Detailed financial statements for Ohmyhome Limited (OMH): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Ohmyhome Pte. Ltd., established in Singapore in 2015, operates a comprehensive online real estate platform that enables individuals to buy, sell, rent, or lease properties across Singapore, Malaysia, and the Philippines. Beyond its core brokerage services, the company offers a diverse range of property and home-related solutions.
Analysis Summary
Ohmyhome Limited reported revenue of $12.2M in the most recent fiscal year, growing at a 5-year CAGR of 29.7%.
Trailing-twelve-month margins: gross margin 21.4%, operating margin -37.8%, net margin -75.8%.
At the current price of $2.39, OMH has negative trailing earnings (P/E not meaningful) and an ROE of -82.73%. Market capitalisation stands at $1M.
Balance sheet quality for OMH: current ratio of 1.3, net cash position of $2.8M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Revenue | $3.3M | $4.4M | $7.0M | $5.0M | $10.9M | $12.2M |
| Cost of Revenue | $2.0M | $2.0M | $4.7M | $3.3M | $6.5M | $8.3M |
| Gross Profit | $1.4M | $2.4M | $2.3M | $1.7M | $4.4M | $3.9M |
| Research & Development | $1.5M | $1.4M | $1.8M | $1.3M | $1.3M | $221069 |
| Selling, General & Admin | $2.1M | $3.0M | $3.8M | $5.8M | $6.5M | $7.3M |
| Operating Expenses | $3.4M | $4.2M | $5.3M | $7.1M | $8.8M | $8.4M |
| Operating Income | -$2.6M | -$2.3M | -$3.2M | -$5.3M | -$4.4M | -$4.5M |
| EBITDA | -$1.7M | -$1.6M | -$2.7M | -$5.0M | -$3.3M | -$8.3M |
| Interest Expense | $30364 | $49926 | $39152 | $31696 | $38518 | $15677 |
| Pre-tax Income | -$2.1M | -$1.9M | -$3.1M | -$5.5M | -$4.4M | -$9.2M |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -$1.9M | -$1.8M | -$3.1M | -$5.5M | -$4.3M | -$9.2M |
| EPS | $-6.00 | $-5.50 | $-8.00 | $-14.00 | $-10.00 | $-18.00 |
| EPS (Diluted) | $-6.00 | $-5.50 | $-8.00 | $-14.00 | $-10.00 | $-18.00 |
| Shares Outstanding (Diluted) | $325000 | $325000 | $381000 | $385362 | $437299 | $513220 |
Income Statement (Quarterly)
| Year | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Revenue | $6.4M | $3.9M | $3.3M | $1.9M |
| Gross Profit | $2.7M | $617379 | $940281 | $167400 |
| Operating Income | -$1.7M | -$1.0M | -$1.7M | -$453555 |
| EBITDA | -$1.3M | -$866832 | -$4.1M | -$453555 |
| Net Income | -$2.1M | -$1.3M | -$4.2M | -$860047 |
| EPS | $-4.79 | $-2.48 | $-15.50 | $-4.12 |
| EPS (Diluted) | $-4.79 | $-2.48 | $-15.50 | $-4.12 |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Cash & Equivalents | $166592 | $1.2M | $301433 | $191807 | $1.1M | $4.6M |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | $255913 | $1.0M | $243716 | $580889 | $514176 | $738418 |
| Inventory | $10916 | 0 | $51774 | 0 | 0 | 0 |
| Total Current Assets | $462380 | $2.3M | $603536 | $993089 | $2.0M | $6.1M |
| Property, Plant & Equipment | $84275 | $127777 | $790214 | $521000 | $171539 | $64908 |
| Goodwill | 0 | 0 | 0 | $2.2M | $2.2M | $916472 |
| Intangible Assets | 0 | 0 | 0 | $3.0M | $2.4M | $1.8M |
| Total Assets | $654225 | $2.5M | $2.2M | $10.3M | $10.8M | $9.1M |
| Accounts Payable | $352878 | $97488 | $67730 | $449031 | $343597 | $1.2M |
| Short-term Debt | $936441 | $299543 | $2.6M | $331528 | $238521 | $1.7M |
| Total Current Liabilities | $1.5M | $839156 | $3.4M | $2.7M | $2.1M | $4.9M |
| Long-term Debt | $1.1M | $790620 | $475737 | $226227 | $414918 | 0 |
| Total Liabilities | $2.6M | $1.6M | $4.4M | $6.3M | $4.5M | $4.9M |
| Retained Earnings | -$8.3M | -$10.1M | -$13.1M | -$18.6M | -$22.9M | -$32.1M |
| Total Equity | -$1.6M | $1.2M | -$1.8M | $4.5M | $6.8M | $4.8M |
| Total Debt | $2.1M | $1.2M | $3.8M | $1.0M | $774846 | $1.7M |
| Net Debt | $1.9M | -$51628 | $3.5M | $821639 | -$370983 | -$2.8M |
| Working Capital | -$1.1M | $1.5M | -$2.8M | -$1.7M | -$152264 | $1.2M |
