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HWH

HWH International Inc.

HWH

HWH International Inc. • NASDAQ
$1.57 ▼ -0.63% (-0.01)
Market Cap $10.17 M
52w High $7.77
52w Low $0.90
Dividend Yield 0%
P/E -13.08
Volume 2.42K
Outstanding Shares 6.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $206.778K ▼ $324.976K ▼ $-291.004K ▼ -140.733% ▼ $-0.045 ▼ $-246.748K ▼
Q2-2025 $310.391K ▲ $488.681K ▼ $83.389K ▲ 26.866% ▲ $0.013 ▲ $108.888K ▲
Q1-2025 $295.197K ▲ $664.242K ▲ $-565.131K ▼ -191.442% ▼ $-0.034 ▼ $-477.744K ▼
Q4-2024 $287.062K ▼ $375.302K ▼ $-317.478K ▲ -110.596% ▲ $-0.019 ▲ $-309.762K ▲
Q3-2024 $345.523K $487.394K $-548.492K -158.743% $-0.033 $-503.372K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.122M ▼ $5.184M ▼ $2.277M ▼ $2.839M ▼
Q2-2025 $3.83M ▼ $10.603M ▲ $7.282M ▲ $3.227M ▼
Q1-2025 $4.177M ▼ $6.531M ▲ $2.836M ▼ $3.594M ▲
Q4-2024 $4.342M ▲ $6.409M ▲ $3.532M ▲ $2.765M ▲
Q3-2024 $832.368K $2.92M $3.171M $-374.893K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-308.721K ▼ $-418.506K ▼ $-273.758K ▲ $624.45K ▲ $-831.901K ▼ $-217.908K ▼
Q2-2025 $163.108K ▲ $26.909K ▲ $-441.523K ▼ $-77.372K ▼ $-446.673K ▼ $25.538K ▲
Q1-2025 $-565.131K ▼ $-555.333K ▼ $-300K ▼ $656.229K ▼ $-165.2K ▼ $-555.333K ▼
Q4-2024 $-329.201K ▲ $-280.894K ▼ $341 ▲ $3.648M ▲ $3.509M ▲ $-256.217K ▲
Q3-2024 $-537.143K $-275.033K $-103.046K $336.649K $11.015K $-277.112K

Five-Year Company Overview

Income Statement

Income Statement HWH looks like a very early‑stage business from its reported results. The key point is that there is essentially no recorded revenue yet, but the company is already showing small losses per share. That suggests the business is still in the build‑out and investment phase rather than in a steady operating phase. Profitability is not in sight based on this data alone, and the earnings pattern is uneven, which is typical for young, developing companies where costs come before meaningful sales. The numbers available are also very thin, so any conclusions about trends should be treated with caution.

Balance Sheet

Balance Sheet The balance sheet appears very light, with only a small base of assets and equity reported and no visible debt. This reinforces the picture of a small, early‑stage company. The absence of reported cash is notable and may reflect data limitations or a very lean capital position. Either way, the company does not look asset‑heavy or financially buffered at this stage, which can make it more sensitive to funding needs, execution setbacks, or delays in reaching commercial scale.

Cash Flow

Cash Flow Reported cash flow data show no meaningful operating or free cash flow, which is consistent with a business that has not yet begun to generate substantial revenue. This suggests HWH is likely funding operations through external capital rather than through its own cash generation. Until the robotics services, marketplace, and membership offerings produce recurring cash inflows, the company’s ability to sustain its plans will depend heavily on access to financing and disciplined cost control. The lack of detail here adds uncertainty about the actual cash runway and burn rate.

Competitive Edge

Competitive Edge Strategically, HWH is trying to build a lifestyle ecosystem—health, wealth, and happiness—rather than a single product company. Its push into Robot‑as‑a‑Service, partnerships with an established robotics provider, and ties to a parent group and distribution partners give it some initial strategic footing. At the same time, it is targeting very competitive arenas: consumer lifestyle, e‑commerce, financial education, and commercial robotics. Larger and more established players already operate in each of these spaces. HWH’s edge will depend on whether it can truly integrate its offerings into a sticky membership model and convert community and education into loyal, paying users at scale. Execution risk is high, and the moat is still more aspirational than proven.

Innovation and R&D

Innovation and R&D On the innovation side, HWH is leaning hard into two ideas: subscription‑based robotics and an integrated lifestyle platform. The Robot‑as‑a‑Service concept is aligned with broader trends toward subscription models and lower upfront costs for customers, and the company is leveraging a partner’s existing technology rather than building everything from scratch. Its Hapi ecosystem—marketplace, cafés, travel, and wealth education—shows creative thinking around combining digital and physical experiences, particularly for the gig‑economy audience. However, there is little visibility into the level of internal R&D spending, proprietary technology development, or unique intellectual property. For now, the innovation story rests largely on business model design and partnerships rather than clearly differentiated in‑house tech.

Summary

Overall, HWH presents as a very small, early‑stage company with an ambitious and multi‑layered strategy but minimal reported financial traction to date. The vision—robotics as a service plus a lifestyle and financial education ecosystem—is bold and taps into real trends like automation, the gig economy, and wellness. At the same time, the financial statements show no revenue, thin capital, and no evident cash generation, which underscores meaningful execution and funding risk. The company’s future will hinge on its ability to turn its partnerships and ecosystem concept into real, recurring business while managing costs and capital carefully. The available numbers are sparse, so any assessment should be made with a clear awareness of the high uncertainty and early‑stage nature of the story.