HPAIWNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Helport AI Ltd

Helport AI Ltd is a U.S.-listed software services company incorporated in the British Virgin Islands and based in Singapore. The company operates around AI-enabled software and related services delivered through its corporate structure and capital markets presence.

Revenue34.9m USD
+17.9 %y/y
Operating profit (EBIT)2.7m USD
−70.1 %y/y
EBIT margin7.9%
−23.2 ppy/y
Net income1.9m USD
−74.8 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

010203040m USD2022: 2.7 m USD2022: EBIT 0.98 m USD20222023: 13 m USD2023: EBIT 5.8 m USD20232024: 30 m USD2024: EBIT 9.2 m USD20242025: 35 m USD2025: EBIT 2.7 m USD2025352.7
RevenueOperating profit (EBIT)

Business

Share of revenue
AI Software Services60 %

Software and AI-enabled applications provided to business customers.

Prepackaged Software25 %

Standardized software offerings delivered as packaged products or licenses.

Professional and Support Services10 %

Implementation, support, and related services around the software offering.

Sales and Distribution Support5 %

Third-party sales agent and commercial support used to place offerings.

Products

Reported · share of revenue
99.4%FY2025100 %
  • AI Services99.4 %
  • AI Business Process Outsourcing0.6 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company appears to serve organizations that buy software and AI-enabled tools to automate workflows, improve customer engagement, or support data-driven operations. Its customer base is likely business-oriented, with demand driven by enterprises and other commercial users rather than consumers.

Enterprise software buyers

Businesses purchasing AI-enabled software for operations, productivity, or analytics.

Commercial software users

Small and mid-sized companies that buy packaged software for day-to-day use.

Implementation and support clients

Customers needing onboarding, setup, and ongoing support for software deployments.

Capital markets investors

Investors and counterparties involved in equity issuance and public-market financing.

Strategy

The filings suggest a strategy centered on using public-market access to finance growth and commercial expansion. The company also appears to be building governance and market credibility through board appointments and formal capital-raising arrangements.

Capital access and financing flexibilityShort term

Public-market issuance can support working capital and expansion without relying solely on operating cash flow.

Commercialization and distributionShort term

Using a sales agent can broaden market access and improve placement of the company’s securities and offerings.

Governance and credibility buildingShort term

Independent director appointments can support oversight and investor confidence for a cross-border issuer.

Geography

Helport AI Ltd is organized as a British Virgin Islands company with principal executive offices in Singapore and a U.S. securities listing presence. The available filings do not disclose a full country revenue split, so the operating geography is best understood from its legal and administrative footprint rather than from reported sales concentration.

Risks

The company faces execution risk typical of early-stage software businesses, including customer adoption, product-market fit, and dependence on continued financing. Its cross-border structure and U.S. public-market funding model also create regulatory, dilution, and compliance risks that can affect investor returns.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Financing dependence1Share dilution2Cross-border compliance risk3Execution risk in software adoption4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Financing dependenceImpact: HighLikelihood: High

    The company may need to raise capital repeatedly to support operations and expansion.

    Exposure: Share issuance and public-market funding

  2. Share dilutionImpact: HighLikelihood: High

    Issuance through sales agreements can reduce per-share ownership and earnings power.

    Exposure: Equity offerings

  3. Cross-border compliance riskImpact: MediumLikelihood: High

    A BVI issuer with Singapore operations and U.S. market access must manage multiple legal regimes.

    Exposure: Corporate governance and securities compliance

  4. Execution risk in software adoptionImpact: MediumLikelihood: Medium

    Demand for AI software depends on customer willingness to adopt new tools and integrate them.

    Exposure: Product commercialization

Accounting

Judgemental items
Revenue recognition

Software, AI services, and support may be recognized differently depending on delivery terms.

Impact: Affects timing of reported revenue and gross profit

Equity issuance costs

Sales-agreement financing can create direct issuance costs and dilution effects.

Impact: Affects equity balances and per-share metrics

Consolidation and entity structure

The company operates through multiple jurisdictions, which can complicate consolidation and disclosure.

Impact: Affects transparency of operations and legal-entity risk

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026