AEI on Nasdaq
Alset Inc.
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with reAlpha Tech Corp., NAM TAI PROPERTY INC. or Redwood Mortgage Investors IX, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
27.9%Gross margin3
-338.9%Operating margin3
-1060.5%Net margin3
-78.8%Revenue growth, 20253
-39.2%Return on equity3
-$6.1MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Rental brought in 63% of the revenue Alset Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Rental | $2.9M | $2.8M |
| Other | $1.5M | $1.6M |
Business segments
Real Estate brought in 63% of the revenue Alset Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Real Estate | $19.6M | $2.8M |
| Other | $1.5M | $1.6M |
| Digital Transformation Technology | $172 |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue72¢$3.2M
- Other costs18¢$816.9K
- Income tax10¢$432.1K
Out of $4.5M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total Revenue | $4.5M | $21.1M |
| Cost of Sales | $3.2M | $12.8M |
| General and Administrative | $15.0M | $10.8M |
| Impairments and Credit Loss Expense | $1.4M | $1.6M |
| Total Operating Expenses | $19.6M | $25.2M |
| Loss from Operations | -$15.2M | -$4.1M |
| Interest Expense | -$54.5K | -$112.1K |
| Gain on Disposal of a Subsidiary | $362.1K | |
| Foreign Exchange Transaction (Loss) Gain | -$1.9M | $3.0M |
| Loss on Equity Method Investment | -$2.1M | -$3.2M |
| Impairment of Equity Method Investment | -$30.1M | |
| Other Income, Net | $2.8M | $224.1K |
| Total Other (Expense) Income, Net | -$33.8M | $102.0K |
| Net Loss Before Income Taxes | -$48.9M | -$4.0M |
| Income Tax Expense | -$432.1K | -$150.8K |
| Net Loss | -$49.4M | -$4.2M |
| Net Loss Attributable to Non-Controlling Interest | -$1.9M | -$199.9K |
| Net Loss Attributable to Common Stockholders | -$47.4M | -$4.0M |
| Foreign Currency Translation Adjustment | $1.7M | -$4.5M |
| Total Comprehensive Loss | -$47.7M | -$8.6M |
| Less Comprehensive Loss Attributable to Non-controlling Interests | -$1.7M | -$839.2K |
| Total Comprehensive Loss Attributable to Common Shareholders | -$46.0M | -$7.8M |
| Net Loss Per Share - Basic | -$2.22 | -$0.43 |
| Net Loss Per Share - Diluted | -$2.22 | -$0.43 |
| Weighted Average Common Shares Outstanding - Basic | 21.4M shares | 9.2M shares |
| Weighted Average Common Shares Outstanding - Diluted | 21.4M shares | 9.2M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and Cash Equivalents | $25.2M | $27.2M | |
| Restricted Cash | $108.0K | $939.9K | |
| Account Receivables, Net | $57.0K | $75.6K | |
| Other Receivables, Net | $2.4M | $6.3M | |
| Note Receivables - Related Parties, Net | $1.5M | $1.7M | |
| Prepaid Expense | $182.3K | $207.5K | |
| Inventory | $6.2K | $4.9K | |
| Investment in Securities at Cost | $17.5K | ||
| Investment in Equity Method Securities | $4.3M | ||
| Deposits | $75.1K | $210.5K | |
| Total Current Assets | $45.3M | $59.8M | |
| Real Estate - Rental Properties, Net | $29.6M | $30.7M | $31.8M |
| Property and Equipment, Net | $477.9K | $594.6K | |
| Operating Lease Right-Of-Use Assets, Net | $495.0K | $1.5M | |
| Deposits | $212.1K | $272.3K | |
| Investment in Securities at Cost | $18.2K | ||
| Investment in Equity Method Securities | $55.1M | ||
| Other Receivables - Long Term, Net | $4.0M | ||
| Total Assets | $136.6M | $96.8M | |
| Accounts Payable and Accrued Expenses | $5.0M | $3.6M | |
| Operating Lease Liabilities | $578.9K | $531.9K | |
| Total Current Liabilities | $5.9M | $5.5M | |
| Operating Lease Liabilities | $332.0K | $993.3K | |
| Notes Payable | $658.8K | $93.2K | |
| Total Liabilities | $6.9M | $6.6M | |
| Common Stock, $0.001 par value; 250,000,000 shares authorized; 39,401,786 and 9,235,119 shares issued on December 31, 2025 and 2024, respectively; 38,895,830 and 9,235,119 shares outstanding on December 31, 2025 and 2024, respectively | $39.4K | $9.2K | |
| Additional Paid in Capital | $421.1M | $334.0M | |
| Treasury Stock at Cost (505,956 and 0 shares on December 31, 2025 and 2024, respectively) | -$1.0M | ||
| Accumulated Deficit | -$299.3M | -$251.9M | |
| Accumulated Other Comprehensive Income (Loss) | $168.8K | -$849.9K | |
| Total Alset Inc. Stockholders Equity | $121.1M | $81.3M | |
| Non-controlling Interests | $8.6M | $8.9M | |
