HashKey Holdings (HKSE:03887) EBITDA Margin %: -101.14% (As of Dec. 2025)

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HKSE:03887 HashKey Holdings Ltd HKSE:03887
11 GF Score
Price HK$2.62
! 5 Warning Signs
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What is HashKey Holdings EBITDA Margin %?

HashKey Holdings HKSE:03887 +0.58% 11 EBITDA Margin % is -101.14% as of Dec. 2025. GuruFocus rates HKSE:03887 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 666 Capital Markets companies, HashKey Holdings ranks worse than 89.64% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. HashKey Holdings's EBITDA for the six months ended in Dec. 2025 was HK$-444.1 Mil. HashKey Holdings's Revenue for the six months ended in Dec. 2025 was HK$439.1 Mil. Therefore, HashKey Holdings's EBITDA margin for the quarter that ended in Dec. 2025 was -101.14%.


HashKey Holdings  (HKSE:03887) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


HashKey Holdings EBITDA Margin % Related Terms


HashKey Holdings EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for HashKey Holdings's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HashKey Holdings EBITDA Margin % Chart

HashKey Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
-415.94 -245.68 -136.46 -122.14

HashKey Holdings Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EBITDA Margin % Get a 7-Day Free Trial -172.71 -95.09 -138.87 -101.14 -201.09

HKSE:03887 vs SPGI, CME, ICE: EBITDA Margin % Comparison

For the Financial Data & Stock Exchanges subindustry, HashKey Holdings's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HashKey Holdings EBITDA Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HashKey Holdings's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where HashKey Holdings's EBITDA Margin % falls into.


HKSE:03887
11GF Score
HashKey Holdings Ltd HKSE:03887
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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HashKey Holdings EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

HashKey Holdings's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-883.156/723.092
=-122.14 %

HashKey Holdings's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-444.125/439.125
=-101.14 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of -101.14% mean?
HashKey Holdings (HKSE:03887) has a EBITDA Margin % of -101.14% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on HashKey Holdings and its competitors. According to the industry distribution chart, HashKey Holdings ranks #597 out of 666 companies in the Capital Markets industry, placing it in the top 89.6%.
Is HashKey Holdings' EBITDA Margin % too high?
HashKey Holdings' current EBITDA Margin % is -101.14%. Based on the distribution chart, HashKey Holdings ranks #597 out of 666 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' EBITDA Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, HashKey Holdings ranks #597 out of 666 companies for EBITDA Margin %. This places HashKey Holdings in the lower half of its industry. The industry median EBITDA Margin % is 23.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Capital Markets company?
The median EBITDA Margin % among Capital Markets companies is 23.15, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on HashKey Holdings and its competitors. For the Capital Markets industry, the median EBITDA Margin % is 23.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current EBITDA Margin % is -101.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HashKey Holdings stock overvalued right now?
HashKey Holdings (HKSE:03887) has a current EBITDA Margin % of -101.14%. The current EBITDA Margin % is -101.14%. HashKey Holdings' overall GF Score™ is 11/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For HashKey Holdings (HKSE:03887), the current EBITDA Margin % is -101.14% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HashKey Holdings Business Description

Address 8 Connaught Place, 14th Floor, Three Exchange Square, Central, Hong Kong, HKG
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
11GF Score

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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$2.62
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