J-Star Holding Co., Ltd. (YMAT) Income Statement
YMAT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsYMAT revenue and net income
Where YMAT's revenue goes
2025Each bar shows an amount and its share of revenue. YMAT kept −203.2% of revenue as net income.
YMAT profit margins
YMAT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −43.5% | −36.8% | −14.9% | — |
| Gross profit | −4.7% | −16.1% | −6.1% | — |
| Operating income | −1,953.8% | — | — | — |
| Net income | −1,927.0% | — | — | — |
| EPS (diluted) | −465.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
YMAT quarterly EPS vs estimates
J-Star beat the analyst EPS estimate in 1 of the last 1 quarters.
YMAT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $9.9M | $17.6M | $23.8M | $39.4M | $31.3M | $22.2M |
| Cost of revenue | $4.6M | $11.9M | $20.9M | $30.3M | $22.3M | $14.8M |
| Gross profit | $5.4M | $5.6M | $2.9M | $9.1M | $9.0M | $7.4M |
| Research & development | $879,393 | $677,390 | $737,363 | $1.4M | $1.7M | $1.7M |
| Sales, general & admin | $5.9M | $3.8M | $3.0M | $7.7M | $7.1M | — |
| Total operating expenses | $26.0M | $4.5M | $3.8M | $9.0M | $9.1M | $5.7M |
| Operating income | −$20.6M | $1.1M | −$887,660 | $88,596 | −$119,796 | $1.7M |
| Interest income | $145,953 | $264,610 | $336,375 | $12,249 | $2,156 | — |
| Interest expense | $373,489 | $402,931 | $808,681 | $322,759 | $225,260 | $417,923 |
| Income before taxes | −$20.2M | $1.1M | $1.0M | $257,687 | $27,280 | $1.5M |
| Income taxes | $5,466 | $5,512 | −$383,048 | $133,382 | $160,182 | $355,273 |
| Net income | −$20.2M | $1.1M | $1.4M | $124,305 | −$132,902 | $1.1M |
| EBITDA | −$19.4M | $1.9M | $2.4M | $3.5M | $1.6M | $2.8M |
| EPS (diluted) | −$1.17 | $0.32 | $0.40 | — | — | — |
| Gross margin | 54.1% | 32.1% | 12.3% | 23.1% | 28.7% | 33.2% |
| Operating margin | −207.7% | 6.3% | −3.7% | 0.2% | −0.4% | 7.6% |
| Net margin | −203.2% | 6.3% | 6.0% | 0.3% | −0.4% | 5.0% |
| Sep '25 | Dec '24 | Jun '24 | Dec '23 | |
|---|---|---|---|---|
| Revenue | $10.6M | $9.5M | $8.1M | $9.8M |
| Cost of revenue | $7.7M | $6.3M | $5.7M | $8.4M |
| Gross profit | $2.8M | $3.2M | $2.4M | $1.5M |
| Research & development | $466,351 | $379,431 | $297,959 | $336,680 |
| Total operating expenses | $2.7M | $2.7M | $1.8M | $1.1M |
| Operating income | $153,579 | $489,121 | $623,317 | $356,510 |
| Interest expense | $210,043 | $195,905 | $207,026 | $431,292 |
| Income before taxes | $14,657 | $716,799 | $392,926 | $1.0M |
| Income taxes | $9,420 | $91,855 | −$86,343 | −$402,636 |
| Net income | $5,237 | $624,944 | $479,269 | $1.4M |
| EBITDA | $153,579 | $1.1M | $775,098 | $1.6M |
| EPS (diluted) | $0.00 | — | — | — |
| Gross margin | 26.9% | 33.6% | 30.2% | 15.1% |
| Operating margin | 1.5% | 5.2% | 7.7% | 3.6% |
| Net margin | 0.0% | 6.6% | 5.9% | 14.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in YMAT's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
YMAT financial results
In fiscal year 2025 (ended December 31, 2025), J-Star reported revenue of $9.9 million, down 43.5% from the year before. It had a net loss of $20.2 million, a net profit margin of −203.2%. Diluted earnings per share came to −$1.17. Over five years revenue grew at an average rate of −14.9% a year.
See the YMAT stock overview for the latest quote and news, or the YMAT chart for price history and technical indicators.
YMAT income statement FAQ
What is J-Star's annual revenue?
J-Star reported total revenue of $9.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 43.5% from $17.6 million the previous year.
Is J-Star profitable?
No. J-Star reported a net loss of $20.2 million in fiscal 2025, a net profit margin of −203.2%; its operating margin was −207.7%.
What is J-Star's gross margin?
J-Star's gross margin was 54.1% in fiscal 2025: for every $100 of revenue, J-Star kept $54 after the direct cost of its products and services.
How much does J-Star spend on research and development?
J-Star spent $0.9 million on research and development in fiscal 2025, 8.9% of revenue.
How fast is J-Star growing?
Revenue grew −14.9% a year on average over the last five fiscal years, from $22.2 million to $9.9 million.
What are J-Star's earnings per share?
J-Star earned $-1.17 per diluted share in fiscal 2025, compared with $0.32 a year earlier.
When does J-Star's fiscal year end?
J-Star's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.