ALSET INC Financials
ALSET INC (AEI) reported $4.3M in revenue over the twelve months to Jun 30, 2026, down 73.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Alset’s balance sheet is lightly leveraged, but asset productivity collapsed in FY2025 as a small revenue base carried a large overhead load.
FY2023 and FY2024 generated positive operating cash flow despite net losses, but FY2025 reversed to operating cash flow of-$5.9M as revenue fell to$4.5M and SG&A stayed at$15.0M . That shift matters because it suggests earlier losses were less cash-intensive, while the latest downturn reflects a core cost structure that no longer fit the reduced sales base.
With cash of
Capital spending was just
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ALSET INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for ALSET INC, and counted as zero in the overall score.
Not available for ALSET INC, and counted as zero in the overall score.
ALSET INC scores 2.06, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($59.1M) relative to total liabilities ($6.9M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ALSET INC passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
ALSET INC reported a net loss of $47.4M while operations used $5.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
ALSET INC reported an operating loss of $15.2M against $55K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
ALSET INC generated $4.5M in revenue in fiscal year 2025. This represents a decrease of 78.8% from the prior year.
ALSET INC's EBITDA was -$14.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 362.7% from the prior year.
ALSET INC reported -$47.4M in net income in fiscal year 2025. This represents a decrease of 1095.6% from the prior year.
Cash & Balance Sheet
ALSET INC recorded an outflow of $6.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 220.8% from the prior year.
ALSET INC held $25.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
ALSET INC's gross margin was 27.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 11.5 percentage points from the prior year.
ALSET INC's ROE was -39.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 34.3 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
ALSET INC invested $175K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 70.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
AEI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $989K+0.8% | $981K-24.8% | $1.3M+30.6% | $999K-9.1% | $1.1M+2.9% | $1.1M-88.1% | $8.9M+80.3% | $5.0M |
| Cost of Revenue | $905K+28.2% | $706K+5.9% | $666K-11.9% | $756K-26.0% | $1.0M+31.4% | $778K-82.1% | $4.3M+47.3% | $2.9M |
| Gross Profit | $84K-69.5% | $275K-56.9% | $639K+163.4% | $242K+214.8% | $77K-73.5% | $291K-93.7% | $4.6M+128.6% | $2.0M |
| SG&A Expenses | $1.9M-36.4% | $2.9M-54.2% | $6.4M+183.9% | $2.3M-18.9% | $2.8M-22.8% | $3.6M+39.7% | $2.6M+16.2% | $2.2M |
| Operating Income | -$1.8M+32.4% | -$2.7M+54.9% | -$5.9M-128.2% | -$2.6M+6.4% | -$2.8M+29.9% | -$3.9M-304.5% | $1.9M+299.5% | -$964K |
| Interest Expense | $3K-66.9% | $10K+116.1% | -$63K-283.1% | $34K+7.4% | $32K-37.2% | $51K+578.4% | -$11K-211.9% | $10K |
| Income Tax | $24K | N/A | N/A | $5K | N/A | $43K | N/A | N/A |
| Net Income | -$5.3M-16.6% | -$4.5M+86.0% | -$32.4M-2240.4% | $1.5M+118.4% | -$8.2M+1.3% | -$8.3M-458.2% | $2.3M+35.5% | $1.7M |
| EPS (Diluted) | -$0.14-16.7% | -$0.12 | -$1.41-2920.0% | $0.05 | -$0.71 | -$0.78-412.0% | $0.25+31.6% | $0.19 |
Not reported in any period shown, so not listed: R&D Expenses.
AEI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $124.9M-5.2% | $131.7M-3.5% | $136.6M-19.2% | $169.1M+96.6% | $86.0M-4.9% | $90.5M-6.5% | $96.8M-2.1% | $98.8M |
| Current Assets | $30.2M-14.5% | $35.3M-21.2% | $44.8M0.0% | $44.8M+1.8% | $44.0M-18.6% | $54.1M-9.5% | $59.8M+4.7% | $57.1M |
| Cash & Equivalents | $12.3M-42.6% | $21.5M-14.7% | $25.2M-1.1% | $25.5M-0.5% | $25.6M+1.5% | $25.2M-7.5% | $27.2M+63.3% | $16.7M |
| Inventory | $9K+11.7% | $8K+23.9% | $6K-73.6% | $24K+140.1% | $10K+100.3% | $5K-0.4% | $5K+61.1% | $3K |
| Accounts Receivable | $56K+0.7% | $56K-2.3% | $57K-9.3% | $63K-21.2% | $80K-12.4% | $91K+20.3% | $76K-18.3% | $93K |
| Total Liabilities | $2.8M-29.5% | $4.0M-42.4% | $6.9M+47.0% | $4.7M-0.6% | $4.7M-16.2% | $5.7M-13.8% | $6.6M+21.8% | $5.4M |
| Current Liabilities | $2.5M-22.0% | $3.2M-45.5% | $5.9M+40.3% | $4.2M+3.9% | $4.1M-15.5% | $4.8M-12.0% | $5.5M+62.5% | $3.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $116K-5.4% | $123K-10.7% | $138K |
| Total Equity | $114.5M-4.1% | $119.4M-1.4% | $121.1M-22.2% | $155.7M+113.8% | $72.8M-4.6% | $76.4M-6.1% | $81.3M-3.4% | $84.2M |
| Retained Earnings | -$309.1M-1.7% | -$303.8M-1.5% | -$299.3M-12.1% | -$266.9M+0.6% | -$268.4M-3.2% | -$260.2M-3.3% | -$251.9M+0.9% | -$254.2M |
Not reported in any period shown, so not listed: Goodwill.
