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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Hotel101 Global Holdings Corp. operates prop-tech hospitality platform internationally. It enables hotel and hospitality sector through its tech-enabled business model, including advance sale of individual hotel units during the construction phase; and long-term recurring revenue derived from day-to-day hotel operations. The company is based in Singapore, Singapore.
How they make money
Hotel101 operates an asset-light, prop-tech hospitality platform that generates revenue through two primary streams. First, it earns upfront revenue from the sale of standardized hotel units to individual investors during the construction phase. Second, it generates long-term recurring revenue by managing and operating these units as hotels under the Hotel101 brand.
Products & services
Standardized condotel units and hotel management services.
Brands & revenue mix
Hotel101
The primary brand under which the company's standardized condotel units are developed and operated.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company relies on individual real estate unit buyers for its primary revenue stream, with no single customer accounting for a material portion of total revenue as of 2025-12-31.
Suppliers, materials & equipment
Construction Contractors — Third-party construction firms engaged for the development of hotel properties; specific supplier names are unnamed.Source
Business relationships & partnerships
MATCH Hospitality AG — A 10-year partnership agreement to serve as an Official Hotel partner for the Formula 1 Spanish Grand Prix.Source
Horizon Group — Joint venture agreement to develop up to 10 Hotel101 projects in Saudi Arabia.Source
Overall investment score · Quality, value, risk and opportunity
33
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
54
Fair
Financial Strength
22
Business Quality / Moat
100
Management
60
Growth Quality
67
Risk / Durability
2
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
What we like
•Recent buyback activity is present
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for HBNB
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can HBNB maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can HBNB fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is HBNB likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for HBNB to reach sustainable profitability?
•What future growth or profitability would be needed to justify HBNB's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HBNB
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.2x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on HBNB.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Asset-light business model.
+Standardized condotel platform.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Real Estate - Services industry.
−Reliance on related-party funding from DoubleDragon.
−Exposure to customer defaults on deferred payment schemes.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak33/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
10
Debt Cost584.8%
Debt Reduction YoY-13.3%
Debt / Equity0.07x
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Revenue
Weak
41
Revenue YoY1177.7%
Revenue CAGR22965.6%
Net Margin-35.2%
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Asset
Fair
64
Asset Growth YoY75.6%
Liquidation/Share$0.08
Net Assets/MCap0.13x
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Capital
Poor
0
Earnings Yield-2.3%
Buyback Yield0.0%
Debt Cost584.8%
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Management
Fair
60
ROIC38.8%
ROE-156.1%
ROA-17.5%
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Moat
Elite
100
EPS Growth—
FCF/Share Growth—
Rev/Share Growth1070.7%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Weak
44
Revenue41
Moat100
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Fair
50
Interest Coverage0.2x
ROIC38.8%
FCF Yield-3.7%
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Master
Poor
29
Financial50
Valuation0
Debt10
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Resilience
Poor
30
Survival Years0.3 yrs
Current Ratio1.01x
FCF Margin-56.9%
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Score Changes
4 historical score records available
Previous Score
33
Sep 28, 2026
Change
Unchanged
Current Score
33
Oct 1, 2026
Category Changes
Revenue-0.1
Debt0
Assets-0.2
Capital0
Management0
Moat0
Valuation0
Buffett-0.1
HBNB score was unchanged.
Projected Score
Projected Score
40
Projected Change
+6.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 6.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$4.91
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Large reported revenue change: +1177.7%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
Revenue
$75.9M
$75.9M
$5.9M
$1K
Cost of Revenue
$43.4M
$43.4M
$3.4M
$0.00
Gross Profit
$32.4M
$32.4M
$2.6M
$1K
Research & Development
$0.00
$0.00
$0.00
$0.00
SG&A Expenses
$28.8M
$28.8M
$6.2M
$1.5M
Operating Expenses
$31.0M
$31.0M
$7.4M
$2.1M
EBITDA
-$11.2M
-$11.2M
-$4.2M
-$1.9M
Operating Income
$1.4M
$1.4M
-$4.8M
-$2.1M
Interest Expense
$7.3M
$7.3M
$1.6M
$174K
Income Before Tax
-$19.3M
-$19.3M
-$6.5M
-$2.2M
Income Tax Expense
$7.4M
$7.4M
$0.00
-$28K
Net Income
-$26.7M
-$26.7M
-$6.5M
-$2.2M
Basic EPS
$-0.13
$-0.13
$-0.03
$-0.01
Basic Shares
—
213M
196M
234M
Diluted Shares
—
213M
196M
234M
EarningsShare
Earnings Summary
Estimated earnings date:A future estimated earnings date is not currently available.
Dec 31, 2025FYFY2025
Revenue
$75.9M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.13
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+13.3%
Cash Change
-2.5%
Margin Change
+73.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
What Weakened
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 1177.7%. EPS increased 333.3%. Cash declined 2.5%. Total debt increased 13.3%. Net income margin improved by 73.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.