Wellchange Holdings Financials
This page shows Wellchange Holdings (WCT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Fresh financing, not operations, is carrying the business as revenue shrinks and losses turn directly into cash burn.
Between FY2023 and FY2025, the company moved from high-margin cash generation to capital-supported survival, with operating cash flow swinging from$797K to-$6.3M . In FY2025, financing brought in$13.0M , more than the$10.4M absorbed by operations and investing combined, so the larger cash balance came from new capital rather than the business funding itself.
Loss quality was harsh in FY2025: net income of
Liquidity improved faster than self-funding: FY2025 ended with
Financial Health Signals
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 Wellchange Holdings'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.
Wellchange Holdings has an operating margin of -469.1%, meaning the company retains $-469 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -19.8% the prior year.
Wellchange Holdings's revenue declined 41.6% year-over-year, from $2.3M to $1.3M. This contraction results in a growth score of 0/100.
Wellchange Holdings carries a low D/E ratio of 0.04, meaning only $0.04 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.
With a current ratio of 4.59, Wellchange Holdings holds $4.59 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
Wellchange Holdings converts 43.9% of revenue into free cash flow ($796K). This strong cash generation earns a score of 100/100.
Wellchange Holdings generates a -65.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -8.8% the prior year.
Wellchange Holdings passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Wellchange Holdings generates $0.86 in operating cash flow (-$6.3M OCF vs -$7.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Wellchange Holdings earns $-508.5 in operating income for every $1 of interest expense (-$6.3M vs $12K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Wellchange Holdings generated $1.3M in revenue in fiscal year 2025. This represents a decrease of 41.6% from the prior year.
Wellchange Holdings's EBITDA was -$6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1410.3% from the prior year.
Wellchange Holdings reported -$7.3M in net income in fiscal year 2025. This represents a decrease of 1596.9% from the prior year.
Wellchange Holdings earned $-4.73 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 345.3% from the prior year.
Cash & Balance Sheet
Wellchange Holdings generated $796K in free cash flow in fiscal year 2025, representing cash available after capex.
Wellchange Holdings held $2.8M in cash against $416K in long-term debt as of fiscal year 2025.
Wellchange Holdings had 3M shares outstanding in fiscal year 2025. This represents a decrease of 93.7% from the prior year.
Margins & Returns
Wellchange Holdings's gross margin was 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 27.4 percentage points from the prior year.
Wellchange Holdings's operating margin was -469.1% in fiscal year 2025, reflecting core business profitability. This is down 449.3 percentage points from the prior year.
Wellchange Holdings's net profit margin was -543.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 524.5 percentage points from the prior year.
Wellchange Holdings's ROE was -65.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 56.9 percentage points from the prior year.
Capital Allocation
Wellchange Holdings invested $818 in capex in fiscal year 2025, funding long-term assets and infrastructure.
WCT Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
WCT Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $13.6M+2.6% | $13.3M+98.3% | $6.7M+103.0% | $3.3M |
| Current Assets | $5.8M+39.8% | $4.1M+161.0% | $1.6M+100.4% | $788K |
| Cash & Equivalents | $2.8M+3821.6% | $72K-71.4% | $250K+1858.2% | $13K |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $806K-24.7% | $1.1M+136.4% | $453K-37.1% | $720K |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.5M+149.6% | $988K-44.6% | $1.8M+37.1% | $1.3M |
| Current Liabilities | $1.3M+31.2% | $957K-36.7% | $1.5M+43.2% | $1.1M |
| Long-Term Debt | $416K+0.9% | $412K-5.0% | $434K-12.6% | $497K |
| Total Equity | $11.2M-9.2% | $12.3M+150.1% | $4.9M+146.0% | $2.0M |
| Retained Earnings | -$6.1M-245.3% | -$1.8M-249.4% | $1.2M-26.6% | $1.6M |
WCT Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
WCT Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 4.59+0.3 | 4.30+3.3 | 1.04+0.3 | 0.75 |
| Debt-to-Equity | 0.040.0 | 0.03-0.1 | 0.09-0.2 | 0.25 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Wellchange Holdings's annual revenue?
Wellchange Holdings (WCT) reported $1.3M in total revenue for fiscal year 2025. This represents a -41.6% 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.
How fast is Wellchange Holdings's revenue growing?
Wellchange Holdings (WCT) revenue declined by 41.6% year-over-year, from $2.3M to $1.3M in fiscal year 2025.
Is Wellchange Holdings profitable?
No, Wellchange Holdings (WCT) reported a net income of -$7.3M in fiscal year 2025, with a net profit margin of -543.2%.
What is Wellchange Holdings's EBITDA?
Wellchange Holdings (WCT) had EBITDA of -$6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wellchange Holdings have?
As of fiscal year 2025, Wellchange Holdings (WCT) had $2.8M in cash and equivalents against $416K in long-term debt.
What is Wellchange Holdings's gross margin?
Wellchange Holdings (WCT) had a gross margin of 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wellchange Holdings's operating margin?
Wellchange Holdings (WCT) had an operating margin of -469.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wellchange Holdings's net profit margin?
Wellchange Holdings (WCT) had a net profit margin of -543.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Wellchange Holdings's return on equity (ROE)?
Wellchange Holdings (WCT) has a return on equity of -65.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Wellchange Holdings's free cash flow?
Wellchange Holdings (WCT) generated $796K 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 Wellchange Holdings's operating cash flow?
Wellchange Holdings (WCT) generated -$6.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wellchange Holdings's total assets?
Wellchange Holdings (WCT) had $13.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wellchange Holdings's capital expenditures?
Wellchange Holdings (WCT) invested $818 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Wellchange Holdings's current ratio?
Wellchange Holdings (WCT) had a current ratio of 4.59 as of fiscal year 2025, which is generally considered healthy.
What is Wellchange Holdings's debt-to-equity ratio?
Wellchange Holdings (WCT) 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 Wellchange Holdings's return on assets (ROA)?
Wellchange Holdings (WCT) had a return on assets of -53.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wellchange Holdings's cash runway?
Based on fiscal year 2025 data, Wellchange Holdings (WCT) had $2.8M in cash against an annual operating cash burn of $6.3M. This gives an estimated cash runway of approximately 5 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 Wellchange Holdings's Piotroski F-Score?
Wellchange Holdings (WCT) 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.
Are Wellchange Holdings's earnings high quality?
Wellchange Holdings (WCT) has an earnings quality ratio of 0.86x, 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.
Can Wellchange Holdings cover its interest payments?
Wellchange Holdings (WCT) has an interest coverage ratio of -508.5x, 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.
How financially healthy is Wellchange Holdings?
Wellchange Holdings (WCT) scores 49 out of 100 on our Financial Profile, indicating moderate 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.