Utime Ltd Financials

WTO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE March

This page shows Utime Ltd (WTO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 WTO FY2025 2026-04-22

A thin-gross-margin operating model is colliding with fixed overhead and financing dependence, leaving sales unable to support the business.

The striking gap between FY2025 net loss of -$92.3M and operating cash outflow of -$4.4M suggests heavy non-cash charges, so accounting loss overstates the immediate cash drain. But the underlying engine still weakened: gross margin slid from 15.0% in FY2023 to 2.8% in FY2025, meaning each sales dollar is contributing far less toward overhead than it did two years earlier.

The balance sheet shows cash is not the same as cushion: cash ended FY2025 at $15.0M, yet the current ratio was only 0.5x. With current liabilities at $46.0M and equity already negative, the company is being funded more by obligations than by an internal capital base.

The cash line has been sustained mainly by financing inflows, not operations: FY2024 brought in $52.5M of financing cash against -$53.0M of operating cash flow. That pattern makes the business look externally supported rather than self-funding, because reported sales have not translated into dependable operating liquidity.

Financial Health Signals

Financial Profile 23/100

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 Utime Ltd'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.

Profitability

Utime Ltd has an operating margin of -264.8%, meaning the company retains $-265 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 -17.5% the prior year.

Growth

Utime Ltd's revenue surged 42.5% year-over-year to $34.6M, reflecting rapid business expansion. This strong growth earns a score of 48/100.

Leverage

Utime Ltd carries a low D/E ratio of -0.05, meaning only $-0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Utime Ltd's current ratio of 0.48 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

3/9

Utime Ltd passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.05x

For every $1 of reported earnings, Utime Ltd generates $0.05 in operating cash flow (-$4.4M OCF vs -$92.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-169.3x

Utime Ltd earns $-169.3 in operating income for every $1 of interest expense (-$91.6M vs $541K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$34.6M

YoY+42.5%

Utime Ltd generated $34.6M in revenue in fiscal year 2025. This represents an increase of 42.5% from the prior year.

EBITDA

-$90.8M

YoY-2652.6%

Utime Ltd's EBITDA was -$90.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2652.6% from the prior year.

Net Income

-$92.3M

YoY-976.1%

Utime Ltd reported -$92.3M in net income in fiscal year 2025. This represents a decrease of 976.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$15.1M

YoY+39.3%

Utime Ltd held $15.1M in cash against $827K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Utime Ltd had 4M shares outstanding in fiscal year 2025. This represents a decrease of 99.1% from the prior year.

Margins & Returns

Gross Margin

2.8%

YoY-2.3pp

Utime Ltd's gross margin was 2.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin

-264.8%

YoY-247.3pp

Utime Ltd's operating margin was -264.8% in fiscal year 2025, reflecting core business profitability. This is down 247.3 percentage points from the prior year.

Net Margin

-267.0%

YoY-231.6pp

Utime Ltd's net profit margin was -267.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 231.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WTO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$34.6M+42.5%	$24.3M-16.9%	$29.2M-32.8%	$43.4M+15.5%	$37.6M
Cost of Revenue	$33.6M+46.1%	$23.0M-7.2%	$24.8M-39.8%	$41.2M+18.4%	$34.8M
Gross Profit	$976K-21.9%	$1.3M-71.4%	$4.4M+101.5%	$2.2M-21.5%	$2.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$19.0M+230.4%	$5.7M-64.3%	$16.1M+158.2%	$6.2M+59.1%	$3.9M
Operating Income	-$91.6M-2056.0%	-$4.2M+65.3%	-$12.2M-125.0%	-$5.4M-145.7%	-$2.2M
Interest Expense	$541K+6.1%	$510K-43.0%	$895K+16.5%	$768K+104.8%	$375K
Income Tax	-$8K+66.7%	-$24K+4.0%	-$25K-257.1%	-$7K+87.3%	-$55K
Net Income	-$92.3M-976.1%	-$8.6M+32.7%	-$12.8M-108.4%	-$6.1M-141.6%	-$2.5M
EPS (Diluted)	N/A	N/A	$-1.14-52.0%	$-0.75	N/A

