Income Statement Nearthlab, Inc.

Stocks

A417030

KR7417030004

Software

End-of-day quote Korea S.E. 2026-09-23			5-day change	1st Jan Change
35,700.00 ^KRW	+4.23%		+33.96%	-

08-18

Nearthlab, Inc. has completed an IPO in the amount of KRW 37.492 billion.

3dd.wuyz09hVMYm8NgpDQsMMCZpWKOr2rr_bzwVKXP6Ajzc.g62BoK9kdMP9YF4bEoJDQfgTfbm574a2_lMwBZDB2FKGtYHisW1BxfUCSw

Published financial data: NEARTHLAB, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	930M	1.89B	2.4B	5.53B	6.66B
Total Revenues	930M	1.89B	2.4B	5.53B	6.66B
Cost of Goods Sold, Total	11.04M	9.7M	9.64M	2.26B	2.86B
Gross Profit	919M	1.88B	2.39B	3.27B	3.8B
Selling General & Admin Expenses, Total	4.91B	9.98B	10.5B	11.56B	14.63B
Provision for Bad Debts	-	-	-	-	39.36M
R&D Expenses	1.11B	3.12B	2.08B	3.75B	5.08B
Depreciation & Amortization - (IS)	365M	700M	834M	586M	574M
Amortization of Goodwill and Intangible Assets - (IS)	8.25M	16.68M	32.99M	10.2M	10.58M
Other Operating Expenses	177M	214M	259M	144M	73.42M
Other Operating Expenses, Total	6.56B	14.03B	13.71B	16.04B	20.41B
Operating Income	-5.64B	-12.15B	-11.32B	-12.77B	-16.61B
Interest Expense, Total	-767M	-2.01B	-2.56B	-3.54B	-4.8B
Interest And Investment Income	16.91M	146M	86.27M	81.49M	25.19M
Net Interest Expenses	-750M	-1.86B	-2.48B	-3.46B	-4.78B
Currency Exchange Gains (Loss)	3.85M	-24.6M	62.27M	46.3M	25.8M
Other Non Operating Income (Expenses)	-19.99B	-2.98B	-371M	-4.69B	13.82B
EBT, Excl. Unusual Items	-26.38B	-17.02B	-14.11B	-20.88B	-7.54B
Gain (Loss) On Sale Of Assets	-	-31.63M	-380K	-69.74M	8.41M
EBT, Incl. Unusual Items	-26.38B	-17.05B	-14.11B	-20.95B	-7.53B
Income Tax Expense	-	2.17M	1.68M	11.5M	13.56M
Earnings From Continuing Operations	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Net Income to Company	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Net Income - (IS)	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Net Income to Common Incl Extra Items	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Net Income to Common Excl. Extra Items	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Per Share Items
Net EPS - Basic	-119K	-71.53K	-58.93K	-85.39K	-29.74K
Basic EPS - Continuing Operations	-119K	-71.53K	-58.93K	-85.39K	-29.74K
Basic Weighted Average Shares Outstanding	222K	238K	239K	245K	254K
Net EPS - Diluted	-119K	-71.53K	-58.93K	-85.39K	-43.48K
Diluted EPS - Continuing Operations	-119K	-71.53K	-58.93K	-85.39K	-43.48K
Diluted Weighted Average Shares Outstanding	222K	238K	239K	245K	392K
Normalized Basic EPS	-74.35K	-44.62K	-36.83K	-53.16K	-18.57K
Normalized Diluted EPS	-74.35K	-44.62K	-36.83K	-53.16K	-12.01K
Supplemental Items
EBITDA	-5.27B	-11.43B	-10.45B	-11.88B	-15.69B
EBITA	-5.63B	-12.13B	-11.28B	-12.73B	-16.57B
EBIT	-5.64B	-12.15B	-11.32B	-12.77B	-16.61B
EBITDAR	-4.99B	-11.37B	-10.38B	-11.53B	-15.49B
Effective Tax Rate - (Ratio)	-	-0.01	-0.01	-0.05	-0.18
