Ohmyhome Limited Ordinary Shares
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red, because several documented substance risks come together: in its prospectus supplement of October 7, 2026, the company itself cites substantial doubt about its ability to continue as a going concern, all revenue of the remaining business came from two customers in the first half of 2026, and financing runs through shares on terms that can multiply the share count. Add the $1 sale after a S$19.0 million receivables waiver and a Nasdaq deficiency notice in July 2026. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Ohmyhome is the phoenix trap in its purest form: a new name, a new domicile, a new business and a stock that went up almost ninefold in four trading days in November 2026. The filings show a core business that changed hands for one dollar, a marketing business with two customers and an 8.7 percent gross margin, a share count that has grown a hundredfold in less than two years, and a prospectus that doubts the company's survival. Whoever buys is betting on a fresh start that so far has been financed mainly by new shares. Not investment advice.
Business model
After selling the property platform for $1 (closed as of May 31, 2026, per 6-K), a digital marketing business with an 8.7% gross margin in the first half of 2026 remains; per the 20-F, clients buy the services on a non-exclusive basis.
Customer concentration
Two customers accounted for 67.08% and 32.92% of revenue in the first half of 2026, one customer for 99.99% of receivables and one vendor for 100% of accounts payable.
Balance sheet & liquidity
Hardly any debt (S$0.85 million as of June 30, 2026), but only $3.10 million of cash; the prospectus supplement of October 7, 2026, cites substantial doubt about the ability to continue as a going concern. Fresh money in 2026 came only from new shares.
Dilution
Share count on today's basis from 47,212 (end of 2024) to at least 5.13 million (October 16, 2026); warrants with a nine-for-one exchange (up to 27 million shares) and an equity line of up to $40 million at half the 180-day low.
Governance
Waiver of S$19.0 million of receivables before the $1 sale to an unnamed buyer, change of control over the Class B shares, five resignations from management and the board from January through August 2026, reverse splits possible by board resolution since the move to the BVI.
Worth Noting
The analysis was triggered by our in-house Reddit hype scanner; per ApeWisdom (retrieved 11/10/2026) 13 mentions in 24 hours, rank 43 after rank 613 a day earlier. Price references: $2.53 (10/06/2026, per 424B5), $2.92 (close 11/03/2026), $15.55 (close 11/04/2026), $25.84 (close 11/09/2026, intraday range $19.91 to $85.97).
Data as of: the latest periodic report is the interim financial statements as of 06/30/2026 (6-K of 09/10/2026); all filings through the 6-K of 11/09/2026 were reviewed. Annual figures through 2025 cover the whole group including the property business; the first-half 2026 figures in the "Numbers" chapter cover only the continuing marketing business. Revenue and results for 2021 and 2022 come from fundamental data, from 2023 onward from the 20-F annual reports.
Share count as a floor: whether warrants were exchanged or shares issued under the equity line after 10/16/2026 is not reported in any filing through 11/09/2026. The market value in the fundamental data (about $55 million) is based on 2.11 million shares and is therefore not used.
Not to be confused with: Ohmyhome (OMH) has nothing to do with OneMain Holdings (ticker OMF). The new name Ohmyswift Limited does not yet appear in EDGAR as of 11/10/2026; the company is still listed there as "Ohmyhome Ltd".
Stock Watch
This analysis is as of November 11, 2026. Stock Watch will tell you what's changed at OMH since then.
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Price history
Chart
Interactive price chart (TradingView).
Last price: 25.84 $ (As of: November 11, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
No dividend data is available for this stock yet.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Real Estate Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Ohmyhome Limited Ordinary Shares OMH | 0.1 | – | – | – | -23.5 | 12.5 | – |
| CBRE Group Inc Class A CBRE | 39.3 | 31.9 | 24.5 | 18.5 | 2.7 | 13.4 | -9.5 |
| Ke Holdings Inc BEKE | 19.9 | 43.0 | 13.2 | 24.0 | 6.7 | 1.2 | 20.1 |
| Jones Lang LaSalle Incorporated JLL | 17.1 | 21.5 | 12.1 | 51.2 | 3.3 | 11.5 | 24.9 |
| CoStar Group Inc CSGP | 12.4 | 471.7 | 24.8 | 78.3 | 0.3 | 18.7 | -54.9 |
| Compass Inc COMP | 7.4 | 487.2 | 98.2 | 14.1 | -5.7 | 23.7 | 13.7 |
| Cushman & Wakefield plc CWK | 3.3 | 46.5 | 10.3 | 18.1 | 2.3 | 8.9 | -11.6 |
| IHS Holding Ltd IHS | 2.9 | 5.2 | 4.1 | 54.0 | 19.3 | -7.6 | 27.7 |
| Newmark Group Inc NMRK | 2.8 | 14.4 | 9.8 | 100.0 | 3.5 | 21.9 | -32.7 |
