Valuation for EXDW - findataslice

	Exceed World, Inc. (EXDW)
	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014
Balance Sheet Date			2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31											2021-Mar-31	2020-Dec-31	2020-Sep-30	2020-Jun-30	2020-Mar-31	2019-Dec-31	2019-Sep-30	2019-Jun-30	2019-Mar-31	2018-Dec-31	2018-Sep-30	2018-Jun-30	2018-Mar-31	2017-Dec-31	2017-Sep-30	2017-Jun-30	2017-Mar-31	2016-Dec-31		2016-May-31	2016-Feb-29	2015-Nov-30	2015-Aug-31	2015-May-31
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024											Q2-FY2021	Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018	Q3-FY2018	Q2-FY2018	Q1-FY2018	Q4-FY2017	Q3-FY2017	Q2-FY2017	Q1-FY2017		Q2-FY2016	Q1-FY2016	Q4-FY2015	Q3-FY2015	Q2-FY2015
Close Price of Common Stock
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding				32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000									32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	32,700,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000		20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000
QoQ%				.00%	.00%	.00%	.00%	.00%	.00%	.00%										.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	63.50%	.00%	.00%	.00%	.00%	.00%	.00%			.00%	.00%	.00%	.00%	.00%	.00%
YoY%				.00%	.00%	.00%	.00%													.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	63.50%	63.50%	63.50%	63.50%	.00%	.00%	.00%			.00%	.00%		.00%	.00%	.00%
Price to Sales
Price to Earnings
Price to Book
Total Revenue			1,090,900$	2,213,108$	2,315,935$	3,005,008$	4,838,635$	8,357,749$	6,359,520$	4,827,149$	4,770,281$	6,998,555$	8,122,082$	6,031,803$							4,243,964$	10,911,737$	5,931,963$	3,908,965$	5,345,918$	5,832,608$	6,491,260$	8,101,607$	5,908,517$	7,892,164$	15,083,909$	8,850,448$	5,338,906$	5,605,725$	36,836,415$	10,018$	5,363$	8,486$		5,354$
QoQ%			(50.71%)	(4.44%)	(22.93%)	(37.90%)	(42.11%)	31.42%	31.75%	1.19%	(31.84%)	(13.83%)	34.65%								(61.11%)	83.95%	51.75%	(26.88%)	(8.34%)	(10.15%)	(19.88%)	37.12%	(25.13%)	(47.68%)	70.43%	65.77%	(4.76%)	(84.78%)	367,602.29%	86.80%	(36.80%)
YoY%			(77.45%)	(73.52%)	(63.58%)	(37.75%)	1.43%	19.42%	(21.70%)	(19.97%)											(20.61%)	87.08%	(8.62%)	(51.75%)	(9.52%)	(26.10%)	(56.97%)	(8.46%)	10.67%	40.79%	(59.05%)	88,245.46%	99,450.74%	65,958.51%			.17%
TTM			8,624,951$	12,372,686$	18,517,327$	22,560,912$	24,383,053$	24,314,699$	22,955,505$	24,718,067$	25,922,721$										24,996,629$	26,098,583$	21,019,454$	21,578,751$	25,771,393$	26,333,992$	28,393,548$	36,986,197$	37,735,038$	37,165,427$	34,878,988$	56,631,494$	47,791,064$	42,457,521$	36,860,282$
