Golden Sun Education Group Limited(GSUN)Earnings, Financials & Key Ratios
GSUN•NASDAQ
$0.53
$1M mkt cap·Price updated May 7, 2026
AboutGolden Sun Education Group Limited, through its subsidiaries, provides education and management services in the People's Republic of China. It operates through two segments, primary and secondary school services, tutoring, and other Services. The company offers private school educational and foreign language tutorials, and other education training management services. The company was founded in 1997 and is headquartered in Shanghai, China.Show more
- Revenue$10M+65.0%
- EBITDA-$2M+63.2%
- Net Income-$4M+35.9%
- EPS (Diluted)-1.87+39.3%
- Gross Margin23.26%-20.1%
- EBITDA Margin-20.51%+77.7%
- Operating Margin-25.23%+74.7%
- Net Margin-36.48%+61.2%
- ROE-154.82%-75.4%
- ROIC-57.42%+67.4%
- Debt/Equity10.96+900.5%
- Interest Coverage-10.52+43.1%
GSUN Key Insights
Golden Sun Education Group Limited (GSUN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗High debt to equity ratio of 11.0x
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗Sales declining 7.7% over 5 years
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GSUN Price & Volume
Golden Sun Education Group Limited (GSUN) stock price & volume — 10-year historical chart
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GSUN Growth Metrics
Golden Sun Education Group Limited (GSUN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-7.7%
3 Years-12.23%
TTM62.14%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-100.48%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-94.1%
Return on Capital
10 Years-55.88%
5 Years-55.88%
3 Years-55.88%
Last Year-42.21%
GSUN Peer Comparison
Golden Sun Education Group Limited (GSUN) competitors in K-12 Schools and Early Childhood — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COE | 2.43M | 25.25 | -0.35 | 86.98% | -13.42% | |||
 FEDU | 2.23M | 10.49 | 18.79 | 100.15% | 0.32% | 0.16% | 0.19 | |
 GOTU | 759.78M | 1.97 | -4.86 | 55.99% | -6.4% | -21.76% | 0.25 | |
 RLX | 1.96B | 2.16 | 34.11 | 96.5% | 23.35% | 4.73% | 0.00 | |
 TAL | 770.79M | 11.40 | 9.05 | 51.22% | 6.45% | 4.72% | 0.09 | |
 EDU | 8.97B | 56.36 | 24.50 | 13.6% | 7.37% | 9.09% | 0.20 | |
 DAO | 375.37M | 12.00 | 3.56% | 1.82% | ||||
 WAFU | 2.4M | 1.61 | -14.67 | -14.35% | -5.53% | -7.11% | 0.01 |
Compare GSUN vs Peers
Golden Sun Education Group Limited (GSUN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GSUN Income Statement
Golden Sun Education Group Limited (GSUN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 15.17M | 13.96M | 15.03M | 10.81M | 6.16M | 10.16M | 29.36M |
| Revenue Growth % | - | -7.95% | 7.65% | -28.03% | -43.08% | 65.04% | 62.14% |
| Cost of Goods Sold | 7.05M | 7.69M | 6.21M | 6M | 4.36M | 7.8M | 25.84M |
| COGS % of Revenue | 46.49% | 55.1% | 41.33% | 55.51% | 70.88% | 76.74% | - |
| Gross Profit | 8.12M▲ 0% | 6.27M▼ 22.8% | 8.82M▲ 40.6% | 4.81M▼ 45.4% | 1.79M▼ 62.7% | 2.36M▲ 31.8% | 3.51M▲ 0% |
| Gross Margin % | 53.51% | 44.9% | 58.67% | 44.49% | 29.12% | 23.26% | 11.96% |
| Gross Profit Growth % | - | -22.76% | 40.65% | -45.43% | -62.75% | 31.82% | - |
| Operating Expenses | 3.43M | 4.8M | 6.86M | 6.35M | 7.93M | 4.93M | 9.36M |
| OpEx % of Revenue | 22.64% | 34.36% | 45.68% | 58.73% | 128.83% | 48.49% | - |
| Selling, General & Admin | 3.43M | 4.8M | 6.86M | 6.35M | 7.93M | 4.93M | 8.01M |
| SG&A % of Revenue | 22.64% | 34.36% | 45.68% | 58.73% | 128.83% | 48.49% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 4.68M▲ 0% | 1.66M▼ 64.5% | 1.95M▲ 17.6% | -1.54M▼ 178.9% | -6.14M▼ 298.4% | -2.56M▲ 58.2% | -5.84M▲ 0% |
| Operating Margin % | 30.87% | 11.89% | 12.99% | -14.24% | -99.71% | -25.23% | -19.9% |
| Operating Income Growth % | - | -64.55% | 17.58% | -178.92% | -298.44% | 58.24% | - |
| EBITDA | 5.22M | 1.75M | 2.1M | -1.37M | -5.66M | -2.08M | -5.25M |
| EBITDA Margin % | 34.41% | 12.5% | 13.94% | -12.67% | -91.97% | -20.51% | -17.87% |
| EBITDA Growth % | - | -66.55% | 20.03% | -165.41% | -313.06% | 63.2% | 8.28% |
| D&A (Non-Cash Add-back) | 536.15K | 85.74K | 143.56K | 169.81K | 476.25K | 479.5K | 595.61K |
| EBIT | 4.74M | 55.65K | 2.18M | -1.55M | -5.31M | -3.71M | -6.08M |
| Net Interest Income | -147.02K | -108.97K | -212.02K | -213.89K | -331.69K | -243.53K | -503.55K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 94.36K |
| Interest Expense | 147.02K | 108.97K | 212.02K | 213.89K | 331.69K | 243.53K | 597.91K |
| Other Income/Expense | -92.26K | -17.19K | 14.45K | -223.4K | 494.45K | -1.39M | -6.14M |
| Pretax Income | 4.59M▲ 0% | 311.7K▼ 93.2% | 1.97M▲ 530.8% | -1.76M▼ 189.7% | -5.64M▼ 219.9% | -3.95M▲ 30.0% | -11.98M▲ 0% |
| Pretax Margin % | 30.26% | 2.23% | 13.08% | -16.31% | -91.68% | -38.88% | -40.81% |
| Income Tax | 1.08M | 256.78K | 659.86K | 354.53K | 136.84K | 18.62K | -25.39K |
| Effective Tax Rate % | 23.54% | 82.38% | 33.56% | -20.1% | -2.42% | -0.47% | 0.21% |
| Net Income | 3.37M▲ 0% | 42.01K▼ 98.8% | 1.98M▲ 4609.6% | -2.14M▼ 208.1% | -5.79M▼ 170.5% | -3.71M▲ 35.9% | -10.61M▲ 0% |
| Net Margin % | 22.19% | 0.3% | 13.17% | -19.78% | -94% | -36.48% | -36.15% |
| Net Income Growth % | - | -98.75% | 4609.61% | -208.13% | -170.47% | 35.95% | -100.48% |
| Net Income (Continuing) | 3.51M | 0 | 1.31M | -2.12M | -5.78M | -3.97M | -11.96M |
| Discontinued Operations | 0 | 200.49K | 855.04K | 0 | 0 | 0 | 1.02M |
| Minority Interest | -257.73K | -257.11K | -86.55K | -59.26K | -51.73K | -306.17K | -354.58K |
| EPS (Diluted) | 1.62▲ 0% | 0.03▼ 98.0% | 1.14▲ 3429.4% | -1.48▼ 229.8% | -3.08▼ 108.1% | -1.87▲ 39.3% | -5.36▲ 0% |
| EPS Growth % | - | -98.01% | 3429.41% | -229.82% | -108.11% | 39.29% | -94.1% |
| EPS (Basic) | 1.62 | 0.03 | 1.14 | -1.48 | -3.08 | -1.87 | - |
| Diluted Shares Outstanding | 2.08M | 1.3M | 1.3M | 1.44M | 1.88M | 1.98M | 1.98M |
| Basic Shares Outstanding | 2.08M | 1.3M | 1.3M | 1.44M | 1.88M | 1.98M | 1.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
GSUN Balance Sheet
Golden Sun Education Group Limited (GSUN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.08M | 5.14M | 5.53M | 22.12M | 12.05M | 10.35M | 18.54M |
| Cash & Short-Term Investments | 3.11M | 3.21M | 1.19M | 20.35M | 6.55M | 839.62K | 137.08K |
| Cash Only | 3.11M | 3.21M | 1.19M | 20.35M | 6.55M | 839.62K | 137.08K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 161.54K | 1.37M | 745.88K | 477.94K | 614.35K | 145.59K |
| Days Sales Outstanding | - | 4.22 | 33.37 | 25.17 | 28.34 | 22.07 | 5.97 |
| Inventory | 0 | 0 | 0 | 0 | 153.85K | 375.88K | 59.33K |
| Days Inventory Outstanding | - | - | - | - | 12.87 | 17.6 | 3.61 |
| Other Current Assets | 967.86K | 1.77M | 0 | 947.24K | 4.68M | 3.01M | 2.24M |
| Total Non-Current Assets | 10.05M | 12.31M | 1.11M | 1.32M | 7.39M | 6.73M | 6.32M |
| Property, Plant & Equipment | 2.81M | 5.41M | 374.62K | 344.03K | 1.67M | 914.13K | 476.5K |
| Fixed Asset Turnover | 5.40x | 2.58x | 40.11x | 31.44x | 3.68x | 11.11x | 27.94x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 7.17M | 6.36M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | -7.17M | -11.08M | 0 | 0 | 5.25M | 4.62M | 19.73M |
| Other Non-Current Assets | 7.17M | 11.48M | 732.66K | 978.87K | 473.39K | 1.2M | 3.5M |
| Total Assets | 14.12M▲ 0% | 17.45M▲ 23.5% | 6.64M▼ 62.0% | 23.44M▲ 253.2% | 19.45M▼ 17.0% | 17.08M▼ 12.2% | 24.86M▲ 0% |
| Asset Turnover | 1.07x | 0.80x | 2.26x | 0.46x | 0.32x | 0.59x | 1.51x |
| Asset Growth % | - | 23.53% | -61.96% | 253.21% | -17.03% | -12.16% | -1.73% |
| Total Current Liabilities | 15.34M | 19M | 12.58M | 12.57M | 10.82M | 13.57M | 21.71M |
| Accounts Payable | 836.77K | 48.8K | 210.78K | 665.4K | 974.31K | 1.41M | 1.6M |
| Days Payables Outstanding | 43.32 | 2.32 | 12.39 | 40.46 | 81.51 | 65.94 | 18.11 |
| Short-Term Debt | 1.88M | 2.61M | 1.38M | 1.23M | 48.78K | 2.02M | 8.05M |
| Deferred Revenue (Current) | 8.79M | 10.04M | 6.32M | 4.44M | 3.99M | 4.12M | 15.03M |
| Other Current Liabilities | 108.8K | 4.88M | 1.85M | 1.93M | 1.85M | 168.32K | 6.02M |
| Current Ratio | 0.27x | 0.27x | 0.44x | 1.76x | 1.11x | 0.76x | 0.76x |
| Quick Ratio | 0.27x | 0.27x | 0.44x | 1.76x | 1.10x | 0.74x | 0.74x |
| Cash Conversion Cycle | - | - | - | - | -40.3 | -26.27 | -8.53 |
| Total Non-Current Liabilities | 5.86M | 5.81M | 1.7M | 2.14M | 4.26M | 3.1M | 7.42M |
| Long-Term Debt | 4.85M | 4.66M | 1.03M | 2.14M | 3.31M | 1.84M | 964.63K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 882.62K | 409.7K | 2.22M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.01M | 1.15M | 672.56K | 0 | 63.69K | 854.27K | 7.25M |
