Filing Flows › Alset (AEI) › Q4 2024
Alset (AEI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Alset (AEI) reported revenue of $8.9M for the fourth quarter 2024 (Q4 2024), +779% from a year earlier and +80% from the quarter before. Operating margin was 21.5%, net earnings $2.3M (26.0% of revenue).
Alset, Q4 2024: revenue $8.9M (+779% year over year), operating margin 21.5%, net earnings $2.3M, operating cash flow $13.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9M | +80% | +779% |
| Gross profit | $4.6M | +129% | — |
| Operating profit | $1.9M | — | — |
| Net earnings | $2.3M | +36% | — |
| Operating cash flow | $13.9M | — | — |
| Free cash flow | $13.9M | — | — |
What changed
Revenue was $8.9M in Q4 2024, up 779% year over year and up 80% from the previous quarter. Property was the largest line at 88% of revenue.
Gross margin was 51.4%. Operating profit was $1.9M, a 21.5% margin (up 396.5 points year over year). Net earnings were $2.3M. The effective tax rate was 5.1%. Non-operating items added $1.1M, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.9M, 492% of net income including minority interests. Non-cash charges added back $283K of depreciation and amortization. Working capital and other items added $10.8M. Capital expenditures of $35K left free cash flow of $13.9M.
Questions
What was Alset's revenue in the fourth quarter 2024?
Alset (AEI) reported revenue of $8.9M for the fourth quarter 2024 (Q4 2024), +779% from a year earlier and +80% from the quarter before.
Was Alset profitable in the fourth quarter 2024?
Operating profit was $1.9M (21.5% of revenue) and net earnings $2.3M.
Source: Alset 10-K on SEC EDGAR.