VisionSys AI Inc

Listed Company

VSACIK 0001592560NasdaqNon-AcceleratedServices-Educational ServicesE9KYFY ends Dec 31

Period

FY 2025

Revenue

$1.04M

Net Income

$245.80M

Total Assets

$106.56M

Equity

$102.74M

Shares Out

54.56M

Op. Cash Flow

$-188.10M

Business

VisionSys AI Inc provides IT-focused supplementary STEM education services for children and adolescents aged three to eighteen in mainland China. It offers leveled STEM course programs—including coding, robotics, Python, graphical programming and informatics—delivered via a dual-teaching model of live distance instruction, classroom-based learning and proprietary online modules and platforms such as TTS and 61it.cn. The company’s business is organized around its continuing STEM education operations, with its former professional education business classified as discontinued. Its services are distributed through standalone learning centers across multiple mainland Chinese cities and online channels including a mobile app and website.

Summary from filing dated 2025-05-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Net revenues	1	—	—
Cost of revenues	810,000	—	—
Gross profit	229,000	—	—
General and administrative expenses	40	14	12
Operating loss	−40	−14	−12
Interest income (expense)	−95,000	−68,000	31,000
Other income	—	—	—
Foreign currency exchange gain, net	42,000	621,000	105,000
Loss before income taxes	−40	−14	−11
Income tax expense	—	—	—
Net loss from continuing operations	−40	−14	−11
Gain on disposal of Discontinued Operations	1,685	—	—
Income (loss) before income taxes from discontinued operations	74	−539	20
Income tax benefit (expense) from discontinued operations	262,000	34	−1
Net income (loss) from discontinued operations	1,759	−573	22
Net income (loss)	1,719	−587	10
Less: Net income (loss) attributable to non-controlling interests from continuing operations	—	—	—
Less: Net income/(loss) attributable to non-controlling interests from discontinued operations	−19,000	−560,000	1
Net income (loss) attributable to Class A and Class B ordinary shareholders	1,719	−587	9
Weighted average number of ordinary shares used in computing basic income (loss) per share (in Shares)	194	50	54
Weighted average number of ordinary shares used in computing diluted income(loss) per share (in Shares)	194	50	54
Basic loss per ADS attributable to ordinary shareholder from continuing operations (in Dollars per share and Yuan Renminbi per share)	−51.63	−69.21	−53.31
Diluted loss per ADS attributable to ordinary shareholder from continuing operations (in Dollars per share and Yuan Renminbi per share)	−51.63	−69.21	−53.31
Basic income (loss) per ADS attributable to ordinary shareholder from discontinued operations (in Dollars per share and Yuan Renminbi per share)	2,269	−2,862	94.74
Diluted income (loss) per ADS attributable to ordinary shareholder from discontinued operations (in Dollars per share and Yuan Renminbi per share)	2,269	−2,862	94.74
Other comprehensive income (loss)	—	—	—
Foreign currency translation adjustment	584,000	6	−1
Comprehensive income (loss)	1,719	−581	9
Less: Comprehensive income (loss) attributable to non-controlling interests	−19,000	−560,000	1
Comprehensive income (loss) attributable to Class A and Class B ordinary shareholders	1,719	−580	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Current assets:	—	—
Cash and cash equivalents	53	2
Prepaid expenses and other current assets	2	—
Current assets of discontinued operations	—	99
Total current assets	55	101
Non-current assets:	—	—
Intangible assets, net	51	—
Total non-current assets	51	—
Total assets	107	101
Current liabilities:	—	—
Amounts due to related parties	—	35
Accrued expenses and other current liabilities	4	10
Current liabilities of discontinued operations	—	1,859
Total current liabilities	4	1,904
Total liabilities	4	1,904
Commitments and contingencies	—	—
Equity/(Deficit):	—	—
Ordinary shares, value	4	444,000
Treasury shares (16,224,888 Class A ordinary shares as of December 31, 2024 and 2025, at cost, respectively)	487	487
Additional paid-in capital	1,826	1,644
Accumulated other comprehensive income	55	54
Accumulated deficit	−1,296	−3,015
Total (deficit)/equity attributable to the shareholders of VISIONSYS AI INC.	103	−1,803
Non-controlling interest	—	−737,000
Total (deficit) equity	103	−1,804
Total liabilities and deficit	107	101

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Operating activities:	—	—	—
Net income (loss)	1,719	−587	10
Less: Net income/(loss) from discontinued operations	1,759	−573	22
Included in discontinued operations:	—	—	—
Gain on disposal of discontinued operations (non-cash)	1,685	—	—
Net income/(loss) from discontinued operations exclude gain on disposal	73	−573	22
Net loss from continuing operations	−40	−14	−11
Adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities of continuing operations:	—	—	—
Depreciation and amortization	4	—	—
Impairment of long-lived assets	21	—	—
Foreign currency exchange loss, net	42,000	621,000	105,000
Prepaid expenses and other current assets	−2	32	108
Accrued expenses and other current liabilities	6	11	41
Net Cash provided by/(used in) operating activities from continuing operations	−23	6	55
Net Cash used in operating activities from discontinued operations	−165	−127	−174
Net Cash used in operating activities	−188	−121	−119
Investing activities:	—	—	—
Purchase of property and equipment and intangible assets	76	—	—
Loan provided to related parties	—	33	—
Cash used in investing activities from continuing operations	−76	−33	—
Net Cash provided by/(used in) investing activities from discontinued operations	−190,000	−58	72
Net Cash provided by/(used in) investing activities	−76	−91	72
Financing activities:	—	—	—
Proceeds of borrowings from a related party	—	5	—
Issuance of Class A ordinary shares in connection with exercise of share options	186	142,000	227,000
Prepayments of acquire noncontrolling interests	—	441,000	—
Repurchase of treasury shares	—	7	2
Net Cash (used in)/provided by financing activities from continuing operations	186	−3	−2
Net Cash (used in)/provided by financing activities from discontinued operations	−46	13	−34
Net Cash (used in)/provided by financing activities	140	11	−36
Changes in cash, cash equivalents and restricted cash	−125	−202	−83
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	92	93,000	−1
Net change in cash, cash equivalents and restricted cash	−33	−202	−84
Cash, cash equivalents and restricted cash at the end of the year	—	—	—
Cash and cash equivalents	—	—	—
Restricted cash	—	—	—
Cash, cash equivalents and restricted cash at the end of the year	—	—	—
Less: Cash, cash equivalents and restricted cash of discontinued operations	—	—	—
Cash, cash equivalents and restricted cash at the end of the year from continuing operations	—	—	—
Supplemental disclosure of cash flow information from continuing operations:	—	—	—
Income taxes paid	—	—	—
Interest paid	—	—	—

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