Amber International Holding Limited - Sponsored ADR
AMBR Financial Asset Management
Amber International Holding Limited - Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $66.1 million, up 784.1% from fiscal 2024.
- Revenue
- −26.5%
- EPS
- +57.0%
- Free cash flow
- +274.3%
Quarter to June 2026, against a year earlier
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Amber International Holding Limited - Sponsored ADR (AMBR) Piotroski F-score
Amber International Holding Limited - Sponsored ADR's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 3.00 |
| FY2024 | 3 | (1.00) |
| FY2023 | 4 | 1.00 |
| FY2022 | 3 | 0.00 |
| FY2021 | 3 | (1.00) |
| FY2020 | 4 | 1.00 |
| FY2019 | 3 | (2.00) |
| FY2018 | 5 | 0.00 |
| FY2017 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.94% | (15.86%) | Pass | 1 |
| Positive operating cash flow | (24.55m) | (555.00k) | Fail | 0 |
| Rising return on assets | 1.94% | (15.86%) | Pass | 1 |
| Cash flow above net income | (28.30m) | 22.72m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 1.36 | 1.13 | Pass | 1 |
| No new shares issued | 86,636,200 | 61,967,000 | Fail | 0 |
| Rising gross margin | 74.80% | 33.38% | Pass | 1 |
| Rising asset turnover | 0.34 | 0.05 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| WHF WhiteHorse Finance, Inc. compare | 7 |
| EARN Ellington Credit Company compare | 7 |
| SAMG Silvercrest Asset Management Group Inc. compare | 6 |
| WHG Westwood Holdings Group Inc compare | 6 |
| AMBR Amber International Holding Limited - Sponsored ADR | 6 |
| NSLR Neostellar Capital Corp. compare | 5 |
| HSDT Solana Company compare | 5 |
| TPVG TriplePoint Venture Growth BDC Corp. compare | 3 |
| SPMC Sound Point Meridian Capital, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover