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Linkage Global Inc (UZX) stock

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NASDAQ: UZX Nasdaq Broadline Retail

E Fundamentals grade

Linkage Global Inc is a US-listed company in the broadline retail industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.8

Residual income

Base case. Range ~$0.5–$1.4. Book value plus the present value of returns above the cost of equity, fading over ten years.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Linkage Global Inc valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Linkage Global files

Where Linkage Global stands after its latest Filing

Revenue for the twelve months was $5m, down 50.5% on a year earlier, a steeper fall than the 19.2% decline a quarter earlier. That puts it 22 of 23 for growth among the broadline retail companies we cover. Free-cash-flow margin held at -95.2%. Operating margin narrowed to -90.4% from 5.7%. The diluted share count is up 173.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 3 of our 6 financial-health checks. Our residual income value is $0.80 a share, against a share price of $1.02.

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

Linkage Global Inc's trailing-twelve-month revenue fell 50.5% year on year, with a free-cash-flow margin of -95.2%. Where it stands out: gross margin of 72.6% ranks 3 of 22 broadline retail companies we cover. Where it lags: operating margin of -90.4% ranks 22 of 22 broadline retail companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -50.5% (-31.3pp vs the prior quarter).

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

Nothing in Linkage Global Inc's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 50.5% over the last 12 months.
  • Growth slowing. The growth rate is 31.3 points lower than a quarter earlier.
  • Loss-making. Operating margin is -90.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 89.7 points on a year ago.
  • Burning cash. Free cash flow was -95.2% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 23.7% of revenue, against a median of 0.8% for broadline retail companies we cover: a real cost that cash-flow figures leave out.

Price chart

  • 1 day+2.7%
  • 1 week+3.3%
  • 1 month-16.8%
  • This year-97.5%
  • 1 year-97.4%
  • S&P 500 this year+11.2%

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

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.1M
Operating margin
-90.4%
Net margin
-144.5%
EPS (TTM, diluted)
$-1.27

Growth

Revenue growth
−50.5%
Change in growth rate
−31.3 pts
Share count change
+173.6%

Cash

Free cash flow (TTM)
-$4.9M
FCF margin
-95.2%
Stock pay % of revenue
23.7%

News & updates

Updated October 31, 2026

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

No recent updates are available for UZX 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

Linkage Global Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Linkage Global Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.8 ~$0.5–$1.4 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.2 ~$0.2–$1.6 Left out: out of range vs price (0.18x)
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.8 ~$0.5–$1.4 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Linkage Global Inc with Broadline Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20242025
Share price$88.78$45.54
Market value$188m$264m
+ Net debt (− = net cash)−$163497$2m
Enterprise value$188m$266m
Multiples
Price / sales 18.3x51.8x
Price / earnings ——
Price / free cash flow ——
EV / EBITDA n/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 Linkage Global Inc: too few analysts cover it.

Positioning

Short interest
0.7%
of tradable shares
Days to cover
0.11
at average volume
Short interest, 1 month
−86%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
13.0%
of shares
Employees
46
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202420252026 to date
Return
UZX−72%−59%−98%
Industry peers (median)+25%+6%+6%
S&P 500+25%+18%+11%
Months that ended higher
UZX50%33%27%
S&P 50075%75%46%
Largest fall from a high during the year
UZX−96%−72%−98%
S&P 500−8%−19%−9%

Worst fall since December 19, 2023: 100% from July 18, 2024 to October 20, 2026. Getting back needed a 122950% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.00 – $50.32
From 52-week high
−97.9%
vs 50-day average
−38.0%
vs 200-day average
−93.2%
Volatility (1 year)
139%
Beta vs S&P 500
0.81

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.

