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HWH International Inc.(HWH)Earnings, Financials & Key Ratios
HWH•NASDAQ
Price updated Jun 19, 2026
AboutHWH International Inc. operates a marketplace platform to provide products and services for health, wealth, and happiness. It operates HWH Marketplace, a marketing place; Hapi Café; Hapi Travel Destination platform to book travel, hotel, and vacation packages; and Hapi Wealth builder program. The company is based in Bethesda, Maryland. HWH International Inc operates as a subsidiary of Alset International LimitedShow more
- Revenue$867K-30.8%
- EBITDA-$3M-52.9%
- Net Income-$3M-1.5%
- EPS (Diluted)-0.40-150.0%
- Gross Margin53.03%+10.5%
- EBITDA Margin-352.09%-121.1%
- Operating Margin-354.36%-117.2%
- Net Margin-303.44%-46.8%
- ROE-94.59%-283.1%
HWH Key Insights
HWH International Inc. (HWH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 60.7% through buybacks
✗Weaknesses
- ✗Negative free cash flow
- ✗Sales declining 22.7% 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.
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HWH Price & Volume
HWH International Inc. (HWH) stock price & volume — 10-year historical chart
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HWH Growth Metrics
HWH International Inc. (HWH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-22.73%
3 Years-10.34%
TTM-49.64%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-52.76%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-269.92%
Return on Capital
10 Years17.34%
5 Years-3.62%
3 Years-42.25%
Last Year-96.21%
HWH Peer Comparison
HWH International Inc. (HWH) competitors in Travel Booking and Subscriptions — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ATXG | 2.72M | 4.71 | -0.37 | -18.88% | -201.97% | -31.72% | 1.03 | |
 CLPS | 27.8M | 0.99 | -3.82 | 15.17% | -1.27% | -6.06% | 0.59 | |
 BTBT | 706.64M | 2.17 | -7 | -30.65% | -146.01% | -0.11% | 0.16 | |
 GFAI | 8.93M | 0.41 | -0.77 | 0.18% | -32.94% | -69.69% | 0.08 | |
 NXRT | 684.45M | 26.97 | -21.40 | -3.24% | -12.67% | -10.13% | 5.18 | |
 HIMS | 7.79B | 35.47 | 69.55 | 59% | -0.56% | -2.48% | 2.34 | |
 NTRB | 35.86M | 2.95 | -1.14 | -4.83% | -448.39% | -112.6% | 0.03 | |
 LFMD | 229.72M | 4.75 | -20.65 | -8.66% | -7.76% | -162.38% | 0.27 |
Compare HWH vs Peers
HWH International Inc. (HWH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HWH Income Statement
HWH International Inc. (HWH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Nov'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 3.15M | 4.91M | 1.2M | 830.52K | 1.25M | 866.93K | 635.93K |
Revenue Growth % | - | 56.1% | -75.51% | -30.96% | 50.94% | -30.84% | -49.64% |
Cost of Goods Sold | 1.83M | 2.61M | 688.37K | 334.82K | 651.72K | 407.2K | 276.51K |
COGS % of Revenue | 58.27% | 53.1% | 57.23% | 40.32% | 51.99% | 46.97% | - |
Gross Profit | 1.31M▲ 0% | 2.3M▲ 75.4% | 514.52K▼ 77.7% | 495.69K▼ 3.7% | 601.86K▲ 21.4% | 459.73K▼ 23.6% | 359.42K▲ 0% |
Gross Margin % | 41.73% | 46.9% | 42.77% | 59.68% | 48.01% | 53.03% | 56.52% |
Gross Profit Growth % | - | 75.43% | -77.67% | -3.66% | 21.42% | -23.62% | - |
Operating Expenses | 584.13K | 504.54K | 1.47M | 1.87M | 2.65M | 3.53M | 3.54M |
OpEx % of Revenue | 18.56% | 10.27% | 122.36% | 225.71% | 211.13% | 407.39% | - |
Selling, General & Admin | 584.66K | 504.54K | 689.65K | 1.87M | 2.65M | 3.53M | 3.54M |
