Filing Flows › Alset (AEI) › Q1 2025
Alset (AEI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Alset (AEI) reported revenue of $1.1M for the first quarter 2025 (Q1 2025), -82% from a year earlier and -88% from the quarter before. Operating margin was -368.1%, net loss $9.5M (889.7% of revenue).
Alset, Q1 2025: revenue $1.1M (-82% year over year), operating margin -368.1%, net loss $9.5M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -88% | -82% |
| Operating profit | −$3.9M | -305% | — |
| Net earnings | −$9.5M | -509% | — |
| Operating cash flow | −$3.8M | -127% | — |
What changed
Revenue was $1.1M in Q1 2025, down 82% year over year and down 88% from the previous quarter. Rental was the largest line at 67% of revenue. Rental lost $3K year over year (roughly flat), 0% of the total change.
Gross margin was 27.2%, up 3.8 points from a year earlier. Operating costs exceeded revenue by $3.9M, an operating margin of -368.1%. Operating expenses grew 14% against a revenue fall of 82%. The fastest-growing cost line was Other operating costs (+41%). The quarter ended with a net loss of $9.5M, after a profit of $2.8M the previous quarter. Minority interests bore $1.2M of it: to shareholders the quarter was a loss of $8.3M. Net interest and other expense of $5.5M was the main reason.
Operating cash flow was −$3.8M. Non-cash charges added back $269K of depreciation and amortization. Working capital and other items added $5.5M. Capital expenditures of $61K exceeded it, leaving free cash flow of −$3.8M.
Questions
What was Alset's revenue in the first quarter 2025?
Alset (AEI) reported revenue of $1.1M for the first quarter 2025 (Q1 2025), -82% from a year earlier and -88% from the quarter before.
Was Alset profitable in the first quarter 2025?
Operating loss was $3.9M (-368.1% of revenue) and net loss $9.5M.
Source: Alset 10-Q on SEC EDGAR.