VASO VASO Corp

Overview and Growth

In fiscal 2025, VASO Corp recorded $89.10M of revenue, net income of $1.57M, and an operating cash inflow of $9.27M. Revenue of $89.10M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 2.7% above fiscal 2024 revenue of $86.77M, marking a year-over-year increase. Diluted earnings per share were $0.01, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.01 in fiscal 2024, the current result was 0.0% higher. Diluted shares averaged 176.00M; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $88.35M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 1.01x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $54.67M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 61.4% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $2.89M, reflecting costs that exceeded gross profit. The operating loss equaled 3.2% of revenue, showing the scale of the operating deficit relative to sales. Net income came to $1.57M, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 1.8% of revenue, connecting the absolute net income figure with the company’s top-line scale. EBITDA was negative $2.03M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $1.31M, bridging the operating result to the final net loss. Pretax margin was -1.5%, reflecting a pre-tax loss equal to 1.5% of revenue. An income-tax benefit of $2.88M improved the final result relative to pretax income or loss. The relationship between net income and period-end equity was 5.3%, indicating the profitability achieved on book capital. Net income represented 1.8% of period-end assets, placing the company’s bottom-line result against the total resource base employed. The company moved from fiscal 2024 net income of $951.00K to $1.57M, with the current outcome ending above that comparison.

Liquidity and Capital Structure

Total assets were $88.35M, supported by $58.92M of liabilities and $29.43M of shareholder equity. The near-term balance sheet paired $58.56M of current assets with $36.85M of current liabilities at the reporting date. At 1.59x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $35.05M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 95.1%, excluding receivables and other current assets. The equity-to-assets relationship was 33.3%, placing book capital against the total resource base. Relative to total assets, liabilities measured 66.7%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 39.7%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 6.5% from $82.94M in fiscal 2024, leaving current total assets higher year over year. Against $27.70M of equity in fiscal 2024, the current book-equity balance moved 6.2% and ended higher. The reported cash balance changed 33.4% from $26.27M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $9.27M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 5.91x, comparing cash generated by operations with the bottom-line earnings result.

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