Company research
Alset Inc.
CIK 1750106Updated Sep 24, 2026
SecurityAEI · NASDAQ · equity
Historical securities (1)
HFEN · OTC · equity · closed Feb 4, 2021Name history
Alset EHome International Inc. · through Oct 4, 2022HF Enterprises Inc. · through Feb 4, 2021
AEI price & chart
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Seeking Alpha
Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-Q filing
4 filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-Q filing
Show 2 more recent filings
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement
Items 1.01, 1.02, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 136,587,114Source | 96,761,977Source | 126,314,028Source | 153,490,336Source |
| Property, Plant and Equipment, NetUSD | — | 594,623Source | 742,072Source | 1,298,334Source |
| GoodwillUSD | — | — | 60,343Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 25,184,990Source | 27,243,787Source | 26,921,727Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 57,002Source | 75,646Source | 77,517Source | 46,522Source |
| Inventory, NetUSD | 6,215Source | 4,913Source | 5,561Source | 35,020Source |
| Assets, CurrentUSD | 45,278,366Source | 59,760,342Source | 55,461,235Source | 95,422,167Source |
| Operating Lease, Right-of-Use AssetUSD | 494,957Source | 1,468,913Source | 1,467,372Source | 1,614,159Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,923,965Source | 6,563,126Source | 9,066,700Source | 4,827,221Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 39,402Source | 9,235Source | 9,235Source | 7,423Source |
| Additional Paid in CapitalUSD | 421,138,522Source | 334,023,233Source | 332,455,457Source | 322,534,891Source |
| Retained Earnings (Accumulated Deficit)USD | -299,266,482Source | -251,851,540Source | -247,885,656Source | -188,724,411Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 168,802Source | -849,862Source | 3,609,719Source | 3,836,063Source |
| Stockholders' Equity Attributable to ParentUSD | 121,075,369Source | 81,331,066Source | 88,188,755Source | 137,653,966Source |
| Liabilities and EquityUSD | 136,587,114Source | 96,761,977Source | 126,314,028Source | 153,490,336Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,933,131Source | 5,476,601Source | 8,344,684Source | 3,244,738Source |
| Operating Lease, Liability, CurrentUSD | 578,916Source | 531,885Source | 903,429Source | 45,556Source |
| Operating Lease, Liability, NoncurrentUSD | 332,035Source | 993,284Source | 595,834Source | 1,582,483Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 8,587,780Source | 8,867,785Source | 8,601,562Source | 11,009,149Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | — | 0Source |
| Deferred Revenue, CurrentUSD | — | 2,100Source | — | — |
| Long-term DebtUSD | — | 123,118Source | 156,926Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -49,350,566Source | -4,165,816Source | -61,278,733Source | -46,212,505Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,420,125Source | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -8,849Source | -1,871Source | -217,178Source | 221,869Source |
| Increase (Decrease) in InventoriesUSD | -412Source | -336Source | -32,149Source | -13,164Source |
| Deferred Income Tax Expense (Benefit)USD | 2,731,608Source | -2,164,103Source | 5,721,455Source | -2,742,045Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -5,927,532Source | 5,156,047Source | 7,478,823Source | -31,855,435Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 2,250,903Source | 17,468,306Source | -2,128,986Source | -15,123,041Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 175,464Source | 102,749Source | 29,105Source | 599,650Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 21,102,871Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,100,198Source | -21,419,083Source | 3,187,489Source | 6,057,481Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 28,183,726Source | 27,889,293Source | 18,521,903Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 11,616Source | 40,489Source | 3,979Source | 1,853Source |
| Income Taxes Paid, NetUSD | 47,472Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 2,420,125Source | 0Source | 0Source | 0Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 502,497Source | -417,468Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | 16,557,582Source |
| DepreciationUSD | 1,198,649Source | 1,228,136Source | 1,217,017Source | 963,077Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | 461,247Source | -11,375,747Source | -7,308,580Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | 6,607,215Source | -7,794,139Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,930,505Source | 3,039,135Source | -697,286Source | -547,845Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 68,502Source |