| Median of companies shown | 7.4 | 37.4 | 12.7 | 37.6 | 2.7 | 12.5 | 2.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Quarters
Quarterly Figures
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Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales (SGD m) | Sales YoY (%) | Net Margin (%) | OCF (SGD m) | FCF (SGD m) |
|---|---|---|---|---|---|---|---|
| 2022: Q2 | – | – | 3 | 45.80 | -27.20 | 0 | 0 |
| 2022: Q3 | – | – | 2 | 76.70 | -58.60 | -1 | -1 |
| 2023: Q1 | – | – | 4 | 115.40 | -58.60 | -3 | -3 |
| 2023: Q3 | – | – | 2 | 19.00 | -114.20 | -3 | -3 |
| 2024: Q1 | 0.00 | – | 3 | -22.10 | -105.50 | -2 | -2 |
| 2024: Q2 | -1.04 | – | 5 | – | -51.00 | -2 | -2 |
| 2025: Q1 | -0.89 | – | 6 | 126.10 | -32.10 | -1 | -1 |
| 2026: Q1 | – | – | 3 | -48.00 | -127.10 | -2 | -2 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
AI classification
AI Rating
Geprüft am 10.11.2026 gegen die beiden jüngsten Geschäftsberichte (20-F für 2025, eingereicht 28.04.2026, und für 2024, eingereicht 29.04.2025), die Halbjahresabschlüsse zum 30.06.2026 (6-K vom 10.09.2026) und zum 30.06.2025 (6-K vom 02.12.2025), die Verkaufsmeldung vom 18.06.2026 (6-K) und den Prospektnachtrag vom 07.10.2026 (424B5) von Ohmyhome (seit 03.11.2026 Ohmyswift Limited): Die KI-Werkzeuge, die der Geschäftsbericht für 2025 beschreibt — das Bewertungswerkzeug HomerAI, ein Modell für Immobilienwerte und ein KI-Chatbot —, gehörten zur Immobilienplattform, die am 31.05.2026 für 1 US-Dollar an Sterling Oat Ltd. verkauft wurde. Das verbliebene Digitalmarketing-Geschäft (Ohswiftwing Pte. Ltd.) nennt KI-Firmen nur als mögliche Kundengruppe; der Halbjahresabschluss zum 30.06.2026 enthält keinen KI-Bezug, keinen KI-Umsatz und keinen eigenen KI-Einsatz. Eine Kundengruppe begründet nach dem Kriterienkatalog weder „verkauft“ noch „nutzt“; damit bleibt es bei „neutral“ (dokumentierter Negativ-Befund). Hinweis für die nächste Fortschreibung: Der Geschäftsbericht 20-F für 2026 ist der erste Jahresbericht ohne das Immobiliengeschäft — dort prüfen, ob das Marketinggeschäft KI-Werkzeuge einsetzt oder verkauft.
View the full file — quotes, sources, reviewed filings
„We have developed and launched HomerAI, our Homer Ownership Management & E-valuation Report AI Tool, in 2023."
Wir haben 2023 HomerAI entwickelt und eingeführt, unser KI-Werkzeug für die Verwaltung von Wohneigentum und für Bewertungsberichte (Homer Ownership Management & E-valuation Report AI Tool).
20-F · 2026-04-28 · View SEC filing
„In spite of the above-mentioned increased competition within our traditional business, we strategize to enter into digital marketing business where we are able to target a broader client portfolio, ranging from traditional industry players to high growth company in the telecommunication and entertainment industry, and artificial intelligence (“AI”) industry participants who have a high demand of obtain online attention and traffic through our services and our experiences with major online traffic platforms."
Trotz des oben genannten verschärften Wettbewerbs in unserem traditionellen Geschäft verfolgen wir die Strategie, in das Digitalmarketing einzusteigen, wo wir einen breiteren Kundenkreis ansprechen können — von traditionellen Branchenunternehmen über wachstumsstarke Firmen der Telekommunikations- und Unterhaltungsbranche bis zu Marktteilnehmern der Branche für künstliche Intelligenz („KI“), die über unsere Dienste und unsere Erfahrung mit großen Online-Traffic-Plattformen viel Online-Aufmerksamkeit und Besucherverkehr gewinnen wollen.
20-F · 2026-04-28 · View SEC filing
Filings Reviewed: 20-F 2026-04-28 · 20-F 2025-04-29 · 6-K 2026-09-10 · 6-K 2025-12-02 · 6-K 2026-06-18 · 424B5 2026-10-07
Rated on November 10, 2026 · How the Rating Is Built
The company
About the Company
Ohmyhome Limited operates as a data and technology-driven property technology company in Singapore and Malaysia. It operates through Brokerage, Emerging, and Another Related Service; Estate Management Services and Other Related Services; and Digital marketing services segments. The company operates Ohmyhome, a property platform that provides end-to-end property solutions and services. It also offers brokerage, property management, and emerging and other property-related services, such as listing and research services, mortgage referral services, legal services, insurance referral, and renovation and home services comprising air conditioning, cleaning, painting, handyman, moving, and relocation services. It also engages in the design, build, and project management of interior decoration projects for residential and commercial units. In addition, the company provides internet marketing services by providing content promotion services. Ohmyhome Limited was founded in 2016 and is based in Singapore.
- IPO Year
- 2023
Data as of: November 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.