What is ALSET INC's earnings per share (EPS)?

ALSET INC (AEI) reported diluted earnings per share of $-0.43 for fiscal year 2025. This represents a 93.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

ALSET INC Financials

AEI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows ALSET INC (AEI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 52/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

ALSET INC has an operating margin of -19.5%, meaning the company retains $-20 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -13.0% the prior year.

Growth

ALSET INC's revenue declined 4.4% year-over-year, from $22.1M to $21.1M. This contraction results in a growth score of 26/100.

Leverage

100

ALSET INC carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 10.91, ALSET INC holds $10.91 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

ALSET INC converts 23.9% of revenue into free cash flow ($5.1M). This strong cash generation earns a score of 85/100.

Returns

ALSET INC generates a -4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -66.8% the prior year.

Piotroski F-Score Strong

7/9

ALSET INC passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.30x

For every $1 of reported earnings, ALSET INC generates $-1.30 in operating cash flow ($5.2M OCF vs -$4.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-36.7x

ALSET INC earns $-36.7 in operating income for every $1 of interest expense (-$4.1M vs $112K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$21.1M

YoY-4.4%

5Y CAGR-2.7%

ALSET INC generated $21.1M in revenue in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

EBITDA

-$3.1M

YoY-68.0%

ALSET INC's EBITDA was -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 68.0% from the prior year.

Net Income

-$4.0M

YoY+93.3%

ALSET INC reported -$4.0M in net income in fiscal year 2025. This represents an increase of 93.3% from the prior year.

EPS (Diluted)

$-0.43

YoY+93.4%

ALSET INC earned $-0.43 per diluted share (EPS) in fiscal year 2025. This represents an increase of 93.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$5.1M

YoY-32.2%

5Y CAGR-3.2%

ALSET INC generated $5.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 32.2% from the prior year.

Cash & Debt

$27.2M

YoY+1.2%

5Y CAGR+30.0%

ALSET INC held $27.2M in cash against $123K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

ALSET INC had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

39.5%

YoY+5.4pp

5Y CAGR+21.8pp

ALSET INC's gross margin was 39.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.4 percentage points from the prior year.

Operating Margin

-19.5%

YoY-6.5pp

5Y CAGR+9.1pp

ALSET INC's operating margin was -19.5% in fiscal year 2025, reflecting core business profitability. This is down 6.5 percentage points from the prior year.

Net Margin

-18.8%

YoY+248.1pp

5Y CAGR+14.4pp

ALSET INC's net profit margin was -18.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 248.1 percentage points from the prior year.

Return on Equity

-4.9%

YoY+62.0pp

5Y CAGR+47.9pp

ALSET INC's ROE was -4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 62.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$21.1M

ALSET INC spent $21.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$103K

YoY+253.0%

5Y CAGR+95.1%

ALSET INC invested $103K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 253.0% from the prior year.