| General and Administrative ExpenseUSD | 15,009,471Source | 10,837,251Source | 9,529,100Source | 7,837,826Source |
| GoodwillUSD | — | — | 60,343Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -2,132,825Source | -3,234,851Source | -24,483,374Source | -685,533Source |
| Income Tax Expense (Benefit)USD | 432,086Source | 150,786Source | 92,350Source | — |
| InterestExpenseNonoperatingUSD | 54,549Source | 112,075Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -47,414,942Source | -3,965,884Source | -58,946,381Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,935,624Source | -199,932Source | -2,332,352Source | -5,721,567Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -40,490,938Source |
| Nonoperating Income (Expense)USD | -33,767,897Source | 102,046Source | -58,313,729Source | -39,123,131Source |
| Operating Lease, Impairment LossUSD | 399,615Source | — | — | — |
| Other Nonoperating Income (Expense)USD | — | — | — | 1,153,568Source |
| Proceeds from Issuance of Common StockUSD | 2,614,983Source | — | 3,433,921Source | 6,213,000Source |
| Realized Investment Gains (Losses)USD | 3,208,972Source | 461,247Source | 11,375,747Source | 7,308,580Source |
| Unrealized Gain (Loss) on InvestmentsUSD | -58,393Source | 297,353Source | 6,607,215Source | -7,794,139Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 4,470,875Source | 21,115,899Source | 22,088,507Source | 4,480,442Source |
| Cost of RevenueUSD | 3,221,915Source | 12,782,624Source | 14,576,209Source | 3,731,990Source |
| Operating Income (Loss)USD | -15,150,583Source | -4,117,076Source | -2,872,654Source | -7,089,374Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 1,153,568Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -48,918,480Source | -4,015,030Source | -61,186,383Source | -46,212,505Source |
| Income Tax Expense (Benefit)USD | 432,086Source | 150,786Source | 92,350Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,935,624Source | -199,932Source | -2,332,352Source | -5,721,567Source |
| Net Income (Loss) Attributable to ParentUSD | -47,414,942Source | -3,965,884Source | -58,946,381Source | — |
| Earnings Per Share, BasicUSD per share | -2.22Source | -0.43Source | -6.52Source | -6.22Source |
| Earnings Per Share, DilutedUSD per share | -2.22Source | -0.43Source | -6.52Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 21,359,650Source | 9,235,119Source | 9,041,786Source | 6,513,453Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 21,359,650Source | 9,235,119Source | 9,041,786Source | — |
| Interest Expense (non-operating)USD | 54,549Source | 112,075Source | — | — |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 19,621,458Source | 25,232,975Source | 24,961,161Source | 11,569,816Source |
| Current Income Tax Expense (Benefit)USD | 432,086Source | 150,786Source | 92,350Source | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 502,497Source | -417,468Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,074,717Source | 1,056,206Source | 1,050,897Source | 882,814Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | 461,247Source | -11,375,747Source | -7,308,580Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,930,505Source | 3,039,135Source | -697,286Source | -547,845Source |
| General and Administrative ExpenseUSD | 15,009,471Source | 10,837,251Source | 9,529,100Source | 7,837,826Source |
| Gross ProfitUSD | 1,248,960Source | 8,333,275Source | 7,512,298Source | 748,452Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -48,918,480Source | -4,015,030Source | -61,186,383Source | -46,212,505Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,132,825Source | -3,234,851Source | -24,483,374Source | -685,533Source |
| Interest and Other IncomeUSD | — | — | — | 67,470Source |
| Interest ExpenseUSD | — | — | 3,979Source | 1,853Source |
| Management Fee ExpenseUSD | 142,560Source | 141,480Source | 137,340Source | 90,630Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -40,490,938Source |
| Nonoperating Income (Expense)USD | -33,767,897Source | 102,046Source | -58,313,729Source | -39,123,131Source |
| Other General ExpenseUSD | 16,399,543Source | 12,450,351Source | 10,384,952Source | 7,837,826Source |
| Other IncomeUSD | 2,300,000Source | — | — | — |
| Realized Investment Gains (Losses)USD | 3,208,972Source | 461,247Source | 11,375,747Source | 7,308,580Source |