SG&A % of Revenue | 18.58% | 10.27% | 57.33% | 225.71% | 211.13% | 407.39% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 782.25K | 0 | 0 | 0 | 0 |
Operating Income | 728.66K▲ 0% | 1.8M▲ 147.0% | -689.65K▼ 138.3% | -1.24M▼ 80.5% | -2.04M▼ 64.3% | -3.07M▼ 50.2% | -3.18M▲ 0% |
Operating Margin % | 23.15% | 36.63% | -57.33% | -149.85% | -163.11% | -354.36% | -500.1% |
Operating Income Growth % | - | 146.95% | -138.33% | -80.46% | -64.3% | -50.24% | - |
EBITDA | 730.26K | 2.07M | -655.78K | -1.19M | -2M | -3.05M | -3.16M |
EBITDA Margin % | 23.2% | 42.11% | -54.52% | -142.86% | -159.27% | -352.09% | -496.44% |
EBITDA Growth % | - | 183.27% | -131.7% | -80.93% | -68.27% | -52.88% | -102.54% |
D&A (Non-Cash Add-back) | 1.6K | 269.12K | 33.87K | 58.01K | 48.17K | 19.65K | 23.32K |
EBIT | 728.66K | 1.8M | -689.65K | -1.24M | -2.53M | -2.56M | -2.79M |
Net Interest Income | 0 | 0 | 990.11K | 2.22M | -72.08K | -52.24K | -70.79K |
Interest Income | 0 | 0 | 990.11K | 2.22M | 0 | 0 | 0 |
Interest Expense | 0 | 0 | 0 | 0 | 72.08K | 52.24K | 70.79K |
Other Income/Expense | 532 | 102.22K | 990.11K | 2.22M | -561.73K | 461.57K | 387.09K |
Pretax Income | 729.19K▲ 0% | 1.9M▲ 160.8% | 300.46K▼ 84.2% | 971.1K▲ 223.2% | -2.61M▼ 368.4% | -2.61M▼ 0.2% | -2.79M▲ 0% |
Pretax Margin % | 23.17% | 38.71% | 24.98% | 116.93% | -207.93% | -301.12% | -439.23% |
Income Tax | 97.08K | 576.33K | 186.92K | 422.23K | 0 | 47.47K | 4.52K |
Effective Tax Rate % | 13.31% | 30.31% | 62.21% | 43.48% | 0% | -1.82% | -0.16% |
Net Income | 632.11K▲ 0% | 1.33M▲ 109.7% | 113.54K▼ 91.4% | 548.87K▲ 383.4% | -2.59M▼ 572.0% | -2.63M▼ 1.5% | -2.78M▲ 0% |
Net Margin % | 20.09% | 26.98% | 9.44% | 66.09% | -206.67% | -303.44% | -436.97% |
Net Income Growth % | - | 109.67% | -91.43% | 383.41% | -572.01% | -1.54% | -52.76% |
Net Income (Continuing) | 632.11K | 1.33M | 113.54K | 548.87K | -2.61M | -2.66M | -2.8M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | -4.84K | 8.67K | 111.83K | 65.84K | 65.28K |
EPS (Diluted) | 0.06▲ 0% | -0.00▼ 100.8% | 0.01▲ 2460.0% | -0.09▼ 895.8% | -0.16▼ 70.4% | -0.40▼ 150.0% | -0.37▲ 0% |
EPS Growth % | - | -100.78% | - | -895.76% | -70.39% | -150% | -269.92% |
EPS (Basic) | 0.06 | -0.00 | 0.01 | -0.09 | -0.16 | -0.40 | - |
Diluted Shares Outstanding | 9.81M | 9.81M | 9.63M | 11.51M | 16.68M | 6.56M | 7.48M |
Basic Shares Outstanding | 9.81M | 9.81M | 9.63M | 11.51M | 16.68M | 6.56M | 7.48M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
HWH Balance Sheet
HWH International Inc. (HWH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Nov'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 3.65M | 3.31M | 1.95M | 703.15K | 5.47M | 2.97M | 2.45M |
Cash & Short-Term Investments | 1.59M | 2.65M | 1.65M | 1.16M | 4.34M | 2.17M | 1.56M |
Cash Only | 1.59M | 2.65M | 1.65M | 1.16M | 4.34M | 2.09M | 1.46M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 84.47K | 99.61K |
Accounts Receivable | 937.48K | 2.52K | 9.07K | 28.61K | 1.1M | 3.32K | 867.42K |
Days Sales Outstanding | 108.73 | 0.19 | 2.75 | 12.57 | 321.71 | 1.4 | 990.15 |
Inventory | 119.96K | 47.29K | 34.13K | 1.98K | 1.57K | 1.06K | 1.08K |
Days Inventory Outstanding | 23.88 | 6.62 | 18.09 | 2.16 | 0.88 | 0.95 | 3.18 |
Other Current Assets | 75.43K | 285.57K | 233.84K | -493.5K | 13.27K | 797.27K | 21.11K |
Total Non-Current Assets | 1.04M | 620.72K | 1.6M | 21.25M | 933.73K | 1.6M | 1.76M |
Property, Plant & Equipment | 451.8K | 385.8K | 1.14M | 727.74K | 582.35K | 111.81K | 77.51K |