Linkage Global Inc 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) Linkage Global Inc
$0 $10M $20M $30M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $15.5M Revenue (TTM), FY22 Q4: $22M Revenue (TTM), FY23 Q4: $12.7M Revenue (TTM), FY24 Q4: $10.3M Revenue (TTM), FY25 Q4: $5.1M $5.1M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $15.5M
FY22 Q4 $22M
FY23 Q4 $12.7M
FY24 Q4 $10.3M
FY25 Q4 $5.1M
Revenue growth, TTM YoY Linkage Global Inc
-100% -50% 0% 50% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 42.4% Revenue growth, TTM YoY, FY23 Q4: -42.2% Revenue growth, TTM YoY, FY24 Q4: -19.2% Revenue growth, TTM YoY, FY25 Q4: -50.5% -50.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 42.4%
FY23 Q4 -42.2%
FY24 Q4 -19.2%
FY25 Q4 -50.5%
Operating margin (TTM) Linkage Global Inc
-100% -50% 0% 50% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY21 Q4: 5.7% Operating margin (TTM), FY22 Q4: 6.4% Operating margin (TTM), FY23 Q4: -4.5% Operating margin (TTM), FY24 Q4: -0.7% Operating margin (TTM), FY25 Q4: -90.4% -90.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 5.7%
FY22 Q4 6.4%
FY23 Q4 -4.5%
FY24 Q4 -0.7%
FY25 Q4 -90.4%
FCF margin (TTM) Linkage Global Inc
-100% -50% 0% 50% FY21 Q4 FY22 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY21 Q4: -12.0% FCF margin (TTM), FY22 Q4: 3.1% FCF margin (TTM), FY23 Q4: -30.6% FCF margin (TTM), FY25 Q4: -95.2% -95.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY21 Q4 -12.0%
FY22 Q4 3.1%
FY23 Q4 -30.6%
FY25 Q4 -95.2%

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 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 15 22 13 10 5
Gross profit 3 4 2 4 4
EBITDA 1 1 −0 0 −5
Operating income 1 1 −1 −0 −5
Net income 1 1 −1 −0 −7
Diluted EPS $0.40 $0.50 −$0.33 −$0.21 −$1.27
Growth (year on year)
Revenue — +42.4% −42.2% −19.2% −50.5%
EBITDA — +63.1% −132.7% — —
Operating income — +60.0% −140.5% — —
Net income — +41.9% −161.2% — —
Diluted EPS — +25.0% −166.0% — —
Margins
Gross margin 16.4% 16.8% 14.6% 40.5% 72.6%
EBITDA margin 5.9% 6.8% −3.8% 0.1% −89.5%
Operating margin 5.7% 6.4% −4.5% −0.7% −90.4%
Net margin 4.9% 4.8% −5.1% −4.3% −144.5%
Free-cash-flow margin −12.0% 3.1% −30.6% — −95.2%
Cash flow
Cash from operations 1 1 −4 −2 −5
Capital spending 3 0 0 — 0
Free cash flow −2 1 −4 — −5
Stock-based pay — — — — 1
Free cash flow after stock pay — — — — −6
Balance sheet
Cash 2 4 1 2 1
Total debt 0 3 3 2 3
Net debt (negative = net cash) −2 −0 1 −0 2
Diluted shares 2m 2m 2m 2m 6m

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

3 of 6 checks passed · September 30, 2025
What it owns · $21m
Short-term assets $21mLonger-term assets $1m
What it owes, and who funded it · $21m
Short-term liabilities $4mLonger-term liabilities $1mShareholders' equity $16m
  • Short-term assets cover short-term liabilities $21m of assets due within a year against $4m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $21m short-term assets against $933,788 of longer-dated liabilities.
  • More cash than debt $734,711 of cash against $819,572 of debt.
  • Debt below 40% of shareholders' equity Debt is 5% of equity.
  • 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 −$5m of operating cash flow against $819,572 of debt.
  • Operating profit covers interest at least five times over Operating income of −$5m against $78 of interest.

