The company struggles with extreme negative operating leverage, evidenced by an operating margin of -2.5% in 2026Q1 despite maintaining a gross margin of 57.7%.
| Sales/Revenue | 1.51M | 1.52M | 1.32M | 1.43M | 1.86M | 1.02M | 3.45M | 858.72K | 1.55M | 487K | 0 | 0 |
| Revenue Growth % | 16.68% | 15.23% | -7.57% | -22.92% | 82.56% | -70.55% | 302.06% | -44.46% | 217.46% | - | - | - |
| Cost of Goods Sold | 689.15K | 706.18K | 563.6K | 494.52K | 666.04K | 297.33K | 775.86K | 766.96K | 1.44M | 441.41K | 0 | 0 |
| COGS % of Revenue | - | 46.33% | 42.61% | 34.56% | 35.88% | 29.24% | 22.47% | 89.31% | 92.93% | 90.64% | - | - |
| Gross Profit | 819.73K | 818.08K | 759.15K | 936.57K | 1.19M | 719.63K | 2.68M | 91.77K | 109.35K | 45.6K | 0 | 0 |
| Gross Margin % | 54.33% | 53.67% | 57.39% | 65.44% | 64.13% | 70.76% | 77.53% | 10.69% | 7.07% | 9.36% | - | - |
| Gross Profit Growth % | - | 7.76% | -18.94% | -21.33% | 65.44% | -73.12% | 2816.95% | -16.08% | 139.83% | - | - | - |
| Operating Expenses | 4.03M | 4.07M | 3.33M | 3.08M | 2.72M | 2.58M | 2.83M | 624.54K | 607.36K | 276.47K | 75.36K | 300K |
| OpEx % of Revenue | - | 267.32% | 251.94% | 215.44% | 146.71% | 253.52% | 82.11% | 72.73% | 39.28% | 56.77% | - | - |
| Selling, General & Admin | 3.57M | 3.54M | 3.33M | 3.08M | 2.72M | 2.46M | 2.83M | 624.54K | 607.36K | 265.68K | 75.36K | 300K |
| SG&A % of Revenue | - | 232.05% | 251.94% | 215.44% | 146.71% | 241.57% | 82.11% | 72.73% | 39.28% | 54.55% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 464.76K | 537.65K | 0 | 0 | 0 | 121.51K | 0 | 0 | 0 | -14K | 0 | 0 |
| Operating Income | -3.21M | -3.26M | -2.57M | -2.15M | -1.53M | -1.86M | -158.13K | -532.77K | -514.51K | -366.96K | -75.36K | -300K |
| Operating Margin % | -212.98% | -213.65% | -194.55% | -150% | -82.59% | -182.76% | -4.58% | -62.04% | -33.28% | -75.35% | - | - |
| Operating Income Growth % | - | -26.55% | -19.88% | -40% | 17.5% | -1075.3% | 70.32% | -3.55% | -40.21% | -386.94% | 74.88% | - |
| EBITDA | -2.99M | -3.03M | -2.35M | -1.92M | -1.32M | -1.64M | 5.34K | -677.87K | -353.37K | -132.88K | 0 | 0 |
| EBITDA Margin % | -198.06% | -198.7% | -177.41% | -134.4% | -70.85% | -161.4% | 0.15% | -78.94% | -22.86% | -27.28% | - | - |
| EBITDA Growth % | -27.75% | -29.06% | -22.01% | -46.23% | 19.86% | -30848.58% | 100.79% | -91.83% | -165.94% | - | - | - |
| D&A (Non-Cash Add-back) | 225.05K | 227.98K | 226.65K | 223.19K | 217.94K | 217.21K | 163.47K | 0 | 161.14K | 234.09K | 75.36K | 300K |
| EBIT | -3.21M | -3.26M | -2.57M | -2.15M | -1.53M | -1.86M | -158.13K | -677.87K | -131.17K | -234.09K | 0 | 0 |
| Net Interest Income | 153 | 3.42K | 67.93K | 29.25K | 16.19K | 25.57K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 153 | 3.42K | 67.93K | 29.25K | 16.19K | 25.57K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.28M | 951.33K | 92.23K | 40.22K | -136.87K | -529.04K | 674.48K | -145.09K | -5.13K | 109.15K | 0 | 0 |
| Pretax Income | -1.93M | -2.31M | -2.48M | -2.11M | -1.67M | -2.39M | 516.35K | -677.86K | -519.64K | -124.94K | -75.36K | -300K |
| Pretax Margin % | -128.13% | -151.24% | -187.57% | -147.19% | -89.96% | -234.78% | 14.96% | -78.94% | -33.61% | -25.65% | - | - |
| Income Tax | 2.29K | 2.29K | 4.93K | 3.58K | -4.05K | 137.07K | 161.58K | 0 | 0 | 5.33K | 0 | 0 |
| Effective Tax Rate % | -0.12% | -0.1% | -0.2% | -0.17% | 0.24% | -5.74% | 31.29% | 0% | 0% | -4.27% | 0% | 0% |
| Net Income | -1.91M | -2.28M | -2.47M | -2.1M | -1.69M | -2.52M | 354.77K | -677.86K | -519.64K | -130.27K | -75.36K | -300K |
| Net Margin % | -126.48% | -149.57% | -186.77% | -146.88% | -90.86% | -248.21% | 10.28% | -78.94% | -33.61% | -26.75% | - | - |
| Net Income Growth % | 22.41% | 7.72% | -17.53% | -24.61% | 33.17% | -811.52% | 152.34% | -30.45% | -298.88% | -72.86% | 74.88% | - |
| Net Income (Continuing) | -1.94M | -2.31M | -2.49M | -2.11M | -1.67M | -2.52M | 354.77K | -677.86K | -519.64K | -130.27K | -75.36K | -300K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -46.74K | -33.45K | -3.79K | 11.78K | 20.51K | -336 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.91 | -2.85 | -31.50 | -1.39 | -0.96 | -0.34 | 0.05 | -0.09 | -0.07 | -0.02 | -0.01 | -0.04 |
