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SPHL

Springview Holdings Ltd Class A Ordinary Shares

SPHL

Springview Holdings Ltd Class A Ordinary Shares • NASDAQ
$0.45 ▲ 0.78% (+0.00)
Market Cap $5.22 M
52w High $7.80
52w Low $0.34
Dividend Yield 0%
P/E -3.78
Volume 398.29K
Outstanding Shares 11.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.821M ▼ $1.006M ▲ $-383.838K ▲ -13.608% ▲ $-0.018 ▲ $-264.042K ▲
Q4-2024 $2.904M ▼ $802.891K ▲ $-964.245K ▼ -33.207% ▼ $-0.045 ▼ $-1.011M ▼
Q2-2024 $3.683M ▼ $686.732K ▼ $183.672K ▼ 4.987% ▼ $0.009 ▼ $357.523K ▼
Q4-2023 $7.392M ▲ $792.319K ▲ $1.574M ▲ 21.291% ▲ $0.073 ▲ $2.015M ▲
Q2-2023 $2.525M $403.312K $198.87K 7.874% $0.009 $316.234K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $3.373M ▲ $11.532M ▲ $5.151M ▲ $6.381M ▲
Q2-2024 $153.914K ▼ $6.584M ▼ $4.469M ▼ $2.115M ▲
Q4-2023 $698.106K ▲ $6.762M ▲ $4.894M ▲ $1.868M ▲
Q2-2023 $114.676K ▼ $2.645M ▼ $2.902M ▼ $-256.623K ▲
Q4-2022 $348.685K $2.781M $3.303M $-522.382K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-383.838K ▲ $-1.145M ▼ $982.044K ▲ $52.725K ▼ $-169.581K ▼ $-1.145M ▼
Q4-2024 $-964.245K ▼ $-262.512K ▼ $-1.977M ▼ $4.472M ▲ $2.359M ▲ $-262.51K ▼
Q2-2024 $183.672K ▼ $-138.152K ▲ $0 ▼ $-265.822K ▼ $-415.661K ▼ $-138.15K ▲
Q4-2023 $1.574M ▲ $-934.375K ▼ $737.175K ▲ $631.158K ▲ $529.229K ▲ $-937.99K ▼
Q2-2023 $198.87K $-80.052K $0 $-95.059K $0 $-80.05K

Five-Year Company Overview

Income Statement

Income Statement The company is operating at a very small scale, with only modest revenue and thin margins so far. Recent results show it slipping into a small loss after being modestly profitable in earlier years, which suggests earnings are still quite volatile and highly dependent on a few projects. Overall, the business is still in an early, fragile phase where a single contract can noticeably swing profit up or down. There is not yet a track record of stable, growing earnings.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small base of assets and equity and no meaningful reported debt. That suggests the business is lean but also that it does not yet have much financial cushioning to absorb shocks or delays in projects. The absence of reported cash detail makes it harder to judge liquidity, but the tiny scale implies that access to outside funding and disciplined working capital management will be important as it tries to grow. Financial strength here looks more “minimal but clean” than “robust and well-capitalized.”

Cash Flow

Cash Flow Reported cash flows from operations and free cash flow are essentially flat, which likely reflects the tiny current scale of activity rather than a mature, cash‑generating business. This means the company has not yet demonstrated an ability to consistently turn its project work into surplus cash. As it starts bidding for larger contracts, the timing of cash in and cash out will matter a lot, and any delays or cost overruns could quickly strain liquidity. The cash-flow story is still to be proven.

Competitive Edge

Competitive Edge Springview competes in a crowded construction market but has taken some important steps to stand out. Its upgraded government licenses and safety certifications open doors to larger and more complex public projects, which could meaningfully expand its opportunity set. The “one‑stop solution” approach—covering design, construction, fit‑out, and after‑sales services—can be attractive to clients who want simplicity and a single point of accountability. Its experience in heritage redevelopment is a niche strength that not all general contractors have. On the other hand, it remains a small player in a sector dominated by larger, better-capitalized firms, so competition for big jobs, pricing pressure, and project concentration risk remain key challenges.

Innovation and R&D

Innovation and R&D This is not a technology-heavy company in the traditional sense; its competitive edge comes more from certifications, service breadth, and execution capabilities than from formal research and development. The recent focus has been on upgrading licenses, enhancing safety standards, and building specialized know‑how in areas like heritage projects rather than developing new construction technologies. The fresh listing could eventually fund investments in digital tools, efficiency improvements, and sustainable building practices, but there is little concrete evidence of major innovation spending yet. For now, the “innovation” is largely about process, compliance, and integrated service delivery rather than classic R&D.

Summary

Springview is an early-stage, Singapore‑focused construction firm that has just joined public markets and is still very small in financial terms. Its recent earnings have turned slightly negative and remain sensitive to individual projects, and both the balance sheet and cash-flow profile are thin, leaving limited room for missteps. On the positive side, the company has worked hard to secure key government certifications, promote a one‑stop project model, and build credibility in specialized work such as heritage redevelopment, all of which could support a move into larger, higher‑value contracts. The core question going forward is whether it can successfully win and deliver bigger projects without compromising margins or cash flow. Execution, risk management, and capital discipline will be central to how its story develops from here, and outcomes are likely to be quite uncertain given the company’s small size and the inherently cyclical, project‑driven nature of construction.

NEWS

November 26, 2025 · 5:15 PM UTC

Springview Announces 1-for-8 Reverse Share Split Effective December 2, 2025

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October 31, 2025 · 4:30 PM UTC

Springview Holdings Ltd Initiates Appeal Following Nasdaq Delisting Notice

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