Wellchange Holdings Company Limited (WCT) Income Statement
WCT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWCT revenue and net income
Where WCT's revenue goes
2025Each bar shows an amount and its share of revenue. WCT kept −543.2% of revenue as net income.
WCT profit margins
WCT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −41.6% | −6.9% | — | — |
| Gross profit | −64.4% | −24.2% | — | — |
| 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.
WCT quarterly EPS vs estimates
Wellchange beat the analyst EPS estimate in 1 of the last 2 quarters.
WCT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.3M | $2.3M | $2.5M | $1.7M | $671,610 |
| Cost of revenue | $772,976 | $691,984 | $547,630 | $352,962 | $254,319 |
| Gross profit | $575,108 | $1.6M | $1.9M | $1.3M | $417,291 |
| Sales, general & admin | $6.7M | $1.7M | $711,583 | $346,534 | $171,209 |
| Total operating expenses | $6.9M | $2.1M | $758,928 | $379,194 | $191,761 |
| Operating income | −$6.3M | −$456,630 | $1.2M | $938,961 | $225,530 |
| Interest income | $792 | $1,826 | $748 | $346 | $3,848 |
| Interest expense | $12,437 | $17,111 | $17,383 | $14,463 | $12,871 |
| Income before taxes | −$6.4M | −$484,744 | $1.2M | $937,956 | $216,257 |
| Income taxes | $965,881 | −$53,200 | $231,030 | $157,308 | $44,789 |
| Net income | −$7.3M | −$431,544 | $937,609 | $780,648 | $171,468 |
| EBITDA | −$5.7M | −$156,073 | $1.4M | $1.0M | $250,089 |
| EPS (diluted) | −$2.52 | −$1.01 | $11.72 | $9.25 | $2.03 |
| Gross margin | 42.7% | 70.0% | 78.0% | 78.9% | 62.1% |
| Operating margin | −469.1% | −19.8% | 47.5% | 56.2% | 33.6% |
| Net margin | −543.2% | −18.7% | 37.7% | 46.7% | 25.5% |
| Mar '26 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19,298 | $153,678 | $1.2M | $624,069 | $1.1M | $530,540 | $1.3M | $654,542 | $590,456 | $835,558 | $835,558 | $335,805 |
| Cost of revenue | $70,340 | $203,017 | $486,122 | $243,061 | $205,862 | $102,931 | $280,202 | $140,101 | $133,713 | $176,481 | $176,481 | $127,160 |
| Gross profit | −$51,041 | −$49,339 | $762,016 | $381,008 | $855,218 | $427,609 | $1.0M | $514,440 | $456,742 | $659,078 | $659,078 | $208,646 |
| Sales, general & admin | — | — | $1.4M | $633,914 | $300,352 | $150,176 | $385,209 | $68,617 | $170,119 | $173,267 | $173,267 | $85,604 |
| Total operating expenses | $344,410 | $368,730 | $1.8M | $875,371 | $323,122 | $161,561 | $398,668 | $199,334 | $180,131 | $189,597 | $189,597 | $95,880 |
| Operating income | −$395,451 | −$418,074 | −$988,726 | −$494,363 | $532,096 | $266,048 | $630,214 | $315,107 | $276,612 | $469,480 | $469,480 | $112,765 |
| Interest expense | $779 | $816 | $6,102 | — | $8,652 | — | $8,376 | — | $3,960 | $7,232 | $7,232 | $6,436 |
| Income before taxes | −$395,510 | −$419,909 | −$1.0M | −$511,819 | $538,894 | $269,447 | $621,806 | $310,903 | $273,417 | $468,978 | $468,978 | $108,128 |
| Income taxes | $163,218 | −$39,409 | −$141,934 | $70,967 | $88,734 | $44,367 | $148,776 | $74,388 | $41,127 | $78,654 | $78,654 | $22,394 |
| Net income | −$558,728 | −$380,499 | −$881,704 | −$440,852 | $450,160 | $225,080 | $473,030 | $236,515 | $232,290 | $390,324 | $390,324 | $85,734 |
| EBITDA | −$347,680 | −$379,221 | −$806,128 | −$354,203 | $650,055 | $276,167 | $650,406 | $335,858 | $286,686 | $488,804 | $488,804 | $125,044 |
| EPS (diluted) | — | — | −$0.04 | $0.02 | — | — | — | — | — | — | — | — |
| Gross margin | −264.5% | −32.1% | 61.1% | 61.1% | 80.6% | 80.6% | 78.6% | 78.6% | 77.4% | 78.9% | 78.9% | 62.1% |
| Operating margin | −2,049.2% | −272.0% | −79.2% | −79.2% | 50.1% | 50.1% | 48.1% | 48.1% | 46.8% | 56.2% | 56.2% | 33.6% |
| Net margin | −2,895.3% | −247.6% | −70.6% | −70.6% | 42.4% | 42.4% | 36.1% | 36.1% | 39.3% | 46.7% | 46.7% | 25.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WCT's financial statements (latest annual report filed May 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WCT financial results
In fiscal year 2025 (ended December 31, 2025), Wellchange reported revenue of $1.3 million, down 41.6% from the year before. It had a net loss of $7.3 million, a net profit margin of −543.2%. Diluted earnings per share came to −$2.52.
See the WCT stock overview for the latest quote and news, or the WCT chart for price history and technical indicators.
WCT income statement FAQ
What is Wellchange's annual revenue?
Wellchange reported total revenue of $1.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 41.6% from $2.3 million the previous year.
Is Wellchange profitable?
No. Wellchange reported a net loss of $7.3 million in fiscal 2025, a net profit margin of −543.2%; its operating margin was −469.1%.
What is Wellchange's gross margin?
Wellchange's gross margin was 42.7% in fiscal 2025: for every $100 of revenue, Wellchange kept $43 after the direct cost of its products and services.
What are Wellchange's earnings per share?
Wellchange earned $-2.52 per diluted share in fiscal 2025, compared with $-1.01 a year earlier.
When does Wellchange's fiscal year end?
Wellchange's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 14, 2026.