Obook Holdings Inc. 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
Not valued: the figures our models need are missing or failed our data-quality checks.
Price vs value
No model value: cash-flow, stock-pay or share-count figures missing or out of date. How we value companies.
Obook Holdings Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders1 buying, 0 selling8 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds5 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Obook Holdings Inc.'s trailing-twelve-month revenue grew 3.9% year on year, with a free-cash-flow margin of -153.5%. Where it stands out: long-term debt as % of assets of 0.0% ranks 3 of 23 systems software companies we cover. Where it lags: gross margin of 2.6% ranks 32 of 32 systems software companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 30.9% while net income fell 210.2%: a 179pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Growth slowing. The growth rate is 14.4 points lower than a quarter earlier.
- Loss-making. Operating margin is -409.8%: costs exceed revenue.
- Margins narrowing. Operating margin is down 292.0 points on a year ago.
- Burning cash. Free cash flow was -153.5% of revenue over the last 12 months.
- Heavy stock-based pay. Stock pay equals 217.7% of revenue, against a median of 8.5% for systems software companies we cover: a real cost that cash-flow figures leave out.
- Gross margin slipping. Gross margin is down 10.7 points on a year ago.
Price chart
- 1 day-1.1%
- 1 week-14.5%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $7.9M
- Operating margin
- -409.8%
- Net margin
- -405.2%
Growth
- Revenue growth
- +3.9%
- Change in growth rate
- −14.4 pts
Cash
- Free cash flow (TTM)
- -$12.1M
- FCF margin
- -153.5%
- Stock pay % of revenue
- 217.7%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for OWLS from the sources we follow. See filings →
Valuation models
We value Obook Holdings Inc. 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? |
|---|---|---|
| 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: book value or earnings not available |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a 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 (price-to-earnings vs peers) 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. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Obook Holdings Inc. 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
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$1.04 | — | $9m | +11% |
| Next | −$0.37 | +64% | $51m | +480% |
Next year's EPS estimate has moved −232.1% in 90 days, across 1 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +1055.6% on 90 days ago. In the last 30 days, 0 analysts raised Obook Holdings Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.09 | $0.28 |
| 60 days ago | −$0.09 | $0.28 |
| 30 days ago | −$0.09 | $0.28 |
| 7 days ago | −$0.09 | $0.28 |
| Now | −$1.04 | −$0.37 |
Positioning
- Short interest
- — of tradable shares
- Days to cover
- 3.07 at average volume
- Short interest, 1 month
- −6% to October 15, 2026
- Held by institutions
- 1% of shares
- Held by insiders
- 55.0% of shares
- Employees
- 200 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
- —
Obook Holdings Inc. in five measures
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 6 | 8 | 8 |
| Gross profit | 1 | 1 | 0 |
| Operating income | −7 | −9 | −32 |
| Net income | −7 | −10 | −32 |
| Diluted EPS | −$0.09 | −$0.13 | −$0.39 |
| Growth (year on year) | |||
| Revenue | — | +18.3% | +3.9% |
| Margins | |||
| Gross margin | 19.8% | 13.3% | 2.6% |
| Operating margin | −105.9% | −117.8% | −409.8% |
| Net margin | −105.5% | −135.7% | −405.2% |
| Free-cash-flow margin | −86.8% | −121.8% | −153.5% |
| Cash flow | |||
| Cash from operations | −5 | −9 | −12 |
| Capital spending | 0 | 0 | 1 |
| Free cash flow | −6 | −9 | −12 |
| Stock-based pay | — | — | 17 |
| Free cash flow after stock pay | — | — | −29 |
| Balance sheet | |||
| Cash | 8 | 9 | 9 |
| Total debt | 1 | 1 | 1 |
| Net debt (negative = net cash) | −7 | −8 | −9 |
Financial health
- Short-term assets cover short-term liabilities $18m of assets due within a year against $24m of liabilities due within a year.
- Short-term assets cover long-term liabilities $18m short-term assets against $3m of longer-dated liabilities.
- More cash than debt $9m of cash against $835,043 of debt.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- 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 −$12m of operating cash flow against $835,043 of debt.
- Operating profit covers interest at least five times over No material interest expense reported.
