SPHL
SPHL
Springview Holdings Ltd Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $2.82M ▼ | $1.01M ▲ | $-383.84K ▲ | -13.61% ▲ | $-0.14 ▲ | $-264.04K ▲ |
| Q4-2024 | $2.9M ▼ | $802.89K ▲ | $-964.25K ▼ | -33.21% ▼ | $-0.36 ▼ | $-1.01M ▼ |
| Q2-2024 | $3.68M ▼ | $686.73K ▼ | $183.67K ▼ | 4.99% ▼ | $0.07 ▼ | $357.52K ▼ |
| Q4-2023 | $7.39M ▲ | $792.32K ▲ | $1.57M ▲ | 21.29% ▲ | $0.59 ▲ | $2.02M ▲ |
| Q2-2023 | $2.53M | $403.31K | $198.87K | 7.87% | $0.07 | $316.23K |
What's going well?
Gross profit turned positive and net losses shrank by over half, showing the company is moving in the right direction. Cost of goods is under better control, and interest expenses are manageable.
What's concerning?
Revenue is falling and operating expenses are rising much faster than sales, which could erase recent progress. The company is still losing money and has yet to prove it can become profitable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $2.93M ▼ | $9.18M ▼ | $3.6M ▼ | $5.58M ▼ |
| Q4-2024 | $3.37M ▲ | $11.53M ▲ | $5.15M ▲ | $6.38M ▲ |
| Q2-2024 | $153.91K ▼ | $6.58M ▼ | $4.47M ▼ | $2.12M ▲ |
| Q4-2023 | $698.11K ▲ | $6.76M ▲ | $4.89M ▲ | $1.87M ▲ |
| Q2-2023 | $114.68K | $2.65M | $2.9M | $-256.62K |
What's financially strong about this company?
SPHL has plenty of cash and receivables, very little debt, and no risky goodwill or intangibles. The company can easily pay its bills and has a clean, high-quality asset base.
What are the financial risks or weaknesses?
Total assets, cash, and equity all declined this quarter, and retained earnings are negative, showing past losses. If this trend continues, it could weaken the company's position.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-383.84K ▲ | $-1.15M ▼ | $982.04K ▲ | $52.73K ▼ | $-169.58K ▼ | $-1.15M ▼ |
| Q4-2024 | $-964.25K ▼ | $-262.51K ▼ | $-1.98M ▼ | $4.47M ▲ | $2.36M ▲ | $-262.51K ▼ |
| Q2-2024 | $183.67K ▼ | $-138.15K ▲ | $0 ▼ | $-265.82K ▼ | $-415.66K ▼ | $-138.15K ▲ |
| Q4-2023 | $1.57M ▲ | $-934.38K ▼ | $737.17K ▲ | $631.16K ▲ | $529.23K ▲ | $-937.99K ▼ |
| Q2-2023 | $198.87K | $-80.05K | $0 | $-95.06K | $0 | $-80.05K |
What's strong about this company's cash flow?
The company still has over $2.3 million in cash, and was able to generate some cash from investing activities this quarter. No shareholder dilution or payouts means cash is being preserved for operations.
What are the cash flow concerns?
Cash burn from operations and working capital is accelerating, with free cash flow losses over $1.1 million this quarter. The company is highly dependent on outside funding and has only a few quarters of cash left at this rate.
5-Year Trend Analysis
A comprehensive look at Springview Holdings Ltd Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Springview combines a distinctive one‑stop service model, a long operating track record, and a growing suite of sustainability‑linked offerings such as advanced drainage systems and residential solar. It has shown that it can grow revenue rapidly in favorable conditions, and its balance sheet has improved substantially, moving to a net cash position with stronger liquidity and positive shareholder equity. Low capital expenditure requirements suggest an asset‑light profile that can be scaled without heavy investment if demand and profitability recover.
At the same time, the business exhibits pronounced volatility in revenue, margins, and earnings, culminating in a sizeable loss and sharply weaker profitability in the latest year. Operating and free cash flows have been consistently negative, indicating that the company is not yet self‑funding and relies on external financing to support operations. Rising overhead costs, high reliance on receivables, exposure to a cyclical and competitive construction market, and the early‑stage nature of its innovation initiatives all add to execution and financial risk.
The overall picture is of a company at an inflection point. Strategically, its integrated offering and sustainability‑oriented innovations give it avenues for differentiation and growth, especially if it can capitalize on demand for green and turnkey construction solutions. Financially, however, recent trends in profitability and cash flow are negative and need to stabilize before longer‑term potential can be more confidently assessed. Future performance will largely depend on whether management can restore margins, improve cash conversion, and turn its new technologies and partnerships into a steadier, higher‑quality earnings base.
