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Financial statements

Digital Currency X Technology Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Digital Currency X Technology Inc. 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

FY2021FY2023FY2023FY2024FY2025
Revenue22.3159.486.92
Cost of revenue56.219.315.315.6
Gross profit-57.2-38.3-32.8-24.8
Research and development15.413.88.41.48
Selling, general and administrative50.465.33.592.438.4
Selling and marketing1.862.011.591.51
General and administrative48.663.345.729.4
Operating expenses71.979.93.592.438.4
Operating income-129-118-3.59-2.43-8.4
Interest expense16.114.714.80.01-0.01
Interest income1.880.840.680.05
Other non-operating income66.66.75-9.78-11.779.1
Pre-tax income-62.6-112-3.59-2.4370.7
Income from continuing operations-3.59-2.4370.7
Net income to minority interests-32.6-34.3-30.4-22.1-26.5
Net income-29.9-77.3-98.5-69-30.1
EBITDA-74.9-73.63120.7
EPS, basic-7,165.00-18,271.00-15,476.00-10,397.00-4.22
EPS, diluted-7,165.00-18,272.00-15,476.00-10,397.00-4.22
Shares, basic (weighted)00002.34
Shares, diluted (weighted)00002.34

Balance sheet

FY2021FY2023FY2023FY2024FY2025
Cash and equivalents43.137.910.71.683.94
Inventory23.914.811.1
Total current assets16190.8471867
Property, plant and equipment218181156
Lease right-of-use assets134126120
Goodwill3.012.772.72.62
Intangible assets131127124
Long-term investments4.373.73.25
Other non-current assets2.394.290.2
Total assets654536471867
Short-term debt10197.895.2
Total current liabilities493525616709
Other non-current liabilities6.866.195.53
Total liabilities637615616709
Total debt10197.895.2
Paid-in capital164169169445
Retained earnings-246-314-361-371
Treasury stock-0.5-0.5-0.5
Other comprehensive income7.066.16.56-0.03
Shareholders' equity-68.6-133-179151
Minority interests84.75433.86.52
Total equity11216.1-78.9-145157
Total liabilities and equity654536471867
Shares outstanding0.135.360

Cash flow statement

FY2021FY2023FY2023FY2024FY2025
Net income-62.6-112-98.5-69-30.1
Depreciation and amortization54.344.734.623.1
Stock-based compensation3.170.09
Change in inventory-25.10.493.97-0.38
Cash from operations-22.422.4-40-25.5-54.6
Capital expenditures-0.95-11.8-5.34-1.09
Cash from investing-1.07-13.2-1.76-1.061.42
Debt issued1.38
Debt repaid-44.6
Cash from financing-44.61.385.2313.622.5
Exchange rate effect2-3.64-1.364.5531.8
Net change in cash-68.110.5-36.6-12.9-30.7
Free cash flow-23.310.5-45.4-26.6
Interest paid0.260.240.11

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $6.17 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-4.5%Net income / average total assets.
Return on invested capital (ROIC)-21.7%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%.

Growth

MetricValueHow it is calculated
Total assets growth, 1y84.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y9.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y51,722.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y720.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.22xCurrent assets / current liabilities.
Quick ratio0.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Liabilities / assets81.8%Total liabilities / total assets.
Working capital$157.5MCurrent assets - current liabilities.
Tangible book value$151.0MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$4.22Net 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-$4.22Net income per basic share, as reported (split-adjusted).
Operating cash flow per share-$23.35Cash from operations / diluted weighted shares.
Book value per share$64.58Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$64.58Tangible book value / shares outstanding.
Cash per share$1.69(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$122.3MShare price x shares outstanding.
Enterprise value$118.4MMarket cap + total debt - cash - short-term investments.
P/B0.81xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.81xMarket cap / tangible book value, when positive.
Earnings yield-24.6%Net income / market cap (the inverse of P/E).
Was Digital Currency X Technology Inc. profitable in fiscal 2025?

No. It reported a net loss of $30.1M.

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.

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