Revenue volatility remains high, with quarterly growth swinging from a 100.6% expansion in 2024Q4 to a 33.6% contraction in 2026Q1, while gross margins compressed to 38.3% in the most recent period.
| Sales/Revenue | 9.79M | 10.73M | 7.86M | 5.24M | 2.22M | 1.81M | 751.29K | 171.8K |
| Revenue Growth % | 7.68% | 36.48% | 50.04% | 136.06% | 22.74% | 140.72% | 337.31% | - |
| Cost of Goods Sold | 4.35M | 4.3M | 3.32M | 2M | 1.02M | 1.07M | 136.17K | 0 |
| COGS % of Revenue | - | 40.07% | 42.19% | 38.11% | 46.01% | 59.36% | 18.13% | - |
| Gross Profit | 5.44M | 6.43M | 4.54M | 3.24M | 1.2M | 735.03K | 615.12K | 171.8K |
| Gross Margin % | 55.57% | 59.93% | 57.81% | 61.89% | 53.99% | 40.64% | 81.87% | 100% |
| Gross Profit Growth % | - | 41.48% | 40.15% | 170.58% | 63.05% | 19.5% | 258.04% | - |
| Operating Expenses | 7.8M | 8.68M | 7.05M | 11.48M | 5.31M | 2.69M | 1.76M | 168.47K |
| OpEx % of Revenue | - | 80.89% | 89.71% | 219.09% | 239.19% | 148.59% | 234.4% | 98.06% |
| Selling, General & Admin | 9.34M | 8.68M | 6.67M | 7.2M | 4.78M | 2.69M | 1.76M | 168.47K |
| SG&A % of Revenue | - | 80.89% | 84.8% | 137.43% | 215.41% | 148.59% | 234.4% | 98.06% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -964.78K | 0 | 385.73K | 4.28M | 527.79K | 0 | 0 | 0 |
| Operating Income | -2.37M | -2.25M | -2.51M | -8.24M | -4.11M | -1.95M | -1.15M | 3.33K |
| Operating Margin % | -24.18% | -20.97% | -31.9% | -157.21% | -185.2% | -107.95% | -152.53% | 1.94% |
| Operating Income Growth % | - | 10.29% | 69.56% | -100.37% | -110.58% | -70.37% | -34522.92% | - |
| EBITDA | -1.26M | -1.05M | -1.6M | -7.5M | -3.99M | 1 | 0 | 0 |
| EBITDA Margin % | -12.9% | -9.77% | -20.36% | -143.09% | -179.58% | 0% | - | - |
| EBITDA Growth % | 21.2% | 34.51% | 78.65% | -88.09% | -99999900% | - | - | - |
| D&A (Non-Cash Add-back) | 1.1M | 1.2M | 906.74K | 739.78K | 124.83K | 1.95M | 1.15M | -3.33K |
| EBIT | -2.58M | -2.25M | -2.12M | -3.96M | -3.58M | -1.95M | -1.15M | 3.33K |
| Net Interest Income | -1.44M | 0 | -101.67K | 75.04K | 0 | -9.8K | 645 | 0 |
| Interest Income | 0 | 0 | 0 | 75.04K | 0 | 0 | 645 | 0 |
| Interest Expense | 1.44M | 0 | 101.67K | 0 | 0 | 9.8K | 0 | 0 |
| Other Income/Expense | -1.94M | -307.98K | 733.91K | 92.78K | -123.21K | 50.85K | 28.2K | 0 |
| Pretax Income | -4.31M | -2.56M | -1.77M | -8.14M | -4.23M | -1.9M | -1.12M | 3.33K |
| Pretax Margin % | -44.01% | -23.84% | -22.56% | -155.44% | -190.75% | -105.14% | -148.78% | 1.94% |
| Income Tax | 128 | -17.39K | 0 | 0 | 0 | -1.31K | 29.61K | 0 |
| Effective Tax Rate % | -0% | 0.68% | 0% | 0% | 0% | 0.07% | -2.65% | 0% |
| Net Income | -4.32M | -2.59M | -1.77M | -8.14M | -4.23M | -1.9M | -1.15M | 3.33K |
| Net Margin % | -44.1% | -24.12% | -22.46% | -155.44% | -190.75% | -105.07% | -152.72% | 1.94% |
| Net Income Growth % | -123.51% | -46.57% | 78.31% | -92.35% | -122.84% | -65.61% | -34565.12% | - |
| Net Income (Continuing) | -4.31M | -2.54M | -1.77M | -8.14M | -4.23M | -1.9M | -1.15M | 3.33K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.36T | 1.42T | 1.04M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.74 | -0.58 | -0.41 | -1.64 | -1.09 | -0.37 | -0.22 | 0.00 |
| EPS Growth % | -87.43% | -41.46% | 75% | -50.46% | -194.59% | -68.18% | - | - |
| EPS (Basic) | - | -0.58 | -0.41 | -1.64 | -1.09 | -0.37 | -0.22 | 0.00 |
| Diluted Shares Outstanding | 5.86M | 5.26M | 5.12M | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M |