About Springview Holdings Ltd Class A Ordinary Shares
https://www.springviewggl.comSpringview Holdings Ltd, through its subsidiary, designs and constructs residential and commercial buildings in Singapore. It undertakes new construction, reconstruction, and additions and alterations works. The company also provides other general contracting services, such as renovation and design consultation, space planning, bespoke carpentry, and project management.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $2.82M ▼ | $1.01M ▲ | $-383.84K ▲ | -13.61% ▲ | $-0.14 ▲ | $-264.04K ▲ |
| Q4-2024 | $2.9M ▼ | $802.89K ▲ | $-964.25K ▼ | -33.21% ▼ | $-0.36 ▼ | $-1.01M ▼ |
| Q2-2024 | $3.68M ▼ | $686.73K ▼ | $183.67K ▼ | 4.99% ▼ | $0.07 ▼ | $357.52K ▼ |
| Q4-2023 | $7.39M ▲ | $792.32K ▲ | $1.57M ▲ | 21.29% ▲ | $0.59 ▲ | $2.02M ▲ |
| Q2-2023 | $2.53M | $403.31K | $198.87K | 7.87% | $0.07 | $316.23K |
What's going well?
Gross profit turned positive and net losses shrank by over half, showing the company is moving in the right direction. Cost of goods is under better control, and interest expenses are manageable.
What's concerning?
Revenue is falling and operating expenses are rising much faster than sales, which could erase recent progress. The company is still losing money and has yet to prove it can become profitable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $2.93M ▼ | $9.18M ▼ | $3.6M ▼ | $5.58M ▼ |
| Q4-2024 | $3.37M ▲ | $11.53M ▲ | $5.15M ▲ | $6.38M ▲ |
| Q2-2024 | $153.91K ▼ | $6.58M ▼ | $4.47M ▼ | $2.12M ▲ |
| Q4-2023 | $698.11K ▲ | $6.76M ▲ | $4.89M ▲ | $1.87M ▲ |
| Q2-2023 | $114.68K | $2.65M | $2.9M | $-256.62K |
What's financially strong about this company?
SPHL has plenty of cash and receivables, very little debt, and no risky goodwill or intangibles. The company can easily pay its bills and has a clean, high-quality asset base.
What are the financial risks or weaknesses?
Total assets, cash, and equity all declined this quarter, and retained earnings are negative, showing past losses. If this trend continues, it could weaken the company's position.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-383.84K ▲ | $-1.15M ▼ | $982.04K ▲ | $52.73K ▼ | $-169.58K ▼ | $-1.15M ▼ |
| Q4-2024 | $-964.25K ▼ | $-262.51K ▼ | $-1.98M ▼ | $4.47M ▲ | $2.36M ▲ | $-262.51K ▼ |
| Q2-2024 | $183.67K ▼ | $-138.15K ▲ | $0 ▼ | $-265.82K ▼ | $-415.66K ▼ | $-138.15K ▲ |
| Q4-2023 | $1.57M ▲ | $-934.38K ▼ | $737.17K ▲ | $631.16K ▲ | $529.23K ▲ | $-937.99K ▼ |
| Q2-2023 | $198.87K | $-80.05K | $0 | $-95.06K | $0 | $-80.05K |
What's strong about this company's cash flow?
The company still has over $2.3 million in cash, and was able to generate some cash from investing activities this quarter. No shareholder dilution or payouts means cash is being preserved for operations.
What are the cash flow concerns?
Cash burn from operations and working capital is accelerating, with free cash flow losses over $1.1 million this quarter. The company is highly dependent on outside funding and has only a few quarters of cash left at this rate.
5-Year Trend Analysis
A comprehensive look at Springview Holdings Ltd Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Springview combines a distinctive one‑stop service model, a long operating track record, and a growing suite of sustainability‑linked offerings such as advanced drainage systems and residential solar. It has shown that it can grow revenue rapidly in favorable conditions, and its balance sheet has improved substantially, moving to a net cash position with stronger liquidity and positive shareholder equity. Low capital expenditure requirements suggest an asset‑light profile that can be scaled without heavy investment if demand and profitability recover.
At the same time, the business exhibits pronounced volatility in revenue, margins, and earnings, culminating in a sizeable loss and sharply weaker profitability in the latest year. Operating and free cash flows have been consistently negative, indicating that the company is not yet self‑funding and relies on external financing to support operations. Rising overhead costs, high reliance on receivables, exposure to a cyclical and competitive construction market, and the early‑stage nature of its innovation initiatives all add to execution and financial risk.
The overall picture is of a company at an inflection point. Strategically, its integrated offering and sustainability‑oriented innovations give it avenues for differentiation and growth, especially if it can capitalize on demand for green and turnkey construction solutions. Financially, however, recent trends in profitability and cash flow are negative and need to stabilize before longer‑term potential can be more confidently assessed. Future performance will largely depend on whether management can restore margins, improve cash conversion, and turn its new technologies and partnerships into a steadier, higher‑quality earnings base.

CEO
Zhuo Wang
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-02 | Reverse | 1:8 |
Ratings Snapshot
Rating : C

