[6-K] AGM Group Holdings Inc. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Dolby Laboratories (DLB) Q3 FY25 (quarter ended 27-Jun-25) delivered solid top-line and earnings growth.

• Revenue rose 9.3 % YoY to $315.5 m, driven by licensing (+8.5 % to $289.9 m) and products & services (+18.0 % to $25.6 m).
• Gross profit climbed 7.3 % to $271.5 m; gross margin slipped 170 bp to 86.0 % as product mix shifted toward lower-margin hardware.
• Operating income grew 29.5 % to $47.6 m; operating margin expanded 240 bp to 15.1 % helped by a $0.5 m restructuring credit.
• Net income attributable to Dolby increased 19.9 % to $46.1 m; diluted EPS $0.48 vs $0.40.
• YTD revenue up 7.6 % to $1.04 bn; diluted EPS $2.11 (+1.0 %).

Cash & liquidity: Cash and equivalents jumped to $698.6 m (↑$216 m since FY24 year-end) after strong operating cash flow of $349.4 m (↑66 %). Balance-sheet remains debt-free; total liabilities fell 7 % to $582 m.

Capital return: Q3 dividend increased to $0.33/sh (prior $0.30); YTD dividends $95 m and share repurchases $90 m reduced diluted shares to 96.9 m.

Mix & markets: Broadcast remains largest licensing market (38 %), while Mobile fell 11 % YoY. International accounts for 72 % of revenue. R&D spend flat YoY; S&M up 11 % to support Dolby Atmos/Dolby Vision adoption.

Outlook signals: Higher cash, margin expansion and continued buybacks support shareholder returns, though lower interest income and modest gross-margin compression merit monitoring.

Positive

• Revenue up 9.3 % YoY with broad-based licensing gains.
• Operating income +29 % and margin +240 bp, reflecting cost discipline.
• Operating cash flow $349 m (↑66 %), boosting cash to $699 m and maintaining debt-free status.
• Dividend raised to $0.33/sh and $90 m of shares repurchased, demonstrating commitment to capital return.

Negative

• Gross margin contracted 170 bp due to higher product mix.
• Mobile licensing revenue fell 11 %, highlighting segment volatility.
• Interest income dropped 56 % YoY, reducing other income contribution.

Insights

Equity Research Analyst

TL;DR: Revenue beat, margin expansion, strong cash; minor GM erosion and lower interest income.

Quarterly revenue exceeded consensus high single-digit expectations, with licensing strength across broadcast and PC offsetting softer Mobile. Operating margin improvement shows cost discipline despite a 11 % jump in S&M. Cash generation was exceptional; free cash flow easily covers elevated buybacks and a 10 % dividend hike. Gross margin pressure stems from higher hardware mix; if this persists, EPS leverage could moderate. Interest income halved YoY, signalling a headwind if rates fall. Overall trend supportive of long-term earnings growth and sustained capital return.

Portfolio Risk Analyst

TL;DR: Balance-sheet pristine; concentration risk in licensing persists.

Dolby’s net cash of ~$700 m and low contractual liabilities provide downside protection. However, 92 % of revenue is still royalty-based, exposing the model to device-cycle volatility—evident in Mobile decline. Broadcast growth suggests resilience, yet geographic concentration (72 % ex-US) adds FX risk. Restructuring credits mask underlying opex creep. Investors should watch gross margin trend and any slowdown in high-margin IP renewals.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-38309

AGM GROUP HOLDINGS INC.

(Translation of registrant’s name into English)

c/o Creative Consultants (Hong Kong) Limited

Room 1502-3 15/F., Connaught Commercial Building, 185 Wanchai Road

Wanchai, Hong Kong

+852 975-02047 – telephone

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

AGM Group Holdings Inc. Entered into Equity Transfer Agreement for the Sale of AGM Tianjin and AGM Beijing

On July 28, 2025, AGM Technology Limited, the Hong Kong subsidiary of AGM Group Holdings Inc.(“AGM HK”), entered into an Equity Transfer Agreement by and among AGM HK, Huai’an Qiguangdian Network Technology Co., Ltd. (“HQ Network”), AGM Tianjin Construction Development Co., Ltd. (“AGM Tianjin”) and Beijing AnGaoMeng Technology Service Co., Ltd. (“AGM Beijing”, collectively with AGM Tianjin, the “Target Companies”) for the sale of shares of the Target Companies held by AGM HK to HQ Network (the “Equity Transfer Agreement”).

AGM Tianjin is a wholly-owned subsidiary of AGM HK incorporated in the PRC. AGM Tianjin did not conduct any operations or own any material assets or liabilities except for cash, insignificant expense and 100% of the equity interests in AGM Beijing. AGM Beijing is a wholly-owned subsidiary of AGM Tianjin incorporated in the PRC and its principal activities include software design, technology transfer, technology consulting, technology promotion and data processing. Pursuant to the Equity Transfer Agreement, AGM HK will sell 100% of the Target Companies’ shares it holds to HQ Network for a total transfer consideration of US$5,000. The closing of the sale contemplated under the Equity Transfer Agreement is subject to certain closing conditions.

HQ Network is an independent third party incorporated in the PRC, primarily engaged in information transmission, software development, and information technology services.

The descriptions of the Equity Transfer Agreement herein are qualified in its entirety by reference to the Equity Transfer Agreement, which is filed as Exhibit 99.1 to this Form 6-K.

This report does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Safe Harbor Statement

This report contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about AGM Group Holdings Inc.’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in AGM Group Holdings Inc.’s filings with the SEC. All information provided in this report is as of the date of this report, and AGM Group Holdings Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Exhibit Index

Exhibit No.		Description
99.1		English Translation of Equity Transfer Agreement dated July 28, 2025, by and among AGM Technology Limited, Huai’an Qiguangdian Network Technology Co., Ltd., AGM Tianjin Construction Development Co., Ltd. and Beijing AnGaoMeng Technology Service Co., Ltd.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 31, 2025	AGM GROUP HOLDINGS INC.
	By:	/s/ Bo Zhu
	Name:	Bo Zhu
	Title:	Chief Executive Officer

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FAQ

What were Dolby Laboratories (DLB) Q3 FY25 earnings per share?

Diluted EPS were $0.48, up from $0.40 in the prior-year quarter.

How much revenue did DLB generate in the quarter ended 27-Jun-25?

Total revenue was $315.5 million, a 9.3 % increase year over year.

What is Dolby’s current cash position?

Cash and cash equivalents stood at $698.6 million as of 27-Jun-25.

Did Dolby increase its dividend in Q3 FY25?

Yes. The quarterly dividend was raised to $0.33 per share from $0.30.

Which segment contributed most to Dolby’s licensing revenue?

The Broadcast segment led with $111.3 million, 38 % of total licensing revenue.

How much stock did Dolby repurchase year-to-date?

Dolby repurchased $90 million of its common stock in FY25 YTD.