← WiMi Hologram Cloud Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $151.9m | $129.0m | $355.0m | $751.9m | $572.8m | $338.2m | $1.1b | $1.3b | |
| Short-term investments | — | — | $32.9m | $33.5m | $38.4m | $435.7m | $847.9m | $2.1b | |
| Accounts receivable, net | $46.8m | $36.1m | $172.6m | $26.2m | $20.3m | $23.7m | $23.7m | $43.6m | |
| Prepaid services fees | $845k | $1.2m | $31.7m | $29.1m | $31.0m | $48.7m | $53.3m | $77.1m | |
| Other receivables and prepaid expenses, net | $3.0m | $6.1m | $35.7m | $6.0m | $5.1m | $10.5m | $17.8m | $25.3m | |
| Prepaid expenses and deposits | — | $1.2m | $2.3m | $1.5m | $1.4m | $69.1m | $17k | — | |
| Total current assets | $213.3m | $177.5m | $616.4m | $907.8m | $670.1m | $857.7m | $2.0b | $3.5b | |
| Long-term investments | — | — | — | — | $170.6m | $11.5m | $11.2m | $11.2m | |
| Property and equipment, net | $1.3m | $769k | $729k | $24.8m | $24.1m | $92.1m | $125.8m | $72.8m | |
| Operating lease right-of-use assets | — | — | $1.5m | $3.3m | $1.5m | $539k | $1.6m | $918k | |
| Deferred tax assets | — | — | — | — | — | $988k | $440k | $443k | |
| Deferred revenues | $587k | $504k | $10.5m | $21.9m | $11.2m | $10.4m | $3.6m | $7.3m | |
| Bank loans | — | — | $13.0m | — | — | $13.5m | $15.0m | $30.0m | |
| Operating lease liabilities - current | — | — | — | — | $1.4m | $432k | $804k | $684k | |
| Convertible notes payable | — | — | — | — | — | — | $109.1m | $184.7m | |
| Taxes payable | $10.7m | $9.7m | $11.5m | $6.4m | $5.4m | $7.4m | $14.9m | $18.7m | |
| Amount due to related party – noncurrent | — | — | — | — | — | $36.0m | $22.6m | $22.6m | |
| Operating lease liabilities - noncurrent | — | — | $640k | $1.4m | $214k | — | $697k | $241k | |
| Accumulative deficit | $129.5m | $229.2m | $76.2m | ($164.3m) | ($518.0m) | ($940.3m) | ($863.7m) | ($554.7m) | |
| Statutory reserves | $19.6m | $22.2m | $24.0m | $28.6m | $24.5m | $25.6m | $20.7m | $20.9m | |
| Total non-current assets | $392.9m | $385.2m | $555.3m | $572.4m | $566.1m | $173.3m | $139.1m | $85.4m | |
| Total other liabilities | $242.7m | $18.7m | $31.2m | $73.8m | $1.9m | $36.0m | $23.3m | $22.8m | |
| Total shareholders’ equity | $318.9m | $422.7m | $997.2m | $1.3b | $1.1b | $753.0m | $999.2m | $2.2b | |
| Total equity | — | $422.7m | $1.0b | $1.3b | $1.1b | $761.5m | $1.4b | $2.7b | |
| TOTAL ASSETS | $607.5m | $563.5m | $1.2b | $1.5b | $1.3b | $1.0b | $2.2b | $3.6b | |
| Accounts payable | $33.0m | $38.7m | $27.4m | $28.0m | $25.3m | $30.2m | $27.8m | $35.1m | |
| Other payables and accrued liabilities | $1.4m | $2.3m | $5.1m | $13.7m | $1.1m | $170.5m | $572.9m | $644.6m | |
| Total current liabilities | $45.8m | $122.1m | $132.2m | $91.8m | $109.1m | $233.5m | $744.1m | $921.0m | |
| Total liabilities | $288.6m | $140.8m | $163.4m | $165.6m | $111.0m | $269.5m | $767.4m | $943.9m | |
| Common stock value | $65k | $65k | $13k | $13k | $13k | $131k | $131k | $253k | |
| Additional paid-in capital | $168.2m | $168.2m | $932.4m | $1.5b | $1.6b | $1.6b | $1.8b | $2.8b | |
| Accumulated other comprehensive income (loss) | $1.5m | $3.1m | ($35.4m) | ($55.0m) | ($7.6m) | $59.5m | $5.6m | ($64.5m) | |
| NONCONTROLLING INTERESTS | $11.8m | $75.4m | $97.9m | $8.6m | $385.8m | $455.4m | |||
| Total liabilities and shareholders’ equity | $607.5m | $563.5m | $1.2b | $1.5b | $1.3b | $1.0b | $2.2b | $3.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.