TTM_QoQ%			(30.29%)	(33.18%)	(17.92%)	(7.47%)	.28%	5.92%	(7.13%)	(4.65%)											(4.22%)	24.16%	(2.59%)	(16.27%)	(2.14%)	(7.25%)	(23.23%)	(1.98%)	1.53%	6.56%	(38.41%)	18.50%	12.56%	15.19%
TTM_YoY%			(64.63%)	(49.11%)	(19.33%)	(8.73%)	(5.94%)														(3.01%)	(.89%)	(25.97%)	(41.66%)	(31.70%)	(29.14%)	(18.59%)	(34.69%)	(21.04%)	(12.46%)	(5.38%)
Gross Margin			18.47%	41.67%	47.55%	61.89%	79.98%	45.04%	52.34%	51.45%	45.44%	50.59%	50.42%	51.93%							41.74%	51.71%	53.61%	50.86%	43.07%	51.65%	30.67%	49.96%	48.37%	43.05%	52.30%	40.81%	54.09%	32.76%	39.72%	35.06%	38.75%	33.33%		33.34%
QoQ			(23.20%)	(5.88%)	(14.34%)	(18.09%)	34.93%	(7.30%)	.89%	6.01%	(5.15%)	.17%	(1.51%)								(9.97%)	(1.91%)	2.76%	7.79%	(8.58%)	20.98%	(19.29%)	1.59%	5.32%	(9.25%)	11.49%	(13.28%)	21.33%	(6.96%)	4.67%	(3.69%)	5.42%
YoY			(61.51%)	(3.38%)	(4.79%)	10.44%	34.53%	(5.55%)	1.92%	(.48%)											(1.33%)	.06%	22.94%	.90%	(5.30%)	8.60%	(21.63%)	9.15%	(5.72%)	10.29%	12.58%	5.75%	15.34%	(.57%)			5.41%
Operating Income
QoQ%
YoY%
TTM
TTM_QoQ%
TTM_YoY%
Operating Margin
QoQ
YoY
Net Income			(2,472,180$)	(1,799,304$)	(1,834,774$)	(774,189$)	1,564,963$	47,602$	(163,242$)	(277,946$)	(389,654$)	(494,752$)	240,200$	92,459$							(554,253$)	2,292,093$	517,682$	(549,715$)	(1,419,998$)	489,753$	(1,660,738$)	1,893,731$	(8,188$)	(356,822$)	3,352,222$	1,451,836$	(532,360$)	(1,896,066$)	4,264,630$	(1,901$)	(17,774$)	(11,701$)		(17,028$)	(4,196$)	(4,196$)	(1,250$)	(1,925$)	(1,375$)
QoQ%			(37.40%)	1.93%	(136.99%)	(149.47%)	3,187.60%	129.16%	41.27%	28.67%	21.24%	(305.98%)	159.79%								(124.18%)	342.76%	194.17%	61.29%	(389.94%)	129.49%	(187.70%)	23,228.13%	97.71%	(110.64%)	130.90%	372.72%	71.92%	(144.46%)	224,436.14%	89.31%	(51.90%)			(305.82%)	.00%	(235.68%)	35.07%	(40.00%)
YoY%			(257.97%)	(3,879.89%)	(1,023.96%)	(178.54%)	501.63%	109.62%	(167.96%)	(400.62%)											60.97%	368.01%	131.17%	(129.03%)	(17,242.43%)	237.25%	(149.54%)	30.44%	98.46%	81.18%	(21.40%)	76,472.23%	(2,895.16%)	(16,104.31%)			(4.38%)	(178.86%)		(784.57%)	(205.16%)
TTM			(6,880,447$)	(2,843,304$)	(996,398$)	675,134$	1,171,377$	(783,240$)	(1,325,594$)	(922,152$)	(551,747$)										1,705,807$	840,062$	(962,278$)	(3,140,698$)	(697,252$)	714,558$	(132,017$)	4,880,943$	4,439,048$	3,914,876$	2,375,632$	3,288,040$	1,834,303$	2,348,889$	4,233,254$					(26,670$)	(11,567$)	(8,746$)
TTM_QoQ%			(141.99%)	(185.36%)	(247.59%)	(42.36%)	249.56%	40.91%	(43.75%)	(67.13%)											103.06%	187.30%	69.36%	(350.44%)	(197.58%)	641.26%	(102.71%)	9.96%	13.39%	64.79%	(27.75%)	79.25%	(21.91%)	(44.51%)						(130.57%)	(32.26%)
TTM_YoY%			(687.38%)	(263.02%)	24.83%	173.21%	312.30%														344.65%	17.56%	(628.91%)	(164.35%)	(115.71%)	(81.75%)	(105.56%)	48.45%	142.00%	66.67%	(43.88%)
Profit Margin			(226.62%)	(81.30%)	(79.22%)	(25.76%)	32.34%	.57%	(2.57%)	(5.76%)	(8.17%)	(7.07%)	2.96%	1.53%							(13.06%)	21.01%	8.73%	(14.06%)	(26.56%)	8.40%	(25.58%)	23.38%	(.14%)	(4.52%)	22.22%	16.40%	(9.97%)	(33.82%)	11.58%	(18.98%)	(331.42%)	(137.89%)		(318.04%)
QoQ			(145.32%)	(2.08%)	(53.46%)	(58.11%)	31.77%	3.14%	3.19%	2.41%	(1.10%)	(10.03%)	1.42%								(34.07%)	12.28%	22.79%	12.50%	(34.96%)	33.98%	(48.96%)	23.51%	4.38%	(26.75%)	5.82%	26.38%	23.85%	(45.40%)	30.55%	312.44%	(193.53%)
YoY			(258.96%)	(81.87%)	(76.66%)	(20.01%)	40.51%	7.64%	(5.52%)	(7.29%)											13.50%	12.61%	34.31%	(37.44%)	(26.42%)	12.92%	(47.81%)	6.97%	9.83%	29.30%	10.65%	35.38%	321.45%	104.06%			(13.38%)
Equity to Common Shareholders			10,978,136$	13,898,107$	15,129,254$	15,920,630$	18,766,433$	14,861,566$	15,934,832$	17,352,462$	16,613,943$	17,575,081$	19,792,028$	19,684,543$	17,766,994$						17,882,847$	19,843,693$	17,123,139$	16,326,036$	16,941,875$	18,180,326$	17,783,381$	19,487,044$	17,100,953$	17,311,119$	16,827,021$	(243,810$)	(216,725$)	(130,404$)	14,655,092$	(58,714$)	(57,371$)	(37,497$)		(22,695$)	(6,101$)	(4,696$)				(2,148$)
QoQ			(2,919,971$)	(1,231,147$)	(791,376$)	(2,845,803$)	3,904,867$	(1,073,266$)	(1,417,630$)	738,519$	(961,138$)	(2,216,947$)	107,485$	1,917,549$							(1,960,846$)	2,720,554$	797,103$	(615,839$)	(1,238,451$)	396,945$	(1,703,663$)	2,386,091$	(210,166$)	484,098$	17,070,831$	(27,085$)	(86,321$)	(14,785,496$)	14,713,806$	(1,343$)	(19,874$)			(16,594$)	(1,405$)
QoQ%			(21.01%)	(8.14%)	(4.97%)	(15.16%)	26.28%	(6.74%)	(8.17%)	4.45%	(5.47%)	(11.20%)	.55%	10.79%							(9.88%)	15.89%	4.88%	(3.64%)	(6.81%)	2.23%	(8.74%)	13.95%	(1.21%)	2.88%	7,001.69%	(12.50%)	(66.20%)	(100.89%)	25,060.13%	(2.34%)	(53.00%)			(271.99%)	(29.92%)
YoY			(7,788,297$)	(963,459$)	(805,578$)	(1,431,832$)	2,152,490$	(2,713,515$)	(3,857,196$)	(2,332,081$)	(1,153,051$)										940,972$	1,663,367$	(660,242$)	(3,161,008$)	(159,078$)	869,207$	956,360$	19,730,854$	17,317,678$	17,441,523$	2,171,929$	(185,096$)	(159,354$)	(92,907$)			(34,676$)	(31,396$)				(2,548$)
YoY%			(41.50%)	(6.48%)	(5.06%)	(8.25%)	12.96%	(15.44%)	(19.49%)	(11.85%)	(6.49%)										5.55%	9.15%	(3.71%)	(16.22%)	(.93%)	5.02%	5.68%	8,092.72%	7,990.62%	13,374.99%	14.82%	(315.25%)	(277.76%)	(247.77%)			(152.79%)	(514.60%)				(118.62%)
Dividends Paid
Additional Paid-In Capital QoQ			0$	0$	0$	0$	0$	0$	0$	0$											0$	0$	(157,676$)	0$	0$	0$	0$	0$	0$	162,076$	86,593$	2,330$	0$	(49,162$)	49,162$	0$	0$			0$	4,696$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets																					166,093$	178,110$	174,911$	176,625$	177,265$	175,416$	176,897$	2,102,152$	2,248,279$	2,472,622$	992,208$	633,656$	671,668$	644,558$	3,406,262$
