CLPS

MKT CAP:$27M

CLPS Incorporation

Market Cap

$27M

Technology·Information Technology Services·🇭🇰 Hong Kong·NASDAQ

Technology·IT Services·🇭🇰·NASDAQ

Stock Price

$0.95-$0.06 (-5.94%)

Apr 17, 2026

Company Details

CLPS Incorporation provides information technology, consulting, and solutions to institutions operating in banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in ...

CEO

Ming Hui Lin

IPO Date

May 25, 2018

Website

www.clpsglobal.com

Key Metrics TTM

Revenue

$321M

+7.5% YoY

Net Income

-$8M

EPS (Diluted)

-$0.28

Free Cash Flow

-$4M

Revenue / Share

$10.85

Gross Margin

22.8%

Operating Margin

-2.7%

Net Margin

-2.4%

FCF Margin

-1.2%

P/S

0.1x

P/E

—

Earnings Reports

Q2 2026

Mar 6, 2026

$85M+2.8%EPS $0.00

FY 2025

Oct 17, 2025

$164M+15.2%EPS -$0.26

Q4 2025

Oct 17, 2025

$82M+15.0%EPS -$0.24

Q2 2025

Mar 5, 2025

$83M+15.3%EPS -$0.01

FY 2024

Oct 18, 2024

$143M-5.0%EPS -$0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 18	$14M	$5M	$466.1K
Q2 19	$31M	$11M	-$2M
Q4 19	$34M	$13M	-$2M
Q2 20	$43M	$15M	$1M
Q4 20	$47M	$16M	$224.1K
Q2 21	$58M	$18M	$4M
Q4 21	$68M	$22M	$2M
Q2 22	$76M	$22M	$7M
Q4 22	$76M	$19M	-$814.7K
Q2 23	$77M	$18M	$723.0K
Q4 23	$74M	$16M	$479.9K
Q2 24	$72M	$16M	-$1M
Q4 24	$71M	$17M	-$3M
Q2 25	$83M	$19M	-$694.9K
Q4 25	$82M	$17M	-$6M
Q2 26	$85M	$20M	$475.8K

Valuation

Quarter	P/S	P/E
Q4 18	0.3x	6.0x
Q2 19	0.3x	15.2x
Q4 19	0.2x	—
Q2 20	0.2x	—
Q4 20	0.2x	—
Q2 21	0.1x	4.5x
Q4 21	0.1x	2.8x
Q2 22	0.1x	2.0x
Q4 22	0.1x	2.4x
Q2 23	0.1x	3.5x
Q4 23	0.1x	5.8x
Q2 24	0.1x	—
Q4 24	0.1x	—
Q2 25	0.1x	—
Q4 25	0.1x	—
Q2 26	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	-$137.5K	-$357.2K
Q4 18	$0	$0
Q2 19	$0	$0
Q4 19	$0	$0
Q2 20	$0	$0
Q4 20	$0	$0
Q2 21	$9M	$0
Q4 21	-$12M	$0
Q2 22	$0	$0
Q4 22	$0	$0
Q2 23	$17M	$0
Q4 23	-$7M	$0
Q2 24	$13M	$0
Q4 24	-$4M	$0
Q2 25	$0	$0
Q4 25	-$3M	-$4M

Capital Expenditures

Quarter	CapEx
Q2 18	$219.7K
Q4 18	$0
Q2 19	$0
Q4 19	$0
Q2 20	$0
Q4 20	$0
Q2 21	$9M
Q4 21	$12M
Q2 22	$0
Q4 22	$0
Q2 23	$17M
Q4 23	$7M
Q2 24	$13M
Q4 24	$4M
Q2 25	$0
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+38.8%	+53.3%
Q4 19	+272.2%	+329.6%
Q2 20	+21.3%	+22.7%
Q4 20	+238.1%	+248.2%
Q2 21	+89.4%	+65.9%
Q4 21	+98.4%	+81.9%
Q2 22	+78.4%	+66.8%
Q4 22	+62.4%	+65.0%
Q2 23	+31.6%	+39.7%
Q4 23	+8.6%	+11.9%
Q2 24	-5.5%	+5.6%
Q4 24	-6.7%	-4.3%
Q2 25	+7.8%	+9.8%
Q4 25	+11.0%	+19.7%
Q2 26	+18.5%	+15.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$0	—
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 18	$2M	$2M
Q2 19	$3M	$10M
Q4 19	$5M	$9M
Q2 20	$5M	$9M
Q4 20	$5M	$10M
Q2 21	$6M	$8M
Q4 21	$7M	$12M
Q2 22	$4M	$11M
Q4 22	$4M	$16M
Q2 23	$4M	$13M
Q4 23	$4M	$12M
Q2 24	$3M	$14M
Q4 24	$4M	$16M
Q2 25	$3M	$17M
Q4 25	$3M	$20M
Q2 26	$2M	$17M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$10M	$0	$10M
Q2 19	$6M	$6M	$11M
Q4 19	$7M	$2M	$8M
Q2 20	$11M	$0	$11M
Q4 20	$13M	$636.9K	$13M
Q2 21	$26M	$0	$26M
Q4 21	$25M	$4M	$29M
Q2 22	$22M	$7M	$28M
Q4 22	$18M	$0	$18M
Q2 23	$38M	$0	$38M
Q4 23	$22M	$0	$22M
Q2 24	$35M	$0	$35M
Q4 24	$29M	$2M	$31M
Q2 25	$36M	$2M	$37M
Q4 25	$28M	$896.9K	$29M
Q2 26	$28M	$916.9K	$29M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 18	12M	0.0%	—
Q2 19	14M	+15.2%	+22.2%
Q4 19	14M	+0.8%	+23.2%
Q2 20	14M	+2.1%	+18.5%
Q4 20	16M	+12.1%	+32.9%
Q2 21	16M	+1.5%	+17.2%
Q4 21	20M	+25.5%	+45.9%
Q2 22	20M	+0.8%	+44.0%
Q4 22	22M	+9.7%	+40.9%
Q2 23	24M	+5.3%	+46.2%
Q4 23	23M	-4.1%	+11.8%
Q2 24	25M	+9.4%	+21.3%
Q4 24	26M	+3.2%	+14.1%
Q2 25	27M	+4.9%	+13.6%
Q4 25	28M	+4.2%	+23.4%
Q2 26	30M	+5.6%	+19.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 18	$8.4K	2K
Q2 19	$18.6K	2K
Q4 19	$16.4K	2K
Q2 20	$20.4K	2K
Q4 20	$17.1K	3K
Q2 21	$21.2K	3K
Q4 21	$20.2K	3K
Q2 22	$22.6K	3K
Q4 22	$19.9K	4K
Q2 23	$20.1K	4K
Q4 23	$21.0K	4K
Q2 24	$20.5K	4K
Q4 24	$21.4K	3K
Q2 25	$24.9K	3K
Q4 25	$23.1K	4K
Q2 26	$24.1K	4K

Revenue / Employee