TryHard Holdings Limited (THH) AI Stock Analysis
THH AI stock analysis summary
AI ResearchTryHard Holdings Limited (THH) is an Osaka-based lifestyle entertainment company providing event curation, consultancy, sub-leasing, and restaurant operations. For the trailing twelve months, the company generated revenue of $3.55B but posted an operating margin of -25.9% and an eps of -$0.05. The stock has experienced severe pressure, sliding 99.3% year-to-date to trade at $1.36 as of October 16, 2026.
- Market cap
- $6.8M
- Revenue (TTM)
- $3.55B
- P/E
- —
- 1Y return
- -98.2% S&P 500 16.8%
- Avg. target
- —
Bull case
- TryHard achieved a two-year revenue CAGR of 6.4% from FY2023 to FY2025, reaching $3.41B in annual revenue.
- The company maintains a current ratio of 1.57 and total cash and short-term investments of $121.3M as of December 31, 2025.
- Insiders hold 42.3% of the company's shares, aligning executive ownership with equity performance.
Bear case
- The company carries total debt of $1.80B compared to cash and short-term investments of $121.3M, leaving net debt at $1.68B.
- Operating performance turned negative with an operating margin of -25.9% over the trailing twelve months and quarterly earnings declining 86.2% year-over-year.
- Free cash flow plunged to -$234.8M in FY2025, alongside negative operating cash flow of -$190.4M.
What TryHard does
TryHard Holdings Limited is an entertainment and hospitality company that operates across four main divisions: Consultancy and Management, Event Curation, Sub-Leasing, and Restaurants. Its event curation services encompass conceptualizing events, designing stage themes, and supplying public announcement sound systems, lighting, disc jockey and video jockey technicians, security, graphic and web design, music video production, and ticketing. Through consultancy and management, it handles venue operations, artist production, VIP packages, and food and beverage services. The company also offers sub-leasing solutions for entertainment venues and operates a portfolio of restaurants offering various dining experiences from its headquarters in Osaka, Japan.
Growth and profitability
Revenue rose from $3.01B in FY2023 to $3.46B in FY2024, representing growth of 14.9%, before decreasing 1.4% to $3.41B in FY2025, yielding a two-year revenue CAGR of 6.4%. Gross margin moved from 19.3% in FY2023 to 22.6% in FY2024, but contracted to 18.3% in FY2025. Operating margin dropped from 2.4% in FY2023 and 4.6% in FY2024 to -2.1% in FY2025, deteriorating further to -25.9% for the trailing twelve months. Net income fell from $137.4M in FY2024 to $14.6M in FY2025. In the latest quarter ended September 30, 2025, quarterly revenue grew 0.5% year-over-year, while quarterly earnings declined 86.2%.
Balance sheet and cash flow
As of December 31, 2025, TryHard Holdings held cash and short-term investments of $121.3M against total debt of $1.80B, resulting in net debt of $1.68B and a debt-to-equity ratio of 1.56. Shareholders' equity stood at $1.16B against total assets of $3.58B, with a current ratio of 1.57. Cash generation weakened in FY2025, as operating cash flow swung to -$190.4M and free cash flow reached -$234.8M. For capital allocation, the company directed $44.4M toward capital expenditures during FY2025.
Valuation and performance
TryHard Holdings holds an enterprise value of $18.4M and a market capitalization of $6.8M. The stock trades at an EV to EBITDA multiple of 15.5x, above the 13.9x median for US-listed Industrials peers. Its price to sales ratio of 0.0x stands below the peer median of 1.5x, while its price to book ratio is 1.0x. Over the past year, THH shares fell 98.2%, substantially lagging the 16.8% return for the S&P 500 (SPY). The stock closed at $1.36 on October 16, 2026, sitting 91.9% below its 200-day moving average.
What analysts expect
TryHard Holdings closed at $1.36 on October 16, 2026, hovering near its 52-week low of $1.26. The company currently lacks published Wall Street analyst recommendations, mean price targets, and consensus earnings per share forecasts. In addition, no earnings track record surprises or future earnings report dates are scheduled. Investors tracking the stock must rely on reported historical figures, such as trailing twelve-month revenue of $3.55B, rather than analyst projection models to evaluate forward performance.
Key risks and what to watch
- High leverage is a concern, as the debt-to-equity ratio reached 1.56 alongside total debt of $1.80B as of December 31, 2025.
- Prolonged cash burn poses liquidity pressure following free cash flow of -$234.8M in FY2025.
- Severe equity depreciation has occurred, with the stock plunging 99.3% year-to-date to trade at $1.36.
- Profitability remains under pressure, evidenced by a trailing twelve-month profit margin of -1.1% and return on equity of -5.0%.
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 THH AI stock analysis
This page is an AI-written research summary of TryHard Holdings Limited (THH). 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: THH income statement, THH balance sheet, THH chart. See the THH stock overview for the latest quote and news.
THH AI stock analysis FAQ
What is TryHard Holdings Limited's business model?
TryHard Holdings is a lifestyle entertainment and hospitality provider operating in event curation, venue consultancy and management, venue sub-leasing, and restaurant operations. The company was founded in 2013 and is based in Osaka, Japan.
What is THH's current debt position?
As of December 31, 2025, TryHard Holdings reported total debt of $1.80B and cash and short-term investments of $121.3M, resulting in net debt of $1.68B. Its debt-to-equity ratio is 1.56.
How did TryHard Holdings perform financially in FY2025?
In FY2025, TryHard generated revenue of $3.41B, down 1.4% from FY2024, with net income of $14.6M. Operating cash flow fell to -$190.4M, producing negative free cash flow of -$234.8M.
Does TryHard Holdings pay a dividend?
TryHard Holdings does not pay a regular dividend according to reported corporate data. Capital allocation has focused on operations and capital expenditures, which totaled $44.4M in FY2025.