# Alset Inc. (AEI)

**Exchange:** NASDAQ  
**Sector:** Real Estate  
**Market cap:** $29M  
**Price:** $1.34 (+0.75%)

> Alset Inc. is a diversified holding company engaged through its subsidiaries in real estate development and various innovative sectors. It primarily focuses on developing EHome communities featuring quality designer homes integrated with smart technologies at affordable prices, alongside land subdivision, home building, sales, rentals, and property management. The company operates across multiple segments including Real Estate, where it develops property projects, participates in third-party developments, and manages house rental initiatives in the United States, Singapore, Hong Kong, Australia, South Korea, and the People's Republic of China. Additional segments encompass Digital Transformation Technology, Biohealth activities, financial services, consumer products, electric mobility through affiliates like New Energy Asia Pacific, and robotics via Alset Robot Inc., which provides service solutions and products from established manufacturers. Alset Inc. emphasizes sustainable healthy living systems, including pursuits in REITs for long-term income. Founded in 2018 and headquartered in Bethesda, Maryland, it plays a role in advancing smart, sustainable property solutions and emerging technologies in global markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4M | $1M | -$15M | -$47M | — |
| 2024 | $21M | $8M | -$4M | -$4M | — |
| 2023 | $22M | $8M | -$3M | -$59M | — |
| 2022 | $4M | $748,452 | -$7M | -$40M | — |
| 2021 | $20M | $8M | -$15M | -$119M | — |
| 2020 | $16M | $4M | -$2M | -$5M | — |
| 2019 | $24M | $4M | -$7M | -$8M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $137M | $7M | $121M | $25M | — |
| 2024 | $97M | $7M | $81M | $27M | $123,118 |
| 2023 | $126M | $9M | $88M | $27M | $156,926 |
| 2022 | $153M | $5M | $138M | $18M | — |
| 2021 | $184M | $14M | $148M | — | — |
| 2020 | $108M | $10M | $60M | — | $636,362 |
| 2019 | $36M | $14M | $15M | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$6M | $175,464 | -$6M |
| 2024 | $5M | $102,749 | $5M |
| 2023 | $7M | $29,105 | $7M |
| 2022 | -$32M | $599,650 | -$32M |
| 2021 | -$17M | $227,821 | -$17M |
| 2020 | $317,612 | $21,674 | $295,938 |
| 2019 | $6M | $3,632 | $6M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AEI)