Overview
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- TickerAHG on Nasdaq1
- IndustryServices-Business Services, NEC1
- HeadquartersQingdao Pilot Free Trade Zone, China1
- Incorporated inCayman Islands3
- Business addressRm 8201-4-4(A) 2Nd Floor Qiantongyua Bld, No. 44 Moscow Rd Qianwan Bonded Port Are, Qingdao Pilot Free Trade Zone, F4 00003
- Filer categoryLarge accelerated filer3
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Hexin Yongheng, which to this date remains Hexindai HK’s wholly-owned subsidiary in China, in August 2016.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Revenue brought in 50% of the revenue Akso Health Group broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | $2.4M | $14.8M | $13.8M |
| Revenue From Marketing Promotion Service | $14.4M | $13.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue70¢$13.8M
- Selling, general and admin20¢$4.0M
- Income tax10¢$2.0M
Out of $13.8M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net Revenues | $13.8M | $14.8M | $2.4M |
| Cost of revenue | $13.8M | $15.1M | $2.3M |
| Gross Profit | -$11.3K | -$281.5K | $122.1K |
| Sales and marketing | $168.4K | ||
| General and administrative | $4.0M | $3.6M | $8.6M |
| Impairment of goodwill and intangible assets | $16.7M | $162.4M | |
| Total Operating Expenses | $20.7M | $166.0M | $8.8M |
| LOSS FROM CONTINUING OPERATIONS | -$20.7M | -$166.3M | -$8.6M |
| Other income | $344 | $47.1K | $252.4K |
| Other expense | -$4.7K | -$13.0K | -$114.2K |
| Exchange gain (loss) | $272 | -$26 | -$592.0K |
| Total Other (Expense) Income, net | -$4.1K | $34.1K | -$453.8K |
| LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | -$20.7M | -$166.3M | -$9.1M |
| (BENEFIT) PROVISON FOR INCOME TAXES | -$2.0M | -$30.8M | $25.0K |
| NET LOSS FROM CONTINUING OPERATIONS | -$18.7M | -$135.5M | -$9.1M |
| Net loss from discontinued operations, net of income taxes | -$3.9K | ||
| Loss from disposal of discontinued operations, net of income taxes | -$395.9K | ||
| Total loss from discontinued operations | -$399.8K | ||
| Less: net loss attributable to non-controlling interest | -$44.6K | -$491.8K | -$57.8K |
| NET LOSS ATTRIBUTABLE TO AKSOS SHAREHOLDERS | -$18.7M | -$135.0M | -$9.5M |
| NET LOSS | -$18.7M | -$135.5M | -$9.5M |
| Foreign currency translation adjustment | $487.4K | $312.1K | -$238.6K |
| COMPREHENSIVE LOSS | -$18.2M | -$135.2M | -$9.8M |
| Less: comprehensive loss attributable to non-controlling interest | -$44.2K | -$494.9K | -$57.4K |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO AKSOS SHAREHOLDERS | -$18.2M | -$134.7M | -$9.7M |
| Basic (in Dollars per share) | $0 | $0 | $0 |
| Diluted (in Dollars per share) | $0 | $0 | $0 |
| Basic (in Dollars per share) | $0.01 | $0.16 | $0.07 |
| Diluted (in Dollars per share) | $0.01 | $0.16 | $0.07 |
| Basic (in Shares) | 2.2B shares | 855.3M shares | 141.5M shares |
| Diluted (in Shares) | 2.2B shares | 855.3M shares | 141.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $170.6K | $176.2M | $85.2M | |
| Accounts receivable, net | $1.3M | $954.2K | ||
| Prepayments and other assets | $12.2M | $6.8M | ||
| Inventories | $200.1K | $190.2K | ||
| Loan receivables | $11.9M | |||
| Advances for capital expenditures | $175.7M | |||
| TOTAL CURRENT ASSETS | $189.5M | $196.1M | ||
| Property and equipment, net | $12.0K | $16.1K | ||
