Alset Inc.
AEINasdaqReal Estate · Real Estate · TX · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $21.1M | $22.1M | $4.5M | $19.8M | $16.2M |
| Operating income | −$15.2M | −$4.1M | −$2.9M | −$7.1M | −$15.0M | −$1.7M |
| Net income | −$47.4M | −$4.0M | −$58.9M | −$40.5M | −$119.0M | −$4.4M |
| Total assets | $136.6M | $96.8M | $126.3M | $153.5M | $184.2M | $103.3M |
| Total liabilities | $6.9M | $6.6M | $9.1M | $4.8M | $13.9M | $8.6M |
| Equity | $121.1M | $81.3M | $88.2M | $137.7M | $148.4M | $57.1M |
| EPS (diluted) | $-2.22 | $-0.43 | $-6.52 | $-6.22 | $-73.85 | — |
| Shares out. | 10.7M | 9.2M | 9.2M | 113.2M | 8.6M | 8.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −338.9%
- Net margin
- −1060.5%
- Return on equity
- −39.2%
- Return on assets
- −34.7%
- Return on capital (ROCE)
- −11.6%
- Liabilities / assets
- 5.1%
- Debt / equity
- 0.06×
- Book value / share
- $11.28
- Revenue growth (YoY)
- −78.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 12.36safe
- Accruals / assets
- −30.4%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 4 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 18, 2021
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2021
- NT 10-Qmissed a reporting deadline ↗Dec 29, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Chan Heng Fai AmbroseActivist (13D)Sep 16, 2025
- Cvi Investments, Inc.Passive (13G)May 12, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chan Heng Fai AmbroseOfficer — Chief Executive Officer | Mar 30, 2026 | Sell | 100,390 | $0.98 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 140,400 | 8.6 | -6.4% |
| Apr 30, 2026 | 150,051 | 19.1 | +0.6% |
| Apr 15, 2026 | 149,121 | 13.2 | -4.5% |
| Mar 31, 2026 | 156,167 | 6.0 | -1.8% |
| Mar 13, 2026 | 159,037 | 11.3 | -7.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreementMay 7, 2026
- Entered a material agreementMar 30, 2026
- Entered a material agreementFeb 6, 2026
- Shareholder voteDec 4, 2025
- Regulation FD disclosureSep 30, 2025
- Completed an acquisition or disposition · New financial obligation · Unregistered equity saleJul 23, 2025
- Other material eventJul 18, 2025
- Changed auditorJul 2, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.