| Total Liabilities | 21.2M | 24.82M | 14.28M | 14.71M | 15.07M | 16.67M | 29.12M |
| Total Debt | 6.72M | 7.28M | 2.41M | 3.37M | 4.79M | 4.51M | 9.35M |
| Net Debt | 3.61M | 4.07M | 1.21M | -16.98M | -1.76M | 3.67M | 9.21M |
| Debt / Equity | - | - | - | 0.39x | 1.10x | 10.96x | 10.96x |
| Debt / EBITDA | 1.29x | 4.17x | 1.15x | - | - | - | -1.78x |
| Net Debt / EBITDA | 0.69x | 2.33x | 0.58x | - | - | - | -1.76x |
| Interest Coverage | 31.85x | 15.23x | 9.21x | -7.20x | -18.50x | -10.52x | -10.16x |
| Total Equity | -7.08M▲ 0% | -7.37M▼ 4.1% | -7.64M▼ 3.6% | 8.73M▲ 214.3% | 4.38M▼ 49.9% | 411.37K▼ 90.6% | -4.27M▲ 0% |
| Equity Growth % | - | -4.12% | -3.64% | 214.3% | -49.89% | -90.6% | -467.04% |
| Book Value per Share | -3.41 | -5.67 | -5.88 | 6.05 | 2.33 | 0.21 | -2.15 |
| Total Shareholders' Equity | -6.82M | -7.12M | -7.55M | 8.79M | 4.43M | 717.54K | -3.91M |
| Common Stock | 7.5K | 6.5K | 6.5K | 9.18K | 9.54K | 9.9K | 9.9K |
| Retained Earnings | -8.22M | -8.52M | -6.76M | -9.01M | -14.84M | -18.54M | -23.34M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -259.2K | -248.95K | -819.28K | 146.41K | -213.99K | -201.36K | -35.42K |
| Minority Interest | -257.73K | -257.11K | -86.55K | -59.26K | -51.73K | -306.17K | -354.58K |
GSUN Cash Flow Statement
Golden Sun Education Group Limited (GSUN) cash flow — operating, investing & free cash flow history
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 6.81M | 1.17M | 31.89K | 910.25K | -7.94M | -4.9M | -4.9M |
| Operating CF Margin % | 44.88% | 8.37% | 0.21% | 8.42% | -129.02% | -48.24% | - |
| Operating CF Growth % | - | -82.83% | -97.27% | 2754.08% | -972.51% | 38.29% | -586.01% |
| Net Income | 3.51M | 54.92K | 1.31M | -2.12M | -5.79M | -3.97M | -10.61M |
| Depreciation & Amortization | 536.15K | 609.55K | 143.56K | 169.81K | 476.25K | 479.5K | 1.09M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 1.82M | 0 | 912.5K |
| Deferred Taxes | 335.29K | -63.62K | 21.63K | 0 | 0 | 0 | -1.16M |
| Other Non-Cash Items | 3.57K | 823.58K | 920.45K | 171.72K | 202.66K | 1.14M | 6.5M |
| Working Capital Changes | 2.42M | -255.76K | -2.36M | 2.69M | -4.66M | -2.55M | -14.79M |
| Change in Receivables | 0 | -156.82K | -498.36K | 236.33K | 226.41K | -128.53K | 92.11K |
| Change in Inventory | 0 | 156.82K | 498.36K | 0 | -159.15K | -334.46K | -397.36K |
| Change in Payables | 188.38K | -786.64K | 158.11K | 514.57K | 336.76K | 385.25K | 328.58K |
| Cash from Investing | -592.55K | -1.58M | -212.62K | -174.07K | -5.72M | -1.97M | -3.04M |
| Capital Expenditures | -592.55K | -1.69M | -91.14K | -174.07K | -248.96K | -133.15K | -1.98M |
