GUANGZHOU, China, Jan. 29, 2026 /PRNewswire/ -- Youxin Technology Ltd (Nasdaq: YAAS) (the "Company" or "Youxin Technology"), a software as a service ("SaaS") and platform as a service ("PaaS") provider committed to helping retail enterprises digitally transform their businesses, today announced its financial results for the fiscal year ended September 30, 2025.
Mr. Shaozhang Lin, Chief Executive Officer of Youxin Technology Ltd, commented, "In fiscal year 2025, we successfully completed our initial public offering and a follow-on offering, which substantially improved the Company's liquidity and strengthened financial foundation. A key part of the R&D progress was the successful integration of AI models into our PaaS platform, enabling the generation of complex customized code through natural language and conversational interaction, which significantly enhanced development efficiency and user experience. With AI-enhanced solutions, we have already attracted clients from a broader range of industries, including cosmetics and cruise lines, and have reinforced the scalability of our platform. In parallel, by serving customers across multiple industries, we continued to expand the functionality of our PaaS platform and build multi-industry service capabilities, laying a solid foundation for a potential performance inflection in fiscal year 2026."
Mr. Lin added, "Fiscal year 2025 marked a year of execution and capability building. Total revenues reached $0.54 million, representing a 3% increase from fiscal year 2024, primarily driven by the restart of our customized customer relationship management (CRM) system development services. Our net loss for the year was largely attributable to non-recurring items, including IPO- and follow-on-offering-related professional fees, warrant-related expenses, and investment losses, rather than any deterioration in our core operating performance."
Mr. Lin continued, "The successful acquisition of Celnet Technology Co., Ltd. on October 29, 2025 advanced our internationalization strategy and enhanced our ability to serve multinational and large domestic enterprises through its extensive Salesforce implementation experience, further improving the practicality and enterprise readiness of our PaaS platform. Looking ahead, we plan to fully commercialize our R&D achievements and aim to achieve operating breakeven by fiscal year 2026. We will continue to promote our PaaS and SaaS solutions across various sectors and, together with our partners, pursue opportunities to expand into international markets, positioning the Company to support customers' overseas expansion and sustainable growth in 2026 and beyond."
Fiscal Year 2025 Financial Overview
- Revenue was $0.54 million in fiscal year 2025, an increase of 3% from $0.52 million in fiscal year 2024.
- Gross profit was $0.18 million in fiscal year 2025, compared to $0.34 million in fiscal year 2024.
- Gross margin was 33% in fiscal year 2025, compared to 66% in fiscal year 2024.
- Net loss was $9.65 million in fiscal year 2025, compared to $1.28 million in fiscal year 2024, mainly due to the professional fees incurred during the IPO and the follow-up offering, investment loss, and loss on issuance of warrant liabilities.
- Cash was $9.91 million as of September 30, 2025, compared to $0.02 million as of September 30, 2024, significantly increasing cash reserves and liquidity.
Fiscal Year 2025 Financial Results
Revenues
Total revenues were $0.54 million in fiscal year 2025, an increase of 3% from $0.52 million in fiscal year 2024. The increase was mainly because the Company restarted the customized CRM system development services.
For the years ended September 30,
2025 2024
($) Revenue Cost of Gross Revenue Cost of Gross
Revenue Margin Revenue Margin
Professional services 515,684 356,807 31 % 275,314 158,880 42 %
Payment channel services 21,590 100 % 206,526 100 %
Others 2,200 2,702 (23) % 39,401 20,768 47 %
Total 539,474 359,509 33 % 521,241 179,648 66 %
Revenue from professional services was $0.52 million in fiscal year 2025, an increase of 87% from $0.28 million in fiscal year 2024.
- Revenue from customized CRM system development services was $0.29 million in fiscal year 2025. The Company did not generate revenue from customized CRM system development services in fiscal year 2024. The increase was mainly due to the Company restarting the customized CRM system development service.
- Revenue from the additional function development services was $38,808 in fiscal year 2025, a decrease of 9% from $42,758 in fiscal year 2024. The decrease was mainly due to the less new needs of the function development from the existing clients for fiscal year 2025.
