Wah Fu Education Group Limited (WAFU) Income Statement
WAFU FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsWAFU revenue and net income
Where WAFU's revenue goes
FY2026Each bar shows an amount and its share of revenue. WAFU kept −17.4% of revenue as net income.
WAFU profit margins
WAFU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.7% | −15.9% | −5.7% | −1.0% |
| Gross profit | −28.3% | −31.2% | −16.4% | −8.5% |
| 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.
WAFU quarterly EPS vs estimates
Wah Fu Education beat the analyst EPS estimate in 4 of the last 4 quarters. Next report: October 29, 2026.
WAFU income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M | $6.2M | $7.2M | $10.7M | $11.5M | $8.5M | $5.6M | $5.4M | $6.0M | $5.2M |
| Cost of revenue | $4.5M | $3.6M | $4.2M | $5.0M | $6.0M | $4.0M | $3.4M | $2.9M | $2.2M | $2.2M |
| Gross profit | $1.8M | $2.6M | $3.0M | $5.7M | $5.5M | $4.5M | $2.3M | $2.5M | $3.7M | $3.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.7M | $3.0M | $3.2M | $3.7M | $4.4M | $3.4M | $3.8M | $3.7M | $2.7M | $2.4M |
| Total operating expenses | $2.7M | $3.0M | $3.2M | $3.7M | $4.4M | $3.4M | $3.8M | $3.7M | $2.7M | $2.4M |
| Operating income | −$855,794 | −$392,462 | −$240,522 | $2.0M | $1.0M | $1.1M | −$1.6M | −$1.2M | $1.1M | $658,812 |
| Interest income | $78,327 | $169,636 | $155,360 | $139,345 | $122,182 | $127,136 | $135,359 | $126,663 | $177,723 | $107,777 |
| Interest expense | — | — | — | — | $122,182 | $230,993 | $94,981 | $126,660 | $234,140 | $0 |
| Income before taxes | −$808,892 | −$272,744 | −$245,970 | $2.1M | $1.1M | $1.2M | −$1.4M | −$1.1M | $1.3M | $723,183 |
| Income taxes | $121,025 | $100,104 | $130,890 | $430,529 | $238,885 | $180,334 | $212,498 | −$96,804 | $92,023 | $105,952 |
| Net income | −$1.1M | −$465,299 | −$55,288 | $905,892 | $743,135 | $1.0M | −$1.6M | −$946,183 | $1.1M | $572,701 |
| EBITDA | −$712,351 | −$67,860 | $106,267 | $2.4M | $1.2M | $1.3M | −$1.4M | −$1.1M | $1.2M | $777,669 |
| EPS (diluted) | −$0.25 | −$0.11 | −$0.01 | $0.20 | $0.17 | $0.23 | −$0.61 | −$0.22 | $0.32 | $0.19 |
| Gross margin | 29.1% | 41.7% | 41.4% | 53.2% | 47.6% | 53.1% | 39.9% | 46.7% | 62.6% | 58.4% |
| Operating margin | −13.5% | −6.3% | −3.3% | 18.8% | 9.1% | 12.8% | −27.9% | −23.1% | 18.0% | 12.7% |
| Net margin | −17.4% | −7.5% | −0.8% | 8.5% | 6.5% | 12.0% | −29.1% | −17.7% | 19.2% | 11.1% |
| Jun '26 | Sep '25 | Jun '25 | Sep '24 | Jun '24 | Sep '23 | Jun '23 | Dec '22 | Sep '22 | Jun '22 | Dec '21 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M | $3.1M | $3.4M | $2.8M | $3.6M | $3.6M | $5.2M | $2.6M | $5.5M | $5.7M | $2.8M | $5.8M |
| Cost of revenue | $3.3M | $1.2M | $2.4M | $1.2M | $2.6M | $1.6M | $2.3M | $1.2M | $2.7M | $3.6M | $1.8M | $2.4M |
| Gross profit | $21,565 | $1.8M | $995,039 | $1.6M | $928,096 | $2.1M | $2.9M | $1.5M | $2.8M | $2.1M | $1.0M | $3.4M |
| Sales, general & admin | — | — | $826,232 | $2.1M | $1.4M | $1.8M | $2.0M | $1.0M | $1.7M | $1.7M | $850,745 | $2.7M |
| Total operating expenses | $863,448 | $1.8M | $816,149 | $2.2M | $1.5M | $1.8M | $2.0M | $1.0M | $1.7M | $1.7M | $867,669 | $2.7M |
| Operating income | −$841,882 | −$13,912 | $178,890 | −$571,352 | −$513,258 | $272,730 | $894,850 | $447,425 | $1.1M | $352,940 | $176,468 | $687,810 |
| Interest expense | — | — | — | — | — | — | — | — | — | $187,480 | — | — |
| Income before taxes | −$810,617 | $1,725 | $218,053 | −$490,797 | −$426,016 | $180,046 | $879,412 | $439,706 | $1.2M | $437,461 | $218,730 | $703,955 |
| Income taxes | $63,318 | $57,707 | $10,151 | $89,953 | $75,398 | $55,492 | $263,458 | $131,729 | $167,071 | $129,056 | $64,528 | $109,829 |
| Net income | −$935,978 | −$169,558 | $83,696 | −$548,995 | −$564,834 | $227,129 | $43,025 | $21,512 | $862,867 | $272,217 | $136,109 | $470,918 |
| EBITDA | −$729,921 | $17,570 | $458,148 | −$526,008 | −$426,385 | $217,203 | $974,165 | $494,801 | $1.3M | $211,060 | $231,977 | $1.0M |
| EPS (diluted) | — | — | $0.02 | — | — | — | — | $0.19 | — | $0.06 | $0.11 | — |
| Gross margin | 0.7% | 59.7% | 29.4% | 56.5% | 26.0% | 56.5% | 55.3% | 55.7% | 51.1% | 36.2% | 36.7% | 58.7% |
| Operating margin | −25.5% | −0.5% | 5.3% | −20.4% | −14.4% | 7.5% | 17.1% | 17.1% | 20.5% | 6.2% | 6.2% | 11.8% |
| Net margin | −28.4% | −5.5% | 2.5% | −19.6% | −15.8% | 6.2% | 0.8% | 0.8% | 15.8% | 4.8% | 4.8% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WAFU's financial statements (latest annual report filed July 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WAFU financial results
In fiscal year 2026 (ended March 31, 2026), Wah Fu Education reported revenue of $6.4 million, up 2.7% from the year before. It had a net loss of $1.1 million, a net profit margin of −17.4%. Diluted earnings per share came to −$0.25. Over five years revenue grew at an average rate of −5.7% a year.
See the WAFU stock overview for the latest quote and news, or the WAFU chart for price history and technical indicators.
WAFU income statement FAQ
What is Wah Fu Education's annual revenue?
Wah Fu Education reported total revenue of $6.4 million for fiscal year 2026, which ended on March 31, 2026. That was up 2.7% from $6.2 million the previous year.
Is Wah Fu Education profitable?
No. Wah Fu Education reported a net loss of $1.1 million in fiscal 2026, a net profit margin of −17.4%; its operating margin was −13.5%.
What is Wah Fu Education's gross margin?
Wah Fu Education's gross margin was 29.1% in fiscal 2026: for every $100 of revenue, Wah Fu Education kept $29 after the direct cost of its products and services.
How fast is Wah Fu Education growing?
Revenue grew −5.7% a year on average over the last five fiscal years, from $8.5 million to $6.4 million.
What are Wah Fu Education's earnings per share?
Wah Fu Education earned $-0.25 per diluted share in fiscal 2026, compared with $-0.11 a year earlier.
When will Wah Fu Education report its next earnings?
Wah Fu Education is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Wah Fu Education's fiscal year end?
Wah Fu Education's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 30, 2026.