Wellchange Holdings Financials
Wellchange Holdings (WCT) reported $1.3M in revenue for fiscal year 2025, down 41.6% from the prior fiscal year. This page shows its 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
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 9/100.
Wellchange Holdings's revenue declined 41.6% year-over-year, from $2.3M to $1.3M. This contraction results in a growth score of 4/100.
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 85/100, 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 89/100.
Wellchange Holdings posts a -65.7% return on equity (ROE), meaning it loses $66 for every $100 of shareholders' equity. This results in a returns score of 12/100. This is down from -8.8% the prior year.
Wellchange Holdings scores -0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.2M) relative to total liabilities ($2.5M). 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.
Wellchange Holdings passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Wellchange Holdings reported a net loss of $7.3M while operations used $6.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Wellchange Holdings reported an operating loss of $6.3M against $12K 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
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.
Cash & Balance Sheet
Wellchange Holdings held $2.8M in cash against $416K in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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 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.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
WCT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue | $1.3M-41.6% | $2.3M-7.3% | $2.5M+49.0% | $1.7M |
| Cost of Revenue | $773K+11.7% | $692K+26.4% | $548K+55.2% | $353K |
| Gross Profit | $575K-64.4% | $1.6M-16.7% | $1.9M+47.4% | $1.3M |
| SG&A Expenses | $91K-15.2% | $107K-2.5% | $110K+97.0% | $56K |
| Operating Income | -$6.3M-1284.9% | -$457K-138.6% | $1.2M+26.0% | $939K |
| Interest Expense | $12K-27.3% | $17K-1.6% | $17K | N/A |
| Income Tax | $966K+1915.6% | -$53K-123.0% | $231K+46.9% | $157K |
| Net Income | -$7.3M-1596.9% | -$432K-146.0% | $938K+20.1% | $781K |
| EPS (Diluted) | -$4.73 | -$1.06 | $2.34 | $0.04 |
Not reported in any period shown, so not listed: R&D Expenses.
WCT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $13.6M+103.4% | $6.7M+103.0% | $3.3M | N/A |
| Current Assets | $5.8M+264.9% | $1.6M+100.4% | $788K | N/A |
| Cash & Equivalents | $2.8M+1020.8% | $250K+1858.2% | $13K-95.1% | $261K |
| Accounts Receivable | $806K+78.0% | $453K-37.1% | $720K | N/A |
| Total Liabilities | $2.5M+38.4% | $1.8M+37.1% | $1.3M | N/A |
| Current Liabilities | $1.3M-17.0% | $1.5M+43.2% | $1.1M | N/A |
| Long-Term Debt | $416K-4.2% | $434K-12.6% | $497K | N/A |
| Total Equity | $11.2M+127.0% | $4.9M+146.0% | $2.0M+145.9% | $812K |
| Retained Earnings | -$6.1M-616.0% | $1.2M-26.6% | $1.6M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
WCT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Cash Flow | -$6.3M-1898.5% | -$316K-139.7% | $797K-31.8% | $1.2M |
| Capital Expenditures | N/A | N/A | $818-99.3% | $126K |
| Free Cash Flow | N/A | N/A | $796K-23.6% | $1.0M |
| Investing Cash Flow | -$4.1M-45.4% | -$2.8M-399.8% | -$567K+56.9% | -$1.3M |
| Financing Cash Flow | $13.0M+283.2% | $3.4M+807.4% | -$480K-235.4% | $354K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
WCT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 42.7%-27.4pp | 70.0%-8.0pp | 78.0%-0.9pp | 78.9% |
| Operating Margin | -469.1% | -19.8%-67.3pp | 47.5%-8.7pp | 56.2% |
| Net Margin | -543.2% | -18.7%-56.4pp | 37.7%-9.1pp | 46.7% |
| Return on Equity | -65.7%-56.9pp | -8.8%-55.7pp | 46.9%-49.2pp | 96.1% |
| Return on Assets | -53.8%-47.3pp | -6.5%-34.9pp | 28.4% | N/A |
| Current Ratio | 4.59+3.5x | 1.04+0.3x | 0.75 | N/A |
| Debt-to-Equity | 0.04-0.1x | 0.09-0.2x | 0.25 | N/A |
| FCF Margin | N/A | N/A | 32.0%-30.4pp | 62.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Wellchange Holdings Ranks
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.
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 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 operating cash flow?
Wellchange Holdings (WCT) recorded an outflow of $6.3M in operating cash flow during fiscal year 2025, representing cash used by 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 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 Altman Z-Score?
Wellchange Holdings (WCT) has an Altman Z-Score of -0.65, 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.
What is Wellchange Holdings's Piotroski F-Score?
Wellchange Holdings (WCT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $7.3M while operations used $6.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $6.3M against $12K 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.
How financially healthy is Wellchange Holdings?
Wellchange Holdings (WCT) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.