- Revenue from subscription services was $0.19 million in fiscal year 2025, a decrease of 18% from $0.23 million in fiscal year 2024. The decrease was mainly due to the decreasing customized CRM system development services from 2023 to 2024, which led to the Company to provide less subscription service in the following periods.
Cost of Revenues
Cost of revenues was $0.36 million in fiscal year 2025, an increase of 100% from $0.18 million in fiscal year 2024.
Gross Profit
Gross profit was $0.18 million in fiscal year 2025, compared to $0.34 million in fiscal year 2024.
Gross margin was 33% in fiscal year 2025, compared to 66% in fiscal year 2024.
Operating Expenses
Operating expenses were $3.04 million in fiscal year 2025, compared to $1.73 million in fiscal year 2024.
- Selling expenses were $0.13 million in fiscal year 2025, an increase of 38% from $0.09 million in fiscal year 2024. The increase was mainly due to the increase in advertising and promotion expenses. The increase of advertising and promotion expenses by $25,661 or 3,270% was primarily due to an increase in putting effort to the business promotion to expand customer base for fiscal year 2025, compared to fiscal year 2024.
- General and administrative expenses were $2.75 million in fiscal year 2025, an increase of 454% from $0.50 million in fiscal year 2024. The increase for fiscal year 2025 was primarily due to the professional fees incurred during the IPO and the follow-up offering that were not directly attributable of the offerings were expensed as incurred.
- Research and development expenses were $0.16 million in fiscal year 2025, a decrease of 86% from $1.14 million in fiscal year 2024. The decrease was primarily attributed to the decrease in labor related costs including salary and welfare by $0.90 million or 94% for fiscal year 2025 compared to fiscal year 2024.
Other Income (Expense), Net
Total net other expense was $6.79 million in fiscal year 2025, compared to total net other income of $0.11 million in fiscal year 2024, primarily due to loss from investments of $2.74 million, issuance costs allocated to warrant liabilities of $0.88 million, and loss on issuance of warrant liabilities of $5.80 million in fiscal year 2025, partly offset by gains from change in fair value of warrant liabilities of $2.65 million.
Net Loss
Net loss was $9.65 million in fiscal year 2025, compared to $1.28 million in fiscal year 2024.
Basic and Diluted Loss per Share
Basic and diluted loss per share was $1.04 in fiscal year 2025, compared to $0.14 in fiscal year 2024.
Financial Condition
As of September 30, 2025, the Company had cash of $9.91 million, compared to $0.02 million as of September 30, 2024.
Net cash used in operating activities was $3.91 million in fiscal year 2025, compared to $0.73 million in fiscal year 2024.
Net cash used in investing activities was $3.03 million in fiscal year 2025, compared to net cash provided by investing activities of $360 in fiscal year 2024.
Net cash provided by financing activities was $16.79 million in fiscal year 2025, compared to $0.43 million in fiscal year 2024.
About Youxin Technology Ltd
Youxin Technology Ltd is a SaaS and PaaS provider committed to helping retail enterprises digitally transform their businesses using its cloud-based SaaS product and PaaS platform to develop, use and control business applications without the need to purchase complex IT infrastructure. Youxin Technology provides a customized, comprehensive, fast-deployment omnichannel digital solutions that unify all aspects of commerce with store innovations, distributed inventory management, cross-channel data integration, and a rich set of ecommerce capabilities that encompass mobile applications, social media, and web-based applications. The Company's products allow mid-tier brand retailers to use offline direct distribution to connect the management team, distributors, salespersons, stores, and end customers across systems, apps, and devices. This provides retailers with a comprehensive suite of tools to instantly address issues using real-time sales data. For more information, please visit the Company's website: https://ir.youxin.cloud.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue" or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
For more information, please contact:
Youxin Technology Ltd.
