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AGM Group Holdings Inc logo

AGM Group Holdings Inc

agmprime.com

What Do They Do?

Develops, manufactures and sells cryptocurrency mining machines and standardized computing equipment to retail customers and other technology-hardware buyers.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

Technology hardware customers are approached directly by senior sales staff; the company also plans search and social-media marketing to reach targeted users.

Customers above 10% of revenue, FY2025
of revenue from five customers (19%, 18%, 16%, 15%, 14%)
FY2023: 85% from three customers

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$4.1M.

Operating income, FY2025
−15% of revenue
▼ Now a loss vs FY2024 ($5.9M, 19%)
Net income, FY2025
2% of revenue
▼ −82% vs FY2024 ($3.1M, 10%)
Free cash flow, FY2025
−13% of revenue
▼ Now a loss vs FY2024 ($7.1M, 22%)

How Are They Changing?

Shrinking. Revenue fell 17% in 4 years, from $36.7M in FY2021 to $30.6M in FY2025, about 4% a year.

Who Do They Compete With?

Competes with Bitmain, Canaan, and MicroBT

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