Onfolio Holdings, Inc ONFO
Onfolio Holdings Inc. was incorporated on July 20, 2020 under the laws of Delaware to acquire and develop high-growth and profitable online businesses. Unless the context otherwise requires, all references to "our Company," "we," "our" or "us" and other similar terms means Onfolio Holdings Inc., a Delaware corporation, and our wholly owned subsidiaries.
We acquire controlling interests in and actively manage small online businesses that we believe (i) operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Through the acquisition and growth of a diversified group of online businesses with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- B2B
- B2C
- Other
| Segment | FY2025 | FY2024 |
|---|---|---|
| B2B | $7.1M | $4.4M |
| B2C | $3.7M | $3.5M |
| Other | $0 | $0 |
As the company reported it, from the “SEGMENT INFORMATION (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $10.7M | $7.9M | $5.2M | $2.2M | $1.8M | — |
| Cost of revenue | $4.3M | $3.3M | $2.0M | $1.0M | $1.1M | — |
| Gross profit | $6.4M | $4.5M | $3.2M | $1.2M | $735.0K | — |
| SG&A | $7.5M | $5.7M | $6.0M | $4.3M | $2.5M | — |
| Total operating expenses | $9.2M | $7.1M | $12.5M | $5.3M | $2.7M | — |
| Operating income | -$2.8M | -$2.5M | -$9.2M | -$4.1M | -$2.0M | — |
| Interest expense | $498.4K | $101.7K | $75.0K | $2.2K | $9.8K | — |
| Pre-tax income | -$2.6M | -$1.8M | -$9.2M | -$4.2M | -$1.9M | — |
| Income tax | $17.4K | $0 | $0 | $0 | $1.3K | — |
| Net income | -$2.6M | -$1.8M | -$9.2M | -$4.2M | -$1.9M | — |
| EPS, diluted | -0.58 | -0.41 | -1.84 | — | — | — |
| Shares, diluted (wtd. avg.) | 5.3M | 5.1M | 5.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $2.2M | $476.9K | $982.3K | $6.7M | $1.7M | $521.7K |
| Short-term investments | — | — | — | $47.5K | $66.6K | — |
| Receivables | $476.6K | $755.8K | $90.1K | $137.6K | — | — |
| Inventory | $44.8K | $65.9K | $92.6K | $105.1K | $98.4K | — |
| Total current assets | $2.9M | $1.4M | $1.3M | $7.2M | $2.0M | — |
| Property, plant and equipment | $3.4K | $5.1K | $0 | — | — | — |
| Goodwill | $4.2M | $4.2M | $1.6M | $4.2M | $0 | — |
| Other intangibles | $1.7M | $3.3M | $1.7M | $3.9M | $1.4M | — |
| Total assets | $11.4M | $9.6M | $5.1M | $15.8M | $3.8M | — |
| Total current liabilities | $6.7M | $4.2M | $789.1K | $3.3M | $311.5K | — |
| Total liabilities | $7.5M | $5.2M | $789.1K | $3.3M | $466.5K | — |
| Retained earnings | -$22.1M | -$19.1M | -$17.0M | -$7.6M | -$3.2M | — |
| Total equity | $2.5M | $3.3M | $4.3M | $12.5M | $3.4M | $1.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$938.2K | -$1.2M | -$2.8M | -$2.9M | -$1.1M | — |
| Depreciation and amortisation | $1.7K | $0 | — | — | — | — |
| Stock-based compensation | $240.7K | $56.9K | $591.6K | $945.0K | $768.0K | — |
| Investing cash flow | -$2.5M | $451.0K | -$850.0K | -$4.3M | -$767.9K | — |
| Financing cash flow | $5.1M | $326.3K | -$2.2M | $12.1M | $3.1M | — |
| Dividends paid | $453.9K | $321.4K | $213.7K | $142.2K | $105.3K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-003083.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $1.8M | $2.2M | $5.2M | $7.9M | $10.7M |
| Gross profit | — | $735.0K | $1.2M | $3.2M | $4.5M | $6.4M |
| Net income | — | -$1.9M | -$4.2M | -$9.2M | -$1.8M | -$2.6M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Regulation FD disclosure Item 7.01
- Delisting notice Item 3.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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