HWH International Inc. (NASDAQ:HWH)
Insiders here have filed 7 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $390K
- Net income
- -$2.7M
- Net margin
- -680.0%
Little or no net debt.
- Total debt
- $206K
- Cash
- $1.5M
- Debt / equity
- 0.08
Comfortably covers what is due within a year.
- Current assets
- $3.0M
- Current liabilities
- $1.6M
- Current ratio
- 1.82
Consumes cash and must keep raising it.
- Operating cash flow
- -$1.2M
- Free cash flow
- -$1.2M
- FCF margin
- -301.2%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 7.5M
- Share growth (1y)
- 16.4%
- Cash runway
- 16 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
HWH Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 64.20 K | 64.20 K | 54.56 K | 206.78 K | 310.39 K | 295.20 K |
| Revenue Growth (YoY) | -79.32 % | -78.25 % | -80.99 % | -40.16 % | -7.31 % | 3.18 % |
| Cost of Revenue | 43.84 K | 16.91 K | 14.90 K | 83.20 K | 161.50 K | 147.60 K |
| Gross Profit | 20.36 K | 47.29 K | 39.66 K | 123.58 K | 148.89 K | 147.59 K |
| SG&A Expense | 249.06 K | 672.20 K | 2.05 M | 324.98 K | 488.68 K | 664.24 K |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 249.06 K | 672.20 K | 2.05 M | 324.98 K | 488.68 K | 664.24 K |
| Operating Income | -228.70 K | -624.91 K | -2.01 M | -201.39 K | -339.79 K | -516.65 K |
| Pretax Income | 210.66 K | -626.77 K | -1.95 M | -295.09 K | 75.98 K | -531.15 K |
| Tax Provision | 0.00 | 0.00 | 0.00 | 4.52 K | 0.00 | 42.95 K |
| Net Income | 211.97 K | -626.20 K | -1.95 M | -291.00 K | 83.39 K | -565.13 K |
| EPS (Basic) | 0.03 | -0.08 | -0.29 | -0.04 | 0.01 | -0.03 |
| EPS (Diluted) | 0.03 | -0.08 | -0.29 | -0.04 | 0.01 | -0.03 |
| Shares Outstanding | 7.54 M | 7.48 M | 6.60 M | 6.48 M | 6.48 M | 16.68 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.