| Intangible assets, net | $58.3K | $7.9M | ||
| Right of use assets | $16.9K | $98.4K | ||
| Goodwill | $10.8M | |||
| TOTAL NON-CURRENT ASSETS | $87.2K | $18.8M | ||
| TOTAL ASSETS | $189.6M | $215.0M | ||
| Accrued expenses and other current liabilities | $1.8M | $1.5M | ||
| Contract liabilities | $4.4M | $10.2M | ||
| Taxes payable | $93.3K | $33.9K | ||
| Loan from third party | $350.5K | |||
| Operating lease liabilities-current | $22.6K | $40.1K | ||
| Amount due to related parties | $2.0M | $2.0M | ||
| TOTAL CURRENT LIABILITIES | $8.7M | $13.8M | ||
| Operating lease liabilities-non-current | $2.6K | $41.7K | ||
| Deferred tax liabilities | $1.9M | |||
| TOTAL NON-CURRENT LIABILITIES | $2.6K | $2.0M | ||
| TOTAL LIABILITIES | $8.7M | $15.8M | ||
| Additional paid-in capital | $405.5M | $405.6M | ||
| Treasury stock (1,165,883 shares as of March 31, 2026 and 2025, respectively) | -$4.0M | -$4.0M | ||
| Accumulated deficit | -$217.6M | -$198.9M | ||
| Accumulated other comprehensive loss | -$3.3M | -$3.8M | ||
| TOTAL SHAREHOLDERS EQUITY | $180.9M | $199.1M | ||
| Non-controlling interest | -$12.2K | $32.0K | ||
| TOTAL EQUITY | $180.9M | $199.2M | $138.4M | $8.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $189.6M | $215.0M | ||
| Treasury stock (in Shares) | 1.2M shares | 1.2M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $170.6K | $176.2M | $85.2M | |
| Accounts receivable, net | $1.3M | $954.2K | ||
| Prepayments and other assets | $12.2M | $6.8M | ||
| Inventories | $200.1K | $190.2K | ||
| Loan receivables | $11.9M | |||
| Advances for capital expenditures | $175.7M | |||
| TOTAL CURRENT ASSETS | $189.5M | $196.1M | ||
| Property and equipment, net | $12.0K | $16.1K | ||
| Intangible assets, net | $58.3K | $7.9M | ||
| Right of use assets | $16.9K | $98.4K | ||
| Goodwill | $10.8M | |||
| TOTAL NON-CURRENT ASSETS | $87.2K | $18.8M | ||
| TOTAL ASSETS | $189.6M | $215.0M | ||
| Accrued expenses and other current liabilities | $1.8M | $1.5M | ||
| Contract liabilities | $4.4M | $10.2M | ||
| Taxes payable | $93.3K | $33.9K | ||
| Loan from third party | $350.5K | |||
| Operating lease liabilities-current | $22.6K | $40.1K | ||
| Amount due to related parties | $2.0M | $2.0M | ||
| TOTAL CURRENT LIABILITIES | $8.7M | $13.8M | ||
| Operating lease liabilities-non-current | $2.6K | $41.7K | ||
| Deferred tax liabilities | $1.9M | |||
| TOTAL NON-CURRENT LIABILITIES | $2.6K | $2.0M | ||
| TOTAL LIABILITIES | $8.7M | $15.8M | ||
| Additional paid-in capital | $405.5M | $405.6M | ||
| Treasury stock (1,165,883 shares as of March 31, 2026 and 2025, respectively) | -$4.0M | -$4.0M | ||
| Accumulated deficit | -$217.6M | -$198.9M | ||
| Accumulated other comprehensive loss | -$3.3M | -$3.8M | ||
| TOTAL SHAREHOLDERS EQUITY | $180.9M | $199.1M | ||
| Non-controlling interest | -$12.2K | $32.0K | ||
| TOTAL EQUITY | $180.9M | $199.2M | $138.4M | $8.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $189.6M | $215.0M | ||
| Treasury stock (in Shares) | 1.2M shares | 1.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net loss from continuing operations | -$18.7M | -$135.5M | -$9.1M |
| Loss from disposal of discontinued operations | $395.9K | ||
| Provision for (recovery of) doubtful accounts | $108.6K | -$100.0K | $7.4M |
| Goodwill impairment | $11.1M | $41.4M | |
