ORKTNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Orangekloud Technology Inc

Orangekloud Technology Inc. is a Singapore-based software company that develops the eMOBIQ® no-code platform for building mobile applications. Its offerings are used by SMEs and corporations to digitize workflows across functions such as ordering, delivery, warehousing, and manufacturing, with a business focus in Southeast Asia.

Revenue5.7m USD
+40.6 %y/y
Operating profit (EBIT)-7.5m USD
+14.0 %y/y
EBIT margin-131.4%
+83.4 ppy/y
Net income-4.5m USD
+48.3 %y/y
Free cash flow-4.9m USD
+50.3 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-10-50510m USD2022: 7.2 m USD2022: EBIT 1.8 m USD20222023: 6.1 m USD2023: EBIT -1.4 m USD20232024: 4.0 m USD2024: EBIT -8.7 m USD20242025: 5.7 m USD2025: EBIT -7.5 m USD20255.7-7.5
RevenueOperating profit (EBIT)

Business

Share of revenue
No-code app platform45 %

eMOBIQ® tools used to build custom mobile applications without traditional coding.

SaaS ISV solutions25 %

Subscription-based software solutions sold as packaged digital applications.

Operations workflow apps20 %

Apps for sales ordering, warehousing, delivery, and field operations.

Implementation and support10 %

Deployment, configuration, and support services around customer rollouts.

Products

Reported · share of revenue
47.7%43.0%9.3%FY2025100 %
  • Packaged Subscription License Software and Hardware for Solution47.7 %
  • Services and License Support43.0 %
  • No Code Platform and Mobile Application9.3 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Customers are mainly SMEs and larger enterprises that want to digitize manual or paper-based processes with configurable mobile software. The company also targets industry-specific users in food services, manufacturing, construction, and precision engineering where workflow efficiency and mobile access matter. Partnerships and channel relationships suggest it can reach organizations adopting digital tools across ASEAN markets.

SMEs

Small and medium enterprises buy eMOBIQ apps to digitize operations quickly without large software teams.

Corporations

Larger enterprises use the platform for workflow apps and internal digitalization projects.

Food services and manufacturing

These vertical users adopt apps for ordering, delivery, production, and task tracking.

Construction and engineering

Project-based operators buy mobile workflow tools to improve field execution and visibility.

Channel and ecosystem partners

Partners help distribute the platform and extend customer reach in ASEAN markets.

Strategy

Orangekloud’s strategy centers on expanding adoption of its no-code platform and SaaS solutions through partnerships and regional go-to-market reach. It is also extending its business into AI-enabled SME digital transformation use cases, which broadens the platform’s relevance across operational workflows. These priorities aim to deepen customer penetration while building a larger ecosystem around the core eMOBIQ offering.

ASEAN market expansionMedium term

Regional growth can enlarge the addressable market beyond Singapore and improve customer diversification.

Platform monetizationShort term

Converting deployments into recurring SaaS usage strengthens the software business model.

Vertical workflow expansionMedium term

Industry-specific apps increase product relevance and customer stickiness.

AI-enabled digital transformation partnershipsShort term

Partner-led offerings can accelerate adoption and improve credibility in SME markets.

Geography

The company is based in Singapore and appears to run its commercial and operational base there. Its recent disclosures highlight a strategic push across ASEAN, including Malaysia, where it is building partnerships around SME digital enablement. The business model is therefore tied to Southeast Asian adoption of mobile software and enterprise digitization.

Risks

The company’s business depends on winning and retaining software customers in a competitive no-code and SaaS market, where switching costs and product differentiation matter. Its regional strategy also exposes it to execution risk in new ASEAN markets and reliance on partners for distribution and implementation. Like many small software companies, it faces product adoption, platform scaling, and listing-related capital market risks that can affect business continuity and investor perception.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer adoption and retention1ASEAN expansion execution2Competition in no-code software3Partner concentration and channel reliance4Capital markets and listing compliance5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Customer adoption and retentionImpact: HighLikelihood: Medium

    Revenue depends on customers choosing the platform and continuing subscriptions or deployments.

    Exposure: eMOBIQ and SaaS offerings

  2. ASEAN expansion executionImpact: HighLikelihood: Medium

    Regional growth relies on local partnerships, market fit, and operational rollout across multiple countries.

    Exposure: Singapore and ASEAN markets

  3. Competition in no-code softwareImpact: MediumLikelihood: High

    The company competes against broader software platforms with larger budgets and established ecosystems.

    Exposure: Platform sales

  4. Partner concentration and channel relianceImpact: MediumLikelihood: Medium

    A partner-led model can create dependence on third parties for customer access and product rollout.

    Exposure: Strategic partnerships

  5. Capital markets and listing complianceImpact: MediumLikelihood: Medium

    Small public software companies can be sensitive to share-price volatility and exchange listing rules.

    Exposure: Nasdaq listing

Accounting

Judgemental items
Revenue recognition

Platform licenses, SaaS subscriptions, and service elements may be recognized at different times.

Impact: Affects revenue timing and quarterly comparability

Deferred revenue

Prepaid subscriptions and support obligations can build contract liabilities.

Impact: Impacts balance sheet and future revenue visibility

Capitalized development costs

Software development spending may be capitalized if criteria are met.

Impact: Changes operating expense timing and asset balances

Impairment of intangibles

Any acquisitions or capitalized software assets may require impairment testing.

Impact: Could create non-cash charges if value assumptions weaken

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026