VHUB VenHub Global, Inc.

Overview and Growth

VenHub Global, Inc. generated $864.45K of revenue in fiscal 2025, with net loss of $62.40M and an operating cash outflow of $5.94M. At $864.45K, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Diluted earnings per share were -$1.67, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 37.34M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 43.5% higher than fiscal 2024, when diluted shares averaged 26.02M, adding context to the EPS comparison. Total assets stood at $3.62M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.24x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $280.69K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 32.5% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $39.43M, reflecting costs that exceeded gross profit. The company ended the period with a net loss of $62.40M, extending the operating result through all remaining items. EBITDA was negative $39.33M, showing a deficit before interest, taxes, depreciation, and amortization. Compared with a $9.39M net loss in fiscal 2024, the current loss increased to $62.40M.

Liquidity and Capital Structure

Total assets were $3.62M, supported by $13.94M of liabilities and -$10.32M of shareholder equity. With total equity at -$10.32M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. The near-term balance sheet paired $1.36M of current assets with $10.55M of current liabilities at the reporting date. The current ratio was 0.13x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $89.63K, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 0.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was -284.8%, placing book capital against the total resource base. Relative to total assets, liabilities measured 384.8%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 2.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $2.69M in fiscal 2024, the current asset base moved 34.7% and finished higher. Compared with $1.35M in fiscal 2024, the current cash balance moved 93.4% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $5.94M of cash, resulting in an operating cash outflow for the year. Cash absorbed by operations increased from $3.98M in fiscal 2024 to $5.94M.

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