QDM International Inc. Reports 156.5% Revenue Growth to $21.5 Million for Fiscal Year Ending March 31, 2026

QDM International Inc. reported significant financial growth for the fiscal year ending March 31, 2026, with total revenue reaching $21.5 million, a substantial increase of 156.5% from $8.4 million in the previous year. The surge in revenue was primarily driven by a 179.2% increase in insurance brokerage services, which accounted for approximately $19.9 million, attributed to expanded collaborations with existing insurance partners, the addition of new partners, and an increase in both the number of policies sold and commission rates. Additionally, revenue from referral business rose by 25.5% to $1.57 million, reflecting new cooperative agreements with insurance brokerage agents.

The company's cost of sales also saw a dramatic rise, increasing by 836.5% to $10 million, largely due to higher referral fees paid to agents. This increase in costs resulted in a gross profit of $11.5 million, with a gross profit margin decrease of approximately 33.7% compared to the previous year. Operating expenses rose by 67.2% to $2.36 million, driven by increased employee salaries, hiring, and other operational costs. Consequently, QDM's net income for the year was $7.53 million, a 56.2% increase from $4.82 million in the prior year.

Operationally, QDM's subsidiary, YeeTah, expanded its customer base significantly, servicing 880 customers for life and medical insurance in 2026, compared to 263 in 2025. The company also reported a notable increase in the number of insurance products offered, with YeeTah providing approximately 629 products from 24 insurance companies in Hong Kong. The company’s workforce included 23 technical representatives, with plans to further expand its distribution network and enhance its service offerings.

Strategically, QDM has made several organizational changes, including the incorporation of new subsidiaries in the British Virgin Islands and Hong Kong, aimed at enhancing its operational capabilities. The company also completed a public offering in March 2023, generating gross proceeds of approximately $2.34 million. However, the company faces ongoing challenges, including regulatory scrutiny and potential impacts from geopolitical tensions between the U.S. and China, which could affect its operations and market performance.

Looking ahead, QDM International Inc. aims to continue leveraging its competitive strengths in the growing life insurance sector in Hong Kong while navigating the evolving regulatory landscape. The company plans to enhance its relationships with insurance partners and expand its distribution network, particularly targeting high-net-worth clients and strategic partners in mainland China. Despite the positive financial outlook, the company acknowledges the risks associated with its operational structure and the potential for regulatory changes that could impact its business model and financial performance.