EFTY on Nasdaq
ETOILES CAPITAL GROUP CO., LTD
ETOILES CAPITAL GROUP CO., LTD is a management consulting services company, listed on Nasdaq (EFTY).1
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Last updated Oct 21, 2026.
Overview
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- TickerEFTY on Nasdaq1
- IndustryServices-Management Consulting Services1
- Business addressUnit 03-04, 25/F, Cosco Tower, 183 Queen'S Road Central, Sheung Wang3
- Filer categoryNon-accelerated filer, Emerging growth company3
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27, 2023, which is a wholly owned subsidiary of the Company. Etoiles Vision is wholly owned by Etoiles Consultancy.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 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
HKMember brought in 80% of the revenue ETOILES CAPITAL GROUP CO., LTD broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| HKMember | $63.9K | $2.3M | $2.6M |
| China | $115.3K | $631.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs97¢$3.1M
- Income tax3¢$94.1K
Out of $3.2M 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 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| REVENUE | $3.2M | $2.5M | $63.9K |
| Cost of revenue | -$997.5K | -$534.9K | -$12.8K |
| Selling expenses | -$259.8K | -$130.5K | |
| General and administrative expenses | -$2.0M | -$859.9K | -$15.7K |
| Total operating expenses | -$3.3M | -$1.5M | -$28.4K |
| (LOSS) INCOME FROM OPERATIONS | -$31.9K | $1.0M | $35.4K |
| Other income, net | $22.9K | $86 | |
| Interest expense | -$50.5K | -$3.8K | |
| Total other income (expense), net | -$27.6K | -$3.7K | |
| (LOSS)/INCOME BEFORE INCOME TAXES | -$59.5K | $996.9K | $35.4K |
| Income tax expenses (Note 12) | -$94.1K | -$144.4K | -$2.7K |
| NET (LOSS) INCOME | -$153.7K | $852.5K | $32.7K |
| Foreign currency translation adjustment | -$3.7K | $4.1K | $70 |
| Comprehensive (loss) income | -$157.4K | $856.6K | $32.8K |
| (Loss)/earning per share basic (in Dollars per share) | -$0.01 | $0.05 | $0.00 |
| (Loss)/earning per share diluted (in Dollars per share) | -$0.01 | $0.05 | $0.00 |
| Basic weighted average shares outstanding (in Shares) | 19.1M shares | 18.5M shares | 18.5M shares |
| Diluted weighted average shares outstanding (in Shares) | 19.1M shares | 18.5M shares | 18.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2024-08-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $5.4M | $1.4M | |||
| Accounts receivable, net (Note 3) | $239.0K | $7.2K | |||
| Deposits and other assets, net (Note 4) | $311.8K | $11.2K | |||
| Amount due from a director (Note 15) | $309.5K | ||||
| Total current assets | $6.0M | $1.8M | |||
| Property and equipment, net (Note 5) | $658.6K | $41.9K | |||
| Deposits and other assets, net (Note 4) | $39.0K | $18.6K | |||
| Operating lease right-of-use assets, net (Note 7) | $2.1M | $53.4K | |||
| Deferred tax assets (Note 12) | $4.5K | ||||
| Deferred initial public offering costs (Note 6) | $181.7K | ||||
| Total non-current assets | $2.8M | $300.2K | |||
| TOTAL ASSETS | $8.8M | $2.1M | |||
| Contract liabilities (Note 8) | $396.9K | $958.3K | |||
| Operating lease liabilities, current (Note 7) | $501.6K | $48.8K | |||
| Accrued liabilities | $200.2K | $16.8K | |||
| Amount due to a director (Note 15) | $39.4K | ||||
| Income tax payable (Note 12) | $230.4K | $152.4K | |||
| Total current liabilities | $1.4M | $1.2M | |||
| Deferred tax liabilities (Note 12) | $11.4K | ||||
| Operating lease liabilities, non-current (Note 7) | $1.6M | $4.6K | |||
| Total non-current liability | $1.6M | $4.6K | |||