AEI Income Statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Revenue	$21.1M-4.4%	$22.1M+393.0%	$4.5M-77.4%	$19.8M+21.9%	$16.2M-33.1%	$24.3M
Cost of Revenue	$12.8M-12.3%	$14.6M+290.6%	$3.7M-67.0%	$11.3M-6.5%	$12.1M-39.5%	$20.0M
Gross Profit	$8.3M+10.9%	$7.5M+903.7%	$748K-91.2%	$8.5M+104.6%	$4.2M-3.2%	$4.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.8M+13.7%	$9.5M+21.6%	$7.8M-66.6%	$23.5M+270.7%	$6.3M+8.1%	$5.9M
Operating Income	-$4.1M-43.3%	-$2.9M+59.5%	-$7.1M+52.7%	-$15.0M-586.3%	-$2.2M+68.5%	-$6.9M
Interest Expense	$112K+2716.7%	$4K+114.7%	$2K-99.4%	$317K+114.9%	$148K-60.4%	$373K
Income Tax	$151K+63.3%	$92K	N/A	$534K+6150.9%	$9K-98.0%	$431K
Net Income	-$4.0M+93.3%	-$58.9M-45.6%	-$40.5M+66.0%	-$119.0M-2233.5%	-$5.1M+36.7%	-$8.1M
EPS (Diluted)	$-0.43+93.4%	$-6.52-4.8%	$-6.22	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$999K-9.1%	$1.1M+2.9%	$1.1M-88.1%	$8.9M+80.3%	$5.0M+340.2%	$1.1M-81.5%	$6.1M+498.1%	$1.0M
Cost of Revenue	$756K-10.3%	$843K+8.4%	$778K-82.1%	$4.3M+47.3%	$2.9M+255.4%	$830K-82.2%	$4.7M+197.2%	$1.6M
Gross Profit	$242K-5.3%	$256K-12.0%	$291K-93.7%	$4.6M+128.6%	$2.0M+576.9%	$297K-79.2%	$1.4M+359.7%	-$550K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.3M-23.9%	$3.0M-17.8%	$3.6M+39.7%	$2.6M+16.2%	$2.2M-20.8%	$2.8M-13.9%	$3.3M+34.9%	$2.4M
Operating Income	-$2.6M+6.4%	-$2.8M+29.9%	-$3.9M-304.5%	$1.9M+299.5%	-$964K+65.7%	-$2.8M-24.0%	-$2.3M+40.6%	-$3.8M
Interest Expense	$34K+7.4%	$32K-37.2%	$51K+578.4%	-$11K-211.9%	$10K-89.9%	$94K+392.0%	$19K	N/A
Income Tax	$5K	N/A	$43K	N/A	N/A	N/A	N/A	N/A
Net Income	$1.5M+118.4%	-$8.2M+1.3%	-$8.3M-458.2%	$2.3M+35.5%	$1.7M+238.5%	-$1.2M+81.7%	-$6.8M+79.7%	-$33.3M
EPS (Diluted)	$0.05+107.0%	$-0.71	$-0.78	N/A	$0.19+246.2%	$-0.13+82.2%	$-0.73	N/A

AEI Balance Sheet

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Total Assets	$96.8M-23.4%	$126.3M-17.7%	$153.5M-16.7%	$184.2M+71.0%	$107.7M+200.3%	$35.9M
Current Assets	$59.8M+7.8%	$55.5M-41.9%	$95.4M-33.1%	$142.7M+67.0%	$85.5M+626.6%	$11.8M
Cash & Equivalents	$27.2M+1.2%	$26.9M+51.0%	$17.8M-70.7%	$60.8M+91.6%	$31.7M+332.9%	$7.3M
Inventory	$5K-11.7%	$6K-84.1%	$35K-25.9%	$47K-47.5%	$90K-22.8%	$117K
Accounts Receivable	$76K-2.4%	$78K+66.6%	$47K+17.4%	$40K-97.1%	$1.4M+701.6%	$170K
Goodwill	N/A	$60K	N/A	N/A	N/A	N/A
Total Liabilities	$6.6M-82.8%	$38.1M+689.8%	$4.8M-65.3%	$13.9M-70.8%	$47.7M+249.8%	$13.6M
Current Liabilities	$5.5M-32.5%	$8.1M+150.1%	$3.2M-76.0%	$13.5M+52.3%	$8.9M+26.4%	$7.0M
Long-Term Debt	$123K-21.5%	$157K	N/A	N/A	$636K	$0
Total Equity	$81.3M-7.8%	$88.2M-35.9%	$137.7M-7.2%	$148.4M+147.4%	$60.0M+293.3%	$15.2M
Retained Earnings	-$251.9M-1.6%	-$247.9M-31.3%	-$188.7M-27.3%	-$148.2M-230.1%	-$44.9M-10.9%	-$40.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$169.1M+96.6%	$86.0M-4.9%	$90.5M-6.5%	$96.8M-2.1%	$98.8M+5.7%	$93.5M-3.4%	$96.7M-23.4%	$126.3M
Current Assets	$44.8M+1.8%	$44.0M-18.6%	$54.1M-9.5%	$59.8M+4.7%	$57.1M+19.0%	$47.9M-0.4%	$48.1M-13.2%	$55.5M
Cash & Equivalents	$25.5M-0.5%	$25.6M+1.5%	$25.2M-7.5%	$27.2M+63.3%	$16.7M-11.9%	$18.9M-20.2%	$23.7M-11.9%	$26.9M
Inventory	$24K+140.1%	$10K+100.3%	$5K-0.4%	$5K+61.1%	$3K-49.5%	$6K-5.9%	$6K+15.3%	$6K
Accounts Receivable	$63K-21.2%	$80K-12.4%	$91K+20.3%	$76K-18.3%	$93K+16.9%	$79K-7.3%	$85K+10.2%	$78K
Goodwill	N/A	N/A	N/A	N/A	N/A	$60K+0.2%	$60K-0.3%	$60K
Total Liabilities	$4.7M-0.6%	$4.7M-16.2%	$5.7M-13.8%	$6.6M+21.8%	$5.4M-6.5%	$5.8M-13.6%	$6.7M-82.5%	$38.1M
Current Liabilities	$4.2M+3.9%	$4.1M-15.5%	$4.8M-12.0%	$5.5M+62.5%	$3.4M-9.5%	$3.7M-19.7%	$4.6M-42.9%	$8.1M
Long-Term Debt	N/A	N/A	$116K-5.4%	$123K-10.7%	$138K+0.1%	$138K-5.5%	$146K-7.1%	$157K
Total Equity	$155.7M+113.8%	$72.8M-4.6%	$76.4M-6.1%	$81.3M-3.4%	$84.2M+6.0%	$79.4M-2.8%	$81.7M-7.4%	$88.2M
Retained Earnings	-$266.9M+0.6%	-$268.4M-3.2%	-$260.2M-3.3%	-$251.9M+0.9%	-$254.2M+0.7%	-$255.9M-0.5%	-$254.7M-2.7%	-$247.9M

