Wah Fu Education Group Ltd. income statement WAFU

Annual Quarterly

In fiscal 2026, which ended Mar 31, 2026, Wah Fu Education Group Ltd. reported revenue of $6.4 million, up 2.7% from the year before. It recorded a net loss of $1.1 million. The operating loss came to $855,794, an operating margin of -13.5%. Diluted earnings per share were -$0.25. Across the 8 fiscal years shown, revenue grew from $5.4 million in fiscal 2019 to $6.4 million in fiscal 2026, about 2.5% a year.

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

Line	FY 2026 Mar 31, 2026	FY 2025 Mar 31, 2025	FY 2024 Mar 31, 2024	FY 2023 Mar 31, 2023	FY 2022 Mar 31, 2022	FY 2021 Mar 31, 2021	FY 2020 Mar 31, 2020	FY 2019 Mar 31, 2019
Revenue	6 +2.7%	6 -14.4%	7 -32.4%	11 -6.8%	11 +34.7%	9 +51.1%	6 +5.2%	5
Cost of revenue	4 +25.1%	4 -14.7%	4 -15.5%	5 -16.5%	6 +50.7%	4 +18.0%	3 +18.8%	3
Gross profit	2 -28.3%	3 -13.8%	3 -47.4%	6 +4.1%	5 +20.9%	5 +100.8%	2 -10.1%	3
Selling, general and administrative	1 +21.2%	1 -73.6%	3 -12.1%	4 -16.9%	4 +29.0%	3 -10.3%	4 +2.1%	4
Operating income	-1 -118.1%	-0 -63.2%	-0 -112.0%	2 +93.3%	1 -4.6%	1 +169.4%	-2 -26.9%	-1
Interest income	0 -53.8%	0 +9.2%	0 +11.5%	0 +14.0%	0 -3.9%	0 -6.1%	0 +6.9%	0
Gain (loss) on investments	-0 -113.5%	-0 +83.5%	—	-0	—	—	—	—
Other non-operating income (expense)	-0 +62.5%	-0 +73.4%	-0 -3429.6%	-0 +78.8%	-0 -26.2%	-0 -335.5%	0	—
Pretax income	-1 -196.6%	-0 -10.9%	-0 -111.7%	2 +84.2%	1 -5.0%	1 +184.1%	-1 -28.1%	-1
Income tax	0 +20.9%	0 -23.5%	0 -69.6%	0 +80.2%	0 +32.5%	0 -15.1%	0 +319.5%	-0
Net income	-1 -137.6%	-0 -741.6%	-0 -106.1%	1 +21.9%	1 +9.3%	1 +141.4%	-2 -73.4%	-1
Basic EPS	-0.25 -127.3%	-0.11 -1000.0%	-0.01 -105.0%	0.20 +17.6%	0.17	—	—	—
Diluted EPS	-0.25 -127.3%	-0.11 -1000.0%	-0.01 -105.0%	0.20 +17.6%	0.17	—	—	—
Weighted average shares, basic	3 -28.4%	4 -7.8%	4 -0.2%	4	—	—	—	—
Weighted average shares, diluted	3 -28.4%	4 -7.8%	4 -0.2%	4	—	—	—	—
Other measures
Depreciation and amortization	0 -31.5%	0 -27.9%	0 -29.6%	0 -1.7%	0 -8.2%	0 +18.4%	0 +25.9%	0
EBITDA	-1 -162.2%	-0 -160.1%	-0 -105.3%	2 +79.4%	1 -5.2%	1 +191.5%	-1 -27.0%	-1
Margins
Gross margin	29.08%	41.65%	41.41%	53.19%	47.59%	53.06%	39.92%	46.73%
Operating margin	-13.47%	-6.34%	-3.33%	18.82%	9.07%	12.81%	-27.87%	-23.12%
Pretax margin	-12.73%	-4.41%	-3.41%	19.67%	9.95%	14.10%	-25.34%	-20.82%
Profit margin	-17.40%	-7.52%	-0.77%	8.47%	6.48%	7.98%	-29.11%	-17.66%
EBITDA margin	-12.50%	-4.90%	-1.61%	20.46%	10.63%	15.10%	-24.95%	-20.67%
Effective tax rate	—	—	—	20.47%	20.93%	15.01%	—	—

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: WAFU (Nasdaq)
Fiscal year ends: March 31
Incorporated in: Virgin Islands, British
Headquarters: Beijing
SEC filer status: Non-accelerated filer
SEC CIK: 1716770
Former names: Wah Fu Education Group Ltd (until Jul 30, 2026)

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