Overview
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- TickerCLPS on Nasdaq1
- IndustryServices-Prepackaged Software1
- HeadquartersKowloon, Hong Kong1
- Incorporated inCayman Islands3
- Business addressUnit 1102, 11Th Fl, Millennium City 3, 370 Kwun Tong Road, Kwun Tong, Kowloon, K3 0000003
- Filer categoryNon-accelerated filer3
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430,804 shares to Qinmeng Ltd. and 428,373 shares to Qinyao Ltd. All of the five shareholders are incorporated in the British Virgin Islands.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
22.1%Gross margin2
-3.3%Operating margin2
-4.3%Net margin2
15.2%Revenue growth, 20252
-12.7%Return on equity2
-$3.8MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
ITServices Subtotal brought in 50% of the revenue CLPS Inc broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| ITServices Subtotal | $150.4M | $141.8M | $162.5M |
| Fintech It Consulting Service | $144.3M | $136.8M | $158.8M |
| Customized It Solution Service | $4.6M | $3.1M | $2.8M |
| Academic Education Services | $1.0M | $2.0M |
Regions
China brought in 74% of the revenue CLPS Inc broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| China | $134.2M | $120.5M | $122.0M |
| Singapore | $8.7M | $11.0M | $21.9M |
| Hong Kong | $4.3M | $6.2M | $14.4M |
| United States | $2.8M | $4.4M | $3.9M |
| Japan | $254.6K | $566.4K | $2.0M |
| India | $8.5K | $213.9K | |
| Others | $92.3K | $126.5K | $116.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue78¢$128.2M
- Research and development4¢$5.8M
- Other costs18¢$29.5M
- Income tax1¢$947.5K
Out of $164.5M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Total revenue | $164.5M | $142.8M | $150.4M |
| Total cost of revenue | -$128.2M | -$109.9M | -$115.9M |
| Gross profit | $36.3M | $32.9M | $34.5M |
| Selling and marketing expenses | -$5.2M | -$4.6M | -$3.3M |
| Research and development expenses | -$5.8M | -$7.2M | -$8.3M |
| General and administrative expenses | -$31.9M | -$25.1M | -$21.6M |
| Impairment of goodwill | -$129.3K | -$2.4M | |
| Subsidies and other operating income | $1.3M | $1.4M | $1.3M |
| Total operating expenses | -$41.7M | -$35.5M | -$34.4M |
| (Loss) income from operations | -$5.4M | -$2.5M | $76.4K |
| Other income | $1.2M | $1.3M | $1.1M |
| Other expenses | -$936.0K | -$556.4K | -$430.4K |
| (Loss) income before income tax and share of income (loss) in equity investees | -$5.1M | -$1.8M | $769.6K |
| Provision for income taxes | $947.5K | $160.7K | $674.3K |
| (Loss) income before share of income (loss) in equity investees | -$6.0M | -$2.0M | $95.3K |
| Share of income (loss) in equity investees, net of tax | -$403.4K | $156.8K | $70.3K |
| Net (loss) income | -$6.4M | -$1.8M | $165.6K |
| Less: net income (loss) attributable to noncontrolling interest | $623.2K | $482.7K | -$27.0K |
| Net (loss) income attributable to CLPS Incorporation's shareholders | -$7.0M | -$2.3M | $192.5K |
| Foreign currency translation income (loss) | $1.3M | -$355.4K | -$3.5M |
| Less: foreign currency translation income (loss) attributable to noncontrolling interests | $14.7K | -$78 | -$92.2K |
