Fang Holdings Ltd (SFUNY) Income Statement
SFUNY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSFUNY revenue and net income
Where SFUNY's revenue goes
2025Each bar shows an amount and its share of revenue. SFUNY kept −93.7% of revenue as net income.
SFUNY profit margins
SFUNY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −38.6% | −27.5% | −32.6% | −28.5% |
| Gross profit | −81.0% | −51.1% | −47.6% | −31.0% |
| Operating income | — | — | −7.4% | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SFUNY quarterly EPS vs estimates
Fang beat the analyst EPS estimate in 3 of the last 6 quarters.
SFUNY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.7M | $50.0M | $50.0M | $80.5M | $158.3M | $220.4M | $219.7M | $240.0M | $395.3M | $916.4M |
| Cost of revenue | $22.7M | $7.9M | $7.9M | $12.3M | $17.8M | $17.4M | $28.3M | $46.4M | $163.6M | $687.2M |
| Gross profit | $8.0M | $42.1M | $42.1M | $68.2M | $140.5M | $203.0M | $193.2M | $244.4M | $269.7M | $229.2M |
| Research & development | — | — | — | — | — | — | — | — | $39.0M | $45.8M |
| Sales, general & admin | — | $101.6M | $71.2M | $108.3M | $99.9M | $178.0M | $101.1M | $188.3M | $129.7M | $151.3M |
| Total operating expenses | −$7.3M | $248.0M | $104.6M | $118.9M | $151.4M | $180.5M | $168.2M | $203.1M | $229.8M | $374.2M |
| Operating income | $15.3M | −$205.9M | −$54.6M | −$38.5M | −$10.8M | $22.5M | $24.9M | $9.8M | $19.1M | −$151.4M |
| Interest income | — | $4.2M | $6.0M | $6.9M | $11.9M | $12.5M | $9.0M | $10.3M | — | — |
| Interest expense | $9.7M | $8.1M | $8.1M | $10.8M | $16.7M | $21.3M | $25.4M | $21.2M | $16.2M | $20.8M |
| Income before taxes | −$43.5M | −$207.1M | −$207.1M | −$39.8M | $3.9M | −$5.7M | −$33.0M | −$160.4M | $19.4M | −$144.7M |
| Income taxes | −$14.7M | −$27.4M | — | — | $23.5M | $3.0M | −$9.5M | −$19.0M | $18.4M | $25.0M |
| Net income | −$28.8M | −$179.7M | −$179.7M | −$75.6M | −$19.6M | −$8.8M | −$10.2M | −$114.9M | $21.7M | −$169.6M |
| EBITDA | −$16.9M | −$175.2M | −$175.2M | −$3.6M | $44.6M | $41.7M | $17.7M | −$112.5M | $63.5M | −$98.9M |
| EPS (diluted) | — | — | — | — | — | −$9.72 | −$11.42 | $7.00 | $1.50 | −$18.50 |
| Gross margin | 26.0% | 84.2% | 84.2% | 84.8% | 88.8% | 92.1% | 88.0% | 101.8% | 68.2% | 25.0% |
| Operating margin | 49.9% | −411.7% | −109.1% | −47.8% | −6.8% | 10.2% | 11.3% | 4.1% | 4.8% | −16.5% |
| Net margin | −93.7% | −359.3% | −359.3% | −93.9% | −12.4% | −4.0% | −4.7% | −47.9% | 5.5% | −18.5% |
| Dec '20 | Sep '20 | Jun '20 | Mar '20 | Dec '19 | Sep '19 | Jun '19 | Mar '19 | Dec '18 | Sep '18 | Jun '18 | Mar '18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.8M | $56.7M | $66.8M | $38.3M | $49.3M | $67.5M | $67.6M | $51.9M | $82.2M | $83.6M | $63.3M | $112.2M |
| Cost of revenue | $3.3M | $5.1M | $3.6M | $5.4M | $4.1M | $5.7M | $8.3M | $11.5M | $12.4M | $17.8M | $8.4M | $29.7M |
