What is VisionSys AI Inc's earnings per share (EPS)?

VisionSys AI Inc (VSA) reported diluted earnings per share of -$7.38 for fiscal year 2025. This represents a -0.8% 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.

VisionSys AI Inc (VSA) Financials

VSA

FY2025 annual

Revenue $149K YoY not available

EPS (Diluted) -$7.38 -0.8% YoY

Free Cash Flow -$37.8M YoY not available

Operating Cash Flow -$26.9M -61.6% YoY

Market Cap $7.2M as of Sep 16, 2026

Price / Sales 48.5x on $149K revenue, FY2025

Price / Earnings n/m no net income reported

Price / Book 0.5x on $14.7M equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported May 11, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VSA SEC filings page.

VisionSys AI Inc (VSA) reported $149K in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 VSA FY2025 2026-09-05

Balance-sheet repair has not fixed cash conversion: the business remains too small to absorb fixed costs and ongoing investment.

The move from negative equity and a 0.2x current ratio in FY2023 to positive equity and 14.4x in FY2025 is a balance-sheet reset, not ordinary operating improvement. FY2025 operating cash flow of -$26.9M alongside financing cash flow of $20.0M indicates the improved posture was not generated by operations.

FY2025 revenue was only $149K against $5.7M of SG&A, leaving too little activity to absorb the operating base. The resulting EBITDA loss was $5.2M, so the reported gross margin of 22.2% does not describe the economics of the whole business; overhead dominates the small revenue base.

Current liabilities were just $546K in FY2025, supporting a 14.4x current ratio rather than the tight liquidity seen in FY2023. Reported liquidity equaled 3.5 months of the latest annual outflow, a historical comparison rather than a forecast.

Financial Health Signals

Financial health score not available

VisionSys AI Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-9.72

VisionSys AI Inc scores -9.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.2M) relative to total liabilities ($546K). 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.

Interest Coverage At Risk

N/A

VisionSys AI Inc reported an operating loss of $5.7M against $14K 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

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$7.9M

YoY+18.8%

QoQ+2179.1%

VisionSys AI Inc held $7.9M in cash as of Q4 2025; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

VSA 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.

VSA quarterly income statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$149K	N/A	$193.7M-45.9%	$357.8M-4.4%	$374.5M+28.8%	$290.9M-1.3%	$294.7M	$189.2M+38.9%	$136.2M+46.7%	$92.8M+63.4%	$56.8M
Cost of Revenue	$116K	N/A	$105.8M-30.9%	$153.1M-18.8%	$188.5M+15.3%	$163.5M-3.0%	$168.6M	$53.6M+37.1%	$39.1M+34.4%	$29.1M+63.7%	$17.8M
Gross Profit	$33K-99.9%	$58.0M-34.0%	$87.9M-57.0%	$204.7M+10.1%	$186.0M+46.0%	$127.4M+1.0%	$126.0M	$135.6M+39.6%	$97.1M+52.3%	$63.8M+63.3%	$39.1M
R&D Expenses	N/A	$2.6M+59.5%	$1.6M-84.3%	$10.4M-37.3%	$16.6M+8.1%	$15.4M-19.2%	$19.1M	$8.1M+49.0%	$5.4M+43.0%	$3.8M+112.5%	$1.8M
SG&A Expenses	$5.8M	N/A	$46.6M-46.8%	$87.6M-2.1%	$89.4M-7.5%	$96.6M-7.0%	$103.9M	$40.4M+34.8%	$29.9M+84.6%	$16.2M+63.1%	$9.9M
Operating Income	-$5.7M	N/A	$1.9M-86.0%	$13.5M+123.3%	-$57.9M+53.1%	-$123.6M+21.7%	-$157.7M	$25.3M+32.1%	$19.2M+42.2%	$13.5M+29.1%	$10.4M
EBITDA	-$5.2M+91.9%	-$63.7M-850.1%	$8.5M-68.7%	$27.1M+170.9%	-$38.3M+60.3%	-$96.4M+25.7%	-$129.8M	$34.2M+30.1%	$26.2M+44.7%	$18.1M+40.9%	$12.9M
Interest Expense	$14K+227.3%	-$11K-107.2%	$153K-60.9%	$391K+6.8%	$366K+1320.0%	-$30K	N/A	N/A	N/A	N/A	$6K
Income Tax	N/A	$4.3M+484.1%	-$1.1M-137.2%	$3.0M-83.1%	$17.9M+433.4%	-$5.4M+10.1%	-$6.0M	$637K-73.5%	$2.4M+5.9%	$2.3M+2.4%	$2.2M
Net Income	N/A	N/A	$1.5M-88.2%	$12.4M+116.6%	-$74.7M+36.8%	-$118.2M+20.8%	-$149.2M	$28.7M+19.1%	$24.1M+179.6%	-$30.3M-78.4%	-$17.0M
EPS (Basic)	-$7.38-0.8%	-$7.32-2811.1%	$0.27-75.7%	$1.11+184.1%	-$1.32+38.9%	-$2.16+22.6%	-$2.79	$0.53+3.9%	$0.51+118.4%	-$2.77-76.4%	-$1.57
EPS (Diluted)	-$7.38-0.8%	-$7.32-2811.1%	$0.27	$1.05	-$1.32+38.9%	-$2.16+22.6%	-$2.79	$0.49+11.4%	$0.44	-$2.77-76.4%	-$1.57
Diluted Shares (Avg)	194M+287.4%	50M-7.1%	54M	58M	58M+6.1%	54M+1.8%	53M	59M+23.0%	48M	11M+0.7%	11M

