089970 - VM, Inc.

089970 Summary

Displays

Stock Price & Overview

₩52,800 +900 (+1.73%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩52,800 ≈ US$38 · Market cap ₩1.4tn (≈ $993m)

089970 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Total Revenue	144.4	70.3	26.0	141.4	178.1	93.0	59.3	61.0	41.1
Cost of Revenue	90.7	46.9	13.3	81.9	100.7	52.3	33.1	33.7	23.6
Gross Profit	53.7	23.4	12.7	59.5	77.4	40.7	26.2	27.4	17.5
Selling, General & Administrative	29.1	32.0	23.6	28.6	23.3	11.1	10.1	6.3	4.8
Operating Income	24.7	-8.6	-11.0	30.9	54.0	29.6	16.1	21.1	12.7
Finance Income	6.6	8.4	4.3	5.9	4.3	1.4	1.2	0.5	0.1
Finance Costs	4.5	4.5	0.7	2.5	0.1	1.4	0.2	0.0	0.0
Pretax Income	27.3	-4.6	-7.3	35.1	58.9	29.3	17.8	22.1	12.8
Income Tax Expense	1.1	-1.1	-0.3	7.2	12.4	5.9	3.6	4.7	2.0
Net Income	26.1	-3.5	-7.0	27.9	46.5	23.4	14.2	17.5	10.8
Total Comprehensive Income	—	—	—	29.3	48.2	22.1	14.2	17.5	10.8

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Total Assets	248.7	165.7	150.9	156.6	145.6	118.4	65.5	64.7	29.6
Current Assets	223.8	150.5	140.8	145.2	133.8	111.5	59.9	58.4	23.1
Cash & Cash Equivalents	130.5	92.0	68.2	48.1	86.3	57.3	41.3	15.8	4.2
Inventories	68.9	46.8	67.8	61.5	39.3	41.4	16.7	17.5	14.0
Trade Receivables	21.8	8.6	1.1	5.9	2.8	8.3	0.6	0.5	0.1
Non-current Assets	24.9	15.2	10.2	11.5	11.9	6.9	5.6	6.2	6.5
Property, Plant & Equipment	19.0	12.2	7.7	8.5	9.3	5.8	4.5	4.5	4.1
Intangible Assets	1.0	0.4	0.4	0.5	0.4	0.4	0.1	0.2	0.1
Total Liabilities	71.5	41.4	28.8	38.7	31.5	28.8	6.0	11.2	5.7
Current Liabilities	68.2	39.3	27.0	37.3	28.3	27.8	5.8	11.1	5.4
Non-current Liabilities	3.3	2.1	1.8	1.4	3.2	1.0	0.2	0.2	0.3
Total Equity	177.2	124.3	122.2	117.9	114.1	89.7	59.5	53.4	23.9
Share Capital	2.4	2.4	2.4	2.4	2.4	2.4	2.3	2.3	2.1
Retained Earnings	115.5	89.4	93.0	100.0	93.7	62.4	39.1	29.3	11.8

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Cash from Operating Activities	18.3	22.2	-15.6	-8.2	54.1	13.0	11.8	22.0	6.2
Cash from Investing Activities	-4.5	-5.8	26.8	-26.5	-4.5	-3.9	23.3	-21.4	-2.9
Purchase of Property, Plant & Equipment	8.2	6.1	1.7	0.9	2.4	1.5	0.5	0.7	0.1
Cash from Financing Activities	25.4	-0.1	8.1	-6.6	-24.8	9.1	-9.4	11.0	-0.7
Dividends Paid	—	—	—	21.5	15.2	0.0	4.4	0.0	0.0
Net Change in Cash	38.6	23.8	20.0	-38.2	29.1	15.9	25.6	11.6	2.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	72.3	88.9	50.8	36.4	39.2	17.9	33.0	9.3	19.7	8.2
Cost of Revenue	41.7	49.8	32.4	21.7	26.4	10.2	21.4	6.0	13.8	5.7
Gross Profit	30.6	39.1	18.5	14.7	12.8	7.7	11.6	3.3	5.9	2.6
Selling, General & Administrative	10.5	9.0	9.2	5.7	8.3	5.9	13.0	5.5	5.6	7.8
Operating Income	20.1	30.1	9.3	9.0	4.4	1.9	-1.5	-2.2	0.3	-5.3
Finance Income	3.8	4.2	2.7	1.3	1.8	0.8	5.2	-1.3	2.1	2.4
Finance Costs	0.4	0.8	0.1	-1.0	4.9	0.5	2.2	0.4	1.8	0.2
Pretax Income	23.6	34.0	12.2	11.3	1.5	2.2	1.7	-3.9	0.6	-3.0
Income Tax Expense	5.7	8.4	1.1	-0.0	-0.6	0.6	-2.3	1.0	-0.1	-0.1
Net Income	17.9	25.6	11.2	11.3	2.1	1.6	1.6	-2.9	0.7	-2.9
Total Comprehensive Income	—	—	—	—	—	—	—	-3.9	1.3	-2.1

