Smart Digital Group (SDM) Financials
Newest figures come from the 20-F for FY2025, filed Feb 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SDM SEC filings page.
Smart Digital Group Limited (SDM) reported $37.2M in revenue for fiscal year 2025, up 72.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 (20-F and 6-K reports).
Rapid revenue growth and a sharp SG&A increase turned a previously profitable model into a cash-consuming business.
From FY2024 to FY2025, revenue rose72.9% while gross profit increased28.3% , so additional sales produced relatively little extra gross profit. Meanwhile, SG&A rose695.0% , turning operating income from profit to loss; the breakdown reflects cost structure more than merely weaker demand.
The accounting loss and cash flow diverged: FY2025 net loss was
Total liabilities fell
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 Smart Digital Group Limited'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.
Smart Digital Group Limited's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 9/100.
Smart Digital Group Limited's revenue surged 72.9% year-over-year to $37.2M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
Smart Digital Group Limited's current ratio of 2.14 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
Smart Digital Group Limited's operations used $5.6M of cash, and capex of $44K added to the outflow, for a free cash flow shortfall of $5.6M. This results in a cash flow score of 12/100.
Smart Digital Group Limited posts a -422.4% return on equity (ROE), meaning it loses $422 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from 26.6% the prior year.
Smart Digital Group Limited passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Smart Digital Group Limited reported a net loss of $37.8M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Smart Digital Group Limited reported an operating loss of $37.9M against $8K 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
Smart Digital Group Limited generated $37.2M in revenue in fiscal year 2025. This represents an increase of 72.9% from the prior year.
Smart Digital Group Limited's EBITDA was -$37.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1920.3% from the prior year.
Smart Digital Group Limited reported a net loss of $37.8M in fiscal year 2025. This represents a decrease of 2330.6% from the prior year.
Smart Digital Group Limited earned -$1.40 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2100.0% from the prior year.
Cash & Balance Sheet
Smart Digital Group Limited recorded an outflow of $5.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Smart Digital Group Limited held $251K in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Smart Digital Group Limited's gross margin was 10.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Smart Digital Group Limited's ROE was -422.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 449.0 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.
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
Smart Digital Group Limited invested $44K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SDM 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 |
|---|---|---|---|
| Revenue | $37.2M+72.9% | $21.5M+121.8% | $9.7M |
| Cost of Revenue | $33.5M+79.8% | $18.6M+186.6% | $6.5M |
| Gross Profit | $3.7M+28.3% | $2.9M-9.3% | $3.2M |
| SG&A Expenses | $6.7M+695.0% | $841K-9.1% | $925K |
| Operating Income | -$37.9M-1931.0% | $2.1M-9.3% | $2.3M |
| EBITDA | -$37.9M-1920.3% | $2.1M-9.2% | $2.3M |
| Interest Expense | $8K-54.6% | $17K-16.3% | $20K |
| Income Tax | -$114K-132.1% | $354K+30.5% | $272K |
| Net Income | -$37.8M-2330.6% | $1.7M-14.9% | $2.0M |
| EPS (Basic) | -$1.40-2100.0% | $0.07-12.5% | $0.08 |
| EPS (Diluted) | -$1.40-2100.0% | $0.07-12.5% | $0.08 |
Not reported in any period shown, so not listed: R&D Expenses, Diluted Shares (Avg).
SDM 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 |
|---|---|---|---|
| Total Assets | $14.6M+7.7% | $13.5M | N/A |
| Current Assets | $11.8M-10.0% | $13.1M | N/A |
| Cash & Equivalents | $251K+334.9% | $58K-60.0% | $145K |
| Short-Term Investments | $0n/m | $0n/m | $0 |
| Accounts Receivable | $10.6M+3.8% | $10.2M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0 |
| Total Liabilities | $5.6M-21.6% | $7.1M | N/A |
| Current Liabilities | $5.5M-20.3% | $6.9M | N/A |
| Non-Current Liabilities | $73K-64.4% | $204K | N/A |
| Total Equity | $9.0M+40.5% | $6.4M+38.5% | $4.6M |
| Retained Earnings | -$31.5M-598.6% | $6.3M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
SDM 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.
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SDM 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 |
|---|---|---|---|
| Gross Margin | 10.1%-3.5pp | 13.5%-19.6pp | 33.1% |
| Operating Margin | -102.0% | 9.6%-13.9pp | 23.6% |
| Net Margin | -101.7% | 7.9%-12.7pp | 20.5% |
| Return on Equity | -422.4%-449.0pp | 26.6%-16.7pp | 43.3% |
| Return on Assets | -259.9%-272.4pp | 12.5% | N/A |
| Current Ratio | 2.14+0.2x | 1.89 | N/A |
| Liabilities-to-Equity | 0.63-0.5x | 1.12 | N/A |
| Asset Turnover | 2.55+1.0x | 1.59 | N/A |
| FCF Margin | -15.0% | N/A | -2.3% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Smart Digital Group Limited SDM | FY2025 | $37.2M | -$37.8M | N/A | N/A | 41/100 |
| Star Fashion Culture Holdings Limited STFS | FY2026 | $31.0M | -$4.2M | -13.7% | $85.8M | 52/100 |
| Everbright Digital Holding Limited EDHL | FY2025 | $1.9M | -$2.2M | N/A | $36.3M | 37/100 |
| Dreamland Limited TDIC | FY2026 | $6.5M | -$9.4M | N/A | $5.6M | 40/100 |
| 36Kr Holdings Inc. KRKR | FY2025 | $32.6M | $1.6M | 4.9% | $5.4M | 22/100 |
| ZW Data Action Technologies Inc. CNET | FY2025 | $4.6M | -$1.8M | -38.4% | $3.3M | 35/100 |
Where Smart Digital Group Limited Ranks
Frequently Asked Questions
Smart Digital Group Limited (SDM) reported $37.2M in total revenue for fiscal year 2025. This represents a 72.9% 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.
Smart Digital Group Limited (SDM) revenue grew by 72.9% year-over-year, from $21.5M to $37.2M in fiscal year 2025.
No, Smart Digital Group Limited (SDM) reported a net loss of $37.8M in fiscal year 2025.
Smart Digital Group Limited (SDM) had EBITDA of -$37.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Smart Digital Group Limited (SDM) had a gross margin of 10.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Smart Digital Group Limited (SDM) has a return on equity of -422.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Smart Digital Group Limited (SDM) recorded an outflow of $5.6M 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.
Smart Digital Group Limited (SDM) recorded an outflow of $5.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Smart Digital Group Limited (SDM) had $14.6M in total assets as of fiscal year 2025, including both current and long-term assets.
Smart Digital Group Limited (SDM) invested $44K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Smart Digital Group Limited (SDM) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.
Smart Digital Group Limited (SDM) had a liabilities-to-equity ratio of 0.63 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.
Smart Digital Group Limited (SDM) had a return on assets of -259.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, Smart Digital Group Limited (SDM) held $251K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.6M over that year. Dividing the one by the other, the reported balance equals about 1 month 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.
Smart Digital Group Limited (SDM) has a Piotroski F-Score of 3 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.
Smart Digital Group Limited (SDM) reported a net loss of $37.8M while operations used $5.6M 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.
Smart Digital Group Limited (SDM) reported an operating loss of $37.9M against $8K 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.
Smart Digital Group Limited (SDM) scores 41 out of 100 on our Financial Health Score, indicating moderate 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.