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VS MEDIA Holdings Ltd

VSME Clue Score22
Hong Kong Fiscal year ends December CIK 0001951294
$0.78 -4.03% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.78 −48.18% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Sep 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue10.9Operating income−0.1Net income−0.2EPS, diluted−0.01Fiscal year 2022Revenue9.0 −17.5%Operating income−1.6Net income3.5EPS, diluted1.23Fiscal year 2023Revenue8.0 −11.5%Operating income−6.4Net income−6.6 −287.1%EPS, diluted−46.16Fiscal year 2024Revenue8.2 +3.2%Operating income−6.9Net income−7.3EPS, diluted−46.08Fiscal year 2025Revenue7.5 −8.8%Operating income−6.4Net income−8.6EPS, diluted−5.20
FY2021FY2022FY2023FY2024FY2025
Revenue 10.9 9.0 8.0 8.2 7.5
Growth −17.5% −11.5% +3.2% −8.8%
Operating income −0.1 −1.6 −6.4 −6.9 −6.4
Net income −0.2 3.5 −6.6 −7.3 −8.6
Growth −287.1%
EPS, diluted −0.01 1.23 −46.16 −46.08 −5.20

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin20.9%Operating margin−0.6%Net margin−2.1%Free cash flow margin−12.9%Fiscal year 2022Gross margin25.3%Operating margin−18.2%Net margin39.0%Fiscal year 2023Gross margin20.5%Operating margin−80.3%Net margin−82.5%Free cash flow margin−90.7%Fiscal year 2024Gross margin20.5%Operating margin−83.7%Net margin−88.4%Free cash flow margin−18.1%Fiscal year 2025Gross margin23.7%Operating margin−85.4%Net margin−114.5%Free cash flow margin−46.9%
FY2021FY2022FY2023FY2024FY2025
Gross margin 20.9% 25.3% 20.5% 20.5% 23.7%
Operating margin −0.6% −18.2% −80.3% −83.7% −85.4%
Net margin −2.1% 39.0% −82.5% −88.4% −114.5%
Free cash flow margin −12.9% n/a −90.7% −18.1% −46.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−1.4Capital expenditure−0.0Free cash flow−1.4Fiscal year 2022Operating cash flow−2.0Fiscal year 2023Operating cash flow−7.2Capital expenditure−0.0Free cash flow−7.2Fiscal year 2024Operating cash flow−1.5Capital expenditure−0.0Free cash flow−1.5Fiscal year 2025Operating cash flow−3.5Capital expenditure−0.0Free cash flow−3.5
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.4 −2.0 −7.2 −1.5 −3.5
Capital expenditure −0.0 n/a −0.0 −0.0 −0.0
Free cash flow −1.4 n/a −7.2 −1.5 −3.5
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2021Shareholders’ equity−3.0Fiscal year 2022Cash0.8Shareholders’ equity1.6Fiscal year 2023Cash1.5Shareholders’ equity4.2Fiscal year 2024Cash0.8Shareholders’ equity1.3Fiscal year 2025Cash1.0Shareholders’ equity4.1
FY2021FY2022FY2023FY2024FY2025
Cash n/a 0.8 1.5 0.8 1.0
Shareholders’ equity −3.0 1.6 4.2 1.3 4.1

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
10.9 9.0 8.0 8.2 7.5
Growth −17.5% −11.5% +3.2% −8.8%
8.7 6.7 6.4 6.6 5.7
2.3 2.3 1.6 1.7 1.8
Growth +0.1% −28.2% +3.3% +5.3%
2.2 3.9 7.0 7.2 6.8
−0.1 −1.6 −6.4 −6.9 −6.4
Growth
−0.2 −1.8 −6.6 −7.3 −8.6
−0.2 3.5 −6.6 −7.3 −8.6
Growth −287.1%
Per share
−0.01 1.23 −46.16 −46.08 −5.20
−0.01 1.23 −46.16 −46.08 −5.20
Growth −3,852.8%
20.0 2.9 0.1 0.2 1.7
20.0 2.9 0.1 0.2 1.7
Growth −85.7% −95.0% +10.8% +946.2%

† The diluted share count jumps at 2022 and 2023 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 4 of 5 years on file.