Fixed Asset Turnover | 6.97x | 12.73x | 1.06x | 1.14x | 2.15x | 7.75x | 3.67x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 207.4K | 21.25M | 140 | 0 | 4.03M |
Other Non-Current Assets | 586.35K | 234.93K | 253K | -727.74K | 351.24K | 1.48M | 113.52K |
Total Assets | 4.69M▲ 0% | 3.93M▼ 16.2% | 3.55M▼ 9.8% | 21.96M▲ 519.2% | 6.41M▼ 70.8% | 4.57M▼ 28.7% | 4.21M▲ 0% |
Asset Turnover | 0.67x | 1.25x | 0.34x | 0.04x | 0.20x | 0.19x | 0.10x |
Asset Growth % | - | -16.17% | -9.81% | 519.21% | -70.81% | -28.72% | 258.84% |
Total Current Liabilities | 4.09M | 2.21M | 2.31M | 2.77M | 3.31M | 1.28M | 1.53M |
Accounts Payable | 6.85K | 19.07K | 60.77K | 167.35K | 483.43K | 305.03K | 298.49K |
Days Payables Outstanding | 1.36 | 2.67 | 32.22 | 182.44 | 270.75 | 273.42 | 487.18 |
Short-Term Debt | 341.69K | 0 | 0 | 0 | 1.22M | 343.41K | 331.52K |
Deferred Revenue (Current) | 0 | 0 | 21.2K | 0 | 0 | 0 | 15.63K |
Other Current Liabilities | 2.68M | 1.85M | 1.66M | -3.25M | 0 | 630.6K | 901.57K |
Current Ratio | 0.89x | 1.50x | 0.84x | 0.25x | 1.65x | 2.32x | 1.60x |
Quick Ratio | 0.86x | 1.48x | 0.83x | 0.25x | 1.65x | 2.32x | 1.60x |
Cash Conversion Cycle | 131.25 | 4.14 | -11.38 | -167.71 | 51.85 | -271.07 | 506.14 |
Total Non-Current Liabilities | 0 | 122.05K | 559.33K | 182.38K | 220.25K | 604.09K | 600.51K |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 485.54K | 473.75K |
Capital Lease Obligations | 0 | 122.05K | 559.33K | 182.38K | 220.25K | 0 | 171.25K |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 118.56K | 126.76K |
Total Liabilities | 4.09M | 2.33M | 2.87M | 3.86M | 3.53M | 1.88M | 2.13M |
Total Debt | 341.69K | 351.22K | 978.63K | 612.07K | 1.78M | 828.95K | 805.27K |
Net Debt | -1.25M | -2.3M | -672.46K | -547.13K | -2.56M | -1.26M | -654.53K |
Debt / Equity | 0.57x | 0.22x | 1.44x | 0.03x | 0.62x | 0.31x | 0.39x |
Debt / EBITDA | 0.47x | 0.17x | - | - | - | - | -0.26x |
Net Debt / EBITDA | -1.71x | -1.11x | - | - | - | - | 0.21x |
Interest Coverage | - | - | - | - | -35.16x | -48.97x | -39.40x |
Total Equity | 596.44K▲ 0% | 1.6M▲ 168.2% | 678.11K▼ 57.6% | 18.11M▲ 2570.4% | 2.88M▼ 84.1% | 2.68M▼ 6.7% | 2.08M▲ 0% |
Equity Growth % | - | 168.2% | -57.61% | 2570.37% | -84.11% | -6.69% | 1402.25% |
Book Value per Share | 0.06 | 0.16 | 0.07 | 1.57 | 0.17 | 0.41 | 0.28 |
Total Shareholders' Equity | 596.44K | 1.6M | 673.28K | 18.1M | 2.77M | 2.62M | 2.01M |
Common Stock | 10 | 10 | 10 | 10 | 559 | 747 | 747 |
Retained Earnings | 570.28K | 1.82M | 873.31K | -781.09K | -6.16M | -8.95M | -9.57M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 26.15K | -219.65K | -200.04K | -197.04K | -416.86K | -904.61K | -884.35K |
Minority Interest | 0 | 0 | -4.84K | 8.67K | 111.83K | 65.84K | 65.28K |
HWH Cash Flow Statement
HWH International Inc. (HWH) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Nov'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 1.25M | 660.01K | -1.21M | -1.29M | -1.66M | -1.75M | -1.61M |
Operating CF Margin % | 39.57% | 13.44% | -100.47% | -154.84% | -132.42% | -201.9% | - |
Operating CF Growth % | - | -47% | -283.11% | -6.41% | -29.09% | -5.44% | -145.18% |
Net Income | 632.11K | 1.33M | 113.54K | -1.08M | -2.61M | -2.63M | -2.78M |
Depreciation & Amortization | 90.46K | 269.12K | 375.63K | 58.01K | 48.17K | 19.65K | 18.45K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 325.19K | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 2.49M | -82.48K | -2.06M | 475.06K | 1.34M | 1.81M | 2.02M |
