YD Bio Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2026
Rhea-AI Summary
YD Bio (Nasdaq: YDES) reported unaudited results for the six months ended June 30, 2026, with net revenue rising 315% to $0.85 million and gross profit up to $0.27 million. Revenue growth was driven mainly by higher sales of drugs and medical products, including a single Fetroja order of $327,060 that represented 39% of net revenue. Operating expenses increased 73% to $3.5 million, widening the operating loss to $3.23 million.
A $9.85 million non‑cash gain from the change in fair value of warrant liabilities turned prior‑year net loss into net income of $6.7 million. Cash fell to $2.66 million, while warrant liabilities dropped to $4.52 million and shareholders’ equity moved from a deficit to $4.47 million. The company also advanced exosome and diagnostics platforms, expanded telehealth and lab coverage, and signed strategic agreements including a planned acquisition of SSMC and a U.S. agency role for YC Biotech.
Positive
- Net revenue +315% to $846,501 for six months ended June 30, 2026
- Gross profit +290% to $268,230 on higher sales volumes
- Net income $6.7 million versus $1.9 million net loss in 2025 period
- Warrant liabilities reduced to $4.52 million from $14.99 million
- Shareholders’ equity improved to $4.47 million from a $2.86 million deficit
- Binding LOI to acquire SSMC for about NT$839.8 million (~US$26.87 million)
Negative
- Loss from operations widened to $3.23 million from $1.95 million
- Total operating expenses +73% to $3.50 million year over year
- Cash and cash equivalents declined to $2.66 million from $6.01 million
- Operational net loss (excluding warrant revaluation) increased to about $3.1 million
- Revenue concentration risk with one Fetroja order contributing 39% of net revenue
News Explained
YD Bio’s unaudited results for the six months ended
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 30 | Full-year earnings | Negative | -5.9% | Net loss widened to $8.31M despite higher revenue and cash after equity raise. |
| Sep 30 | Half-year earnings | Negative | -8.0% | Revenue fell 9%, expenses rose, and net loss reached $1.9M. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Both prior tag-matched earnings releases were followed by negative 24-hour price reactions, consistent with negative earnings sentiment.
Key Terms
dna methylation technical
fair value of warrant liabilities financial
exosome medical
laboratory-developed test regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAIPEI, Taiwan, Aug. 31, 2026 (GLOBE NEWSWIRE) -- YD Bio Limited (“YD Bio” or the “Company”) (Nasdaq: YDES), a biotechnology company advancing DNA methylation–based cancer detection technology and ophthalmologic innovations, today announced its financial results for the six months ended June 30, 2026.
Management Commentary
“The first half of 2026 marks a historic turning point for YD Bio, highlighted by our transition to bottom-line profitability and a remarkable
Dr. Shen continued, “Looking ahead to the remainder of 2026, we are focused on aggressively managing our capital resources to address our operational runway while building sustainable long-term value. We are scaling up our authorized multi-state molecular laboratory network, advancing the newly launched cross-border clinical trial pilot in Canada, and accelerating our scaled-up exosome manufacturing batches. Furthermore, we have continued to invest heavily in our future by increasing our research and development expenses, specifically relating to two key licensed patents and know-how, which will form the foundation of our next-generation product offerings. Simultaneously, our team continues to carry out due diligence on major therapeutic and AI-driven business combinations. We are entering the second half of the year fully committed to executing our strategic pipeline, expanding patient access to early-stage molecular diagnostics, and systematically driving toward self-sustaining cash flow.”
