GSUN
GSUN
Golden Sun Education Group LimitedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $18.91M ▲ | $1.1M ▼ | $-292.65K ▲ | -1.55% ▲ | $-0.03 ▲ | $-827.73K ▲ |
| Q2-2025 | $16.57M ▲ | $1.8M ▼ | $-4.79M ▼ | -28.94% ▲ | $-2.94 ▼ | $-1.18M ▲ |
| Q4-2024 | $6.45M ▲ | $2.1M ▼ | $-1.95M ▼ | -30.19% ▲ | $-0.98 ▼ | $-1.34M ▼ |
| Q2-2024 | $3.71M ▲ | $2.82M ▲ | $-1.76M ▲ | -47.43% ▲ | $-0.89 ▲ | $-1.29M ▲ |
| Q4-2023 | $2.63M | $2.63M | $-2.11M | -80.33% | $-1.11 | $-1.67M |
What's going well?
The company grew revenue by 14% and slashed its operating expenses by 39%. Net losses are much smaller than last quarter, showing some progress toward stability.
What's concerning?
Margins are extremely thin, and the business is still losing money. Big swings in discontinued operations and a huge jump in share count make results hard to trust and dilute existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $775.33K ▲ | $23.96M ▼ | $15.13M ▼ | $9.28M ▲ |
| Q2-2025 | $137.08K ▼ | $24.86M ▲ | $29.12M ▲ | $-3.91M ▼ |
| Q4-2024 | $839.62K ▼ | $17.08M ▲ | $16.67M ▲ | $717.54K ▼ |
| Q2-2024 | $2.09M ▼ | $16.44M ▼ | $13.87M ▼ | $2.64M ▼ |
| Q4-2023 | $6.55M | $19.45M | $15.07M | $4.43M |
What's financially strong about this company?
Debt was cut in half, equity turned positive, and cash increased more than fivefold. Customers are prepaying for future services, and the company now has enough current assets to cover its short-term bills.
What are the financial risks or weaknesses?
Cash is still low relative to expenses, and receivables and payables have both jumped, which could signal cash flow stress. The company has a long history of losses and is relying on new share issuance and acquisitions to improve its position.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-72.81K ▲ | $-800.08K ▲ | $204.88K ▲ | $1.16M ▼ | $638.26K ▲ | $-803.03K ▲ |
| Q2-2025 | $-4.79M ▼ | $-8.52M ▼ | $-39.61K ▲ | $7.86M ▲ | $-702.55K ▲ | $-8.52M ▼ |
| Q4-2024 | $-1.95M ▼ | $-2.25M ▲ | $-100.58K ▲ | $1.08M ▲ | $-1.25M ▲ | $-2.35M ▲ |
| Q2-2024 | $-1.76M ▲ | $-2.65M ▲ | $-1.87M ▼ | $36.8K ▲ | $-4.47M ▲ | $-4.41M ▲ |
| Q4-2023 | $-2.11M | $-4.65M | $-1.03M | $-200.3K | $-6.16M | $-4.76M |
What's strong about this company's cash flow?
Cash burn dropped dramatically this quarter, and the company managed to raise enough money to boost its cash balance. If this trend continues, losses could be brought under control.
What are the cash flow concerns?
The business is still losing real cash, and only survived by issuing a large amount of new shares, diluting existing owners. Cash on hand is low, and more funding will be needed unless the business turns profitable soon.
5-Year Trend Analysis
A comprehensive look at Golden Sun Education Group Limited's financial evolution and strategic trajectory over the past five years.
Key positives include a strong rebound in revenue, a balance sheet that has shifted from negative to positive equity, and evident management willingness to adapt the business model in response to regulatory shocks. Liquidity and leverage metrics have improved recently, showing some progress in stabilizing the financial foundation. The diversified set of new ventures—e-commerce marketing, wellness products, and cultural tourism services—opens multiple potential paths to growth, and the company has demonstrated an ability to raise external capital when needed.
Major risks center on persistent losses, deeply negative cash flows from operations, and a dependence on external financing to sustain the business. The move into new sectors comes with execution and integration challenges, and there is no clear, established competitive moat in any of the new lines. The appearance of significant goodwill and intangibles raises the risk of future write-downs if acquisitions underperform. Regulatory uncertainty in China and intense competition across e-commerce, wellness, and tourism further heighten business risk. Previous disclosures of going-concern doubts underscore how sensitive the company is to any setbacks.
The outlook is highly uncertain and hinges on whether GSUN can turn its ambitious pivot into a profitable, cash-generative model before financial pressures intensify. If the company can improve margins in its new businesses, stabilize gross profitability, and turn operating cash flow toward breakeven, the recent revenue rebound and stronger equity position could support a more sustainable trajectory. If not, continued cash burn, competitive headwinds, and balance-sheet constraints could limit its options. Overall, the situation resembles an early-stage reinvention story with meaningful upside potential but elevated financial and execution risk.
About Golden Sun Education Group Limited
https://www.jtyjyjt.comGolden Sun Education Group Limited, through its subsidiaries, provides education and management services in the People's Republic of China. It operates through two segments, primary and secondary school services, tutoring, and other Services. The company offers private school educational and foreign language tutorials, and other education training management services.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $18.91M ▲ | $1.1M ▼ | $-292.65K ▲ | -1.55% ▲ | $-0.03 ▲ | $-827.73K ▲ |
| Q2-2025 | $16.57M ▲ | $1.8M ▼ | $-4.79M ▼ | -28.94% ▲ | $-2.94 ▼ | $-1.18M ▲ |
| Q4-2024 | $6.45M ▲ | $2.1M ▼ | $-1.95M ▼ | -30.19% ▲ | $-0.98 ▼ | $-1.34M ▼ |
| Q2-2024 | $3.71M ▲ | $2.82M ▲ | $-1.76M ▲ | -47.43% ▲ | $-0.89 ▲ | $-1.29M ▲ |
| Q4-2023 | $2.63M | $2.63M | $-2.11M | -80.33% | $-1.11 | $-1.67M |
What's going well?
The company grew revenue by 14% and slashed its operating expenses by 39%. Net losses are much smaller than last quarter, showing some progress toward stability.
What's concerning?
Margins are extremely thin, and the business is still losing money. Big swings in discontinued operations and a huge jump in share count make results hard to trust and dilute existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $775.33K ▲ | $23.96M ▼ | $15.13M ▼ | $9.28M ▲ |
| Q2-2025 | $137.08K ▼ | $24.86M ▲ | $29.12M ▲ | $-3.91M ▼ |
| Q4-2024 | $839.62K ▼ | $17.08M ▲ | $16.67M ▲ | $717.54K ▼ |
| Q2-2024 | $2.09M ▼ | $16.44M ▼ | $13.87M ▼ | $2.64M ▼ |
| Q4-2023 | $6.55M | $19.45M | $15.07M | $4.43M |
What's financially strong about this company?
Debt was cut in half, equity turned positive, and cash increased more than fivefold. Customers are prepaying for future services, and the company now has enough current assets to cover its short-term bills.
What are the financial risks or weaknesses?
Cash is still low relative to expenses, and receivables and payables have both jumped, which could signal cash flow stress. The company has a long history of losses and is relying on new share issuance and acquisitions to improve its position.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-72.81K ▲ | $-800.08K ▲ | $204.88K ▲ | $1.16M ▼ | $638.26K ▲ | $-803.03K ▲ |
| Q2-2025 | $-4.79M ▼ | $-8.52M ▼ | $-39.61K ▲ | $7.86M ▲ | $-702.55K ▲ | $-8.52M ▼ |
| Q4-2024 | $-1.95M ▼ | $-2.25M ▲ | $-100.58K ▲ | $1.08M ▲ | $-1.25M ▲ | $-2.35M ▲ |
| Q2-2024 | $-1.76M ▲ | $-2.65M ▲ | $-1.87M ▼ | $36.8K ▲ | $-4.47M ▲ | $-4.41M ▲ |
| Q4-2023 | $-2.11M | $-4.65M | $-1.03M | $-200.3K | $-6.16M | $-4.76M |
What's strong about this company's cash flow?
Cash burn dropped dramatically this quarter, and the company managed to raise enough money to boost its cash balance. If this trend continues, losses could be brought under control.
What are the cash flow concerns?
The business is still losing real cash, and only survived by issuing a large amount of new shares, diluting existing owners. Cash on hand is low, and more funding will be needed unless the business turns profitable soon.
5-Year Trend Analysis
A comprehensive look at Golden Sun Education Group Limited's financial evolution and strategic trajectory over the past five years.
Key positives include a strong rebound in revenue, a balance sheet that has shifted from negative to positive equity, and evident management willingness to adapt the business model in response to regulatory shocks. Liquidity and leverage metrics have improved recently, showing some progress in stabilizing the financial foundation. The diversified set of new ventures—e-commerce marketing, wellness products, and cultural tourism services—opens multiple potential paths to growth, and the company has demonstrated an ability to raise external capital when needed.
Major risks center on persistent losses, deeply negative cash flows from operations, and a dependence on external financing to sustain the business. The move into new sectors comes with execution and integration challenges, and there is no clear, established competitive moat in any of the new lines. The appearance of significant goodwill and intangibles raises the risk of future write-downs if acquisitions underperform. Regulatory uncertainty in China and intense competition across e-commerce, wellness, and tourism further heighten business risk. Previous disclosures of going-concern doubts underscore how sensitive the company is to any setbacks.
The outlook is highly uncertain and hinges on whether GSUN can turn its ambitious pivot into a profitable, cash-generative model before financial pressures intensify. If the company can improve margins in its new businesses, stabilize gross profitability, and turn operating cash flow toward breakeven, the recent revenue rebound and stronger equity position could support a more sustainable trajectory. If not, continued cash burn, competitive headwinds, and balance-sheet constraints could limit its options. Overall, the situation resembles an early-stage reinvention story with meaningful upside potential but elevated financial and execution risk.

CEO
Xueyuan Weng
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-04-19 | Reverse | 1:10 |
Ratings Snapshot
Rating : C-

