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WIMI

WiMi Hologram Cloud Inc.

WIMI

WiMi Hologram Cloud Inc. • NASDAQ
$3.06 ▲ 5.15% (+0.15)
Market Cap $150.26 M
52w High $29.20
52w Low $2.23
Dividend Yield 0%
P/E 1.96
Volume 33.36K
Outstanding Shares 49.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $94.12M $35.291M $53.149M 56.469% $5.16 $-7.312M
Q1-2025 $94.12M ▼ $35.291M ▼ $53.149M ▲ 56.469% ▲ $5.16 ▲ $-7.312M ▼
Q4-2024 $125.554M $46.078M $31.989M 25.478% $3.26 $6.926M
Q3-2024 $125.554M ▼ $46.078M ▲ $31.989M ▲ 25.478% ▲ $3.26 ▲ $6.926M ▲
Q2-2024 $145.408M $45.45M $3.832M 2.635% $0.078 $-457.631K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $3.19B $3.399B $972.862M $1.482B
Q1-2025 $3.19B ▲ $3.399B ▲ $972.862M ▲ $1.482B ▲
Q4-2024 $1.918B $2.152B $767.423M $999.184M
Q3-2024 $1.918B ▲ $2.152B ▲ $767.423M ▲ $999.184M ▲
Q2-2024 $1.162B $1.426B $553.264M $749.806M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $53.149M $106.835M $-180.582M $526.997M $0 $106.832M
Q1-2025 $53.149M ▲ $106.835M ▼ $-180.582M ▼ $526.997M ▲ $0 $106.832M ▼
Q4-2024 $31.989M $191.337M $-99.111M $190.519M $0 ▲ $191.325M
Q3-2024 $31.989M ▲ $191.337M ▲ $-99.111M ▲ $190.519M ▲ $-502.705M ▼ $191.325M ▲
Q2-2024 $3.832M $75.115M $-109.274M $143.283M $502.705M $75.114M

Revenue by Products

Product Q2-2022Q4-2022
Service
Service
 $280.00M ▲$200.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively small and has edged down from earlier peaks, which suggests growth has stalled rather than accelerated. Gross profit is positive, but operating results have often been in the red, reflecting high spending on research, marketing, and overhead relative to current sales. The most recent year shows a clear improvement, with the company moving from repeated losses to a modest profit, but the path has been very uneven. Earnings per share have swung sharply, influenced not only by business performance but also by share count changes, making headline earnings volatility look more dramatic than the underlying business shift alone. Overall, the income statement tells a story of an early‑stage, innovation‑heavy company that is still trying to turn technical strengths into stable, scalable profitability.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. The company holds a sizable cash position compared with its overall size, and debt remains modest, which reduces financial pressure and interest costs. Shareholders’ equity has stayed positive throughout the period, although it has moved up and down, reflecting accumulated losses in some years and later recovery. Total assets have grown, largely supported by higher cash and investments, which gives the company some cushion to fund operations and development efforts. In simple terms, WiMi appears more cash‑rich than heavily indebted, which supports flexibility but does not remove the need to prove durable profitability.

Cash Flow

Cash Flow Cash flow has improved meaningfully over time. Operating cash flow was weak and even negative in some earlier years, but more recently it has turned solidly positive, indicating that the core business is starting to fund itself rather than relying entirely on outside capital. Free cash flow closely tracks operating cash flow because capital spending has been very light, suggesting the business model is not very capital‑intensive at this stage. That said, the history is still short and somewhat choppy, so it is too early to call the recent strength a firmly established pattern. The cash flow profile fits a company moving from experimental to more commercially grounded, but still in a fragile phase.

Competitive Edge

Competitive Edge WiMi operates in a fast‑moving niche at the intersection of augmented reality, holographic technology, advertising, and automotive applications. Its competitive position leans heavily on a large holographic content library in China, a broad patent portfolio, and a “full‑stack” approach that covers content, software, and some hardware components. This combination can make it harder for smaller, single‑product rivals to match its offerings. At the same time, the company faces intense competition from both specialized AR/VR players and large technology platforms that have deeper pockets and stronger global brands. Much of WiMi’s advantage is in emerging, not yet fully standardized markets, which means its moat is promising but still unproven and vulnerable to shifts in technology standards, regulation, and customer preferences.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of WiMi’s strategy. The company is pushing into multiple advanced areas at once: holographic AR advertising, automotive head‑up displays, LiDAR, head‑mounted AR/VR devices, AI optimization, quantum‑assisted data analysis, and blockchain‑based infrastructure for the metaverse and Internet of Vehicles. This breadth gives WiMi many possible paths to future growth and differentiates it from firms with a single flagship product. However, it also raises execution risk: turning so many ambitious research lines into products that customers adopt at scale is challenging and can be expensive. The heavy emphasis on R&D helps explain past operating losses and may continue to weigh on earnings. The key open question is how quickly and reliably these technologies can be commercialized beyond pilot projects and regulatory approvals into recurring, high‑margin revenue streams.

Summary

WiMi Hologram Cloud looks like a technology‑driven, still‑maturing company rather than a settled, steady earner. Financially, it has moved from a period of repeated losses and weak cash flow toward recent profitability and stronger cash generation, supported by a cash‑heavy, low‑debt balance sheet. Yet its revenue base remains modest and growth has not been consistently upward, so the turnaround is not fully de‑risked. Competitively, WiMi’s strengths lie in its intellectual property, content library, and integrated AR/holographic platform, along with early steps into international markets. The flip side is high exposure to emerging technologies and evolving end‑markets like the metaverse, AR advertising, and smart vehicles, where demand, standards, and winners are still taking shape. The reverse stock split also signals that the company has experienced market‑price pressure. Overall, WiMi combines solid technical ambition and improving financial signals with significant uncertainty around scale‑up, commercialization, and long‑term competitive resilience.

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