| Intangible assets impairment | $5.6M | $121.1M | |
| Depreciation and amortization | $2.4M | $2.1M | |
| Changes in the carrying amount of right-of-use assets | $84.1K | -$98.9K | |
| Deferred tax (benefit) | -$2.0M | -$30.8M | |
| Accrued interests | $527 | ||
| Accounts receivable | -$435.5K | -$859.5K | $327.2K |
| Prepayments and other assets | -$5.4M | -$6.4M | -$130.8K |
| Inventories | $1.5M | ||
| Accounts payable, accrued expenses and other current liabilities | $313.0K | $417.2K | $166.0K |
| Operating lease liabilities | -$56.6K | $82.2K | |
| Contract liabilities | -$5.8M | $9.9M | $220.6K |
| Taxes payable | $59.4K | -$40.5K | -$21.9K |
| Net cash (used in) provided by operating activities from continuing operations | -$12.8M | $1.2M | $705.4K |
| Net cash provided by operating activities from discontinued operations | $645.9K | ||
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | -$12.8M | $1.2M | $1.4M |
| Cash paid for loan originations | -$35.5M | ||
| Acquisitions of property and equipment | -$1.6K | -$154.5K | |
| Cash loans to third parties | -$2.9M | ||
| Cash received from loan repayments | $15.1M | $23.5M | $1.5M |
| Cah paid in connection with acquisition | -$93.8M | -$56.2M | |
| Prepayment for intangible assets development | -$175.7M | ||
| Net cash (used in) investing activities from continuing operations | -$163.5M | -$105.9M | -$54.7M |
| NET CASH (USED IN) INVESTING ACTIVITIES | -$163.5M | -$105.9M | -$54.7M |
| Repayments of loans due to related parties | -$7.7M | ||
| Loan from third parties | $350.0K | ||
| Proceeds from private placement, net of offering costs | $195.9M | $139.3M | |
| Net cash provided by financing activities from continuing operations | $350.0K | $195.9M | $131.7M |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | $350.0K | $195.9M | $131.7M |
| EFFECT OF EXCHANGE RATE CHANGE ON CASH | -$153.5K | -$1.1M | -$1.3M |
| NET (DECREASE) INCREASE IN CASH | -$176.1M | $90.0M | $77.0M |
| Cash paid for income tax | $1.8K | $3.0K | $25.0K |
| Cash paid for interest | $111.6K | ||
| Right-of-use assets obtained in exchange for new lease liabilities | $98.4K | ||
| Modification of right-of-use assets and liabilities | -$60.3K |
No quarter-by-quarter statement was filed.
What it owns
What Akso Health Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $8.4K2 Mar 31, 2026 | $1.6K2 Mar 31, 2025 | +418.2% |
| Property and equipment, net | $12.0K2 Mar 31, 2026 | $16.1K2 Mar 31, 2025 | −25.6% |
| Operating-lease assets (leased space) | $16.9K2 Mar 31, 2026 | $98.4K2 Mar 31, 2025 | −82.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $170.6K2 Mar 31, 2026 | $176.2M2 Mar 31, 2025 | −99.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $10.8M2 Mar 31, 2025 | $52.1M7 Apr 15, 2024 | −79.2% |
| Intangible assets, net (excluding goodwill) | $58.3K2 Mar 31, 2026 | $7.9M2 Mar 31, 2025 | −99.3% |
| Finite-lived intangibles, gross | $10.5M2 Mar 31, 2026 | $130.5M2 Mar 31, 2025 | −91.9% |
| Accumulated amortization | $4.7M2 Mar 31, 2026 | $2.1M2 Mar 31, 2025 | +119.2% |
| Finite-lived intangibles, net | $58.3K2 Mar 31, 2026 | $7.9M7 Mar 31, 2025 | −99.3% |
Inventory
Leadership
Who has led Akso Health Group, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (4)
- Board memberStephen P. Brown Mar 18, 2026 to now11
