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VSA logoVisionSys AI Inc.(VSA)Earnings, Financials & Key Ratios

VSA•NASDAQ
0.0× P/E·Price updated Jun 19, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryK-12 Schools and Early Childhood
AboutTCTM Kids IT Education Inc., through its subsidiaries, engages in the provision of IT-focused education services in Mainland China. It offers supplementary science, technology, engineering, and mathematics (STEM) education programs to young children aged between three and eighteen through online teaching models and instructors from online or offline learning centers. The company also operates an education platform that offers distance instruction, classroom-based learning, and online learning modules. In addition, it operates 61it.cn, an online platform to facilitate the live instruction of STEM education courses; and Tongcheng Online App. The company was formerly known as Tarena International, Inc. and changed its name to TCTM Kids IT Education Inc. in February 2024. TCTM Kids IT Education Inc. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.Show more
  • Revenue$1M-99.9%
  • EBITDA-$36M+90.4%
  • Net Income$1.72B+393.1%
  • EPS (Diluted)554232.00+1045820.8%
  • Gross Margin22.04%-39.1%
  • EBITDA Margin-3481.04%-10696.7%
  • Operating Margin-3848.03%-8797.6%
  • Net Margin165436.86%+330345.6%
  • ROE1673.01%

VSA Key Insights

VisionSys AI Inc. (VSA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 1673.0%
  • ✓Share count reduced 93.0% through buybacks
  • ✓Healthy 5Y average net margin of 33071.0%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Sales declining 77.7% over 5 years
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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VSA Price & Volume

VisionSys AI Inc. (VSA) stock price & volume — 10-year historical chart

Loading chart...

VSA Growth Metrics

VisionSys AI Inc. (VSA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-50.51%
5 Years-77.73%
3 Years-90.95%
TTM-

Profit CAGR

10 Years25.4%
5 Years-
3 Years174.04%
TTM-

EPS CAGR

10 Years184.6%
5 Years-
3 Years4148%
TTM-

Return on Capital

10 Years-78.62%
5 Years-38.91%
3 Years-38.91%
Last Year-38.91%

VSA Peer Comparison

VisionSys AI Inc. (VSA) competitors in K-12 Schools and Early Childhood — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
COE logoCOE51Talk Online Education GroupDirect Competitor1.55M15.62-0.0989.09%-16.46%
GOTU logoGOTUGaotu Techedu Inc.Direct Competitor598.53M1.65-13.2834.99%-5.26%-20.84%0.47
TAL logoTALTAL Education GroupProduct Competitor621.37M9.197.2951.22%6.45%4.72%0.09
EDU logoEDUNew Oriental Education & Technology Group Inc.Product Competitor7.16B45.0219.5713.6%7.37%9.09%0.20
DAO logoDAOYoudao, Inc.Product Competitor1.42B12.0590.535.03%1.82%
FEDU logoFEDUFour Seasons Education (Cayman) Inc.Product Competitor2.09M9.8617.55100.15%0.32%0.16%0.19
LSPD logoLSPDLightspeed Commerce Inc.Supply Chain1.3B9.40-9.1313.95%-11.79%-9.59%0.01
DUOL logoDUOLDuolingo, Inc.Supply Chain5.85B125.5614.6538.71%38.44%33.63%0.07

Compare VSA vs Peers

VisionSys AI Inc. (VSA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COE

Most directly comparable listed peer for VSA.

Scale Benchmark

vs EDU

Larger-name benchmark to compare VSA against a more recognizable public peer.

Peer Set

Compare Top 5

vs COE, GOTU, TAL, EDU

VSA Income Statement

VisionSys AI Inc. (VSA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue
1.75B2.09B2.05B1.9B1.24B1.4B1.38B1.17B1.04M
Revenue Growth %
15.37%18.91%-1.63%-7.48%-34.86%13.23%-1.76%-14.86%-99.91%
Cost of Goods Sold
592.95M918.55M1.17B1.07B795.67M728.42M750.84M747.16M810K
COGS % of Revenue
33.81%44.05%57.22%56.21%64.36%52.04%54.6%63.81%77.96%
Gross Profit
1.16B▲ 0%
1.17B▲ 0.5%
877.52M▼ 24.8%
831.04M▼ 5.3%
440.6M▼ 47.0%
671.43M▲ 52.4%
624.35M▼ 7.0%
423.7M▼ 32.1%
229K▼ 99.9%
Gross Margin %
66.19%55.95%42.78%43.79%35.64%47.96%45.4%36.19%22.04%
Gross Profit Growth %
7.82%0.52%-24.79%-5.3%-46.98%52.39%-7.01%-32.14%-99.95%
Operating Expenses
1.16B1.76B1.98B1.64B837.25M697.78M610.9M930.07M40.21M
OpEx % of Revenue
66.26%84.47%96.31%86.28%67.72%49.85%44.42%79.44%3870.07%
Selling, General & Admin
1.06B1.59B1.84B1.54B796.94M677.53M599.25M910.97M40.21M
SG&A % of Revenue
60.56%76.45%89.84%80.98%64.46%48.4%43.58%77.8%3870.07%
Research & Development
100.03M167.25M132.67M100.47M40.31M20.25M11.65M19.1M0
R&D % of Revenue
5.7%8.02%6.47%5.29%3.26%1.45%0.85%1.63%-
Other Operating Expenses
000000000
Operating Income
-1.27M▲ 0%
-594.63M▼ 46647.8%
-1.1B▼ 84.7%
-806.38M▲ 26.6%
-396.65M▲ 50.8%
-26.35M▲ 93.4%
13.45M▲ 151.0%
-506.37M▼ 3864.6%
-39.98M▲ 92.1%
Operating Margin %
-0.07%-28.51%-53.53%-42.49%-32.08%-1.88%0.98%-43.25%-3848.03%
Operating Income Growth %
-100.57%-46647.8%-84.68%26.57%50.81%93.36%151.04%-3864.57%92.1%
EBITDA
99.49M-435.88M-685.04M-458.88M-175.35M178.23M181.63M-377.5M-36.17M
EBITDA Margin %
5.67%-20.9%-33.39%-24.18%-14.18%12.73%13.21%-32.24%-3481.04%
EBITDA Growth %
-66.4%-538.11%-57.16%33.01%61.79%201.64%1.91%-307.84%90.42%
