Vanjia Financials

VNJA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Vanjia (VNJA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 VNJA FY2025 2026-05-15

Vanjia’s reported finances now revolve around a cash-heavy balance sheet after a retreat from a leveraged, receivable-led structure.

Between FY2023 and FY2025, total liabilities fell from $742K to $0, removing the leverage that had dominated the earlier balance sheet. By FY2025, cash was $62.6K of $67.3K in assets, so the reported entity looks more like a small cash pool with limited operating assets than the structure seen two years earlier.

FY2023 reported an unusually high net margin of 88.8% and net income of $73.4K. But operating cash flow was only $4.4K while accounts receivable reached $69.0K, implying much of that profit had not yet turned into cash, so the strong earnings figure did not deliver the same liquidity benefit.

In FY2025, net loss and operating cash outflow were both -$10.3K, a pattern also seen in FY2022 at -$11.4K. That makes the current cost structure easier to read: recurring overhead is consuming cash directly, whereas FY2024’s $50.3K of operating cash against a -$13.9K loss looks more like a one-time balance-sheet release than ordinary earning power.

Financial Health Signals

Financial Profile 36/100

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 Vanjia'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.

Leverage

100

Vanjia carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns

Vanjia generates a -15.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is up from -18.0% the prior year.

Piotroski F-Score Weak

2/9

Vanjia passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

1.00x

For every $1 of reported earnings, Vanjia generates $1.00 in operating cash flow (-$10K OCF vs -$10K 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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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$10K

YoY+26.1%

Vanjia reported -$10K in net income in fiscal year 2025. This represents an increase of 26.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$63K

YoY-14.1%

5Y CAGR+17.7%

10Y CAGR+26.0%

Vanjia held $63K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+0.0%

Vanjia had 30M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-15.3%

YoY+2.7pp

5Y CAGR-9.8pp

10Y CAGR+58.7pp

Vanjia's ROE was -15.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

VNJA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	$83K	N/A	$34K+6732.0%	$500
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10K-26.1%	$14K+49.9%	$9K-18.5%	$11K-64.7%	$32K-24.4%	$43K
Operating Income	-$10K+26.1%	-$14K-119.0%	$73K+743.3%	-$11K-738.6%	$2K+104.2%	-$42K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$10K+26.1%	-$14K-119.0%	$73K+743.3%	-$11K-738.6%	$2K+104.2%	-$42K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	$0	N/A	N/A	N/A	$50K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4K	N/A	$450-91.3%	$5K+1055.6%	$450	N/A	$2K-80.5%	$9K
Operating Income	-$4K	N/A	-$450+91.3%	-$5K-1055.6%	-$450	N/A	-$2K-104.1%	$41K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4K	N/A	-$450+91.3%	-$5K-1055.6%	-$450	N/A	-$2K-104.1%	$41K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VNJA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$67K-13.3%	$78K-90.7%	$834K+9.7%	$760K-1.5%	$772K+0.2%	$770K
Current Assets	$67K-13.3%	$78K-15.2%	$92K+404.9%	$18K-38.6%	$30K+6.4%	$28K
Cash & Equivalents	$63K-14.1%	$73K+223.0%	$23K+24.5%	$18K-38.6%	$30K+6.4%	$28K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5K0.0%	$5K-93.2%	$69K	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$0	$0-100.0%	$742K	$0	$0	$0
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$67K-13.3%	$78K-15.2%	$92K-88.0%	$760K-1.5%	$772K+0.2%	$770K
Retained Earnings	-$130K-8.6%	-$120K-13.2%	-$106K+41.0%	-$179K-6.8%	-$168K+1.1%	-$170K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$63K-5.9%	$67K-5.9%	$72K-0.6%	$72K-6.7%	$77K-0.6%	$78K-91.0%	$864K-0.2%	$865K
Current Assets	$63K-5.9%	$67K	N/A	N/A	$77K-0.6%	$78K	N/A	N/A
Cash & Equivalents	$59K-6.3%	$63K-6.3%	$67K-0.7%	$67K-7.2%	$72K-0.6%	$73K+1.8%	$72K-2.3%	$73K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5K0.0%	$5K0.0%	$5K0.0%	$5K0.0%	$5K0.0%	$5K-90.6%	$50K0.0%	$50K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$0	$0	$0	$0	$0	$0	$0-100.0%	$2K
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$63K-5.9%	$67K-5.9%	$72K-0.6%	$72K-6.7%	$77K-0.6%	$78K-91.0%	$864K0.0%	$864K
Retained Earnings	-$134K-3.0%	-$130K-3.3%	-$126K-0.4%	-$125K-4.3%	-$120K-0.4%	-$120K-58.0%	-$76K-2.3%	-$74K

VNJA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$10K-120.5%	$50K+1034.9%	$4K+138.9%	-$11K-738.6%	$2K+104.2%	-$42K
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	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$4K+55.7%	-$9K-1882.2%	-$450+6.3%	-$480-6.7%	-$450-134.6%	$1K+102.8%	-$47K-270.5%	$27K
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

VNJA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	88.8%	N/A	5.2%+8471.2pp	-8466.0%
Net Margin	N/A	N/A	88.8%	N/A	5.2%+8471.2pp	-8466.0%
Return on Equity	-15.3%+2.7pp	-18.0%-98.2pp	80.2%+81.7pp	-1.5%-1.7pp	0.2%+5.7pp	-5.5%
Return on Assets	-15.3%+2.7pp	-18.0%-26.8pp	8.8%+10.3pp	-1.5%-1.7pp	0.2%+5.7pp	-5.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.00-8.1	8.10+8.1	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	82.5%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	82.5%
Return on Equity	-6.2%	N/A	-0.6%+6.6pp	-7.2%-6.7pp	-0.6%	N/A	-0.2%-5.0pp	4.8%
Return on Assets	-6.2%	N/A	-0.6%+6.6pp	-7.2%-6.7pp	-0.6%	N/A	-0.2%-5.0pp	4.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Vanjia profitable?

No, Vanjia (VNJA) reported a net income of -$10K in fiscal year 2025.

What is Vanjia's return on equity (ROE)?

Vanjia (VNJA) has a return on equity of -15.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Vanjia's operating cash flow?

Vanjia (VNJA) generated -$10K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Vanjia's total assets?

Vanjia (VNJA) had $67K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Vanjia have outstanding?

Vanjia (VNJA) had 30M shares outstanding as of fiscal year 2025.

What is Vanjia's debt-to-equity ratio?

Vanjia (VNJA) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Vanjia's return on assets (ROA)?

Vanjia (VNJA) had a return on assets of -15.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Vanjia's cash runway?

Based on fiscal year 2025 data, Vanjia (VNJA) had $63K in cash against an annual operating cash burn of $10K. This gives an estimated cash runway of approximately 73 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 Vanjia's Piotroski F-Score?

Vanjia (VNJA) 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 Vanjia's earnings high quality?

Vanjia (VNJA) has an earnings quality ratio of 1.00x, 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.

How financially healthy is Vanjia?

Vanjia (VNJA) scores 36 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.