Caravelle International Group (HTCO) Income Statement
HTCO FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsHTCO revenue and net income
Where HTCO's revenue goes
FY2025Each bar shows an amount and its share of revenue. HTCO kept −10.0% of revenue as net income.
HTCO profit margins
HTCO growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +98.2% | +5.0% | +22.3% | — |
| Gross profit | −16.9% | −36.9% | — | — |
| Operating income | −963.9% | — | — | — |
| 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.
HTCO quarterly EPS vs estimates
Caravelle International beat the analyst EPS estimate in 1 of the last 2 quarters.
HTCO income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $214.4M | $108.2M | $95.3M | $185.3M | $122.0M | $78.4M |
| Cost of revenue | $207.7M | $100.1M | $107.1M | $158.5M | $109.0M | $82.3M |
| Gross profit | $6.7M | $8.1M | −$11.9M | $26.8M | $13.0M | −$3.9M |
| Sales, general & admin | $26.7M | $5.8M | $3.7M | $3.3M | $2.5M | $1.8M |
| Total operating expenses | $26.6M | $5.8M | $3.7M | $3.3M | $2.5M | $1.8M |
| Operating income | −$19.9M | $2.3M | −$15.6M | $23.6M | $10.5M | −$5.7M |
| Interest income | $60,833 | $3,444 | $7,738 | $18 | $5 | $7,607 |
| Interest expense | $45,935 | $90,203 | $112,022 | $101,877 | $122,392 | $60,256 |
| Income before taxes | −$20.1M | −$21.2M | −$15.8M | $23.6M | $10.3M | −$5.8M |
| Income taxes | $9,106 | $4,139 | $2,542 | $11,243 | $2,113 | $2,357 |
| Net income | −$21.5M | −$23.6M | −$9.3M | $12.2M | $5.3M | −$3.2M |
| EBITDA | −$20.0M | −$21.0M | −$15.6M | $23.8M | $10.4M | −$5.7M |
| EPS (diluted) | −$12.85 | −$9.99 | −$0.18 | −$0.07 | −$0.73 | — |
| Gross margin | 3.1% | 7.5% | −12.5% | 14.5% | 10.6% | −5.0% |
| Operating margin | −9.3% | 2.1% | −16.4% | 12.7% | 8.6% | −7.3% |
| Net margin | −10.0% | −21.8% | −9.8% | 6.6% | 4.4% | −4.0% |
| Apr '26 | Oct '25 | Apr '25 | Oct '24 | Apr '24 | Oct '22 | Jul '22 | Apr '22 | Jan '22 | Oct '21 | Jul '21 | Apr '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.5M | $115.0M | $99.4M | $73.3M | $34.9M | $185.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $133.7M | $112.2M | $95.5M | $67.7M | $32.5M | $158.5M | — | — | — | — | — | — |
| Gross profit | $3.8M | $2.8M | $3.9M | $5.6M | $2.4M | $26.8M | — | — | — | — | — | — |
| Sales, general & admin | $2.6M | — | — | — | — | $2.9M | — | — | — | — | — | — |
| Total operating expenses | $6.0M | $10.3M | $16.3M | $3.5M | $2.2M | $2.9M | $185,160 | $387,252 | $193,626 | $36,095 | $36,095 | $3,410 |
| Operating income | −$2.3M | −$7.5M | −$12.4M | $2.2M | $143,648 | $24.0M | −$185,160 | −$387,252 | −$193,626 | −$36,095 | −$36,095 | −$3,410 |
| Interest expense | $360,728 | $15,720 | $30,214 | $40,726 | $49,477 | $101,877 | — | — | — | — | — | — |
| Income before taxes | −$3.5M | −$7.7M | −$12.4M | −$21.0M | −$239,869 | $24.0M | $40,132 | −$376,208 | −$188,104 | −$36,009 | −$36,009 | −$3,410 |
| Income taxes | — | $7,826 | $1,280 | — | $4,139 | $11,243 | $52,612 | — | — | — | — | — |
| Net income | −$4.6M | −$8.2M | −$13.3M | −$22.8M | −$771,665 | $12.6M | −$12,480 | −$376,208 | −$188,104 | −$36,009 | −$36,009 | −$3,410 |
| EBITDA | −$1.3M | −$7.6M | −$12.3M | −$20.9M | −$136,308 | $24.1M | $40,132 | −$334,168 | −$188,105 | −$36,009 | −$36,009 | $36,675 |
| EPS (diluted) | — | −$1.36 | — | — | — | $0.00 | −$0.02 | −$0.03 | −$0.02 | −$0.61 | −$0.12 | — |
| Gross margin | 2.7% | 2.4% | 3.9% | 7.7% | 6.8% | 14.5% | — | — | — | — | — | — |
| Operating margin | −1.6% | −6.5% | −12.5% | 2.9% | 0.4% | 12.9% | — | — | — | — | — | — |
| Net margin | −3.3% | −7.1% | −13.4% | −31.1% | −2.2% | 6.8% | — | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HTCO's financial statements (latest annual report filed October 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HTCO financial results
In fiscal year 2025 (ended October 31, 2025), Caravelle International reported revenue of $214.4 million, up 98.2% from the year before. It had a net loss of $21.5 million, a net profit margin of −10.0%. Diluted earnings per share came to −$12.85. Over five years revenue grew at an average rate of 22.3% a year.
See the HTCO stock overview for the latest quote and news, or the HTCO chart for price history and technical indicators.
HTCO income statement FAQ
What is Caravelle International's annual revenue?
Caravelle International reported total revenue of $214.4 million for fiscal year 2025, which ended on October 31, 2025. That was up 98.2% from $108.2 million the previous year.
Is Caravelle International profitable?
No. Caravelle International reported a net loss of $21.5 million in fiscal 2025, a net profit margin of −10.0%; its operating margin was −9.3%.
What is Caravelle International's gross margin?
Caravelle International's gross margin was 3.1% in fiscal 2025: for every $100 of revenue, Caravelle International kept $3 after the direct cost of its products and services.
How fast is Caravelle International growing?
Revenue grew 22.3% a year on average over the last five fiscal years, from $78.4 million to $214.4 million.
What are Caravelle International's earnings per share?
Caravelle International earned $-12.85 per diluted share in fiscal 2025, compared with $-9.99 a year earlier.
When does Caravelle International's fiscal year end?
Caravelle International's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on October 31, 2025.