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Valor Energy (VAI) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Aug 14, 2026 · Valor Energy (VAI) Q1 FY27 earnings results →
Q1 FY27 Revenue down 16% year over year to $361K · operating margin -174.8%
Valor Energy made $361K in Q1 FY27 (-16% Y/Y): Operating lease revenues from automobile rentals $313K, Service fees from NEVs leasing $21K, Financing revenues $12K. Operating margin -174.8%, net loss $32.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $361K in Q1 FY27, down 16% year over year and up 11% from the previous quarter. Operating lease revenues from automobile rentals was the largest line at 87% of revenue. Operating lease revenues from automobile rentals lost $73K year over year (down 19%), 109% of the total change.
Gross margin was 17.1%, down 2.0 points from Q1 FY26. Operating costs exceeded revenue by $631K, an operating margin of -174.8%. Operating expenses grew 38% against a revenue fall of 16%. The quarter ended with a net loss of $32.8M, wider than the previous quarter's $1.4M loss. Minority interests bore $27K of it: to shareholders the quarter was a loss of $32.8M. Net interest and other expense of $32.2M was the main reason.
Operating cash flow was −$882K. Non-cash charges added back $177K of depreciation and amortization. Working capital and other items added $31.7M. Capital expenditures of $62K exceeded it, leaving free cash flow of −$944K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Aug 14, 2026 | $361K | -16% | -174.8% | −$32.8M | −$882K |
| Q4 FY26 | 10-K | Jun 30, 2026 | $326K | -22% | -224.0% | −$1.4M | −$343K |
| Q3 FY26 | 10-Q | Feb 13, 2026 | $359K | -20% | -305.7% | −$3.0M | −$866K |
| Q2 FY26 | 10-Q | Nov 19, 2025 | $936K | +26% | -81.0% | −$724K | −$71K |
| Q1 FY26 | 10-Q | Aug 19, 2025 | $860K | -2% | -71.1% | −$276K | −$321K |
| Q4 FY25 | 10-K | Jul 10, 2025 | $1.9M | +128% | -141.3% | −$1.9M | −$48K |
| Q3 FY25 | 10-Q | Feb 14, 2025 | $451K | -59% | -91.0% | −$583K | $356K |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Valor Energy
Senmiao is not a Chinese operating company but a U.S. holding company incorporated in the State of Nevada on June 8, 2017. As a holding company with no material operations of its own, Senmiao conducts a substantial majority of its operations through its Operating Entities established in the PRC, including its subsidiary and the equity investee company. Since November 2018, we have been providing automobile transaction and related services focusing on the online ride-hailing industry in the People’s Republic of China (“PRC” or “China”) through our majority owned subsidiary, Hunan Ruixi, and its equity investee company, Jinkailong.
In its own words, from its 10-K, filed Jun 30, 2026.
Valor Energy against its Services-Auto Rental & Leasing (No Drivers) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -16% against the peers' median +3%. Operating margin: -174.8% against the peers' median 3.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| VAI Valor Energy | Q1 FY27 | $361K | -16% | -174.8% |
| CAR Avis Budget Group | Q3 2026 | $3.4B | -2% | 9.0% |
| R Ryder System | Q3 2026 | $3.4B | +8% | 6.6% |
| HTZ Hertz Global Holdings | Q3 2026 | $2.6B | +6% | 3.3% |
| Hertz | Q2 2026 | $2.4B | +10% | 3.0% |
| UHAL U-Haul Holding | Q2 FY27 | $1.8B | +3% | 15.0% |
| ZCAR Zoomcar Holdings | Q1 FY27 | $2.4M | +2% | -37.4% |
Source: Valor Energy 10-Q on SEC EDGAR · CIK 1711012 · Services-Auto Rental & Leasing (No Drivers)
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History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results