Investor Relations Department
Email: ir@youxin.cloud
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
YOUXIN TECHNOLOGY LTD
CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2025 and 2024
(Expressed in U.S. dollars, except for the number of shares)
September 30, September 30,
2025 2024
ASSETS
CURRENT ASSETS
Cash $
9,912,327 $
18,372
Restricted cash 24,298 24,649
Accounts receivable, net 213,772 176,607
Deferred contract costs 13,103
Amount due from a related party 17,486
Prepaid expenses and other current assets 295,559 122,676
Total current assets 10,476,545 342,304
NON-CURRENT ASSETS
Property and equipment, net 2,518 3,948
Deferred offering costs 478,108
Operating lease right-of-use assets 78,862 123,170
Other non-current assets 10,457 10,608
Prepayment for acquisition 210,704
Total non-current assets 302,541 615,834
TOTAL ASSETS $
10,779,086 $
958,138
LIABILITIES
CURRENT LIABILITIES
Short-term bank loan $
318,865 $
323,472
Accounts payable 34,190 31,350
Contract liabilities 30,024 215,768
Amount due to related parties 1,067,119
Operating lease liabilities - current 46,190 42,277
Payroll payable 1,134,532 1,869,436
Warrant liabilities 902,287
Accrued expenses and other current liabilities 87,439 40,299
Total current liabilities 2,553,527 3,589,721
Operating lease liabilities - non-current 35,306 82,674
Total non-current liabilities 35,306 82,674
TOTAL LIABILITIES $
2,588,833 $
3,672,395
COMMITMENTS AND CONTINGENCIES (NOTE 17)
SHAREHOLDERS' EQUITY (DEFICIT)
Class A ordinary shares, ($0.008 par value, 5,000,000 shares authorized, 18,604 2,230
2,325,550 and 278,809 shares issued and outstanding as of September 30,
2025 and 2024, respectively) (1)
Class B ordinary shares, ($0.0001 par value, 100,000,000 shares authorized, 895 895
8,945,307 shares issued and outstanding as of September 30, 2025 and
2024, respectively)
Share subscription receivables (3,125)
Additional paid-in capital 32,614,603 12,154,929
Accumulated deficit (25,065,907) (15,419,765)
Accumulated other comprehensive income 622,058 550,579
Total shareholders' equity (deficit) 8,190,253 (2,714,257)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $
10,779,086 $
958,138
(1) All per share amounts and shares outstanding for all periods have been retroactively
adjusted to reflect the 80-for-1
reverse share split for Class A ordinary share of Youxin Technology Ltd, which was effective
on September 30, 2025.
YOUXIN TECHNOLOGY LTD
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED SEPTEMBER 30, 2025, 2024 and 2023
(Expressed in U.S. dollars, except for the number of shares)
2025 2024 2023
Years Ended September 30,
2025 2024 2023
REVENUES $
539,474 $
521,241 $
895,978
COST OF REVENUES (359,509) (179,648) (352,676)
GROSS PROFIT 179,965 341,593 543,302
OPERATING EXPENSES
Selling expenses (130,792) (94,481) (225,926)
General and administrative expenses (2,746,298) (496,006) (589,372)
Research and development expenses (158,190) (1,139,922) (2,152,602)
Total operating expenses (3,035,280) (1,730,409) (2,967,900)
NET LOSS FROM OPERATIONS (2,855,315) (1,388,816) (2,424,598)
OTHER (EXPENSE) INCOME
Other income 539 134,802 99,053
Other expense (24,271) (21,435) (17,693)
Loss from investments (2,736,514)
Issuance costs allocated to warrant liabilities (876,282)
Loss on issuance of warrant liabilities (5,802,241)
Change in fair value of warrant liabilities 2,647,942
Total other (expense) income, net (6,790,827) 113,367 81,360
NET LOSS BEFORE TAXES (9,646,142) (1,275,449) (2,343,238)
Income tax expense (5,212)
NET LOSS (9,646,142) (1,280,661) (2,343,238)
Accretion to redeemable preferred equity (326,837)
Net loss attributable to ordinary shareholders (9,646,142) (1,280,661) (2,670,075)
NET LOSS (9,646,142) (1,280,661) (2,343,238)
Other comprehensive income (loss)
Foreign currency translation income (loss) 71,479 (72,056) (212,292)
TOTAL COMPREHENSIVE LOSS $
(9,574,663) $
(1,352,717) $
(2,555,530)
Basic and diluted loss per share (1)(2) $
(1.04) $
(0.14) $
(0.29)
Weighted average number of ordinary shares outstanding - basic 9,311,589 9,224,116 9,224,116
and diluted (1) (2)
(1) All per share amounts and shares outstanding for all periods have been retroactively adjusted to
reflect the 80-for-1 reverse
share split for Class A ordinary share of Youxin Technology Ltd, which was effective on September
30, 2025.
