Linkage Global Inc Ordinary Shares(LGCB)Earnings, Financials & Key Ratios
LGCB•NASDAQ
$0.72
$2M mkt cap·Price updated May 7, 2026
AboutLinkage Global Inc, through its subsidiaries, operates as a cross-border e-commerce integrated services provider in Japan, Mainland China, and internationally. It provides cross-border product sales; digital marketing services; and e-commerce operation training and software support services. Linkage Global Inc was founded in 2011 and is headquartered in Tokyo, Japan.Show more
- Revenue$10M-19.2%
- EBITDA$235K+154.2%
- Net Income-$439K+32.7%
- EPS (Diluted)-0.02+36.5%
- Gross Margin40.49%+177.1%
- EBITDA Margin2.28%+167.1%
- Operating Margin-0.74%+86.4%
- Net Margin-4.27%+16.7%
- ROE-8.35%+60.1%
- ROIC-0.85%+93.5%
- Debt/Equity0.42-53.7%
LGCB Key Insights
Linkage Global Inc Ordinary Shares (LGCB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 2 (bottom 2%)
- ✗Thin 5Y average net margin of 0.1%
- ✗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.
LGCB Price & Volume
Linkage Global Inc Ordinary Shares (LGCB) stock price & volume — 10-year historical chart
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LGCB Growth Metrics
Linkage Global Inc Ordinary Shares (LGCB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-12.7%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years7.6%
5 Years7.6%
3 Years4.44%
Last Year-1.08%
LGCB Peer Comparison
Linkage Global Inc Ordinary Shares (LGCB) competitors in Retail Services and Enablement Platforms — 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 |
|---|---|---|---|---|---|---|---|---|
 CLPS | 25.36M | 0.91 | -3.48 | 15.17% | -1.27% | -6.06% | 0.59 | |
 CNET | 1.86M | 0.70 | -0.38 | -49.52% | -33.36% | -60.34% | 0.03 | |
 AIXI | 7.64M | 0.72 | -0.45 | 18.84% | -45.89% | |||
 EDTK | 15.93M | 1.00 | -5.26 | -55.29% | -416.15% | -133.28% | 0.05 | |
 FEDU | 2.23M | 10.49 | 18.79 | 100.15% | 0.32% | 0.16% | 0.19 | |
 BABA | 340.44B | 140.99 | 17.90 | 5.86% | 12.19% | 11.24% | 0.23 | |
 JD | 46.46B | 30.21 | 7.64 | 6.84% | 2.47% | 10.53% | 0.29 | |
 BIDU | 48.92B | 139.87 | 14.44 | -1.09% | 6.9% | 3.13% | 0.28 |
Compare LGCB vs Peers
Linkage Global Inc Ordinary Shares (LGCB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LGCB Income Statement
Linkage Global Inc Ordinary Shares (LGCB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 15.47M | 22.03M | 12.73M | 10.29M | 16.24M |
| Revenue Growth % | - | 42.42% | -42.2% | -19.19% | - |
| Cost of Goods Sold | 12.93M | 18.32M | 10.87M | 6.12M | 11.7M |
| COGS % of Revenue | 83.6% | 83.18% | 85.39% | 59.51% | - |
| Gross Profit | 2.54M▲ 0% | 3.7M▲ 46.0% | 1.86M▼ 49.8% | 4.17M▲ 123.9% | 4.54M▲ 0% |
| Gross Margin % | 16.4% | 16.82% | 14.61% | 40.49% | - |
| Gross Profit Growth % | - | 46% | -49.77% | 123.91% | - |
| Operating Expenses | 1.66M | 2.49M | 2.56M | 4.24M | 6.87M |
| OpEx % of Revenue | 10.71% | 11.29% | 20.09% | 41.24% | - |
| Selling, General & Admin | 1.55M | 1.86M | 1.97M | 3.94M | 6.01M |
| SG&A % of Revenue | 10.04% | 8.44% | 15.47% | 38.3% | - |
| Research & Development | 102.88K | 628.35K | 588.11K | 302.28K | 862.48K |
| R&D % of Revenue | 0.67% | 2.85% | 4.62% | 2.94% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 881K▲ 0% | 1.41M▲ 60.0% | -696.75K▼ 149.4% | -76.56K▲ 89.0% | -2.33M▲ 0% |
| Operating Margin % | 5.7% | 6.4% | -5.47% | -0.74% | - |
| Operating Income Growth % | - | 60.01% | -149.42% | 89.01% | - |
| EBITDA | 914.37K | 1.49M | -433.06K | 234.81K | -1.93M |
| EBITDA Margin % | 5.91% | 6.77% | -3.4% | 2.28% | - |
| EBITDA Growth % | - | 63.1% | -129.04% | 154.22% | - |
| D&A (Non-Cash Add-back) | 33.37K | 81.63K | 263.69K | 311.36K | 400.69K |
| EBIT | 881K | 1.22M | -695.44K | -75.85K | -1.86M |
| Net Interest Income | -81.88K | -79.45K | -102.36K | 44.57K | -1.6M |
| Interest Income | 0 | 0 | 0 | 44.57K | 2.12K |
| Interest Expense | 81.88K | 79.45K | 102.36K | 0 | 1.6M |
| Other Income/Expense | -27.8K | 42.6K | -19.93K | 226.9K | -1.13M |
| Pretax Income | 853.21K▲ 0% | 1.45M▲ 70.2% | -716.68K▼ 149.3% | 150.34K▲ 121.0% | -3.46M▲ 0% |
| Pretax Margin % | 5.52% | 6.59% | -5.63% | 1.46% | -21.33% |
| Income Tax | 101.54K | 385.96K | -63.95K | 589.68K | 276.49K |
| Effective Tax Rate % | 11.9% | 26.58% | 8.92% | 392.22% | -7.98% |
| Net Income | 751.67K▲ 0% | 1.07M▲ 41.9% | -652.73K▼ 161.2% | -439.34K▲ 32.7% | -3.74M▲ 0% |
| Net Margin % | 4.86% | 4.84% | -5.13% | -4.27% | - |
| Net Income Growth % | - | 41.87% | -161.21% | 32.69% | - |
| Net Income (Continuing) | 751.67K | 1.07M | -652.73K | -439.34K | -3.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.04▲ 0% | 0.05▲ 41.7% | -0.03▼ 165.7% | -0.02▲ 36.5% | -▲ 0% |
| EPS Growth % | - | 41.71% | -165.73% | 36.5% | - |
| EPS (Basic) | 0.04 | 0.05 | -0.03 | -0.02 | - |
| Diluted Shares Outstanding | 2.15M | 2.15M | 2M | 2.15M | 34.16M |
| Basic Shares Outstanding | 2.15M | 2.15M | 2M | 2.15M | 34.16M |
| Dividend Payout Ratio | - | - | - | - | - |
LGCB Balance Sheet
Linkage Global Inc Ordinary Shares (LGCB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 4.19M | 7.12M | 8.57M | 11.95M | 19.02M |
| Cash & Short-Term Investments | 1.78M | 3.69M | 1.11M | 2M | 328.08K |
| Cash Only | 1.78M | 3.69M | 1.11M | 2M | 328.08K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.41M | 2.73M | 2.52M | 7.11M | 8.4M |
| Days Sales Outstanding | 33.17 | 45.25 | 72.33 | 252.38 | 100.12 |
| Inventory | 440.8K | 3.07K | 679.73K | 66.33K | 1.1M |
| Days Inventory Outstanding | 12.44 | 0.06 | 22.82 | 3.95 | 22.91 |
| Other Current Assets | 98.93K | 699.99K | 4.28K | 7.07K | 9.19M |
| Total Non-Current Assets | 3.39M | 1.95M | 2.06M | 739.54K | 566.76K |
| Property, Plant & Equipment | 3.07M | 685.67K | 783.59K | 739.54K | 566.76K |
| Fixed Asset Turnover | 5.04x | 32.13x | 16.25x | 13.91x | 17.94x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.22M | 1.07M | 0 | 0 | 0 |
| Long-Term Investments | 179.37K | 145.45K | 0 | 0 | 153.54K |
| Other Non-Current Assets | -2.22M | -155.32K | 1.13M | 0 | 1.55M |
| Total Assets | 7.58M▲ 0% | 9.08M▲ 19.8% | 10.63M▲ 17.1% | 12.69M▲ 19.4% | 19.58M▲ 0% |
| Asset Turnover | 2.04x | 2.43x | 1.20x | 0.81x | 1.18x |
| Asset Growth % | - | 19.75% | 17.12% | 19.35% | 0% |
| Total Current Liabilities | 2.42M | 3.69M | 4.7M | 4.39M | 11.57M |
| Accounts Payable | 539.26K | 518.32K | 1.14M | 624.72K | 324.07K |
| Days Payables Outstanding | 15.22 | 10.32 | 38.36 | 37.24 | 23.97 |
| Short-Term Debt | 847.21K | 4.76K | 535.23K | 1.43M | 8.33M |
| Deferred Revenue (Current) | 147.81K | 3.08K | 530.49K | 533.63K | 1.2M |
| Other Current Liabilities | 65.74K | 1.42M | 44.58K | 9.32K | 1.72M |
| Current Ratio | 1.74x | 1.93x | 1.82x | 2.73x | 2.73x |
| Quick Ratio | 1.55x | 1.93x | 1.68x | 2.71x | 2.71x |
| Cash Conversion Cycle | 30.39 | 34.99 | 56.79 | 219.09 | 99.07 |
| Total Non-Current Liabilities | 3.44M | 2.65M | 2.44M | 1.28M | 1.07M |
| Long-Term Debt | 3.39M | 2.65M | 2M | 839.56K | 734.02K |
| Capital Lease Obligations | 0 | 0 | 439.85K | 441.5K | 1.82M |
| Deferred Tax Liabilities | 51.24K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 5.86M | 6.34M | 7.14M | 5.67M | 12.64M |
| Total Debt | 4.24M | 3.34M | 3.16M | 2.94M | 9.4M |
| Net Debt | 2.46M | -343.35K | 2.05M | 938.69K | 9.07M |
| Debt / Equity | 2.45x | 1.22x | 0.90x | 0.42x | 0.42x |
| Debt / EBITDA | 4.63x | 2.24x | - | 12.52x | -4.86x |
| Net Debt / EBITDA | 2.69x | -0.23x | - | 4.00x | 4.00x |
| Interest Coverage | 10.76x | 17.74x | -6.81x | - | -1.17x |
| Total Equity | 1.73M▲ 0% | 2.73M▲ 58.4% | 3.5M▲ 27.9% | 7.02M▲ 100.9% | 6.94M▲ 0% |
| Equity Growth % | - | 58.44% | 27.88% | 100.89% | 0% |
| Book Value per Share | 0.80 | 1.27 | 1.75 | 3.27 | 0.20 |
| Total Shareholders' Equity | 1.73M | 2.73M | 3.5M | 7.02M | 6.94M |
| Common Stock | 5K | 5K | 5K | 5.38K | 9.45K |
| Retained Earnings | 1.65M | 2.72M | 2.05M | 1.61M | -1.47M |
| Treasury Stock | 0 | 0 | 0 | 0 | -500 |
| Accumulated OCI | -48.66K | -106.38K | -110.55K | -185.4K | -157.29K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
LGCB Cash Flow Statement
Linkage Global Inc Ordinary Shares (LGCB) cash flow — operating, investing & free cash flow history
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | 1.22M | 1.17M | -3.88M | -1.64M | -1.64M |
| Operating CF Margin % | 7.88% | 5.31% | -30.5% | -15.89% | - |
| Operating CF Growth % | - | -4.04% | -432.2% | 57.89% | 0% |
| Net Income | 6.99K | 8.56K | -652.73K | -439.34K | -3.74M |
| Depreciation & Amortization | 310 | 655 | 263.69K | 311.36K | 400.69K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -867 | 646 | -160.4K | 148.24K | -160.4K |
