Company research
Golden Sun Technology Group Ltd.
CIK 1826376Updated Sep 24, 2026
SecurityGSUN · NASDAQ · equity
Name history
Golden Sun Health Technology Group Ltd · through Sep 24, 2025Golden Sun Education Group Ltd · through Nov 27, 2023
GSUN price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 23,955,700Source | 17,083,469,000Source | 19,448,093Source | 23,438,586Source |
| Property, Plant and Equipment, NetUSD | 1,629,185Source | 211,672,000Source | 314,652Source | 344,028Source |
| GoodwillUSD | 3,958,834Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 781,498Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 775,334Source | — | — | 20,347,501Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,201,006Source | 50,765,000Source | 39,331Source | 257,617Source |
| Inventory, NetUSD | 73,861Source | 375,881,000Source | 153,851Source | — |
| Assets, CurrentUSD | 12,732,153Source | 10,353,075,000Source | 12,053,846Source | 22,115,688Source |
| Prepaid Expense and Other Assets, CurrentUSD | 9,647,889Source | 3,005,505,000Source | 4,869,347Source | 1,022,309Source |
| Operating Lease, Right-of-Use AssetUSD | 288,222Source | 702,453,000Source | 1,358,342Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,127,171Source | 16,672,098,000Source | 15,071,828Source | 14,705,467Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 32,340,418Source | 19,450,741,000Source | 19,468,026Source | 17,643,391Source |
| Retained Earnings (Accumulated Deficit)USD | -23,570,155Source | -18,541,751,000Source | -14,835,585Source | -9,006,610Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -482,659Source | -1,208,386,000Source | -1,221,021Source | -817,948Source |
| Stockholders' Equity Attributable to ParentUSD | 9,279,349Source | 717,536,000Source | 4,427,990Source | 8,792,374Source |
| Liabilities and EquityUSD | 23,955,700Source | 17,083,469,000Source | 19,448,093Source | 23,438,586Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 10,627,926Source | 13,572,863,000Source | 10,815,750Source | 12,568,684Source |
| Operating Lease, Liability, CurrentUSD | 72,709Source | 246,809,000Source | 551,384Source | — |
| Accounts Payable, CurrentUSD | 2,979,609Source | 1,408,467,000Source | 974,314Source | 665,397Source |
| Operating Lease, Liability, NoncurrentUSD | 185,078Source | 409,703,000Source | 882,617Source | — |
| Deferred Income Tax Liabilities, NetUSD | 230,469Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -450,820Source | -306,165,000Source | -51,725Source | -59,255Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 861,203Source | — | — | — |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | 2,155,389Source |
| Deferred Revenue, CurrentUSD | — | — | 3,988,699Source | 4,435,393Source |
| Deferred Tax Liabilities, NetUSD | 230,469Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 182,610Source | 1,567,487,000Source | — | 933,436Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,921,759Source | 1,766,986,000Source | 3,207,237Source | 2,094,610Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -5,234,415Source | -3,968,852,000Source | -5,780,054Source | -2,118,349Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | 92,649,000Source | 153,405Source | 169,808Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 1,825,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,017,358Source | 23,743,000Source | -288,661Source | -295,847Source |
| Increase (Decrease) in InventoriesUSD | -14,516Source | 334,462,000Source | 159,145Source | — |
| Increase (Decrease) in Accounts PayableUSD | 2,581,783Source | 385,251,000Source | 336,763Source | 514,569Source |
| Deferred Income Tax Expense (Benefit)USD | -3,554Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -9,318,172Source | -4,900,883,000Source | -7,942,004Source | 910,251Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 415,945Source | 1,726,878,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 165,275Source | -1,973,409,000Source | -5,724,628Source | -174,074Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 9,367Source | 133,146,000Source | 248,964Source | 174,074Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,020,161Source | 1,117,204,000Source | 246,801Source | 18,634,264Source |
| Repayments of Long-term DebtUSD | — | — | 7,307,218Source | 375,389Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -64,288Source | -5,713,086,000Source | -13,794,793Source | 19,154,721Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 775,334Source | 839,622,000Source | — | 20,347,501Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 343,753Source | 273,074,000Source | — | — |
| Income Taxes Paid, NetUSD | 3,322Source | 7,813,000Source | 2,563Source | 147Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | -215,720Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 22,161Source | — | — | — |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | 2,155,389Source |
