AIQ Limited (AIQ) AI Stock Analysis

• Market Cap: £2.59M
• Dividend Yield: N/A
• Average Volume (3M): 8.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.06
• Revenue Growth: -47.47%
• EPS Growth: 12.50%
• Country: UK
• Employees: 9
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 64,760,720
• 10 Day Avg. Volume: 8,320
• 30 Day Avg. Volume: 8,526
• PEG Ratio: -0.09
• Price to Book (P/B): -2.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 45 Neutral
• Price Target: 4.00 p ▼(-33.33% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily weighed down by very weak financial performance (revenue collapse, persistent losses, cash burn, and negative equity). Technicals provide only partial support via short-term strength, but extremely overbought momentum and weaker longer-term averages temper that. Valuation remains pressured by ongoing losses and no indicated dividend.

Positive Factors

High Gross Margin (Historical)

Reported strong gross margin in 2024 implies the core product or service can command favorable economics when revenue is present. That structural margin capability supports scalability and healthy unit economics if management restores consistent sales.

Lean Operating Footprint

Very small headcount in a software application business indicates a low fixed-cost base and potential for high operating leverage. If revenue recovery occurs, the company can scale contribution margins faster than traditional businesses with heavy labor or capital intensity.

Signs of FCF Improvement in Periods

While overall cash flow is negative, documented improvements in free cash flow in some periods show management may be making structural progress on cash conversion. Sustained FCF recovery would materially improve solvency and self-funding capacity.

Negative Factors

Revenue Collapse

Revenue falling to zero is a fundamental business continuity risk: it severs the revenue engine that funds operations, prevents margin realization, and undermines customer traction. Without durable revenue reactivation, fixed costs and R&D cannot be sustained long-term.

Deep Negative Shareholders' Equity

Persistently negative equity weakens solvency, limits access to capital, and increases insolvency risk during downturns. It constrains strategic options, can restrict creditor flexibility, and makes long-term investment or M&A support more difficult without recapitalization.

Persistent Cash Burn

Consistent operating cash outflows and negative free cash flow indicate the business is consuming capital to operate. Over months-to-years this erodes liquidity, forces dilutive financing or asset sales, and impairs ability to invest in product or customer growth sustainably.

AIQ Limited Business Overview & Revenue Model

Company Description

AIQ Limited, through its subsidiaries, designs and develops software solutions. The company offers messaging solution for business customers and an AI-powered online shopping platform. The company was incorporated in 2017 and is based in Grand Cayman, the Cayman Islands.

How the Company Makes Money

AIQ Limited generates revenue primarily through the sale of software licenses and subscriptions for its AI-driven platforms. These platforms are designed to support businesses in improving operational efficiency and gaining insights from data. The company also offers consulting services for custom AI solution development and integration. Additionally, AIQ may form strategic partnerships with industry leaders to co-develop and market innovative AI applications, further boosting its revenue streams.

AIQ Limited Financial Statement Overview

Summary

Financials indicate very high risk: revenue collapsed to zero in the latest annual period, losses are persistent and sizable, operating cash flow remains negative (cash burn), and shareholders’ equity is deeply negative, limiting solvency and flexibility.

Income Statement

Results remain very weak. Revenue has been volatile and ultimately collapsed to zero in 2025 (annual), after modest scale in 2023–2024. While gross margin was strong in 2024, profitability is consistently negative across the period, with large operating losses and net losses each year, indicating the cost base is not supported by the current revenue level.

Balance Sheet

The balance sheet shows elevated financial risk. Shareholders’ equity turned negative from 2023 onward and remains deeply negative in 2025, which weakens solvency and financial flexibility. Debt is meaningful relative to the company’s very small asset base (2025 total assets are low), and while debt levels are not exploding, the negative equity position and ongoing losses are the key constraint.

