Filing Flows › Alset (AEI) › Q2 2025
Alset (AEI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Alset (AEI) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +3% from the quarter before. Operating margin was -250.7%, net loss $8.8M (804.5% of revenue).
Alset, Q2 2025: revenue $1.1M (-2% year over year), operating margin -250.7%, net loss $8.8M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +3% | -2% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $1.1M in Q2 2025, down 2% year over year and up 3% from the previous quarter. Rental was the largest line at 65% of revenue. Other lost $39K year over year (down 9%), 139% of the total change.
Gross margin was 23.3%, down 3.1 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -250.7%. Operating expenses fell 3% while revenue fell 2%. The quarter ended with a net loss of $8.8M, narrower than the previous quarter's $9.5M loss. Minority interests bore $620K of it: to shareholders the quarter was a loss of $8.2M. Net interest and other expense of $6.1M was the main reason.
Operating cash flow was −$2.6M. Non-cash charges added back $295K of depreciation and $840K of share-based compensation. Working capital and other items added $5.1M. Capital expenditures of $84K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Alset's revenue in the second quarter 2025?
Alset (AEI) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +3% from the quarter before.
Was Alset profitable in the second quarter 2025?
Operating loss was $2.8M (-250.7% of revenue) and net loss $8.8M.
Source: Alset 10-Q on SEC EDGAR.