Overview
Compare with IT TECH PACKAGING, INC., Ranpak or Avery Dennison, or pick any stock.
- TickerDSY on Nasdaq1
- IndustryConverted Paper & Paperboard Prods (No Contaners/Boxes)1
- HeadquartersShenzhen, China1
- Incorporated inCayman Islands3
- Business addressMatian Street, Zhongliang Yunjing Plaza, Room 3303, Building 1, Shenzhen, F4 5180833
- Filer categoryNon-accelerated filer, Emerging growth company3
See how the biggest companies compare on our leaderboards
Islands. Upon closing of the Business Combination on June 6, 2024, Holdco merged with Merger Sub 1, with Holdco being the surviving entity.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
32.2%Gross margin2
-1494.3%Operating margin2
-1272.1%Net margin2
-65.1%Revenue growth, 20252
-18756.7%Return on equity2
-$7.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Offline brought in 66% of the revenue Big Tree Cloud Holdings Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Offline | $3.9M | $3.0M | $2.5M |
| Sanitary Pads | $3.8M | $5.2M | $954.5K |
| Body And Oral Care Products | $165.1K | $1.0M | $306.2K |
| Online | $2.4M | $4.2M | $26.6K |
| License | $9.9K | $42.4K | $10.4K |
| Licensing Fees One | $9.9K | $42.4K | $10.4K |
| Others | $27.1K | $55.1K | $26 |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue68¢$1.7M
- Research and development1¢$30.0K
- Other costs20¢$499.6K
- Interest3¢$65.7K
- Income tax9¢$228.5K
Out of $2.6M 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 |
|---|---|---|---|
| Net revenue | $2.6M | $7.3M | $6.3M |
| Cost of revenues | -$1.7M | -$2.4M | -$2.7M |
| Gross profit | $823.8K | $4.9M | $3.6M |
| Selling expenses | -$34.7M | -$1.3M | -$758.6K |
| General and administrative expenses | -$4.3M | -$3.6M | -$2.2M |
| Research and development expense | -$30.0K | -$90.0K | |
| Total operating expenses | -$39.0M | -$4.9M | -$3.0M |
| Operating (loss)/profit | -$38.2M | -$26.3K | $670.8K |
| Financial expenses | -$355.7K | -$75.4K | -$10.6K |
| Financial income | $1.7K | $206.6K | $9.3K |
| Gain on disposal of subsidiaries | $4.8M | ||
| Gain/(loss) on deregistration of subsidiaries | $387.8K | $79.2K | -$347.4K |
| Other income/(expenses), net | $1.1M | $404.9K | -$13.8K |
| Total other income/(expenses), net | $5.9M | $615.4K | -$362.5K |
| (Loss)/income before income tax provision | -$32.3M | $589.0K | $308.3K |
| Income tax (expense)/benefit | -$228.5K | $51.5K | -$28.8K |
| Net (loss)/income | -$32.5M | $640.5K | $279.6K |
| Less: net income attributable to non-controlling interests | $2.2K | ||
| Net (loss)/income attributable to ordinary shareholders of the Company | -$32.5M | $640.5K | $279.6K |
| Foreign currency translation adjustments | $43.6K | -$4.5K | -$144.9K |
| Total comprehensive (loss)/income | -$32.5M | $635.9K | $134.7K |
| Less: comprehensive income attributable to non-controlling interests | $2.2K | ||
| Total comprehensive (loss)/income attributable to ordinary shareholders of the Company | -$32.5M | $635.9K | $134.7K |
| Basic (in Dollars per share) | -$0.40 | $0.01 | $0.01 |
| Diluted (in Dollars per share) | -$0.40 | $0.01 | $0.01 |
| Basic (in Shares) | 81.3M shares | 52.0M shares | 50.0M shares |
| Diluted (in Shares) | 81.3M shares | 52.0M shares | 50.0M 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 | $1.7M | $748.1K | ||
| Advanced to suppliers | $718 | $2.9K | ||
| Accounts receivables, net | $870.0K | $47.8K | ||
| Prepaid expenses and other current assets | $665.0K | $539.5K | ||
| Inventories, net | $262.7K | $600.9K | ||
