SequelSEC

Alset Inc. AEI

Real Estate · CIK 0001750106 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$4.47M
Fiscal year ended 2025-12-31
Operating income
-$15.15M
Fiscal year ended 2025-12-31
Free cash flow
-$6.10M
Fiscal year ended 2025-12-31

Alset Inc. (AEI) reported revenue of $4.47M and net income of -$47.41M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Alset Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate.

Income

Alset Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$4.47M$21.12M$22.09M$4.48M$19.80M$16.24M$24.26M
Cost of revenue$3.22M$12.78M$14.58M$3.73M$11.30M$12.09M$19.97M
Gross profit$1.25M$8.33M$7.51M$748.45K$8.50M$4.15M$4.29M
Operating income-$15.15M-$4.12M-$2.87M-$7.09M-$14.99M-$2.18M-$6.94M
Net income-$47.41M-$3.97M-$58.95M-$40.49M-$119.02M-$5.10M-$8.05M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 21.36Mshares 9.24Mshares 9.04Mshares 6.51MUnavailableUnavailableUnavailable
Pretax income-$48.92M-$4.02M-$61.19M-$46.21M-$118.48M-$4.67M-$6.96M
Income tax expense$432.09K$150.79K$92.35KUnavailable$534.01K$8.54K$431.39K
Diluted EPS$-2.22$-0.43$-6.52$-6.22UnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$15.01M$10.84M$9.53M$7.84M$23.49M$6.34M$5.86M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Alset Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$25.18M$27.24M$26.92M$17.83MUnavailableUnavailableUnavailable
Total assets$136.59M$96.76M$126.31M$153.49M$184.21M$107.71M$35.87M
Current assets$44.77M$59.76M$55.46M$95.42M$142.73M$85.46M$11.76M
Total liabilities$6.92M$6.56M$9.07M$4.83M$13.92M$9.72M$13.65M
Current liabilities$5.93M$5.48M$8.11M$3.24M$13.54M$8.89M$7.03M
Total equity incl. NCI$129.66M$90.20M$96.79M$148.66M$170.29M$97.99M$23.66M
Temporary (mezzanine) equityUnavailableUnavailable$20.46MUnavailableUnavailableUnavailableUnavailable
Inventory$6.22K$4.91K$5.56K$35.02K$47.29K$90.07K$116.70K
Accounts receivable$57.00K$75.65K$77.52K$46.52K$39.62K$1.37M$170.44K
GoodwillUnavailableUnavailable$60.34KUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailable$123.12K$156.93KUnavailableUnavailable$636.36K$0
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailable$1.29M$4.00M

Cash flow

Alset Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$5.93M$5.16M$7.48M-$31.86M-$16.68M$317.61K$5.96M
Capital expenditures$175.46K$102.75K$29.10K$599.65K$227.82K$21.67K$3.63K
Investing cash flow$2.25M$17.47M-$2.13M-$15.12M-$56.04M$1.78M-$130.63K
Financing cash flow$1.10M-$21.42M$3.19M$6.06M$103.42M$21.15M-$3.99M
Net change in cashUnavailableUnavailableUnavailableUnavailable$30.69M$23.25MUnavailable
Stock-based compensation$2.42MUnavailableUnavailableUnavailable$134.19K$1.56M$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailable$21.10MUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$1.07M$1.07M$1.05M$882.81K$120.51K$0Unavailable

Derived

Alset Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$6.10M$5.05M$7.45M-$32.46M-$16.91M$295.94K$5.95M
Gross margin27.9%39.5%34.0%16.7%42.9%25.6%17.7%
Operating margin-338.9%-19.5%-13.0%-158.2%-75.7%-13.5%-28.6%
FCF margin-136.5%23.9%33.7%-724.4%-85.4%1.8%24.5%
SBC / revenue54.1%UnavailableUnavailableUnavailable0.7%9.6%0.0%
Current ratio7.55x10.91x6.83x29.41x10.54x9.61x1.67x
Revenue YoY growth-78.8%-4.4%393.0%-77.4%21.9%-33.1%Unavailable
Net margin-1060.5%-18.8%-266.9%-903.7%Unavailable-31.4%-33.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue3.9%0.5%0.1%13.4%1.2%0.1%0.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AEI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-14View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-15View SEC filing

Companies in the same industry

AHRT AIRE AOMR AOXY BEEP CBRE CHCI CLBZ CMTG CPPTL CSUI CURB

Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

cash flow reconciliationreview2021-12-31

Operating, investing and financing flows differ from the reported change in cash by 1622343, beyond tolerance 1034174.04.

balance equationreview2019-12-31

Difference 1436888 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.