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MKT CAP:$9M

Baijiayun Group Ltd

Market Cap

$9M

Technology·Software - Application·🇨🇳 China·NASDAQ

Technology·Software App·🇨🇳·NASDAQ

Stock Price

$0.31+$0.00 (+0.00%)

Apr 6, 2026

Company Details

Baijiayun Group Ltd engages in the provision of video-centric technology solutions. It offers video SaaS/PaaS, video cloud and software, and video AI and system solutions for communications and collaboration needs of enterprises of all size...

CEO

Yi Ma

IPO Date

Dec 19, 2006

Website

www.baijiayun.com

Key Metrics TTM

Revenue

$66M

-47.0% YoY

Net Income

-$17M

EPS (Diluted)

-$0.87

Free Cash Flow

-$5M

Revenue / Share

$3.05

Gross Margin

20.3%

Operating Margin

-31.6%

Net Margin

-25.3%

FCF Margin

-7.9%

P/S

0.1x

P/E

—

Earnings Reports

Q2 2025

Feb 28, 2025

$13M-14.9%EPS $0.02

Q2 2024

Dec 31, 2023

$16M-23.1%EPS -$0.51

Q1 2024

Sep 30, 2023

$16M-23.4%EPS -$0.52

Q2 2023

Dec 31, 2022

$21M+43.5%EPS $0.14

Q1 2023

Sep 30, 2022

$21M+45.9%EPS $0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$2M	$453.1K	$50.6K
Q3 19	$2M	$270.0K	-$24.7K
Q2 20	$2M	$666.7K	$322.9K
Q3 20	$2M	$611.5K	$302.5K
Q4 20	$2M	$709.5K	$323.4K
Q2 21	$2M	$911.8K	-$495.7K
Q3 21	$2M	$942.4K	$710.0K
Q1 22	$15M	$4M	-$4M
Q2 22	$14M	$4M	-$4M
Q3 22	$2M	$693.4K	$378.2K
Q4 22	$87M	$24M	$11M
Q1 23	$21M	$4M	$2M
Q2 23	$21M	$4M	$2M
Q1 24	$16M	$4M	-$11M
Q2 24	$16M	$4M	-$10M
Q2 25	$13M	$3M	-$1M

Valuation

Quarter	P/S	P/E
Q2 19	1.3x	—
Q3 19	1.2x	—
Q2 20	1.2x	—
Q3 20	1.2x	27.1x
Q4 20	1.3x	13.0x
Q2 21	1.2x	26.5x
Q3 21	1.2x	11.1x
Q1 22	0.4x	—
Q2 22	0.3x	—
Q3 22	0.3x	—
Q4 22	0.1x	1.5x
Q1 23	0.1x	0.7x
Q2 23	0.1x	0.5x
Q1 24	0.1x	1.0x
Q2 24	0.1x	—
Q2 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$62.6K	$66.7K
Q3 19	$122.6K	$89.3K
Q2 20	$404.7K	$399.1K
Q3 20	-$46.9K	-$54.4K
Q4 20	$580.0K	$541.5K
Q2 21	$1M	$953.7K
Q3 21	$107.0K	$90.7K
Q1 22	-$195.1K	-$335.9K
Q2 22	-$192.3K	-$331.0K
Q3 22	$321.4K	$302.8K
Q4 22	-$7M	-$14M
Q1 23	-$5M	-$5M
Q2 23	-$4M	-$5M
Q1 24	$0	$0
Q2 24	$0	$0
Q2 25	-$731.6K	-$739.7K

