OSRH
OSRH
OSR Holdings, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $627.75K ▼ | $4.07M ▼ | $-2.13M ▲ | -338.77% ▲ | $-0.71 ▲ | $-2.06M ▲ |
| Q2-2025 | $1.14M ▲ | $5.26M ▲ | $-5.23M ▲ | -460.16% ▲ | $-1.17 ▲ | $-5.23M ▼ |
| Q1-2025 | $761.27K ▲ | $3.09M ▲ | $-11.39M ▼ | -1.5K% ▼ | $-2.54 ▼ | $-2.92M ▼ |
| Q4-2024 | $0 | $2.14M ▲ | $-2.02M ▼ | 0% | $-0.45 ▼ | $-2.14M ▼ |
| Q3-2024 | $0 | $454.13K | $-231K | 0% | $-0.06 | $-454K |
What's going well?
The company managed to cut its losses by more than half this quarter. Gross margins improved dramatically, suggesting better cost control or a shift to higher-margin sales.
What's concerning?
Revenue fell nearly in half, and the business is still losing much more than it brings in. Overhead remains extremely high compared to sales, and there is no sign of profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.18M ▲ | $177.29M ▼ | $43.13M ▼ | $81.95M ▼ |
| Q2-2025 | $1.58M ▼ | $185.42M ▲ | $46.26M ▲ | $139.15M ▲ |
| Q1-2025 | $1.6M ▲ | $174.55M ▲ | $42.27M ▲ | $132.28M ▲ |
| Q4-2024 | $66.14K ▲ | $2.3M ▼ | $8.79M ▲ | $-6.49M ▼ |
| Q3-2024 | $12.24K | $20.93M | $6.01M | $14.91M |
What's financially strong about this company?
The company still has positive equity and increased its cash balance this quarter. There are no hidden or unusual liabilities, and inventory is under control.
What are the financial risks or weaknesses?
Most assets are intangible, with little cash or physical assets. Debt jumped sharply, and current assets are far less than current liabilities, creating a serious liquidity risk.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $6.18M ▲ | $-2.71M ▼ | $-726.63K ▲ | $4.12M ▼ | $592.9K ▼ | $-3.15M ▼ |
| Q2-2025 | $-14.6M ▼ | $-43.77K ▲ | $-18.32M ▼ | $19.46M ▲ | $1.52M ▲ | $-43.77K ▲ |
| Q1-2025 | $-11.39M ▼ | $-64.07K ▲ | $1.19M ▼ | $149.38K ▲ | $1.25M ▲ | $-64.07K ▲ |
| Q4-2024 | $-2.02M ▼ | $-502.91K ▼ | $18.97M ▲ | $-18.42M ▼ | $53.9K ▲ | $-502.91K ▼ |
| Q3-2024 | $-230.96K | $-226.88K | $-150K | $270K | $-106.88K | $-226.88K |
What's strong about this company's cash flow?
Net income improved dramatically, swinging from a big loss to a profit. The company can still raise money from investors and lenders.
What are the cash flow concerns?
Actual cash flow is negative and getting worse, with cash burn accelerating. The business is highly dependent on outside funding and has little cash cushion.
5-Year Trend Analysis
A comprehensive look at OSR Holdings, Inc.'s financial evolution and strategic trajectory over the past five years.
OSRH’s main strengths are its diversified exposure to cutting‑edge healthcare technologies, its platform‑oriented approach in multiple high‑value therapeutic and diagnostic areas, and demonstrated ability to structure partnerships and potential spin‑outs around its assets. The holding structure offers flexibility to monetize individual subsidiaries, pursue licensing deals, and tap different capital markets. Scientifically, the portfolio targets large unmet needs in cancer, degenerative disease, and diabetes care, where successful products can be highly valuable.
The key risks are financial and executional. The company has no revenue, deepening losses, negative equity, and severely strained liquidity, all of which point to a high dependence on timely external funding and successful deal‑making. Asset quality has been volatile, with large goodwill and intangible write‑downs, and cash flows from operations are consistently and increasingly negative. On top of this, OSRH operates in highly competitive, regulated fields where clinical, regulatory, and technological setbacks are common, and where larger players can outspend or out‑partner smaller innovators.
The outlook is highly uncertain and hinges on a few critical levers: securing capital on acceptable terms, closing value‑creating partnerships or asset sales, and advancing key programs through clinical and regulatory milestones. If the company can successfully monetize parts of its portfolio and stabilize its balance sheet, the diversified innovation pipeline could offer meaningful upside over the long term. Conversely, if funding or execution fall short, the current financial stress leaves limited room for error. Stakeholders will need to monitor both scientific progress and balance sheet health closely, as they are tightly intertwined in determining OSRH’s future trajectory.
