AEI
Alset Inc.
Price Chart
Latest Quote
$1.36
| Previous Close | $1.46 |
| Open | $1.38 |
| Day High | $1.44 |
| Day Low | $1.36 |
| Volume | 12,571 |
Stock Information
| Shares Outstanding | 38.90M |
| Total Debt | $1.70M |
| Cash Equivalents | $30.76M |
| Revenue | $4.38M |
| Net Income | $-43.60M |
| Sector | Real Estate |
| Industry | Real Estate - Development |
| Market Cap | $52.90M |
| EPS (TTM) | $-1.56 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $32.20M |
| Sales | $4.38M |
| Income | $-43.60M |
| Book/sh | $3.07 |
| Cash/sh | $0.79 |
| Employees | 48 |
Financial Ratios
| Quick Ratio | 10.20 |
| Current Ratio | 10.92 |
| Debt/Eq | 1.33 |
Returns & Margins
| ROA | -7.37% |
| ROE | -42.44% |
| Gross Margin | 28.14% |
| Operating Margin | -270.44% |
Ownership
| Insider Ownership | 90.49% |
| Institutional Ownership | 5.84% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 12.07 |
| P/B | 0.44 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.64 |
| SMA50 | $1.68 |
| SMA200 | $2.34 |
| RSI | 26.97 |
| ATR | 0.1474 |
| Shares Float | 3.70M |
| Short Float | 3.80% |
| Short Ratio | 11.72 |
| Rel Volume | 0.84 |
Performance History
| Week | -12.82% |
| Month | -15.53% |
| Quarter | -12.26% |
| 6 Months | -55.99% |
| YTD | -60.12% |
| Year | +64.85% |
| 3 Years | -32.00% |
| 5 Years | -98.33% |
| 10 Years | -98.89% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-05 | $1.36 | 12,600 |
| 2026-06-04 | $1.46 | 14,100 |
| 2026-06-03 | $1.39 | 25,400 |
| 2026-06-02 | $1.51 | 21,900 |
| 2026-06-01 | $1.56 | 15,900 |
| 2026-05-29 | $1.56 | 7,800 |
| 2026-05-28 | $1.66 | 5,200 |
| 2026-05-27 | $1.66 | 14,900 |
| 2026-05-26 | $1.55 | 12,200 |
| 2026-05-22 | $1.58 | 11,300 |
| 2026-05-21 | $1.56 | 12,500 |
| 2026-05-20 | $1.64 | 12,900 |
| 2026-05-19 | $1.60 | 14,000 |
| 2026-05-18 | $1.64 | 7,500 |
| 2026-05-15 | $1.77 | 16,400 |
| 2026-05-14 | $1.82 | 7,000 |
| 2026-05-13 | $1.80 | 10,800 |
| 2026-05-12 | $1.89 | 16,200 |
| 2026-05-11 | $1.88 | 27,200 |
| 2026-05-08 | $1.83 | 33,600 |
| 2026-05-07 | $1.61 | 11,300 |
| 2026-05-06 | $1.61 | 19,700 |
About Alset Inc.
Alset Inc. engages in the real estate development business in the United States, Singapore, Hong Kong, Australia, Taiwan, South Korea, and the People's Republic of China. It operates through Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments. The Real Estate segment develops property projects and participates in third-party property development projects; and owns, operates, and manages real estate development projects, including land subdivision developments and home rental projects. The Digital Transformation Technology segment provides support, implementation, and development services with various technologies, including blockchain, e-commerce, social media, artificial intelligent customer service applications, and metaverse services. Its technology platform focuses on business-to-business solutions, such as communications and workflow through instant messaging systems, social media, e-commerce and payment systems, direct marketing platforms, e-real estate, brand protection, and counterfeit and fraud detection; mobile applications; product development; and other businesses that provides information technology services to end-users, service providers, and other commercial users through multiple platforms. The Biohealth segment develops, researches, tests, manufactures, licenses, and distributes biohealth products and services through retail, direct selling, network marketing, and e-commerce. The Other Business Activities segment provides corporate strategy and business development, food and beverage, asset management, corporate restructuring, and leveraged buy-out services; and operates cafes and restaurants, and a portfolio of trading securities. It also engages in consumer products business and financial services. The company was formerly known as Alset EHome International Inc. and changed its name to Alset Inc. in February 2021. The company was incorporated in 2018 and is headquartered in Bethesda, Maryland.
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $3,221,915 | $12,782,624 | $14,576,209 | $3,731,990 |
| Cost Of Revenue | $3,221,915 | $12,782,624 | $14,576,209 | $3,731,990 |
| Total Revenue | $4,470,875 | $21,115,899 | $22,088,507 | $4,480,442 |
| Operating Revenue | $2,829,270 | $19,608,184 | $21,004,536 | $3,912,194 |
| Expenses | ||||
| Interest Expense | $54,549 | $112,075 | $3,979 | $1,853 |
| Total Expenses | $18,231,386 | $23,619,875 | $24,105,309 | $11,569,816 |
| Other Income Expense | $-38,071,650 | $-2,065,722 | $-59,691,474 | $-38,738,748 |
| Other Non Operating Income Expenses | $2,762,659 | $224,060 | $2,277,107 | $1,153,568 |
| Net Non Operating Interest Income Expense | $2,913,681 | $554,668 | $521,893 | $-384,383 |
| Interest Expense Non Operating | $54,549 | $112,075 | $3,979 | $1,853 |
| Operating Expense | $15,009,471 | $10,837,251 | $9,529,100 | $7,837,826 |
| General And Administrative Expense | $15,009,471 | $10,837,251 | $9,529,100 | $7,837,826 |
| Total Other Finance Cost | - | - | - | $450,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-47,414,942 | $-3,965,884 | $-58,946,381 | $-40,490,938 |
| Net Interest Income | $2,913,681 | $554,668 | $521,893 | $-384,383 |
| Interest Income | $2,968,230 | $666,743 | $525,872 | $67,470 |
| Normalized Income | $-16,840,770 | $-4,712,489 | $-29,333,067 | $-1,284,155 |
| Net Income From Continuing And Discontinued Operation | $-47,414,942 | $-3,965,884 | $-58,946,381 | $-40,490,938 |
| Total Operating Income As Reported | $-15,150,583 | $-4,117,076 | $-2,872,654 | $-7,089,374 |
| Net Income Common Stockholders | $-47,414,942 | $-3,965,884 | $-58,946,381 | $-40,490,938 |
| Net Income | $-47,414,942 | $-3,965,884 | $-58,946,381 | $-40,490,938 |
| Net Income Including Noncontrolling Interests | $-49,350,566 | $-4,165,816 | $-61,278,733 | $-46,212,505 |
| Net Income Continuous Operations | $-49,350,566 | $-4,165,816 | $-61,278,733 | $-46,212,505 |
| Pretax Income | $-48,918,480 | $-4,015,030 | $-61,186,383 | $-46,212,505 |
| Special Income Charges | $-31,110,770 | $-1,613,100 | $-22,512,888 | $0 |
| Earnings From Equity Interest | $-2,132,825 | $-3,234,851 | $-24,483,374 | $-685,533 |
| Interest Income Non Operating | $2,968,230 | $666,743 | $525,872 | $67,470 |
| Operating Income | $-13,760,511 | $-2,503,976 | $-2,016,802 | $-7,089,374 |
| Gross Profit | $1,248,960 | $8,333,275 | $7,512,298 | $748,452 |
| Net Income Discontinuous Operations | - | - | - | - |
| Per Share | ||||
| Diluted EPS | $-2.22 | $-0.43 | $-6.52 | $-6.22 |
| Basic EPS | $-2.22 | $-0.43 | $-6.52 | $-6.22 |
| Other | ||||
| Tax Effect Of Unusual Items | $-8,127,312 | $198,464 | $-7,871,893 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-8,963,798 | $-3,619,888 | $-22,480,180 | $-6,040,792 |
| Total Unusual Items | $-38,701,484 | $945,069 | $-37,485,207 | $-39,206,783 |
| Total Unusual Items Excluding Goodwill | $-38,701,484 | $945,069 | $-37,485,207 | $-39,206,783 |
| Reconciled Depreciation | $1,198,649 | $1,228,136 | $1,217,017 | $963,077 |
| EBITDA (Bullshit earnings) | $-47,665,282 | $-2,674,819 | $-59,965,387 | $-45,247,575 |
| EBIT | $-48,863,931 | $-3,902,955 | $-61,182,404 | $-46,210,652 |
| Diluted Average Shares | $21,359,650 | $9,235,119 | $9,041,786 | $6,513,453 |
| Basic Average Shares | $21,359,650 | $9,235,119 | $9,041,786 | $6,513,453 |
| Diluted NI Availto Com Stockholders | $-47,414,942 | $-3,965,884 | $-58,946,381 | $-40,490,938 |
| Minority Interests | $1,935,624 | $199,932 | $2,332,352 | $5,721,567 |
| Tax Provision | $432,086 | $150,786 | $92,350 | $0 |