Balance Sheet (Quarterly)
| Year | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Cash & Equivalents | $1.1M | $6.3M | $4.6M | $4.0M |
| Total Assets | $10.8M | $12.3M | $9.1M | $4.1M |
| Total Liabilities | $4.5M | $4.3M | $4.9M | $853631 |
| Total Equity | $6.8M | $8.5M | $4.8M | $3.3M |
| Total Debt | $774846 | $483550 | $1.7M | 0 |
Cash Flow (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Net Income | -$2.1M | -$1.9M | -$3.1M | -$5.5M | -$4.4M | -$9.2M |
| Depreciation & Amortization | $329618 | $239186 | $323413 | $485685 | $994780 | $923244 |
| Stock-based Compensation | 0 | 0 | 0 | $537756 | $93389 | $32477 |
| Change in Working Capital | $165602 | -$181185 | -$372372 | -$288660 | $162053 | -$684507 |
| Operating Cash Flow | -$1.6M | -$1.8M | -$3.1M | -$4.9M | -$3.0M | -$4.2M |
| Capital Expenditure | -$23737 | -$42308 | -$15327 | -$787618 | -$213908 | -$186543 |
| Acquisitions | 0 | 0 | 0 | -$3.7M | -$1.1M | $34858 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$1.6M | -$1.9M | -$3.1M | -$5.6M | -$3.2M | -$4.4M |
Cash Flow (Quarterly)
| Year | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Operating Cash Flow | -$990287 | -$374818 | -$2.2M | -$179056 |
| Capital Expenditure | -$197804 | -$77812 | $22403 | 0 |
| Free Cash Flow | -$1.2M | -$452630 | -$2.2M | -$179055 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | $93389 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Revenue Growth (YoY) | | +31.2% | +60.3% | -28.8% | +117.5% | +12.5% |
| Net Income Growth (YoY) | | +5.8% | -67.3% | -79.2% | +20.7% | -112.2% |
| EPS Growth (YoY) | | +8.3% | -45.5% | -75.0% | +28.6% | -80.0% |
| Shares Change (YoY) | | +0.0% | +17.2% | +1.1% | +13.5% | +17.4% |
| FCF Growth (YoY) | | -14.3% | -68.3% | -80.8% | +42.6% | -36.4% |
| Gross Margin | 41.1% | 54.5% | 33.0% | 34.4% | 40.5% | 31.9% |
| Operating Margin | -79.2% | -53.5% | -46.0% | -106.8% | -40.3% | -36.8% |
| EBITDA Margin | -52.0% | -36.6% | -38.6% | -99.9% | -30.5% | -67.8% |
| Net Margin | -58.0% | -41.6% | -43.5% | -109.3% | -39.8% | -75.2% |
| FCF Margin | -48.6% | -42.3% | -44.4% | -112.7% | -29.7% | -36.1% |
| Effective Tax Rate | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Per-Share Data (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF Per Share | $-4.99 | $-5.71 | $-8.19 | $-14.64 | $-7.40 | $-8.60 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $325000 | $325000 | $381000 | $385362 | $437299 | $513220 |
What to look at in Reit companies
- FFO / Share (Positive growth) — REIT 'true EPS' — net income + depreciation.
- Dividend coverage (FFO/div) (>=1.1x) — FFO must cover the dividend with margin.
- Net Debt / EBITDA (<=6x) — NAREIT benchmark. Normalises leverage by cash generation.
- Debt / Assets (40-60%) — REITs use a lot of debt by design. >65% fragile when rates rise.
- FFO Payout (proxy) (<80%) — Dividends / Operating CF. Quality REITs retain >20% to grow.
- P/FFO (15-20x) — REIT P/E equivalent. Healthy typical range.
Profitability
| Return on Equity | -82.73% |
| Return on Invested Capital | -45.55% |
| Return on Assets | -60.27% |
| Gross Margin | 21.41% |
| Operating Margin | -37.75% |
| Net Margin | -75.77% |
Financial Health
| Debt / Equity | 0.36 |
| Current Ratio | 1.25 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -1.75 |
Key Ratios (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -440.45 | -490.38 | -335.29 | -72.08 | -27.31 | -2.88 |
| P/B | -521.95 | 703.74 | -573.72 | 87.37 | 17.63 | 5.55 |
| P/S | 257.25 | 200.05 | 145.46 | 77.70 | 10.97 | 2.18 |
| Gross Margin | 41.1% | 54.5% | 33.0% | 34.4% | 40.5% | 31.9% |
| Operating Margin | -79.2% | -53.5% | -46.0% | -106.8% | -40.3% | -36.8% |
| Net Margin | -58.0% | -41.6% | -43.5% | -109.3% | -39.8% | -75.2% |