OSR Holdings, Inc. Financials
This page shows OSR Holdings, Inc. (OSRH) 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).
FY2025 shows a recapitalized balance sheet wrapped around a business whose operating scale still trails its overhead burden.
FY2025’s cleaner balance sheet came from recapitalization, not cash generation: operating cash flow was still-$4.3M while total liabilities fell to$44.2M . The jump in shares outstanding from 2.2M to 26.6M explains how equity turned positive, so the repair was funded by new equity capacity rather than profits.
In FY2025, gross profit covered only a sliver of overhead: gross profit was
The reported loss is a poor guide to near-term cash use: net loss was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of OSR Holdings, 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.
OSR Holdings, Inc. has an operating margin of -631.0%, meaning the company retains $-631 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 down from -331.2% the prior year.
OSR Holdings, Inc. carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
OSR Holdings, Inc.'s current ratio of 0.16 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
OSR Holdings, Inc. generates a -21.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
OSR Holdings, Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, OSR Holdings, Inc. generates $0.16 in operating cash flow (-$4.3M OCF vs -$27.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
OSR Holdings, Inc. earns $-36.2 in operating income for every $1 of interest expense (-$18.3M vs $506K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
OSR Holdings, Inc. generated $2.9M in revenue in fiscal year 2025. This represents a decrease of 17.7% from the prior year.
OSR Holdings, Inc.'s EBITDA was -$9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 339.3% from the prior year.
OSR Holdings, Inc. reported -$27.1M in net income in fiscal year 2025. This represents a decrease of 1022.4% from the prior year.
OSR Holdings, Inc. earned $-0.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 83.3% from the prior year.
Cash & Balance Sheet
OSR Holdings, Inc. held $1.7M in cash against $0 in long-term debt as of fiscal year 2025.
OSR Holdings, Inc. had 27M shares outstanding in fiscal year 2025. This represents an increase of 1134.2% from the prior year.
Margins & Returns
OSR Holdings, Inc.'s gross margin was 20.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.
OSR Holdings, Inc.'s operating margin was -631.0% in fiscal year 2025, reflecting core business profitability. This is down 299.8 percentage points from the prior year.
OSR Holdings, Inc.'s net profit margin was -931.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 862.9 percentage points from the prior year.
OSR Holdings, Inc.'s ROE was -21.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
OSR Holdings, Inc. invested $318K in research and development in fiscal year 2025. This represents an increase of 97.6% from the prior year.
OSRH Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $381K-39.3% | $628K-44.7% | $1.1M+49.2% | $761K-16.8% | $915K+11.2% | $823K-6.7% | $882K-3.1% | $910K |
| Cost of Revenue | $252K-31.3% | $366K-66.8% | $1.1M+86.1% | $593K-21.5% | $755K+17.3% | $644K-0.9% | $650K-3.1% | $670K |
| Gross Profit | $130K-50.4% | $262K+698.4% | $33K-80.6% | $169K+5.4% | $160K-10.6% | $179K-22.9% | $232K-3.1% | $240K |
| R&D Expenses | N/A | N/A | N/A | $90K | N/A | N/A | N/A | $47K |
| SG&A Expenses | $6.5M+60.3% | $4.1M-22.7% | $5.3M+70.5% | $3.1M+74.1% | $1.8M-52.7% | $3.7M+8.8% | $3.4M-2.8% | $3.5M |
| Operating Income | -$6.4M-67.9% | -$3.8M+27.3% | -$5.2M-79.2% | -$2.9M-80.9% | -$1.6M+54.8% | -$3.6M-11.1% | -$3.2M+2.8% | -$3.3M |
| Interest Expense | $409K+832.4% | $44K+18.8% | $37K+125.2% | $16K-59.1% | $40K+339.8% | $9K+340.3% | $2K+3134.4% | $64 |
| Income Tax | N/A | -$1.3M | N/A | N/A | -$451K-222.9% | -$140K+85.7% | -$974K-24340775.0% | $4 |
| Net Income | -$7.2M-126.8% | -$3.2M+38.9% | -$5.2M+54.1% | -$11.4M-463.4% | -$2.0M-775.6% | -$231K-137.4% | -$97K-61.0% | -$60K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $-0.06-200.0% | $-0.02-100.0% | $-0.01 |
OSRH Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $171.2M-3.4% | $177.3M-4.4% | $185.4M+6.2% | $174.6M-0.4% | $175.2M+737.4% | $20.9M+1.4% | $20.6M-44.6% | $37.3M |
| Current Assets | $2.8M-12.1% | $3.2M+11.4% | $2.9M-17.1% | $3.5M+49.0% | $2.3M+5773.8% | $40K-76.3% | $167K+144.7% | $68K |
| Cash & Equivalents | $1.7M-21.9% | $2.2M+37.4% | $1.6M-0.7% | $1.6M+367.2% | $342K+2691.3% | $12K-89.7% | $119K+3175.1% | $4K |
| Inventory | $196K+6.1% | $185K-6.9% | $199K-73.0% | $737K-20.1% | $922K | N/A | N/A | N/A |
| Accounts Receivable | $319K-34.7% | $489K-34.1% | $743K-6.5% | $795K-12.2% | $904K | N/A | N/A | N/A |
| Goodwill | $24.9M-2.3% | $25.5M-3.3% | $26.4M+8.1% | $24.4M+0.2% | $24.4M | N/A | N/A | $26.6M |
| Total Liabilities | $44.2M+2.5% | $43.1M-6.8% | $46.3M+9.4% | $42.3M-77.0% | $183.6M+588.1% | $26.7M+4.5% | $25.5M-38.6% | $41.6M |