AEI Cash Flow Statement

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$5.2M-31.1%	$7.5M+123.5%	-$31.9M-90.9%	-$16.7M-5353.1%	$318K-94.7%	$6.0M
Capital Expenditures	$103K+253.0%	$29K-95.1%	$600K+163.2%	$228K+951.1%	$22K+496.8%	$4K
Free Cash Flow	$5.1M-32.2%	$7.4M+123.0%	-$32.5M-91.9%	-$16.9M-5814.8%	$296K-95.0%	$6.0M
Investing Cash Flow	$17.5M+920.5%	-$2.1M+85.9%	-$15.1M+73.0%	-$56.0M-3246.6%	$1.8M+1463.5%	-$131K
Financing Cash Flow	-$21.4M-772.0%	$3.2M-47.4%	$6.1M-94.1%	$103.4M+389.0%	$21.1M+630.4%	-$4.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$21.1M	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$883K+133.7%	-$2.6M+30.3%	-$3.8M-127.0%	$13.9M+587.3%	-$2.9M+35.0%	-$4.4M-190.7%	-$1.5M-94.3%	-$777K
Capital Expenditures	$61K-27.0%	$84K+36.5%	$61K+74.2%	$35K+9.5%	$32K-3.9%	$33K+1512.8%	$2K-52.9%	$4K
Free Cash Flow	$822K+130.4%	-$2.7M+29.2%	-$3.8M-127.5%	$13.9M+580.6%	-$2.9M+34.7%	-$4.4M-192.6%	-$1.5M-93.4%	-$781K
Investing Cash Flow	-$1.1M-149.7%	$2.1M+563.1%	-$462K+62.8%	-$1.2M-36.4%	-$909K-104.3%	$21.4M+1315.5%	-$1.8M-27.4%	-$1.4M
Financing Cash Flow	-$328K-4456.5%	-$7K-100.3%	$2.3M+4913.9%	-$48K-154.6%	-$19K+99.9%	-$21.1M-8689.7%	-$240K-8.6%	-$221K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0	N/A	N/A	N/A