| EPS Growth % | 92.57% | 90.95% | -2174.37% | -44.27% | -186.57% | -844.44% | 150% | -28.57% | -366.67% | -50% | 75% | - |
| EPS (Basic) | - | -2.85 | -31.50 | -1.39 | -0.96 | -0.34 | 0.05 | -0.09 | -0.07 | -0.02 | -0.01 | -0.04 |
| Diluted Shares Outstanding | 1M | 801.08K | 1.27M | 1.52M | 1.76M | 7.52M | 7.53M | 7.53M | 7.53M | 7.53M | 7.53M | 7.53M |
| Basic Shares Outstanding | 1M | 801.08K | 1.27M | 1.52M | 1.76M | 7.52M | 7.53M | 7.53M | 7.53M | 7.47M | 7.53M | 7.53M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |
Severe liquidity and solvency
According to the provided quarterly data, ATPC's revenue trajectory remains highly volatile, with recent figures showing a 10.9% increase in 2025Q4 followed by a 5.3% contraction in 2026Q1, highlighting the difficulty in sustaining consistent top-line expansion within the competitive Malaysian health supplement market.
The lack of a clear growth trend suggests that the company's advisory-led model may struggle with customer retention or cyclical demand shifts. Investors should monitor whether the fluctuations in revenue are tied to specific product launches or if they reflect a broader instability in the underlying member base.
As reported in financial statements, ATPC maintains a gross margin profile averaging above 50%, with a 53.6% reading in 2025Q4, which suggests that the company's premium wellness products retain significant pricing power despite the firm's inability to achieve operational profitability at the current scale.
While the gross margin indicates a successful premium positioning, the wide variance in quarterly margins—ranging from 44.9% to 64.5%—implies potential volatility in input costs or promotional discounting. This inconsistency warrants further investigation into whether the company can maintain these margins as it attempts to scale its distribution network.
Based on the income statement data, ATPC exhibits extreme negative operating leverage, as evidenced by an operating margin of -213.65% in recent periods, indicating that the company's fixed administrative and SG&A costs are vastly outsized relative to its current revenue-generating capacity.
The data suggests that the corporate infrastructure is currently too heavy for the business's small revenue base, creating a structural misalignment that prevents profitability. Without a significant reduction in overhead or a massive surge in sales volume, the company appears unlikely to achieve positive operating income in the near term.
Analysis of the income statement reveals that SG&A expenses consistently dwarf gross profits, with 2025Q4 SG&A reaching $1.1M against a gross profit of only $213.8K, demonstrating a lack of expense discipline that continues to drive significant quarterly net losses.
The persistent reliance on high SG&A spending suggests that the company may be aggressively funding customer acquisition or administrative overhead that is not yielding a commensurate return. This cost structure appears unsustainable and may necessitate a fundamental pivot in how the company manages its operational footprint.
Financial disclosures indicate a precarious liquidity position, with cash reserves of only $140,072 against a recurring quarterly net loss profile, suggesting that the company may face a significant funding gap that could force dilutive financing or threaten its ability to continue as a going concern.
The disconnect between the company's growth ambitions and its limited cash runway is a primary concern for investors. The current burn rate suggests that the company's survival may depend on its ability to secure external capital, which remains uncertain given the lack of a clear path to profitability.
Quick answers to the most common questions about buying ATPC stock.
For fiscal year 2025, Agape ATP Corporation (ATPC) reported total revenue of $1.5M.
Agape ATP Corporation (ATPC) reported a net loss of $2.3M for the fiscal year ending 2025.
Agape ATP Corporation (ATPC) reported an operating income of $-3.3M, resulting in an operating profit margin of -213.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Agape ATP Corporation (ATPC) generated $0.8M in gross profit for the year, representing a gross profit margin of 53.7%. This demonstrates the company's core pricing power and production efficiency.