Capital Expenditures

Quarter	CapEx
Q2 19	$4.1K
Q3 19	$33.3K
Q2 20	$5.6K
Q3 20	$7.5K
Q4 20	$38.5K
Q2 21	$129.3K
Q3 21	$16.3K
Q1 22	$140.8K
Q2 22	$138.7K
Q3 22	$18.5K
Q4 22	$7M
Q1 23	$33.4K
Q2 23	$32.4K
Q1 24	$0
Q2 24	$0
Q2 25	$8.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+43.4%	+18.8%
Q3 19	+22.5%	+8.2%
Q2 20	+2.4%	-20.4%
Q3 20	-4.3%	-27.3%
Q4 20	-10.7%	-25.7%
Q2 21	+23.1%	+49.1%
Q3 21	+18.3%	-2.4%
Q1 22	+751.9%	+1253.3%
Q2 22	+741.1%	+1256.8%
Q3 22	+9.1%	-25.3%
Q4 22	+3750.8%	+4834.7%
Q1 23	+45.9%	+2.8%
Q2 23	+43.5%	+1.1%
Q1 24	+587.3%	+1255.3%
Q2 24	-81.8%	-65.6%
Q2 25	-36.6%	-23.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$4M	28.0%
Q2 22	$4M	28.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$2M	8.5%
Q2 23	$2M	8.5%
Q1 24	$8M	48.7%
Q2 24	$8M	48.7%
Q2 25	$218.2K	1.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 19	—	$316.8K	$85.7K
Q3 19	—	$230.2K	$64.5K
Q2 20	—	$257.0K	$86.8K
Q3 20	—	$225.1K	$84.0K
Q4 20	—	$316.7K	$69.5K
Q2 21	—	$417.2K	$141.5K
Q3 21	—	$141.1K	$91.3K
Q1 22	$5M	$2M	$2M
Q2 22	$5M	$2M	$2M
Q3 22	—	$197.1K	$118.2K
Q4 22	—	$9M	$5M
Q1 23	$1M	$440.3K	$1M
Q2 23	$1M	$426.8K	$1M
Q1 24	$3M	$10M	$2M
Q2 24	$3M	$10M	$2M
Q2 25	$942.8K	$2M	$1M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 19	43.4%	15.7%	59.0
Q3 19	22.5%	13.6%	36.1
Q2 20	2.4%	25.5%	27.9
Q3 20	-4.3%	26.5%	22.2
Q4 20	-10.7%	33.3%	22.6
Q2 21	23.1%	-9.2%	13.8
Q3 21	18.3%	35.7%	54.0
Q1 22	751.9%	-30.3%	721.6
Q2 22	741.1%	-30.3%	710.7
Q3 22	9.1%	20.9%	30.1
Q4 22	3750.8%	20.6%	3771.4
Q1 23	45.9%	1.7%	47.6
Q2 23	43.5%	1.7%	45.2
Q1 24	587.3%	-64.2%	523.0
Q2 24	-81.8%	-64.2%	-146.0
Q2 25	-36.6%	-7.2%	-43.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 20	$2M	$0	$2M
Q1 21	$2M	$0	$2M
Q2 21	$3M	$0	$3M
Q3 21	$5M	$0	$5M
Q4 21	$4M	$0	$4M
Q1 22	$0	$106M	$106M
Q3 22	$6M	$0	$6M
Q4 22	$36M	$0	$36M
Q1 23	$3M	$1M	$5M
Q2 23	$3M	$1M	$4M
Q3 23	$11M	$5M	$17M
Q4 23	$12M	$6M	$18M
Q1 24	$40M	$0	$40M
Q2 24	$38M	$0	$38M
Q4 24	$9M	$0	$9M
Q2 25	$106M	$0	$106M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	3M	0.0%	0.0%
Q3 19	3M	0.0%	0.0%
Q2 20	3M	0.0%	0.0%
Q3 20	3M	0.0%	0.0%
Q4 20	3M	0.0%	0.0%
Q2 21	3M	0.0%	0.0%
Q3 21	3M	0.0%	0.0%
Q1 22	7M	+110.7%	+110.7%
Q2 22	7M	0.0%	+110.7%
Q3 22	9M	+37.6%	+189.9%
Q4 22	9M	0.0%	+189.9%
Q1 23	12M	+27.3%	+75.2%
Q2 23	12M	0.0%	+75.2%
Q1 24	19M	+59.7%	+103.4%
Q2 24	19M	0.0%	+103.4%
Q2 25	22M	+12.8%	+80.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	—	—
Q3 19	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q2 21	—	—
Q3 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q1 24	—	—
Q2 24	—	—
Q2 25	$61.6K	219

Revenue / Employee