| Gross profit | $53.0M | $51.6M | $63.2M | $32.9M | $45.2M | $61.9M | $59.3M | $26.6M | $69.7M | $65.8M | $54.9M | $82.5M |
| Sales, general & admin | $42.2M | $20.0M | $56.2M | $18.6M | $42.1M | $21.7M | $15.7M | $38.7M | $57.7M | $50.9M | $65.1M | $24.3M |
| Total operating expenses | $47.0M | $33.8M | $56.4M | $30.2M | $66.0M | $35.1M | $29.8M | $42.2M | $57.2M | $50.9M | $64.5M | $50.9M |
| Operating income | $5.9M | $17.7M | $6.4M | $2.7M | −$21.0M | $26.7M | $29.0M | −$2.0M | $11.9M | $10.1M | −$9.6M | $36.0M |
| Interest expense | $6.1M | $5.5M | $3.8M | $8.5M | $9.0M | $5.2M | $5.7M | $6.0M | $4.3M | $5.7M | $4.8M | $3.4M |
| Income before taxes | −$4.3M | $30.2M | $4.8M | −$41.6M | −$29.6M | $615,000 | −$22.6M | $26.0M | −$20.7M | −$2.3M | −$64.9M | $28.2M |
| Income taxes | −$4.2M | $19.2M | −$16.7M | −$2.5M | −$3.4M | −$117,000 | −$20.6M | $12.6M | $27.5M | −$5.4M | −$38.3M | $13.1M |
| Net income | −$75,000 | $10.9M | $21.5M | −$39.1M | −$26.2M | $732,000 | $5.1M | $13.4M | −$48.2M | $10.2M | −$26.6M | $15.2M |
| EBITDA | $12.2M | $39.0M | $11.2M | −$28.8M | −$16.5M | $5.8M | −$15.7M | $22.2M | $13.0M | $17.1M | −$52.8M | $37.0M |
| EPS (diluted) | — | — | — | — | — | $0.10 | $0.50 | $1.50 | −$1.00 | $1.50 | $6.50 | — |
| Gross margin | 87.2% | 91.1% | 94.6% | 85.9% | 91.7% | 91.6% | 87.8% | 51.2% | 84.9% | 78.7% | 86.8% | 73.5% |
| Operating margin | 9.8% | 31.3% | 9.6% | 7.0% | −42.5% | 39.6% | 43.0% | −3.8% | 14.5% | 12.1% | −15.1% | 32.1% |
| Net margin | −0.1% | 19.3% | 32.1% | −102.1% | −53.2% | 1.1% | 7.6% | 25.8% | −58.6% | 12.2% | −42.0% | 13.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SFUNY's financial statements (latest annual report filed November 21, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SFUNY financial results
In fiscal year 2025 (ended December 31, 2025), Fang reported revenue of $30.7 million, down 38.6% from the year before. It had a net loss of $28.8 million, a net profit margin of −93.7%. Over five years revenue grew at an average rate of −32.6% a year.
See the SFUNY stock overview for the latest quote and news, or the SFUNY chart for price history and technical indicators.
SFUNY income statement FAQ
What is Fang's annual revenue?
Fang reported total revenue of $30.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 38.6% from $50.0 million the previous year.
Is Fang profitable?
No. Fang reported a net loss of $28.8 million in fiscal 2025, a net profit margin of −93.7%; its operating margin was 49.9%.
What is Fang's gross margin?
Fang's gross margin was 26.0% in fiscal 2025: for every $100 of revenue, Fang kept $26 after the direct cost of its products and services.
How fast is Fang growing?
Revenue grew −32.6% a year on average over the last five fiscal years, from $220.4 million to $30.7 million.
When does Fang's fiscal year end?
Fang's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on November 21, 2025.