| Other comprehensive income (loss) attributable to CLPS Incorporations shareholders | $1.2M | -$355.3K | -$3.4M |
| Comprehensive loss attributable to CLPS Incorporation's shareholders | -$5.8M | -$2.7M | -$3.2M |
| Comprehensive income (loss) attributable to noncontrolling interests | $637.8K | $482.6K | -$119.1K |
| Comprehensive loss | -$5.2M | -$2.2M | -$3.4M |
| Basic (losses) earnings per common share (in Dollars per share) | -$0.26 | -$0.09 | $0.01 |
| Weighted average number of share outstanding basic (in Shares) | 27.5M shares | 25.2M shares | 23.2M shares |
| Diluted (losses) earnings per common share (in Dollars per share) | -$0.26 | -$0.09 | $0.01 |
| Weighted average number of share outstanding diluted (in Shares) | 27.5M shares | 25.2M shares | 23.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.2M | $29.1M | $22.2M | |
| Restricted cash | $24.1K | |||
| Short-term investments | $896.9K | $2.1M | ||
| Accounts receivable, net | $44.9M | $38.8M | ||
| Prepayments, deposits and other assets, net | $7.4M | $4.5M | ||
| Total Current Assets | $85.8M | $78.1M | ||
| Property and equipment, net | $21.2M | $21.2M | ||
| Intangible assets, net | $2.1M | $2.3M | ||
| Goodwill | $1.4M | $1.5M | ||
| Operating lease right-of-use assets | $3.4M | $2.8M | ||
| Long-term investments | $1.7M | $613.8K | ||
| Prepayments, deposits and other assets, net | $481.8K | $594.6K | ||
| Deferred tax assets, net | $73.9K | $697.0K | ||
| Total Assets | $118.1M | $110.0M | ||
| Bank loans | $30.2M | $23.2M | ||
| Accounts payable | $2.5M | $949.1K | ||
| Accrued expenses and other current liabilities | $260.9K | $799.5K | ||
| Tax payables | $2.5M | $2.4M | ||
| Contract liabilities | $2.5M | $1.1M | ||
| Salaries and benefits payable | $14.1M | $9.9M | ||
| Operating lease liabilities | $2.3M | $1.4M | ||
| Total current liabilities | $54.4M | $39.8M | ||
| Operating lease liabilities | $1.3M | $1.6M | ||
| Deferred tax liabilities | $251.8K | $378.3K | ||
| Unrecognized tax benefits | $3.7M | $3.4M | ||
| Other non-current liabilities | $896.7K | $884.0K | ||
| Total Liabilities | $60.5M | $46.1M | ||
| Common shares, $0.0001 par value, 100,000,000 shares authorized; 27,988,452 shares issued and outstanding as of June 30, 2025; 25,640,056 shares issued and outstanding as of June 30, 2024 | $2.8K | $2.6K | ||
| Additional paid-in capital | $60.2M | $61.4M | ||
| Statutory reserves | $5.9M | $5.6M | ||
| Accumulated deficit | -$7.4M | -$51.7K | ||
| Accumulated other comprehensive loss | -$3.1M | -$4.3M | -$4.0M | |
| Total CLPS Incorporations Shareholders Equity | $55.5M | $62.5M | ||
| Noncontrolling interests | $2.0M | $1.4M | ||
| Total Shareholders Equity | $57.6M | $63.9M | $65.5M | $67.8M |
| Total Liabilities and Shareholders Equity | $118.1M | $110.0M | ||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 28.0M shares | 25.6M shares | ||
| Common stock, shares outstanding | 28.0M shares | 25.6M shares |
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.2M | $29.1M | $22.2M | |
| Restricted cash | $24.1K | |||
| Short-term investments | $896.9K | $2.1M | ||
| Accounts receivable, net | $44.9M | $38.8M | ||
| Prepayments, deposits and other assets, net | $7.4M | $4.5M | ||
| Total Current Assets | $85.8M | $78.1M | ||
| Property and equipment, net | $21.2M | $21.2M | ||
| Intangible assets, net | $2.1M | $2.3M | ||
| Goodwill | $1.4M | $1.5M | ||
| Operating lease right-of-use assets | $3.4M | $2.8M | ||
| Long-term investments | $1.7M | $613.8K | ||
| Prepayments, deposits and other assets, net | $481.8K | $594.6K | ||
| Deferred tax assets, net | $73.9K | $697.0K | ||
| Total Assets | $118.1M | $110.0M | ||
| Bank loans | $30.2M | $23.2M | ||
| Accounts payable | $2.5M | $949.1K | ||
| Accrued expenses and other current liabilities | $260.9K | $799.5K | ||
| Tax payables | $2.5M | $2.4M | ||
| Contract liabilities | $2.5M | $1.1M | ||
| Salaries and benefits payable | $14.1M | $9.9M | ||
| Operating lease liabilities | $2.3M | $1.4M | ||
| Total current liabilities | $54.4M | $39.8M | ||
| Operating lease liabilities | $1.3M | $1.6M | ||
| Deferred tax liabilities | $251.8K | $378.3K | ||
| Unrecognized tax benefits | $3.7M | $3.4M | ||
| Other non-current liabilities | $896.7K | $884.0K | ||
| Total Liabilities | $60.5M | $46.1M | ||
| Common shares, $0.0001 par value, 100,000,000 shares authorized; 27,988,452 shares issued and outstanding as of June 30, 2025; 25,640,056 shares issued and outstanding as of June 30, 2024 | $2.8K | $2.6K | ||
| Additional paid-in capital | $60.2M | $61.4M | ||
| Statutory reserves | $5.9M | $5.6M | ||
| Accumulated deficit | -$7.4M | -$51.7K | ||
| Accumulated other comprehensive loss | -$3.1M | -$4.3M | -$4.0M | |
| Total CLPS Incorporations Shareholders Equity | $55.5M | $62.5M | ||
| Noncontrolling interests | $2.0M | $1.4M | ||
| Total Shareholders Equity | $57.6M | $63.9M | $65.5M | $67.8M |
| Total Liabilities and Shareholders Equity | $118.1M | $110.0M | ||
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 28.0M shares | 25.6M shares | ||
| Common stock, shares outstanding | 28.0M shares | 25.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Net (loss) income | -$6.4M | -$1.8M | $165.6K |
| Share-based compensation | $2.5M | $3.2M | $2.5M |
| Depreciation and amortization | $1.9M | $1.3M | $1.2M |
| Deferred tax expenses (benefits) | $484.3K | -$717.7K | $264.0K |
| Lease expense to reduce operating lease right-of -use assets | $2.0M | $1.5M | $1.1M |
| Share of loss (income) in equity investees, net of tax | $403.4K | -$156.8K | -$70.3K |
| Loss on disposal of subsidiaries | $38.7K | ||
| Provision for (reversal of) credit losses | $33.9K | $589.5K | -$10.5K |
| Loss from disposal of property and equipment | $3.5K | $9.7K | |
| Impairment of long-term investments | $85.3K | ||
| Impairment of goodwill | $129.3K | $2.4M | |
| Others | -$60.0K | -$258.3K | |
| Accounts receivable | -$5.4M | $7.2M | $454.1K |
| Prepayment, deposits and other assets | -$2.5M | -$308.4K | $3.5M |
| Amounts due from related parties | -$239.8K | -$26.3K | $27.8K |
| Accounts payable | $1.6M | $212.8K | $346.4K |
| Accrued expenses and other current liabilities | -$382.5K | -$189.9K | $3.9K |
| Contract liabilities | $1.3M | -$226.6K | $331.3K |
| Tax payables | $112.1K | -$303.3K | $148.3K |
| Amounts due to related parties | -$1.2K | -$19.4K | -$291.1K |
| Salaries and benefits payable | $3.9M | -$1.1M | -$769.9K |
| Operating lease liabilities | -$2.1M | -$1.2M | -$1.1M |
| Unrecognized tax benefit | $250.8K | $1.1M | -$266.3K |
| Net cash (used in) provided by operating activities | -$2.5M | $8.9M | $9.7M |
| Acquisition of property and equipment | -$1.3M | -$2.1M | -$519.3K |
| Proceeds from disposal of property and equipment | $1.3K | $8.5K | $158.4K |
| Acquisition of intangible assets | -$9.6K | ||
| Payments for business acquisitions, net of cash acquired from acquisitions | -$211.4K | -$2.4M | |
| Acquisition of long-term investments | -$1.5M | ||
| Disposition of long-term investments | $111.1K | ||
| Disposition of subsidiaries | $13.8K | ||
| Maturities of short-term investments | $2.7M | $1.1M | $14.1M |
| Purchases of short-term investments | -$1.5M | -$3.2M | -$14.1M |
| Repayments from related parties | $2.9M | $829.8K | $204.2K |
| Loans provided to related parties | -$3.0M | -$6.5M | -$274.2K |
| Net cash used in investing activities | -$1.8M | -$12.3M | -$306.0K |
| Proceeds from short-term bank loans | $42.9M | $44.5M | $23.4M |
| Repayments of short-term bank loans | -$36.2M | -$31.8M | -$26.3M |
| Payments for subsidiarys offering costs | -$161.2K | ||
| Dividends paid to shareholders | -$3.6M | -$2.6M | -$1.2M |
| Dividends paid to noncontrolling interests | -$207.1K | ||
| Net cash provided by (used in) financing activities | $2.9M | $10.2M | -$4.3M |
| Effect of exchange rate changes on cash | $430.7K | -$28.5K | -$1.2M |
| Net (decrease) increase in cash | -$967.4K | $6.8M | $3.9M |
| Income tax paid | $379.1K | $857.5K | $1.6M |
| Interest paid | $482.2K | $407.6K | $365.9K |
No quarter-by-quarter statement was filed.
Corporate structure
CLPS Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CLPS Inc
- QINHUI LTD. Filed SC 13D/A on CLPS Inc, latest Jul 30, 2024 (4 filings since Feb 14, 2022)
- QINRUI LTD. Filed SC 13D/A on CLPS Inc, latest Aug 17, 2023 (2 filings since Feb 14, 2022)
- CLPS Inc Kowloon, Hong Kong
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CLPS Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $26.2M2 Jun 30, 2025 | $24.7M2 Jun 30, 2024 | +6.0% |
| Accumulated depreciation | $5.0M2 Jun 30, 2025 | $3.6M2 Jun 30, 2024 | +40.4% |
| Property and equipment, net | $21.2M2 Jun 30, 2025 | $21.2M2 Jun 30, 2024 | +0.2% |
| Operating-lease assets (leased space) | $3.4M2 Jun 30, 2025 | $2.8M2 Jun 30, 2024 | +22.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.2M2 Jun 30, 2025 | $29.1M2 Jun 30, 2024 | −3.2% |
| Marketable securities, current | $896.9K2 Jun 30, 2025 | $2.1M2 Jun 30, 2024 | −57.3% |
| Debt securities available for sale | $60.0K2 Jun 30, 2025 | ||
| Debt securities held to maturity | $869.9K2 Jun 30, 2025 | $2.1M2 Jun 30, 2024 | −58.6% |
| Stakes in other companies (equity method) | $104.8K2 Jun 30, 2025 | $381.4K2 Jun 30, 2024 | −72.5% |
| Long-term investments | $1.7M2 Jun 30, 2025 | $613.8K2 Jun 30, 2024 | +180.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.4M2 Jun 30, 2025 | $1.5M2 Jun 30, 2024 | −2.6% |
| Intangible assets, net (excluding goodwill) | $2.1M2 Jun 30, 2025 | $2.3M2 Jun 30, 2024 | −8.8% |
