Revenue performance remains highly erratic, with a 53.5% quarterly decline in 2025Q4 highlighting the instability of a business model that fails to scale, as shown by a -103.80% average operating margin.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Oct'14 | Oct'13 |
|---|
| Sales/Revenue | 2.13M | 2.07M | 3.5M | 3.48M | 3.67M | 2.95M | 2.25M | 4.48M | 4.21M | 3.92M | 2.78M | 2.95M | 576.33K | 0 |
| Revenue Growth % | -33.36% | -40.69% | 0.54% | -5.34% | 24.55% | 30.82% | -49.72% | 6.44% | 7.58% | 41.06% | -5.76% | 411.19% | - | - |
| Cost of Goods Sold | 426.5K | 407.39K | 426.44K | 571.58K | 1.02M | 472.69K | 599.41K | 1.38M | 2.08M | 1.49M | 1.05M | 1.85M | 300.54K | 0 |
| COGS % of Revenue | - | 19.65% | 12.2% | 16.44% | 27.86% | 16.02% | 26.58% | 30.7% | 49.39% | 37.99% | 37.69% | 62.89% | 52.15% | - |
| Gross Profit | 1.7M | 1.67M | 3.07M | 2.91M | 2.65M | 2.48M | 1.66M | 3.11M | 2.13M | 2.43M | 1.73M | 1.09M | 275.79K | 0 |
| Gross Margin % | 79.94% | 80.35% | 87.8% | 83.56% | 72.14% | 83.98% | 73.42% | 69.3% | 50.61% | 62.01% | 62.31% | 37.11% | 47.85% | - |
| Gross Profit Growth % | - | -45.73% | 5.64% | 9.64% | 7% | 49.64% | -46.74% | 45.77% | -12.2% | 40.37% | 58.25% | 296.42% | - | - |
| Operating Expenses | 4.09M | 3.82M | 4.04M | 4.41M | 4.17M | 5.23M | 4.56M | 4.68M | 4.29M | 3.35M | 1.87M | 1.38M | 368.73K | 22.3K |
| OpEx % of Revenue | - | 184.16% | 115.53% | 126.79% | 113.47% | 177.36% | 202.28% | 104.24% | 101.74% | 85.56% | 67.33% | 46.92% | 63.98% | - |
| Selling, General & Admin | 4.09M | 3.82M | 4.04M | 4.41M | 4.17M | 5.23M | 4.56M | 4.68M | 4.29M | 3.35M | 1.87M | 1.38M | 368.73K | 22.3K |
| SG&A % of Revenue | - | 184.16% | 115.53% | 126.79% | 113.47% | 177.36% | 202.28% | 104.24% | 101.74% | 85.56% | 67.33% | 46.92% | 63.98% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.9K | 12.06K | 0 | 0 | 0 |
| Operating Income | -2.39M | -2.15M | -969.28K | -1.5M | -1.52M | -2.75M | -2.91M | -1.57M | -4.22M | -2.82M | -139.37K | -289.13K | -92.94K | -22.3K |
| Operating Margin % | -112.33% | -103.8% | -27.72% | -43.22% | -41.33% | -93.39% | -128.86% | -34.94% | -100.13% | -72.03% | -5.02% | -9.81% | -16.13% | - |
| Operating Income Growth % | - | -122.06% | 35.52% | 1.01% | 44.88% | 5.19% | -85.42% | 62.86% | -49.55% | -1924.08% | 51.79% | -211.09% | -316.86% | - |
| EBITDA | -2.16M | -1.91M | -723.36K | -1.27M | -1.28M | -2.44M | -2.39M | -997.74K | -3.99M | -2.63M | 27.83K | -211.18K | -52.8K | -22.3K |
| EBITDA Margin % | -101.53% | -92.22% | -20.69% | -36.38% | -34.84% | -82.62% | -106.01% | -22.25% | -94.58% | -67.22% | 1% | -7.17% | -9.16% | - |
| EBITDA Growth % | -123.93% | -164.36% | 42.83% | 1.15% | 47.48% | -1.95% | -139.57% | 74.96% | -51.38% | -9559.43% | 113.18% | -299.94% | -136.83% | - |
| D&A (Non-Cash Add-back) | 229.59K | 240.15K | 245.92K | 237.89K | 238.5K | 317.64K | 515.25K | 569.28K | 233.94K | 188.49K | 167.2K | 77.95K | 40.14K | 0 |
| EBIT | 210.75M | -2.97M | -720.32K | 1.06M | -6.26M | -1.41M | -2.61M | -1.27M | -8.16M | -2.99M | 35.19K | -294.23K | -93.38K | -22.3K |
| Net Interest Income | -1.3K | 8.37K | 18.09K | 40.67K | 21.42K | -12.94M | -1.14M | -75.39K | -84.33K | -54.31K | -67.4K | -47.27K | -40.29K | 0 |
| Interest Income | -1.34K | 9.25K | 19.16K | 41.4K | 21.42K | 7.49K | 1.61K | 28.01K | 60.02K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -927 | 883 | 1.07K | 729 | 0 | 12.95M | 1.14M | 103.4K | 144.36K | 54.31K | 67.4K | 47.27K | 40.29K | 0 |
| Other Income/Expense | -858.24K | -817.68K | 247.89K | 2.56M | -4.74M | -11.6M | -847.38K | 195.11K | -4.09M | -227.49K | -64.34K | -52.37K | -40.73K | 0 |
| Pretax Income | -3.25M | -2.97M | -721.39K | 1.06M | -6.26M | -14.36M | -3.75M | -1.37M | -8.31M | -3.05M | -203.72K | -341.5K | -133.67K | -22.3K |
| Pretax Margin % | -152.7% | -143.24% | -20.63% | 30.38% | -170.38% | -486.76% | -166.44% | -30.59% | -197.2% | -77.84% | -7.34% | -11.59% | -23.19% | - |
| Income Tax | 11.73K | 12.24K | 4.44K | 6.83K | 2.36K | 4.94K | 0 | -22.43K | 16.24K | 68.37K | 7.46K | 7.43K | 0 | 0 |
| Effective Tax Rate % | -0.36% | -0.41% | -0.62% | 0.65% | -0.04% | -0.03% | 0% | 1.63% | -0.2% | -2.24% | -3.66% | -2.18% | 0% | 0% |
| Net Income | -3.26M | -2.98M | -715.28K | 1.07M | -6.35M | -14.35M | -3.76M | -1.35M | -8.55M | -2.28M | -222.32K | -383.77K | -133.67K | -22.3K |
| Net Margin % | -153.25% | -143.83% | -20.46% | 30.87% | -172.86% | -486.46% | -166.84% | -30.09% | -202.92% | -58.33% | -8.01% | -13.03% | -23.19% | - |
| Net Income Growth % | -200.21% | -316.94% | -166.63% | 116.9% | 55.74% | -281.45% | -178.76% | 84.22% | -274.24% | -927.59% | 42.07% | -187.1% | -499.56% | - |
