Overview
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- TickerKNRX on NYSE1
- IndustryServices-Computer Programming, Data Processing, Etc.1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address21 Merchant Road, #04-01, Singapore, U0 0582673
- Filer category, Emerging growth company3
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Company was incorporated in the Cayman Islands on May 9, 2023, under the Companies Act as an exempted company with limited liability.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
Platform Services brought in 55% of the revenue KNOREX LTD. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Platform Services | $5.2M | $6.2M | $3.3M |
| Platform Subscription Fee | $3.2M | $4.4M | $2.6M |
| Managed Activations and Professional Services | $313.6K | $179.0K | $101.3K |
Regions
United States brought in 83% of the revenue KNOREX LTD. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $8.4M | $10.4M | $5.0M |
| Outside the United States | $279.4K | $398.1K | $1.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue51¢$3.1M
- Other costs47¢$2.8M
- Income tax2¢$103.6K
Out of $6.0M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| REVENUES | $6.0M | $10.8M | $8.7M |
| COST OF REVENUES | -$3.1M | -$6.3M | -$5.5M |
| GROSS PROFIT | $2.9M | $4.5M | $3.2M |
| Platform operations | -$2.6M | -$2.8M | -$3.6M |
| Sales and marketing | -$2.4M | -$3.0M | -$3.3M |
| Technology and development | -$2.5M | -$2.6M | -$2.0M |
| General and administrative | -$4.8M | -$1.7M | -$2.2M |
| Total Operating Expenses | -$12.3M | -$10.0M | -$11.2M |
| LOSS FROM OPERATIONS | -$9.4M | -$5.5M | -$8.0M |
| Interest expense, net | -$2.0M | -$317.7K | -$135.5K |
| Amortization of discount on debt instrument | -$218.8K | -$28.5K | -$28.4K |
| Foreign exchange (loss) gain, net | -$7.3K | -$53.1K | $47.3K |
| Other income, net | $140.4K | $82.1K | $143.4K |
| Total Other Expense, net | -$2.1M | -$317.2K | $26.8K |
| LOSS BEFORE INCOME TAXES | -$11.4M | -$5.8M | -$7.9M |
| PROVISION FOR INCOME TAXES | -$103.6K | -$58.2K | -$33.2K |
| NET LOSS | -$11.5M | -$5.9M | -$8.0M |
| Less: Net (loss)/gain attributable to non-controlling interest | -$1.3K | -$540 | $3.2K |
| NET LOSS ATTRIBUTABLE TO ORDINARY SHAREHOLDERS OF KNOREX LTD. | -$11.5M | -$5.9M | -$8.0M |
| Foreign currency translation adjustment | -$149.4K | $43.3K | -$203.8K |
| TOTAL COMPREHENSIVE LOSS | -$11.7M | -$5.8M | -$8.2M |
| Less: Comprehensive income attributable to noncontrolling interest | $1.1K | $310 | -$3.5K |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO KNOREX LTD. | -$11.7M | -$5.8M | -$8.2M |
| Basic | 28.2M shares | 27.1M shares | 24.4M shares |
| Diluted | 28.2M shares | 27.1M shares | 24.4M shares |
| Basic | -$0.41 | -$0.22 | -$0.33 |
| Diluted | -$0.41 | -$0.22 | -$0.33 |
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 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-02-29 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $129.1K | $824.7K | |||
| Accounts receivable, net | $1.1M | $1.9M | |||
| Other receivables | $306.2K | $471.3K | |||
| Loan receivables | $400.9K | ||||
| Prepayments and other current assets | $899.0K | $299.6K | |||
| Prepayments related party | $2.8M | ||||
| Total Current Assets | $5.7M | $3.5M | |||
