Golden Heaven Group Holdings Ltd. (GDHG) Income Statement
GDHG FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsGDHG revenue and net income
Where GDHG's revenue goes
FY2025Each bar shows an amount and its share of revenue. GDHG kept −56.2% of revenue as net income.
GDHG profit margins
GDHG growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −31.5% | −28.5% | −11.3% | — |
| Gross profit | −23.3% | −36.6% | −15.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GDHG quarterly EPS vs estimates
Golden Heaven beat the analyst EPS estimate in 2 of the last 3 quarters.
GDHG income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $15.3M | $22.3M | $31.8M | $41.8M | $38.5M | $27.8M |
| Cost of revenue | $7.6M | $12.3M | $12.5M | $11.6M | $11.7M | $10.2M |
| Gross profit | $7.7M | $10.0M | $19.3M | $30.2M | $26.8M | $17.6M |
| Sales, general & admin | $14.5M | $10.0M | $8.6M | $9.0M | $8.1M | $6.5M |
| Total operating expenses | $14.5M | $10.0M | $8.6M | $9.0M | $8.1M | $6.5M |
| Operating income | −$6.8M | −$19,245 | $10.7M | $21.2M | $18.7M | $11.1M |
| Interest income | $40,473 | $9,360 | $74,553 | $42,320 | $64,320 | $36,442 |
| Interest expense | $12,437 | $7,427 | $6,008 | $6,162 | $4,583 | $0 |
| Income before taxes | −$6.9M | $322,673 | $10.8M | $20.7M | $18.3M | $11.1M |
| Income taxes | $1.7M | $2.1M | $4.2M | $6.3M | $4.7M | $3.5M |
| Net income | −$8.6M | −$1.8M | $6.5M | $14.3M | $13.6M | $7.6M |
| EBITDA | −$3.7M | $4.0M | $14.2M | $23.9M | $21.6M | $14.2M |
| EPS (diluted) | −$10.83 | — | — | $0.16 | — | — |
| Gross margin | 50.2% | 44.8% | 60.8% | 72.2% | 69.7% | 63.4% |
| Operating margin | −44.5% | −0.1% | 33.7% | 50.7% | 48.6% | 39.9% |
| Net margin | −56.2% | −8.0% | 20.6% | 34.3% | 35.3% | 27.2% |
| Jun '26 | Dec '25 | Mar '25 | Dec '24 | Jun '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Mar '22 | Sep '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2M | $7.1M | $8.2M | $8.5M | $13.8M | $11.7M | $11.7M | $20.1M | $21.0M | $20.8M | $17.8M | $20.7M |
| Cost of revenue | $2.1M | $2.7M | $4.9M | $5.7M | $6.6M | $6.9M | $6.9M | $5.6M | $5.6M | $6.0M | $6.0M | $5.7M |
| Gross profit | $2.1M | $4.5M | $3.2M | $2.8M | $7.2M | $4.9M | $4.9M | $14.5M | $15.4M | $14.8M | $11.8M | $15.0M |
| Total operating expenses | $9.1M | $1.3M | $13.2M | $6.4M | $3.7M | $4.6M | $4.6M | $4.0M | $4.5M | $4.5M | $4.4M | $3.7M |
| Operating income | −$7.0M | $3.2M | −$10.0M | −$3.5M | $3.5M | $293,330 | $293,330 | $10.4M | $10.9M | $10.3M | $7.4M | $11.3M |
| Interest expense | $191 | $4,099 | $8,338 | $3,953 | $3,474 | $2,978 | $2,978 | $3,030 | $3,108 | $3,054 | $3,138 | $1,445 |
| Income before taxes | −$5.9M | $3.1M | −$10.1M | −$3.7M | $4.0M | $405,068 | $405,068 | $10.4M | $10.8M | $9.9M | $7.5M | $10.8M |
| Income taxes | $672,039 | $1.1M | $568,688 | $670,745 | $1.4M | $1.3M | $1.3M | $3.0M | $3.7M | $2.6M | $2.0M | $2.7M |
| Net income | −$6.6M | $2.0M | −$10.6M | −$4.3M | $2.5M | −$865,634 | −$865,634 | $7.4M | $7.1M | $7.3M | $5.5M | $8.1M |
| EBITDA | −$5.4M | $4.1M | −$7.7M | −$1.9M | $5.9M | $2.3M | $2.3M | $11.9M | $12.3M | $11.6M | $9.2M | $12.4M |
| EPS (diluted) | — | $1.30 | — | −$26.50 | — | — | — | — | $0.16 | — | — | — |
| Gross margin | 50.8% | 62.5% | 39.4% | 33.2% | 52.0% | 41.4% | 41.4% | 72.1% | 73.2% | 71.1% | 66.4% | 72.4% |
| Operating margin | −165.3% | 44.7% | −122.4% | −41.6% | 25.5% | 2.5% | 2.5% | 52.0% | 51.8% | 49.6% | 41.5% | 54.7% |
| Net margin | −155.3% | 28.6% | −130.4% | −51.0% | 18.4% | −7.4% | −7.4% | 37.0% | 33.6% | 35.0% | 30.8% | 39.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GDHG's financial statements (latest annual report filed January 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GDHG financial results
In fiscal year 2025 (ended September 30, 2025), Golden Heaven reported revenue of $15.3 million, down 31.5% from the year before. It had a net loss of $8.6 million, a net profit margin of −56.2%. Diluted earnings per share came to −$10.83. Over five years revenue grew at an average rate of −11.3% a year.
See the GDHG stock overview for the latest quote and news, or the GDHG chart for price history and technical indicators.
GDHG income statement FAQ
What is Golden Heaven's annual revenue?
Golden Heaven reported total revenue of $15.3 million for fiscal year 2025, which ended on September 30, 2025. That was down 31.5% from $22.3 million the previous year.
Is Golden Heaven profitable?
No. Golden Heaven reported a net loss of $8.6 million in fiscal 2025, a net profit margin of −56.2%; its operating margin was −44.5%.
What is Golden Heaven's gross margin?
Golden Heaven's gross margin was 50.2% in fiscal 2025: for every $100 of revenue, Golden Heaven kept $50 after the direct cost of its products and services.
How fast is Golden Heaven growing?
Revenue grew −11.3% a year on average over the last five fiscal years, from $27.8 million to $15.3 million.
What are Golden Heaven's earnings per share?
Golden Heaven earned $-10.83 per diluted share in fiscal 2025.
When does Golden Heaven's fiscal year end?
Golden Heaven's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on January 21, 2026.