Metric	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WTO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$28.4M-69.0%	$91.6M+101.0%	$45.6M+15.4%	$39.5M+49.5%	$26.4M
Current Assets	$22.3M-72.7%	$81.5M+136.2%	$34.5M+13.5%	$30.4M+52.6%	$19.9M
Cash & Equivalents	$15.1M+39.3%	$10.8M+5.9%	$10.2M+4.4%	$9.8M+578.1%	$1.4M
Inventory	$875K-47.0%	$1.7M-29.8%	$2.4M-58.6%	$5.7M+17.7%	$4.8M
Accounts Receivable	N/A	$4.3M-44.0%	$7.6M+115.6%	$3.5M+32.4%	$2.7M
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$47.4M+17.0%	$40.5M+2.2%	$39.6M+35.2%	$29.3M+29.9%	$22.6M
Current Liabilities	$46.0M+19.6%	$38.5M+7.6%	$35.8M+39.1%	$25.7M+14.0%	$22.5M
Long-Term Debt	$827K	N/A	N/A	N/A	N/A
Total Equity	-$18.3M-135.3%	$51.8M+708.2%	$6.4M-37.4%	$10.2M+167.3%	$3.8M
Retained Earnings	-$121.1M-311.5%	-$29.4M-15.0%	-$25.6M-84.1%	-$13.9M-84.8%	-$7.5M

Metric	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21
Total Assets	$61.8M+117.6%	$28.4M-71.4%	$99.4M+8.6%	$91.6M+113.2%	$43.0M-5.7%	$45.6M+15.4%	$39.5M+49.5%	$26.4M
Current Assets	$56.0M+151.6%	$22.3M-75.2%	$90.0M+10.4%	$81.5M+146.6%	$33.0M-4.2%	$34.5M+13.5%	$30.4M+52.6%	$19.9M
Cash & Equivalents	$41.2M+173.7%	$15.1M+0.3%	$15.0M+38.9%	$10.8M-3.6%	$11.2M+9.8%	$10.2M+4.4%	$9.8M+578.1%	$1.4M
Inventory	$659K-24.7%	$875K-51.1%	$1.8M+8.5%	$1.7M-12.9%	$1.9M-19.5%	$2.4M-58.6%	$5.7M+17.7%	$4.8M
Accounts Receivable	$7.2M	N/A	$5.0M+17.9%	$4.3M-25.1%	$5.7M-25.3%	$7.6M+115.6%	$3.5M+32.4%	$2.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$56.2M+18.6%	$47.4M+4.5%	$45.4M+12.0%	$40.5M+4.1%	$38.9M-1.8%	$39.6M+35.2%	$29.3M+29.9%	$22.6M
Current Liabilities	$55.0M+19.7%	$46.0M+4.7%	$43.9M+14.2%	$38.5M+8.0%	$35.6M-0.4%	$35.8M+39.1%	$25.7M+14.0%	$22.5M
Long-Term Debt	$801K-3.1%	$827K	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.3M+134.5%	-$18.3M-133.3%	$54.8M+5.8%	$51.8M+996.2%	$4.7M-26.3%	$6.4M-37.4%	$10.2M+167.3%	$3.8M
Retained Earnings	-$122.1M-0.8%	-$121.1M-152.9%	-$47.9M-62.7%	-$29.4M-13.4%	-$26.0M-1.4%	-$25.6M-84.1%	-$13.9M-84.8%	-$7.5M

WTO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$4.4M+91.8%	-$53.0M-2306.8%	-$2.2M+33.0%	-$3.3M-753.5%	-$385K
Capital Expenditures	N/A	$137K-63.7%	$377K-59.2%	$923K	N/A
Free Cash Flow	N/A	-$53.2M-1960.4%	-$2.6M+38.7%	-$4.2M	N/A
Investing Cash Flow	N/A	$778K+284.4%	-$422K+54.1%	-$919K-174.3%	-$335K
Financing Cash Flow	$7.2M-86.4%	$52.5M+1870.5%	$2.7M-80.6%	$13.7M+542.3%	$2.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

