Balance Sheet Insyde Software Corp.

Equities

6231

TW0006231004

Software

End-of-day quote Taipei Exchange Other stock markets 15/05/2026			5-day change	1st Jan Change
282.50 ^TWD	-2.25%		-14.91%	+32.01%

11/05	Insyde Software Corp. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
05/03	Insyde Software Corp. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: INSYDE SOFTWARE CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	130.04Cr	140.66Cr	134.25Cr	161.46Cr	168.95Cr
Total Revenues	130.04Cr	140.66Cr	134.25Cr	161.46Cr	168.95Cr
Cost of Goods Sold, Total	24Cr	25Cr	28Cr	37Cr	44Cr
Gross Profit	105.64Cr	115.88Cr	106.1Cr	124.64Cr	124.88Cr
Selling General & Admin Expenses, Total	31Cr	31Cr	32Cr	35Cr	36Cr
R&D Expenses	45Cr	51Cr	53Cr	51Cr	49Cr
Other Operating Expenses, Total	76Cr	82Cr	85Cr	86Cr	86Cr
Operating Income	29Cr	33Cr	21Cr	38Cr	39Cr
Interest Expense, Total	-23.01L	-19.43L	-18.56L	-20.2L	-13.77L
Interest And Investment Income	41.54L	96.4L	2.09Cr	2.31Cr	2.48Cr
Net Interest Expenses	18.53L	76.97L	1.9Cr	2.11Cr	2.34Cr
Currency Exchange Gains (Loss)	-11.46L	2.32Cr	-53.85L	1.59Cr	-1.44Cr
Other Non Operating Income (Expenses)	8L	13.38L	6L	46.72L	24.84L
EBT, Excl. Unusual Items	30Cr	37Cr	23Cr	42Cr	40Cr
Gain (Loss) On Sale Of Assets	1L	94T	8T	-63T	-52T
EBT, Incl. Unusual Items	30Cr	37Cr	23Cr	42Cr	40Cr
Income Tax Expense	7.07Cr	8.36Cr	4.43Cr	8.82Cr	10Cr
Earnings From Continuing Operations	23Cr	28Cr	18Cr	34Cr	30Cr
Net Income to Company	23Cr	28Cr	18Cr	34Cr	30Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	23Cr	28Cr	18Cr	34Cr	30Cr
Net Income to Common Incl Extra Items	23Cr	28Cr	18Cr	34Cr	30Cr
Net Income to Common Excl. Extra Items	23Cr	28Cr	18Cr	34Cr	30Cr
Per Share Items
Net EPS - Basic	4.95	6.21	4.05	7.37	6.66
Basic EPS - Continuing Operations	4.95	6.21	4.05	7.37	6.66
Basic Weighted Average Shares Outstanding	4.57Cr	4.57Cr	4.57Cr	4.57Cr	4.57Cr
Net EPS - Diluted	4.88	6.1	4.02	7.32	6.61
Diluted EPS - Continuing Operations	4.88	6.1	4.02	7.32	6.61
Diluted Weighted Average Shares Outstanding	4.63Cr	4.65Cr	4.59Cr	4.6Cr	4.59Cr
Normalized Basic EPS	4.06	5.03	3.14	5.82	5.54
Normalized Diluted EPS	4	4.94	3.12	5.78	5.51
Dividend Per Share	4.33	5.25	2.08	6.5	-
Payout Ratio	58.94	69.73	129.63	28.26	97.66
Supplemental Items
EBITDA	33Cr	36Cr	24Cr	40Cr	41Cr
EBITA	32Cr	34Cr	22Cr	39Cr	40Cr
EBIT	29Cr	33Cr	21Cr	38Cr	39Cr
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	23.84	22.76	19.33	20.77	24.93
Total Current Taxes	7.07Cr	8.36Cr	5.37Cr	8.32Cr	10Cr
Total Deferred Taxes	-	-	-94.21L	49.79L	9L
Normalized Net Income	19Cr	23Cr	14Cr	27Cr	25Cr
Interest on Long-Term Debt	23.01L	19.43L	18.56L	20.2L	13.77L
Non-Cash Pension Expense	55T	1L	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	13Cr	12Cr	12Cr	13Cr	14Cr
General and Administrative Expenses	18Cr	19Cr	20Cr	22Cr	22Cr
