Revenue growth has stalled, evidenced by a 52.53% year-over-year contraction in early 2025, while operating margins have reached as low as -100.3% in 2024Q1.
| Sales/Revenue | 20.24M | 21.62M | 45.55M | 47.68M | 26.41M | 3.66M |
| Revenue Growth % | -56.31% | -52.53% | -4.48% | 80.56% | 621.53% | - |
| Cost of Goods Sold | 66.04M | 121.34M | 42.71M | 41.24M | 34.91M | 7.79M |
| COGS % of Revenue | - | 561.18% | 93.77% | 86.49% | 132.2% | 212.92% |
| Gross Profit | -45.79M | -99.72M | 2.84M | 6.44M | -8.5M | -4.13M |
| Gross Margin % | -226.21% | -461.18% | 6.23% | 13.51% | -32.2% | -112.92% |
| Gross Profit Growth % | - | -3616.11% | -55.96% | 175.73% | -105.76% | - |
| Operating Expenses | 72.35M | 38.7M | 263.48M | 171.12M | 630.22M | 62.18M |
| OpEx % of Revenue | - | 178.97% | 578.51% | 358.88% | 2386.45% | 1698.83% |
| Selling, General & Admin | 39.97M | 30.7M | 68.42M | 131.49M | 597.51M | 56.12M |
| SG&A % of Revenue | - | 141.99% | 150.23% | 275.77% | 2262.63% | 1533.28% |
| Research & Development | 4.43M | 4.13M | 9.83M | 12.37M | 16.49M | 4.11M |
| R&D % of Revenue | - | 19.09% | 21.57% | 25.94% | 62.45% | 112.35% |
| Other Operating Expenses | 1.66M | 3.87M | 185.23M | 27.26M | 16.21M | 1.95M |
| Operating Income | -118.14M | -138.41M | -260.65M | -164.68M | -638.72M | -66.31M |
| Operating Margin % | -583.6% | -640.15% | -572.28% | -345.37% | -2418.66% | -1811.75% |
| Operating Income Growth % | - | 46.9% | -58.28% | 74.22% | -863.23% | - |
| EBITDA | -110.26M | -155.84M | -230.18M | -139.21M | -629.61M | -64.43M |
| EBITDA Margin % | -544.67% | -720.73% | -505.39% | -291.96% | -2384.17% | -1760.46% |
| EBITDA Growth % | 50.47% | 32.3% | -65.35% | 77.89% | -877.16% | - |
| D&A (Non-Cash Add-back) | 512.89K | 0 | 30.47M | 25.47M | 9.11M | 1.88M |
| EBIT | -106.69M | -155.84M | -280.13M | -138.29M | -631.62M | -66.24M |
| Net Interest Income | -14.4M | -18.59M | -35.41M | -25.42M | 10.71K | 346.3K |
| Interest Income | 246.67K | 10K | 0 | 0 | 10.71K | 346.3K |
| Interest Expense | 14.9M | 18.6M | 35.41M | 25.42M | 0 | 0 |
| Other Income/Expense | -3.52M | -36.02M | -54.89M | 974K | -64.79M | -31.29M |
| Pretax Income | -121.66M | -174.43M | -315.53M | -163.7M | -703.5M | -97.6M |
| Pretax Margin % | -600.99% | -806.74% | -692.79% | -343.33% | -2663.98% | -2666.61% |
| Income Tax | 129.24K | 109K | -16.58M | -6.19M | -1.06M | 0 |
| Effective Tax Rate % | -0.11% | -0.06% | 5.25% | 3.78% | 0.15% | 0% |
| Net Income | -121.73M | -174.54M | -294.69M | -191.63M | -773.55M | -75.4M |
| Net Margin % | -601.33% | -807.24% | -647.03% | -401.89% | -2929.24% | -2060% |
| Net Income Growth % | 61.59% | 40.77% | -53.78% | 75.23% | -925.99% | - |
| Net Income (Continuing) | -121.73M | -174.54M | -298.96M | -157.52M | -702.44M | -97.6M |
| Discontinued Operations | 0 | 0 | 200K | -38.08M | -71.11M | 22.2M |
| Minority Interest | 0 | 0 | 11.64M | 4.87M | 0 | 0 |
| EPS (Diluted) | -6.17 | -9.70 | -22.50 | -14.70 | -1.60 | -0.06 |
| EPS Growth % | 61.92% | 56.89% | -53.06% | -818.75% | -2439.68% | - |
| EPS (Basic) | - | -9.70 | -22.50 | -14.70 | -1.60 | -0.06 |
| Diluted Shares Outstanding | 19.74M | 18.06M | 12.55M | 10.79M | 9.11M | 11.49M |
| Basic Shares Outstanding | 19.74M | 18.06M | 12.55M | 10.79M | 9.11M | 11.49M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Imminent liquidity and solvency risk
As reported in recent financial filings, Triller Group's revenue trajectory has faced significant headwinds, highlighted by a 52.53% year-over-year contraction in early 2025, suggesting that the company's core platform-based monetization model is struggling to maintain relevance against larger, more established social media competitors.
