YMAT revenueFY2025$9.93M
- FY YoY
- -43.5%
YMAT revenue was $9.93M for fiscal 2025 (ended Dec 31, 2025), down 43.5% from fiscal 2024.
J-Star Holding Co. Ltd. (YMAT) financials
For fiscal 2025 (ended Dec 31, 2025), J-Star Holding Co. Ltd. reported $9.93M of revenue and -$20.17M of net income.
- Revenue, FY2025
- $9.93M
- Revenue growth, YoY
- -43.5%
- Net income, FY2025
- -$20.17M
- Net margin
- -203.2%
- Free cash flow, FY2025
- -$3.36M
- EPS, diluted, FY2025
- -$1.23
- Cash
- $97.7K
- Total debt
- $13.67M
- P/S
- 0.54
- Market cap
- $5.3M
FY2023FY2025
FY2023FY2025
FY2023FY2025
YMAT revenue and earnings growth
YMAT net incomeFY2025-$20.17M
YMAT net income was -$20.17M for fiscal 2025 (ended Dec 31, 2025), compared with $1.10M in fiscal 2024.
YMAT EPSFY2025-$1.23
YMAT diluted EPS was -$1.23 for fiscal 2025 (ended Dec 31, 2025), compared with $0.07 in fiscal 2024.
YMAT free cash flowFY2025-$3.36M
YMAT free cash flow was -$3.36M for fiscal 2025 (ended Dec 31, 2025), compared with -$3.08M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $9.93M | $17.56M | $23.78M |
| Cost of revenue | $4.56M | $11.93M | $20.86M |
| Gross profit | $5.37M | $5.63M | $2.92M |
| Research and development | $879.4K | $677.4K | $737.4K |
| Selling, general and admin | $4.56M | $2.61M | $1.82M |
| Operating income | -$20.62M | $1.11M | -$887.7K |
| Interest expense | $373.5K | $402.9K | $808.7K |
| Pre-tax income | -$20.17M | $1.11M | $1.04M |
| Income tax | $5.5K | $5.5K | -$383.0K |
| Net income | -$20.17M | $1.10M | $1.42M |
| EPS, basic | -$1.23 | $0.07 | $0.09 |
| EPS, diluted | -$1.23 | $0.07 | $0.09 |
| Diluted shares | 16.4M | 15.8M | 15.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $97.7K | $649.1K | $559.5K |
| Inventory | $1.03M | $555.7K | - |
| Current assets | $5.61M | $12.71M | - |
| Total assets | $7.16M | $24.38M | - |
| Current liabilities | $12.90M | $10.37M | - |
| Short-term debt | $12.64M | $10.04M | - |
| Long-term debt | $1.03M | $995.3K | - |
| Total debt | $13.67M | $11.03M | - |
| Total liabilities | $13.93M | $11.38M | - |
| Shareholders' equity | -$6.78M | $13.00M | $11.85M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$3.16M | -$3.06M | $7.04M |
| Capital expenditures | $205.6K | $25.2K | $93.5K |
| Free cash flow | -$3.36M | -$3.08M | $6.95M |
| Investing cash flow | -$3.52M | $1.81M | -$8.57M |
| Financing cash flow | $6.59M | $1.41M | -$780.4K |
| Stock-based compensation | $87.8K | $131.7K | $131.7K |
| Depreciation and amortization | $183.8K | $135.7K | $250.2K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | -43.5% | -26.1% | - |
| Net income growth, YoY | - | -22.2% | - |
| EPS growth, YoY | - | -22.2% | - |
| Gross margin | 54.1% | 32.1% | 12.3% |
| Operating margin | -207.7% | 6.3% | -3.7% |
| Net margin | -203.2% | 6.3% | 6.0% |
| Free cash flow margin | -33.9% | -17.6% | 29.2% |
| Return on equity | - | 8.5% | 12.0% |
| Return on assets | -281.9% | 4.5% | - |
| Current ratio | 0.43 | 1.23 | - |
| Debt to equity | - | 0.85 | - |
Source: XBRL data J-Star Holding Co. Ltd. files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
YMAT peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| YMAT | $9.93M | -43.5% | -$20.17M | -203.2% | $5.3M |
| HAS | $6.11B | +27.6% | $956.90M | 15.7% | $16.91B |
| GOLF | $2.70B | +6.8% | $220.53M | 8.2% | $4.84B |
| MAT | $5.56B | +6.4% | $502.61M | 9.0% | $4.45B |
| YETI | $1.94B | +6.2% | $178.79M | 9.2% | $3.35B |
| CALY | $2.10B | +1.9% | -$203.00M | -9.6% | $3.05B |
| PTON | $2.45B | -0.1% | $145.40M | 5.9% | $2.65B |
| GMEX | $5.61M | +7.9% | -$17.28M | -308.0% | $636.5M |
| JOUT | $660.91M | +17.5% | -$7.99M | -1.2% | $502.1M |
YMAT FAQ
9 questionsWhat is YMAT revenue?
J-Star Holding Co. Ltd. (YMAT) reported $9.93M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 43.5% from the year before.Is YMAT profitable?
No. J-Star Holding Co. Ltd. reported a net loss of $20.17M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does YMAT have?
J-Star Holding Co. Ltd. reported $97.7K in cash and cash equivalents and $13.67M of debt on its most recent balance sheet in SEC filings.How fast is YMAT revenue growing?
J-Star Holding Co. Ltd.'s revenue changed -43.5% in fiscal 2025, to $9.93M.What is YMAT gross margin?
J-Star Holding Co. Ltd.'s gross profit was $5.37M on $9.93M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 54.1%.What is YMAT free cash flow?
J-Star Holding Co. Ltd. generated -$3.36M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$3.16M less capital expenditures.What is YMAT earnings per share?
Diluted earnings per share were -$1.23 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did YMAT last report financial results?
The latest statements here come from J-Star Holding Co. Ltd.'s 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this YMAT financial data come from?
Quantisnow builds these statements from the structured XBRL data J-Star Holding Co. Ltd. files with the SEC. It is provided for information only and is not investment advice.