QDM International Inc. reported fiscal 2026 revenue of $21.48M and net income of $7.53M for the year ended March 31, 2026, compared with $8.38M and $4.82M, respectively, in the prior year.
Financial Highlights
- Revenue was $21.476M for the year ended Mar 31, 2026, up from $8.381M in FY 2025; YoY change 156.4%.
- Net income was $7.533M for the year ended Mar 31, 2026, up from $4.823M in FY 2025; YoY change 56.2%.
Business Highlights
- Revenue growth was driven by strong commission growth in the company’s insurance brokerage operations, lifting full-year revenue 156% year over year.
- QDM expanded referral channels, launching partnerships with trust and broker firms since December 2023, which added referral revenue during the year.
- Gross margin compressed due to higher referral fees that briefly reached as much as 90% before normalizing to about 50% after internal adjustments and guidance.
- The company scaled operations by hiring additional staff, increasing salaries and bonuses, and expanding office leases to support growth.
- Corporate actions during the period included a 2025 1-for-34 reverse split, formation of BVI and Hong Kong subsidiaries, and adoption of a 2026 equity incentive plan.
Original SEC Filing:
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