BIYA Baiya International Group Inc.

Overview and Growth

In fiscal 2025, Baiya International Group Inc. recorded $16.48M of revenue, net loss of $9.53M, and an operating cash outflow of $7.44M. Revenue of $16.48M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $12.81M in fiscal 2024, revenue recorded a 28.6% year-over-year increase. On a per-share basis, diluted EPS was -$5.04, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 1.89M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 373.2% higher than fiscal 2024, when diluted shares averaged 400.00K, adding context to the EPS comparison. Total assets stood at $27.83M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.59x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.90M as gross profit before recognizing operating expenses and other items. Gross profit represented 11.5% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $9.58M, reflecting costs that exceeded gross profit. The operating loss equaled 58.1% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $9.53M after operating, financing, tax, and other recognized items. The net loss equaled 57.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $9.58M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Income tax expense totaled $19.05K, providing the reported tax component that separates pretax and after-tax earnings. The loss-to-equity relationship was 41.3%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 34.2%. Compared with a $8.75K net loss in fiscal 2024, the current loss increased to $9.53M.

Liquidity and Capital Structure

Total assets were $27.83M, supported by $4.76M of liabilities and $23.07M of shareholder equity. The near-term balance sheet paired $26.35M of current assets with $4.76M of current liabilities at the reporting date. Current assets covered current liabilities by 5.54x, leaving a positive buffer for near-term obligations. The company held $688.94K in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 14.5% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 82.9% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 17.1%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 2.5%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 462.1% higher than fiscal 2024 assets of $4.95M, measuring the company’s own balance-sheet change. The reported cash balance changed 58.7% from $1.67M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $7.44M, showing that operations absorbed cash during the period. The company spent $5.52K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $7.44M cash deficit after capital spending. The free-cash-flow deficit equaled 45.2% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 26.7% of total assets, placing the cash shortfall against the company’s resource base. A current operating cash outflow of $7.44M replaced the $1.58M inflow reported in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Nov 4, 2026.