YD Bio's Six Months Ended June 30, 2026 Financial Results
Through the Company’s combined diagnostics platform, life science service infrastructure, licensed technology portfolio and healthcare commercialization capabilities, YD Bio seeks to develop a scalable operating model designed to support growth across multiple regulated healthcare segments. The following table presents selected summarized financial information taken from YD Bio’s unaudited consolidated statements of operations for the six months ended June 30, 2026 and 2025.
| In thousands USD, except percentage data, differences due to rounding | Six months ended June 30, | |||
| 2026 | 2025 | Variance % | ||
| Net revenue | $ | 847 | 204 | |
| Cost of revenue | (578) | (135) | ||
| Gross profit | 269 | 69 | ||
| General and administrative expenses | 1,866 | 1,170 | ||
| Selling and marketing expenses | 518 | 57 | ||
| Research and development expenses | 1,114 | 791 | ||
| Impairment of expected credit loss | 5 | 4 | ||
| Total operating expenses | 3,503 | 2,023 | ||
| Loss from operations | (3,234) | (1,954) | ||
| Other income, net | 36 | 17 | ||
| Interest income | 51 | 18 | ||
| Change in fair value of warrant liabilities | 9,847 | - | N/A | |
| Total other income, net | 9,934 | 35 | 28, | |
| Income (loss) before income tax | 6,700 | (1,918) | N/A | |
| Income taxes benefit | - | 2 | ( | |
| Net income (loss) | N/A | |||
Net Revenue
Net revenue increased by
Top five individual products by revenue for the six months ended June 30, 2026:
| Product | Revenue | |
| Fetroja for Injection (Drugs) | ||
| Keytruda Injection (Drugs) | ||
| Universal High-Speed Refrigerated Centrifuge (Medical and related products) | ||
| Lynparza (Drugs) | ||
| Imbruvica (Drugs) | ||
| Subtotal | $ 481,745 | |
Top five individual products by revenue for the six months ended June 30, 2025:
| Product | Revenue | |
| Keytruda injection (Drugs) | ||
| Exolens Hioxifilcon (Contact lenses) | ||
| Pharmorubicin Injection (Drugs) | ||
| 12-Lead Electrocardiograph (Medical and related products) | ||
| Solu-Medrol Injection (Drugs) | ||
| Subtotal | $ 113,967 | |
Cost of Revenue
Cost of revenue increased by
Supplier concentration for the six months ended June 30, 2026 included purchases from two suppliers, accounting for approximately
Gross Profit
Gross Profit increased by
Operating Expenses
For the six months ended June 30, 2026, our total operating expenses were approximately
Net (Loss) Income
For the six months ended June 30, 2026, the net income was
Cash and Cash Equivalents
As of June 30, 2026, YD Bio’s cash was
YD Bio Major Developments
Physician-Partnership Initiatives
- Launched a physician-partnership model in Taiwan on August 11 beginning with the collaboration with the Taiwan Chronic Disease Healthcare Association and the Future Health Institute, introducing two chrono-nutrition formulations and co-authoring a related peer-reviewed article in the journal Nutrients.
Therapeutics and Limbal Stem Cell Platform
- Completed key development and technology transfer milestones for licensed LSC-derived exosome technologies, including exosome purification process development, characterization, specification validation, and nonclinical evaluation in animal studies.
- Plans to advance the platform through the development of a scaled-up exosome raw material manufacturing process and the completion of three pilot production batches to position for future drug product development.
- Disbursed a total of
$2,820,000 under the patent agreement with 3D Global for stages spanning cell source development, cell banks establishment, stability examination, and raw material exosome development up to June 30, 2026.
Diagnostics and Telehealth
- Launched the online EG Telehealth Platform on March 31, 2026, in partnership with EG BioMed, introducing a physician-directed channel supporting access to blood-based multi-cancer tests.
- Expanded the multi-state laboratory operating footprint of affiliate EG BioMed US Inc. to 47 states, plus Washington, D.C., Guam, the U.S. Virgin Islands, and American Samoa.
- YD Bio and Numia Health have launched a six-month Canadian pilot evaluating cross-border, blood-based cancer detection. The project uses OkaiDx tests to process mobile-collected samples for up to 50 patients at a U.S. laboratory.
Strategic Expansions and Acquisitions
- Announced a non-binding Memorandum of Understanding on January 6, 2026, to merge with EG BioMed to build out DNA methylation-based diagnostics and biomarker analytics.
