QDM International Inc. Reports Financial Results for Fiscal Year 2026
Rhea-AI Summary
QDM International (OTCQB: QDMI) reported strong fiscal 2026 results, driven by its Hong Kong insurance brokerage subsidiary YeeTah. Revenue from insurance brokerage rose 179.2% and referral revenue grew 25.5%. Net income increased 56.22%, with basic EPS at $0.88 versus $0.56 in 2025.
For Q4 2026, revenue rose 88.85% and net income grew 63.53%, with EPS at $0.60 versus $0.37. Cost of sales climbed sharply, compressing full-year gross margin, while Q4 margin improved. Cash and cash equivalents increased to $10.33 million from $8.56 million.
Positive
- Insurance brokerage revenue +179.2% YoY, up approximately $12.8 million
- Referral business revenue +25.5% YoY, up about $319,000
- Fiscal 2026 net income +56.22% YoY, up roughly $2.7 million
- Fiscal 2026 basic EPS increased to $0.88 from $0.56
- Q4 2026 revenue +88.85% YoY, up about $4.3 million
- Cash and equivalents increased to $10.33 million from $8.56 million
Negative
- Fiscal 2026 cost of sales +836.5%, up approximately $8.9 million
- Full-year gross profit margin decreased by about 33.7 percentage points
- Fiscal 2026 G&A expenses +67.2%, up roughly $949,000
- Q4 2026 cost of sales +299.95%, up about $1.66 million
- Q4 2026 current income tax expense +74.74%, up around $508,524
News Market Reaction – QDMI
In the Jul 7 session, QDMI declined 6.25%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONG KONG, June 30, 2026 (GLOBE NEWSWIRE) -- QDM International Inc. (the “Company”)(OTCQB: QDMI), a Florida holding company with operations primarily conducted through its indirectly wholly-owned subsidiary, Hong Kong YeeTah Insurance Broker Limited (“YeeTah”), today announced its financial results for the fiscal year ended March 31, 2026.
Operational and Financial Highlights for Fiscal Year 2026
Revenue from insurance brokerage services increased by approximately
Net income for the fiscal year ended March 31, 2026 increased by approximately
Basic earnings per share for the fiscal year ended March 31, 2026 was
Operational and Financial Highlights for Fourth Quarter of Fiscal Year 2026
Revenue for the fourth quarter ended March 31, 2026 increased by approximately
Net income for the fourth quarter ended March 31, 2026 increased by approximately
Basic earnings per share for the fourth quarter ended March 31, 2026 was
Huihe Zheng, Chairman, CEO, and President of the Company said: “In fiscal year 2026, the Company witnessed comprehensive performance growth: the revenue from its core insurance brokerage business surged by nearly
Results of Operations for Fiscal Year 2026
Revenue from insurance brokerage services increased by approximately
Cost of sales increased by approximately
Gross profit margin decreased by approximately
General and administrative expenses increased by approximately
Current income tax expenses increased by approximately
Net income for the fiscal year ended March 31, 2026 increased by approximately
Basic earnings per share in the fiscal year 2026 was
Result of Operations for Fourth Quarter of Fiscal Year 2026
Revenue for the fourth quarter ended March 31, 2026 increased by approximately
Cost of sales increased by approximately
Gross profit margin increased by approximately
General and administrative expenses increased by approximately
Current income tax expenses increased by approximately
Net income for the fourth quarter ended March 31, 2026 increased by approximately
Basic earnings per share for the fourth quarter ended December 31, 2026 was
Financial Condition
Cash and cash equivalents were
About QDM International Inc.
QDM International Inc. (OTCQB: QDMI) is a holding company that conducts its insurance brokerage business in Hong Kong through its wholly owned subsidiary, YeeTah. YeeTah is an independent, licensed insurance broker offering approximately 629 insurance products, including life, medical, auto, property, liability, and homeowner coverage, through partnerships with 24 insurance companies as of March 31, 2026. YeeTah is also licensed as a Mandatory Provident Fund (“MPF”) intermediary, providing customers with account-opening and related services under Hong Kong’s MPF and Occupational Retirement Schemes Ordinance (“ORSO”). We presently serve only Hong Kong residents and mainland visitors; MPF and ORSO services are solely for Hong Kong residents. The Company generates revenue primarily through commissions paid by insurance companies. For more information, please visit https://www.qdmi.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company bases these forward-looking statements on its expectations and projections about future events, which the Company derives from the information currently available to it. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: the Company’s ability to attract and retain customers, including mainland Chinese visitors to Hong Kong; its ability to maintain and expand relationships with insurance company partners and obtain favorable commission rates; changes in laws, regulations, or regulatory guidance in Hong Kong, including those issued by the Insurance Authority, that could impact the Company’s business or commission structures; the impact of political, economic, and social conditions in Hong Kong and mainland China; the Company’s ability to recruit and retain qualified sales professionals and key management personnel; the competitive environment of the insurance brokerage industry in Hong Kong; and the Company’s ability to complete a proposed public offering and listing on a national securities exchange. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The Company is not obligated to update or revise any forward-looking statement publicly, whether as a result of new information, future events, uncertainties, or assumptions, except as required by applicable law. The forward-looking events discussed in this press release may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about the Company. For a more detailed discussion of risk factors, please refer to the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Registration Statement on Form S-1.
