Financial Statements — VSME
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 |
|---|
| Cash & Equivalents | 7.40 | 0.55 |
| Accounts Receivable | 0.86 | 1.70 |
| Inventory | -- | 0.00 |
| Total Current Assets | 9.10 | 6.72 |
| Property, Plant & Equipment | 0.02 | 0.02 |
| Goodwill | 1.12 | -- |
| Intangible Assets | 0.91 | 0.03 |
| Total Non-current Assets | 4.15 | 0.43 |
| Total Assets | 13.25 | 7.15 |
| Accounts Payable | -- | 1.46 |
| Total Current Liabilities | 5.37 | 5.90 |
| Total Non-current Liabilities | 0.20 | 0.23 |
| Total Liabilities | 5.57 | 6.14 |
| Retained Earnings | (32.95) | (24.55) |
| Total Stockholder Equity | 7.68 | 1.01 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 |
|---|
| Total Revenue | 3.26 | 4.02 |
| Cost of Revenue | 2.37 | 3.41 |
| Gross Profit | 0.88 | 0.61 |
| Selling, General & Admin | 4.14 | 3.38 |
| Total Operating Expenses | 5.10 | 3.59 |
| Operating Income | (4.21) | (2.97) |
| Pretax Income | (4.44) | (3.34) |
| Net Income | (4.44) | (3.34) |
| Basic EPS | (0.28) | (1.15) |
| Diluted EPS | (0.28) | (1.15) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 |
|---|
| Operating Cash Flow | (2.16) | (1.04) |
| Capital Expenditures | -- | 0.00 |
| Free Cash Flow* | -- | (1.04) |
| Investing Cash Flow | -- | (0.10) |
| Financing Cash Flow | 9.05 | 0.37 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2024 |
|---|
| Dividends Per Share | 0.00 |
