Akso Health Group (AHG)
Akso Health Group, together with its subsidiaries, operates a social e-commerce mobile platform in the People’s Republic of China. It operates Xiaobai Maimai App, a social e-commerce mobile platform that offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. The company also sells medical devices, such as defibrillators and anesthesia laryngoscopes. In addition, it provides health treatment, consultancy support, and marketing promotion services, as well as technological promotion services and import and export. The company was formerly known as Xiaobai Maimai Inc. and changed its name to Akso Health Group in December 2021. Akso Health Group was founded in 2014 and is headquartered in Qingdao, China.
Sector: Services-Business Services, NEC
Industry: Medical - Distribution
Akso Health Group
NASDAQ:AHGFinancial Services · Financial - Credit Services
-2.31%$1.27
Mkt Cap$1.09B
Float848.72M
O/S856.7M
Inst Own0.0%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$13.83M
Net Income-$18.67M
Total Assets$189.63M
Free Cash Flow-$188.46M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$376K
Total Equity$180.93M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitAug 24, 20203 shares → 1
Balance Sheet Details
Assets$189.63M
Liabilities$8.71M
Accounts Receivable$1.28M
Accounts Payable$0
Inventory$200K
PP&E (Net)$29K
Goodwill$0
Intangible Assets$58K
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 |
| Revenue | $13.83M | $14.78M | $2.41M | $13.18M | $6M | $1.75M | $6.91M | $3.7M | $107.26M | $22.92M | $11.89M | $4.65M |
| YoY Growth | -6.4% | 512.1% | -81.7% | 119.7% | 241.9% | -74.6% | 87.1% | -96.6% | 368.0% | 92.7% | 156.0% | - |
| Cost of Revenue | $13.84M | $15.06M | $2.29M | $11.91M | $5.39M | $545K | $0 | $0 | $8.5M | $5.15M | $2.36M | $1.61M |
| Gross Profit | -$11K | -$282K | $122K | $1.27M | $605K | $1.21M | $6.91M | $3.7M | $98.76M | $17.77M | $9.54M | $3.04M |
| Gross Margin | -0.1% | -1.9% | 5.1% | 9.6% | 10.1% | 69.0% | 100.0% | 100.0% | 92.1% | 77.5% | 80.2% | 65.4% |
| Research and Development | $0 | $0 | $0 | $0 | $421K | $441K | $1.03M | $0 | $8.5M | $5.15M | $2.36M | $1.61M |
| Selling, General, and Administrative | $3.99M | $3.64M | $8.76M | $15.54M | $3.06M | $2.09M | $22.3M | $10.88M | $22.89M | $7.86M | $5.39M | $3.34M |
| Other | $0 | $162.38M | $0 | $0 | $383K | $25.83M | $31.69M | $0 | -$8.5M | -$5.15M | -$2.36M | -$1.61M |
| Total Operating Expenses | $3.99M | $166.02M | $8.76M | $15.54M | $3.87M | $28.36M | $55.02M | $10.88M | $22.89M | $7.86M | $5.39M | $3.34M |
| Operating Income (EBIT) | -$4M | -$166.3M | -$8.64M | -$14.27M | -$3.26M | -$27.15M | -$48.11M | -$7.19M | $75.88M | $9.91M | $4.14M | -$299K |
| Operating Margin | -28.9% | -1125.4% | -357.8% | -108.2% | -54.3% | -1547.1% | -695.7% | -194.6% | 70.7% | 43.3% | 34.8% | -6.4% |
| Interest Expense | $0 | $0 | $0 | $0 | $804K | $2.15M | $2.5M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $590K | $0 | $0 | $0 |
| Other Income (Expense) | -$16.7M | $34K | -$454K | $1.2M | -$748K | $23.34M | $1.23M | $381K | $661K | $180K | $26K | -$8K |
| Income Before Tax (EBT) | -$20.7M | -$166.27M | -$9.09M | -$13.07M | -$4.01M | -$3.81M | -$46.87M | -$6.81M | $76.54M | $10.09M | $4.17M | -$306K |
| Income Tax Expense | -$1.99M | -$30.8M | $25K | $18K | $93K | $483K | $490K | $808K | $11.03M | $1.52M | $628K | $44K |
| Net Income | -$18.67M | -$134.98M | -$9.46M | -$1.36M | -$16.85M | -$34.83M | -$71.2M | $5.53M | $65.48M | $8.57M | $3.54M | -$350K |
| Net Income Margin | -135.0% | -913.4% | -391.8% | -10.3% | -280.8% | -1984.5% | -1029.7% | 149.7% | 61.1% | 37.4% | 29.7% | -7.5% |
| Supplementary Data | ||||||||||||
| EPS | -0.03 | -0.48 | -0.45 | -0.06 | -2.55 | -0.26 | -13.14 | 0.93 | 12.36 | 1.62 | 0.66 | -0.07 |
| Diluted EPS | -0.03 | -0.48 | -0.39 | -0.06 | -2.55 | -0.27 | -13.14 | 0.93 | 12.36 | 1.62 | 0.66 | -0.07 |
| Weighted Average OS | 722.71M | 285.10M | 20.81M | 7.62M | 6.62M | 5.43M | 5.42M | 5.88M | 5.30M | 5.32M | 5.32M | 5.32M |