Research And Development Expense From Footnotes	45Cr	51Cr	53Cr	51Cr	49Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	92Cr	101.65Cr	88Cr	115.75Cr	107.68Cr
Trading Asset Securities, Total	-	-	-	-	5.01Cr
Total Cash And Short Term Investments	92Cr	101.65Cr	88Cr	115.75Cr	112.69Cr
Accounts Receivable, Total	14Cr	16Cr	18Cr	22Cr	22Cr
Total Receivables	14Cr	16Cr	18Cr	22Cr	22Cr
Prepaid Expenses	4.63Cr	3.87Cr	2.34Cr	1.85Cr	1.98Cr
Other Current Assets, Total	1.49Cr	1.78Cr	6.07Cr	7.37Cr	10Cr
Total Current Assets	112.58Cr	123.6Cr	114.91Cr	146.51Cr	146.55Cr
Gross Property Plant And Equipment	28Cr	30Cr	28Cr	34Cr	37Cr
Accumulated Depreciation	-17Cr	-23Cr	-15Cr	-19Cr	-24Cr
Net Property Plant And Equipment	11Cr	7.22Cr	13Cr	15Cr	13Cr
Other Intangibles, Total	3.28Cr	3.06Cr	4.17Cr	3.72Cr	3.44Cr
Deferred Tax Assets Long-Term	1.25Cr	1.24Cr	2.18Cr	1.71Cr	1.64Cr
Other Long-Term Assets, Total	1.15Cr	1.32Cr	1.32Cr	1.33Cr	1.42Cr
Total Assets	129.34Cr	136.45Cr	135.43Cr	168.75Cr	166.22Cr
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	1.58Cr	1.21Cr	1.41Cr	1.29Cr	1.51Cr
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	4.11Cr	2.77Cr	4.62Cr	4.67Cr	2.85Cr
Unearned Revenue Current, Total	7.56Cr	6.45Cr	6.59Cr	12Cr	11Cr
Other Current Liabilities	24Cr	26Cr	24Cr	29Cr	31Cr
Total Current Liabilities	38Cr	36Cr	36Cr	47Cr	46Cr
Long-Term Leases	3.46Cr	1.24Cr	5.96Cr	2.49Cr	1.4Cr
Unearned Revenue Non Current	16.35L	7L	69.19L	63.21L	27.68L
Pension & Other Post Retirement Benefits	1.58Cr	1.25Cr	20.5L	20.38L	20.25L
Deferred Tax Liability Non Current	1.29Cr	1.29Cr	1.29Cr	1.32Cr	1.33Cr
Total Liabilities	44Cr	40Cr	45Cr	51Cr	50Cr
Common Stock, Total	38Cr	38Cr	38Cr	46Cr	46Cr
Additional Paid In Capital	6.72Cr	6.72Cr	6.72Cr	6.72Cr	6.72Cr
Retained Earnings	43Cr	52Cr	46Cr	63Cr	63Cr
Comprehensive Income and Other	-2.36Cr	4L	4L	2.32Cr	88.95L
Total Common Equity	85Cr	96Cr	91Cr	117.32Cr	116.59Cr
Minority Interest	-	-	-	-	-
Total Equity	85Cr	96Cr	91Cr	117.32Cr	116.59Cr
Total Liabilities And Equity	129.34Cr	136.45Cr	135.43Cr	168.75Cr	166.22Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.57Cr	4.57Cr	4.57Cr	4.57Cr	4.57Cr
ECS Total Common Shares Outstanding	4.57Cr	4.57Cr	4.57Cr	4.57Cr	4.57Cr
Book Value / Share	18.64	21.11	19.91	25.7	25.54
Tangible Book Value	82Cr	93Cr	87Cr	113.6Cr	113.15Cr
Tangible Book Value Per Share	17.93	20.44	19	24.88	24.78
Total Debt	7.57Cr	4.01Cr	11Cr	7.16Cr	4.25Cr
Net Debt	-85Cr	-98Cr	-78Cr	-108.59Cr	-108.44Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.58Cr	1.25Cr	-	-	-
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	1.34Cr	1.34Cr
Buildings, Total	-	-	-	4.79Cr	4.79Cr
Machinery, Total	7.6Cr	8.37Cr	6.96Cr	7.88Cr	9.85Cr
Full Time Employees	560	602	623	689	685
Accumulated Allowance for Doubtful Accounts (Supple)	6L	6L	6L	6L	6L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	23Cr	28Cr	18Cr	34Cr	30Cr
Depreciation & Amortization - CF	5.24Cr	5.93Cr	6.15Cr	6.37Cr	6.48Cr
