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EUDA Health Holdings Ltd
EUDACIK 0001847846NasdaqNon-AcceleratedEmerging GrowthServices-Health ServicesD8VGFY ends Dec 31
Period
FY 2025
Revenue
$6.82M
Net Income
$-2.77M
Total Assets
$1.72M
Equity
$-4.25M
Shares Out
1.89M
Op. Cash Flow
$-2.43M
Business
EUDA Health Holdings Ltd provides non-invasive healthcare and wellness services focused on preventive and regenerative therapies. It offers bioenergy cabin therapy packages, direct sales of proprietary wellness products through its CK Health acquisition, and distribution arrangements for stem cell therapy services rendered at third-party treatment centers. The company operates property management services as a primary business segment while maintaining a medical and wellness services division for direct sales and collaborations. EUDA targets markets across Southeast Asia and China using omni-channel distribution, partnerships, clinic networks, and digital platforms.
Summary from filing dated 2025-04-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2022 2022-07-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|
| Total Revenues | 10 | — | 11 | |
| Total Cost of Revenues | 6 | — | 6 | |
| GROSS PROFIT | 3 | — | 4 | |
| Selling | 2 | — | 1 | |
| General and administrative | 7 | — | 4 | |
| Earnout share payment | 5 | — | — | |
| Impairment loss on long-lived assets and goodwill | 1 | — | — | |
| Research and development | 17,209 | — | 129,265 | |
| Total Operating Expenses | 15 | — | 5 | |
| LOSS FROM OPERATIONS | −12 | −2 | −1 | |
| Interest expense, net | −120,082 | — | −127,126 | |
| Gain on disposal of subsidiary | 30,055 | — | — | |
| Change in fair value of prepaid forward purchase liabilities | −13 | — | — | |
| Other income, net | 127,477 | — | 386,828 | |
| Investment income | — | — | 2 | |
| Total Other Income (Expense), net | −13 | 222,912 | 2 | |
| (LOSS) INCOME BEFORE INCOME TAXES | −25 | — | 948,537 | |
| PROVISION FOR INCOME TAXES | 17,422 | — | 48,141 | |
| NET (LOSS) INCOME | −25 | — | 900,396 | |
| Less: Net (income) loss attributable to noncontrolling interest | −65,124 | — | 35,567 | |
| NET (LOSS) INCOME ATTRIBUTABLE TO EUDA HEALTH HOLDINGS LIMITED | −25 | −2 | 864,829 | |
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | −131,941 | — | 17,009 | |
| TOTAL COMPREHENSIVE (LOSS) INCOME | −25 | — | 917,405 | |
| Less: Comprehensive (loss) income attributable to noncontrolling interest | −65,340 | — | 35,584 | |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EUDA HEALTH HOLDINGS LIMIT | −25 | — | 881,821 | |
| Basic and diluted (shares) | 12 | — | 9 | |
| Basic and diluted (per share) | −2.07 | — | 0.09 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2022 2022-10-31 | FY 2022 2022-07-31 | FY 2021 2021-12-31 | FY 2021 2021-07-31 |
|---|---|---|---|---|---|---|
| Cash | 143,024 | — | 193,546 | 189,996 | — | |
| Restricted cash | 641,461 | — | — | — | — | |
| Accounts receivable, net | 2 | — | — | 2 | — | |
| Other receivables | 7,467 | — | — | 2 | — | |
| Due from related parties | 267,863 | — | — | 297,621 | — | |
| Prepaid expenses and other current assets | 222,633 | — | — | 71,495 | — | |
| Forward purchase receivables | 22 | — | — | — | — | |
| Total Current Assets | 25 | — | 87 | 4 | 428,920 | |
| PROPERTY AND EQUIPMENT, NET | 31,628 | — | — | 56,927 | — | |
| Other receivables - non-current | — | — | — | 2 | — | |
| Prepaid expenses - non-current | 478,061 | — | — | — | — | |
| Intangible assets, net | — | — | — | 289,962 | — | |
| Goodwill | — | — | — | 992,686 | — | |
| Operating lease right-of-use asset | 76,528 | — | — | 79,862 | — | |
| Finance lease right-of-use assets | 16,345 | — | — | 24,372 | — | |
| Loan to third party | — | — | — | 371,962 | — | |
| Total Other Assets | 570,934 | — | — | 4 | — | |
| Total Assets | 26 | — | 87 | 8 | 428,920 | |
| Short term loans - bank and private lender | 204,240 | — | — | 205,427 | — | |
| Short term loans - third parties | — | — | — | 148,302 | — | |
| Promissory note | 170,000 | — | — | — | — | |
| Convertible notes | 3 | — | — | — | — | |
| Convertible notes - related parties | 782,600 | — | — | — | — | |
| Accounts payable | 2 | — | — | 359,716 | — | |
| Accounts payable - related party | — | — | — | 2 | — | |
| Other payables and accrued liabilities | 2 | — | — | 488,597 | — | |
| Other payables - related parties | 2 | — | — | 3 | — | |
