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Big Tree Cloud Holdings Ltd (DSY) stock

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NASDAQ: DSY Nasdaq Paper Products

E Fundamentals grade

Big Tree Cloud Holdings Ltd is a US-listed company in the paper products industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Big Tree Cloud Holdings Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Big Tree Cloud Holdings Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Big Tree Cloud Holdings files

Where Big Tree Cloud stands after its latest Filing

Big Tree Cloud has little or no product revenue yet; it used $3m of cash in the twelve months. That puts it 167 of 170 for growth among the materials companies we cover. The diluted share count is up 14.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 1 of our 3 financial-health checks.

Our model value for Big Tree Cloud Holdings is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Big Tree Cloud Holdings Ltd's trailing-twelve-month revenue fell 49.3% year on year, with a free-cash-flow margin of -532.8%. Where it stands out: change in growth rate of +33.4pp ranks 16 of 168 materials companies we cover. Where it lags: stock pay as % of revenue of 2692.6% ranks 136 of 137 materials companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 50.9% while net income grew 89.1%: a 38pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 2427.4 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 49.3% over the last 12 months.
  • Loss-making. Operating margin is -578.0%: costs exceed revenue.
  • Burning cash. Free cash flow was -532.8% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 2692.6% of revenue, against a median of 0.7% for materials companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 14.4% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 313% and a beta of -2.4 against the S&P 500.

Price chart

  • 1 day+2.2%
  • 1 week+1.2%
  • 1 month-8.7%
  • This year-40.5%
  • 1 year-73.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$644,792
Operating margin
-578.0%
Net margin
-551.3%
EPS (TTM, diluted)
$-0.76

Growth

Revenue growth
−49.3%
Change in growth rate
+33.4 pts
Share count change
+14.4%

Cash

Free cash flow (TTM)
-$3.4M
FCF margin
-532.8%
Stock pay % of revenue
2692.6%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for DSY from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Big Tree Cloud Holdings Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

Valuation multiples over time Market data may be delayed

At fiscal year end 2023202420252026
Share price$207.70$33.80$29.00$2.68
Market value$519250$88m$118m$12m
+ Net debt (− = net cash)−$3m−$748099−$263984−$3m
Enterprise value−$3m$87m$118m$9m
Multiples
Price / sales 0.1x12.0x92.7x19.3x
Price / earnings 1.9x137.2x——
Price / free cash flow 0.1x———
EV / EBITDA n/m95.7x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Big Tree Cloud Holdings Ltd: too few analysts cover it.

Positioning

Short interest
2.7%
of tradable shares
Days to cover
2.32
at average volume
Short interest, 1 month
−31%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
0.0%
of shares
Employees
50
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202420252026 to date
Return
DSY−70%−91%−41%
Industry peers (median)+65%−63%−46%
S&P 500+25%+18%+11%
Months that ended higher
DSY33%25%36%
S&P 50075%75%46%
Largest fall from a high during the year
DSY−93%−93%−72%
S&P 500−8%−19%−9%

Worst fall since January 11, 2023: 99% from August 24, 2023 to June 5, 2026. Getting back needed a 12210% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.77 – $12.30
From 52-week high
−73.6%
vs 50-day average
−9.2%
vs 200-day average
−4.1%
Volatility (1 year)
313%
Beta vs S&P 500
-2.39

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Big Tree Cloud Holdings Ltd in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Big Tree Cloud Holdings Ltd
$0 $2M $4M $6M $8M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue (TTM), FY22 Q4: $1.9M Revenue (TTM), FY23 Q4: $6.3M Revenue (TTM), FY24 Q4: $7.3M Revenue (TTM), FY25 Q4: $1.3M Revenue (TTM), FY26 Q4: $644.8K $644.8K

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $1.9M
FY23 Q4 $6.3M
FY24 Q4 $7.3M
FY25 Q4 $1.3M
FY26 Q4 $644.8K
Revenue growth, TTM YoY Big Tree Cloud Holdings Ltd
-100% 0% 100% 200% 300% FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue growth, TTM YoY, FY23 Q4: 224.3% Revenue growth, TTM YoY, FY24 Q4: 16.4% Revenue growth, TTM YoY, FY25 Q4: -82.6% Revenue growth, TTM YoY, FY26 Q4: -49.3% -49.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 224.3%
FY24 Q4 16.4%
FY25 Q4 -82.6%
FY26 Q4 -49.3%
Operating margin (TTM) Big Tree Cloud Holdings Ltd
-4000% -3000% -2000% -1000% 0% 1000% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Operating margin (TTM), FY22 Q4: -99.9% Operating margin (TTM), FY23 Q4: 10.7% Operating margin (TTM), FY24 Q4: -0.4% Operating margin (TTM), FY25 Q4: -3005.5% Operating margin (TTM), FY26 Q4: -578.0% -578.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 -99.9%
FY23 Q4 10.7%
FY24 Q4 -0.4%
FY25 Q4 -3005.5%
FY26 Q4 -578.0%
FCF margin (TTM) Big Tree Cloud Holdings Ltd
-600% -400% -200% 0% 200% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FCF margin (TTM), FY22 Q4: -99.6% FCF margin (TTM), FY23 Q4: 66.5% FCF margin (TTM), FY24 Q4: -24.6% FCF margin (TTM), FY25 Q4: -550.2% FCF margin (TTM), FY26 Q4: -532.8% -532.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -99.6%
FY23 Q4 66.5%
FY24 Q4 -24.6%
FY25 Q4 -550.2%
FY26 Q4 -532.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 2 6 7 1 1
Gross profit 1 4 5 1 0
EBITDA −2 1 1 −38 −3
Operating income −2 1 −0 −38 −4
Net income −2 0 1 −33 −4
Diluted EPS −$0.04 $0.01 $0.25 −$8.00 −$0.77
Growth (year on year)
Revenue — +224.3% +16.4% −82.6% −49.3%
EBITDA — — −33.9% <−999% —
Operating income — — −103.9% — —
Net income — — +129.1% <−999% —
Diluted EPS — — +>999% <−999% —
Margins
Gross margin 56.4% 57.7% 66.9% 53.8% 7.0%
EBITDA margin −97.0% 21.9% 12.4% <−999% −459.9%
Operating margin −99.9% 10.7% −0.4% <−999% −578.0%
Net margin −97.5% 4.4% 8.7% <−999% −551.3%
Free-cash-flow margin −99.6% 66.5% −24.6% −550.2% −532.8%
Cash flow
Cash from operations −2 9 −2 −6 −3
Capital spending 0 5 0 1 0
Free cash flow −2 4 −2 −7 −3
Stock-based pay — — — 34 —
Free cash flow after stock pay — — — −41 —
Balance sheet
Cash 0 3 1 0 3
Total debt 0 0 0 0 0
Net debt (negative = net cash) −0 −3 −1 −0 −3
Diluted shares 50m — 3m 4m 5m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 30, 2026
What it owns · $10m
Short-term assets $4mLonger-term assets $7m
What it owes, and who funded it · $10m
Short-term liabilities $4mLonger-term liabilities $3mShareholders' equity $3m
  • Short-term assets cover short-term liabilities $4m of assets due within a year against $4m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$4m against $257,433 of interest.

