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what it is
Alset is a small holding company built around Houston-area housing projects, rental homes, and a few smaller finance, tech, and health bets.
how it gets paid
FY2024 revenue is on the order of ~$21M in third-party data feeds; the audited split by segment belongs in the 10-K — treat the revenue rows below as illustrative until you reconcile to the filing.
what just happened
Latest quarter revenue was $3M, but AEI still lost money and EPS fell to -$0.81.
At a glance
C+ balance sheet — struggling to keep the lights on
-$0.43 fy2024 eps est
$21M fy2024 rev est
consolidated losses despite small revenue base
1.7 beta
xvary composite: 36/100 — weak
What they do
Alset is a small holding company built around Houston-area housing projects, rental homes, and a few smaller finance, tech, and health bets.
This is less software magic, more houses you can count. Alset owns 132 single-family rental homes, and long-term debt is $0M, or 1% of capital, so you are not relying on heavy borrowing to keep the lights on. If this company wins, it wins because hard assets near Houston are easier to understand than the rest of its sprawl.
How they make money
~$21M
FY2024 revenue (rounded; verify in SEC filings)
EHome communities
$9.0M
Single-family rentals
$5.0M
Real estate services and lot sales
$3.0M
Financial services
$2.0M
Consumer, digital, and biohealth activities
$2.0M
Revenue scale cross-check: third-party aggregators (e.g. income-statement mirrors) · authoritative segment disclosure: SEC Form 10-K · alsetinc.com
The products that matter
biohealth products and services
Biohealth
biohealth / DSS-related lines
Filings describe biotechnology and related activities as one strand of a multi-segment holding company. Do not trust a single percentage here without reconciling to the latest 10-K tables.
largest segment
real estate development
EHome Communities
EHome / housing strand
Houston-area homebuilding and rental exposure is the most tangible operating story, but it still needs to be read against consolidated net results, not isolated margin anecdotes.
38.6% margin
minority EV affiliate stake
New Energy Asia Pacific
41.5% ownership
Alset owns 41.5% of this affiliate. You get exposure, not control, and the current snapshot gives you no evidence that this stake fixes the parent company's profit problem.
exposure, not control
Key numbers
$21M
2024 revenue est.
That is the entire annual sales base from the primary data. You are buying a very small business with public-market volatility.
net loss
consolidated earnings
Microcap holding companies can show positive operating lines in one segment while still printing red ink at the consolidated level — read the filing income statement, not a single margin chip.
132
rental homes
This is the most tangible part of Alset. Houses are easier to price than a holding-company story spread across six countries.
$0M
long-term debt
Long-term debt → borrowings due later → so what: balance-sheet pressure is low even if earnings stay ugly.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 4 — safer than 20% of stocks
- price stability 5 / 100
- long-term debt $0M (1% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for AEI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue was $3M, but AEI still lost money and EPS fell to -$0.81.
EDGAR shows revenue rose 217% vs. prior year, while gross margin was 24.9%. EPS stayed weak, which tells you sales growth did not translate into durable profitability.
$3M
revenue
-$0.81
eps (q)
24.9%
gross margin
the number that mattered
The key number was $3M of quarterly revenue, because even after a 217% jump, the scale is still tiny against a roughly $63M market cap.
source: verify latest quarterly EPS and revenue against SEC filings (10-Q) · company hub · alsetinc.com
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What could go wrong
the #1 risk is continued equity erosion from subscale operations.
high
Book value erosion
The company runs at a -105% net margin and book value per share is down 80% since IPO. That means the equity base has been shrinking while you wait for a turnaround.
Direct pressure on the per-share value you own
high
Conglomerate drift
Real estate, biohealth, EV distribution, and robotics make for a broad story, not a focused one. With only $21M in estimated revenue, too many bets can spread capital thin before any one segment proves it deserves more.
Capital can move sideways instead of toward profitability
med
Microcap volatility
A 1.7 beta and a 5 / 100 price stability score tell you this stock can swing hard. Add 4.55% short interest and thin sponsorship, and price moves can outrun fundamentals for long stretches.
Wide swings can overwhelm the thesis before the business changes
At the current -105% net margin, $12.1M of trailing revenue translated into a $12.7M net loss.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Net margin moving toward break-even
The stock does not need perfection. It needs the loss rate to stop exceeding revenue. If that ratio stays anywhere near -105%, the turnaround case keeps shrinking.
calendar
Next earnings report
Estimated for March 30, 2026. You are looking for cleaner period-to-period reporting and evidence that the cost base is not outrunning sales again.
trend
Book value per share
An 80% decline since IPO is the scoreboard nobody can talk around. If that line is still falling, the balance sheet is absorbing the operating losses.
risk
Segment focus
Watch whether management narrows the story around what works, or keeps adding affiliates that make the structure harder to judge — and reconcile every segment dollar to the filing.
Analyst rankings
risk profile
below average
risk rank 4 — more volatile than most — brace for bigger swings.
chart momentum
average
momentum rank 3 — the stock is moving with the broader market, no unusual signal.
source: institutional data
Institutional activity
institutional ownership data for AEI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$3
current price
n/a
target midpoint · n/a from current
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