DarkIris (DKI) Q4 2025 earnings summary

Executive summary

• Achieved 27.3% year-over-year revenue growth to $10.08 million for fiscal year 2025, driven by new and existing game launches and expanded product portfolio.

• Strengthened user base with increased Monthly Paying Users and higher Average Revenue per Paying User, reflecting improved monetization and engagement.

• Completed initial public offering in August 2025, raising $6.90 million in gross proceeds and listing on Nasdaq under ticker DKI.

Financial highlights

• Revenue rose to $10.08 million in fiscal year 2025 from $7.92 million in 2024, a 27.3% increase.

• Gross profit declined to $2.50 million from $3.01 million year-over-year; gross margin fell to 24.8% from 38.0% due to higher platform handling fees.

• Net loss of $8.64 million in 2025, compared to net income of $1.10 million in 2024; basic and diluted loss per share of $0.52 versus prior year EPS of $0.07.

• Operating expenses surged to $11.10 million, up 499.3% year-over-year, mainly due to $8.81 million in share-based compensation.

• Cash balance increased to $1.80 million as of September 30, 2025, from $0.31 million a year earlier.

Outlook and guidance

• Plans to continue investing in creative game development, user engagement, and diversified marketing and distribution channels.

• Management expects sustainable growth and long-term operating leverage from a diversified product matrix and growing high-value user base.