| Property and equipment, net | $11.6K | $22.9K | |||
| Operating right-of-use asset | $101.1K | $137.0K | |||
| Capitalized software development costs | $1.2M | $1.3M | |||
| Deferred offering costs | $517.9K | ||||
| Total Non-Current Assets | $1.3M | $1.9M | |||
| Total Assets | $7.0M | $5.4M | |||
| Bank loans | $188.9K | $482.5K | |||
| Short-term loans - third parties | $4.2M | $2.2M | |||
| Short-term loans - related parties | $255.6K | $271.4K | |||
| Accounts payable | $2.5M | $2.5M | |||
| Other payables and accrued liabilities | $3.7M | $2.0M | |||
| Other payables - related parties | $137.9K | $20.1K | |||
| Deferred revenue | $22.1K | $29.1K | $126.4K | ||
| Operating lease liabilities | $31.2K | $28.8K | |||
| Convertible notes | $2.3M | $1.9M | |||
| Total Current Liabilities | $13.3M | $9.5M | |||
| Bank loans | $24.3K | $178.5K | |||
| Deferred tax liabilities | $3.0K | ||||
| Operating lease liabilities | $75.3K | $111.9K | |||
| Employee benefit obligations | $9.5K | ||||
| Total Liabilities | $13.4M | $9.8M | |||
| Additional paid-in capital | $56.7M | $45.9M | |||
| Accumulated deficit | -$62.2M | -$49.4M | |||
| Accumulated other comprehensive loss | -$1.0M | -$863.3K | |||
| Total KNOREX Ltd. Shareholders Deficit | -$6.5M | -$4.4M | |||
| Noncontrolling interests | $1.3K | $124 | |||
| Total Shareholders Deficit | -$6.5M | -$4.4M | $151.7K | ||
| Total Liabilities and Shareholders Deficit | $7.0M | $5.4M | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 100.0M shares | 100.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-02-29 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $129.1K | $824.7K | ||||
| Accounts receivable, net | $1.1M | $1.9M | ||||
| Other receivables | $306.2K | $471.3K | ||||
| Loan receivables | $400.9K | |||||
| Prepayments and other current assets | $899.0K | $299.6K | ||||
| Prepayments related party | $2.8M | |||||
| Total Current Assets | $5.7M | $3.5M | ||||
| Property and equipment, net | $11.6K | $22.9K | ||||
| Operating right-of-use asset | $101.1K | $137.0K | ||||
| Capitalized software development costs | $1.2M | $1.3M | ||||
| Deferred offering costs | $517.9K | |||||
| Total Non-Current Assets | $1.3M | $1.9M | ||||
| Total Assets | $7.0M | $5.4M | ||||
| Bank loans | $188.9K | $482.5K | ||||
| Short-term loans - third parties | $4.2M | $2.2M | ||||
| Short-term loans - related parties | $255.6K | $271.4K | ||||
| Accounts payable | $2.5M | $2.5M | ||||
| Other payables and accrued liabilities | $3.7M | $2.0M | ||||
| Other payables - related parties | $137.9K | $20.1K | ||||
| Deferred revenue | $22.1K | $29.1K | $126.4K | |||
| Operating lease liabilities | $31.2K | $28.8K | ||||
| Convertible notes | $2.3M | $1.9M | ||||
| Total Current Liabilities | $13.3M | $9.5M | ||||
| Bank loans | $24.3K | $178.5K | ||||
| Deferred tax liabilities | $3.0K | |||||
| Operating lease liabilities | $75.3K | $111.9K | ||||
| Employee benefit obligations | $9.5K | |||||
| Total Liabilities | $13.4M | $9.8M | ||||
| Additional paid-in capital | $56.7M | $45.9M | ||||
| Accumulated deficit | -$62.2M | -$49.4M | ||||
| Accumulated other comprehensive loss | -$1.0M | -$863.3K | ||||
| Total KNOREX Ltd. Shareholders Deficit | -$6.5M | -$4.4M | ||||
