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YSXT

YSX Tech. Co., Ltd

YSXT

YSX Tech. Co., Ltd • NASDAQ
$2.28 ▲ 8.06% (+0.17)
Market Cap $53.46 M
52w High $9.96
52w Low $1.68
Dividend Yield 0%
P/E 12.67
Volume 880.68K
Outstanding Shares 23.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $34.094M ▲ $1.24M ▲ $1.927M ▼ 5.653% ▼ $0.088 ▼ $2.48M ▼
Q2-2024 $26.498M $556.585K $2.472M 9.328% $0.11 $3.053M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $7.105M ▲ $41.101M ▲ $13.479M ▲ $27.622M ▲
Q2-2025 $5.882M ▼ $31.718M ▲ $10.552M ▲ $21.166M ▲
Q4-2024 $6.388M ▲ $27.871M ▲ $9.236M ▼ $18.635M ▲
Q2-2024 $4.099M ▼ $26.019M ▲ $9.648M ▲ $16.371M ▲
Q4-2023 $4.848M $20.765M $5.945M $14.82M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.927M ▼ $-644.793K ▲ $1.682M ▲ $-47.348K ▼ $5.445M ▲ $-646.27K ▲
Q2-2024 $2.472M $-3.692M $-208.723K $2.744M $0 $-3.693M

Five-Year Company Overview

Income Statement

Income Statement YSX Tech shows a clear pattern of steady revenue growth over the past few years, but profits are still very thin. Gross profit is positive, yet the step down from sales to operating profit suggests the cost base is still heavy for the current scale. Reported earnings per share are modest and have inched down even as revenue has risen, which implies growth is not yet translating into stronger profitability. Overall, the business looks to be in a “build-out” phase: gaining scale, but with earnings still hovering around break-even rather than showing clear, durable margins.

Balance Sheet

Balance Sheet The balance sheet is small but growing, with total assets and shareholders’ equity gradually increasing over time. The company has recently added some debt, while also boosting its cash balance, which points to a desire to fund expansion while keeping a liquidity buffer. Leverage is present but not dominant, and equity remains the main source of capital. At the same time, the overall financial base is still relatively light, which means there is less cushion if growth slows or cash burn increases.

Cash Flow

Cash Flow Cash flow is not yet a strength. Operating cash flow has slipped into negative territory, indicating that the business is currently consuming cash rather than generating it. Free cash flow is also slightly negative, although capital spending appears modest, which fits an asset-light, service-driven model. This suggests that working capital needs and ongoing operating costs are the main drivers of cash use. The key uncertainty is whether the company can convert its growing revenue into consistent, positive cash generation as it scales.

Competitive Edge

Competitive Edge YSX Tech operates in a focused niche at the intersection of insurance and technology in China, with a strong emphasis on value-added services around auto insurance. Its main advantages appear to be deep relationships with large insurers and brokerages, a broad network of service providers, and a high level of customization and integration with client systems. This makes it more of a strategic partner than a simple vendor, which can raise switching costs for customers. However, the company is still relatively small, operates in a highly regulated and competitive market, and likely depends on a limited number of large clients, which adds concentration and regulatory risk to its otherwise promising position.

Innovation and R&D

Innovation and R&D Innovation at YSX Tech is less about a single standout product and more about how it stitches together technology, data, and services into tailored solutions for insurers. The firm invests in in-house software and IT capabilities to build customized platforms and applications, and it uses this to integrate value-added services into insurers’ workflows. On top of that, the move toward tokenizing real-world assets and exploring Web3 infrastructure shows a willingness to push into new fintech territory. These initiatives could open new revenue streams over time, but they are early-stage and carry significant execution and regulatory uncertainty.

Summary

YSX Tech is an early-stage, fast-growing insurtech-style company with roots in the Chinese insurance ecosystem and a newly listed status in the U.S. The business model is asset-light and service-heavy, with clear traction in revenues but only very modest and inconsistent profitability so far. The balance sheet is gradually strengthening, but cash flow remains negative, which means the company is still in a funding and scaling phase rather than a mature, self-financing stage. Its main strengths lie in deep client relationships, integrated offerings, and a willingness to innovate, including in digital assets. Key risks revolve around its small size, thin margins, reliance on a complex regulatory environment and VIE structure in China, and the unproven nature of its newer fintech ventures.