Akso Health Group
AHG Nasdaq Services-Business Services, Nec Financials FY2017โFY2026
Last close ยท Oct 23, 2026
$1.30
6.6%What Akso Health Group does
No business description yet.
- Legal name
- Akso Health Group
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F ยท Jul 23, 2026
- Accession ยท CIK
- 0001213900-26-080868
0001702318
Revenue and margins
Akso Health Group had $13.8M of revenue in fiscal 2026, down 6.4% on the year before.
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew โ28.3% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$12.8M in fiscal 2026, โ92.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Akso Health Group returned โ to shareholders in fiscal 2026. The diluted share count rose 153.5%.
Balance sheet
Cash, debt and the ratios that show how comfortably Akso Health Group can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $18.4M | $7.9M | $85.2M | $176M | $0.2M |
| Interest coverage | โ4.1x | โ | โ | โ | โ |
| Current ratio | 1.2x | 1.8x | 39.5x | 14.2x | 21.8x |
| Quick ratio | 1.1x | 1.6x | 39.5x | 14.2x | 21.7x |
| Total assets | $62.8M | $20.5M | $142M | $215M | $190M |
| Total liabilities | $50.5M | $11.6M | $3.6M | $15.8M | $8.7M |
| Shareholders' equity | $12.3M | $8.7M | $138M | $199M | $181M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 4 / 7 | 1 / 8 | 5 / 8 | 3 / 8 | 3 / 8 | 3 / 8 | 3 / 8 | 3 / 8 | 5 / 8 |
| Accruals ratio | 1.3% | โ23.1% | 4.3% | โ10.2% | โ68.4% | โ14.5% | 4.5% | โ13.3% | โ76.3% | โ2.9% |
| Altman Z'' | โ | 16.39 | 6.57 | 0.72 | 0.40 | โ1.57 | โ9.74 | 44.94 | 10.58 | 23.59 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $22.9M | $107M | $3.7M | $6.9M | $1.8M | $6.0M | $13.2M | $2.4M | $14.8M | $13.8M |
| Net interest income | โ | $0.6M | โ | โ | โ | โ | โ | โ | โ | โ |
| Provision for credit losses | โ | โ | $1.1M | $14.2M | $22.2M | $5.6M | โ | โ | โ | โ |
| Gross profit | $22.9M | $107M | โ$3.7M | $6.9M | $1.8M | $0.6M | $1.3M | $0.1M | โ$0.3M | โ$0.0M |
| Research and development | $1.6M | $2.8M | $0.0M | $0.1M | $0.4M | $0.4M | โ | โ | โ | โ |
| Operating income | $9.9M | $75.9M | โ$7.2M | โ$48.1M | โ$4.2M | โ$3.3M | โ$14.3M | โ$8.6M | โ$166M | โ$20.7M |
| Interest expense | โ | โ | โ | โ | $2.2M | $0.8M | โ | โ | โ | โ |
| Pretax income | $10.1M | $76.5M | โ$6.8M | โ$46.9M | โ$4.3M | โ$4.0M | โ$13.1M | โ$9.1M | โ$166M | โ$20.7M |
| Income tax | $1.5M | $11.0M | $0.8M | $0.5M | $0.5M | $0.1M | $0.0M | $0.0M | โ$30.8M | โ$2.0M |
| Net income | $8.6M | $65.5M | $5.5M | โ$71.2M | โ$34.8M | โ$16.9M | โ$1.4M | โ$9.5M | โ$135M | โ$18.7M |
| Net income to common | $8.6M | $65.5M | $5.5M | โ$71.2M | โ | โ | โ | โ$9.5M | โ$135M | โ$18.7M |
| Diluted EPS | $0.60 | $4.11 | $0.30 | โ$4.38 | โ$2.13 | โ$0.84 | โ$0.06 | $0.21 | $0.48 | $0.03 |
| Diluted shares | 0.01B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.05B | 0.29B | 0.72B |
| Cash flow | ||||||||||
| Cash from operations | $8.2M | $87.7M | โ$1.7M | โ$58.3M | $10.1M | โ$8.6M | โ$3.3M | $1.4M | $1.2M | โ$12.8M |
| Capital expenditure | $0.3M | $0.5M | $0.0M | $0.2M | โ | $0.0M | โ | โ | $0.2M | $0.0M |
| Free cash flow | $7.9M | $87.3M | โ$1.7M | โ$58.5M | โ | โ$8.6M | โ | โ | $1.0M | โ$12.8M |
| Depreciation and amortization | $0.1M | $0.2M | $0.0M | $0.1M | $0.0M | $0.0M | โ | โ | $2.1M | $2.4M |
| Stock-based compensation | $0.0M | $1.8M | $6.6M | $0.3M | $0.1M | $0.4M | โ | โ | โ | โ |
| Acquisitions | โ | โ | โ | โ | โ | โ | โ | $56.3M | $93.8M | โ |
| Share buybacks | โ | โ | $1.3M | $2.7M | โ | โ | โ | โ | โ | โ |
| Dividends paid | โ | โ | $19.5M | โ | โ | โ | โ | โ | โ | โ |
| Dividends and buybacks | โ | โ | $20.9M | $2.7M | โ | โ | โ | โ | โ | โ |
| Balance sheet | ||||||||||
