Revenue has contracted significantly by 44.3% year-over-year as of 2025Q2, while gross margins have deteriorated to 28.0% from 50.5% in 2023Q2.
| Sales/Revenue | 5.75M | 8.39M | 7.91M | 23.06M | 18.19M | 12.78M | 7.63M | 9.95M | 9.12M |
| Revenue Growth % | -64.39% | 6% | -65.69% | 26.76% | 42.38% | 67.39% | -23.27% | 9.06% | - |
| Cost of Goods Sold | 4.15M | 7.26M | 5.33M | 11.53M | 9.55M | 10.02M | 4.13M | 5.02M | 4.08M |
| COGS % of Revenue | - | 86.6% | 67.36% | 49.98% | 52.51% | 78.42% | 54.16% | 50.5% | 44.77% |
| Gross Profit | 1.6M | 1.12M | 2.58M | 11.54M | 8.64M | 2.76M | 3.5M | 4.92M | 5.04M |
| Gross Margin % | 27.86% | 13.4% | 32.64% | 50.02% | 47.49% | 21.58% | 45.84% | 49.5% | 55.23% |
| Gross Profit Growth % | - | -56.48% | -77.61% | 33.54% | 213.31% | -21.21% | -28.94% | -2.26% | - |
| Operating Expenses | 35.03M | 28.23M | 32.69M | 47.6M | 22.11M | 6.76M | 6.06M | 7.06M | 5.61M |
| OpEx % of Revenue | - | 336.61% | 413.14% | 206.41% | 121.54% | 52.9% | 79.37% | 70.92% | 61.51% |
| Selling, General & Admin | 24.55M | 26.44M | 22.2M | 25.8M | 18.41M | 6.78M | 5.51M | 6.61M | 6.11M |
| SG&A % of Revenue | - | 315.28% | 280.52% | 111.88% | 101.2% | 53.08% | 72.16% | 66.43% | 67.01% |
| Research & Development | 811.58K | 616.76K | 811.58K | 879.44K | 847.07K | 456.18K | 378.01K | 360.93K | 0 |
| R&D % of Revenue | - | 7.35% | 10.26% | 3.81% | 4.66% | 3.57% | 4.95% | 3.63% | - |
| Other Operating Expenses | 3M | 1.17M | 9.68M | 20.92M | 2.85M | -479.4K | 172.33K | 85.89K | 0 |
| Operating Income | -33.43M | -27.11M | -30.11M | -36.07M | -13.47M | -4M | -2.56M | -2.13M | -1.01M |
| Operating Margin % | -581.41% | -323.21% | -380.51% | -156.39% | -74.05% | -31.32% | -33.52% | -21.42% | -11.06% |
| Operating Income Growth % | - | 9.96% | 16.52% | -167.71% | -236.62% | -56.41% | -20.06% | -111.21% | - |
| EBITDA | -31.37M | -24.78M | -28.05M | -32.8M | -11.12M | -2.43M | -988.35K | -772.6K | -565.91K |
| EBITDA Margin % | -545.58% | -295.4% | -354.49% | -142.2% | -61.13% | -19% | -12.95% | -7.77% | -6.2% |
| EBITDA Growth % | 6.77% | 11.67% | 14.47% | -194.88% | -358.18% | -145.6% | -27.93% | -36.52% | - |
| D&A (Non-Cash Add-back) | 2.06M | 2.33M | 2.06M | 3.27M | 2.35M | 1.57M | 1.57M | 1.36M | 443.22K |
| EBIT | -24.41M | -27.11M | -26.04M | -3.05M | -55.73M | -4.17M | -2.21M | -247.38K | -1.01M |
| Net Interest Income | -1.66M | -3.39M | -1.15M | -3.69M | -1.31M | -449.57K | -853.98K | -863.87K | 0 |
| Interest Income | -735.67K | 177.22K | 6.68K | 45.1K | 26.38K | 0 | 55.65K | 104.43K | 121.43K |
| Interest Expense | 922.83K | 3.57M | 1.15M | 3.74M | 1.34M | 449.57K | 909.63K | 968.3K | 0 |
| Other Income/Expense | -3.51M | -28.23M | 2.92M | 29.28M | -14.73M | -449.57K | -442.22K | 16.53K | 557.2K |
| Pretax Income | -36.94M | -55.34M | -27.19M | -6.79M | -56.32M | -4.62M | -3.12M | -1.12M | -451.93K |
| Pretax Margin % | -642.52% | -659.77% | -343.65% | -29.44% | -309.53% | -36.14% | -40.91% | -11.25% | -4.95% |
| Income Tax | -2.25M | 652.73K | -2.25M | -1.08M | -1.06M | -128.85K | 69.25K | 111.31K | -316.47K |
| Effective Tax Rate % | 6.09% | -1.18% | 8.28% | 15.89% | 1.89% | 2.79% | -2.22% | -9.95% | 70.03% |
| Net Income | -34.63M | -55.27M | -24.88M | -5.66M | -55.25M | -4.49M | -3.19M | -1.23M | -135.46K |
| Net Margin % | -602.33% | -658.94% | -314.46% | -24.53% | -303.69% | -35.13% | -41.82% | -12.37% | -1.48% |
| Net Income Growth % | -737.64% | -122.12% | -339.83% | 89.76% | -1130.77% | -40.63% | -159.47% | -808.29% | - |
| Net Income (Continuing) | -34.69M | -55.99M | -24.94M | -5.71M | -56.01M | -4.49M | -3.19M | -1.23M | -135.46K |
| Discontinued Operations | 0 | 532.17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 5.6M | 7.36M | 5.63M | 5.69M | 6.79M | 4.34M | 257.15K | 0 | 0 |
| EPS (Diluted) | -0.65 | -0.54 | -2.26 | -1.02 | -2.44 | -0.22 | -0.14 | -0.05 | -0.01 |
| EPS Growth % | -63.56% | 76.11% | -121.58% | 58.2% | -1009.09% | -57.14% | -165.15% | - | - |
| EPS (Basic) | - | -0.54 | -2.26 | -1.02 | -2.44 | -0.22 | -0.14 | -0.05 | -0.01 |
| Diluted Shares Outstanding | 53.2M | 101.45M | 11.01M | 5.55M | 22.63M | 20.45M | 23.29M | 23.29M | 21.52M |
