Helport AI Limited (HPAI) AI Stock Analysis

NASDAQ: HPAIAI research summary: business, growth, valuation, analysts, bull and bear case.

HPAI AI stock analysis summary

AI Research

Helport AI Limited (NASDAQ: HPAI) provides software-as-a-service platforms and AI tools for contact centers across Southeast Asia. Revenue expanded from $2.7M in FY2022 to $34.9M in FY2025, but trailing twelve-month margins dropped to -19.1% for operating margin and -2.4% for profit margin. With $152,051 in cash and $2.4M in debt as of September 30, 2025, the stock has fallen 90.5% over the past year to $0.31.

Market cap
$11.7M
Revenue (TTM)
$36.1M
P/E
—
1Y return
-90.5%
S&P 500 16.8%
Avg. target
—

Bull case

  • Revenue expanded from $2.7M in FY2022 to $34.9M in FY2025, reflecting a 3-year revenue CAGR of 135.5%.
  • Operating cash flow strengthened significantly in FY2025, rising to $9.1M from $5.0M in FY2024.
  • The stock trades at an EV-to-EBITDA multiple of 3.4x, well below the US-listed Technology peer median of 16.6x.

Bear case

  • Free cash flow remained negative at -$5.6M in FY2025 due to substantial capital expenditures of $14.7M.
  • Net income fell from $7.4M in FY2024 to $1.9M in FY2025, with trailing twelve-month profit margin turning negative at -2.4%.
  • The company held only $152,051 in cash and short-term investments as of September 30, 2025, compared to $2.4M in total debt.

What Helport AI does

Helport AI Limited is an artificial intelligence technology company headquartered in Singapore. It provides a software-as-a-service platform and artificial intelligence tools to the contact center industry across Southeast Asia. The company develops software and applications including Helport AI Assist, which offers real-time intelligent guidance for customer engagement professionals across business settings. In addition, it delivers AI+Business Process Outsourcing services to facilitate customer engagement. The company maintains a strategic partnership with QuickCEP Forge to accelerate AI workforce infrastructure for globalbrands.

Growth and profitability

Revenue grew from $2.7M in FY2022 to $12.7M in FY2023, $29.6M in FY2024, and $34.9M in FY2025, delivering a 3-year revenue CAGR of 135.5%. Revenue growth moderated to 17.9% in FY2025 after expanding 132.4% in FY2024 and 377.1% in FY2023. Gross margin was 54.9% in FY2025, down from 62.8% in FY2024. Operating margin compressed to 7.9% in FY2025 from 31.1% in FY2024. Net income declined to $1.9M in FY2025 from $7.4M in FY2024. Over the trailing twelve months, revenue was $36.1M with an operating margin of -19.1%, net profit margin of -2.4%, and EPS of -$0.02. In the quarter ended June 30, 2025, revenue grew 7.7% year-over-year while quarterly earnings declined 38.9%.

HPAI income statement →

Balance sheet and cash flow

As of September 30, 2025, Helport AI Limited held cash and short-term investments of $152,051 against total debt of $2.4M, resulting in net debt of $2.2M. Shareholders' equity stood at $17.5M and total assets were $37.2M. The company reported a current ratio of 1.24 and a debt-to-equity ratio of 0.14. In FY2025, operating cash flow was $9.1M, but capital expenditures reached $14.7M, which resulted in free cash flow of -$5.6M. Research and development expense totaled $6.3M for FY2025.

HPAI balance sheet →

Valuation and performance

Helport AI Limited has a market cap of $11.7M and an enterprise value of $13.6M. The stock trades at a price-to-sales multiple of 0.3x and an EV-to-EBITDA of 3.4x, both well below the median of its US-listed Technology peers of 2.8x and 16.6x, respectively. The price-to-book ratio is 0.6x, and EV-to-revenue is 0.4x. The company's 1-year return of -90.5% and year-to-date return of -92.6% both lag the S&P 500 (SPY) 1-year return of 16.8%. The stock traded at $0.31 on October 16, 2026, which is -78.5% relative to its 200-day average.

HPAI key metrics →

What analysts expect

For the current fiscal year ending June 30, 2026, the consensus revenue estimate stands at $0. The company's next earnings date is scheduled for November 16, 2026. Over the trailing twelve months ended June 30, 2025, Helport AI Limited generated an EPS of -$0.02, while quarterly earnings growth dropped 38.9% year-over-year. Insiders hold 78.5% of shares, institutions own 0.5%, and short interest represents 0.6% of the float. The stock closed at $0.31 on October 16, 2026, within its 52-week range of $0.25 to $4.57.

Key risks and what to watch

  • Cash and short-term investments stood at $152,051 against net debt of $2.2M as of September 30, 2025.
  • Operating margin compressed from 31.1% in FY2024 to 7.9% in FY2025 and reached -19.1% on a trailing twelve-month basis.
  • The stock has declined 90.5% over the past year, trading at $0.31 compared to its 52-week high of $4.57.
  • Capital expenditures of $14.7M in FY2025 contributed to a negative free cash flow of -$5.6M.

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 HPAI AI stock analysis

This page is an AI-written research summary of Helport AI Limited (HPAI). 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: HPAI income statement, HPAI balance sheet, HPAI key metrics, HPAI chart. See the HPAI stock overview for the latest quote and news.

HPAI AI stock analysis FAQ

What is Helport AI Limited's stock ticker and exchange?

Helport AI Limited trades on the NASDAQ under the ticker symbol HPAI.

What was Helport AI Limited's revenue growth in FY2025?

Helport AI Limited generated $34.9M in revenue for FY2025, representing an increase of 17.9% over FY2024.

How much cash and debt does Helport AI Limited carry?

As of September 30, 2025, the company had $152,051 in cash and short-term investments and $2.4M in total debt, yielding net debt of $2.2M.

Does Helport AI Limited pay a dividend?

Helport AI Limited does not pay a dividend.

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