AEI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.7M-415.1% | -$1.5M-241.9% | -$436K-149.4% | $883K+133.7% | -$2.6M+30.3% | -$3.8M-127.0% | $13.9M+587.3% | -$2.9M |
| Capital Expenditures | $81K+1078.5% | $7K-77.4% | -$30K-50.2% | $61K-27.0% | $84K+36.5% | $61K+74.2% | $35K+9.5% | $32K |
| Free Cash Flow | -$7.8M-418.2% | -$1.5M-221.1% | -$466K-156.7% | $822K+130.4% | -$2.7M+29.2% | -$3.8M-127.5% | $13.9M+580.6% | -$2.9M |
| Investing Cash Flow | -$1.0M+60.6% | -$2.7M-262.4% | $1.6M+254.2% | -$1.1M-149.7% | $2.1M+563.1% | -$462K+62.8% | -$1.2M-36.4% | -$909K |
| Financing Cash Flow | -$502K-8064.3% | -$6K+99.3% | -$898K-173.3% | -$328K-4456.5% | -$7K-100.3% | $2.3M+4913.9% | -$48K-154.6% | -$19K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
AEI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.5%-19.6pp | 28.1%-20.9pp | 48.9%+24.7pp | 24.3%+17.3pp | 7.0%-20.2pp | 27.2%-24.2pp | 51.4%+10.9pp | 40.5% |
| Operating Margin | -181.4% | -270.4% | -451.0% | -258.2% | -250.7% | -368.1% | 21.5%+40.9pp | -19.4% |
| Net Margin | -533.4% | -461.1% | -2481.1% | 151.4% | -748.1% | -780.1% | 26.0%-8.6pp | 34.6% |
| Return on Equity | -4.6%-0.8pp | -3.8%+22.9pp | -26.7%-27.7pp | 1.0%+12.3pp | -11.3%-0.4pp | -10.9%-13.8pp | 2.9%+0.8pp | 2.0% |
| Return on Assets | -4.2%-0.8pp | -3.4%+20.3pp | -23.7%-24.6pp | 0.9%+10.5pp | -9.6%-0.4pp | -9.2%-11.6pp | 2.4%+0.7pp | 1.7% |
| Current Ratio | 11.97+1.1x | 10.92+3.4x | 7.55-3.0x | 10.59-0.2x | 10.81-0.4x | 11.22+0.3x | 10.91-6.0x | 16.94 |
| Debt-to-Equity | 0.020.0x | 0.030.0x | 0.060.0x | 0.030.0x | 0.07+0.1x | 0.000.0x | 0.000.0x | 0.00 |
| FCF Margin | -785.1% | -152.7% | -35.8%-118.1pp | 82.3% | -245.9% | -357.3% | 155.1% | -58.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where ALSET INC Ranks
Frequently Asked Questions
What is ALSET INC's annual revenue?
ALSET INC (AEI) reported $4.5M in total revenue for fiscal year 2025. This represents a -78.8% 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 78.8% year-over-year, from $21.1M to $4.5M in fiscal year 2025.
Is ALSET INC profitable?
No, ALSET INC (AEI) reported a net income of -$47.4M in fiscal year 2025.
What is ALSET INC's EBITDA?
ALSET INC (AEI) had EBITDA of -$14.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is ALSET INC's gross margin?
ALSET INC (AEI) had a gross margin of 27.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ALSET INC's return on equity (ROE)?
ALSET INC (AEI) has a return on equity of -39.2% 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) recorded an outflow of $6.1M in free cash flow during fiscal year 2025. This represents a -220.8% 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) recorded an outflow of $5.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ALSET INC's total assets?
ALSET INC (AEI) had $136.6M 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 $175K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is ALSET INC's current ratio?
ALSET INC (AEI) had a current ratio of 7.55 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 0.06 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 -34.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does ALSET INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, ALSET INC (AEI) held $25.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.9M over that year. Dividing the one by the other, the reported balance equals about 51 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is ALSET INC's Altman Z-Score?
ALSET INC (AEI) has an Altman Z-Score of 2.06, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ALSET INC's Piotroski F-Score?
ALSET INC (AEI) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $47.4M while operations used $5.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $15.2M against $55K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 28 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.