VisionSys AI Inc income statement VSA

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, VisionSys AI Inc reported revenue of $149,000, down 99.9% from the year before. Net income was $245.8 million, a profit margin of 164963.8%. The operating loss came to $5.7 million, an operating margin of -3836.9%. Across the 9 fiscal years shown, revenue shrank from $136.2 million in fiscal 2014 to $149,000 in fiscal 2025, about 57.4% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2015
Dec 31, 2015
FY 2014
Dec 31, 2014
Revenue
0
-99.9%
160
-17.2%
194
-45.9%
358
-4.4%
374
+28.8%
291
-1.3%
295
189
+38.9%
136
Cost of revenue
0
-99.9%
102
-3.2%
106
-30.9%
153
-18.8%
189
+15.3%
164
-3.0%
169
54
+37.1%
39
Gross profit
0
-99.9%
58
-34.0%
88
-57.0%
205
+10.1%
186
+46.0%
127
+1.0%
126
136
+39.6%
97
Research and development
—
3
+59.5%
2
-84.3%
10
-37.3%
17
+8.1%
15
-19.2%
19
8
+49.0%
5
Selling, general and administrative
6
-95.4%
125
+47.9%
84
-53.3%
181
-20.4%
227
-3.5%
236
-11.0%
265
102
+40.9%
73
Operating expenses
6
-95.5%
127
+48.1%
86
-55.0%
191
-21.6%
244
-2.8%
251
-11.6%
284
110
+41.5%
78
Operating income
-6
+91.8%
-69
-3760.8%
2
-86.0%
13
+123.3%
-58
+53.1%
-124
+21.7%
-158
25
+32.1%
19
Pretax income
-6
+91.7%
-69
-3512.7%
2
-86.8%
15
+127.1%
-57
+54.1%
-124
+20.4%
-155
29
+8.3%
27
Income tax
—
4
+484.1%
-1
-137.2%
3
-83.1%
18
+433.4%
-5
+10.1%
-6
1
-73.5%
2
Net income
246
—
—
—
—
—
—
—
24
Basic EPS
—
—
—
1.11
+184.1%
-1.32
+38.9%
-2.16
+22.6%
-2.79
0.53
+3.9%
0.51
Diluted EPS
—
—
—
1.05
+179.5%
-1.32
+38.9%
-2.16
+22.6%
-2.79
0.49
+11.4%
0.44
Weighted average shares, basic
194
+287.4%
50
-7.1%
54
-1.4%
55
-2.9%
56
+3.5%
54
+1.8%
53
-2.8%
54
+30.4%
41
Weighted average shares, diluted
194
+287.4%
50
-7.1%
54
-6.7%
58
—
54
+1.8%
53
-2.8%
59
+23.0%
48
Other measures
Depreciation and amortization
1
-90.3%
6
-14.7%
7
-51.6%
14
-30.7%
20
-27.7%
27
-2.8%
28
9
+24.8%
7
EBITDA
-5
+91.9%
-64
-850.1%
8
-68.7%
27
+170.9%
-38
+60.3%
-96
+25.7%
-130
34
+30.1%
26
Interest coverage
—
—
—
—
—
—
—
—
3,212.42x
Margins
Gross margin
22.15%
36.19%
45.40%
57.21%
49.66%
43.79%
42.78%
71.68%
71.31%
Operating margin
-3,836.91%
-43.25%
0.98%
3.77%
-15.47%
-42.49%
-53.53%
13.39%
14.07%
Pretax margin
-3,842.28%
-43.04%
1.04%
4.30%
-15.16%
-42.48%
-52.67%
15.51%
19.89%
Profit margin
164,963.76%
—
—
—
—
—
—
—
17.70%
EBITDA margin
-3,471.14%
-39.74%
4.39%
7.58%
-10.22%
-33.14%
-44.04%
18.05%
19.27%
Effective tax rate
—
—
-55.51%
19.64%
—
—
—
2.17%
8.88%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Services-Educational Services (SIC 8200)
Listed as
VSA (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
Yanjiao, Sanhe City
SEC filer status
Non-accelerated filer
SEC CIK
1592560
Former names
TCTM Kids IT Education Inc. (until Sep 19, 2025); Tarena International, Inc. (until Feb 20, 2024)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.