Alset Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.5M | $21.1M | $22.1M | $4.5M | $19.8M | $16.2M | $24.3M |
| Cost of Revenue | — | $3.2M | $12.8M | $14.6M | $3.7M | $11.3M | $12.1M | $20.0M |
| Gross Profit | — | $1.2M | $8.3M | $7.5M | $748.5K | $8.5M | $4.2M | $4.3M |
| Gross Margin | — | 27.9% | 39.5% | 34.0% | 16.7% | 42.9% | 25.6% | 17.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $15.0M | $10.8M | $9.5M | $7.8M | $23.5M | $6.3M | $5.9M |
| Operating Income | — | $-15.2M | $-4.1M | $-2.9M | $-7.1M | $-15.0M | $-2.2M | $-6.9M |
| Operating Margin | — | -338.9% | -19.5% | -13.0% | -158.2% | -75.7% | -13.5% | -28.6% |
| Interest Expense | — | — | — | $4.0K | $1.9K | $317.3K | $147.6K | $372.9K |
| Pretax Income | — | $-48.9M | $-4.0M | $-61.2M | $-46.2M | $-118.5M | $-4.7M | $-7.0M |
| Income Tax Expense | — | $432.1K | $150.8K | $92.4K | — | $534.0K | $8.5K | $431.4K |
| Net Income | — | $-47.4M | $-4.0M | $-58.9M | $-40.5M | $-119.0M | $-5.1M | $-8.1M |
| Net Margin | — | -1,060.5% | -18.8% | -266.9% | -903.7% | -601.1% | -31.4% | -33.2% |
| EPS (Basic) | — | $-2.22 | $-0.22 | $-3.26 | $-3.11 | $-7.39 | $-0.04 | $-0.05 |
| EPS (Diluted) | — | $-2.22 | $-0.22 | $-3.26 | $-3.11 | $-0.37 | $-0.04 | $-0.05 |
| Shares Outstanding (Basic) | 38.9M | 21.4M | 18.5M | 18.1M | 13.0M | 14.0M | 85.7M | 100.0M |
| Shares Outstanding (Diluted) | 38.9M | 21.4M | 18.5M | 18.1M | 13.0M | 14.0M | 85.7M | 100.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |