$CLPS

CLPS Inc

CIK:0001724542|SEC Filings

Consolidated Statements of Comprehensive (Loss)/Income - USD ($)	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Total revenue	$ 164,481,414	$ 142,812,726	$ 150,356,539
Total cost of revenue	(128,175,996)	(109,865,595)	(115,874,809)
Gross profit	36,305,418	32,947,131	34,481,730
Operating income (expenses):
Selling and marketing expenses	(5,180,682)	(4,573,344)	(3,300,555)
Research and development expenses	(5,815,555)	(7,155,949)	(8,336,999)
General and administrative expenses	(31,852,179)	(25,120,010)	(21,641,317)
Impairment of goodwill	(129,270)		(2,382,538)
Subsidies and other operating income	1,294,964	1,363,757	1,256,070
Total operating expenses	(41,682,722)	(35,485,546)	(34,405,339)
(Loss) income from operations	(5,377,304)	(2,538,415)	76,391
Other income	1,237,678	1,251,465	1,123,612
Other expenses	(935,988)	(556,415)	(430,357)
(Loss) income before income tax and share of income (loss) in equity investees	(5,075,614)	(1,843,365)	769,646
Provision for income taxes	947,529	160,725	674,344
(Loss) income before share of income (loss) in equity investees	(6,023,143)	(2,004,090)	95,302
Share of income (loss) in equity investees, net of tax	(403,421)	156,780	70,263
Net (loss) income	(6,426,564)	(1,847,310)	165,565
Less: net income (loss) attributable to noncontrolling interest	623,170	482,655	(26,964)
Net (loss) income attributable to CLPS Incorporation's shareholders	(7,049,734)	(2,329,965)	192,529
Other comprehensive income (loss)
Foreign currency translation income (loss)	1,263,806	(355,386)	(3,532,507)
Less: foreign currency translation income (loss) attributable to noncontrolling interests	14,666	(78)	(92,161)
Other comprehensive income (loss) attributable to CLPS Incorporation’s shareholders	1,249,140	(355,308)	(3,440,346)
Comprehensive loss attributable to CLPS Incorporation's shareholders	(5,800,594)	(2,685,273)	(3,247,817)
Comprehensive income (loss) attributable to noncontrolling interests	637,836	482,577	(119,125)
Comprehensive loss	$ (5,162,758)	$ (2,202,696)	$ (3,366,942)
Basic (losses) earnings per common share (in Dollars per share)	$ (0.26)	$ (0.09)	$ 0.01
Weighted average number of share outstanding – basic (in Shares)	27,533,182	25,213,012	23,153,976
Diluted (losses) earnings per common share (in Dollars per share)	$ (0.26)	$ (0.09)	$ 0.01
Weighted average number of share outstanding – diluted (in Shares)	27,533,182	25,213,012	23,153,976
Third Parties
Total revenue	$ 164,229,721	$ 142,725,554	$ 150,298,963
Total cost of revenue	(127,987,226)	(109,795,857)	(115,827,597)
Related Parties
Total revenue	251,693	87,172	57,576
Total cost of revenue	$ (188,770)	$ (69,738)	$ (47,212)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net (loss) income	$ (6,426,564)	$ (1,847,310)	$ 165,565
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Share-based compensation	2,467,911	3,168,016	2,478,295
Depreciation and amortization	1,877,119	1,252,493	1,219,812
Deferred tax expenses (benefits)	484,338	(717,679)	264,027
Lease expense to reduce operating lease right-of -use assets	2,006,244	1,487,063	1,070,385
Share of loss (income) in equity investees, net of tax	403,421	(156,780)	(70,263)
Loss on disposal of subsidiaries			38,674
Provision for (reversal of) credit losses	33,923	589,529	(10,525)
Loss from disposal of property and equipment	3,503	9,720
Impairment of long-term investments			85,326
Impairment of goodwill	129,270		2,382,538
Others	(59,998)		(258,262)
Changes in assets and liabilities:
Accounts receivable	(5,350,073)	7,208,359	454,071
Prepayment, deposits and other assets	(2,518,771)	(308,440)	3,457,373
Amounts due from related parties	(239,802)	(26,274)	27,836
Accounts payable	1,566,070	212,771	346,438
Accrued expenses and other current liabilities	(382,472)	(189,912)	3,850
Contract liabilities	1,331,134	(226,575)	331,330
Tax payables	112,091	(303,260)	148,309
Amounts due to related parties	(1,240)	(19,445)	(291,087)
Salaries and benefits payable	3,891,709	(1,118,578)	(769,939)
Operating lease liabilities	(2,122,665)	(1,181,396)	(1,101,526)
Unrecognized tax benefit	250,809	1,092,932	(266,276)
Net cash (used in) provided by operating activities	(2,544,043)	8,925,234	9,705,951
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(1,258,043)	(2,117,282)	(519,282)
Proceeds from disposal of property and equipment	1,328	8,521	158,365
Acquisition of intangible assets	(9,614)
Payments for business acquisitions, net of cash acquired from acquisitions	(211,353)	(2,358,172)
Acquisition of long-term investments	(1,491,891)
Disposition of long-term investments			111,066
Disposition of subsidiaries			13,806
Maturities of short-term investments	2,726,780	1,119,635	14,130,000
Purchases of short-term investments	(1,463,731)	(3,219,635)	(14,130,000)
Maturities of short-term investments, net
Repayments from related parties	2,936,754	829,847	204,211
Loans provided to related parties	(2,984,351)	(6,513,930)	(274,212)
Net cash used in investing activities	(1,754,121)	(12,251,016)	(306,046)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term bank loans	42,871,141	44,508,794	23,388,911
Repayments of short-term bank loans	(36,168,815)	(31,761,143)	(26,325,471)
Payments for subsidiary’s offering costs	(161,185)
Dividends paid to shareholders	(3,641,025)	(2,554,508)	(1,175,684)
Dividends paid to noncontrolling interests			(207,087)
Net cash provided by (used in) financing activities	2,900,116	10,193,143	(4,319,331)
Effect of exchange rate changes on cash	430,696	(28,482)	(1,175,928)
Net (decrease) increase in cash	(967,352)	6,838,879	3,904,646
Cash and cash equivalents and restricted cash at the beginning of the year	29,140,512	22,301,633	18,396,987
Cash and cash equivalents and restricted cash at the end of the year	28,173,160	29,140,512	22,301,633
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income tax paid	379,140	857,515	1,619,792
Interest paid	482,161	407,574	365,893
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	28,173,160	29,116,431	22,214,029
Restricted cash		24,081	87,604
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	28,173,160	29,140,512	22,301,633
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$ 28,173,160	$ 29,140,512	$ 22,301,633

Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 28,173,160	$ 29,116,431
Restricted cash		24,081
Short-term investments	896,949	2,100,000
Accounts receivable, net	44,891,161	38,779,209
Prepayments, deposits and other assets, net	7,441,565	4,497,578
Total Current Assets	85,777,430	78,076,408
Non-current assets:
Property and equipment, net	21,212,463	21,168,524
Intangible assets, net	2,055,102	2,254,372
Goodwill	1,435,782	1,473,899
Operating lease right-of-use assets	3,407,995	2,776,858
Long-term investments	1,718,995	613,807
Prepayments, deposits and other assets, net	481,761	594,603
Deferred tax assets, net	73,942	697,047
Total Assets	118,109,430	110,029,816
Current liabilities:
Bank loans	30,217,329	23,232,856
Accounts payable	2,515,207	949,137
Accrued expenses and other current liabilities	260,880	799,495
Tax payables	2,463,706	2,351,615
Contract liabilities	2,470,135	1,139,001
Salaries and benefits payable	14,062,007	9,941,541
Operating lease liabilities	2,348,195	1,361,928
Total current liabilities	54,359,343	39,795,803
Non-current liabilities:
Operating lease liabilities	1,301,369	1,638,243
Deferred tax liabilities	251,812	378,344
Unrecognized tax benefits	3,715,163	3,413,850
Other non-current liabilities	896,747	883,963
Total Liabilities	60,524,434	46,110,203
Commitments and Contingencies
Shareholders’ Equity:
Common shares, $0.0001 par value, 100,000,000 shares authorized; 27,988,452 shares issued and outstanding as of June 30, 2025; 25,640,056 shares issued and outstanding as of June 30, 2024	2,799	2,564
Additional paid-in capital	60,177,851	61,351,200
Statutory reserves	5,853,445	5,553,104
Accumulated deficit	(7,401,803)	(51,728)
Accumulated other comprehensive loss	(3,095,507)	(4,345,902)
Total CLPS Incorporation’s Shareholders’ Equity	55,536,785	62,509,238
Noncontrolling interests	2,048,211	1,410,375
Total Shareholders’ Equity	57,584,996	63,919,613
Total Liabilities and Shareholders’ Equity	118,109,430	110,029,816
Related Party
Current assets:
Amounts due from related parties	4,374,595	3,559,109
Non-current assets:
Amounts due from related parties	1,945,960	2,374,298
Current liabilities:
Amounts due to related parties	$ 21,884	$ 20,230