GV

MKT CAP:$880152

Visionary Holdings Inc.

Market Cap

$880152

Consumer Defensive·Education & Training Services·🇨🇦 Canada·NASDAQ

Consumer Def.·Education·🇨🇦·NASDAQ

Stock Price

$0.21-$0.99 (-82.25%)

Apr 22, 2026

Company Details

Visionary Holdings Inc. provides private online and in person educational programs and services to Canadian and international students that reside in Canada and internationally. The company's educational programs include Ontario secondary s...

CEO

Rusheng Wu

IPO Date

May 17, 2022

Website

visiongroupca.com

Key Metrics TTM

Revenue

$14M

+5.4% YoY

Net Income

-$15M

EPS (Diluted)

-$3.63

Free Cash Flow

$20M

Revenue / Share

$3.00

Gross Margin

17.7%

Operating Margin

-40.2%

Net Margin

-102.7%

FCF Margin

135.7%

P/S

0.1x

P/E

—

Earnings Reports

FY 2025

Jan 28, 2026

$5MEPS -$3.66

Q4 2025

Jan 28, 2026

$2MEPS -$2.07

Q2 2024

Sep 29, 2024

$3M-32.4%EPS -$1.59

Q4 2023

Aug 15, 2024

$4M-32.6%EPS -$0.06

Q2 2023

Sep 28, 2023

$5M+165.7%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$25M	$4M	$157.3K
Q3 17	$30M	$5M	$2M
Q4 17	$34M	$7M	$3M
Q1 18	$38M	$7M	$3M
Q2 18	$30M	$3M	-$194.8K
Q3 18	$37M	$5M	$831.2K
Q2 20	$2M	$1M	$1M
Q4 20	$6M	$3M	$3M
Q2 21	$3M	$1M	$875.0K
Q4 21	$2M	$536.4K	$155.9K
Q2 22	$2M	$226.0K	-$746.0K
Q4 22	$7M	$2M	$1M
Q2 23	$5M	$1M	-$2M
Q4 23	$4M	$481.0K	-$417.7K
Q2 24	$3M	$612.2K	-$169.2K
Q4 25	$2M	$219.6K	-$3M

Valuation

Quarter	P/S	P/E
Q2 17	0.6x	9.6x
Q3 17	0.6x	8.8x
Q4 17	0.6x	9.1x
Q1 18	0.6x	9.5x
Q2 18	0.6x	9.6x
Q3 18	0.5x	14.5x
Q2 20	0.7x	20.6x
Q4 20	1.0x	21.9x
Q2 21	1.5x	17.7x
Q4 21	5.6x	25.4x
Q2 22	2.7x	—
Q4 22	3.3x	—
Q2 23	0.5x	—
Q4 23	0.5x	—
Q2 24	0.4x	—
Q4 25	0.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$1M	-$5M
Q2 18	$4M	-$3M
Q3 18	$772.4K	-$4M
Q4 18	$2M	-$10M
Q1 19	$9M	$7M
Q2 19	$9M	$7M
Q3 19	$8M	$4M
Q4 19	-$4M	-$9M
Q1 20	$7M	$3M
Q2 20	$2M	$2M
Q4 20	$2M	$2M
Q2 21	$2M	-$15M
Q4 21	$5M	$21M
Q4 22	$726.4K	$726.4K
Q4 23	-$2M	-$2M
Q4 25	-$2M	$0

Capital Expenditures

Quarter	CapEx
Q1 18	$4M
Q2 18	$8M
Q3 18	$5M
Q4 18	$12M
Q1 19	$2M
Q2 19	$2M
Q3 19	$4M
Q4 19	$5M
Q1 20	$4M
Q2 20	$500.7K
Q4 20	$149.8K
Q2 21	$17M
Q4 21	$17M
Q4 22	$0
Q4 23	$0
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	-20.1%	-9.6%
Q3 17	-6.7%	+2.1%
Q4 17	+12.1%	+17.4%
Q1 18	+28.8%	+36.8%
Q2 18	+20.4%	+22.0%
Q3 18	+23.9%	+28.4%
Q2 20	-94.1%	-96.7%
Q4 20	-84.8%	-91.3%
Q2 21	-89.0%	-92.0%
Q4 21	-94.5%	-94.8%
Q2 22	-7.8%	+155.4%
Q4 22	+15.2%	+81.3%
Q2 23	+53.0%	+190.4%
Q4 23	+120.3%	+161.3%
Q2 24	+79.5%	+34.7%
Q4 25	-74.2%	-7.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$0	—
Q1 19	$0	—
Q2 19	$0	—
Q3 19	$0	—
Q4 19	$0	—
Q1 20	$0	—
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q4 22	$0	0.0%
Q4 23	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 17	$2M	$2M	—
Q3 17	$2M	$2M	—
Q4 17	$2M	$2M	—
Q1 18	$2M	$2M	—
Q2 18	$1M	$2M	—
Q3 18	$2M	$2M	—
Q2 20	$4M	$3M	—
Q4 20	—	—	$292.0K
Q2 21	—	—	$407.4K
Q4 21	—	—	$380.5K
Q2 22	—	—	$972.0K
Q4 22	—	—	$1M
Q2 23	—	—	$3M
Q4 23	—	—	$898.6K
Q2 24	—	—	$781.5K
Q4 25	—	—	$4M

Revenue by Geography

Quarter	Mid-Atlantic	Southeast	Texas And Southwest
Q4 17	$9M	$12M	$12M
Q1 18	$11M	$16M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$15M	$0	$15M
Q1 19	$15M	$0	$15M
Q2 19	$21M	$0	$21M
Q3 19	$23M	$0	$23M
Q4 19	$27M	$0	$27M
Q1 20	$28M	$0	$28M
Q2 20	$21M	$0	$21M
Q4 20	$1M	$0	$1M
Q2 21	$255.1K	$102.9K	$358.0K
Q4 21	$741.9K	$56.0K	$797.9K
Q2 22	$222.1K	$51.1K	$273.1K
Q4 22	$651.5K	$51.7K	$703.2K
Q2 23	$929.5K	$51.8K	$981.3K
Q4 23	$620.9K	$0	$620.9K
Q2 24	$213.9K	$0	$213.9K
Q4 25	$334.9K	$0	$334.9K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	2M	0.0%	0.0%
Q3 17	2M	0.0%	0.0%
Q4 17	2M	0.0%	0.0%
Q1 18	2M	0.0%	0.0%
Q2 18	2M	0.0%	0.0%
Q3 18	2M	-0.6%	-0.6%
Q2 20	3M	+58.1%	+57.2%
Q4 20	3M	0.0%	+57.2%
Q2 21	3M	0.0%	+57.2%
Q4 21	3M	0.0%	+58.1%
Q2 22	3M	-1.9%	-1.9%
Q4 22	3M	0.0%	-1.9%
Q2 23	3M	+15.5%	+13.3%
Q4 23	3M	+13.2%	+28.3%
Q2 24	3M	0.0%	+30.7%
Q4 25	5M	+40.7%	+84.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	—	—
Q3 17	—	—
Q4 17	—	—
Q1 18	—	—
Q2 18	—	—
Q3 18	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	$66.1K	67
Q2 24	$50.0K	67
Q4 25	$26.5K	64

Revenue / Employee