Amber International Holding Limited (AMBR) AI Stock Analysis
AMBR AI stock analysis summary
AI ResearchAmber International Holding Limited operates a digital asset wealth management and execution platform primarily serving institutional clients and high-net-worth individuals. In FY2025, the company returned to profitability with net income of $3.8M on revenue growth of 101.5%. However, trailing twelve month revenue stands at $56.6M following a 33.6% quarterly revenue contraction in the latest quarter ending June 30, 2026.
- Market cap
- $160.3M
- Revenue (TTM)
- $56.6M
- P/E
- 85.0x fwd 11.2x
- 1Y return
- -24.1% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue grew 101.5% in FY2025 to $66.1M, lifting net income back into positive territory at $3.8M.
- The company holds a strong balance sheet with $46.7M in net cash and a very low debt-to-equity ratio of 0.01 as of June 30, 2026.
- Gross margins increased significantly, reaching 74.8% in FY2025 compared to 51.0% in FY2024 and 26.2% in FY2023.
Bear case
- Top-line growth remains volatile, evidenced by a 33.6% year-over-year quarterly revenue contraction in the period ended June 30, 2026.
- Free cash flow generation remained negative at -$24.2M in FY2025, marking the third consecutive year of negative annual free cash flow.
- Long-term share performance has been weak, with the stock falling 97.4% over five years and 24.1% over the past year.
What Amber International does
Amber International Holding Limited operates a digital asset wealth management platform in Hong Kong and is headquartered in Singapore. The company serves as an institutional gateway to crypto finance, delivering market access, execution infrastructure, and investment solutions for institutional investors and high-net-worth individuals. Its product catalog includes structured investment products like dual cryptocurrency instruments and accumulator/decumulator products, yield and decentralized finance solutions, and collateralized lending with configurable loan terms. Additionally, it offers full-stack execution across centralized exchanges, decentralized exchanges, and over-the-counter markets, alongside fiat-to-crypto conversion services and Amber Crypto Cards under the Amber Premium brand name.
Growth and profitability
Amber International saw its revenue decline from $307.7M in FY2021 to $32.8M in FY2024 before rebounding 101.5% to $66.1M in FY2025. Gross margin expanded to 74.8% in FY2025 from 51.0% in FY2024, while operating margin turned positive to 4.3% compared to -52.9% in FY2024. Net income reached $3.8M in FY2025, recovering from a net loss of -$29.0M in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $56.6M with an operating margin of 7.4% and diluted EPS of $0.02. In the latest quarter, revenue declined 33.6% year-over-year, while earnings grew 95.3%.
Balance sheet and cash flow
As of June 30, 2026, Amber International held $47.9M in cash and short-term investments against total debt of $1.1M, yielding net cash of $46.7M. Total assets stood at $298.1M with shareholders' equity of $102.8M, resulting in a current ratio of 1.22 and a debt-to-equity ratio of 0.01. Operating cash flow remained negative at -$24.1M in FY2025, alongside free cash flow of -$24.2M. Cash usage in FY2025 included $92,244 in capital expenditures and $882,327 allocated to share buybacks.
Valuation and performance
At a share price of $1.70, Amber International carries a market cap of $160.3M and an enterprise value of $115.3M. The stock trades at a trailing price-to-earnings multiple of 85.0x, above the 12.1x median of its US-listed Financial Services peers, though its forward P/E of 11.2x is closer to the peer median of 10.8x. Its price-to-sales ratio of 2.8x compares to the peer median of 3.2x, while EV to EBITDA stands at 97.9x versus the 11.7x peer median. Over the past year, the stock declined 24.1%, trailing the S&P 500 return of 16.8%.
What analysts expect
Amber International has beaten consensus EPS estimates in 3 of the last 4 quarters. The company's next scheduled earnings date is November 25, 2026. Forward expectations imply an estimated forward P/E multiple of 11.2x relative to its last closing price of $1.70 on October 16, 2026.
Key risks and what to watch
- Operating cash flow was -$24.1M in FY2025, indicating that operations continue to consume cash despite accounting net income.
- Trailing twelve month operating margin of 7.4% is well below the US-listed Financial Services peer median of 37.7%.
- The 5-year revenue compound annual growth rate of -23.7% underscores substantial longer-term revenue contraction.
- The stock trades 10.2% below its 200-day moving average and remains volatile within its 52-week range of $0.83 to $3.16.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this AMBR AI stock analysis
This page is an AI-written research summary of Amber International Holding Limited (AMBR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: AMBR income statement, AMBR balance sheet, AMBR key metrics, AMBR chart. See the AMBR stock overview for the latest quote and news.
AMBR AI stock analysis FAQ
Does Amber International Holding Limited pay a dividend?
No, Amber International does not pay a dividend to shareholders.
What is Amber International's net cash position?
As of June 30, 2026, Amber International held $47.9M in cash and short-term investments against $1.1M in debt, resulting in net cash of $46.7M.
When is the next earnings release for AMBR?
Amber International's next earnings report is scheduled for November 25, 2026.
What was Amber International's revenue growth in FY2025?
In FY2025, revenue increased 101.5% to $66.1M, compared to $32.8M in FY2024.