# Valor Energy Inc. (VAI)

> Source: Nexqual · https://nexqual.com/VAI · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Valor Energy Inc. (VAI), nexqual.com/VAI" · informational, not investment advice.

**Price:** USD 2.16 (-11.48% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 2.44 · day 2.08–2.45 · 52w 0.83–2.91 · market cap $31.4M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.0M, net income -$37.9M (-1910.0% margin) (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y +30.1% vs S&P 500 +13.4%; 5Y -96.8% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.7M | $8.1M | $4.3M | $3.3M | $1.5M | $2.0M |
| Gross profit | -$2.1M | $1.5M | $925K | $572K | $210K | — |
| Operating income | -$11.6M | -$6.1M | -$4.4M | -$2.0M | -$2.9M | -$3.2M |
| Net income | -$537K | -$3.1M | -$3.7M | -$3.7M | -$5.3M | -$37.9M |
| EPS (diluted) | -$1.00 | -$4.30 | -$4.10 | -$3.54 | -$1.97 | — |
| Free cash flow | -$12.4M | -$593K | -$664K | $500K | — | — |
| Gross margin | -17.8% | 18.5% | 21.4% | 17.1% | 13.6% | — |
| Operating margin | -98.5% | -76.0% | -101.3% | -59.5% | -186.8% | -162.3% |
| Net margin | -4.6% | -38.5% | -84.9% | -111.4% | -340.9% | -1910.0% |
| Revenue growth | +90.4% | -31.2% | -46.6% | -22.6% | -53.7% | — |
| Cash + short-term investments | $1.2M | $1.6M | $738K | $701K | $3.6M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 15.9x · Earnings yield -120.42%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +30.1% | -96.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +30.2% | -49.9% |
| Volatility (annualized) | 88.5% | 89.9% |
| Max drawdown | -42.7% (Oct 2025→Jan 2026) | -98.5% (Nov 2021→Jan 2026) |

## Peers (Rental & Leasing Services)
HTZ (Hertz Global Holdings, Inc) USD 2.04 -6.42% · WLFC (Willis Lease Finance Corporatio) USD 38.99 -3.25% · PRG (PROG Holdings, Inc.) USD 30.27 -4.90% · LIME (Neutron Holdings, Inc.) USD 26.19 -2.39% · VSTS (Vestis Corporation) USD 14.75 +1.37% · CTOS (Custom Truck One Source, Inc.) USD 9.06 +2.14%

## More
Full page: https://nexqual.com/VAI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in VAI's own 10-K filed 2026-06-30 (https://www.sec.gov/Archives/edgar/data/1711012/000121390026073684/ea0295105-10k_senmiao.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Hunan Xixingtianxia Technology | "and development plan of the Company, on August 8, 2024, we entered into the XXTX Acquisition Agreement with the Purchaser, and certain" |
| Partner | Didi Chuxing Technology | "our market position, Hunan Ruixi has built up cooperation relationships with Partner Platforms, such as Hunan Didi Chuxing Technology" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Operating Lease Revenues From Automobile Rentals | $313,335 | 86.8% | -18.9% |
| Service Fees From New Energy Vehicles Leasing | $21,291 | 5.9% | — |
| Financing Revenues | $11,813 | 3.3% | -47.1% |
| Other Service Fees | $5,178 | 1.4% | +127.9% |
| Service Fees From Automobile Purchase | $4,670 | 1.3% | +267.7% |
| Default Revenue | $3,439 | 1.0% | -52.9% |
| Monthly Services Commissions | $1,163 | 0.3% | -85.9% |
| Total revenue | $360,889 | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |