HashKey Holdings (FRA:QO1) OCF Margin %: -97.01% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:QO1 HashKey Holdings Ltd FRA:QO1
11 GF Score
Price €0.26
! 5 Warning Signs
View Full Analysis

What is HashKey Holdings OCF Margin %?

HashKey Holdings FRA:QO1 -0.68% 11 OCF Margin % is -97.01% as of Dec. 2025. GuruFocus rates FRA:QO1 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 771 Capital Markets companies, HashKey Holdings ranks worse than 80.29% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. HashKey Holdings's Cash Flow from Operations for the six months ended in Dec. 2025 was €-46.76 Mil. HashKey Holdings's Revenue for the six months ended in Dec. 2025 was €48.20 Mil. Therefore, HashKey Holdings's OCF Margin % for the quarter that ended in Dec. 2025 was -97.01%.

As of today, HashKey Holdings's current OCF Yield % is -9.57%.

The historical rank and industry rank for HashKey Holdings's OCF Margin % or its related term are showing as below:

FRA:QO1' s OCF Margin % Range Over the Past 10 Years
Min: -131.73   Med: -103.45   Max: -25.43
Current: -88.44

During the past 4 years, the highest OCF Margin % of HashKey Holdings was -25.43%. The lowest was -131.73%. And the median was -103.45%.

FRA:QO1's OCF Margin % is ranked worse than
80.29% of 771 companies
in the Capital Markets industry
Industry Median: 1.96 vs FRA:QO1: -88.44

HashKey Holdings OCF Margin % Related Terms

HashKey Holdings OCF Margin % Historical Data

* Premium members only.

The historical data trend for HashKey Holdings's OCF 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 OCF Margin % Chart

HashKey Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
OCF Margin %
-111.16 -131.73 -25.43 -95.74

HashKey Holdings Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
OCF Margin % Get a 7-Day Free Trial -32.37 -17.51 -93.79 -97.01 0.00

FRA:QO1 vs SPGI, CME, ICE: OCF Margin % Comparison

For the Financial Data & Stock Exchanges subindustry, HashKey Holdings's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Capital Markets Industry

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

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


FRA:QO1
11GF Score
HashKey Holdings Ltd FRA:QO1
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HashKey Holdings OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

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

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-75.988/79.365
=-95.74 %

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

OCF Margin=Cash Flow from Operations (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-46.755/48.197
=-97.01 %

* 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 OCF Margin % →
What does a OCF Margin % of -97.01% mean?
HashKey Holdings (FRA:QO1) has a OCF Margin % of -97.01% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on HashKey Holdings and its competitors. According to the industry distribution chart, HashKey Holdings ranks #619 out of 771 companies in the Capital Markets industry, placing it in the top 80.3%.
Is HashKey Holdings' OCF Margin % too high?
HashKey Holdings' current OCF Margin % is -97.01%. Based on the distribution chart, HashKey Holdings ranks #619 out of 771 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' OCF Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, HashKey Holdings ranks #619 out of 771 companies for OCF Margin %. This places HashKey Holdings in the lower half of its industry. The industry median OCF Margin % is 1.96. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Capital Markets company?
The median OCF Margin % among Capital Markets companies is 1.96, based on 771 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on HashKey Holdings and its competitors. For the Capital Markets industry, the median OCF Margin % is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current OCF Margin % is -97.01%. 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 (FRA:QO1) has a current OCF Margin % of -97.01%. The current OCF Margin % is -97.01%. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For HashKey Holdings (FRA:QO1), the current OCF Margin % is -97.01% 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

Other Exchanges 03887:Hong Kong
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

Get the complete analysis for FRA:QO1

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

€0.26
Price