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HKD Financials AMTD Digital Inc.

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
$0 $68M $136M 2021 2022 2023 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 102% 204% 2021 2022 2023 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $8M $15M 2021 2022 2023 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $130M $260M 2021 2022 2023 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$119M $62M $243M $0 2021 2022 2023 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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.

Price / earnings (P/E)
0.0 18.9 37.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 23.0 45.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.