QDMI on OTC

QDM International Inc.

QDM International Inc. is an American insurance agents company based in Kowloon, listed on OTC (QDMI).1

$10.00 up 0.00 (0.00%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$21.5MRevenue, fiscal 20263
$7.5MNet income, fiscal 20263

Compare with Health In Tech, Inc., Reliance Global Group, Inc. or Zhibao Technology Inc., or pick any stock.

  • TickerQDMI on OTC1
  • IndustryInsurance Agents, Brokers & Service1
  • HeadquartersKowloon, Hong Kong1
  • Incorporated inFL4
  • Business addressRoom 1030B 10F Ocean Centre Harbour City, 5 Canton Road, Tsim Sha Tsui, Kowloon, K3 0000004
  • Filer categoryNon-accelerated filer, Smaller reporting company4

Hong Kong are retirement protection schemes set up for employees who are Hong Kong residents.5 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 2026

53.6%Gross margin3
42.6%Operating margin3
35.1%Net margin3
156.2%Revenue growth, 20263
48.4%Return on equity3

What sells

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

Products and services

Insurance Brokerage Services brought in 93% of the revenue QDM International Inc. broke down this way in fiscal 2026.

  1. Insurance Brokerage Services$19.9M393%up 179% from 2025
  2. Referral Business$1.6M37%up 25% from 2025
Products and services by year
Products and services20252026
Insurance Brokerage Services$7.1M$19.9M
Referral Business$1.3M$1.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue46¢$10.0M
  • Other costs10¢$2.2M
  • Income tax8¢$1.7M
  • Profit35¢$7.5M

Out of $21.5M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Kept or used elsewhere100¢$1.8M

Out of $1.8M of cash from operations.3

Financial statements

Revenue67893$21.5M in 2026+9605% since 2020
0$10.0M$20.0M$30.0M2020: $221.3K$221.3K20202021: $123.4K$123.4K2021−44%2022: $69.0K$69.0K2022−44%2023: $1.1M$1.1M2023+1543%2024: $6.4M$6.4M2024+462%2025: $8.4M$8.4M2025+32%2026: $21.5M$21.5M2026+156%
Gross profit67893$11.5M in 2026+53998% since 2020
0$5.0M$10.0M$15.0M2020: $21.3K$21.3K20202021: $392$3922021−98%2022: $133$1332022−66%2023: $416.4K$416.4K2023+312979%2024: $2.5M$2.5M2024+489%2025: $7.3M$7.3M2025+198%2026: $11.5M$11.5M2026+57%
Operating income1067893$9.1M in 2026
-$2.5M0$2.5M$5.0M$7.5M$10.0M2019: -$440.2K-$440.2K20192020: -$571.5K-$571.5K2020+30%2021: -$332.9K-$332.9K2021−42%2022: -$376.8K-$376.8K2022+13%2023: $42.3K$42.3K20232024: $1.8M$1.8M2024+4161%2025: $5.9M$5.9M2025+228%2026: $9.1M$9.1M2026+55%
Net income1067893$7.5M in 2026
-$2.5M0$2.5M$5.0M$7.5M$10.0M2019: -$467.2K-$467.2K20192020: -$489.0K-$489.0K2020+5%2021: -$326.1K-$326.1K2021−33%2022: -$378.2K-$378.2K2022+16%2023: $44.5K$44.5K20232024: $1.6M$1.6M2024+3412%2025: $4.8M$4.8M2025+208%2026: $7.5M$7.5M2026+56%

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

Period ending2026-03-312025-03-31
Revenue$21.5M$8.4M
Cost of sales$10.0M$1.1M
Gross profit$11.5M$7.3M
General & administrative expenses$2.4M$1.4M
Total operating expenses$2.4M$1.4M
Income from operations$9.1M$5.9M
Finance costs-$6.1K-$5.4K
Other income, net$118.0K$9.8K
Total other income$111.9K$4.4K
Income before income taxes$9.3M$5.9M
Current income tax expense$1.7M$1.1M
Net income$7.5M$4.8M
Total comprehensive income$7.5M$4.8M
Basic earnings per share (in Dollars per share)$0.88$0.56
Diluted earnings per share (in Dollars per share)$0.88$0.56
Basic (in Shares)8.6M shares8.6M shares
Diluted (in Shares)8.6M shares8.6M shares

Compare QDM International Inc. with another company

Corporate structure

QDM International 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 QDM International Inc.

  • Huihe Zheng Filed SC 13D/A on QDM International Inc., latest Sep 11, 2024
  • Bakelai Capital Ltd Filed SC 13G on QDM International Inc., latest Aug 13, 2024
  • Ruiyin Capital Ltd Filed SC 13G on QDM International Inc., latest Aug 13, 2024
  • QDM International 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 QDM International 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

ItemLatestA year beforeChange
Property and equipment, net$8993 Mar 31, 2026$33.0K3 Mar 31, 2025−97.3%
Operating-lease assets (leased space)$73.0K3 Mar 31, 2026$185.7K3 Mar 31, 2025−60.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.3M3 Mar 31, 2026$8.6M3 Mar 31, 2025+20.7%

Properties, in its own words

Our principal executive office is located at Room 1030B, 10/F, Ocean Centre, Harbour City, 5 Canton Road, Tsim Sha Tsui, Hong Kong. YeeTah entered into a three-year term lease in February 2025 for this space for a monthly rent of HK$24,783.

Additionally, in April 2026, YeeTah entered into a 22-month lease for the space at Room 1027, 10/F, Ocean Centre, Harbour City, 5 Canton Road, Tsim Sha Tsui, Hong Kong, the monthly rent for which is HK$55,936.

The rest of Item 2

We do not own or lease any other properties.

Item 2 of the 10-K filed Jun 29, 2026.5

Leadership

Who has led QDM International Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Timothy B. Shannon2009–2023
2010201520202025
Board members and other officers (7)

Former names

  • 24/7 Kid Doc, Inc.Mar 2, 2016 to Mar 30, 20204
  • DALE JARRETT RACING ADVENTURE INCAug 5, 2003 to Jan 26, 20164
  • DALE JARRET RACING ADVENTURE INCFeb 14, 2003 to May 20, 20034
  • JARRETT FAVRE DRIVING ADVENTURE INCSep 8, 1999 to Nov 14, 20024

Timeline

  1. Aug 17, 20268-K Results of operations21
  2. Jun 30, 20268-K Results of operations22
  3. Dec 12, 20258-K Executive or director change23
  4. Sep 22, 20258-K Bylaws or fiscal year changed; Other events24
  5. Nov 7, 20248-K Executive or director change25
  6. Oct 10, 20248-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed26
  7. Aug 8, 20248-K Executive or director change27
  8. Apr 10, 20248-K Bylaws or fiscal year changed28
  9. Mar 8, 2007New chief executive Timothy B. Shannon becomes CEO14

Calendar

When it reported results

  1. Aug 17, 2026Reported quarterly or annual results21
  2. Jun 30, 2026Reported quarterly or annual results22

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

77 filings to the SEC since October 2021: 11 annual reports, 15 quarterly reports, 8 major events, 11 insider forms, 3 large holders, 29 other. The latest 20:

  1. Aug 25, 2026S-1/A REGISTRATION STATEMENT EDGAR
  2. Aug 17, 20268-K CURRENT REPORT EDGAR
  3. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  4. Jun 30, 20268-K CURRENT REPORT EDGAR
  5. Jun 29, 202610-K ANNUAL REPORT EDGAR
  6. Jun 2, 2026S-8 REGISTRATION STATEMENT EDGAR
  7. Feb 17, 202610-Q QUARTERLY REPORT EDGAR
  8. Dec 17, 2025S-1/A REGISTRATION STATEMENT EDGAR
  9. Dec 12, 20258-K CURRENT REPORT EDGAR
  10. Nov 14, 202510-Q QUARTERLY REPORT EDGAR
  11. Oct 2, 2025S-1/A REGISTRATION STATEMENT EDGAR
  12. Sep 22, 20258-K CURRENT REPORT EDGAR
  13. Aug 14, 202510-Q QUARTERLY REPORT EDGAR
  14. Jul 31, 2025DEF 14C INFORMATION STATEMENT EDGAR
  15. Jul 29, 2025S-1/A REGISTRATION STATEMENT EDGAR
  16. Jul 21, 2025PRE 14C INFORMATION STATEMENT EDGAR
  17. Jul 10, 202510-K ANNUAL REPORT EDGAR
  18. Jul 1, 2025NT 10-K NOTIFICATION OF LATE FILING EDGAR
  19. Mar 21, 2025S-1/A REGISTRATION STATEMENT EDGAR
  20. Feb 24, 20254 EDGAR

The 77 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.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 3 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 1, 2024Bakelai Capital Ltd10% ownerSale23,759,246$1.00$23.8MForm 4
Aug 1, 2024Ruiyin Capital Ltd10% ownerSale21,759,246$1.00$21.8MForm 4
Feb 1, 2023Zheng HuiheCEO and PresidentBuy120,000,000$0.01$1.2MForm 4
Feb 1, 2023Bakelai Capital Ltd10% ownerBuy50,000,000$0.01$500.0KForm 4
Feb 1, 2023Ruiyin Capital Ltd10% ownerBuy48,000,000$0.01$480.0KForm 4

From Forms 4 filed with the SEC.

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 QDM International Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQDM International Inc.1
  • CIK0001094032
  • Employer ID (EIN)59-35649845
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inFlorida5
  • Fiscal year endsMarch 311
  • Industry code (SIC)6411 Insurance Agents, Brokers & Service1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressRoom 1030B 10F Ocean Centre Harbour City, 5 Canton Road, Tsim Sha Tsui, Kowloon, K3 0000001
  • Phone852 3188 98001
  • Shares outstanding8,636,186 as of Aug 14, 202613
  • Public float$474.5M as of Sep 30, 20255
  • AuditorZH CPA, LLC, Denver, Colorado PCAOB ID 6413; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceSep 7, 19991
  • Filings323 in all: 10-Q (47), 8-K (34), 4 (29), 10QSB (25), NT 10-Q (22), UPLOAD (19), 10-K (14), NT 10-K (12)1
    All 43 form types

    SC 13G/A (11), 10-Q/A (10), 10KSB (9), 5 (9), 10-K/A (8), S-1/A (8), CORRESP (7), 3 (6), DEF 14C (4), PRE 14C (4), SC 13G (4), 10SB12G/A (3), 8-K/A (3), PRE 14A (3), PRER14A (3), S-1 (3), 10-12G/A (2), 424B3 (2), DEF 14A (2), EFFECT (2), NTN 10K (2), S-8 (2), SC 13D/A (2), 10-12G (1), 10KSB/A (1), 10QSB/A (1), 10SB12G (1), 15-12G (1), 3/A (1), 4/A (1), 8-K12G3 (1), DEFR14C (1), S-8 POS (1), SC 13D (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Oct 2, 2015
    Latest 8-K (8-K) Aug 17, 2026

Risk factors and legal proceedings

The risks QDM International Inc. names in Item 1A of its 10-K filed Jun 29, 2026: 40 risks under these headings, as written.5

