FXHO UTime Ltd

Overview and Growth

Fiscal 2026 results for UTime Ltd combined $28.47M of revenue with net loss of $4.04M and an operating cash outflow of $21.21M. At $28.47M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $34.59M in fiscal 2025, revenue decreased 17.7%, a top-line contraction that reduced operating scale. Diluted shares averaged 56.30K; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $64.82M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.44x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $285.00K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 1.0% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $3.17M after the reported operating expense base. An operating margin of -11.1% reflected costs exceeding revenue-level gross profit by 11.1% of sales. The company ended the period with a net loss of $4.04M, extending the operating result through all remaining items. Net margin was -14.2%, reflecting a loss equal to 14.2% of reported revenue. Negative EBITDA totaled $2.37M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $4.04M, establishing the deficit before tax effects. The pretax loss equaled 14.2% of revenue, measuring the pre-tax deficit against sales. The net loss equaled 20.2% of period-end equity, showing the deficit relative to book capital. The net loss equaled 6.2% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $92.34M in fiscal 2025 to $4.04M.

Liquidity and Capital Structure

Total assets were $64.82M, supported by $44.83M of liabilities and $19.98M of shareholder equity. The near-term balance sheet paired $59.40M of current assets with $42.04M of current liabilities at the reporting date. Current assets covered current liabilities by 1.41x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $37.96M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 90.3%, excluding receivables and other current assets. Total debt was $9.11M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.46x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 14.1%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 30.8%, placing book capital against the total resource base. Relative to total assets, liabilities measured 69.2%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 58.6%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 128.3% higher than fiscal 2025 assets of $28.39M, measuring the company’s own balance-sheet change. Cash and equivalents were 152.2% higher than fiscal 2025 cash of $15.05M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $21.21M, rather than cash generation from operations. Capital expenditures used $6.00K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $21.21M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 74.5% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 32.7%.

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