HWH International Inc. is a US-listed company in the personal care products industry. Its financial year ends in December.
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Third-party market data · may be delayed
Under review: every model's value for HWH International Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: data-quality checks not passed. We'll show the comparison once resolved.
HWH International Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
HWH International has little or no product revenue yet; it used $1m of cash in the twelve months to June 2026. It passes 1 of our 1 financial-health checks.
Our model value for HWH International is under review, so past values are not shown until it is resolved.
Source: 10-Q filed July 30, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
HWH International Inc.'s trailing-twelve-month revenue fell 68.5% year on year, with a free-cash-flow margin of -245.1%.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -68.5% (-18.9pp vs the prior quarter), the 6th consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
| At fiscal year end | 2024 | 2025 |
|---|---|---|
| Share price | $3.23 | $1.49 |
| Market value | $12m | $10m |
| + Net debt (− = net cash) | −$2m | −$1m |
| Enterprise value | $9m | $8m |
| Multiples | ||
| Price / sales | 9.3x | 11.3x |
| Price / earnings | — | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for HWH International Inc.: too few analysts cover it.
| Calendar year | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|
| Return | ||||
| ESYN | +3% | −94% | −54% | +11% |
| Industry peers (median) | +6% | −8% | −34% | −1% |
| S&P 500 | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||
| ESYN | 83% | 25% | 42% | 46% |
| S&P 500 | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||
| ESYN | −55% | −96% | −76% | −51% |
| S&P 500 | −10% | −8% | −19% | −9% |
Worst fall since March 24, 2022: 98% from July 25, 2023 to March 30, 2026. Getting back needed a 6030% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $830.5K |
| FY24 Q1 | $916.1K |
| FY24 Q2 | $1.1M |
| FY24 Q3 | $1.2M |
| FY24 Q4 | $1.3M |
| FY25 Q1 | $1.3M |
| FY25 Q2 | $1.2M |
| FY25 Q3 | $1.1M |
| FY25 Q4 | $866.9K |
| FY26 Q1 | $635.9K |
| FY26 Q2 | $389.7K |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY24 Q4 | 50.9% |
| FY25 Q1 | 37.8% |
| FY25 Q2 | 17.3% |
| FY25 Q3 | -6.4% |
| FY25 Q4 | -30.8% |
| FY26 Q1 | -49.6% |
| FY26 Q2 | -68.5% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | -314.9% |
| FY24 Q1 | -383.1% |
| FY24 Q2 | -225.9% |
| FY24 Q3 | -153.9% |
| FY24 Q4 | -147.6% |
| FY26 Q2 | -245.1% |
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 1 | 1 | 1 | 0 |
| Gross profit | 0 | 1 | 0 | 0 |
| Net income | −1 | −3 | −3 | −3 |
| Diluted EPS | — | −$0.76 | −$0.40 | — |
| Growth (year on year) | ||||
| Revenue | — | +50.9% | −30.8% | −68.5% |
| Margins | ||||
| Gross margin | 59.7% | 48.0% | 53.0% | 59.2% |
| Net margin | −130.1% | −219.4% | −303.4% | −680.0% |
| Free-cash-flow margin | −314.9% | −147.6% | −204.1% | −245.1% |
| Cash flow | ||||
| Cash from operations | −3 | −2 | −2 | −1 |
| Capital spending | 0 | 0 | 0 | 0 |
| Free cash flow | −3 | −2 | −2 | −1 |
| Stock-based pay | — | — | 2 | — |
| Free cash flow after stock pay | — | — | −3 | — |
| Balance sheet | ||||
| Cash | 1 | 4 | 2 | 2 |
| Total debt | 0 | 2 | 1 | 0 |