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	311.4	286.2	248.7	212.7	179.7	166.6	165.7	156.8	158.2	153.4
Current Assets	285.5	261.5	223.8	193.7	163.0	149.6	150.5	141.9	145.9	141.1
Cash & Cash Equivalents	189.6	148.2	130.5	125.4	99.6	84.1	92.0	75.8	76.3	69.4
Inventories	81.3	69.7	68.9	50.6	44.7	48.5	46.8	61.7	59.3	67.2
Trade Receivables	12.8	41.3	21.8	9.0	14.0	13.4	8.6	0.9	6.9	0.7
Non-current Assets	25.9	24.7	24.9	19.0	16.7	17.0	15.2	14.9	12.3	12.3
Property, Plant & Equipment	19.8	18.5	19.0	15.6	13.6	13.8	12.2	11.4	9.8	9.7
Intangible Assets	0.9	0.9	1.0	0.8	0.5	0.4	0.4	0.4	0.4	0.4
Total Liabilities	54.1	82.2	71.5	51.4	48.1	40.4	41.4	36.3	34.3	32.7
Current Liabilities	49.3	78.7	68.2	48.5	45.6	38.2	39.3	34.5	32.2	30.9
Non-current Liabilities	4.9	3.4	3.3	2.9	2.5	2.3	2.1	1.8	2.0	1.8
Total Equity	257.3	204.0	177.2	161.4	131.6	126.1	124.3	120.5	124.0	120.6
Share Capital	2.6	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4
Retained Earnings	158.9	141.0	115.5	104.4	93.1	91.0	89.4	88.0	90.8	90.1

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	35.7	14.5	-0.9	9.0	15.7	-5.4	12.2	4.8	3.8	1.4
Cash from Investing Activities	-0.1	-0.3	0.3	-2.4	-0.2	-2.1	-1.0	-2.0	-0.4	-2.4
Purchase of Property, Plant & Equipment	0.1	0.2	3.9	2.1	0.2	2.1	1.1	2.1	0.4	2.5
Cash from Financing Activities	5.9	-0.1	3.9	17.3	4.4	-0.1	-1.3	-0.2	1.6	-0.1
Net Change in Cash	41.4	17.6	5.1	25.9	15.4	-7.8	16.1	-0.5	6.9	1.3

Consolidated (CFS), from DART. 9 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

089970 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	144.4	+105.5%	+0.7%	+9.2%	—
Operating income	24.7	—	-7.3%	-3.6%	—
Net income	26.1	—	-2.1%	+2.3%	—
EPS	₩993	—	-2.1%	+2.3%	—
Operating cash flow	18.3	-17.4%	—	+7.1%	—
Shareholders' equity	177.2	+42.6%	+14.5%	+14.6%	—

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

089970 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	37.2%	33.2%	48.7%	42.1%	43.5%	43.8%
Operating margin	17.1%	-12.2%	-42.2%	21.9%	30.3%	31.8%
Net margin	18.1%	-4.9%	-26.8%	19.7%	26.1%	25.1%
Return on equity	17.3%	-2.8%	-5.8%	24.0%	45.6%	31.3%
Return on assets	12.6%	-2.2%	-4.5%	18.4%	35.2%	25.4%
Operating cash flow / revenue	12.7%	31.5%	-59.9%	-5.8%	30.4%	14.0%
Capex / revenue	5.7%	8.7%	6.4%	0.7%	1.4%	1.6%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

Similar to 089970

Symbol	Last Price
319660PSK, Inc.	₩126,500 +3.3%
084370Eugene Technology Co., Ltd.	₩136,500 +4.4%
031980PSK Holdings, Inc.	₩144,000 +11.2%
095610TES Co., Ltd.	₩146,800 +9.6%
098460Koh Young Technology, Inc.	₩27,900 +1.3%
089030Techwing, Inc.	₩47,100 +2.1%
183300Ko Mi Co., Ltd.	₩25,100 +3.3%
083450Global Standard Technology Co., Ltd.	₩43,000 +4.5%
122640YEST Co., Ltd.	₩27,150 +1.1%
053610Protec Co., Ltd.	₩60,000 +3.3%

Compare all 13 in Displays

What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.