| Cash and short-term investments | $19.2M | $133M | $57.4M | $6.7M | $15.1M | $18.4M | $7.9M | $85.2M | $176M | $0.2M |
| Loans, net | โ | $28.7M | $76.4M | $26.7M | $5.5M | โ | โ | โ | โ | โ |
| Current assets | โ | $163M | $97.7M | $52.0M | $30.1M | $62.8M | $20.5M | $142M | $196M | $190M |
| Current liabilities | โ | $23.8M | $26.6M | $12.4M | $14.4M | $50.5M | $11.6M | $3.6M | $13.8M | $8.7M |
| Inventory | โ | โ | โ | โ | โ | $7.8M | $1.7M | $0.2M | $0.2M | $0.2M |
| Property and equipment, net | $0.4M | $0.8M | $1.3M | $0.1M | $0.1M | $0.1M | โ | โ | $0.0M | $0.0M |
| Goodwill | โ | โ | โ | โ | โ | โ | โ | โ | $10.8M | โ |
| Intangible assets | โ | โ | โ | โ | โ | โ | โ | โ | $7.9M | $0.1M |
| Total assets | $28.4M | $164M | $173M | $80.5M | $50.7M | $62.8M | $20.5M | $142M | $215M | $190M |
| Total liabilities | $4.9M | $23.8M | $46.8M | $32.4M | $14.4M | $50.5M | $11.6M | $3.6M | $15.8M | $8.7M |
| Shareholders' equity | $23.5M | $140M | $127M | $48.1M | $17.3M | $12.3M | $8.7M | $138M | $199M | $181M |
| Margins | ||||||||||
| Gross margin | 100.0% | 100.0% | โ100.2% | 100.0% | 100.0% | 10.1% | 9.6% | 5.1% | โ1.9% | โ0.1% |
| Operating margin | 43.3% | 70.7% | โ194.6% | โ695.7% | โ241.7% | โ54.3% | โ108.2% | โ357.8% | โ1,125.4% | โ149.7% |
| EBITDA margin | 43.7% | 70.9% | โ194.1% | โ694.0% | โ240.8% | โ54.0% | โ | โ | โ1,110.8% | โ132.5% |
| Net margin | 37.4% | 61.1% | 149.7% | โ1,029.7% | โ1,984.6% | โ280.9% | โ10.3% | โ391.8% | โ913.4% | โ135.0% |
| FCF margin | 34.5% | 81.4% | โ47.1% | โ845.7% | โ | โ143.9% | โ | โ | 6.9% | โ92.5% |
| Net interest share of revenue | โ | 0.6% | โ | โ | โ | โ | โ | โ | โ | โ |
| Returns | ||||||||||
| Return on capital employed | โ | 54.2% | โ4.9% | โ70.6% | โ11.7% | โ26.5% | โ161.4% | โ6.2% | โ82.7% | โ11.4% |
| Return on equity | 36.5% | 80.1% | 4.2% | โ81.6% | โ106.5% | โ114.0% | โ12.9% | โ12.9% | โ80.0% | โ9.8% |
| Return on assets | 30.2% | 68.1% | 3.3% | โ56.1% | โ53.1% | โ29.7% | โ3.3% | โ11.6% | โ75.6% | โ9.2% |
| Return on tangible equity | 36.5% | 46.8% | 4.4% | โ148.0% | โ201.6% | โ137.2% | โ15.6% | โ6.8% | โ74.8% | โ10.3% |
| Growth | ||||||||||
| Revenue growth | โ | 368.0% | โ96.6% | 87.1% | โ74.6% | 241.9% | 119.7% | โ81.7% | 512.1% | โ6.4% |
| Net income growth | โ | 664.0% | โ91.6% | โ1,386.9% | โ | โ | โ | โ | โ | โ |
| EPS growth | โ | 585.0% | โ92.7% | โ1,560.0% | โ | โ | โ | โ | 128.6% | โ93.8% |
| FCF growth | โ | 1,004.4% | โ102.0% | โ | โ | โ | โ | โ | โ | โ1,350.9% |
| Share count change | โ | 12.6% | 11.0% | โ7.9% | 0.2% | 22.1% | 15.1% | 106.3% | 504.4% | 153.5% |
| Financial health | ||||||||||
| Interest coverage | โ | โ | โ | โ | โ2.0x | โ4.1x | โ | โ | โ | โ |
| Current ratio | โ | 6.8x | 3.7x | 4.2x | 2.1x | 1.2x | 1.8x | 39.5x | 14.2x | 21.8x |
| Quick ratio | โ | 6.8x | 3.7x | 4.2x | 2.1x | 1.1x | 1.6x | 39.5x | 14.2x | 21.7x |
| Provision / loans | โ | โ | 1.4% | 53.3% | 403.8% | โ | โ | โ | โ | โ |
| Capital allocation | ||||||||||
| Capex / revenue | 1.3% | 0.4% | 0.2% | 2.9% | โ | 0.1% | โ | โ | 1.0% | 0.0% |
| Stock comp / revenue | 0.0% | 1.7% | 178.2% | 5.0% | 3.2% | 6.5% | โ | โ | โ | โ |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 4.0 | 1.0 | 5.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 5.0 |
| Altman Z'' | โ | 16.4 | 6.6 | 0.7 | 0.4 | โ1.6 | โ9.7 | 44.9 | 10.6 | 23.6 |
| Accruals ratio | 1.3% | โ23.1% | 4.3% | โ10.2% | โ68.4% | โ14.5% | 4.5% | โ13.3% | โ76.3% | โ2.9% |
Source: SEC EDGAR XBRL filings (CIK 0001702318). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Per-share figures are per US-listed share (1 ADS = 3 ordinary shares). For information only โ not investment advice. Check the original filings before relying on any figure.
