J-Star Holding Co. (YMAT) Income Statement

J-Star Holding Co. reported revenue of $9.93M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 43.5% from $17.56M a year earlier. J-Star Holding Co. posted a net loss of $20.17M, compared with net income of $1.10M a year earlier. Gross margin was 54.1% and operating margin -207.7%.

J-Star Holding Co. Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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J-Star Holding Co., Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	9.93	17.56	23.78	39.38	31.33	22.18
Cost of Revenue	4.56	11.93	20.86	30.30	22.34	14.82
Gross Profit	5.37	5.63	2.92	9.08	8.99	7.36
Operating Expenses
Research & Development	0.88	0.68	0.74	1.39	1.66	1.69
Selling, General & Administrative	5.86	3.85	2.99	7.66	7.08	3.99
Operating Expenses	25.99	4.52	3.81	8.99	9.11	5.68
Operating Income	-20.62	1.11	-0.89	0.09	-0.12	1.69
Other Income/Expense
Interest Income	0.15	0.26	0.34	0.01	0.00	0.00
Interest Expense	0.37	0.40	-0.34	-0.32	0.23	0.42
Other Income/Expense	0.45	0.14	1.92	0.17	0.15	-0.22
Income
Income Before Tax	-20.17	1.11	1.04	0.26	0.03	1.47
Income Tax Expense	0.01	0.01	-0.38	-0.13	0.16	0.36
Net Income	-20.17	1.10	1.42	0.12	-0.13	1.11
Net Income - Continuous Operations	-20.17	1.10	1.42	0.12	-0.13	1.11
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-20.42	1.87	-0.62	1.19	1.61	2.78
EBIT	-20.62	1.51	-0.89	0.14	0.25	1.70
Depreciation & Amortization	0.39	0.35	0.27	1.05	1.36	0.90
Earnings Per Share
Basic EPS	-6.00	-	-	-	-	-
Diluted EPS	-6.00	-	-	-	-	-
Basic Shares Outstanding	3.27	17.01	3.15	3.15	3.95	3.65
Diluted Shares Outstanding	3.27	17.01	3.15	3.15	3.95	3.65

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About J-Star Holding Co. Financial Statements

What was J-Star Holding Co.'s revenue in fiscal 2025?

J-Star Holding Co. reported revenue of $9.93M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 43.5% from $17.56M a year earlier.

Is J-Star Holding Co. profitable?

No. J-Star Holding Co. reported a net loss of $20.17M in fiscal 2025. In fiscal 2024 it earned $1.10M.

What is J-Star Holding Co.'s operating margin?

J-Star Holding Co.'s operating income was −$20.62M on revenue of $9.93M in fiscal 2025, an operating margin of -207.7%, compared with 6.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition