Financial Services · Financial - Credit Services
Price
$8.65
Market Cap
$207.5M
Employees
96
Beta
1.46
Avg Volume
5,303
CEO
Xin Jin
Business Description
Antalpha Platform Holding Company provides financing, technology, and risk management solutions to the crypto asset industry. It offers supply chain financing to enterprises secured by Bitcoin and Bitcoin mining machines; and mining machine and hashrate loans to pay for the acquisition of mining machines and mining operation expenditures. The company also assists customers to seek other financing solutions, including Bitcoin loans from its funding partner Northstar. In addition, it acts as an agent and utilizes its technology and services capabilities to service its customers by providing loan servicing and management, anti-money laundering, and other platform services during the term of the loan. The company was founded in 2022 and is headquartered in Singapore. Antalpha Platform Holding Company operates as a subsidiary of Antalpha Technologies Holding Company.
Business History
Price Overview
Last updated: May 14, 2026 3:14am (just now)$8.65
-0.09 (-1.03%)
Day Range
$8.21 – $9.20
52-Week Range
$6.25 – $18.43
50-Day MA
$8.20
200-Day MA
$10.09
Volume
6,053.00
Share Structure
Outstanding
23,992,516.00
Float
2,510,456.00
Free Float
10.5%
Very low free float
— 10.5% of shares trade freely, ~89.5% held by insiders/institutions
Thinly traded — expect wider bid-ask spreads and sharp price swings on modest volume. Institutional investors may avoid due to liquidity constraints.
Small absolute float (2.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
17.23
Stock Price: $8.65
EPS (Diluted): 0.80
EPS (Diluted): 0.80
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.72
Stock Price: $8.65
Total Equity: $119.68M
Shares: 23,100,000
Total Equity: $119.68M
Shares: 23,100,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
71.07
Market Cap: $207.54M
Total Debt: $1.03B
Cash: $7.85M
EBITDA: $27.77M
Total Debt: $1.03B
Cash: $7.85M
EBITDA: $27.77M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.2B
Market Cap: $207.54M
Total Debt: $1.03B
Cash: $7.85M
Total Debt: $1.03B
Cash: $7.85M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.9%
Gross Profit: $35.79M
Revenue: $79.68M
Revenue: $79.68M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
18.8%
Operating Income: $15.02M
Revenue: $79.68M
Revenue: $79.68M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
23.2%
Net Income: $18.49M
Revenue: $79.68M
Revenue: $79.68M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.3%
Net Income: $18.49M
Total Equity: $119.68M
Total Equity: $119.68M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
0.5%
Operating Income: $15.02M
Tax Rate: 8.7%
Equity: $119.68M
Total Debt: $1.03B
Cash: $7.85M
Tax Rate: 8.7%
Equity: $119.68M
Total Debt: $1.03B
Cash: $7.85M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
4.76
Current Assets: $1.47B
Current Liabilities: $307.54M
Current Liabilities: $307.54M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
8.59
Short-Term Debt: $307.54M
Long-Term Debt: $720.78M
Total Debt: $1.03B
Total Equity: $119.68M
Long-Term Debt: $720.78M
Total Debt: $1.03B
Total Equity: $119.68M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$3.45
Revenue: $79.68M
Shares: 23,100,000
Shares: 23,100,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$5.18
Total Equity: $119.68M
Shares: 23,100,000
Shares: 23,100,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.20
Operating CF: -$3.84M
CapEx: -$691,214
Shares: 23,100,000
CapEx: -$691,214
Shares: 23,100,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $8.65
Stock Price: $8.65
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $18.49M
Net Income: $18.49M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ANTA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: May 9, 2026 6:07am (4d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $11.3M | $47.5M | $79.7M |
| Cost of Revenue | $9.4M | $29.5M | $43.9M |
| Gross Profit | $1.8M | $17.9M | $35.8M |
| Operating Expenses | $9.5M | $14.7M | $20.8M |
| Operating Income | -$7.6M | $3.2M | $15.0M |
| Net Income | -$6.6M | $4.4M | $18.5M |
| EBITDA | -$6.9M | $5.7M | $27.8M |
| EPS | $-0.29 | $0.19 | $0.80 |
| EPS (Diluted) | — | — | — |
Balance Sheet (Annual)
Last updated: May 9, 2026 6:07am (4d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash & Equivalents | $439,096 | $5.9M | $7.9M |
| Total Current Assets | $371.8M | $1.0B | $1.5B |
| Total Assets | $732.0M | $1.3B | $2.4B |
| Current Liabilities | $364.6M | $990.2M | $307.5M |
| Long-Term Debt | $190.1M | $128.2M | $720.8M |
| Total Liabilities | $719.3M | $1.2B | $2.2B |
| Total Equity | $12.7M | $46.4M | $119.7M |
| Retained Earnings | $0 | $0 | $0 |
Cash Flow (Annual)
Last updated: May 9, 2026 6:07am (4d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -$12.2M | -$11.7M | -$3.8M |
| Capital Expenditure | $-61,522 | $-160,066 | $-691,214 |
| Free Cash Flow | -$12.3M | -$11.9M | -$4.5M |
| Acquisitions (net) | $0 | $0 | $0 |
| Debt Repayment | — | — | — |
| Dividends Paid | — | — | — |
| Stock Buybacks | $0 | $0 | $-32,696 |
| Net Change in Cash | $229,642 | $5.5M | $1.9M |
Analyst Estimates (Annual)
Last updated: May 14, 2026 3:14am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$78.0M $77.7M – $78.3M
|
$91.7M $91.0M – $92.3M
|
$113.4M $112.7M – $114.1M
|
$146.4M $145.5M – $147.4M
|
| EBITDA |
$72.7M $72.4M – $73.1M
|
$85.5M $84.9M – $86.0M
|
$105.7M $105.0M – $106.4M
|
$136.5M $135.7M – $137.4M
|
| Net Income |
$15.8M $14.7M – $16.7M
|
$8.3M $8.2M – $8.4M
|
$14.6M $14.4M – $14.7M
|
$19.9M $19.7M – $20.0M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: May 9, 2026 6:07am (4d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Revenue Growth | +321.0% | +67.9% |
| Gross Profit Growth | +878.7% | +99.8% |
| Operating Income Growth | +141.7% | +372.0% |
| Net Income Growth | +166.7% | +320.9% |
| EBITDA Growth | +182.3% | +388.4% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-18 | Wang (YW) Yang | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Xin (Moore) | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Xin (Moore) | 750,000.00 | $0.04 | $30,000 | |
| 2026-03-18 | Jin Xin (Moore) | 1,500,000.00 | $0.01 | $15,000 | |
| 2026-03-16 | Liang Guanning | 45,000.00 | $0.04 | $1,800 | |
| 2026-03-13 | Islim Derar | 0.00 | $0.00 | $0 | |
| 2026-03-12 | Sun Hanhui | 0.00 | $0.00 | $0 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.207 · 22a3a690 · 2026-05-13 17:39:54