CLPS 6-K

CLPS Inc (CLPS)

6-K 2026-03-06 For: 2026-03-06

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Added on April 06, 2026

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	CLPS Incorporation

	By:	/s/ Raymond Ming Hui Lin
	Name:	Raymond Ming Hui Lin
	Title:	Chief Executive Officer

	As of
	December 31, 2025 (Unaudited)			June 30, 2025 (Audited)
ASSETS
Current assets:
Cash and cash equivalents		28,422,095			28,173,160
Short-term investments		916,852			896,949
Accounts receivable, net		42,819,285			44,891,161
Prepayments, deposits and other assets, net		8,866,524			7,441,565
Amounts due from related parties		4,642,400			4,374,595
Total Current Assets	$	85,667,156		$	85,777,430
Non-current assets:
Property and equipment, net		20,543,354			21,212,463
Intangible assets, net		1,981,780			2,055,102
Operating lease right-of-use assets		2,505,610			3,407,995
Goodwill		1,420,150			1,435,782
Long-term investments		1,687,752			1,718,995
Prepayments, deposits and other assets, net		332,357			481,761
Amounts due from related parties		2,263,799			1,945,960
Deferred tax assets, net		5,964			73,942
Total Assets	$	116,407,922		$	118,109,430

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Bank loans	$	26,166,467		$	30,217,329
Accounts payable		2,490,272			2,515,207
Accrued expenses and other current liabilities		456,200			260,880
Tax payables		2,270,979			2,463,706
Contract liabilities		4,909,035			2,470,135
Salaries and benefits payable		12,123,893			14,062,007
Operating lease liabilities		2,126,684			2,348,195
Amount due to related parties		61,208			21,884
Total Current Liabilities	$	50,604,738		$	54,359,343
Non-current liabilities:
Operating lease liabilities		554,299			1,301,369
Deferred tax liabilities		145,500			251,812
Unrecognized tax benefit		4,004,545			3,715,163
Other non-current liabilities		918,611			896,747
TOTAL LIABILITIES	$	56,227,693		$	60,524,434
Commitments and Contingencies

Shareholders’ Equity
Common stock, $0.0001 par value, 100,000,000 shares authorized; 29,841,828 shares issued and outstanding as of December 31, 2025; 27,988,452 shares issued and outstanding as of June 30, 2025		2,984			2,799
Additional paid-in capital		61,930,342			60,177,851
Statutory reserves		6,059,696			5,853,445
Accumulated deficit		(7,525,036	)		(7,401,803	)
Accumulated other comprehensive losses		(2,612,878	)		(3,095,507	)

Total CLPS Incorporation’s Shareholders’ Equity		57,855,108			55,536,785

Noncontrolling Interests		2,325,121			2,048,211

Total Shareholders’ Equity		60,180,229			57,584,996

Total Liabilities and Shareholders’ Equity	$	116,407,922		$	118,109,430

	For the six months ended December 31,
	2025			2024

Revenues	$	85,085,021		$	82,777,520
Less: Cost of revenues (note 1)		(65,536,781	)		(63,622,547	)
Gross profit		19,548,240			19,154,973

Operating income (expenses):
Selling and marketing expenses (note 1)		2,119,851			2,452,957
Research and development expenses		2,012,252			3,281,877
General and administrative expenses (note 1)		14,940,334			14,115,055
Subsidies and other operating income		(161,221	)		(853,986	)
Total operating expenses		18,911,216			18,995,903
Income from operations		637,024			159,070
Other income		359,284			585,266
Other expenses		(472,495	)		(371,032	)
Income before income tax and share of (loss) income in equity investees		523,813			373,304
Provision for income taxes		170,040			267,790
Income (loss) before share of income in equity investees		353,773			105,514
Share of (loss) income in equity investees, net of tax		(33,669	)		77,505
Net income		320,104			183,019
Less: Net income attributable to noncontrolling interests		237,086			572,932
Net income (loss) attributable to CLPS Incorporation’s shareholders	$	83,018		$	(389,913	)

Other comprehensive income (loss)

Foreign currency translation income	$	522,453		$	93,127
Less: foreign currency translation income (loss) attributable to noncontrolling interest		39,824			(14,109	)
Other comprehensive income attributable to CLPS Incorporation’s shareholders	$	482,629		$	107,236

Comprehensive income (loss) attributable to CLPS Incorporation’s shareholders	$	565,647		$	(282,677	)
Comprehensive income attributable to noncontrolling interests		276,910			558,823
Comprehensive income	$	842,557		$	276,146

Basic income (loss) per common share	$	0.003		$	(0.015	)
Weighted average number of share outstanding – basic		28,947,672			26,859,936
Diluted income (loss) per common share	$	0.003		$	(0.015	)
Weighted average number of share outstanding – diluted		29,551,271			26,859,936

Cost of revenues	2,251	5,306
Selling and marketing expenses	14,250	89,652
General and administrative expenses	1,736,176	2,011,255
	1,752,677	2,106,213

	For the six months ended December 31,
	2025			2024

Cost of revenues	$	(65,536,781	)	$	(63,622,547	)
Less: share-based compensation expenses		(2,251	)		(5,306	)
Non-GAAP cost of revenues	$	(65,534,530	)	$	(63,617,241	)

Selling and marketing expenses	$	(2,119,851	)	$	(2,452,957	)
Less: share-based compensation expenses		(14,250	)		(89,652	)

Non-GAAP selling and marketing expenses	$	(2,105,601	)	$	(2,363,305	)

General and administrative expenses	$	(14,940,334	)	$	(14,115,055	)
Less: share-based compensation expenses		(1,736,176	)		(2,011,255	)
Non-GAAP general and administrative expenses	$	(13,204,158	)	$	(12,103,800	)

Operating income	$	637,024		$	159,070
Add: share-based compensation expenses		1,752,677			2,106,213
Non-GAAP operating income	$	2,389,701		$	2,265,283

Operating Margin		0.7	%		0.2	%
Add: share-based compensation expenses		2.1	%		2.5	%
Non-GAAP operating margin		2.8	%		2.7	%

Net income	$	320,104		$	183,019
Add: share-based compensation expenses		1,752,677			2,106,213
Non-GAAP net income	$	2,072,781		$	2,289,232

Net income (loss) attributable to CLPS Incorporation’s shareholders	$	83,018		$	(389,913	)
Add: share-based compensation expenses		1,752,677			2,106,213
Non-GAAP net income attributable to CLPS Incorporation’s shareholders	$	1,835,695		$	1,716,300

Weighted average number of share outstanding used in computing GAAP and non-GAAP basic earnings		28,947,672			26,859,936
GAAP basic income (loss) per common share	$	0.003		$	(0.015	)
Add: share-based compensation expenses		0.057			0.075
Non-GAAP basic earnings per common share	$	0.06		$	0.06

Weighted average number of share outstanding used in computing GAAP diluted income (loss)		29,551,271			26,859,936
Weighted average number of share outstanding used in computing non-GAAP diluted earnings		29,551,271			27,343,717

GAAP diluted income (loss) per common share	$	0.003		$	(0.015	)
Add: share-based compensation expenses		0.057			0.075
Non-GAAP diluted earnings per common share	$	0.06		$	0.06