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VSA: financial statements from SEC — TradeAlmanac

VSA

VisionSys AI Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	1M	160M	1.38B	1.40B
Cost of revenue	810,000	102M	751M	728M
Gross profit	229,000	58M	624M	671M
Research and development	—	19M	12M	20M
Selling, general and administrative	40M	689M	331M	397M
Operating income	−40M	−506M	13M	−26M
Pre-tax income	−40M	−69M	14M	−17M
Income tax	—	31M	−8M	−15M
Net income	1.72B	−80M	9M	84M
Earnings per share	−51.63	−53.46	1.94	−0.35
Earnings per share, diluted	−51.63	−7.32	1.89	−0.35
Weighted average shares	194M	50M	54M	55M
Weighted average shares, diluted	194M	50M	55M	58M

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	55M	7M	280M	356M	—
Current assets	—	—	55M

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−188M	−17M	−119M	−28M
Depreciation and amortisation	4M	41M	47M	68M
Share-based compensation	—	183,000	3M	11M

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator