Wellchange Holdings Company Limited (WCT)
Nasdaq: WCT · Services-Prepackaged Software · Hong Kong, CN · filing with the SEC since 2023
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Report filed | May 14, 2026 | May 16, 2025 | · | · |
| Revenue | 1,348,084 | 2,309,218 | 2,489,995 | 1,671,117 |
| For insurers | ||||
| Net investment income | · | 30 | · | · |
| Cost of revenue | 772,976 | 691,984 | 547,630 | 352,962 |
| Gross profit | 575,108 | 1,617,234 | 1,942,365 | 1,318,155 |
| Sales and marketing | 4,059,748 | 645,687 | · | · |
| General and administrative | 90,840 | 107,176 | 109,947 | 55,823 |
| Total operating expenses | 6,899,074 | 2,073,864 | 758,928 | 379,194 |
| Operating income | -6,323,966 | -456,630 | 1,183,437 | 938,961 |
| Interest expense | 12,437 | 17,111 | 17,383 | · |
| Interest and investment income | 792 | 1,826 | 748 | 346 |
| Other income (expense), net | -9,416 | 362 | -33 | 13 |
| Total non-operating income (expense) | -32,958 | -28,114 | -14,798 | -1,005 |
| Income before income taxes | -6,356,924 | -484,744 | 1,168,639 | 937,956 |
| Income tax expense | 965,881 | -53,200 | 231,030 | 157,308 |
| Net income | -7,322,805 | -431,544 | 937,609 | 780,648 |
| Earnings per share, basic | -4.734 | -1.063r | 2.344r | 1.95b |
| Earnings per share, diluted | -4.734 | -1.063r | 2.344r | 1.95b |
| Weighted average shares, basic | 1,546,889 | 406,095r | 400,000r | 400,000b |
| Weighted average shares, diluted | 1,546,889 | 406,095r | 400,000r | 400,000b |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-50 reverse split.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesNet investment income what its investments earned
us-gaap:NetInvestmentIncomeCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperatingInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding