Epsium Revenue Falls 59% to $5.1M While Margin Improves to 14.7%
For the fiscal year ended December 31, 2025, Epsium reported net revenue of $5.1 million, down from $12.5 million in 2024, and a net loss of $1.5 million versus prior-year income of $284,694. Gross profit fell to $753,769 but margin rose to 14.7%, while cash rose to $2.0 million post-IPO.
1. Annual Financial Performance
For fiscal year ended December 31, 2025, Epsium reported net revenue of $5.1 million, down from $12.5 million in 2024. Gross profit totaled $753,769 with a margin increase to 14.7%, while operating expenses rose to $2.2 million, resulting in a net loss of $1.5 million.
2. Balance Sheet and Liquidity
As of year-end, Epsium held $2.0 million in cash and equivalents versus $0.1 million in 2024, boosted by $5.0 million gross IPO proceeds. Working capital improved to $11.3 million from $8.1 million, strengthening liquidity following the March 2025 Nasdaq listing.
3. Business Strategy Update
Epsium continues shifting its product mix toward higher-margin premium beverages sold through casino and hotel channels. The company is diversifying beyond Chinese liquor into cognac, whisky and wine to capitalize on changing Macau consumer demand and competitive dynamics.