The company's financial position appears increasingly vulnerable, as total assets have eroded from $136.1 million in 2023Q1 to $64.4 million in 2025Q2.
| Total Current Assets | 55.44M | 52.3M | 87.12M | 116.82M | 87.32M | 6.2M | 7.31M | 8.4M | 21.54M | 8.57M | 11.26K |
| Cash & Short-Term Investments | 6.49M | 1.17M | 2.82M | 4.07M | 18.41M | 664.61K | 2.08M | 7.87M | 7.94M | 4.26M | 8.99K |
| Cash Only | 532.85K | 1.17M | 1.6M | 4.07M | 18.41M | 664.61K | 2.08M | 7.87M | 7.7M | 4.22M | 8.99K |
| Short-Term Investments | 5.96M | 0 | 1.22M | 0 | 0 | 0 | 0 | 0 | 241.34K | 40.72K | 0 |
| Accounts Receivable | 31.43M | 17.57M | 8.64M | 94.36M | 3.05M | 516.61K | 66.53K | 0 | 583.31K | 3.12M | 0 |
| Days Sales Outstanding | 176.4 | 200.1 | 33.93 | 169.57 | 30.3 | 3.54K | 34.22 | - | 16.98 | 165.31 | - |
| Inventory | 9.44M | 27.17M | 5.5M | 3.92M | 22.43M | 0 | -680.51K | 0 | 13.01M | 1.14M | 0 |
| Days Inventory Outstanding | 162.85 | 393.75 | 22.63 | 7.3 | 271.92 | - | - | - | 1.34K | 180.18 | - |
| Other Current Assets | 8.08M | 7.45M | 1.57K | 224.16K | 46.55K | 4.97M | 721.28K | 0 | 15.95M | 940.78K | 2.27K |
| Total Non-Current Assets | 8.97M | 9.06M | 10.43M | 8.41M | 701.62K | 29.43K | 7.21M | 452.05K | 3.2M | 1.9M | 0 |
| Property, Plant & Equipment | 8.4K | 8.53K | 649.93K | 1.18M | 563.95K | 19.32K | 75.39K | 97.93K | 99.63K | 75.64K | 0 |
| Fixed Asset Turnover | 5730.64x | 3755.86x | 142.95x | 171.78x | 65.09x | 2.76x | 9.41x | 52.20x | 125.88x | 91.00x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 7.12M | 0 | 0 | 0 | 0 |
| Intangible Assets | 26.79K | 32.53K | 44.01K | 55.49K | 8.63K | 10.11K | 11.59K | 13.07K | 3.1M | 1.75M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | -8.63K | 0 | 0 | 341.05K | 241.34K | 40.72K | 0 |
| Other Non-Current Assets | 8.93M | 6.31M | 0 | 0 | 8.63K | 0 | 0 | 0 | 498.74K | 75.53K | 0 |
| Total Assets | 64.41M | 61.37M | 97.55M | 125.23M | 89.3M | 6.11M | 14.51M | 8.85M | 24.75M | 10.47M | 11.26K |
| Asset Turnover | 0.77x | 0.52x | 0.95x | 1.62x | 0.41x | 0.01x | 0.05x | 0.58x | 0.51x | 0.66x | - |
| Asset Growth % | -92.04% | -37.09% | -22.11% | 40.23% | 1360.41% | -57.87% | 64.01% | -64.24% | 136.33% | 92867.82% | - |
| Total Current Liabilities | 28.66M | 39.49M | 77.98M | 94.52M | 62.82M | 2.54M | 2.66M | 3.13M | 16.63M | 6.22M | 155.67K |
| Accounts Payable | 7.02M | 12.91M | 21.81M | 64.5M | 14.12M | 4.97K | 3.21K | 79.65K | 12.96K | 168.08K | 0 |
| Days Payables Outstanding | 88.64 | 187.08 | 89.7 | 120.23 | 171.11 | 47.11 | 4.82 | 17.59 | 1.34 | 26.67 | - |
| Short-Term Debt | 2.17M | 2.2M | 9.43M | 8.09M | 1.57M | 714.44K | 609.18K | 1.35M | 1.3M | 3.66M | 37.23K |
| Deferred Revenue (Current) | 539 | 539 | 30.17M | 4.61M | 42.27M | 0 | 67.48K | -1.35M | 15.21M | 201.83K | 0 |
| Other Current Liabilities | 16.03M | 4.27M | 0 | 0 | 4.35M | 0 | 233.85K | 0 | 14.22M | 20.6K | 118.44K |
| Current Ratio | 1.93x | 1.32x | 1.12x | 1.24x | 1.39x | 2.44x | 2.74x | 2.68x | 1.30x | 1.38x | 0.07x |
| Quick Ratio | 1.61x | 0.64x | 1.05x | 1.19x | 1.03x | 2.44x | 3.00x | 2.68x | 0.51x | 1.20x | 0.07x |
| Cash Conversion Cycle | 250.61 | 406.77 | -33.14 | 56.64 | 131.11 | - | - | - | 1.36K | 318.82 | - |
| Total Non-Current Liabilities | 0 | 16.54K | 133.12K | 266.21K | 147.81K | 0 | 0 | 0 | 16.63M | 6.22M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 73.6K | 167.43K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | -98.78K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 16.54K | 0 | 98.78K | 0 | 0 | 0 | 0 | 0 | -201.83K | 0 |
| Total Liabilities | 28.66M | 39.5M | 78.11M | 94.79M | 64.27M | 2.42M | 2.66M | 3.13M | 16.63M | 6.22M | 155.67K |
| Total Debt | 2.17M | 2.2M | 9.58M | 8.42M | 1.62M | 714.44K | 609.18K | 1.35M | 1.3M | 3.66M | 37.23K |
| Net Debt | 1.64M | -1.17M | 7.98M | -3.74M | -16.79M | 49.83K | -1.47M | -6.52M | -6.4M | -567.89K | 28.24K |
| Debt / Equity | 0.06x | 0.10x | 0.49x | 0.28x | 0.06x | 0.19x | 0.05x | 0.24x | 0.16x | 0.86x | - |
| Debt / EBITDA | 0.11x | 0.37x | - | 0.65x | 0.32x | - | - | - | 0.24x | 1.48x | 0.49x |
| Net Debt / EBITDA | 0.08x | -0.20x | - | -0.29x | -3.33x | - | - | - | -1.20x | -0.23x | 0.38x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 35.76M | 21.86M | 19.43M | 30.44M | 25.03M | 3.69M | 11.85M | 5.72M | 8.12M | 4.25M | -144.41K |
| Equity Growth % | 1478.47% | 12.52% | -36.17% | 21.61% | 577.94% | -68.84% | 107.23% | -29.55% | 91.11% | 3041.39% | - |
| Book Value per Share | 26.08 | 45.07 | 40.06 | 62.76 | 58.19 | 8.47 | 27.82 | 13.65 | 18.96 | 9.92 | -0.22 |
| Total Shareholders' Equity | 35.76M | 21.86M | 19.43M | 30.44M | 25.03M | 3.69M | 11.85M | 5.72M | 8.12M | 4.25M | -144.41K |
| Common Stock | 100.81K | 26.36K | 26.36K | 26.36K | 26.36K | 28.46K | 28.89K | 33.22K | 31.91K | 31.91K | 10 |
| Retained Earnings | 2.96M | 5.42M | 2.3M | 9.74M | -1.48M | -4.95M | -3.88M | -2.31M | 6.1M | 2.2M | -150.62K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.48M | -10.09M | -9.74M | -5.83M | 476.83K | 243.7K | 398.47K | 303.41K | 18.49K | 48.15K | 6.2K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and insolvency risk
As reported in historical balance sheet data, AGMH has seen its total assets decline from $136.1 million in 2023Q1 to $64.4 million by 2025Q2, signaling a significant contraction in the company's operational footprint and a potential loss of scale in its core hardware distribution business.
The consistent downward trend in total assets suggests that the company is struggling to maintain its market position amidst a volatile crypto-mining environment. This contraction appears to reflect a shrinking business model rather than a strategic divestment, which warrants caution regarding the firm's long-term viability.
Based on the most recent quarterly filings, AGMH's cash position has dwindled to just $532.8 thousand, a stark reduction from the $3.7 million reported in 2023Q1, which leaves the company with minimal liquidity to navigate operational shocks or fund necessary research and development initiatives.
With a current ratio of 1.93, the company appears to have sufficient short-term assets to cover immediate liabilities, yet the absolute cash balance is alarmingly low for a technology firm. This lack of a meaningful liquidity buffer suggests that any further revenue volatility could quickly lead to a solvency crisis.
According to the provided financial statements, retained earnings have shifted from a positive $26.2 million in 2023Q1 to $3.0 million in 2025Q2, illustrating how persistent operational losses have significantly eroded the company's equity base and diminished shareholder value over the observed period.
The volatility in equity, including a period of negative retained earnings, suggests that the company has failed to generate consistent internal capital to support its operations. Investors should monitor whether the current equity level can be sustained without further dilution or external financing, which appears increasingly likely.
As indicated by the balance sheet, the near-total disappearance of net property, plant, and equipment, which fell from $843.3 thousand in 2023Q1 to $8.4 thousand in 2025Q2, suggests that the company has effectively abandoned its physical infrastructure, leaving it highly dependent on third-party hardware supply chains.
This shift away from tangible assets implies that AGMH is operating as a pure-play intermediary, which increases its vulnerability to supplier disruptions and reduces its control over product quality. The lack of investment in PPE may also signal that management is prioritizing short-term survival over building a sustainable, asset-backed competitive advantage.
Quick answers to the most common questions about buying AGMH stock.
As of 2024, AGM Group Holdings Inc. (AGMH) had total assets of $61.4M including $52.3M in current assets.
AGM Group Holdings Inc. (AGMH) carries total debt of $2.2M, offset by $1.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AGM Group Holdings Inc. (AGMH) has total shareholders' equity (book value) of $21.9M ($45.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AGM Group Holdings Inc. (AGMH) reported a current ratio of 1.32x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.