| EBITDA | -$1.63M | -$1.77M | -$8.64M | -$14.25M | -$3.19M | -$28.9M | -$44.25M | -$6.79M | $76.71M | $10.01M | $4.2M | -$279K |
| EBITDA Margin | -11.8% | -12.0% | -357.8% | -108.1% | -53.1% | -1646.8% | -640.0% | -183.8% | 71.5% | 43.7% | 35.3% | -6.0% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $171K | $176.23M | $85.17M | $7.92M | $18.43M | $15.13M | $6.67M | $57.37M | $132.62M | $19.23M | $7.82M | $955K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $171K | $176.23M | $85.17M | $7.92M | $18.43M | $15.13M | $6.67M | $57.37M | $132.62M | $19.23M | $7.82M | $955K |
| Accounts Receivable | $1.28M | $12.9M | $0 | $9.23M | $20M | $14.4M | $36.26M | $36.97M | $29.31M | $2.17M | $1.25M | $0 |
| Inventory | $200K | $190K | $191K | $1.69M | $7.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $12.23M | $6.81M | $403K | $1.62M | $16.23M | $0 | $8.69M | $0 | $0 | $6.15M | $0 | $889K |
| Total Current Assets | $189.55M | $196.12M | $142.02M | $20.46M | $62.63M | $30.12M | $52.02M | $97.68M | $163.12M | $27.55M | $9.62M | $1.84M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $29K | $115K | $0 | $0 | $55K | $67K | $764K | $1.25M | $767K | $428K | $253K | $205K |
| Goodwill | $0 | $10.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $58K | $7.88M | $0 | $0 | $0 | $0 | $0 | $0 | $332K | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $30.79M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.72M | $0 | $400K | $568K | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $122K | $1.5M | $26.09M | $39.81M | -$332K | $0 | $11.95M | $5.34M |
| Total Long-Term Assets | $87K | $18.83M | $0 | $0 | $177K | $1.56M | $28.46M | $75.58M | $767K | $828K | $12.77M | $5.55M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $189.63M | $214.95M | $142.02M | $20.46M | $62.81M | $31.69M | $80.48M | $173.26M | $163.89M | $28.38M | $22.39M | $7.39M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $351K | $0 | $0 | $0 | $0 | $10M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $93K | $34K | $74K | $96K | $93K | $303K | -$43K | $9.37M | $20.06M | $4.09M | $2.1M | $0 |
| Current Unearned Revenue | $4.41M | $10.22M | $415K | $194K | $0 | $0 | $125K | $111K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $705K | $13M | $0 | $8.3M | $0 | $0 | $0 | $2.72M | $3.34M |
| Total Current Liabilities | $8.71M | $13.81M | $3.59M | $11.62M | $50.52M | $14.41M | $12.36M | $26.56M | $23.85M | $4.88M | $8.38M | $4.04M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $20M | $20M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $96K | $190K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $1.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | -$96K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $3K | $1.99M | $0 | $0 | $0 | $0 | $20.01M | $20.19M | $3.79B | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.79B | $0 | $0 | $0 |
| Total Liabilities | $8.71M | $15.8M | $3.59M | $11.62M | $50.52M | $14.41M | $32.38M | $46.75M | $23.85M | $4.88M | $8.38M | $4.04M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $257K | $166K | $44K | $7K | $7K | $5K | $5K | $5K | $5K | $4K | $4K | $0 |
| Retained Earnings | -$217.58M | -$198.9M | -$63.93M | -$54.47M | -$53.11M | -$36.26M | -$1.43M | $69.77M | $77.24M | $11.76M | $3.19M | -$350K |
| Comprehensive Income & Other | -$3.28M | -$3.77M | -$4.09M | -$3.85M | -$1.65M | -$3.1M | -$7.05M | -$1.76M | $4.38M | -$1.54M | -$465K | $17K |
| Other Stockholders' Equity | $398.25M | $397.86M | $202.25M | $63.19M | $65.38M | $53.52M | $49.53M | $56.73M | $62.8M | $11.74M | $10.82M | $3.7M |
| Total Equity | $180.93M | $199.12M | $138.37M | $8.73M | $12.28M | $17.27M | $48.1M | $126.5M | $140.04M | $23.5M | $14.01M | $3.35M |
| Minority Interest | -$12K | $32K | $57K | $114K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $189.65M | $214.92M | $141.96M | $20.35M | $62.8M | $31.69M | $80.48M | $173.26M | $163.89M | $28.38M | $22.39M | $7.39M |
| Supplementary Data | ||||||||||||
| Total Debt | $376K | $82K | $0 | $0 | $0 | $10M | $20.75M | $20M | $0 | $0 | $0 | $0 |
| Net Debt | $205K | -$176.15M | -$85.17M | -$7.92M | -$18.43M | -$5.13M | $14.09M | -$37.37M | -$132.62M | -$19.23M | -$7.82M | -$955K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 |
| Operating Activities | ||||||||||||
| Net Income | -$18.72M | -$135.47M | -$9.12M | -$13.08M | -$4.1M | -$34.72M | -$71.2M | $5.53M | $65.51M | $8.57M | $3.54M | -$350K |
| Depreciation & Amortization | $2.37M | $2.15M | $0 | $18K | $18K | $15K | $121K | $17K | $174K | $92K | $61K | $20K |
| Deferred Income Tax | -$1.99M | -$30.8M | $0 | $0 | $0 | $26.76M | $3.58B | -$3.72B | $416K | $136K | -$366K | -$219K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $392K | $55K | $347K | $6.59M | $1.83M | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$435K | -$860K | $327K | -$8.1M | $0 | -$25K | -$184K | -$419K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $1.5M | $6.11M | -$7.8M | $20.52M | $177K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $313K | $417K | $166K | $713K | $149K | -$82K | -$177K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$11.23M | $3.46M | $68K | $102K | $76K | $700K | -$30.72M | -$14.93M | $20.32M | -$609K | $3.79M | $2.51M |
| Total Working Capital Change | -$11.35M | $3.02M | $2.06M | -$1.17M | -$7.57M | $21.11M | -$30.9M | -$15.34M | $20.32M | -$609K | $3.79M | $3.14M |
| Other Non-Cash Items | $16.89M | $162.28M | $8.41M | $10.99M | $2.63M | -$3.16M | -$3.54B | $3.73B | -$526K | $320K | -$244K | $405K |
| Net Cash from Operating | -$12.79M | $1.18M | $1.35M | -$3.25M | -$8.63M | $10.06M | -$55.87M | -$1.73M | $87.72M | $8.19M | $7.03M | $2.59M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$2K | -$154K | $0 | $0 | -$5K | $0 | -$315K | -$945K | -$456K | -$288K | -$120K | -$224K |
| Acquisitions | $0 | -$93.75M | $0 | $0 | $0 | $0 | $8K | $6K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$14.59M | -$16.5M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$8K | -$6K | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$163.46M | -$12.01M | -$54.72M | $18.47M | -$19.96M | -$662 | $27.68M | -$50.66M | -$27.17M | $0 | $0 | $0 |
| Net Cash from Investing | -$163.46M | -$105.91M | -$54.72M | $18.47M | -$19.96M | -$662 | $12.78M | -$68.11M | -$27.62M | -$288K | -$120K | -$224K |
| Financing Activities | ||||||||||||
| Debt Repaid | - | - | - | - | $10M | $10M | - | -$20M | - | - | - | - |
| Common Stock Issuance | $0 | $195.88M | $139.34M | $0 | $10.02M | $5 | $0 | $0 | $43.27M | $2M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$2.67M | -$1.32M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.55M | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $34.76M | $963K | -$1.3M | $839K | $4.24M | $2.29M | $243K | -$1.41M |
| Net Cash from Financing | $350K | $195.88M | $131.65M | -$27.51M | $34.78M | -$9.04M | -$3.97M | -$29K | $47.52M | $4.29M | $243K | -$1.41M |
| Forex Effect | -$153K | -$1.12M | -$1.27M | -$437K | $608K | $3.18M | $609K | -$5.38M | $5.77M | -$777K | -$284K | $5K |
| Net Change in Cash | -$176.06M | $90.03M | $77.01M | -$12.73M | $6.8M | $4.2M | -$46.45M | -$75.25M | $113.39M | $11.41M | $6.86M | $955K |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$12.79M | $1.18M | $1.35M | -$3.25M | -$8.63M | $10.06M | -$55.87M | -$1.73M | $87.72M | $8.19M | $7.03M | $2.59M |
| Capital Expenditure | -$175.67M | -$154K | $0 | $0 | -$5K | $0 | -$315K | -$945K | -$456K | -$288K | -$120K | -$224K |
| Free Cash Flow | -$188.46M | $1.02M | $1.35M | -$3.25M | -$8.63M | $10.06M | -$56.18M | -$2.68M | $87.27M | $7.9M | $6.9M | $2.36M |
| Cash at Beginning | $176.23M | $86.2M | $9.19M | $21.93M | $15.13M | $10.93M | $57.37M | $132.62M | $19.23M | $7.82M | $955K | $0 |
| Cash at End | $171K | $176.23M | $86.2M | $9.19M | $21.93M | $15.13M | $10.93M | $57.37M | $132.62M | $19.23M | $7.82M | $955K |