| Net debt (negative = net cash) | −1 | −2 | −1 | −1 |
| Diluted shares | — | 4m | 7m | — |
| Returned to shareholders | ||||
| Buybacks | 68 | 21 | — | — |
| Total returned | 68 | 21 | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 346 | 287 | 295 | 310 | 207 | 55 | 64 | 64 |
| Gross profit | 160 | 114 | 148 | 44 | 124 | 40 | 47 | 20 |
| Net income | −548 | −477 | −565 | 83 | −291 | −1,945 | −626 | 212 |
| Diluted EPS | — | — | −$0.09 | $0.01 | — | — | −$0.08 | $0.03 |
| Growth (year on year) | ||||||||
| Revenue | +52.3% | +38.1% | +3.2% | −7.3% | −40.2% | −81.0% | −78.3% | −79.3% |
| Net income | — | — | — | — | — | — | — | +154.2% |
| Diluted EPS | — | — | — | — | — | — | — | +200.0% |
| Margins | ||||||||
| Gross margin | 46.3% | 39.6% | 50.0% | 14.2% | 59.8% | 72.7% | 73.7% | 31.7% |
| Net margin | −158.7% | −166.1% | −191.4% | 26.9% | −140.7% | <−999% | −975.4% | 330.2% |
| Free-cash-flow margin | −80.2% | −144.7% | — | — | −105.4% | <−999% | −301.1% | 744.6% |
| Cash flow | ||||||||
| Cash from operations | −275 | −415 | −555 | 27 | −200 | −1,022 | −193 | 478 |
| Capital spending | 2 | 0 | — | — | 18 | 0 | 1 | −0 |
| Free cash flow | −277 | −415 | — | — | −218 | −1,022 | −193 | 478 |
| Last 12 months unless stated | ESYN | UG | YCBD | AXIL | NHTC | FTLF | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $389738 | $11m | $21m | $30m | $34m | $36m | $862m |
| Revenue growth, last 12 months | −68.5% | 3.2% | 10.0% | 10.3% | −16.5% | −43.3% | 3.4% |
| Revenue growth, 3-year average | — | 2.5% | −7.3% | −5.7% | −9.1% | −3.0% | −0.1% |
| Revenue growth, latest quarter | −79.3% | 9.5% | 20.6% | −11.2% | −20.2% | 64.6% | 2.1% |
| Gross margin | 59.2% | 46.9% | 57.7% | 72.4% | 74.3% | 34.8% | 66.5% |
| Operating margin | — | 20.8% | −13.9% | 10.0% | −5.9% | 10.9% | 6.7% |
| Operating margin, 3-year average | — | 25.5% | −37.2% | 6.9% | −4.1% | 16.0% | 5.5% |
| Net margin | −680.0% | 22.0% | −13.8% | 9.3% | −4.2% | 5.4% | 3.1% |
| Cash from operations / revenue | −240.3% | 30.9% | −10.6% | 14.9% | −12.3% | 28.1% | 9.6% |
| Free-cash-flow margin | −245.1% | 30.3% | −11.5% | 14.5% | −13.7% | 28.0% | 8.0% |
| Free-cash-flow margin, 3-year average | — | 26.4% | −7.8% | 7.1% | −11.4% | 17.7% | 6.0% |
| Stock pay / revenue | — | — | 4.2% | 4.3% | 0.1% | 0.1% | 1.0% |
| Change in share count | — | 0.0% | — | −5.5% | −15.7% | 0.5% | −0.0% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Citadel Advisors LLC | $44,666 | 31K | 37.1% | New |
| Geode Capital Management, LLC | $30,584 | 22K | 25.4% | ▼ 2.8% |
| Vanguard Capital Management LLC | $25,206 | 18K | 20.9% | 0.0% |
| Virtu Financial LLC | $15,000 | 11K | 12.4% | New |
| Vanguard Fiduciary Trust Co | $4,602 | 3K | 3.8% | ▼ 0.6% |
| UBS Group AG | $453 | 0K | 0.4% | ▼ 28.2% |
| Clear Street Group Inc. | $28 | 0K | 0.0% | 0.0% |
| Citigroup Inc | $13 | 0K | 0.0% | ▼ 99.5% |
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 HWH International Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Chan Heng Fai Ambrose Chief Executive Officer | June 8, 2026 | Buy | 250,000 | $2.00 | $500,000 |
| Alset Inc. 10% owner | March 30, 2026 | Sell | 100,390 | $0.98 | $98,382 |
From 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.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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