Selvas AI셀바스AI

Selvas AI is loss-making on net income despite a small operating profit, and its shares have fallen sharply over the past year.

Selvas AI, a KOSDAQ-listed Korean voice and language AI company, reported trailing twelve-month revenue of ₩120B and a small operating profit of ₩3.2B through H1 2026, but a net loss of ₩3.0B. Its share price is ₩7,770, down 42.1% over one year, with a market capitalisation of about ₩209B. The data does not include analyst forecasts or a fair value estimate.

What stands out

• Revenue rose to ₩114.8B in 2025 and ₩120.3B on a trailing basis, after a sharp jump in 2024 (up 112.1%), but the data does not explain the drivers of that jump.
• Operating margin is thin at 2.7% on a trailing basis, down from 9.8% in 2022 and 11.5% in 2021.
• Net income has been negative in 2023, 2024, 2025 and the trailing period, with a ₩6.0B loss in 2025, while 2022 showed a profit of ₩6.6B.
• The balance sheet shows cash of ₩43.4B against borrowings of ₩17.1B, and liabilities at 19.8% of equity; trailing free cash flow was ₩1.5B.
• Foreign ownership is low at 1.9%, down from 2.1% sixty days earlier, and the data shows retail investors net sellers over the last 20 days while foreign investors were net buyers.

What to watch

• The next quarterly or half-year results, given the gap between small operating profit and a net loss.
• The amended half-year report filed on 30 September 2026, and any further filing corrections.
• Whether the company pays a dividend; the data shows a 0% dividend yield and does not state a dividend policy.