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YIBO

Planet Image International Limited Class A Ordinary Shares

YIBO

Planet Image International Limited Class A Ordinary Shares • NASDAQ
$1.05 ▲ 1.94% (+0.02)
Market Cap $56.82 M
52w High $17.47
52w Low $0.95
Dividend Yield 0%
P/E -10.5
Volume 668
Outstanding Shares 54.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $74.508M ▲ $34.544M ▲ $-8.039M ▼ -10.789% ▼ $-0.15 ▼ $-9.837M ▼
Q4-2024 $72.564M ▼ $22.992M ▲ $2.817M ▼ 3.882% ▼ $0.052 ▼ $2.878M ▼
Q2-2024 $77.264M ▲ $22.398M ▼ $4.297M ▲ 5.561% ▲ $0.082 ▼ $6.465M ▲
Q4-2023 $76.017M ▲ $24.796M ▲ $3.78M ▼ 4.973% ▼ $0.09 ▲ $3.499M ▼
Q2-2023 $74.205M $21.448M $3.994M 5.382% $0.074 $6.178M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $54.834M ▲ $140.351M ▲ $82.164M ▲ $58.187M ▲
Q4-2024 $49.461M ▼ $138.922M ▼ $82.036M ▼ $56.886M ▲
Q2-2024 $53.455M ▲ $139.259M ▲ $85.378M ▼ $53.881M ▲
Q4-2023 $45.126M ▲ $130.267M ▲ $97.156M ▲ $33.111M ▲
Q2-2023 $34.761M $114.502M $84.775M $29.727M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-8.039M ▼ $-4.493M ▼ $3.499M ▲ $7.661M ▲ $6.976M ▲ $-4.893M ▼
Q4-2024 $2.817M ▼ $-2.146M ▲ $-17.883M ▼ $1.477M ▼ $-69.363M ▼ $-3.274M ▼
Q2-2024 $4.297M ▲ $-2.415M ▼ $-482K ▲ $8.161M ▲ $69.363M ▲ $-2.897M ▼
Q4-2023 $3.78M ▼ $15.916M ▲ $-773K ▼ $-4.414M ▼ $10.733M ▲ $15.135M ▲
Q2-2023 $3.994M $1.979M $-214K $-315K $735K $1.765M

Five-Year Company Overview

Income Statement

Income Statement Revenue has inched up slowly over the past few years, showing steady but not explosive growth. Profit margins look relatively stable, with the company consistently turning a modest profit rather than swinging between big gains and losses. Earnings per share have gradually improved, suggesting that operations are becoming a bit more efficient over time. Overall, the income statement paints a picture of a business that is stable, modestly profitable, and growing at a controlled pace, rather than one racing ahead or under heavy pressure.

Balance Sheet

Balance Sheet The balance sheet has gradually strengthened, with total assets and shareholders’ equity both trending upward over the past few years. Cash levels are solid for a company of this size, providing some financial flexibility. Debt is present but appears to be kept in check relative to the asset base and growing equity, implying a measured use of leverage rather than aggressive borrowing. The overall impression is of a company slowly building its financial foundation while maintaining a balanced capital structure.

Cash Flow

Cash Flow Operating cash flow has generally been positive, which supports the reported profits and indicates that earnings are backed by real cash generation. Free cash flow has followed a similar pattern, helped by very light spending on physical assets, which keeps cash needs lower. The most recent year shows a softer cash flow picture, suggesting some short-term pressure or timing effects, but not a structural breakdown. In simple terms, cash generation has been decent and mostly consistent, though not yet at a level that would be considered very robust or abundant.

Competitive Edge

Competitive Edge Planet Image operates in the compatible printer consumables space, where it has built a defensible position through a large patent portfolio, in-house chip technology, and deep experience with printer compatibility. Its mix of white-label manufacturing, self-owned brands, and remanufactured products lets it serve a wide range of customers and price points. Scale in key markets like North America and Europe, combined with integrated logistics and localized service, gives it cost and service advantages versus smaller rivals. However, it still competes in a crowded market against both original printer makers and other compatible suppliers, so maintaining differentiation on quality, reliability, and legal compliance is critical.

Innovation and R&D

Innovation and R&D The company emphasizes research and development, particularly in proprietary chip design and intellectual property, to stay ahead of printer firmware changes and avoid patent conflicts. Its large patent base acts as both a shield and a tool for shaping product design, which is important in a legally sensitive industry. Beyond core toner technology, the firm is using its e-commerce and logistics capabilities to expand into adjacent product categories, such as home and fitness equipment and other consumer goods. Future innovation likely hinges on better chip performance, broader product lines, more eco-friendly remanufactured solutions, and entry into new regions, all of which could support growth but require ongoing investment and careful execution.

Summary

Planet Image is a relatively young listed company with a stable, moderately profitable financial profile and a balance sheet that has been steadily improving. It has carved out a meaningful niche in compatible printer consumables through patents, proprietary chip technology, and an integrated global sales and logistics network. The business benefits from a diversified model that includes white-label manufacturing, its own brands, and environmentally minded remanufactured products, and it is experimenting with broader consumer categories to reduce dependence on printing alone. Key opportunities lie in continued innovation, geographic expansion, and sustainability-focused offerings, while main risks stem from intense competition, technological changes by original printer makers, and the need to keep investing in R&D without overextending its finances.