HWH International Inc. (HWH) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HWH SEC filings page.
HWH International Inc. (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).
The business remains loss-making at a small revenue base, while lower liabilities and better short-term coverage offset persistent cash consumption.
Revenue fell 31.0% from FY2024, yet gross margin reached 53.0%, so the margin improvement did not depend on selling more. With SG&A at$3.5M against gross profit of$460K , the improved margin could not absorb the company’s overhead structure.
Debt-to-equity fell from 1.3x in FY2024 to 0.7x in FY2025, showing a less leveraged capital structure even as the company remained unprofitable. Total liabilities also declined, while current ratio improved from 1.7x to 2.3x, giving short-term coverage more room.
A net loss of
Financial Health Signals
HWH International Inc. 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 Inc. 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 Inc. 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 Inc. generated $64K in revenue in Q2 2026. This represents a decrease of 79.3% from the same quarter a year earlier. It is unchanged from the prior quarter.
HWH International Inc. reported $212K in net income in Q2 2026. This represents an increase of 154.2% from the same quarter a year earlier. Against the prior quarter it is up 133.8%.
HWH International Inc. earned $0.03 per diluted share (EPS) in Q2 2026. This represents an increase of 200.0% from the same quarter a year earlier. Against the prior quarter it is up 137.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
HWH International Inc. generated $478K in free cash flow in Q2 2026, representing cash available after capex. Against the prior quarter it is up 347.3%.
HWH International Inc. held $1.5M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
HWH International Inc.'s gross margin was 31.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 17.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 41.9 percentage points.
HWH International Inc.'s ROE was 7.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 38.9 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
HWH International Inc. invested $2 in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is down 99.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HWH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64K-79.3% | $64K-78.3% | $55K-81.0% | $207K-40.2% | $310K-7.3% | $295K+3.2% | $287K+38.1% | $346K+52.3% |
| Cost of Revenue | $44K-83.5% | $17K-88.5% | -$90K-151.9% | $83K-55.2% | $266K+56.7% | $148K+20.2% | $173K+78.6% | $186K+114.8% |
| Gross Profit | $20K-53.8% | $47K-68.0% | $144K+27.0% | $124K-22.7% | $44K-73.3% | $148K-9.6% | $114K+2.6% | $160K+13.8% |
| SG&A Expenses | $249K-35.1% | $672K+1.2% | $2.2M+303.8% | $325K-33.3% | $384K-41.4% | $664K-41.2% | $535K-47.6% | $487K-14.5% |
| Interest Expense | $2K-92.1% | $9K-81.8% | -$60K-454.5% | $32K+74.1% | $30K+57.9% | $50K+176.5% | $17K | $18K |
| Income Tax | N/A | N/A | N/A | $5K | N/A | $43K | N/A | N/A |
| Net Income | $212K+154.2% | -$626K-10.8% | -$1.9M-289.7% | -$291K+46.9% | $83K+121.5% | -$565K+57.7% | -$477K+53.7% | -$548K-247.8% |
| EPS (Basic) | $0.03+200.0% | -$0.08+11.1% | N/A | N/A | $0.01 | -$0.09 | N/A | N/A |
| EPS (Diluted) | $0.03+200.0% | -$0.08+11.1% | N/A | N/A | $0.01 | -$0.09 | N/A | N/A |
| Diluted Shares (Avg) | 8M+16.4% | 7M+16.5% | N/A | N/A | 6M | 6M | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.
HWH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5M-57.5% | $4.2M-35.5% | $4.6M-28.7% | $5.2M+77.5% | $10.6M+245.6% | $6.5M+155.3% | $6.4M-73.0% | $2.9M-86.8% |
| Current Assets | $3.0M-67.6% | $2.4M-58.5% | $3.0M-45.7% | $3.9M+120.4% | $9.2M+364.3% | $5.9M+281.5% | $5.5M+309.2% | $1.8M+59.0% |
| Cash & Equivalents | $1.5M-59.6% | $1.5M-65.0% | $2.1M-52.0% | $2.9M+248.2% | $3.7M+354.1% | $4.2M+328.5% | $4.3M+274.5% | $832K+2.5% |
| Short-Term Investments | $114K | $100K-1.5% | $84K+536.4% | $0-100.0% | $0-100.0% | $101K-28.6% | $13K | $4K |
| Inventory | $2K-76.2% | $1K-58.0% | $1K-32.8% | $1K-41.2% | $6K+336.2% | $3K-28.2% | $2K-20.4% | $2K |
| Accounts Receivable | $4K-82.3% | $3K-91.2% | $3K-81.1% | $8K-77.8% | $23K-10.8% | $35K+20.4% | $18K-38.7% | $35K+45.0% |
| Long-Term Investments | $16K+902.9% | $16K+11380.9% | $2K+993.6% | $2K-89.5% | $2K-88.5% | $141 | $140 | $15K |
| Goodwill | N/A | N/A | $117K | $122K | $77K | N/A | $0 | N/A |
| Total Liabilities | $1.8M-75.9% | $2.2M-25.2% | $1.9M-46.5% | $2.3M-28.8% | $7.4M+10.4% | $2.9M-48.4% | $3.6M-86.7% | $3.3M-86.3% |
