BYSI BeyondSpring Inc.

Overview and Growth

In fiscal 2025, BeyondSpring Inc. recorded $0.00 of revenue, net loss of $1.01M, and an operating cash outflow of $19.77M. The company employed $25.93M of total assets, the balance-sheet base supporting its current operating and cash-flow results.

Profitability

Operations produced a $8.95M operating loss before non-operating and tax effects. The company ended the period with a net loss of $1.01M, extending the operating result through all remaining items. Negative EBITDA totaled $8.86M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $8.62M, before the effect of income taxes. Income tax expense totaled $90.00K, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 3.9% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $11.12M in fiscal 2024 to $1.01M.

Liquidity and Capital Structure

At period end, the $25.93M asset base was financed through $49.92M of liabilities and -$23.99M of equity. Equity was negative at -$23.99M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $20.88M compared with current liabilities of $13.58M, defining the company’s short-term resource position. The current ratio was 1.54x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $7.79M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 57.4% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled -92.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 192.5%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 30.0%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 24.4% lower than fiscal 2024 assets of $34.31M, measuring the company’s own balance-sheet change. Cash and equivalents were 166.5% higher than fiscal 2024 cash of $2.92M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $19.77M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $50.00K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $19.82M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 76.4% of total assets, placing the cash shortfall against the company’s resource base. Cash absorbed by operations increased from $16.44M in fiscal 2024 to $19.77M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.