Revenue plummeted to $9.7M in 2025Q4, representing a 67.8% year-over-year contraction that highlights the company's struggle to maintain market share.
| Sales/Revenue | 18.83M | 58.3M | 61.69M | 44.56M | 22.3M |
| Revenue Growth % | -67.7% | -5.48% | 38.43% | 99.86% | - |
| Cost of Goods Sold | 18.23M | 54.04M | 56.54M | 40.81M | 19.79M |
| COGS % of Revenue | 96.8% | 92.68% | 91.66% | 91.58% | 88.77% |
| Gross Profit | 602.33K | 4.27M | 5.14M | 3.75M | 2.5M |
| Gross Margin % | 3.2% | 7.32% | 8.34% | 8.42% | 11.23% |
| Gross Profit Growth % | -85.88% | -17.04% | 37.08% | 49.87% | - |
| Operating Expenses | 7.22M | 13.06M | 10.3M | 11.12M | 10.71M |
| OpEx % of Revenue | 38.33% | 22.4% | 16.69% | 24.96% | 48.04% |
| Selling, General & Admin | 7.22M | 13.06M | 10.3M | 11.12M | 10.71M |
| SG&A % of Revenue | 38.33% | 22.4% | 16.69% | 24.96% | 48.04% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.62M | -8.79M | -5.15M | -7.37M | -8.21M |
| Operating Margin % | -35.13% | -15.08% | -8.35% | -16.54% | -36.81% |
| Operating Income Growth % | 24.74% | -70.6% | 30.08% | 10.2% | - |
| EBITDA | -4.96M | -7.06M | -3.82M | -6.93M | -8.03M |
| EBITDA Margin % | -26.33% | -12.11% | -6.19% | -15.56% | -36.01% |
| EBITDA Growth % | 29.74% | -84.78% | 44.9% | 13.66% | - |
| D&A (Non-Cash Add-back) | 1.66M | 1.73M | 1.33M | 437.31K | 178.07K |
| EBIT | -6.62M | -6.18M | -4.87M | -6.42M | -8.14M |
| Net Interest Income | -594.9K | -598.8K | -294.14K | -283.52K | -25.99K |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 594.9K | 598.8K | 294.14K | 283.52K | 25.99K |
| Other Income/Expense | 1.02M | 2.02M | -9.15K | 668.86K | 40.23K |
| Pretax Income | -5.59M | -6.78M | -5.16M | -6.7M | -8.17M |
| Pretax Margin % | -29.69% | -11.62% | -8.37% | -15.04% | -36.63% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -8.46M | -6.62M | -5.15M | -6.66M | -8.04M |
| Net Margin % | -44.89% | -11.35% | -8.34% | -14.95% | -36.06% |
| Net Income Growth % | -27.79% | -28.57% | 22.74% | 17.15% | - |
| Net Income (Continuing) | -5.59M | -6.78M | -5.16M | -6.7M | -8.17M |
| Discontinued Operations | -3.02M | 0 | 0 | 0 | 0 |
| Minority Interest | -231.61K | -231.59K | -54.66K | -41.11K | -49.98K |
| EPS (Diluted) | -5.87 | -0.13 | -0.10 | -0.13 | -0.16 |
| EPS Growth % | -4415.38% | -30% | 23.08% | 18.75% | - |
| EPS (Basic) | -5.87 | -0.13 | -0.10 | -0.13 | -0.16 |
| Diluted Shares Outstanding | 1.44M | 50.01M | 50.01M | 50.01M | 50.01M |
| Basic Shares Outstanding | 1.44M | 50.01M | 50.01M | 50.01M | 50.01M |
| Dividend Payout Ratio | - | - | - | - | - |
Liquidity and scale collapse
As indicated by the most recent quarterly filings, WBUY experienced a 67.8% year-over-year revenue decline, plummeting to $9.7M from previous highs, which suggests a fundamental breakdown in the company's community-buying model and a potential loss of critical market share across its core operating regions.
The sharp drop in top-line performance implies that the company's decentralized demand aggregation strategy may be failing to retain its user base. Investors should monitor whether this contraction is a strategic pivot to shed unprofitable volume or an involuntary retreat caused by competitive pressures from larger, better-capitalized platforms.
Based on historical income statements, WBUY's gross margin has fluctuated wildly between 1.4% and 11.6%, highlighting a lack of pricing power and an inability to consistently pass through procurement costs in the highly competitive specialty retail and fresh produce segments of the Southeast Asian market.
The razor-thin margins suggest that the company operates as a pass-through entity with minimal value-add, leaving it highly vulnerable to commodity price spikes. The recent expansion to 11.6% in 2025Q4 appears anomalous and warrants further investigation to determine if it reflects a sustainable shift in product mix or temporary accounting adjustments.
According to reported financial data, WBUY has struggled to achieve operating leverage, as evidenced by persistent operating losses that frequently exceeded gross profit, suggesting that the company's fixed overhead structure is currently misaligned with its significantly reduced revenue base and overall scale of operations.
The inability to scale operating income alongside revenue suggests that the company's administrative and marketing expenses are too rigid for its current business model. Unless management can drastically reduce fixed costs, the path to sustainable profitability appears increasingly narrow given the current trajectory of the business.
While the 2025Q4 report shows a positive net income of $2.2M, a review of the income statement suggests this may be an outlier, as the company has historically struggled with deep operating losses and a negative net margin profile throughout the majority of the observed ten-quarter period.
Short-sellers would likely focus on the lack of consistent operational performance and the potential for one-time items to have inflated the most recent quarterly results. Investors should remain skeptical of this sudden turnaround until multiple quarters of sustained, organic profitability are demonstrated.
Quick answers to the most common questions about buying WBUY stock.
For fiscal year 2025, WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) reported total revenue of $18.8M. This represents a 15.5% decline compared to $22.3M in 2021.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) reported a net loss of $8.5M for the fiscal year ending 2025.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) reported an operating income of $-6.6M, resulting in an operating profit margin of -35.1%. This margin reflects the operational efficiency of the business before interest and taxes.
WEBUY GLOBAL Ltd. Ordinary Shares (WBUY) generated $0.6M in gross profit for the year, representing a gross profit margin of 3.2%. This demonstrates the company's core pricing power and production efficiency.