Chowchow Cloud International Holdings Ltd is a US-listed company in the systems software industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$3.2
Revenue-to-maturity cash-flow model
Base case. Range ~$2.5–$4.0 across our lower- and higher-growth cases (25%–35% a year).
Price vs value
No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.
Chowchow Cloud International Holdings Ltd valuation: adjust assumptions and compare models →
The Fundamentalytics view
Chowchow Cloud International Holdings Ltd's trailing-twelve-month revenue grew 38.3% year on year, with a free-cash-flow margin of -22.5%. Where it stands out: revenue growth of 38.3% ranks 5 of 37 systems software companies we cover. Where it lags: gross margin of 12.9% ranks 31 of 32 systems software companies we cover.
Current signal Balance sheet growing far ahead of sales: Total assets grew 103% year over year while revenue grew 38% — the balance sheet is expanding 65 points faster than the business it supports.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Fast growth. Revenue grew 38.3% over the last 12 months, against a median of 16.9% for systems software companies we cover.
- Growth speeding up. The growth rate is 9.2 points higher than a quarter earlier.
Things to watch
- Loss-making. Operating margin is -9.4%: costs exceed revenue.
- Margins narrowing. Operating margin is down 17.0 points on a year ago.
- Burning cash. Free cash flow was -22.5% of revenue over the last 12 months.
- Share dilution. Diluted shares rose 2.7% in a year.
- Below peers: gross margin. Gross margin of 12.9% ranks 31 of 32 systems software companies we cover (median 70.4%).
Price chart
- 1 day-5.5%
- 1 week+110.1%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $32.2M
- Operating margin
- -9.4%
- Net margin
- -9.4%
- EPS (TTM, diluted)
- $-0.09
Growth
- Revenue growth
- +38.3%
- Change in growth rate
- +9.2 pts
- Share count change
- +2.7%
Cash
- Free cash flow (TTM)
- -$7.3M
- FCF margin
- -22.5%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for CHOW from the sources we follow. See filings →
Valuation models
We value Chowchow Cloud International Holdings Ltd as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$3.2 ~$2.5–$4.0 | Primary model, counts double |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — 0 | Does not apply: no positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — 0 | Does not apply: no positive value |
| Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$3.2 ~$2.5–$4.0 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Chowchow Cloud International Holdings Ltd with Systems Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Chowchow Cloud International Holdings Ltd: too few analysts cover it.
Positioning
- Short interest
- 4.0% of tradable shares
- Days to cover
- 1.56 at average volume
- Short interest, 1 month
- −1% to October 15, 2026
- Held by institutions
- 7% of shares
- Held by insiders
- 221.6% of shares
- Employees
- 17 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Chowchow Cloud International Holdings Ltd in five measures
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 18 | 23 | 32 |
| Gross profit | 3 | 3 | 4 |
| EBITDA | 2 | 2 | −3 |
| Operating income | 2 | 2 | −3 |
| Net income | 2 | 2 | −3 |
| Diluted EPS | $0.05 | $0.05 | −$0.09 |
| Growth (year on year) | |||
| Revenue | — | +29.1% | +38.3% |
| EBITDA | — | +0.8% | −268.4% |
| Operating income | — | +0.7% | −268.9% |
| Net income | — | −1.6% | −298.6% |
| Diluted EPS | — | +0.3% | −292.1% |
| Margins | |||
| Gross margin | 14.1% | 13.9% | 12.9% |
| EBITDA margin | 9.8% | 7.7% | −9.4% |
| Operating margin | 9.8% | 7.7% | −9.4% |
| Net margin | 8.6% | 6.5% | −9.4% |
| Free-cash-flow margin | 5.8% | 4.4% | −22.5% |
| Cash flow | |||
| Cash from operations | 1 | 1 | −7 |
| Capital spending | 0 | 0 | 0 |
| Free cash flow | 1 | 1 | −7 |
| Balance sheet | |||
| Cash | — | 1 | 3 |
| Total debt | — | 1 | 1 |
| Net debt (negative = net cash) | — | −1 | −2 |
| Diluted shares | 33m | 33m | 33m |
| Returned to shareholders | |||
| Dividends | 1 | 1 | 0 |
| Total returned | 1 | 1 | 0 |
Financial health
- Short-term assets cover short-term liabilities $11m of assets due within a year against $3m of liabilities due within a year.
- Short-term assets cover long-term liabilities $11m short-term assets against $603,453 of longer-dated liabilities.
- More cash than debt $3m of cash against $605,795 of debt.
- Debt below 40% of shareholders' equity Debt is 7% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt −$7m of operating cash flow against $605,795 of debt.
- Operating profit covers interest at least five times over Operating income of −$3m against $18,638 of interest.