Amortization of Goodwill and Intangible Assets - (CF)	2.28Cr	84.8L	78.16L	41.95L	41.54L
Depreciation & Amortization, Total	7.52Cr	6.77Cr	6.93Cr	6.79Cr	6.9Cr
Amortization of Deferred Charges, Total - (CF)	7L	34.81L	35.57L	45.79L	40.92L
(Gain) Loss From Sale Of Asset	-1L	-94T	8T	63T	52T
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-92T
Other Operating Activities, Total	-9L	-88.63L	-5.48Cr	-71.52L	-2.43Cr
Change In Accounts Receivable	-4.39Cr	-2.22Cr	-1.99Cr	-3.26Cr	-4L
Change In Accounts Payable	4.22Cr	1.96Cr	-1.14Cr	5.09Cr	1.98Cr
Change in Unearned Revenues	1.85Cr	-1.2Cr	75.77L	5.13Cr	-91L
Change in Other Net Operating Assets	-37.35L	21.98L	-1.66Cr	6L	-18.87L
Cash from Operations	31Cr	33Cr	16Cr	47Cr	36Cr
Capital Expenditure	-2.86Cr	-1.25Cr	-55.72L	-7.34Cr	-2.16Cr
Sale of Property, Plant, and Equipment	2L	98T	15T	-	-
Sale (Purchase) of Intangible assets	-19.19L	-82.66L	-20.07L	-8L	-44.36L
Investment in Marketable and Equity Securities, Total	-	-	-	-	-5Cr
Other Investing Activities, Total	3L	-16.72L	-12.9L	8L	-40.15L
Cash from Investing	-3.01Cr	-2.24Cr	-88.54L	-7.33Cr	-8.01Cr
Long-Term Debt Repaid, Total	-3.93Cr	-4.26Cr	-4.66Cr	-4.89Cr	-4.92Cr
Total Debt Repaid	-3.93Cr	-4.26Cr	-4.66Cr	-4.89Cr	-4.92Cr
Common Dividends Paid	-13Cr	-20Cr	-24Cr	-9.51Cr	-30Cr
Common & Preferred Stock Dividends Paid	-13Cr	-20Cr	-24Cr	-9.51Cr	-30Cr
Other Financing Activities, Total	-23.01L	-19.42L	-18.56L	-20.2L	-13.77L
Cash from Financing	-17Cr	-24Cr	-29Cr	-15Cr	-35Cr
Foreign Exchange Rate Adjustments	-26.35L	2.38Cr	-35T	2.26Cr	-1.43Cr
Net Change in Cash	11Cr	9.27Cr	-13Cr	28Cr	-8.07Cr
Supplemental Items
Cash Interest Paid	23.01L	19.42L	18.56L	20.2L	13.77L
Cash Income Tax Paid (Refund)	7.39Cr	9.43Cr	10Cr	9.73Cr	13Cr
Levered Free Cash Flow	24Cr	24Cr	13Cr	30Cr	28Cr
Unlevered Free Cash Flow	24Cr	24Cr	14Cr	30Cr	28Cr
Change In Net Working Capital	-1.03Cr	1.92Cr	6.44Cr	-6.29Cr	1.65Cr
Net Debt Issued / Repaid	-3.93Cr	-4.26Cr	-4.66Cr	-4.89Cr	-4.92Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	15.09	15.75	9.88	15.74	14.68
Return on Total Capital	20.87	21.69	13.31	21.2	20.04
Return On Equity %	28.07	31.26	19.75	32.33	25.98
Return on Common Equity	28.07	31.26	19.75	32.33	25.98
Margin Analysis
Gross Profit Margin %	81.24	82.39	79.03	77.2	73.92
SG&A Margin	23.84	21.98	23.77	21.61	21.34
EBITDA Margin %	25.35	25.61	17.75	24.92	24.49
EBITA Margin %	24.43	24.42	16.59	23.99	23.52
EBIT Margin %	22.68	23.81	16.01	23.73	23.28
Income From Continuing Operations Margin %	17.37	20.17	13.77	20.84	17.98
Net Income Margin %	17.37	20.17	13.77	20.84	17.98
Net Avail. For Common Margin %	17.37	20.17	13.77	20.84	17.98
Normalized Net Income Margin	14.25	16.32	10.67	16.44	14.97
Levered Free Cash Flow Margin	18.34	17.02	9.99	18.54	16.3
Unlevered Free Cash Flow Margin	18.45	17.11	10.07	18.62	16.36
Asset Turnover
Asset Turnover	1.06	1.06	0.99	1.06	1.01
Fixed Assets Turnover	12.34	15.38	13.37	11.4	11.79
Receivables Turnover (Average Receivables)	10.95	9.26	7.76	8.11	7.83
Short Term Liquidity
Current Ratio	2.98	3.41	3.16	3.13	3.16
Quick Ratio	2.82	3.26	2.93	2.93	2.89
Operating Cash Flow to Current Liabilities	0.83	0.92	0.45	1.01	0.78
Days Sales Outstanding (Average Receivables)	33.35	39.41	47.01	45.15	46.59
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	8.89	4.16	11.64	6.1	3.65
Total Debt / Total Capital	8.17	4	10.43	5.75	3.52
LT Debt/Equity	4.07	1.29	6.56	2.12	1.2
Long-Term Debt / Total Capital	3.73	1.24	5.87	2	1.16
Total Liabilities / Total Assets	34.19	29.37	32.89	30.48	29.86
EBIT / Interest Expense	128.17	172.4	115.78	189.67	285.61
EBITDA / Interest Expense	160.85	207.26	153.12	223.3	335.69
(EBITDA - Capex) / Interest Expense	148.41	200.81	150.12	186.97	319.99
Total Debt / EBITDA	0.2	0.1	0.37	0.16	0.09
Net Debt / EBITDA	-2.29	-2.42	-2.73	-2.41	-2.35
Total Debt / (EBITDA - Capex)	0.22	0.1	0.38	0.19	0.1
Net Debt / (EBITDA - Capex)	-2.48	-2.5	-2.79	-2.88	-2.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.03	8.16	-4.56	20.27	4.64
Gross Profit, 1 Yr. Growth %	14.57	9.7	-8.45	17.48	0.19
EBITDA, 1 Yr. Growth %	29.56	9.29	-33.88	68.92	2.83
EBITA, 1 Yr. Growth %	29.21	8.11	-35.16	73.92	2.61
EBIT, 1 Yr. Growth %	43.72	13.58	-35.85	78.3	2.65
Earnings From Cont. Operations, 1 Yr. Growth %	46.59	25.59	-34.83	82.03	-9.71
Net Income, 1 Yr. Growth %	46.59	25.59	-34.83	82.03	-9.71
Normalized Net Income, 1 Yr. Growth %	48.83	23.86	-37.59	85.37	-4.71
Diluted EPS Before Extra, 1 Yr. Growth %	45.52	25.13	-34.02	81.64	-9.7
Accounts Receivable, 1 Yr. Growth %	45.37	15.75	12.23	17.81	0.2
Net Property, Plant and Equip., 1 Yr. Growth %	10.8	-34.78	78.02	20.35	-14.86
Total Assets, 1 Yr. Growth %	12.43	5.5	-0.75	24.6	-1.5
Tangible Book Value, 1 Yr. Growth %	16.2	14.02	-7.06	30.99	-0.39
Common Equity, 1 Yr. Growth %	12.2	13.23	-5.69	29.08	-0.62
Cash From Operations, 1 Yr. Growth %	34.18	6.34	-51.4	190.44	-23.55
Capital Expenditures, 1 Yr. Growth %	171.27	-56.17	-55.58	1.22T	-70.54
Levered Free Cash Flow, 1 Yr. Growth %	25.75	0.37	-43.99	123.29	-7.99
Unlevered Free Cash Flow, 1 Yr. Growth %	25.33	0.28	-43.79	122.31	-8.09
Dividend Per Share, 1 Yr. Growth %	48.57	21.15	-60.32	212	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.42	11.54	1.6	7.14	12.18
Gross Profit, 2 Yr. CAGR %	14.14	12.11	0.22	3.71	8.49
EBITDA, 2 Yr. CAGR %	45.06	18.99	-14.99	5.69	31.79
EBITA, 2 Yr. CAGR %	44.41	18.19	-16.27	6.2	33.59
EBIT, 2 Yr. CAGR %	60.96	27.76	-14.64	6.95	35.28
Earnings From Cont. Operations, 2 Yr. CAGR %	59.91	35.68	-9.53	8.92	28.2
Net Income, 2 Yr. CAGR %	59.91	35.68	-9.53	8.92	28.2
Normalized Net Income, 2 Yr. CAGR %	59.11	35.77	-12.08	7.56	32.9
Diluted EPS Before Extra, 2 Yr. CAGR %	59.83	34.94	-9.14	9.54	28.07
Accounts Receivable, 2 Yr. CAGR %	38.02	29.72	13.98	14.98	8.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.32	-14.99	7.75	46.38	1.23