| Total current assets | $3.8M | $2.0M | ||
| Property and equipment, net | $3.2M | $3.6M | ||
| Intangible assets, net | $2.0M | $2.4M | ||
| Right-of-use assets | $1.4M | $547.2K | ||
| Deferred tax assets | $484.9K | $503.0K | ||
| Total non-current assets | $7.1M | $7.0M | ||
| TOTAL ASSETS | $11.0M | $9.0M | ||
| Accounts payables | $496.5K | $430.5K | ||
| Contract liabilities | $51.3K | $3.8M | ||
| Accrued expenses and other current liabilities | $1.0M | $2.7M | ||
| Operating lease liabilities - current | $529.4K | $190.0K | ||
| Total current liabilities | $3.4M | $7.1M | ||
| Contract liabilities | $1.4M | |||
| Long-term loans | $1.4M | $1.4M | ||
| Operating lease liabilities - non-current | $974.2K | $335.2K | ||
| Other non-current liabilities | $1.1M | $1.0M | ||
| Total non-current liabilities | $6.5M | $6.5M | ||
| TOTAL LIABILITIES | $9.9M | $13.5M | ||
| Ordinary shares (par value of US$0.0001 per share; 500,000,000 ordinary shares authorized, 86,972,928 and 50,000,000 ordinary shares issued and outstanding as of June 30, 2025 and 2024, respectively) * | $8.7K | $5.7K | ||
| Additional paid-in capital | $37.2M | |||
| Accumulated deficit | -$37.4M | -$4.9M | ||
| Accumulated other comprehensive income | $357.2K | $313.6K | ||
| Total BIG TREE CLOUD HOLDINGS LIMITEDs shareholders equity/(deficit) | $173.4K | -$4.6M | ||
| Non-controlling interests | $948.0K | |||
| TOTAL SHAREHOLDERS EQUITY/(DEFICIT) | $1.1M | -$4.6M | $587.8K | $453.2K |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY/(DEFICIT) | $11.0M | $9.0M | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, authorized | 500.0M shares | 500.0M shares | ||
| Ordinary shares, issued | 87.0M shares | 50.0M shares | ||
| Ordinary shares, outstanding | 87.0M shares | 50.0M shares |
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7M | $748.1K | ||
| Advanced to suppliers | $718 | $2.9K | ||
| Accounts receivables, net | $870.0K | $47.8K | ||
| Prepaid expenses and other current assets | $665.0K | $539.5K | ||
| Inventories, net | $262.7K | $600.9K | ||
| Total current assets | $3.8M | $2.0M | ||
| Property and equipment, net | $3.2M | $3.6M | ||
| Intangible assets, net | $2.0M | $2.4M | ||
| Right-of-use assets | $1.4M | $547.2K | ||
| Deferred tax assets | $484.9K | $503.0K | ||
| Total non-current assets | $7.1M | $7.0M | ||
| TOTAL ASSETS | $11.0M | $9.0M | ||
| Accounts payables | $496.5K | $430.5K | ||
| Contract liabilities | $51.3K | $3.8M | ||
| Accrued expenses and other current liabilities | $1.0M | $2.7M | ||
| Operating lease liabilities - current | $529.4K | $190.0K | ||
| Total current liabilities | $3.4M | $7.1M | ||
| Contract liabilities | $1.4M | |||
| Long-term loans | $1.4M | $1.4M | ||
| Operating lease liabilities - non-current | $974.2K | $335.2K | ||
| Other non-current liabilities | $1.1M | $1.0M | ||
| Total non-current liabilities | $6.5M | $6.5M | ||
| TOTAL LIABILITIES | $9.9M | $13.5M | ||
| Ordinary shares (par value of US$0.0001 per share; 500,000,000 ordinary shares authorized, 86,972,928 and 50,000,000 ordinary shares issued and outstanding as of June 30, 2025 and 2024, respectively) * | $8.7K | $5.7K | ||
| Additional paid-in capital | $37.2M | |||
| Accumulated deficit | -$37.4M | -$4.9M | ||
| Accumulated other comprehensive income | $357.2K | $313.6K | ||
| Total BIG TREE CLOUD HOLDINGS LIMITEDs shareholders equity/(deficit) | $173.4K | -$4.6M | ||
| Non-controlling interests | $948.0K | |||
| TOTAL SHAREHOLDERS EQUITY/(DEFICIT) | $1.1M | -$4.6M | $587.8K | $453.2K |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY/(DEFICIT) | $11.0M | $9.0M | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, authorized | 500.0M shares | 500.0M shares | ||
| Ordinary shares, issued | 87.0M shares | 50.0M shares | ||
| Ordinary shares, outstanding | 87.0M shares | 50.0M 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 | -$32.5M | $640.5K | $279.6K |
| Depreciation and amortization | $660.7K | $936.5K | $705.8K |
| Amortization of right-of-use assets | $337.1K | $196.1K | $93.1K |
| (Write offs)/provision of inventory reserve | -$12.4K | $7.6K | $3.4K |
| Provision/(reversal) for credit loss | $19.8K | -$4.7K | $5.3K |
| Impairment of property and equipment | $515.9K | ||
| Deferred tax expense/(benefit) | $26.2K | -$121.8K | -$187.8K |
| Interest expenses | $65.7K | ||
| Share-based compensation | $34.2M | ||
| Loss/(gain) on disposal of property and equipment | $2.6K | -$10.1K | $84.4K |
| Property and equipment written off | $574 | ||
| Gain on disposal of subsidiaries | -$4.8M | ||
| (Gain)/Loss on deregistration of subsidiaries | -$387.8K | -$79.2K | $347.4K |
| Gain on derecognition of professional fees payable | -$1.1M | ||
| Accounts receivables, net | -$854.2K | $168.4K | -$162.3K |
| Prepaid expenses and other current assets | -$856.1K | $176.0K | -$903.2K |
| Amounts due from related parties | -$345.5K | ||
| Accounts payables | $306.8K | -$265.4K | $706.9K |
| Contract liabilities | -$530.0K | -$3.0M | $8.1M |
| Advance to suppliers | $2.2K | $714.8K | -$536.3K |
| Inventories, net | -$118.7K | $17.7K | -$113.8K |
| Accrued expenses and other current liabilities | -$1.0M | -$345.6K | $498.0K |
| Operating lease liabilities | -$234.9K | -$189.1K | -$122.7K |
| Amounts due to related parties | $151.8K | -$356.1K | |
| Net cash (used in)/provided by operating activities | -$6.5M | -$1.5M | $8.8M |
| Purchases of property and equipment | -$518.3K | -$288.7K | -$4.6M |
| Proceeds from disposal of property and equipment | $6.7K | $63.7K | |
| Cash received from reverse recapitalization | $317.7K | ||
| Purchases of intangible assets | -$2.6M | ||
| Net cash proceeds obtained from disposal of subsidiaries | $2.8M | ||
| Cash reduced due to the deregistration of subsidiaries | -$142 | ||
| Net cash provided by/(used in) investing activities | $2.3M | -$2.5M | -$4.6M |
| Payments of listing fees | -$1.5M | -$753.0K | |
| Loans paid to related parties | -$867.4K | ||
| Loans received from related parties | $4.8M | $2.2M | $408.2K |
| Repayments of loans from related parties | $877.7K | ||
| Repayments of loans to related parties | -$3.0M | -$1.4M | |
| Proceeds from long-term loans | $1.4M | ||
| Proceeds from shareholder contributions | $3.3M | ||
| Net cash provided by/(used in) financing activities | $5.1M | $1.6M | -$1.2M |
| Effect of foreign currency translation | -$22.4K | $12.9K | -$144.9K |
| Net increase/(decrease) in cash and cash equivalents: | $930.9K | -$2.4M | $2.8M |
| Income tax paid | $14.3K | $42.9K | |
| Interest paid | $121.0K | $49.4K | |
| Cash paid for amounts included in the measurement of lease liabilities | $122.7K | ||
| Lease liabilities arising from obtaining right-of-use assets | $1.7M | $39.4K | $751.7K |
| Obtaining property and equipment as shareholders contribution | $611.2K | ||
| Earnout shares | $2.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Big Tree Cloud Holdings Ltd 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 Big Tree Cloud Holdings Ltd
