Inno Holdings Inc. (INHD)
Industrials · consumer electronics refurbishment & distribution · NASDAQ
Inno Holdings is a Hong Kong-based recycler and wholesaler of pre-owned smartphones and tablets, currently expanding its digital marketplace and AI-driven sales capabilities.
What Inno Holdings Inc. does
Inno Holdings Inc. is a technology company that sources, inspects, and refurbishes pre-owned consumer electronic devices, specifically smartphones and tablets. The company sells these recycled devices primarily to wholesale customers across Southeast Asia, the Middle East, and Europe. Operations are conducted through Hong Kong-based subsidiaries, supported by a proprietary pricing algorithm and inventory management system.
Recent developments
In June 2026, the company entered into an agreement to develop an AI-powered sales and customer acquisition agent for its mobile phone business. Additionally, the company has implemented multiple reverse stock splits (1:20 and 1:24) in 2025 and 2026 to maintain Nasdaq listing requirements and continues to utilize at-the-market equity offering programs to raise capital.
From Inno Holdings Inc.'s filing of 2026-08-18.
Themes: circular economy, secondary electronics market, B2B marketplace, AI-driven commerce
Fundamentals
- Price$3.90 as of 2026-10-20 close
- Market cap$10M as of 2026-08-18 (share count; price 2026-10-20)
- 1-year returnn/a our price history for this company shows an unadjusted split or scale break
- P/En/a negative earnings
- Net margin-248.7% FY2025, SEC XBRL
- Gross margin+2.0% FY2025, SEC XBRL
- ROE-46.7% FY2025, SEC XBRL
- ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
- Debt / equity0.00 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue growth (YoY)+221.4% FY2025, SEC XBRL
- Revenue CAGR (3y)-14.2% SEC XBRL
- Beta-0.04 as of 2026-09-02
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
How INHD compares in its sector
- net profit marginbottom 10% 419 covered Industrials peers, as of 2026-09-02
- operating marginbottom 10% 394 covered Industrials peers, as of 2026-09-02
- gross marginbottom 10% 255 covered Industrials peers, as of 2026-09-02
- return on equitybottom 10% 434 covered Industrials peers, as of 2026-09-02
- 3-year revenue CAGRbottom 10% 430 covered Industrials peers
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 2026-06-30 | $2M | $93424 | -$2M | -$2M | -$0.70 | -$4M† | -$3† |
| Q2 FY2026 2026-03-31 | $931911 | $21847 | -$791856 | -$1M | -$0.13 | -$3M† | — |
| Q1 FY2026 2025-12-31 | $1M | $74135 | -$485868 | -$28618 | -$0.01 | -$5M | — |
| Q4 FY2025 2025-09-30 | $1M† | $14300† | -$974424† | -$1M† | $674.15† | -$1M† | — |
| Q3 FY2025 2025-06-30 | $1M | -$16050 | -$2M | -$2M | -$144.00 | -$594777† | — |
| Q2 FY2025 2025-03-31 | $478100 | $41500 | -$1M | -$4M | -$19.86 | -$1M† | — |
| Q1 FY2025 2024-12-31 | $196000 | $16000 | -$458106 | -$603697 | -$5.21 | -$2M | $26854 |
| Q4 FY2024 2024-09-30 | $490000† | — | -$180179† | -$287152† | -$0.13† | -$660223† | $134829† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$33M
- Total debt$50000 borrowings only; leases excluded
- Net debt-$33M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
Key risks (from latest filing)
["High dependence on a very limited number of suppliers for inventory.","Significant exposure to volatility in the recycled electronics secondary market, including price fluctuations and supply chain availability.","Risks associated with diversifying into AI-related business initiatives without proven expertise or profitability in that sector."]
What changed in the latest 10-Q
AI-assisted comparison of INHD's 10-Q filed 2026-08-18 against the prior one filed 2026-05-01.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-18) adds a 'May 2026 At the Market Offering' subsection describing a May 15, 2026 sales agreement with Aegis Capital Corp. for an at-the-market offering of up to $60.0 million.
- Newer filing (2026-08-18) adds that from May 15, 2026 to June 30, 2026, the Company sold 39,123 shares of common stock for gross proceeds of approximately $41,000 under the May 2026 Sales Agreement.
- Newer filing (2026-08-18) adds a 'May 2026 Reverse Stock Split' subsection describing a one-for-twenty (1:20) reverse stock split effective May 4, 2026.
- Newer filing (2026-08-18) adds a description that the Company has another wholly owned subsidiary in Hong Kong, Baymax High Technology Co., Limited, and other wholly owned subsidiaries in the British Virgin Islands for research and development and other non-revenue generating technology-related activities.
- Removed:
- Older filing (2026-05-01) contains a 'December Securities Purchase Agreement' subsection describing a December 26, 2025 securities purchase agreement for 3,000,000 shares at $1.31 per share, closed January 6, 2026 with gross proceeds of $3.93 million, which is absent from the newer filing.
- Older filing (2026-05-01) describes the At the Market Offering as entered into on November 12, 2025 with an aggregate offering price of up to $50.0 million, which is absent from the newer filing.
- Older filing (2026-05-01) states that from November 12, 2025 to March 31, 2026, the Company issued 3,541,667 shares of common stock for gross proceeds of approximately $28 million under the Sales Agreement, which is absent from the newer filing.