Total Assets, 2 Yr. CAGR %	8.7	8.91	2.33	11.21	10.79
Tangible Book Value, 2 Yr. CAGR %	16.74	15.1	2.94	10.34	14.22
Common Equity, 2 Yr. CAGR %	10.69	12.71	3.34	10.33	13.26
Cash From Operations, 2 Yr. CAGR %	22.44	19.45	-28.02	18.8	49.01
Capital Expenditures, 2 Yr. CAGR %	34.82	9.04	-55.88	141.87	96.96
Levered Free Cash Flow, 2 Yr. CAGR %	17.02	12.35	-25.02	11.83	43.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.97	12.1	-24.92	11.78	42.94
Dividend Per Share, 2 Yr. CAGR %	61.24	34.16	-30.66	11.27	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.26	13.6	5.89	7.48	6.3
Gross Profit, 3 Yr. CAGR %	14.28	12.64	4.79	5.67	2.52
EBITDA, 3 Yr. CAGR %	41.32	31.99	-2.17	6.87	4.73
EBITA, 3 Yr. CAGR %	40.62	31.13	-3.24	6.83	4.99
EBIT, 3 Yr. CAGR %	56.67	43.3	1.55	9.11	5.5
Earnings From Cont. Operations, 3 Yr. CAGR %	50.46	47.54	6.26	14.21	2.31
Net Income, 3 Yr. CAGR %	50.46	47.54	6.26	14.21	2.31
Normalized Net Income, 3 Yr. CAGR %	52.54	46.36	4.78	12.74	3.3
Diluted EPS Before Extra, 3 Yr. CAGR %	50.39	47.31	6.31	14.51	2.71
Accounts Receivable, 3 Yr. CAGR %	15.74	30.16	23.6	15.24	9.83
Net Property, Plant and Equip., 3 Yr. CAGR %	147.64	-16.38	8.76	11.8	22.19
Total Assets, 3 Yr. CAGR %	11.26	7.62	5.59	9.27	6.8
Tangible Book Value, 3 Yr. CAGR %	15.19	15.83	7.18	11.55	6.64
Common Equity, 3 Yr. CAGR %	8.34	11.53	6.21	11.29	6.55
Cash From Operations, 3 Yr. CAGR %	30.08	16.82	-11.41	14.6	2.57
Capital Expenditures, 3 Yr. CAGR %	86.38	-7.3	-19.17	36.87	19.89
Levered Free Cash Flow, 3 Yr. CAGR %	24.56	11.18	-10.92	7.87	4.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.81	11.12	-10.94	7.81	4.72
Dividend Per Share, 3 Yr. CAGR %	51.35	46.59	-10.61	14.47	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.56	12.32	9.59	10.97	8.37
Gross Profit, 5 Yr. CAGR %	12.2	12.28	8.43	8.98	6.25
EBITDA, 5 Yr. CAGR %	141.17	30.44	15.32	20.76	10.22
EBITA, 5 Yr. CAGR %	112.22	29.79	14.28	20.52	10.08
EBIT, 5 Yr. CAGR %	46.02	42.93	22.88	27.47	13.89
Earnings From Cont. Operations, 5 Yr. CAGR %	43.12	50.09	22.76	30.67	14.54
Net Income, 5 Yr. CAGR %	43.22	50.07	22.76	30.67	14.54
Normalized Net Income, 5 Yr. CAGR %	53.33	48.5	22.37	29.4	15.24
Diluted EPS Before Extra, 5 Yr. CAGR %	42.66	49.51	22.94	30.85	14.56
Accounts Receivable, 5 Yr. CAGR %	11.27	19.73	15.03	23.86	17.39
Net Property, Plant and Equip., 5 Yr. CAGR %	92.76	67.73	77.53	4.61	5.68
Total Assets, 5 Yr. CAGR %	8.14	9.94	7.6	9.04	7.64
Tangible Book Value, 5 Yr. CAGR %	14.26	14.64	10.13	13.6	9.95
Common Equity, 5 Yr. CAGR %	6.55	8.75	6.31	11.05	8.98
Cash From Operations, 5 Yr. CAGR %	38.81	34.62	2.67	17.67	9.07
Capital Expenditures, 5 Yr. CAGR %	54.12	28.64	4.74	36.04	15.42
Levered Free Cash Flow, 5 Yr. CAGR %	50.26	29.66	1.67	11.44	7.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	50.62	29.72	1.85	11.38	7.61
Dividend Per Share, 5 Yr. CAGR %	76.92	49.28	10.76	31.28	-