HashKey Holdings (FRA:QO1) Selling, General, & Admin. Expense: €33.73 Mil (TTM As of Dec. 2025)

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FRA:QO1 HashKey Holdings Ltd FRA:QO1
11 GF Score
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What is HashKey Holdings Selling, General, & Admin. Expense?

HashKey Holdings FRA:QO1 -0.68% 11 Selling, General, & Admin. Expense is €33.73 Mil as of Dec. 2025. GuruFocus rates FRA:QO1 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. HashKey Holdings's selling, general, & admin. expense for the six months ended in Dec. 2025 was €19.99 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was €33.73 Mil.


HashKey Holdings  (FRA:QO1) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


HashKey Holdings Selling, General, & Admin. Expense Related Terms


HashKey Holdings Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for HashKey Holdings's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

HashKey Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
12.29 16.13 27.51 82.48

HashKey Holdings Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial 9.91 17.28 13.85 19.99 13.74

FRA:QO1 vs SPGI, CME, ICE: Selling, General, & Admin. Expense Comparison

For the Financial Data & Stock Exchanges subindustry, HashKey Holdings's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HashKey Holdings's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where HashKey Holdings's Selling, General, & Admin. Expense falls into.


FRA:QO1
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HashKey Holdings Ltd FRA:QO1
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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HashKey Holdings Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €33.73 Mil.

* 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.

What does a Selling, General, & Admin. Expense of €33.73 Mil mean?
HashKey Holdings (FRA:QO1) has a Selling, General, & Admin. Expense of €33.73 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on HashKey Holdings and its competitors.
Is HashKey Holdings' Selling, General, & Admin. Expense too high?
HashKey Holdings' current Selling, General, & Admin. Expense is €33.73 Mil. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Selling, General, & Admin. Expense compare to SPGI and CME?
HashKey Holdings' Selling, General, & Admin. Expense of €33.73 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Capital Markets company?
A good Selling, General, & Admin. Expense depends on the Capital Markets industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on HashKey Holdings and its competitors. HashKey Holdings's current Selling, General, & Admin. Expense is €33.73 Mil. 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 Selling, General, & Admin. Expense of €33.73 Mil. The current Selling, General, & Admin. Expense is €33.73 Mil. 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 Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For HashKey Holdings (FRA:QO1), the current Selling, General, & Admin. Expense is €33.73 Mil 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.
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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