The 88% revenue growth is from a tiny base and the loss improvement is mostly non-cash items. Watch for the permanent CEO appointment and whether the company can achieve positive operating cash flow before cash runs out. The going-concern note limits equity valuation upside.
Price Chart
Executive Summary
BeLive Holdings reported H1 2026 revenue of S$659,389 (+88% YoY) and a net loss of S$1,419,055, a 73% improvement from the S$5,225,296 loss in H1 2025. The loss narrowed primarily due to the absence of S$2.8M in share-based compensation from the prior period. However, the company continues to burn cash (S$1.5M operating cash outflow), the auditor flagged a material going-concern uncertainty, and the CEO resigned effective October 2026. Revenue growth is from a small base and the business remains deeply unprofitable.
Key Facts
- H1 2026 revenue S$659,389 vs S$350,045 YoY (+88%)
- Net loss S$1,419,055 vs S$5,225,296 YoY (improvement driven by absence of S$2.8M share-based payment expense)
- Operating cash outflow S$1,528,674 vs S$2,682,635 YoY
- Cash and equivalents S$7,114,557, down from S$8,577,947 at Dec 2025
- Going concern material uncertainty disclosed
- CEO Kenneth Teck Chuan Tan resigned; CFO Abdul Latif Bin Zainal appointed interim CEO/Chairman effective Oct 4, 2026
- Accumulated losses S$35,667,501
- Singapore subsidiary has net liabilities of S$5,278,100, prohibited from paying dividends
Financial Impact
Revenue grew 88% YoY to S$659K but operating cash burn continues at S$1.5M per half; cash runway ~2.3 years at current burn rate
Risk Factors
- Going concern risk — auditor noted material uncertainty
- CEO departure creates leadership vacuum during critical growth phase
- Cash burn continues despite revenue growth; no path to profitability disclosed
- Customer concentration — top customer A contributed 39% of H1 2026 revenue
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-046951 |
| Document: 0001493152-26-046951-index-headers.html | 0001493152-26-046951 |
| Document: 0001493152-26-046951-index.html | 0001493152-26-046951 |
| Document: 0001493152-26-046951.txt | 0001493152-26-046951 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 6-K | $2.45 | awaiting T+60 | — | $2.30 (+6.12%) |
Jul 20, 2026 14w ago | 6-K | $2.38 $2.30 | ▲ +3.36% | ▲ +8.46% | $2.30 (+3.36%) |
May 15, 2026 23w ago | 20-F | $2.33 $2.19 | ▲ +6.01% | ▲ +10.52% | $2.30 (+1.29%) |
Mar 11, 2026 32w ago | EFFECT | $2.62 $2.30 | ▼ −12.21% | ▼ −23.74% | $2.30 (−12.21%) |
Feb 27, 2026 34w ago | F-1 | $2.96 $2.45 | ▲ +17.23% | ▲ +26.56% | $2.30 (+22.30%) |
US Market Status
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