- Entered a binding Letter of Intent on January 20, 2026, to acquire
100% of the equity interests in Safe Save Medical Cell Sciences & Technology Co., Ltd. (SSMC) for total consideration of approximately NT$839,832,000 (approximately US$26.87 million ). - Entered into a Master Strategic Alliance Agreement via subsidiary YD Bio USA on February 24, 2026, to act as the exclusive U.S. agent and FDA liaison for YC Biotech Co., Ltd.'s clients in Asia, generating
$66,642 in revenues for the six months ended June 30, 2026.
About YD Bio Limited
YD Bio is a U.S.-anchored public biotechnology company building an integrated healthcare platform spanning regulated molecular diagnostics, clinical services, precision medicine, and life science commercialization. The Company operates DNA methylation–based oncology testing programs in the United States under a laboratory-developed test strategy and supports pharmaceutical and biotechnology partners through compliant life science distribution and clinical trial supply chain services. In addition, the Company maintains regulated ocular health commercialization operations and a consumer health distribution platform in Asia. For more information, visit ir.ydesgroup.com and follow the Company on Facebook, X, Threads, Instagram and LinkedIn.
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, which are intended to be covered by the safe harbor provisions created by the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s plans, objectives and expectations for its business, strategy, operations, financial condition, results of operations, liquidity, certain transactions, regulatory approvals and clinical trials are forward-looking statements. Forward-looking statements are not guarantees of future performance and can be identified by words such as “aim,” “intend,” “seek,” “believe,” “designed to,” “expects,” “anticipates,” “plans,” “may,” “could,” “will” and other similar expressions. The article described above is a narrative review of published literature; it reports no new experimental or clinical data and does not establish the clinical safety or efficacy of any product. Actual results may differ materially from those expressed or implied due to a variety of factors, including the company’s ability to execute its strategic plans and to complete and realize the anticipated benefits from certain transactions and partnerships; the company’s ability to build and manage growth; consumer demand and market acceptance; competition; regulatory and labeling requirements in Taiwan and other jurisdictions; currency exchange rates; geopolitical tensions and macroeconomic conditions; and other risks and uncertainties described in YD Bio’s filings with the U.S. Securities and Exchange Commission. The Company cautions investors not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements, except as required by law, and encourages investors to review the risk factors in its Annual Report on Form 20-F and other SEC filings.
For investor and media inquiries, please contact:
YD Bio Limited
Investor Relations
Email: investor@ydesgroup.com
WFS Investor Relations Inc.
Email: services@wfsir.com
Phone: +1 628 283 9214
YD BIO LIMITED
UNAUDITED CONSOLIDATED BALANCE SHEETS
| As of June 30, 2026 | As of December 31, 2025 | ||
| US$ | US$ | ||
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | 2,662,004 | 6,007,615 | |
| Accounts receivable, net | 223,067 | 167,477 | |
| Due from affiliates | 33,636 | 291,540 | |
| Inventories | 1,892,355 | 1,879,542 | |
| Prepaid expenses and other current assets | 780,309 | 1,324,016 | |
| TOTAL CURRENT ASSETS | 5,591,371 | 9,670,190 | |
| Operating lease right-of-use assets, net | 6,681 | 8,470 | |
| Property, plant and equipment, net | 50,648 | 59,340 | |
| Intangible assets | 2,473,692 | 2,609,739 | |
| Prepaid expenses, non-current | 1,937,869 | 1,431,658 | |
| TOTAL ASSETS | 10,060,261 | 13,779,397 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Due to affiliates | 358,864 | 785,665 | |
| Operating lease liabilities, current | 5,002 | 6,764 | |
| Accounts payable | 371,594 | 413,290 | |