| Noncontrolling interests | $1.3K | $124 | ||||
| Total Shareholders Deficit | -$6.5M | -$4.4M | $151.7K | -$8.4M | ||
| Total Liabilities and Shareholders Deficit | $7.0M | $5.4M | ||||
| Common stock, par value | $0.00 | $0.00 | ||||
| Common stock, shares authorized | 100.0M shares | 100.0M 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 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$11.5M | -$5.9M | -$8.0M |
| Depreciation | $17.3K | $21.1K | $14.1K |
| Amortization of operating right-of-use assets | $30.4K | $70.0K | $40.0K |
| Amortization of discount on debt instrument | $218.8K | $28.5K | $28.4K |
| Amortization of capitalized software development costs | $794.0K | $745.0K | $592.5K |
| Interest expenses | $314.1K | $87.4K | |
| Allowance for credit losses | $30.4K | $125.7K | $41.6K |
| Gain from disposal of equipment | -$59 | -$409 | |
| Deferred tax expenses | $3.1K | ||
| Accounts receivable | $703.9K | -$381.5K | $154.7K |
| Other receivables | $159.9K | -$291.5K | $33.2K |
| Other receivables - related parties | $36.0K | -$35.4K | |
| Prepayments and other current assets | -$601.9K | -$1.5K | $139.7K |
| Prepayments related party | -$2.8M | ||
| Accounts payable | -$12.2K | -$286.6K | $981.2K |
| Other payables and accrued liabilities | $2.2M | $724.2K | $576.0K |
| Other payables - related parties | $118.1K | -$177.3K | $158.6K |
| Deferred revenue | -$7.0K | -$97.6K | -$229.3K |
| Operating lease liabilities | -$28.5K | -$67.6K | -$38.4K |
| Employee benefit obligations | $9.9K | ||
| Net cash used in operating activities | -$10.4M | -$5.3M | -$5.5M |
| Purchases of equipment | -$6.1K | -$12.8K | -$2.5K |
| Capitalized software development costs | -$708.4K | -$854.0K | -$875.8K |
| Loan to a third party | -$712.5K | ||
| Repayment of loan by a third party | $311.6K | ||
| Net cash used in investing activities | -$1.1M | -$866.8K | -$878.2K |
| Issuance of ordinary shares | $8.2M | ||
| Proceeds from initial public offering | $12.0M | ||
| Payments for initial public offering costs | -$2.3M | ||
| Payments of deferred offering costs | -$52.4K | -$354.8K | |
| Proceeds from convertible notes | $127.9K | $1.8M | |
| Proceeds from exercise of warrants | $202.5K | $1.3M | $511.4K |
| Repayments of secured borrowings recourse factoring liabilities | -$471.5K | ||
| Proceeds of bank loans | $67.4K | ||
| Repayments of bank loans | -$491.7K | -$534.1K | -$475.3K |
| Net cash provided by financing activities | $11.0M | $5.1M | $7.8M |
| EFFECT OF EXCHANGE RATE CHANGES | -$144.7K | $56.5K | -$111.1K |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | -$695.6K | -$1.0M | $1.4M |
| Cash paid for income taxes | $87.8K | $29.5K | $33.2K |
| Cash paid for interest | $190.2K | $31.8K | $134.2K |
| Initial recognition of operating right-of-use assets and lease liabilities | $169.4K | $66.9K | |
| Issuance of warrants | $195.8K | $277.6K | |
| Incremental fair value on modification of warrants | $1.2M | ||
| Conversion of convertible notes and accrued interest into ordinary shares | $8.0M | ||
| Deferred offering cost charged to additional paid-in capital upon the initial public offering | $1.9M |
No quarter-by-quarter statement was filed.
Corporate structure
KNOREX LTD. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of KNOREX LTD.
