Revenue growth has contracted to -25.7% in 2025Q2, while gross margins have significantly compressed from 25.8% in 2023Q4 to 14.7% in 2025Q2.
| Sales/Revenue | 112.84M | 128.93M | 149M | 145.26M | 117.32M | 71.28M |
| Revenue Growth % | -13.26% | -13.47% | 2.58% | 23.81% | 64.6% | - |
| Cost of Goods Sold | 98.95M | 117.13M | 111.99M | 112.72M | 90.93M | 56.93M |
| COGS % of Revenue | - | 90.84% | 75.16% | 77.6% | 77.5% | 79.87% |
| Gross Profit | 13.88M | 11.8M | 37.01M | 32.54M | 26.4M | 14.35M |
| Gross Margin % | 12.3% | 9.16% | 24.84% | 22.4% | 22.5% | 20.13% |
| Gross Profit Growth % | - | -68.1% | 13.74% | 23.26% | 83.93% | - |
| Operating Expenses | 13.2M | 20.63M | 23.69M | 22.39M | 15.25M | 7.76M |
| OpEx % of Revenue | - | 16% | 15.9% | 15.42% | 13% | 10.89% |
| Selling, General & Admin | 13.2M | 18.55M | 23.69M | 22.39M | 15.25M | 7.76M |
| SG&A % of Revenue | - | 14.39% | 15.9% | 15.42% | 13% | 10.89% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 2.08M | 0 | 0 | 0 | 0 |
| Operating Income | 686.21K | -8.83M | 13.32M | 10.14M | 11.14M | 6.59M |
| Operating Margin % | 0.61% | -6.84% | 8.94% | 6.98% | 9.5% | 9.25% |
| Operating Income Growth % | - | -166.25% | 31.33% | -8.98% | 69.09% | - |
| EBITDA | 902.65K | -7.99M | 14.2M | 10.56M | 11.27M | 6.7M |
| EBITDA Margin % | 0.8% | -6.2% | 9.53% | 7.27% | 9.6% | 9.4% |
| EBITDA Growth % | 135.93% | -156.25% | 34.48% | -6.28% | 68.25% | - |
| D&A (Non-Cash Add-back) | 216.44K | 836.69K | 880.42K | 417.55K | 125.6K | 107.7K |
| EBIT | 686.21K | -9.19M | 12.53M | 9.99M | 10.84M | 7.27M |
| Net Interest Income | -253.93K | -403.17K | -842.25K | -612.55K | -787.53K | -313.39K |
| Interest Income | -253.93K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 403.17K | 842.25K | 612.55K | 787.53K | 313.39K |
| Other Income/Expense | -115.08K | -766.79K | -1.63M | -770.05K | -1.09M | 364.09K |
| Pretax Income | 571.13K | -9.59M | 11.69M | 9.37M | 10.06M | 6.95M |
| Pretax Margin % | 0.51% | -7.44% | 7.85% | 6.45% | 8.57% | 9.76% |
| Income Tax | 1.82M | -2.17M | 1.94M | 1.47M | 1.36M | 1.01M |
| Effective Tax Rate % | 319.04% | 22.65% | 16.6% | 15.68% | 13.53% | 14.55% |
| Net Income | 2.34M | -7.42M | 9.75M | 7.9M | 8.7M | 5.94M |
| Net Margin % | 2.07% | -5.75% | 6.54% | 5.44% | 7.41% | 8.34% |
| Net Income Growth % | 209.6% | -176.1% | 23.36% | -9.11% | 46.34% | - |
| Net Income (Continuing) | -1.25M | -7.42M | 9.75M | 7.9M | 8.7M | 5.94M |
| Discontinued Operations | 2M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.05 | -0.18 | 0.24 | 0.20 | 0.23 | 0.14 |
| EPS Growth % | 38.92% | -175% | 20% | -13.04% | 64.29% | - |
| EPS (Basic) | - | -0.18 | 0.24 | 0.18 | 0.21 | 0.14 |
| Diluted Shares Outstanding | 49.39M | 41.76M | 39.45M | 37.73M | 37.73M | 42.36M |
| Basic Shares Outstanding | 1.01B | 41.76M | 40.75M | 42.36M | 42.36M | 42.36M |
| Dividend Payout Ratio | - | - | 0.59% | 87.89% | 30.26% | - |
Revenue concentration and churn
According to the latest financial data, Able View Inc. has experienced a sustained decline in top-line performance, with revenue growth falling to -25.7% in 2025Q2, signaling a significant erosion of the company's market position within the competitive Chinese beauty and personal care e-commerce landscape.
The consistent negative growth trajectory suggests that the company is struggling to retain its core brand partners or is losing share to more agile competitors. This downward trend implies that the firm's reliance on a narrow portfolio of international brands makes it highly susceptible to shifts in consumer preference toward domestic alternatives.
As reported in recent income statements, gross margins have fluctuated significantly, dropping from 25.8% in late 2023 to 14.7% by mid-2025, which highlights the company's limited pricing power and the high variable cost nature of its distribution-heavy business model in a crowded market.
The compression in gross margins indicates that the company is likely absorbing higher platform fees or discounting inventory to maintain volume, which is unsustainable. This volatility suggests that the firm lacks a durable moat, as it appears unable to pass through rising customer acquisition costs to its brand partners.
Based on the provided quarterly figures, Able View's operating leverage has turned deeply negative, with SG&A expenses frequently outpacing gross profit, resulting in operating margins that dipped as low as -12.8% in early 2024 before showing only modest, potentially temporary, signs of stabilization.
The inability to scale operating income alongside revenue suggests that the company's cost structure is too rigid for its current revenue base. Investors should monitor whether the recent improvement in operating margin is a result of genuine efficiency gains or merely a reduction in discretionary marketing spend that could hinder future growth.
Financial statements indicate that Able View's reliance on a principal-based distribution model creates significant inventory risk, as evidenced by the sharp revenue declines and margin instability that suggest the company may be struggling to adapt to the evolving demands of the Chinese social commerce ecosystem.
Short-sellers would likely focus on the company's inability to maintain consistent profitability, which raises questions about the long-term viability of its current service-fee versus distribution-heavy revenue mix. The lack of R&D investment further implies that the firm may be falling behind in the technological capabilities required to compete with larger, more integrated e-commerce service providers.
Quick answers to the most common questions about buying ABLV stock.
For fiscal year 2024, Able View Inc. (ABLV) reported total revenue of $128.9M. This represents a 80.9% increase compared to $71.3M in 2020.
Able View Inc. (ABLV) reported a net loss of $7.4M for the fiscal year ending 2024.
Able View Inc. (ABLV) reported an operating income of $-8.8M, resulting in an operating profit margin of -6.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Able View Inc. (ABLV) generated $11.8M in gross profit for the year, representing a gross profit margin of 9.2%. This demonstrates the company's core pricing power and production efficiency.