Santech Holdings American (STEC) Financials
Ticker history: STEC became BVC (BitVentures Limited) on . Earlier news and filings retain their original names and dates. View STEC history.
Newest figures come from the 20-F for FY2025, filed Oct 17, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STEC SEC filings page.
Santech Holdings Limited American (STEC) reported $0 in revenue for fiscal year 2025, down 100.0% 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 (20-F and 6-K reports).
Santech’s recent loss reduction reflects lower overhead, but cash generation weakened and liabilities still dominate its capital structure.
In FY2024, revenue grew43.0% while SG&A fell33.0% , helping operating margin improve 18.3 percentage points; however, operating cash flow fell72.9% to$2.56M . The narrower reported loss therefore was not matched by stronger cash momentum, pointing to a recovery that was more visible in expenses than in cash generation.
FY2024 capital spending was
The balance sheet offers limited capital cushion: liabilities were
Financial Health Signals
We do not publish a peer-relative financial health score for Santech Holdings Limited American, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Santech Holdings Limited American passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Santech Holdings Limited American reported a net loss of $5.4M while operations used $6.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Santech Holdings Limited American generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Santech Holdings Limited American's EBITDA was -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1427.9% from the prior year.
Santech Holdings Limited American reported a net loss of $5.4M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Santech Holdings Limited American earned -$0.06 per diluted ADS (EPS) in fiscal year 2025.
Cash & Balance Sheet
Santech Holdings Limited American recorded an outflow of $6.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 352.9% from the prior year.
Santech Holdings Limited American held $950K 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
Santech Holdings Limited American's ROE was -55.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Santech Holdings Limited American invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
STEC 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 | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Revenue | $0-100.0% | $21.8M+43.0% | $15.3M+69.8% | $9.0M-96.8% | $277.1M |
| SG&A Expenses | $2.9M-17.8% | $3.6M-33.0% | $5.3M-21.6% | $6.8M-77.7% | $30.4M |
| Operating Income | -$3.7Mn/m | -$774Kn/m | -$3.3Mn/m | -$5.5M-112.9% | $42.5M |
| EBITDA | -$3.2M-1427.9% | $240Kn/m | -$2.2Mn/m | -$3.8M-108.1% | $46.4M |
| Income Tax | $117Kn/m | $0n/m | $0-100.0% | $5K-100.0% | $13.3M |
| Net Income | -$5.4Mn/m | -$743Kn/m | -$3.5Mn/m | -$6.3M-120.0% | $31.4M |
| EPS (Basic) | -$0.06 | -$0.01n/m | -$0.06n/m | -$0.11 | N/A |
| EPS (Diluted) | -$0.06 | -$0.01n/m | -$0.06n/m | -$0.11 | N/A |
| Diluted Shares (Avg) | 88M | 56M0.0% | 56M0.0% | 56M | 53,520 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
STEC 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 | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Total Assets | $9.9M-40.9% | $16.7M-3.5% | $17.4M-93.5% | $265.7M+12.2% | $236.9M |
| Current Assets | $9.9M-36.2% | $15.5M+19.8% | $12.9M-93.5% | $200.0M-12.5% | $228.6M |
| Cash & Equivalents | $950K-92.9% | $13.3M+5.5% | $12.6M+268.0% | $3.4M-95.0% | $68.0M |
| Short-Term Investments | $8.8Mn/m | $0 | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | $84.1M-8.6% | $92.0M |
| Long-Term Investments | N/A | $0 | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | $11.2M | N/A |
| Total Liabilities | $158K-98.9% | $14.2M+0.2% | $14.2M-94.6% | $259.8M+15.0% | $225.8M |
| Current Liabilities | $158K-98.9% | $13.9M+11.3% | $12.5M-89.2% | $116.2M-5.7% | $123.2M |
| Non-Current Liabilities | $0-100.0% | $250K-84.7% | $1.6M+133.6% | $699K-66.9% | $2.1M |
| Total Equity | $9.7M+279.8% | $2.6M-20.0% | $3.2M-45.9% | $5.9M-46.5% | $11.1M |