| Current Liabilities | $17.2M+14.2% | $15.0M-5.2% | $15.9M+14.2% | $13.9M+300.9% | $3.5M-12.1% | $3.9M+15.3% | $3.4M+24.5% | $2.7M |
| Long-Term Debt | N/A | $0 | N/A | $253K-49.1% | $498K | N/A | N/A | N/A |
| Total Equity | $127.0M-5.3% | $134.2M-3.6% | $139.2M+5.2% | $132.3M+1687.4% | -$8.3M-44.8% | -$5.8M-17.3% | -$4.9M-13.8% | -$4.3M |
| Retained Earnings | -$37.2M-15.0% | -$32.3M-7.1% | -$30.2M+1.3% | -$30.6M-59.4% | -$19.2M-233.2% | -$5.8M-17.3% | -$4.9M-13.8% | -$4.3M |
OSRH Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M+60.5% | -$2.7M-461.8% | -$483K-653.3% | -$64K+64.6% | -$181K+73.6% | -$686K-42.1% | -$483K+3.1% | -$499K |
| 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 | -$2.6M-254.2% | -$727K-37.5% | -$528K-144.6% | $1.2M+731.3% | -$188K-176.6% | $245K+11.7% | $220K-3.1% | $227K |
| Financing Cash Flow | $3.2M-22.0% | $4.1M+361.7% | $891K+496.8% | $149K-53.5% | $322K-4.9% | $338K+30.9% | $258K-3.1% | $267K |
| 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 | $19.2M | $0 | N/A | N/A |
OSRH Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.0%-7.7pp | 41.7%+38.8pp | 2.9%-19.3pp | 22.2%+4.7pp | 17.5%-4.3pp | 21.8%-4.6pp | 26.4%0.0pp | 26.4% |
| Operating Margin | -1674.8%-1068.9pp | -605.9%-145.4pp | -460.5%-77.2pp | -383.3%-207.0pp | -176.2%+257.1pp | -433.4%-69.3pp | -364.0%-1.2pp | -362.8% |
| Net Margin | -1900.4%-1391.5pp | -508.9%-48.8pp | -460.2%+1036.4pp | -1496.5%-1275.6pp | -220.9%-192.9pp | -28.1%-17.0pp | -11.0%-4.4pp | -6.6% |
| Return on Equity | -5.7%-3.3pp | -2.4%+1.4pp | -3.8%+4.8pp | -8.6% | N/A | N/A | N/A | N/A |
| Return on Assets | -4.2%-2.4pp | -1.8%+1.0pp | -2.8%+3.7pp | -6.5%-5.4pp | -1.1%-0.1pp | -1.1%-0.6pp | -0.5%-0.3pp | -0.2% |
| Current Ratio | 0.16-0.0 | 0.21+0.0 | 0.18-0.1 | 0.25-0.4 | 0.67+0.7 | 0.01-0.0 | 0.05+0.0 | 0.02 |
| Debt-to-Equity | 0.35+0.3 | 0.00-0.3 | 0.33+0.3 | 0.00+0.1 | -0.06+4.6 | -4.64+0.6 | -5.21+4.4 | -9.65 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.16), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is OSR Holdings, Inc.'s annual revenue?
OSR Holdings, Inc. (OSRH) reported $2.9M in total revenue for fiscal year 2025. This represents a -17.7% 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 OSR Holdings, Inc.'s revenue growing?
OSR Holdings, Inc. (OSRH) revenue declined by 17.7% year-over-year, from $3.5M to $2.9M in fiscal year 2025.
Is OSR Holdings, Inc. profitable?
No, OSR Holdings, Inc. (OSRH) reported a net income of -$27.1M in fiscal year 2025, with a net profit margin of -931.2%.
What is OSR Holdings, Inc.'s EBITDA?
OSR Holdings, Inc. (OSRH) had EBITDA of -$9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is OSR Holdings, Inc.'s gross margin?
OSR Holdings, Inc. (OSRH) had a gross margin of 20.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is OSR Holdings, Inc.'s operating margin?
OSR Holdings, Inc. (OSRH) had an operating margin of -631.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is OSR Holdings, Inc.'s net profit margin?
OSR Holdings, Inc. (OSRH) had a net profit margin of -931.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is OSR Holdings, Inc.'s return on equity (ROE)?
OSR Holdings, Inc. (OSRH) has a return on equity of -21.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is OSR Holdings, Inc.'s operating cash flow?
OSR Holdings, Inc. (OSRH) generated -$4.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are OSR Holdings, Inc.'s total assets?
OSR Holdings, Inc. (OSRH) had $171.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does OSR Holdings, Inc. spend on research and development?
OSR Holdings, Inc. (OSRH) invested $318K in research and development during fiscal year 2025.
What is OSR Holdings, Inc.'s current ratio?
OSR Holdings, Inc. (OSRH) had a current ratio of 0.16 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is OSR Holdings, Inc.'s debt-to-equity ratio?
OSR Holdings, Inc. (OSRH) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is OSR Holdings, Inc.'s return on assets (ROA)?
OSR Holdings, Inc. (OSRH) had a return on assets of -15.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is OSR Holdings, Inc.'s cash runway?
Based on fiscal year 2025 data, OSR Holdings, Inc. (OSRH) had $1.7M in cash against an annual operating cash burn of $4.3M. This gives an estimated cash runway of approximately 5 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 OSR Holdings, Inc.'s Piotroski F-Score?
OSR Holdings, Inc. (OSRH) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are OSR Holdings, Inc.'s earnings high quality?
OSR Holdings, Inc. (OSRH) has an earnings quality ratio of 0.16x, 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 OSR Holdings, Inc. cover its interest payments?
OSR Holdings, Inc. (OSRH) has an interest coverage ratio of -36.2x, 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 OSR Holdings, Inc.?
OSR Holdings, Inc. (OSRH) scores 16 out of 100 on our Financial Profile, indicating weak 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.