NewGenIvf Group Ltd

newgenivf.com

What Do They Do?

Provides IVF treatments, including egg donation, to people seeking fertility care, and refers customers seeking IVF or surrogacy services to independent agents.

How Do They Make Money?

Individual customers generally pay for IVF treatment in advance; entity customers have 30-day credit terms, and the clinic earns its fee when treatment procedures are completed. For referrals, the company earns a fee from an agent once the referral is accepted and the agent receives subsequent income.

revenue

Segment	Share	Revenue	How money arrives
IVF treatment service Sold outright	83% FY2022: 47%		Sold outright
Fertility referral services Sold outright	17%		Sold outright

Who Are Their Customers?

Patients make verbal agreements with NewGenIvf for treatment, while customers seeking IVF or surrogacy referrals are connected to independent agents.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue, but spent more cash than it brought in: free cash flow was −$11.1M.

Operating income, FY2025

−227% of revenue

▲ +824% (Loss) vs FY2024 (−$1.2M, −21%)

Net income, FY2025

209% of revenue

▲ Now profitable vs FY2024 (−$524.6K, −10%)

Free cash flow, FY2025

−234% of revenue

▲ +33% (Loss) vs FY2024 (−$8.3M, −153%)

How Are They Changing?

Growing. Revenue grew 15% in 4 years, from $4.1M in FY2021 to $4.7M in FY2025, about 4% a year.

Revenue over time

IVF treatment service Fertility referral services Surrogacy, ancillary caring and other services

$10M$5M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Financial Snapshot

Last updated: 10/27/2026

Size

Revenue: N/A
Net Income: N/A

Growth FY2025

Revenue Growth
EPS Growth

Profitability

Gross Margin: N/A
Operating Margin: N/A
Net Income Margin: N/A

Cash flow

Free Cash Flow: N/A

Balance sheet Q4 FY2025

Cash
Debt to Equity

Valuation Today

Market Cap: $1.76M
P/E: N/A

Company Facts

Industry: Misc Health & Allied Services, Nec
Founded
Headquarters
Employees

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