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VSME on Nasdaq

VS MEDIA Holdings Ltd

VS MEDIA Holdings Ltd is a parent of VS Media HK.1 It is headquartered in Hong Kong, Hong Kong.1 Its shares trade on Nasdaq under the symbol VSME.1

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Last updated Oct 21, 2026.

Overview

$7.5MRevenue, fiscal 20252
-$8.6MNet income, fiscal 20252

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  • TickerVSME on Nasdaq1
  • IndustryServices-Advertising Agencies1
  • HeadquartersHong Kong, Hong Kong1
  • Incorporated inVirgin Islands, British3
  • Business address6/F, Koho, 75 Hung To Road, Kwun Tong, Hong Kong, K3 0000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Media BVI was incorporated on August 22, 2013, in the BVI with limited liability and is the parent of VS Media HK.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

23.7%Gross margin2
-85.4%Operating margin2
-114.5%Net margin2
-8.8%Revenue growth, 20252
-208.1%Return on equity2
-$3.5MFree cash flow2

What sells

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

Products and services

Campaign Based Marketing Services brought in 79% of the revenue VS MEDIA Holdings Ltd broke down this way in fiscal 2025.

  1. Campaign Based Marketing Services$5.9M279%up 21% from 2024
  2. Optimization Based Marketing Services$1.0M214%down 58% from 2024
  3. Social Media Platforms Marketing Services$572.9K28%down 26% from 2024
  4. Social Commerce$31820%down 100% from 2024
Products and services by year
Products and services202320242025
Campaign Based Marketing Services$4.4M$4.9M$5.9M
Optimization Based Marketing Services$2.7M$2.5M$1.0M
Social Media Platforms Marketing Services$866.7K$771.3K$572.9K
Social Commerce$133.1K$318

Business segments

Marketing and Platform Service brought in 100% of the revenue VS MEDIA Holdings Ltd broke down this way in fiscal 2025.

  1. Marketing and Platform Service$7.5M2100%down 7% from 2024
  2. Social Commerce$31820%down 100% from 2024
Business segments by year
Business segments202320242025
Marketing and Platform Service$8.0M$8.1M$7.5M
Social Commerce$133.1K$318

Regions

HKMember brought in 50% of the revenue VS MEDIA Holdings Ltd broke down this way in fiscal 2025.

  1. HKMember$3.8M250%down 26% from 2024
  2. TWMember$3.7M250%up 20% from 2024
Regions by year
Regions202320242025
HKMember$5.4M$5.1M$3.8M
TWMember$2.5M$3.1M$3.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue76¢$5.7M
  • Other costs24¢$1.8M

Out of $7.5M in revenue.2 The company lost money this year.

Financial statements

Revenue562$7.5M in 2025−31% since 2021
0$5.0M$10.0M$15.0M2021: $10.9M$10.9M20212022: $9.0M$9.0M2022−18%2023: $8.0M$8.0M2023−11%2024: $8.2M$8.2M2024+3%2025: $7.5M$7.5M2025−9%
Gross profit562$1.8M in 2025−22% since 2021
0$1.0M$2.0M$3.0M2021: $2.3M$2.3M20212022: $2.3M$2.3M2022+0%2023: $1.6M$1.6M2023−28%2024: $1.7M$1.7M2024+3%2025: $1.8M$1.8M2025+5%
Operating income562-$6.4M in 2025+8976% since 2021
-$8.0M-$6.0M-$4.0M-$2.0M02021: -$70.8K-$70.8K20212022: -$1.6M-$1.6M2022+2222%2023: -$6.4M-$6.4M2023+290%2024: -$6.9M-$6.9M2024+8%2025: -$6.4M-$6.4M2025−7%
Net income562-$8.6M in 2025+3602% since 2021
-$10.0M-$5.0M0$5.0M2021: -$232.6K-$232.6K20212022: $3.5M$3.5M20222023: -$6.6M-$6.6M20232024: -$7.3M-$7.3M2024+11%2025: -$8.6M-$8.6M2025+18%