From Linkage Global Inc'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
+173.6%
year over year
R&D spending
11.5%
of revenue
Days sales outstanding
356 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in broadline retail
Last 12 months unless stated UZX MOGU WBUY YJ DIBS HOUR Median
Revenue, last 12 months $5m $18m $19m $44m $91m $153m $2.8bn
Revenue growth, last 12 months −50.5% −9.7% −63.0% −24.0% 2.3% 10.8% 4.4%
Revenue growth, 3-year average — — — — 0.7% 11.0% 9.1%
Revenue growth, latest quarter — — — — 5.3% 25.2% 9.1%
Gross margin 72.6% 28.6% 12.0% 44.4% 74.0% 51.5% 44.4%
Operating margin −90.4% −57.6% −35.1% −45.2% −13.7% 1.5% 2.5%
Operating margin, 3-year average — −114.4% — −15.4% −23.1% 1.2% 2.8%
Net margin −144.5% 1.5% −45.3% −42.0% −8.5% 1.1% 1.7%
Cash from operations / revenue −91.9% −37.8% −15.5% −18.2% −1.0% −0.0% 4.0%
Free-cash-flow margin −95.2% −41.1% −20.5% −39.9% −1.9% −0.1% 2.1%
Free-cash-flow margin, 3-year average — −41.4% — −11.5% −7.0% 0.1% 3.0%
Stock pay / revenue 23.7% 0.0% 1.2% 0.1% 13.7% 0.0% 0.7%
Change in share count 173.6% 0.3% 179.2% 0.1% −0.4% 0.1% −0.4%

Median of all 23 companies we cover in broadline retail. 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

23 broadline retail companies
Measure Company Peer median Rank
Revenue growth Growth -50.5% 4.4% 22 of 23
Change in growth rate Growth -31.3pp +0.9pp 21 of 23
Gross margin Profitability 72.6% 44.4% 3 of 22
Operating margin Profitability -90.4% 3.6% 22 of 22
Net margin Profitability -144.5% 1.7% 23 of 23
Free-cash-flow margin Cash generation -95.2% 2.1% 23 of 23
Stock pay as % of revenue Cash generation 23.7% 0.8% 22 of 22
Long-term debt as % of assets Balance sheet 3.1% 6.2% 4 of 12
Change in share count Balance sheet 173.6% 0.1% 21 of 22
Days sales outstanding Balance sheet 356 days 13 days 14 of 14

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

Who owns it

13F filings for June 30, 2026
Reported value
$52,735
Institutions reporting
6
Shares held vs prior quarter
▲ 320.2%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Virtu Financial LLC $15,000 43K 28.4% New
Xtx Topco Ltd $13,464 38K 25.5% ▲ 176.6%
Jane Street Group, LLC $12,855 37K 24.4% New
Citadel Advisors LLC $7,415 21K 14.1% New
HRT Financial LP $4,000 14K 7.6% New
UBS Group AG $1 0K 0.0% ▼ 99.6%

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 Linkage Global Inc'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 Linkage Global Inc 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.

Linkage Global Inc in brief

What does Linkage Global Inc do?
Linkage Global Inc is a US-listed company in the broadline retail industry. Its financial year ends in September.
What is Linkage Global Inc's stock ticker?
Linkage Global Inc trades under the ticker UZX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Linkage Global Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Linkage Global Inc reported revenue of $5.1M, 50.5% lower than a year earlier, according to its SEC filings.
What is Linkage Global Inc's free cash flow?
Linkage Global Inc's free-cash-flow margin is -95.2% of revenue over the trailing twelve months, ranking 23 of the 23 broadline retail companies we cover.
Who are Linkage Global Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Virtu Financial LLC, Xtx Topco Ltd and Jane Street Group, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Linkage Global Inc's market cap?
On September 30, 2025, Linkage Global Inc's market capitalisation was about $264M and net debt of $1.9M. Market figures come from third-party market data and may be delayed.
How much debt does Linkage Global Inc have?
Linkage Global Inc's debt-to-equity ratio is 5.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Linkage Global Inc's competitors?
In our Broadline Retail peer group, the companies closest to Linkage Global Inc are Mogu Inc., Webuy Global LTD, Yunji Inc., 1stdibs.com, Inc. and Hour Loop, Inc. The side-by-side comparison below sets their revenue, margins and growth against Linkage Global Inc's.