HWH International Inc. (HWH) Financial Statements
Industry: Drugs, Proprietaries & Druggists' Sundries (Wholesale)
In fiscal 2025, HWH International reported revenue of $866,926, down 76.1% from $3.6M the year before. Net income was -$2.6M (a -303.4% net margin), or -$0.40 per diluted share. Gross margin was 53.0% and operating margin was -367.8%. Operating activities generated -$1.8M of cash, leaving -$1.8M of free cash flow. At fiscal year end, HWH International held $4.6M in total assets against $1.9M in total liabilities, including $2.1M of cash and equivalents.
Open the full interactive HWH International financials → Quarterly statements, key ratios, valuation history and price charts.
HWH International Key Stats
| Share Price | $2.03 |
|---|---|
| Market Cap | $15.3M |
| Revenue YoY Growth | -76.1% |
| 52-Week Range | $0.92 – $2.68 |
| Shares Outstanding | 7.5 million (basic, 2026 Q2) |
HWH International Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $3.6M | $866,926 |
| Gross Profit | — | — | $601,856 | $459,727 |
| Operating Income | — | — | -$2.4M | -$3.2M |
| Pre-Tax Income | $300,464 | $971,103 | -$2.6M | -$2.6M |
| Income Tax | $186,923 | $422,230 | -$15,773 | $47,472 |
| Net Income | $113,541 | $548,873 | -$2.6M | -$2.6M |
| Diluted EPS | — | $0.35 | — | -$0.40 |
HWH International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $206,778 | — | $64,200 | $64,200 |
| Net Income | -$291,004 | -$1.9M | -$626,197 | $211,965 |
| Diluted EPS | — | -$0.28 | -$0.08 | $0.03 |
HWH International Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | — | — | $4.3M | $2.1M |
| Current Assets | $1.2M | $703,154 | $5.5M | $3.0M |
| Total Assets | $89.3M | $22.0M | $6.4M | $4.6M |
| Current Liabilities | $376,541 | $837,575 | $3.3M | $1.3M |
| Total Long-Term Debt | — | $205,305 | — | $733,040 |
| Total Liabilities | $3.4M | $3.9M | $3.6M | $1.9M |
| Shareholders' Equity | -$2.0M | -$2.4M | $2.8M | $2.6M |
HWH International Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$514,071 | -$1.5M | -$1.7M | -$1.8M |
| Cash From Investing | -$87.1M | $69.1M | $20.5M | -$1.2M |
| Cash From Financing | $88.8M | -$68.1M | -$15.8M | $934,714 |
| Free Cash Flow | — | — | -$1.7M | -$1.8M |
Figures from HWH International'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 HWH International financials page for every line item.
HWH International Company Profile
| Ticker | HWH |
|---|---|
| Exchange | Nasdaq |
| Industry | Drugs, Proprietaries & Druggists' Sundries (Wholesale) |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001897245 |
Frequently Asked Questions
What was HWH International's revenue in fiscal 2025?
HWH International (HWH) reported revenue of $866,926 for fiscal 2025.
What is HWH International's annual revenue history?
HWH International's annual revenue by fiscal year: 2022: $0; 2023: $0; 2024: $3.6M; 2025: $866,926.
What was HWH International's net income in fiscal 2025?
HWH International reported net income of -$2.6M for fiscal 2025.
What was HWH International's earnings per share (EPS) in fiscal 2025?
HWH International's diluted EPS was -$0.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did HWH International generate in fiscal 2025?
HWH International generated -$1.8M of free cash flow in fiscal 2025.
What was HWH International's revenue last quarter?
In its most recent reported quarter (2026 Q2), HWH International reported revenue of $64,200.
How much debt does HWH International have?
HWH International reported $733,040 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of HWH International are outstanding?
HWH International reported a weighted average of 7.5 million basic shares outstanding in 2026 Q2.
What is HWH International's market cap?
Based on its latest closing price, HWH International (HWH) has a market capitalization of about $15.3M.
When does HWH International's fiscal year end?
HWH International's fiscal year end, as registered with the SEC, is December 31.
Where is HWH International headquartered?
HWH International lists its business address in Bethesda, Maryland in its SEC filings.