| Basic Shares Outstanding | 5.86M | 5.26M | 5.12M | 5.11M | 5.11M | 5.11M | 5.11M | 5.11M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Persistent negative operating margins
As reported in recent financial filings, Onfolio's revenue trajectory remains highly inconsistent, with quarterly growth rates swinging from a 33.6% contraction in 2026Q1 to a 100.6% expansion in 2024Q4, suggesting that top-line performance is tethered to the timing of asset acquisitions rather than organic portfolio momentum.
The erratic revenue pattern indicates that the company lacks a stable organic growth engine, relying instead on the episodic integration of new web assets. Investors should monitor whether this reliance on inorganic expansion can eventually produce a predictable revenue base or if the portfolio remains inherently unstable.
Based on the provided income statement data, Onfolio's gross margins have fluctuated significantly, reaching a low of 38.3% in 2026Q1, which highlights the inherent difficulty in maintaining profitability when integrating diverse e-commerce and content assets with varying cost structures and platform-dependent revenue streams.
The volatility in gross margins suggests that the company's product mix is not yet optimized for consistent profitability. The inability to sustain margins above the 60% threshold appears to reflect the high cost of goods sold associated with physical product sales within the portfolio.
According to historical income statements, Onfolio has failed to demonstrate positive operating leverage, as SG&A expenses frequently outpace gross profit, resulting in a persistent negative operating margin that reached -44.6% in 2026Q1, indicating that corporate overhead is currently scaling faster than the underlying asset revenue.
The company's centralized management structure appears to be a significant drag on profitability, as the cost of vetting and managing small assets is not being offset by sufficient scale. This suggests that the current operating model may require a fundamental restructuring to achieve break-even status.
Based on the company's reported figures, the combination of a shrinking cash balance of $476,874 and consistent quarterly operating losses suggests that the current acquisition-heavy strategy may be approaching a liquidity-constrained inflection point that could necessitate dilutive financing or a complete halt to new asset purchases.
Short-sellers would likely focus on the disconnect between the company's growth narrative and its inability to generate positive cash flow from operations. The lack of a clear path to profitability warrants further investigation into whether the acquired assets are truly cash-generative or merely accounting placeholders.
Quick answers to the most common questions about buying ONFO stock.
For fiscal year 2025, Onfolio Holdings, Inc. (ONFO) reported total revenue of $10.7M. This represents a 6145.8% increase compared to $0.2M in 2019.
Onfolio Holdings, Inc. (ONFO) reported a net loss of $2.6M for the fiscal year ending 2025.
Onfolio Holdings, Inc. (ONFO) reported an operating income of $-2.2M, resulting in an operating profit margin of -21.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Onfolio Holdings, Inc. (ONFO) generated $6.4M in gross profit for the year, representing a gross profit margin of 59.9%. This demonstrates the company's core pricing power and production efficiency.