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ARBB

ARB IOT Group Limited

ARBB

ARB IOT Group Limited • NASDAQ
$5.83 ▲ 3.55% (+0.20)
Market Cap $10.29 M
52w High $18.60
52w Low $3.92
Dividend Yield 0%
P/E -0.6
Volume 6.97K
Outstanding Shares 1.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $82.65M ▲ $26.603M ▲ $-27.536M ▼ -33.317% ▼ $-15.62 ▼ $-13.327M ▼
Q4-2024 $26.564M ▼ $525.814K ▼ $-4.823M ▲ -18.155% ▲ $-2.34 ▼ $19.431M ▲
Q2-2024 $31.623M ▼ $46.035M ▲ $-50.177M ▼ -158.673% ▼ $-2.28 ▼ $-27.046M ▼
Q4-2023 $118.546M ▼ $16.387M ▲ $22.163M ▲ 18.695% ▲ $0.84 ▲ $29.066M ▲
Q2-2023 $123.522M $12.627M $3.67M 2.971% $0.2 $20.96M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.203M ▼ $304.3M ▲ $68.733M ▲ $235.566M ▼
Q4-2024 $9.987M ▼ $272.91M ▲ $8.833M ▼ $264.077M ▲
Q2-2024 $68.664M ▲ $268.772M ▼ $167.606M ▲ $101.061M ▼
Q4-2023 $31.454M ▼ $395.704M ▼ $76.866M ▼ $318.744M ▲
Q2-2023 $33.968M $417.371M $124.747M $291.021M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-27.536M ▼ $-9.15M ▲ $2.565M ▲ $-66K ▼ $0 $-9.15M ▲
Q4-2024 $-4.823M ▲ $-23.362M ▼ $126.406K ▲ $5.934M ▲ $0 ▲ $-23.362M ▼
Q2-2024 $-50.177M ▼ $80.057M ▲ $-29.034M ▼ $-55.466M ▼ $-686.649K ▲ $50.057M ▲
Q4-2023 $22.163M ▲ $6.345M ▼ $-24.694M ▲ $15.09M ▼ $-34.673M ▼ $6.383M ▲
Q2-2023 $3.67M $48.095M $-72.384M $29.728M $2.854M $-24.289M

Five-Year Company Overview

Income Statement

Income Statement Revenue ramped up in the earlier years, then dropped sharply most recently, which suggests the business is still very project‑driven and volatile rather than on a smooth growth path. Profitability flipped from modest profits to losses, with gross margins turning negative, a sign that recent contracts or cost control have not been favorable. This reversal from profitable operations to red ink is a key risk signal and suggests execution, pricing, or mix issues that need to be fixed for the model to be sustainable.

Balance Sheet

Balance Sheet The balance sheet is small but fairly clean, with no debt and most funding coming from shareholder equity. Cash remains quite thin relative to the size of the business, which limits flexibility if results stay weak or working capital swings. The company looks asset‑light and lean, which can support agility, but it also leaves less cushion if growth plans or large projects do not go as expected.

Cash Flow

Cash Flow Operating cash flow has been consistently positive or at least breakeven, which contrasts with the recent accounting loss and suggests working capital management, upfront payments, or non‑cash items are helping. Historically, heavy investment spending pulled free cash flow into negative territory, indicating a phase of building capabilities and capacity. Most recently, investment spending eased and free cash flow turned positive, but this may reflect a pause in investment rather than a matured, self‑funding business model.

Competitive Edge

Competitive Edge ARB IOT operates in attractive niches—smart buildings, smart agriculture, and AI‑related infrastructure—where demand tailwinds exist, especially in Southeast Asia. Its ability to deliver full “turnkey” solutions from design to deployment can create stickier customer relationships and some differentiation versus pure hardware or software vendors. However, dependence on a small number of large customers and on third‑party suppliers points to a fragile moat: strong upside if key relationships deepen, but vulnerability if any major client or partner pulls back.

Innovation and R&D

Innovation and R&D The company is actively pushing into specialized IoT and AI solutions, such as smart palm‑oil farming systems, drones, robotics for fertilizer application, and custom AI server platforms. These offerings show a focus on solving very specific, high‑value problems rather than selling generic devices, which can support better margins if adoption grows. Partnerships with established tech players like ASUS and ServerSphere enhance its access to advanced technology and may speed up product development, but the commercial payoff and scalability of these innovations are still unproven and will take time to validate.

Summary

ARB IOT is a small, innovation‑driven tech company with an interesting mix of smart infrastructure, agriculture, and AI server solutions, but its financial track record is uneven. The recent swing from profit to loss and the sharp revenue drop highlight meaningful execution and demand risks, even as cash generation from operations has held up reasonably well. A debt‑free, asset‑light balance sheet and positive free cash flow in the latest period provide some resilience, yet limited cash reserves and customer concentration keep risk elevated. The long‑term story rests on whether management can convert its technical partnerships and niche IoT/AI products into a broader, more diversified and consistently profitable revenue base.