Despite achieving an 85.4% gross margin on $30.0M in revenue, the company reported a -82.2% operating margin due to $49.0M in R&D expenditures.
GIBO Holdings Limited (GIBO) annual income statement — 4-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 |
|---|
| Sales/Revenue | 30M | 0 | 30M | 0 | 0 |
| Revenue Growth % | - | -100% | - | - | - |
| Cost of Goods Sold | 4.37M | 11.76M | 4.37M | 32.1K | 0 |
| COGS % of Revenue | - | - | 14.56% | - | - |
| Gross Profit | 25.63M | -11.76M | 25.63M | -32.1K | 0 |
| Gross Margin % | 85.44% | - | 85.44% | - | - |
| Gross Profit Growth % | - | -145.9% | 79947.98% | - | - |
| Operating Expenses | 62.49M | 120.19M | 50.5M | 12.12M | 11.49M |
| OpEx % of Revenue | - | - | 168.32% | - | - |
| Selling, General & Admin | 1.84M | 2.39M | 1.25M | 719.26K | 704.52K |
| SG&A % of Revenue | - | - | 4.18% | - | - |
| Research & Development | 60.36M | 117.8M | 49.03M | 11.33M | 10.77M |
| R&D % of Revenue | - | - | 163.44% | - | - |
| Other Operating Expenses | 286.74K | 0 | 210K | 76.74K | 9.47K |
| Operating Income | -24.83M | -131.96M | -24.86M | -12.12M | -11.49M |
| Operating Margin % | -82.77% | - | -82.88% | - | - |
| Operating Income Growth % | - | -430.71% | -105.12% | -5.53% | - |
| EBITDA | -19.77M | -120.19M | -20.21M | -11.98M | -11.41M |
| EBITDA Margin % | -65.89% | - | -67.37% | - | - |
| EBITDA Growth % | - | -494.65% | -68.78% | -4.95% | - |
| D&A (Non-Cash Add-back) | 4.8M | 11.76M | 4.65M | 146.44K | 76.16K |
| EBIT | -37.18M | -131.96M | -24.86M | -12.12M | -11.49M |
| Net Interest Income | -324.47K | -824.22K | 371 | 191 | 23 |
| Interest Income | -324.47K | 0 | 371 | 191 | 23 |
| Interest Expense | 0 | 824.22K | 0 | 0 | 0 |
| Other Income/Expense | 25.47M | -99.96M | 11.72K | 4.25K | 11.48M |
| Pretax Income | 296.42K | -231.91M | -24.85M | -12.12M | -4.2K |
| Pretax Margin % | 0.99% | - | -82.84% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -12.05M | -231.91M | 262.59K | -12.12M | -4.2K |
| Net Margin % | -40.16% | - | 0.88% | - | - |
| Net Income Growth % | - | -88417.43% | 102.17% | -288149.29% | - |
| Net Income (Continuing) | 296.42K | -231.91M | -24.85M | -12.12M | -4.2K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.62 | -96.36 | 0.00 | -0.00 | -0.00 |
| EPS Growth % | - | - | - | - | - |
| EPS (Basic) | - | -96.36 | 0.00 | -0.00 | -0.00 |
| Diluted Shares Outstanding | 2.61M | 2.41M | 2.61M | 2.61M | 2.61M |
| Basic Shares Outstanding | 2.61M | 2.41M | 2.61M | 2.61M | 2.61M |
| Dividend Payout Ratio | - | - | - | - | - |
Quick answers to the most common questions about buying GIBO stock.
For fiscal year 2025, GIBO Holdings Limited (GIBO) reported total revenue of $0.0M.
GIBO Holdings Limited (GIBO) reported a net loss of $231.9M for the fiscal year ending 2025.
Key Metrics
Top Statement Risk
Imminent liquidity shortfall risk
High Gross Margins Mask Losses
According to the 2024Q4 financial statements, GIBO achieved an 85.4% gross margin on $30.0M in revenue, yet this impressive product-level efficiency is entirely offset by massive R&D expenditures that result in a deeply negative operating margin of -82.2% for the same period.
The stark contrast between the high gross margin and the operating loss suggests that while the core streaming product may possess inherent scalability, the company is currently trapped in a high-cost R&D phase. Investors should interpret this as a sign that the platform is not yet self-sustaining and remains heavily dependent on external capital to fund its AI development cycle.
Non-Operating Items Distort Profitability
As reported in recent filings, GIBO's net income of $29.9K in 2024Q4 stands in sharp contradiction to its $24.7M operating loss, indicating that the company's reported bottom-line profit is likely derived from non-core, one-time items rather than sustainable operational performance.
This disconnect warrants extreme caution, as it suggests that the core business model is currently incapable of generating positive net income. Analysts should discount the headline net profit figure and focus on the underlying operating loss to gauge the true financial health of the enterprise.
Operating Leverage Remains Severely Constrained
Based on the 2024Q4 data, GIBO's operating expenses, primarily driven by $49.0M in R&D, significantly exceed the gross profit of $25.6M, demonstrating a lack of operating leverage that leaves the company highly vulnerable to continued cash depletion.
The current cost structure appears to prioritize aggressive AI model development over immediate profitability, which may be unsustainable given the company's limited cash reserves. Without a significant reduction in R&D intensity or a massive scale-up in revenue, the company may struggle to achieve operational break-even in the near term.
Liquidity Risks Threaten Operational Continuity
Financial disclosures reveal that GIBO holds only $86,750 in cash, a figure that appears dangerously low when measured against the $30M in quarterly revenue and the substantial operating losses reported in the most recent period.
This extreme liquidity divergence suggests that the company may face an imminent need for dilutive financing or a radical restructuring of its cost base. Investors should monitor the company's ability to secure additional capital, as the current cash position provides virtually no margin for error in its ongoing AI-driven growth strategy.