| Retained Earnings | -$36.1Mn/m | -$30.7Mn/m | -$30.0M-157.7% | $51.9M+147.4% | $21.0M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
STEC 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Operating Cash Flow | -$6.5M-352.8% | $2.6M-72.9% | $9.4Mn/m | -$107K-100.2% | $50.5M |
| Depreciation & Amortization | $498K-50.9% | $1.0M-13.8% | $1.2M-31.3% | $1.7M-55.7% | $3.9M |
| Stock-Based Compensation | $236K+131.4% | $102K-86.5% | $753K-33.8% | $1.1M-65.7% | $3.3M |
| Capital Expenditures | $2Kn/m | $0n/m | $0 | N/A | $1.8M |
| Free Cash Flow | -$6.5M-352.9% | $2.6M-72.9% | $9.4M | N/A | $48.7M |
| Investing Cash Flow | -$8.8Mn/m | $0n/m | -$256Kn/m | -$44.4Mn/m | -$2.2M |
| Financing Cash Flow | $1.0Mn/m | $0n/m | $0n/m | -$155K-100.6% | $28.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
STEC 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 | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Operating Margin | N/A | -3.5%+18.3pp | -21.9%+39.1pp | -61.0%-76.3pp | 15.3% |
| Net Margin | N/A | -3.4%+19.3pp | -22.7%+47.0pp | -69.8%-81.1pp | 11.3% |
| Return on Equity | -55.2%-26.2pp | -29.0%+79.3pp | -108.3%-2.3pp | -106.0%-389.7pp | 283.8% |
| Return on Assets | -54.3%-49.9pp | -4.4%+15.6pp | -20.0%-17.6pp | -2.4%-15.6pp | 13.2% |
| Current Ratio | 62.56+61.4x | 1.11+0.1x | 1.03-0.7x | 1.72-0.1x | 1.86 |
| Liabilities-to-Equity | 0.02-5.5x | 5.53+1.1x | 4.42-39.5x | 43.89+23.5x | 20.43 |
| Asset Turnover | 0.00-1.3x | 1.30+0.4x | 0.88+0.8x | 0.03-1.1x | 1.17 |
| FCF Margin | N/A | 11.8%-50.2pp | 61.9% | N/A | 17.6% |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.
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 |
|---|---|---|---|---|---|---|
| Santech Holdings Limited American STEC | FY2025 | $0 | -$5.4M | N/A | N/A | — |
| Kingsoft Cloud Holdings Limited KC | FY2025 | $1.4B | -$133.9M | -9.8% | $2.3B | 52/100 |
| Karooooo Ltd. KARO | FY2026 | $344.2M | $62.4M | 18.1% | $2.0B | 73/100 |
| Upbound Group, Inc. UPBD | FY2025 | $4.7B | $73.2M | 1.6% | $1.5B | 43/100 |
| AMTD Digital Inc. HKD | FY2025 | $136.1M | $97.0M | 71.3% | $433.7M | 58/100 |
| mF International Limited MFI | FY2025 | $4.3M | $10.1M | N/A | $380.6M | 36/100 |
Where Santech Holdings Limited American Ranks
Frequently Asked Questions
Santech Holdings Limited American (STEC) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% 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.
Santech Holdings Limited American (STEC) revenue declined by 100.0% year-over-year, from $21.8M to $0 in fiscal year 2025.
No, Santech Holdings Limited American (STEC) reported a net loss of $5.4M in fiscal year 2025.
Santech Holdings Limited American (STEC) had EBITDA of -$3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Santech Holdings Limited American (STEC) has a return on equity of -55.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Santech Holdings Limited American (STEC) recorded an outflow of $6.5M in free cash flow during fiscal year 2025. This represents a -352.9% 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.
Santech Holdings Limited American (STEC) recorded an outflow of $6.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Santech Holdings Limited American (STEC) had $9.9M in total assets as of fiscal year 2025, including both current and long-term assets.
Santech Holdings Limited American (STEC) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Santech Holdings Limited American (STEC) had a current ratio of 62.56 as of fiscal year 2025, which is generally considered healthy.
Santech Holdings Limited American (STEC) had a liabilities-to-equity ratio of 0.02 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.
Santech Holdings Limited American (STEC) had a return on assets of -54.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Santech Holdings Limited American (STEC) has a Piotroski F-Score of 1 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.
Santech Holdings Limited American (STEC) reported a net loss of $5.4M while operations used $6.5M 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.