| Other Non-Cash Items | 757.75K | 1.04M | 68.53K | 743.6K | 3.78M |
| Working Capital Changes | 454.01K | 120.72K | -3.4M | -2.4M | -6.12M |
| Change in Receivables | 441.89K | -910.22K | 36.74K | -5.02M | -1.27M |
| Change in Inventory | 225.58K | -78.45K | -359.86K | 601.54K | -333.53K |
| Change in Payables | 32.82K | -11.7K | 624.35K | -517.94K | 323.69K |
| Cash from Investing | -3.21M | 743.73K | 1.83M | -365.43K | 1.83M |
| Capital Expenditures | -3.07M | -481.39K | -12.14K | 0 | -12.14K |
| CapEx % of Revenue | 19.83% | 2.19% | 0.1% | 0% | - |
| Acquisitions | -139.39K | -40.1K | 1.75M | 0 | 1.75M |
| Investments | - | - | - | - | - |
| Other Investing | 1.3K | 1.31M | 0 | -410K | 0 |
| Cash from Financing | 2.02M | 45.74K | -398.39K | 2.88M | -401.7K |
| Debt Issued (Net) | 2.02M | 45.74K | -787.55K | -1.86M | -790.87K |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -1.04M | -624.29K | 0 |
| Net Change in Cash | 25.26K▲ 0% | 1.91M▲ 7451.4% | -2.58M▼ 235.2% | 893.25K▲ 134.6% | -4.08M▲ 0% |
| Free Cash Flow | -1.85M▲ 0% | 687.54K▲ 137.2% | -3.9M▼ 666.6% | -1.64M▲ 58.0% | -3.9M▲ 0% |
| FCF Margin % | -11.95% | 3.12% | -30.59% | -15.89% | - |
| FCF Growth % | - | 137.18% | -666.56% | 58.02% | - |
| FCF per Share | -0.86 | 0.32 | -1.95 | -0.76 | -0.76 |
| FCF Conversion (FCF/Net Income) | 1.62x | 1.10x | 5.95x | 3.72x | 1.04x |
| Interest Paid | 46.52K | 57.78K | 65.9K | 48.61K | 0 |
| Taxes Paid | 2.94K | 33.29K | 150.12K | 2.05K | 0 |
LGCB Key Ratios
Linkage Global Inc Ordinary Shares (LGCB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 47.81% | -20.95% | -8.35% | -73.82% |
| Return on Invested Capital (ROIC) | 32.16% | -13.16% | -0.85% | -0.85% |
| Gross Margin | 16.82% | 14.61% | 40.49% | 27.94% |
| Net Margin | 4.84% | -5.13% | -4.27% | -23.04% |
| Debt / Equity | 1.22x | 0.90x | 0.42x | 0.42x |
| Interest Coverage | 17.74x | -6.81x | - | -1.17x |
| FCF Conversion | 1.10x | 5.95x | 3.72x | 1.04x |
| Revenue Growth | 42.42% | -42.2% | -19.19% | - |
LGCB Frequently Asked Questions
Linkage Global Inc Ordinary Shares (LGCB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Linkage Global Inc Ordinary Shares (LGCB) reported $10.3M in revenue for fiscal year 2024. This represents a 33% decrease from $15.5M in 2021.
Linkage Global Inc Ordinary Shares (LGCB) saw revenue decline by 19.2% over the past year.
Linkage Global Inc Ordinary Shares (LGCB) reported a net loss of $0.4M for fiscal year 2024.
Dividend & Returns
Linkage Global Inc Ordinary Shares (LGCB) has a return on equity (ROE) of -8.4%. Negative ROE indicates the company is unprofitable.
Linkage Global Inc Ordinary Shares (LGCB) had negative free cash flow of $1.6M in fiscal year 2024, likely due to heavy capital investments.
Explore More LGCB
Linkage Global Inc Ordinary Shares (LGCB) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
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