Logo

AGH

Aureus Greenway Holdings Inc.

AGH

Aureus Greenway Holdings Inc. • NASDAQ
$4.48 ▼ -1.10% (-0.05)
Market Cap $67.45 M
52w High $8.25
52w Low $0.52
Dividend Yield 0%
P/E -21.33
Volume 29.32K
Outstanding Shares 15.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $336.878K ▼ $1.012M ▲ $-2.525M ▼ -749.654% ▼ $-0.18 ▼ $-2.591M ▼
Q2-2025 $602.232K ▼ $630.67K ▼ $-289.261K ▼ -48.031% ▼ $-0.021 ▼ $-290.766K ▼
Q1-2025 $1.328M ▲ $678.049K ▲ $266.212K ▲ 20.04% ▲ $0.021 ▲ $403.821K ▲
Q4-2024 $659.29K ▲ $349.698K ▼ $-238.371K ▼ -36.156% ▲ $-0.022 ▼ $-236.912K ▼
Q3-2024 $436.899K $352.147K $-205.612K -47.062% $-0.019 $-221.863K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $29.408M ▲ $35.187M ▲ $1.393M ▼ $33.794M ▲
Q2-2025 $7.625M ▼ $12.663M ▼ $1.705M ▲ $10.958M ▼
Q1-2025 $8.322M ▲ $12.784M ▲ $1.537M ▼ $11.248M ▲
Q4-2024 $463.92K ▼ $5.212M ▼ $4.142M ▲ $1.069M ▼
Q3-2024 $502.16K $5.362M $4.06M $1.301M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.525M ▼ $-1.161M ▼ $-391.534K ▲ $23.336M ▲ $21.783M ▲ $-1.553M ▼
Q2-2025 $-289.261K ▼ $-256.171K ▼ $-440.594K ▼ $0 ▼ $-696.765K ▼ $-696.765K ▼
Q1-2025 $266.212K ▲ $-81.193K ▼ $-8.146K ▼ $7.954M ▲ $7.865M ▲ $-96.12K ▼
Q4-2024 $-238.371K ▼ $-55.925K ▲ $-6.777K ▲ $17.683K ▲ $-45.018K ▲ $-55.92K ▲
Q3-2024 $-205.612K $-248.911K $-18.085K $-29.921K $-296.917K $-266.996K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Ancillary Revenue
Ancillary Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Food and Beverage
Food and Beverage
 $0 ▲$0 ▲$0 ▲$0 ▲
Golf Operations
Golf Operations
 $0 ▲$0 ▲$0 ▲$0 ▲
Sales of Merchandise
Sales of Merchandise
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The historical income statement looks more like that of a blank-check / SPAC shell than an operating golf business. Reported revenue is essentially non‑existent over the past few years, with only small per‑share gains and losses that likely reflect interest income and administrative costs rather than real operating activity. Other disclosures suggest the operating business has recently moved from profit to loss, so there is no clear track record yet of stable earnings from the golf courses themselves. Overall, the income picture is thin, early‑stage, and highly uncertain.

Balance Sheet

Balance Sheet The balance sheet shows very small asset levels, no reported debt, and equity that is essentially flat, which is typical of a SPAC structure prior to a full operating combination. In simple terms, the company appears cleanly capitalized but not yet backed by a long history of substantial physical or financial assets on the public record. The golf courses themselves and any related improvements may not yet be fully reflected in the summary figures shown, so the current balance sheet information should be treated as incomplete for judging long‑term financial strength.

Cash Flow

Cash Flow The cash flow data provided are effectively all zeros, which usually means either the business was not yet operating in a meaningful way, or the public summary is not capturing the underlying flows. As a result, there is no clear view on how much cash the courses generate, how much is reinvested in maintenance and upgrades, or how dependent the company is on outside funding. Until more detailed operating cash flow information is available, it is hard to assess the company’s ability to self‑fund its growth or withstand slow periods in tourism.

Competitive Edge

Competitive Edge Aureus Greenway operates two public golf courses in the Orlando area, a strong tourism hub that naturally supports steady golfer traffic. Its main advantages are location, a pair of distinct courses that let it serve different player types and events, and multiple income sources from green fees, memberships, food and beverage, retail, and functions like weddings and tournaments. The aquatic driving ranges give a modest local twist, but the overall offering is traditional golf and hospitality in a competitive market where many operators can offer similar experiences. The business is therefore more exposed to local competition, weather, and tourism cycles than to technology or intellectual‑property advantages.

Innovation and R&D

Innovation and R&D Despite the “Greenway” name and marketing language, the company does not appear to be a true environmental or technology innovator at this stage. There is no evidence of significant spending on research and development, nor of distinctive systems for energy use, water management, or turf technology that would set it apart in a structural way. The aquatic driving ranges are a nice experiential feature but not a breakthrough. Any innovation upside is more likely to be incremental—better digital booking, targeted marketing, or on‑course tech for customers—rather than transformative R&D.

Summary

Aureus Greenway looks like a traditional, location‑driven golf and leisure operator that has arrived on the market through a SPAC route, with very limited public financial history as a standalone business. The key strengths are its Orlando presence, dual‑course setup, and diversified on‑site revenue streams, all in a tourist‑heavy region that can support steady demand. The main risks are the lack of a proven earnings and cash‑flow track record, concentration in one geographic area, exposure to tourism and local competition, and an innovation story that is more marketing than substance so far. Future performance will hinge on basic blocking and tackling—course quality, customer experience, pricing, and capital discipline—rather than on technology or “green infrastructure” breakthroughs.