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Golden Heaven Group Holdings LTD. (GDHG) stock

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NASDAQ: GDHG Nasdaq Specialized Consumer Services

D Fundamentals grade

Golden Heaven Group Holdings LTD. is a US-listed company in the specialized consumer services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: cash-flow, stock-pay or share-count figures missing or out of date.

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Under review: cash-flow, stock-pay or share-count figures missing or out of date.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.

Golden Heaven Group 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.

  • Funds3 adding, 0 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 Golden Heaven Group Holdings files

Where Golden Heaven stands after its latest Filing

Revenue for the twelve months was $15m, down 31.5% on a year earlier, a steeper fall than the 29.7% decline a quarter earlier. That puts it 17 of 18 for growth among the specialized consumer services companies we cover. Free-cash-flow margin rose to 102.8% from -15.2% a year earlier. Operating margin narrowed to -44.5% from 48.6%. The diluted share count is up 11508.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks.

Our model value for Golden Heaven Group 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

Golden Heaven Group Holdings LTD.'s trailing-twelve-month revenue fell 31.5% year on year, with a free-cash-flow margin of 102.8%. Where it stands out: free-cash-flow margin of 102.8% ranks 1 of 18 specialized consumer services companies we cover. Where it lags: stock pay as % of revenue of 61.2% ranks 16 of 16 specialized consumer services companies we cover.

Current signal Balance sheet growing far ahead of sales: Total assets grew 94% year over year while revenue fell 32% — the balance sheet is expanding 126 points faster than the business it supports.

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

  • Strong cash generation. 102.8% of revenue turned into free cash flow, against a median of 8.3% for specialized consumer services companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Revenue shrinking. Revenue fell 31.5% over the last 12 months.
  • Loss-making. Operating margin is -44.5%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 44.4 points on a year ago.
  • Heavy stock-based pay. Stock pay equals 61.2% of revenue, against a median of 2.0% for specialized consumer services companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 11508.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 95% and a beta of 0.4 against the S&P 500.

Price chart

  • 1 day-1.8%
  • 1 week-5.2%
  • 1 month-6.8%
  • This year-42.8%
  • 1 year-72.8%
  • 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)
$15.3M
Operating margin
-44.5%
Net margin
-56.2%
EPS (TTM, diluted)
$-10.83

Growth

Revenue growth
−31.5%
Change in growth rate
−1.8 pts
Share count change
+11508.7%

Cash

Free cash flow (TTM)
$15.7M
FCF margin
102.8%
Stock pay % of revenue
61.2%

News & updates

Updated October 31, 2026

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

No recent updates are available for GDHG 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

Golden Heaven Group 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 202320242025
Share price$147750.00$1020.00$7.50
Market value$400m$7m$6m
+ Net debt (− = net cash)−$106628−$20m−$86m
Enterprise value$400m−$13m−$80m
Multiples
Price / sales 12.6x0.3x0.4x
Price / earnings 61.1x——
Price / free cash flow ——0.3x
EV / EBITDA 28.4xn/m—

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: Medium.

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 Golden Heaven Group Holdings LTD.: too few analysts cover it.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
0.52
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
29.6%
of shares
Employees
86
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
GDHG−94%−100%−43%
Industry peers (median)+13%−4%−32%
S&P 500+25%+18%+11%
Months that ended higher
GDHG17%25%27%
S&P 50075%75%46%
Largest fall from a high during the year
GDHG−96%−100%−54%
S&P 500−8%−19%−9%

Worst fall since April 12, 2023: 100% from November 27, 2023 to October 22, 2026. Getting back needed a 43410614% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.05 – $4.61
From 52-week high
−76.4%
vs 50-day average
−7.6%
vs 200-day average
−30.7%
Volatility (1 year)
95%
Beta vs S&P 500
0.36

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.