The persistent decline in top-line performance indicates that the company's pivot toward event-driven revenue streams has failed to offset the loss of organic user engagement. Investors should monitor whether the recent AGBA merger can provide a meaningful revenue floor or if the core business remains in a terminal state of decay.
Based on the provided income statement data, Triller Group exhibits a deeply distressed margin profile, with gross margins frequently dipping into negative territory, such as the -6.8% reported in 2025Q1, which underscores the high cost of content acquisition relative to the platform's current monetization capabilities.
The inability to achieve positive gross margins suggests that the company's cost of revenue, primarily driven by music licensing and event production, is fundamentally misaligned with its revenue generation. This structural imbalance implies that the current business model may be incapable of scaling without a radical shift in cost management.
According to the company's historical income statements, operating losses have consistently outpaced gross profit, with operating margins reaching as low as -100.3% in 2024Q1, indicating that the firm lacks the necessary operating leverage to cover its substantial administrative and marketing overhead expenses.
The persistent gap between gross profit and operating income highlights an inefficient cost structure that continues to erode shareholder value. Without a significant reduction in SG&A expenses, the company appears unlikely to reach an inflection point toward operational profitability in the near term.
As evidenced by the significant fluctuations in stock-based compensation, which reached $28.8M in 2025Q1, the quality of reported earnings is highly questionable, as non-operating items and aggressive accounting adjustments appear to mask the underlying cash-burn reality of the business operations.
The reliance on non-cash expenses and the volatility of net income suggest that reported figures may not accurately reflect the company's true economic performance. Investors should be wary of the potential for future impairment charges given the aggressive valuation of intangible assets following recent acquisitions.
Based on the reported $2.29M in cash reserves, the company faces a critical liquidity threshold that warrants extreme caution, as the current burn rate suggests that the firm may require immediate external financing to remain a going concern in the coming fiscal periods.
While some may argue that the AGBA merger provides a strategic pivot, the lack of sufficient cash to fund operations creates a high probability of dilutive equity issuance. The market appears to be pricing in this distress, reflecting a lack of confidence in the company's ability to execute its turnaround strategy.
Quick answers to the most common questions about buying ILLR stock.
For fiscal year 2025, Triller Group Inc. (ILLR) reported total revenue of $21.6M. This represents a 490.8% increase compared to $3.7M in 2020.
Triller Group Inc. (ILLR) reported a net loss of $174.5M for the fiscal year ending 2025.
Triller Group Inc. (ILLR) reported an operating income of $-138.4M, resulting in an operating profit margin of -640.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Triller Group Inc. (ILLR) generated $-99.7M in gross profit for the year, representing a gross profit margin of -461.2%. This demonstrates the company's core pricing power and production efficiency.