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Bitmax Co., Ltd

Bitmax Co., Ltd

377030.KQ
Bitmax Co., LtdKR flagKOSDAQ
1,419.00
KRW
+2.00
- -
3.29BMarket Cap
Bitmax Co., Ltd
377030.KQ
(KOSDAQ)

Recent

price

1,419.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
505.32
731.2
255.58
538.17
315.9
7,107.7
2,985.63
2,639.35
Revenue per Share
-4,040.91
-3,289.99
-466.33
-2,770.01
-2,367.29
-5,120
-10,556
-11,157.25
Basic EPS, GAAP
-722.58
-946.28
-531.81
-1,713.95
-3,829.43
-3,248.16
-10,224.89
-8,255.54
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-6,470.19
-7,861.13
-2,699.66
-6,391.26
-8,521.51
-13,228.12
-17,505.59
-18,063.44
Book Value per Share
-4,844.79
1,358.04
1,553.29
6,509.9
4,071.45
64.31
-7,614.64
-7,233.82
Tangible Book Value per Share
2
3
9
5
6
5
9
10
Basic Weighted Avg Shares
1,217
1,983
2,367
2,896
1,766
37,172
27,215
25,675
Sales/Revenue/Turnover
-140.78
-126.87
-181.57
-371.94
-935.94
-49.89
-31.56
-24.45
Operating Margin (%)
142
370
595
796
1,170
2,184
1,499
1,172
Depreciation Expense
-9,730
-8,921
-4,319
-14,908
-13,231
-26,776
-96,220
-108,537
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-799.68
-449.95
-182.46
-514.71
-749.38
-72.03
-353.56
-422.73
Profit Margin (%)
5,962
2,900
13,584
33,781
15,539
-43
-69,541
-70,419
Working Capital
72
1,162
863
1,130
1,308
3,438
1,646
1,638
LT Debt
-11,292
4,350
15,533
37,990
25,518
14,259
10,612
-4,845
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
106,522
90,468
80,102
LT Borrowings
1,600
1,600
1,600
LT Finance Leases
55
46
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
11
11
Market Capitalization
518,369
229,615
102,260

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
44,960
24,462
12,308
Cash, Cash Equivalents & STI
33,140
17,964
7,721
Accounts Receivable, Net
1,114
1,606
1,058
Inventories
- -
58
- -
Total Current Liabilities
117,400
94,003
82,727
Payables & Accruals
- -
- -
- -
ST Debt
106,522
90,468
80,102
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
59.83%
-25.58%
Free Cash Flow
- -
147.86%
448.66%
Net Income, GAAP
- -
108.81%
259.35%
Sales/Revenue/Turnover
- -
396.26%
-26.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,833
8,052
8,394
9,892
37,172
2025
7,675
6,217
6,777
6,545
27,215
2026
6,136
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1,071.58
-346.69
-1,028
- -
-5,120
2025
-501.04
-7,061.96
-630.42
- -
-10,556
2026
-1,568.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Bitmax Co., Ltd Bitmax Co., Ltd (377030.KQ) develops and provides augmented reality (AR) and extended reality (XR) software solutions, including cross-platform AR engines and industrial AR platforms for enterprise and consumer applications. The company offers core products such as MAXST AR SDK, a versatile augmented reality software development kit enabling developers to build AR applications across mobile, wearable, PC, and AR glasses devices; MAXST Sensor Fusion SLAM, a simultaneous localization and mapping solution optimized for mobile/wearable devices and robots; MAXWORK 1.5, an industrial AR service tailored for 5G, IoT, and smart factory environments to enhance operational efficiency; and XR metaverse platforms like Widearth and TLONA for immersive virtual-physical experiences. It operates primarily in the software and IT services sector, serving developers, enterprises in manufacturing and logistics, and consumer markets through game content and book platforms, with a focus on South Korea and global expansion in AR/metaverse technologies. Founded in 2010 and headquartered in Seoul, South Korea, the company recently changed its name from MAXST Co., Ltd to Bitmax Co., Ltd in February 2025; pursued multiple asset acquisitions and disposals in July and August 2025, including significant M&A activities reported to regulators; began holding Bitcoin as a treasury reserve starting March 2025 with ongoing accumulations to diversify its balance sheet; and shifted strategic emphasis toward virtual asset management and metaverse platforms alongside its AR core.