| Gain On Sale Of Business | $362,056 | $0 | - | - |
| Write Off | $31,472,826 | $1,613,100 | $855,852 | $0 |
| Gain On Sale Of Security | $-7,590,714 | $2,558,169 | $-14,972,319 | $-39,206,783 |
| Selling General And Administration | $15,009,471 | $10,837,251 | $9,529,100 | $7,837,826 |
| Other Gand A | $15,009,471 | $10,837,251 | $9,529,100 | $7,837,826 |
| Restructuring And Mergern Acquisition | - | $0 | $21,657,036 | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $121,075,369 | $81,331,066 | $108,585,423 | $137,653,966 |
| Total Assets | $136,587,114 | $96,761,977 | $126,314,028 | $153,490,336 |
| Total Non Current Assets | $91,308,748 | $37,001,635 | $70,852,793 | $58,068,169 |
| Non Current Prepaid Assets | $212,119 | $272,281 | $337,606 | $536,947 |
| Non Current Note Receivables | $1,617,770 | $0 | - | - |
| Investmentin Financial Assets | $3,769,570 | $0 | - | - |
| Current Assets | $45,278,366 | $59,760,342 | $55,461,235 | $95,422,167 |
| Restricted Cash | $107,982 | $939,939 | $967,566 | $694,520 |
| Prepaid Assets | $257,384 | $417,978 | $386,752 | $188,070 |
| Inventory | $6,215 | $4,913 | $5,561 | $35,020 |
| Receivables | $5,038,478 | $9,789,063 | $5,555,544 | $4,110,496 |
| Other Receivables | $2,354,100 | $6,251,219 | $2,576,454 | $446,798 |
| Notes Receivable | $1,478,463 | $1,679,822 | $1,693,946 | $3,617,176 |
| Loans Receivable | $1,148,913 | $1,782,376 | $1,207,627 | $0 |
| Accounts Receivable | $57,002 | $75,646 | $77,517 | $46,522 |
| Cash Cash Equivalents And Short Term Investments | $39,868,307 | $48,608,449 | $48,545,812 | $90,394,061 |
| Cash And Cash Equivalents | $25,184,990 | $27,243,787 | $26,921,727 | $17,827,383 |
| Cash Financial | $25,184,990 | $27,243,787 | $26,921,727 | $17,827,383 |
| Non Current Accounts Receivable | - | $3,970,149 | $4,855,609 | - |
| Goodwill And Other Intangible Assets | - | $0 | $60,343 | $0 |
| Other Non Current Assets | - | - | $21,252,639 | - |
| Debt | ||||
| Total Debt | $1,882,147 | $2,957,263 | $1,673,058 | $1,822,553 |
| Long Term Debt And Capital Lease Obligation | $990,834 | $1,086,525 | $952,396 | $1,582,483 |
| Long Term Debt | $658,799 | $93,241 | $126,182 | - |
| Current Debt And Capital Lease Obligation | $891,313 | $1,870,738 | $720,662 | $240,070 |
| Current Debt | $312,397 | $1,338,853 | $47,613 | $194,514 |
| Other Current Borrowings | $290,889 | $1,323,059 | $30,744 | $181,846 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $6,923,965 | $6,563,126 | $9,066,700 | $4,827,221 |
| Total Non Current Liabilities Net Minority Interest | $990,834 | $1,086,525 | $952,396 | $1,582,483 |
| Current Liabilities | $5,933,131 | $5,476,601 | $8,114,304 | $3,244,738 |
| Current Deferred Liabilities | $0 | $0 | $3,020,850 | $21,198 |
| Current Notes Payable | $21,508 | $15,794 | $16,869 | $12,668 |
| Payables And Accrued Expenses | $5,041,818 | $3,605,863 | $4,372,792 | $2,983,470 |
| Payables | $5,041,818 | $3,605,863 | $4,372,792 | $2,983,470 |
| Accounts Payable | $5,041,818 | $3,605,863 | $4,372,792 | $2,983,470 |
| Other Current Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $121,075,369 | $81,331,066 | $108,645,766 | $137,653,966 |
| Total Equity Gross Minority Interest | $129,663,149 | $90,198,851 | $117,247,328 | $148,663,115 |
| Stockholders Equity | $121,075,369 | $81,331,066 | $108,645,766 | $137,653,966 |
| Gains Losses Not Affecting Retained Earnings | $168,802 | $-849,862 | $3,609,719 | $3,836,063 |
| Other Equity Adjustments | $168,802 | $-849,862 | $3,609,719 | $3,836,063 |
| Retained Earnings | $-299,266,482 | $-251,851,540 | $-247,885,656 | $-188,724,411 |
