ATGL

MKT CAP:$215M

Alpha Technology Group Limited

Market Cap

$215M

Technology·Software - Infrastructure·🇭🇰 Hong Kong·NASDAQ

Technology·Software Infra·🇭🇰·NASDAQ

Stock Price

$14.01-$6.49 (-31.66%)

Apr 22, 2026

Company Details

Alpha Technology Group Limited, through its subsidiaries, provides cloud-based information technology services in Hong Kong. The company primarily offers cloud-based and customized customer relationship management and enterprise resource pl...

CEO

Tsz Him Leung

IPO Date

Oct 31, 2023

Website

alphatechnologys.com

Key Metrics TTM

Revenue

$2M

— YoY

Net Income

-$9M

EPS (Diluted)

-$0.59

Free Cash Flow

-$2M

Revenue / Share

$0.11

Gross Margin

-262.0%

Operating Margin

-475.8%

Net Margin

-537.7%

FCF Margin

-102.6%

P/S

124.3x

P/E

—

Earnings Reports

FY 2025

Jan 30, 2026

$942.5K-40.2%EPS -$0.55

Q4 2025

Jan 30, 2026

$552.0K+36.6%EPS -$0.50

Q2 2025

Mar 31, 2025

$390.0K+1.4%EPS -$0.05

FY 2024

Jan 27, 2025

$2M+42.2%EPS -$0.05

Q4 2024

Jan 27, 2025

$404.2K+0.6%EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 23	$709.4K	$245.8K	-$303.2K
Q4 23	$401.6K	$19.8K	-$559.5K
Q2 24	$384.5K	$176.8K	-$734.1K
Q4 24	$404.2K	$235.5K	-$128.7K
Q2 25	$390.0K	$176.9K	-$734.6K
Q4 25	$552.0K	-$5M	-$7M

Valuation

Quarter	P/S	P/E
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q4 24	47.3x	—
Q2 25	226.5x	—
Q4 25	204.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$110.0K	$110.0K
Q4 23	$403.3K	$397.1K
Q2 24	$0	$0
Q4 24	$0	$0
Q2 25	-$655.6K	-$655.6K
Q4 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q2 23	$0
Q4 23	$6.2K
Q2 24	$0
Q4 24	$0
Q2 25	$0
Q4 25	$100.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	-45.0%	+11.1%
Q4 25	+37.4%	+647.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 23	—	—	$549.1K
Q4 23	—	—	$579.4K
Q2 24	$663.9K	$161.6K	—
Q4 24	$155.0K	$161.6K	—
Q2 25	—	—	$911.5K
Q4 25	—	—	$1M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 23	—	-41.5%	—
Q4 23	—	4.5%	—
Q2 24	—	-69.6%	—
Q4 24	—	-15.4%	—
Q2 25	-45.0%	-188.1%	-233.1
Q4 25	37.4%	-1463.2%	-1425.8

Rule of 40

Revenue Segments

Quarter	Software Development
Q4 25	$531.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$183.6K	$0	$183.6K
Q4 22	$357.7K	$0	$357.7K
Q2 23	$1M	$0	$1M
Q4 23	$463.4K	$0	$463.4K
Q2 24	$6M	$0	$6M
Q4 24	$5M	$0	$5M
Q2 25	$5M	$13.7K	$5M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 23	13M	—	—
Q4 23	13M	0.0%	—
Q2 24	15M	+15.2%	—
Q4 24	15M	0.0%	—
Q2 25	16M	+3.9%	+19.7%
Q4 25	16M	+3.8%	+24.2%

Shares Outstanding