Alset Inc. balance sheet
At the end of fiscal 2025, Alset Inc. had total assets of $137m, total liabilities of $6.9m and shareholders' equity of $121m. It held $25.2m in cash against $658,799 of debt.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 7 | 32 | 61 | 18 | 27 | 27 | 25 | 12 |
| Receivables | — | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total current assets | 12 | 85 | 143 | 95 | 55 | 60 | 45 | 30 |
| Goodwill | — | — | — | — | 0 | — | — | — |
| Total assets | 36 | 108 | 184 | 153 | 126 | 97 | 137 | 125 |
| Accounts payable | 4 | 1 | — | — | — | — | — | — |
| Deferred revenue (current) | — | — | — | 0 | 0 | 0 | — | — |
| Total current liabilities | 7 | 9 | 14 | 3 | 8 | 5 | 6 | 3 |
| Long-term debt | 0 | 1 | — | 0 | 0 | 0 | 1 | 0 |
| Total debt | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total liabilities | 14 | 10 | 14 | 5 | 9 | 7 | 7 | 3 |
| Shareholders' equity | 15 | 60 | 148 | 138 | 88 | 81 | 121 | 114 |
| Non-controlling interests and other (assets − liabilities − equity) | 7 | 38 | 22 | 11 | 29 | 9 | 9 | 8 |
| Shares outstanding | 10m | 9m | 26m | 7m | 9m | 9m | — | 39m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total current assets | 57 | 60 | 54 | 44 | 45 | 45 | 35 | 30 |
| Total assets | 99 | 97 | 90 | 86 | 169 | 137 | 132 | 125 |
| Deferred revenue (current) | 0 | 0 | 0 | 0 | — | — | — | — |
| Total current liabilities | 3 | 5 | 5 | 4 | 4 | 6 | 3 | 3 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Total liabilities | 5 | 7 | 6 | 5 | 5 | 7 | 4 | 3 |
| Shareholders' equity | 84 | 81 | 76 | 73 | 156 | 121 | 119 | 114 |
| Non-controlling interests and other (assets − liabilities − equity) | 9 | 9 | 8 | 8 | 9 | 9 | 8 | 8 |
| Shares outstanding | 9m | 9m | 11m | 12m | 39m | 39m | 39m | 39m |
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