HWH International Financials
HWH International (HWH) reported $390K in revenue over the twelve months to Jun 30, 2026, down 68.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
HWH’s dominant mechanic is a small-revenue operation where overhead and recurring cash needs outweigh gross-margin recovery.
FY2025 revenue contracted30.9% while gross margin improved, pointing to a margin benefit that could not offset lost volume. Rising SG&A left net margin at-303.4% versus-219.4% in FY2024, so the business consumed more of each revenue dollar despite the gross-margin rebound.
Liabilities fell from
In FY2025, operating cash flow was
Financial Health Signals
HWH International does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
HWH International passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
HWH International reported a net loss of $2.6M while operations used $1.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
HWH International generated $867K in revenue in fiscal year 2025. This represents a decrease of 30.8% from the prior year.
HWH International reported -$2.6M in net income in fiscal year 2025. This represents an increase of 4.3% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
HWH International recorded an outflow of $1.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 4.3% from the prior year.
HWH International held $2.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
HWH International's gross margin was 53.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.0 percentage points from the prior year.
HWH International's ROE was -100.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Not reported for fiscal year 2025.
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
HWH International invested $19K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 36.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
HWH 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 | $64K0.0% | $64K+17.7% | $55K-73.6% | $207K-33.4% | $310K+5.1% | $295K+2.8% | $287K-16.9% | $346K |
| Cost of Revenue | $44K+159.2% | $17K+118.8% | -$90K-208.1% | $83K-68.8% | $266K+80.4% | $148K-14.8% | $173K-6.7% | $186K |
| Gross Profit | $20K-56.9% | $47K-67.3% | $144K+16.9% | $124K+180.4% | $44K-70.1% | $148K+29.7% | $114K-28.8% | $160K |
| SG&A Expenses | $249K-62.9% | $672K-68.9% | $2.2M+564.3% | $325K-15.3% | $384K-42.2% | $664K+24.3% | $535K+9.7% | $487K |
| Interest Expense | $2K-74.4% | $9K+115.3% | -$60K-285.3% | $32K+8.8% | $30K-41.1% | $50K+198.4% | $17K-9.0% | $18K |
| Income Tax | N/A | N/A | N/A | $5K | N/A | $43K | N/A | N/A |
| Net Income | $212K+133.8% | -$626K+66.3% | -$1.9M-538.4% | -$291K-449.0% | $83K+114.8% | -$565K-18.5% | -$477K+13.1% | -$548K |
| EPS (Diluted) | $0.03+137.5% | -$0.08 | N/A | N/A | $0.01+111.1% | -$0.09 | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income.
HWH 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 | $4.5M+7.1% | $4.2M-7.8% | $4.6M-11.9% | $5.2M-51.1% | $10.6M+62.3% | $6.5M+1.9% | $6.4M+119.5% | $2.9M |
| Current Assets | $3.0M+21.2% | $2.4M-17.6% | $3.0M-23.0% | $3.9M-58.0% | $9.2M+55.4% | $5.9M+7.9% | $5.5M+212.8% | $1.8M |
| Cash & Equivalents | $1.5M+3.2% | $1.5M-30.0% | $2.1M-28.0% | $2.9M-22.3% | $3.7M-10.7% | $4.2M-3.8% | $4.3M+421.6% | $832K |
| Inventory | $2K+39.5% | $1K+2.6% | $1K-5.0% | $1K-82.5% | $6K+146.4% | $3K+64.2% | $2K-16.9% | $2K |
| Accounts Receivable | $4K+30.8% | $3K-6.9% | $3K-57.2% | $8K-66.1% | $23K-34.6% | $35K+100.1% | $18K-50.0% | $35K |
| Goodwill | N/A | N/A | $117K-4.8% | $122K+58.1% | $77K | N/A | $0 | N/A |
| Total Liabilities | $1.8M-19.2% | $2.2M+12.7% | $1.9M-16.9% | $2.3M-68.2% | $7.4M+151.1% | $2.9M-19.4% | $3.6M+10.6% | $3.3M |
| Current Liabilities | $1.6M+6.8% | $1.5M+19.7% | $1.3M-43.2% | $2.3M-68.5% | $7.1M+168.6% | $2.7M-19.7% | $3.3M+72.3% | $1.9M |
| Total Equity | $2.7M+35.9% | $2.0M-23.1% | $2.6M-7.8% | $2.8M-12.0% | $3.2M-10.2% | $3.6M+30.0% | $2.8M+837.6% | -$375K |
| Retained Earnings | -$9.4M+2.2% | -$9.6M-7.0% | -$8.9M-27.8% | -$7.0M-4.3% | -$6.7M+2.5% | -$6.9M-8.9% | -$6.3M-25.4% | -$5.0M |
Not reported in any period shown, so not listed: Long-Term Debt.
HWH 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 | $478K+348.3% | -$193K+81.2% | -$1.0M-411.2% | -$200K-842.9% | $27K+104.8% | -$555K-33.8% | -$415K-51.0% | -$275K |
| Capital Expenditures | -$2-99.7% | $766+780.5% | $87-99.5% | $18K | N/A | N/A | $291-86.0% | $2K |
| Free Cash Flow | $478K+347.3% | -$193K+81.1% | -$1.0M-369.0% | -$218K | N/A | N/A | -$415K-49.9% | -$277K |
| Investing Cash Flow | -$101K+66.9% | -$305K-76.1% | -$173K+36.7% | -$274K+38.0% | -$442K-47.2% | -$300K-88076.5% | $341+100.3% | -$103K |
| Financing Cash Flow | -$341K-129.4% | -$148K+44.7% | -$269K-143.0% | $624K+907.1% | -$77K-111.8% | $656K-82.8% | $3.8M+1031.0% | $337K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $1 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
HWH 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 | 31.7%-41.9pp | 73.7% | 264.8% | 59.8%+45.6pp | 14.2%-35.8pp | 50.0%+10.4pp | 39.6%-6.6pp | 46.3% |
| Net Margin | 330.2% | -975.4% | -3405.2% | -140.7% | 26.9% | -191.4% | -166.1% | -158.7% |
| Return on Equity | 7.8%+38.9pp | -31.1%+39.8pp | -70.9%-60.7pp | -10.3%-12.8pp | 2.6%+18.3pp | -15.7%+1.5pp | -17.2% | N/A |
| Return on Assets | 4.7%+19.6pp | -14.9%+25.8pp | -40.7%-35.1pp | -5.6%-6.4pp | 0.8%+9.4pp | -8.6%-1.2pp | -7.4%+11.3pp | -18.8% |
| Current Ratio | 1.82+0.2x | 1.60-0.7x | 2.32+0.6x | 1.71+0.4x | 1.28-0.9x | 2.22+0.6x | 1.65+0.7x | 0.91 |
| Debt-to-Equity | 0.65-0.4x | 1.09+0.3x | 0.74-0.1x | 0.83-1.5x | 2.29+1.5x | 0.82-0.5x | 1.32 | N/A |
| FCF Margin | 744.6% | -301.1% | -1873.3% | -105.4% | N/A | N/A | -144.7% | -80.2% |
Not reported in any period shown, so not listed: Operating Margin.
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: Gross Margin, Net Margin, FCF Margin.
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Where HWH International Ranks
Frequently Asked Questions
What is HWH International's annual revenue?
HWH International (HWH) reported $867K in total revenue for fiscal year 2025. This represents a -30.8% 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 HWH International's revenue growing?
HWH International (HWH) revenue declined by 30.8% year-over-year, from $1.3M to $867K in fiscal year 2025.
Is HWH International profitable?
No, HWH International (HWH) reported a net income of -$2.6M in fiscal year 2025.
What is HWH International's gross margin?
HWH International (HWH) had a gross margin of 53.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is HWH International's return on equity (ROE)?
HWH International (HWH) has a return on equity of -100.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HWH International's free cash flow?
HWH International (HWH) recorded an outflow of $1.8M in free cash flow during fiscal year 2025. This represents a 4.3% 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 HWH International's operating cash flow?
HWH International (HWH) recorded an outflow of $1.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are HWH International's total assets?
HWH International (HWH) had $4.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are HWH International's capital expenditures?
HWH International (HWH) invested $19K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is HWH International's current ratio?
HWH International (HWH) had a current ratio of 2.32 as of fiscal year 2025, which is generally considered healthy.
What is HWH International's debt-to-equity ratio?
HWH International (HWH) had a debt-to-equity ratio of 0.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HWH International's return on assets (ROA)?
HWH International (HWH) had a return on assets of -57.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does HWH International's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, HWH International (HWH) held $2.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.8M over that year. Dividing the one by the other, the reported balance equals about 15 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 HWH International's Piotroski F-Score?
HWH International (HWH) has a Piotroski F-Score of 3 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 HWH International's earnings high quality?
HWH International (HWH) reported a net loss of $2.6M while operations used $1.8M 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.