Aurelion Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsAurelion Inc. is a Cayman Islands-incorporated wealth and asset management firm based in Hong Kong, formerly known as Prestige Wealth Inc., listed on Nasdaq under the ticker AURE.
What they do
Aurelion provides asset management and wealth management services to high net worth and ultra-high net worth individuals and their controlled entities, defined in the filing as people with investable assets over $1.5 million and $4.5 million respectively. The company operates through wholly-owned subsidiaries including Prestige Private Wealth Management Limited (BVI), Prestige Wealth Management Limited (Hong Kong), SPW Global Inc. (BVI), Wealth AI PTE LTD (Singapore), InnoSphere Tech Inc. (BVI), InnoSphere Tech Pte. Ltd. (Singapore), Tokyo Bay Management Inc. (BVI), and AISYS Inc. (BVI). It had a prior subsidiary, Prestige Wealth America Inc., a California corporation.
Revenue drivers
- Asset management services — Fees from managing assets for high net worth and ultra-high net worth individuals and their controlled entities; the filing defines clients by at least one service in a fiscal period but does not break out segment revenue.
- Wealth management services — Fees from wealth management services provided to high net worth and ultra-high net worth clients; no separate revenue figure is disclosed in the provided excerpts.
- Digital asset exposure (XAUt) — The filing references XAUt, Tether Gold, a digital asset backed by physical gold, indicating involvement with digital assets, but no revenue contribution is given.
Recent performance
Annual revenue fell from $2.8M in 2021 to $2.1M in 2022 and then to $348,528 in 2023, before recovering to $639,912 in 2024. Net income swung from positive $1.9M in 2021 and $1.4M in 2022 to a loss of $1.0M in 2023 and a loss of $6.9M in 2024. Diluted EPS moved from $0.239 in 2021 and $0.169 in 2022 to -$0.125 in 2023 and -$0.677 in 2024. Operating cash flow went from $1.3M in 2021 and $1.2M in 2022 to -$996,581 in 2023 and -$1.7M in 2024. As of March 31, 2025, total assets were $18.2M, total liabilities $2.2M, shareholder equity $15.9M, and cash and equivalents $6,661.
Strategy
The filing does not provide a detailed strategic plan in the excerpts. The company operates through multiple subsidiaries across the BVI, Hong Kong, Singapore, and previously California, suggesting international reach in wealth management. The reference to XAUt, a gold-backed digital asset, indicates some focus on digital asset offerings. No specific investments, acquisitions, or priorities are described in the provided excerpts.
Risks
- Operating cash burn — Operating cash flow was -$996,581 in 2023 and -$1.7M in 2024, indicating the business is not generating cash from operations.
- Cash position — Cash and equivalents were only $6,661 as of March 31, 2025, which is very low relative to total assets and may constrain operations.
- Revenue concentration — Revenue is generated from a small number of high net worth and ultra-high net worth clients, as defined in the filing, creating dependence on a limited client base.
- Regulatory and cross-border risk — Operations span the BVI, Hong Kong, Singapore, and previously California, subjecting the company to multiple regulatory regimes including the Hong Kong SFC.
Outlook
The provided excerpts do not contain management's forward-looking guidance or outlook statements. No specific targets or expectations for future periods are disclosed in the source material.