Normalized Net Income	-16.49B	-10.64B	-8.82B	-13.05B	-4.71B
Supplemental Operating Expense Items
Advertising Expense	2.99M	26.6M	159M	232M	489M
Selling and Marketing Expenses	312M	1.41B	1.14B	1.75B	2.37B
General and Administrative Expenses	745M	2.15B	1.55B	1.05B	1.27B
Research And Development Expense From Footnotes	1.11B	3.12B	2.08B	3.75B	5.08B
Net Rental Expense, Total	274M	68.08M	66.76M	349M	198M
Imputed Operating Lease Interest Expense	84.38M	28.27M	28.19M	171M	108M
Imputed Operating Lease Depreciation	190M	39.81M	38.57M	178M	90.45M
Maintenance & Repair Expenses, Total	11.04M	9.7M	9.64M	12.31M	24.19M
Stock-Based Comp., SG&A Exp. (Total)	32.23M	293M	23.9M	829M	641M
Total Stock-Based Compensation	32.23M	293M	23.9M	829M	641M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	2.36B	5.08B	348M	4.52B	7.47B
Short Term Investments	-	4.01B	-	400M	100M
Trading Asset Securities, Total	2.96M	44.5M	17M	55.76M	95.17M
Total Cash And Short Term Investments	2.36B	9.14B	365M	4.98B	7.67B
Accounts Receivable, Total	308M	792M	956M	1.88B	1.6B
Other Receivables	86.35M	242M	73.07M	431M	506M
Notes Receivable	13M	-	-	-	-
Total Receivables	407M	1.03B	1.03B	2.31B	2.11B
Inventory	-	-	-	1.38B	8.24B
Prepaid Expenses	19.34M	109M	143M	109M	122M
Other Current Assets, Total	4.82M	109M	106M	981M	173M
Total Current Assets	2.8B	10.39B	1.64B	9.76B	18.3B
Gross Property Plant And Equipment	3.57B	5.61B	6.52B	5.5B	6.9B
Accumulated Depreciation	-1.31B	-1.22B	-2.07B	-1.57B	-2.48B
Net Property Plant And Equipment	2.26B	4.39B	4.44B	3.93B	4.42B
Long-term Investments	50	-80	610	200K	200K
Other Intangibles, Total	35.66M	134M	131M	104M	65.58M
Other Long-Term Assets, Total	199M	289M	323M	216M	320M
Total Assets	5.29B	15.2B	6.54B	14.01B	23.11B
Liabilities
Accounts Payable, Total	-	-	-	-	489M
Accrued Expenses, Total	213M	291M	272M	419M	277M
Short-term Borrowings	28.57B	44.7B	47.46B	65.77B	70.39B
Current Portion of Leases	176M	551M	544M	155M	217M
Other Current Liabilities	293M	744M	342M	1.35B	3.65B
Total Current Liabilities	29.25B	46.29B	48.61B	67.69B	75.01B
Long-Term Debt	-	-	-	-	800M
Long-Term Leases	1.18B	2.11B	1.84B	1.64B	2.31B
Pension & Other Post Retirement Benefits	663M	990M	1.17B	1.35B	1.56B
Other Non Current Liabilities	271M	324M	315M	418M	446M
Total Liabilities	31.36B	49.71B	51.94B	71.1B	80.13B
Preferred Stock Redeemable	6.42B	13.66B	15.88B	23.82B	30.28B
Total Preferred Equity	6.42B	13.66B	15.88B	23.82B	30.28B
Common Stock, Total	119M	119M	122M	126M	127M
Additional Paid In Capital	579M	579M	936M	2.12B	2.19B
Retained Earnings	-33.54B	-50.59B	-64.69B	-85.48B	-93.03B
Comprehensive Income and Other	348M	1.72B	2.35B	2.33B	3.41B
Total Common Equity	-32.49B	-48.16B	-61.28B	-80.91B	-87.3B
Total Equity	-26.07B	-34.51B	-45.4B	-57.1B	-57.02B
Total Liabilities And Equity	5.29B	15.2B	6.54B	14.01B	23.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	238K	238K	244K	251K	254K
