HOLO

MKT CAP:$25M

MicroCloud Hologram Inc.

Market Cap

$25M

Technology·Hardware, Equipment & Parts·🇨🇳 China·NASDAQ

Technology·Hardware,·🇨🇳·NASDAQ

Stock Price

$2.17-$0.60 (-21.66%)

Apr 21, 2026

Company Details

MicroCloud Hologram Inc. engages in the research and development, and application of holographic technology worldwide. It also provides holographic digital twin technology services and has a holographic digital twin technology resource libr...

CEO

Guohui Kang

IPO Date

Aug 6, 2021

Website

ir.mcholo.com

Key Metrics TTM

Revenue

$47M

+37.1% YoY

Net Income

$43M

EPS (Diluted)

$20.61

Free Cash Flow

$7M

Revenue / Share

$8.73

Gross Margin

24.2%

Operating Margin

-1.1%

Net Margin

91.9%

FCF Margin

14.7%

P/S

0.5x

P/E

0.6x

Earnings Reports

FY 2025

Mar 27, 2026

$57MEPS -$0.57

Q2 2025

Sep 3, 2025

$12M+24.0%EPS $3.23

Q1 2025

Mar 31, 2025

$12M+24.0%EPS $3.23

Q4 2024

Mar 21, 2025

$12M+53.0%EPS $7.07

Q3 2024

Sep 30, 2024

$12M+53.0%EPS $7.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$15M	$9M	$3M
Q2 21	$16M	$13M	$4M
Q3 21	$8M	$5M	$974.5K
Q4 21	$13M	$9M	$4M
Q1 22	$22M	$10M	$3M
Q2 22	$13M	$8M	$2M
Q3 22	$25M	$10M	$1M
Q4 22	$9M	$4M	-$26M
Q3 23	$8M	$2M	-$3M
Q4 23	$8M	$2M	-$3M
Q1 24	$9M	$2M	-$10M
Q2 24	$9M	$2M	-$10M
Q3 24	$12M	$3M	-$296.4K
Q4 24	$12M	$3M	-$296.4K
Q1 25	$12M	$3M	$48.9K
Q2 25	$12M	$3M	$48.9K

Valuation

Quarter	P/S	P/E
Q1 21	4410.9x	25390.0x
Q2 21	3350.2x	16477.0x
Q3 21	3103.8x	15463.4x
Q4 21	10055.0x	44386.1x
Q1 22	8960.7x	44337.5x
Q2 22	9544.9x	53872.3x
Q3 22	244.3x	1750.8x
Q4 22	32333.7x	—
Q3 23	562.9x	—
Q4 23	56.8x	—
Q1 24	126.5x	—
Q2 24	12.8x	—
Q3 24	4.5x	—
Q4 24	3.6x	—
Q1 25	4.0x	10.4x
Q2 25	0.6x	0.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$6M	$6M
Q2 21	$2M	$2M
Q3 21	$10M	$10M
Q4 21	-$3M	-$3M
Q1 22	$252.0K	$251.3K
Q2 22	$3M	$2M
Q3 22	$2M	$2M
Q4 22	-$25M	-$25M
Q3 23	-$834.6K	-$865.9K
Q4 23	-$834.6K	-$865.9K
Q1 24	-$9M	-$9M
Q2 24	-$9M	-$9M
Q3 24	$2M	$2M
Q4 24	$2M	$2M
Q1 25	$2M	$2M
Q2 25	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q1 21	$5.0K
Q2 21	$5.2K
Q3 21	$9.1K
Q4 21	$481
Q1 22	$654
Q2 22	$264.1K
Q3 22	$429
Q4 22	$1.0K
Q3 23	$31.4K
Q4 23	$31.4K
Q1 24	$871
Q2 24	$871
Q3 24	$0
Q4 24	$0
Q1 25	$2.2K
Q2 25	$2.2K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+637.4%	+454.5%
Q2 21	+677.5%	+455.2%
Q3 21	+236.6%	+205.5%
Q4 21	-50.0%	-55.5%
Q1 22	+44.7%	+56.0%
Q2 22	-19.6%	-8.8%
Q3 22	+219.1%	+248.6%
Q4 22	-26.0%	+297.1%
Q3 23	-65.6%	-43.3%
Q4 23	-41.3%	-3.1%
Q1 24	-62.7%	-20.4%
Q2 24	+1.6%	-46.0%
Q3 24	+53.0%	+10.0%
Q4 24	+53.0%	+10.0%
Q1 25	+24.0%	-39.5%
Q2 25	+24.0%	-39.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q3 23	$2M	30.4%
Q4 23	$2M	30.4%
Q1 24	$69.7K	0.7%
Q2 24	$69.7K	0.7%
Q3 24	-$112	-0.0%
Q4 24	-$112	-0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 21	$6M	$373.6K	$154.3K
Q2 21	$8M	$704.8K	$200.4K
Q3 21	$3M	$1M	$202.5K
Q4 21	$4M	$671.9K	$208.7K
Q1 22	$6M	$634.2K	$233.9K
Q2 22	$5M	$968.5K	$244.2K
Q3 22	$7M	$914.5K	$338.4K
Q4 22	$30M	$798.2K	$459.6K
Q3 23	$2M	$4M	$138.9K
Q4 23	$2M	$4M	$138.9K
Q1 24	$10M	$1M	$85.7K
Q2 24	$10M	$1M	$85.7K
Q3 24	$2M	$613.7K	$172.0K
Q4 24	$2M	$613.7K	$172.0K
Q1 25	$2M	$758.7K	$86.4K
Q2 25	$2M	$758.7K	$86.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$7M	$0	$7M
Q1 22	$6M	$1M	$8M
Q2 22	$12M	$0	$12M
Q3 22	$49M	$0	$49M
Q4 22	$22M	$0	$22M
Q1 23	$20M	$0	$20M
Q2 23	$20M	$0	$20M
Q3 23	$18M	$0	$18M
Q4 23	$18M	$0	$18M
Q1 24	$92M	$16M	$108M
Q2 24	$92M	$16M	$108M
Q3 24	$124M	$106M	$230M
Q4 24	$124M	$106M	$230M
Q1 25	$233M	$192M	$425M
Q2 25	$233M	$192M	$425M
Q4 25	$269M	$131M	$401M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	7M	0.0%	0.0%
Q2 21	7M	0.0%	0.0%
Q3 21	3M	-61.5%	-61.5%
Q4 21	2M	-26.1%	-71.5%
Q1 22	7M	+251.5%	0.0%
Q2 22	7M	0.0%	0.0%
Q3 22	3M	-61.5%	0.0%
Q4 22	1M	-60.5%	-46.6%
Q3 23	3M	+196.0%	-55.0%
Q4 23	3M	0.0%	-55.0%
Q1 24	1M	-51.0%	-42.7%
Q2 24	1M	0.0%	+45.2%
Q3 24	593K	-59.3%	-80.0%
Q4 24	593K	0.0%	-80.0%
Q1 25	5M	+806.8%	+269.2%
Q2 25	5M	0.0%	+269.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$91.6K	101
Q3 23	$76.4K	101
Q4 23	$167.8K	46
Q1 24	$204.4K	46
Q2 24	$204.4K	46
Q3 24	$256.7K	46
Q4 24	$184.5K	64
Q1 25	$182.2K	64
Q2 25	$182.2K	64

Revenue / Employee