6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 47.7% per year over the past 5 years.
Net income has grown slower than revenue (44.7% vs 47.7% per year).
Free cash flow has grown 7.7% per year over the past 5 years.
Financial health
Total debt ($260M) exceeds cash ($46M); net debt is $214M.
Total debt has grown slower than revenue (1.0% vs 47.7% per year).
Total debt is 25× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$136M
$97M
0.0%
0.8%
$14M
$260M
$46M
2024
$20M
$42M
0.0%
181.0%
$4M
$258M
$61M
2023
$12M
—
0.0%
0.0%
—
—
$135M
2023
$48M
$41M
0.0%
0.3%
$15M
—
$153M
2022
$42M
$26M
0.0%
1.4%
$10M
—
$14M
2021
—
$22M
—
—
$11M
—
$54M
Valuation over time
How the market has priced HKD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 33.5× (Mar '23) to 2.0× (Jun '26).
The price-to-sales ratio has fallen from 20.5× (Mar '23) to 1.4× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is HKD growing its revenue and profit?
Over the past 5 years, AMTD Digital Inc.'s revenue has grown 47.7% per year, and net income grown 44.7% per year. These are computed facts, not advice.
How much debt does HKD have?
As of FY2025, AMTD Digital Inc. reported $260M of total debt against $46M of cash.
What is HKD's profit margin?
In FY2025, gross margin was —, operating margin 0.8%, and net margin 71.3%.
What is HKD's P/E ratio?
As of Jun '26, AMTD Digital Inc. traded at a price-to-earnings ratio of about 2.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.