Growth & profitability
- Revenue has declined 30.8% per year over the past 4 years.
Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 1.2 years of cash runway.
HWH Financials HWH International Inc.
5 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 →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $866926 | -$3M | 53.0% | 0.0% | -100.4% | -57.6% | -$2M | — | $2M |
| 2024 | $1M | -$3M | 48.0% | 0.0% | -99.4% | -42.9% | -$2M | — | $4M |
| 2023 | — | -$1M | — | — | 29.9% | -4.6% | -$3M | — | $1M |
| 2023 | — | $548873 | — | — | -23.3% | 2.5% | — | — | — |
| 2022 | — | $113541 | — | — | -5.6% | 0.1% | — | — | — |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $64200 | $211965 | 31.7% | 0.0% | 7.8% | 4.7% | $478010 | — | $2M |
| Mar '26 | $64200 | -$626197 | 73.7% | 0.0% | -31.1% | -14.9% | -$193305 | — | $1M |
| Dec '25 | $54560 | -$2M | 72.7% | 0.0% | -74.3% | -42.6% | -$1M | — | $2M |
| Sep '25 | $206778 | -$291004 | 59.8% | 0.0% | -10.2% | -5.6% | -$217908 | — | $3M |
| Jun '25 | $310391 | $83389 | 14.2% | 0.0% | 2.6% | 0.8% | — | — | $4M |
| Mar '25 | $295197 | -$565131 | 50.0% | 0.0% | -15.7% | -8.7% | — | — | $4M |
| Dec '24 | $287062 | -$476741 | 39.6% | 0.0% | -17.2% | -7.4% | -$415480 | — | $4M |
| Sep '24 | $345523 | -$548492 | 46.3% | 0.0% | 146.3% | -18.8% | -$277113 | — | $832368 |
| Jun '24 | $334882 | -$387923 | 49.2% | 0.0% | 10.7% | -12.6% | -$516780 | — | $821353 |
| Mar '24 | — | -$1M | — | — | 42.7% | -52.3% | -$640283 | — | $974632 |
| Dec '23 | — | -$1M | — | — | 28.5% | -4.3% | -$373010 | — | $1M |
| Nov '23 | — | -$231010 | — | — | 9.8% | -1.1% | — | — | — |
| Sep '23 | — | -$157690 | — | — | — | — | -$854397 | — | — |
| Aug '23 | — | -$176025 | — | — | 8.6% | -0.8% | — | — | — |
| Jun '23 | — | -$64413 | — | — | — | — | -$2M | — | — |
| May '23 | — | $395021 | — | — | -25.2% | 1.8% | — | — | — |
| Mar '23 | — | $171127 | — | — | — | — | $254024 | — | — |
| Feb '23 | — | $560887 | — | — | -26.3% | 0.6% | — | — | — |
| Nov '22 | — | $98891 | — | — | -4.9% | 0.1% | — | — | — |
| Aug '22 | — | $122132 | — | — | -8.3% | 0.1% | — | — | — |
Valuation over time
How the market has priced HWH against its own fundamentals since 2024-01 — 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-sales ratio has risen from 3.8× (Dec '24) to 16.9× (Sep '26).
P/S
Frequently asked questions
Is HWH growing its revenue and profit?
Over the past 4 years, HWH International Inc.'s revenue has declined 30.8% per year. These are computed facts, not advice.
How much debt does HWH have?
As of FY2025, HWH International Inc. reported — of total debt against $2M of cash.
What is HWH's profit margin?
In FY2025, gross margin was 53.0%, operating margin —, and net margin -303.4%.
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.