from the prior year.
Linkage Global Inc's operating margin was -90.4% in fiscal year 2025, reflecting core business profitability. This is down 89.7 percentage points from the prior year.
Linkage Global Inc's ROE was -45.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 38.9 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Linkage Global Inc invested $585K in research and development in fiscal year 2025. This represents an increase of 93.6% from the prior year.
Linkage Global Inc invested $171K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
LGCB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
LGCB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|
| Total Assets | $21.4M+9.0% | $19.6M+54.3% | $12.7M+19.4% | $10.6M+17.1% | $9.1M+20.6% | $7.5M |
| Current Assets | $20.7M+9.0% | $19.0M+59.1% | $12.0M+23.9% | $9.6M+35.4% | $7.1M | N/A |
| Cash & Equivalents | $735K+123.9% | $328K-83.6% | $2.0M+80.7% | $1.1M-70.0% | $3.7M+107.2% | $1.8M |
| Inventory | $2K-94.3% | $36K-46.2% | $66K-90.2% | $680K+100.0% | $340K | N/A |
| Accounts Receivable | $5.0M-22.4% | $6.4M+1.6% | $6.3M+213.4% | $2.0M-7.1% | $2.2M | N/A |
| Total Liabilities | $5.0M-60.3% | $12.6M+123.1% | $5.7M-20.6% | $7.1M+12.5% | $6.3M+9.3% | $5.8M |
| Current Liabilities | $4.1M-64.7% | $11.6M+163.9% | $4.4M-6.7% | $4.7M+27.4% | $3.7M | N/A |
| Long-Term Debt | $670K-8.7% | $734K-12.6% | $840K-57.9% | $2.0M-24.8% | $2.7M | N/A |
| Total Equity | $16.3M+135.3% | $6.9M-1.2% | $7.0M+100.9% | $3.5M+27.9% | $2.7M+58.4% | $1.7M |
| Retained Earnings | -$5.8M-290.4% | -$1.5M-191.4% | $1.6M-21.4% | $2.1M-24.4% | $2.7M | N/A |
Not reported in any period shown, so not listed: Goodwill.
LGCB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
LGCB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|
| Current Ratio | 5.08+3.4x | 1.64-1.1x | 2.73+0.7x | 2.05+0.1x | 1.93 | N/A |
| Debt-to-Equity | 0.04-0.1x | 0.110.0x | 0.12-0.5x | 0.57-0.4x | 0.97-2.4x | 3.36 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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Where Linkage Global Inc Ranks
Frequently Asked Questions
What is Linkage Global Inc's annual revenue?
Linkage Global Inc (LGCB) reported $5.1M in total revenue for fiscal year 2025. This represents a -50.5% 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 Linkage Global Inc's revenue growing?
Linkage Global Inc (LGCB) revenue declined by 50.5% year-over-year, from $10.3M to $5.1M in fiscal year 2025.
Is Linkage Global Inc profitable?
No, Linkage Global Inc (LGCB) reported a net income of -$7.4M in fiscal year 2025.
What is Linkage Global Inc's EBITDA?
Linkage Global Inc (LGCB) had EBITDA of -$4.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Linkage Global Inc have?
As of fiscal year 2025, Linkage Global Inc (LGCB) had $735K in cash and equivalents against $670K in long-term debt.
What is Linkage Global Inc's gross margin?
Linkage Global Inc (LGCB) had a gross margin of 72.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Linkage Global Inc's operating margin?
Linkage Global Inc (LGCB) had an operating margin of -90.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Linkage Global Inc's return on equity (ROE)?
Linkage Global Inc (LGCB) has a return on equity of -45.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Linkage Global Inc's free cash flow?
Linkage Global Inc (LGCB) recorded an outflow of $4.9M in free cash flow during fiscal year 2025. 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 Linkage Global Inc's operating cash flow?
Linkage Global Inc (LGCB) recorded an outflow of $4.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Linkage Global Inc's total assets?
Linkage Global Inc (LGCB) had $21.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Linkage Global Inc's capital expenditures?
Linkage Global Inc (LGCB) invested $171K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Linkage Global Inc spend on research and development?
Linkage Global Inc (LGCB) invested $585K in research and development during fiscal year 2025.
What is Linkage Global Inc's current ratio?
Linkage Global Inc (LGCB) had a current ratio of 5.08 as of fiscal year 2025, which is generally considered healthy.
What is Linkage Global Inc's debt-to-equity ratio?
Linkage Global Inc (LGCB) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Linkage Global Inc's return on assets (ROA)?
Linkage Global Inc (LGCB) had a return on assets of -34.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Linkage Global Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Linkage Global Inc (LGCB) held $735K in cash, cash equivalents and investments, and reported an operating cash outflow of $4.7M over that year. Dividing the one by the other, the reported balance equals about 2 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.
What is Linkage Global Inc's Altman Z-Score?
Linkage Global Inc (LGCB) 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 Linkage Global Inc's Piotroski F-Score?
Linkage Global Inc (LGCB) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 Linkage Global Inc's earnings high quality?
Linkage Global Inc (LGCB) reported a net loss of $7.4M while operations used $4.7M 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.
Can Linkage Global Inc cover its interest payments?
Linkage Global Inc (LGCB) reported an operating loss of $4.6M against $78 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Linkage Global Inc?
Linkage Global Inc (LGCB) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.