AMTD Digital Inc.(HKD)Earnings, Financials & Key Ratios

HKD•NYSE

$1.75

$345M mkt cap·7.6× P/E·Price updated May 6, 2026

SectorTechnology IndustryApplication Software Sub-IndustryFinancial services and insurance software

AboutAMTD Digital Inc. designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions. It offers digital banking and insurance technology platforms for consumers and small and medium-sized enterprises; and SpiderNet ecosystem, a platform to enhance their investor communication, investor relations, and corporate communication to enhance their valuation. The company's platform monitors portfolio companies, such as tracking of business and technology development, competitive landscape, latest technological trends, and economic risks, and financial analysis. The company was incorporated in 2019 and is based in Central, Hong Kong. AMTD Digital Inc. operates as a subsidiary of AMTD IDEA GroupShow more

Revenue$23M-94.0%
EBITDA$18M-94.4%
Net Income$44M-91.1%
EPS (Diluted)0.23-91.2%
Gross Margin78.43%-10.5%
EBITDA Margin75.73%-6.9%
Operating Margin51.67%-31.7%
Net Margin189.54%+48.1%
ROE2.85%-90.1%
ROIC0.59%-95.8%
Debt/Equity1.62+521.6%
Interest Coverage1.17

Technical→

HKD Key Insights

AMTD Digital Inc. (HKD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓FCF machine: 17.4% free cash flow margin
✓Healthy 5Y average net margin of 119.9%

✗Weaknesses

✗Profits declining 21.7% over 5 years
✗Weak Piotroski F-Score: 2/9
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 32.5% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HKD Price & Volume

AMTD Digital Inc. (HKD) stock price & volume — 10-year historical chart

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HKD Growth Metrics

AMTD Digital Inc. (HKD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-32.52%

3 Years-58.63%

TTM-

Profit CAGR

10 Years-

5 Years-21.73%

3 Years-40.94%

TTM-

EPS CAGR

10 Years-

5 Years-23.19%

3 Years-43.27%

TTM-

Return on Capital

10 Years7.54%

5 Years6.42%

3 Years6.16%

Last Year0.73%

HKD Recent Earnings

AMTD Digital Inc. (HKD) EPS & revenue vs analyst estimates — last 1 quarters

Full history →

Q1 2026Latest

Feb 27, 2026

EPS

$0.09

Revenue

$25M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 27, 2026	$0.09	$25M

Based on last 1 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
FUTUFutu Holdings LimitedDirect Competitor	59.73B	168.00	33.86	35.79%		26.38%	0.31
UPWheels Up Experience Inc.Direct Competitor	217.73M	6.01	-0.72	-7.02%	-39.95%
TIGRUP Fintech Holding Ltd. Sponsored ADR Class ADirect Competitor	676.45M	6.93	19.25	43.68%		17.64%	0.27
NOAHNoah Holdings LimitedProduct Competitor	154.19M	10.94	2.21	-21.06%		6.6%	0.01
CNFCNFinance Holdings LimitedProduct Competitor	1.03M	3.06	-0.02	-60.88%		-1.25%	1.18
OCFTOneConnect Financial Technology Co., Ltd.Product Competitor	307.7M	7.89	-0.63	-38.7%	-41.46%	-28.12%	0.02
JFINJiayin Group Inc.Product Competitor	532.44M	4.93	1.69	6.11%	26.17%	39.74%	0.02
QFINQfin Holdings, Inc.Product Competitor	3.9B	13.75	2.24	5.38%		28.76%	0.07

Compare HKD vs Peers

AMTD Digital Inc. (HKD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FUTU

Most directly comparable listed peer for HKD.

Scale Benchmark

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Larger-name benchmark to compare HKD against a more recognizable public peer.

