VSA

MKT CAP:$2M

VisionSys AI Inc.

Market Cap

$2M

Industrials·Specialty Business Services·🇨🇳 China·NASDAQ

Industrials·Specialty·🇨🇳·NASDAQ

Stock Price

$0.82-$1.64 (-66.78%)

Apr 22, 2026

Company Details

VisionSys AI, Inc. is a holding company, which engages in the provision of IT-focused supplementary science, technology, engineering, and mathematics (STEM) education services. It operates an education platform that has live distance instru...

CEO

Tianlong Wang

IPO Date

Jan 3, 2000

Website

ir.tctm.cn

Key Metrics TTM

Revenue

$311M

-16.4% YoY

Net Income

-$5M

EPS (Diluted)

-$0.48

Free Cash Flow

—

Revenue / Share

$27.64

Gross Margin

54.4%

Operating Margin

-2.3%

Net Margin

-1.6%

FCF Margin

—

P/S

0.0x

P/E

—

Earnings Reports

Q2 2023

Jun 30, 2023

$80M-16.0%EPS $0.10

Q1 2023

Mar 31, 2023

$56M-38.2%EPS -$0.68

Q4 2022

Dec 31, 2022

$81M-15.7%EPS -$0.25

Q3 2022

Sep 30, 2022

$94M+4.6%EPS $0.36

Q2 2022

Jun 30, 2022

$95M+11.4%EPS $0.63

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$96M	$55M	-$17M
Q4 19	$74M	$29M	-$48M
Q1 20	$43M	$4M	-$54M
Q2 20	$48M	$14M	-$43M
Q3 20	$91M	$51M	-$8M
Q4 20	$95M	$52M	-$12M
Q1 21	$78M	$37M	-$19M
Q2 21	$85M	$43M	-$13M
Q3 21	$90M	$46M	-$13M
Q4 21	$96M	$48M	-$9M
Q1 22	$91M	$52M	$4M
Q2 22	$95M	$55M	$7M
Q3 22	$94M	$52M	$3M
Q4 22	$81M	$47M	-$667.5K
Q1 23	$56M	$29M	-$9M
Q2 23	$80M	$41M	-$994.0K

Valuation

Quarter	P/S	P/E
Q3 19	0.6x	—
Q4 19	0.6x	—
Q1 20	0.7x	—
Q2 20	0.8x	—
Q3 20	0.8x	—
Q4 20	0.7x	—
Q1 21	0.6x	—
Q2 21	0.6x	—
Q3 21	0.6x	—
Q4 21	0.6x	—
Q1 22	0.6x	—
Q2 22	0.5x	—
Q3 22	0.5x	—
Q4 22	0.6x	16.6x
Q1 23	0.6x	205.6x
Q2 23	0.7x	—

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+62.2%	+31.0%
Q4 19	-1.6%	+25.1%
Q1 20	-57.9%	-12.6%
Q2 20	-28.1%	-4.0%
Q3 20	-5.8%	-13.0%
Q4 20	+27.6%	-12.6%
Q1 21	+80.9%	-0.2%
Q2 21	+75.5%	+7.4%
Q3 21	-0.9%	+3.9%
Q4 21	+0.8%	-2.7%
Q1 22	+16.8%	-10.3%
Q2 22	+11.4%	-10.7%
Q3 22	+4.6%	-11.6%
Q4 22	-15.7%	-22.2%
Q1 23	-38.2%	-25.4%
Q2 23	-16.0%	-8.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 19	$4M	$29M	$40M
Q4 19	$4M	$29M	$45M
Q1 20	$3M	$21M	$35M
Q2 20	$5M	$22M	$30M
Q3 20	$4M	$21M	$35M
Q4 20	$4M	$29M	$33M
Q1 21	$3M	$21M	$31M
Q2 21	$3M	$21M	$32M
Q3 21	$4M	$22M	$33M
Q4 21	$5M	$19M	$32M
Q1 22	$2M	$21M	$25M
Q2 22	$2M	$23M	$23M
Q3 22	$2M	$22M	$25M
Q4 22	$4M	$22M	$21M
Q1 23	$2M	$19M	$17M
Q2 23	$2M	$17M	$22M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 20	$58M	$876.7K	$59M
Q3 20	$51M	$876.7K	$52M
Q4 20	$47M	$914.2K	$48M
Q1 21	$40M	$925.8K	$41M
Q2 21	$38M	$908.4K	$39M
Q3 21	$32M	$908.4K	$32M
Q4 21	$62M	$914.2K	$63M
Q1 22	$60M	$911.2K	$61M
Q2 22	$61M	$911.2K	$62M
Q3 22	$49M	$911.2K	$50M
Q4 22	$29M	$0	$29M
Q1 23	$53M	$309.6K	$53M
Q2 23	$41M	$309.6K	$41M
Q2 24	$12M	$43.8K	$12M
Q4 24	$2M	$0	$2M
Q2 25	$361.1K	$0	$361.1K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	11M	+0.3%	-5.1%
Q4 19	11M	+0.5%	-4.7%
Q1 20	11M	+0.5%	-0.2%
Q2 20	11M	+0.4%	+1.7%
Q3 20	11M	+0.6%	+2.0%
Q4 20	11M	+0.8%	+2.4%
Q1 21	11M	+1.4%	+3.3%
Q2 21	11M	+1.1%	+3.9%
Q3 21	11M	+0.5%	+3.8%
Q4 21	11M	+0.1%	+3.1%
Q1 22	11M	+0.0%	+1.7%
Q2 22	11M	-1.8%	-1.2%
Q3 22	11M	+2.8%	+1.2%
Q4 22	11M	-5.8%	-4.8%
Q1 23	11M	-0.1%	-5.0%
Q2 23	11M	+4.5%	+1.1%

Shares Outstanding