Investor Relations Contact
Investor Relation Office
Tel: 852 8491 2508
Email: ir@qdmi.com
QDM INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2026 AND 2025
| March 31, 2026 | March 31, 2025 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 10,328,590 | $ | 8,557,305 | ||||
| Accounts receivable, net of credit loss allowance of $nil and $nil | 2,897,114 | 1,702,217 | ||||||
| Prepaid expenses and deposits | 4,057,519 | 144,768 | ||||||
| Total current assets | 17,283,223 | 10,404,290 | ||||||
| Right of use assets – operating lease | 73,003 | 185,662 | ||||||
| Long-term prepaid expenses and deposits | 86,316 | 86,316 | ||||||
| Property and equipment, net | 899 | 33,030 | ||||||
| Total assets | $ | 17,443,441 | $ | 10,709,298 | ||||
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||||||
| Current liabilities: | ||||||||
| Accounts payable & accrued liabilities | $ | 82,224 | $ | 286,074 | ||||
| Operating lease liabilities - current | 40,703 | 115,125 | ||||||
| Income tax payable | 915,215 | 1,395,418 | ||||||
| Total current liabilities | 1,038,142 | 1,796,617 | ||||||
| Operating lease liabilities – non current | 30,680 | 71,383 | ||||||
| Total liabilities | 1,068,822 | 1,868,000 | ||||||
| Temporary equity: | ||||||||
| Redeemable Series B preferred stock, | 812,851 | — | ||||||
| Stockholders’ equity: | ||||||||
| Series B preferred stock, | — | 601 | ||||||
| Series C preferred stock, | — | 53 | ||||||
| Common stock, | 3,572 | 3,519 | ||||||
| Treasury stock, 139 and 139 shares at cost | (60,395 | ) | (60,395 | ) | ||||
| Additional paid-in capital | 11,688,381 | 12,500,631 | ||||||
| Retained earnings (accumulated deficit) | 3,930,210 | (3,603,111 | ) | |||||
| Total stockholders’ equity | 15,561,768 | 8,841,298 | ||||||
| Total liabilities, temporary equity and shareholders’ equity | $ | 17,443,441 | $ | 10,709,298 | ||||
*Retrospectively applied for effect of the 2025 Reverse Stock Split on September 19, 2025.
QDM INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE FISCAL YEARS ENDED MARCH 31, 2026 AND 2025
| For the Fiscal Years Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Revenue | $ | 21,475,746 | $ | 8,381,274 | ||||
| Cost of sales | 9,964,867 | 1,064,039 | ||||||
| Gross profit | 11,510,879 | 7,317,235 | ||||||
| Operating expenses | ||||||||
| General & administrative expenses | $ | 2,361,443 | $ | 1,411,945 | ||||
| Total operating expenses | 2,361,443 | 1,411,945 | ||||||
| Income from operations | 9,149,436 | 5,905,290 | ||||||
| Other (income) expense | ||||||||
| Finance costs | (6,105 | ) | (5,426 | ) | ||||
| Other income, net | 118,025 | 9,849 | ||||||
| Total other income | 111,920 | 4,423 | ||||||
| Income before income taxes | 9,261,356 | 5,909,713 | ||||||
| Current income tax expense | 1,728,035 | 1,086,375 | ||||||
| Net income | $ | 7,533,321 | $ | 4,823,338 | ||||
| Total comprehensive income | $ | 7,533,321 | $ | 4,823,338 | ||||
| Earnings per share of common stock: | ||||||||
| Basic earnings per share | $ | 0.88 | $ | 0.56 | ||||
| Diluted earnings per share | $ | 0.88 | $ | 0.56 | ||||
| Weighted average basic & diluted shares outstanding: | ||||||||
| Basic | 8,608,245 | 8,577,583 | ||||||
| Diluted | 8,608,245 | 8,577,583 | ||||||
* Retrospectively applied for effect of the 2025 Reverse Stock Split on September 19, 2025.
