Aether Holdings, Inc. Annual Report - How They Did This Year

Aether Holdings, Inc. (trading as ATHR on Nasdaq) just wrapped up its fiscal year, which ended on September 30, 2025. This past year was a significant one for the company!

A Big Step: Going Public! A major highlight for Aether Holdings this year was its Initial Public Offering (IPO) in April 2025. This means the company's common stock started trading on the Nasdaq Stock Market, making it a publicly-traded company. This is a huge milestone for any business, allowing it to raise capital from a wider range of investors. As of December 12, 2025, there were about 12.1 million shares of common stock outstanding.

What Kind of Company is Aether Holdings? Aether Holdings is currently classified as a "smaller reporting company" and an "emerging growth company." This generally means it's a newer or smaller public company that's still in its growth phase, and it has some different reporting requirements compared to much larger, more established corporations.

What They Value (Their Assets): Aether Holdings highlights several "intangible assets." These are things you can't physically touch but are valuable to the business. For Aether, these include:

• Trademarks and Domain Names: Their brand identity and online presence.
• Subscriber Lists: Their customer base, which is crucial for many businesses.
• Content Library: This suggests they create or own a lot of valuable information or media.
• Vendor and Platform Rights: Agreements that allow them to use certain services or platforms.
• Writer Relationships: This points to a business that relies on content creation or expert contributions.
• Non-Competition Agreements: These help protect their business from former employees or partners competing directly.

These assets suggest Aether Holdings is likely in a business that heavily relies on intellectual property, content, and customer engagement.

Customer Relationships: A positive sign for the company's stability is that it doesn't rely too heavily on any single customer. This means their business is spread out, reducing the risk if one large customer were to leave.

Looking Ahead (After Year-End): Right after the fiscal year closed, on October 1, 2025, Aether Holdings issued more common stock. This could be a move to raise additional funds for future growth, investments, or other business needs.

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Key Takeaways for Investors:

• Public Debut: Aether Holdings successfully completed its IPO in April 2025, with 12.1 million shares outstanding as of December 12, 2025.
• Growth Stage: The company is categorized as a "smaller reporting company" and "emerging growth company," indicating it's in an active growth phase.
• Valuable Intangibles: Its core assets include trademarks, subscriber lists, a content library, and key vendor/writer relationships.
• Diversified Customer Base: Aether Holdings benefits from not being overly dependent on any single customer, which helps reduce business risk.
• Post-Year-End Funding: The company issued additional common stock shortly after the fiscal year closed, potentially to support future expansion.