- Reworded:
- Newer filing (2026-08-18) revises the Overview section to state the Company currently derives all revenue from Lear Group Limited and describes Baymax High Technology Co., Limited and BVI subsidiaries as non-revenue generating; older filing (2026-05-01) stated the Company conducts its recycled consumer electronic devices business through two Hong Kong-based wholly-owned subsidiaries Lear Group Limited and Baymax High Technology Co., Limited.
- Newer filing (2026-08-18) renames the December 2025 reverse stock split heading to 'December 2025 Reverse Stock Split' and refers to it as 'May 2025 Reverse Stock Split' within the text; older filing (2026-05-01) heading was 'Reverse Stock Split' and referred to it as 'Reverse Stock Split' or 'Split'.
- Notes:
- The newer filing text appears truncated at the end of the December 2025 Reverse Stock Split subsection, so changes after that point could not be assessed.
- The older filing text appears truncated at the start of the Key Performance Indicators section, so changes in that section could not be fully assessed.
Risk Factors
- Added:
- Added risk factor: 'Our business is primarily focused on recycled consumer electronics product trading, and our efforts to diversify into AI-related businesses may not succeed.' (filed 2026-08-18)
- Added description of a Development Services Agreement entered into on June 8, 2026, with a Hong Kong based AI service provider to develop an AI-powered used mobile phone sales and customer acquisition AI agent system (filed 2026-08-18)
- Added a new 'Risks Related to Litigation' section (filed 2026-08-18)
- Added risk factor: 'The trading halt of our common stock from June 9, 2026 to July 31, 2026 or any future trading halts could expose us to securities litigation and other claims.' (filed 2026-08-18)
- Added disclosure that Nasdaq Stock Market LLC imposed a trading halt under Code T12 on June 8, 2026, and trading resumed on July 31, 2026 (filed 2026-08-18)
- Added disclosure that on June 24, 2026, Kingbird Ventures LLC filed a complaint and an ex parte motion in the U.S. District Court for the Southern District of Texas seeking a temporary restraining order and preliminary injunction (filed 2026-08-18)
- Added disclosure that Kingbird's emergency motions to extend the temporary restraining order were denied and no temporary restraining order is in effect (filed 2026-08-18)
- Added disclosure that Kingbird's motion for a preliminary injunction and the parties' discovery-related motions are fully briefed and pending before the Court (filed 2026-08-18)
- Added disclosure that the Company and CEO Ding Wei must file an answer to the complaint or a motion to dismiss by September 28, 2026 (filed 2026-08-18)
- Added risk factor: 'Our common stock may be subject to a future trading halt or suspension, which could adversely affect the liquidity and market price of our common stock and our ability to raise capital.' (filed 2026-08-18)
- Added discussion of consequences of a future trading halt or suspension, including potential delisting from Nasdaq, defaults or acceleration under contractual obligations, loss of investor confidence, and reduced liquidity (filed 2026-08-18)
- Removed:
- Removed risk factor: 'Without obtaining adequate capital funding or improving our financial performance, we may not be able to continue as a going concern.' (filed 2026-05-01)
- Removed the entire 'Risks Related to Our Operations in Hong Kong' section with its risk factors about being a Texas holding company, enforcement of U.S. judgments, and PRC regulatory authorities disallowing the operating structure (filed 2026-05-01)
- Reworded:
- Updated the introductory paragraph to state that the risk factors supplement and should be read together with the March 31, 2026 10-Q and the 2025 Annual Report, whereas the older filing referenced only the 2025 Annual Report (filed 2026-08-18)
- Notes:
- The newer filing text appears to be truncated at the end, beginning 'ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS' with a blank '(A) Unregistered Sales of Equity Securities - None' and '( ' followed by nothing, so the comparison covers only the disclosed portion of the Risk Factors section.
- The older filing text also appears truncated at the end, cutting off mid-sentence in the final risk factor ('While we do not operate in an industry t'), so the comparison covers only the disclosed portion of the older Risk Factors section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for INHD — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
INHD had 53,684 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
INHD had 2.13% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1 days to cover at the same settlement.
- Reported short interest (shares) 53,684
- Short interest (% of shares outstanding) 2.13%
- Prior settlement (shares) 49,699
- Reported change 8.02%
- Days to cover (reported) 1
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Back Market
- EcoATM
- Gazelle
- Brightstar Corp
- PCS Wireless
- Liquidity Services (LQDT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Inno Holdings Inc. (INHD) do?
Inno Holdings Inc. is a technology company that sources, inspects, and refurbishes pre-owned consumer electronic devices, specifically smartphones and tablets. The company sells these recycled devices primarily to wholesale customers across Southeast Asia, the Middle East, and Europe. Operations are conducted through Hong Kong-based subsidiaries, supported by a proprietary pricing algorithm and inventory management system.
What sector is Inno Holdings Inc. (INHD) in?
Inno Holdings Inc. (INHD) is classified in the Industrials sector. Its industry is consumer electronics refurbishment & distribution. It trades on NASDAQ.
Who are Inno Holdings Inc.'s (INHD) competitors?
Notable peers of Inno Holdings Inc. (INHD) include Back Market, EcoATM, Gazelle, Brightstar Corp and PCS Wireless. This peer set is informational only — not financial advice.
Where does stocks-llm's data on INHD come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.