QDM International Inc
qdmi.netWhat Do They Do?
Sells life, medical and general insurance products to individuals, and provides retirement-scheme assistance to employees in Hong Kong.
10-K for FY2026, filed Jun 29, 2026QDM is a holding company incorporated in Florida with no material operations of its own, and we conduct our insurance brokerage business…View ↗
YeeTah sells a wide range of insurance products consisting of two major categories: (i) life and medical insurance, such as individual life…View ↗
YeeTah sells insurance products underwritten by insurance companies operating in Hong Kong to individual customers who are either Hong Kong…View ↗
We market and sell two broad categories of insurance products: (i) life and medical insurance products, and (ii) general insurance…View ↗
How Do They Make Money?
Insurance companies pay commissions, typically based on the insured customer’s premium, after the policy’s 21-day cooling-off period. Referral partners pay commissions based on the value of investment products purchased by referred clients, after the trust company confirms the purchase and receives the funds.
10-K for FY2026, filed Jun 29, 2026YeeTah sells insurance products underwritten by insurance companies operating in Hong Kong to individual customers who are either Hong Kong…View ↗
Since December 2023, we have expanded our business model by entering into collaborative relationships with trust companies and other…View ↗
Under ASC 606, revenue is recognized when the customer obtains control of a good or service. A customer obtains control of a good or…View ↗
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10-K for FY2026, filed Jun 29, 2026
FY2026 revenue by product or service ↗
$21.5M
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10-K for FY2026, filed Jun 29, 2026
$21.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Insurance brokerage services
Sold outright
10-K for FY2026, filed Jun 29, 2026 |
93% |
Insurance brokerage services, FY2026
$19.9M Sources
|
Sold outright |
|
Referral business
Sold outright
|
7.3% |
Referral business, FY2026
$1.6M Sources
|
Sold outright |
Who Are Their Customers?
Individuals buy insurance through YeeTah’s licensed sales representatives; business partners refer clients to YeeTah. Insurance companies are the customers for brokerage services, while trust companies pay commissions for referred investment-product purchases.
10-K for FY2026, filed Jun 29, 2026YeeTah sells insurance products underwritten by insurance companies operating in Hong Kong to individual customers who are either Hong Kong…View ↗
As an independent insurance broker, YeeTah offers not only a broad range of insurance products underwritten by multiple insurance companies…View ↗
YeeTah focuses on offering long-term life insurance products including endowment life and annuity life insurance and distributes general…View ↗
We rely on our technical representatives to market and sell insurance products in Hong Kong. As of March 31, 2026, our team included 23…View ↗
The Company enters into insurance brokerage contracts with customers (insurance companies). Performance obligation for these insurance…View ↗
The Company generates revenue primarily through insurance brokerage services and referral business in Hong Kong. The Company sells…View ↗
10-K for FY2026, filed Jun 29, 2026
During the year ended March 31, 2026, the three largest customers accounted for 31.3%, 26.1% and 11.6% of the Company’s total revenue…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 35 cents of every revenue dollar as net income in FY2026.
10-K for FY2026, filed Jun 29, 2026
How Are They Changing?
Growing. Revenue grew 311.4x in 4 years, from $69K in FY2022 to $21.5M in FY2026, about 320% a year.
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