- VD CAPITAL PTY LTD Filed SCHEDULE 13G on KNOREX LTD., latest Mar 18, 2026
- FRANKLIN CAPITAL ENTERPRISE LTD Filed SCHEDULE 13G on KNOREX LTD., latest Dec 12, 2025
- Raffles Venture (Direct) Pte. Ltd Filed SCHEDULE 13G on KNOREX LTD., latest Nov 28, 2025
- Ritz Venture Capital Pte Ltd Filed SCHEDULE 13G on KNOREX LTD., latest Nov 28, 2025
- KNOREX LTD. E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What KNOREX 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 |
|---|---|---|---|
| Property and equipment, before depreciation | $193.4K2 Dec 31, 2025 | $189.6K2 Dec 31, 2024 | +2.0% |
| Accumulated depreciation | $181.8K2 Dec 31, 2025 | $166.7K2 Dec 31, 2024 | +9.0% |
| Property and equipment, net | $11.6K2 Dec 31, 2025 | $22.9K2 Dec 31, 2024 | −49.3% |
| Operating-lease assets (leased space) | $101.1K2 Dec 31, 2025 | $137.0K2 Dec 31, 2024 | −26.2% |
Leadership
Who has led KNOREX LTD., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerKhar Heng Choo Mar 27, 2026 to now5
- ChairKhar Heng Choo Mar 27, 2026 to now5
- PresidentWilson Chandra Apr 10, 2026 to now6
- Chief financial officerNing Sun Mar 27, 2026 to now7
Board members and other officers (7)
- OfficerAbhishek Kumar Mar 27, 2026 to now8
- Vice President, OperationsTruong Vinh Phu Le Mar 27, 2026 to now9
- Group General ManagerKheng Ee Lennon Teng Apr 10, 2026 to now10
- Board memberJayant Kadambi Mar 27, 2026 to now11
- Board memberQi Chang Mar 27, 2026 to now12
- Board memberGordon Kwok Wai Lam Apr 8, 2026 to now13
- Board memberWilson Chandra Apr 10, 2026 to now6
Timeline
- Mar 27, 2026New chief executive Khar Heng Choo becomes CEO5
Filings
67 filings to the SEC since October 2021: 1 annual reports, 9 insider forms, 4 large holders, 53 other. The latest 20:
- Oct 8, 20266-K EDGAR
- Sep 28, 20266-K EDGAR
- Sep 25, 2026EFFECT EDGAR
- Sep 21, 2026F-1 EDGAR
- Aug 26, 20266-K EDGAR
- Aug 19, 202620-F EDGAR
- Jun 26, 20266-K EDGAR
- Jun 12, 20266-K EDGAR
- Jun 11, 20266-K EDGAR
- Jun 8, 20266-K EDGAR
- May 26, 20266-K EDGAR
- Apr 30, 2026NT 20-F EDGAR
- Apr 10, 20263 EDGAR
- Apr 10, 20263 EDGAR
- Apr 8, 20263 EDGAR
- Apr 2, 20266-K EDGAR
- Mar 27, 20263 EDGAR
- Mar 27, 20263 EDGAR
- Mar 27, 20263 EDGAR
- Mar 27, 20263 EDGAR
The 67 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.
- VD CAPITAL PTY LTDSCHEDULE 13G, 1 filing Mar 18, 202614
- FRANKLIN CAPITAL ENTERPRISE LTDSCHEDULE 13G, 1 filing Dec 12, 202515
- Raffles Venture (Direct) Pte. LtdSCHEDULE 13G, 1 filing Nov 28, 202516
- Ritz Venture Capital Pte LtdSCHEDULE 13G, 1 filing Nov 28, 202517
SEC filer profile
How KNOREX LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKNOREX LTD.1
- CIK0001982960
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address21 Merchant Road, #04-01, Singapore, U0 0582671
- Phone(65) 6956 74831
- Shares outstanding25,642,538 Common Class A shares; 4,780,575 Common Class B shares as of Dec 31, 20254
- AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceDec 15, 20231
- Filings67 in all: 6-K (13), 3 (9), UPLOAD (7), DRSLTR (6), F-1/A (6), DRS/A (5), CORRESP (4), SCHEDULE 13G (4)1
All 18 form types
EFFECT (2), F-1 (2), FWP (2), 20-F (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), NT 20-F (1)
- Latest filingsAnnual report (20-F) Aug 19, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value $0.0005 per share | KNRX | The NYSE American LLC |
From the cover page of the 20-F filed Aug 19, 2026 (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 EDGARKNOREX LTD. filings on SEC EDGAR
- 2SEC EDGARKNOREX LTD. 10-K for fiscal 2025
- 3SEC EDGARKNOREX LTD. filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARWilson Chandra, President
- 7SEC EDGARNing Sun, Chief financial officer
- 8SEC EDGARAbhishek Kumar, Officer
- 9
- 10
- 11SEC EDGARJayant Kadambi, Board member
- 12SEC EDGARQi Chang, Board member
- 13SEC EDGARGordon Kwok Wai Lam, Board member
- 14
- 15
- 16
- 17