Senmiao Technology (VAI) Gross Margin (2017 - 2026)
Senmiao Technology (VAI) posted Gross Margin of 17.09% for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 2.05 percentage points from 19.14% a year earlier but up 21.52 percentage points from the prior quarter.
Senmiao Technology (VAI) Gross Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Senmiao Technology was 18.71%, down 0.88 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 13.60%, down 16.56 percentage points from FY2025.
- Annual Gross Margin shows a five-year change of +4.24 percentage points (FY2021 to FY2026).
- In prior fiscal years, Senmiao Technology's Gross Margin was 30.15% in FY2025 (+8.75 pp), 21.41% in FY2024 (+2.94 pp), 18.47% in FY2023 (+36.25 pp) and -17.78% in FY2022 (-27.14 pp).
- Quarterly Gross Margin has run from a low of -15.24% in fiscal Q2 2022 to a high of 30.76% in fiscal Q4 2023 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last three quarters, with an average year-over-year change of -4.51 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q1 2023, with a gain of 525.96 percentage points; the weakest was fiscal Q2 2022, with a drop of 43.71 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was -4.42% (Q4 2026), 13.79% (Q3 2026) and 29.27% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 86.66% |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Senmiao Technology | 10.88 Mn | -6.51 Mn | 61,692.00 | 17.09% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.09% |
| Mar 31, 2026 | -4.42% |
| Dec 31, 2025 | 13.79% |
| Sep 30, 2025 | 29.27% |
| Jun 30, 2025 | 19.14% |
| Mar 31, 2025 | 27.58% |
| Dec 31, 2024 | 23.46% |
| Sep 30, 2024 | 12.99% |
| Jun 30, 2024 | 28.78% |
| Mar 31, 2024 | 21.79% |
| Dec 31, 2023 | 26.03% |
| Sep 30, 2023 | 15.24% |
| Jun 30, 2023 | 27.78% |
| Mar 31, 2023 | 30.76% |
| Dec 31, 2022 | 10.50% |
| Sep 30, 2022 | 13.78% |
| Jun 30, 2022 | 19.64% |
| Mar 31, 2022 | 3.94% |
| Dec 31, 2021 | 5.72% |
| Sep 30, 2021 | -15.24% |
Senmiao Technology Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();