Dividends, buybacks and capital spending
- R&D spending
- 89.6%
- of revenue
Competitors: side by side with peers
| Last 12 months unless stated | OWLS | QBTS | RGTI | HUBC | CHOW | ALAR | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $8m | $12m | $13m | $32m | $32m | $41m | $1.1bn |
| Revenue growth, last 12 months | 3.9% | −44.2% | 68.5% | 7.1% | 38.3% | 28.1% | 16.9% |
| Revenue growth, 3-year average | — | 19.0% | −2.5% | — | — | — | 16.1% |
| Revenue growth, latest quarter | — | −0.6% | 185.3% | — | — | — | 19.6% |
| Gross margin | 2.6% | 64.2% | 34.6% | 16.7% | 12.9% | 58.5% | 69.6% |
| Operating margin | −409.8% | <−999% | −727.6% | −222.0% | −9.4% | 0.5% | 3.7% |
| Operating margin, 3-year average | — | −810.3% | −744.1% | — | — | −257.7% | 4.0% |
| Net margin | −405.2% | <−999% | <−999% | −378.3% | −9.4% | 2.4% | 2.4% |
| Cash from operations / revenue | −146.7% | −892.4% | −454.7% | −99.2% | −22.5% | −4.9% | 16.6% |
| Free-cash-flow margin | −153.5% | −963.8% | −655.9% | −99.3% | −22.5% | −5.3% | 15.0% |
| Free-cash-flow margin, 3-year average | — | −598.1% | −638.3% | — | — | −200.0% | 18.8% |
| Stock pay / revenue | 217.7% | 250.5% | 170.7% | 10.1% | — | 8.5% | 8.2% |
| Change in share count | — | 40.1% | 28.9% | 537.5% | 2.7% | 6.6% | 2.7% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 3.9% | 16.9% | 30 of 37 |
| Change in growth rate Growth | -14.4pp | -0.3pp | 35 of 37 |
| Gross margin Profitability | 2.6% | 70.4% | 32 of 32 |
| Operating margin Profitability | -409.8% | 3.8% | 31 of 34 |
| Net margin Profitability | -405.2% | 2.4% | 34 of 37 |
| Free-cash-flow margin Cash generation | -153.5% | 17.3% | 31 of 34 |
| Stock pay as % of revenue Cash generation | 217.7% | 8.5% | 34 of 36 |
| Long-term debt as % of assets Balance sheet | 0.0% | 4.3% | 3 of 23 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
Funds buying and selling- Reported value
- $1.5M
- Institutions reporting
- 6
- Shares held vs prior quarter
- ▲ 1.7%
- Positions opened / closed
- 2 / 0
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Morgan Stanley | $1.3M | 222K | 83.0% | ▲ 0.2% |
| Geode Capital Management, LLC | $208,931 | 37K | 13.8% | ▲ 2.1% |
| Citigroup Inc | $43,093 | 8K | 2.8% | ▲ 72.3% |
| UBS Group AG | $4,362 | 1K | 0.3% | ▼ 14.0% |
| Quarry LP | $723 | 0K | 0.0% | New |
| Caitong International Asset Management Co., Ltd | $158 | 0K | 0.0% | 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 Obook Holdings Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Wang Chun Kai Chief Executive Officer | October 26, 2026 | Buy | 11,105 | $2.01 | $22,283 |
| Wang Chun Kai Chief Executive Officer | October 19, 2026 | Buy | 12,192 | $4.27 | $52,037 |
| Wang Chun Kai Chief Executive Officer | September 2, 2026 | Buy | 11,600 | $5.01 | $58,116 |
| Wang Chun Kai Chief Executive Officer | September 1, 2026 | Buy | 758 | $5.18 | $3,926 |
| Wang Chun Kai Chief Executive Officer | July 17, 2026 | Buy | 1,257 | $5.61 | $7,052 |
| Wang Chun Kai Chief Executive Officer | July 14, 2026 | Buy | 1,954 | $5.67 | $11,079 |
| Wang Chun Kai Chief Executive Officer | June 10, 2026 | Buy | 2,344 | $5.72 | $13,408 |
| Wang Chun Kai Chief Executive Officer | May 22, 2026 | Buy | 100 | $5.64 | $564 |
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.
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 |
Obook Holdings Inc. in brief
- What does Obook Holdings Inc. do?
- Obook Holdings Inc. is a US-listed company in the systems software industry. Its financial year ends in December.
- What is Obook Holdings Inc.'s stock ticker?
- Obook Holdings Inc. trades under the ticker OWLS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Obook Holdings Inc.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Obook Holdings Inc. reported revenue of $7.9M, 3.9% higher than a year earlier, according to its SEC filings.
- What is Obook Holdings Inc.'s free cash flow?
- Obook Holdings Inc.'s free-cash-flow margin is -153.5% of revenue over the trailing twelve months, ranking 31 of the 34 systems software companies we cover.
- Who are Obook Holdings Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Geode Capital Management, LLC and Citigroup Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Who are Obook Holdings Inc.'s competitors?
- In our Systems Software peer group, the companies closest to Obook Holdings Inc. are D-wave Quantum Inc., Rigetti Computing, Inc., Hub Cyber Security Ltd., Chowchow Cloud International Holdings Ltd and Alarum Technologies Ltd. The side-by-side comparison below sets their revenue, margins and growth against Obook Holdings Inc.'s.
- Are insiders buying or selling Obook Holdings Inc. stock?
- Over the last 12 months, Obook Holdings Inc.'s directors and officers reported 8 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
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