| DepreciationUSD | 45,198Source | 92,649,000Source | 153,405Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -536,295Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -195,604Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -15,118Source | 105,040,000Source | -68,847Source | -7,873Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | -180,731,000Source | -117,043Source | — |
| Gain (Loss) on InvestmentsUSD | -13,215Source | -816,472,000Source | -18,866Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -3,158Source | — | — | — |
| General and Administrative ExpenseUSD | 2,706,230Source | 4,163,160,000Source | 6,828,120Source | 4,717,664Source |
| GoodwillUSD | 3,958,834Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -5,951,827Source | — | -5,780,054Source | -2,118,349Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,951,827Source | — | -5,780,054Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 717,412Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 13,830Source | — | — | — |
| Income Tax Expense (Benefit)USD | -3,554Source | 18,617,000Source | 136,838Source | 354,529Source |
| InterestExpenseNonoperatingUSD | 340,474Source | 243,530,000Source | — | — |
| Inventory Write-downUSD | 60,895Source | 124,132,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -5,087,330Source | -3,706,166,000Source | -5,786,311Source | -2,139,320Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -147,085Source | -262,686,000Source | 6,257Source | 20,971Source |
| Nonoperating Income (Expense)USD | -3,855,407Source | -1,387,405,000Source | 494,454Source | — |
| Operating ExpensesUSD | 2,901,749Source | 4,925,611,000Source | 7,930,139Source | 6,351,819Source |
| Other Depreciation and AmortizationUSD | — | — | 153,405Source | — |
| Other Nonoperating Income (Expense)USD | -150,462Source | -327,403,000Source | 845,012Source | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 7,570,924Source | 2,343,893Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 35,479,712Source | 10,159,020,000Source | 6,155,593Source | 10,814,656Source |
| Cost of RevenueUSD | 1,009Source | — | — | — |
| Operating Income (Loss)USD | -2,099,974Source | -2,562,830,000Source | -6,137,670Source | -1,540,421Source |
| Other Nonoperating Income (Expense)USD | -150,462Source | -327,403,000Source | 845,012Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -5,955,381Source | -3,950,235,000Source | -5,643,216Source | -1,763,820Source |
| Income Tax Expense (Benefit)USD | -3,554Source | 18,617,000Source | 136,838Source | 354,529Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -147,085Source | -262,686,000Source | 6,257Source | 20,971Source |
| Net Income (Loss) Attributable to ParentUSD | -5,087,330Source | -3,706,166,000Source | -5,786,311Source | -2,139,320Source |
| Earnings Per Share, BasicUSD per share | -1.79Source | -1.87Source | — | — |
| Earnings Per Share, DilutedUSD per share | — | -1.87Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,848,785Source | 1,980,944Source | — | 14,433,156Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,848,785Source | 1,980,944Source | — | 14,433,156Source |
| Interest Expense (non-operating)USD | 340,474Source | 243,530,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 22,161Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | — | 18,617,000Source | 136,838Source | 354,529Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 67,359Source | — | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -536,295Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -195,604Source |
| Gain (Loss) on InvestmentsUSD | -13,215Source | -816,472,000Source | -18,866Source | — |
| General and Administrative ExpenseUSD | 2,706,230Source | 4,163,160,000Source | 6,828,120Source | 4,717,664Source |
| Gross ProfitUSD | 801,775Source | 2,362,781,000Source | 1,792,469Source | 4,811,398Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -5,951,827Source | — | -5,780,054Source | -2,118,349Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -5,951,827Source | — | -5,780,054Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -2.08Source | — | -0.31Source | -0.15Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.31Source | -0.15Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 717,412Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 13,830Source | — | — | — |
| Interest ExpenseUSD | — | — | 331,692Source | 213,894Source |
| Interest Expense, DebtUSD | — | 214,519,000Source | 317,918Source | 158,173Source |
| Interest Income (Expense), NetUSD | — | — | — | -223,399Source |
| Interest Revenue (Expense), NetUSD | — | 243,530,000Source | 331,692Source | — |
| Nonoperating Income (Expense)USD | -3,855,407Source | -1,387,405,000Source | 494,454Source | — |
| Operating ExpensesUSD | 2,901,749Source | 4,925,611,000Source | 7,930,139Source | 6,351,819Source |
| Other IncomeUSD | — | — | — | -9,505Source |
| Research and Development ExpenseUSD | — | 873,431,000Source | 873,431Source | 844,167Source |
| Selling and Marketing ExpenseUSD | — | 317,402,000Source | 639,680Source | — |
| Selling ExpenseUSD | 195,519Source | 762,451,000Source | 1,102,019Source | 1,634,155Source |