| Operating lease liability | 79,959 | — | — | 63,478 | — | |
| Finance lease liabilities | 7,186 | — | — | 11,447 | — | |
| Prepaid forward purchase liabilities | 20 | 7 | — | — | — | |
| Taxes payable | 186,150 | — | — | 307,343 | — | |
| Total Current Liabilities | 29 | — | — | 7 | — | |
| Deferred tax liabilities | — | — | — | 49,294 | — | |
| Operating lease liability - non-current | — | — | — | 16,384 | — | |
| Finance lease liabilities - non-current | 15,015 | — | — | 17,268 | — | |
| Total Other Liabilities | 15,015 | — | — | 82,946 | — | |
| Total Liabilities | 29 | — | 5 | 7 | 399,797 | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Ordinary shares, no par value, unlimited shares authorized, 20,191,770 shares and 9,333,333 shares outstanding as of December 31, 2022 and 2021, respectively | 21 | — | — | 334,863 | — | |
| Retained earnings (accumulated deficit) | −25 | — | −4 | 180,333 | −8,377 | |
| Accumulated other comprehensive (loss) income | −125,689 | — | — | 6,036 | — | |
| Total Euda Health Holdings Limited Shareholders (Deficit) Equity | −4 | — | −4 | 521,232 | 29,123 | |
| Noncontrolling interests | 13,478 | — | — | 78,818 | — | |
| Total Shareholders (Deficit) Equity | −4 | — | — | 600,050 | — | |
| Total Liabilities and Shareholders (Deficit) Equity | 26 | — | 87 | 8 | 428,920 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2022 2022-12-31 | FY 2022 2022-07-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|
| Depreciation | 23,347 | — | 34,523 | |
| Amortization of intangible assets | 115,907 | — | 162,825 | |
| Amortization of operating right-of-use asset | 109,056 | — | 58,602 | |
| Amortization of finance right-of-use assets | 7,948 | — | 8,153 | |
| Provision for doubtful accounts | 3 | — | 43,804 | |
| Deferred taxes benefits | −48,228 | — | −27,680 | |
| Earnout payment | 5 | — | — | |
| Impairment loss on goodwill | 971,229 | — | — | |
| Impairment loss on intangible assets | 200,000 | — | — | |
| Change in fair value of prepaid forward purchase liabilities | 13 | — | — | |
| Accounts receivable | −174,824 | — | −263,950 | |
| Interest receivable from loan to third party | — | — | −19,071 | |
| Other receivables | 2 | — | 55,692 | |
| Prepaid expenses and other current assets | −22,749 | 71,857 | −18,010 | |
| Accounts payable | 1 | — | 353,560 | |
| Accounts payables - related party | −2 | — | 1 | |
| Other payables and accrued liabilities | 1 | — | 4,360 | |
| Taxes payable | −114,133 | — | 107,188 | |
| Operating lease liability | −105,719 | — | −62,124 | |
| Net cash (used in) provided by operating activities | −2 | −1 | 443,920 | |
| Purchases of equipment | −18,137 | — | −1,957 | |
| Loan to third party | −246,664 | — | — | |
| Cash acquired through business combination | — | — | −354,226 | |
| Cash released upon disposal of a subsidiary | −3,405 | — | — | |
| Net cash used in investing activities | −268,206 | −86 | −356,183 | |
| Issuance of ordinary shares | 500,000 | — | — | |
| Capital contributions | 600,000 | — | — | |
| Proceeds from the Reverse Recapitalization | 1 | — | — | |
| Payments of merger costs | −1 | — | — | |
| Repayments from other receivable - related parties | 30,670 | — | 36,189 | |
| Proceeds from short-term loans - bank and private lender | 72,548 | — | 87,812 | |
| Repayments to short-term loans - bank and private lender | −74,895 | — | −66,801 | |
| Repayments to short-term loans - third parties | — | — | −312,553 | |
| Borrowings from other payables - related parties | 1 | 800,000 | 93,666 | |
| Payment of finance lease liabilities | −6,502 | — | −6,686 | |
| Net cash provided by (used in) financing activities | 2 | 87 | −168,373 | |
| EFFECT OF EXCHANGE RATE CHANGES | −99,424 | — | 19,865 | |
| NET CHANGE IN CASH AND RESTRICTED CASH | 594,489 | 193,546 | −60,771 | |
| Cash paid for income tax | 156,339 | — | 30,185 | |
| Cash paid for interest | 19,588 | — | 110,835 | |
| Initial recognition of operating right of use asset and lease liability | 105,350 | — | 125,834 | |
| Initial recognition of payables to former subsidiary upon disposal of subsidiary | 319,158 | — | — | |
| Conversion of debt into a promissory note | 170,000 | — | — | |
| Conversion of debts into convertible notes | 206,500 | — | — | |
| Forgiveness of debt by a related party | 3 | — | — | |
| Issuance of ordinary shares upon the Reverse Recapitalization | 12 | — | — |
Filings
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