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GSUN on Nasdaq

Golden Sun Technology Group Ltd.

Golden Sun Technology Group Ltd. is an educational services company in the Cayman Islands, listed on Nasdaq (GSUN).1

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Last updated Oct 21, 2026.

Overview

$35.5MRevenue, fiscal 20252
-$5.1MNet income, fiscal 20252

Compare with Four Seasons Education (Cayman) Inc., ATA Creativity Global or Jinxin Technology Holding Co, or pick any stock.

  • TickerGSUN on Nasdaq1
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressRoom 503, Building C2, No. 1599, Xinjinqiao Road, Pudong New Area, Shanghai3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Note and the Warrant immediately prior to conversion was assessed at approximately $12.9 million.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

2.3%Gross margin2
-5.9%Operating margin2
-14.3%Net margin2
482.8%Revenue growth, 20252
-54.8%Return on equity2
0.31×Debt to equity2
-$9.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

ECommerce Revenue brought in 95% of the revenue Golden Sun Technology Group Ltd. broke down this way in fiscal 2025.

  1. ECommerce Revenue$33.9M295%up 780% from 2024
  2. Tutorial Service Logistic Consulting Services And Others$1.6M25%down 28% from 2024
Products and services by year
Products and services202320242025
ECommerce Revenue$3.9M$33.9M
Tutorial Service Logistic Consulting Services And Others$2.6M$2.2M$1.6M

Business segments

Ecommerce And Others brought in 95% of the revenue Golden Sun Technology Group Ltd. broke down this way in fiscal 2025.

  1. Ecommerce And Others$33.9M295%up 780% from 2024
  2. Education$1.6M25%down 28% from 2024
Business segments by year
Business segments202320242025
Ecommerce And Others$3.9M$33.9M
Education$2.6M$2.2M$1.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue98¢$34.7M
  • Other costs2¢$798.2K
  • Income tax0¢$3.6K

Out of $35.5M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$35.5M in 2025+359% since 2020
0$5.0B$10.0B$15.0B2020: $7.7M$7.7M20202021: $15.0M$15.0M2021+94%2022: $10.8B$10.8B2022+71868%2023: $2.6M$2.6M2023−100%2024: $6.1M$6.1M2024+135%2025: $35.5M$35.5M2025+483%
Gross profit5672$801.8K in 2025−78% since 2020
0$2.0B$4.0B$6.0B2020: $3.7M$3.7M20202021: $8.8M$8.8M2021+141%2022: $4.8B$4.8B2022+54474%2023: $1.3M$1.3M2023−100%2024: $989.6K$989.6K2024−23%2025: $801.8K$801.8K2025−19%
Operating income5672-$2.1M in 2025
-$2.0B-$1.5B-$1.0B-$500.0M0$500.0M2020: $55.7K$55.7K20202021: $2.0M$2.0M2021+3407%2022: -$1.5B-$1.5B20222023: -$3.3M-$3.3M2023−100%2024: -$1.7M-$1.7M2024−47%2025: -$2.1M-$2.1M2025+21%
Net income5672-$5.1M in 2025
-$3.0B-$2.0B-$1.0B0$1.0B2020: $42.0K$42.0K20202021: $2.0M$2.0M2021+4610%2022: -$2.1B-$2.1B20222023: -$5.8M-$5.8M2023−100%2024: -$3.7M-$3.7M2024−36%2025: -$5.1M-$5.1M2025+37%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Revenues$35.5M$6.1M$2.6M
Cost of revenues$34.7M$5.1M$1.3M
Gross profit$801.8K$989.6K$1.3M
Selling expenses$195.5K$177.6K$127.1K
General and administrative expenses$2.7M$2.6M$4.5M
Total operating expenses$2.9M$2.7M$4.6M
Loss from operations-$2.1M-$1.7M-$3.3M
Interest expense, net-$340.5K-$237.5K-$240.7K
Change in fair value of convertible note-$536.3K
Change in fair value of warrants liabilities-$7.4M
Gain from disposal of subsidiaries$4.6M
Investment loss-$13.2K-$22.3K-$18.9K
Other (expense) income, net-$150.5K-$149.9K$958.7K
Total other (expense) income, net-$3.9M-$409.7K$699.1K
Loss before income taxes-$6.0M-$2.1M-$2.6M
Income taxes (benefit) provision-$3.6K$16.9K$99.4K
Net loss from continuing operation-$6.0M-$2.2M-$2.7M
Net income (loss) from discontinued operation$717.4K-$1.8M-$3.1M
Net loss-$5.2M-$4.0M-$5.8M
Less: net (loss) income attributable to non-controlling interests-$147.1K-$262.7K$6.3K
Net loss attributable to the Company-$5.1M-$3.7M-$5.8M
Foreign currency translation adjustments$728.2K$4.0K-$401.8K
Comprehensive loss-$4.5M-$4.0M-$6.2M
Less: comprehensive (loss) income attributable to non-controlling interests-$144.7K-$271.4K$7.5K
Comprehensive loss attributable to the Company-$4.4M-$3.7M-$6.2M
Continuing operation-$5.9M-$2.2M-$2.7M
Discontinued operation$835.2K-$1.5M-$3.1M
Continuing operation (in Dollars per share)-$2-$1-$1
Discontinued operation (in Dollars per share)$0-$1-$2
Total (in Dollars per share)-$1.79-$1.87-$3.08
Basic (in Shares)2.8M shares2.0M shares1.9M shares
Diluted (in Shares)2.8M shares2.0M shares1.9M shares