  • Risks Related to Our Business and Industry
  • Risks Related to Doing Business in Hong Kong
  • Risks Related to Our Common Stock
  • If we fail to attract and retain productive technical representatives to sell the insurance products, our business and operating results could be materially and adversely affected.
  • Misconduct of the technical representatives may have a material adverse effect on our business, results of operations or financial condition.
  • We are subject to extensive regulations for our insurance brokerage business and operations.
  • Compliance with changing regulation of corporate governance and public disclosure as a public company in the U.S., and our management’s limited experiences with such regulations, may result in additional expenses and create an increased risk of non-compliance.
  • Failure to obtain, renew, or retain licenses, permits or approvals may affect our ability to conduct or expand our business.
  • If we fail to comply with Hong Kong regulations on referral arrangements and benchmark referral fees, we may be subject to regulatory sanctions, including suspension or revocation of our insurance broker license, and our business, financial condition and results of operations could be materially and adversely affected.
  • Competition in our industry is intense and, if we are unable to compete effectively with both existing and new market participants, we may lose customers and our financial results may be negatively affected.
  • Because the commission we earn on the sale of insurance products is based on premiums and commission rates set by insurance companies, any decrease in these premiums or commission rates may have an adverse effect on our results of operations.
  • Quarterly and annual variations in our commission revenue may unexpectedly impact our results of operations.
The other 31 risks
  • Our future success depends on the continuing efforts of our senior management team and other key personnel, and our business may be harmed if we lose their services.
  • We may not be able to ensure the accuracy and completeness of product information and the effectiveness of our recommendation of insurance products.
  • Failure to comply with the Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of Hong Kong) may result in material and adverse effect on our business, financial condition and results of operations.
  • Failure to comply with Hong Kong Competition Law may result in material and adverse effect on our business, financial condition and results of operations.
  • We may face potential liability, loss of customers and damage to our reputation for any failure to protect the confidential information of our customers.
  • We rely on dividends and other distributions on equity paid by our subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business.
  • Political risks associated with conducting business in Hong Kong and economic instability in Hong Kong may adversely impact our results of operations. We may also face the risk that changes in the policies of the PRC government could have a significant impact upon the business we conduct in Hong Kong and the profitability of such business.
  • The enactment of the Law of the PRC on Safeguarding National Security in the Hong Kong Special Administrative Region (the “Hong Kong National Security Law”) could impact our Hong Kong operating subsidiary.
  • Our business operations are located in Hong Kong, which renders us especially sensitive to local conditions and changes, such as those with respect to laws and regulations, economic and political environments, force majeure events, natural disasters or mass civil movements.
  • Our Hong Kong subsidiaries may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of our common stock. Dividends payable to our foreign investors and gains on the sale of our shares of common stock by our foreign investors may become subject to tax by the PRC.
  • The market price for our securities could be adversely affected by increased tensions between the United States and China.
  • We may be affected by the currency peg system in Hong Kong.
  • Our business, financial condition and results of operations, and/or the value of our common stock or our ability to offer or continue to offer securities to investors may be materially and adversely affected to the extent the laws and regulations of mainland China become applicable to a company such as us.
  • The HFCA Act and the related regulations continue to evolve. Further implementations and interpretations of or amendments to the HFCA Act or the related regulations, or a PCAOB determination of its lack of sufficient access to inspect our auditor, might pose regulatory risks to and impose restrictions on us.
  • If we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations and our reputation and could result in a loss of your investment in our shares, especially if such matter cannot be addressed and resolved favorably.
  • There may be risks and uncertainties regarding the interpretation, application, and enforcement of current and future PRC laws, rules and regulations.
  • It may be difficult for shareholders to enforce any judgment obtained in the United States against us, which may limit the remedies otherwise available to our shareholders.
  • It may be difficult for overseas regulators to conduct investigations or collect evidence within China.
  • An active market for our common stock may never develop, and we are under no obligation to seek out a more active market for our common stock.
  • We may not maintain the qualification for OTCQB inclusion, and therefore you may be unable to sell your shares.
  • Our controlling shareholder may exercise significant influence over us and may be subject to conflicts of interest.
  • Shares of Series B Preferred Stock, which are held by our Chairman of the Board, Chief Executive Officer, have super voting rights that may adversely affect our holders of common stock.
  • Our common stock may be considered a “penny stock,” and thereby be subject to additional sale and trading regulations that may make it more difficult to sell.
  • FINRA sales practice requirements may also limit your ability to buy and sell our common stock, which could depress the price of our shares.
  • You may face significant restrictions on the resale of your shares due to state “blue sky” laws.
  • Our management has determined that our disclosure controls and procedures are not effective and we have identified material weaknesses in our internal control over financial reporting.
  • If securities or industry analysts do not publish research or reports about our business, or if they change their recommendations regarding our stock adversely, our stock price and trading volume could decline.
  • We do not foresee paying cash dividends in the near future and, as a result, our investors’ sole source of gain, if any, will depend on capital appreciation, if any.
  • Our articles of incorporation allow our Board to create new series of preferred stock without approval by our shareholders, which could adversely affect the rights of the holders of our common stock.
  • You may experience additional dilution as a result of future equity offerings.
  • Shares of our common stock that have not been registered under federal securities laws are subject to resale restrictions imposed by Rule 144, including those set forth in Rule 144(i) which apply to a former “shell company.”

Legal proceedings

There are no pending legal proceedings to which the Company or its subsidiaries are a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of the Company’s voting securities, or security holder is a party adverse to the Company or has a material interest adverse to the Company. We may from time to time be subject to legal or administrative claims and proceedings arising in the ordinary course of business. Litigation or any other legal or administrative proceeding, regardless of the outcome, is likely to result in substantial cost and diversion of our resources, including our management’s time and attention.

The opening of Item 3, Legal Proceedings.5

Sources

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