Dividends, buybacks and capital spending
- Dividends (TTM)
- $86,258
- Returned to shareholders
- -1%
- of free cash flow
- Diluted share count
- +2.7%
- year over year
- Days sales outstanding
- 66 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | CHOW | HUBC | ALAR | ORIO | SVCO | RGTI | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $32m | $32m | $41m | $49m | $72m | $13m | $1.1bn |
| Revenue growth, last 12 months | 38.3% | 7.1% | 28.1% | −5.5% | 31.9% | 68.5% | 16.9% |
| Revenue growth, latest quarter | — | — | — | — | 47.8% | 185.3% | 19.6% |
| Gross margin | 12.9% | 16.7% | 58.5% | 69.6% | 83.1% | 34.6% | 69.6% |
| Operating margin | −9.4% | −222.0% | 0.5% | −3.9% | −35.6% | −727.6% | 3.7% |
| Operating margin, 3-year average | — | — | −257.7% | — | −53.2% | −744.1% | 4.0% |
| Net margin | −9.4% | −378.3% | 2.4% | −12.4% | −30.4% | <−999% | 2.4% |
| Cash from operations / revenue | −22.5% | −99.2% | −4.9% | −1.4% | −46.7% | −454.7% | 16.6% |
| Free-cash-flow margin | −22.5% | −99.3% | −5.3% | −1.5% | −47.2% | −655.9% | 15.0% |
| Free-cash-flow margin, 3-year average | — | — | −200.0% | −34.7% | −38.6% | −638.3% | 18.8% |
| Stock pay / revenue | — | 10.1% | 8.5% | 2.6% | 16.9% | 170.7% | 8.2% |
| Change in share count | 2.7% | 537.5% | 6.6% | −1.3% | 8.2% | 28.9% | 2.7% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 38.3% | 16.9% | 5 of 37 |
| Change in growth rate Growth | +9.2pp | -0.3pp | 9 of 37 |
| Gross margin Profitability | 12.9% | 70.4% | 31 of 32 |
| Operating margin Profitability | -9.4% | 3.8% | 24 of 34 |
| Net margin Profitability | -9.4% | 2.4% | 24 of 37 |
| Free-cash-flow margin Cash generation | -22.5% | 17.3% | 27 of 34 |
| Long-term debt as % of assets Balance sheet | 4.3% | 4.3% | 12 of 23 |
| Change in share count Balance sheet | 2.7% | 3.1% | 17 of 34 |
| Days sales outstanding Balance sheet | 66 days | 72 days | 13 of 29 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
- Reported value
- $310,623
- Institutions reporting
- 7
- Shares held vs prior quarter
- ▲ 682.4%
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| HRT Financial LP | $183,000 | 477K | 58.9% | ▲ 2002.8% |
| Jane Street Group, LLC | $82,133 | 214K | 26.4% | ▲ 1755.6% |
| Morgan Stanley | $19,230 | 50K | 6.2% | ▲ 28.7% |
| Citadel Advisors LLC | $9,400 | 24K | 3.0% | ▲ 43.1% |
| Renaissance Technologies LLC | $8,115 | 21K | 2.6% | New |
| Stonex Group Inc. | $6,499 | 16K | 2.1% | New |
| UBS Group AG | $2,246 | 6K | 0.7% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Chowchow Cloud International Holdings Ltd's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Chowchow Cloud International Holdings Ltd in brief
- What does Chowchow Cloud International Holdings Ltd do?
- Chowchow Cloud International Holdings Ltd is a US-listed company in the systems software industry. Its financial year ends in December.
- What is Chowchow Cloud International Holdings Ltd's stock ticker?
- Chowchow Cloud International Holdings Ltd trades under the ticker CHOW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Chowchow Cloud International Holdings Ltd's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Chowchow Cloud International Holdings Ltd reported revenue of $32.2M, 38.3% higher than a year earlier, according to its SEC filings.
- What is Chowchow Cloud International Holdings Ltd's free cash flow?
- Chowchow Cloud International Holdings Ltd's free-cash-flow margin is -22.5% of revenue over the trailing twelve months, ranking 27 of the 34 systems software companies we cover.
- Who are Chowchow Cloud International Holdings Ltd's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Jane Street Group, LLC and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Does Chowchow Cloud International Holdings Ltd pay a dividend?
- Yes: Chowchow Cloud International Holdings Ltd paid $86,258 in dividends over the trailing twelve months.
- How much debt does Chowchow Cloud International Holdings Ltd have?
- Chowchow Cloud International Holdings Ltd's debt-to-equity ratio is 6.9%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
- Who are Chowchow Cloud International Holdings Ltd's competitors?
- In our Systems Software peer group, the companies closest to Chowchow Cloud International Holdings Ltd are Hub Cyber Security Ltd., Alarum Technologies Ltd., Orion Digital Corp., Silvaco Group, Inc. and Rigetti Computing, Inc. The side-by-side comparison below sets their revenue, margins and growth against Chowchow Cloud International Holdings Ltd's.
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