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NASDAQ NMS - GLOBAL MARKET · Textiles, Apparel & Luxury Goods · CIK 0001696558
$6.05
-3.27% · live
Updated
$76.9M market value
From Jerash Holdings (US), Inc.'s FY2026 10-K, filed Jun 18, 2026 · read the filing
Jerash (US) makes clothing. It took in $166.3M last year, which makes it a smaller company. Of every dollar it sells, about 2 cents is left as profit.
The financial picture is led by debt, with profitability and growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From Jerash Holdings (US), Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$1.4M → $6.3M
Profit
-$848.4K → $3.5M
Free cash flow
$413.5K → -$2.6M
Earnings per share
-$0.07 → $0.28
Measured against FY2025, from the 10-K filed Jun 18, 2026
Improved: +337.3%
$1.4M to $6.3MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$848.4K to $3.5MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
JRSH fell 3.27% on the latest quote. The average Consumer Discretionary company tracked here moved +2.31%, and the S&P 500 −1.04%. That is 5.6 points below its sector and 2.2 points below the market.
No filing from JRSH and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 2 cents of every dollar of sales as profit, earning $3.5M last year. Note that after $5.1M of spending on property and equipment, it consumed $2.6M more cash than it generated.
Slowly. Sales grew 14.0% last year.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 72 cents of every dollar of profit, which leaves little room for the payment to survive a bad year. It paid out 102% of the cash its operations generated. It has paid in each of the last 8 years.
MixedNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $3.5M and generated $2.5M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Jun 18, 2026Filing for FY2026 | FY202510-K · Jun 18, 2026Filing for FY2025 | FY202410-K · Jun 26, 2025Filing for FY2024 | FY202310-K · Jun 28, 2024Filing for FY2023 | FY202210-K/A · Jun 28, 2023Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $166.3M | $145.8M | $117.2M | $138.1M | $143.4M | +14.0% |
| Cost of revenue | $139.5M | $123.5M | $100.3M | $116.3M | $116.0M | +12.9% |
| Gross profit | $26.8M | $22.3M | $16.9M | $21.8M | $27.3M | +20.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 16.1% | 15.3% | 14.4% | 15.8% | 19.1% | +0.8 pts |
| Selling, general and administrative | $19.6M | $19.1M | $16.6M | $17.0M | $15.9M | +2.3% |
| Operating income | $6.3M | $1.4M | -$665.0K | $4.4M | $10.5M | +337.3% |
| Operating marginOperating income ÷ revenueWhat is this? | 3.8% | 1.0% | -0.6% | 3.2% | 7.3% | +2.8 pts |
| Interest expense | $1.6M | $1.7M | $1.2M | $768.1K | $210.6K | −5.5% |
| Income before tax | $4.7M | $151.2K | -$1.4M | $4.1M | $10.4M | +3040.0% |
| Net income | $3.5M | -$848.4K | -$2.0M | $2.4M | $7.9M | n/m |
| Net marginNet income ÷ revenueWhat is this? | 2.1% | -0.6% | -1.7% | 1.8% | 5.5% | +2.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.2786 | $-0.0668 | $-0.1631 | $0.1968 | $0.6421 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Held a shareholder vote · Reported another event
Read the filingQuarterly report for Q1 FY2027
Revenue +26.7% · Operating margin +2.8 pts · Operating income +174.4% — against Q1 FY2026
Read the filingWrite down why you are following Jerash Holdings (US), Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Jerash Holdings Announces Results of 2026 Annual Meeting of Stockholders
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Jerash Holdings to Present at Lake Street's 10th Annual Best Ideas Growth Conference, September 10
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Jerash Holdings (US) Inc (JRSH) (Q1 2027) Earnings Call Highlights: Record Revenue and Fivefold ...
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Jerash Holdings (US) Q1 Earnings Call Highlights
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from JRSH's 10-K for fiscal year 2026 (period ending 2026-03-31, filed Jun 18, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.3 | 6/8 | 10-K, filed Jun 18, 2026 |
| FY2025 | 4.7 | 5/8 | 10-K, filed Jun 26, 2025 |
| FY2024 | 4.7 | 3/8 | 10-K, filed Jun 28, 2024 |
| FY2023 | 6.0 | 4/8 | 10-K, filed Jun 28, 2023 |
| FY2022 | 8.7 | 7/8 | 10-K, filed Jun 27, 2022 |
| FY2021 | 6.0 | 2/8 | 10-K, filed Jun 23, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
5.04
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Deteriorated: turned negative
$413.5K to -$2.6MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: turned positive
-$0.07 to $0.28Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: +439.2%
$951.1K to $5.1MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +20.0%
$22.3M to $26.8MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -19.3%
$13.3M to $10.8MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +14.0%
$145.8M to $166.3MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.8 pts
1.0% to 3.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +2.7 pts
-0.6% to 2.1%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q1 FY2027 against Q1 FY2026, from the 10-Q filed Aug 12, 2026 — read it.
Improved: +174.4%
$959.0K to $2.6MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +427.1%
$318.7K to $1.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: turned positive
-$6.9M to $2.3MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +427.1%
$0.03 to $0.13Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +143.4%
$5.8M to $14.1MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: -60.3%
$464.9K to $184.6KCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +26.7%
$39.6M to $50.2MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +35.7%
$6.1M to $8.3MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.1 pts
15.4% to 16.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.8 pts
2.4% to 5.2%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +2.5 pts
0.8% to 3.3%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
No — it holds more cash than debt, with $7.9M left over after paying off every borrowing. For every $1 it owes, it owns $3.60 in assets.
The trailing P/E is 21.2x — investors pay $21.2 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Published results
Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2026
Revenue +14.0% · Operating margin +2.8 pts · Operating income +337.3% — against FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Revenue +18.0% · Operating margin +2.6 pts · Operating income +174.5% — against Q3 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Reported another event
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Profit -29.6% · Earnings per share -31.8% · Cash -26.5% — against Q2 FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingHeld a shareholder vote · Reported another event
Read the filingHeld a shareholder vote · Reported another event
Read the filingTerminated a material agreement
Read the filingQuarterly report for Q1 FY2026
Operating margin +4.4 pts · Operating income turned positive · Profit turned positive — against Q1 FY2025
Read the filingJerash Holdings (US), Inc. Declares Quarterly Dividend
Yahoo Finance ·
Primary sources and further research