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Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
HWH International Inc. manages a digital marketplace, providing an array of products and services designed to foster well-being, financial growth, and overall contentment. Its diversified offerings include the flagship HWH Marketplace, a general commercial platform; Hapi Café; the Hapi Travel Destination, enabling reservations for trips, accommodations, and holiday packages; and the Hapi Wealth builder program. The corporation's main offices are located in Bethesda, Maryland, and it operates as a subsidiary of Alset International Limited.
How they make money
HWH International Inc. operates a diversified business model focused on the food and beverage sector through its Hapi Café brand and an online healthy food marketplace. Additionally, the company engages in wealth-building strategies and lifestyle services, operating primarily in Singapore and South Korea to provide health-conscious dining and consumer products.
Products & services
The company provides health-focused dining through Hapi Cafés, operates an online healthy food store known as Hapi Marketplace, and offers wealth-building educational services.
Brands & revenue mix
Hapi Café
A health-focused dining brand operated by the company.
Separate brand revenue is not available in this research.Source
Hapi Marketplace
An online healthy food store operated by the company.
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.
Customer types
Health-conscious consumers in Singapore and South KoreaSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Food and beverage ingredient suppliers — The company sources various food and beverage ingredients for its café operations; specific supplier names are not publicly disclosed.Source
Strengths
Strategic focus on the health and wellness food market in AsiaSource
Risks
History of operating losses and negative net incomeSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Opportunity Score is currently unavailable; Wall Street Score remains independently validated.
The unavailable Opportunity Score is a separate model output. It must not be substituted with zero or inferred from the company score.
Quarterly revenue fell 79.3% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Diluted weighted-average shares increased 16.4% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
22
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
33
Poor
Financial Strength
34
Business Quality / Moat
53
Management
40
Growth Quality
0
Risk / Durability
13
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
No strong positive signal is being highlighted from the currently available summary data.
What to watch
•Elevated debt risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for HWH
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.
•What is driving HWH's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can HWH fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is HWH likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for HWH to reach sustainable profitability?
•What future growth or profitability would be needed to justify HWH'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 HWH
Detected from reported data — verify before acting.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on HWH.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Strategic focus on the health and wellness food market in Asia.
Potential downside factors
−Debt risk (elevated): Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Free cash flow is negative.
−History of operating losses and negative net income.
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.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak22/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
47
Debt Cost5.4%
Debt Reduction YoY45.9%
Debt / Equity0.37x
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Revenue
Poor
2
Revenue YoY-55.0%
Revenue CAGR2.2%
Net Margin-680.0%
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Asset
Poor
22
Asset Growth YoY-28.7%
Liquidation/Share$0.43
Net Assets/MCap0.21x
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Capital
Poor
33
Earnings Yield-12.8%
Buyback Yield108.0%
Debt Cost5.4%
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Management
Weak
40
ROIC-214.1%
ROE-96.9%
ROA-58.8%
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Moat
Fair
53
EPS Growth—
FCF/Share Growth—
Rev/Share Growth20.5%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
29
Revenue2
Moat53
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
12
Interest Coverage-58.8x
ROIC-214.1%
FCF Yield-9.6%
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Master
Poor
18
Financial12
Valuation0
Debt47
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Resilience
Poor
30
Survival Years1.1 yrs
Current Ratio2.32x
FCF Margin-229.4%
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Score Changes
3 historical score records available
Previous Score
22
Aug 14, 2026
Change
-0.3
points
Current Score
22
Oct 1, 2026
Category Changes
Revenue-0.1
Debt0
Assets-3.8
Capital0
Management0
Moat0
Valuation0
Buffett-0.6
HWH decreased 0.3 points because Asset declined by 3.8 points.
Negative Contributors
− Asset declined by 3.8 points
Projected Score
Projected Score
27
Projected Change
+5.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 5.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$2.68
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.
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
2022
2021
2020
Revenue
$390K
$867K
$1.3M
$831K
····
····
····
Cost of Revenue
$159K
$407K
$652K
$335K
····
····
····
Gross Profit
$231K
$460K
$602K
$496K
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
SG&A Expenses
$3.3M
$3.5M
$2.6M
$2.9M
····
····
····
Operating Expenses
$3.3M
$3.5M
$2.6M
$2.9M
····
····
····
EBITDA
-$2.7M
-$2.5M
-$2.5M
-$603K
····
····
····
Operating Income
-$3.1M
-$3.1M
-$2.0M
-$2.4M
····
····
····
Interest Expense
$44K
$52K
$72K
$0.00
····
····
····
Income Before Tax
-$2.7M
-$2.6M
-$2.6M
-$661K
····
····
····
Income Tax Expense
$5K
$47K
$0.00
$415K
····
····
····
Net Income
-$2.7M
-$2.6M
-$2.6M
-$1.1M
····
····
····
Basic EPS
$-0.39
$-0.40
$-0.16
$-0.33
····
····
····
Basic Shares
7.54M
6.56M
16.68M
3.24M
····
····
····
Diluted Shares
7.54M
6.56M
16.68M
3.24M
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$64200
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-84.2%
Cash Change
-59.6%
Margin Change
+303.3 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
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels, net income margin. Pressure indicators included revenue growth, cash 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 declined 79.3%. EPS increased 132.6%. Cash declined 59.6%. Total debt declined 84.2%. Net income margin improved by 303.3 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.
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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.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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