Peer Set

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vs FUTU, UP, TIGR, NOAH

HKD Income Statement

AMTD Digital Inc. (HKD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Apr'19	Apr'20	Apr'21	Apr'22	Apr'23	Oct'23	Oct'24	TTM
Sales/Revenue	14.55M	167.52M	196.05M	331.23M	33.07M	390.51M	23.45M	89.54M
Revenue Growth %	-	1051.15%	17.03%	68.95%	-90.02%	1081.01%	-94%	-
Cost of Goods Sold	9.17M	15.17M	48.08M	72.92M	9.87M	48.11M	5.06M	32.12M
COGS % of Revenue	63%	9.05%	24.53%	22.01%	29.84%	12.32%	21.57%	-
Gross Profit	5.38M▲ 0%	152.36M▲ 2729.5%	25.25M▼ 83.4%	125.37M▲ 396.5%	23.2M▼ 81.5%	342.4M▲ 1376.0%	18.39M▼ 94.6%	57.42M▲ 0%
Gross Margin %	37%	90.95%	12.88%	37.85%	70.16%	87.68%	78.43%	64.13%
Gross Profit Growth %	-	2729.54%	-83.43%	396.49%	-81.5%	1376%	-94.63%	-
Operating Expenses	16.59M	29.66M	8.56M	95.32M	6.68M	46.97M	6.28M	87.15M
OpEx % of Revenue	114%	17.71%	4.36%	28.78%	20.19%	12.03%	26.76%	-
Selling, General & Admin	4.19M	6.69M	7.4M	3.53M	13.41M	46.97M	575K	15.92M
SG&A % of Revenue	28.8%	3.99%	3.78%	1.07%	40.57%	12.03%	2.45%	-
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	12.4M	22.97M	1.15M	91.79M	-6.74M	0	5.7M	2M
Operating Income	521.95K▲ 0%	144.02M▲ 27492.9%	133.4M▼ 7.4%	224.78M▲ 68.5%	14.63M▼ 93.5%	295.43M▲ 1919.4%	12.12M▼ 95.9%	30.03M▲ 0%
Operating Margin %	3.59%	85.97%	68.04%	67.86%	44.24%	75.65%	51.67%	33.54%
Operating Income Growth %	-	27492.9%	-7.38%	68.5%	-93.49%	1919.37%	-95.9%	-
EBITDA	-7	0	138.3M	231.42M	16.62M	317.53M	17.76M	33.8M
EBITDA Margin %	0%	-	70.54%	69.87%	50.26%	81.31%	75.73%	37.75%
EBITDA Growth %	-	100%	-	67.33%	-92.82%	1810.78%	-94.41%	-
D&A (Non-Cash Add-back)	-521.95K	-144.02M	4.9M	6.64M	1.99M	22.1M	5.64M	3.77M
EBIT	152.21K	18.8M	125.21M	218.14M	45.82M	222.49M	52.79M	12.56M
Net Interest Income	22.31K	0	18K	743K	14.75M	87.41M	9.69M	23.23M
Interest Income	22.31K	0	18K	743K	15.95M	87.41M	20.02M	23.23M
Interest Expense	0	0	0	0	1.2M	0	10.33M	0
Other Income/Expense	2.3M	-120.53M	63.18M	1.77M	30M	217.54M	30.34M	151.3M
Pretax Income	22.15M▲ 0%	182.02M▲ 721.8%	196.49M▲ 7.9%	226.52M▲ 15.3%	44.63M▼ 80.3%	512.98M▲ 1049.5%	42.46M▼ 91.7%	166.1M▲ 0%
Pretax Margin %	152.2%	108.65%	100.22%	68.39%	134.96%	131.36%	181.08%	185.51%
Income Tax	606.94K	23.71M	24.64M	3.03M	4.49M	31.16M	785K	12.57M
Effective Tax Rate %	2.74%	13.03%	12.54%	1.34%	10.05%	6.07%	1.85%	7.57%
Net Income	17.6M▲ 0%	151.34M▲ 759.9%	178.09M▲ 17.7%	215.72M▲ 21.1%	41.74M▼ 80.7%	499.88M▲ 1097.7%	44.44M▼ 91.1%	160.35M▲ 0%
Net Margin %	120.94%	90.34%	90.84%	65.13%	126.22%	128.01%	189.54%	179.08%
Net Income Growth %	-	759.91%	17.67%	21.13%	-80.65%	1097.68%	-91.11%	-
Net Income (Continuing)	2.75M	20.43M	171.93M	202.77M	40.14M	481.82M	41.67M	160.35M
Discontinued Operations	-1	0	0	0	0	0	0	0
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M	49.86M
EPS (Diluted)	0.10▲ 0%	0.86▲ 795.8%	1.32▲ 53.5%	1.26▼ 4.5%	0.22▼ 82.5%	2.61▲ 1086.4%	0.23▼ 91.2%	0.84▲ 0%
EPS Growth %	-	795.83%	53.49%	-4.55%	-82.54%	1086.36%	-91.19%	-
EPS (Basic)	0.10	0.86	1.32	1.26	0.23	2.61	0.23	-
Diluted Shares Outstanding	185.05M	177.03M	132.32M	169.02M	185.52M	191.64M	191.64M	191.64M
Basic Shares Outstanding	185.05M	177M	132.32M	168.95M	185.4M	191.51M	191.51M	191.51M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

