The company targets home-based people in the gig economy through a membership model designed to create lasting wealth. Hapi Marketplace offers over 6,500 products at discounted prices to members, including bathroom supplies, fashion products, accessories, cosmetics, and health supplements. However, the business faces significant financial headwinds with declining revenues and substantial operating losses.
Cyborg Score Rationale
Revenue declined 30.84% in 2025 to $866,926 compared to $1.25 million in 2024. EBITDA is negative $3.16M with a margin of -350.07%. The company executed a 1-for-5 reverse stock split in February 2025 primarily to comply with Nasdaq's minimum bid price requirements.
Top Insights
Currently operates one Hapi Cafe outlet in Singapore and two in South Korea, limiting physical footprint
Holds a 19% interest in a Hapi Travel joint venture and announced a strategic partnership with Asia Business College to launch its Hapi Wealth program in China in Q1 2025
Revenue collapsed 30.84% in 2025 while losses improved by 4.34% to -$2.63 million, showing minimal operational progress
Zero analyst coverage indicates minimal institutional investor attention
Named Competitors
Costco — Membership-based wholesale retail with discount offerings
Amazon Prime — E-commerce marketplace with membership benefits