AIOS Tech Inc.

What they do

The filing describes AIOS Tech as the former Nisun International, operating through offshore subsidiaries YD Network Technology (Hong Kong) and Everbright Solutions (BVI). Prior operations ran through a set of former PRC subsidiaries and variable interest entities engaged in supply chain management and trading in China. Those entities are now referred to as "former" subsidiaries and VIEs, and fiscal 2025 revenue collapsed to $5.1 million from $340.2 million in 2024, indicating the legacy business was deconsolidated or discontinued.

Revenue drivers

• Legacy supply chain and trading operations — Historically the business ran through former PRC subsidiaries including NiSun (Shandong), NiSun Ocean, Zhumadian NiSun, NiSun Beijing, NingChen, Fanningke, Henan Trading and Fanshengke, generating the revenue reported in 2021-2024.
• Post-disposition residual activity — The 2025 figure of $5.1 million appears to reflect only whatever remained after the former VIEs and PRC subsidiaries were no longer part of the group; no new operating segment is described in the excerpts.

Recent performance

Revenue fell from $386.7 million in 2023 to $340.2 million in 2024 and then to $5.1 million in 2025, a near-total loss of top line. Net income swung from $5.8 million in 2024 to a net loss of $220.9 million in 2025, and diluted EPS went from $1.43 to negative $47.65. Operating cash flow was negative $75.7 million in 2024 and negative $26.9 million in 2025, so the business consumed cash in both years. At 2025-12-31 the company reported total assets of $5.1 million, total liabilities of about $411,000, shareholder equity of $4.7 million and cash of $1.4 million, with 4,985,096 Class A common shares outstanding and no Class B shares.

Strategy

The excerpts do not describe a stated go-forward strategy, new product lines, or planned investments. What is clear from the filing structure is that the company has separated itself from the former VIE structure and the PRC operating subsidiaries, leaving a very small balance sheet. Management's direction is not articulated in the provided material beyond the reorganization references.

Risks

• Collapsed operating scale — Revenue fell 98.5% from $340.2 million in 2024 to $5.1 million in 2025, leaving little or no visible operating business.
• Severe 2025 loss — The company reported a $220.9 million net loss and negative $47.65 diluted EPS in 2025, far exceeding its remaining $4.7 million of equity.
• Persistent cash burn — Operating cash flow was negative $75.7 million in 2024 and negative $26.9 million in 2025, against only $1.4 million of cash at year-end 2025.
• Structural uncertainty after VIE and PRC exit — The filing reclassifies its China subsidiaries and VIEs as "former," raising questions about what assets or operations remain in the listed entity.

Outlook

The provided excerpts contain no forward guidance or management outlook statement. With $1.4 million of cash, $4.7 million of equity and no described operating segment, the near-term outlook is not addressed in the source material. Any future direction would depend on disclosures not included in these excerpts.