Key Highlights

● Revenue was US$58.55 million for the six months to 31 December 2025.

● Operating loss was US$1.98 million.

● Net loss was US$2.60 million.

● Gross Profit was US$5.05 million, down from US$17.34 million two years earlier.

Able View Global Inc. (NASDAQ:ABLV) is drawing attention because its share price has climbed well above last year's lows, even though the latest half-year data available show a loss. The shares have a 52-week range of US$0.54 to US$2.82, while the six months ended 31 December 2025 produced an operating loss on revenue of US$58.55 million.

The business

Able View describes itself as a Brand Management partner for beauty and personal care brands operating in China. Its services include strategy, branding, digital and social marketing, omni-channel sales, customer services, overseas logistics, and Warehouse and fulfilment. The company was founded in 2015, employs 164 people and is headquartered in Shanghai.

Its Class B shares and warrants began trading on Nasdaq on 18 August 2023, after a Merger with HMAC completed on 2 August 2023, according to the company's fiscal 2023 results release dated 1 May 2024. It reports in US dollars.

What the latest figures show

The company reports semi-annually. For the six months ended 31 December 2025, revenue was US$58.55 million, gross profit US$5.05 million, Operating Income a loss of US$1.98 million and Net Income a loss of US$2.60 million, or US$0.05 per share. The six months ended 30 June 2025 were better, with revenue of US$46.65 million, gross profit of US$6.86 million, operating income of US$1.49 million and net income of US$3.42 million, or US$0.07 per share.

The latest Earnings date was 27 April 2026. Trailing revenue was US$118.27 million and trailing net income was a loss of US$1.64 million. Those totals do not reconcile neatly with the sum of the two half-years shown.

A shrinking Top Line and thin margins

The longer record shows how far the Business has changed. In the six months ended 31 December 2023, revenue was US$67.34 million with gross profit of US$17.34 million; for the same period of 2025, gross profit was US$5.05 million on revenue of US$58.55 million. Gross profit as a share of revenue has fallen from about a quarter to under a tenth.

The fiscal 2023 release gave a different picture. It reported revenue of US$149 million, gross profit of US$37.0 million, a gross Margin of 25% and net income of US$9.75 million. Chairman and chief executive Stephen Zhu said at the time that the company had achieved a record revenue of US$149 million and net income of US$10 million. That is historical context, not current performance.

Valuation and listing considerations

The Market Capitalisation was US$151.31 million at the 6 October 2026 close, and the company pays no dividend. Company news items also referred to two Nasdaq notifications about the minimum bid price. Those notices were dated roughly ten months earlier.

Risks

The company's revenue depends on beauty and personal care brands selling in China, so consumer demand, platform dynamics and brand relationships all matter. Profitability has been volatile across recent half-years, and the share price has moved sharply.

From Record Profit to a Thin-Margin Half-Year

Investors will watch for the interim results for the six months ending 30 June 2026, though no date has been announced. They will also look for company disclosures explaining the decline in gross margin, the share price rise and the status of any Nasdaq listing requirements.