| Accrued expenses and other liabilities | 333,411 | 437,859 | |
| TOTAL CURRENT LIABILITIES | 1,068,871 | 1,643,578 | |
| Warrant Liabilities | 4,517,421 | 14,991,482 | |
| TOTAL LIABILITIES | 5,586,292 | 16,635,060 | |
| Commitments and contingencies | |||
| SHAREHOLDERS’ EQUITY (DEFICIT) | |||
| Common shares ( | 7,084 | 7,079 | |
| Additional paid-in capital | 7,862,430 | 7,161,681 | |
| Accumulated deficits | (3,537,862) | (10,238,359) | |
| Accumulated other comprehensive income | 142,317 | 213,936 | |
| Total shareholders’ equity (deficit) | 4,473,969 | (2,855,663) | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 10,060,261 | 13,779,397 |
YD BIO LIMITED
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME/(LOSS)
| For the Six Months Ended June 30, | |||
| 2026 | 2025 | ||
| US$ | US$ | ||
| Revenue | 846,501 | 204,007 | |
| Cost of revenue | (578,271) | (135,212) | |
| Gross profit | 268,230 | 68,795 | |
| Operating expenses | |||
| General and administrative expenses | 1,866,420 | 1,170,489 | |
| Selling and marketing expenses | 518,147 | 56,574 | |
| Research and development expenses | 1,113,766 | 791,456 | |
| Impairment of expected credit loss | 4,553 | 4,108 | |
| Total operating expenses | 3,502,886 | 2,022,627 | |
| Loss from operations | (3,234,656) | (1,953,832) | |
| Other income | |||
| Other income, net | 35,916 | 17,305 | |
| Interest income | 52,705 | 18,439 | |
| Change in fair value of warrant liabilities | 9,846,532 | - | |
| Total other income, net | 9,935,153 | 35,744 | |
| Income (Loss) before income tax | 6,700,497 | (1,918,088) | |
| Income tax benefit | - | 1,507 | |
| Net income(loss) | 6,700,497 | (1,916,581) | |
| Other comprehensive income (loss), net of tax: | |||
| Change in foreign currency translation adjustments | (71,619) | 414,486 | |
| Other Comprehensive income (loss) | 6,628,878 | (1,502,095) | |
| Basic and diluted net income (loss) per share | 0.09 | (0.03) | |
| Basic and diluted weighted average number of shares outstanding | 70,827,822 | 64,730,411 | |
YD BIO LIMITED
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Six Months Ended June 30, | |||
| 2026 | 2025 | ||
| US$ | US$ | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net Income (loss) | 6,700,497 | (1,916,581) | |
| Adjustments to reconcile net income (loss) to net cash used in operating activities | |||
| Deferred tax liability | — | (1,510) | |
| Depreciation expenses | 8,477 | 8,043 | |
| Amortization | 95,748 | 95,142 | |
| Impairment of expected credit loss | 4,553 | 4,108 | |
| Loss on disposal of property and equipment | 3,927 | — | |
| Lease expenses | 10,139 | 19,187 | |
| Stock based compensation | 60,000 | — | |
| Change in fair value of warrant liabilities | (9,846,532) | — | |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (60,143) | (9,928) | |
| Inventories | (12,813) | (332,878) | |
| Prepaid expense and other current assets | 539,682 | (157,138) | |
| Due from affiliates | 257,904 | (45,316) | |
| Accounts payable | (41,696) | 9,308 | |
| Accrued expense and other liabilities | (104,448) | 150,684 | |
| Amounts due to affiliates | (426,801) | 23,621 | |
| Operating lease liabilities | (10,112) | (8,620) | |
| Net cash used in operating activities | (2,821,618) | (2,161,878) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Prepayments for real estate | (506,211) | — | |
| Acquisition of property, plant and equipment | (8,069) | (2,659) | |
| Net cash used in investing activities | (514,280) | (2,659) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from exercise of warrants | 17,250 | — | |
| Payment of offering cost related to business combination | — | (561,207) | |
| Net cash provided by (used in) financing activities | 17,250 | (561,207) | |
| Effect of change in exchange rate | (26,963) | 62,966 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (3,345,611) | (2,662,778) | |
| Cash and cash equivalents, beginning of period | 6,007,615 | 3,132,298 | |
| Cash and cash equivalents, end of period | 2,662,004 | 469,520 | |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Income taxes paid | — | — | |
| Interest paid | — | — | |