AEI Financial Ratios

Metric	FY25	FY23	FY22	FY21	FY20	FY19
Gross Margin	39.5%+5.4pp	34.0%+17.3pp	16.7%-26.2pp	42.9%+17.4pp	25.6%+7.9pp	17.7%
Operating Margin	-19.5%-6.5pp	-13.0%+145.2pp	-158.2%-82.5pp	-75.7%-62.3pp	-13.5%+15.2pp	-28.6%
Net Margin	-18.8%+248.1pp	-266.9%+636.9pp	-903.7%-302.6pp	-601.1%-569.7pp	-31.4%+1.8pp	-33.2%
Return on Equity	-4.9%+62.0pp	-66.8%-37.4pp	-29.4%+50.8pp	-80.2%-71.7pp	-8.5%+44.3pp	-52.8%
Return on Assets	-4.1%+42.6pp	-46.7%-20.3pp	-26.4%+38.2pp	-64.6%-59.9pp	-4.7%+17.7pp	-22.4%
Current Ratio	10.91+4.1	6.83-22.6	29.41+18.9	10.54+0.9	9.61+7.9	1.67
Debt-to-Equity	0.000.0	0.00-0.0	0.04-0.1	0.09+0.1	0.01+0.0	0.00
FCF Margin	23.9%-9.8pp	33.7%+758.1pp	-724.4%-639.0pp	-85.4%-87.2pp	1.8%-22.7pp	24.6%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	24.3%+1.0pp	23.3%-3.9pp	27.2%-24.2pp	51.4%+10.9pp	40.5%+14.2pp	26.4%+2.9pp	23.5%+77.5pp	-54.0%
Operating Margin	-258.2%-7.5pp	-250.7%+117.3pp	-368.1%-389.6pp	21.5%+40.9pp	-19.4%+229.8pp	-249.3%-212.0pp	-37.2%+337.7pp	-375.0%
Net Margin	151.4%+899.5pp	-748.1%+32.0pp	-780.1%-806.1pp	26.0%-8.6pp	34.6%+144.5pp	-109.9%+1.3pp	-111.2%+3158.4pp	-3269.6%
Return on Equity	1.0%+12.3pp	-11.3%-0.4pp	-10.9%-13.8pp	2.9%+0.8pp	2.0%+3.6pp	-1.6%+6.7pp	-8.3%+29.4pp	-37.7%
Return on Assets	0.9%+10.5pp	-9.6%-0.4pp	-9.2%-11.6pp	2.4%+0.7pp	1.7%+3.1pp	-1.3%+5.7pp	-7.0%+19.3pp	-26.3%
Current Ratio	10.59-0.2	10.81-0.4	11.22+0.3	10.91-6.0	16.94+4.1	12.88+2.5	10.38+3.5	6.83
Debt-to-Equity	0.03-0.0	0.07+0.1	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	82.3%+328.2pp	-245.9%+111.4pp	-357.3%-512.5pp	155.1%+213.3pp	-58.2%+334.1pp	-392.3%-367.5pp	-24.8%+52.0pp	-76.8%

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Frequently Asked Questions

What is ALSET INC's annual revenue?

ALSET INC (AEI) reported $21.1M in total revenue for fiscal year 2025. This represents a -4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ALSET INC's revenue growing?

ALSET INC (AEI) revenue declined by 4.4% year-over-year, from $22.1M to $21.1M in fiscal year 2025.

Is ALSET INC profitable?

No, ALSET INC (AEI) reported a net income of -$4.0M in fiscal year 2025, with a net profit margin of -18.8%.

What is ALSET INC's EBITDA?

ALSET INC (AEI) had EBITDA of -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ALSET INC have?

As of fiscal year 2025, ALSET INC (AEI) had $27.2M in cash and equivalents against $123K in long-term debt.

What is ALSET INC's gross margin?

ALSET INC (AEI) had a gross margin of 39.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is ALSET INC's operating margin?

ALSET INC (AEI) had an operating margin of -19.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is ALSET INC's net profit margin?

ALSET INC (AEI) had a net profit margin of -18.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ALSET INC's return on equity (ROE)?

ALSET INC (AEI) has a return on equity of -4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ALSET INC's free cash flow?

ALSET INC (AEI) generated $5.1M in free cash flow during fiscal year 2025. This represents a -32.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ALSET INC's operating cash flow?

ALSET INC (AEI) generated $5.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ALSET INC's total assets?

ALSET INC (AEI) had $96.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are ALSET INC's capital expenditures?

ALSET INC (AEI) invested $103K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does ALSET INC buy back shares?

Yes, ALSET INC (AEI) spent $21.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does ALSET INC have outstanding?

ALSET INC (AEI) had 9M shares outstanding as of fiscal year 2025.

What is ALSET INC's current ratio?

ALSET INC (AEI) had a current ratio of 10.91 as of fiscal year 2025, which is generally considered healthy.

What is ALSET INC's debt-to-equity ratio?

ALSET INC (AEI) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ALSET INC's return on assets (ROA)?

ALSET INC (AEI) had a return on assets of -4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ALSET INC's Piotroski F-Score?

ALSET INC (AEI) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ALSET INC's earnings high quality?

ALSET INC (AEI) has an earnings quality ratio of -1.30x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can ALSET INC cover its interest payments?

ALSET INC (AEI) has an interest coverage ratio of -36.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is ALSET INC?

ALSET INC (AEI) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.