| Long Term Equity Investment | $55,115,468 | $0 | - | - |
| Other | ||||
| Treasury Shares Number | $505,956 | - | $0 | - |
| Ordinary Shares Number | $38,895,830 | $9,235,119 | $9,235,119 | $7,422,846 |
| Share Issued | $39,401,786 | $9,235,119 | $9,235,119 | $7,422,846 |
| Tangible Book Value | $121,075,369 | $81,331,066 | $108,585,423 | $137,653,966 |
| Invested Capital | $122,046,565 | $82,763,160 | $108,819,561 | $137,848,480 |
| Working Capital | $39,345,235 | $54,283,741 | $47,346,931 | $92,177,429 |
| Capital Lease Obligations | $910,951 | $1,525,169 | $1,499,263 | $1,628,039 |
| Total Capitalization | $121,734,168 | $81,424,307 | $108,771,948 | $137,653,966 |
| Minority Interest | $8,587,780 | $8,867,785 | $8,601,562 | $11,009,149 |
| Treasury Stock | $1,004,875 | $0 | - | - |
| Additional Paid In Capital | $421,138,522 | $334,023,233 | $332,455,457 | $322,534,891 |
| Capital Stock | $39,402 | $9,235 | $20,466,246 | $7,423 |
| Common Stock | $39,402 | $9,235 | $20,466,246 | $7,423 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $332,035 | $993,284 | $826,214 | $1,582,483 |
| Current Deferred Revenue | $0 | $0 | $2,100 | $21,198 |
| Current Capital Lease Obligation | $578,916 | $531,885 | $673,049 | $45,556 |
| Investments And Advances | $58,885,038 | $0 | - | - |
| Available For Sale Securities | $3,769,570 | - | - | - |
| Investment Properties | $29,620,952 | $30,695,669 | $42,137,152 | $54,618,729 |
| Net PPE | $972,869 | $2,063,536 | $2,209,444 | $2,912,493 |
| Gross PPE | $972,869 | $2,063,536 | $2,209,444 | $2,912,493 |
| Other Properties | $477,912 | $594,623 | $742,072 | $2,912,493 |
| Buildings And Improvements | $494,957 | $1,468,913 | $1,467,372 | - |
| Properties | $0 | $0 | $0 | - |
| Other Short Term Investments | $14,683,317 | $21,364,662 | $21,624,085 | $72,566,678 |
| Goodwill | - | $0 | $60,343 | $0 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-6,102,996 | $5,053,298 | $7,449,718 | $-32,455,085 |
| Operating Activities | ||||
| Operating Cash Flow | $-5,927,532 | $5,156,047 | $7,478,823 | $-31,855,435 |
| Cash Flow From Continuing Operating Activities | $-5,927,532 | $5,156,047 | $7,478,823 | $-31,855,435 |
| Operating Gains Losses | $6,910,246 | $-265,531 | $36,053,910 | $8,959,426 |
| Cash From Discontinued Operating Activities | - | - | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-175,464 | $-102,749 | $-29,105 | $-599,650 |
| Investing Cash Flow | $2,250,903 | $17,468,306 | $-2,128,986 | $-15,123,041 |
| Cash Flow From Continuing Investing Activities | $2,250,903 | $17,468,306 | $-2,128,986 | $-15,123,041 |
| Net Other Investing Changes | $-1,718,208 | $18,385,213 | $-665,643 | $627,150 |
| Cash From Discontinued Investing Activities | - | - | - | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-1,004,875 | $-21,102,871 | $0 | - |
| Issuance Of Capital Stock | $2,614,983 | $0 | $3,433,921 | $6,213,000 |
| Financing Cash Flow | $1,100,198 | $-21,419,083 | $3,187,489 | $6,057,481 |
| Cash Flow From Continuing Financing Activities | $1,100,198 | $-21,419,083 | $3,187,489 | $6,057,481 |
| Net Common Stock Issuance | $1,610,108 | $-21,102,871 | $3,433,921 | $6,213,000 |
| Common Stock Issuance | $2,614,983 | $0 | $3,433,921 | $6,213,000 |
| Cash Dividends Paid | - | $0 | $-214,933 | $0 |
| Preferred Stock Dividend Paid | - | - | - | $0 |
| Cash From Discontinued Financing Activities | - | - | - | - |
| Net Other Financing Charges | - | - | - | - |
| Other | ||||
| Repayment Of Debt | $-582,121 | $-446,260 | $-31,499 | $-279,152 |