About OSR Holdings, Inc.
https://www.osr-holdings.comOSR Holdings, Inc. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on February 25, 2020 and is headquartered in Bellevue, WA.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $627.75K ▼ | $4.07M ▼ | $-2.13M ▲ | -338.77% ▲ | $-0.71 ▲ | $-2.06M ▲ |
| Q2-2025 | $1.14M ▲ | $5.26M ▲ | $-5.23M ▲ | -460.16% ▲ | $-1.17 ▲ | $-5.23M ▼ |
| Q1-2025 | $761.27K ▲ | $3.09M ▲ | $-11.39M ▼ | -1.5K% ▼ | $-2.54 ▼ | $-2.92M ▼ |
| Q4-2024 | $0 | $2.14M ▲ | $-2.02M ▼ | 0% | $-0.45 ▼ | $-2.14M ▼ |
| Q3-2024 | $0 | $454.13K | $-231K | 0% | $-0.06 | $-454K |
What's going well?
The company managed to cut its losses by more than half this quarter. Gross margins improved dramatically, suggesting better cost control or a shift to higher-margin sales.
What's concerning?
Revenue fell nearly in half, and the business is still losing much more than it brings in. Overhead remains extremely high compared to sales, and there is no sign of profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.18M ▲ | $177.29M ▼ | $43.13M ▼ | $81.95M ▼ |
| Q2-2025 | $1.58M ▼ | $185.42M ▲ | $46.26M ▲ | $139.15M ▲ |
| Q1-2025 | $1.6M ▲ | $174.55M ▲ | $42.27M ▲ | $132.28M ▲ |
| Q4-2024 | $66.14K ▲ | $2.3M ▼ | $8.79M ▲ | $-6.49M ▼ |
| Q3-2024 | $12.24K | $20.93M | $6.01M | $14.91M |
What's financially strong about this company?
The company still has positive equity and increased its cash balance this quarter. There are no hidden or unusual liabilities, and inventory is under control.
What are the financial risks or weaknesses?
Most assets are intangible, with little cash or physical assets. Debt jumped sharply, and current assets are far less than current liabilities, creating a serious liquidity risk.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $6.18M ▲ | $-2.71M ▼ | $-726.63K ▲ | $4.12M ▼ | $592.9K ▼ | $-3.15M ▼ |
| Q2-2025 | $-14.6M ▼ | $-43.77K ▲ | $-18.32M ▼ | $19.46M ▲ | $1.52M ▲ | $-43.77K ▲ |
| Q1-2025 | $-11.39M ▼ | $-64.07K ▲ | $1.19M ▼ | $149.38K ▲ | $1.25M ▲ | $-64.07K ▲ |
| Q4-2024 | $-2.02M ▼ | $-502.91K ▼ | $18.97M ▲ | $-18.42M ▼ | $53.9K ▲ | $-502.91K ▼ |
| Q3-2024 | $-230.96K | $-226.88K | $-150K | $270K | $-106.88K | $-226.88K |
What's strong about this company's cash flow?
Net income improved dramatically, swinging from a big loss to a profit. The company can still raise money from investors and lenders.
What are the cash flow concerns?
Actual cash flow is negative and getting worse, with cash burn accelerating. The business is highly dependent on outside funding and has little cash cushion.
5-Year Trend Analysis
A comprehensive look at OSR Holdings, Inc.'s financial evolution and strategic trajectory over the past five years.
OSRH’s main strengths are its diversified exposure to cutting‑edge healthcare technologies, its platform‑oriented approach in multiple high‑value therapeutic and diagnostic areas, and demonstrated ability to structure partnerships and potential spin‑outs around its assets. The holding structure offers flexibility to monetize individual subsidiaries, pursue licensing deals, and tap different capital markets. Scientifically, the portfolio targets large unmet needs in cancer, degenerative disease, and diabetes care, where successful products can be highly valuable.
The key risks are financial and executional. The company has no revenue, deepening losses, negative equity, and severely strained liquidity, all of which point to a high dependence on timely external funding and successful deal‑making. Asset quality has been volatile, with large goodwill and intangible write‑downs, and cash flows from operations are consistently and increasingly negative. On top of this, OSRH operates in highly competitive, regulated fields where clinical, regulatory, and technological setbacks are common, and where larger players can outspend or out‑partner smaller innovators.
The outlook is highly uncertain and hinges on a few critical levers: securing capital on acceptable terms, closing value‑creating partnerships or asset sales, and advancing key programs through clinical and regulatory milestones. If the company can successfully monetize parts of its portfolio and stabilize its balance sheet, the diversified innovation pipeline could offer meaningful upside over the long term. Conversely, if funding or execution fall short, the current financial stress leaves limited room for error. Stakeholders will need to monitor both scientific progress and balance sheet health closely, as they are tightly intertwined in determining OSRH’s future trajectory.

CEO
Kuk Hyoun Hwang
Compensation Summary
(Year )
Upcoming Earnings
ETFs Holding This Stock
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Ratings Snapshot
Rating : C+

