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Singapore-based B2B platform sourcing goods, mainly from China, and distributing them to small retailers in Japan, Indonesia and elsewhere.
Singapore-based B2B platform sourcing goods, mainly from China, and distributing them to small retailers in Japan, Indonesia and elsewhere.
Earns money from selling goods sourced mostly from China to small retailers through its apps, with warehousing, logistics and digital-marketing services layered on. Japan and Indonesia are the core markets. It reached Nasdaq in August 2025 by merging with a listed shell company (a SPAC).
Moat: none. Distribution intermediary with little to stop buyers or suppliers going direct or switching platforms.
Headquarters: Singapore · Employees: 91
Size Polibeli (PLBL) is a United States Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $1.96B, the 1804th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.35 on 6 Nov 2026.
Performance Over six months the shares fell 27.7%, against +8.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 18 in its peer set.
Growth The operating margin is -28.6% (peer median 4.0%).
Valuation It trades at 97.0× enterprise value to sales against a peer median of 0.8× (most expensive of 19).
Short interest Short interest is 0.1% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | $20.2M | $0 | $17.0M |
| Revenue growth | — | — | -100% | — |
| Gross profit | n/a | $1.35M | $0 | $679,674 |
| EBITDA | n/a | -$5.39M | -$2.68M | -$4.30M |
| Net income | n/a | -$4.57M | -$891,270 | -$5.01M |
| Free cash flow | n/a | -$4.98M | -$466,520 | -$4.99M |
| Capital expenditure | n/a | $118,605 | $0 | $1.49M |
| Total debt | n/a | $6.22M | $0 | $3.38M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PLBL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.1% | +1.0% | 8th lowest of 19 |
| 6-month return | -27.7% | +8.4% | 2nd lowest of 18 |
| Distance from 52-week high | -54.5% | -21.3% | 2nd lowest of 19 |
| Operating margin | -28.6% | 4.0% | 2nd lowest of 19 |
| EV / Sales | 97.0× | 0.8× | most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | 97.0× | n/a | n/a |
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 1.1× | 9.9% | +5.1% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 3.5× | -5.2% | +13.1% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 0.4× | -8.4% | +0.7% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 0.4× | -11.0% | -0.8% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | 0.4× | -14.2% | +13.4% |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 0.9× | -3.0% | -28.0% |
| Fnac Darty FNAC.PA | France | $1.16B | -1% | +10% | 2% | 0.3× | -0.6% | +6.6% |
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 0.5× | 20.7% | -0.7% |
| ATRenew Inc. Sponsored ADR RERE | United States | $944M | -7% | +35% | 3% | 0.2× | n/a | n/a |
| China Qidian Guofeng 1280.HK | Hong Kong | $930M | +113% | -6% | -30% | 16.0× | n/a | n/a |
| Jiangsu Yinhe Electronics 002519.SZ | China | $852M | -38% | +1,594% | -9% | 5.7× | 56.2% | -18.2% |
| Aditya Vision AVL.NS | India | $714M | -6% | +28% | 7% | 2.4× | 33.5% | +29.0% |
| Kojima 7513.T | Japan | $675M | +15% | +5% | 3% | 0.3× | -9.8% | 0.0% |
| Joshin 8173.T | Japan | $674M | +42% | +9% | 2% | 0.3× | -3.7% | -0.6% |
| mobilezone MOZN.SW | Switzerland | $659M | -12% | -37% | 6% | 1.1× | 1.4% | -6.1% |
| JB Hi-Fi JBH.AX | Australia | $5.86B | +8% | +5% | 7% | 0.8× | 6.7% | +4.4% |
| Electronics Mart India EMIL.NS | India | $588M | +19% | +17% | 5% | 0.7× | 12.0% | +17.5% |
| SS Retail SSRETAIL.NS | India | $501M | n/a | +47% | 4% | 2.0× | n/a | n/a |