| Issuance Of Debt | $72,211 | $130,048 | $0 | $123,633 |
| Interest Paid Supplemental Data | $11,616 | $40,489 | $3,979 | $1,853 |
| Income Tax Paid Supplemental Data | $47,472 | $0 | $0 | $0 |
| End Cash Position | $25,292,972 | $28,183,726 | $27,889,293 | $18,521,903 |
| Beginning Cash Position | $28,183,726 | $27,889,293 | $18,521,903 | $60,802,179 |
| Effect Of Exchange Rate Changes | $-314,323 | $-910,837 | $830,064 | $-1,359,281 |
| Changes In Cash | $-2,576,431 | $1,205,270 | $8,537,326 | $-40,920,995 |
| Common Stock Payments | $-1,004,875 | $-21,102,871 | $0 | - |
| Net Issuance Payments Of Debt | $-509,910 | $-316,212 | $-31,499 | $-155,519 |
| Net Long Term Debt Issuance | $-509,910 | $-316,212 | $-31,499 | $-279,152 |
| Long Term Debt Payments | $-582,121 | $-446,260 | $-31,499 | $-279,152 |
| Long Term Debt Issuance | $72,211 | $130,048 | $0 | $123,633 |
| Net Investment Purchase And Sale | $4,184,575 | $0 | $-756,078 | $-8,325,811 |
| Sale Of Investment | $4,184,575 | $0 | $0 | $103,809 |
| Net Business Purchase And Sale | $-40,000 | $-814,158 | - | $0 |
| Purchase Of Business | $-40,000 | $-814,158 | - | $0 |
| Net PPE Purchase And Sale | $-175,464 | $-102,749 | $-29,105 | $-599,650 |
| Purchase Of PPE | $-175,464 | $-102,749 | $-29,105 | $-599,650 |
| Change In Working Capital | $-1,740,483 | $4,618,456 | $4,982,309 | $-26,860,013 |
| Change In Other Current Liabilities | $-732,922 | $-1,139,793 | $-1,124,401 | $-638,006 |
| Change In Other Current Assets | $-11,083,406 | $-2,095,867 | $-752,406 | $-7,510,442 |
| Change In Payables And Accrued Expense | $1,703,774 | $-260,146 | $314,309 | $-9,535,319 |
| Change In Prepaid Assets | $247,736 | $88,463 | $48,340 | $104,569 |
| Change In Inventory | $412 | $10,367,102 | $13,115,081 | $-8,228,323 |
| Change In Receivables | $8,123,923 | $-2,339,203 | $-6,599,900 | $-313,794 |
| Changes In Account Receivables | $8,849 | $1,871 | $217,178 | $-221,869 |
| Other Non Cash Items | $691,912 | $1,185,489 | $22,749,182 | $-55,778 |
| Stock Based Compensation | $2,420,125 | $0 | - | $0 |
| Unrealized Gain Loss On Investment Securities | $2,451,237 | $942,213 | $2,899,286 | $31,350,358 |
| Asset Impairment Charge | $31,491,348 | $1,613,100 | $855,852 | $0 |
| Depreciation Amortization Depletion | $1,198,649 | $1,228,136 | $1,217,017 | $963,077 |
| Depreciation And Amortization | $1,198,649 | $1,228,136 | $1,217,017 | $963,077 |
| Depreciation | $1,198,649 | $1,228,136 | $1,217,017 | $963,077 |
| Earnings Losses From Equity Investments | $2,132,825 | $3,234,851 | $24,483,374 | $685,533 |
| Gain Loss On Investment Securities | $3,208,972 | $-461,247 | $10,873,250 | $7,726,048 |
| Net Foreign Currency Exchange Gain Loss | $1,930,505 | $-3,039,135 | $697,286 | $547,845 |
| Gain Loss On Sale Of Business | $-362,056 | $0 | - | - |
| Net Income From Continuing Operations | $-49,350,566 | $-4,165,816 | $-61,278,733 | $-46,212,505 |
| Purchase Of Investment | - | $-814,158 | $-756,078 | $-8,429,620 |
| Net Investment Properties Purchase And Sale | - | $0 | $-678,160 | $-6,824,730 |
| Purchase Of Investment Properties | - | $0 | $-678,160 | $-6,824,730 |
| Change In Other Working Capital | - | $-2,100 | $-18,714 | $-738,698 |
| Net Short Term Debt Issuance | - | - | $0 | $123,633 |
| Short Term Debt Issuance | - | - | $0 | $123,633 |
| Change In Payable | - | - | $314,309 | $-9,535,319 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |
| Change In Account Payable | - | - | - | $-9,535,319 |
| Change In Tax Payable | - | - | - | - |
| Change In Income Tax Payable | - | - | - | - |