QoQ																					(12,017$)	3,199$	(1,714$)	(640$)	1,849$	(1,481$)	(1,925,255$)	(146,127$)	(224,343$)	1,480,414$	358,552$	(38,012$)	27,110$	(2,761,704$)
Amortization of Intangible Assets																													242,111$	241,764$	986,345$	11,460$	266,241$	239,721$
Total Assets			17,701,132$	18,948,001$	20,301,509$	21,176,588$	25,001,437$	23,280,235$	22,526,438$	23,305,837$	23,283,769$										24,104,542$	26,238,293$	25,630,416$	22,767,461$	23,019,296$	24,176,158$	25,957,985$	23,825,420$	26,058,222$	22,639,784$	29,239,878$	746,806$	830,004$	750,335$	21,077,090$	814,523$	104,557$	116,744$		139,124$	30,133$
QoQ			(1,246,869$)	(1,353,508$)	(875,079$)	(3,824,849$)	1,721,202$	753,797$	(779,399$)	22,068$											(2,133,751$)	607,877$	2,862,955$	(251,835$)	(1,156,862$)	(1,781,827$)	2,132,565$	(2,232,802$)	3,418,438$	(6,600,094$)	28,493,072$	(83,198$)	79,669$	(20,326,755$)	20,262,567$	709,966$	(12,187$)			108,991$
YoY			(7,300,305$)	(4,332,234$)	(2,224,929$)	(2,129,249$)	1,717,668$														1,085,246$	2,062,135$	(327,569$)	(1,057,959$)	(3,038,926$)	1,536,374$	(3,281,893$)	23,078,614$	25,228,218$	21,889,449$	8,162,788$	(67,717$)	725,447$	633,591$			(34,567$)	86,611$
Total Liabilities			6,722,996$	5,049,894$	5,172,255$	5,255,958$	6,235,004$	8,418,669$	6,591,606$	5,953,375$	6,669,826$										6,221,695$	6,394,600$	8,507,277$	6,441,425$	6,077,421$	5,995,832$	8,174,604$	4,338,376$	8,957,269$	5,328,665$	12,412,857$	990,616$	1,046,729$	880,739$	880,437$	873,237$	161,928$	154,241$		161,819$	36,234$	4,696$		1,800$		2,148$
QoQ			1,673,102$	(122,361$)	(83,703$)	(979,046$)	(2,183,665$)	1,827,063$	638,231$	(716,451$)											(172,905$)	(2,112,677$)	2,065,852$	364,004$	81,589$	(2,178,772$)	3,836,228$	(4,618,893$)	3,628,604$	(7,084,192$)	11,422,241$	(56,113$)	165,990$	302$	7,200$	711,309$	7,687$			125,585$	31,538$
YoY			487,992$	(3,368,775$)	(1,419,351$)	(697,417$)	(434,822$)														144,274$	398,768$	332,673$	2,103,049$	(2,879,848$)	667,167$	(4,238,253$)	3,347,760$	7,910,540$	4,447,926$	11,532,420$	117,379$	884,801$	726,498$			109$	118,007$		160,019$		2,548$
Current Ratio			1.92x	2.43x	2.76x	3.11x	3.33x	2.55x	3.21x	3.73x	3.32x										3.61x	3.84x	2.77x	3.13x	3.43x	3.71x	2.90x	4.81x	2.55x	3.64x	2.13x	.44x	.54x	.62x	2.84x	.91x	.65x	.76x		.86x
Total Current Assets			10,994,734$	11,989,887$	13,715,436$	15,668,797$	19,721,670$	20,544,348$	20,454,640$	21,126,004$	21,085,940$										20,764,694$	22,500,257$	22,048,061$	19,524,027$	20,211,754$	21,303,244$	23,394,045$	20,708,150$	22,772,615$	19,241,644$	25,321,734$	113,150$	158,336$	105,777$	16,674,104$	146,432$	104,557$	116,744$		139,124$	30,133$