D&A (Non-Cash Add-back)
100.76M158.76M413.12M347.5M221.29M204.58M168.18M128.87M3.81M
EBIT
-1.27M-594.63M-1.1B-806.38M-392.84M-16.57M14.36M-503.86M-40.03M
Net Interest Income
16.1M26.2M15.86M-199K2.61M1.96M1.09M-78K0
Interest Income
16.1M26.2M15.86M02.61M1.96M1.09M00
Interest Expense
000199K00078K0
Other Income/Expense
26.52M-2.43M17.72M153K3.81M9.79M911K2.44M-52K
Pretax Income
25.24M▲ 0%
-597.06M▼ 2465.3%
-1.08B▼ 81.0%
-806.23M▲ 25.4%
-392.84M▲ 51.3%
-16.57M▲ 95.8%
14.36M▲ 186.7%
-503.94M▼ 3608.8%
-40.03M▲ 92.1%
Pretax Margin %
1.44%-28.63%-52.67%-42.48%-31.78%-1.18%1.04%-43.04%-3853.03%
Income Tax
25.39M-4.87M-41.56M-35.03M116.45M-14.5M-7.97M31.49M0
Effective Tax Rate %
100.58%0.81%3.85%4.35%-29.64%87.55%-55.51%-6.25%0%
Net Income
-147K▲ 0%
-590.17M▼ 401378.9%
-1.04B▼ 75.6%
-766.64M▲ 26.0%
-474.55M▲ 38.1%
83.52M▲ 117.6%
8.93M▼ 89.3%
-586.54M▼ 6671.2%
1.72B▲ 393.1%
Net Margin %
-0.01%-28.3%-50.51%-40.39%-38.39%5.97%0.65%-50.1%165436.86%
Net Income Growth %
-100.06%-401378.91%-75.56%26.01%38.1%117.6%-89.31%-6671.16%393.05%
Net Income (Continuing)
-147K-592.2M-1.04B-771.19M-509.29M-2.06M22.33M-535.43M-40.03M
Discontinued Operations
000033.51M87.3M-11.98M-51.67M1.76B
Minority Interest
0-975K-3.02M-7.27M-8.5M-6.79M-3.57M-737K0
EPS (Diluted)
15.50▲ 0%
-54.25▼ 450.0%
-97.05▼ 78.9%
-70.55▲ 27.3%
-42.15▲ 40.3%
7.23▲ 117.2%
0.78▼ 89.2%
-53.00▼ 6894.9%
554232.00▲ 1045820.8%
EPS Growth %
-24.39%-450%-78.89%27.31%40.26%117.15%-89.21%-6894.87%1045820.75%
EPS (Basic)
16.25-54.25-97.05-70.55-42.157.640.83-54.44554232.00
Diluted Shares Outstanding
11.92M10.99M10.68M10.87M11.25M11.55M11.07M11.07M775.35K
Basic Shares Outstanding
11.37M10.99M10.68M10.87M11.25M10.93M10.77M10.77M775.35K
Dividend Payout Ratio
---------

VSA Balance Sheet

VisionSys AI Inc. (VSA) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets
1.33B925.57M801.25M536.25M619.33M667.55M560.6M56.21M55.13M
Cash & Short-Term Investments
1.12B689.57M620.78M326.44M430.02M198.53M220.99M15.3M53.45M
Cash Only
686.69M530.98M537.7M320.18M423.77M198.53M220.69M15.3M53.45M
Short-Term Investments
432.54M158.59M83.08M6.26M6.26M0300K00
Accounts Receivable
83.78M90.18M68.09M53.52M49.3M92K44K-43.14M0
Days Sales Outstanding
17.4415.7812.1110.2914.550.020.01--
Inventory
01.77M5.33M4.63M5.87M0010.47M0
Days Inventory Outstanding
-0.71.661.582.69--5.12-
Other Current Assets
27.22M32.12M27.43M66.13M72.95M468.93M339.56M33.97M0
Total Non-Current Assets
684.91M952.47M1.71B1.42B1.02B669.95M457.65M44.41M51.43M
Property, Plant & Equipment
547.03M687.59M1.42B1.11B852.35M353.57M328.64M21.59M0
Fixed Asset Turnover
3.21x3.03x1.44x1.71x1.45x3.96x4.18x54.23x-
Goodwill
3.37M52.78M52.78M52.78M52.78M49.42M49.42M00
Intangible Assets
4.75M19.05M17.67M13.44M9.91M7.03M5.29M051.43M
Long-Term Investments
77.67M60.17M68.18M67.59M46.57M46.29M41.86M22.82M0
Other Non-Current Assets
46.47M79.13M52.13M33.95M19.84M195.01M3.97M-44.41M0
Total Assets
2.02B▲ 0%
1.88B▼ 7.0%
2.51B▲ 33.8%
1.96B▼ 22.0%
1.64B▼ 16.2%
1.34B▼ 18.5%
1.02B▼ 23.9%
100.62M▼ 90.1%
106.56M▲ 5.9%
Asset Turnover
0.87x1.11x0.82x0.97x0.75x1.05x1.35x11.64x0.01x
Asset Growth %
-3.19%-6.95%33.76%-22%-16.2%-18.53%-23.87%-90.12%5.91%
Total Current Liabilities
744.59M1.3B2.37B2.67B2.94B2.66B2.41B1.81B3.82M
Accounts Payable
11.35M18.53M16.56M10.29M8.91M5.26M4.99M5.97M0
Days Payables Outstanding
6.997.365.153.524.092.642.422.92-
Short-Term Debt
013.73M89.16M10.71M30M30M026.29M0
Deferred Revenue (Current)
352.26M830.02M1.55B1.99B2.08B1.47B1.44B1.36B0
Other Current Liabilities
108.3M84.79M114.16M111.93M200.45M894.29M759.96M184.48M0
Current Ratio
1.79x0.71x0.34x0.20x0.21x0.25x0.23x0.03x14.43x
Quick Ratio
1.79x0.71x0.34x0.20x0.21x0.25x0.23x0.03x14.43x
Cash Conversion Cycle
-9.138.628.3513.16----
Total Non-Current Liabilities
4.33M5.98M545.75M429.39M294.12M187.24M108.24M91.41M0
Long-Term Debt
000000000
Capital Lease Obligations
00508.81M406.25M272.57M109.11M107.8M91.41M0
Deferred Tax Liabilities
000000000
Other Non-Current Liabilities
4.33M5.98M5.4M5.08M4.77M64.07M433K-91.41M0
Total Liabilities
748.92M1.31B2.92B3.1B3.23B2.84B2.52B1.9B3.82M
Total Debt
013.73M839.68M616.04M542.51M287.69M219.64M223.2M0
Net Debt
-686.69M-517.26M301.98M295.87M118.75M89.17M-1.04M207.9M-53.45M
Debt / Equity
-0.02x-------
Debt / EBITDA
-----1.61x1.21x--
Net Debt / EBITDA
-6.90x----0.50x-0.01x--
Interest Coverage
----4052.16x----6459.73x-
Total Equity
1.27B▲ 0%
571.64M▼ 55.0%
-403.06M▼ 170.5%
-1.14B▼ 182.7%
-1.59B▼ 39.8%
-1.51B▲ 5.4%
-1.5B▲ 0.4%
-1.8B▼ 20.1%
102.74M▲ 105.7%
Equity Growth %
-20.57%-54.97%-170.51%-182.65%-39.78%5.38%0.35%-20.13%105.7%
Book Value per Share
106.5052.03-37.75-104.83-141.52-130.49-135.66-162.97132.51
Total Shareholders' Equity
1.27B572.62M-400.05M-1.13B-1.58B-1.5B-1.5B-1.8B102.74M
Common Stock
401K405K411K423K429K433K438K444K4.03M
Retained Earnings
389.97M-243.16M-1.28B-2.05B-2.52B-2.44B-2.43B-3.01B-1.3B
Treasury Stock
-255.1M-457.17M-457.17M-459.81M-459.81M-476.92M-479.35M-486.71M-486.71M
Accumulated OCI
39.37M50.47M51.39M49.12M48.7M49.66M48.22M54.27M54.85M
Minority Interest
0-975K-3.02M-7.27M-8.5M-6.79M-3.57M-737K0

VSA Cash Flow Statement

VisionSys AI Inc. (VSA) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
301.7M163.08M-31.73M-108.82M8.61M-27.53M-118.94M-121.45M-188.1M
Operating CF Margin %
17.2%7.82%-1.55%-5.73%0.7%-1.97%-8.65%-10.37%-18104.33%
Operating CF Growth %
-39.18%-45.95%-119.46%-242.96%107.91%-419.72%-332.05%-2.12%-54.88%
Net Income
-147K-592.2M-1.04B-771.19M-509.29M-2.06M22.33M-535.43M-40.03M
Depreciation & Amortization
100.76M158.76M413.12M347.5M221.29M204.58M168.18M128.87M3.81M
Stock-Based Compensation
77.42M124.25M59.17M36.25M14.11M11.38M2.74M1.34M0
Deferred Taxes
-1.17M-46.59M-46.04M-42.43M115.79M-18.3M-9.84M28.04M0
Other Non-Cash Items
17.06M33.87M7.73M22.13M79M-29.81M-133.88M378.05M-144.3M
Working Capital Changes
107.78M485M573.16M298.93M87.7M-193.32M-168.47M-122.33M-7.58M
Change in Receivables
-32.43M3M17.59M-8.03M-708K45K29K11.35M0
Change in Inventory
0-971K-3.55M699K00000
Change in Payables
-196K-390K55K821K-283K1.08M-531K7.16M0
Cash from Investing
-236.54M-91.98M-51.22M-657K33.69M-22.71M72.05M-91.04M-76.45M
Capital Expenditures
-176.82M-276.25M-161.28M-79.41M-46.91M-29.4M-34.71M-65.55M-76.26M
CapEx % of Revenue
10.08%13.25%7.86%4.18%3.79%2.1%2.52%5.6%7339.94%
Acquisitions
0-46.28M0000000
Investments
---------
Other Investing
-24.06M-34.06M35M5.52M80.61M6.69M107.05M-25.79M-190K
Cash from Financing
-184.22M-222.68M74.4M-68.3M23.24M-2.1M-35.78M10.84M139.53M
Debt Issued (Net)
013.23M75.37M-71.95M19.29M0-30M26.29M0
Equity Issued (Net)
-143.39M-196.96M-5.06M03.95M-17.1M-2.43M-7.36M185.82M
Dividends Paid
-63.09M-42.95M0000000
Share Repurchases
-143.39M-196.96M-5.06M00-17.1M-2.43M-7.36M0
Other Financing
22.25M4M4.08M3.65M3.95M15M-3.35M-8.09M-46.29M
Net Change in Cash
-123.98M▲ 0%
-141.01M▼ 13.7%
-7.98M▲ 94.3%
-179.15M▼ 2144.2%
65.47M▲ 136.5%
-50.05M▼ 176.4%
-84.11M▼ 68.0%
-201.56M▼ 139.6%
-33.3M▲ 83.5%
Free Cash Flow
124.89M▲ 0%
-113.17M▼ 190.6%
-193M▼ 70.5%
-188.24M▲ 2.5%
-38.3M▲ 79.7%
-56.93M▼ 48.6%
-153.64M▼ 169.9%
-187.01M▼ 21.7%
-264.37M▼ 41.4%
FCF Margin %
7.12%-5.43%-9.41%-9.92%-3.1%-4.07%-11.17%-15.97%-25444.27%
FCF Growth %
11.14%-190.62%-70.54%2.47%79.65%-48.64%-169.89%-21.71%-41.37%
FCF per Share
10.48-10.30-18.08-17.32-3.40-4.93-13.88-16.90-340.96
FCF Conversion (FCF/Net Income)
-2052.41x-0.28x0.03x0.14x-0.02x-0.33x-13.32x0.21x-0.11x
Interest Paid
166K163K419K4.95M463K1.34M626K473K0
Taxes Paid
9.62M37.22M6.65M615K045K229K837K0

VSA Key Ratios

VisionSys AI Inc. (VSA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)
15.4%-0.01%-64.11%-1229.2%-----1673.01%
Return on Invested Capital (ROIC)
20.7%-0.14%-139.98%-------
Gross Margin
70.83%66.19%55.95%42.78%43.79%35.64%47.96%45.4%36.19%22.04%
Net Margin
14.88%-0.01%-28.3%-50.51%-40.39%-38.39%5.97%0.65%-50.1%165436.86%
Debt / Equity
--0.02x-------
Interest Coverage
-----4052.16x----6459.73x-
FCF Conversion
2.19x-2052.41x-0.28x0.03x0.14x-0.02x-0.33x-13.32x0.21x-0.11x
Revenue Growth
29.03%15.37%18.91%-1.63%-7.48%-34.86%13.23%-1.76%-14.86%-99.91%
Related:VSA Dividend History·VSA Revenue History·VSA Price History·VSA P/E History·VSA Financial Ratios·VSA Institutional Holders

VSA Frequently Asked Questions

VisionSys AI Inc. (VSA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

VisionSys AI Inc. (VSA) reported $1.0M in revenue for fiscal year 2025. This represents a 100% decrease from $354.7M in 2012.

VisionSys AI Inc. (VSA) saw revenue decline by 99.9% over the past year.

Yes, VisionSys AI Inc. (VSA) is profitable, generating $1.72B in net income for fiscal year 2025 (165436.9% net margin).

Dividend & Returns

VisionSys AI Inc. (VSA) has a return on equity (ROE) of 1673.0%. This is excellent, indicating efficient use of shareholder capital.

VisionSys AI Inc. (VSA) had negative free cash flow of $264.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VSA back in 2012?

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