Baiya International Group

BIYA

Staffing & Employment Services · Industrials

Price

$4.17

+2.24 (+116.06%)

Market Cap

$11.3M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 28, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+264.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 520K (2021) → 1.9M (2025)

Baiya International Group Inc. is a small staffing and employment services company based in China. It connects workers with businesses that need temporary or contract labor, primarily serving employers in industries like manufacturing, logistics, and services. The company operates in the Chinese labor market, which is one of the largest in the world.

Baiya makes money by placing workers with client companies and earning a fee or margin on the labor costs. It is a very small company with a market cap near zero, and its financials show significant losses — the operating margin is deeply negative at around -58%, meaning it spends far more than it earns. The staffing industry in China is competitive and fragmented, with few strong barriers to entry, which makes it hard for small players like Baiya to build a lasting advantage. The biggest risk the company faces is simply surviving long enough to reach profitability, as its current cost structure is not sustainable.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+53.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$227,062/ year

→ Flat (-5% vs prior year)

1.4% of revenue

Below sector average (4%)

Steady R&D investment year-over-year

Insider Activity

77.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$688,941 cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Baiya International Group grew revenue 53% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

12.7%

Thin — 12.7% gross margin

Operating Margin

-52.6%

Losing money on operations — -52.6%

ROCE

-21.0%

Weak — -21.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+28.6%

Fast-growing sales (28.6% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-45.2%

Burning cash (-45.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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