| Total Stockholders Equity | $129.7M | $90.2M | $96.8M |
| Total Liabilities and Stockholders Equity | $136.6M | $96.8M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 25.0M shares | 25.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares issued | 39.4M shares | 9.2M shares | |
| Common stock, shares outstanding | 38.9M shares | 9.2M shares | |
| Treasury stock at cost Shares | 506.0K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss from Operations | -$49.4M | -$4.2M |
| Depreciation | $1.2M | $1.2M |
| Non-Cash Lease Expenses | $691.9K | $1.2M |
| Impairments and Credit Losses | $1.4M | $1.6M |
| Bad Debt write off | $18.5K | |
| Gain on Sale of Stock of Subsidiary | -$362.1K | |
| Foreign Transaction Loss (Gain) | $1.9M | -$3.0M |
| Stock Based Compensation | $2.4M | |
| Unrealized Loss (Gain) on Securities Investment | $58.4K | -$297.4K |
| Unrealized Loss on Securities Investment - Related Party | $2.4M | $1.2M |
| Realized Loss (Gain) on Securities Investment | $769.7K | -$461.2K |
| Realized Loss on Securities Investment-Related Party | $2.4M | |
| Loss on Equity Method Investment | $2.1M | $3.2M |
| Impairment on Equity Method Investment | $30.1M | |
| Real Estate | $10.4M | |
| Real Estate Reimbursement Receivable | $8.1M | -$2.0M |
| Account Receivables | $8.8K | $1.9K |
| Other Receivable - Related Parties | -$330.7K | |
| Prepaid Expense | $32.7K | $100.6K |
| Deposits | $215.0K | -$12.1K |
| Trading Securities | -$11.1M | -$2.1M |
| Inventory | $412 | $336 |
| Accounts Payable and Accrued Expenses | $1.7M | -$260.1K |
| Deferred Revenue | -$2.1K | |
| Operating Lease Liabilities | -$732.9K | -$1.1M |
| Net Cash (Used in) Provided by Operating Activities | -$5.9M | $5.2M |
| Purchase of Fixed Assets | -$175.5K | -$102.7K |
| Purchase of Equity Interest of a Subsidiary | -$40.0K | -$814.2K |
| Advance to Related Party | -$550.0K | |
| Proceed from Sales of Investment in Securities at Fair Value - Related Party | $4.2M | |
| Collection of Advance to Related Parties | $467.1K | |
| Issuing Loan Receivable | -$1.2M | |
| Issuing Loan Receivable - Related Party | -$2.3M | -$1.8M |
| Collection of Loan Receivable - Related Party | $607.3K | $151.1K |
| Cash Withdrawn from Trust Account for Redemptions | $21.1M | |
| Cash Withdrawn from Trust Account Available to the Company | $243.9K | |
| Net Cash Provided by Investing Activities | $2.3M | $17.5M |
| Proceeds from Common Stock Issuance | $2.6M | |
| Buyback Treasury Stock | -$1.0M | |
| Proceeds from Note Payable | $72.2K | $130.0K |
| Repayment to Notes Payable | -$582.1K | -$446.3K |
| Repayment of Class A Common Stock | -$21.1M | |
| Net Cash Provided by (Used in) Financing Activities | $1.1M | -$21.4M |
| Net (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash | -$2.6M | $1.2M |
| Effects of Foreign Exchange Rates on Cash and Cash Equivalents | -$314.3K | -$910.8K |
| Cash Paid for Interest | $11.6K | $40.5K |
| Cash Paid for Taxes | $47.5K | |
| Initial Recognition of ROU / Lease Liability | $132.0K | $637.2K |
| Promissory Notes Received in Exchange for Sale of HWH Common Stock to Investors | $16.2M | |
| Issuance of HWH Common Stock to EF Hutton for Deferred Underwriting Compensation | $1.5M | |
| Conversion of Ketomei Note Payable to Common Stock | $310.8K | |
| Gain from SHRG Warrants and Convertible Notes | $87.1K | $287.8K |
| Gain on Disposal of Hapi Travel | $257.7K | |
| Acquisition of NEAPI for Issued Shares | $83.0M |
Former names
Recent filings
- Oct 8, 2026PRE 14C
- Oct 7, 2026PRE 14A
- Sep 21, 20268-K
- Aug 25, 2026144
- Aug 14, 202610-Q
- Jul 9, 20264
- Jun 25, 20268-K
- May 14, 202610-Q
- May 7, 20268-K
- Mar 31, 202610-K
- Mar 30, 20268-K
- Feb 6, 20268-K
- Dec 4, 20258-K
- Nov 14, 202510-Q
- Oct 22, 2025DEF 14A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARAlset Inc. filings on SEC EDGAR
- 2SEC EDGARAlset Inc. filings on SEC EDGAR
- 3SEC EDGARAlset Inc. 10-K for fiscal 2025
- 4SEC EDGARAlset Inc. 10-K for fiscal 2019
- 5SEC EDGARAlset Inc. 10-K for fiscal 2020
- 6SEC EDGARAlset Inc. 10-K for fiscal 2021
- 7SEC EDGARAlset Inc. 10-K for fiscal 2022
- 8SEC EDGARAlset Inc. 10-K for fiscal 2023
- 9SEC EDGARAlset Inc. 10-Q for fiscal 2026
- 10SEC EDGARAlset Inc. 10-Q for fiscal 2026