--- title: "VenHub Global | 10-K: FY2025 Revenue: USD 864.45 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/280358958.md" datetime: "2026-03-24T18:35:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280358958.md) - [en](https://longbridge.com/en/news/280358958.md) - [zh-HK](https://longbridge.com/zh-HK/news/280358958.md) --- # VenHub Global | 10-K: FY2025 Revenue: USD 864.45 K Revenue: As of FY2025, the actual value is USD 864.45 K. EPS: As of FY2025, the actual value is USD -1.67. EBIT: As of FY2025, the actual value is USD -38.87 M. #### Segment Revenue - **Store Sales:** For the year ended December 31, 2025, store sales were $750,000, with no store sales for the year ended December 31, 2024. - **Product Sales:** For the year ended December 31, 2025, product sales were $114,450, with no product sales for the year ended December 31, 2024. - **SaaS Revenue:** No SaaS revenue was recognized for the periods presented due to introductory concessions for initial Smart Store deployments; VenHub Global, Inc. plans to recognize SaaS revenue ratably over the subscription term when charging for these services in the future. - **Maintenance Revenue:** No maintenance revenue was recognized for the periods presented as the company has not charged its initial store customers for these services to date. #### Operational Metrics - **Total Revenue:** Total revenue was $864,450 for the year ended December 31, 2025, compared to $0 for the year ended December 31, 2024. - **Cost of Goods Sold:** Total cost of goods sold was $583,760 for the year ended December 31, 2025, compared to $0 for the year ended December 31, 2024, comprising $513,778 in store costs and $69,982 in product costs for 2025. - **Gross Profit:** Gross profit was $280,690 for the year ended December 31, 2025, compared to $0 for the year ended December 31, 2024. - **Total Operating Expenses:** Total operating expenses increased by $30,677,639 or 339.6% to $39,711,655 in 2025 from $9,034,016 in 2024. - **Share-based compensation:** Increased by $27,376,793 (606.3%) to $31,891,975 in 2025 from $4,515,182 in 2024. - **Contractor expense:** Increased by $1,134,337 (158.0%) to $1,852,378 in 2025 from $718,041 in 2024. - **Payroll and compensation:** Increased by $165,000 (13.0%) to $1,435,000 in 2025 from $1,270,000 in 2024. - **Research and development:** Increased by $339,123 (38.7%) to $1,215,098 in 2025 from $875,975 in 2024. - **Legal and professional:** Increased by $675,954 (257.3%) to $938,678 in 2025 from $262,724 in 2024. - **Advertising:** Decreased by -$31,133 (-4.0%) to $740,731 in 2025 from $771,864 in 2024. - **Travel:** Increased by $339,363 (162.1%) to $548,751 in 2025 from $209,388 in 2024. - **Rent:** Increased by $349,416 (337.1%) to $453,064 in 2025 from $103,648 in 2024. - **Software:** Increased by $99,418 (134.0%) to $173,594 in 2025 from $74,176 in 2024. - **Utilities:** Increased by $74,114 (242.1%) to $104,728 in 2025 from $30,614 in 2024. - **Depreciation:** Increased by $56,364 (116.7%) to $104,643 in 2025 from $48,279 in 2024. - **Other Expenses:** Total other expenses were $22,968,198 for the year ended December 31, 2025, compared to $358,686 for the year ended December 31, 2024, including $22,287,419 in settlement expense for 2025. Interest expense was $563,069 in 2025 compared to $165,889 in 2024, and the change in fair value of convertible debt was $117,710 in 2025 compared to $192,797 in 2024. - **Net Loss:** Net loss increased by $52,931,030 to -$62,399,163 for the year ended December 31, 2025, from -$9,392,702 in 2024. #### Cash Flow - **Net Cash Used in Operating Activities:** Net cash used in operating activities was -$5,939,092 for the year ended December 31, 2025, compared to -$3,981,894 for the year ended December 31, 2024. - **Net Cash Used in Investing Activities:** Net cash used in investing activities was -$1,270,057 for the year ended December 31, 2025, compared to $0 for the year ended December 31, 2024. - **Net Cash Provided by Financing Activities:** Net cash provided by financing activities was $5,945,891 for the year ended December 31, 2025, compared to $5,288,026 for the year ended December 31, 2024. #### Unique Metrics - **Working Capital:** VenHub Global, Inc. had a negative working capital of -$9,192,737 as of December 31, 2025, compared to -$3,715,323 as of December 31, 2024. - **Inventory:** Total inventory was $1,021,947 as of December 31, 2025, compared to $900,543 as of December 31, 2024, with raw material inventory at $1,021,947 and work in progress at $0 as of December 31, 2025. - **Property and Equipment, Net:** Net property and equipment was $1,275,078 as of December 31, 2025, compared to $109,664 as of December 31, 2024, including $973,052 in net book value of capitalized company-owned store and display assets as of December 31, 2025. - **Deferred Revenue:** Deferred revenue was $1,500,000 as of December 31, 2025, compared to $0 as of December 31, 2024. - **Customer Deposits:** Customer deposits were $203,645 as of December 31, 2025, compared to $137,895 as of December 31, 2024. #### Outlook / Guidance VenHub Global, Inc. expects to fund future operations and development through debt, equity issuances, and crowdfunding, with a planned direct listing anticipated to shift capital resources towards equity financing. The company anticipates an increase in operating expenses due to expanded Smart Store deployments, product development, and organizational infrastructure build-out. Existing capital resources are currently insufficient to fund the next 12 months of operating cash requirements, capital expenditures, and contractual obligations, necessitating additional financing through equity and debt issuances. ### Related Stocks - [VHUB.US](https://longbridge.com/en/quote/VHUB.US.md) ## Related News & Research - [Mitsubishi UFJ Financial FY26 Profit Climbs, Sees Higher Profit In FY27; Lifts Dividend](https://longbridge.com/en/news/286533119.md) - [LVPAI GROUP Ltd FY 2026: Revenue $0 Net income $(30,385), EPS $(0.00) — 10-K Summary](https://longbridge.com/en/news/286806541.md) - [SoundThinking Reports Stable Risk Profile Despite Potential Emerging Risks Beyond Formal Filings](https://longbridge.com/en/news/286662685.md) - [Greenwave Technology Delays Quarterly SEC Filing](https://longbridge.com/en/news/286623944.md) - [Did EPAM’s Guidance Hike, AI Deals and Buybacks Just Shift EPAM Systems' (EPAM) Investment Narrative?](https://longbridge.com/en/news/286862667.md)