HWH International Inc. (HWH) Income Statement
HWH FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsHWH revenue and net income
Where HWH's revenue goes
FY2025Each bar shows an amount and its share of revenue. HWH kept −303.4% of revenue as net income.
HWH profit margins
HWH growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.8% | −10.3% | −22.7% | — |
| Gross profit | −23.6% | −5.6% | −18.9% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HWH quarterly EPS vs estimates
Next report: October 20, 2026.
HWH income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $866,926 | $1.3M | $830,519 | $1.2M | $4.9M | $3.1M |
| Cost of revenue | $407,199 | $651,721 | $334,825 | $656,054 | $2.6M | $1.8M |
| Gross profit | $459,727 | $601,856 | $495,694 | $546,836 | $2.3M | $1.3M |
| Sales, general & admin | $3.5M | $2.6M | $2.9M | $1.6M | $504,540 | $584,664 |
| Total operating expenses | $3.5M | $2.6M | $2.9M | $1.6M | $504,540 | $584,132 |
| Operating income | −$3.1M | −$2.0M | −$2.4M | −$1.0M | $1.8M | $728,661 |
| Interest expense | $52,242 | $72,076 | $0 | — | — | — |
| Income before taxes | −$2.6M | −$2.6M | −$661,279 | −$889,129 | $1.9M | $729,193 |
| Income taxes | $47,472 | −$15,773 | $415,383 | $186,923 | $576,326 | $97,085 |
| Net income | −$2.6M | −$2.6M | −$1.1M | −$893,965 | $1.3M | $632,108 |
| EBITDA | −$2.5M | −$2.5M | −$603,273 | −$660,709 | $2.1M | $730,258 |
| EPS (diluted) | −$0.41 | −$0.88 | −$0.15 | $0.01 | $0.14 | — |
| Gross margin | 53.0% | 48.0% | 59.7% | 45.5% | 46.9% | 41.7% |
| Operating margin | −354.4% | −163.1% | −290.6% | −86.2% | 36.6% | 23.2% |
| Net margin | −303.4% | −206.7% | −130.1% | −74.3% | 27.0% | 20.1% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64,200 | $64,200 | $54,560 | $206,778 | $310,391 | $295,197 | $287,062 | $345,523 | $334,882 | $286,110 | $207,852 | $226,907 |
| Cost of revenue | $43,836 | $16,912 | $14,899 | $83,196 | $161,501 | $147,603 | $173,285 | $185,654 | $169,969 | $122,813 | $97,000 | $86,436 |
| Gross profit | $20,364 | $47,288 | $39,661 | $123,582 | $148,890 | $147,594 | $113,777 | $159,869 | $164,913 | $163,297 | $110,851 | $140,472 |
| Sales, general & admin | $249,063 | $672,202 | $2.1M | $324,976 | $488,681 | $664,242 | $375,302 | $487,394 | $654,740 | $1.1M | $421,669 | — |
| Total operating expenses | $249,063 | $672,202 | $2.1M | $324,976 | $488,681 | $664,242 | $548,587 | $487,394 | $654,740 | $1.1M | $548,929 | $1.0M |
| Operating income | −$228,699 | −$624,914 | −$2.0M | −$201,394 | −$339,791 | −$516,648 | −$261,525 | −$327,525 | −$490,000 | −$965,890 | −$613,669 | −$395,777 |
| Interest expense | $2,337 | $9,132 | $59,540 | $32,127 | $29,529 | $50,126 | $16,797 | $18,451 | $18,697 | $18,131 | — | — |
| Income before taxes | $210,657 | −$626,773 | −$1.9M | −$295,094 | $75,977 | −$531,155 | −$329,201 | −$537,143 | −$403,641 | −$1.3M | −$183,784 | −$130,900 |
| Income taxes | — | −$576 | — | $4,524 | −$7,412 | $42,948 | — | $11,349 | −$15,718 | $316 | $40,379 | $45,124 |
| Net income | $211,965 | −$626,197 | −$1.9M | −$291,004 | $83,389 | −$565,131 | −$317,478 | −$548,492 | −$387,923 | −$1.3M | −$1.0M | −$176,025 |
| EBITDA | $215,040 | −$624,914 | −$2.0M | −$246,748 | $108,888 | −$477,744 | — | −$503,372 | −$384,944 | −$1.3M | −$423,457 | $866,195 |
| EPS (diluted) | −$0.02 | −$0.08 | −$0.29 | −$0.04 | $0.01 | −$0.09 | −$0.06 | −$0.16 | −$0.12 | −$0.45 | −$0.25 | −$0.19 |
| Gross margin | 31.7% | 73.7% | 72.7% | 59.8% | 48.0% | 50.0% | 39.6% | 46.3% | 49.2% | 57.1% | 53.3% | 61.9% |
| Operating margin | −356.2% | −973.4% | −3,691.7% | −97.4% | −109.5% | −175.0% | −91.1% | −94.8% | −146.3% | −337.6% | −295.2% | −174.4% |
| Net margin | 330.2% | −975.4% | −3,564.9% | −140.7% | 26.9% | −191.4% | −110.6% | −158.7% | −115.8% | −467.2% | −486.5% | −77.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HWH's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HWH financial results
In fiscal year 2025 (ended November 30, 2025), HWH International reported revenue of $0.9 million, down 30.8% from the year before. It had a net loss of $2.6 million, a net profit margin of −303.4%. Diluted earnings per share came to −$0.41. Over five years revenue grew at an average rate of −22.7% a year.
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HWH income statement FAQ
What is HWH International's annual revenue?
HWH International reported total revenue of $0.9 million for fiscal year 2025, which ended on November 30, 2025. That was down 30.8% from $1.3 million the previous year.
Is HWH International profitable?
No. HWH International reported a net loss of $2.6 million in fiscal 2025, a net profit margin of −303.4%; its operating margin was −354.4%.
What is HWH International's gross margin?
HWH International's gross margin was 53.0% in fiscal 2025: for every $100 of revenue, HWH International kept $53 after the direct cost of its products and services.
How fast is HWH International growing?
Revenue grew −22.7% a year on average over the last five fiscal years, from $3.1 million to $0.9 million.
What are HWH International's earnings per share?
HWH International earned $-0.41 per diluted share in fiscal 2025, compared with $-0.88 a year earlier.
When will HWH International report its next earnings?
HWH International is expected to report results for the quarter ending August 31, 2026 on October 20, 2026.
When does HWH International's fiscal year end?
HWH International's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on March 26, 2026.