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Jingbo Technology Financials

SVMB
Source SEC Filings (10-K/10-Q) Data as of May 31, 2026 Currency USD FYE February

This page shows Jingbo Technology (SVMB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI SVMB FY2026

Jingbo's main mechanic is selling below cost while external financing keeps funding losses amid shrinking liquidity.

Over the last three filings, gross margin improved sharply to -6.4% from -34.0%, meaning unit economics became less damaging even as they stayed negative. Yet operating margin fell to -425.8%, showing the larger problem is now a fixed overhead base that is far too large for the current revenue level.

Liquidity is being funded, not earned: FY2026 brought financing cash of $2.3M, yet cash still ended at only $84K. A 0.2x current ratio and negative equity of -$31.3M show little short-term cushion, so new money is largely replacing burned cash rather than rebuilding working capital.

Cash burn is coming from the operating model, not heavy reinvestment: FY2026 operating cash outflow was -$2.1M and free cash flow was -$2.3M. With capital spending only $134K and gross profit still negative at -$99K, the business is losing cash mainly because sales do not yet cover direct costs and overhead, not because it is spending aggressively to expand.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Jingbo Technology's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress
-1.42

Jingbo Technology scores -1.42, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($666.4M) relative to total liabilities ($39.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
4/9

Jingbo Technology passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.32x

For every $1 of reported earnings, Jingbo Technology generates $0.32 in operating cash flow (-$2.1M OCF vs -$6.7M 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
-103.1x

Jingbo Technology earns $-103.1 in operating income for every $1 of interest expense (-$6.6M vs $64K). 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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Earnings & Revenue

Revenue
$1.5M
YoY-28.0%

Jingbo Technology generated $1.5M in revenue in fiscal year 2026. This represents a decrease of 28.0% from the prior year.

EBITDA
-$6.1M
YoY-31.7%

Jingbo Technology's EBITDA was -$6.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.7% from the prior year.

Net Income
-$6.7M
YoY-11.3%

Jingbo Technology reported -$6.7M in net income in fiscal year 2026. This represents a decrease of 11.3% from the prior year.

EPS (Diluted)
$-0.01
YoY+80.0%

Jingbo Technology earned $-0.01 per diluted share (EPS) in fiscal year 2026. This represents an increase of 80.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$2.3M
YoY-53.4%

Jingbo Technology generated -$2.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 53.4% from the prior year.

Cash & Debt
$84K
YoY-20.1%
5Y CAGR+152.8%
10Y CAGR+21.1%

Jingbo Technology held $84K in cash against $25.6M in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
555M
YoY+0.0%

Jingbo Technology had 555M shares outstanding in fiscal year 2026. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
-6.4%
YoY+12.1pp

Jingbo Technology's gross margin was -6.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 12.1 percentage points from the prior year.

Operating Margin
-425.8%
YoY-169.6pp

Jingbo Technology's operating margin was -425.8% in fiscal year 2026, reflecting core business profitability. This is down 169.6 percentage points from the prior year.

Net Margin
-432.3%
YoY-152.5pp

Jingbo Technology's net profit margin was -432.3% in fiscal year 2026, showing the share of revenue converted to profit. This is down 152.5 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$270K
YoY-24.9%

Jingbo Technology invested $270K in research and development in fiscal year 2026. This represents a decrease of 24.9% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$134K
YoY-13.6%

Jingbo Technology invested $134K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 13.6% from the prior year.

SVMB Income Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $282K-17.4% $341K-4.7% $358K-6.2% $382K-17.3% $462K-29.3% $653K-16.8% $784K+97.9% $396K
Cost of Revenue $192K-72.1% $690K+129.5% $301K-5.1% $317K-5.1% $334K-31.4% $487K-42.2% $841K+20.6% $698K
Gross Profit $90K+125.7% -$349K-708.0% $57K-11.5% $65K-49.2% $128K-23.2% $166K+390.3% -$57K+81.0% -$301K
R&D Expenses $52K-11.7% $59K-31.1% $86K+41.5% $61K-5.8% $64K-21.6% $82K-25.7% $110K+29.1% $86K
SG&A Expenses $570K+1.6% $561K-19.1% $693K-6.8% $744K+49.7% $497K-40.0% $828K+40.8% $588K-39.0% $964K
Operating Income -$598K+87.3% -$4.7M-587.2% -$687K+10.9% -$772K-99.1% -$387K+79.3% -$1.9M-144.7% -$766K+54.2% -$1.7M
Interest Expense $16K+0.4% $16K-0.6% $16K+1.8% $16K+5.4% $15K+102.1% -$710K-4891.9% $15K-55.5% $33K
Income Tax N/A $8K+1496.0% $495+2505.3% $19-99.5% $4K N/A $796 N/A
Net Income -$604K+87.1% -$4.7M-490.4% -$795K-2.1% -$778K-91.9% -$406K-313.0% $190K+125.3% -$753K+82.3% -$4.3M
EPS (Diluted) $-0.00 N/A $-0.000.0% $-0.000.0% $-0.00 N/A $-0.01 $-0.80