| Net Income (Continuing) | -3.26M | -2.98M | -725.83K | 1.05M | -6.26M | -14.36M | -3.75M | -1.35M | -8.33M | -3.12M | -39.67K | -348.93K | -133.67K | -22.3K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 37.38K | 37.38K | 37.38K | 291.3K | 315.18K | 226.5K | 203K | 186.69K | 230.12K | 83.28K | 148.23K | 136.98K | 0 | 0 |
| EPS (Diluted) | -0.37 | -0.37 | -0.09 | 0.14 | -0.80 | -2.08 | -0.88 | -0.25 | -1.58 | -0.43 | -0.04 | -0.08 | -0.06 | -0.01 |
| EPS Growth % | -172.92% | -291.95% | -167.43% | 117.5% | 61.54% | -136.36% | -252% | 84.18% | -267.44% | -907.03% | 48.05% | -37.92% | - | - |
| EPS (Basic) | - | -0.37 | -0.09 | 0.14 | -0.80 | -2.08 | -0.88 | -0.25 | -1.58 | -0.43 | -0.04 | -0.08 | -0.06 | -0.01 |
| Diluted Shares Outstanding | 8.72M | 8.01M | 7.58M | 7.69M | 7.87M | 6.92M | 5.74M | 5.47M | 5.4M | 5.31M | 5.21M | 4.67M | 2.24M | 2.24M |
| Basic Shares Outstanding | 8.72M | 8.01M | 7.58M | 7.69M | 7.87M | 6.92M | 5.74M | 5.47M | 5.4M | 5.31M | 5.21M | 4.67M | 2.24M | 2.24M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and going concern
As evidenced by the quarterly income statements, GRNQ's top-line performance remains highly erratic, with a 53.5% revenue decline in 2025Q4 highlighting the inherent instability of a business model that relies on lumpy, project-based success fees rather than a predictable, recurring revenue stream from its advisory services.
The company's inability to maintain consistent growth suggests that its incubation pipeline is failing to convert into reliable transaction volume. Investors should monitor whether the recent revenue contraction reflects a structural loss of market share or merely the timing of sporadic listing mandates.
While reported financial data indicates that GRNQ maintains high gross margins, often exceeding 80%, this metric appears misleading as it fails to account for the massive operating losses that consistently erode shareholder value, suggesting a fundamental disconnect between service delivery costs and total corporate overhead.
The disparity between high gross margins and deeply negative operating margins implies that the company's cost structure is poorly aligned with its current scale. This suggests that the firm is essentially subsidizing its operations through capital rather than generating sustainable profit from its core consulting activities.
Based on the provided income statement history, GRNQ exhibits a persistent inability to achieve operating leverage, as evidenced by an operating margin of -103.80% that demonstrates the company's failure to scale its administrative expenses efficiently relative to its declining revenue base over the last ten quarters.
The firm's fixed-cost burden appears to be a significant drag on performance, preventing any meaningful path to profitability during periods of revenue growth. Without a substantial increase in transaction volume, the current overhead structure may continue to overwhelm the company's ability to generate positive operating income.
According to the historical income data, GRNQ's net income is frequently impacted by significant non-operating items, as seen in the extreme fluctuations between quarterly profits and losses, which suggests that reported EPS figures may not accurately reflect the underlying operational health of the consulting business.
The volatility in net income warrants further investigation into the impact of unrealized gains or losses from the company's equity stakes in client firms. Analysts should be cautious in using these bottom-line figures as a proxy for operational success, as they appear heavily influenced by external valuation shifts.
As reported in recent financial filings, the combination of a $636,659 cash balance and persistent net losses raises significant concerns regarding the company's long-term viability, suggesting that the firm may face an urgent need for external financing to sustain its current operational footprint.
The lack of a clear path to positive cash flow from operations indicates that the business model may be fundamentally unsustainable in its current form. Investors should consider the high probability of dilutive equity issuance as a primary risk to existing shareholders if the current burn rate continues.
Quick answers to the most common questions about buying GRNQ stock.
For fiscal year 2025, Greenpro Capital Corp. (GRNQ) reported total revenue of $2.1M.
Greenpro Capital Corp. (GRNQ) reported a net loss of $3.0M for the fiscal year ending 2025.
Greenpro Capital Corp. (GRNQ) reported an operating income of $-2.2M, resulting in an operating profit margin of -103.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Greenpro Capital Corp. (GRNQ) generated $1.7M in gross profit for the year, representing a gross profit margin of 80.4%. This demonstrates the company's core pricing power and production efficiency.