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AEI

Alset Inc.

AEI

Alset Inc. • NASDAQ
$2.74 ▲ 0.00% (+0.00)
Market Cap $106.60 M
52w High $4.55
52w Low $0.70
Dividend Yield 0%
P/E -4.89
Volume 11.65K
Outstanding Shares 38.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $998.828K ▼ $2.821M ▼ $1.512M ▲ 151.421% ▲ $0.05 ▲ $2.32M ▲
Q2-2025 $1.099M ▲ $3.011M ▼ $-8.221M ▲ -748.11% ▲ $-0.71 ▲ $-8.514M ▲
Q1-2025 $1.068M ▼ $4.223M ▲ $-8.333M ▼ -780.067% ▼ $-0.78 ▼ $-9.082M ▼
Q4-2024 $8.942M ▲ $2.675M ▼ $2.327M ▲ 26.018% ▼ $0.25 ▲ $3.307M ▲
Q3-2024 $4.961M $2.975M $1.716M 34.599% $0.19 $79.958K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $39.326M ▲ $169.107M ▲ $4.712M ▼ $155.681M ▲
Q2-2025 $32.601M ▼ $86.012M ▼ $4.738M ▼ $72.815M ▼
Q1-2025 $43.248M ▼ $90.465M ▼ $5.654M ▼ $76.363M ▼
Q4-2024 $48.608M ▲ $96.762M ▼ $6.563M ▲ $81.331M ▼
Q3-2024 $44M $98.789M $5.39M $84.201M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-16.859M ▼ $1.751M ▲ $-19.852M ▼ $23.128M ▲ $7.941M ▲ $1.61M ▲
Q2-2025 $-8.841M ▼ $-2.619M ▲ $2.137M ▲ $-7.208K ▼ $-631.473K ▲ $-2.702M ▲
Q1-2025 $-8.333M ▼ $-3.756M ▼ $-461.505K ▲ $2.333M ▲ $-1.859M ▼ $-3.817M ▼
Q4-2024 $2.829M ▲ $13.907M ▲ $-1.24M ▼ $-48.473K ▼ $10.557M ▲ $13.872M ▲
Q3-2024 $1.716M $-2.854M $-908.921K $-19.04K $-2.137M $-2.886M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Rental
Rental
 $0 ▲$0 ▲$0 ▲$0 ▲
Property
Property
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Alset’s income statement shows a very small business that has struggled to turn its vision into meaningful revenue so far. Sales have been tiny and fairly flat over the last several years, and past losses were notable. More recently, operating performance looks closer to breakeven, suggesting tighter cost control and some stabilization. However, the scale of the business remains very limited, and past per‑share losses have been heavy and volatile, reflecting both ongoing losses and capital structure changes. Overall, the company is still in an early, fragile stage in terms of earnings power.

Balance Sheet

Balance Sheet The balance sheet is small and relatively simple. Alset holds a modest asset base with a limited cash cushion and no reported financial debt, which reduces pressure from interest payments. Equity makes up most of the capital structure, meaning the company has relied on shareholders rather than borrowing. At the same time, total assets and equity have been drifting down from earlier levels, which can indicate either asset sales, write‑downs, or ongoing use of resources without strong replenishment. Financially, this looks like a lean, lightly geared company with little buffer for major setbacks.

Cash Flow

Cash Flow Cash flow has improved from earlier years of negative operating cash flow to more recent periods where the core business is closer to generating, rather than consuming, cash. Free cash flow broadly tracks operating cash flow, as there is minimal spending on long‑term physical assets. This suggests a capital‑light model, but also that growth investments may be limited. While the recent shift toward positive or near‑positive cash flow is a constructive signal, it appears to be happening on a very small base, so stability and repeatability remain key open questions.

Competitive Edge

Competitive Edge Competitively, Alset is an ambitious but small player facing very large and established rivals across multiple fronts: real estate development, digital consulting, biohealth, and robotics distribution. Its main differentiator is the idea of an integrated “Sustainable Healthy Living System” and EHome communities that bundle smart homes, lifestyle services, and potentially health and technology offerings. This ecosystem concept could create cross‑selling opportunities if executed well. However, the company does not appear to have a single dominant proprietary technology or brand, and operating in several disparate industries at once increases execution risk. Its competitive position is more about concept and integration than about scale or clear technological advantage today.

Innovation and R&D

Innovation and R&D Innovation at Alset is centered on combining existing technologies into a unified lifestyle ecosystem rather than inventing entirely new platforms. The EHome concept, digital transformation services, biohealth products, AI ventures, and robotics distribution all fit into this integration‑focused strategy. This approach can be faster and less capital‑intensive than deep in‑house R&D, but it also makes it harder to build a strong technological moat. Future potential depends on how well Alset develops proprietary know‑how, secures strong partnerships (especially in robotics and AI), and shows concrete progress in its biohealth initiatives. For now, the innovation story is promising in vision but still largely unproven in commercial impact.

Summary

Alset Inc. is a very small, diversified developer with an outsized vision compared to its current financial footprint. The business has generated only modest revenue and has a history of losses, though recent periods show signs of tighter cost control and improved cash discipline. The balance sheet is light, with no debt but also limited assets and cash, leaving little margin for major missteps. Competitively, Alset is trying to stand out through a bundled lifestyle ecosystem—smart homes, digital services, health products, and robotics—rather than through scale or proprietary technology. This creates upside if the pieces start to work together, but it also raises execution and focus risks. Overall, Alset looks like an early‑stage, high‑concept platform that still needs to demonstrate consistent, meaningful profit and cash generation from its ambitious strategy.

NEWS

October 14, 2025 · 9:25 AM UTC

Alset's New Energy Accelerates Electrification of Hong Kong Taxis through Partnership with Chery's Kaiyi and Support from Government Loan Program

Read more