Alset Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, reporting a net income of $4,355,884 for the third quarter alongside a nine-month net loss of $6,744,385.

Key Highlights

  • Q3 2026 net income: Alset Inc. reported net income of $4,355,884 for the three months ended September 30, 2026, compared to net income of $1,964,001 in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $6,744,385, compared to a net loss of $16,382,033 in the nine months ended September 30, 2025.
  • Gain on deconsolidation of ESYN: A gain on deconsolidation of ESYN of $6,111,179 was recorded in the third quarter of 2026, with no comparable figure in the prior-year period.
  • Total assets: Total assets were $137,301,462 as of September 30, 2026, compared to $136,587,114 as of December 31, 2025.
  • Cash and cash equivalents: Cash and cash equivalents declined to $9,685,744 at September 30, 2026, from $25,184,990 at December 31, 2025.
  • Accumulated deficit: The accumulated deficit stood at $303,888,646 as of September 30, 2026, up from $299,266,482 at December 31, 2025.
  • Shares outstanding: As of November 13, 2026, there were 38,895,830 shares of common stock outstanding.

Alset Inc. Q3 2026 Financial Results: ESYN Deconsolidation Drives Quarterly Profit

According to the filing, Alset Inc. (NASDAQ:AEI) recorded total revenue of $938,940 for the three months ended September 30, 2026, down from $998,828 in the same quarter of 2025. Revenue consisted of rental income of $716,614 and other revenue of $222,326. For the nine months ended September 30, 2026, total revenue was $2,908,260, compared to $3,166,093 in the first nine months of 2025.

The company disclosed a loss from operations of $4,538,452 for the third quarter of 2026, driven by general and administrative expenses of $4,624,123, which rose from $2,088,966 in Q3 2025. However, total other income, net, of $8,901,474 offset operating losses in the quarter. A significant contributor was the $6,111,179 gain on deconsolidation of ESYN, which the filing identified as having no equivalent in the prior-year period. Unrealized gains on securities investments, including a related-party unrealized gain of $4,062,273, also contributed to the quarterly swing into net income, according to the filing.

On the balance sheet, the company reported total stockholders' equity of $130,402,320 as of September 30, 2026, compared to $129,663,149 at December 31, 2025. Investment in equity method securities was listed at $54,494,275, and investment in securities at fair value - related party was $18,107,117, up from $3,751,343 at year-end 2025. Notes payable - related parties increased to $4,103,274 from $21,508 at December 31, 2025. The company is classified as a non-accelerated filer and smaller reporting company, as indicated in the filing.

What Was Disclosed

Alset Inc. filed its quarterly report for the period ended September 30, 2026, disclosing a third-quarter net income of $4,355,884 primarily driven by a $6,111,179 gain on deconsolidation of ESYN, while the nine-month period reflected a net loss of $6,744,385 and a year-to-date decline in cash from $25,184,990 to $9,685,744.