Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Antalpha Platform Holding Co files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
11.3
47.5
79.7
Selling and marketing
2.65
4.26
8
General and administrative
6.3
9.09
18.9
Operating expenses
18.9
44.3
64.7
Operating income
-7.62
3.18
15
Interest income
0.08
0.27
Other non-operating income
-0.28
1.78
5.73
Pre-tax income
-7.9
4.96
26.8
Income tax
-1.32
0.57
2.34
Net income to minority interests
5.94
Net income
-6.59
4.39
24.4
EBITDA
-7.11
4.01
16
EPS, basic
-0.34
0.23
0.84
EPS, diluted
-0.34
0.23
0.75
Shares, basic (weighted)
19.3
19.3
22.1
Shares, diluted (weighted)
19.3
19.4
24.8
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
0.44
5.93
7.85
Receivables
4.09
7.97
Other current assets
4.27
6.63
Total current assets
1,044
874
Property, plant and equipment
0.2
0.44
Lease right-of-use assets
2.44
2.04
Goodwill
21.7
Intangible assets
0.26
Long-term investments
5.81
10.3
Total assets
1,255
2,407
Short-term debt
201
15.8
Total current liabilities
990
754
Lease liabilities
0.95
1.56
Total liabilities
1,208
2,205
Total debt
201
15.8
Paid-in capital
48.6
103
Retained earnings
-2.19
16.3
Treasury stock
-0.03
Shareholders' equity
46.4
120
Minority interests
82.6
Total equity
12.7
46.4
202
Total liabilities and equity
1,255
2,407
Shares outstanding
19.3
Cash flow statement
FY2023
FY2025
FY2025
Net income
-6.59
4.39
24.4
Depreciation and amortization
0.52
0.83
1
Stock-based compensation
0.13
4.77
Deferred income tax
-1.32
0.46
0.8
Change in receivables
-3.77
-0.83
-3.88
Cash from operations
-12.2
-11.7
-3.84
Capital expenditures
-0.06
-0.16
-0.38
Cash from investing
-35
-76.2
-6.86
Debt repaid
-530
Stock issued
0.02
0
Cash from financing
47.5
93.4
12.6
Exchange rate effect
-0.01
Net change in cash
0.23
5.49
1.92
Free cash flow
-12.3
-11.9
-4.22
Income taxes paid
0
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.84 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
18.8%
Operating income / revenue.
EBITDA margin
20.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
33.6%
Pre-tax income / revenue.
Net margin
30.7%
Net income / revenue.
FCF margin
-5.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-4.8%
Cash from operations / revenue.
Effective tax rate
8.7%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
29.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
1.3%
Net income / average total assets.
Return on invested capital (ROIC)
7.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
6.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.5%
Capital expenditures / revenue.
D&A / revenue
1.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
67.9%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
372.0%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
299.3%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
456.2%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
226.1%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
158.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
91.8%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
27.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.16x
Current assets / current liabilities.
Quick ratio
0.02x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.13x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.7%
Total debt / total assets.
Liabilities / assets
91.6%
Total liabilities / total assets.
Net debt
$7.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
0.50x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.75
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.84
Net income per basic share, as reported (split-adjusted).
Revenue per share
$3.22
Revenue / diluted weighted shares.
FCF per share
-$0.17
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.15
Cash from operations / diluted weighted shares.
Book value per share
$4.83
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
4.37x
Market cap / net income. Only when net income is positive.
P/S
1.34x
Market cap / revenue.
P/B
0.89x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.09x
Market cap / tangible book value, when positive.
EV/Sales
1.44x
Enterprise value / revenue.
EV/EBIT
7.64x
Enterprise value / operating income, when both are positive.
EV/EBITDA
7.16x
Enterprise value / EBITDA, when both are positive.
FCF yield
-4.0%
Free cash flow / market cap.
Earnings yield
22.9%
Net income / market cap (the inverse of P/E).
What was Antalpha Platform Holding Co's revenue in fiscal 2025?
Antalpha Platform Holding Co reported revenue of $79.7M for fiscal 2025, 67.9% higher than the year before.
Was Antalpha Platform Holding Co profitable in fiscal 2025?
Yes. Net income was $24.4M, a net margin of 30.7%.
How much free cash flow did Antalpha Platform Holding Co generate in fiscal 2025?
Cash from operations of $3.8M minus capital expenditures of $380.1K left free cash flow of -$4.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.