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VS MEDIA Holdings Ltd

VSME Clue Score22
Hong Kong Fiscal year ends December CIK 0001951294
$0.78 -0.32% Close, 12 Oct 2026
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Price $0.78 −24.27% Close, 12 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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
20.9% 25.3% 20.5% 20.5% 23.7%
−0.6% −18.2% −80.3% −83.7% −85.4%
−1.9% −20.0% −82.5% −88.4% −114.5%
−2.1% 39.0% −82.5% −88.4% −114.5%
−12.9% n/a −90.7% −18.1% −46.9%
Spending
19.8% 42.7% 87.3% 86.8% 89.8%
0.4% n/a 0.0% 0.1% 0.2%
Returns
n/a 217.7% −157.3% −569.8% −208.1%
n/a 46.4% −65.4% −101.5% −92.3%
Balance and payout
n/a 78.7% 58.4% 82.2% 55.7%