Metric	Q4'2520-F	Q2'256-K	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

VSA Balance Sheet

VSA quarterly balance sheet

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$15.2M+10.5%	$13.8M-90.4%	$143.4M-26.0%	$193.9M-24.7%	$257.6M-14.2%	$300.3M-16.8%	$360.8M	$254.7M+16.9%	$218.0M+195.8%	$73.7M	N/A
Current Assets	$7.9M+2.4%	$7.7M-90.2%	$79.0M-18.4%	$96.8M-0.4%	$97.2M+18.3%	$82.2M-28.6%	$115.1M	$204.3M+12.6%	$181.4M+292.8%	$46.2M	N/A
Cash & Equivalents	$7.9M+18.8%	$6.6M-83.2%	$39.4M-23.7%	$51.6M-16.0%	$61.5M+9.3%	$56.3M-31.7%	$82.4M	$79.1M+85.5%	$42.7M+63.2%	$26.1M+61.4%	$16.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	$10.0M+31.0%	$7.6M+51.3%	$5.0M+11.3%	$4.5M	$22.6M-2.4%	$23.2M+54.5%	$15.0M	N/A
Long-Term Investments	$0-100.0%	$3.1M-47.0%	$5.9M-11.9%	$6.7M-8.1%	$7.3M-29.6%	$10.4M+6.4%	$9.7M	$0	$0	$0	$0
Goodwill	N/A	N/A	$7.0M-9.1%	$7.7M-7.6%	$8.3M+2.4%	$8.1M+6.7%	$7.6M	N/A	N/A	N/A	N/A
Total Liabilities	$546K-99.8%	$260.9M-26.5%	$354.9M-13.9%	$412.4M-18.7%	$507.5M+6.9%	$474.9M+13.4%	$418.7M	$48.6M+38.5%	$35.1M-74.4%	$137.0M	N/A
Current Liabilities	$546K-99.8%	$248.4M-26.9%	$339.6M-11.8%	$385.2M-16.5%	$461.4M+12.8%	$409.1M+20.2%	$340.3M	$47.1M+40.9%	$33.4M+32.0%	$25.3M	N/A
Non-Current Liabilities	$0-100.0%	$12.5M-17.9%	$15.2M-43.8%	$27.1M-41.2%	$46.2M-29.9%	$65.8M-16.1%	$78.4M	$1.4M-12.2%	$1.6M-98.5%	$111.6M	N/A
Total Equity	$14.7M+105.9%	-$247.0M-17.1%	-$211.0M+3.0%	-$217.5M+12.5%	-$248.6M-43.3%	-$173.5M-201.9%	-$57.5M	$206.1M+12.7%	$182.9M+389.0%	-$63.3M-81.0%	-$35.0M
Retained Earnings	-$185.3M+55.1%	-$413.0M-20.8%	-$342.0M+3.2%	-$353.3M+10.7%	-$395.5M-26.1%	-$313.5M-70.6%	-$183.8M	$74.0M+63.4%	$45.2M+169.7%	-$64.9M	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K
Total Assets	$15.2M+10.5%	$7.2M-92.2%	$13.8M-90.4%	$92.7M	$143.4M-26.0%	$193.9M-24.7%	$257.6M-14.2%	$300.3M-16.8%
Current Assets	$7.9M+2.4%	$1.1M-96.4%	$7.7M-90.2%	$31.6M	$79.0M-18.4%	$96.8M-0.4%	$97.2M+18.3%	$82.2M-28.6%
Cash & Equivalents	$7.9M+18.8%	$345K-97.8%	$6.6M-83.2%	$15.9M	$39.4M-23.7%	$51.6M-16.0%	$61.5M+9.3%	$56.3M-31.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$10.0M+31.0%	$7.6M+51.3%	$5.0M+11.3%
Long-Term Investments	$0-100.0%	$3.0M-48.2%	$3.1M-47.0%	$5.8M	$5.9M-11.9%	$6.7M-8.1%	$7.3M-29.6%	$10.4M+6.4%
Goodwill	N/A	N/A	N/A	$6.8M	$7.0M-9.1%	$7.7M-7.6%	$8.3M+2.4%	$8.1M+6.7%
Total Liabilities	$546K-99.8%	$255.1M-7.6%	$260.9M-26.5%	$276.0M	$354.9M-13.9%	$412.4M-18.7%	$507.5M+6.9%	$474.9M+13.4%
Current Liabilities	$546K-99.8%	$255.1M-1.2%	$248.4M-26.9%	$258.2M	$339.6M-11.8%	$385.2M-16.5%	$461.4M+12.8%	$409.1M+20.2%
Non-Current Liabilities	$0-100.0%	$0-100.0%	$12.5M-17.9%	$17.8M	$15.2M-43.8%	$27.1M-41.2%	$46.2M-29.9%	$65.8M-16.1%
Total Equity	$14.7M+105.9%	-$247.8M-35.3%	-$247.0M-17.1%	-$183.2M	-$211.0M+3.0%	-$217.5M+12.5%	-$248.6M-43.3%	-$173.5M-201.9%
Retained Earnings	-$185.3M+55.1%	-$419.3M-19.8%	-$413.0M-20.8%	-$349.9M	-$342.0M+3.2%	-$353.3M+10.7%	-$395.5M-26.1%	-$313.5M-70.6%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

