VIP PLAY INC Financials

VIPZ

Source SEC Filings (10-K/10-Q) Updated Feb 17, 2026 Currency USD FYE June

This page shows VIP PLAY INC (VIPZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

VIP PLAY INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.55x

For every $1 of reported earnings, VIP PLAY INC generates $0.55 in operating cash flow (-$10.4M OCF vs -$18.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$18.9M

YoY+37.9%

VIP PLAY INC reported -$18.9M in net income in fiscal year 2025. This represents an increase of 37.9% from the prior year.

EPS (Diluted)

$-0.26

YoY+52.7%

VIP PLAY INC earned $-0.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 52.7% from the prior year.

Cash & Debt

$163K

YoY-26.5%

5Y CAGR+33.9%

VIP PLAY INC held $163K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

73M

YoY+2.0%

VIP PLAY INC had 73M shares outstanding in fiscal year 2025. This represents an increase of 2.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

VIPZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	$78K+66.2%	$47K+75.5%	$27K
Cost of Revenue	$510K-61.4%	$1.3M+2720.1%	$47K-25.9%	$63K+43.8%	$44K+76.8%	$25K
Gross Profit	-$596K+83.5%	-$3.6M-4229.6%	-$84K-648.8%	$15K+370.2%	$3K+60.0%	$2K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.6M-11.1%	$2.9M+54.3%	$1.9M+391.6%	$383K+682.6%	$49K+557.2%	$7K
Operating Income	N/A	N/A	N/A	-$633K-1286.7%	-$46K	N/A
Interest Expense	$97K-50.5%	$195K+81122.5%	$240-93.1%	$4K-41.6%	$6K	N/A
Income Tax	N/A	N/A	N/A	$0	$0	$0
Net Income	-$18.9M+37.9%	-$30.4M-168.0%	-$11.3M-1483.6%	-$716K-1286.5%	-$52K-580.1%	-$8K
EPS (Diluted)	$-0.26+52.7%	$-0.55-71.9%	$-0.32-1500.0%	$-0.02	N/A	N/A

Metric	Q2'26	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24
Revenue	$72-99.9%	$72K+1340.0%	$5K	N/A	$497-97.7%	$22K	N/A	N/A
Cost of Revenue	$267-99.9%	$267K+39.8%	$191K	N/A	$143K+32.2%	$108K+12.5%	$96K	N/A
Gross Profit	-$195+99.9%	-$195K-4.8%	-$186K	N/A	-$142K-65.5%	-$86K+14.0%	-$100K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$589-99.9%	$589K-26.7%	$803K	N/A	$457K-29.8%	$651K-34.2%	$989K	N/A
Operating Income	$2K+100.1%	-$2.4M+16.6%	-$2.9M	N/A	N/A	-$8.6M-230.3%	-$2.6M	N/A
Interest Expense	$1-100.0%	$8K-38.5%	$13K	N/A	N/A	$26K-16.1%	$31K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$8K-99.9%	$7.8M+323.1%	-$3.5M	N/A	-$5.1M+14.3%	-$5.9M-11.1%	-$5.3M	N/A
EPS (Diluted)	$0.070.0%	$0.07+240.0%	$-0.05	N/A	$-0.07+12.5%	$-0.08-14.3%	$-0.07	N/A

VIPZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.7M-59.9%	$9.4M-38.9%	$15.3M+19564.3%	$78K-28.3%	$109K+30.0%	$84K
Current Assets	$2.9M+129.6%	$1.2M-19.6%	$1.5M+1931.1%	$76K-28.7%	$107K+28.2%	$84K
Cash & Equivalents	$163K-26.5%	$222K-33.6%	$334K+404.2%	$66K-25.2%	$89K+133.6%	$38K
Inventory	N/A	N/A	N/A	$992-88.1%	$8K-81.5%	$45K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	$0	N/A	N/A
Total Liabilities	$35.5M+57.6%	$22.5M+43.2%	$15.7M+2465.3%	$613K+451.0%	$111K+46.3%	$76K
Current Liabilities	$35.5M+61.2%	$22.0M+48.0%	$14.9M+2326.7%	$613K+451.0%	$111K+46.3%	$76K
Long-Term Debt	N/A	$1.1M	N/A	N/A	N/A	N/A
Total Equity	-$31.8M-132.7%	-$13.7M-3053.5%	-$433K+19.2%	-$536K-19347.7%	-$3K-137.2%	$7K
Retained Earnings	-$63.1M-45.1%	-$43.5M-231.6%	-$13.1M-1592.3%	-$775K-1208.8%	-$59K-680.1%	-$8K

Metric	Q2'26	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24
Total Assets	N/A	$3.9M+2.6%	$3.8M+0.9%	$3.7M+63.0%	$2.3M+86.5%	$1.2M-84.9%	$8.2M-12.6%	$9.4M
Current Assets	N/A	$2.8M+2.6%	$2.8M-3.1%	$2.9M+61.8%	$1.8M+92.8%	$917K-14.1%	$1.1M-14.3%	$1.2M
Cash & Equivalents	N/A	$241K-22.5%	$311K+90.8%	$163K+76.4%	$92K+24.8%	$74K-78.4%	$342K+54.2%	$222K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$31.2M-20.0%	$39.0M+9.7%	$35.5M+14.3%	$31.1M+21.3%	$25.6M-3.6%	$26.6M+17.9%	$22.5M
Current Liabilities	N/A	$31.2M-18.4%	$38.2M+7.5%	$35.5M+14.3%	$31.1M+25.1%	$24.8M-5.3%	$26.2M+19.1%	$22.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1M
Total Equity	N/A	-$27.3M+22.5%	-$35.2M-10.8%	-$31.8M-10.4%	-$28.8M-18.0%	-$24.4M-28.7%	-$18.9M-38.7%	-$13.7M
Retained Earnings	N/A	-$58.8M+10.6%	-$65.8M-4.3%	-$63.1M-5.7%	-$59.7M-9.3%	-$54.6M-12.0%	-$48.8M-12.1%	-$43.5M

VIPZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$10.4M+7.7%	-$11.3M-66.3%	-$6.8M-2321.7%	-$281K-2655.8%	-$10K+53.9%	-$22K
Capital Expenditures	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
Investing Cash Flow	-$1.0M-114.4%	-$477K+72.0%	-$1.7M	$0	$0	$0
Financing Cash Flow	$11.4M-3.6%	$11.9M+35.1%	$8.8M+3302.7%	$258K+324.6%	$61K+1.4%	$60K
Dividends Paid	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

Metric	Q2'26	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24
Operating Cash Flow	$5K+100.2%	-$2.5M-0.8%	-$2.5M+5.4%	-$2.6M+13.1%	-$3.0M-19.0%	-$2.5M-10.2%	-$2.3M+3.1%	-$2.4M
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	$333+100.3%	-$127K+38.3%	-$206K+47.8%	-$395K-1.4%	-$389K-206.3%	-$127K-13.4%	-$112K+5.6%	-$119K
Financing Cash Flow	$5K-99.8%	$2.4M-11.5%	$2.7M-15.1%	$3.2M-4.8%	$3.4M+44.7%	$2.3M-6.3%	$2.5M+8.1%	$2.3M
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

VIPZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	19.4%+12.6pp	6.9%-0.7pp	7.5%
Operating Margin	N/A	N/A	N/A	-807.2%-710.5pp	-96.8%	N/A
Net Margin	N/A	N/A	N/A	-913.2%-803.7pp	-109.5%-81.2pp	-28.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-504.1%-179.1pp	-325.0%-250.9pp	-74.1%+846.0pp	-920.0%-872.5pp	-47.6%-38.5pp	-9.1%
Current Ratio	0.08+0.0	0.06-0.0	0.10-0.0	0.12-0.8	0.96-0.1	1.10
Debt-to-Equity	-1.12-1.0	-0.08+36.3	-36.34-35.2	-1.15+39.3	-40.42-50.7	10.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q2'26	Q1'26	Q2'25	Q3'25	Q2'25	Q1'25	Q2'24
Gross Margin	-270.8%0.0pp	-270.8%+3449.2pp	-3720.0%	N/A	-28637.8%-28246.9pp	-390.9%	N/A	N/A
Operating Margin	3320.8%+6641.7pp	-3320.8%+54019.2pp	-57340.0%	N/A	N/A	-39077.3%	N/A	N/A
Net Margin	10787.5%0.0pp	10787.5%+80407.5pp	-69620.0%	N/A	-1022954.5%-995986.3pp	-26968.2%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	200.4%+292.5pp	-92.1%	N/A	-221.3%+260.4pp	-481.7%-416.4pp	-65.3%	N/A
Current Ratio	N/A	0.09+0.0	0.070.0	0.08+0.0	0.06+0.0	0.040.0	0.04-0.0	0.06
Debt-to-Equity	N/A	-1.14-0.0	-1.11+0.0	-1.12-0.0	-1.08-0.0	-1.05+0.4	-1.40-1.3	-0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$31.8M), 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 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is VIP PLAY INC profitable?

No, VIP PLAY INC (VIPZ) reported a net income of -$18.9M in fiscal year 2025.

What is VIP PLAY INC's earnings per share (EPS)?

VIP PLAY INC (VIPZ) reported diluted earnings per share of $-0.26 for fiscal year 2025. This represents a 52.7% 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.

What is VIP PLAY INC's operating cash flow?

VIP PLAY INC (VIPZ) generated -$10.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are VIP PLAY INC's total assets?

VIP PLAY INC (VIPZ) had $3.7M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does VIP PLAY INC have outstanding?

VIP PLAY INC (VIPZ) had 73M shares outstanding as of fiscal year 2025.

What is VIP PLAY INC's current ratio?

VIP PLAY INC (VIPZ) had a current ratio of 0.08 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is VIP PLAY INC's debt-to-equity ratio?

VIP PLAY INC (VIPZ) had a debt-to-equity ratio of -1.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is VIP PLAY INC's return on assets (ROA)?

VIP PLAY INC (VIPZ) had a return on assets of -504.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is VIP PLAY INC's cash runway?

Based on fiscal year 2025 data, VIP PLAY INC (VIPZ) had $163K in cash against an annual operating cash burn of $10.4M. 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.

Why is VIP PLAY INC's debt-to-equity ratio negative or unusual?

VIP PLAY INC (VIPZ) has negative shareholder equity of -$31.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

What is VIP PLAY INC's Piotroski F-Score?

VIP PLAY INC (VIPZ) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are VIP PLAY INC's earnings high quality?

VIP PLAY INC (VIPZ) has an earnings quality ratio of 0.55x, 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.