| CapEx % of Revenue | 3.91% | 12.14% | 0.61% | 1.61% | 4.04% | 1.31% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -1.73M | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 114.16K | -121.47K | 0 | -28.36K | -113.39K | -394.04K |
| Cash from Financing | -4.04M | 360.55K | -2M | 18.63M | 246.8K | 1.12M | 8.78M |
| Debt Issued (Net) | 1.05M | 85.62K | 752.75K | 1.28M | 79.96K | 349.57K | 1.09M |
| Equity Issued (Net) | 0 | -280.42K | -240.81K | 1000K | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.09M | 555.35K | -2.52M | -922.74K | 166.84K | 767.63K | 7.68M |
| Net Change in Cash | 2.05M▲ 0% | 100.36K▼ 95.1% | -2.02M▼ 2110.0% | 19.15M▲ 1049.6% | -13.79M▼ 172.0% | -5.71M▲ 58.6% | -12.58M▲ 0% |
| Free Cash Flow | 6.21M▲ 0% | -525.73K▼ 108.5% | -59.25K▲ 88.7% | 736.18K▲ 1342.5% | -8.22M▼ 1216.5% | -5.03M▲ 38.8% | -20.05M▲ 0% |
| FCF Margin % | 40.97% | -3.77% | -0.39% | 6.81% | -133.53% | -49.55% | -68.28% |
| FCF Growth % | - | -108.46% | 88.73% | 1342.45% | -1216.49% | 38.75% | -532.94% |
| FCF per Share | 2.99 | -0.40 | -0.05 | 0.51 | -4.37 | -2.54 | -2.54 |
| FCF Conversion (FCF/Net Income) | 2.02x | 27.82x | 0.02x | -0.43x | 1.37x | 1.32x | 1.89x |
| Interest Paid | 129.31K | 113.73K | 139.28K | 215.62K | 352.84K | 273.07K | 318.31K |
| Taxes Paid | 2.49K | 1.45K | 10.44K | 147 | 2.56K | 7.81K | 0 |
GSUN Key Ratios
Golden Sun Education Group Limited (GSUN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -391.59% | -88.28% | -154.82% | -1371.96% |
| Return on Invested Capital (ROIC) | - | - | - | -175.96% | -57.42% | -57.42% |
| Gross Margin | 44.9% | 58.67% | 44.49% | 29.12% | 23.26% | 11.96% |
| Net Margin | 0.3% | 13.17% | -19.78% | -94% | -36.48% | -36.15% |
| Debt / Equity | - | - | 0.39x | 1.10x | 10.96x | 10.96x |
| Interest Coverage | 15.23x | 9.21x | -7.20x | -18.50x | -10.52x | -10.16x |
| FCF Conversion | 27.82x | 0.02x | -0.43x | 1.37x | 1.32x | 1.89x |
| Revenue Growth | -7.95% | 7.65% | -28.03% | -43.08% | 65.04% | 62.14% |
GSUN Frequently Asked Questions
Golden Sun Education Group Limited (GSUN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Golden Sun Education Group Limited (GSUN) reported $29.4M in revenue for fiscal year 2024. This represents a 94% increase from $15.2M in 2019.
Golden Sun Education Group Limited (GSUN) grew revenue by 65.0% over the past year. This is strong growth.
Golden Sun Education Group Limited (GSUN) reported a net loss of $10.6M for fiscal year 2024.
Dividend & Returns
Golden Sun Education Group Limited (GSUN) has a return on equity (ROE) of -154.8%. Negative ROE indicates the company is unprofitable.
Golden Sun Education Group Limited (GSUN) had negative free cash flow of $20.0M in fiscal year 2024, likely due to heavy capital investments.
Explore More GSUN
Golden Sun Education Group Limited (GSUN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates