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NISN

Nisun International Enterprise Development Group Co., Ltd

NISN

Nisun International Enterprise Development Group Co., Ltd • NASDAQ
$3.61 ▼ -1.76% (-0.06)
Market Cap $16.63 M
52w High $9.33
52w Low $3.22
Dividend Yield 0%
P/E 15.68
Volume 17.80K
Outstanding Shares 4.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $147.369M ▼ $21.489M ▲ $-9.38M ▼ -6.365% ▼ $-2.38 ▼ $-7.013M ▼
Q2-2024 $192.25M ▼ $5.715M ▼ $10.304M ▲ 5.359% ▲ $2.61 ▲ $13.613M ▼
Q4-2023 $259.727M ▲ $11.956M ▲ $6.258M ▼ 2.41% ▼ $1.58 ▼ $13.638M ▼
Q2-2023 $126.713M ▲ $8.243M ▼ $11.319M ▲ 8.933% ▲ $2.87 ▲ $15.272M ▲
Q4-2022 $115.519M $13.067M $3.449M 2.986% $0.87 $2.24M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $51.904M ▼ $271.421M ▲ $60.292M ▲ $206.763M ▲
Q2-2024 $55.908M ▼ $268.834M ▼ $60.006M ▼ $204.55M ▲
Q4-2023 $127.441M ▲ $315.899M ▼ $112.844M ▼ $198.799M ▲
Q2-2023 $124.654M ▲ $319.981M ▲ $127.066M ▲ $188.756M ▲
Q4-2022 $75.602M $283.42M $93.623M $185.632M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-9.38M ▼ $-6.34M ▲ $-863.638K ▼ $1.409M ▲ $-69.63M ▼ $-6.355M ▲
Q2-2024 $10.304M ▲ $-69.348M ▼ $6.875M ▼ $-2.149M ▼ $-66.788M ▼ $-69.36M ▼
Q4-2023 $6.258M ▼ $-21.724M ▼ $26.832M ▲ $1.403M ▲ $4.007M ▼ $-22.002M ▼
Q2-2023 $11.319M ▲ $57.224M ▲ $-6.979M ▼ $-8.187M ▲ $39.319M ▲ $56.954M ▲
Q4-2022 $3.449M $1.467M $-6.304M $-17.973M $-12.059M $993.174K

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily from a very small base, showing that the business is gaining traction, but it is still a relatively small company in absolute terms. Profitability has improved over time, moving from losses to roughly break-even to modest profit in recent years, although the latest year looks very close to flat. Margins are thin, so profits remain fragile and can swing with small changes in volume or costs. The company is shifting its mix away from low-margin trading toward higher-margin financing solutions, which, if executed well, could support better profitability over time. Reported earnings per share have been volatile, which likely reflects changes in the share count and capital structure rather than just changes in the underlying business.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative for a financial-services business. Assets and shareholders’ equity have both grown over the past few years, and the company uses only modest financial debt, which limits interest burden and reduces refinancing risk. Cash holdings have generally improved over time but dipped in the most recent year, which is worth monitoring as the firm pursues ambitious growth. Overall, the company appears more equity-funded than debt-funded, which is a strength in terms of resilience, but its total size is still small, so it is more exposed to business shocks or large single-client issues.

Cash Flow

Cash Flow Cash generation is the weaker spot. Operating cash flow has moved between small inflows and outflows over the years, with the latest period showing cash going out despite accounting profits. That suggests working capital swings, slow collections, or upfront funding needs tied to its supply chain activities. Capital spending is minimal, so this is an asset-light model, and free cash flow mostly mirrors operating cash flow. For a finance-oriented business, the key question is whether it can translate reported earnings into consistently positive cash over time; so far, that record is mixed and should be watched closely as it scales.

Competitive Edge

Competitive Edge Nisun positions itself at the intersection of supply chain management and financial technology, mainly serving small and mid-sized enterprises in China. Its edge comes from combining industry-specific expertise in commodities with financing solutions and digital platforms. The company has pushed into several niche supply chains—such as agricultural products, edible oils, rubber, eggs, gold, and traditional Chinese medicine—using data and partnerships to integrate itself into clients’ operations. It has also built relationships with large, often state-linked partners, which can support credibility and deal flow. At the same time, it operates in a crowded and highly regulated space where large banks, state-owned institutions, and bigger fintech firms are strong competitors. Its small size, reliance on counterparties, and exposure to commodity cycles leave it with a competitive position that is promising but not yet firmly entrenched.

Innovation and R&D

Innovation and R&D The company emphasizes technology as a core differentiator. It promotes an integrated fintech platform that uses big data, artificial intelligence, blockchain, and the Internet of Things to assess risk, track goods, and support financing decisions along the supply chain. Its “Huijingshe” platform and related tools aim to connect banks, securities firms, insurers, and enterprises into one ecosystem, creating data advantages and potential network effects. Nisun also offers digital-upgrade services to financial institutions, which could deepen relationships and embed its technology more broadly. The firm is experimenting beyond pure finance—for example, backing an expansion of fast-food franchises near universities—showing a willingness to innovate in business models as well. However, public information is light on specific R&D spending or detailed proof that its technologies are meaningfully ahead of peers, so there is some uncertainty about how durable its technical edge really is.

Summary

Nisun is a small but evolving fintech and supply-chain finance player that has grown quickly from a low starting point. Its income statement shows rising revenue and improving profitability, but profits are still thin and cash generation has been uneven. The balance sheet is relatively clean, with limited debt and growing equity, which gives it some cushion as it pursues growth. Competitively, it is trying to build a niche by embedding itself deeply in targeted commodity and SME supply chains, supported by data-driven platforms and partnerships with larger institutions. Its innovation story centers on using advanced technology to lower risk and make supply chain financing more efficient, along with opportunistic moves into related sectors. The overall picture is of a company with an ambitious growth narrative and interesting technological positioning, but with execution, credit quality, regulatory, and cash-flow discipline as key areas to watch rather than assume are already proven.