Varsal Tech, Inc. (VAT)

Varsal Tech will go public soon, but the exact IPO date is still unknown.

IPO Price Range

$5.00 - $6.00

Shares Offered

3,000,000

Deal Size

$16.50M

Varsal Tech Financials Overview

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024
Revenue	19.27	22.93	14.56
Revenue Growth	-	57.54%	-
Gross Profit	9.72	8.3	3.79
Operating Income	7.9	7.05	2.85
Net Income	7.45	7.11	2.9

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024
Cash & Investments	5.25	2.99	2.83
Total Debt	0.16	0.21	0.3
Net Cash (Debt)	5.08	2.78	2.53
Net Cash Growth	-	9.63%	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024
Operating Cash Flow	9.26	7.41	2.9
Capital Expenditures	-0.01	-0.04	-0.06
Free Cash Flow	9.25	7.38	2.85
Free Cash Flow Growth	-	159.31%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024
Gross Margin	50.43%	36.19%	26.06%
Operating Margin	41.01%	30.76%	19.55%
Pretax Margin	41.28%	31.02%	19.91%
Profit Margin	38.68%	31.03%	19.91%
FCF Margin	48.02%	32.18%	19.55%