QoQ			(995,153$)	(1,725,549$)	(1,953,361$)	(4,052,873$)	(822,678$)	89,708$	(671,364$)	40,064$											(1,735,563$)	452,196$	2,524,034$	(687,727$)	(1,091,490$)	(2,090,801$)	2,685,895$	(2,064,465$)	3,530,971$	(6,080,090$)	25,208,584$	(45,186$)	52,559$	(16,568,327$)	16,527,672$	41,875$	(12,187$)			108,991$
Total Current Liabilities			5,737,690$	4,927,790$	4,973,282$	5,043,572$	5,921,387$	8,071,761$	6,372,376$	5,665,879$	6,347,240$										5,751,860$	5,863,982$	7,964,362$	6,229,891$	5,888,517$	5,747,293$	8,075,640$	4,301,434$	8,914,412$	5,285,307$	11,885,074$	259,486$	293,859$	170,701$	5,881,315$	161,176$	161,928$	154,241$		161,819$		4,696$		1,800$		2,148$
QoQ			809,900$	(45,492$)	(70,290$)	(877,815$)	(2,150,374$)	1,699,385$	706,497$	(681,361$)											(112,122$)	(2,100,380$)	1,734,471$	341,374$	141,224$	(2,328,347$)	3,774,206$	(4,612,978$)	3,629,105$	(6,599,767$)	11,625,588$	(34,373$)	123,158$	(5,710,614$)	5,720,139$	(752$)	7,687$
Debt to Asset Ratio			.38x	.27x	.25x	.25x	.25x	.36x	.29x	.26x	.29x										.26x	.24x	.33x	.28x	.26x	.25x	.31x	.18x	.34x	.24x	.42x	1.33x	1.26x	1.17x	.04x	1.07x	1.55x	1.32x		1.16x	1.20x
Long Term Debt																								232,472$	233,315$	230,995$	232,128$	231,739$	227,475$	228,992$	483,814$	497,018$	517,598$	488,151$	489,019$	489,542$
QoQ																								(843$)	2,320$	(1,133$)	389$	4,264$	(1,517$)	(254,822$)	(13,204$)	(20,580$)	29,447$	(868$)	(523$)
YoY																								733$	5,840$	2,003$	(251,686$)	(265,279$)	(290,123$)	(259,159$)	(5,205$)	7,476$
Capital Lease Obligations
Cash and Cash Equivalents			7,592,778$	9,367,022$	11,904,178$	14,289,019$	18,457,312$	19,534,471$	18,985,974$	17,963,261$	18,165,169$	20,037,228$	25,455,767$	23,879,873$	23,822,217$						19,437,578$	20,540,913$	19,370,086$	16,259,997$	17,117,857$	17,766,257$	20,198,362$	17,423,173$	19,638,735$	16,398,758$	22,737,755$	31,839$	71,412$	13,357$	13,226,698$	58,221$	13,906$	19,348$		30,306$	20,138$
QoQ			(1,774,244$)	(2,537,156$)	(2,384,841$)	(4,168,293$)	(1,077,159$)	548,497$	1,022,713$	(201,908$)	(1,872,059$)	(5,418,539$)	1,575,894$	57,656$							(1,103,335$)	1,170,827$	3,110,089$	(857,860$)	(648,400$)	(2,432,105$)	2,775,189$	(2,215,562$)	3,239,977$	(6,338,997$)	22,705,916$	(39,573$)	58,055$	(13,213,341$)	13,168,477$	44,315$	(5,442$)			10,168$
YoY			(10,864,534$)	(10,167,449$)	(7,081,796$)	(3,674,242$)	292,143$	(502,757$)	(6,469,793$)	(5,916,612$)	(5,657,048$)										2,319,721$	2,774,656$	(828,276$)	(1,163,176$)	(2,520,878$)	1,367,499$	(2,539,393$)	17,391,334$	19,567,323$	16,385,401$	9,511,057$	(26,382$)	57,506$	(5,991$)			(16,400$)	(790$)
Interest Expenses
Interest Income