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AMTD

AMTD IDEA Group

AMTD

AMTD IDEA Group • NYSE
$1.07 ▲ 2.39% (+0.03)
Market Cap $7.58 M
52w High $1.65
52w Low $0.87
Dividend Yield 0%
P/E 1.49
Volume 21.14K
Outstanding Shares 7.08M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $24.355M ▼ $-7.994M ▼ $8.375M ▼ 34.387% ▼ $0.54 ▼ $12.801M ▲
Q2-2024 $29.713M ▲ $6.4M ▼ $42.664M ▲ 143.587% ▲ $4.26 ▼ $12.686M ▲
Q4-2023 $-1.694M ▼ $20.564M ▲ $40.012M ▼ -2.362K% ▼ $4.62 ▼ $-11.385M ▼
Q2-2023 $124.409M ▲ $11.435M ▲ $96.586M ▲ 77.636% ▼ $7.44 ▲ $2.177M ▼
Q4-2022 $57.016M $5.81M $47.196M 82.777% $5.52 $152.827M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $87.859M ▲ $2.07B ▲ $369.889M ▼ $1.592B ▲
Q2-2024 $78.574M ▼ $1.703B ▲ $376.716M ▲ $1.33B ▲
Q4-2023 $120.234M ▼ $1.487B ▼ $193.016M ▲ $1.286B ▼
Q2-2023 $161.455M ▲ $1.687B ▲ $30.398M ▼ $1.343B ▲
Q4-2022 $138.159M $1.06B $58.249M $969.742M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $12.553M ▼ $5.159M ▲ $-45.338M ▼ $-17.34M ▼ $62.872M ▲ $5.151M ▲
Q2-2024 $42.664M ▼ $0 ▼ $0 ▲ $0 ▼ $0 $0 ▼
Q4-2023 $71.497M $19.989M $-133.483M $104.674M $0 ▲ $19.953M
Q2-2023 $71.497M ▲ $19.989M ▼ $-133.483M ▼ $104.674M ▼ $-18.063M ▼ $19.953M ▼
Q4-2022 $55.108M $364.661B $1.036B $611.394M $366.308B $364.746B

Revenue by Products

Product Q3-2019Q4-2019Q1-2020Q2-2020
Commissions
Commissions
 $330.00M ▲$130.00M ▼$210.00M ▲$260.00M ▲
Order Routing Revenue
Order Routing Revenue
 $130.00M ▲$140.00M ▲$220.00M ▲$340.00M ▲
Other TransactionBased Revenues
Other TransactionBased Revenues
 $40.00M ▲$40.00M ▲$60.00M ▲$50.00M ▼

Five-Year Company Overview

Income Statement

Income Statement AMTD’s income statement shows a small but consistently profitable business, with earnings holding up better than revenue. Revenue has drifted down from earlier years, which suggests some pressure on core activity or a shift in what drives results. Despite this, operating profit and net profit have remained positive and reasonably solid, likely helped by high-margin fee or investment-related income rather than volume-driven business. This pattern points to a model that can generate decent profit on a relatively small revenue base, but also hints at potential volatility if deal activity or market conditions weaken.

Balance Sheet

Balance Sheet The balance sheet looks equity‑heavy and relatively conservatively financed. Total assets and shareholders’ equity have both grown over time, suggesting the company has been building its asset base and net worth. Debt has increased recently but still appears modest compared with equity, which reduces financial strain, while cash balances are positive but not large, meaning liquidity must be watched. Overall, it looks more like a lightly leveraged platform company than a balance‑sheet‑intensive lender, but with limited cash cushion if conditions turn.

Cash Flow

Cash Flow Cash flow from operations has been positive every year but quite uneven, with a much stronger year earlier in the period and softer inflows more recently. Free cash flow closely tracks operating cash flow because capital spending is minimal, reflecting an asset‑light, service‑oriented model. The upside is that the business does not need heavy ongoing investment to function; the downside is that cash generation can swing with deal flow, markets, and the performance of its financial activities. Recent weaker cash inflows highlight the need to monitor the durability and quality of earnings.

Competitive Edge

Competitive Edge Competitively, AMTD is positioned less as a traditional asset manager and more as a connector across finance, digital services, media, and lifestyle. Its “SpiderNet” ecosystem is the core advantage: a broad network of clients, partners, and portfolio companies that can feed each other business and make the platform stickier. This networked approach can create barriers to entry for rivals who can copy products but not relationships. However, AMTD operates in highly competitive arenas—investment banking, asset management, digital solutions—where large global and regional players, as well as big tech, compete aggressively. The company’s complex, multi‑sector model is a strength if it executes well, but also adds coordination risk and makes the story harder for the market to value.

Innovation and R&D

Innovation and R&D Innovation at AMTD is driven more by ecosystem design and partnerships than by heavy in‑house research spending. The firm is experimenting at the edges of finance with metaverse projects, media and fashion integrations, AI‑enabled SME platforms, and digital health investments. This gives it exposure to several fast‑moving themes—AI, Web3, digital assets, and creator economy—without building every technology from scratch. The opportunity is to turn these experiments into scalable, repeatable offerings inside the SpiderNet; the risk is spreading attention across too many emerging areas, some of which may never mature commercially or may face regulatory pushback, especially around crypto and digital assets.

Summary

Overall, AMTD looks like a niche, ecosystem‑driven financial and digital platform with steady historical profitability on a small revenue base, a relatively conservative balance sheet, and light capital needs. Its strategy relies on being a “super‑connector” across finance, media, hospitality, and emerging digital spaces rather than on any single blockbuster product. This creates upside if its network effects deepen and new ventures like metaverse, AI, and digital health start to contribute meaningfully. At the same time, recent revenue softness, choppy cash flows, a series of reverse stock splits, and exposure to fashionable but uncertain areas (metaverse, crypto) underline execution risk and potential earnings volatility. Understanding AMTD mainly means understanding the quality, durability, and monetization of its SpiderNet ecosystem, rather than focusing only on traditional financial ratios.

NEWS

November 24, 2025 · 9:52 AM UTC

AMTD Digital's Subsidiary TGE Plans London Stock Exchange's Secondary Listing

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November 13, 2025 · 9:30 AM UTC

AMTD IDEA Group's Controlling Shareholders Enter into Two Years Voluntary Lock-up on Holdings

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November 10, 2025 · 9:25 AM UTC

TGE Pursues the Acquisition of the 100th Ritz Carlton Hotel Globally

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November 4, 2025 · 9:24 AM UTC

AMTD Digital Branches Out into AI-Healthcare Sector

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November 4, 2025 · 7:46 AM UTC

AMTD Digital Receives Confirmation of Extension of Previously Announced Lock-Up Undertakings from Key Stakeholders

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