Despite achieving 36.2% revenue growth in 2025Q4, the company reported a substantial $24.3M net loss, indicating that non-operating expenses are currently overwhelming operational output.
| Sales/Revenue | 55.94M | 41.36M | 26.89M | 17.19M | 14.27M | 5.04M |
| Revenue Growth % | 35.25% | 53.82% | 56.44% | 20.47% | 182.96% | - |
| Cost of Goods Sold | 33.43M | 20.56M | 12.36M | 13.07M | 10.99M | 3.93M |
| COGS % of Revenue | 59.76% | 49.7% | 45.96% | 76.06% | 77.03% | 78% |
| Gross Profit | 22.51M | 20.8M | 14.53M | 4.12M | 3.28M | 1.11M |
| Gross Margin % | 40.24% | 50.3% | 54.04% | 23.94% | 22.97% | 22% |
| Gross Profit Growth % | 8.2% | 43.16% | 253.1% | 25.55% | 195.43% | - |
| Operating Expenses | 19.51M | 13.98M | 6.89M | 4.4M | 1.88M | 1.63M |
| OpEx % of Revenue | 34.87% | 33.8% | 25.61% | 25.62% | 13.19% | 32.28% |
| Selling, General & Admin | 11.56M | 6.53M | 3.34M | 1.2M | 1.22M | 589.9K |
| SG&A % of Revenue | 20.67% | 15.79% | 12.42% | 6.95% | 8.56% | 11.7% |
| Research & Development | 7.95M | 7.45M | 3.55M | 3.21M | 661.13K | 1.04M |
| R&D % of Revenue | 14.2% | 18.01% | 13.19% | 18.66% | 4.63% | 20.58% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 3M | 6.82M | 7.65M | -287.35K | 1.4M | -518.32K |
| Operating Margin % | 5.37% | 16.5% | 28.43% | -1.67% | 9.79% | -10.28% |
| Operating Income Growth % | -55.98% | -10.75% | 2760.59% | -120.58% | 369.37% | - |
| EBITDA | 15.27M | 12.54M | 8.7M | -107.64K | 1.42M | -512.61K |
| EBITDA Margin % | 27.29% | 30.32% | 32.34% | -0.63% | 9.95% | -10.17% |
| EBITDA Growth % | 21.74% | 44.19% | 8179.05% | -107.58% | 376.88% | - |
| D&A (Non-Cash Add-back) | 12.26M | 5.72M | 1.05M | 179.72K | 23.14K | 5.7K |
| EBIT | -18.44M | 13.18M | 7.78M | -190.35K | 1.45M | -428.74K |
| Net Interest Income | -102.41K | 13.32K | -84.98K | -31.94K | 17.51K | 2.78K |
| Interest Income | 92.86K | 208.65K | 41.23K | 42.95K | 42.69K | 6.68K |
| Interest Expense | 195.26K | 195.33K | 126.21K | 74.89K | 25.18K | 3.9K |
| Other Income/Expense | -21.64M | 6.16M | 4.15K | 22.11K | 28K | 85.67K |
| Pretax Income | -18.64M | 12.98M | 7.65M | -265.24K | 1.42M | -432.64K |
| Pretax Margin % | -33.32% | 31.39% | 28.45% | -1.54% | 9.98% | -8.58% |
| Income Tax | 663.24K | 847.45K | 1.1M | 0 | 9.99K | 53.64K |
| Effective Tax Rate % | -3.56% | 6.53% | 14.36% | 0% | 0.7% | -12.4% |
| Net Income | -19.3M | 12.14M | 6.55M | -267.22K | 1.42M | -541.26K |
| Net Margin % | -34.5% | 29.34% | 24.37% | -1.55% | 9.93% | -10.73% |
| Net Income Growth % | -259.03% | 85.25% | 2551.83% | -118.87% | 361.7% | - |
| Net Income (Continuing) | -19.3M | 12.14M | 6.55M | -265.24K | 1.41M | -486.28K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -144.28K | -146.21K | -140.53K | -143.56K | -145.87K | -150.12K |
| EPS (Diluted) | -59.50 | 21.00 | 12.50 | -0.52 | 2.73 | -1.05 |
| EPS Growth % | -383.33% | 68% | 2527.18% | -118.86% | 361.24% | - |
| EPS (Basic) | -59.50 | 22.00 | 12.50 | -0.52 | 2.73 | -1.05 |
| Diluted Shares Outstanding | 323.75K | 571.64K | 518.52K | 518.52K | 518.52K | 518.52K |
| Basic Shares Outstanding | 323.75K | 571.64K | 518.52K | 518.52K | 518.52K | 518.52K |
| Dividend Payout Ratio | - | - | - | - | - | - |
Regulatory and liquidity exposure
According to recent financial disclosures, GMM achieved a 36.2% year-over-year revenue increase in 2025Q4, demonstrating sustained top-line momentum; however, the inconsistent quarterly growth rates suggest that the company's project-based model remains highly sensitive to the cyclical nature of the Chinese media and advertising production environment.
While the double-digit revenue growth indicates successful market penetration, the lack of recurring revenue streams makes the trajectory difficult to forecast. Investors should monitor whether the company can transition from transactional project work to a more predictable licensing model to ensure long-term durability.
As reported in the latest income statement, GMM's gross margin contracted to 36.7% in 2025Q4, reflecting the high variable costs associated with technical labor and cloud infrastructure required to maintain its proprietary 3D digital asset library in a competitive and cost-intensive domestic market.
The inability to consistently maintain gross margins above 40% suggests that the company faces significant pricing pressure or rising input costs. This margin volatility implies that the 'create once, license many' model has not yet achieved the necessary scale to offset the high costs of digital content production.
Based on the provided figures, GMM reported an operating margin of 4.5% in 2025Q4, which highlights a disconnect between operational output and the substantial net loss of $24.3M, suggesting that non-operating expenses are currently overwhelming the company's ability to generate meaningful bottom-line returns for shareholders.
The company appears to struggle with scaling its operating income in proportion to its revenue growth, indicating that overhead and administrative costs are rising alongside production volume. This lack of operating leverage warrants further investigation into the nature of the non-operating items impacting the net income line.
Data from the most recent quarterly filings reveals a stark divergence between operating income and net income, with a $24.3M net loss in 2025Q4, suggesting that significant non-operating charges or tax adjustments are severely diluting the quality of reported earnings for the period.
The massive gap between operating and net results indicates that the company's core business performance is not currently reflected in its bottom-line profitability. Investors should be cautious of these non-operating items, as they may mask underlying structural weaknesses or unsustainable financing costs that could persist in future quarters.
As indicated by the company's reported cash position of $4.17M against a $24.3M quarterly net loss, GMM faces a precarious liquidity situation that may necessitate dilutive equity financing to sustain its current growth trajectory and cover ongoing operational expenses in the coming fiscal periods.
Short-sellers would likely focus on the company's limited cash reserves and the potential for extended accounts receivable terms, which are common risks in the Chinese media sector. The reliance on external capital to fund operations suggests that the current growth model may not be self-sustaining without significant improvements in cash conversion.
Quick answers to the most common questions about buying GMM stock.
For fiscal year 2025, Global Mofy Metaverse Limited (GMM) reported total revenue of $55.9M. This represents a 1009.4% increase compared to $5.0M in 2020.
Global Mofy Metaverse Limited (GMM) reported a net loss of $19.3M for the fiscal year ending 2025.
Global Mofy Metaverse Limited (GMM) reported an operating income of $3.0M, resulting in an operating profit margin of 5.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Global Mofy Metaverse Limited (GMM) generated $22.5M in gross profit for the year, representing a gross profit margin of 40.2%. This demonstrates the company's core pricing power and production efficiency.