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

Period ending2025-12-312024-12-312023-12-31
Revenues, net$7.5M$8.2M$8.0M
Cost of revenues-$5.7M-$6.6M-$6.4M
Gross profit$1.8M$1.7M$1.6M
Marketing expenses-$973.6K-$488.5K-$218.9K
Share-based compensation-$478.8K-$946.4K-$861.6K
General and administrative expenses-$6.8M-$7.2M-$7.0M
Total operating expenses-$8.2M-$8.6M-$8.1M
Loss from operations-$6.4M-$6.9M-$6.4M
Interest income$8.2K$6.6K$7.6K
Interest income, related party$173.0K
Interest expense-$163.0K-$409.9K-$290.7K
Share of loss from equity investment-$159.2K
Impairment on intangible assets-$906.3K
Impairment on investments-$100.4K
Impairment on goodwill-$1.1M
Other income$80.1K$15.1K$103.0K
Total other expenses, net-$2.2M-$388.2K-$180.2K
Loss before income taxes-$8.6M-$7.3M-$6.6M
Net loss-$8.6M-$7.3M-$6.6M
Foreign currency translation adjustment-$61.6K-$137.0K$259.1K
Total comprehensive loss-$8.7M-$7.4M-$6.3M
Income (loss) per share - basic-$5.20-$46.08-$46.16
Income (loss) per share - diluted-$5.20-$46.08-$46.16
Weighted average number of ordinary shares outstanding - basic1.7M shares158.3K shares142.9K shares
Weighted average number of ordinary shares outstanding - diluted1.7M shares158.3K shares142.9K shares

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Corporate structure

VS MEDIA 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 VS MEDIA Holdings Ltd

  • Discovery, Inc. Filed SCHEDULE 13G/A on VS MEDIA Holdings Ltd, latest Sep 25, 2026 (2 filings since Jan 23, 2024)
  • Amazing Grace Ltd Filed SC 13D on VS MEDIA Holdings Ltd, latest Oct 4, 2024
  • VS MEDIA Holdings Ltd Hong Kong, Hong Kong

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

What it owns

What VS MEDIA 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$81.7K2 Dec 31, 2025$86.7K2 Dec 31, 2024−5.8%
Accumulated depreciation$64.3K2 Dec 31, 2025$72.9K2 Dec 31, 2024−11.8%
Property and equipment, net$17.4K2 Dec 31, 2025$13.8K2 Dec 31, 2024+26.0%
Operating-lease assets (leased space)$214.0K2 Dec 31, 2025$259.0K2 Dec 31, 2024−17.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$976.1K2 Dec 31, 2025$775.2K2 Dec 31, 2024+25.9%
Stakes in other companies (equity method)$1.7M2 Dec 31, 2025
Long-term investments$1.7M2 Dec 31, 2025$100.4K2 Dec 31, 2024+1605.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1M2 Dec 31, 2024
Finite-lived intangibles, gross$1.0M2 Dec 31, 2025$1.0M2 Dec 31, 20240%
Accumulated amortization-$105.9K2 Dec 31, 2025-$85.3K2 Dec 31, 2024−24.1%
Finite-lived intangibles, net$926.9K2 Dec 31, 2024$37.3K6 Dec 31, 2023+2382.7%

Filings

78 filings to the SEC since October 2021: 3 annual reports, 3 large holders, 72 other. The latest 20:

  1. Oct 14, 20266-K EDGAR
  2. Oct 2, 20266-K EDGAR
  3. Oct 1, 20266-K EDGAR
  4. Sep 25, 2026SCHEDULE 13G/A EDGAR
  5. Sep 24, 20266-K/A EDGAR
  6. Sep 23, 20266-K EDGAR
  7. Sep 11, 2026EFFECT EDGAR
  8. Sep 11, 20266-K EDGAR
  9. Aug 21, 2026F-3/A EDGAR
  10. Aug 7, 2026F-3/A EDGAR
  11. Jul 28, 2026F-3 EDGAR
  12. Jul 15, 20266-K EDGAR
  13. May 22, 20266-K EDGAR
  14. Apr 30, 202620-F EDGAR
  15. Apr 29, 20266-K EDGAR
  16. Mar 6, 20266-K EDGAR
  17. Jan 28, 20266-K EDGAR
  18. Dec 31, 20256-K EDGAR
  19. Dec 30, 20256-K EDGAR
  20. Dec 16, 20256-K EDGAR

The 78 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 VS MEDIA 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 EDGARVS MEDIA Holdings Ltd1
  • CIK0001951294
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inD84
  • Fiscal year endsDecember 311
  • Industry code (SIC)7311 Services-Advertising Agencies1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address6/F, Koho, 75 Hung To Road, Kwun Tong, Hong Kong, K3 0000001
  • Phone852 2865 99921
  • Shares outstanding55,013,689 shares as of Dec 31, 20254
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 7, 20221
  • Filings78 in all: 6-K (34), 424B4 (6), CORRESP (5), UPLOAD (4), 20-F (3), EFFECT (3), DRS/A (2), DRSLTR (2)1
    All 22 form types

    F-1 (2), F-1/A (2), F-3/A (2), S-8 (2), S-8 POS (2), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), FWP (1), SC 13D (1), SC 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary SharesVSMEThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 30, 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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