HPAI on Nasdaq
Helport AI Ltd
Helport AI Ltd is a prepackaged software services company, listed on Nasdaq (HPAI).1
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Last updated Oct 20, 2026.
Overview
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- TickerHPAI on Nasdaq1
- IndustryServices-Prepackaged Software1
- Business address9 Temasek Boulevard #07-00, Suntec Tower Two, Singapore3
- Filer categoryNon-accelerated filer, Emerging growth company3
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August 2, 2024, the parties consummated the Business Combination (the “Closing Date”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
AIServices brought in 99% of the revenue Helport AI Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| AIServices | $12.7M | $29.6M | $34.6M |
| AIBusiness Process Outsourcing | $38.6K | $212.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue45¢$15.7M
- Research and development18¢$6.3M
- Other costs30¢$10.4M
- Income tax2¢$538.1K
- Profit5¢$1.9M
Out of $34.9M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$9.1M
Out of $9.1M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Revenues | $34.9M | $29.6M | $12.7M |
| Cost of revenues | -$15.7M | -$11.0M | -$4.9M |
| Gross profit | $19.1M | $18.6M | $7.8M |
| Selling expenses | -$1.2M | -$98.0K | -$50.8K |
| General and administrative expenses | -$8.9M | -$5.0M | -$1.6M |
| Research and development expenses | -$6.3M | -$4.3M | -$375.4K |
| Total operating expenses | -$16.4M | -$9.4M | -$2.1M |
| Income from operation | $2.7M | $9.2M | $5.8M |
| Financial expenses, net | -$112.3K | -$226.7K | -$7.9K |
| Other (loss)/income, net | -$1.6K | $1.0K | |
| Change in fair value of warrant liabilities | -$237.1K | ||
| Income before income tax expenses | $2.4M | $9.0M | $5.8M |
| Income tax expenses | -$538.1K | -$1.6M | -$970.8K |
| Net income | $1.9M | $7.4M | $4.8M |
| Net change in foreign currency translation adjustment | -$5.1K | ||
| Total comprehensive income | $1.9M | $7.4M | $4.8M |
| Basic (in Dollars per share) | $0.05 | $0.24 | $0.16 |
| Diluted (in Dollars per share) | $0.05 | $0.24 | $0.16 |
| Basic (in Shares) | 37.4M shares | 30.3M shares | 30.3M shares |
| Diluted (in Shares) | 37.4M shares | 30.3M shares | 30.3M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-06-30 | 2024-07-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Cash | $152.1K | $2.6M | |||
| Accounts receivable | $23.5M | $21.3M | |||
| Deferred offering costs | $817.9K | ||||
| Prepaid expenses and other receivables | $137.7K | $42.0K | |||
| Total current assets | $23.8M | $24.8M | |||
| Long-term investment | $29.6K | ||||
| Intangible assets, net | $12.7M | $2.4M | |||
| Right-of-use assets, net | $705.5K | ||||
| Total non-current assets | $13.4M | $2.4M | |||
| Total assets | $37.2M | $27.2M | |||
| Accounts payable | $3.5M | $284.1K | |||
| Income tax payable | $1.3M | $2.7M | |||
| Convertible promissory notes | $4.9M | ||||
| Warrant liabilities | $4.7M | $4.4M | |||
| Loans due to third parties | $1.6M | ||||
| Accrued expenses and other liabilities | $4.6M | $5.3M | |||
| Lease liabilities | $134.3K | ||||
| Deferred tax liabilities | $548.9K | ||||
| Total current liabilities | $19.1M | $14.1M | |||
| Lease liabilities | $625.1K | ||||
| Total non-current liability | $625.1K | ||||
| Total liabilities | $19.7M | $14.1M | |||
| Ordinary shares (US$0.0001 par value per share; 500,000,000 authorized as of June 30, 2025 and 2024; 37,430,968 and 30,280,768 issued and outstanding as of June 30, 2025 and 2024, respectively)* | $3.7K | $3.0K | |||
| Additional paid-in capital | $2.6M | $4.5K | |||
| Accumulated other comprehensive loss | -$5.1K | ||||
| Retained earnings | $14.9M | $13.0M | |||
| Shareholders equity | $17.5M | $13.1M | $5.7M | $869.4K | |
| Total liabilities and shareholders equity | $37.2M | $27.2M | |||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | |||
| Ordinary shares, shares authorized | 500.0M shares | 500.0M shares | |||
| Ordinary shares, shares issued | 37.4M shares | 30.3M shares | |||
| Ordinary shares, shares outstanding | 37.4M shares | 30.3M shares |
