Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $57.2M. Running result $57.2M. Revenue: $57.2M.
- Cost of revenue: −$49.72M. Running result $7.48M.
- Gross profit: $7.48M. Running result $7.48M.
- Sales and marketing expenses (including related party amounts of nil, nil and RMB1,172,706 (US$167,695) for the years ended December 31, 2023, 2024 and 2025, respectively): −$13.76M. Running result −$6.28M.
- General and administrative expenses: −$8.54M. Running result −$14.83M.
- Research and development expenses: −$1.84M. Running result −$16.67M.
- Impairment loss on long-lived assets: −$301.57K. Running result −$16.97M.
- Operating income: −$16.97M. Running result −$16.97M.
- Other expense: −$1.76M. Running result −$18.73M.
- Pre-tax loss: −$18.73M. Running result −$18.73M.
- Income tax expense: −$0.0536K. Running result −$18.73M.
- Net loss: −$18.73M. Running result −$18.73M.