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Alset (AEI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Alset (AEI) Q2 2026 earnings results →
Q2 2026 Revenue down 10% year over year to $989K · 591¢ of every $1 of revenue lost · operating margin -181.4%
Alset made $989K in Q2 2026 (-10% Y/Y): Rental $724K, Other $264K. Operating margin -181.4%, net loss $5.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $1.0M in Q2 2026, down 10% year over year and up 1% from the previous quarter. Rental was the largest line at 73% of revenue. Other lost $119K year over year (down 31%), 107% of the total change.
Gross margin was 8.5%. Operating costs exceeded revenue by $1.8M, an operating margin of -181.4%. The quarter ended with a net loss of $5.8M, wider than the previous quarter's $5.3M loss. Minority interests bore $573K of it: to shareholders the quarter was a loss of $5.3M. Net interest and other expense of $4.0M was the main reason.
Operating cash flow was −$7.7M. Non-cash charges added back $304K of depreciation. Working capital and other items used $2.1M. Capital expenditures of $81K exceeded it, leaving free cash flow of −$7.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $989K | -10% | -181.4% | −$5.8M | −$7.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $981K | -8% | -270.4% | −$5.3M | −$1.5M |
| Q4 2025 | 10-K | Mar 31, 2026 | $1.3M | -85% | -451.0% | −$33.0M | −$436K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $999K | -80% | -258.2% | $2.0M | $883K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $1.1M | -2% | -250.7% | −$8.8M | −$2.6M |
| Q1 2025 | 10-Q | May 15, 2025 | $1.1M | -82% | -368.1% | −$9.5M | −$3.8M |
| Q4 2024 | 10-K | Mar 31, 2025 | $8.9M | +779% | 21.5% | $2.3M | $13.9M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Alset
We are a diversified holding company principally engaged through our subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities and consumer products with operations in the United States, Singapore, Hong Kong, Australia, Republic of Korea and the People’s Republic of China. We manage our three principal businesses primarily through our 85.8% owned subsidiary, Alset International Limited (“Alset International”), a public company traded on the Singapore Stock Exchange. Through this subsidiary (and indirectly, through other public and private U.S. and Asian subsidiaries), we are actively developing real estate projects near Houston, Texas, in our real estate segment.
In its own words, from its 10-K, filed Mar 31, 2026.
Alset against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +8%. Operating margin: -181.4% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AEI Alset | Q2 2026 | $989K | -10% | -181.4% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
Source: Alset 10-Q on SEC EDGAR · CIK 1750106 · Real Estate
13F: who owns AEI and who is buying
More on AEI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results