AHG

MKT CAP:$192M

Akso Health Group

Market Cap

$192M

Financial Services·Financial - Credit Services·🇨🇳 China·NASDAQ

Financials·Financial·🇨🇳·NASDAQ

Stock Price

$1.98+$0.38 (+23.75%)

Apr 21, 2026

Company Details

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, hom...

CEO

Yilin Wang

IPO Date

Nov 3, 2017

Website

www.xiaobaimaimai.com

Key Metrics TTM

Revenue

$15M

+216.0% YoY

Net Income

-$135M

EPS (Diluted)

-$0.41

Free Cash Flow

$1M

Revenue / Share

$0.04

Gross Margin

-1.9%

Operating Margin

-1125.4%

Net Margin

-913.4%

FCF Margin

6.9%

P/S

13.0x

P/E

—

Earnings Reports

FY 2025

Aug 14, 2025

$15MEPS -$0.48

Q4 2025

Aug 14, 2025

$4M+415.8%EPS -$0.20

Q3 2025

Dec 31, 2024

$4M+415.8%EPS -$0.20

Q2 2025

Mar 28, 2025

$3MEPS -$0.00

Q1 2025

Jun 30, 2024

$3MEPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$43M	$40M	$32M
Q4 18	$28M	$26M	$19M
Q1 19	$52M	$50M	$36M
Q2 19	$4M	$1M	-$17M
Q3 19	$2M	-$335.3K	-$11M
Q4 19	$4M	$3M	-$2M
Q1 20	$5M	$3M	-$8M
Q2 20	$5M	$2M	-$10M
Q1 22	$123.0K	$123.0K	-$4M
Q3 22	$3M	$3M	-$4M
Q3 24	$760.4K	$41.7K	-$3M
Q4 24	$760.4K	$41.7K	-$3M
Q1 25	$3M	$96.4K	-$270.4K
Q2 25	$3M	$96.4K	-$270.4K
Q3 25	$4M	-$237.1K	-$83M
Q4 25	$4M	-$237.1K	-$83M

Valuation

Quarter	P/S	P/E
Q3 18	6.2x	10.3x
Q4 18	5.1x	8.4x
Q1 19	3.4x	5.6x
Q2 19	3.1x	6.9x
Q3 19	1.4x	6.2x
Q4 19	2.6x	29.3x
Q1 20	8.2x	—
Q2 20	4.8x	—
Q1 22	0.6x	—
Q3 22	0.9x	—
Q3 24	2.8x	—
Q4 24	5.1x	—
Q1 25	2.3x	—
Q2 25	2.6x	—
Q3 25	2.7x	—
Q4 25	1.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$0	$0
Q4 18	$0	$0
Q1 19	$0	$0
Q2 19	$0	$0
Q3 19	$0	$0
Q4 19	$0	$0
Q1 20	$0	$0
Q2 20	$0	$0
Q1 22	$412.3K	-$5M
Q3 22	$0	$0
Q3 24	$554.5K	$554.5K
Q4 24	$554.5K	$554.5K
Q1 25	-$2M	-$2M
Q2 25	-$2M	-$2M
Q3 25	$3M	$3M
Q4 25	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q3 18	$0
Q4 18	$0
Q1 19	$0
Q2 19	$0
Q3 19	$0
Q4 19	$0
Q1 20	$0
Q2 20	$0
Q1 22	$5M
Q3 22	$0
Q3 24	$0
Q4 24	$0
Q1 25	$65.1K
Q2 25	$65.1K
Q3 25	$12.1K
Q4 25	$12.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+575.9%	+209.9%
Q4 18	+270.7%	+115.2%
Q1 19	+241.8%	+224.2%
Q2 19	-82.9%	+222.1%
Q3 19	-95.6%	+11.7%
Q4 19	-85.0%	-21.6%
Q1 20	-90.5%	-18.9%
Q2 20	+25.5%	-29.6%
Q1 22	-93.6%	-68.9%
Q3 22	-26.9%	+1.8%
Q3 24	-84.5%	-68.9%
Q4 24	-83.3%	-73.6%
Q1 25	+2719.6%	-7.9%
Q2 25	+14.3%	-43.9%
Q3 25	+415.8%	+2113.5%
Q4 25	+415.8%	+2113.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$723.8K	1.7%
Q4 18	$1M	4.0%
Q1 19	$214.3K	0.4%
Q2 19	$5M	135.6%
Q3 19	$383.6K	20.1%
Q4 19	$1M	26.0%
Q1 20	$194.6K	4.0%
Q2 20	$108.1K	2.4%
Q1 22	$195.8K	159.2%
Q3 22	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 18	$3M	$3M	$5M
Q4 18	$2M	$3M	$3M
Q1 19	$1M	$3M	$12M
Q2 19	$2M	$7M	$12M
Q3 19	—	$4M	$7M
Q4 19	$2M	$3M	$2M
Q1 20	$2M	$3M	$8M
Q2 20	$2M	$3M	$9M
Q1 22	$112.6K	$4M	$78.2K
Q3 22	$14.7K	$1M	$42.3K
Q3 24	—	$3M	$84.2K
Q4 24	—	$3M	$84.2K
Q1 25	—	$366.7K	—
Q2 25	—	$366.7K	—
Q3 25	—	$1M	—
Q4 25	—	$1M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$15M	$0	$15M
Q3 22	$18M	$0	$18M
Q4 22	$18M	$0	$18M
Q1 23	$10M	$0	$10M
Q2 23	$10M	$0	$10M
Q3 23	$8M	$0	$8M
Q4 23	$8M	$0	$8M
Q1 24	$9M	$51.8K	$9M
Q2 24	$9M	$0	$9M
Q3 24	$85M	$0	$85M
Q4 24	$85M	$0	$85M
Q1 25	$91M	$0	$91M
Q2 25	$91M	$0	$91M
Q3 25	$176M	$0	$176M
Q4 25	$176M	$0	$176M
Q2 26	$11M	$0	$11M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	6M	+20.1%	+7.5%
Q4 18	6M	+3.4%	+11.2%
Q1 19	6M	-0.5%	+23.5%
Q2 19	5M	-8.1%	+13.5%
Q3 19	5M	+0.4%	-5.0%
Q4 19	6M	+7.2%	-1.6%
Q1 20	5M	-7.3%	-8.3%
Q2 20	5M	+0.4%	+0.2%
Q1 22	6M	+3.8%	+3.6%
Q3 22	6M	+8.8%	+5.2%
Q3 24	24M	+288.9%	+341.3%
Q4 24	24M	0.0%	+339.4%
Q1 25	78M	+226.0%	+1279.5%
Q2 25	78M	0.0%	+1167.8%
Q3 25	337M	+334.1%	+1315.1%
Q4 25	337M	0.0%	+1315.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	—	—
Q4 18	$69.0K	400
Q1 19	$129.1K	400
Q2 19	$9.1K	400
Q3 19	$4.8K	400
Q4 19	$7.5K	552
Q1 20	$8.9K	552
Q2 20	$8.2K	552
Q1 22	$1.1K	113
Q3 22	$26.8K	113
Q3 24	$63.4K	12
Q4 24	$84.5K	9
Q1 25	$385.2K	9
Q2 25	$385.2K	9
Q3 25	$435.8K	9
Q4 25	$326.8K	12

Revenue / Employee