- SABBY MANAGEMENT, LLC Filed SCHEDULE 13G on Big Tree Cloud Holdings Ltd, latest Jan 20, 2026
- PLOUTOS GROUP LIMITED Filed SCHEDULE 13D on Big Tree Cloud Holdings Ltd, latest Sep 10, 2025
- Big Tree Cloud Holdings Ltd Shenzhen, China
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Big Tree Cloud Holdings Ltd 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 | $5.3M2 Jun 30, 2025 | $5.0M2 Jun 30, 2024 | +5.8% |
| Accumulated depreciation | $1.6M2 Jun 30, 2025 | $1.4M2 Jun 30, 2024 | +11.8% |
| Property and equipment, net | $3.2M2 Jun 30, 2025 | $3.6M2 Jun 30, 2024 | −11.0% |
| Operating-lease assets (leased space) | $1.4M2 Jun 30, 2025 | $547.2K2 Jun 30, 2024 | +159.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.7M2 Jun 30, 2025 | $748.1K2 Jun 30, 2024 | +124.4% |
| Deposits held (banks) | $5.5K2 Jun 30, 2025 | $7.5K2 Jun 30, 2024 | −26.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $2.4M5 Jun 30, 2024 | $2.5K5 Jun 30, 2023 | +94057.7% |
| Accumulated amortization | $599.5K2 Jun 30, 2025 | $236.5K2 Jun 30, 2024 | +153.5% |
| Finite-lived intangibles, net | $2.0M2 Jun 30, 2025 | $2.4M2 Jun 30, 2024 | −13.8% |
Inventory
Leadership
Who has led Big Tree Cloud Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (5)
- Board memberGuo Ren Mar 18, 2026 to now6
- Board memberJia He Liao Mar 18, 2026 to now7
- Board memberMun Wah Wan Mar 31, 2026 to now8
- Board memberQiang Wang Apr 1, 2026 to now9
- Board memberYu Guo Jul 30, 2026 to now10
Filings
69 filings to the SEC since October 2021: 3 annual reports, 8 insider forms, 2 large holders, 56 other. The latest 20:
- Jul 30, 20263 OWNERSHIP DOCUMENT EDGAR
- Jul 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 1, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 23, 20263 EDGAR
- Mar 23, 20263 EDGAR
- Mar 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Feb 4, 20266-K CURRENT REPORT EDGAR
- Jan 20, 2026SCHEDULE 13G EDGAR
- Jan 12, 20266-K CURRENT REPORT EDGAR
The 69 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.
- SABBY MANAGEMENT, LLCSCHEDULE 13G, 1 filing Jan 20, 202611
- PLOUTOS GROUP LIMITEDSCHEDULE 13D, 1 filing Sep 10, 202512
SEC filer profile
How Big Tree Cloud Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBig Tree Cloud Holdings Ltd1
- CIK0001999297
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsJune 301
- Industry code (SIC)2670 Converted Paper & Paperboard Prods (No Contaners/Boxes)1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business addressMatian Street, Zhongliang Yunjing Plaza, Room 3303, Building 1, Shenzhen, F4 5180831
- Phone86-0755-275956231
- Shares outstanding86,972,928 shares as of Jun 30, 20254
- AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 22, 20231
- Filings69 in all: 6-K (27), 3 (8), UPLOAD (6), CORRESP (4), 20-F (3), DRS/A (3), DRSLTR (3), EFFECT (2)1
All 20 form types
F-4/A (2), 424B3 (1), 424B5 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), F-4 (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Oct 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value US$0.0001 | DSY | The Nasdaq Stock Market LLC |
| Warrants to purchase ordinary shares | DSYWW | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Oct 30, 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.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARGuo Ren, Board member
- 7SEC EDGARJia He Liao, Board member
- 8SEC EDGARMun Wah Wan, Board member
- 9SEC EDGARQiang Wang, Board member
- 10SEC EDGARYu Guo, Board member
- 11
- 12