From Big Tree Cloud Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+14.4%
year over year
R&D spending
7.5%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in paper products
Last 12 months unless stated DSY REFR LODE CITR SNES BYAH Median
Revenue, last 12 months $644792 $654232 $1m $1m $2m $3m $2.0bn
Revenue growth, last 12 months −49.3% −46.5% −69.1% −26.4% 13.4% 6.0% 8.2%
Revenue growth, 3-year average — −2.9% 95.1% 134.1% 29.8% — 1.9%
Revenue growth, latest quarter — −33.5% −19.7% −59.2% 23.2% — 9.2%
Gross margin 7.0% — −165.6% −5.2% 66.2% 94.4% 25.6%
Operating margin −578.0% −348.1% <−999% <−999% −303.7% −956.5% 7.6%
Operating margin, 3-year average — −210.0% <−999% −992.9% −353.6% — 8.1%
Net margin −551.3% −343.9% <−999% <−999% −294.7% −965.0% 3.6%
Cash from operations / revenue −531.0% −238.6% <−999% −576.8% −281.4% 3.4% 10.1%
Free-cash-flow margin −532.8% −238.6% <−999% −579.5% −283.7% −0.1% 5.1%
Free-cash-flow margin, 3-year average — −148.0% <−999% −301.2% −342.6% — 4.6%
Stock pay / revenue >999% 33.2% 29.7% 742.9% 12.1% 953.3% 0.7%
Change in share count 14.4% 1.5% 40.6% 93.5% 74.4% 17.8% 0.4%

Median of all 171 companies we cover in paper products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

171 materials companies
Measure Company Peer median Rank
Revenue growth Growth -49.3% 8.3% 167 of 170
Change in growth rate Growth +33.4pp +2.4pp 16 of 168
Gross margin Profitability 7.0% 26.1% 136 of 151
Operating margin Profitability -578.0% 7.0% 135 of 140
Net margin Profitability -551.3% 3.8% 164 of 170
Free-cash-flow margin Cash generation -532.8% 5.0% 162 of 167
Stock pay as % of revenue Cash generation 2692.6% 0.7% 136 of 137
Change in share count Balance sheet 14.4% 0.4% 133 of 161
Days sales outstanding Balance sheet 50 days 45 days 78 of 125

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2,664
Institutions reporting
2
Shares held vs prior quarter
▼ 99.3%
Positions opened / closed
1 / 1

Top buyers and sellers, Q2 2026: 1 institutions bought and 1 sold ; the biggest buyer was UBS Group AG (+594 shares) and the biggest seller Sabby Management, LLC (−138K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $1,592 1K 59.8% New
Osaic Holdings, Inc. $1,072 0K 40.2% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Big Tree Cloud Holdings Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Big Tree Cloud Holdings Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Big Tree Cloud Holdings Ltd in brief

What does Big Tree Cloud Holdings Ltd do?
Big Tree Cloud Holdings Ltd is a US-listed company in the paper products industry. Its financial year ends in June.
What is Big Tree Cloud Holdings Ltd's stock ticker?
Big Tree Cloud Holdings Ltd trades under the ticker DSY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Big Tree Cloud Holdings Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Big Tree Cloud Holdings Ltd reported revenue of $644,792, 49.3% lower than a year earlier, according to its SEC filings.
What is Big Tree Cloud Holdings Ltd's free cash flow?
Big Tree Cloud Holdings Ltd's free-cash-flow margin is -532.8% of revenue over the trailing twelve months, ranking 162 of the 167 materials companies we cover.
What is Big Tree Cloud Holdings Ltd's market cap?
On June 30, 2026, Big Tree Cloud Holdings Ltd's market capitalisation was about $12.5M and net debt of -$3.1M. Market figures come from third-party market data and may be delayed.
Who are Big Tree Cloud Holdings Ltd's competitors?
In our Paper Products peer group, the companies closest to Big Tree Cloud Holdings Ltd are Research Frontiers Inc, Comstock Inc., Citrotech Inc., Senestech, Inc. and Park Ha Biological Technology Co., Ltd. The side-by-side comparison below sets their revenue, margins and growth against Big Tree Cloud Holdings Ltd's.