| Finite-lived intangibles, gross | $3.1M2 Jun 30, 2025 | $2.9M2 Jun 30, 2024 | +6.6% |
| Accumulated amortization | $1.0M2 Jun 30, 2025 | $619.3K2 Jun 30, 2024 | +62.7% |
| Finite-lived intangibles, net | $2.1M2 Jun 30, 2025 | $2.3M2 Jun 30, 2024 | −8.8% |
Leadership
Who has led CLPS Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerMinghui Raymond Lin Apr 2, 2026 to now11
Board members and other officers (5)
- Board memberChong Seng Kee Apr 2, 2026 to now12
- Board memberJiajia Lu Apr 2, 2026 to now13
- Board memberJinhe Shao Apr 2, 2026 to now14
- Board memberMinghui Raymond Lin Apr 2, 2026 to now11
- Board memberXiaofeng Yang Apr 2, 2026 to now15
Timeline
- Apr 2, 2026New chief executive Minghui Raymond Lin becomes CEO11
Filings
66 filings to the SEC since October 2021: 6 annual reports, 7 insider forms, 6 large holders, 47 other. The latest 20:
- Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Mar 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 21, 2025EFFECT EDGAR
- Nov 19, 2025CORRESP EDGAR
- Oct 24, 2025F-3 REGISTRATION STATEMENT EDGAR
- Oct 17, 202520-F ANNUAL REPORT EDGAR
- Mar 5, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 30, 2024144 EDGAR
- Oct 24, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 18, 202420-F ANNUAL REPORT EDGAR
The 66 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- QINHUI LTD.SC 13D/A, 4 filings Feb 14, 2022 to Jul 30, 202416
- QINRUI LTD.SC 13D/A, 2 filings Feb 14, 2022 to Aug 17, 202317
SEC filer profile
How CLPS Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCLPS Inc1
- CIK0001724542
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsJune 301
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressUnit 1102, 11Th Fl, Millennium City 3, 370 Kwun Tong Road, Kwun Tong, Kowloon, K3 0000001
- Phone852 370736001
- Shares outstanding29,743,452 shares as of Oct 6, 20254
- AuditorErnst & Young Hua Ming LLP, China PCAOB ID 1408; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceDec 8, 20171
- Filings139 in all: 6-K (47), CORRESP (14), UPLOAD (11), SC 13D/A (10), 20-F (8), 3 (7), F-3/A (6), EFFECT (5)1
All 26 form types
F-3 (4), S-8 (4), S-8 POS (3), 144 (2), DRS/A (2), DRSLTR (2), F-1/A (2), SC 13D (2), 20-F/A (1), 424B4 (1), 424B5 (1), 6-K/A (1), 8-A12B (1), CERT (1), DEL AM (1), DRS (1), F-1 (1), FWP (1)
- Latest filingsAnnual report (20-F) Oct 17, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, par value $0.0001 | CLPS | NASDAQ |
From the cover page of the 20-F filed Oct 17, 2025 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCLPS Inc filings on SEC EDGAR
- 2SEC EDGARCLPS Inc 10-K for fiscal 2025
- 3SEC EDGARCLPS Inc filings on SEC EDGAR
- 4
- 5SEC EDGARCLPS Inc 10-K for fiscal 2018
- 6SEC EDGARCLPS Inc 10-K for fiscal 2019
- 7SEC EDGARCLPS Inc 10-K for fiscal 2020
- 8SEC EDGARCLPS Inc 10-K for fiscal 2021
- 9SEC EDGARCLPS Inc 10-K for fiscal 2022
- 10SEC EDGARCLPS Inc 10-K for fiscal 2018
- 11
- 12SEC EDGARChong Seng Kee, Board member
- 13SEC EDGARJiajia Lu, Board member
- 14SEC EDGARJinhe Shao, Board member
- 15SEC EDGARXiaofeng Yang, Board member
- 16SEC EDGARQINHUI LTD. SC 13D/A on CLPS Inc
- 17SEC EDGARQINRUI LTD. SC 13D/A on CLPS Inc