DXST Decent Holding Inc.

Overview and Growth

In fiscal 2025, Decent Holding Inc. recorded $12.95M of revenue, net loss of $322.20K, and an operating cash outflow of $3.46M. Revenue of $12.95M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 12.2% from $11.54M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were -$0.02, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 114.3% decrease from fiscal 2024 diluted EPS of $0.14. The company employed $17.18M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.75x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $3.39M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 26.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $138.58K after the reported operating expense base. Relative to revenue, the operating deficit measured 1.1%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $322.20K for the fiscal year. Net margin was -2.5%, reflecting a loss equal to 2.5% of reported revenue. The company reported a pretax loss of $119.30K, before the effect of income taxes. Pretax margin was -0.9%, reflecting a pre-tax loss equal to 0.9% of revenue. The reported income-tax provision was $202.90K, the amount recognized between pretax income and the final net-income result. The loss-to-equity relationship was 4.2%, placing the bottom-line deficit against shareholder capital. The net loss equaled 1.9% of period-end assets, showing the deficit relative to the asset base. The company moved from fiscal 2024 net income of $2.10M to a current net loss of $322.20K.

Liquidity and Capital Structure

Total assets were $17.18M, supported by $9.45M of liabilities and $7.73M of shareholder equity. The near-term balance sheet paired $16.09M of current assets with $9.40M of current liabilities at the reporting date. At 1.71x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $572.81K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 6.1% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented 45.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 55.0%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 3.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $11.24M in fiscal 2024, the current asset base moved 52.9% and finished higher. Reported equity changed 54.0% from $5.02M in fiscal 2024, placing the current capital base higher year over year. Compared with $407.03K in fiscal 2024, the current cash balance moved 40.7% and finished higher.

Cash Flow and Earnings Quality

Operating activities used $3.46M of cash, resulting in an operating cash outflow for the year. Capital spending of $589.00 added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Operating cash flow and capital spending combined to leave a $3.46M cash deficit after capital spending. Free-cash-flow margin was -26.7%, reflecting a cash deficit equal to 26.7% of revenue after capital spending. The cash deficit after capital spending represented 20.1% of the period-end asset base.

Based on the annual report for the fiscal year ending Oct 31, 2025. Analysis generated Oct 21, 2026.