111 Financials
111 (YI) reported $1.8B in revenue for fiscal year 2025, down 9.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
A low-margin distribution model has reached operating breakeven, but shrinking sales and negative equity still define its financial mechanics.
Operating breakeven came through cost contraction, not stronger unit economics: sales contracted from$2.1B to$1.8B while gross margin stayed broadly flat, so the improvement reflects a smaller cost base rather than richer economics. By FY2025, SG&A had been compressed to$9.9M , while interest expense kept the bottom line negative.
Cash conversion improved materially: operating cash flow of
The balance sheet has little asset cushion: total liabilities of
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 111'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.
111 has an operating margin of 0.0%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.
111's revenue declined 9.0% year-over-year, from $2.0B to $1.8B. This contraction results in a growth score of 13/100.
Not available for 111, and counted as zero in the overall score.
111's current ratio of 1.09 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.
111's free cash flow margin of 0.9% results in a low score of 29/100. Capital expenditures of $636K absorb a large share of operating cash flow.
111 scores 3.33, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
111 passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
111 reported a net loss of $3.2M while generating $17.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
111 reported an operating loss of $340K against $5.1M 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
111 generated $1.8B in revenue in fiscal year 2025. This represents a decrease of 9.0% from the prior year.
111's EBITDA was $1.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 48.2% from the prior year.
111 reported -$3.2M in net income in fiscal year 2025. This represents a decrease of 13.1% from the prior year.
111 earned -$0.05 per diluted share (EPS) in fiscal year 2025. That is unchanged from the prior year.
Cash & Balance Sheet
111 generated $16.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.7% from the prior year.
111 held $73.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
111's gross margin was 5.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. That is unchanged from the prior year.
111's operating margin was 0.0% in fiscal year 2025, reflecting core business profitability. That is unchanged from the prior year.
111's net profit margin was -0.2% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
111 invested $636K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 69.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
YI 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 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B-9.0% | $2.0B-6.3% | $2.1B+7.4% | $2.0B+0.5% | $1.9B+55.1% | $1.3B+121.5% | $567.7M+118.5% | $259.8M |
| Cost of Revenue | $1.7B-9.0% | $1.9B-6.4% | $2.0B+8.0% | $1.8B-0.8% | $1.9B | N/A | N/A | N/A |
| Gross Profit | $103.4M-8.9% | $113.6M-5.0% | $119.6M-1.8% | $121.8M+25.0% | $97.5M | N/A | N/A | N/A |
| SG&A Expenses | $9.9M+2.3% | $9.7M-69.2% | $31.6M+5.9% | $29.8M-8.2% | $32.5M+65.3% | $19.7M+10.8% | $17.7M+23.5% | $14.4M |
| Operating Income | -$340K-217.6% | $289K+100.6% | -$49.3M+8.3% | -$53.8M+46.6% | -$100.8M-38.9% | -$72.5M-2.3% | -$70.9M-21.7% | -$58.2M |
| Interest Expense | $5.1M+31.1% | $3.9M+36.8% | $2.8M+45.6% | $1.9M+126.4% | $861K-36.3% | $1.4M+159.8% | $520K | N/A |
| Income Tax | $2K-84.6% | $13K-62.9% | $35K | $0 | $0 | N/A | N/A | $1K |
| Net Income | -$3.2M-13.1% | -$2.8M+94.3% | -$49.8M+8.7% | -$54.5M+44.0% | -$97.5M-36.1% | -$71.6M+0.7% | -$72.1M-29.7% | -$55.6M |
| EPS (Diluted) | -$0.050.0% | -$0.05 | -$0.33+8.3% | -$0.36+42.9% | -$0.63 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
YI 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 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $314.6M-17.6% | $381.9M-12.2% | $435.1M-13.6% | $503.7M+2.0% | $493.6M+6.4% | $463.8M+100.5% | $231.3M+2.8% | $224.9M |
| Current Assets | $303.9M-16.3% | $363.0M-12.1% | $413.1M-11.9% | $469.2M+6.7% | $439.7M-0.1% | $440.3M+106.9% | $212.8M-2.9% | $219.2M |
| Cash & Equivalents | $73.1M+15.4% | $63.3M-25.5% | $85.0M-13.0% | $97.7M-5.9% | $103.8M-43.1% | $182.3M+118.4% | $83.5M-32.8% | $124.2M |
| Inventory | $142.8M-24.9% | $190.1M-4.9% | $199.9M-8.0% | $217.3M+23.5% | $175.9M+49.8% | $117.5M+68.2% | $69.8M+127.8% | $30.7M |
| Accounts Receivable | $37.1M-34.4% | $56.6M-25.1% | $75.6M+6.7% | $70.9M+11.7% | $63.5M+153.9% | $25.0M+166.7% | $9.4M+125.6% | $4.2M |
| Total Liabilities | $415.0M-11.7% | $470.0M-9.1% | $517.3M-8.2% | $563.8M+8.2% | $520.8M+27.3% | $409.1M+240.5% | $120.1M+156.0% | $46.9M |
| Current Liabilities | $279.4M-12.9% | $320.9M-17.0% | $386.6M-2.1% | $395.1M+18.2% | $334.2M+33.8% | $249.8M+124.8% | $111.1M+142.9% | $45.7M |
| Total Equity | -$100.4M-14.1% | -$88.0M-7.1% | -$82.2M-36.7% | -$60.1M-121.0% | -$27.2M-149.7% | $54.8M-50.9% | $111.6M-37.3% | $178.1M |
| Retained Earnings | -$564.9M-6.2% | -$532.1M+1.1% | -$537.9M-8.3% | -$496.8M-5.2% | -$472.3M-31.7% | -$358.6M-32.6% | -$270.5M-34.4% | -$201.3M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
YI 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 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.0M-52.7% | $36.0M+157.2% | -$63.0M-1777.0% | -$3.4M+96.9% | -$108.1M-504.0% | -$17.9M+75.7% | -$73.6M-47.5% | -$49.9M |
| Capital Expenditures | $636K-69.5% | $2.1M+50.5% | $1.4M-69.8% | $4.6M-53.4% | $9.8M+151.3% | $3.9M+35.9% | $2.9M+36.9% | $2.1M |
| Free Cash Flow | $16.4M-51.7% | $34.0M+152.7% | -$64.4M-711.4% | -$7.9M+93.3% | -$117.9M-440.7% | -$21.8M+71.5% | -$76.5M-47.1% | -$52.0M |
| Investing Cash Flow | -$7.7M-250.0% | $5.1M-76.0% | $21.4M+412.5% | -$6.8M-172.5% | $9.4M+119.0% | -$49.8M-245.7% | $34.1M+428.0% | $6.5M |
| Financing Cash Flow | -$3.0M+94.6% | -$55.7M-291.8% | $29.0M+780.2% | $3.3M-71.7% | $11.7M-92.9% | $164.0M+947.9% | $15.7M-88.9% | $141.5M |
| Share Buybacks | N/A | N/A | N/A | N/A | $924K-49.7% | $1.8M-44.4% | $3.3M | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
YI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.8%0.0pp | 5.8%+0.1pp | 5.7%-0.5pp | 6.2%+1.2pp | 5.0% | N/A | N/A | N/A |
| Operating Margin | 0.0%0.0pp | 0.0%+2.4pp | -2.3%+0.4pp | -2.7%+2.4pp | -5.2%+0.6pp | -5.8%+6.7pp | -12.5%+9.9pp | -22.4% |
| Net Margin | -0.2%0.0pp | -0.1%+2.2pp | -2.4%+0.4pp | -2.8%+2.2pp | -5.0%+0.7pp | -5.7%+7.0pp | -12.7%+8.7pp | -21.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -130.7%-66.1pp | -64.6%-33.4pp | -31.2% |
| Return on Assets | -1.0%-0.3pp | -0.8%+10.7pp | -11.4%-0.6pp | -10.8%+8.9pp | -19.7%-4.3pp | -15.4%+15.7pp | -31.2%-6.5pp | -24.7% |
| Current Ratio | 1.090.0x | 1.13+0.1x | 1.07-0.1x | 1.19-0.1x | 1.32-0.4x | 1.76-0.2x | 1.92-2.9x | 4.79 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 7.47+6.4x | 1.08+0.8x | 0.26 |
| FCF Margin | 0.9%-0.8pp | 1.7%+4.8pp | -3.1%-2.7pp | -0.4%+5.6pp | -6.0%-4.3pp | -1.7%+11.7pp | -13.5%+6.6pp | -20.0% |
Note: Shareholder equity is negative (-$100.4M), 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.
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Where 111 Ranks
Frequently Asked Questions
What is 111's annual revenue?
111 (YI) reported $1.8B in total revenue for fiscal year 2025. This represents a -9.0% 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 111's revenue growing?
111 (YI) revenue declined by 9.0% year-over-year, from $2.0B to $1.8B in fiscal year 2025.
Is 111 profitable?
No, 111 (YI) reported a net income of -$3.2M in fiscal year 2025, with a net profit margin of -0.2%.
What is 111's EBITDA?
111 (YI) had EBITDA of $1.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is 111's gross margin?
111 (YI) had a gross margin of 5.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is 111's operating margin?
111 (YI) had an operating margin of 0.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is 111's net profit margin?
111 (YI) had a net profit margin of -0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is 111's free cash flow?
111 (YI) generated $16.4M in free cash flow during fiscal year 2025. This represents a -51.7% change compared to the previous fiscal year. 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 111's operating cash flow?
111 (YI) generated $17.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are 111's total assets?
111 (YI) had $314.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are 111's capital expenditures?
111 (YI) invested $636K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is 111's current ratio?
111 (YI) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.
What is 111's return on assets (ROA)?
111 (YI) had a return on assets of -1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is 111's debt-to-equity ratio negative or not reported?
111 (YI) has negative shareholder equity of -$100.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 111's Altman Z-Score?
111 (YI) has an Altman Z-Score of 3.33, placing it in the Safe Zone (low 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 111's Piotroski F-Score?
111 (YI) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 111's earnings high quality?
111 (YI) reported a net loss of $3.2M while generating $17.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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 111 cover its interest payments?
111 (YI) reported an operating loss of $340K against $5.1M 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 111?
111 (YI) scores 21 out of 100 on our Financial Health Score, indicating weak 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.