Golden Heaven Group Holdings LTD. in five measures

Fundamentals grade D
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) Golden Heaven Group Holdings LTD.
$10M $20M $30M $40M $50M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $38.5M Revenue (TTM), FY22 Q4: $41.8M Revenue (TTM), FY23 Q4: $31.8M Revenue (TTM), FY24 Q4: $22.3M Revenue (TTM), FY25 Q4: $15.3M $15.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $38.5M
FY22 Q4 $41.8M
FY23 Q4 $31.8M
FY24 Q4 $22.3M
FY25 Q4 $15.3M
Revenue growth, TTM YoY Golden Heaven Group Holdings LTD.
-40% -20% 0% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 8.5% Revenue growth, TTM YoY, FY23 Q4: -23.9% Revenue growth, TTM YoY, FY24 Q4: -29.7% Revenue growth, TTM YoY, FY25 Q4: -31.5% -31.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 8.5%
FY23 Q4 -23.9%
FY24 Q4 -29.7%
FY25 Q4 -31.5%
Operating margin (TTM) Golden Heaven Group Holdings LTD.
-50% 0% 50% 100% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY21 Q4: 48.6% Operating margin (TTM), FY22 Q4: 50.7% Operating margin (TTM), FY23 Q4: 33.7% Operating margin (TTM), FY24 Q4: -0.1% Operating margin (TTM), FY25 Q4: -44.5% -44.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 48.6%
FY22 Q4 50.7%
FY23 Q4 33.7%
FY24 Q4 -0.1%
FY25 Q4 -44.5%
FCF margin (TTM) Golden Heaven Group Holdings LTD.
-100% -50% 0% 50% 100% 150% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: -15.2% FCF margin (TTM), FY22 Q4: 44.4% FCF margin (TTM), FY23 Q4: -85.7% FCF margin (TTM), FY24 Q4: -13.8% FCF margin (TTM), FY25 Q4: 102.8% 102.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY21 Q4 -15.2%
FY22 Q4 44.4%
FY23 Q4 -85.7%
FY24 Q4 -13.8%
FY25 Q4 102.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. 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 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 39 42 32 22 15
Gross profit 27 30 19 10 8
EBITDA 22 24 14 4 −4
Operating income 19 21 11 −0 −7
Net income 14 14 7 −2 −9
Diluted EPS $14.00 $14.33 $2417.00 −$262.73 −$10.83
Growth (year on year)
Revenue — +8.5% −23.9% −29.7% −31.5%
EBITDA — +10.8% −42.2% −74.0% −197.1%
Operating income — +13.2% −49.4% −100.2% —
Net income — +5.5% −54.3% −127.4% —
Diluted EPS — +2.4% +>999% −110.9% —
Margins
Gross margin 69.7% 72.2% 60.8% 44.8% 50.2%
EBITDA margin 57.2% 58.4% 44.3% 16.4% −23.3%
Operating margin 48.6% 50.7% 33.7% −0.1% −44.5%
Net margin 35.3% 34.3% 20.6% −8.0% −56.2%
Free-cash-flow margin −15.2% 44.4% −85.7% −13.8% 124.0%
Cash flow
Cash from operations −5 19 −19 −3 19
Capital spending 1 0 8 0 0
Free cash flow −6 19 −27 −3 19
Stock-based pay — — — 2 9
Free cash flow after stock pay — — — −5 10
Balance sheet
Cash 13 22 0 20 86
Total debt 0 0 0 0 0
Net debt (negative = net cash) −13 −22 −0 −20 −86
Diluted shares 1m 1m — — —

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

2 of 2 checks passed · September 30, 2025
What it owns · $191m
Short-term assets $110mLonger-term assets $81m
What it owes, and who funded it · $191m
Short-term liabilities $4mLonger-term liabilities $6mShareholders' equity $181m
  • Short-term assets cover short-term liabilities $110m of assets due within a year against $4m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $110m short-term assets against $6m 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 Interest not separately reported. Not assessable.

From Golden Heaven Group 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
+11508.7%
year over year

Competitors: side by side with peers

Closest by revenue in specialized consumer services
Last 12 months unless stated GDHG XWEL NTRP DLPN WINA NXXT Median
Revenue, last 12 months $15m $28m $5m $58m $92m $95m $222m
Revenue growth, last 12 months −31.5% −7.6% 356.8% 12.5% 8.6% 90.3% 5.8%
Revenue growth, 3-year average — −5.5% — 11.2% 2.9% 67.0% 3.7%
Revenue growth, latest quarter — −7.1% −27.8% 2.5% 23.2% 40.9% 2.8%
Gross margin 50.2% 34.3% 17.3% 94.8% — 9.0% 35.1%
Operating margin −44.5% −61.3% −306.2% −2.4% 59.7% −50.9% 2.2%
Operating margin, 3-year average — −62.1% −784.6% −15.7% 62.8% −57.3% −3.8%
Net margin −56.2% −82.9% −319.8% −6.3% 45.1% −61.3% 1.9%
Cash from operations / revenue 124.0% −39.8% −184.6% −7.0% 48.0% −13.4% 8.7%
Free-cash-flow margin 102.8% −47.6% −212.6% −7.0% 47.7% −16.0% 6.6%
Free-cash-flow margin, 3-year average — −46.3% −538.5% −4.3% 50.7% −25.1% 5.7%
Stock pay / revenue 61.2% 4.9% 0.9% 0.7% 2.8% 3.5% 1.9%
Change in share count >999% 32.2% — 10.1% 0.5% — 4.4%

Median of all 18 companies we cover in specialized consumer services. 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

18 specialized consumer services companies
Measure Company Peer median Rank
Revenue growth Growth -31.5% 6.7% 17 of 18
Change in growth rate Growth -1.8pp -1.2pp 10 of 18
Gross margin Profitability 50.2% 35.1% 5 of 14
Operating margin Profitability -44.5% 4.3% 13 of 16
Net margin Profitability -56.2% 3.1% 15 of 18
Free-cash-flow margin Cash generation 102.8% 8.3% 1 of 18
Stock pay as % of revenue Cash generation 61.2% 2.0% 16 of 16
Change in share count Balance sheet 11508.7% 7.2% 15 of 15

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

Who owns it

Funds buying and selling
Reported value
$38,833
Institutions reporting
4
Shares held vs prior quarter
▲ 30.1%
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 3 institutions bought and 0 sold ; the biggest buyer was Marex Group Ltd (+7,008 shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Marex Group Ltd $38,420 30K 98.9% ▲ 29.8%
UBS Group AG $411 0K 1.1% ▲ 63.0%
FMR LLC $1 0K 0.0% 0.0%
Caitong International Asset Management Co., Ltd $1 0K 0.0% New

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 Golden Heaven Group 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 Golden Heaven Group 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.

Golden Heaven Group Holdings LTD. in brief

What does Golden Heaven Group Holdings LTD. do?
Golden Heaven Group Holdings LTD. is a US-listed company in the specialized consumer services industry. Its financial year ends in September.
What is Golden Heaven Group Holdings LTD.'s stock ticker?
Golden Heaven Group Holdings LTD. trades under the ticker GDHG on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Golden Heaven Group Holdings LTD.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Golden Heaven Group Holdings LTD. reported revenue of $15.3M, 31.5% lower than a year earlier, according to its SEC filings.
What is Golden Heaven Group Holdings LTD.'s free cash flow?
Golden Heaven Group Holdings LTD.'s free-cash-flow margin is 102.8% of revenue over the trailing twelve months, ranking 1 of the 18 specialized consumer services companies we cover.
Who are Golden Heaven Group Holdings LTD.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Marex Group Ltd, UBS Group AG and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Golden Heaven Group Holdings LTD.'s market cap?
On September 30, 2025, Golden Heaven Group Holdings LTD.'s market capitalisation was about $6M and net debt of -$86M. Market figures come from third-party market data and may be delayed.
Who are Golden Heaven Group Holdings LTD.'s competitors?
In our Specialized Consumer Services peer group, the companies closest to Golden Heaven Group Holdings LTD. are Xwell, Inc., Nexttrip, Inc., Dolphin Entertainment, Inc., Winmark Corp and Nextnrg, Inc. The side-by-side comparison below sets their revenue, margins and growth against Golden Heaven Group Holdings LTD.'s.