WYHG - Wing Yip Food Holdi... Stock Analysis | Stock Taper
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Wing Yip Food Holdings Group Limited American Depositary Shares

WYHG

Wing Yip Food Holdings Group Limited American Depositary Shares NASDAQ
$0.41 -2.26% (-0.01)

Market Cap $21.14 M
52w High $12.00
52w Low $0.39
P/E 4.56
Volume 2.16K
Outstanding Shares 50.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $32.11M $7.57M $-46.23K -0.14% $-0 $707.23K
Q2-2025 $48.5B $9.87B $2.79B 5.75% $55.42 $5.69B
Q1-2025 $50.4B $9.43B $3.5B 6.94% $69.5 $7.54B
Q4-2024 $57.53B $0 $327.34M 0.57% $6.5 $6.09B
Q3-2024 $48.5B $0 $2.64B 5.44% $54.99 $4.97B

What's going well?

Interest expenses and overhead are down slightly. The company avoided major one-time charges, so the numbers reflect the true business performance.

What's concerning?

Revenue plunged 93%, profits disappeared, and the company posted a loss. Margins are shrinking, and costs now eat up almost all revenue, raising questions about the business model's sustainability.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $114.27M $208.45M $42.79M $165.66M
Q2-2025 $109.37M $206.26M $41.58M $164.68M
Q1-2025 $97.7M $201.7M $41.12M $160.58M
Q4-2024 $87.93M $193.49M $37.75M $155.74M
Q3-2024 $112.81M $202.33M $46.11M $156.22M

What's financially strong about this company?

The company has a huge cash cushion, very little debt, and most assets are high quality and tangible. Liquidity is excellent, and equity is strong and growing.

What are the financial risks or weaknesses?

Short-term debt is a bit high compared to long-term, and inventory has ticked up. Deferred revenue is low, so there’s not much customer prepayment.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-46.23K $-876.14K $0 $3.51M $4.12M $-876.14K
Q2-2025 $1.97M $10.06M $0 $-2.04M $11.98M $10.06M
Q1-2025 $2.82M $5.91M $0 $4.97M $9.78M $5.91M
Q4-2024 $-316.13K $-8.43M $-9.17M $5.47M $-23.07M $-18.52M
Q3-2024 $2.89M $4.45M $-42.67K $-171.85K $8.61M $4.45M

What's strong about this company's cash flow?

The company has a very large cash balance of $114.7 billion, giving it a financial cushion. It can still access debt markets to raise funds when needed.

What are the cash flow concerns?

Core operations are now burning cash instead of generating it, and the company needed to borrow $3.5 billion just to keep its cash position. This shift is a red flag if it continues.

5-Year Trend Analysis

A comprehensive look at Wing Yip Food Holdings Group Limited American Depositary Shares's financial evolution and strategic trajectory over the past five years.

+ Strengths

WYHG combines strong and accelerating revenue growth with a solid balance sheet anchored by high cash levels and low net debt. It has a well-established niche in Asian foods, supported by brand recognition, an integrated supply chain, and a broad product catalog, including own-brand products. Consistent profitability in absolute terms and a willingness to invest heavily in R&D and capital projects suggest a long-term growth mindset.

! Risks

The most visible risk is margin compression: costs for overhead, marketing, and R&D are climbing faster than revenue, pushing down profitability ratios. Cash flows are volatile due to large, irregular capital investments and changing working capital needs, while debt and short-term liabilities are slowly rising from low levels. Competitive and cost pressures in the food sector—especially from large retailers and import-related risks—could keep profitability under strain if not managed carefully.

Outlook

The outlook appears cautiously constructive but depends heavily on execution. If WYHG can convert its higher spending on innovation, infrastructure, and brand into durable, higher-margin growth, the combination of strong sales momentum and a robust balance sheet positions it well for the long run. If, however, competitive pressure and rising costs continue to outpace these benefits, investors may see ongoing revenue growth but limited improvement in profitability and free cash generation.