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NASDAQ · WHOLESALE-JEWELRY, WATCHES, PRECIOUS STONES & METALS · SMALL CAP

AsiaStrategy SORA

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$11.0M
▼ 37.7% YoY
$12.3M
$-4.3M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Through our Operating Subsidiary in Hong Kong, Top Win International Trading Limited, we are a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. Our strategic location in Hong Kong positions us advantageously within the Asia-Pacific luxury market. Our revenue was US$11.0 million, US$17.6 million and US$18.8 million for the years ended December 31, 2025, 2024 and 2023 respectively. We do not own any property.

Written from the business description in AsiaStrategy's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

USD 11.0M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 11.0 · Net income 12.3
10M20M
20222025
Compound annual growth
−8.3%
+454.8%
+418.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

112 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -14.3% · Net 111.9%
50%100%-5%-10%
202220232025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.

Each USD of equity produced 106 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Net buybacks $ Dividends $
FY2022 · Dividends 446967.0 · Net buybacks ·
200000400000
2022

Total assetsUSD 39.7M
EquityUSD 21.8M
CashUSD 1.5M
Gross debtUSD 4.2M
Net debtUSD 2.7M
Current ratio6.51×

Net debt stands at 12% of equity.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SORA, 4-year financial record
Metric 2025202420232022
Revenue $B0.00.00.00.0
Operating income $B−0.00.00.00.0
EBITDA $B−0.00.00.00.0
Income tax $B0.0−0.00.00.0
Net income $B0.0−0.00.00.0
Free cash flow $B−0.0◌◌◌
EPS, diluted $0.50−0.000.010.00
Dividend / sh $◌◌◌◌
Payout %———621
ROE %106.1———
Shares out B0.020.020.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWholesale-Jewelry, Watches, Precious Stones & Metals
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2022

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