HKD Balance Sheet

AMTD Digital Inc. (HKD) balance sheet — assets, liabilities & shareholders' equity

Line item	Apr'19	Apr'20	Apr'21	Apr'22	Apr'23	Oct'23	Oct'24	TTM
Total Current Assets	5.71B	3.39B	2.66B	2.98B	319.5M	3.53B	84.55M	453.46M
Cash & Short-Term Investments	341.04M	196.18M	416.4M	15.82M	162.96M	141.48M	40.69M	141.48M
Cash Only	5.76M	196.18M	416.4M	112.49M	153.72M	1.06B	28.57M	135.76M
Short-Term Investments	335.28M	0	0	0	9.24M	1.96M	12.12M	5.72M
Accounts Receivable	681.57M	408.26M	284.38M	2.56B	16.69M	7.31M	51.66M	232.04M
Days Sales Outstanding	17.09K	889.52	529.44	2.82K	184.22	6.83	804.12	668.76
Inventory	0	0	0	0	134.02M	0	0	0
Days Inventory Outstanding	-	-	-	-	4.96K	-	-	-
Other Current Assets	40.29M	2.78B	1.95B	396.75M	5.2M	3.37B	-9.37M	79.95M
Total Non-Current Assets	183.52M	208.67M	408.79M	245.3M	342.17M	680.28M	418.38M	266.33M
Property, Plant & Equipment	0	0	155.28K	125.54K	238.6M	544.57M	274.45M	175.11M
Fixed Asset Turnover	-	-	1262.55x	2638.45x	0.14x	0.72x	0.09x	0.87x
Goodwill	0	0	58.67M	58.67M	0	0	0	0
Intangible Assets	0	0	40.41M	35.03M	136K	2.18M	119.25M	279K
Long-Term Investments	183.52M	208.67M	293.94M	150.1M	103.26M	133.52M	24.68M	368.55M
Other Non-Current Assets	0	0	15.61M	1.37M	175K	0	0	1.55M
Total Assets	5.89B▲ 0%	3.59B▼ 39.0%	3.07B▼ 14.7%	3.22B▲ 5.0%	661.68M▼ 79.5%	4.21B▲ 535.7%	502.93M▼ 88.0%	719.8M▲ 0%
Asset Turnover	0.00x	0.05x	0.06x	0.10x	0.05x	0.09x	0.05x	0.07x
Asset Growth %	-	-39%	-14.68%	5.02%	-79.46%	535.67%	-88.04%	-42.5%
Total Current Liabilities	5.77B	2.3B	135.78M	13.65M	139.54M	1.25B	162.64M	159.3M
Accounts Payable	125.69K	6.58K	14K	10K	493K	1.59M	1.59M	69K
Days Payables Outstanding	5	0.16	0.11	0.05	18.24	12.06	114.76	1.66
Short-Term Debt	0	2.23B	0	0	119.61M	773.12M	83.37M	15M
