InsiderClue
Stocks · Real estate · Real Estate

Alset Inc.

AEI Clue Score28
United States Fiscal year ends December CIK 0001750106
$0.71 +0.93% Close, 12 Oct 2026
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Price $0.71 −66.02% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 24 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue24.3Operating income−6.9Net income−8.1Fiscal year 2020Revenue16.2 −33.1%Operating income−2.2Net income−5.1Fiscal year 2021Revenue19.8 +21.9%Operating income−15.0Net income−119.0Fiscal year 2022Revenue4.5 −77.4%Operating income−7.1Net income−40.5EPS, diluted−6.22Fiscal year 2023Revenue22.1 +393.0%Operating income−2.9Net income−58.9EPS, diluted−6.52Fiscal year 2024Revenue21.1 −4.4%Operating income−4.1Net income−4.0EPS, diluted−0.43Fiscal year 2025Revenue4.5 −78.8%Operating income−15.2Net income−47.4EPS, diluted−2.22
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 24.3 16.2 19.8 4.5 22.1 21.1 4.5
Growth −33.1% +21.9% −77.4% +393.0% −4.4% −78.8%
Operating income −6.9 −2.2 −15.0 −7.1 −2.9 −4.1 −15.2
Net income −8.1 −5.1 −119.0 −40.5 −58.9 −4.0 −47.4
Growth
EPS, diluted n/a n/a n/a −6.22 −6.52 −0.43 −2.22

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin17.7%Operating margin−28.6%Net margin−33.2%Free cash flow margin24.5%Fiscal year 2020Gross margin25.6%Operating margin−13.5%Net margin−31.4%Free cash flow margin1.8%Fiscal year 2021Gross margin42.9%Operating margin−75.7%Net margin−601.1%Free cash flow margin−85.4%Fiscal year 2022Gross margin16.7%Operating margin−158.2%Net margin−903.7%Free cash flow margin−724.4%Fiscal year 2023Gross margin34.0%Operating margin−13.0%Net margin−266.9%Free cash flow margin33.7%Fiscal year 2024Gross margin39.5%Operating margin−19.5%Net margin−18.8%Free cash flow margin23.9%Fiscal year 2025Gross margin27.9%Operating margin−338.9%Net margin−1,060.5%Free cash flow margin−136.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 17.7% 25.6% 42.9% 16.7% 34.0% 39.5% 27.9%
Operating margin −28.6% −13.5% −75.7% −158.2% −13.0% −19.5% −338.9%
Net margin −33.2% −31.4% −601.1% −903.7% −266.9% −18.8% −1,060.5%
Free cash flow margin 24.5% 1.8% −85.4% −724.4% 33.7% 23.9% −136.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow6.0Capital expenditure−0.0Free cash flow6.0Fiscal year 2020Operating cash flow0.3Capital expenditure−0.0Free cash flow0.3 −95.0%Fiscal year 2021Operating cash flow−16.7Capital expenditure−0.2Free cash flow−16.9 −5,814.8%Fiscal year 2022Operating cash flow−31.9Capital expenditure−0.6Free cash flow−32.5Fiscal year 2023Operating cash flow7.5Capital expenditure−0.0Free cash flow7.4Fiscal year 2024Operating cash flow5.2Capital expenditure−0.1Free cash flow5.1 −32.2%Buybacks−21.1Fiscal year 2025Operating cash flow−5.9Capital expenditure−0.2Free cash flow−6.1 −220.8%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.0 0.3 −16.7 −31.9 7.5 5.2 −5.9
Capital expenditure −0.0 −0.0 −0.2 −0.6 −0.0 −0.1 −0.2
Free cash flow 6.0 0.3 −16.9 −32.5 7.4 5.1 −6.1
Growth −95.0% −5,814.8% −32.2% −220.8%
Buybacks n/a n/a n/a n/a n/a −21.1 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash7.3Total debt0.0Net cash (debt)7.3Shareholders’ equity15.2Debt to equity0.00Fiscal year 2020Cash31.7Total debt0.6Net cash (debt)31.1Shareholders’ equity60.0Debt to equity0.01Fiscal year 2021Cash60.8Shareholders’ equity148.4Fiscal year 2022Cash17.8Shareholders’ equity137.7Fiscal year 2023Cash26.9Total debt0.2Net cash (debt)26.8Shareholders’ equity88.2Debt to equity0.00Fiscal year 2024Cash27.2Total debt0.1Net cash (debt)27.1Shareholders’ equity81.3Debt to equity0.00Fiscal year 2025Cash25.2Shareholders’ equity121.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.3 31.7 60.8 17.8 26.9 27.2 25.2
Total debt 0.0 0.6 n/a n/a 0.2 0.1 n/a
Net cash (debt) 7.3 31.1 n/a n/a 26.8 27.1 n/a
Shareholders’ equity 15.2 60.0 148.4 137.7 88.2 81.3 121.1
Debt to equity 0.00 0.01 n/a n/a 0.00 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
24.3 16.2 19.8 4.5 22.1 21.1 4.5
Growth −33.1% +21.9% −77.4% +393.0% −4.4% −78.8%
20.0 12.1 11.3 3.7 14.6 12.8 3.2
4.3 4.2 8.5 0.7 7.5 8.3 1.2
Growth −3.2% +104.6% −91.2% +903.7% +10.9% −85.0%
5.9 6.3 23.5 7.8 9.5 10.8 15.0
−6.9 −2.2 −15.0 −7.1 −2.9 −4.1 −15.2
Growth
−7.0 −4.7 −118.5 −46.2 −61.2 −4.0 −48.9
0.4 0.0 0.5 n/a 0.1 0.2 0.4
−8.1 −5.1 −119.0 −40.5 −58.9 −4.0 −47.4
Growth
Per share
n/a n/a −73.85 −6.22 −6.52 −0.43 −2.22
n/a n/a n/a −6.22 −6.52 −0.43 −2.22
Growth
n/a n/a 1.4 6.5 9.0 9.2 21.4
n/a n/a n/a 6.5 9.0 9.2 21.4
Growth +38.8% +2.1% +131.3%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 22.7% a year over five years.
  • Operating margin is down 325.4 points on five years ago, at -338.9%.
  • A net loss in 7 of 7 years on file.