Cash Flow

Cash generation is persistently negative, with operating cash flow outflows every year shown, including a larger outflow in 2025 versus 2024. Free cash flow is also negative in most years (and reported as zero in 2025), reflecting continued cash burn and limited self-funding capacity. While some periods show improving free cash flow versus the prior year, the overall pattern is continued cash consumption.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0.00	304.23K	207.21K	498.39K	61.86K
Gross Profit	-2.23K	230.59K	133.51K	114.14K	-188.81K
EBITDA	-439.28K	-240.29K	-408.28K	-196.40K	-1.06M
Net Income	-445.85K	-272.90K	-526.28K	-640.91K	-1.19M
Balance Sheet
Total Assets	52.91K	68.42K	184.05K	788.16K	1.10M
Cash, Cash Equivalents and Short-Term Investments	19.92K	44.36K	135.44K	636.46K	581.62K
Total Debt	500.00K	647.31K	500.00K	578.01K	169.49K
Total Liabilities	1.25M	812.89K	656.82K	734.23K	415.23K
Stockholders Equity	-1.21M	-744.46K	-472.77K	53.94K	685.74K
Cash Flow
Free Cash Flow	0.00	-239.61K	-420.65K	-326.36K	-1.07M
Operating Cash Flow	-480.14K	-239.61K	-419.00K	-326.36K	-1.06M
Investing Cash Flow	0.00	0.00	-1.65K	785.00	-6.54K
Financing Cash Flow	455.50K	147.31K	-79.94K	400.64K	-82.51K

AIQ Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AIQ, the sentiment is Positive. The current price of 6 is above the 20-day moving average (MA) of 4.00, above the 50-day MA of 3.80, and above the 200-day MA of 4.39, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 89.79 is Negative, neither overbought nor oversold. The STOCH value of 74.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AIQ.

AIQ Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EYE	69 Neutral	£96.43M	41.31	4.75%	―	0.97%	-71.58%
CLBS	62 Neutral	£47.94M	-9.99	8.83%	2.44%	-25.63%	-20.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GETB	60 Neutral	£30.92M	-10.45	-7.07%	―	1.73%	-68.87%
CKT	57 Neutral	£15.93M	-1.93	-29.25%	―	10.00%	34.02%
AIQ	45 Neutral	£2.59M	-5.87	―	―	-47.47%	12.50%
RDT	40 Underperform	£1.92M	-0.28	-586.74%	―	5.29%	72.50%

AIQ Limited Corporate Events

AIQ swings to zero revenue as it pivots into AI data centre infrastructure

AIQ Limited reported a challenging year to 31 October 2025, generating no revenue versus £304,000 a year earlier and widening its post-tax loss to £464,000, while cutting administrative costs slightly and ending the period with just £20,000 in cash. The company is being propped up by extended convertible loan maturities and interest-free director loans, yet auditors have flagged a material uncertainty over its ability to continue as a going concern amid dependence on winning new contracts and securing further funding.

In response, AIQ has pivoted strategically, creating AIQ Vision in partnership with Centslink to pursue data centre construction and upgrade projects and build a globally distributed AI-as-a-Service platform, seeking to tap rising demand driven by generative AI and data sovereignty rules. While management sees significant market potential in high-reliability, localised infrastructure, it acknowledges a tough operating and geopolitical environment, leaving the success of this transformation and value creation for shareholders highly contingent on converting its pipeline into concrete contracts.

AIQ Extends Maturity of Key Convertible Loan Notes to 2028

AIQ Limited has agreed with major shareholders and noteholders Li Chun Chung, Soon Beng Gee and Lee Chong Liang to amend its existing convertible loan note facility. The key change is an extension of the notes’ expiration date from the previous maturity to 1 July 2028, while all other terms of the financing arrangement remain unchanged.

Because the noteholders collectively own 38.5% of AIQ and one of them, Li Chun Chung, serves as an executive director, the amendments constitute a related-party transaction under market rules. AIQ’s independent non-executive chairman and non-executive director have reviewed the revised terms and concluded that they are fair and reasonable for shareholders, reinforcing governance oversight around the extension of this key funding line.

AIQ Secures Interest-Free Director Loan for Working Capital

AIQ Limited, listed on the London Stock Exchange, operates as a publicly traded company but the announcement does not specify its sector, core services or target markets.

AIQ has entered into an interest-free, unsecured loan agreement for £176,000 with executive director Li Chun Chung, with the funds to be used for working capital and repayable on demand. As a related-party transaction, the deal was reviewed by independent board members, who concluded that the terms are fair and reasonable for shareholders, signalling board support for the financing arrangement and providing near-term liquidity without interest costs to the company.