J-star Holding Co., Ltd. income statement

In fiscal 2025, J-star Holding Co., Ltd. reported revenue of $9.9m, down 43.5% on the year before, operating income of −$20.6m (a -207.7% margin) and net income of −$20.2m, or −$1.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

J-star Holding Co., Ltd.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	24	18	10
Cost of revenue	21	12	5
Gross profit	3	6	5
Research and development	1	1	1
Operating income	−1	1	−21
Interest expense	0	0	0
Income before tax	1	1	−20
Income tax	−0	0	0
Net income	1	1	−20
Diluted EPS	$0.09	$0.07	−$1.23
Diluted shares (average)	16m	16m	16m
EBITDA	−1	1	−20

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from J-star Holding Co., Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to J-star Holding Co., Ltd.