CUPR Cuprina Holdings (Cayman) LTD

Overview and Growth

In fiscal 2025, Cuprina Holdings (Cayman) LTD recorded $38.79K of revenue, net loss of $3.63M, and an operating cash outflow of $7.10M. Revenue of $38.79K sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $35.52K in fiscal 2024, revenue recorded a 9.2% year-over-year increase. The company reported diluted EPS of -$17.75, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 20.47M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 13.7% higher than fiscal 2024, when diluted shares averaged 18.00M, adding context to the EPS comparison. At period end, total assets were $6.61M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.01x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The company recorded a $501.00 gross loss after reported cost of revenue. Relative to revenue, the gross deficit measured 1.3% before operating expenses. The reported operating result was an operating loss of $3.75M, reflecting costs that exceeded gross profit. After all below-operating-line items, the company recorded a net loss of $3.63M for the fiscal year. Negative EBITDA totaled $3.73M, confirming that the earnings deficit remained before depreciation and amortization. Before income taxes, the company recorded a loss of $3.58M, bridging the operating result to the final net loss. The net loss equaled 92.4% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 55.0%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $1.15M in fiscal 2024 to $3.63M.

Liquidity and Capital Structure

At period end, the $6.61M asset base was financed through $2.68M of liabilities and $3.93M of equity. Current assets were $5.70M against $2.42M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 2.35x, leaving a positive buffer for near-term obligations. The company held $2.42M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 100.1% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $128.22K of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.03x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 1.9%, comparing borrowing with the total asset balance. Equity equaled 59.4% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 40.6%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 36.7%, comparing reported cash and equivalents with the full positive asset balance. Compared with $1.28M in fiscal 2024, the current asset base moved 415.4% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $7.10M, rather than cash generation from operations. Capital spending of $45.27K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $7.15M cash deficit after capital spending for the period. The cash deficit after capital spending represented 108.1% of the period-end asset base. The operating cash outflow widened to $7.10M from $908.61K in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.