Deferred Revenue (Current)	0	0	0	5.29M	10.16M	0	1.18M	0
Other Current Liabilities	5.03B	-221.47M	116.53M	847K	1.46M	472.91M	0	69.29M
Current Ratio	0.99x	1.48x	19.58x	218.03x	2.29x	2.83x	0.52x	0.52x
Quick Ratio	0.99x	1.48x	19.58x	218.03x	1.33x	2.83x	0.52x	0.52x
Cash Conversion Cycle	-	-	-	-	5.12K	-	-	667.1
Total Non-Current Liabilities	0	0	38.08M	11.08M	1.03M	0	181.53M	50.56M
Long-Term Debt	0	0	0	0	0	0	174.22M	50.56M
Capital Lease Obligations	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	5.65M	0
Other Non-Current Liabilities	0	-3.26M	38.08M	11.08M	0	0	1.65M	-2.57M
Total Liabilities	5.77B	2.3B	173.92M	107.09M	140.57M	1.25B	344.17M	159.3M
Total Debt	5.77B	2.23B	0	0	119.61M	773.12M	257.78M	65.56M
Net Debt	5.76B	2.03B	-416.4M	-112.49M	-34.11M	-282.06M	229.21M	-70.19M
Debt / Equity	47.22x	1.75x	-	-	0.23x	0.26x	1.62x	1.62x
Debt / EBITDA	-	-	-	-	7.20x	2.43x	14.52x	1.94x
Net Debt / EBITDA	-	-	-3.01x	-0.49x	-2.05x	-0.89x	12.91x	12.91x
Interest Coverage	-	-	-	-	12.24x	-	1.17x	-
Total Equity	122.1M▲ 0%	1.27B▲ 943.4%	2.89B▲ 127.1%	3.1B▲ 7.2%	521.1M▼ 83.2%	2.96B▲ 467.9%	158.76M▼ 94.6%	560.5M▲ 0%
Equity Growth %	-	943.36%	127.09%	7.25%	-83.21%	467.93%	-94.64%	-71.13%
Book Value per Share	0.66	7.20	21.86	18.36	2.81	15.44	0.83	2.92
Total Shareholders' Equity	95M	1.27B	369.37M	3.08B	457.95M	3.03B	18.47M	510.63M
Common Stock	95M	37.99K	7K	54.92K	8K	62.6K	8K	8K
Retained Earnings	0	151.34M	0	548.93M	111.7M	1.13B	199.97M	0
Treasury Stock	0	0	0	0	-52.23M	-408.75M	-635.23M	-52.23M
Accumulated OCI	0	129.07M	369.36M	96.74M	510.17M	-1.96B	-327.93M	562.86M
Minority Interest	27.11M	0	25.22M	19.73M	63.16M	-68.6M	140.29M	49.86M

HKD Cash Flow Statement

AMTD Digital Inc. (HKD) cash flow — operating, investing & free cash flow history

