AEINasdaqReal EstateFiscal year ends December 31
Alset Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$0.62−0.01 (-1.08%)
Close on Oct 19, 2026
- Market cap
- $24.13M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
27.9%+2.4 pts over 5 years
Operating margin
-338.9%−325.4 pts over 5 years
Net margin
-1060.5%−1029.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -78.8% | -0.1% | -22.7% | – | |
| Gross profit | -85.0% | +18.6% | -21.4% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -13.6% | -46.9% | |
| Return on assets | – | -7.1% | -40.6% | |
| Current ratio | – | 9.61 | 7.55 | |
| Debt to equity | – | 0.01 | 0.01 | |
| Net debt to EBITDA | – | 11.14× | 1.74× | |
| Interest coverage | – | -14.8× | -277.7× | |
| Inventory turnover | – | 116.9× | 579.1× | |
| Capex to revenue | – | 0.1% | 3.9% | |
| Diluted shares | – | 0M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Alset generated $67.10M from operations and spent $22.24M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$67.10M
Used
$22.24M
Capital expenditure$1.13M5%Dividends$00%Share buybacks$21.10M95%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1060.5%
×Asset turnover0.04×
×Equity multiplier1.15×
=Return on equity, FY2025-46.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1060.5% | 0.04× | 1.15× | -46.9% |
| FY2024 | -18.8% | 0.19× | 1.32× | -4.7% |
| FY2023 | -266.9% | 0.16× | 1.24× | -52.2% |
| FY2022 | -903.7% | 0.03× | 1.18× | -28.3% |
| FY2021 | -601.1% | 0.14× | 1.40× | -114.2% |
| FY2020 | -31.4% | 0.23× | 1.91× | -13.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$47.41M
- Cash generatingOperating cash flow above zero-$5.93M
- Return on assets improvedROA up on the prior year-3.1% → -49.0%
- Earnings backed by cashOperating cash flow above net income-$5.93M vs -$47.41M
- Less leverageLong-term debt to assets fell0.1% → 0.5%
- Better liquidityCurrent ratio rose10.91 → 7.55
- No dilutionShare count did not rise9M → 21M
- Gross margin improvedGross margin up on the prior year39.46% → 27.94%
- More efficientAsset turnover rose0.17 → 0.05