SVMB Balance Sheet

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $7.7M-0.7% $7.8M-36.5% $12.2M-1.6% $12.4M+0.6% $12.4M+1.2% $12.2M-12.0% $13.9M+5.4% $13.2M
Current Assets $2.2M-1.0% $2.2M-69.7% $7.3M+0.1% $7.3M+0.3% $7.3M+2.8% $7.1M+10.1% $6.4M+18.5% $5.4M
Cash & Equivalents $107K+27.5% $84K-35.3% $130K-29.7% $185K+29.4% $143K+35.7% $105K-25.9% $142K-88.9% $1.3M
Inventory $130K-13.6% $150K+11.3% $135K+15.6% $117K-22.0% $150K+25.7% $119K-11.5% $134K-1.0% $136K
Accounts Receivable $19K-26.5% $26K-30.2% $37K-52.8% $78K-18.4% $95K-22.4% $123K-64.7% $347K-9.2% $382K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $40.0M+2.5% $39.1M+3.0% $37.9M+2.2% $37.1M+3.0% $36.0M+2.3% $35.2M-1.6% $35.8M+3.2% $34.7M
Current Liabilities $12.3M+2.9% $12.0M-16.8% $14.4M-4.7% $15.1M+6.2% $14.2M+4.1% $13.7M-60.7% $34.8M+3.4% $33.6M
Long-Term Debt $26.2M+2.1% $25.6M+15.9% $22.1M+0.8% $22.0M+1.0% $21.7M+1.2% $21.5M+2124.0% $967K-2.1% $987K
Total Equity -$32.3M-3.2% -$31.3M-21.9% -$25.7M-4.0% -$24.7M-4.2% -$23.7M-2.9% -$23.0M-5.0% -$21.9M-1.8% -$21.5M
Retained Earnings -$42.6M-1.4% -$42.0M-12.6% -$37.3M-2.2% -$36.5M-2.2% -$35.7M-1.1% -$35.3M-4.9% -$33.7M-2.3% -$32.9M

SVMB Cash Flow Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow -$306K+85.0% -$2.0M-5111.2% -$39K+38.0% -$63K-1120.5% $6K+105.2% -$118K+93.6% -$1.8M-1186.3% $170K
Capital Expenditures $58K+31.0% $44K N/A N/A $5K+101.5% -$330K N/A N/A
Free Cash Flow -$364K+82.6% -$2.1M N/A N/A $1K+100.3% -$448K N/A N/A
Investing Cash Flow -$64K+3.4% -$67K+2.0% -$68K-111.7% -$32K-566.6% -$5K-100.4% $1.2M+1486.8% -$85K+43.5% -$151K
Financing Cash Flow $391K-81.1% $2.1M+2380.7% $83K-41.5% $142K+342.3% $32K+102.9% -$1.1M-239.8% $801K+21.4% $659K
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

SVMB Financial Ratios

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 31.8%+133.9pp -102.2%-118.2pp 16.0%-1.0pp 17.0%-10.7pp 27.7%+2.2pp 25.4%+32.8pp -7.3%+68.8pp -76.0%
Operating Margin -212.0%+1171.4pp -1383.3%-1191.4pp -191.9%+10.2pp -202.1%-118.2pp -83.9%+203.1pp -287.1%-189.4pp -97.7%+324.3pp -421.9%
Net Margin -214.4%+1159.8pp -1374.1%-1152.2pp -221.9%-18.0pp -203.9%-116.0pp -87.9%-117.0pp 29.2%+125.1pp -96.0%+979.9pp -1075.8%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -7.8%+52.5pp -60.3%-53.9pp -6.5%-0.2pp -6.3%-3.0pp -3.3%-4.8pp 1.6%+7.0pp -5.4%+26.9pp -32.3%
Current Ratio 0.180.0 0.18-0.3 0.51+0.0 0.48-0.0 0.510.0 0.52+0.3 0.19+0.0 0.16
Debt-to-Equity N/A N/A N/A N/A N/A N/A N/A N/A
FCF Margin -129.0%+481.6pp -610.5% N/A N/A 0.3%+68.9pp -68.6% N/A N/A

Note: Shareholder equity is negative (-$31.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.18), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Jingbo Technology (SVMB) reported $1.5M in total revenue for fiscal year 2026. This represents a -28.0% 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.

Jingbo Technology (SVMB) revenue declined by 28% year-over-year, from $2.1M to $1.5M in fiscal year 2026.

No, Jingbo Technology (SVMB) reported a net income of -$6.7M in fiscal year 2026, with a net profit margin of -432.3%.

Jingbo Technology (SVMB) reported diluted earnings per share of $-0.01 for fiscal year 2026. This represents a 80.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Jingbo Technology (SVMB) had EBITDA of -$6.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Jingbo Technology (SVMB) had $84K in cash and equivalents against $25.6M in long-term debt.

Jingbo Technology (SVMB) had a gross margin of -6.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Jingbo Technology (SVMB) had an operating margin of -425.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Jingbo Technology (SVMB) had a net profit margin of -432.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Jingbo Technology (SVMB) generated -$2.3M in free cash flow during fiscal year 2026. This represents a -53.4% 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.

Jingbo Technology (SVMB) generated -$2.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Jingbo Technology (SVMB) had $7.8M in total assets as of fiscal year 2026, including both current and long-term assets.

Jingbo Technology (SVMB) invested $134K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Jingbo Technology (SVMB) invested $270K in research and development during fiscal year 2026.

Jingbo Technology (SVMB) had 555M shares outstanding as of fiscal year 2026.

Jingbo Technology (SVMB) had a current ratio of 0.18 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

Jingbo Technology (SVMB) had a return on assets of -85.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2026 data, Jingbo Technology (SVMB) had $84K in cash against an annual operating cash burn of $2.1M. This gives an estimated cash runway of approximately 0 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.

Jingbo Technology (SVMB) has negative shareholder equity of -$31.3M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Jingbo Technology (SVMB) has an Altman Z-Score of -1.42, placing it in the Distress Zone (elevated bankruptcy 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.

Jingbo Technology (SVMB) has a Piotroski F-Score of 4 out of 9, indicating neutral 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.

Jingbo Technology (SVMB) has an earnings quality ratio of 0.32x, 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.

Jingbo Technology (SVMB) has an interest coverage ratio of -103.1x, 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.

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