The company exhibits significant margin compression with an 11.0% gross margin and a deeply negative operating margin of -137.5%, suggesting a lack of scalable software-as-a-service efficiency.
| Sales/Revenue | 7.57M | 6.4M | 3.77M |
| Revenue Growth % | 18.29% | 69.68% | - |
| Cost of Goods Sold | 6.56M | 5.13M | 3.49M |
| COGS % of Revenue | 86.7% | 80.18% | 92.44% |
| Gross Profit | 1.01M | 1.27M | 285.29K |
| Gross Margin % | 13.3% | 19.82% | 7.56% |
| Gross Profit Growth % | -20.63% | 344.69% | - |
| Operating Expenses | 9.92M | 8.05M | 8.31M |
| OpEx % of Revenue | 131.1% | 125.75% | 220.27% |
| Selling, General & Admin | 7.35M | 5.82M | 5.89M |
| SG&A % of Revenue | 97.13% | 90.89% | 156.22% |
| Research & Development | 2.57M | 2.23M | 2.42M |
| R&D % of Revenue | 33.97% | 34.86% | 64.05% |
| Other Operating Expenses | 0 | 0 | 0 |
| Operating Income | -8.92M | -6.78M | -8.02M |
| Operating Margin % | -117.79% | -105.92% | -212.71% |
| Operating Income Growth % | -31.54% | 15.5% | - |
| EBITDA | -7.58M | -5.83M | -7.01M |
| EBITDA Margin % | -100.07% | -91.11% | -185.97% |
| EBITDA Growth % | -29.93% | 16.87% | - |
| D&A (Non-Cash Add-back) | 1.34M | 948.16K | 1.01M |
| EBIT | -10.1M | -6.65M | -8.92M |
| Net Interest Income | -102.78K | -40.63K | -129.49K |
| Interest Income | 75.1K | 96.58K | 4K |
| Interest Expense | 177.89K | 137.21K | 133.48K |
| Other Income/Expense | -1.36M | -9.43K | -1.03M |
| Pretax Income | -10.27M | -6.79M | -9.06M |
| Pretax Margin % | -135.74% | -106.07% | -240.15% |
| Income Tax | -2.62K | -6.73K | 0 |
| Effective Tax Rate % | 0.03% | 0.1% | 0% |
| Net Income | -10.27M | -6.75M | -9.06M |
| Net Margin % | -135.67% | -105.46% | -240.15% |
| Net Income Growth % | -52.18% | 25.49% | - |
| Net Income (Continuing) | -10.27M | -6.78M | -9.06M |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 3.46K | 5.99K | 0 |
| EPS (Diluted) | -0.14 | -0.09 | -0.12 |
| EPS Growth % | -54.35% | 24.42% | - |
| EPS (Basic) | -0.14 | -0.09 | -0.12 |
| Diluted Shares Outstanding | 74.38M | 74.38M | 74.38M |
| Basic Shares Outstanding | 74.38M | 74.38M | 74.38M |
| Dividend Payout Ratio | - | - | - |
Liquidity and Capital Dilution
As reported in the 2024Q4 financial statements, OWLS maintains a thin 11.0% gross margin, which suggests that the company's revenue mix is heavily skewed toward low-margin transactional e-commerce rather than the high-margin software-as-a-service licensing that typically characterizes infrastructure-focused technology firms.
The inability to scale gross margins above this level indicates that the cost of goods sold is likely dominated by physical fulfillment or third-party processing fees. This structural reality implies that the company's blockchain-based ecosystem has yet to achieve the pricing power necessary to offset its underlying operational costs.
Based on the 2024Q4 income statement, the company reported an operating margin of -137.5%, reflecting a significant disconnect between revenue generation and the fixed costs required to maintain its diverse suite of blockchain and hospitality platforms.
The data suggests that SG&A expenses, which reached $2.2M against only $2.0M in revenue, are currently outpacing the company's ability to monetize its user base. Investors should monitor whether management can rationalize these overhead costs, as the current trajectory implies that every dollar of revenue is being generated at a substantial loss.
According to recent financial disclosures, the company's net loss of $3.5M in 2024Q4, combined with a cash position of approximately $4.5M, indicates a precarious liquidity profile that may necessitate external financing in the near term to sustain current operations.
The cost structure appears to be heavily weighted toward aggressive customer acquisition and R&D, which have failed to yield a positive net income. This suggests that the company is prioritizing ecosystem expansion over the fundamental unit economics required for long-term viability.
As evidenced by the company's attempt to operate across e-commerce, hospitality, and fintech simultaneously, the lack of focus on a single vertical appears to be diluting the potential for margin expansion and operational efficiency across the entire organization.
The market may be mispricing OWLS by treating it as a unified software entity, whereas the financials suggest a fragmented holding company struggling to achieve scale in any single market. This scattergun approach warrants further investigation into whether the company can successfully pivot toward a more streamlined, high-margin software model.
Quick answers to the most common questions about buying OWLS stock.
For fiscal year 2024, OBOOK Holdings Inc. (OWLS) reported total revenue of $7.6M. This represents a 100.7% increase compared to $3.8M in 2022.
OBOOK Holdings Inc. (OWLS) reported a net loss of $10.3M for the fiscal year ending 2024.
OBOOK Holdings Inc. (OWLS) reported an operating income of $-8.9M, resulting in an operating profit margin of -117.8%. This margin reflects the operational efficiency of the business before interest and taxes.
OBOOK Holdings Inc. (OWLS) generated $1.0M in gross profit for the year, representing a gross profit margin of 13.3%. This demonstrates the company's core pricing power and production efficiency.