Alset Inc. (AEI) Financial Statements
Industry: Real Estate
In fiscal 2025, Alset reported revenue of $4.5M, down 78.8% from $21.1M the year before. Net income was -$47.4M (a -1060.5% net margin), or -$2.22 per diluted share. Gross margin was 27.9% and operating margin was -338.9%. Operating activities generated -$5.9M of cash, leaving -$6.1M of free cash flow. At fiscal year end, Alset held $136.6M in total assets against $6.9M in total liabilities, including $25.2M of cash and equivalents.
Open the full interactive Alset financials → Quarterly statements, key ratios, valuation history and price charts.
Alset Key Stats
| Share Price | $0.71 |
|---|---|
| Market Cap | $27.7M |
| Revenue YoY Growth | -78.8% |
| 52-Week Range | $0.65 – $3.81 |
| Shares Outstanding | 38.9 million (basic, 2026 Q2) |
Alset Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $16.2M | $16.2M | $4.5M | $22.1M | $21.1M | $4.5M |
| Cost of Goods Sold | $12.1M | $12.1M | $3.7M | $14.6M | $12.8M | $3.2M |
| Gross Profit | $4.2M | $4.2M | $748,452 | $7.5M | $8.3M | $1.2M |
| Operating Income | -$1.7M | -$2.2M | -$7.1M | -$2.9M | -$4.1M | -$15.2M |
| Pre-Tax Income | -$4.0M | -$4.7M | -$46.2M | -$61.2M | -$4.0M | -$48.9M |
| Income Tax | $8,543 | -$8,543 | -$5.7M | $92,350 | $150,786 | $432,086 |
| Net Income | -$4.4M | -$5.1M | -$40.5M | -$58.9M | -$4.0M | -$47.4M |
| Diluted EPS | -$6.00 | -$73.80 | — | -$6.52 | -$0.43 | -$2.22 |
Alset Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $998,828 | $1.3M | $980,778 | $988,542 |
| Net Income | $1.5M | -$32.4M | -$4.5M | -$5.3M |
| Diluted EPS | $0.05 | -$1.52 | -$0.12 | -$0.14 |
Alset Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | $26.9M | $27.2M | $25.2M |
| Current Assets | $81.9M | $142.7M | $95.4M | $55.5M | $59.8M | $45.3M |
| Total Assets | $103.3M | $184.2M | $153.5M | $126.3M | $96.8M | $136.6M |
| Current Liabilities | $7.8M | $13.5M | $3.2M | $8.3M | $5.5M | $5.9M |
| Total Long-Term Debt | $636,362 | $188,125 | $189,475 | $156,926 | $123,118 | $949,688 |
| Total Liabilities | $8.6M | $13.9M | $4.8M | $9.1M | $6.6M | $6.9M |
| Shareholders' Equity | $57.1M | $148.4M | $137.7M | $88.2M | $81.3M | $121.1M |
Alset Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.6M | — | -$31.9M | $7.5M | $5.2M | -$5.9M |
| Cash From Investing | -$120,927 | — | -$15.1M | -$2.1M | $17.5M | $2.3M |
| Cash From Financing | $20.1M | — | $6.1M | $3.2M | -$21.4M | $1.1M |
| Free Cash Flow | $1.6M | $0 | -$32.5M | $7.4M | $5.1M | -$6.1M |
Figures from Alset's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Alset financials page for every line item.
Alset Company Profile
| Ticker | AEI |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001750106 |
Frequently Asked Questions
What was Alset's revenue in fiscal 2025?
Alset (AEI) reported revenue of $4.5M for fiscal 2025.
What is Alset's annual revenue history?
Alset's annual revenue by fiscal year: 2020: $16.2M; 2021: $16.2M; 2022: $4.5M; 2023: $22.1M; 2024: $21.1M; 2025: $4.5M.
What was Alset's net income in fiscal 2025?
Alset reported net income of -$47.4M for fiscal 2025.
What was Alset's earnings per share (EPS) in fiscal 2025?
Alset's diluted EPS was -$2.22 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Alset generate in fiscal 2025?
Alset generated -$6.1M of free cash flow in fiscal 2025.
What was Alset's revenue last quarter?
In its most recent reported quarter (2026 Q2), Alset reported revenue of $988,542.
How much debt does Alset have?
Alset reported $949,688 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Alset are outstanding?
Alset reported a weighted average of 38.9 million basic shares outstanding in 2026 Q2.
What is Alset's market cap?
Based on its latest closing price, Alset (AEI) has a market capitalization of about $27.7M.
When does Alset's fiscal year end?
Alset's fiscal year end, as registered with the SEC, is December 31.
Where is Alset headquartered?
Alset lists its business address in Bethesda, Maryland in its SEC filings.