Halo Technologies Holdings Ltd (HAL) AI Stock Analysis

• Market Cap: AU$11.09M
• Dividend Yield: N/A
• Average Volume (3M): 55.85K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.58
• Revenue Growth: 1.07%
• EPS Growth: -7.61%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.06
• Shares Outstanding: 291,939,540
• 10 Day Avg. Volume: 23,827
• 30 Day Avg. Volume: 55,851
• PEG Ratio: 0.04
• Price to Book (P/B): -0.59
• Price to Sales (P/S): 0.36
• P/FCF Ratio: -0.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: AU$0.04 ▼(-5.00% Downside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is held down primarily by weak financial performance (deepening losses, negative equity, and ongoing cash burn). Technicals provide only a modest offset as the stock is strong versus key moving averages, but extremely overbought momentum signals raise near-term reversal risk. Valuation remains constrained by negative earnings and no provided dividend yield.

Positive Factors

Long‑run revenue growth

Historical multi‑year revenue growth (2020–2024) indicates the company has previously achieved market traction and demand for its product set. That baseline adoption supports a path to reaccelerate sustainable top‑line recovery if operational issues are addressed and execution improves.

Large asset base

A sizable asset base provides structural optionality: it can act as collateral for financing, support restructuring or M&A, and gives management more time to fix operations. This durability can help the company fund a turnaround without immediate revenue dependence if capital access exists.

Software industry scalability

As a software‑application business, the company benefits from structural scalability and high operating‑leverage potential whereby incremental revenue can drive outsized margin improvements. If product‑market fit and unit economics are restored, the industry model supports durable margin expansion.

Negative Factors

Negative equity / higher leverage risk

Conversion to negative equity is a major structural weakness that reduces financial flexibility, raises creditor and covenant risk, and complicates capital raises. Persistent negative book equity signals solvency pressure and may force dilutive financing or asset sales to sustain operations.

Sustained cash burn

Multi‑year negative operating and free cash flow indicate the business is cash‑consumptive and dependent on external financing. This structural cash burn limits the company’s ability to self‑fund growth or absorb shocks, raising long‑term execution and survivability risk absent clear funding plans.

Negative gross profit and deep losses

Negative gross profit implies broken unit economics: the core product currently loses money before operating costs. Such structural profitability issues require fundamental changes to pricing, costs, or product mix; without those, sustainable margin recovery is unlikely and loss trends may persist.

Halo Technologies Holdings Ltd Business Overview & Revenue Model

Company Description

Halo Technologies Holdings Limited provides equity research and portfolio management services for commercial users and financial professionals in Australia and internationally. It offers equities research and analysis capability, portfolio management tools, international trade execution capability, and themed investments solutions. The company's product is HALO Global, an equities research and execution solution that allows users to analyses and invests comprising charting interface, stock scanner and blender, signals and monitors, broker consensus, and ready-to-invest Thematic Portfolios. The company was founded in 2017 and is based in Sydney, Australia.

How the Company Makes Money

Halo Technologies Holdings Ltd generates revenue primarily through the sale of its software products and services, which include subscription-based models, licensing fees, and consulting services. The company also earns income from partnerships with telecommunications providers and enterprises that utilize its technology to enhance their operational capabilities. Additionally, HAL may engage in strategic collaborations and joint ventures that contribute to its revenue streams, allowing it to expand its market reach and customer base.

Halo Technologies Holdings Ltd Financial Statement Overview

Summary

Financial statements indicate elevated risk: revenue declined in 2025 (~-8.5%), profitability deteriorated to very large losses with negative gross profit, equity turned negative in 2025, and operating/free cash flow have been negative for multiple years with further deterioration in 2025.

Income Statement

Revenue has grown over the long run (2020–2024), but the most recent year (2025) shows a decline (down ~8.5%). Profitability has deteriorated sharply: 2025 shows negative gross profit and very large operating and net losses (net margin roughly -110%), following several years of losses after a profitable 2021. Overall, the income statement reflects weak and worsening earnings quality and limited evidence of operating leverage.

Balance Sheet

Leverage risk increased materially. Equity moved from positive in 2021–2024 to negative in 2025, which is a major balance-sheet weakness and reduces financial flexibility. Debt rose versus earlier years, and with negative equity the capital structure looks strained, even though total assets remain large.

Cash Flow

Cash generation is weak and trending poorly: operating cash flow and free cash flow are negative in 2022–2025, with further deterioration in 2025. The company is effectively cash-burning, which increases reliance on external funding. Cash flow performance does not currently support self-funded growth or a clear path to near-term profitability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.75M	18.75M	12.88M	9.62M	5.83M
Gross Profit	-3.51M	18.75M	1.30M	1.93M	1.65M
EBITDA	-10.94M	-12.71M	-7.35M	-852.97K	3.26M
Net Income	-17.41M	-14.54M	-7.20M	-2.03M	2.78M
Balance Sheet
Total Assets	398.81M	453.68M	466.09M	227.11M	283.27M
Cash, Cash Equivalents and Short-Term Investments	389.10M	4.95M	8.54M	19.42M	24.98M
Total Debt	6.27M	3.61M	42.86K	57.42K	0.00
Total Liabilities	408.41M	450.09M	448.26M	202.08M	256.15M
Stockholders Equity	-9.61M	3.59M	17.83M	25.04M	27.12M
Cash Flow
Free Cash Flow	-7.08M	-7.49M	-6.66M	-5.31M	2.54M
Operating Cash Flow	-7.08M	-5.93M	-4.10M	-3.33M	3.00M
Investing Cash Flow	-395.14K	-1.36M	-2.76M	-3.10M	-463.70K
Financing Cash Flow	6.07M	3.70M	-14.56K	19.31M	0.00

Halo Technologies Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAL, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 90.90 is Negative, neither overbought nor oversold. The STOCH value of 71.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HAL.

Halo Technologies Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMX	48 Neutral	AU$21.85M	-3.90	-27.05%	―	-3.43%	-40.65%
HAL	44 Neutral	AU$11.09M	-0.32	282.61%	―	1.07%	-7.61%
CF1	44 Neutral	AU$12.04M	-2.76	-61.74%	―	31.31%	75.00%
XF1	43 Neutral	AU$19.81M	-13.76	46.05%	―	7.32%	67.11%
SIS	43 Neutral	AU$7.60M	-4.57	227.23%	―	-26.58%	―
PRO	39 Underperform	AU$8.43M	-0.46	783.67%	―	-4.90%	-52.78%

Halo Technologies Holdings Ltd Corporate Events

Halo Technologies Cuts Costs, Refocuses on APAC as Losses Widen

Halo Technologies Holdings Ltd, an ASX-listed fintech platform provider, offers access to a wide range of global equities, ETFs, and, more recently, Australian managed funds. The company focuses on serving financial advisers and institutional partners, with a growing emphasis on scalable B2B distribution in Australia, the wider APAC region, and select international markets.

The company reported a 16% drop in operating revenue to $16 million for 2025 and a wider net loss, driven by weaker brokerage activity, adviser volatility, and market turbulence, while recurring subscription income held steady. Under new leadership, Halo has shifted its UK arm to a capital-light technology B2B model, booked $4.77 million in impairments, launched a managed funds capability for planners, and is prioritising APAC and UAE B2B expansion, moves aimed at lowering costs and positioning the business for future growth in its core advisory and platform markets.

The most recent analyst rating on (AU:HAL) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.

Halo Technologies Shareholders Approve Performance Rights at Extraordinary Meeting

Halo Technologies Holdings Limited has confirmed that shareholders approved the sole resolution put to its Extraordinary General Meeting held on 27 February 2026, following a poll conducted in line with ASX Listing Rules and the Corporations Act. The resolution, which concerned the issuance of performance rights to director Peter Oxlade, was carried despite a notable level of votes against, signalling both support for the company’s incentive structure and a measure of shareholder scrutiny over executive remuneration and governance.

The most recent analyst rating on (AU:HAL) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.

Halo Technologies Discloses Final Director Interest Notice for Departing Board Member

Halo Technologies Holdings Limited has announced the cessation of Ivan Oshry as a director effective 30 January 2026, disclosing his final direct and indirect holdings in fully paid ordinary shares, including those held personally, via Oshfam Pty Ltd as trustee for the Oshfam Family Trust, and by his three children. The company also clarified an earlier administrative oversight in not lodging an Appendix 3Y when Oshry resigned from the board of AAIG in April 2024, stating that it has reviewed its disclosure processes, considers them appropriate, and has reminded directors of their obligations, signalling an effort to reinforce governance and compliance standards for stakeholders.

The most recent analyst rating on (AU:HAL) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.

Halo Technologies Calls 2026 EGM to Vote on CEO Performance Rights Grant

Halo Technologies Holdings Limited has called an Extraordinary General Meeting of shareholders to be held via Zoom webcast on 27 February 2026, with formal proceedings to include addresses from the chairman and chief executive officer. The key item of business is a resolution seeking shareholder approval to grant 35 million performance rights to CEO and executive director Peter Oxlade under the company’s executive performance rights plan, a move that underscores the board’s focus on aligning executive incentives with company performance and may have implications for governance, dilution and long-term value for existing shareholders.

The most recent analyst rating on (AU:HAL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.

Halo Technologies Refines B2B Strategy and Expands Product Suite as Quarterly Revenue Holds Steady

Halo Technologies reported quarterly operating revenue of $3.84 million for the three months to 31 December 2025, a slight seasonal decline from the prior quarter, with subscription revenue holding steady at $1.12 million. Under new CEO Peter Oxlade, the company has sharpened its strategy by shifting its UK operations to a capital-light, technology-only B2B model and prioritising the expansion of its B2B client base in Australia and key offshore markets. The November launch of Managed Funds in Australia significantly broadens Halo’s platform beyond direct equities and ETFs, positioning it to better serve traditional financial planners and potentially drive substantial revenue growth, while ongoing negotiations with B2B partners in Australia and Asia Pacific signal further expansion of its institutional distribution network.

The most recent analyst rating on (AU:HAL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.

Halo Technologies appoints new chair as Ivan Oshry steps down

Halo Technologies Holdings Limited has announced that long-serving Chairperson and director Ivan Oshry will step down from the board effective 31 January 2026, after playing a key role in steering the company through its IPO and early growth. The board has appointed existing independent non-executive director Philippa Lewis as the new Chair effective 5 January 2026, highlighting her extensive experience in listed company governance and growth-stage businesses, and expressing confidence that her leadership will help the company capitalise on its domestic and international expansion pipeline, signalling continuity and stability for investors and other stakeholders.

The most recent analyst rating on (AU:HAL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Halo Technologies Holdings Ltd stock, see the AU:HAL Stock Forecast page.