| Period ending | 2025-06-30 | 2024-07-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Cash | $152.1K | $2.6M | |||
| Accounts receivable | $23.5M | $21.3M | |||
| Deferred offering costs | $817.9K | ||||
| Prepaid expenses and other receivables | $137.7K | $42.0K | |||
| Total current assets | $23.8M | $24.8M | |||
| Long-term investment | $29.6K | ||||
| Intangible assets, net | $12.7M | $2.4M | |||
| Right-of-use assets, net | $705.5K | ||||
| Total non-current assets | $13.4M | $2.4M | |||
| Total assets | $37.2M | $27.2M | |||
| Accounts payable | $3.5M | $284.1K | |||
| Income tax payable | $1.3M | $2.7M | |||
| Convertible promissory notes | $4.9M | ||||
| Warrant liabilities | $4.7M | $4.4M | |||
| Loans due to third parties | $1.6M | ||||
| Accrued expenses and other liabilities | $4.6M | $5.3M | |||
| Lease liabilities | $134.3K | ||||
| Deferred tax liabilities | $548.9K | ||||
| Total current liabilities | $19.1M | $14.1M | |||
| Lease liabilities | $625.1K | ||||
| Total non-current liability | $625.1K | ||||
| Total liabilities | $19.7M | $14.1M | |||
| Ordinary shares (US$0.0001 par value per share; 500,000,000 authorized as of June 30, 2025 and 2024; 37,430,968 and 30,280,768 issued and outstanding as of June 30, 2025 and 2024, respectively)* | $3.7K | $3.0K | |||
| Additional paid-in capital | $2.6M | $4.5K | |||
| Accumulated other comprehensive loss | -$5.1K | ||||
| Retained earnings | $14.9M | $13.0M | |||
| Shareholders equity | $17.5M | $13.1M | $5.7M | $869.4K | |
| Total liabilities and shareholders equity | $37.2M | $27.2M | |||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | |||
| Ordinary shares, shares authorized | 500.0M shares | 500.0M shares | |||
| Ordinary shares, shares issued | 37.4M shares | 30.3M shares | |||
| Ordinary shares, shares outstanding | 37.4M shares | 30.3M 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 as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Net income | $1.9M | $7.4M | $4.8M |
| Amortization of intangible assets | $4.4M | $2.4M | $2.3M |
| Amortization of right-of-use assets | $101.8K | ||
| Share-based compensation | $584.1K | ||
| Investment loss | $539 | ||
| Interest expenses on loans from related parties | $45.1K | ||
| Deferred income tax | $548.9K | ||
| Change in fair value of warrant liabilities | $237.1K | ||
| Accounts receivable | -$2.2M | -$6.8M | -$12.1M |
| Prepaid expenses and other receivables | $46.0K | -$42.0K | |
| Accounts payable | $3.2M | -$3.2M | $2.5M |
| Amount due to related parties | -$160.0K | $21.6K | $7.6K |
| Accrued expenses and other liabilities | $1.9M | $3.7M | $951.9K |
| Income tax payable | -$1.4M | $1.6M | $970.1K |
| Lease liabilities | -$84.8K | ||
| Net cash provided by/(used in) operating activities | $9.1M | $5.0M | -$454.1K |
| Purchase of intangible assets | -$14.7M | -$7.4M | |
| Loans to related parties | -$10.4K | ||
| Net cash used in investing activities | -$14.7M | -$7.4M | |
| Payment for listing costs | -$213.1K | -$817.9K | |
| Loan from a third party | $977.2K | $66.5K | |
| Repayment of loan from a third party | -$199.6K | -$629.6K | |
| Loans from related parties | $515.6K | $355.0K | $569.1K |
| Repayment of loans from related parties | -$468.8K | -$3.6K | -$45.1K |
| Proceeds from convertible promissory notes | $4.9M | ||
| Cash inflow from reverse recapitalization | $1.1M | ||
| Proceeds from PIPE investments | $2.6M | ||
| Repayment of sponsor loans | -$200.0K | ||
| Net cash provided by financing activities | $3.2M | $4.8M | $590.5K |
| Effect of exchange rate changes | -$5.8K | $45.9K | -$2.4K |
| Net change in cash | -$2.4M | $2.4M | $134.0K |
| Cash paid for interest | $10.1K | $59.4K | |
| Cash paid for income tax expenses | $1.4T | ||
| Lease liabilities arising from obtaining right-of-use assets | $807.4K | ||
| Net assets acquired from Reverse recapitalization | $7.5M | ||
| Financing funds received by a third party on behalf of the Group | $2.9M | ||
| Conversion from Convertible Promissory Notes | $5.0M | ||
| Offering costs recognized as additional paid-in capital | $1.0M | ||
| Issuance of New Promissory Notes to replace the Tristars original Sponsor Loans | $3.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Helport AI Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Helport AI Ltd
- Cong Shi Filed SCHEDULE 13G on Helport AI Ltd, latest Apr 18, 2025
- PERISCOPE CAPITAL INC. Filed SC 13G/A on Helport AI Ltd, latest Nov 12, 2024
- Helport AI Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Helport AI Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $705.5K2 Jun 30, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $152.1K2 Jun 30, 2025 | $2.6M2 Jun 30, 2024 | −94.1% |
| Long-term investments | $29.6K2 Jun 30, 2025 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $12.7M2 Jun 30, 2025 | $2.4M2 Jun 30, 2024 | +422.7% |
| Finite-lived intangibles, gross | $22.3M2 Jun 30, 2025 | $7.7M2 Jun 30, 2024 | +190.4% |
| Accumulated amortization | $9.7M2 Jun 30, 2025 | $5.3M2 Jun 30, 2024 | +83.4% |
| Finite-lived intangibles, net | $12.7M2 Jun 30, 2025 | $2.4M2 Jun 30, 2024 | +422.7% |
Leadership
Who has led Helport AI Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerGuanghai Li Mar 18, 2026 to now6
- Chief financial officerShen Di Mar 18, 2026 to now7
Board members and other officers (6)
- Board memberGeoffrey Michael Kerr Bonnycastle Mar 18, 2026 to now8
- Board memberGuanghai Li Mar 18, 2026 to now6
- Board memberShen Di Mar 18, 2026 to now7
- Board memberXin Yue Jasmine Geffner Mar 18, 2026 to now9
- Board memberXiaoma Lu Mar 31, 2026 to now10
- Board memberYu (nmn) Pan May 26, 2026 to now11
Timeline
- Mar 18, 2026New chief executive Guanghai Li becomes CEO6
Filings
62 filings to the SEC since October 2021: 3 annual reports, 6 insider forms, 2 large holders, 51 other. The latest 20:
- Jul 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 10, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- Jun 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 26, 20263 EDGAR
- May 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 31, 20263 EDGAR
- Mar 30, 2026EFFECT EDGAR
- Mar 26, 2026CORRESP EDGAR
- Mar 26, 2026F-3 REGISTRATION STATEMENT EDGAR
- Mar 26, 2026UPLOAD EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Nov 17, 202520-F ANNUAL REPORT EDGAR
- Oct 29, 2025NT 20-F NOTIFICATION OF LATE FILING EDGAR
- Oct 24, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 23, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 23, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 6, 2025424B3 PROSPECTUS SUPPLEMENT EDGAR
The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Cong ShiSCHEDULE 13G, 1 filing Apr 18, 202512
- PERISCOPE CAPITAL INC.SC 13G/A, 1 filing Nov 12, 202413
SEC filer profile
How Helport AI Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHelport AI Ltd1
- CIK0002001699
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inBritish Virgin Islands4
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address9 Temasek Boulevard #07-00, Suntec Tower Two, Singapore, Singapore1
- Phone65-823365841
- Shares outstanding37,430,968 Common Stock shares; 18,844,987 Warrants To Purchase Ordinary Shares shares as of Jun 30, 20254
- AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceDec 22, 20231
- Filings62 in all: 6-K (11), CORRESP (9), UPLOAD (8), 3 (6), F-4/A (5), 20-F (3), 424B3 (3), 425 (3)1
All 19 form types
EFFECT (3), DRS (2), 424B5 (1), 8-A12B (1), CERT (1), F-1 (1), F-3 (1), F-4 (1), NT 20-F (1), SC 13G/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Nov 17, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares | HPAI | Nasdaq |
| Warrants to purchase Ordinary Shares | HPAIW | Nasdaq |
From the cover page of the 20-F filed Nov 17, 2025 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARHelport AI Ltd filings on SEC EDGAR
- 2SEC EDGARHelport AI Ltd 10-K for fiscal 2025
- 3SEC EDGARHelport AI Ltd filings on SEC EDGAR
- 4
- 5SEC EDGARHelport AI Ltd 10-K for fiscal 2022
- 6SEC EDGARGuanghai Li, Chief executive officer
- 7SEC EDGARShen Di, Chief financial officer
- 8
- 9
- 10SEC EDGARXiaoma Lu, Board member
- 11SEC EDGARYu (nmn) Pan, Board member
- 12
- 13