| TOTAL LIABILITIES | $3.0M | $1.2M | |||
| Additional paid in capital | $5.1M | $500 | |||
| Retained earnings | $728.1K | $881.7K | |||
| Accumulated other comprehensive income | $394 | $4.1K | |||
| Total shareholders equity | $5.8M | $888.2K | $31.6K | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $8.8M | $2.1M | |||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2024-08-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $5.4M | $1.4M | ||||
| Accounts receivable, net (Note 3) | $239.0K | $7.2K | ||||
| Deposits and other assets, net (Note 4) | $311.8K | $11.2K | ||||
| Amount due from a director (Note 15) | $309.5K | |||||
| Total current assets | $6.0M | $1.8M | ||||
| Property and equipment, net (Note 5) | $658.6K | $41.9K | ||||
| Deposits and other assets, net (Note 4) | $39.0K | $18.6K | ||||
| Operating lease right-of-use assets, net (Note 7) | $2.1M | $53.4K | ||||
| Deferred tax assets (Note 12) | $4.5K | |||||
| Deferred initial public offering costs (Note 6) | $181.7K | |||||
| Total non-current assets | $2.8M | $300.2K | ||||
| TOTAL ASSETS | $8.8M | $2.1M | ||||
| Contract liabilities (Note 8) | $396.9K | $958.3K | ||||
| Operating lease liabilities, current (Note 7) | $501.6K | $48.8K | ||||
| Accrued liabilities | $200.2K | $16.8K | ||||
| Amount due to a director (Note 15) | $39.4K | |||||
| Income tax payable (Note 12) | $230.4K | $152.4K | ||||
| Total current liabilities | $1.4M | $1.2M | ||||
| Deferred tax liabilities (Note 12) | $11.4K | |||||
| Operating lease liabilities, non-current (Note 7) | $1.6M | $4.6K | ||||
| Total non-current liability | $1.6M | $4.6K | ||||
| TOTAL LIABILITIES | $3.0M | $1.2M | ||||
| Additional paid in capital | $5.1M | $500 | ||||
| Retained earnings | $728.1K | $881.7K | ||||
| Accumulated other comprehensive income | $394 | $4.1K | ||||
| Total shareholders equity | $5.8M | $888.2K | $31.6K | -$1.1K | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $8.8M | $2.1M | ||||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 |
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 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$153.7K | $852.5K | $32.7K |
| Depreciation and amortization | $139.5K | $75.1K | |
| Loss on disposal of property, plant and equipment | $20.7K | ||
| Accounts receivable | -$231.8K | -$7.2K | |
| Deposits and other assets | -$321.0K | -$29.8K | |
| Accrued liabilities | $183.3K | $16.2K | $576 |
| Contract liabilities | -$561.4K | $958.3K | |
| Amount due from (to) a director | $5.0K | -$345.0K | $27.9K |
| Deferred tax assets | $15.9K | -$4.5K | |
| Income tax payable | $78.1K | $149.6K | $2.7K |
| Operating lease liabilities | -$85.2K | -$42.4K | |
| Net (used in) cash provided by operating activities | -$910.7K | $1.6M | $63.9K |
| Purchase of property and equipment | -$687.1K | -$75.2K | |
| Net cash used in investing activity | -$687.1K | -$75.2K | |
| Payments of offering costs for related to IPO | -$1.2M | -$181.7K | |
| Proceeds from issuance of shares pursuant to IPO | $6.4M | ||
| Advanced by a director | $680.2K | ||
| Repayment from a director | -$341.0K | ||
| Net cash used in financing activities | $5.6M | -$181.7K | |
| Net increase in cash and cash equivalents | $4.0M | $1.4M | $63.9K |
| Effect of foreign currency translation on cash and cash equivalents | -$3.6K | $4.6K | $76 |
| Right-of-use assets obtained in exchange for new operating lease obligations | $2.1M | $95.2K | |
| Termination of right-of-use assets and lease liabilities | $27.1K | ||
| Interest received | $22.9K | $86 | |
| Interest paid | $50.5K | $3.8K |
No quarter-by-quarter statement was filed.