Working Capital Changes | -1.97M | -1.18M | 357.5K | -742.36K | -442.64K | -947.78K | -931.66K |
Change in Receivables | -1.28M | 73.97K | -58.79K | -13.97K | -294.14K | -561.25K | -747.69K |
Change in Inventory | 757 | 62.3K | 10.57K | 184 | 336 | 412 | 1.39K |
Change in Payables | 0 | 6.42K | 48.22K | 0 | 228.64K | -141.81K | -197.39K |
Cash from Investing | -2.38K | 599.16K | -423.17K | -14.57K | 20.45M | -1.19M | -1.19M |
Capital Expenditures | -9.21K | -39.09K | -166.85K | -14.57K | -30.39K | -19.46K | -20.23K |
CapEx % of Revenue | 0.29% | 0.8% | 13.87% | 1.75% | 2.42% | 2.25% | 3.18% |
Acquisitions | 0 | 0 | -256.32K | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | 6.83K | 638.25K | 86.69M | 0 | 20.48M | -1.08M | -1.08M |
Cash from Financing | 0 | 0 | 718.67K | 526.32K | -15.76M | 934.71K | 130.05K |
Debt Issued (Net) | 0 | 0 | 0 | 205.31K | -85.06K | -475.27K | -235.71K |
Equity Issued (Net) | 0 | 0 | 88.97M | -68.35M | -17.52M | 1.41M | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -68.35M | -21.1M | 0 | 0 |
Other Financing | 0 | 0 | -88.25M | 68.67M | 1.85M | 0 | 365.77K |
Net Change in Cash | 1.34M▲ 0% | 1.05M▼ 21.6% | -999.73K▼ 195.0% | -772.28K▲ 22.8% | 3.18M▲ 512.1% | -2.26M▼ 170.9% | -2.72M▲ 0% |
Free Cash Flow | 1.24M▲ 0% | 620.93K▼ 49.8% | -680.92K▼ 209.7% | -1.3M▼ 91.0% | -1.69M▼ 30.0% | -1.77M▼ 4.7% | -1.63M▲ 0% |
FCF Margin % | 39.28% | 12.64% | -56.61% | -156.59% | -134.85% | -204.14% | -255.74% |
FCF Growth % | - | -49.77% | -209.66% | -91% | -29.98% | -4.69% | -1.3% |
FCF per Share | 0.13 | 0.06 | -0.07 | -0.11 | -0.10 | -0.27 | -0.22 |
FCF Conversion (FCF/Net Income) | 1.97x | 0.50x | -10.64x | -2.34x | 0.64x | 0.67x | 0.59x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 2.26K |
Taxes Paid | 0 | 576.33K | 0 | 0 | 0 | 0 | 4.52K |
HWH Key Ratios
HWH International Inc. (HWH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 120.7% | 9.97% | 5.84% | -24.69% | -94.59% | -101.13% |
Return on Invested Capital (ROIC) | - | -9141.7% | -10.63% | -17.15% | -263.87% | -190.86% |
Gross Margin | 46.9% | 42.77% | 59.68% | 48.01% | 53.03% | 56.52% |
Net Margin | 26.98% | 9.44% | 66.09% | -206.67% | -303.44% | -436.97% |
Debt / Equity | 0.22x | 1.44x | 0.03x | 0.62x | 0.31x | 0.39x |
Interest Coverage | - | - | - | -35.16x | -48.97x | -39.40x |
FCF Conversion | 0.50x | -10.64x | -2.34x | 0.64x | 0.67x | 0.59x |
Revenue Growth | 56.1% | -75.51% | -30.96% | 50.94% | -30.84% | -49.64% |
Related:HWH Dividend History·HWH Revenue History·HWH Price History·HWH P/E History·HWH Financial Ratios·HWH Institutional Holders
HWH SEC Filings & Documents
HWH International Inc. (HWH) SEC filings — annual & quarterly reports (10-K, 10-Q)
HWH Frequently Asked Questions
HWH International Inc. (HWH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
HWH International Inc. (HWH) reported $0.6M in revenue for fiscal year 2025. This represents a 80% decrease from $3.1M in 2020.
HWH International Inc. (HWH) saw revenue decline by 30.8% over the past year.
HWH International Inc. (HWH) reported a net loss of $2.8M for fiscal year 2025.
Dividend & Returns
HWH International Inc. (HWH) has a return on equity (ROE) of -94.6%. Negative ROE indicates the company is unprofitable.
HWH International Inc. (HWH) had negative free cash flow of $1.6M in fiscal year 2025, likely due to heavy capital investments.