---
title: "Alset 2025 10-K: Revenue $4.47M, EPS (Basic) $(2.22)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281248578.md"
description: "Alset reported a significant decline in fiscal 2025 revenue, totaling $4.47 million, down from $21.12 million in 2024, primarily due to reduced property sales. The company incurred a net loss of $49.35 million, including a $30.08 million impairment charge, with a basic and diluted net loss per share of $(2.22). Operating losses increased as expenses rose by 32%. The rental business now constitutes 52% of revenue, while property development contributions fell sharply. Alset continues operations across multiple countries, focusing on rental expansions and closing underperforming café operations."
datetime: "2026-03-31T21:15:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281248578.md)
  - [en](https://longbridge.com/en/news/281248578.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281248578.md)
---

# Alset 2025 10-K: Revenue $4.47M, EPS (Basic) $(2.22)

Alset reported fiscal 2025 revenue of $4.47 million, a steep decline from $21.12 million a year earlier, driven primarily by a sharp drop in property sales; the company posted a net loss of $49.35 million, reflecting a $30.08 million impairment charge, and reported basic and diluted net loss per share of $(2.22). Operating losses widened as operating expenses increased.

**Financial Highlights**

-   **Revenue:** $4.47 million (down from $21.12 million in 2024, ≈‑79%).
-   **Gross Margin:** $1.25 million (down from $8.33 million in 2024).
-   **Loss from Operations (Operating Income):** $(15.15) million (compared to $(4.12) million in 2024); operating expenses rose about 32%.
-   **Net Loss (Net Income):** $(49.35) million (compared to $(4.17) million in 2024), which includes a $30.08 million impairment charge.
-   **Net Loss Per Share (Basic and Diluted):** $(2.22); weighted average shares outstanding: 21.36 million.

**Business Highlights**

-   **Revenue mix shift:** Rental business increased as a share of revenue, constituting 52% of 2025 revenue, while property development contributions declined markedly due to fewer lot closings.
-   **Geographic and brand footprint:** Continued multi-country operations across the U.S., Singapore, Hong Kong, Korea, China and Taiwan, with ongoing café/F&B and rental expansions.
-   **Operational changes:** Increased rental portfolio and the cessation of several underperforming café operations during 2024–2025.
-   **Investments and portfolio activity:** Active trading and equity investments raised non-operating volatility and contributed to large impairments that affected the company’s operating focus.
-   **Recent transaction activity:** Closed multiple lot sales in 2024, while 2025 saw materially fewer lot closings impacting top-line performance.

Original SEC Filing: Alset Inc. \[ AEI \] - 10-K - Mar. 31, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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