Corporate structure
ETOILES CAPITAL GROUP CO., LTD sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ETOILES CAPITAL GROUP CO., LTD
- Etoiles Zeneo Investment Ltd Filed SCHEDULE 13D on ETOILES CAPITAL GROUP CO., LTD, latest Aug 31, 2026
- ETOILES CAPITAL GROUP CO., LTD
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ETOILES CAPITAL GROUP CO., LTD 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 |
|---|---|---|---|
| Construction in progress | $524.2K2 Dec 31, 2025 | ||
| Property and equipment, before depreciation | $692.2K2 Dec 31, 2025 | $75.2K2 Dec 31, 2024 | +820.3% |
| Accumulated depreciation | $33.6K2 Dec 31, 2025 | $33.3K2 Dec 31, 2024 | +0.9% |
| Property and equipment, net | $658.6K2 Dec 31, 2025 | $41.9K2 Dec 31, 2024 | +1470.7% |
| Operating-lease assets (leased space) | $2.1M2 Dec 31, 2025 | $53.4K2 Dec 31, 2024 | +3796.8% |
Investments
Leadership
Who has led ETOILES CAPITAL GROUP CO., LTD, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerKit Shing Cheung Aug 31, 2026 to now5
- Chief financial officerHon Fai Tam Aug 31, 2026 to now6
- Chief operating officerZhihan Lou Aug 31, 2026 to now7
Board members and other officers (4)
- Board memberKit Shing Cheung Aug 31, 2026 to now5
- Board memberNancy Yang Aug 31, 2026 to now8
- Board memberWesley Chu Aug 31, 2026 to now9
- Board memberYeung Tak Chen Aug 31, 2026 to now10
Former names
- Thrive Capital Group Co., LTDMar 6, 2025 to May 15, 20253
Timeline
- Aug 31, 2026New chief executive Kit Shing Cheung becomes CEO5
Filings
50 filings to the SEC since October 2021: 1 annual reports, 6 insider forms, 1 large holders, 42 other. The latest 20:
- Oct 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 21, 2026424B3 PROSPECTUS EDGAR
- Sep 18, 2026EFFECT EDGAR
- Sep 1, 2026S-4/A AMENDMENT NO. 1 TO FORM S-4 EDGAR
- Aug 31, 2026SCHEDULE 13D EDGAR
- Aug 31, 20263 EDGAR
- Aug 31, 20263 EDGAR
- Aug 31, 20263 EDGAR
- Aug 31, 20263 EDGAR
- Aug 31, 20263 EDGAR
- Aug 31, 20263 EDGAR
- Aug 14, 2026S-4 REGISTRATION STATEMENT EDGAR
- Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 14, 202620-F ANNUAL REPORT EDGAR
- Apr 30, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
- Dec 30, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 25, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 4, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 50 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.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Etoiles Zeneo Investment LtdSCHEDULE 13D, 1 filing Aug 31, 202611
SEC filer profile
How ETOILES CAPITAL GROUP CO., LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARETOILES CAPITAL GROUP CO., LTD1
- CIK0002058349
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Industry code (SIC)8742 Services-Management Consulting Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressUnit 03-04, 25/F, Cosco Tower, 183 Queen'S Road Central, Sheung Wang, Hong Kong1
- Phone852-2398-86991
- Shares outstanding15,110,000 Common Class A shares; 5,000,000 Common Class B shares as of Dec 31, 20254
- AuditorSRCO, C.P.A., Professional Corporation, Amherst, NY PCAOB ID 6722; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 6, 20251
- Filings50 in all: 6-K (12), 3 (6), CORRESP (5), UPLOAD (4), EFFECT (3), F-1/A (3), 424B3 (2), DRS (2)1
All 20 form types
F-1 (2), 20-F (1), 424B4 (1), 8-A12B (1), CERT (1), DRS/A (1), DRSLTR (1), FWP (1), NT 20-F (1), S-4 (1), S-4/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (20-F) May 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value $0.0001 per share | EFTY | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed May 14, 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
- 6SEC EDGARHon Fai Tam, Chief financial officer
- 7SEC EDGARZhihan Lou, Chief operating officer
- 8SEC EDGARNancy Yang, Board member
- 9SEC EDGARWesley Chu, Board member
- 10SEC EDGARYeung Tak Chen, Board member
- 11