J and Friends Holdings Limited (JF) Income Statement
JF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsJF revenue and net income
Where JF's revenue goes
2025Each bar shows an amount and its share of revenue. JF kept −82.9% of revenue as net income.
JF profit margins
JF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −97.0% | −73.0% | — | — |
| Gross profit | −91.4% | −65.6% | — | — |
| 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.
JF income statement
| 2025 | 2020 | 2019 | 2017 | 2016 | |
|---|---|---|---|---|---|
| Revenue | $11.2M | $378.3M | $1.29B | $568.7M | $54.9M |
| Cost of revenue | $3.2M | $285.8M | $769.7M | $372.4M | $59.9M |
| Gross profit | $8.0M | $92.5M | $515.5M | $196.3M | −$5.0M |
| Research & development | $3.5M | $37.5M | $79.1M | $71.5M | $51.2M |
| Sales, general & admin | $13.9M | $192.4M | $1.16B | $178.4M | $144.9M |
| Total operating expenses | $17.4M | $299.3M | $1.24B | $249.9M | $196.0M |
| Operating income | −$9.4M | −$206.8M | −$728.4M | −$53.6M | −$201.0M |
| Interest expense | $363,615 | $34.3M | $19.0M | — | — |
| Income before taxes | −$5.6M | −$246.9M | −$904.5M | −$66.3M | −$200.3M |
| Income taxes | −$454,519 | $49.2M | $2.0M | $18.5M | $167,000 |
| Net income | −$9.3M | −$293.9M | −$906.5M | −$130.4M | −$200.5M |
| EBITDA | −$3.8M | −$197.4M | −$873.2M | −$49.5M | −$198.1M |
| EPS (diluted) | −$0.01 | −$1207.13 | −$17.40 | −$2387.42 | — |
| Gross margin | 71.5% | 24.5% | 40.1% | 34.5% | −9.1% |
| Operating margin | −83.9% | −54.7% | −56.7% | −9.4% | −366.3% |
| Net margin | −82.9% | −77.7% | −70.5% | −22.9% | −365.4% |
| Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Jun '22 | Mar '22 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7M | $7.7M | $10.1M | $7.5M | $7.5M | $8.8M | $36.7M | $17.5M | $17.4M | $133.4M | $19.9M | $40.8M |
| Cost of revenue | $3.0M | $3.0M | $3.4M | $3.0M | $3.0M | $3.7M | $31.9M | $15.4M | $21.7M | $64.7M | $9.7M | $20.0M |
| Gross profit | $4.7M | $4.7M | $6.7M | $4.5M | $4.5M | $5.2M | $4.8M | $2.1M | −$4.3M | $68.7M | $10.3M | $20.8M |
| Research & development | $1.2M | $1.2M | $2,500 | $1.1M | $1.1M | $1.3M | $9.9M | $1.4M | $2.7M | $35.3M | $5.3M | $3.3M |
| Sales, general & admin | $7.1M | $7.1M | $9.2M | $7.1M | $7.1M | $14.4M | $18.3M | $2.5M | $22.0M | $112.1M | $16.7M | $25.1M |
| Total operating expenses | $8.3M | $8.3M | $9.9M | $8.3M | $8.3M | $46.6M | $43.5M | $6.0M | $25.2M | $478.1M | $71.3M | $34.2M |
| Operating income | −$3.6M | −$3.6M | −$3.2M | −$3.8M | −$3.8M | −$7.9M | −$46.9M | −$6.0M | −$29.0M | −$78.7M | −$11.7M | −$18.1M |
| Interest expense | — | $10,000 | $10,000 | — | $192,814 | — | $2.1M | $6.4M | — | — | $16.2M | — |
| Income before taxes | −$3.3M | −$3.3M | −$3.1M | −$3.9M | −$3.9M | −$41.5M | −$28.8M | −$6.0M | −$35.9M | −$409.4M | −$61.1M | −$29.7M |
| Income taxes | $907,500 | $907,500 | $113,000 | $229,500 | $229,500 | $1.3M | $5.7M | $5.7M | $555,000 | $4.7M | $706,000 | $4.3M |
| Net income | −$2.4M | −$2.4M | −$3.5M | −$4.2M | −$4.2M | −$39.8M | $89.8M | $369,500 | −$34.1M | −$408.8M | −$61.0M | −$31.5M |
| EBITDA | — | −$2.1M | −$2.1M | −$3.3M | −$3.3M | −$6.5M | −$6.0M | −$4.7M | −$25.9M | −$58.0M | −$8.7M | −$14.3M |
| Gross margin | 60.9% | 60.9% | 66.3% | 59.7% | 59.7% | 58.5% | 13.1% | 12.0% | −24.8% | 51.5% | 51.5% | 50.9% |
| Operating margin | −47.1% | −47.1% | −32.1% | −51.0% | −51.0% | −89.7% | −127.8% | −34.5% | −167.0% | −59.0% | −59.0% | −44.4% |
| Net margin | −31.8% | −31.8% | −34.7% | −56.5% | −56.5% | −451.0% | 244.8% | 2.1% | −196.1% | −306.5% | −306.5% | −77.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in JF's financial statements (latest annual report filed April 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
JF financial results
In fiscal year 2025 (ended December 31, 2025), J and Friends reported revenue of $11.2 million, down 97.0% from the year before. It had a net loss of $9.3 million, a net profit margin of −82.9%. Diluted earnings per share came to −$0.01.
See the JF stock overview for the latest quote and news, or the JF chart for price history and technical indicators.
JF income statement FAQ
What is J and Friends's annual revenue?
J and Friends reported total revenue of $11.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 97.0% from $378.3 million the previous year.
Is J and Friends profitable?
No. J and Friends reported a net loss of $9.3 million in fiscal 2025, a net profit margin of −82.9%; its operating margin was −83.9%.
What is J and Friends's gross margin?
J and Friends's gross margin was 71.5% in fiscal 2025: for every $100 of revenue, J and Friends kept $72 after the direct cost of its products and services.
How much does J and Friends spend on research and development?
J and Friends spent $3.5 million on research and development in fiscal 2025, 31.2% of revenue.
What are J and Friends's earnings per share?
J and Friends earned $-0.01 per diluted share in fiscal 2025, compared with $-1207.13 a year earlier.
When does J and Friends's fiscal year end?
J and Friends's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 24, 2026.