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Corporate structure

Golden Sun Technology Group 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 Golden Sun Technology Group Ltd.

  • Golden Sun Technology Group Ltd. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Golden Sun Technology Group 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

ItemLatestA year beforeChange
Computer equipment and software$28.1K2 Sep 30, 2025$28.5K2 Sep 30, 2024−1.4%
Property and equipment, before depreciation$2.1M2 Sep 30, 2025$405.0K2 Sep 30, 2024+416.7%
Accumulated depreciation$463.3K2 Sep 30, 2025$294.6K2 Sep 30, 2024+57.3%
Property and equipment, net$1.6M2 Sep 30, 2025$110.4K2 Sep 30, 2024+1375.8%
Operating-lease assets (leased space)$288.2K2 Sep 30, 2025$414.7K2 Sep 30, 2024−30.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$775.3K2 Sep 30, 2025$737.0K2 Sep 30, 2024+5.2%
Long-term investments$4.6M2 Sep 30, 2025$4.6M2 Sep 30, 2024−1.1%
Deposits held (banks)500.0M CNY7 Sep 30, 2024500.0K CNY6 Sep 30, 2023+99900.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.0M2 Sep 30, 2025
Intangible assets, net (excluding goodwill)$781.5K2 Sep 30, 2025$19.0K2 Sep 30, 2024+4013.4%
Finite-lived intangibles, gross$813.3K2 Sep 30, 2025$28.5K2 Sep 30, 2024+2753.7%
Accumulated amortization$31.8K2 Sep 30, 2025$9.5K2 Sep 30, 2024+234.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$73.9K2 Sep 30, 2025$78.5K2 Sep 30, 2024−6.0%
Finished goods$375.9M7 Sep 30, 2024

Leadership

Who has led Golden Sun Technology Group Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Xueyuan Weng2026–now

Chair

  1. Xueyuan Weng2026–now

Chief operating officer

  1. Duo Ye2026–now
Board members and other officers (6)

Former names

  • Golden Sun Health Technology Group LtdJan 31, 2024 to Sep 24, 20253
  • Golden Sun Education Group LtdDec 18, 2020 to Nov 27, 20233

Timeline

  1. Apr 3, 2026New chief executive Xueyuan Weng becomes CEO8

Filings

87 filings to the SEC since October 2021: 4 annual reports, 10 insider forms, 2 large holders, 71 other. The latest 20:

  1. Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Aug 28, 2026144 EDGAR
  3. Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Apr 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Apr 3, 20263 EDGAR
  6. Mar 27, 20263 EDGAR
  7. Mar 27, 20263 EDGAR
  8. Mar 27, 20263 EDGAR
  9. Mar 26, 20263 EDGAR
  10. Mar 26, 20263 EDGAR
  11. Mar 26, 20263 EDGAR
  12. Mar 26, 20263 EDGAR
  13. Mar 26, 20263 EDGAR
  14. Mar 26, 20263 EDGAR
  15. Feb 13, 202620-F ANNUAL REPORT EDGAR
  16. Feb 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Feb 3, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  18. Dec 16, 2025S-8 REGISTRATION STATEMENT EDGAR
  19. Dec 10, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Sep 30, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 87 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.

SEC filer profile

How Golden Sun Technology Group Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGolden Sun Technology Group Ltd.1
  • CIK0001826376
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRoom 503, Building C2, No. 1599, Xinjinqiao Road, Pudong New Area, Shanghai, China1
  • Phone860577567653031
  • Shares outstanding8,325,870 Common Class A shares; 403,000 Common Class B shares as of Sep 30, 20254
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 18, 20201
  • Filings102 in all: 6-K (31), CORRESP (13), 3 (10), UPLOAD (10), F-1/A (8), 144 (5), 20-F (4), NT 20-F (4)1
    All 20 form types

    6-K/A (2), DRS (2), EFFECT (2), F-1 (2), SC 13G (2), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS/A (1), DRSLTR (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Feb 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, $0.005 par value per shareGSUNNasdaq

From the cover page of the 20-F filed Feb 13, 2026 (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.

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