ECS Total Common Shares Outstanding	238K	238K	244K	251K	254K
Book Value / Share	-136K	-202K	-251K	-322K	-343K
Tangible Book Value	-32.52B	-48.3B	-61.41B	-81.01B	-87.37B
Tangible Book Value Per Share	-136K	-203K	-251K	-323K	-343K
Total Debt	29.92B	47.36B	49.84B	67.57B	73.71B
Net Debt	27.55B	38.22B	49.48B	62.59B	66.05B
Debt Equivalent Oper. Leases	2.19B	545M	534M	2.79B	1.59B
Inventories - Raw Materials, Total	-	-	-	344M	505M
Inventories - Work In Process, Total	-	-	-	158M	-
Inventories - Finished Goods, Total	-	-	-	1.01B	8.84B
Inventories - Others	-	-	-	1.28K	-120
Machinery, Total	233M	442M	523M	707M	777M
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	39.36M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	-26.38B	-17.05B	-14.11B	-20.96B	-7.55B
Depreciation & Amortization - CF	365M	700M	834M	851M	883M
Amortization of Goodwill and Intangible Assets - (CF)	8.25M	16.68M	32.99M	38.45M	37.94M
Depreciation & Amortization, Total	373M	716M	867M	889M	921M
(Gain) Loss From Sale Of Asset	-	31.63M	380K	69.74M	-8.41M
Stock-Based Compensation (CF)	32.23M	293M	862M	896M	937M
Provision and Write-off of Bad Debts	-	-	-	-	39.36M
Other Operating Activities, Total	21.18B	6.36B	3.13B	8.88B	-7.69B
Change In Accounts Receivable	-357M	-520M	-90.13M	-878M	219M
Change In Inventories	6.9M	-	-	-1.51B	-7.83B
Change In Accounts Payable	316M	237M	-348M	1.07B	-32.52M
Change in Other Net Operating Assets	-54.76M	-331M	-248M	-1.67B	2.9B
Cash from Operations	-4.88B	-10.26B	-9.93B	-13.22B	-18.1B
Capital Expenditure	-702M	-923M	-1.1B	-734M	-427M
Sale of Property, Plant, and Equipment	-	6.36M	-	-	8.41M
Sale (Purchase) of Intangible assets	-23.82M	-138M	-21.11M	-38.2M	-
Investment in Marketable and Equity Securities, Total	-	-4.01B	4.01B	-400M	300M
Net (Increase) Decrease in Loans Originated / Sold - Investing	4.6K	13M	-	-	-
Other Investing Activities, Total	-43.8M	-272M	106M	248M	-178M
Cash from Investing	-770M	-5.33B	3B	-924M	-297M
Short Term Debt Issued, Total	-	-	3.28B	1.59B	1.4B
Long-Term Debt Issued, Total	-	-	-	-	1B
Total Debt Issued	-	-	3.28B	1.59B	2.4B
Short Term Debt Repaid, Total	-2.92M	-	-900M	-170M	-
Long-Term Debt Repaid, Total	-251M	-208M	-273M	-171M	-150M
Total Debt Repaid	-253M	-208M	-1.17B	-341M	-150M
Issuance of Common Stock	12M	-	43.54M	61.47M	46.42M
Issuance of Preferred Stock	-	18.5B	-	16.9B	19B
Other Financing Activities, Total	108M	-	-10	-10	-10
Cash from Financing	-134M	18.29B	2.15B	18.21B	21.3B
Foreign Exchange Rate Adjustments	2.71M	14.74M	50.17M	103M	47.17M
Net Change in Cash	-5.78B	2.72B	-4.73B	4.17B	2.95B
Supplemental Items
Cash Interest Paid	88.53K	213M	329M	450M	517M
Cash Income Tax Paid (Refund)	-	10.8M	9.34M	7.58M	10.8M
Levered Free Cash Flow	-4.38B	-9.19B	-9.35B	-11.6B	-15.46B
Unlevered Free Cash Flow	-3.9B	-7.94B	-7.75B	-9.39B	-12.46B
Change In Net Working Capital	49.76M	292M	447M	2.35B	3.21B
Net Debt Issued / Repaid	-253M	-208M	2.11B	1.25B	2.25B

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	-45.43	-74.12	-65.06	-77.69	-55.93
Return on Total Capital	-53.2	-90.93	-81.8	-107.04	-76.42
Return On Equity %	198.45	56.29	35.31	41.58	13.22
Return on Common Equity	136.13	42.28	25.78	29.52	8.97
Margin Analysis
Gross Profit Margin %	98.81	99.49	99.6	59.1	57.03
SG&A Margin	527.43	528.62	437.11	208.79	219.74
EBITDA Margin %	-566.44	-605.86	-435.01	-214.69	-235.61
EBITA Margin %	-605.7	-642.93	-469.71	-230.07	-248.88
EBIT Margin %	-606.59	-643.81	-471.09	-230.77	-249.45
Income From Continuing Operations Margin %	-2.84K	-903.38	-587.21	-378.75	-113.32
Net Income Margin %	-2.84K	-903.38	-587.21	-378.75	-113.32
Net Avail. For Common Margin %	-2.84K	-903.38	-587.21	-378.75	-113.32
Normalized Net Income Margin	-1.77K	-563.49	-366.95	-235.8	-70.78
Levered Free Cash Flow Margin	-470.48	-487.01	-389.3	-209.63	-232.19
Unlevered Free Cash Flow Margin	-418.95	-420.6	-322.57	-169.62	-187.08
Asset Turnover
Asset Turnover	0.12	0.18	0.22	0.54	0.36
Fixed Assets Turnover	0.45	0.57	0.54	1.32	1.59
Receivables Turnover (Average Receivables)	5.77	3.43	2.75	3.9	3.83
Inventory Turnover (Average Inventory)	-	-	-	-	0.59
Short Term Liquidity
Current Ratio	0.1	0.22	0.03	0.14	0.24
Quick Ratio	0.09	0.22	0.03	0.11	0.13
Operating Cash Flow to Current Liabilities	-0.17	-0.22	-0.2	-0.2	-0.24
Days Sales Outstanding (Average Receivables)	63.29	106.41	132.84	93.77	95.4
Days Outstanding Inventory (Average Inventory)	-	-	-	-	613.46
Long Term Solvency
Total Debt/Equity	-114.77	-137.25	-109.78	-118.34	-129.27
Total Debt / Total Capital	777.05	368.45	1.12K	645.12	441.61
LT Debt/Equity	-4.51	-6.1	-4.05	-2.88	-5.45
Long-Term Debt / Total Capital	30.52	16.38	41.45	15.68	18.63
Total Liabilities / Total Assets	592.82	326.96	794.15	507.56	346.76
EBIT / Interest Expense	-7.36	-6.06	-4.41	-3.61	-3.46
EBITDA / Interest Expense	-6.87	-5.7	-4.07	-3.35	-3.26
(EBITDA - Capex) / Interest Expense	-7.79	-6.16	-4.5	-3.56	-3.35
Total Debt / EBITDA	-5.68	-4.14	-4.77	-5.69	-4.7
Net Debt / EBITDA	-5.23	-3.34	-4.73	-5.27	-4.21
Total Debt / (EBITDA - Capex)	-5.01	-3.83	-4.32	-5.36	-4.57
Net Debt / (EBITDA - Capex)	-4.61	-3.09	-4.28	-4.96	-4.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-20.54	102.93	27.29	130.37	20.3
Gross Profit, 1 Yr. Growth %	-12.67	104.31	27.44	773.72	16.1
EBITDA, 1 Yr. Growth %	139.27	117.05	-8.6	13.69	32.02
EBITA, 1 Yr. Growth %	133.91	115.4	-7	12.84	30.14
EBIT, 1 Yr. Growth %	133.49	115.38	-6.86	12.85	30.04
Earnings From Cont. Operations, 1 Yr. Growth %	550.16	-35.36	-17.26	64.93	-64.01
Net Income, 1 Yr. Growth %	550.16	-35.36	-17.26	64.93	-64.01
Normalized Net Income, 1 Yr. Growth %	550.16	-35.49	-17.1	64.32	-63.89
Diluted EPS Before Extra, 1 Yr. Growth %	533.92	-39.87	-17.61	60.84	-49.08
Accounts Receivable, 1 Yr. Growth %	2.02K	157.26	20.67	96.57	-14.83
Inventory, 1 Yr. Growth %	-	-	-	-	496.78
Net Property, Plant and Equip., 1 Yr. Growth %	22.41	94.36	1.21	-11.51	12.39
Total Assets, 1 Yr. Growth %	-48.32	187.45	-56.98	114.19	64.95
Tangible Book Value, 1 Yr. Growth %	417.53	48.49	27.16	32.28	7.84
Common Equity, 1 Yr. Growth %	418.62	48.25	27.24	32.4	7.9
Cash From Operations, 1 Yr. Growth %	187.12	110.26	-3.18	33.06	36.93
Capital Expenditures, 1 Yr. Growth %	1.2K	31.43	18.99	-33.19	-41.84
Levered Free Cash Flow, 1 Yr. Growth %	-	110.06	1.75	24.69	33.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-	103.73	-2.37	21.14	32.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	26.98	60.72	71.24	66.47
Gross Profit, 2 Yr. CAGR %	-	33.57	61.36	31.98	218.49
EBITDA, 2 Yr. CAGR %	-	127.89	40.85	1.94	22.52
EBITA, 2 Yr. CAGR %	-	124.47	41.54	2.44	21.18
EBIT, 2 Yr. CAGR %	-	124.26	41.64	2.52	21.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-	105	-26.87	10.88	-22.95
Net Income, 2 Yr. CAGR %	-	105	-26.87	10.88	-22.95
Normalized Net Income, 2 Yr. CAGR %	-	104.79	-26.87	10.78	-22.97
Diluted EPS Before Extra, 2 Yr. CAGR %	-	95.24	-29.61	9.26	-9.5
Accounts Receivable, 2 Yr. CAGR %	-	638.75	76.2	54.02	29.39
Net Property, Plant and Equip., 2 Yr. CAGR %	-	54.25	40.25	-5.36	-0.27
Total Assets, 2 Yr. CAGR %	-	21.89	11.2	-4.01	87.97
Tangible Book Value, 2 Yr. CAGR %	-	177.22	37.41	29.51	19.44
Common Equity, 2 Yr. CAGR %	-	177.28	37.34	29.61	19.52
Cash From Operations, 2 Yr. CAGR %	-	145.7	42.68	13.5	34.98
Capital Expenditures, 2 Yr. CAGR %	-	313.09	25.06	-10.84	-37.66
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	46.2	12.35	28.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	41.03	8.75	26.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	27.09	81.21	52.23
Gross Profit, 3 Yr. CAGR %	-	-	31.5	52.68	26.46
EBITDA, 3 Yr. CAGR %	-	-	68.06	31.14	11.12
EBITA, 3 Yr. CAGR %	-	-	67.34	31.24	10.95
EBIT, 3 Yr. CAGR %	-	-	67.32	31.31	10.98
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	51.5	-7.38	-23.8
Net Income, 3 Yr. CAGR %	-	-	51.5	-7.38	-23.8
Normalized Net Income, 3 Yr. CAGR %	-	-	51.49	-7.49	-23.76
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	46.44	-10.46	-15.29
Accounts Receivable, 3 Yr. CAGR %	-	-	303.83	82.74	26.41
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	34.03	20.29	0.22
Total Assets, 3 Yr. CAGR %	-	-	-13.86	38.36	14.98
Tangible Book Value, 3 Yr. CAGR %	-	-	113.79	35.56	21.85
Common Equity, 3 Yr. CAGR %	-	-	113.87	35.55	21.93
Cash From Operations, 3 Yr. CAGR %	-	-	80.13	39.4	20.83
Capital Expenditures, 3 Yr. CAGR %	-	-	172.82	1.47	-22.67
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	38.41	18.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	34.06	16.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	41.58
Gross Profit, 5 Yr. CAGR %	-	-	-	-	29.26
EBITDA, 5 Yr. CAGR %	-	-	-	-	48.1
EBITA, 5 Yr. CAGR %	-	-	-	-	47.07
EBIT, 5 Yr. CAGR %	-	-	-	-	47.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	13.21
Net Income, 5 Yr. CAGR %	-	-	-	-	13.21
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	13.2
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	18.3
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	156.14
Inventory, 5 Yr. CAGR %	-	-	-	-	312.43
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	19.09
Total Assets, 5 Yr. CAGR %	-	-	-	-	17.69
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	69.28
Common Equity, 5 Yr. CAGR %	-	-	-	-	69.37
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	60.5
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	51.15