VSA Cash Flow Statement

VSA quarterly cash flow statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	-$26.9M-61.6%	-$16.6M+0.7%	-$16.8M-319.6%	-$4.0M-395.3%	$1.4M+108.1%	-$16.7M-265.9%	-$4.6M	$55.8M+96.2%	$28.5M-4.2%	$29.7M+299.1%	$7.4M
Depreciation & Amortization	$545K-90.3%	$5.6M-14.7%	$6.6M-51.6%	$13.6M-30.7%	$19.7M-27.7%	$27.2M-2.8%	$28.0M	$8.8M+24.8%	$7.1M+52.1%	$4.7M+91.8%	$2.4M
Stock-Based Compensation	N/A	$183K-52.6%	$386K-83.9%	$2.4M-20.0%	$3.0M-46.0%	$5.6M-34.6%	$8.5M	$5.3M+30.1%	$4.1M+431.2%	$765K+490.9%	$129K
Capital Expenditures	$10.9M	N/A	N/A	N/A	N/A	N/A	N/A	$16.1M+103.8%	$7.9M-13.5%	$9.1M+26.7%	$7.2M
Free Cash Flow	-$37.8M	N/A	N/A	N/A	N/A	N/A	N/A	$39.8M+93.3%	$20.6M-0.1%	$20.6M+7984.4%	$255K
Investing Cash Flow	-$10.9M+12.3%	-$12.5M-222.9%	$10.1M+408.2%	-$3.3M-162.3%	$5.3M+5334.7%	-$101K+98.6%	-$7.4M	N/A	N/A	N/A	N/A
Financing Cash Flow	$20.0M+1242.7%	$1.5M+129.5%	-$5.0M-1547.4%	-$306K-108.4%	$3.6M+134.8%	-$10.5M-198.0%	$10.7M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$1.0M+194.7%	$342K-86.2%	$2.5M	N/A	N/A	$727K	$7.7M	N/A	N/A	N/A

Metric	Q4'2520-F	Q2'256-K	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

VSA 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.

VSA quarterly financial ratios

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	22.1%	N/A	45.4%-11.8pp	57.2%+7.6pp	49.7%+5.9pp	43.8%+1.0pp	42.8%	71.7%+0.4pp	71.3%+2.6pp	68.7%-0.1pp	68.7%
Operating Margin	-3836.9%	N/A	1.0%-2.8pp	3.8%+19.2pp	-15.5%+27.0pp	-42.5%+11.0pp	-53.5%	13.4%-0.7pp	14.1%-0.5pp	14.5%-3.9pp	18.4%
Net Margin	N/A	N/A	0.8%-2.7pp	3.5%+23.4pp	-19.9%+20.7pp	-40.6%+10.0pp	-50.6%	15.2%-2.5pp	17.7%+50.4pp	-32.6%-2.7pp	-29.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	13.9%+0.7pp	13.2%	N/A	N/A
Return on Assets	N/A	N/A	1.0%-5.4pp	6.4%+35.4pp	-29.0%+10.4pp	-39.4%+2.0pp	-41.4%	11.3%+0.2pp	11.1%+52.2pp	-41.1%	N/A
Current Ratio	14.44+14.4x	0.03-0.2x	0.230.0x	0.250.0x	0.210.0x	0.20-0.1x	0.34	4.34-1.1x	5.43+3.6x	1.82	N/A
Debt-to-Equity	0.04	N/A	N/A	N/A	N/A	N/A	N/A	0.240.0x	0.19	N/A	N/A
Asset Turnover	0.01	N/A	1.35-0.5x	1.85+0.4x	1.45+0.5x	0.97+0.2x	0.82	0.74+0.1x	0.62-0.6x	1.26	N/A
FCF Margin	-25371.1%	N/A	N/A	N/A	N/A	N/A	N/A	21.0%+5.9pp	15.1%-7.1pp	22.2%+21.7pp	0.4%

Metric	Q4'2520-F	Q2'256-K	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K
Current Ratio	14.44+14.4x	0.00-0.1x	0.03-0.2x	0.12	0.230.0x	0.250.0x	0.210.0x	0.20-0.1x
Debt-to-Equity	0.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF 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.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
VisionSys AI Inc VSA	FY2025	$149K	N/A	N/A	$7.2M	—
Legacy Education Inc. LGCY	FY2025	$64.2M	$7.5M	11.7%	$130.7M	81/100
iHuman Inc. IH	FY2025	$115.4M	$13.6M	11.8%	$60.3M	54/100
CHEGG, INC. CHGG	FY2025	$376.9M	-$103.0M	-27.3%	$84.7M	21/100
Youlife Group Inc. YOUL	FY2025	$265.2M	$6.2M	2.3%	$34.8M	35/100

Where VisionSys AI Inc Ranks

Frequently Asked Questions

What is VisionSys AI Inc's annual revenue?

VisionSys AI Inc (VSA) reported $149K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

What is VisionSys AI Inc's EBITDA?

VisionSys AI Inc (VSA) had EBITDA of -$5.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is VisionSys AI Inc's gross margin?

VisionSys AI Inc (VSA) had a gross margin of 22.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is VisionSys AI Inc's free cash flow?

VisionSys AI Inc (VSA) recorded an outflow of $37.8M 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.

What is VisionSys AI Inc's operating cash flow?

VisionSys AI Inc (VSA) recorded an outflow of $26.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are VisionSys AI Inc's total assets?

VisionSys AI Inc (VSA) had $15.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are VisionSys AI Inc's capital expenditures?

VisionSys AI Inc (VSA) invested $10.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is VisionSys AI Inc's current ratio?

VisionSys AI Inc (VSA) had a current ratio of 14.44 as of fiscal year 2025, which is generally considered healthy.

What is VisionSys AI Inc's debt-to-equity ratio?

VisionSys AI Inc (VSA) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is VisionSys AI Inc's P/E ratio?

VisionSys AI Inc (VSA) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $7.2M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is VisionSys AI Inc's price-to-sales ratio?

VisionSys AI Inc (VSA) trades at 48.5x sales, its market capitalization divided by revenue of $149K revenue, FY2025. The market capitalization is $7.2M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does VisionSys AI Inc's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, VisionSys AI Inc (VSA) held $7.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $26.9M over that year. Dividing the one by the other, the reported balance equals about 4 months 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.

What is VisionSys AI Inc's Altman Z-Score?

VisionSys AI Inc (VSA) has an Altman Z-Score of -9.72, 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.

Can VisionSys AI Inc cover its interest payments?

VisionSys AI Inc (VSA) reported an operating loss of $5.7M against $14K 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.