WTO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	2.8%-2.3pp	5.1%-9.8pp	15.0%+10.0pp	5.0%-2.4pp	7.4%
Operating Margin	-264.8%-247.3pp	-17.5%+24.4pp	-41.9%-29.4pp	-12.5%-6.6pp	-5.9%
Net Margin	-267.0%-231.6pp	-35.4%+8.3pp	-43.7%-29.6pp	-14.1%-7.4pp	-6.7%
Return on Equity	N/A	-16.6%+182.3pp	-198.8%-139.0pp	-59.8%+6.3pp	-66.1%
Return on Assets	-325.2%-315.9pp	-9.4%+18.6pp	-28.0%-12.5pp	-15.5%-5.9pp	-9.6%
Current Ratio	0.48-1.6	2.12+1.2	0.96-0.2	1.18+0.3	0.88
Debt-to-Equity	-0.05-0.8	0.78-5.4	6.18+3.3	2.86-3.0	5.89
FCF Margin	N/A	-219.1%-210.2pp	-8.8%+0.9pp	-9.7%	N/A

Metric	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21
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	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.02+0.5	0.48-1.6	2.05-0.1	2.12+1.2	0.93-0.0	0.96-0.2	1.18+0.3	0.88
Debt-to-Equity	0.13+0.2	-0.05-0.9	0.83+0.0	0.78-7.4	8.23+2.0	6.18+3.3	2.86-3.0	5.89
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$18.3M), 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 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Utime Ltd's annual revenue?

Utime Ltd (WTO) reported $34.6M in total revenue for fiscal year 2025. This represents a 42.5% 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 Utime Ltd's revenue growing?

Utime Ltd (WTO) revenue grew by 42.5% year-over-year, from $24.3M to $34.6M in fiscal year 2025.

Is Utime Ltd profitable?

No, Utime Ltd (WTO) reported a net income of -$92.3M in fiscal year 2025, with a net profit margin of -267.0%.

What is Utime Ltd's EBITDA?

Utime Ltd (WTO) had EBITDA of -$90.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Utime Ltd have?

As of fiscal year 2025, Utime Ltd (WTO) had $15.1M in cash and equivalents against $827K in long-term debt.

What is Utime Ltd's gross margin?

Utime Ltd (WTO) had a gross margin of 2.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Utime Ltd's operating margin?

Utime Ltd (WTO) had an operating margin of -264.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Utime Ltd's net profit margin?

Utime Ltd (WTO) had a net profit margin of -267.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Utime Ltd's operating cash flow?

Utime Ltd (WTO) generated -$4.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Utime Ltd's total assets?

Utime Ltd (WTO) had $28.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Utime Ltd have outstanding?

Utime Ltd (WTO) had 4M shares outstanding as of fiscal year 2025.

What is Utime Ltd's current ratio?

Utime Ltd (WTO) had a current ratio of 0.48 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Utime Ltd's debt-to-equity ratio?

Utime Ltd (WTO) had a debt-to-equity ratio of -0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Utime Ltd's return on assets (ROA)?

Utime Ltd (WTO) had a return on assets of -325.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Utime Ltd's cash runway?

Based on fiscal year 2025 data, Utime Ltd (WTO) had $15.1M in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 41 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 Utime Ltd's debt-to-equity ratio negative or unusual?

Utime Ltd (WTO) has negative shareholder equity of -$18.3M 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 Utime Ltd's Piotroski F-Score?

Utime Ltd (WTO) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Utime Ltd's earnings high quality?

Utime Ltd (WTO) has an earnings quality ratio of 0.05x, 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 Utime Ltd cover its interest payments?

Utime Ltd (WTO) has an interest coverage ratio of -169.3x, 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 Utime Ltd?

Utime Ltd (WTO) scores 23 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.