- Board memberYilin Wang Mar 18, 2026 to now12
- Board memberWenjuan Liu Mar 27, 2026 to now13
- Board memberZhongliang Xie Apr 6, 2026 to now14
Former names
Filings
63 filings to the SEC since October 2021: 5 annual reports, 6 insider forms, 52 other. The latest 20:
- Jul 23, 202620-F ANNUAL REPORT EDGAR
- May 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 20263 PRIMARY DOCUMENT EDGAR
- Mar 30, 20263 PRIMARY DOCUMENT EDGAR
- Mar 27, 20263 PRIMARY DOCUMENT EDGAR
- Mar 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 18, 20263 PRIMARY DOCUMENT EDGAR
- Mar 18, 20263 PRIMARY DOCUMENT EDGAR
- Mar 18, 20263 PRIMARY DOCUMENT EDGAR
- Feb 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 14, 202520-F ANNUAL REPORT EDGAR
- Jul 31, 2025NT 20-F EDGAR
- Jun 6, 2025EFFECT EDGAR
- Jun 5, 2025CORRESP EDGAR
- May 22, 2025CORRESP EDGAR
- May 22, 2025F-3/A AMENDMENT NO. 3 TO FORM F-3 EDGAR
- May 1, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jan 30, 2025UPLOAD EDGAR
- Jan 6, 2025F-3/A AMENDMENT NO. 2 TO FORM F-3 EDGAR
The 63 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Renaissance Technologies LLC | 70,943 | $105.7K | 0.0% | −27,455 |
| Northern Trust Corp | 51,403 | $76.6K | 0.0% | +4,528 |
| Citadel Advisors LLC | 46,026 | $68.6K | 0.0% | New |
| SmartHarvest Portfolios, LLC | 44,755 | $66.7K | 0.0% | +9,326 |
| Jane Street Group, LLC | 41,360 | $61.6K | 0.0% | +10,123 |
| Geode Capital Management, LLC | 14,973 | $22.3K | 0.0% | No change |
| BlackRock, Inc. | 10,064 | $15.0K | 0.0% | +10,027 |
| UBS Group AG | 963 | $1.4K | 0.0% | New |
| Morgan Stanley | 739 | $1.1K | 0.0% | New |
| Huntington National Bank | 419 | $624 | 0.0% | New |
| Caitong International Asset Management Co., Ltd | 2 | $3 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Akso Health Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAkso Health Group1
- CIK0001702318
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsMarch 311
- Industry code (SIC)7389 Services-Business Services, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressRm 8201-4-4(A) 2Nd Floor Qiantongyua Bld, No. 44 Moscow Rd Qianwan Bonded Port Are, Qingdao Pilot Free Trade Zone, F4 00001
- Phone86 152 1005 49191
- Shares outstanding2,562,131,730 Common Class A shares; 7,980,800 Common Class B shares as of Mar 31, 20264
- AuditorCHI-LLTC, Perak, Malaysia PCAOB ID 7320; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceApr 7, 20171
- Filings195 in all: 6-K (96), CORRESP (17), UPLOAD (16), 20-F (9), 3 (6), DRSLTR (6), SC 13G/A (6), DRS/A (5)1
All 27 form types
EFFECT (5), F-3/A (5), F-3 (3), NT 20-F (3), 424B3 (2), F-6 POS (2), SC 13G (2), 144 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERTNAS (1), DRS (1), F-1 (1), F-1/A (1), F-6 (1), RW (1), S-8 (1), SC 13D (1)
- Latest filingsAnnual report (20-F) Jul 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| American depositary shares (one American depositary share representing three Class A ordinary shares, par value US$0.0001 per share) | AHG | Nasdaq |
| Class A ordinary shares, par value US$0.0001 per share | Nasdaq |
From the cover page of the 20-F filed Jul 23, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARStephen P. Brown, Board member
- 12SEC EDGARYilin Wang, Board member
- 13SEC EDGARWenjuan Liu, Board member
- 14SEC EDGARZhongliang Xie, Board member