Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $16.2M | $19.8M | $4.48M | $22.1M | $21.1M | $4.47M |
| Revenue growth | — | -33.1% | 21.9% | -77.4% | 393.0% | -4.4% | -78.8% |
| Gross profit | $4.29M | $4.15M | $8.50M | $748K | $7.51M | $8.33M | $1.25M |
| Gross margin | 17.7% | 25.6% | 42.9% | 16.7% | 34.0% | 39.5% | 27.9% |
| Operating income | -$6.94M | -$2.18M | -$15.0M | -$7.09M | -$2.87M | -$4.12M | -$15.2M |
| Operating margin | -28.6% | -13.5% | -75.7% | -158.2% | -13.0% | -19.5% | -338.9% |
| Net income | -$8.05M | -$5.10M | -$119M | -$40.5M | -$58.9M | -$3.97M | -$47.4M |
| Net margin | -33.2% | -31.4% | -601.1% | -903.7% | -266.9% | -18.8% | -1060.5% |
| EPS (diluted) | -$0.52 | -$0.38 | -$3.69 | -$6.22 | -$6.52 | -$0.43 | -$2.22 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.96M | $318K | -$16.7M | -$31.9M | $7.48M | $5.16M | -$5.93M |
| Capital expenditures | $3.63K | $21.7K | $228K | $600K | $29.1K | $103K | $175K |
| Free cash flow | $5.95M | $296K | -$16.9M | -$32.5M | $7.45M | $5.05M | -$6.10M |
| Share buybacks | — | — | — | — | — | $21.1M | — |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.33M | $31.7M | $60.8M | $17.8M | $26.9M | $27.2M | $25.2M |
| Total assets | $35.9M | $108M | $184M | $153M | $126M | $96.8M | $137M |
| Total liabilities | $13.6M | $9.72M | $13.9M | $4.83M | $9.07M | $6.56M | $6.92M |
| Long-term debt | $0.00 | $636K | — | — | $157K | $123K | — |
| Shareholders' equity | $15.2M | $60.0M | $148M | $138M | $88.2M | $81.3M | $121M |
| Retained earnings | -$40.5M | -$44.9M | -$148M | -$189M | -$248M | -$252M | -$299M |
| Shares (wtd avg diluted) | 10.0M | 8.57M | 1.40M | 6.51M | 9.04M | 9.24M | 21.4M |
Every figure is extracted from Alset Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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