| Basic Shares Outstanding | 53.2M | 101.45M | 11.01M | 5.55M | 22.63M | 20.45M | 23.29M | 23.29M | 21.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Liquidity and solvency constraints
As indicated by the most recent quarterly financial data, GNS experienced a significant revenue decline, with figures dropping to $1.4M in 2025Q2 from $5.9M in 2023Q2, representing a sharp contraction that suggests the company's current growth strategy is failing to gain traction in its core markets.
The consistent downward trend in quarterly revenue suggests that the company's acquisition-led growth model has stalled, failing to generate the necessary scale to offset the decline in legacy operations. Investors should monitor whether this contraction reflects a deliberate pivot away from low-margin segments or an inability to retain students within the Genius ecosystem.
Based on reported income statements, gross margins have deteriorated from 50.5% in 2023Q2 to 28.0% in 2025Q2, highlighting a significant erosion of pricing power and an inability to manage the direct costs associated with the company's hybrid physical-digital education and hospitality service model.
The structural decline in gross margins appears to confirm that the company's physical assets are becoming an increasing burden on profitability rather than a competitive advantage. This trend suggests that the cost of delivering services is rising relative to revenue, which may indicate that the business lacks the operating leverage required to achieve sustainable margins.
According to the provided financial statements, GNS continues to struggle with extreme operating inefficiency, as evidenced by an operating margin of -4.6% in 2025Q2, which, while improved from previous periods, remains insufficient to cover the company's substantial fixed overhead and administrative cost structure.
The persistent gap between gross profit and operating expenses suggests that the company's corporate overhead is disproportionately high relative to its current revenue base. This lack of operating leverage implies that the business model may require a fundamental restructuring of its cost base to reach even a break-even point.
As reported in recent filings, the company's net income remains highly volatile, with a net margin of -7.0% in 2025Q2, further complicated by inconsistent stock-based compensation patterns that make it difficult to assess the true underlying profitability of the core education and hospitality operations.
The frequent fluctuations in net income, coupled with significant non-operating items, suggest that reported earnings are not a reliable indicator of operational health. Investors should be wary of the impact of non-cash charges and potential accounting adjustments that may be masking the severity of the company's ongoing cash burn.
Based on the provided data, the company's reliance on high-cost physical assets and its inability to scale revenue suggests that the current business model may be unsustainable, as evidenced by the persistent net losses and the lack of a clear path toward positive cash flow generation.
Short-sellers would likely focus on the disconnect between the company's 'edtech' narrative and its actual financial performance, which resembles that of a distressed hospitality operator. The combination of declining revenue and high fixed costs warrants further investigation into the company's ability to continue as a going concern without further dilutive financing.
Quick answers to the most common questions about buying GNS stock.
For fiscal year 2025, Genius Group Limited (GNS) reported total revenue of $8.4M. This represents a 8.1% decline compared to $9.1M in 2018.
Genius Group Limited (GNS) reported a net loss of $55.3M for the fiscal year ending 2025.
Genius Group Limited (GNS) reported an operating income of $-27.1M, resulting in an operating profit margin of -323.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Genius Group Limited (GNS) generated $1.1M in gross profit for the year, representing a gross profit margin of 13.4%. This demonstrates the company's core pricing power and production efficiency.