Hwh International IncHwh International Inc
Hwh International Inc

Hwh International Inc

HWH
Consumer Discretionary·Hotels, Restaurants & Leisure

HWH International, Inc. operates as a lifestyle business through a membership model. It enables home-based people in the new GIG economy to create lasting wealth. Its segments include HWH Marketplace, Hapi Café, Hapi Travel Destinations, and Hapi Wealth Builder. HWH Marketplace offers discounted sale of certain products, manufactured by affiliate company, Sharing Services Global Corp., to members. Hapi Café offers location-based social experiences where members can build a sense of community with like-minded customers with a potential interest in the same products. Hapi Travel Destinations aims to offer exclusive access to unpublished rates and discounts on air travel, cruises, car rentals, hotels, and resorts for members. Hapi Wealth Builder is exploring options of providing services to members through educational materials and seminars aimed at various types of investing opportunities. The company is headquartered in Bethesda, MD.

Maryland; U.S.A
Market cap
No dataNo data
Revenue
$866.9K−30.8% YoY
Net income
$-2.6M−1.5% YoY
Free cash flow
$-1.8M−4.7% YoY

Market

Listed stock
HWHPriceNasdaq
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Financial performance

Revenue
$866.9K−30.8% YoY
Operating income
$-3.2M−31.5% YoY
Net income
$-2.6M−1.5% YoY
Free cash flow
$-1.8M−4.7% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $4.9M, 2022 $1.2M, 2023 $830.5K, 2024 $1.3M, 2025 $866.9K. Operating income: 2021 $1.8M, 2022 $-957.4K, 2023 $-2.9M, 2024 $-2.4M, 2025 $-3.2M. Net income: 2021 $1.3M, 2022 $-946K, 2023 $-1.1M, 2024 $-2.6M, 2025 $-2.6M. Free cash flow: 2021 $620.9K, 2022 $-1.4M, 2023 $-2.6M, 2024 $-1.7M, 2025 $-1.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-30.8%−8178 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.8M, 2022-12-31 $-957.4K, 2023-12-31 $-2.9M, 2024-12-31 $-2.4M, 2025-12-31 $-3.2M. Net income: 2021-12-31 $1.3M, 2022-12-31 $-946K, 2023-12-31 $-1.1M, 2024-12-31 $-2.6M, 2025-12-31 $-2.6M. Free cash flow: 2021-12-31 $620.9K, 2022-12-31 $-1.4M, 2023-12-31 $-2.6M, 2024-12-31 $-1.7M, 2025-12-31 $-1.8M

Growth heatmap

2022202320242025CAGR
Revenue
-75.5%
-31.0%
+50.9%
-30.8%
No data
Gross profit
-77.7%
-3.7%
+21.4%
-23.6%
No data
Operating income
-153.2%
-203.7%
+16.6%
-31.5%
No data
Free cash flow
-321.5%
-90.1%
+35.4%
-4.7%
No data

Earnings quality

Operating cash flow
$-1.8M−5.4% YoY
Net income
$-2.6M−1.5% YoY
Free cash flow
$-1.8M−4.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 67%, 2024-12-31 64%, 2023-12-31 241%, 2022-12-31 128%, 2021-12-31 50%. Free cash flow: 2025-12-31 67%, 2024-12-31 65%, 2023-12-31 242%, 2022-12-31 145%, 2021-12-31 47%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
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No data
Free cash flow yield
No data
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