(2) Giving retroactive effect to the issuance of ordinary shares effected on April 21, 2023.
YOUXIN TECHNOLOGY LTD
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED SEPTEMBER 30, 2025, 2024 and 2023
(Expressed in U.S. dollars, except for the number of shares)
2025 2024 2023
Years Ended September 30
2025 2024 2023
Cash flows from operating activities
Net loss $
(9,646,142) $
(1,280,661) $
(2,343,238)
Adjustments to reconcile net loss to cash used in operating activities:
Loss (gain) on disposal of property and equipment 572 (357)
Amortization of right-of-use assets 42,002 101,888 204,715
Loss from Investments, net 2,814,514
Change in fair value of warrant liabilities (2,647,942)
Issuance costs allocated to warrants liabilities 876,282
Loss on issuance of warrant liabilities 5,802,241
Depreciation 1,355 6,816 12,293
Credit loss provision 4,664
Loss from termination of right-of-use assets 183 369
Changes in operating assets and liabilities
Accounts receivable (39,166) 52,210 94,595
Prepaid expenses and other current assets (172,366) 18,020 69,605
Deferred contract costs (13,103) 30,192
Amount due from a related party (17,260)
Other non-current assets 16,950 28,368
Accounts payable 2,840 (21,098) (14,007)
Operating lease liabilities (43,455) (100,073) (207,881)
Payroll payable (734,904) 404,216 102,096
Accrued expenses and other current liabilities 47,096 19,107 (18,026)
Contract liabilities (185,744) 49,140 (268,907)
Net cash used in operating activities (3,913,752) (728,066) (2,310,183)
Cash flows from investing activities
Proceeds from dispose of property and equipment 360 815
Purchase of short-term investment (3,800,000)
Redemption of short-term investment 979,031
Prepayment for acquisition (207,972)
Net cash (used in) provided by investing activities (3,028,941) 360 815
Cash flows from financing activities
Loan from related parties 792,283 284,292
Repayment to related parties (1,038,283)
Repayment of short-term bank loan (314,731) (315,090)
Proceeds from short-term bank loan 314,731 315,090 321,834
Proceeds from issuance of ordinary shares upon initial public offering, net of 9,097,000
underwriting commissions, discounts and other offering costs of $1,253,000
Proceeds from issuance of units upon follow-on offering, net of underwriting 5,270,064
commissions, discounts and other offering costs of $730,000
Proceeds from issuance of ordinary shares upon exercise of Series A Warrants 4,486,999
Proceeds from issuance of ordinary shares upon exercise of Series B Warrants 731
Payment of offering costs (1,028,932) (360,893) (121,248)
Collection of subscription receivable 3,125
Net cash provided by financing activities 16,790,704 431,390 484,878
Effect of exchange rates on cash and restricted cash 45,593 (59,713) 5,194
Net increase (decrease) in cash and restricted cash 9,893,604 (356,029) (1,819,296)
Cash and restricted cash at beginning of year 43,021 399,050 2,218,346
Cash and restricted cash at end of year $
9,936,625 $
43,021 $
399,050
Cash $
9,912,327 $
18,372 $
399,050
Restricted cash $
24,298 $
24,649
$
Cash and restricted cash at end of year $
9,936,625 $
43,021 $
399,050
Supplemental disclosure of cash flow information
Cash paid for interest expenses $
9,377 $
10,237 $
257
Cash paid for income tax $
264
$
$
Supplemental disclosure of non-cash investing and financing activities:
Accretion to redeemable preferred equity
$
$ $
326,837
Exchange redeemable preferred equity with Class A ordinary shares
$
$ $
12,154,929
Operating lease right-of-use assets obtained in exchange for operating lease
$ $
140,844
$
liabilities
Deferred offering costs charged against additional paid-in capital $
478,108
$
$
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