Antalpha Platform Holding Co
ANTAdata completeness 100%3 fiscal years on fileData notes: no data for concept 'interestExpense'
i. The business — what you’d actually own
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $11.3M1 | $47.5M1 | $79.7M1 |
| Net income | −$6.59M2 | $4.39M2 | $24.4M2 |
| Operating cash flow | −$12.2M3 | −$11.7M3 | −$3.84M3 |
| Capital expenditure | $61,5224 | $160,0664 | $380,1134 |
| Free cash flow (derived) | −$12.3M3 | −$11.9M3 | −$4.22M3 |
| Total debt | — | $693.9M5 | $429.1M5 |
| Cash & equivalents | $439,0966 | $5.93M7 | $7.85M7 |
| Diluted shares | 19.3M | 19.4M | 24.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000040%
of the whole company
Your share of last year’s profit
$9.86
Your share of its debt
$173.19
Your share of free cash flow
−$1.7
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$1.87
assumptions (8)
- riskFreeRate4.5%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$4.39M
- growthAssumed0.0%
Graham Number
$9.03
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
Sources — the receipts
- 20-F · period ending 2023-12-31 · accession 0001213900-26-043573 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-043573 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-043573 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-043573 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-043573 (LongTermDebtCurrent)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-043573 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-043573 (CashAndCashEquivalentsAtCarryingValue)