Line item	Apr'19	Apr'20	Apr'21	Apr'22	Apr'23	Oct'23	Oct'24	TTM
Cash from Operations	24.55M	213.72M	83M	80.42M	15.5M	334.29M	4.25M	4.25M
Operating CF Margin %	168.72%	127.58%	42.34%	24.28%	46.88%	85.6%	18.1%	-
Operating CF Growth %	-	770.43%	-61.17%	-3.1%	-80.73%	2056.6%	-98.73%	163.08%
Net Income	17.6M	151.34M	178.09M	215.72M	41.74M	499.88M	42.46M	160.35M
Depreciation & Amortization	0	0	4.9M	6.64M	1.99M	22.55M	5.64M	8.05M
Stock-Based Compensation	0	0	931.71K	8.93M	244K	1.3M	86K	9.26M
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	-13.77M	52.7M	-42.75M	-196.6M	-26.24M	-545.86M	-43.6M	-232.54M
Working Capital Changes	20.73M	9.68M	-58.17M	45.74M	-2.23M	356.42M	-341K	68.51M
Change in Receivables	-4.25M	6.02M	-58.4M	30.08M	-4.27M	-2.66M	-823K	29.91M
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	173K	0	691K	0
Cash from Investing	-3.07B	-674.4M	128.33M	-385.56M	-119.49M	-563.26M	-75.53M	-421.55M
Capital Expenditures	0	0	-170.81K	-47.08K	-2K	-266.06K	-159K	-64.08K
CapEx % of Revenue	-	-	0.09%	0.01%	0.01%	0.07%	0.68%	-
Acquisitions	0	0	20.75M	0	3.86M	30.3M	8.54M	0
Investments	-	-	-	-	-	-	-	-
Other Investing	-3.07B	-674.4M	107.74M	-385.51M	-175.98M	-593.3M	-83.56M	-421.49M
Cash from Financing	2.68B	651.1M	7.9M	0	243.46M	-62.12M	-35.81M	-3.97M
Debt Issued (Net)	0	0	0	0	15.02M	0	18M	0
Equity Issued (Net)	0	1000K	1000K	0	1000K	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0
Other Financing	2.68B	535.22M	4.41M	0	-742K	-62.12M	-53.81M	-3.97M
Net Change in Cash	5.76M▲ 0%	190.49M▲ 3205.1%	219.89M▲ 15.4%	-308.31M▼ 240.2%	139.32M▲ 145.2%	1.09B▲ 685.0%	-107.23M▼ 109.8%	-317.6M▲ 0%
Free Cash Flow	24.55M▲ 0%	213.72M▲ 770.4%	82.83M▼ 61.2%	80.38M▼ 3.0%	15.5M▼ 80.7%	334.03M▲ 2055.2%	4.09M▼ 98.8%	101.72M▲ 0%
FCF Margin %	168.72%	127.58%	42.25%	24.27%	46.87%	85.54%	17.43%	113.6%
FCF Growth %	-	770.43%	-61.25%	-2.96%	-80.72%	2055.16%	-98.78%	-
FCF per Share	0.13	1.21	0.63	0.48	0.08	1.74	0.02	0.02
FCF Conversion (FCF/Net Income)	1.40x	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x	0.63x
Interest Paid	0	0	0	0	0	52.82M	0	0
Taxes Paid	0	0	0	0	0	0	0	0

HKD Key Ratios

AMTD Digital Inc. (HKD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	21.68%	8.55%	7.2%	2.3%	28.72%	2.85%	28.61%
Return on Invested Capital (ROIC)	2.35%	3.46%	6.17%	0.63%	14%	0.59%	0.59%
Gross Margin	90.95%	12.88%	37.85%	70.16%	87.68%	78.43%	64.13%
Net Margin	90.34%	90.84%	65.13%	126.22%	128.01%	189.54%	179.08%
Debt / Equity	1.75x	-	-	0.23x	0.26x	1.62x	1.62x
Interest Coverage	-	-	-	12.24x	-	1.17x	-
FCF Conversion	1.41x	0.47x	0.37x	0.37x	0.67x	0.10x	0.63x
Revenue Growth	1051.15%	17.03%	68.95%	-90.02%	1081.01%	-94%	-

HKD Frequently Asked Questions

AMTD Digital Inc. (HKD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

AMTD Digital Inc. (HKD) reported $89.5M in revenue for fiscal year 2025. This represents a 515% increase from $14.6M in 2019.

AMTD Digital Inc. (HKD) saw revenue decline by 94.0% over the past year.

Yes, AMTD Digital Inc. (HKD) is profitable, generating $160.3M in net income for fiscal year 2025 (189.5% net margin).

Dividend & Returns

AMTD Digital Inc. (HKD) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

AMTD Digital Inc. (HKD) generated $101.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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AMTD Digital Inc.(HKD)Earnings, Financials & Key Ratios

HKD Key Insights

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