| Current Liabilities | $1.6M-77.1% | $1.5M-42.4% | $1.3M-61.4% | $2.3M+17.2% | $7.1M+31.8% | $2.7M-40.5% | $3.3M-45.0% | $1.9M+163.4% |
| Non-Current Liabilities | $76K-43.7% | $601K+242.7% | $604K+174.3% | $24K-98.1% | $135K-88.2% | $175K-83.4% | $220K+20.8% | $1.2M-94.7% |
| Total Equity | $2.7M-15.3% | $2.0M-44.0% | $2.6M-5.3% | $2.8M+857.3% | $3.2M+189.4% | $3.6M+214.7% | $2.8M+176.6% | -$375K+81.7% |
| Retained Earnings | -$9.4M-39.5% | -$9.6M-39.1% | -$8.9M-41.6% | -$7.0M-39.0% | -$6.7M-49.5% | -$6.9M-67.8% | -$6.3M-77.1% | -$5.0M-145.5% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $478K+1676.4% | -$193K+65.3% | -$1.0M-146.1% | -$200K+27.3% | $27K+105.5% | -$555K+13.0% | -$415K-11.7% | -$275K+42.0% |
| Depreciation & Amortization | $2K-39.4% | $2K-36.3% | -$3K-228.1% | $16K+5.9% | $3K-78.4% | $3K-77.6% | $3K-81.9% | $15K+2.7% |
| Capital Expenditures | -$2 | $766 | $87-70.1% | $18K+765.7% | N/A | N/A | $291-75.3% | $2K-60.9% |
| Free Cash Flow | $478K | -$193K | -$1.0M-146.0% | -$218K+21.4% | N/A | N/A | -$415K-11.4% | -$277K+42.2% |
| Investing Cash Flow | -$101K+77.1% | -$305K-1.8% | -$173K-50951.9% | -$274K-165.7% | -$442K | -$300K-19.0% | $341+100.1% | -$103K-198.9% |
| Financing Cash Flow | -$341K-340.1% | -$148K-122.6% | -$269K-107.1% | $624K+85.5% | -$77K | $656K-12.5% | $3.8M+835.5% | $337K+234.2% |
| 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: Stock-Based Compensation, Dividends Paid.
HWH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.7%+17.5pp | 73.7%+23.7pp | 264.8% | 59.8%+13.5pp | 14.2%-35.1pp | 50.0%-7.1pp | 39.6%-13.7pp | 46.3%-15.6pp |
| Net Margin | 330.2% | -975.4% | -3405.2% | -140.7% | 26.9% | -191.4% | -166.1% | -158.7% |
| Return on Equity | 7.8%+5.2pp | -31.1%-15.4pp | -70.9%-53.7pp | -10.3% | 2.6% | -15.7% | -17.2% | N/A |
| Return on Assets | 4.7%+3.9pp | -14.9%-6.2pp | -40.7%-33.2pp | -5.6%+13.2pp | 0.8%+13.4pp | -8.6%+43.6pp | -7.4%-3.1pp | -18.8%-18.1pp |
| Current Ratio | 1.82+0.5x | 1.60-0.6x | 2.32+0.7x | 1.71+0.8x | 1.28+0.9x | 2.22+1.9x | 1.65+1.4x | 0.91-0.6x |
| Debt-to-Equity | 0.65-1.6x | 1.09+0.3x | 0.74-0.6x | 0.83 | 2.29 | 0.82 | 1.32 | N/A |
| Asset Turnover | 0.010.0x | 0.020.0x | 0.010.0x | 0.04-0.1x | 0.03-0.1x | 0.05-0.1x | 0.040.0x | 0.12+0.1x |
| 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HWH International Inc. HWH | FY2025 | $867K | -$2.6M | N/A | $20.7M | — |
| Mixed Martial Arts Group Limited MMA | FY2025 | $1.4M | -$26.0M | N/A | $13.0M | 16/100 |
| Golden Heaven Group Holdings Ltd. GDHG | FY2025 | $15.3M | -$8.6M | -56.2% | $63.1M | 40/100 |
| AiRWA Inc. YYAI | FY2026 | $25.8M | -$17.6M | -68.0% | $3.2M | 61/100 |
| American Outdoor Brands, Inc. AOUT | FY2026 | $190.5M | -$9.2M | -4.8% | $227.9M | 42/100 |
| Jakks Pacific Inc JAKK | FY2025 | $113.3M | N/A | N/A | $326.5M | 46/100 |
Where HWH International Inc. Ranks
Frequently Asked Questions
What is HWH International Inc.'s annual revenue?
HWH International Inc. (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 Inc.'s revenue growing?
HWH International Inc. (HWH) revenue declined by 30.8% year-over-year, from $1.3M to $867K in fiscal year 2025.
Is HWH International Inc. profitable?
No, HWH International Inc. (HWH) reported a net income of -$2.6M in fiscal year 2025.
What is HWH International Inc.'s gross margin?
HWH International Inc. (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 Inc.'s return on equity (ROE)?
HWH International Inc. (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 Inc.'s free cash flow?
HWH International Inc. (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 Inc.'s operating cash flow?
HWH International Inc. (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 Inc.'s total assets?
HWH International Inc. (HWH) had $4.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are HWH International Inc.'s capital expenditures?
HWH International Inc. (HWH) invested $19K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is HWH International Inc.'s current ratio?
HWH International Inc. (HWH) had a current ratio of 2.32 as of fiscal year 2025, which is generally considered healthy.
What is HWH International Inc.'s debt-to-equity ratio?
HWH International Inc. (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 Inc.'s return on assets (ROA)?
HWH International Inc. (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 Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, HWH International Inc. (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 Inc.'s Piotroski F-Score?
HWH International Inc. (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 Inc.'s earnings high quality?
HWH International Inc. (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.